0001448788-13-000095.txt : 20130515 0001448788-13-000095.hdr.sgml : 20130515 20130515151555 ACCESSION NUMBER: 0001448788-13-000095 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130515 DATE AS OF CHANGE: 20130515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Logistics Group Inc CENTRAL INDEX KEY: 0001123493 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 651001686 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31497 FILM NUMBER: 13846380 BUSINESS ADDRESS: STREET 1: 23F. GUTAI BEACH BUILDING NO. 969, STREET 2: ZHONGSHAN ROAD (SOUTH) CITY: SHANGHAI STATE: F4 ZIP: 200011 BUSINESS PHONE: 86-21-63355100 MAIL ADDRESS: STREET 1: 23F. GUTAI BEACH BUILDING NO. 969, STREET 2: ZHONGSHAN ROAD (SOUTH) CITY: SHANGHAI STATE: F4 ZIP: 200011 FORMER COMPANY: FORMER CONFORMED NAME: MediaREADY Inc DATE OF NAME CHANGE: 20060927 FORMER COMPANY: FORMER CONFORMED NAME: VIDEO WITHOUT BOUNDARIES INC DATE OF NAME CHANGE: 20011115 FORMER COMPANY: FORMER CONFORMED NAME: VALUSALES COM INC DATE OF NAME CHANGE: 20000909 10-K 1 chlo10-k.htm CHINA LOGISTICS GROUP, INC. FORM 10-K chlo10-k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 10-K

(Mark One)

x  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2012

or
 
o  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________________ to __________________________
 
Commission file number: 000-31497

CHINA LOGISTICS GROUP, INC.
(Exact name of registrant as specified in its charter)

Florida
65-1001686
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)

23F. Gutai Beach Building No. 969, Zhongshan Road (South),Shanghai, China
200011
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:
86-21-63355100

Securities registered under Section 12(b) of the Act:

Title of each class
Name of each exchange on which registered
None
Not applicable

Securities registered under Section 12(g) of the Act:

Common Stock, par value $0.001 per share
(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
o Yes  x No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
o Yes  x No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
o Yes  x No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.4.05 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
x Yes  o No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
x Yes  o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company:

Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)oYes xNo

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked prices of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. Approximately $415,082 on June 30, 2012.

Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. 58,429,090 shares of common stock are issued and outstanding as of May 6, 2013.

DOCUMENTS INCORPORATED BY REFERENCE

 List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933.  The listed documents should be clearly described for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).  None.


 
 
 
 

CHINA LOGISTICS GROUP, INC.
FORM 10-K
TABLE OF CONTENTS

   
Page No.
Part I
Item 1.
Business.
1
Item 1A.
Risk Factors.
7
Item 1B.
Unresolved Staff Comments.
12
Item 2.
Properties.
13
Item 3.
Legal Proceedings.
13
Item 4.
Mine Safety Disclosures.
13
Part II
Item 5.
Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.
14
Item 6.
Selected Financial Data.
16
Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations.
16
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk.
20
Item 8.
Financial Statements and Supplementary Data.
20
Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
20
Item 9A.
Controls and Procedures.
21
Item 9B.
Other Information.
22
Part III
Item 10.
Directors, Executive Officers and Corporate Governance.
22
Item 11.
Executive Compensation.
24
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters.
25
Item 13.
Certain Relationships and Related Transactions, and Director Independence.
26
Item 14.
Principal Accounting Fees and Services.
27
Part IV
Item 15.
Exhibits, Financial Statement Schedules.
28


 
i
 
 


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “likely,” “aim,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about:
 
 
•
restatements of our financial statements as a result of errors in these statements;
 
•
our ability to timely and accurately provide shipping agency services;
 
•
our history of losses and declining margins;
 
•
the conversion terms of the 12% convertible promissory note entered into in February 2013 which is subject to a variable conversion feature and the terms of the note which restricts our ability to undertake certain transactions,
 
•
our history of providing advances to related parties and loans to unrelated parties which could adversely impact our liquidity,
 
•
our dependence on third party equipment and services to operate our business,
 
•
our dependence on third party cargo agents,
 
•
credit risks, including the need to write off a related party receivable,
 
•
the slowdown of the Chinese economy or risks of inflation,
 
•
the impact of changes in the political and economic policies and reforms of the Chinese government; fluctuations in the exchange rate between the U.S. dollar and the Renminbi;
 
•
uncertainties associated with the People’s Republic of China ("PRC")’s legal system,
 
•
currency exchange restrictions and fluctuations in the value of the RMB,
 
•
economic, legal restrictions and business conditions in China,
 
•
adverse impact of recent Chinese accounting scandals,
 
•
material weaknesses in our disclosure controls and internal control over financial reporting,
 
•
management’s significant holdings of our common stock,
 
•
limited public market for our common stock, and
 
•
the potential dilutive impact of the exercise of warrants, including warrants with cashless exercise provisions.

You should read thoroughly this report and the documents that we refer to herein with the understanding that our actual future results may be materially different from and/or worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements including those made in  Item A. Risk Factors.  Other sections of this report include additional factors which could adversely impact our business and financial performance. Moreover, we operate in an evolving environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. These forward-looking statements speak only as of the date of this report, and you should not rely on these statements without also considering the risks and uncertainties associated with these statements and our business.

OTHER PERTINENT INFORMATION

Unless specifically set forth to the contrary, when used in this report the terms “China Logistics Group", "we"", "our", the "Company" and similar terms refer to China Logistics Group, Inc., a Florida corporation, and our wholly-owned subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd., a Chinese company (“Shandong Jiajia”) and its subsidiaries. In addition, when used herein and unless specifically set forth to the contrary, "2012” refers to the year ended December 31, 2012, “2011” refers to the year ended December 31, 2011, and “2013” refers to the year ending December 31, 2013.

The information which appears on our website at www.chinalogisticsinc.com is not part of this report.



 
ii
 
 

PART I

ITEM 1.                      DESCRIPTION OF BUSINESS.

Overview

Our operating subsidiary, Shandong Jiajia, was established in November 1999 and acts as an agent for international freight and shipping companies. Through this subsidiary, we sell cargo space and arrange international transportation via land, maritime, and air routes primarily for clients seeking to export goods from China. We are a non-asset based freight forwarder and we do not own any containers, trucks, aircraft or ships. We contract with companies owning these assets to provide transportation services required for shipping freight on behalf of our customers.

Shandong Jiajia’s headquarters are in Qingdao, China, and it has branches in Shanghai, Tianjin, Xiamen, and Lianyungang.  We coordinate with agents in North America, Europe, Australia, Asia, and Africa.  

 The Chinese Freight Forwarding Industry
 
According to the China International Freight Forwarding Industry Report, 2012 – 2015, published by Sino Market Insight Co. Ltd., in January 2013, Sino Market Insight forecasts that in 2015, China’s international freight forwarding business will account for approximately 31% of the total import-export value of foreign trade, with a compound average growth rate of 8.4%. China’s rapid economic growth has accelerated circulation of goods, information and services in the whole society, thus providing a broad market space for the development of cross-border logistics industry cored by international freight forwarding. From 1998 to 2011, China’s cross-border logistics industry witnessed an average annual growth rate of more than 10% in market scale. However, affected by the European debt crisis, foreign trade in 2012 showed contraction, and only a slight increase appeared in cross-border logistics market, with growth rate down to 5.0%, to RMB1.09 trillion. In China, international freight forwarding mainly consists of ocean freight forwarding and air freight forwarding, of which, the former accounts for about 70% of the overall international freight forwarding market. At present, capacity surplus in shipping industry is still serious, coupled with the slow recovery in demand for cargo volume, the growth rate of international ocean freight forwarding market scale in 2012 will fall to a single digit. The international air freight forwarding market occupies a small proportion of 15%, accompanied by large fluctuations. Under the influence of increasing air cargo capacity, descending demand produced by economic recession in the U.S. and Europe, plus high aviation fuel prices, the international air freight forwarding market remained in recession in 2012. 

In China, the freight forwarding industry began to develop in the early 1980s following the China Reform policy. In 1983, Sinotrans Ltd. was the only international freight forwarder registered with the China Ministry of Foreign Trade and Economic Cooperation. By 2009, approximately 19,000 international freight forwarders were registered with the China Ministry of Commerce. This increase is attributed to increasing international trade and a gradual relaxation of regulations by the Chinese government.

The development of Chinese foreign trade has a great impact on the freight forwarding industry. The volume of exports and imports of China have shaped the scale of the market demand for the Chinese freight forwarding industry. According to the Chinese General Administration of Customs (GAC), China's foreign trade increased 22.5% in 2011 from a year earlier to 23.63 trillion yuan ($3.75 trillion) while its GDP stood at 47.16 trillion yuan ($7.3 trillion) during the period, indicating that the reliance on foreign trade, the ratio of the total trade value in the country's GDP has dropped to 50.1% in 2011, suggesting that the economy is transferring to a more inner-led growth mode. China's reliance on foreign trade has been above 50% for years with the peak at 67% in 2006.

The Ministry of Commerce (MOC) of China expects that China's foreign trade will expand at an annual rate of 10% to reach 4.8 trillion by 2015, but the outlook for China's foreign trade is not favorable in the first quarter of 2013 amid sluggish global growth, especially among major trade partners such as the European Union (“EU”), the U.S. and Japan. The growth of 2012 exports to the EU was four percentage points lower compared to the year of 2011. In addition, China also faces obstacles in expanding imports because of slowing domestic growth and export restrictions including the anti-dumping to textile products and higher regulation for importing food and medicine, and etc.in the EU and U.S. which may significantly harm the export business of China and affect Chinese logistics companies.

We believe that these factors impacting Chinese foreign trade indicate that the freight forwarding industry across the board is facing challenges for business expansion and cost control amidst unfavorable domestic and global economy in the coming years.


 
- 1 -
 
 


Our services

The typical freight forwarding service package provided by us includes goods reception, space reservation, transit shipment, consolidate traffic, storage, multimodal transport and large scale transport such as export of large mechanical equipment. We provide freight forwarding services for a wide variety of merchandise and we have experience in handling various types of freight such as refrigerated merchandise, hazardous merchandise and perishable agricultural products.

To accommodate our customers shipping needs, we can either facilitate the shipment of a full container or, if the shipment is less than a full container-load, we will co-load a customer's merchandise with other customers or freight forwarders to create a full container. Containers are in sizes of either 20 foot or 40 foot, each are used for ocean freight, and a 20 foot container can carry 17.5 metric tons of merchandise while a 40 foot container can carry 22 metric tons of merchandise. For full container loads, as part of its normal services we will deliver the empty container to a customer’s factory and the customer loads the merchandise. We then transport the container to the port of departure for customs clearance. Once the clearance is obtained, we load the containers on to the ship and issue the bill of lading and service invoice to our customer.

For shipments of less than full container loads, merchandise which will be co-loaded with merchandise from other customers or freight forwarders. Our customers may either request that the merchandise be picked up at its factory or deliver the merchandise directly to a warehouse in Shanghai. Upon receipt at the warehouse, we will store the merchandise until a sufficient quantity of other merchandise is received to fill the particular container. Generally, the merchandise is in storage for 30 days or less. An unrelated third party owns the warehouse and we pay for space on an as-used basis depending upon the size, quantity and duration. The cost is included in the amount charged to the customer for the shipment. Thereafter, the procedure for completing the shipment is similar to that which is described above for full container load shipments from a customer.

We do not insure our customer’s merchandise while it is in our possession. As part of our normal and customary terms we require our customers to purchase insurance coverage.

Typically payment is delineated in the initial order. We collect payment for our services from either:

 
•
the shipper when the merchandise departs if the trade pricing term is on a CIF (cost, insurance and freight) or CFR (cost and freight) basis, or
 
•
from the recipient when merchandise arrives at destination port if the trade pricing term is on an FOB (free on board) basis.

We are a designated agent of cargo carriers including Nippon Yusen Kaisha (NYK Line), P&O Nedlloyd, CMA CGM Group, Safmarine Container Lines, Regional Container Lines (RCL), Ryder CRSA Logistics, CompaснaSud Americana de Vapores (“CVSA”) and Horizon Lines, LLC. We are also a member of the China Cargo Alliance (“CCA”), an independent network of air and sea freight forwarders serving international trade of China. CCA currently has 110 members. In this alliance, all members are free to trade their services with peer members. Overseas agents forward orders to us for the services of handling and/or space purchase. If agents only request procedural handling, we usually charge $30 to $40 per order for service fee.

We generally receive 30 day terms from the airlines and shipping lines with which we transact business. For the shipping lines to North America, we enter into annual sales contracts with various shipping companies in order to ensure a sufficient amount of shipping and air cargo space is available at pre-determined prices. In these contracts, we are assigned a certain amount of cargo space but we are not required to either pre-purchase the cargo space or otherwise required to provide a deposit. The number of available spaces is determined based on negotiation between our company and the shipping company. We usually reserve a relatively small amount of cargo space in order to avoid overbooking. Because of our long-term relationships with these various shipping companies however, we have never experienced any difficulties in obtaining sufficient cargo space to meet our customer’s needs.

We are committed to providing competitive pricing and efficient, reliable service to our customers. We believe that we have good relationships with our customers, major airlines, shipping lines and our network of overseas agents. Our salespersons are responsible for marketing our services to a diversified customer base and for establishing new customer relationships. We employ 30 full time salespersons. These salespersons solicit business through a variety of means including personal visits, sales calls, and faxes. Our customers sign annual or project-based contracts with us and the terms of the contract determine the merchandise, price, and delivery instructions. Sales persons are compensated with base salary and earn a sales commission based on net profit generated in excess of predetermined benchmarks.

 
- 2 -
 
 

 
In January 2013, we announced that we have partnered with a domestic trucking company to launch our own domestic trucking services to select locations and customers in China. We expect to initially offer the services through a small fleet of trucks to be leased by us from the domestic trucking company which will be dispatched from our Shanghai headquarters. The service will first be offered to customers in geographic areas that are in close proximity to a small number of international freight forwarding ports serviced by us. Over time, we expect to develop our own fleet and expand routes to a number of ports along the eastern seaboard of China. We believe that this strategy will enable our company to better service key international freight forwarding customers while expanding our gross margins through the integration of land and ocean based logistical operations. As of the date of the filing of this report, we do not have any trucks been leased yet. We expect the trucks will be leased and we expect the services will be started in the second quarter of 2013. There are no assurances, however, that we will successful launch the domestic trucking services, or that this expansion of our business will generate any significant revenues.

Customers, transaction currencies and credit terms

We generate revenues through sales to existing customers as well as new customers. The focus on products shipped by our customers varies across the branches. In the Qingdao area, the major export is agricultural products to Australian-Zelanian line and Southeast Asia line. Clothing and electronic products to Europe and the U.S. are the focus of the Shanghai branch and the Xiamen branch carries daily merchandise and hardware products to Europe and Africa. The rate we charge our customers fluctuates with market prices. We may elect to lower the rates on the occasions that a particular order involves a large quantity of freight, the customers has a good credit rating, and/or the customer has a record of prompt payment.

We do not require a deposit to engage our services. Sales of our freight forwarding services are generally made on credit. Fees are denominated in Renminbi (“RMB”), the functional currency of the PRC, and shipping costs charged by the various shipping companies are denominated in U.S. dollars. Historically, our existing customers generally settle their accounts receivable within 30 days after they receive a commercial invoice. For those orders with pricing terms of CIF and CFR, new customers are required to make payment in order to obtain one original copy of the bill of lading from us. The customer submits the bill of lading to the bank to settle the foreign exchange in its account. For orders with FOB pricing terms, we issue a delivery order to our agent at the port of destination.

Competition

We are one of approximately 19,000 registered international freight forwarding companies in China. The industry is dominated by a few state-owned companies. Our primary competitors are state owned Tianjin Zhenhua Logistics Group Co., Ltd., foreign joint ventures Qingdao Ocean & Great Asia Transportation Co., Ltd., and Air Sea Transport, Inc. These competitors each have developed a service network nationwide and internationally and have proprietary warehouses and transportation departments. Other smaller competitors generally do not have the financial wherewithal to meet the minimum registered capital requirements to permit their formation as an independent international freight forwarding company.

While the requirement to register as an international freight forwarding company to obtain a business license in China was amended in 2004 to provide that approval from the Ministry of Commerce is no longer necessary, we believe our ability to market our company as a veteran freight forwarding cargo company provides various competitive advantages. We have been operating since 1999 and we believe that our experience is a competitive advantage and serves as a benefit to exporters and importers as well as shipping agencies seeking to sell cargo space. We have developed stable shipping volume since 1999, which allows us to make a commitment to shipping agencies for cargo space, which in turn permits us to receive advantageous pricing.

A significant number of our competitors have more capital, longer operating histories, greater brand recognition, larger customer bases and significantly greater financial and marketing resources than we do. These competitors may also offer a more comprehensive package of freight forwarding services than we do, or may provide value added services such as customs brokerage, and distribution. For these and other reasons, our competitors' services may achieve greater acceptance in the marketplace than our company, limiting our ability to gain market share and customer loyalty and increase our revenues.

Government regulation

We are required to comply with the Customs Law established by the PRC, which establishes regulations related to import/export of merchandise from or to China. The regulations define the criteria for the supervision of the transport of merchandise to and from China.

Previously, each year we were required to pass an annual inspection by the local government agency of foreign trade and commerce to maintain the qualification. Effective April 1, 2005 an annual inspection is no longer required for approval and an international freight forwarding company, such as our company, is only required to file an annual renewal form with the local government agency of foreign trade and commerce. We completed the required registration in April 2013.


 
- 3 -
 
 
 

Regulation of foreign exchange.

The PRC government imposes restrictions on the convertibility of the RMB and on the collection and use of foreign currency by PRC entities. Under current regulations, the RMB is convertible for current account transactions, which include dividend distributions, and the import and export of goods and services. Conversion of RMB into foreign currency and foreign currency into RMB for capital account transactions, such as direct investment, portfolio investment and loans, however, is still generally subject to the prior approval of or registration with the State Administration of Foreign Exchange, or SAFE.

Under current PRC regulations, foreign-invested enterprises such as our PRC subsidiaries are required to apply to SAFE for a Foreign Exchange Registration Certificate for Foreign-Invested Enterprise. With such a certificate (which is subject to review and renewal by SAFE on an annual basis), a foreign-invested enterprise may open foreign exchange bank accounts at banks authorized to conduct foreign exchange business by SAFE and may buy, sell and remit foreign exchange through such banks, subject to documentation and approval requirements. Foreign-invested enterprises are required to open and maintain separate foreign exchange accounts for capital account transactions and current account transactions. In addition, there are restrictions on the amount of foreign currency that foreign-invested enterprises may retain in such accounts.

Regulation of foreign exchange in certain onshore and offshore transactions.

In October 2005, SAFE issued the Notice on Issues Relating to the Administration of Foreign Exchange in Fund-Raising and Return Investment Activities of Domestic Residents Conducted via Offshore Special Purpose Companies, or SAFE Circular 75, which became effective as of November 1, 2005. According to SAFE Circular 75, prior to establishing or assuming control of an offshore company for the purpose of financing that offshore company with assets or equity interests in an onshore enterprise in the PRC, each PRC resident, whether a natural or legal person, must complete certain overseas investment foreign exchange registration procedures with the relevant local SAFE branch. An amendment to the registration with the local SAFE branch is required to be filed by any PRC resident that directly or indirectly holds interests in that offshore company upon either:

 
•
the injection of equity interests or assets of an onshore enterprise to the offshore company, or
 
•
the completion of any overseas fund-raising by such offshore company.

An amendment to the registration with the local SAFE branch is also required to be filed by such PRC resident when there is any material change involving a change in the capital of the offshore company, such as:

•           an increase or decrease in its capital,
•           a transfer or swap of shares,
•           a merger or division,
•           a long-term equity or debt investment, or
•           the creation of any security interests.

SAFE Circular 75 applies retroactively. As a result, PRC residents who established or acquired control of offshore companies that made onshore investments in the PRC in the past were required to complete the relevant overseas investment foreign exchange registration procedures by March 31, 2006. Under SAFE Circular 75, failure to comply with the registration procedures may result in restrictions on the relevant onshore entity, including restrictions on the payment of dividends and other distributions to its offshore parent or affiliate and restrictions on the capital inflow from the offshore entity, and may also subject relevant PRC residents to penalties under the PRC foreign exchange administration regulations.

As a U.S. company, we are considered a foreign entity in the PRC. If we purchase the assets or equity interests of a PRC company owned by PRC residents in exchange for our equity interests, such PRC residents will be subject to the registration procedures described in SAFE Circular 75. Moreover, PRC residents who are beneficial holders of our shares are required to register with SAFE in connection with their investment in us.Messrs. Wei Chen and Hui Liu have completed the required registration with SAFE in January 2009.

In addition, on August 8, 2006, six PRC regulatory authorities, including the Ministry of Commerce, the State Assets Supervision and Administration Commission, the State Administration for Taxation (“SAT”), the State Administration for Industry and Commerce (“SAIC”), the China Securities Regulatory Commission(“CSRC”) and SAFE, jointly issued the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the New M&A Rules, which became effective on September 8, 2006. This regulation, among other things, includes provisions that purport to require that an offshore special purpose vehicle formed for purposes of overseas listing of equity interests in PRC companies and controlled directly or indirectly by PRC companies or individuals obtain the approval of the CSRC prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock exchange.


 
- 4 -
 
 

 
Regulation of resident enterprises

On March 16, 2007, the National People’s Congress approved and promulgated a new tax law, the PRC Enterprise Income Tax Law, or EIT Law, which took effect on January 1, 2008. Under the EIT Law, enterprises are classified as resident enterprises and non-resident enterprises. An enterprise established outside of China with “de facto management bodies” within China is considered a “resident enterprise” meaning that it can be treated in a manner similar to a Chinese enterprise for enterprise income tax purposes. The implementing rules of the EIT Law define “de facto management bodies” as a managing body that in practice exercises “substantial and overall management and control over the production and operations, personnel, accounting, and properties” of the enterprise; In January 2010, the PRC government determined that our company is a “resident enterprise”

As a result of this determination, a number of PRC tax consequences are as follows: First, we are subject to the enterprise income tax at a rate of 25% on our worldwide taxable income, as well as PRC enterprise income tax reporting obligations. Second, under the EIT Law and its implementing rules, dividends paid between “qualified resident enterprises” are exempt from enterprise income tax. As a result, if our company is treated as PRC “qualified resident enterprise” all dividends paid from Shandong Jiajia to us should be exempt from PRC tax. “Qualified Resident Enterprises” is a temporary term for the companies that cannot be determined as resident enterprises or non-resident enterprises, qualified resident enterprises shall be regulated by resident enterprises tax rules.  Finally, the new “resident enterprise” classification could result in a situation in which a 10% PRC tax is imposed on dividends we pay to our non-PRC shareholders that are not PRC tax “resident enterprises” and gains derived by them from transferring our common stock, if such income is considered PRC-sourced income by the relevant PRC authorities. In such event, we may be required to withhold a 10% PRC tax on any dividends paid to non-PRC resident shareholders. Our non-PRC resident shareholders also may be responsible for paying PRC tax at a rate of 10% on any gain realized from the sale or transfer of our common stock in certain circumstances. We would not, however, have an obligation to withhold PRC tax with respect to such gain.

Moreover, SAT released Circular Guoshuihan No. 698 on December 15, 2009 that reinforces the taxation of non-listed equity transfers by non-resident enterprises through overseas holding vehicles. Circular 698 addresses indirect share transfers as well as other issues. Circular 698 is retroactively effective from January 1 2008. According to Circular 698, where a foreign (non-PRC resident) investor who indirectly holds shares in a PRC resident enterprise through a non-PRC offshore holding company indirectly transfers equity interests in a PRC resident enterprise by selling the shares of the offshore holding company, and the latter is located in a country or jurisdiction where the effective tax burden is less than 12.5% or where the offshore income of his, her, or its residents is not taxable, the foreign investor is required to provide the PRC tax authority in charge of that PRC resident enterprise with certain relevant information within 30 days of the transfer. The tax authorities in charge will evaluate the offshore transaction for tax purposes. In the event that the tax authorities determine that such transfer is abusing forms of business organization and a reasonable commercial purpose for the offshore holding company other than the avoidance of PRC income tax liability is lacking, the PRC tax authorities will have the power to re-assess the nature of the equity transfer under the doctrine of substance over form. A reasonable commercial purpose may be established when the overall international (including U.S.) offshore structure is set up to comply with the requirements of supervising authorities of international (including U.S.) capital markets. If the SAT’s challenge of a transfer is successful, it may deny the existence of the offshore holding company that is used for tax planning purposes and subject the seller to PRC tax on the capital gain from such transfer. Since Circular 698 has a short history, there is uncertainty as to its application. We (or a foreign investor) may become at risk of being taxed under Circular 698 and may be required to expend significant resources to comply with Circular 698 or to establish that we (or such foreign investor) should not be taxed under Circular 698, which could have a material adverse effect on our financial condition and results of operations (or such foreign investor’s investment in us).

If any such PRC tax applies, a non-PRC resident investor may be entitled to a reduced rate of PRC tax under an applicable income tax treaty and/or a deduction against such investor’s domestic taxable income or a foreign tax credit against such investor’s domestic income tax liability (subject to applicable conditions and limitations). In the case of a U.S. holder, if a PRC tax applies to dividends paid on our common stock, or to gain from the disposition of our common stock, such tax should be treated as a foreign tax eligible for a deduction from such holder’s U.S. federal taxable income or a foreign tax credit against such holder’s U.S. federal income tax liability (subject to applicable conditions and limitations). In addition, the U.S. holder should be entitled to certain benefits under the U.S.-PRC Tax Treaty, including the treatment of any such income as arising in the PRC for purposes of calculating such foreign tax credit, if such holder is considered a resident of the United States for the purposes of the U.S.-PRC Tax Treaty. Prospective investors should consult with their own tax advisors regarding the applicability of any such taxes, the effects of any applicable income tax treaties, and any available foreign tax credits.

 
- 5 -
 
 


Regulations on dividend distribution

The principal regulations governing dividend distributions by wholly foreign-owned enterprises and Sino-foreign equity joint ventures include:

 
•
Wholly Foreign-Owned Enterprise Law (1986), as amended;
 
•
Wholly Foreign-Owned Enterprise Law Implementing Rules (1990), as amended;
 
•
Sino-foreign Equity Joint Venture Enterprise Law (1979), as amended; and
 
•
Sino-foreign Equity Joint Venture Enterprise Law Implementing Rules (1983), as amended.

Under these regulations, wholly foreign-owned enterprises and Sino-foreign equity joint ventures in the PRC may pay dividends only out of their accumulated profits, if any, determined in accordance with PRC accounting standards and regulations. Additionally, these foreign-invested enterprises are required to set aside certain amounts of their accumulated profits each year, if any, to fund certain reserve funds. These reserves are not distributable as cash dividends.

Regulation of overseas listings

On August 8, 2006, six PRC regulatory agencies, including the CSRC, promulgated the Regulation on Mergers and Acquisitions of Domestic Companies by Foreign Investors, which became effective on September 8, 2006 and was amended by the MOFCOM on June 22, 2009. This regulation, among other things, has certain provisions that require offshore special purpose vehicles, or SPVs, formed for the purpose of acquiring PRC domestic companies and controlled by PRC individuals, to obtain the approval of the CSRC prior to listing their securities on an overseas stock exchange.

SAFE regulations on employee share options.

On March 28, 2007, SAFE promulgated the Application Procedures of Foreign Exchange Administration for Domestic Individuals Participating in Employee Share Holding Plan or Share Option Plan of Overseas Listed Company, or the Share Option Rule. The purpose of the Share Option Rule is to regulate foreign exchange administration of PRC domestic individuals who participate in employee shareholding plans and share option plans of overseas listed companies. According to the Share Option Rule, if a PRC domestic individual participates in any employee shareholding plan or share option plan of an overseas listed company, a PRC domestic agent or the PRC subsidiary of such overseas listed company is required to, among others things, file, on behalf of such individual, an application with SAFE to obtain approval for an annual quota with respect to the purchase of foreign exchange in connection with shareholding or share option exercises as PRC domestic individuals may not directly use overseas funds to purchase shares or exercise share options. Concurrently with the filing of such application with SAFE, the PRC subsidiary shall obtain approval from SAFE to open a special foreign exchange account at a PRC domestic bank to hold the funds required in connection with the share purchase or option exercise, any returned principal or profits from sales of shares, any dividends issued on the shares and any other income or expenditures approved by SAFE. The PRC subsidiary is also required to obtain approval from SAFE to open an overseas special foreign exchange account at an overseas bank to hold overseas funds used in connection with any share purchase or option exercise. All proceeds obtained by PRC domestic individuals from sales of shares shall be remitted back to China after relevant overseas expenses are deducted. The foreign exchange proceeds from these sales can be converted into RMB or transferred to such individuals’ foreign exchange savings account after the proceeds have been remitted back to the special foreign exchange account opened at the PRC domestic bank. If the share option is exercised in a cashless exercise, the PRC domestic individuals are required to remit the proceeds to the special foreign exchange account.

Although further clarification is required as to how the Share Option Rule will be interpreted or implemented, we believe that if we were to adopt such a plan, we and our PRC employees who have been granted share options will be subject to the Share Option Rule when our company becomes an overseas listed company. If we or our PRC employees fail to comply with the Share Option Rule, we and/or our PRC employees may face sanctions imposed by foreign exchange authority or any other PRC government authorities.

 
In addition, the SAT issued circulars concerning employee share options in 2005. Under these circulars, our employees working in the PRC who exercise share options will be subject to PRC individual income tax. Our PRC subsidiaries have obligations to file documents relating to employee share options with relevant tax authorities and withhold individual income taxes of those employees who exercise their share options. If our employees fail to pay and we fail to withhold their income taxes, we may face sanctions imposed by tax authorities or other PRC government authorities.

Given the complexity and breadth of the PRC regulations, there are no assurances that we are in compliance with all applicable regulations.


 
- 6 -
 
 


Employees

As of May 6, 2013, we had 126 full-time, salaried employees who are all located in China. Our employees are organized into a union under the labor laws of China and receive labor insurance. These employees can bargain collectively with us. We believe we maintain good relations with our employees.

We are required to contribute a portion of our employees’ total salaries to the Chinese government’s social insurance funds, including medical insurance, unemployment insurance and job injuries insurance, and a housing assistance fund, in accordance with relevant regulations.

History of our company

We were incorporated in the State of Florida in March 1999 originally under the name ValuSALES, Inc. In November 2001 we changed our name to Video Without Boundaries, Inc.

In August 2006 we changed our name to MediaREADY, Inc. in an effort to provide better corporate branding for our company.

On December 31, 2007, and pursuant to a January 28, 2008 amendment, we entered into an agreement with Shandong Jiajia and its sole shareholders Messrs. Hui Liu and Wei Chen, pursuant to which we acquired a 51% interest in Shandong Jiajia. At closing, we issued Messrs. Liu and Chen an aggregate of 1,000,000 shares of our Series A Convertible Preferred Stock and we agreed to contribute $1,040,816 to increase the registered capital of Shandong Jiajia and make available $959,184 to Shandong Jiajia for working capital purposes no later than April 30, 2008:

As contemplated by the acquisition agreement for Shandong Jiajia, on March 20, 2008 we entered into a conversion agreement with Mr. V. Jeffrey Harrell, then our CEO and President, which converted $448,985 of accrued compensation due him into 581,247 shares of our common stock at an effective conversion price of $0.77245 per share. In addition and as also contemplated by the terms of the acquisition agreement for Shandong Jiajia, on March 20, 2008 we entered into a conversion agreement with Mr. Aubel whereby he converted a $2,521,380 loan due him by us into 2,864,606 shares of our common stock at an effective conversion price of $0.88 per share.

As of the settlement date in March 2008, Mr. Aubel was owed $2,521,379 by us, an increase in the amount owed from September 30, 2007 resulting from additional advances made by Mr. Aubel, reduced by the issuance of 250,000 shares during the interim period. The final conversion price of Mr. Aubel’s note was $0.88 per share, resulting from the final note balance of $2,521,380 divided by an agreed upon fixed number of shares of 2,864,606 ($2,521,380/2,864,606 =$0.88 per share). The fair market value of our common stock on March 31, 2008 was $0.85 per share.

In connection with the acquisition of Shandong Jiajia, we issued Capital One Resource Co., Ltd., a subsidiary of CD International Enterprises, Inc. (formerly known as China Direct Industries, Inc.) 450,000 shares of Series B Convertible Preferred Stock valued at $3,780,000, and Mr. Weidong Wang 35,000 shares of Series B Preferred Stock valued at $294,000, as compensation for assistance in the transaction. In addition, we agreed to issue an aggregate of 352,500 shares of Series B Convertible Preferred Stock valued at $2,961,000 to Dragon Venture (Shanghai) Capital Management Co., Ltd. as finder's fees. Dragon Venture (Shanghai) Capital Management Co., Ltd. is a subsidiary of Dragon Capital Group Corp. (Pink Sheets: DRGV). Mr. Lawrence Wang, the CEO of Dragon Capital Group Corp., is the brother of Dr. James Wang, the CEO of CD International Enterprises, Inc. CD International Enterprises, Inc. owned approximately 20% of the issued and outstanding shares Dragon Capital Group Corp. In January 2008 we amended the finder’s agreement with Dragon Venture (Shanghai) Capital Management Co., Ltd. to reduce the fee to 240,000 shares of Series B Convertible Preferred Stock which were valued at $2,016,000. Finally, in June 2008, we issued CD International Enterprises, Inc. an additional 450,000 shares of our Series B Convertible Preferred Stock valued at $3,780,000 as compensation for its services under the terms of a December 31, 2007 consulting agreement.

On January 28, 2008 the acquisition agreement was amended to provide that as additional consideration we issued Mr. Chen 120,000 shares of our Series B Convertible Preferred Stock with a fair value of $960,000 and three year purchase warrants to purchase an additional 2,000,000 shares of our common stock at an exercise price of $0.30 per share with a fair value of $480,000.

In March 2008, we changed our name to China Logistics Group, Inc.
 
ITEM 1.A                     RISK FACTORS.

An investment in our common stock involves a high degree of risk.  You should carefully consider the risks described below, together with all of the other information included in this report, before making an investment decision, and you should only consider an investment in our common stock if you can afford to sustain the loss of your entire investment.  You should carefully consider the risks described below together with all of the other information included in this report before making an investment decision with regard to our securities. If any of the following risks actually occurs, our business, financial condition or results of operations could be harmed. In that case, the trading price of our common stock could decline, and you may lose all or part of your investment.

 
- 7 -
 
 
 
Risks Related to Our Business
 
The restatement of our consolidated financial statements may affect shareholder confidence, may consume a significant amount of our time and resources and may have a material adverse effect on our business and stock price.

As discussed in Note 11 of the Notes to Consolidated Financial Statements contained elsewhere in this report, we have issued a restatement on our 2011 audited consolidated financial statements. Additionally, we will restate our consolidated audited financial statements for the years ended December 31, 2010 and 2009. We cannot be certain that the measures we have taken since we completed the restatement process will ensure that restatements will not occur in the future, particularly given the material weaknesses in our disclosure controls and internal control over financial reporting. The restatements may affect investor confidence in the accuracy of our financial reporting and disclosures, may raise reputational issues for our business and may result in a decline in share price and shareholder lawsuits related to the restatements.
 
Our sales decline 7% in 2012 from 2011, we have a history of reporting operating losses and our margins are low

We have historically incurred operating losses, as well as a shareholders’ deficit. Our sales declined 7% in 2012 from 2011.  While we were able to increase our gross margin in 2012 to 5% from 2% in 2011, we continue to operate on very small gross profit margins and our sales are not sufficient to pay our operating expenses. For 2012 and 2011, we reported operating losses of $0.8 million and $1.0 million, respectively, and at December 31, 2012 we had an accumulated deficit of approximately $20.2 million. While we had working capital deficit of $0.3 million at December 31, 2012, we had cash of $2.4 million which our management believes is sufficient to fund our operations for the next 12 months. However, unless we are able to either significantly increase our gross profit margin or significantly reduce our operating expenses, we will in all likelihood continue to report operating losses. Given the competitive environment in which we operate and the trend of decreasing margins, there are no assurances that we will ever achieve operating profitability in the future.

The terms of the 12% convertible promissory note due in October 2013 could adversely impact our company and our shareholders.

In February 2013, we borrowed $27,000 from an unrelated third party under the terms of a 12% convertible promissory note.  This note is convertible at the option of the holder into shares of our common stock based upon a variable conversion price which is initially 70% of the market price of our common stock as calculated in accordance with the terms of the note. This conversion price is subject initially to a $0.0255 per share floor, however, we are required to maintain certain closing prices for our common stock or this floor price terminates. In addition, under the terms of the note we agreed to not take certain actions, and the conversion price is subject to adjustment if we should issue shares of our common stock or common stock equivalents at a per share price less than the then conversion price. The terms of this note could prevent us from engaging in certain transactions while the note is outstanding, and the conversion of the note will be dilutive to our shareholders. In addition, as a result of the terms of the note we will begin recognizing derivative liability expense during the first quarter of 2013. These non-cash expenses could materially impact our financial results in future periods.

We enter into a number of related party transactions which are not negotiated on an arm-length basis. In addition, we have been dependent upon advances from related parties to provide working capital and there are no assurances these advances will continue.
 
In addition to leasing certain office space from related parties, we also advance funds to and borrow funds from, related parties. At December 31, 2012 and 2011, we were owed $0 and $630,465 from related parties, respectively. These advances are unsecured, non-interest bearing and due on demand. During 2012, we recorded bad debt expense – related party of $286,732 in connection with the write-off amounts due from Shandong Huibo Import & Export Co., Ltd., a related party. In addition, at December 31, 2012 and 2011, we owed $1 million and $1.4 million, respectively, to related parties. None of these transactions, are negotiated on an arms-length basis. There are no assurances that the lease terms we may be able to negotiate with third parties would not be more favorable to us than those extended by related parties.The making of advances to related parties by us may adversely impact our cash needs in future periods, and there are no assurances that these related parties will continue to advance funds to us for our working capital needs.
 
We have a history of making interest free loans to strategic partners.  If these loans are not repaid, our liquidity will be adversely impacted.

From time to time, we advance working capitals to unrelated key customers and strategic partners who refer businesses to us. Generally, the advances are short term demand notes which are unsecured and non-interest bearing. We have not established a reserve for these loans as historically all such loans have been repaid on a timely basis. These advances amounted to approximately $0 and $630,465 at December 31, 2012 and 2011, respectively.  If any of these loans should not be repaid on a timely basis, our working capital will be further depleted which would adversely impact our operations in future periods.


 
- 8 -
 
 

We are dependent on third parties for equipment and services essential to operate our business, and we could lose customers and revenues if we fail to secure this equipment and these services.

We are a non-asset based freight forwarding company and we rely on third parties to transport the freight we have arranged to ship. Thus, our ability to forward this freight and the costs we incur in connection therewith is dependent upon our ability to find carriers willing to ship such freight at acceptable prices. This, in turn, depends on a number of factors beyond our control, including availability of cargo space, which depends on the season of the year, the shipment’s transportation lane, the number of transportation providers and the availability of equipment. An increase in the cost of cargo space due to supply shortages, increases in fuel cost or other factors would increase costs and may reduce our profits, which will adversely impact our results of operations in future periods.

We rely on overseas cargo agents to provide services to us and to our customers, and our ability to conduct business successfully may be affected if we are unable to maintain our relationships with these overseas cargo agents.

We rely on the services of independent cargo agents, who may also be providing services to our competitors, which may include consolidating and deconsolidating various shipments. Although we believe our relationships with our cargo agents are satisfactory, we may not be able to maintain these relationships. If we were unable to maintain these relationships or develop new relationships, our service levels, operating efficiency, future freight volumes and operating profits may be reduced which will adversely impact our results of operations in future periods.

We incur significant credit risks in the operation of our business which could reduce our operating profits.

Various aspects of freight forwarding involve significant credit risks. It is standard practice for exporters to expect freight forwarders to offer 30 days or more credit on payment of their invoices from the time cargo has been delivered for shipment. Competitive conditions require that we offer 30 days or more credit to many of our customers. We endeavor to maintain tight credit controls and to avoid doing business with customers we believe may not be creditworthy. However, we have in the past incurred losses for some customers to whom we extended credit and either delayed their payments to us or became unable or unwilling to pay our invoices after we completed shipment of their goods or rendered other services to them. Future bad debt losses will adversely impact our results of operations and further deteriorate our working capital deficit.In the fourth quarter of 2012, we changed our estimate of uncollectible accounts receivable. We reviewed the accounts receivable on a periodic basis and make general and specific allowances when there is doubt as to the collectability of individual balances. After evaluating the collectability of individual receivable balances, and accordingly, we increased our allowance for doubtful accounts on accounts receivable by $933,554. We will continue to perform ongoing credit evaluations of our customers to help reduce credit risk.

Risks Related to Doing Business in China

PRC economic, political and social conditions, as well as changes in any government policies, laws and regulations, could adversely affect the overall economy in China or the real estate development market, which could harm our business.

All of our operations are conducted in China, and all of our net revenues are derived from China. Accordingly, our business, financial condition, results of operations, prospects and certain transactions we may undertake are subject, to a significant extent, to economic, political and legal developments in China. The PRC economy differs from the economies of most developed countries in many respects, including the amount of government involvement, level of development, growth rate, control of foreign exchange and allocation of resources. While the PRC economy has experienced significant growth in the past two to three decades, growth has been uneven, both geographically and among various sectors of the economy. Demand for our services and products depends, in large part, on economic conditions in China. Any slowdown in China’s economic growth may cause a decrease in real estate development, which in turn could reduce our net revenues.

Although the PRC economy has been transitioning from a planned economy to a more market-oriented economy since the late 1970s, the PRC government continues to play a significant role in regulating industry development by imposing industrial policies. The PRC government also exercises significant control over China’s economic growth through allocating resources, controlling the incurrence and payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular industries or companies. Changes in any of these policies, laws and regulations could adversely affect the economy in China or the real estate development market, which could harm our business. The PRC government has implemented various measures to encourage foreign investment and sustainable economic growth and to guide the allocation of financial and other resources, which have for the most part had a positive effect on our business and growth. However, we cannot assure you that the PRC government will not repeal or alter these measures or introduce new measures that will have a negative effect on us. China’s social and political conditions may also not be as stable as those of the United States and other developed countries. Any sudden changes to China’s political system or the occurrence of widespread social unrest could have a material adverse effect on our business and results of operations.

 
- 9 -
 
 

Uncertainties with respect to the PRC legal system could harm us.

Our operations are located in China and are governed by PRC laws and regulations. The PRC legal system is a civil law system based on written statutes. Unlike common law systems, prior court decisions have limited precedential value.  We are generally subject to laws and regulations applicable to foreign investments in China and, in particular, laws applicable to wholly foreign-owned enterprises. Since 1979, PRC legislation and regulations have significantly enhanced the protections afforded to various forms of foreign investments in China. However, China has not developed a fully integrated legal system and recently-enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. In particular, because these laws and regulations are relatively new, and because of the limited volume of published decisions and their nonbinding nature, the interpretation and enforcement of these laws and regulations involve uncertainties. In addition, the PRC legal system is based in part on government policies and internal rules (some of which are not published on a timely basis or at all) that may have a retroactive effect. As a result, we may not be aware of our violation of these policies and rules until some-time after the violation has occurred. Moreover, some regulatory requirements issued by certain PRC government authorities may not be consistently applied by other government authorities, including local government authorities, thus making strict compliance with all regulatory requirements impractical, or in some circumstances, impossible. In addition, any litigation in China may be protracted and result in substantial costs and diversion of resources and management attention.

Restrictions on currency exchange may limit our ability to receive and use our revenue effectively.

Because all of our revenue is denominated in RMB, restrictions on currency exchange may limit our ability to use revenue generated in RMB to fund any business activities we may develop in the future outside of China or to make dividend payments to our shareholders in U.S. dollars. The principal regulation governing foreign currency exchange in China is the Foreign Currency Administration Rules (1996), as amended. Under these rules, RMB is freely convertible for trade and service-related foreign exchange transactions, but not for direct investment, loan or investment in securities outside China unless the prior approval of SAFE is obtained. Although the PRC government regulations now allow greater convertibility of RMB for current account transactions, significant restrictions still remain. For example, foreign exchange transactions under our subsidiaries capital accounts, including principal payments in respect of foreign currency-denominated obligations, remain subject to significant foreign exchange controls. These limitations could affect our ability to obtain foreign exchange for capital expenditures. We cannot be certain that the PRC regulatory authorities will not impose more stringent restrictions on the convertibility of RMB, especially with respect to foreign exchange transactions.

A slowdown in the Chinese economy or an increase in its inflation rate may adversely impact our revenues.

We cannot assure you that growth of the Chinese economy will be steady, that inflation will be controllable or that any slowdown in the economy or uncontrolled inflation will not have a negative effect on our business. Several years ago, the Chinese economy experienced deflation, which may recur in the future. More recently, the Chinese government announced its intention to continuously use macroeconomic tools and regulations to slow the rate of growth of the Chinese economy, the results of which are difficult to predict. Adverse changes in the Chinese economy will likely impact the operations of a variety of industries in China that use or would be candidates to use our services.

Fluctuations in the value of the RMB may have a material adverse effect on your investment.

The change in value of the RMB against the U.S. dollar and other currencies is affected by, among other things, changes in China’s political and economic conditions. On July 21, 2005, the PRC government changed its decade-old policy of pegging the value of the RMB to the U.S. dollar. Under the current policy, the RMB is permitted to fluctuate within a narrow and managed band against a basket of certain foreign currencies. This change in policy has resulted in an approximately 23.2% appreciation of the RMB against the U.S. dollar between July 21, 2005 and December 31, 2012. Recently, the PRC has decided to proceed further with reform of the RMB exchange regime and to enhance the RMB exchange rate flexibility. There remains significant international pressure on the PRC government to adopt a more flexible currency policy, which could result in a further and more significant adjustment of the RMB against the U.S. dollar.

Under EIT Law, our company has been classified as a “resident enterprise” of the PRC. Such classification could result in tax consequences to us and our non-PRC resident shareholders.

Under the EIT Law, enterprises are classified as resident enterprises and non-resident enterprises. An enterprise established outside of China with “de facto management bodies” within China is considered a “resident enterprise” meaning that it can be treated in a manner similar to a Chinese enterprise for enterprise income tax purposes. The implementing rules of the EIT Law define “de facto management bodies” as a managing body that in practice exercises “substantial and overall management and control over the production and operations, personnel, accounting, and properties” of the enterprise; Our company has been deemed to be a “resident enterprise. “As a result, for PRC enterprise income tax purposes, a number of PRC tax consequences could follow. Prospective investors should consult with their own tax advisors regarding the applicability of any such taxes, the effects of any applicable income tax treaties, and any available foreign tax credits.

 
- 10 -
 
 

We face risks related to natural disasters and health epidemics in China, which could have a material adverse effect on our business and results of operations.

Our business could be materially adversely affected by natural disasters or the outbreak of health epidemics in China. For example, in May 2008, Sichuan Province suffered a strong earthquake measuring approximately 8.0 on the Richter scale that caused widespread damage and casualties. In addition, in the last decade, the PRC has suffered health epidemics related to the outbreak of avian influenza and severe acute respiratory syndrome, or SARS. A renewed outbreak of SARS or another widespread public health problem, including the new strain of bird flu in the PRC which has recently resulted in deaths in the PRC, could significantly harm our operations. Our operations may be adversely impacted by a number of health-related factors, including quarantines or closures of our locations or those of our customers or potential customers. Any of the foregoing events or other unforeseen consequences of public health problems could significantly harm our operations.

Under PRC laws, arrangements and transactions among related parties may be subject to a high level of scrutiny by the PRC tax authorities.

Under PRC laws, arrangements and transactions among related parties may be subject to audit or challenge by the PRC tax authorities. Under the Regulation on the Implementation of the EIT Law of the PRC, the “related party” means the enterprises, other organizations or individuals that have any of the following relations with an enterprise:

 
•
direct or indirect control relationship with respect to capital, management, sale or purchase, etc.;
 
•
directly or indirectly controlled by a common third-party;
 
•
any other relationship of interest.

We engage in a number of transactions with related parties. If any of the transactions we enter into with related parties are found not to be on an arm’s-length basis, or to result in an unreasonable reduction in tax under PRC law, the PRC tax authorities have the authority to disallow any tax savings, adjust the profits and losses of such possible future PRC entities and assess late payment interest and penalties. A finding by the PRC tax authorities that we are ineligible for any such tax savings would in all likelihood substantially increase our possible future taxes and thus reduce our net income in future periods.

Risks related to our common stock

Our common stock is quoted in the over-the counter markets on the OTC Pink level, an inter-dealer electronic quotation and trading system maintained by OTC Markets, which may have an unfavorable impact on our stock price and liquidity.

Our common stock is quoted on OTC Pink level of the OTC Markets which is a significantly more limited market than established trading markets such as the New York Stock Exchange or NASDAQ. The quotation of our shares on the OTC Pink  level of the OTC Markets may result in a less liquid market available for existing and potential shareholders to trade shares of our common stock, could depress the trading price of our common stock and could have a long-term adverse impact on our ability to raise capital in the future.
 
Due to recent Chinese accounting scandals, the price of our common stock might fluctuate significantly and if our stock price drops sharply, we may be subject to shareholder litigation, which could cause our stock price to fall further.

In the past few months, there have been well-publicized accounting problems at several U.S.-listed Chinese companies that have resulted in significant drops in the trading prices of their shares and, in some cases, have led to the resignation of outside auditors, trading halts or share delistings by NASDAQ or the New York Stock Exchange, and investigations by the Division of Enforcement of the Securities and Exchange Commission. Many, but not all, of the companies involved in these scandals had entered the U.S. trading market through “reverse mergers” into publicly traded shells. The scandals have had a broad effect on Chinese companies with shares listed or quoted in the United States.  Because we were a shell company which has undertaken a reverse merger with a PRC-based company, past or future accounting scandals in other Chinese companies could have a material adverse effect on the market for shares of our common stock and the interest of investors in our company or generally in PRC companies.  In this event, the fluctuations in the market prices of our common stock could result in decreased liquidity and/or declining stock prices unrelated to our results of operation or business. In addition, as set forth in the risk factor immediately below, we do not have any audit committee financial experts on our Board of Directors and, accordingly, the risk of future errors in our financial statements is increased.

If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, we may not be able to accurately report our financial results. As a result, current and potential shareholders could lose confidence in our financial reporting, which would harm our business and result in a restatement of our financial statements.

Our management has determined that as of December 31, 2012, we did not maintain effective disclosure controls or effective internal control over financial reporting as a result of identified material weaknesses in our internal control over financial reporting described later in this report. There are no assurances that these material weaknesses will not result in errors in our financial statements in future periods. If we are required to restate our financial statements, we will incur additional costs and could be subject to litigation.


 
- 11 -
 
 


A significant portion of our common stock is held by our management which enables them to influence many significant corporate actions and in certain circumstances may prevent a change in control that would otherwise be beneficial to our shareholders.

As of May 6, 2013, our management controls the voting of approximately 31% of our outstanding shares of common stock. These shareholders, acting together, could have a substantial impact on matters requiring the vote of the shareholders, including the election of our directors and most of our corporate actions. This control could delay, defer or prevent others from initiating a potential merger, takeover or other change in our control, even if these actions would benefit our shareholders and us and this control could adversely affect the voting and other rights of our other shareholders.

The tradability of our common stock is limited under the penny stock regulations which may cause the holders of our common stock difficulty should they wish to sell the shares.

Because the quoted price of our common stock is less than $5.00 per share, our common stock is considered a “penny stock” and trading in our common stock is subject to the requirements of Rule 15g-9 under the Securities Exchange Act of 1934. Under this rule, broker/dealers who recommend low-priced securities to persons other than established customers and accredited investors must satisfy special sales practice requirements. The broker/dealer must make an individualized written suitability determination for the purchaser and receive the purchaser’s written consent prior to the transaction.

SEC regulations also require additional disclosure in connection with any trades involving a “penny stock” including the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and its associated risks. These requirements severely limit the liquidity of securities in the secondary market because few brokers or dealers are likely to undertake these compliance activities and this limited liquidity will make it more difficult for an investor to sell his shares of our common stock in the secondary market should the investor wish to liquidate the investment. In addition to the applicability of the penny stock rules, other risks associated with trading in penny stocks could also be price fluctuations and the lack of a liquid market.

The exercise of outstanding warrants and the possible conversion of our convertible debt will be dilutive to our existing shareholders.

At May 6, 2013 we had 58,429,090 shares of our common stock issued and outstanding and the following securities, which are convertible or exercisable into additional shares of our common stock, were outstanding:

 
•
3,016,760 shares of our common stock issuable upon the possible conversion of 12% convertible note in the amount of $27,000 which is due in October 2013; and
 
•
31,558,500 shares of our common stock issuable upon the exercise of common stock purchase warrants with an exercise price of $0.20 per share which expired in April 2013 and which are exercisable on a cashless basis.

           The number of shares we may issue upon the conversion of the 12% convertible not could be substantially higher based upon the terms of the note which do not provide for a fixed conversion price. In the event of the exercise of the warrants and/or the conversion of the 12% convertible note, the number of our outstanding common stock will increase by approximately 59%and will have a dilutive effect on our existing shareholders. In addition, while the outstanding warrants are exercisable on a cashless basis, given that the exercise price is significantly above the market price of our common stock, we do not expect that the cashless exercise feature of these warrants will have any impact on us.
 
You may suffer significant dilution if we raise additional capital.

If we need to raise additional capital to expand or continue operations, it may be necessary for us to issue additional equity or convertible debt securities. If we issue equity or convertible debt securities, our net tangible book value per share may decrease, and the percentage ownership of our current stockholders would be diluted, and any equity securities we may issue may have rights, preferences or privileges senior or more advantageous to our common stockholders.

ITEM 1B.                      UNRESOLVED STAFF COMMENTS.
 
Not applicable to a smaller reporting company.
 

 
- 12 -
 
 


ITEM 2.                        DESCRIPTION OF PROPERTY.

We lease approximately 7,008 square feet of office space from Mr. Wei Chen, our Chairman and CEO, at 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011 which serves as our principal executive offices under a lease which expires on May 31, 2013.  Under the terms of this lease we pay Mr. Chen RMB 25,000 (approximately $3,966) per month in rent. We also pay a property management fee to an unrelated party of approximately RMB 11,719 (approximately $1,859) per month in connection with this lease. We plan on renewing the lease pursuant to the same term.
 
Previously, our China headquarters occupied approximately 2,368 square feet of leased office space in Qingdao, China, which was leased from an unrelated third party under a lease expiring on January 31, 2012 at an annual rental obligation of RMB 223,234 (approximately $33,823). In May 2012, we relocated our China headquarters office to 20 Hong Kong Zhong Road, Golden Plaza, North Mansion, Suite 607, Qingdao, China. The new headquarters occupies approximately 1,830 square feet which is leased from an unrelated third party under a lease expiring on May 9, 2014. The annual rent of first year is approximately $24,610(RMB 155,124), including property management fee $12,305 (RMB77, 562). The annual rent for the second year is approximately $25,590 (RMB 161,328), including the management fee which is approximately $12,791 (RMB 80,664).
 
We also rent various office spaces throughout China as set forth in the following table. The U.S. dollar amounts have been estimated based on current exchange rates.
 
Location
  
Approximate Square Feet
  
Annual Rent
  
Expiration of Lease
Xiamen Branch, Xiamen City, Fujian Province (1)
    
1,026
  
$1,713(RMB 10,800)
  
December 31, 2013
Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)
    
1,184
  
$4,759(RMB 30,000)
  
March 14, 2014
Tianjin Branch, Tianjin City (3)
    
2,088
  
$15,611(RMB 98,400)
  
April 30, 2013

 
(1)           We lease the offices for our Xiamen Branch from Mr. Xiangfen Chen, its General Manager.
 
(2)           We lease the offices for our Lianyuangang Branch from an unrelated third party. This lease expired on March 15, 2013, and the annual rent is $4,759. The lease agreement has been renewed to March 14, 2014 with an annual rent of $4,759. The annual rental fee was prepaid on April 10, 2013.
 
(3)           We lease the offices for our Tianjin Branch from Mr. Bin Liu, its General Manager. Mr. Bin Liu orally agreed to renew the lease pursuant to the same terms.
 

ITEM 3.                      LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

ITEM 4.                      MINE SAFETY DISCLOSURES.

Not applicable to our company.


 
- 13 -
 
 

PART II


ITEM 5.                      MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Price of and Dividends on Common Equity and Related Shareholder Matters

 Our common stock is quoted on the OTC Pink level of the OTC Markets under the symbol “CHLO.” The reported high and low last sale prices for the common stock are shown below for the periods indicated. The quotations reflect inter-dealer prices, without retail mark-up, markdown or commission, and may not represent actual transactions.
 
   
2011
    
2012
    
2013
  
   
High
    
Low
    
High
    
Low
    
High
    
Low
  
First quarter
   $ 0.18     $ 0.07     $ 0.04     $ 0.02     $ 0.12     $ 0.01  
Second quarter
   $ 0.14     $ 0.06     $ 0.02     $ 0.01       -       -  
Third quarter
   $ 0.06     $ 0.02     $ 0.01     $ 0.0022       -       -  
Fourth quarter
   $ 0.07     $ 0.01     $ 0.01     $ 0.0025       -       -  
 
         The last sale price of our common stock as reported on the OTC Markets on May 9, 2013 was $0.02 per share.  As of May 6, 2013, there were approximately 228 record owners of our common stock.

Transfer Agent

The transfer agent for the common stock is Interwest Transfer Co., Inc. The transfer agent’s address is 1981 Murray Holladay Road, Suite 100, Salt lake City, UT 84117, and its telephone number is (801) 272-9294.

Dividend Policy

We have never paid cash dividends on our common stock. Payment of dividends will be within the sole discretion of our Board of Directors and will depend, among other factors, upon our earnings, capital requirements and our operating and financial condition. In addition, under Florida law we may declare and pay dividends on our capital stock either out of our surplus, as defined in the relevant Florida statutes, or if there is no such surplus, out of our net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. If, however, the capital of our company, computed in accordance with the relevant Florida statutes, has been diminished by depreciation in the value of our property, or by losses, or otherwise to an amount less than the aggregate amount of the capital represented by the issued and outstanding stock of all classes having a preference upon the distribution of assets, we are prohibited from declaring and paying out of such net profits and dividends upon any shares of our capital stock until the deficiency in the amount of capital represented by the issued and outstanding stock of all classes having a preference upon the distribution of assets shall have been repaired. In addition, as a result of Chinese laws our operating subsidiaries may be subject to restrictions on their ability to make distributions to us, including as a result of restrictions on the conversion of local currency into U.S. dollars, or other hard currency, and other regulatory restrictions. See Item 1. Description of Business – Government Regulation.

Unregistered Sales of Equity Securities and Use of Proceeds  

In February 2013, we issued 4,500,000 shares of our common stock in connection with the conversion by China Direct Investments, Inc., a subsidiary of CD International Enterprises, Inc. a related party, of 450,000 shares of Series B Convertible Preferred Stock. Immediately prior to the conversion, we waived the terms of the January 16, 2013 agreement between our company and CD International Enterprises, Inc. limiting the conversion of those shares, or the exercise Series A warrant held by it, if such conversion or exercise would result in it or its affiliates beneficially owning in excess of 9.99% of our common stock.  The recipient was an accredited investor and the issuance was exempt from registration under the Securities Act of 1933, as amended, based upon an exemption from registration under Section 3(a)(9) of that act.
 
On February 5, 2013, we issued and sold a $27,000 principal amount 12% convertible promissory note to Hanover Holding I, LLC (“Hanover") pursuant to the terms of a Securities Purchase Agreement. The note bears interest at the rate of 12% per annum and the principal and all accrued but unpaid interest is due on October 5, 2013.  Hanover is entitled, at its option, at any time after the issuance of this note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into shares of our common stock at a variable conversion price equal to a 70% multiplied by the average of the two lowest VWAPs in the 10 trading days prior to the day that Hanover requests conversion. For the purposes of the note, “VWAP" generally means the volume weighted average price of our common stock on the OTC Bulletin Board. The ability of Hanover to convert all or any portion of the note is limited to the extent that (i) the number of shares of our common stock beneficially owned by Hanover and its affiliates and (ii) the number of shares of our common stock issuable upon the conversion of the note would result in the beneficial ownership by Hanover and its affiliates of more than 4.99% of our then outstanding common stock. This provision, however, may be waived by Hanover upon 61 days' notice to us.

 
- 14 -
 
 
 
If our common stock is chilled for deposit by DTC and/or becomes chilled at any point while the Securities Purchase Agreement remains in effect, an additional 8% discount will be attributed to the initial conversion price. The note also has a “FlexFloor”of per $0.0225 per share (the “Original Floor”). If the closing price of our common stock goes below the Original Floor, the conversion price is subject to further adjustment. For the Original Floor to remain at $0.0225 per share, the closing price of our common stock during the 10 business days be above the Original Floor for three consecutive trading days in order to maintain the Original Floor. If the closing price of our common stock does not satisfy those requirements, after the 10 business days, a new floor conversion price is set which is the equivalent of 50% of the lowest closing price in the same 10 business days (the "New Floor"). If the closing price of our common stock is below the New Floor, the closing price of our common stock will, once again, have l0 business days during which the price of the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor. The price of our stock will then be required to maintain a closing price above the New Floor. If the closing price of our common stock is not above the New Floor for three consecutive trading days in 10 business days after the price has closed below the New Floor, the “Flex Floor” will be eliminated and the conversion price will be determined based upon the VWAP formula described above.

The conversion price is subject to further adjustments in the event we make a major announcement and it contains a provision which is generally referred to as a “ratchet.” If we issue or sell any shares of our common stock or common stock equivalents for no consideration or for a consideration per share less than the conversion price then in effect, the conversion price is then automatically reduced to this lower price. We have the right to prepay the note during the first 90 days at 150% of the principal, accrued interest and any other amounts we may owe the holder under the terms of the note.

We also agreed to refrain from taking certain actions while the note is outstanding, including, making any dividends or other distributions, repurchasing any of our securities, incurring any indebtedness, other than to trade creditors or financial institutions, selling any significant portion of our assets, making any loans not in the ordinary course of business or not in excess of $100,000.

Upon an event of default, all principal and interest becomes immediately due and we begin incurring default interest at the rate of 22% per annum. An event of default includes:

 
•
failure to pay the note when due,
 
•
failure to covert the note upon notice from the holder,
 
•
a breach of any material covenant or other material term,
 
•
an assignment for the benefit of creditors, a judgment in excess of $50,000, the liquidation or dissolution of our company or the filing by us of bankruptcy,
 
•
the failure to maintain the quotation of our common stock on the OTCQB level of the OTC Markets,
 
•
the failure by our company to comply with the requirements of the Securities Exchange Act of 1934,
 
•
a restatement of our financial statements,
 
•
a reverse split of our common stock without a 20 day notice,
 
•
the replacement of our transfer agent, or
 
•
a cross default with other obligations among other events.

We paid a consulting fee of $2,600 to Equity Capital Investments and legal fees of $1,000 in this transaction.  We are using the net proceeds for working capital.

On February 6, 2013, CD International Enterprises, Inc. assigned certain loans and interest owed by us in the $50,952 to Magna Group LLC (“Magna”). In connection with this assignment, we entered into a Securities Purchase Agreement with Magna pursuant to which we offered and sold a $50,952 principal amount 6% convertible promissory note due on February 6, 2014. We paid consulting fees of $2,038 to Equity Capital Investments, Inc. and legal fees of $1,000 in this transaction.  The recipient was an accredited investor and the issuance was exempt from registration under the Securities Act of 1933, as amended, based upon an exemption from registration under Section 4(2) of that act. The terms of this note were substantially similar to the terms of the 12% convertible promissory note we entered into with Hanover, expect that the conversion price was equal to a 30% discount from the average of the two lowest VWAPs in the 10 days prior to conversion date.  In February 2013 and March 2013, Magna converted the outstanding principal amount and all accrued and unpaid interest into an aggregate of 2,420,887 shares of our common stock.
 
In connection with the assignment of the obligations we owed CD International Enterprises, Inc. under the terms of a Convertible Promissory Note Rider Agreement dated February 6, 2013, China Direct Investments, Inc., a subsidiary of CD International Enterprises, Inc., granted Magna a right of first refusal to purchase six promissory notes in the aggregate principal amount of $148,000 representing amounts we owe China Direct Investments, Inc.

On April 8, 2013, the Company and China Direct Investments, Inc. (“CDI") entered into a Convertible Note Agreement, providing for the issuance of the 4% Convertible Note in the principal amount of $82,143. The 4% convertible promissory note and all accrued interest is due on April8, 2014. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of four percent (4%) per annum from the due date thereof until the date of issuance. CDI is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 20% discount from the lowest Daily VWAPs in the 10 days prior to the day that CDI requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price").
 
- 15 -
 
 
 
Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

ITEM 6.                      SELECTED FINANCIAL DATA.

Not applicable to a smaller reporting company.

ITEM 7.                      MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following discussion should be read in conjunction with the information contained in our consolidated financial statements and footnotes in this report.  

OVERVIEW

We are a non-asset based international freight forwarder and logistics manager located in the PRC. We act as an agent for international freight and shipping companies. We sell cargo space and arrange international transportation via land, maritime, and air routes primarily for clients seeking to export goods from China. We are a non-asset based freight forwarder and we do not own any containers, trucks, aircraft or ships. We contract with companies owning these assets to provide transportation services required for shipping freight on behalf of our customers. Our headquarters are in Qingdao, China, and we have branches in Shanghai, Tianjin, Xiamen, and Lianyungang. We coordinate with agents in North America, Europe, South America, Australia, Asia, and Africa.

Our Performance

Our revenues for 2012 decreased by $1.7 million, or 7.0%, as compared to 2011.  Our gross profit margin increased to 5.3% in 2012 from 1.8% in 2011. Our operating expenses increased by 36.0% in 2012 to $2.0 million from $1.5 million in 2011. Our loss from operations was decreased by 23.1% in 2012 as compared to 2011. Our net loss in 2012 was $0.8 million as compared to net loss of $1.2 million in 2011. 
 
Our Outlook

Since 2012, affected by the unfavorable factors such as the European debt crisis, the recovery of the global economy and trading market has been very slow and the future remains uncertain. The international ocean freight forwarding market has been negatively impacted, especially by shipping capacity surplus and by the low price of shipping. 
 
Consistent with the growth of import volumes along with steady appreciation of the Chinese currency against U.S. dollar, we believe that the imports-related business in China will continue to emerge as a driving force in the Chinese freight forwarding industry in the coming decade. The industry is under pressure to make adjustments in operations and consolidate resources to cater to this gradual transformation in Chinese foreign trade. Our sales from the imports business accounted for approximately 9.9% and 5% of our total revenues in fiscal 2012 and 2011, respectively.

In 2012, we have seen a decrease in freight traffic volume and a decrease in our total sales revenues and we face a number of challenges in growing our business, many of which are beyond our control. We also foresee continued competition in the marketplace that may negatively impact our gross profit margin in future periods. 
 
While we believe the future of international ocean freight forwarding market is uncertain and faces huge challenges including continued global economic recovery, we believe we can grow our business in fiscal 2013, both domestically and in our major international markets. We have begun several initiatives in recent quarters to expand our business in an effort to capitalize on what we believe will be stronger areas in both the domestic and international freight forwarding markets.  In January of 2013 we initiated a plan to offer limited domestic trucking services dispatched from our Shanghai headquarters and plan to expand these services initially to clients in close geographic proximity to certain ports we currently service. We have also placed more emphasis on growing our freight forwarding services business to parts of South America.  We see South America as a potential source of growth for our business to the strong overall economic growth in the region coupled with China’s rapidly growing South American trade activity. We have also recently begun to explore plans to establish our own warehouse facility for international and domestic storage and logistics.  We believe this strategy would serve to complement its current international freight forwarding, logistics management, and trucking services. 
 
Restatement of 2011 consolidated financial statements

This report contains restated consolidated financial statements for the year ended December 31, 2011 from those as previously filed our Annual Report on Form 10-K for the year ended December 31, 2011 originally filed on March 28, 2012. As disclosed in our Current Report on Form 8-K as filed on May 13, 2013, we determined that there were errors in our 2011 consolidated financial statements related to understated accounts receivable, net, and advances to suppliers, understated accounts payable and accrued expenses and overstated beginning accumulated deficit. Please see Note 13 - Restatement contained in the Notes to Consolidated Financial Statements appearing later in this report which further describes the effect of this restatement.
 
- 16 -
 
 
 
RESULTS OF OPERATIONS

Sales Revenues

In 2012 the decrease in our sales revenues reflected a minimal decrease in shipping activities across all of China’s major shipping ports with respect to outbound container and cargo shipments. In addition, the minimal decrease in freight traffic volume was coupled with decreases in shipping rates due primarily to excess freight cargo capacity and lower pricing by shippers as a result of the slowdown in exports from the PRC due to sluggish global economy during the year of 2012.

Cost of Sales and Gross Profit Margin

Cost of sales, which represents the cost of the cargo space we obtain for our customers, decreased by $2.5 million in 2012 compared to 2011. Our gross margin was 5.3% in 2012 compared with 1.8% in 2011. The improved gross profit margin for the year of 2012 was primarily due to lower prices provided to us by freight carriers that more than offset the price decrease we extended to our customers as a result of the oversupply of freight cargo capacity originating from the PRC.

Total operating expenses

Operating expenses of $2.0 million in 2012 represent an increase of $0.5 million, or 36.0%, over 2011. The increase in 2012 was primarily due to an increase of $0.6 million in bad debt expense including additional allowances for bad debt on certain outstanding trade receivables and $0.3 million bad debt expense for related party receivables which offset by the bad debt recovery of $0.1 million. Based on our periodic review of accounts receivable balances, we adjusted the allowance for doubtful accounts after considering management’s evaluation of the collectability of individual receivable balances, including the analysis of subsequent collections, the customers’ collection history, and recent economic events.

Total other expense or income, net

Total other income (expenses), net, which consists of interest income and expense, non-operating income and expense items and other gains and losses not reflected within income from operations, resulted in a net other expense of $25,916 for the year ended 2012 as compared to net other expenses of $105,029 in 2011.

Corporate IncomeTaxes

Corporate income taxes of $0 in 2012 as compared to $17,670 in 2011 are based upon taxable income in the PRC.  We did not generate revenues in the U.S. in any period, as our U.S. operations consist of solely of corporate and administrative expenses associated with being a public company, stock-based compensation and other non-operating gains and losses.  The resulting net loss carryforward for U.S. tax purposes remains fully reserved with a valuation allowance, thus no income tax benefit is recorded.

Net Loss

As a result of the foregoing, our net loss was $0.8 million in 2012, as compared with $1.2 million in 2011.The decrease in net loss of $0.3 million for 2012 was primarily due to the higher gross margin offset by an increase in bad debt expense as discussed above.

Foreign currency translation gain (loss)

The functional currency of our subsidiaries operating in the PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements of our subsidiaries are translated to U.S. dollars using period end rates of exchange for assets and liabilities, and average rates of exchange (for the period) for revenues, costs, and expenses. As a result of these translations, which are a non-cash adjustment, we reported a foreign currency translation gain of $47,350 for 2012, as compared to a foreign translation loss $14,490 for 2011. This non-cash gain (loss) had the effect of increasing or decreasing our reported comprehensive loss.
 
Comprehensive loss

As a result of our foreign currency translation gains (loss), we had comprehensive loss for 2012 of $0.8 million, compared to $2 million for 2011.


 
- 17 -
 
 


LIQUIDITY AND CAPITAL RESOURCES

Liquidity is the ability of a company to generate adequate amounts of cash to meet its needs for cash requirements.  At December 31, 2012, we had cash on hand of $2.4 million as compared to $1.4 million at December 31, 2011. These funds are located in financial institutions located in the PRC.
 
We had a working capital deficit of $0.3 million at December 31, 2012 as compared to working capital  of $0.5 million at December 31, 2011, an increase in the working capital deficit of $0.8 million or 166%. The increase in the working capital deficit was primarily attributable to a decrease in accounts receivable due to an increase in our allowance for doubtful accounts of approximately $0.9 million and the collection of outstanding accounts receivable balances a decrease in amounts due from related parties of approximately $0.6 million partially due to the write off uncollectable amounts due from a related party of $0.3 million, and a decrease in other receivables, net of $0.2 million, offset by an increase in cash of $1.0 million and a decrease in accounts payable of $0.5 million, a decrease in accrued expenses and other current liabilities of $0.2 million, a decrease in advances from customers of $0.2 million and a decrease in due to related parties of $0.3 million.  
 
While there can be no assurances given the continued economic uncertainties, we believe that our cash on hand will be sufficient to fund our operations and satisfy our obligations for the next twelve months.  If, however, circumstances change regarding the overall export volumes currently being experienced at China’s shipping ports or if other economic factors beyond our control were to adversely impact our business, we may be required to raise additional capital.  We do not have any external sources of liquidity or commitments for any additional capital and have been relying on advances from related and unrelated parties to supplement our working capital needs.  If it were to become necessary for us to raise additional capital there are no assurances such funds will be available on terms that are acceptable to us, or at all.In addition, the terms of the 12% convertible promissory note due in October 2013 restrict our ability to enter into certain transactions.

The number of days’ sales outstanding of gross accounts receivable as of December 31, 2012 was 80 days, as compared to 63 days as of December 31, 2011.

From time to time, we lend working capitals to unrelated key customers and strategic partners who refer businesses to us. Generally, the loans are short term demand notes which are unsecured and non-interest bearing. We believe it is in our best interest to make these loans in order to build long-term relationships, encourage continued business, and benefit from additional referrals. The decision to make these loans is made by our senior management, subject to the availability of sufficient capital. We have not established a reserve for these loans as historically all such loans have been repaid on a timely basis. These amounts, which totaled $0.3 million and $0.6 million at December 31, 2012 and 2011, respectively, are reflected in other receivables. 

 Due from related parties were $0 and $0.6 million at December 31, 2012 and 2011, respectively. Due from related parties of $0.6 million in 2011 consisted of unsecured, non-interest bearing advances to Tianjin Sincere Logistics Co., Ltd. of $0.2 million,Shandong Huibo Import & Export Co., Ltd. of $0.4 million and Langyunbu of $0.1 million. These advances were payable on demand.

Accounts payable - trade decreased by $0.8 million primarily due to payments for previously accrued freight costs to shippers.

Accrued expense and other current liabilities decreased by $0.2 million due to the payment of these liabilities in the normal course of business. 

We engage in a number of transactions with related parties. Due to related parties represents amounts advanced for working capital, and amounts due our financial consultant, CD International Enterprises, Inc. for legal and accounting fees paid by them on our behalf and promissory notes for amounts lent to us for working capital.  Due to related parties decreased 22% at December 31, 2012 from December 31, 2011, primarily as a result of repayments of $0.1 million.

Cash Flow Analysis

  Net cash provided by operating activities in 2012 amounted to $1.0 million compared to $0.2 million in 2011.  The increase in net cash provided by operating activities in 2012 was primarily due to a $1.8 million decrease in accounts receivable due to collections on outstanding accounts receivable balance, offset by $0.5 million decrease in accounts payable due to payments on account for accrued freight costs.

 Net cash provided by investing activities for 2012 amounted to $0.3 million as compared to net cash used in investing activities of $7,827 in 2011; the increase of cash provided by investing activities is mainly due to the repayment of advance due from related parties of $0.3 million.

 Net cash used in financing activities was totaled of $0.3 million in 2012, compared to $0.1 million in 2011.  

 
- 18 -
 
 
 
We maintain cash balances in the United States and China. At December 31, 2012 and December 31, 2011, our cash by geographic area was as follows:

   
December 31, 2012
    
December 31, 2011
  
United States
  
$
-
      
0%
    
$
22,256
      
1.6%
  
China
    
2,414,507
      
100%
      
1,374,640
      
98.4%
  
   
$
2,414,507
      
100%
    
$
1,396,896
      
100%
  

All of our cash is held and will continue to be held in the form of RMB in bank accounts at financial institutions located in the PRC.  Cash held in banks in the PRC is not insured. The value of cash on deposit in the PRC of $2.4 million at December 31, 2012 has been converted based on the exchange rate as of December 31, 2012. 

Off Balance Sheet Arrangements
 
Under SEC regulations, we are required to disclose our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, such as changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. An off-balance sheet arrangement means a transaction, agreement or contractual arrangement to which any entity that is not consolidated with us is a party, under which we have:

 
•
  
Any obligation under certain guarantee contracts,
 
•
  
Any retained or contingent interest in assets transferred to an unconsolidated entity or similar arrangement that serves as credit, liquidity or market risk support to that entity for such assets,
 
•
  
Any obligation under a contract that would be accounted for as a derivative instrument, except that it is both indexed to our stock and classified in stockholder’s equity in our statement of financial position, and
 
•
  
Any obligation arising out of a material variable interest held by us in an unconsolidated entity that provides financing, liquidity, market risk or credit risk support to us, or engages in leasing, hedging or research and development services with us.

We do not have any off-balance sheet arrangements that we are required to disclose pursuant to these regulations. In the ordinary course of business, we enter into operating lease commitments, purchase commitments and other contractual obligations. These transactions are recognized in our financial statements in accordance with U.S. GAAP.

Critical Accounting Policies and Estimates
 
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the reported periods.  The more critical accounting estimates include estimates related to the allowance for doubtful accounts and the valuation of warrants that are deemed to be not indexed to our common stock.  We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are significant to understanding our results, which are described in Note 2 to our consolidated financial statements. 

Revenue Recognition 

In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.  

In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.  We provide transportation services, generally under contract, by third parties with whom we have contracted these services.  We typically recognize revenue in connection with our freight forwarding service when the payment terms are as follows:

 
•
  
when the cargo departs the shipper's destination if the trade pricing term is on a CIF (cost, insurance and freight) or CFR (cost and freight) basis;
 
•
  
when merchandise arrives at the destination port if the trade pricing term is on a FOB (free on board) basis.


 
- 19 -
 
 


Allowance for Doubtful Accounts

The allowance for doubtful accounts is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers and knowledge of our industry segment in Asia. This evaluation process resulted in recognizing increase in our allowance for doubtful accounts of $0.9 million and bad debt expense of $0.8 million. Bad debt expense was offset by $0.1 million of bad debt recovery 
  
Contractual Obligations and Off-Balance Sheet Arrangements
 
Contractual Obligations
 
We have certain fixed contractual obligations and commitments that include future estimated payments. Changes in our business needs, cancellation provisions, changing interest rates, and other factors may result in actual payments differing from the estimates. We cannot provide certainty regarding the timing and amounts of payments. We have presented below a summary of the most significant assumptions used in our determination of amounts presented in the tables, in order to assist in the review of this information within the context of our consolidated financial position, results of operations, and cash flows. The following tables summarize our contractual obligations as of December 31, 2012 (dollars in thousands), and the effect these obligations are expected to have on our liquidity and cash flows in future periods.

   
Payments Due by Period
  
Contractual obligations:
  
Total
    
Less than 1 year
    
1-3 years
    
3-5 years
    
5+ years
  
Due to related parties
   $ 1,051     $ 1,051     $ -     $ -     $ -  
Operating lease obligations
     76       66       10       -       -  
Total
   $ 1,127     $ 1,117     $ 10     $ -     $ -  

 
(1)
Due to related parties includes $410,078 of loans and related interest due to CD International Enterprises, Inc. which currently due on demand.


ITEM 7A.                      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable for a smaller reporting company.

ITEM 8.                       FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

Please see our consolidated financial statements beginning on page F-1 of this annual report.


ITEM 9                      CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

On January 15, 2013, we were informed by our independent registered public accounting firm, Sherb & Co., LLP ("Sherb"), that it has combined its practice with RBSM LLP effective January 1, 2013. As a result of the combination and upon notice by Sherb to us, on that date Sherb in effect resigned as our independent registered public accounting firm and RBSM LLP became our independent registered public accounting firm. The engagement of RBSM LLP as our independent registered public accounting firm was ratified and approved by the Board of Directors on February 8, 2013.

 
- 20 -
 
 



The principal accountant's reports of Sherb on our financial statements as of and for the two years ended December 31, 2011 and 2010 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles. During the two years ended December 31, 2011 and 2010 and through the date of the Current Report on Form 8-K which we filed with the SEC disclosing the change of auditors, there were no disagreements with Sherb on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which if not resolved to Sherb's satisfaction would have caused it to make reference thereto in connection with its reports on the financial statements for such years. During the two years ended December 31, 2011 and through the date of the Current Report on Form 8-K, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K. During the two years ended December 31, 2011 and through the date of the Current Report on Form 8-K, we did not consult with RBSM LLP with respect to any of (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on our financial statements; or (iii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or an event of the type described in Item 304(a)(1)(v) of Regulation S-K.

ITEM 9A.                      CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures.  We maintain “disclosure controls and procedures” as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"). In designing and evaluating our disclosure controls and procedures, our management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of disclosure controls and procedures are met.  Additionally, in designing disclosure controls and procedures, our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures.  The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.  Based on his evaluation as of the end of the period covered by this Annual Report on Form 10-K, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were not effective such that the information relating to our company, required to be disclosed in our Securities and Exchange Commission reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure as a result of material weaknesses in our control over financial reporting described below.

Management’s Report on Internal Control Over Financial Reporting
 
Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting includes those policies and procedures that:

 
•
pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;
 
•
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and
 
•
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Under the supervision and with the participation of our management, including our CEO and CFO, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission. Based on that evaluation, our management concluded that, due to the material weaknesses described below, our internal control over financial reporting was not effective as of December 31, 2012.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements would not be prevented or detected on a timely basis.

The specific material weaknesses identified by our management relates to our inadequate number of personnel with the requisite expertise in U.S. GAAP to ensure the proper application thereof. Although our accounting staff is professional and experienced in accounting requirements and procedures generally accepted in the PRC, management has determined that they require additional training and assistance in U.S. GAAP matters. Management has determined that our internal audit function is also significantly deficient due to insufficient qualified resources to perform internal audit functions. Finally, management determined that the lack of an Audit Committee of our Board of Directors also contributed to insufficient oversight of our accounting and audit functions.

 
- 21 -
 
 



During 2012, we continued to rely on CD International Enterprises, Inc., a related party and our corporate management services provider, to ensure that our financial statements contain all necessary adjustments to conform to U.S. GAAP. The majority of CDInternational Enterprises, Inc.’s accounting staff is bilingual and capable of translating financial statements and schedules from Chinese to English, as well as reviewing detailed trial balances and other financial information to ensure that U.S. GAAP has been properly applied. We expect to continue to be materially dependent upon CD International Enterprises, Inc., or another third party which can provide us with the same level of accounting consulting services, for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP, there are no assurances that the material weaknesses in our internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements. In addition, subsequent to the date of management’s evaluation for the period covered by our report, in May 2013, we were required to restate our 2011, 2010 and 2009 consolidated financial statements to correct an error in those financial statements related to the understatement of an accounts receivable and overstatement of certain liabilities.

Our management, including our Chief Executive Officer and our Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.

In light of this significant deficiency, we performed additional analyses and procedures  in order to conclude that our financial statements for the year ended December 31, 2012 included in this Annual Report on Form 10-K were fairly stated in accordance with U.S. GAAP.  Accordingly, management believes that despite the material weaknesses, our consolidated financial statements for the year ended December 31, 2012 are fairly stated, in all material respects, in accordance with U.S. GAAP.
 
Changes in Internal Control
 
There were no changes in our internal control over financial reporting identified in connection with the evaluation of our controls performed during the year ended December 31, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B.                      Other Information.

None.

PART III

ITEM 10.                      DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

Executive officers and directors

Name
  
Age
  
Positions
Wei Chen
    
43
  
Chairman of the Board, Chief Executive Officer, President and Treasurer
Hui Lui
    
51
  
Director, Chief Executive Officer of Shandong Jiajia
Yuan Huang
    
41
  
Chief Financial Officer

Wei Chen. Mr. Chen has been a member of our Board of Directors and Chief Executive Officer since June 2008, and he has served as Chairman of the Board and President since July 2008. Mr. Chen, a minority owner and co-founder of Shandong Jiajia, has been the General Manager of Shandong Jiajia’s Shanghai Branch since February 2002. Prior to joining Shandong Jiajia, Mr. Chen was a shipping department manager at the Shanghai Branch of Beijing Sunshine International Freight Co., Ltd. from October 1998 to February 2002. Previously, Mr. Chen was the chief representative of Shanghai office, Mitrans International Shipping Co., Ltd. from June 1995 to October 1998. Mr. Chen started his career as a sales representative at Asian Development International Transportation Corporation between September 1992 and May 1995. Mr. Chen obtained a Bachelor’s Degree in International Shipping from Shanghai Maritime University in 1992.

Hui Liu. Mr. Liu has been a member of our Board of Directors since July 2008. Mr. Liu co-founded Shandong Jiajia in 1999 and is a minority owner of the company. Since 1999 Mr. Liu has served as Chief Executive Officer of Shandong Jiajia. From 1997 to 1999, Mr. Liu was the storage and delivery department manager at Shandong Jiajia Import and Export Corp., Ltd. and from 1989 to 1997 he managed customs declaration, inspection declaration, shipping arrangement, and bulk cargo logistics at Cosco International Freight Co., Ltd. From 1986 to 1989 Mr. Liu was employed as a sailor with Qingdao Ocean Shipping Co., Ltd. Mr. Liu obtained an Associate Degree in Vessel Driving from Qingdao Ocean Shipping Mariner College in 1986.


 
- 22 -
 
 


Yuan Huang. Ms. Huang has served as our Chief Financial Officer since October 2009. Prior to being appointed to this position, she had been Director of Accounting Department of Shandong Jiajia since April 2007. From November 2002 until April 2007, Ms. Huang was Accounting Manager of Shanghai Yingyuan Logistics Co., Ltd. From May 1995 to November 2002, she was Director of Accounting Department of Shanghai Paris Spring Yimin Co., Ltd. and served as an accountant of its parent company Shanghai Yimin Department Stores Co., Ltd. from September 1990 through May 1995. Ms. Huang received an Associate Degree in Accounting from Shanghai University of Finance and Economics in July 1999.

There are no family relationships between our officers and directors.  Each director is elected at our annual meeting of shareholders and holds office until the next annual meeting of shareholders, or until his successor is elected and qualified.

Director Qualifications, Committees of our Board of Directors and the Role of our Board in Risk Oversight

Director qualifications

Both of our directors are co-founders of Shandong Jiajia and continue to be involved in our day to day operations. We believe that the professional experiences of both Mr. Chen and Mr. Liu within the shipping and export industries provide them with an enhanced understanding of our operations which provides an additional dimension to their roles as directors.

Committees of our Board of Directors

We have not established any committees, including an Audit Committee, a Compensation Committee or a Nominating Committee, any committee performing a similar function. The functions of those committees are being undertaken by Board of Directors as a whole.  Because we have only two directors, neither of which is independent, we believe that the establishment of these committees would be more form over substance.

We do not have a policy regarding the consideration of any director candidates which may be recommended by our shareholders, including the minimum qualifications for director candidates, nor has our Board of Directors established a process for identifying and evaluating director nominees, nor do we have a policy regarding director diversity. We have not adopted a policy regarding the handling of any potential recommendation of director candidates by our shareholders, including the procedures to be followed. Our Board has not considered or adopted any of these policies as we have never received a recommendation from any shareholder for any candidate to serve on our Board of Directors.  Given our relative size, the location of our business and operations in the PRC and lack of directors and officers insurance coverage, we do not anticipate that any of our shareholders will make such a recommendation in the near future. While there have been no nominations of additional directors proposed, in the event such a proposal is made, all members of our Board will participate in the consideration of director nominees.  In considering a director nominee, it is likely that our Board will consider the professional and/or educational background of any nominee with a view towards how this person might bring a different viewpoint or experience to our Board.

Neither of our directors is an “audit committee financial expert” within the meaning of Item 401(e) of Regulation S-K. In general, an “audit committee financial expert” is an individual member of the audit committee or Board of Directors who:

 
•
understands generally accepted accounting principles and financial statements,
 
•
is able to assess the general application of such principles in connection with accounting for estimates, accruals and reserves,
 
•
has experience preparing, auditing, analyzing or evaluating financial statements comparable to the breadth and complexity to our financial statements,
 
•
understands internal controls over financial reporting, and
 
•
understands audit committee functions.

Our securities are not quoted on an exchange that has requirements that a majority of our Board members be independent and we are not currently otherwise subject to any law, rule or regulation requiring that all or any portion of our Board of Directors include “independent” directors, nor are we required to establish or maintain an Audit Committee or other committee of our Board of Directors.

Board oversight in risk management

Our Chief Executive Officer also serves as Chairman of the Board of Directors and we do not have a lead director.  In the context of risk oversight, we believe that our selection of one person to serve in both positions provides the Board with additional perspective which combines the operational experience of a member of management with the oversight focus of a member of the Board. The business and operations of our company are managed by our Board as a whole, including oversight of various risks, such as operational and liquidity risks, which our company faces. Because our Board is comprised of members of our management, these individuals are responsible for both the day-to-day management of the risks we face as well as the responsibility for the oversight of risk management.

 
- 23 -
 
 

Code of Ethics and Business Conduct

We have adopted a code of ethics applicable to our chief executive officer, who is our principal executive officer, and our chief financial officer, who is our principal financial and accounting officer. We will provide a copy, without charge, to any person desiring a copy of the Code of Ethics, by written request to 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors, and persons who beneficially own more than 10% of a registered class of our equity securities to file with the Securities and Exchange Commission initial statements of beneficial ownership, reports of changes in ownership and annual reports concerning their ownership of our common shares and other equity securities, on Forms 3, 4 and 5 respectively.  Executive officers, directors and greater than 10% shareholders are required by the Securities and Exchange Commission regulations to furnish us with copies of all Section 16(a) reports they file.  Based on our review of the copies of such forms received by us, and to the best of our knowledge, all executive officers, directors and persons holding greater than 10% of our issued and outstanding stock have filed the required reports in a timely manner during 2012.

ITEM 11.                      EXECUTIVE COMPENSATION.

The following table summarizes all compensation recorded by us in 2012 and 2011 for our principal executive officer, each other executive officer serving as such whose annual compensation exceeded $100,000, and up to two additional individuals for whom disclosure would have been made in this table but for the fact that the individual was not serving as an executive officer of our company at December 31, 2012. The value attributable to any option awards is computed in accordance with FASB ASC Topic 718. The assumptions made in the valuations of the option awards are included in Note 7 of the Notes to our Financial Statements appearing later in this report.

SUMMARY COMPENSATION TABLE
Name and principal position
  
Year
  
Salary
($)
    
Bonus
($)
    
Stock
Awards
($)
    
Option
Awards
($)
    
Non-Equity Incentive Plan Compensation ($)
    
Non-qualified Deferred Compensation Earnings ($)
    
All Other Compensation
($)
  
Total
($)
                                                 
Wei Chen(1)
  
2012
    
28,920
      
-
      
13,500
      
-
      
-
      
-
      
-
  
42,420
   
2011
    
28,336
      
-
      
-
      
-
      
-
      
-
      
-
  
28,336

(1)           Mr. Chen is our Chief Executive Officer. Stock awards in 2012 represents 5,000,000 shares of our common stock granted to him in January 2013 as 2012 compensation. The amount of compensation paid to Mr. Chen excludes rent expense paid to him in 2012 of $47,594 and in 2011 of $66,756.

How our Chief Executive Officer’s compensation is determined

Mr. Chen is not a party to an employment agreement with us. His compensation is determined by our Board of Directors, of which he is a member, and is based upon a number of factors including the scope of his duties and responsibilities and the time devoted to our business. Such deliberations are not arms-length. We did not consult with any experts or other third parties in fixing the amount of Mr. Chen's compensation. The amount of compensation payable to Mr. Chen can be increased at any time upon the determination of our Board of Directors.


 
- 24 -
 
 


Outstanding Equity Awards at Fiscal Year-End

The following table provides information concerning unexercised options, stock that has not vested and equity incentive plan awards for each named executive officer outstanding as of December 31, 2012:

OPTION AWARDS
    
STOCK AWARDS
  
Name
  
Number of Securities Underlying Unexercised Options
(#) Exercisable
    
Number of Securities Underlying Unexercised Options
(#) Unexercisable
   
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)
    
Option Exercise Price
($)
    
Option Expiration Date
    
Number of Shares or Units of Stock That Have Not Vested (#)
    
Market Value of Shares or Units of Stock That Have Not Vested ($)
    
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Vested (#)
    
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (#)
  
                                                       
Wei Chen
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  

Compensation of Directors

We have not established standard compensation arrangements for our directors and the compensation payable to each individual for their service on our Board is determined from time to time by our Board of Directors based upon the amount of time expended by each of the directors on our behalf. Neither Mr. Chen nor Mr. Lui received any compensation specifically for their services as a director in 2012.

ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS.

At May 6, 2013, we had 58,429,090 shares of our common stock issued and outstanding which is our only class of voting securities. The following table sets forth information regarding the beneficial ownership of our common stock as of May 6, 2013 by:

 
•
each person known by us to be the beneficial owner of more than 5% of our common stock;
 
•
each of our directors;
 
•
each of our named executive officers; and
 
•
our named executive officers, directors and director nominees as a group.

Unless otherwise indicated, the business address of each person listed is in care of 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011.  The percentages in the table have been calculated on the basis of treating as outstanding for a particular person, all shares of our common stock outstanding on that date and all shares of our common stock issuable to that holder in the event of exercise of outstanding options, warrants, rights or conversion privileges owned by that person at that date which are exercisable within 60 days of that date. Except as otherwise indicated, the persons listed below have sole voting and investment power with respect to all shares of our common stock owned by them, except to the extent that power may be shared with a spouse.

Name of Beneficial Owner
  
Amount and Nature of Beneficial Ownership
    
% of Class
  
Wei Chen
    
16,762,500
      
28.7
%
Hui Lui
    
1,312,500
      
2.2
%
Yuan Huang
    
-
      
-
  
All officers and directors as a group (three persons)
    
18,075,000
      
30.9
%

        1           The number of shares beneficially owned by Mr. Chen includes 7,000,000 shares held of record by his wife.

 
- 25 -
 
 

Securities Authorized for Issuance under Equity Compensation Plans

The following table sets forth securities authorized for issuance under any equity compensation plans approved by our shareholders as well as any equity compensation plans not approved by our shareholders as of December 31, 2012.

   
Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)
    
Weighted average exercise price of outstanding options, warrants and rights (b)
    
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)
  
Plan category
                  
                   
Plans approved by our shareholders:
    
0
      
n/a
      
n/a
  
Plans not approved by shareholders:
    
0
      
n/a
      
n/a
  
                         

ITEM 13.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

We lease approximately 7,008 square feet of office space from Mr. Wei Chen, our Chairman and CEO, which serves as our principal executive offices. During 2012 we paid Mr. Chen $47,594 in lease expense.

We lease approximately 1,026 square feet of office space from Mr. Xiangfen Chen, which serves as our Xiamen branch office. Mr. Chen is the General Manger of this branch. During 2012 we paid Mr. Chen $1,734 in lease expense.

We also lease approximately 2,088 square feet of office space from Mr. Bin Liu, which serves as our Tianjin branch office. Mr. Liu is the General Manger of this branch.  During 2012 we paid Mr. Liu $15,611 in lease expense.

From time to time we have advanced funds to related parties for working capital purposes.  The advances are unsecured, non-interest bearing and payable on demand. At December 31, 2012, Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia, owed us $0, net of repayments of $65,307 during 2012.

At December 31, 2012, Tianjin Sincere Logistics Co., Ltd., which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia, owed us $0, net of repayments of $199,204 during 2012.
 
        Historically we advanced funds to Shandong Huibo Import & Export Co., Ltd. (“Shandong Huibo”), a 24.3% shareholder in Shandong Jiajia, for working capital purposes. The advance was unsecured, non-interest bearing and payable on demand.  At September 30, 2012 Shandong Huibo owed us $321,652, net of repayments of $47,431.  During the fourth quarter of 2012, we recorded bad debt expense of $318,487 because Shandong Huibo ceased the operation during April 2012. Through December 2012, we attempted to collect the amounts due from Shandong Huibo and in December 2012 the advance due from Shangdong Huibo was deemed uncollectible. As of December 31, 2012, as a result of this write-off, Shangdong Huibo owed us $0.

 
- 26 -
 
 


In addition, from time to time we obtain advances from related parties for working capital purposes. These amounts are non-interest bearing and due on demand. At December 31, 2012 these due to related parties included:

•           $72,509 due to Mr. Xiangfen Chen, the general manager of Xiamen branch

•           $194,949 due to Mr. Bin Liu, the general manager of Shandong Jiajia’s Tianjin branch.

•           $177,137 due to Tianjin Sincere Logistics Co., Ltd., a company of which Mr. Hui Liu is a 90% owner

•           $410,078 due to CD International Enterprises, Inc.

•           $47,611 due to Shang Jie, the general manager of Qingdao branch

•           $2,671 due to Lianyungang Shunbo International Freight Ltd., a company owned by Shunhua Jiang, the Spouse
of Shouliu Tang, the general manager of Lianyungang branch

•           $145,982 due to Lianyunbu is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief
Executive Officer of Shandong Jiajia.

Director Independence

Neither of our directors is considered “independent” within the meaning of meaning of Rule 5605 of the NASDAQ Marketplace Rules.

ITEM 14.                      PRINCIPAL ACCOUNTING FEES AND SERVICES.

The following table shows the fees that were billed for the audit and other services provided by RBSM LLP and Sherb & Co., LLP for 2012 and 2011.

   
2012
    
2011
  
             
Audit Fees
  
$
93,000
    
$
133,753
  
Audit-Related Fees
    
-
      
-
  
Tax Fees
    
8,000
      
58,496
  
All Other Fees
    
-
      
-
  
Total
  
$
101,000
    
$
192,249
  

Audit Fees — This category includes the audit of our annual financial statements, review of financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the independent registered public accounting firm in connection with engagements for those fiscal years. This category also includes advice on audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements.

Audit-Related Fees — This category consists of assurance and related services by the independent registered public accounting firm that are reasonably related to the performance of the audit or review of our financial statements and are not reported above under “Audit Fees.” The services for the fees disclosed under this category include consultation regarding our correspondence with the Securities and Exchange Commission and other accounting consulting.

Tax Fees — This category consists of professional services rendered by our independent registered public accounting firm for tax compliance and tax advice. The services for the fees disclosed under this category include tax return preparation and technical tax advice.

All Other Fees — This category consists of fees for other miscellaneous items.

Our Board of Directors has adopted a procedure for pre-approval of all fees charged by our independent registered public accounting firm.  Under the procedure, the Board approves the engagement letter with respect to audit, tax and review services. Other fees are subject to pre-approval by the Board, or, in the period between meetings, by a designated member of Board. Any such approval by the designated member is disclosed to the entire Board at the next meeting.  The audit and tax fees paid to the auditors with respect to 2012 and 2011 were pre-approved by the entire Board of Directors.


 
- 27 -
 
 


PART IV


ITEM 15.                      EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

Exhibit No.
  
Description
 
3.1
  
Articles of Incorporation (Incorporated by reference to registration statement on from 10-SB, SEC File No. 0-31497, as filed with the SEC on September 11, 2000, as amended).
 
3.2
  
Articles of Amendment to the Articles of Incorporation (Incorporated by reference to registration statement on from 10-SB, SEC File No. 0-31497, as filed with the SEC on September 11, 2000, as amended).
 
3.3
  
Articles of Amendment to the Articles of Incorporation (Incorporated by reference to Current Report on Form 8-K as filed with the SEC on September 27, 2006).
 
3.4
  
Articles of Amendment to the Articles of Incorporation (Incorporated by reference to Current Report on Form 8-K as filed with the SEC on January 7, 2008).
 
3.5
  
Articles of Amendment to the Articles of Incorporation (Incorporated by reference to the definitive Information Statement on Schedule 14C as filed with the SEC on February 14, 2008).
 
3.6
  
Bylaws (Incorporated by reference to registration statement on from 10-SB, SEC File No. 0-31497, as filed with the SEC on September 11, 2000, as amended).
 
4.1
  
Form of common stock purchase warrant issued in the 2008 unit offering (Incorporated by reference to Current Report on Form 8-K as filed with the SEC on April 24, 2008).
 
4.2
  
6% Convertible Promissory Note dated February 6, 2013 in the principal amount of $50,952.50 due Magna Group LLC *
 
4.3
  
Convertible Promissory Note dated February 5, 2013 in the principal amount of $27,000 due Hanover Holdings I, LLC*
  4.4  
Convertible Note dated April 8, 2013 in the principal amount of $82,000 due China Direct Investments, Inc*
 
10.1
   Acquisition Agreement dated as of December 31, 2007 between MediaREADY, Inc., Shandong Jiajia International Freight & Forwarding (Logistics Co.) Ltd. and Messrs. HuiLui and Wei Chen (Incorporated by to reference to Current Report on Form 8-K as filed with the SEC on January 7, 2008).
 
10.2
  
Amendment to Acquisition Agreement as of January 28, 2008 between MediaREADY, Inc., Shandong Jiajia International Freight & Forwarding (Logistics Co.) Ltd. and Messrs. HuiLui and Wei Chen (Incorporated by to reference to Current Report on Form 8-K as filed with the SEC on January 31, 2008).
 
10.3
  
Amendment to Acquisition Agreement as of March 13, 2008 between MediaREADY, Inc., Shandong Jiajia International Freight & Forwarding (Logistics Co.) Ltd. and Messrs. HuiLui and Wei Chen (Incorporated by to reference to Current Report on Form 8-K as filed with the SEC on March 18, 2008).
 
10.4
  
Form of subscription agreement for 2008 unit offering (Incorporated by to reference to Current Report on Form 8-K as filed with the SEC on April 14, 2008).
 
10.5
  
Lease Agreement dated June 1, 2011 between Wei Chen and Shandong Jia Jia International Freight & Forwarding ,Ltd.(Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.6
  
Office Lease Contract dated January 26, 2011 between Sinochem International Information Company, Qingdao Branch (On behalf of China Foreign Economic and Trade Trust Limited Company) and Shandong Jiajia International Freight & Forwarding ,Ltd(Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.7
  
Rental Agreement dated March 25, 2011between Yonggan Fan and Shandong Jia Jia International Freight & Forwarding ,Ltd. (Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.8
  
Lease Agreement dated December 31, 2011 between Xiangfen Chen and Shandong Jia Jia International Freight & Forwarding, Ltd. (Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.9
  
Promissory Notes due China Direct Investments, Inc. including note extension .(Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.10
  
Employment Agreement dated October 12, 2011 between China Logistics Group, Inc. and Yuan Huang .(Incorporated by reference to the Annual Report on Form 10-K for the year ended December 31, 2011).
 
10.11
  
Convertible Promissory Note Rider Agreement dated February 6, 2013 by and between Magna Group, LLC and China Direct Investments, Inc.*
 
10.12
  
Securities Purchase Agreement dated February 5, 2013 by and between China Logistic Group, Inc. and Hanover Holdings I, LLC *
 
10.13
  
Lease Agreement dated March 14, 2013 between Wei Chen and Shandong Yonggan Fan and Shangdong Jiajia International Freight & Forwarding,Ltd.*
 
10.14
  
Lease Agreement dated May 10, 2012 between Xinhuajin Group Qingdao Jindi Industry Co., Ltd. and Shangdong Jiajia International Freight &Forwarding,Ltd.*
 
14.1
  
Code of Business Conduct and Ethics (Incorporated by reference to the Annual Report on Form 10-K for the fiscal year ended December 31, 2007).

 
- 28 -
 
 
 
 
16.1
  
Letter dated February 11, 2013 from Sherb & Co., LLP (Incorporated by reference to the Current Report on Form 8-K as filed on February 12, 2013).
 
21.1
  
Subsidiaries of the Registrant (Incorporated by reference to the Annual Report on Form 10-K for the fiscal year ended December 31, 2007).
 
23.1
  
Consent of Sherb & Co., LLP *
 
31.1
  
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer *
 
31.2
  
Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer *
 
32.1
  
Section 1350 Certification of Chief Executive Officer and Chief Financial Officer*
101.INS
  
XBRL INSTANCE DOCUMENT **
101.SCH
  
XBRL TAXONOMY EXTENSION SCHEMA **
101.CAL
  
XBRL TAXONOMY EXTENSION CALCULATION LINKBASE **
101.DEF
  
XBRL TAXONOMY EXTENSION DEFINITION LINKBASE **
101.LAB
  
XBRL TAXONOMY EXTENSION LABEL LINKBASE **
101.PRE
  
XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE **
 
*  Filed herewith

**In accordance with Regulation S-T, the XBRL-formatted interactive data files that comprise Exhibit 101 in this Annual Report on Form 10-K shall be deemed “furnished” and not “filed”.


 
- 29 -
 
 



SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
China Logistics Group, Inc.
Date: May 15, 2013
By: /s/ Wei Chen
 
Wei Chen, Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.



Name
Positions
Date
/s/ Wei Chen
Wei Chen
Chief Executive Officer, Chairman of the Board of Directors, President, Treasurer principal executive officer
May 15, 2013
     
/s/ Hui Lui
Hui Lui
Director
May 15, 2013
     
/s/ Yuan Huang
Yuan Huang
Chief Financial Officer, principal financial and accounting officer
May 15, 2013



 
- 30 -
 
 

CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

CONTENTS

Report of Independent Registered Public Accounting Firm
F - 2
   
Consolidated Financial Statements:
  
   
Consolidated Balance Sheets:
  
As of December 31, 2012 and 2011
F - 4
   
Consolidated Statements of Operations and Comprehensive Income (Loss):
  
For the Years Ended December 31, 2012 and 2011
F - 5
   
Consolidated Statements of Shareholders' Deficit:
  
For the Years Ended December 31, 2012 and 2011
F - 6
   
Consolidated Statements of Cash Flows:
  
For the Years Ended December 31, 2012 and 2011
F - 7
   
Notes to Consolidated Financial Statements
F - 8


 
F - 1
 
 


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors
China Logistics Group, Inc.

We have audited the accompanying consolidated balance sheet of China Logistics Group, Inc and subsidiaries (the “Company”) as of December 31, 2012 and the related consolidated statements of operations and comprehensive income (loss), shareholders' equity (deficit) and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.
 
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company's internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of China Logistics Group, Inc. and subsidiaries as of December 31, 2012 and the results of their operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has an accumulated deficit of approximately $20,247,000. The Company has experienced recurring losses, has incurred a net loss for the year ended December 31, 2012 of approximately $837,000 and has negative working capital at December 31, 2012 of approximately $306,000. These factors raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 
/s/RBSM LLP
New York, New York
May 10, 2013

 
F - 2
 
 

 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors
China Logistics Group, Inc.

We have audited the accompanying consolidated balance sheet of China Logistics Group, Inc and subsidiaries (the “Company”) as of December 31, 2011 and the related consolidated statements of operations and comprehensive income (loss), shareholders' equity (deficit) and cash flows for the year then ended. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
 
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of China Logistics Group, Inc. and subsidiaries as of December 31, 2011 and the results of their operations and their cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.


/s/Sherb and Co. LLP
New York, New York
March 27, 2012, except for Note 12, as to which the date is May 10, 2013

 
F - 3
 
 

CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES
  
CONSOLIDATED BALANCE SHEETS
  
   
   
December 31,
    
December 31,
  
   
2012
    
2011
  
         
(As Restated)
  
ASSETS
        
CURRENT ASSETS:
            
Cash
   $ 2,414,507     $ 1,396,896  
Note receivable
     7,935       -  
Accounts receivable, net of allowance of $3,818,209 and $2,884,655
     1,277,741       3,407,307  
Other receivables, net
     349,093       583,008  
Advance to vendors and other current assets
     57,869       24,356  
Due from related parties
     -       630,465  
                 
    Total current assets
     4,107,147       6,042,032  
                 
PROPERTY AND EQUIPMENT, NET
     64,862       37,674  
                 
    Total assets
   $ 4,172,007     $ 6,079,706  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
          
CURRENT LIABILITIES:
                
Accounts payable - trade
   $ 2,636,667     $ 3,100,660  
Accrued expenses and other current liabilities
     423,241       630,353  
Advances from customers
     302,042       485,102  
Due to related parties
     1,050,937       1,350,743  
Tax payable
     357       10,267  
                 
    Total current liabilities
     4,413,244       5,577,125  
                 
    Total liabilities
     4,413,244       5,577,125  
                 
SHAREHOLDERS' EQUITY (DEFICIT):
                
   China Logistics Group, Inc. shareholders' equity (deficit):
                
Preferred stock,  $0.001 par value, 10,000,000 shares authorized;
                
Series B convertible preferred stock - $.001 par valye 1,295,000 shares authorized; 450,000 shares issued and outstanding at at December 31, 2012 and 2011,respectively
     450       450  
Common stock, $0.001 par value, 500,000,000 shares authorized; 41,508,203 and 41,508,203 shares issued and outstanding at December 31, 2012 and 2011, respectively
     41,508       41,508  
Additional paid-in capital
     20,636,980       20,636,980  
Accumulated deficit
     (20,247,282 )     (19,763,182 )
Accumulated other comprehensive loss
     (94,549 )     (141,899 )
        Total China Logistics Group, Inc. shareholders' equity
     337,108       773,857  
Non-controlling interest
     (578,344 )     (271,276 )
                 
    Total shareholders' equity (deficit)
     (241,237 )     502,581  
                 
    Total liabilities and shareholders' equity (deficit)
   $ 4,172,007     $ 6,079,706  
                 
See notes to consolidated financial statements.
  

 
F - 4
 
 
 
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES  
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS  
     
             
   
For the Years Ended Decemnber 31,
  
   
2012
    
2011
  
         
(As Restated)
  
Sales
   $ 23,133,394     $ 24,869,518  
                 
Cost of sales
     21,914,116       24,431,175  
                 
Gross profit
     1,219,278       438,343  
                 
Operating expenses:
                
Selling, general and administrative
     1,131,035       1,174,438  
Bad debt - related party
     318,487       -  
Bad debt expense
     580,500       318,195  
                 
Total operating expenses
     2,030,022       1,492,633  
                 
Loss from operations
     (810,744 )     (1,054,290 )
                 
Other income (expenses):
                
Other income (expense)
     (30,467 )     (104,467 )
Interest income (expense)
     4,551       (562 )
                 
Total other expenses
     (25,916 )     (105,029 )
                 
Loss before income taxes
     (836,660 )     (1,159,319 )
                 
Provision for income taxes
     -       17,670  
                 
Net loss
     (836,660 )     (1,176,989 )
                 
Less: net loss attributable to the non-controlling interest
     (352,560 )     (501,953 )
                 
Net loss attributable to China Logistics Group, Inc.
   $ (484,100 )   $ (675,036 )
                 
Comprehensive loss:
                
Net loss
   $ (836,660 )   $ (1,176,989 )
Foreign currency translation adjustments
     47,350       (14,490 )
Comprehensive loss
     (789,310 )     (1,191,479 )
Less: net loss attributable to the noncontrolling interest
     (352,560 )     (501,953 )
Comprehensive loss attributable to China Logistics Group, Inc.
   $ (436,750 )   $ (689,526 )
                 
Net loss per common share:
                
     Basic
   $ (0.01 )   $ (0.02 )
     Diluted
   $ (0.01 )   $ (0.02 )
                 
Weighted average number of common shares outstanding:
                
   Basic
     41,508,203       41,508,203  
   Diluted
     41,508,203       41,508,203  
                 
  See notes to consolidated financial statements.  
 
 
F - 5
 
 
 
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES
  
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT)
  
For the Years ended December 31, 2012 and 2011
  
                                                       
                                       
Accumulated
              
                           
Additional
          
Other
              
   
Preferred B Stock
    
Common Stock
    
Paid-In
    
Accumulated
    
Comprehensive
    
Noncontrolling
        
   
Shares
    
Amount
    
Shares
    
Amount
    
Capital
    
Deficit
    
Loss
    
Interest
    
Total
  
                                                       
Balance December 31, 2010 (As Restated)
     450,000     $ 450       41,508,203     $ 41,508     $ 20,636,980     $ (19,088,146 )   $ (127,408 )   $ 244,596     $ 1,707,980  
                                                                         
Net loss
     -       -       -       -       -       (675,036 )     -       (501,953 )     (1,176,989 )
                                                                         
Unrealized loss on foreign currency translation adjustment
     -       -       -       -       -       -       (14,491 )     (13,919 )     (28,410 )
                                                                         
 Balance December 31, 2011 (As Restated)
     450,000       450       41,508,203       41,508       20,636,980       (19,763,182 )     (141,899 )     (271,276 )     502,581  
                                                                         
Net loss
     -       -       -       -       -       (484,100 )     -       (352,560 )     (836,660 )
                                                                         
Unrealized gain on foreign currency translation adjustment
     -       -       -       -       -       -       47,350       45,492       92,842  
                                                                         
 Balance December 31, 2012
     450,000     $ 450       41,508,203     $ 41,508     $ 20,636,980     $ (20,247,282 )   $ (94,549 )   $ (578,344 )   $ (241,237 )
                                                                         
See notes to consolidated financial statements.
  
 
 
F - 6
 
 

 
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES
  
CONSOLIDATED STATEMENTS OF CASH FLOWS
  
   
   
For the Years Ended
  
   
December 31,
  
   
2012
    
2011
  
         
(As Restated)
  
CASH FLOWS FROM OPERATING ACTIVITIES:
            
Net Loss
   $ (836,660 )   $ (1,176,989 )
Adjustments to reconcile net loss to net cash provided by operating activities:
                
Depreciation expense
     6,697       13,229  
Bad debt
     888,970       255,712  
Changes in operating assets and liabilities:
                
Notes receivable
     142,780       -  
Accounts receivable
     1,761,410       (658,467 )
Prepaid expenses and other current assets
     -       -  
Other receivables
     42,210       434,698  
Advance to vendors and other current assets
     (33,305 )     323,053  
Accounts payable
     (489,126 )     831,503  
Accrued expenses and other current liabilities
     (211,561 )     164,506  
Taxes payable
     (9,991 )     (4,886 )
Advances from customers
     (186,933 )     19,046  
                 
NET CASH PROVIDED BY OPERATING ACTIVITIES
     1,074,491       201,405  
                 
CASH FLOWS FROM INVESTING ACTIVITIES:
                
Purchase of property plant and equipment
     (34,992 )     (15,782 )
Proceeds from disposal of property plant and equipment
     1,426       -  
Collection of due from related parties
     316,868       63,413  
Due from related parties
     -       (55,458 )
                 
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
     283,302       (7,827 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES:
                
Repayments of due to related parties
     (307,375 )     (429,567 )
Due to related parties
     -       341,642  
                 
NET CASH USED IN  FINANCING ACTIVITIES
     (307,375 )     (87,925 )
                 
EFFECT OF EXCHANGE RATE ON CASH
     (32,806 )     (18,605 )
                 
NET INCREASE  IN CASH
     1,017,611       87,048  
                 
CASH  - beginning of year
     1,396,896       1,309,848  
                 
CASH  - end of year
   $ 2,414,507     $ 1,396,896  
                 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
                
Cash paid during the period for foreign taxes
   $ 9,911     $ 23,843  
                 
See notes to consolidated financial statements.
  
 
 
F - 7
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 


NOTE 1 – SUMMARY OF BUSINESS AND ORGANIZATION

History of Company

China Logistics Group, Inc. (“we”, “us”, “our” or the “Company”) is a Florida corporation and was incorporated on March 19, 1999 under the name of ValuSALES.com, Inc. We changed our name to Video Without Boundaries, Inc. on November 16, 2001. On August 31, 2006 we changed our name from Video Without Boundaries, Inc. to MediaREADY, Inc. and on February 14, 2008, we changed our name from MediaREADY, Inc. to China Logistics Group, Inc.
 
On December 31, 2007, we entered into an acquisition agreement with Shandong Jiajia International Freight and Forwarding Co., Ltd. (“Shandong Jiajia”) and its sole shareholders Messrs. Hui Liu and Wei Chen, through which we acquired a 51% interest in Shandong Jiajia. The transaction was accounted for as a capital transaction, implemented through a reverse recapitalization.

Shandong Jiajia, formed in 1999 as a Chinese limited liability company, is an international freight forwarder and logistics management company and acts as an agent for international freight and shipping companies. Shandong Jiajia sells cargo space and arranges land, maritime, and air international transportation for clients seeking to import or export merchandise into or from China.  Shandong Jiajia has branches in Shanghai, Qingdao, Xiamen, Tianjin and Lianyungang with an additional sales office in Rizhao.

NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Going Concern

The accompanying consolidated financial statements have been prepared on a going concern basis. The Company has an accumulated deficit of approximately $20,247,000 and a negative working capital at December 31, 2012 of approximately $306,000. The Company has incurred net losses of approximately $837,000 and $1,177,000 for the years ended December 31, 2012 and 2011, respectively. The Company’s ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and to obtain any necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted at this time.
 
These matters raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.
 
Basis of Presentation

The accompanying consolidated financial statements for the year ended December 31, 2012 and 2011 have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements include our accounts and those of our 51% owned subsidiary, Shandong Jiajia. All inter-company transactions and balances have been eliminated in consolidation.

Fair Value of Financial Instruments

We adopted the guidance of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.
 
 
F - 8
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 
ASC 825-10 “Financial Instruments" allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.

Use of Estimates

 The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reported periods.

Significant estimates for the periods reported include the allowance for doubtful accounts, which is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers, knowledge of our industry segment in Asia, and historical bad debt experience.  This evaluation methodology has provided a reasonable estimate of bad debt expense in the past and we intend to continue to employ this approach in our analysis of collectability.  However, we are aware that given the varying recovery levels of our customers from the recent global economic situation meaningful time horizons may change.    Assumptions and estimates employed in these areas can be material to our reported financial condition and results of operations.  Actual results could differ from these estimates. Significant estimates for the years ended December 31, 2012 and 2011 include the allowance for doubtful accounts on accounts receivable, the useful life of property and equipment, and assumptions used in assessing impairment of long-term assets.

Foreign Currency Translation

The accompanying consolidated financial statements are presented in United States dollars. The functional currency of Shandong Jiajia is the Renminbi (“RMB”), the official currency of the PRC.  In accordance with ASC 830-20-35, assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange rate prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the period to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial statements. Gains and losses resulting from the translation of local currency financial statements into U.S. dollars are reflected in other comprehensive income in the consolidated statements of operations and comprehensive income (loss).

RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place through PRC authorized institutions.  Translation of amounts from RMB into United States dollars (“US$”) has been made at the following exchange rates for the respective periods:
 
   
December 31, 2012
    
December 31, 2011
  
Period end RMB: U.S. dollar exchange rate
    
6.3011
      
6.3523
  
Average fiscal-year-to-date RMB: U.S. dollar exchange rate
    
6.3034
      
6.4544
  

Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.

Cash and Cash Equivalents

For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying value of these instruments approximates fair value.

 
F - 9
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 

Accounts Receivable

 Accounts receivable are presented net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, a customer’s historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection. The allowance for doubtful accounts totaled $3,818,209 and $2,884,655 at December 31, 2012 and 2011, respectively.

Advances to Vendors and Other Current Assets
 
Advances to vendors and other current assets consist primarily of prepayments or deposits from us for contracted shipping arrangements that have not been utilized by our customers.  These amounts are recognized as cost of revenues as shipments are completed and customers utilize the shipping arrangement.  Advances to vendors totaled $57,871 and $24,356 at December 31, 2012 and 2011, respectively.

Property and Equipment and Long-Lived assets

Property and equipment are recorded at cost.  Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred.  Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.  Leasehold improvements, if any, are amortized on a straight-line basis over the shorter of the lease period or the estimated useful life.  

We periodically evaluate the carrying value of long-lived assets to be held and used in the business, generally in conjunction with the annual business planning cycle, and when events and circumstances otherwise warrant. If the carrying value of a long-lived asset is considered impaired, a loss is recognized based on the amount by which the carrying value exceeds the fair value for assets to be held and used. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risks involved. There was no impairment recognized during the years ended December 31, 2012 and 2011.

Advances from Customers

Advances from customers consist of prepayments to us for contracted cargo that has not yet been shipped to the recipient and for other advance deposits. These amounts are recognized as revenue as shipments are completed and customers take delivery of goods, in compliance with the related contract and our revenue recognition policy. Advances from customers totaled $302,042 and $485,102 at December 31, 2012 and 2011, respectively.

Stock Based Compensation

We account for equity-based compensation issued to employees by measuring the grant-date fair value of the securities issued to employees and recognize the associated compensation cost in the consolidated financial statements over the period during which the employees are required to provide services.

Basic and Diluted Loss per Share

Pursuant to ASC Subtopic 260-10-45, basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the periods presented. Dilutedloss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. Potentially dilutive common shares consist of common stock issuable for stock warrants, and shares issuable upon conversion of Series B convertible preferred stock. These common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:

   
December 31,
    
December 31,
  
   
2012
    
2011
  
Warrants
     31,558,500       31,558,500  
Series B convertible preferred stock
     4,500,000       4,500,000  
Total
     36,058,500       36,058,500  

 
F - 10
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 

Concentration of Credit Risk

The Company's operations are carried out in the People’s Republic of China (“PRC") Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.
 
Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and accounts receivable. We deposit our cash with high credit quality financial institutions in the United States and the PRC. At December 31, 2012, we had deposits of $2,414,544 in banks in the PRC.  In the PRC, there is no federal deposit insurance as in the United States; as such these amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through December 31, 2012.

Revenue Recognition

We provide freight forwarding services generally under contract with our customers.  Our business model involves placing our customers’ freight on prearranged contracted transport.  Our revenue recognition policy is in accordance with the guidance of FASBASC 605, “Revenue Recognition.”  In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.
Our revenue recognition is typically determined by our shipment/payment terms as follows:

 
•
  
When merchandise departs the shipper’s location when the trade pricing terms are CIF (cost, insurance and freight),
 
•
  
When merchandise departs the shipper’s location when the trade pricing terms are CFR (cost and freight), or
 
•
  
When the merchandise arrives at the destination port if the trade pricing terms are FOB (free on board) destination.
 
The Company recognizes direct shipping costs concurrently with the recognition of the related revenue for each shipment.  These costs are generally isolated by billings as the Company does not own the shipping containers or transportation vessels.

Comprehensive Income

We follow ASC 220, “Comprehensive Income” to recognize the elements of comprehensive income (loss). Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.  Our comprehensive income (loss) for 2012 and 2011 included net loss and foreign currency translation adjustments.

Non-controlling Interest

 Non-controlling interests in our subsidiary are recorded as a component of our equity, separate from the parent’s equity.  Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions.  Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and upon loss of control the interest sold, as well as the interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.

Income Taxes

 We account for income taxes in accordance with ASC 740, “Income Taxes.”  ASC 740 requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in our financial statements or tax returns.  Measurement of the deferred items is based on enacted tax laws.  In the event the future consequences of differences between the financial reporting and tax basis of our assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability that we will generate sufficient taxable income to be able to realize the future benefits indicated by the deferred tax assets.  A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or the entire deferred tax asset will not be realized.  
 

 
F - 11
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 
 
Recent Accounting Pronouncements

In December 2011, the FASB issued Accounting Standard Update (“ASU”) 2011-11, “Balance Sheet (Topic 210)”. The objective of this Update is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on anentity’s financial position. This includes the effect or potential effect of rights of setoff associated with an entity’s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 will not have amaterial effect on the Company’s financial statements.
 
A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies.  Due to the tentative and preliminary nature of those proposed standards, the Company’s management has not determined whether implementation of such proposed standards would be material to its consolidated financial statements.

NOTE 3 - OTHER RECEIVABLES

Other receivables are comprised of advances to other entities with which we have a strategic or other business relationship, a refundable deposit we made as required by a Chinese court in connection with a lawsuit we filed against our former customer for amounts owed to us, and deferred expenses.  The amounts advanced to our strategic partners are unsecured, payable on demand, and bear no interest.  We also advance money to employees for business trips which are then subsequently expensed upon processing of an expense report.  The components of other receivables at December 31, 2012 and 2011 were as follows:

   
December 31, 2012
    
December 31, 2011
  
             
Advances receivable
  
$
270,780
    
$
427,590
  
Legal deposit
    
-
      
31,488
  
Deferred expense
    
58,383
      
51,331
  
Other
    
19,930
      
72,599
  
   
$
349,093
    
$
583,008
  

NOTE 4 – PROPERTY AND EQUIPMENT
 
At December 31, 2012 and 2011, property and equipment consisted of the following:

 
Useful Lives
  
December 31, 2012
    
December 31, 2011
  
Computer equipment
4 years
  
$
53,900
    
$
54,045
  
Furniture and equipment
4-5 years
    
147,165
      
112,089
  
    
      
201,065
      
166,134
  
Less: accumulated depreciation
      
(136,203
)
    
(128,460
)
     
$
64,862
    
$
37,674
  
 
For the years ended December 31, 2012, and 2011, depreciation expense totaled $6,697 and $13,229, respectively.


 
F - 12
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 


NOTE 5 - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities are comprised of i)non-interest bearing advances from unrelated third parties used for working capital purposes and payable on demand, ii) accruals for professional fees and other operating expenses that have yet to be billed, and iii) accrued salaries.  The components of accrued expenses and other current liabilities at December 31, 2012 and 2011 were as follows:

   
December 31, 2012
    
December 31, 2011
  
Advances payables
  
$
273,994
    
$
494,905
  
Accrued expenses
    
97,276
      
84,101
  
Accrued salaries
    
51,971
      
51,347
  
   
$
423,241
    
$
630,353
  

NOTE 6 – STOCKHOLDERS’ EQUITY
 
Preferred Stock

We have 10,000,000 shares of preferred stock, par value $.001, authorized, 1,000,000 of which we designated as our Series A Convertible Preferred Stock in December 2007 in connection with our acquisition of a 51% interest in Shandong Jiajia. On March 28, 2008 shareholders holding the Series A Convertible Preferred Stock converted their 1,000,000 shares into 2,500,000 shares of common stock, and no shares of Series A Convertible Preferred Stock were outstanding at December 31, 2012 and 2011.

In December 2007, we designated 1,295,000 shares of our preferred stock as Series B Convertible Preferred stock in connection with our acquisition of a 51% interest in Shandong Jiajia. Each share of Series B Convertible Preferred Stock is convertible into 10 shares of our common stock.  On March 28, 2008, holders of the Series B Convertible Preferred Stock converted 845,000 shares of the Series B Convertible Preferred Stock into 8,450,000 shares of common stock and 450,000 shares of Series B Convertible Preferred Stock held by CD International Enterprises, Inc. remained outstanding at December 31, 2012 and 2011. In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock.

Common Stock Purchase Warrants
 
        A summary of our common stock purchase warrant activity during 2012 and 2011 is as follows:

   
Number of shares underlying
warrants
    
Weighted
average exercise price
    
Weighted average contractual life
  
Outstanding at December 31, 2010
  
33,561,000
    
$ 0.21
    
2.20
  
Granted
  
-
    
-
    
-
  
Expired
  
(2,002,500)
    
-
    
-
  
Outstanding at December 31, 2011
    
31,558,500
    
$
0.20
      
1.33
  
Granted
    
- 
      
- 
      
- 
  
Exercised
    
- 
      
- 
      
- 
  
Outstanding at December 31, 2012
    
31,558,500
    
$
0.20
      
0.33
  

The common stock purchase warrants outstanding at December 31, 2012 and 2011 include 31,558,500 warrants issued in connection with the 2008 Unit Offering.  These warrants are currently exercisable at $0.20 per share and expired on April 30, 2013.


 
F - 13
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 


NOTE 7 – RELATED PARTY TRANSACTIONS
 
Due from related parties

At December 31, 2012 and 2011, due from related parties consisted of the following;

   
December 31, 2012
    
December 31, 2011
  
Due from Shandong Huibo Import & Export Co., Ltd.
  
$
-
    
$
365,918
  
Due from Tianjin Sincere Logistics Co., Ltd
    
-
      
199,240
  
Due from Langyunbu
    
-
      
65,307
  
   
$
-
    
$
630,465
  

Due from related parties were $0 and $630,465 at December 31, 2012 and 2011, respectively.  Shandong Huibo Import & Export Co., Ltd. is a 24.3% shareholder in Shangdong Jiajia. Tianjin Sincere Logistics Co., Ltd, and Lianyunbu are the entities affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia.

At December 31, 2012, Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia, owed us $0, net of repayments of $65,307 during 2012.

At December 31, 2012, Tianjin Sincere Logistics Co., Ltd., which is an entity affiliated with Bin Liu, the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd., owed us $0, net of repayments of $199,240 during 2012.

During the year ended December 31, 2012, the Company recorded bad debt expense of $318,487 for the balance of due from Shandong Huibo Import & Export Co., Ltd. (“Shandong Huibo”), a 24.3% shareholder in Shandong Jiajia. The Company collected $47,431 from Shangdong Huibo during 2012. Shandong Huibo ceased the operation during April 2012and the advance to Shangdong Huibo was deemed uncollectible.
 
From time to time, the Company advances funds to Langyubu, an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajiafor working capital purposes. These advanced bear no interest, are unsecured and due on demand.

Due to related parties

At December 31, 2012 and 2011, due to related parties consisted of the following:

   
December 31, 2012
    
December 31, 2011
  
Due to Xiangfen Chen
  
$
72,509
    
$
87,667
  
Due to Bin Liu
    
194,949
      
296,872
  
Due to Tianjin Sincere Logistics Co., Ltd.
    
177,137
      
561,062
  
Due to Shunbo International Freight Ltd.
    
2,671
      
-
  
Due to Lianyunbu
    
145,982
         -  
Due to Shang Jing
    
47,611
      
-
  
Loans and interest due to CD International Enterprises, Inc.
    
410,078
      
405,142
  
   
$
1,050,937
    
$
1,350,743
  

 
 
Xiangfen Chen is the general manager of Shandong Jiajia Xiamen branch. Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia,

 
 
Shang Jing is the general manager of Shandong Jiajia Qingdao Branch.

 
 
Bin Liu is the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd. 


 
F - 14
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 
 
 
 
 Lianyunbu is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia. These loans are unsecured, non-interest bearing and repayable on demand. Shandong Jiajia used the proceeds for general working capital purposes.
 
 
 
Lianyungang Shunbo International Freight Ltd. is a company owned by Shunhua Jiang, the Spouse of Shouliu Tang, the general manager of Lianyungang branch

 
 
The amounts due to CD International Enterprises, Inc. as of December 31, 2012 was $410,078, which included $323,000 of working capital loans and $87,078 related to professional fees, primarily legal and accounting paid by CDI on our behalf. The proceeds from these promissory notes were used for working capital purposes. The notes accrue interest at 4% annually and were due at various dates in 2012. In 2013, CD International Enterprises, Inc. assigned certain loans and interest to third parties and these notes were exchanged for convertible notes pursuant to a securities purchase agreements (see Note 11 – Subsequent Events)

NOTE 8 – INCOME TAXES

The Company accounts for income taxes pursuant to the accounting standards that require the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards.  Additionally, the accounting standards require the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including those related to the temporary differences from the deduction of depreciation and related expenses for income tax purposes as compared to financial statement purposes are dependent upon future earnings.

Effective January 1, 2008, the Company's subsidiaries in China are governed by the Enterprise Income Tax Law of the People’s Republic of China and local income tax laws (the "PRC Enterprise Income Tax Law"). Pursuant to the PRC Enterprise Income Tax Law, our Chinese subsidiary is considered a Resident Enterprise and is subject to tax at a statutory rate of approximately 25% for the calendar year ended December 31, 2012 and 2011.

The components of loss before income tax and non-controlling interest consist of the following:

   
Year Ended December 31,
  
   
2012
    
2011
  
              (As Restated)  
US Operations
  
$
(117,149
)
  
$
(152,594
)
Chinese Operations
    
(719,511
)
    
(1,006,725
)
   
$
(836,660
)
  
$
(1,159,319
)

The components of the provision for income taxes are as follows:

   
Year Ended December 31,
  
   
2012
    
2011
  
US Operations
  
$
-
    
$
-
  
Chinese Operations
    
-
      
17,670
  
   
$
-
    
$
17,670
  

The table below summarizes the reconciliation of the Company’s income tax provision computed at the statutory U.S. Federal rate and the actual tax provision:

   
Year Ended December 31,
  
   
2012
    
2011
  
              (As Restated)  
Income tax provision (benefit) at Federal statutory rate of 34%
  
$
(285,000
)
  
$
(394,000
)
State income taxes, net of Federal Benefit
    
(33,000
)
    
(46,000
)
U.S. tax rate in excess of PRC statutory rate of 25%
    
94,000
      
131,000
  
(Decrease) Increase in valuation allowance 
    
224,000
      
326,000
  
Tax provision (benefit)
  
$
-
    
$
17,000
  
 
 
F - 15
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 

The Company has net operating loss (“NOL carryforwards for United States income tax purposes at December 31, 2012 of approximately $2,632,000, which expire through the year 2032. The utilization of the Company’s NOL’s may be limited in the event of a change in ownership as defined under Section 382 of the Internal Revenue Code. In addition to NOL’s for the Company’s US operations, the Company has NOL’s for their PRC operations totaling approximately $1,700,000 as of December 31, 2012 which will expire if not utilized by the Company within five years.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company has recognized a valuation allowance for those deferred tax assets for which it is more likely than not that realization will not occur. The deferred tax assets of the Company’s U.S. parent, China Logistics Group, Inc., and its PRC subsidiary, are included below and have been fully reserved with a valuation allowance as management has concluded that it is more likely than not that it will fail to generate sufficient taxable income in the future to utilize these deferred tax assets.  In addition, management has determined that the acquisition of 51% of Shandong Jiajia may have limited the utilization of the Company’s NOL carryforward for U.S. Federal and State income tax purposes, due to a possible change in ownership as defined under Section 382 of Internal Revenue Code.
 
The Company’s deferred tax assets as of December 31, 2012 and 2011 are as follows:

   
December 31,
  
   
2012
    
2011
  
            (As Restated)  
Federal net operating loss carryforward
  
$
894,000
    
$
855,000
  
State net operating loss carryforward
    
105,000
      
101,000
  
PRC net operating loss carryforward
    
437,000
      
256,000
  
     
1,436,000
      
1,212,000
  
Valuation allowance
    
(1,436,000
)
    
(1,212,000
)
   
$
-
    
$
-
  

We periodically reassess the validity of our conclusions regarding uncertain income tax positions to determine if facts or circumstances have arisen that might cause us to change our judgment regarding the likelihood of a tax position’s sustainability under audit. The impact of this reassessment for the years ended December 31, 2012 and 2011 did not have any impact on our results of operations, financial conditions or liquidity.  We have concluded that we have not taken any uncertain tax positions on any of our open income tax returns that would materially distort our financial statements.

NOTE 9 – FOREIGN OPERATIONS
 
The table below presents information by regions for the years ended December 31, 2012 and 2011:

December 31, 2012
  
Sales
    
Assets
  
United States
  
$
-
    
$
-
  
PRC
    
23,133,394
      
4,172,009
  
   
$
23,133,394
    
$
4,172,009
  
December 31, 2011 (As Restated)
                
United States
  
$
-
    
$
22,257
  
PRC
    
24,869,518
      
6,057,449
  
   
$
24,869,518
    
$
6,079,706
  

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Rent expense from our office leases for 2012 and 2011 was $97,450 and $108,576, respectively.  We did not have any minimum, contingent, or sublease arrangements in these leases.  The table below reflects our minimum commitments for our various office leases in the U.S. and China for the years ended December 31, 2013 and thereafter:

Period
  
Total
  
Period ended December 31, 2013
  
 $
66,122
  
Thereafter
    
9,521
  
   
$
75,643
  


 
F - 16
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 

We lease approximately 7,008 square feet of office space from Mr. Chen, our Chairman and CEO, at 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011 which serves as our principal executive offices under a lease which expires on May 31, 2013.  Under the terms of this lease we pay Mr. Chen RMB 25,000 (approximately $3,966) per month in rent. We also pay a property management fee to an unrelated party of approximately RMB 11,719 (approximately $1,859) per month in connection with this lease. We plan on renewing the lease pursuant to the same term.
 
Previously, our China headquarters occupied approximately 2,368 square feet of leased office space in Qingdao, China, which was leased from an unrelated third party under a lease expiring on January 31, 2012 at an annual rental obligation of RMB 223,234 (approximately $33,823). In May 2012, we relocated our China headquarters office to 20 HongKongZhong Road, Golden Plaza, North Mansion, Suite 607, Qingdao, China.The new headquarters occupies approximately 1,830 square feet which is leased from an unrelated third party under a lease expiring on May 9, 2014. The annual rent of first year is approximately $24,610 (RMB 155,124), including property management fee $12,305 (RMB77, 562). The annual rent for the second year is approximately $25,590 (RMB 161,328), including the management fee which is approximately $12,791 (RMB 80,664).
 
We also rent various office spaces throughout China as set forth in the following table. The U.S. dollar amounts have been estimated based on current exchange rates.
 
Location
  
Approximate Square Feet
  
Annual Rent
  
Expiration of Lease
Xiamen Branch, Xiamen City, Fujian Province (1)
    
1,026
  
$1,713(RMB 10,800)
  
December 31, 2013
Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)
    
1,184
  
$4,759(RMB 30,000)
  
March 14, 2014
Tianjin Branch, Tianjin City (3)
    
2,088
  
$15,611(RMB 98,400)
  
April 30, 2013
 
(1)           We lease the offices for our Xiamen Branch from Mr. Xiangfen Chen, its General Manager.
 
(2)           We lease the offices for our Lianyuangang Branch from an unrelated third party. This lease expired on March 15, 2013, and the annual rent is $4,759. The lease agreement has been renewed to March 14, 2014 with an annual rent of $4,759. The rental fee is paid monthly.
 
(3)           We lease the offices for our Tianjin Branch from Mr. Bin Liu, its General Manager. We plan on renewing the lease pursuant to the same terms.
 
NOTE 11 – SUBSEQUENT EVENTS

On January 3, 2013, the Board of Directors of the Company issued 10,000,000 shares of its unregistered common stock, par value $0.001 per share to Mr. Wei Chen, the Company’s Chief Executive Officer. Of these shares, 5,000,000, valued at $15,000 as of the market price, were for Mr. Chen’s compensation as the Company’s CEO during its fiscal year 2012, and 5,000,000 are for his compensation as the Company’s CEO for services to be provided during its fiscal year 2013.
 
In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock.
 
On February 5, 2013, the Company and Hanover Holding I, LLC (“Hanover”) entered into a Securities Purchase Agreement, providing for the issuance of the 12% Convertible Promissory Note in the principal amount of $27,000. The 12% convertible promissory note and all accrued interest is due on October 5, 2012. Any amount of principal or interest on thisNote which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the duedate thereof until the note s paid. Hanover is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 70% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price").

 
F - 17
 
CHINA LOGISTICS GROUP, INC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012 and 2011
 

The Note has a Flex Floor at $0.0225 (the “Original Floor”).If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three consecutive trading days in order to maintain the Original Floor.If the stock is unable to meet these requirements after these 10 business days, a New Floor is setequivalent to 50% ofthe lowest trading price in the same 10 business days (the "New Floor").If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor.The stock will have to continue to maintain a price above the New Floor. If the price is unable to close abovethe New Floor for three consecutive trading days in 10 business days after the price hasdipped, the Flex Floor will be eliminated.If the Company’s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Company determined that the conversion feature of the 12% convertible promissory note represents an embedded derivative since the noteis convertible into a variable number of shares.  Accordingly, the 12% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 5, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/(expense) in the consolidated statements of operations.

On February 6, 2013, CD International Enterprises, Inc. assigned certain loans and interest it is owed by the Company amounting to $50,952 to Magna Group LLC (“Magna”). In connection with this assignment, the Company and Magna entered into a Securities Purchase Agreement, providing for the issuance of the 6% Convertible Promissory Note in the principal amount of $50,952. The 6% convertible promissory note and all accrued interest is due on February 6, 2014. Magna is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 30% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price"). Magna will have a one-time Conversion Price to be used upon the first conversion of the Note that is equal to a price which is a 30% discount from the lowest Daily VWAP in the 10 days prior to the day that Magna requests conversion. The Note has a Flex Floor at $.0225 (the “Original Floor”). If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three consecutive trading days in order to maintain the Original Floor. If the stock is unable to meet these requirements after these 10 business days, a New Floor is setequivalent to 50% ofthe lowest trading price in the same 10 business days (the "New Floor").If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor.The stock will have to continue to maintain a price above the New Floor. If the price is unable to closeabovethe New Floor for three consecutive trading days in 10 business days after the price has dipped, the Flex Floor will be eliminated. If the Company’s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. In February 2013, the entire outstanding principal amount and all accrued and unpaid interest was converted into 1,047,852 and 1,373,035 shares of Company’s common stock at the cost basis of $0.02863 per share and $0.01526 per share, respectively. The Company determined that the conversion feature of the convertible debentures represents an embedded derivative since the debentures are convertible into a variable number of shares. Accordingly, the 5% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 6, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/ (expense) in the consolidated statements of operations.
 
On April 8, 2013, the Company and China Direct Investments, Inc. (“CDI”) entered into a Convertible Note Agreement, providing for the issuance of the 4% Convertible Note in the principal amount of $82,143. The 4% convertible promissory note and all accrued interest is due on April 8, 2014. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of four percent (4%) per annum from the due date thereof until the date of issuance. CDI is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 20% discount from the lowest Daily VWAPs in the 10 days prior to the day that CDI requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price").

 
F - 18
 
 
NOTE 12 – RESTATEMENT

The Company’s consolidated financial statements have been restated as of December 31, 2011 and for the year ended December 31, 2011. On May 7, 2013, we determined that we incorrectly understated accounts receivable, net, advances to suppliers and accounts payable and accrued expenses and overstated beginning accumulated deficit. These restatements were caused by errors that occurred in the consolidation process and related to adjustments made to convert PRC GAAP financial statements to U.S. GAAP. Accordingly, the Company’s consolidated balance sheet at December 31, 2011 and the statement of operations and comprehensive income (loss), statement of changes in stockholders’ equity (deficit), and statement of cash flows for the year ended December 31, 2011 has been restated herein. The effect of correcting these errors in the Company’s consolidated financial statements is shown in the tables as follows:

Condensed consolidated Balance Sheet:
  
December 31, 2011
  
   
As Previously Reported
    
Adjustments to Restate
      
As Restated
  
Accounts receivable, net
     3,393,631       13,676  
(a)(b)
     3,407,307  
Other receivables, net
     598,750       (15,742 )
(a)(b)
     583,008  
Advance to vendors and other prepaid expenses
     -       24,356  
(a)(b)
     24,356  
Total current assets
     6,019,742       22,290         6,042,032  
Total Assets
   $ 6,057,416     $ 22,290       $ 6,079,706  
                           
Accounts payable - trade
     3,574,287       (473,627 )
(a)(b)
     3,100,660  
Accrued expenses and other current liabilities
     789,070       (158,717 )
(a)(b)
     630,353  
Total Current Liabilities
     6,209,469       (632,344 )       5,577,125  
Total Liabilities
     6,209,469       (632,344 )       5,577,125  
                           
Stockholders’ Equity (Deficit):
                          
Accumulated deficit
     (20,218,197 )     37,178  
(a)
        
              417,837  
(b)
     (19,763,182 )
Accumulated other comprehensive loss
     (144,033 )     (1,984 )
(a)
        
              4,118  
(b)
     (141,899 )
Total China Logistics Group, Inc. shareholders' equity
     316,708       457,149  
(a)(b)
     773,857  
Non-controlling interest
     (468,761 )     92,342  
(a)
     (271,276 )
              105,143  
(b)
        
 Total shareholders' equity (deficit)
     (152,053 )     654,634         502,581  
Total Liabilities and Stockholders’ Equity (Deficit)
   $ 6,057,416     $ 22,290       $ 6,079,706  
 
   
(a)
To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses in 2011
(b)
To adjust for the overstatement of accounts payable and accrued expenses and understatement of allowance for doubtful accounts related to 2009 and 2010.
 

 
F - 19
 
 
Condensed Consolidated Statement of Operations and Comprehensive Income (Loss):
  
For the Year ended December 31, 2011
  
   
As Previously Reported
    
Adjustments to Restate
      
As Restated
  
Sales
   $ 24,869,518     $ -       $ 24,869,518  
Cost of sales
     24,369,914       61,261  
(a)
     24,431,175  
Gross profit
     499,604       (61,261 )       438,343  
Operating expenses:
                          
Selling, general and administrative
     1,113,524       60,914  
(a)
     1,174,438  
Bad debt expense
     571,794       (253,599 )
(a)
     318,195  
Total operating expense
     1,685,318       (192,685 )       1,492,633  
Loss from operations
     (1,185,714 )     131,424         (1,054,290 )
Net loss
     (1,308,413 )     131,424         (1,176,989 )
Less: net loss attributable to the non-controlling interest
     596,199       (94,246 )
(a)
     501,953  
Net (loss) income attributable to China Logistics Group, Inc.
   $ (712,214 )   $ 37,178       $ (675,036 )
                           
Comprehensive Income (Loss):
                          
Net loss
   $ (1,308,413 )   $ 131,424       $ (1,176,989 )
Foreign currency translation (loss) gain
     (12,506 )     (1,984 )       (14,490 )
Comprehensive Loss
   $ (1,320,919 )   $ 129,440       $ (1,191,479 )
                           
Earnings (loss) per common share:
                          
  Basic
   $ (0.02 )   $ -       $ (0.02 )
  Diluted
   $ (0.02 )   $ -       $ (0.02 )
 
 
(a)
 
To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses
    

                   
Condensed Consolidated Statement of Cash Flows:
  
For the Year ended December 31, 2011
  
   
As Previously Reported
    
Adjustments to Restate
    
As Restated
  
Net Loss
   $ (1,308,413 )   $ 131,424     $ (1,176,989 )
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
                        
  Bad debt
     (42,625 )     298,337       255,712  
Increase (decrease) in cash attributable to changes in operating assets and liabilities:
                        
Accounts receivable:
     (246,478 )     (411,989 )     (658,467 )
  Other receivables
     418,956       15,742       434,698  
Advance to vendors and other prepaid expenses
     347,409       (24,356 )     323,053  
Accounts payable
     915,577       (84,074 )     831,503  
Accrued expenses and other current liabilities
     95,505       69,001       164,506  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
     207,320       (5,915 )      201,405  
                         
EFFECT OF EXCHANGE RATE ON CASH
     (24,520 )     (5,915 )     (18,605 )
NET INCREASE IN CASH
     87,048       -       87,048  

 
F - 20
 
 
 EX-4.2 2 exh4-2.htm 6% CONVERTIBLE PROMISSORY NOTE DATED FEBRUARY 6, 2013 IN THE PRINCIPAL AMOUNT OF $50,952.50 DUE MAGNA GROUP LLC exh4-2.htm
Exhibit 4.2

China Logistics Group, Inc.
$50,952.50
 
SIX PERCENT (6%) CONVERTIBLE NOTE DATED FEBRUARY 6, 2013

THIS NOTE (the "Note") is a duly authorized Convertible Note of China Logistics Group, Inc., a (n) FLORIDA corporation (the "Company").

FOR VALUE RECEIVED, the Company promises to pay Magna Group, LLC (the "Holder"), the principal sum of $50,952.50 (the "Principal Amount") or such lesser principal amount following the conversion or conversions of this Note in accordance with Paragraph 2 (the "Outstanding Principal Amount") on February 6, 2014 (the "Maturity Date"), and to pay interest on the Outstanding Principal Amount ("Interest") in a lump sum on the Maturity Date, at the rate of six percent (6%) per Annum (the "Rate") from the date of issuance.

Accrual of Interest shall commence on the date of this Note and continue until the Company repays or provides for repayment in full the Outstanding Principal Amount and all accrued but unpaid Interest. Accrued and unpaid Interest shall bear Interest at the Rate until paid, compounded monthly. The Outstanding Principal Amount of this Note is payable on the Maturity Date in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts, at the address last appearing on the Note Register of the Company as designated in writing by the Holder from time to time. The Company may prepay principal and interest on this Note at any time before the Maturity Date.

The Company will pay the Outstanding Principal Amount of this Note on the Maturity Date, free of any withholding or deduction of any kind (subject to the provision of paragraph 2 below), to the Holder as of the Maturity Date and addressed to the Holder at the address appearing on the Note Register.

This Note is subject to the following additional provisions:

1.           All payments on account of the Outstanding Principal Amount of this Note and all other amounts payable under this Note (whether made by the Company or any other person) to or for the account of the Holder hereunder shall be made free and clear of and without reduction by reason of any present and future income, stamp, registration and other taxes, levies, duties, cost, and charges whatsoever imposed, assessed, levied or collected by the United States or any political subdivision or taxing authority thereof or therein, together with interest thereon and penalties with respect thereto, if any, on or in respect of this Note (such taxes, levies, duties, costs and charges being herein collectively called "Taxes").

2.           The Holder of this Note is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the Outstanding Principal Amount and accrued but unpaid Interest into Common Stock at a conversion price (the "Conversion Price") for each share of Common Stock equal to a price which is a 30% discount from the average of the two (2) lowest Daily VW APs in the ten (10) days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price"). The Holder of the note will have a one-time Conversion Price to be used upon the first conversion of the Note that is equal to a price which is a 30% discount from the lowest Daily VW AP in the ten (10) days prior to the day that the Holder requests conversion. The Note will have a FlexFloor at $.0225 (Please refer to "Exhibit A" for FlexFloor mechanisms). (The Common stock into which the Note is converted shall be referred to in this agreement as "Conversion Shares.") If the Issuer's Common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Issuer will not be obligated to issue fractional Conversion Shares. For purpose of this section, the closing bid price of the Common Stock shall be the closing bid price as reported by the Nasdaq Stock Market, or the closing bid price in the over-the-counter market or, if the Common Stock is listed on another stock market or exchange, the closing bid price on such exchange as reported in the Wall Street Journal. The Holder may convert this Note into Common Stock by surrendering the Note to the Company, with the form of conversion notice attached to the Note as Exhibit B, executed by the Holder of the Note evidencing such Holder's intention to convert the Note.

 
- 1 -
 
 
The Company will not issue fractional shares or scrip representing fractions of shares of Common Stock on conversion, but the Company will round the number of shares of Common Stock issuable up to the nearest whole share. The date on which a Notice of Conversion is given shall be deemed to be the date on which the Holder notifies the Company of its intention to so convert by delivery, by facsimile transmission or otherwise, of a copy of the Notice of Conversion. Notice of Conversion may be sent by email to the Company, attn: Mr. Wei Chen, CEO. The Holder will deliver this Note, together with original executed copy of the Notice of Conversion, to the Company within three (3) business days following the Conversion Date. At the Maturity Date, the Company will pay any unconverted Outstanding Principal Amount and accrued Interest thereon, at the option of the Company, in either (a) cash or (b) Common Stock valued at a price equal to the Conversion Price determined as if the Note was converted in accordance with its terms into Common Stock on the Maturity Date.

3.           No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to the payment of the Outstanding Principal Amount of this Note at the Maturity Date, and in the coin or currency herein prescribed. This Note and all other Notes now or hereafter issued on similar terms are direct obligations of the Company. In the event of any liquidation, reorganization, winding up or dissolution, repayment of this Note shall not be subordinate in any respect to any other indebtedness of the Company outstanding as of the date of this Note or hereafter incurred by the Company.

Such non-subordination shall extend without limiting the generality of the foregoing, to all indebtedness of the Company to banks, financial institutions; other secured lenders, equipment lessors and equipment finance companies, but shall exclude trade debts. Any warrants, options or other securities convertible into stock of the Company issued before the date hereof shall rank pari passu with the Note in all respects

4.           If at any time or from time to time after the date of this Note, the Common Stock issuable upon the conversion of the Note is changed into the same or different numbers of shares of any class or classes of stock, whether by recapitalization or otherwise, then in each such event the Holder shall have the right thereafter to convert the Note into the kind of security receivable in such recapitalization, reclassification or other change by holders of Common Stock, all subject to further adjustment as provided herein. In such event, the formulae set forth herein for conversion and redemption shall be equitably adjusted to reflect such change in number of shares or, if shares of a new class of stock are issued, to reflect the market price of the class or classes of stock issued in connection with the above described transaction.

5.           Events of Default.

5.1. A default shall be deemed to have occurred upon anyone of the following events:
5.1.1. Withdrawal from registration of the Issuer under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), either voluntary or involuntary.

5.1.2. Issuer filing for bankruptcy protection under the federal bankruptcy laws, the calling of a meeting of creditors, or any act of insolvency under any state law regarding insolvency, without written notification to the Investor within five business days of such filing, meeting or action.

 
- 2 -
 

5.1.3. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring or issuing (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice of Conversion.

    5.1.4. Failure to pay the principal and unpaid but accrued interest on the Note when due.

5.1.5. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

5.1.6. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.
 
5.1.7.           The failure by Borrower to maintain any material intellectual property rights, personal, real property or other assets which are necessary to conduct its business (whether now or in the future).
 
5.1.8.           The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.
 
5.1.9           In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocable reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Holder and the Borrower.
 
5.1.10 The failure by Borrower to pay any and all Post-Closing Expenses as defined in section 7.4.
 
5.1.11 From and after the initial trading, listing or quotation of the Common Stock on a Principal Market, an event resulting in the Common Stock no longer being traded, listed or quoted on a Principal Market; failure to comply with the requirements for continued quotation on a Principal Market; or notification from a Principal Market that the Borrower is not in compliance with the conditions for such continued quotation and such non-compliance continues for seven (7) trading days following such notification.

 
- 3 -
 

5.2. Default remedies. Upon the occurrence and during the continuation of any Event of Default specified in Section 2.6.4 (solely with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 2.6.3, THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGTAIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (2) TWO (2). Upon the occurrence and during the continuation of any Event of Default specified in Sections 2.6.4 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note, 2.6.1, 2.6.2, 2.6.5, 2.6.6, 2.6.7, 2.6.8, and/or 2.6.9 exercisable through the delivery of written notice to the Borrower by such Holders (the "Default Notice"), and upon the occurrence of an Event of Default specified in the remaining sections of Section 2.6 (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 2.6.4 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% _times the _sum of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the "Mandatory Prepayment Date") plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) (the then outstanding principal amount of this Note to the date of payment plus the amounts referred to in clauses (x) and (y) shall collectively be known as the "Default Sum") or (ii) the "parity value" of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum, treating the Trading Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date" for purposes of determining the lowest applicable Conversion Price, unless the Default Event arises as a result of such breach in respect of a specific Conversion Date in which case such Conversion Date shall be the Conversion Date, multiplied by (b) the highest Closing Price for the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the "Default Amount") and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at low or in equity.

If the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock ofthe Borrower equal to the Default Amount divided by the Conversion Price then in effect.

6.           Prepayment. At any time that the Note remains outstanding, upon three business days' written notice (the "Prepayment Notice") to the Holder, the Company may pay 150% ofthe entire Outstanding Principal Amount of the Note plus any accrued but unpaid Interest. If the Company gives written notice of prepayment, the Holder continues to have the right to convert principal and interest on the Note into Conversion Shares until three business days elapses from the Prepayment Notice.

7.           Anti-Dilution. If, at any time the Note is outstanding, the Issuer issues Common Stock, or grants options or warrants, at a price per share that is less than the Conversion Price on the date of such issuance or grant, the Conversion Price will be adjusted to such lower price for the remainder of the term of the Note.


 
- 4 -
 

8.           The Company covenants that until all amounts due under this Note are paid in full, by conversion or otherwise, unless waived by the Holder or subsequent Holder in writing, the Company shall: give prompt written notice to the Holder of any Event of Default or of any other matter which has resulted in, or could reasonably be expected to result in a materially adverse change in its financial condition or operations; give prompt notice to the Holder of any claim, action or proceeding which, in the event of any unfavorable outcome, would or could reasonably be expected to have a Material Adverse Effect (as defined in the Note Purchase Agreement) on the financial condition of the Company; at all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion ofthis Note into Common Stock, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Outstanding Principal Amount of this Note into Common Stock.

9.           Upon receipt by the Company of evidence from the Holder reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note,

(i)  
in the case of loss, theft or destruction, upon provision of indemnity reasonably satisfactory to it and/or its transfer agent, or

(ii)  
in the case of mutilation, upon surrender and cancellation of this Note, then the Company at its expense will execute and deliver to the Holder a new Note, dated the date of the lost, stolen, destroyed or mutilated Note, and evidencing the outstanding and unpaid principal amount of the lost, stolen, destroyed or mutilated Note.

10.           If any term in this Note is found by a court of competent jurisdiction to be unenforceable, then the entire Note shall be rescinded, the consideration proffered by the Holder for the remaining Debt acquired by the Holder not converted by the Holder in accordance with this Note shall be returned in its entirety and any Conversion Shares in the possession or control of the Investor shall be returned to the Issuer.
 
   11.               The Note and the Agreement between the Company and the Holder (including all Exhibits thereto) constitute the full and entire understanding and agreement between the Company and the Holder with respect to the subject hereof. Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the Company and the Holder.

12.           This Note shall be governed by and construed in accordance with the internal laws of the State of New York.

13.           Legal Opinion. The Issuer's counsel has provided an opinion regarding the applicable exemption from registration under the Securities Act for the issuance of the Conversion Shares pursuant to the terms and conditions of this Agreement and the Note, which provides that upon conversion at any time following the date hereof, the shares received as a result of the conversion shall be issued unrestricted in accordance with the appropriate exemption. If the Issuer declines to provide, or requests that Investor counsel prepare an opinion, the Issuer agrees to bear the cost of the letter.

14.           Conditions. The Issuer acknowledges the Investor's participation in respect to this Agreement is on a conditions permitting basis. In the event that the transaction risk profile substantially changes, market pricing or implied volatility substantial1y change, due diligence raises concerns or any other conditions material to the successful closing of the transaction change, the Investor reserves the right to terminate the Agreement at any time before delivering to the Non Affiliate Debt holder the cash consideration as described hereof.

15.           Post-Closing Expenses. The Issuer will bear any and all miscellaneous expenses that may arise as a result of this Agreement post-closing. These expenses include, but are not limited to, the cost of legal opinion production, transfer agent fees, equity issuance fees, etc. The failure to pay any and all Post-Closing Expenses will be deemed a default as described in Section 5.1.1 0 herein.

 
- 5 -
 

16.           Miscellaneous

16.1. Counterparts. This Agreement may be executed in any number of counterparts by original, facsimile or email signature. All executed counterparts shall constitute one Agreement not withstanding that all signatories are not signatories to the original or the same counterpart. Facsimile and scanned signatures are considered original signatures.

16.2. Severability. This Agreement is not severable. If any term in this Agreement is found by a court of competent jurisdiction to be unenforceable, then the entire Agreement shall be rescinded, the consideration proffered by the Investor for the remaining Debt acquired by Investor not converted by the Investor in accordance with this Agreement shall be returned in its entirety and any Conversion Shares in the possession or control of the Investor shall be returned to the Issuer.

16.3. Legal Fees. Except as provided in Section IS of this agreement, each Party will bear its own legal expenses in the execution of this Agreement. If the Issuer defaults and the Investor is required to expend funds for legal fees and expenses, such costs will be reimbursed to the Investor, solely by the Issuer.

16.4. Modification. This Agreement and the Note may only be modified in a writing signed by all Parties.

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by an officer thereunto duly authorized, as of the date first written above.

China Logistics Group, Inc.

/s/ Wei Chen, CEO


 
- 6 -
 


Exhibit A.
February 6, 2013
China Logistics Group, Inc. FlexFloor

1.     The FlexFloor for this Agreement is $0.0225 (the "Original Floor").
2.     If the stock goes below the Original Floor, the stock has ten (10) business days during which the stock must close above the Original Floor for three (3) consecutive trading days in order to maintain the Original Floor.
3.     If the stock is unable to meet these requirements after these ten (10) business days, a New Floor is set equivalent to 50% of the lowest trading price in the same ten (10) business days (the "New Floor").
4.     If the stock price dips below the New Floor, the stock will once again have ten (10) business days during which the stock must close above the New Floor for three (3) consecutive trading days in order to maintain the New Floor.
5.     The stock will have to continue to maintain a price above the New Floor. Lf the price is unable to close above the New Floor for three (3) consecutive trading days in ten (10) business days after the price has dipped, the FlexFloor will be eliminated.

Acknowledged and Agreed China Logistics Group, Inc.
Wei Chen CEO
 
 

 
 
 


Exhibit B.
NOTICE OF CONVERSION

The undersigned hereby elects to convert $____                                                                                     principal amount of the Note (defined below) into Shares of Common Stock of China Logistics Group, Inc., a(n) FLORIDA Corporation (the "Borrower") according to the conditions of the convertible Notes of the Borrower dated as of February 6, 2013 (the "Notes"), as of the date written below. No fee will be charged to the Holder or Holder's Custodian for any conversion, except for transfer taxes, if any.

Box Checked as to applicable instructions:

[ ]           The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system ("DW AC Transfer").
Name of DTC Prime Broker:                                                      ____________________________
Account Number:                                ___________________________________

[ ]           The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder's calculation attached hereto) in the name(s) specified immediately below:

Magna Group, LLC
EIN #: 27-2162659

Date of Conversion: _____________________________
Conversion Price: _______________________________
Shares to Be Delivered: __________________________
Remaining Principal Balance
Due After This Conversion: ______________________

Signature ______________________________

Print Name: ____________________________
 EX-4.3 3 exh4-3.htm CONVERTIBLE PROMISSORY NOTE DATED FEBRUARY 5, 2013 IN THE PRINCIPAL AMOUNT OF $27,000 DUE HANOVER HOLDINGS I, LLC exh4-3.htm
Exhibit 4.3
 
NEITHER THE ISSUANCE NOR SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

Principal Amount: $27,000                                                                     Issue Date: February 5, 2013
 Purchase Price: $27,000

CONVERTIBLE PROMISSORY NOTE

FOR VALUE RECEIVED, China Logistics Group, Inc., a FLORIDA corporation (hereinafter called the "Borrower"), hereby promises to pay to the order of HANOVER HOLDINGS I, LLC, a NEW YORK corporation, or registered assigns (the "Holder") the sum of Twenty Seven Thousand ($27,000), on October 5, 2013 (the "Maturity Date"), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the "Interest Rate") per annum from the date hereof (the "Issue Date") until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth in Section 1.9 hereof. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock, (the "Common Stock") in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day which is a business day and, in the case of any interest payment date which is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining the amount of interest due on such date. As used in this Note, the term "business day" shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive order to remain closed. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the "Purchase Agreement").
This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

The following terms shall apply to this Note:

ARTICLE 1. CONVERSION RIGHTS
 
1.1           Conversion Right. The Holder shall have the right from time to time, and at any time
 
during the period beginning on the date of this Note and ending on the later of (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III) pursuant to Section 1.6(a) or Article III, each in respect of the remaining outstanding principal amount of this Note to convert all or any part of the outstanding and unpaid principal amount of this Note into fully paid and non- assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the "Conversion Price") determined as provided herein (a "Conversion"); provided, however, that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock.

 
- 1 -
 


For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso, provided, further, however, that the limitations on conversion may be waived by the Holder upon, at the election of the Holder, not less than 61 days' prior notice to the Borrower and the provisions of the conversion limitation shall continue to apply until such 61 sl day (or such later date, as determined by the Holder, as may be specified in such notice of waiver). The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the "Notice of Conversion"), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the "Conversion Date"). The term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Borrower's option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date, provided, however, that the Company shall have the right to pay any or all interest in cash plus (3) at the Borrower's option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) plus (4) at the Holder's option, any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof.

1.2           Conversion Price.
 
(a)           Calculation of Conversion Price. The conversion price (the "Conversion Price")
 
shall be the Variable Conversion Price (as defined herein)(subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 70% multiplied by the Market Price (as defined herein). "Market Price" means the average of the two (2) lowest VWAPs (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. "VW AP" means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the OTC Bulletin Board is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the OTC Bulletin Board, (c) if the Common Stock is not then listed or quoted for trading on the OTC Bulletin Board and if prices for the Common Stock are then reported in the "Pink Sheets" published by Pink OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Holders of a majority in interest of the Securities then outstanding and reasonably acceptable to the Maker, the fees and expenses of which shall be paid by the Maker. If the Issuer's Common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Note will have a FlexFloor at $.0225 (Please refer to "Exhibit B" for FlexFloor mechanisms). (The Common stock into which the Note is converted shall be referred to in this agreement as "Conversion Shares.") If the Issuer's Common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Issuer will not be obligated to issue fractional Conversion Shares. For purpose of this section, the closing bid price of the Common Stock shall be the closing bid price as reported by the Nasdaq Stock Market, or the closing bid price in the over-the-counter market or, if the Common Stock is listed on another stock market or exchange, the closing bid price on such exchange as reported in the Wall Street Journal. The Holder may convert this Note into Common Stock by surrendering the Note to the Company, with the form of conversion notice attached to the Note as Exhibit A, executed by the Holder of the Note evidencing such Holder's intention to convert the Note.

 
- 2 -
 


(b)           Conversion Price During Major Announcements. Notwithstanding anything contained in Section 1.2(a) to the contrary, in the event the Borrower (i) makes a public announcement that it intends to consolidate or merge with any other corporation (other than a merger in which the Borrower is the surviving or continuing corporation and its capital stock is unchanged) or sell or transfer all or substantially all of the assets of the Borrower or (ii) any person, group or entity (including the Borrower) publicly announces a tender offer to purchase 50% or more of the Borrower's Common Stock (or any other takeover scheme) (the date of the announcement referred to in clause (i) or (ii) is hereinafter referred to as the "Announcement Date"), then the Conversion Price shall, effective upon the Announcement Date and continuing through the Adjusted Conversion Price Termination Date (as defined below), be equal to the lower of (x) the Conversion Price which would have been applicable for a Conversion occurring on the Announcement Date and (y) the Conversion Price that would otherwise be in effect. From and after the Adjusted Conversion Price Termination Date, the Conversion Price shall be determined as set forth in this Section 1.2(a). For purposes hereof, "Adjusted Conversion Price Termination Date" shall mean, with respect to any proposed transaction or tender offer (or takeover scheme) for which a public announcement as contemplated by this Section 1.2(b) has been made, the date upon which the Borrower (in the case of clause (i) above) or the person, group or entity (in the case of clause (ii) above) consummates or publicly announces the termination or abandonment of the proposed transaction or tender offer (or takeover scheme) which caused this Section 1.2(b) to become operative.

1.3           Authorized Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Note (based on the Conversion Price of the Notes in effect from time to time) (the "Reserved Amount"). The Reserved Amount shall be increased from time to time in accordance with the Borrower's obligations pursuant to Section 4(g) of the Purchase Agreement. The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Notes. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note. If, at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

1.4           Method of Conversion.
 
(a)           Mechanics of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time from time to time after the Issue Date, by : (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note at the principal office of the Borrower.
 
(b)           Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion. In the event of any dispute or discrepancy, such records of the Borrower shall, prima facie, be controlling and determinative in the absence of manifest error. Notwithstanding the foregoing, if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note unless the Holder first physically surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order of the Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes) may request, representing in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee, by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted principal amount of this Note represented by this Note may be less than the amount stated on the face hereof.

 
- 3 -
 

 
    (c)           Payment of Taxes. The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock or other securities or property on conversion of this Note in a name other than that of the Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities or property unless and until the person or persons (other than the Holder or the custodian in whose street name such shares are to be held for the Holder's account) requesting the issuance thereof shall have paid to the Borrower the amount of any such tax or shall have established to the satisfaction of the Borrower that such tax has been paid.
 
(d)           Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt ( but in any event the fifth (5th) business day being hereinafter referred to as the "Deadline") (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of the this Note) in accordance with the terms hereof and the Purchase Agreement.
 
(e)           Obligation of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations under this Article I, all rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion as provided herein, the Borrower's obligation to issue and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall be the Conversion Date so long as the Notice of Conversion is received by the Borrower before 6:00 p.m., New York, New York time, on such date.
 
(f)           Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable upon conversion, provided the Borrower's transfer agent is participating in the Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST") program, upon request of the Holder and its compliance with the provisions contained in Section 1.1 and in this Section 1.4, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account of Holder's Prime Broker with DTC through its Deposit Withdrawal Agent Commission ("DW AC") system.
 
(g)           Failure to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder's right to pursue other remedies, including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note is not delivered by the Deadline (other than a failure due to the circumstances described in Section 1.3 above, which failure shall be governed by such Section) the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, interference with such conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge that the liquidated damages provision contained in this Section 1.4(g) are justified.

 
- 4 -
 


1.5           Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or a successor rule) ("Rule 144") or (iv) such shares are transferred to an "affiliate" (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement). Except as otherwise provided in the Purchase Agreement (and subject to the removal provisions set forth below), until such time as the shares of Common Stock issuable upon conversion of this Note have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold, each certificate for shares of Common Stock issuable upon conversion of this Note that has not been so included in an effective registration statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend substantially in the following form, as appropriate:
 
"NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. "
 
The legend set forth above shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected or (ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulations S, at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

1.6           Effect of Certain Events.
 
(a)           Effect of Merger. Consolidation. Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i) be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III) or (ii) be treated pursuant to Section 1.6(b) hereof. "Person" shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.
 
(b) Adjustment Due to Merger. Consolidation. Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all ofthe assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof.

 
- 5 -
 


The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but in any event at least fifteen (15) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Section 1.6(b). The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.
 
(c) Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (Le., a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.
 
(d) Adjustment Due to Dilutive Issuance. If, at any time when any Notes are issued and outstanding, the Borrower issues or sells, or in accordance with this Section 1.6( d) hereof is deemed to have issued or sold, any shares of Common Stock for no consideration or for a consideration per share (before deduction of reasonable expenses or commissions or underwriting discounts or allowances in connection therewith) less than the Conversion Price in effect on the date of such issuance (or deemed issuance) of such shares of Common Stock (a "Dilutive Issuance"), then immediately upon the Dilutive Issuance, the Conversion Price will be reduced to the amount of the consideration per share received by the Borrower in such Dilutive Issuance.
 
The Borrower shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or grants any warrants, rights or options (not including employee stock option plans), whether or not immediately exercisable, to subscribe for or to purchase Common Stock or other securities convertible into or exchangeable for Common Stock ("Convertible Securities") (such warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred to as "Options") and the price per share for which Common Stock is issuable upon the exercise of such Options is less than the Conversion Price then in effect, then the Conversion Price shall be equal to such price per share. For purposes of the preceding sentence, the "price per share for which Common Stock is issuable upon the exercise of such Options" is determined by dividing (i) the total amount, if any, received or receivable by the Borrower as consideration for the issuance or granting of all such Options, plus the minimum aggregate amount of additional consideration, if any, payable to the Borrower upon the exercise of all such Options, plus, in the case of Convertible Securities issuable upon the exercise of such Options, the minimum aggregate amount of additional consideration payable upon the conversion or exchange thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of Common Stock issuable upon the exercise of all such Options (assuming full conversion of Convertible Securities, if applicable). No further adjustment to the Conversion Price will be made upon the actual issuance of such Common Stock upon the exercise of such Options or upon the conversion or exchange of Convertible Securities issuable upon exercise of such Options.
 
Additionally, the Borrower shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or sells any Convertible Securities, whether or not immediately convertible (other than where the same are issuable upon the exercise of Options), and the price per share for which Common Stock is issuable upon such conversion or exchange is less than the Conversion Price then in effect, then the Conversion Price shall be equal to such price per share. For the purposes of the preceding sentence, the "price per share for which Common Stock is issuable upon such conversion or exchange" is determined by dividing (i) the total amount, if any, received or receivable by the Borrower as consideration for the issuance or sale of all such Convertible Securities, plus the minimum aggregate amount of additional consideration, if any, payable to the Borrower upon the conversion or exchange thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of Common Stock issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Conversion Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.
 
(e)                Purchase Rights. If, at any time when any Notes are issued and outstanding, the Borrower issues any convertible securities or rights to purchase stock, warrants, securities or other property (the "Purchase Rights") pro rata to the record holders of any class of Common Stock, then the Holder of this Note will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had held the number of shares of Common Stock acquirable upon complete conversion of this Note (without regard to any limitations on conversion contained herein) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record is taken, the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.

 
- 6 -
 

 
(f)           Notice of Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the events described in this Section 1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and prepare and furnish to the Holder of a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such Holder a like certificate setting forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in effect and (iii) the number of shares of Common Stock and the amount, if any, of other securities or property which at the time would be received upon conversion of the Note.

1.7           Trading Market Limitations. Unless permitted by the applicable rules and regulations of the principal securities market on which the Common Stock is then listed or traded, in no event shall the Borrower issue upon conversion of or otherwise pursuant to this Note and the other Notes issued pursuant to the Purchase Agreement more than the maximum number of shares of Common Stock that the Borrower can issue pursuant to any rule of the principal United States securities market on which the Common Stock is then traded (the "Maximum Share Amount"), which shall be 4.99% of the total shares outstanding on the Closing Date (as defined in the Purchase Agreement), subject to equitable adjustment from time to time for stock splits, stock dividends, combinations, capital reorganizations and similar events relating to the Common Stock occurring after the date hereof. Once the Maximum Share Amount has been issued, if the Borrower fails to eliminate any prohibitions under applicable law or the rules or regulations of any stock exchange, interdealer quotation system or other self¬regulatory organization with jurisdiction over the Borrower or any of its securities on the Borrower's ability to issue shares of Common Stock in excess of the Maximum Share Amount, in lieu of any further right to convert this Note, this will be considered an Event of Default under Section 3.3 of the Note.

1.8           Status as Shareholder. Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby (other than the shares, if any, which cannot be issued because their issuance would exceed such Holder's allocated portion of the Reserved Amount or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the Holder's rights as a Holder of such converted portion of this Note shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure by the Borrower to comply with the terms of this Note. Notwithstanding the foregoing, if a Holder has not received certificates for all shares of Common Stock prior to the tenth (10th) business day after the expiration of the Deadline with respect to a conversion of any portion of this Note for any reason, then (unless the Holder otherwise elects to retain its status as a holder of Common Stock by so notifying the Borrower) the Holder shall regain the rights of a Holder of this Note with respect to such unconverted portions of this Note and the Borrower shall, as soon as practicable, return such unconverted Note to the Holder or, if the Note has not been surrendered, adjust its records to reflect that such portion of this Note has not been converted. In all cases, the Holder shall retain all of its rights and remedies (including, without limitation, (i) the right to receive Conversion Default Payments pursuant to Section 1.3 to the extent required thereby for such Conversion Default and any subsequent Conversion Default and (ii) the right to have the Conversion Price with respect to subsequent conversions determined in accordance with Section 1.3) for the Borrower's failure to convert this Note.

1.9           Prepayment. Notwithstanding anything to the contrary contained in this Note, so long as the Borrower has not received a Notice of Conversion from the Holder, then at any time during the period beginning on the Issue Date and ending on the date which is ninety (90) days following the issue date, the Borrower shall have the right, exercisable on not less than three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this Section 1.9. Any notice of prepayment hereunder (an "Optional Prepayment Notice") shall be delivered to the Holder of the Note at its registered address and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the "Optional Prepayment Date"), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to or upon the order of the Holder as specified by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Prepayment Date. If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the Holder of an amount in cash (the "Optional Prepayment Amount") equal to 150%, multiplied by the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof. If the Borrower delivers and Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.9.

 
- 7 -
 



ARTICLE II. CERTAIN COVENANTS

2.1           Distributions on Capital Stock. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the Holder's written consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution in respect of its capital stock except for distributions pursuant to any shareholders' rights plan which is approved by a majority of the Borrower's disinterested directors.

2.2           Restriction on Stock Repurchases. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the Holder's written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other securities or otherwise) in anyone transaction or series of related transactions any shares of capital stock of the Borrower or any warrants, rights or options to purchase or acquire any such shares.

2.3           Borrowings. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder's written consent, create, incur, assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any person, firm, partnership, joint venture or corporation, except by the endorsement of negotiable instruments for deposit or collection, or suffer to exist any liability for borrowed money, except (a) borrowings in existence or committed on the date hereof and of which the Borrower has informed Holder in writing prior to the date hereof, (b) indebtedness to trade creditors or financial institutions incurred in the ordinary course of business or (c) borrowings, the proceeds of which shall be used to repay this Note.

2.4           Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

2.5           Advances and Loans. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder's written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a) in existence or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof, (b) made in the ordinary course of business or (c) not in excess of $100,000.

ARTICLE III. EVENTS OF DEFAULT

If any of the following events of default (each, an "Event of Default") shall occur:

3.1           Failure to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity, upon acceleration or otherwise.

3.2           Conversion and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing( electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove ( or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice of Conversion.

 
- 8 -
 


3.3           Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period often (10) days after written notice thereof to the Borrower from the Holder;

3.4           Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement;

3.5           Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed;

3.6           Judgments. Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or any of its property or other assets for more than $50,000, and shall remain unvacated, unbonded or unstayed for a period of twenty (20) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld;

3.7           Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower;

3.8           Delisting of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTCBB or an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the American Stock Exchange;

3.9           Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

3.10 portion of its business liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial

3.11 Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.

3.12           Maintenance of Assets. The failure by Borrower to maintain any material intellectual property rights, personal, real property or other assets which are necessary to conduct its business (whether now or in the future).

3.13           Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

3.14           Reverse Splits. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

3.15           Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocable reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Holder and the Borrower.


 
- 9 -
 


3.16           Failure to Pay Post-Closing Expenses. The failure by Borrower to pay any and all Post- Closing Expenses as defined in section 4.6.

3.17           Delisting. From and after the initial trading, listing or quotation of the Common Stock on a Principal Market, an event resulting in the Common Stock no longer being traded, listed or quoted on a Principal Market; failure to comply with the requirements for continued quotation on a Principal Market; or notification from a Principal Market that the Borrower is not in compliance with the conditions for such continued quotation and such non-compliance continues for seven (7) trading days following such notification.

3.18           Cross-Default. Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable notice and cure or grace periods, shall, at the option of the Borrower, be considered a default under this Note and the Other Agreements, in which event the Holder shall be entitles (but in no event required) to apply all rights and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. "Other Agreements" means collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term "Other Agreements" shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future debt of Borrower to the Holder.

Upon the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIA TEL Y DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGTAIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3, 3.4, 3.6, 3.8, 3.9, 3.11, 3.12, 3.13, 3.14, and/or 3.15 exercisable through the delivery of written notice to the Borrower by such Holders (the "Default Notice"), and upon the occurrence of an Event of Default specified in the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3.1 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% times the sum of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the "Mandatory Prepayment Date") plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment plus the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the "Default Sum") or (ii) the "parity value" of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date" for purposes of determining the lowest applicable Conversion Price, unless the Default Event arises as a result of such breach in respect of a specific Conversion Date in which case such Conversion Date shall be the Conversion Date, multiplied bv (b) the highest Closing Price for the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the "Default Amount") and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at low or in equity.

If the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.


 
- 10 -
 


ARTICLE IV. MISCELLANEOUS

4.1           Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

4.2           Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective

(a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

If to the Borrower, to:
China Logistics Group, Inc.
23F GUTAI BEACH BUILDING NO 969 ZHONGSHAN ROAD
SHANGHAI, CHINA 200011
Attn: Mr. Wei Chen, CEO

If to the Holder:
MAGNA GROUP
5 HANOVER SQUARE NEW YORK, NY 10004
Attn: Joshua Sason, Managing Member

4.3           Amendments. This Note and any provIsIOn hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term "Note" and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or iflater amended or supplemented, then as so amended or supplemented.

4.4           Assignability. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Each transferee of this Note must be an "accredited investor" (as defined in Rule 501(a) of the 1933 Act). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with a _bo_n_a _fid_e margin account or other lending arrangement.

4.5           Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable attorneys' fees.

4.6           Post-Closing Expenses. The Issuer will bear any and all miscellaneous expenses that may arise as a result of this Agreement post-closing. These expenses include, but are not limited to, the cost of legal opinion production, transfer agent fees, equity issuance fees, etc. The failure to pay any and all Post-Closing Expenses will be deemed a default as described in Section 2.6.10 herein.

 
- 11 -
 


4.6           Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision ofthis Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this

Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

4.7                Certain Amounts. Whenever pursuant to this Note the Borrower is required to pay an amount in excess of the outstanding principal amount (or the portion thereof required to be paid at that time) plus accrued and unpaid interest plus Default Interest on such interest, the Borrower and the Holder agree that the actual damages to the Holder from the receipt of cash payment on this Note may be difficult to determine and the amount to be so paid by the Borrower represents stipulated damages and not a penalty and is intended to compensate the Holder in part for loss of the opportunity to convert this Note and to earn a return from the sale of shares of Common Stock acquired upon conversion of this Note at a price in excess of the price paid for such shares pursuant to this Note. The Borrower and the Holder hereby agree that such amount of stipulated damages is not plainly disproportionate to the possible loss to the Holder from the receipt of a cash payment without the opportunity to convert this Note into shares of Common Stock.

4.8           Purchase Agreement. By its acceptance of this Note, each party agrees to be bound by
the applicable terms of the Purchase Agreement.

4.9           Notice of Corporate Events. Except as otherwise provided below, the Holder of this Note shall have no rights as a Holder of Common Stock unless and only to the extent that it convel1s this Note into Common Stock. The Borrower shall provide the Holder with prior notification of any meeting of the Borrower's shareholders (and copies of proxy materials and other information sent to shareholders). In the event of any taking by the Borrower of a record of its shareholders for the purpose of determining shareholders who are entitled to receive payment of any dividend or other distribution, any right to subscribe for, purchase or otherwise acquire (including by way of merger, consolidation, reclassification or recapitalization) any share of any class or any other securities or property, or to receive any other right, or for the purpose of determining shareholders who are entitled to vote in connection with any proposed sale, lease or conveyance of all or substantially all of the assets of the Borrower or any proposed liquidation, dissolution or winding up of the Borrower, the Borrower shall mail a notice to the Holder, at least twenty (20) days prior to the record date specified therein (or thirty (30) days prior to the consummation of the transaction or event, whichever is earlier), of the date on which any such record is to be taken for the purpose of such dividend, distribution, right or other event, and a brief statement regarding the amount and character of such dividend, distribution, right or other event to the extent known at such time. The Borrower shall make a public announcement of any event requiring notification to the Holder hereunder substantially simultaneously with the notification to the Holder in accordance with the terms of this Section 4.9.

4.10           Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or other security being required.

 
- 12 -
 


IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this February 5, 2013.

China Logistics Group, Inc.
By: /s/ Wei Chen, CEO



 
- 13 -
 



Exhibit A.
NOTICE OF CONVERSION
 
The undersigned hereby elects to convert $ _________                                                                                                principal amount of the Note (defined below) into Shares of Common Stock of China Logistics Group, Inc., a(n) FLORIDA Corporation (the "Borrower") according to the conditions of the convertible Notes of the Borrower dated as of February 5, 2013 (the "Notes"), as ofthe date written below. No fee will be charged to the Holder or Holder's Custodian for any conversion, except for transfer taxes, if any.
Box Checked as to applicable instructions:
[ ]           The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system ("DW AC Transfer").
Name of DTC Prime Broker:
Account Number:
[ ]           The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder's calculation attached hereto) in the name(s) specified immediately below:

Hanover Holdings I, LLC
EIN #: 45-2043511

Date of Conversion: _____________________
Conversion Price: ______________________
Shares to Be Delivered: ___________________
Remaining Principal Balance Due ______________
After This Conversion: ______________________

Signature ____________________________

Print Name: ___________________________



 
 
 


Exhibit B.

February 5, 2013
China Logistics Group, Inc. FlexFloor

1.     The FlexFloor for this Agreement is $0.0225 (the "Original Floor").
2.     If the stock goes below the Original Floor, the stock has ten (10) business days during which the stock must close above the Original Floor for three (3) consecutive trading days in order to maintain the Original Floor.
3.     If the stock is unable to meet these requirements after these ten (10) business days, a New Floor is set equivalent to 50% of the lowest trading price in the same ten (10) business days (the "New Floor").
4.     If the stock price dips below the New Floor, the stock will once again have ten (10) business days during which the stock must close above the New Floor for three (3) consecutive trading days in order to maintain the New Floor.
5.     The stock will have to continue to maintain a price above the New Floor. Ifthe price is unable to close above the New Floor for three (3) consecutive trading days in ten (10) business days after the price has dipped, the FlexFloor will be eliminated.

Acknowledged and Agreed
China Logistics Group, Inc.
 
/s/ Wei Chen
Wei Chen
CEO

 
 
 

EX-4.4 4 exh4-4.htm CONVERTIBLE NOTE DATED APRIL 8, 2013 IN THE PRINCIPAL AMOUNT OF $82,142.81 DUE CHINA DIRECT INVESTMENTS, INC* exh4-4.htm
Exhibit 4.4
 
China Logistics Group, Inc.
$82,142.81
 
 
Four PERCENT (4%) CONVERTIBLE NOTE
DATED April 8, 2013

THIS NOTE (the “Note”) is a duly authorized Convertible Note of China Logistics Group, Inc., a FLORIDA corporation (the “Company”).
 
FOR VALUE RECEIVED, the Company promises to pay China Direct Investments, Inc. (the “Holder”), the principal sum of $82,142.81  (the “Principal Amount”) or such lesser principal amount following the conversion or conversions of this Note in accordance with Paragraph 2 (the “Outstanding Principal Amount”) on April 8, 2013 (the “Maturity Date”), and to pay interest on the Outstanding Principal Amount (“Interest”) in a lump sum on the Maturity Date, at the rate of four percent (4%) per Annum (the “Rate”) from the date of issuance.
 
Accrual of Interest shall commence on the date of this Note and continue until the Company repays or provides for repayment in full the Outstanding Principal Amount and all accrued but unpaid Interest.  Accrued and unpaid Interest shall bear Interest at the Rate until paid, compounded monthly.  The Outstanding Principal Amount of this Note is payable on the Maturity Date in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts, at the address last appearing on the Note Register of the Company as designated in writing by the Holder from time to time.  The Company may prepay principal and interest on this Note at any time before the Maturity Date.
 
The Company will pay the Outstanding Principal Amount of this Note on the Maturity Date, free of any withholding or deduction of any kind (subject to the provision of paragraph 2 below), to the Holder as of the Maturity Date and addressed to the Holder at the address appearing on the Note Register.
 
This Note is subject to the following additional provisions:
 
1.
All payments on account of the Outstanding Principal Amount of this Note and all other amounts payable under this Note (whether made by the Company or any other person) to or for the account of the Holder hereunder shall be made free and clear of and without reduction by reason of any present and future income, stamp, registration and other taxes, levies, duties, cost, and charges whatsoever imposed, assessed, levied or collected by the United States or any political subdivision or taxing authority thereof or therein, together with interest thereon and penalties with respect thereto, if any, on or in respect of this Note (such taxes, levies, duties, costs and charges being herein collectively called “Taxes”).

2.
The Holder of this Note is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the Outstanding Principal Amount and accrued but unpaid Interest into Common Stock at a conversion price (the “Conversion Price”) for each share of Common Stock equal to a price which is a 20% discount from the lowest Daily VWAP in the ten (10) days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties (the “Conversion Price”). For purpose of this section, the closing bid price of the Common Stock shall be the closing bid price as reported by the Nasdaq Stock Market or the closing bid price in the over-the counter market. The Holder may convert this Note into Common Stock by surrendering the Note to the Company, with the form of conversion notice attached to the Note as Exhibit B, executed by the Holder of the Note evidencing such Holder’s intention to convert the Note.

The Company will not issue fractional shares or scrip representing fractions of shares of Common Stock on conversion, but the Company will round the number of shares of Common Stock issuable up to the nearest whole share.  The date on which a Notice of Conversion is given shall be deemed to be the date on which the Holder notifies the Company of its intention to so convert by delivery, by facsimile transmission or otherwise, of a copy of the Notice of Conversion.

Notice of Conversion may be sent by email to the Company, attn: Mr. Wei Chen, CEO.  The Holder will deliver this Note, together with original executed copy of the Notice of Conversion, to the Company within three (3) business days following the Conversion Date.  At the Maturity Date, the Company will pay any unconverted Outstanding Principal Amount and accrued Interest thereon, at the option of the Company, in either (a) cash or (b) Common Stock valued at a price equal to the Conversion Price determined as if the Note was converted in accordance with its terms into Common Stock on the Maturity Date.

 
- 1 -
 

 
3.
No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to the payment of the Outstanding Principal Amount of this Note at the Maturity Date, and in the coin or currency herein prescribed.  This Note and all other Notes now or hereafter issued on similar terms are direct obligations of the Company.  In the event of any liquidation, reorganization, winding up or dissolution, repayment of this Note shall not be subordinate in any respect to any other indebtedness of the Company outstanding as of the date of this Note or hereafter incurred by the Company.

Such non-subordination shall extend without limiting the generality of the foregoing, to all indebtedness of the Company to banks, financial institutions; other secured lenders, equipment lessors and equipment finance companies, but shall exclude trade debts.  Any warrants, options or other securities convertible into stock of the Company issued before the date hereof shall rank pari passu with the Note in all respects.
 
4.
If at any time or from time to time after the date of this Note, the Common Stock issuable upon the conversion of the Note is changed into the same or different numbers of shares of any class or classes of stock, whether by recapitalization or otherwise, then in each such event the Holder shall have the right thereafter to convert the Note into the kind of security receivable in such recapitalization, reclassification or other change by holders of Common Stock, all subject to further adjustment as provided herein.  In such event, the formulae set forth herein for conversion and redemption shall be equitably adjusted to reflect such change in number of shares or, if shares of a new class of stock are issued, to reflect the market price of the class or classes of stock issued in connection with the above described transaction.
 
5.
Events of Default.
 
    5.1. A default shall be deemed to have occurred upon any one of the following events:

    5.1.1. Withdrawal from registration of the Issuer under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), either voluntary or involuntary.

    5.1.2. Issuer filing for bankruptcy protection under the federal bankruptcy laws, the calling of a meeting of creditors, or any act of insolvency under any state law regarding insolvency, without written notification to the Investor within five business days of such filing, meeting or action.

    5.1.3. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring or issuing (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice of Conversion.

    5.1.4. Failure to pay the principal and unpaid but accrued interest on the Note when due.
 
    5.1.5. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.
 
    5.1.6. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 
- 2 -
 
5.1.7. The failure by Borrower to maintain any material intellectual property rights, personal, real property or other assets which are necessary to conduct its business (whether now or in the future).

5.1.8. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

5.1.9 In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, fully executed Irrevocable Transfer
Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocable reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Holder and the Borrower.

5.1.10 The failure by Borrower to pay any and all Post-Closing Expenses as defined in section

5.1.11 From and after the initial trading, listing or quotation of the Common Stock on a Principal
Market, an event resulting in the Common Stock no longer being traded, listed or quoted on a Principal Market; failure to comply with the requirements for continued quotation on a Principal Market; or notification from a Principal Market that the Borrower is not in compliance with the conditions for such continued quotation and such non-compliance continues for seven (7) trading days following such notification.

    5.2. Default remedies.  Upon the occurrence and during the continuation of any Event of Default specified in Section 2.6.4 (solely with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 2.6.3, THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGTAIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event of Default specified in Sections 2.6.4 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note, 2.6.1, 2.6.2, 2.6.5, 2.6.6, 2.6.7, 2.6.8, and/or 2.6.9 exercisable through the delivery of written notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence of an Event of Default specified in the remaining sections of Section 2.6 (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 2.6.4 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% times the sum of (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) (the then outstanding principal amount of this Note to the date of payment plus the amounts referred to in clauses (x) and (y) shall collectively be known as the “Default Sum”) or (ii) the “parity value” of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum, treating the Trading Day immediately preceding the Mandatory Prepayment Date as the “Conversion Date” for purposes of determining the lowest applicable Conversion Price, unless the Default Event arises as a result of such breach in respect of a specific Conversion Date in which case such Conversion Date shall be the Conversion Date, multiplied by (b) the highest Closing Price for the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the “Default Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at low or in equity.

If the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

 
- 3 -
 

6.  Prepayment.  At any time that the Note remains outstanding, upon three business days’ written notice (the “Prepayment Notice”) to the Holder, the Company may pay 150% of the entire Outstanding Principal Amount of the Note plus any accrued but unpaid Interest.  If the Company gives written notice of prepayment, the Holder continues to have the right to convert principal and interest on the Note into Conversion Shares until three business days elapses from the Prepayment Notice.

7. Anti-Dilution.  If, at any time the Note is outstanding, the Issuer issues Common Stock, or grants options or warrants, at a price per share that is less than the Conversion Price on the date of such issuance or grant, the Conversion Price will be adjusted to such lower price for the remainder of the term of the Note.
 
 
8. The Company covenants that until all amounts due under this Note are paid in full, by conversion or otherwise, unless waived by the Holder or subsequent Holder in writing, the Company shall: give prompt written notice to the Holder of any Event of Default or of any other matter which has resulted in, or could reasonably be expected to result in a materially adverse change in its financial condition or operations;  give prompt notice to the Holder of any claim, action or proceeding which, in the event of any unfavorable outcome, would or could reasonably be expected to have a Material Adverse Effect (as defined in the Note Purchase Agreement) on the financial condition of the Company;  at all times reserve and keep available out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of this Note into Common Stock, such number of its duly authorized shares of Common Stock as shall from time to time be sufficient to effect the conversion of the Outstanding Principal Amount of this Note into Common Stock.
 
9.  Upon receipt by the Company of evidence from the Holder reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note,
 
   (i) in the case of loss, theft or destruction, upon provision of indemnity reasonably satisfactory to it and/or its transfer agent, or
 
   (ii) in the case of mutilation, upon surrender and cancellation of this Note, then the Company at its expense will execute and deliver to the Holder a new Note, dated the date of the lost, stolen, destroyed or mutilated Note, and evidencing the outstanding and unpaid principal amount of the lost, stolen, destroyed or mutilated Note.

10.  If any term in this Note is found by a court of competent jurisdiction to be unenforceable, then the entire Note shall be rescinded, the consideration proffered by the Holder for the remaining Debt acquired by the Holder not converted by the Holder in accordance with this Note shall be returned in its entirety and any Conversion Shares in the possession or control of the Investor shall be returned to the Issuer.
 
11. The Note and the Agreement between the Company and the Holder (including all Exhibits thereto) constitute the full and entire understanding and agreement between the Company and the Holder with respect to the subject hereof.  Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the Company and the Holder.
 
12. This Note shall be governed by and construed in accordance with the internal laws of the State of Florida.

13. Legal Opinion.  The Issuer’s counsel has provided an opinion regarding the applicable exemption from registration under the Securities Act for the issuance of the Conversion Shares pursuant to the terms and conditions of this Agreement and the Note, which provides that upon conversion at any time following the date hereof, the shares received as a result of the conversion shall be issued unrestricted in accordance with the appropriate exemption. If the Issuer declines to provide, or requests that Investor counsel prepare an opinion, the Issuer agrees to bear the cost of the letter.

14. Conditions.  The Issuer acknowledges the Investor’s participation in respect to this Agreement is on a conditions permitting basis. In the event that the transaction risk profile substantially changes, market pricing or implied volatility substantially change, due diligence raises concerns or any other conditions material to the successful closing of the transaction change, the Investor reserves the right to terminate the Agreement at any time before delivering to the Non Affiliate Debt holder the cash consideration as described hereof.

 
- 4 -
 

15. Post-Closing Expenses.  The Issuer will bear any and all miscellaneous expenses that may arise as a result of this Agreement post-closing. These expenses include, but are not limited to, the cost of legal opinion production, transfer agent fees, equity issuance fees, etc. The failure to pay any and all Post-Closing Expenses will be deemed a default as described in Section 5.1.10 herein.

 16.  Miscellaneous

    16.1. Counterparts.  This Agreement may be executed in any number of counterparts by original, facsimile or email signature.  All executed counterparts shall constitute one Agreement not withstanding that all signatories are not signatories to the original or the same counterpart.  Facsimile and scanned signatures are considered original signatures.

    16.2. Severability.  This Agreement is not severable.  If any term in this Agreement is found by a court of competent jurisdiction to be unenforceable, then the entire Agreement shall be rescinded, the consideration proffered by the Investor for the remaining Debt acquired by Investor not converted by the Investor in accordance with this Agreement shall be returned in its entirety and any Conversion Shares in the possession or control of the Investor shall be returned to the Issuer.

    16.3. Legal Fees.  Except as provided in Section 15 of this agreement, each Party will bear its own legal expenses in the execution of this Agreement. If the Issuer defaults and the Investor is required to expend funds for legal fees and expenses, such costs will be reimbursed to the Investor, solely by the Issuer.

   16.4. Modification.  This Agreement and the Note may only be modified in a writing signed by all Parties.
 
 

China Logistics Group, Inc.
CEO: Wei Chen
/s/ Wei Chen
China Direct Investments, Inc.
CEO: Dr. James Wang
/s/ James Wang
 
 
- 5 -
 


Exhibit B.

  NOTICE OF CONVERSION

 
 
The undersigned hereby elects to convert $________________ principal amount of the Note (defined below) into Shares of Common Stock of China Logistics Group, Inc., a(n) FLORIDA Corporation (the “Borrower”) according to the conditions of the convertible Notes of the Borrower dated as of April 8, 2013 (the “Notes”), as of the date written below.
No fee will be charged to the Holder or Holder’s Custodian for any conversion, except for transfer taxes, if any.

Box Checked as to applicable instructions:
 
 

 
 
[  ] The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

  Name of DTC Prime Broker: ___________________________________________
 
 
Account Number: ____________________________________________________
 
 
[  ] The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below:
 
 
China Direct Investments, Inc.
EIN #:

 
 
Date of Conversion:
Conversion Price:
Shares to Be Delivered:
Remaining Principal Balance Due
After This Conversion:
 
 
Signature
Print Name:

 EX-10.11 5 exh10-11.htm CONVERTIBLE PROMISSORY NOTE RIDER AGREEMENT DATED FEBRUARY 6, 2013 BY AND BETWEEN MAGNA GROUP, LLC AND CHINA DIRECT INVESTMENTS, INC exh10-11.htm
Exhibit 10.11
 
Convertible Promissory Note Rider Agreement

THIS RIDER AGREEMENT (the "Agreement") is made effective as of the 6th day of February, 20 I 3, between Magna Group, LLC, (the "Investor") and China Direct Investments, Inc. (the "Debtholder");

WHEREAS, the Investor and Debtholder (the "parties") entered into an "Assignment Agreement", dated February 6th, 2013, in the amount of $50,952.50;

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each of the parties hereto, the parties hereto agree as follows:

 
1.
Right of First Refusal:

 
a.
The Investor will have a "Right of First Refusal" on the purchase of the following Promissory Notes owed to the Debtholder as long as the Agreement is still in place. Should the Investor not purchase the Debt on or before the scheduled Purchase date, the Investor will not have this right and the entire Agreement will be immediately terminated.
 
    The Right of First Refusal will works as follows: Should the Debtholder contemplate the sale of any of the Notes listed in the schedule below, the Investor will have a 72 hour Right of First Refusal to purchase said Notes.
 
    The Debtholder will provide the Investor with a term sheet outlining the general terms under which it may sell these Notes. Upon receipt, the Investor will have 72 hours to match the offer.   

Issuance Date:                                Issuing Company:                                $40,000.00
7/23/2010                          China Logistics Group, Inc.
Issuance Date:                                Issuing Company:                                $30,000.00
8/1/2010                            China Logistics Group, Inc.
Issuance Date:                                Issuing Company:                                $3,500.00
8/25/2010                          China Logistics Group, Inc.
Issuance Date:                                Issuing Company:                                $32,000.00
9/28/2010                          China Logistics Group, Inc.
Issuance Date:                                Issuing Company:                                $20,000.00
1/13/2011                          China Logistics Group, Inc.
Issuance Date:                                Issuing Company:                                $22,500.00
2/16/2011                          China Logistics Group, Inc.
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

Investor:

Magna Group LLC

/s/ Joshua Sason, CEO


Company:
China Direct Investments, Inc.

/s/ James Wang, CEO & Chairman
 
 EX-10.12 6 exh10-12.htm SECURITIES PURCHASE AGREEMENT DATED FEBRUARY 5, 2013 BY AND BETWEEN CHINA LOGISTIC GROUP, INC. AND HANOVER HOLDINGS I, LLC exh10-12.htm
Exhibit 10.12
 
SECURITIES PURCHASE AGREEMENT

This SECURITIES PURCHASE AGREEMENT (the "Agreement"), dated as of February 5, 2013, by and between CHINA LOGISTICS GROUP, INC., a FLORIDA corporation, with headquarters located at 23F GUT AI BEACH BUILDING NO 969 ZHONGSHAN ROAD, SHANGHAI, CHINA 200011 (the "Company"), and HANOVER HOLDINGS I, LLC, a New York corporation, with its address at 5 Hanover Square, New York, New York 10004 (the "Buyer").

WHEREAS:
 
A.          The Company and the Buyer is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "1933 Act");

B.          Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement an 12% convertible note of the Company, in the form attached hereto as Exhibit A, in the aggregate principal amount of $27,000 (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the "Note"), convertible into shares of common stock of the Company (the "Common Stock"), upon the terms and subject to the limitations and conditions set forth in such Note.
 
C.          The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately below its name on the signature pages hereto; and

NOW THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:
 
1. Purchase and Sale of Note.
 
a. Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto.

b. Form of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the "Purchase Price") by wire transfer of immediately available funds to the Company, in accordance with the Company's written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer's name on the signature pages hereto, and (ii) the Company shall deliver such duly executed on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

c. Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below, the date and time of the issuance and sale of the Note pursuant to this Agreement (the "Closing Date") shall be 12:00 noon, Eastern Standard Time on February 5, 2013, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties.

2. Buyer's Representations and Warranties. The Buyer represents and warrants to the Company that:

    a.Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note (including, without limitation, such additional shares of Common Stock, if any, as are issuable (i) on account of interest on the Note, (ii) as a result of the events described in Sections 1.3 and l.4(g) of the Note or (iii) in payment of the Standard Liquidated Damages Amount (as defined in Section 2(t) below) pursuant to this Agreement, such shares of Common Stock being collectively referred to herein as the "Conversion Shares" and, collectively with the Note, the "Securities") for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

 
- 1 -
 

    b. Accredited Investor Status. The Buyer is an "accredited investor" as that term is defined in Rule 501(a) of Regulation D (an "Accredited Investor").


    c. Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Buyer's compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the Securities.

    d. Information. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, furnished with all materials relating to the business, finances and operations ofthe Company and materials relating to the offer and sale of the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer's right to rely on the Company's representations and warranties contained in Section 3 below. The Buyer understands that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute a breach of any of the Company's representations and warranties made herein.

    e. Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.


    f. Transfer or Re-sale. The Buyer understands that (i) the sale or resale of the Securities has not been and is not being registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities are sold pursuant to an effective registration statement under the 1933 Act, (b) the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such registration, which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an "affiliate" (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) ("Rule 144")) of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(t) and who is an Accredited Investor, (d) the Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or a successor rule) ("Regulation S"), and the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate transactions, which opinion shall be accepted by the Company; (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC there under; and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption there under (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

 
- 2 -
 

    g. Legends. The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of the certificates for such Securities):
 
"NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES."

The legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

    h. Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

    i. Residency. The Buyer is a resident of the jurisdiction set forth immediately below the Buyer's name on the signature pages hereto.


3. Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

a. Organization and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted. Schedule 3(a) sets forth a list of all of the Subsidiaries of the Company and the jurisdiction in which each is incorporated. The Company and each of its Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which its ownership or use of property or the nature of the business conducted by it makes such qualification necessary except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. "Material Adverse Effect" means any material adverse effect on the business, operations, assets, financial condition or prospects of the Company or its Subsidiaries, if any, taken as a whole, or on the transactions contemplated hereby or by the agreements or instruments to be entered into in connection herewith. "Subsidiaries" means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

 
- 3 -
 
b. Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company's Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized representative is the true and official representative with authority to sign this Agreement and the other documents executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms.

c. Capitalization. As of the date hereof, the authorized capital stock of the Company consists of: (i) shares of Common Stock, of which shares are issued and outstanding; no shares are reserved for issuance pursuant to the Company's stock option plans, no shares are reserved for issuance pursuant to securities (other than the Note) exercisable for, or convertible into or exchangeable for shares of Common Stock and a suitable amount of shares are reserved for issuance upon conversion of the Note (subject to adjustment pursuant to the Company's covenant set forth in Section 4(g) below). All of such outstanding shares of capital stock are, or upon issuance will be, duly authorized, validly issued, fully paid and non-assessable. No shares of capital stock of the Company are subject to preemptive rights or any other similar rights of the shareholders of the Company or any liens or encumbrances imposed through the actions or failure to act of the Company. As of the effective date of this Agreement, (i) there are no outstanding options, warrants, scrip, rights to subscribe for, puts, calls, rights of first refusal, agreements, understandings, claims or other commitments or rights of any character whatsoever relating to, or securities or rights convertible into or exchangeable for any shares of capital stock of the Company or any of its Subsidiaries, or arrangements by which the Company or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries, (ii) there are no agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale of any of its or their securities under the 1933 Act and (iii) there are no anti-dilution or price adjustment provisions contained in any security issued by the Company (or in any agreement providing rights to security holders) that will be triggered by the issuance of the Note or the Conversion Shares. The Company has furnished to the Buyer true and correct copies of the Company's Certificate of Incorporation as in effect on the date hereof ("Certificate of Incorporation"), the Company's Bylaws, as in effect on the date hereof (the "By-laws"), and the terms of all securities convertible into or exercisable for Common Stock of the Company and the material rights of the holders thereof in respect thereto. The Company shall provide the Buyer with a written update of this representation signed by the Company's Chief Executive on behalf of the Company as of the Closing Date.

d. Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.
 
e. Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 
- 4 -
 

f. No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation or By-laws or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). Neither the Company nor any of its Subsidiaries is in violation of its Certificate of Incorporation, By-laws or other organizational documents and neither the Company nor any of its Subsidiaries is in default (and no event has occurred which with notice or lapse of time or both could put the Company or any of its Subsidiaries in default) under, and neither the Company nor any of its Subsidiaries has taken any action or failed to take any action that would give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its Subsidiaries is a party or by which any property or assets of the Company or any of its Subsidiaries is bound or affected, except for possible defaults as would not, individually or in the aggregate, have a Material Adverse Effect. The businesses of the Company and its Subsidiaries, if any, are not being conducted, and shall not be conducted so long as a Buyer owns any of the Securities, in violation of any law, ordinance or regulation of any governmental entity. Except as specifically contemplated by this Agreement and as required under the 1933 Act and any applicable state securities laws, the Company is not required to obtain any consent, authorization or order of, or make any filing or registration with, any court, governmental agency, regulatory agency, self regulatory organization or stock market or any third party in order for it to execute, deliver or perform any of its obligations under this Agreement, the Note in accordance with the terms hereof or thereof or to issue and sell the Note in accordance with the terms hereof and to issue the Conversion Shares upon conversion of the Note. All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the Over-the-Counter Bulletin Board (the "OTCBB") and does not reasonably anticipate that the Common Stock will be delisted by the OTCBB in the foreseeable future. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

g. SEC Documents: Financial Statements. The Company has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended (the "1934 Act") (all of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules thereto and documents (other than exhibits to such documents) incorporated by reference therein, being hereinafter referred to herein as the "SEC Documents"). The Company has delivered to the Buyer true and complete copies of the SEC Documents, except for such exhibits and incorporated documents. As of their respective dates, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules and regulations of the SEC promulgated there under applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. None of the statements made in any such SEC Documents is, or has been, required to be amended or updated under applicable law (except for such statements as have been amended or updated in subsequent filings prior the date hereof). As of their respective dates, the financial statements of the Company included in the SEC Documents complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with United States generally accepted accounting principles, consistently applied, during the periods involved and fairly present in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). Except as set forth in the financial statements of the Company included in the SEC Documents, the Company has no liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business subsequent to four months prior to the date hereof and (ii) obligations under contracts and commitments incurred in the ordinary course of business and not required under generally accepted accounting principles to be reflected in such financial statements, which, individually or in the aggregate, are not material to the financial condition or operating results of the Company. The Company is subject to the reporting requirements of the 1934 Act.

 
- 5 -
 

h. Absence of Certain Changes. In the prior four months to the date hereofthere has been no material adverse change and no material adverse development in the assets, liabilities, business, properties, operations, financial condition, results of operations, prospects or 1934 Act reporting status of the Company or any of its Subsidiaries.
 
    i. Absence of Litigation. There is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company or any of its Subsidiaries, threatened against or affecting the Company or any of its Subsidiaries, or their officers or directors in their capacity as such, that could have a Material Adverse Effect. Schedule 3(i) contains a complete list and summary description of any pending or, to the knowledge of the Company, threatened proceeding against or affecting the Company or any of its Subsidiaries, without regard to whether it would have a Material Adverse Effect. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

    j. Patents. Copyrights. etc. The Company and each of its Subsidiaries owns or possesses the requisite licenses or rights to use all patents, patent applications, patent rights, inventions, know-how, trade secrets, trademarks, trademark applications, service marks, service names, trade names and copyrights ("Intellectual Property") necessary to enable it to conduct its business as now operated (and, as presently contemplated to be operated in the future); there is no claim or action by any person pertaining to, or proceeding pending, or to the Company's knowledge threatened, which challenges the right of the Company or of a Subsidiary with respect to any Intellectual Property necessary to enable it to conduct its business as now operated (and, as presently contemplated to be operated in the future); to the best of the Company's knowledge, the Company's or its Subsidiaries' current and intended products, services and processes do not infringe on any Intellectual Property or other rights held by any person; and the Company is unaware of any facts or circumstances which might give rise to any of the foregoing. The Company and each of its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of their Intellectual Property.

    k. No Materially Adverse Contracts. Etc. Neither the Company nor any of its Subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company's officers has or is expected in the future to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries is a party to any contract or agreement which in the judgment of the Company's officers has or is expected to have a Material Adverse Effect.


    l. Tax Status. The Company and each of its Subsidiaries has made or filed all federal, state and foreign income and all other tax returns, reports and declarations required by any jurisdiction to which it is subject (unless and only to the extent that the Company and each of its Subsidiaries has set aside on its books provisions reasonably adequate for the payment of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns, reports and declarations, except those being contested in good faith and has set aside on its books provisions reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim. The Company has not executed a waiver with respect to the statute of limitations relating to the assessment or collection of any foreign, federal, state or local tax. None of the Company's tax returns is presently being audited by any taxing authority.

    m. Certain Transactions. Except for arm's length transactions pursuant to which the Company or any of its Subsidiaries makes payments in the ordinary course of business upon terms no less favorable than the Company or any of its Subsidiaries could obtain from third parties and other than the grant of stock options disclosed on Schedule 3(c), none ofthe officers, directors, or employees of the Company is presently a party to any transaction with the Company or any of its Subsidiaries (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any corporation, partnership, trust or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner.

 
- 6 -
 
 
    n. Disclosure. All information relating to or concerning the Company or any of its Subsidiaries set forth in this Agreement and provided to the Buyer pursuant to Section 2( d) hereof and otherwise in connection with the transactions contemplated hereby is true and correct in all material respects and the Company has not omitted to state any material fact necessary in order to make the statements made herein or therein, in light of the circumstances under which they were made, not misleading. No event or circumstance has occurred or exists with respect to the Company or any of its Subsidiaries or its or their business, properties, prospects, operations or financial conditions, which, under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so publicly announced or disclosed (assuming for this purpose that the Company's reports filed under the 1934 Act are being incorporated into an effective registration statement filed by the Company under the 1933 Act).

    o. Acknowledgment Regarding Buyer' Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the capacity of arm's length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that no Buyer is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by any Buyer or any of their respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely incidental to the Buyer' purchase of the Securities. The Company further represents to the Buyer that the Company's decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.


p. No Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities to the Buyer will not be integrated with any other issuance of the Company's securities (past, current or future) for purposes of any shareholder approval provisions applicable to the Company or its securities.
q. No Brokers. The Company has taken no action which would give rise to any claim by any person for brokerage commissions, transaction fees or similar payments relating to this Agreement or the transactions contemplated hereby.

r. Permits~ Compliance. The Company and each of its Subsidiaries is in possession of all franchises, grants, authorizations, licenses, permits, easements, variances, exemptions, consents, certificates, approvals and orders necessary to own, lease and operate its properties and to carryon its business as it is now being conducted (collectively, the "Company Permits"), and there is no action pending or, to the knowledge of the Company, threatened regarding suspension or cancellation of any of the Company Permits. Neither the Company nor any of its Subsidiaries is in conflict with, or in default or violation of, any of the Company Permits, except for any such conflicts, defaults or violations which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. In the prior four months to the date hereof, neither the Company nor any of its Subsidiaries has received any notification with respect to possible conflicts, defaults or violations of applicable laws, except for notices relating to possible conflicts, defaults or violations, which conflicts, defaults or violations would not have a Material Adverse Effect.

 
- 7 -
 

s. Environmental Matters.

 
(i)
There are, to the Company's knowledge, with respect to the Company or any of its Subsidiaries or any predecessor of the Company, no past or present violations of Environmental Laws (as defined below), releases of any material into the environment, actions, activities, circumstances, conditions, events, incidents, or contractual obligations which may give rise to any common law environmental liability or any liability under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 or similar federal, state, local or foreign laws and neither the Company nor any of its Subsidiaries has received any notice with respect to any of the foregoing, nor is any action pending or, to the Company's knowledge, threatened in connection with any of the foregoing. The term "Environmental Laws" means all federal, state, local or foreign laws relating to pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata), including, without limitation, laws relating to emissions, discharges, releases or threatened releases of chemicals, pollutants contaminants, or toxic or hazardous substances or wastes (collectively, "Hazardous Materials") into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands or demand letters, injunctions, judgments, licenses, notices or notice letters, orders, permits, plans or regulations issued, entered, promulgated or approved there under.

 
(ii)
Other than those that are or were stored, used or disposed of in compliance with applicable law, no Hazardous Materials are contained on or about any real property currently owned, leased or used by the Company or any of its Subsidiaries, and no Hazardous Materials were released on or about any real property previously owned, leased or used by the Company or any of its Subsidiaries during the period the property was owned, leased or used by the Company or any of its Subsidiaries, except in the normal course of the Company's or any of its Subsidiaries' business.


 
(iii)
There are no underground storage tanks on or under any real property owned, leased or used by the Company or any of its Subsidiaries that are not in compliance with applicable law.

t. Title to Property. The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

u. Insurance. The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect. The Company has provided to Buyer true and correct copies of all policies relating to directors' and officers' liability coverage, errors and omissions coverage, and commercial general liability coverage.

v. Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient, in the judgment of the Company's board of directors, to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

 
- 8 -
 

w. Foreign Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director, officer, agent, employee or other person acting on behalf of the Company or any Subsidiary has, in the course of his actions for, or on behalf of, the Company, used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.

x. Solvency. The Company (after giving effect to the transactions contemplated by this Agreement) is solvent (_Le_., its assets have a fair market value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured) and currently the Company has no information that would lead it to reasonably conclude that the Company would not, after giving effect to the transaction contemplated by this Agreement, have the ability to, nor does it intend to take any action that would impair its ability to, pay its debts from time to time incurred in connection therewith as such debts mature. The Company did not receive a qualified opinion from its auditors with respect to its most recent fiscal year end and, after giving effect to the transactions contemplated by this Agreement, does not anticipate or know of any basis upon which its auditors might issue a qualified opinion in respect of its current fiscal year.

y. No Investment Company. The Company is not, and upon the issuance and sale of the Securities as contemplated by this Agreement will not be an "investment company" required to be registered under the Investment Company Act of 1940 (an "Investment Company"). The Company is not controlled by an Investment Company.

z. Breach of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default under Section 3.4 of the Note.

4. COVENANTS.

    a. Best Efforts. The parties shall use their best efforts to satisfy timely each ofthe conditions described in Section 6 and 7 of this Agreement.

    c. Use of Proceeds. The Company shall use the proceeds for general working capital purposes.

e. Expenses. At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith ("Documents"), including, without limitation, reasonable attorneys' and consultants' fees and expenses, transfer agent fees, fees for stock quotation services, fees relating to any amendments or modifications of the Documents or any consents or waivers of provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions contemplated by the Documents. When possible, the Company must pay these fees directly, otherwise the Company must make immediate payment for reimbursement to the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice by the Buyer Notwithstanding anything herein to the contrary, the Company's obligation to reimburse Buyer's expenses shall be $1,000.

f. Financial Information. Upon written request the Company agrees to send or make available the following reports to the Buyer until the Buyer transfers, assigns, or sells all of the Securities: (i) within ten (10) days after the filing with the SEC, a copy of its Annual Report on Form l0-K its Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K; (ii) within one (1) day after release, copies of all press releases issued by the Company or any of its Subsidiaries; and (iii) contemporaneously with the making available or giving to the shareholders of the Company, copies of any notices or other information the Company makes available or gives to such shareholders.


 
- 9 -
 


g. Authorization and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the full conversion or exercise of the outstanding Note and issuance of the Conversion Shares in connection therewith (based on the Conversion Price of the Note in effect from time to time) and as otherwise required by the Note. The Company shall not reduce the number of shares of Common Stock reserved for issuance upon conversion of Note without the consent of the Buyer. The Company shall at all times maintain the number of shares of Common Stock so reserved for issuance at an amount ("Reserved Amount") equal to five times the number that is then actually issuable upon full conversion of the Note and Additional Note (based on the Conversion Price of the Note in effect from time to time). If at any time the number of shares of Common Stock authorized and reserved for issuance ("Authorized and Reserved Shares") is below the Reserved Amount, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of shareholders to authorize additional shares to meet the Company's obligations under this Section 4(g), in the case of an insufficient number of authorized shares, obtain shareholder approval of an increase in such authorized number of shares, and voting the management shares of the Company in favor of an increase in the authorized shares of the Company to ensure that the number of authorized shares is sufficient to meet the Reserved Amount. If the Company fails to obtain such shareholder approval within thirty (30) days following the date on which the number of Reserved Amount exceeds the Authorized and Reserved Shares, it will be considered an Event of default under Section 3.4 of the Note.

h. Listing. The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as any Buyer owns any of the Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long as any Buyer owns any of the Securities, maintain the listing and trading of its Common Stock on the OTCQB or any equivalent replacement exchange, the Nasdaq National Market ("Nasdaq"), the Nasdaq Small Cap Market ("Nasdaq Small Cap"), the New York Stock Exchange ("NYSE"), or the American Stock Exchange ("AMEX") and will comply in all respects with the Company's reporting, filing and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority ("FINRA") and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies of any notices it receives from the OTCQB and any other exchanges or quotation systems on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such exchanges and quotation systems.

    i. Corporate Existence. So long as a Buyer beneficially owns any Note, the Company shall maintain its corporate existence and shall not sell all or substantially all of the Company's assets, except in the event of a merger or consolidation or sale of all or substantially all of the Company's assets, where the surviving or successor entity in such transaction (i) assumes the Company's obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTCQB, Nasdaq, Nasdaq Small Cap, NYSE or AMEX.

j. No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances that would require registration of the Securities being offered or sold hereunder under the 1933. Act or cause the offering of the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision applicable to the Company or its securities.

k. Breach of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default under Section 3.4 of the Note.
 
1. Failure to Comply with the 1934 Act. So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

m. Trading Activities. Neither the Buyer nor their affiliates has an open short position in the common stock of the Company and the Buyer agree that they shall not, and that they will cause their affiliates not to, engage in any short sales of or hedging transactions with respect to the common stock of the Company.

 
- 10 -
 

5. Transfer Agent Instructions. The Company shall issue irrevocable instructions to its transfer agent to issue certificates, registered in the name ofthe Buyer or its nominee, for the Conversion Shares in such amounts as specified from time to time by the Buyer to the Company upon conversion of the Note in accordance with the terms thereof (the "Irrevocable Transfer Agent Instructions"). In the event that the Borrower proposes to replace its transfer agent, the Borrower shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower. Prior to registration of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be sold pursuant to Rule 144 without any restriction as to the number of Securities as of a particular date that can then be immediately sold, all such certificates shall bear the restrictive legend specified in Section 2(g) ofthis Agreement. The Company warrants that: (i) no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section 5, and stop transfer instructions to give effect to Section 2(f) hereof (in the case of the Conversion Shares, prior to registration of the Conversion Shares under the 1933 Act or the date on which the Conversion Shares may be sold pursuant to Rule 144 without any restriction as to the number of Securities as of a particular date that can then be immediately sold), will be given by the Company to its transfer agent and that the Securities shall otherwise be freely transferable on the books and records of the Company as and to the extent provided in this Agreement and the

Note; (ii) it will not direct its transfer agent not to transfer or delay, impair, and/or hinder its transfer agent in transferring (or issuing)( electronically or in certificated form) any certificate for Conversion Shares to be issued to the Buyer upon conversion of or otherwise pursuant to the Note as and when required by the Note and this Agreement; and (iii) it will not fail to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any Conversion Shares issued to the Buyer upon conversion of or otherwise pursuant to the Note as and when required by the Note and this Agreement. Nothing in this Section shall affect in any way the Buyer's obligations and agreement set forth in Section 2(g) hereof to comply with all applicable prospectus delivery requirements, if any, upon re-sale of the Securities. If a Buyer provides the Company, at the cost ofthe Buyer, with (i) an opinion of counsel in form, substance and scope customary for opinions in comparable transactions, to the effect that a public sale or transfer of such Securities may be made without registration under the 1933 Act and such sale or transfer is effected or (ii) the Buyer provides reasonable assurances that the Securities can be sold pursuant to Rule 144, the Company shall permit the transfer, and, in the case of the Conversion Shares, promptly instruct its transfer agent to issue one or more certificates, free from restrictive legend, in such name and in such denominations as specified by the Buyer. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer, by vitiating the intent and purpose of the transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Section 5 may be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Section, that the Buyer shall be entitled, in addition to all other available remedies, to an injunction restraining any breach and requiring immediate transfer, without the necessity of showing economic loss and without any bond or other security being required.

6. Conditions to the Company's Obligation to Sell. The obligation of the Company hereunder to issue and sell the Note to a Buyer at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions thereto, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion:
 
a. The Buyer shall have executed this Agreement and delivered the same to the Company.
 
b. The Buyer shall have delivered the Purchase Price in accordance with Section l(b) above.
 
c. The representations and warranties of the applicable Buyer shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and the applicable Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the applicable Buyer at or prior to the Closing Date.
 
d. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 
- 11 -
 

7. Conditions to The Buyer's Obligation to Purchase. The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer's sole benefit and may be waived by the Buyer at any time in its sole discretion:
 
a. The Company shall have executed this Agreement and delivered the same to the Buyer.
 
b. The Company shall have delivered to the Buyer duly executed Note (in such denominations as the Buyer shall request) in accordance with Section l(b) above.
 
c. The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to a majority-in-interest of the Buyer, shall have been delivered to and acknowledged in writing by the Company's Transfer Agent.
 
d. The representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Buyer shall have received a certificate or certificates, executed by the chief executive officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by the Buyer including, but not limited to certificates with respect to the Company's Certificate of Incorporation, By-laws and Board of Directors' resolutions relating to the transactions contemplated hereby.
 
e. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.
 
f. No event shall have occurred which could reasonably be expected to have a Material Adverse Effect on the Company including but not limited to a change in the 1934 Act reporting status of the Company or the failure of the Company to be timely in its 1934 Act reporting obligations.
 
g. The Conversion Shares shall have been authorized for quotation on the OTCBB and trading in the Common Stock on the OTCBB or such equivalent exchange and shall not have been suspended by the SEC or the OTCBB or such equivalent exchange.
 
h. The Buyer shall have received an officer's certificate described in Section 3(c) above, dated as of the Closing Date.

8. Governing Law: Miscellaneous.
 
a. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York.
 
The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non convenient. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.
 
b. Counterparts: Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.
 
c. Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of, this Agreement.

 
- 12 -
 
 
d. Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.
 
e. Entire Agreement: Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.
 
f. Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (Hi) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt, whichever shall first occur. The addresses for such communications shall be:

If to the Company, to:
China Logistics Group, Inc.
23F GUT AI BEACH BUILDING NO 969 ZHONGSHAN ROAD SHANGHAI, CHINA 200011
Attn: Wei Chen, CEO

If to the Buyer:
MAGNA GROUP
5 HANOVER SQUARE NEW YORK, NY 10004
Attn: Joshua Sason, Managing Member facsimile: 646-737-9948

Each party shall provide notice to the other party of any change in address.
 
g. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither the Company nor any Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other. Notwithstanding the foregoing, subject to Section 2(f), any Buyer may assign its rights hereunder to any person that purchases Securities in a private transaction from a Buyer or to any of its "affiliates," as that term is defined under the 1934 Act, without the consent of the Company.
 
h. Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.
 
i. Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to indemnify and hold harmless each of the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.
 
j. Publicity. The Company, and each of the Buyer shall have the right to review a reasonable period of time before issuance of any press releases, SEC, OTCBB or FINRA filings, or any other public statements with respect to the transactions contemplated hereby; provided, however, that the Company shall be entitled, without the prior approval of each of the Buyer, to make any press release or SEC, OTCBB (or other applicable trading market) or FINRA filings with respect to such transactions as is required by applicable law and regulations (although each of the Buyer shall be consulted by the Company in connection with any such press release prior to its release and shall be provided with a copy thereof and be given an opportunity to comment thereon).
 
k. Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 
- 13 -
 
 
1. No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party.
 
m. Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.
 
IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.
 
China Logistics Group, Inc.
By: /s/ Wei Chen CEO
 
HANOVER HOLDINGS I, LLC
By: /s/ Joshua Sason Managing Member
 
5 Hanover Square New York, NY 10004
AGGREGATE SUBSCRIPTION AMOUNT:
Aggregate Principal Amount of Note: $27,000
Aggregate Purchase Price: $27,000

 
- 14 -
 

EX-10.13 7 exh10-13.htm LEASE AGREEMENT DATED MARCH 14, 2013 BETWEEN WEI CHEN AND SHANDONG YONGGAN FAN AND SHANGDONG JIAJIA INTERNATIONAL FREIGHT & FORWARDING,LTD. exh10-13.htm
Exhibit 10.13
 
Rental Agreement
(Translation)
 
 
Property Landlord: Yonggan Fang
 
Tenant: Shandong Jiajia International Freight & Forwarding Co., Ltd. Lianyungang Branch
 
Both parties have agreed on the following property leasing terms and entered this agreement for execution.
 
 
1.
Property Landlord leases its own housing property located at: China Logistic Mansion, Suite 804 to Tenant for use. The construction area of the property is 110 square meters.
 
 
2.
The annual rent for the property is RMB 30,000 (with internet access provided). The rental term commences on March 15th, 2013 and ends on March 14th, 2014. The tenant is required to pay the landlord the annual rent RMB 30,000 in cash by April 10th 2013.
 
 
3.
During the term, the landlord shall take responsibility for the following :
 
 
1)
the property in good condition for tenant’s use
 
 
2)
Regular check on the property and its attachments and bearing expenses for regular maintenance
 
 
3)
If landlord plans to sell or pledge the property, he/she should notice the tenant three months in advance.
 
 
4.
During the term, the tenant shall take responsibility for the following:
 
 
1)
Tenant shall get landlord’s written permission before making any remodel to the property or expansion of equipment use at the expenses of the tenant.
 
 
2)
Tenant is responsible for compensating or repairing the damages to the property or equipments due to the misuse or other negligent conduct of the tenant
 
 
3)
Tenant shall assist in the regular maintenance and check conducted by landlord on the property.
 
 
4)
Tenant shall return the property to the landlord upon expiration of the lease. If the tenant needs to continue to lease this property, the tenant shall negotiate with the landlord two months before expiration date, and both parties shall enter a new lease agreement based on negotiation.
 
 
5.
Breach: If either party is unable to perform this Agreement, the other party has the right to terminate the agreement before the expiration date, and the defaulting party shall bear the loss incurred; if the tenant doesn’t pay the due rents or other expense on time, the landlord has right to terminate the agreement and take back the property; if the tenant does not pay off outstanding bills, the landlord has right to detain some items of the tenant in the property.
 
 
6.
If the property and accessories are damaged due to force majeure, either party has no responsibility for the loss of the counterpart.
 
 
7.
Both parties shall take a consultative approach to solve the dispute during the lease, if consultations fail, they may file to the court which has jurisdiction over the prosecution for the legal proceeding.
 
 
8.
This lease agreement has two original copies with identical content. Each party has one original copy.
 
 
9.
Miscellaneous: The tenant shall pay for the electric bill on time every month.
 
Landlord: /s/ Yonggan Fang
 
Date: March 14, 2013
 
Tenant: Shandong Jiajia International Freight & Forwarding Co., Ltd. Lianyungang Branch
 
(corporate seal)
 
Date: March 14, 2013
 
 EX-10.14 8 exh10-14.htm LEASE AGREEMENT DATED MAY 10, 2012 BETWEEN XINHUAJIN GROUP QINGDAO JINDI INDUSTRY CO., LTD. AND SHANGDONG JIAJIA INTERNATIONAL FREIGHT &FORWARDING,LTD. exh10-14.htm
Exhibit 10.14
 
Qingdao Jiajia Office Lease Contract
(Translation)

Lessor: Xinhuajin Group Qingdao Jindi Industry Co., Ltd.
Lessee: Shandong Jiajia International Freight & Forwarding Co., Ltd.
 
Article 1.  Property location
 
The property is located at Golden Plaza North Building Suite 609, 20 Middle Hongkong Road, Qingdao, China. The office has 170 square meters.
 
Articles 2.  Lease Term
 
The lease contract shall be effective for two years, commencing on May 10, 2012 and ending on May 9, 2014.
 
Articles 3. Rent and Payment
 
The annual rent of first year is RMB 155,124, including property management fee RMB77, 562. The annual rent for the 2nd year is RMB 161,328, including management fee RMB 80,664.
 
Article 4. Property Maintenance
 
The lessor is responsible for property maintenance. The maintenance projects should not interrupt the normal operation of the lessee. Both parties negotiate the timeline and working plan of the maintenance projects. The lessee should cooperate with the lessor in implementing maintenance working plan. If the maintenance projects are carried out beyond the fields agreed-on and cause damages on the lessee, the lessor should compensate the lessee for the loss.
 
Article 5..Utilities
 
Party A shall afford the utility fees during the rent period.
 
Article 6.  Rights and Obligations of Both Parties
 
1.  
If the lessor transfer the property to the third party, the agreement shall be binding to the lessee and the third party.
2.  
The lessor shall inform the lessee 3 months earlier before selling the property, and the lessee has the priority to purchase the property at the same term.
3.  
The lessee shall not sublease the property without the lessor’s consent.
 
Article 7. Responsibilities of Breaching of the Lease
 
If one party breaches the lease, the party should compensate the counterpart according to the terms of the lease, including but not limited to the monetary loss of the counterpart and the expenses associated with the exercise of the right such as transportation cost, attorney fees, and appraisal fees, etc.
For any breach, the default party shall pay 3% of the total rent as the penalty to the other Party.
 
- 1 -
 

 
 
Article 8. Force Majeure and Other Unpredictable Consequences:
 
If both parties are not able to implement this contract due to force majeure or other unpredictable factors, the lease automatically terminates and either party is not responsible for the loss of the counterpart.
 
Article 9.Dispute Resolution
 
1. All disputes between the Lessor and Lessee shall be settled by negotiation, if can not be resolved through negotiation, either party can bring a lawsuit to the Shinan District Court of Qingdao City.
 
Article 10. Others
 
Article 11. This contract applies to People’s Republic of China Contract Law and related judicial interpretation.
 
Article 12. This contract has two original copies. Each party holds two original copies respectively. All the original copies have the same legal validity.
 
 
 
Lessor: Seal
 
Lessee: /s/ Liu
 
 
 
- 2 -
 
EX-23.1 9 exh23-1.htm CONSENT OF SHERB & CO., LLP exh23-1.htm EX-31.1 10 exh31-1.htm RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER exh31-1.htm
EXHIBIT 31.1
 
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
 
I, Wei Chen, certify that:
 
1.    I have reviewed this annual report on Form 10-K of China Logistics Group, Inc. for the year ended December 31, 2012;
 
2.    Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;
 
3.    Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;
 
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
 
a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;
 
 
b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
 
c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

 
d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

 5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):
 
a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
 
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.  
 
         
       
Dated:  May 15, 2013
      
By:
  
/s/ Wei Chen          
           
Wei Chen
Chief Executive Officer, principal executive officer
 
 EX-31.2 11 exh31-2.htm RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER exh31-2.htm
EXHIBIT 31.2
 
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
 
I, Yuan Huang, certify that:
 
1.    I have reviewed this annual report on Form 10-K of China Logistics Group, Inc. for the year ended December 31, 2012;
 
2.    Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;
 
3.    Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;
 
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
 
a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;
 
 
b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
 
c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

 
d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):
 
a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
 
b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.  
 
       
Dated:  May 15, 2013
      
By:
  
/s/ Yuan Huang           
           
Yuan Huang
Chief Financial Officer and principal financial and accounting officer
EX-32.1 12 exh32-1.htm SECTION 1350 CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER exh32-1.htm
Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of China Logistics Group, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Wei Chen, Chief Executive Officer of the Company, and I, Yuan Huang, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

(1)  
The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)  
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



May 15, 2013
By:
/s/ Wei Chen
   
Wei Chen
Chief Executive Officer
     

 
By:
/s/ Yuan Huang
   
Yuan Huang
Chief Financial Officer
     
EX-101.INS 13 chlo-20121231.xml XBRL INSTANCE DOCUMENT 10-Q 2012-12-31 false China Logistics Group Inc 0001123493 --12-31 Smaller Reporting Company No No No 415082 2012 Q4 7935 1277741 3407307 57869 24356 4107145 6042032 4172007 6079706 2636667 3100660 423241 630353 357 10267 4413244 5577125 450 450 41508 41508 20636980 20636980 -20247282 -19763182 -94549 -141899 337107 773857 -578344 -271276 -241237 502581 4172007 6079706 23133394 24869518 21914116 24431175 1219278 438343 1131035 1174438 318487 580500 318195 2030022 1492633 -810744 -1054290 -30467 -104467 4551 -562 -25916 -105029 -836660 -1159319 17670 -484100 -675036 47350 -14490 -789310 -1191479 -352560 -501953 -436750 -689526 -0.01 -0.02 -0.01 -0.02 41508203 41508203 41508203 41508203 450 41508 20636980 -19088146 -127408 244596 1707980 -675036 -501953 -14491 -13919 -28410 -1205399 450 41508 20636980 -19763182 -141899 -271276 502581 -484100 -352560 47350 45492 92842 -743818 450 41508 20636980 -20247282 -94549 -578344 -241237 10-K 2012-12-31 false China Logistics Group Inc 0001123493 --12-31 Smaller Reporting Company No No No 2012 FY -836660 -1176989 6697 13229 888970 255712 142780 1761410 -658467 42210 434698 -33305 323053 -489126 831503 -211561 164506 -9991 -4886 -186933 19046 1074491 201405 -34992 -15782 1426 316868 63413 -55458 283302 -7827 -307375 -429567 341642 -307375 -87925 -32807 -18605 1017611 87048 1309848 2414507 1396896 9911 23843 58429090 <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 1 &#150; SUMMARY OF BUSINESS AND ORGANIZATION</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>History of Company</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>China Logistics Group, Inc. (&#147;we&#148;, &#147;us&#148;, &#147;our&#148; or the &#147;Company&#148;) is a Florida corporation and was incorporated on March&nbsp;19, 1999 under the name of ValuSALES.com, Inc. We changed our name to Video Without Boundaries, Inc. on November&nbsp;16, 2001. On August&nbsp;31, 2006 we changed our name from Video Without Boundaries, Inc. to MediaREADY, Inc. and on February&nbsp;14, 2008, we changed our name from MediaREADY, Inc. to China Logistics Group, Inc.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>On December 31, 2007, we entered into an acquisition agreement with Shandong Jiajia International Freight and Forwarding Co., Ltd. (&#147;Shandong Jiajia&#148;) and its sole shareholders Messrs. Hui Liu and Wei Chen, through which we acquired a 51% interest in Shandong Jiajia. The transaction was accounted for as a capital transaction, implemented through a reverse recapitalization.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Shandong Jiajia, formed in 1999 as a Chinese limited liability company, is an international freight forwarder and logistics management company and acts as an agent for international freight and shipping companies. Shandong Jiajia sells cargo space and arranges land, maritime, and air international transportation for clients seeking to import or export merchandise into or from China.&nbsp;&nbsp;Shandong Jiajia has branches in Shanghai, Qingdao, Xiamen, Tianjin and Lianyungang with an additional sales office in Rizhao.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 2 &#150; BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Going Concern</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </i></b>The accompanying consolidated financial statements have been prepared on a going concern basis. The Company has an accumulated deficit of approximately $20,247,000 and a negative working capital at December 31, 2012 of approximately $306,000. The Company has incurred net losses of approximately $837,000 and $1,177,000 for the years ended December 31, 2012 and 2011, respectively. The Company&#146;s ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and to obtain any necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted at this time.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; These matters raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Basis of Presentation</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The accompanying consolidated financial statements for the year ended December 31, 2012 and 2011 have been prepared in conformity with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;). The accompanying consolidated financial statements include our accounts and those of our 51% owned subsidiary, Shandong Jiajia. All inter-company transactions and balances have been eliminated in consolidation.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Fair Value of Financial Instruments</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We adopted the guidance of Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 3-Inputs are unobservable inputs which reflect the reporting entity&#146;s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>ASC 825-10 &#147;Financial Instruments&#148;, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Use of Estimates</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reported periods.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Significant estimates for the periods reported include the allowance for doubtful accounts, which is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers, knowledge of our industry segment in Asia, and historical bad debt experience.&nbsp;&nbsp;This evaluation methodology has provided a reasonable estimate of bad debt expense in the past and we intend to continue to employ this approach in our analysis of collectability.&nbsp;&nbsp;However, we are aware that given the varying recovery levels of our customers from the recent global economic situation meaningful time horizons may change.&nbsp;&nbsp;&nbsp;&nbsp;Assumptions and estimates employed in these areas can be material to our reported financial condition and results of operations.&nbsp;&nbsp;Actual results could differ from these estimates. Significant estimates for the years ended December 31, 2012 and 2011 include the allowance for doubtful accounts on accounts receivable, the useful life of property and equipment, and assumptions used in assessing impairment of long-term assets.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Foreign Currency Translation</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The accompanying consolidated financial statements are presented in United States dollars. The functional currency of Shandong Jiajia is the Renminbi (&#147;RMB&#148;), the official currency of the PRC.&nbsp;&nbsp;In accordance with ASC 830-20-35, assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange rate prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the period to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial statements. Gains and losses resulting from the translation of local currency financial statements into U.S. dollars are reflected in other comprehensive income in the consolidated statements of operations and comprehensive income (loss).</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place through PRC authorized institutions.&nbsp;&nbsp;Translation of amounts from RMB into United States dollars (&#147;US$&#148;) has been made at the following exchange rates for the respective periods:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Period end RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3523</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr style='height:9.0pt'> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Average fiscal-year-to-date RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3034</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.4544</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Cash and Cash Equivalents</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying value of these instruments approximates fair value.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Accounts Receivable</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;Accounts receivable are presented net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, a customer&#146;s historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection.&nbsp;The allowance for doubtful accounts totaled $3,818,209 and $2,884,655 at December 31, 2012 and 2011, respectively.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Advances to Vendors and Other Current Assets</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Advances to vendors and other current assets consist primarily of prepayments or deposits from us for contracted shipping arrangements that have not been utilized by our customers.&nbsp;&nbsp;These amounts are recognized as cost of revenues as shipments are completed and customers utilize the shipping arrangement.&nbsp;&nbsp;Advances to vendors totaled $57,871 and $24,356 at December 31, 2012 and 2011, respectively.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Property and Equipment and Long-Lived assets</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Property and equipment are recorded at cost.&nbsp;&nbsp;Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred.&nbsp;&nbsp;Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.&nbsp;&nbsp;Leasehold improvements, if any, are amortized on a straight-line basis over the shorter of the lease period or the estimated useful life.&nbsp;&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We periodically evaluate the carrying value of long-lived assets to be held and used in the business, generally in conjunction with the annual business planning cycle, and when events and circumstances otherwise warrant. If the carrying value of a long-lived asset is considered impaired, a loss is recognized based on the amount by which the carrying value exceeds the fair value for assets to be held and used. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risks involved. There was no impairment recognized during the years ended December 31, 2012 and 2011.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Advances from Customers</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Advances from customers consist of prepayments to us for contracted cargo that has not yet been shipped to the recipient and for other advance deposits. These amounts are recognized as revenue as shipments are completed and customers take delivery of goods, in compliance with the related contract and our revenue recognition policy. Advances from customers totaled $302,042 and $485,102 at December 31, 2012 and 2011, respectively.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Stock Based Compensation</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We account for equity-based compensation issued to employees by measuring the grant-date fair value of the securities issued to employees and recognize the associated compensation cost in the consolidated financial statements over the period during which the employees are required to provide services.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Basic and Diluted Loss per Share</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Pursuant to ASC Subtopic 260-10-45, basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance&nbsp;of common stock that would then share in the income of the Company, subject to anti-dilution limitations. Potentially dilutive common shares consist of common stock issuable for stock warrants, and shares issuable upon conversion of Series B convertible preferred stock. These common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company&#146;s net losses and consisted of the following:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Warrants</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Series B convertible preferred stock</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Concentration of Credit Risk</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;text-indent:.5in;line-height:normal;text-autospace:none'>The Company's operations are carried out in the People&#146;s Republic of China (&#147;PRC&#148;). Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and accounts receivable. We deposit our cash with high credit quality financial institutions in the United States and the PRC. At December 31, 2012, we had deposits of $2,414,544 in banks in the PRC.&nbsp;&nbsp;In the PRC, there is no federal deposit insurance as in the United States; as such these amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through December 31, 2012.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Revenue Recognition</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We provide freight forwarding services generally under contract with our customers.&nbsp;&nbsp;Our business model involves placing our customers&#146; freight on prearranged contracted transport.&nbsp;&nbsp;Our revenue recognition policy is in accordance with the guidance of FASBASC 605, &#147;Revenue Recognition.&#148;&nbsp;&nbsp;In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Our revenue recognition is typically determined by our shipment/payment terms as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:.05pt;border-collapse:collapse'> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When merchandise departs the shipper&#146;s location when the trade pricing terms are CIF (cost, insurance and freight),</p> </td> </tr> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When merchandise departs the shipper&#146;s location when the trade pricing terms are CFR (cost and freight), or</p> </td> </tr> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When the merchandise arrives at the destination port if the trade pricing terms are FOB (free on board) destination.</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company recognizes direct shipping costs concurrently with the recognition of the related revenue for each shipment.&nbsp;&nbsp;These costs are generally isolated by billings as the Company does not own the shipping containers or transportation vessels.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Comprehensive Income</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We follow ASC 220, &#147;Comprehensive Income&#148; to recognize the elements of comprehensive income (loss). Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders&#146; equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.&nbsp;&nbsp;Our comprehensive income (loss) for 2012 and 2011 included net loss and foreign currency translation adjustments.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Non-controlling Interest</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;Non-controlling interests in our subsidiary are recorded as a component of our equity, separate from the parent&#146;s equity.&nbsp;&nbsp;Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions.&nbsp;&nbsp;Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and upon loss of control the interest sold, as well as the interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Income Taxes</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;We account for income taxes in accordance with ASC 740, &#147;Income Taxes.&#148;&nbsp;&nbsp;ASC 740 requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in our financial statements or tax returns.&nbsp;&nbsp;Measurement of the deferred items is based on enacted tax laws.&nbsp;&nbsp;In the event the future consequences of differences between the financial reporting and tax basis of our assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability that we will generate sufficient taxable income to be able to realize the future benefits indicated by the deferred tax assets.&nbsp;&nbsp;A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or the entire deferred tax asset will not be realized.&nbsp;&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Recent Accounting Pronouncements</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>In December 2011, the FASB issued Accounting Standard Update (&#147;ASU&#148;) 2011-11, &#147;Balance Sheet (Topic 210)&#148;. The objective of this Update is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity&#146;s financial position. This includes the effect or potential effect of rights of setoff associated with an entity&#146;s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 will not have a material effect on the Company&#146;s financial statements.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies.&nbsp;&nbsp;Due to the tentative and preliminary nature of those proposed standards, the Company&#146;s management has not determined whether implementation of such proposed standards would be material to its consolidated financial statements.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 3 - OTHER RECEIVABLES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Other receivables are comprised of advances to other entities with which we have a strategic or other business relationship, a refundable deposit we made as required by a Chinese court in connection with a lawsuit we filed against our former customer for amounts owed to us, and deferred expenses.&nbsp;&nbsp;The amounts advanced to our strategic partners are unsecured, payable on demand, and bear no interest.&nbsp;&nbsp;We also advance money to employees for business trips which are then subsequently expensed upon processing of an expense report.&nbsp;&nbsp;The components of other receivables at December 31, 2012 and&nbsp;2011 were as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advances receivable</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 270,780</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 427,590</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Legal deposit</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31,488</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Deferred expense</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 58,383</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,331</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Other</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19,930</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 72,599</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Other Receivables</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 349,093</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 583,008</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 4 &#150; PROPERTY AND EQUIPMENT</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>At December 31, 2012 and 2011, property and equipment consisted of the following:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="290" valign="bottom" style='width:217.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="67" valign="bottom" style='width:50.2pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Useful Lives</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Computer equipment</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>4 years</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 53,900&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 54,045&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Furniture and equipment</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>4-5 years</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 147,165&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 112,089&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;&nbsp;&nbsp;</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 201,065&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 166,134&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Less: accumulated depreciation</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (136,203)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (128,460)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Property and equipment, net</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 64,862&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,674&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>For the years ended December 31, 2012, and 2011, depreciation expense totaled $6,697 and $13,229, respectively.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 5 - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Accrued expenses and other current liabilities are comprised of i)non-interest bearing advances from unrelated third parties used for working capital purposes and payable on demand, ii) accruals for professional fees and other operating expenses that have yet to be billed, and iii) accrued salaries.&nbsp;&nbsp;The components of accrued expenses and other current liabilities at December 31, 2012 and 2011 were as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advances payables</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 273,994</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 494,905</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accrued expenses</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 97,276</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 84,101</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accrued salaries</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,971</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,347</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Accrued expenses and other current liabilities</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 423,241</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 630,353</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE&nbsp;6 &#150; STOCKHOLDERS&#146; EQUITY</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Preferred Stock</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We have 10,000,000 shares of preferred stock, par value $.001, authorized, 1,000,000 of which we designated as our Series A Convertible Preferred Stock in December&nbsp;2007 in connection with our acquisition of a 51% interest in Shandong Jiajia. On March 28, 2008 shareholders holding the Series A Convertible Preferred Stock converted their 1,000,000 shares into 2,500,000 shares of common stock, and no shares of Series A Convertible Preferred Stock were outstanding at December 31, 2012 and 2011.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>In December&nbsp;2007, we designated 1,295,000 shares of our preferred stock as Series&nbsp;B Convertible Preferred stock in connection with our acquisition of a 51% interest in Shandong Jiajia. Each share of Series B Convertible Preferred Stock is convertible into 10 shares of our common stock.&nbsp;&nbsp;On March 28, 2008, holders of the Series&nbsp;B Convertible Preferred Stock converted 845,000 shares of the Series&nbsp;B Convertible Preferred Stock into 8,450,000 shares of common stock and 450,000 shares of Series B Convertible Preferred Stock held by CD International Enterprises, Inc. remained outstanding at December 31, 2012 and 2011. In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock<b>.</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Common Stock Purchase Warrants</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;&nbsp;&nbsp;&nbsp; A summary of our common stock purchase warrant activity during 2012 and 2011 is as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="257" valign="bottom" style='width:192.55pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Number of shares&nbsp;underlying</p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>warrants</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Weighted</p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>average exercise&nbsp;price</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Weighted average contractual life</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Outstanding at December&nbsp;31, 2010</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160; 33,561,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.21</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Granted</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Expired</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; (2,002,500)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Outstanding at December&nbsp;31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160; 31,558,500&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.33</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Granted</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Exercised</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Outstanding at December&nbsp;31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160; 31,558,500&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.33</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The common stock purchase warrants outstanding at December 31, 2012 and 2011 include 31,558,500 warrants issued in connection with the 2008 Unit Offering.&nbsp;&nbsp;These warrants are currently exercisable at $0.20 per share and expired on April 30, 2013.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 7 &#150; RELATED PARTY TRANSACTIONS</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Due from related parties</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>At December 31, 2012 and 2011, due from related parties consisted of the following;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due from Shandong Huibo Import &amp; Export Co., Ltd.</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="top" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 365,918</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due from Tianjin Sincere Logistics Co., Ltd</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 199,240</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Langyunbu</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="top" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 65,307</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Due from related parties</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 630,465</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Due from related parties were $0 and $630,465 at December 31, 2012 and 2011, respectively.&nbsp;&nbsp;Shandong Huibo Import &amp; Export Co., Ltd. is a 24.3% shareholder in Shandong Jiajia. Tianjin Sincere Logistics Co., Ltd, and Lianyunbu are the entities affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>At December 31, 2012,Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia, owed us $0, net of repayments of $65,307 during 2012.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>At December 31, 2012, Tianjin Sincere Logistics Co., Ltd., which is an entity affiliated with Bin Liu, the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd, owed us $0, net of repayments of $199,240 during 2012.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>During the year ended December 31, 2012, the Company recorded bad debt expense of $318,487 for the balance of due from Shandong Huibo Import &amp; Export Co., Ltd. (&#147;Shandong Huibo&#148;), a 24.3% shareholder in Shandong Jiajia. The Company collected $47,431 from Shandong Huibo during 2012. Shandong Huibo ceased the operation during April 2012and the advance to Shandong Huibo was deemed uncollectible.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>From time to time, the Company advances funds to Langyubu, an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajiafor working capital purposes. These advanced bear no interest, are unsecured and due on demand.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Due to related parties</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>At December 31, 2012 and 2011, due to related parties consisted of the following:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Xiangfen Chen</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 72,509</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,667</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Bin Liu</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 194,949</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 296,872</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Tianjin Sincere Logistics Co., Ltd.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 177,137</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 561,062</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Shunbo International Freight Ltd.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,671</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Lianyunbu</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,982</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Shang Jing</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 47,611</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Loans and interest due to CD International Enterprises, Inc.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 410,078</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 405,142</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Due to related parties</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160; 1,050,937</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160; 1,350,743</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xiangfen Chen is the general manager of Shandong Jiajia Xiamen branch. Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia,</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shang Jing is the general manager of Shandong Jiajia Qingdao Branch.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bin Liu is the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lianyunbu is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia. These loans are unsecured, non-interest bearing and repayable on demand. Shandong Jiajia used the proceeds for general working capital purposes.&#160; </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lianyungang Shunbo International Freight Ltd. is a company owned by Shunhua Jiang, the Spouse of Shouliu Tang, the general manager of Lianyungang branch</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.75in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The amounts due to CD International Enterprises, Inc. as of December 31, 2012 was $410,078, which included $323,000 of working capital loans and $87,078 related to professional fees, primarily legal and accounting paid by CDI on our behalf. The proceeds from these promissory notes were used for working capital purposes.&nbsp;The notes accrue interest at 4% annually and were due at various dates in 2012. In 2013, CD International Enterprises, Inc. assigned certain loans and interest to third parties and these notes were exchanged for convertible notes pursuant to a securities purchase agreements (see Note 11 &#150; Subsequent Events)</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>&nbsp;</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 8 &#150; INCOME TAXES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company accounts for income taxes pursuant to the accounting standards that require the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards.&nbsp;&nbsp;Additionally, the accounting standards require the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including those related to the temporary differences from the deduction of depreciation and related expenses for income tax purposes as compared to financial statement purposes are dependent upon future earnings.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Effective January 1, 2008, the Company's subsidiaries in China are governed by the Enterprise Income Tax Law of the People&#146;s Republic of China and local income tax laws (the &quot;PRC Enterprise Income Tax Law&quot;). Pursuant to the PRC Enterprise Income Tax Law, our Chinese subsidiary is considered a Resident Enterprise and is subject to tax at a statutory rate of approximately 25% for the calendar year ended December 31, 2012 and 2011.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The components of loss before income tax and non-controlling interest consist of the following:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>US Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (117,149)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160; (152,594)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Chinese Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (719,511)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,006,725)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Loss Before Income Tax and Non-controlling Interest</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (836,660)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,159,319)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The components of the provision for income taxes are as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>US Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Chinese Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,670</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Provision for Income Taxes</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,670</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The table below summarizes the reconciliation of the Company&#146;s income tax provision computed at the statutory U.S. Federal rate and the actual tax provision:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Income tax provision (benefit) at Federal statutory rate of 34%</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (285,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (394,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>State income taxes, net of Federal Benefit</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (33,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160; (46,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>U.S. tax rate in excess of PRC statutory rate of 25%</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 94,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>(Decrease) Increase in valuation allowance&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 224,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 326,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Tax provision (benefit)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company has net operating loss (&#147;NOL&#148;) carryforwards for United States income tax purposes at December 31, 2012 of approximately $2,632,000, which expire through the year 2032. The utilization of the Company&#146;s NOL&#146;s may be limited in the event of a change in ownership as defined under Section 382 of the Internal Revenue Code. In addition to NOL&#146;s for the Company&#146;s US operations, the Company has NOL&#146;s for their PRC operations totaling approximately $1,700,000 as of December 31, 2012 which will expire if not utilized by the Company within five years.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company has recognized a valuation allowance for those deferred tax assets for which it is more likely than not that realization will not occur. The deferred tax assets of the Company&#146;s U.S. parent, China Logistics Group, Inc., and its PRC subsidiary, are included below and have been fully reserved with a valuation allowance as management has concluded that it is more likely than not that it will fail to generate sufficient taxable income in the future to utilize these deferred tax assets.&nbsp;&nbsp;In addition, management has determined that the acquisition of 51% of Shandong Jiajia may have limited the utilization of the Company&#146;s NOL carryforward for U.S. Federal and State income tax purposes, due to a possible change in ownership as defined under Section 382 of Internal Revenue Code.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company&#146;s deferred tax assets as of December 31, 2012 and 2011 are as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Federal net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 894,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 855,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>State net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 105,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 101,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>PRC net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 437,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 256,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,436,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,212,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Valuation allowance</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,436,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,212,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We periodically reassess the validity of our conclusions regarding uncertain income tax positions to determine if facts or circumstances have arisen that might cause us to change our judgment regarding the likelihood of a tax position&#146;s sustainability under audit. The impact of this reassessment for the years ended December 31, 2012 and 2011 did not have any impact on our results of operations, financial conditions or liquidity.&nbsp;&nbsp;We have concluded that we have not taken any uncertain tax positions on any of our open income tax returns that would materially distort our financial statements.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 9 &#150; FOREIGN OPERATIONS</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The table below presents information by regions for the years ended December 31, 2012 and 2011:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.45pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><i>December 31, 2012</i></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Sales</b></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Assets</b></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>United States</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>PRC</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 23,133,394</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,172,009</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $ 23,133,394</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160; 4,172,009</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'><i>December 31, 2011 (As Restated)</i></p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>United States</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,257</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>PRC</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 24,869,518</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,449</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $ 24,869,518</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160; 6,079,706</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 10 &#150; COMMITMENTS AND CONTINGENCIES</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Rent expense from our office leases for 2012 and 2011 was $97,450 and $108,576, respectively.&nbsp;&nbsp;We did not have any minimum, contingent, or sublease arrangements in these leases.&nbsp;&nbsp;The table below reflects our minimum commitments for our various office leases in the U.S. and China for the years ended December 31, 2013 and thereafter:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="458" valign="bottom" style='width:343.25pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Period</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Total</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Period ended December 31, 2013</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 66,122</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Thereafter</p> </td> <td width="6" valign="top" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,521</p> </td> <td width="6" valign="top" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 75,643</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We lease approximately 7,008 square feet of office space from Mr. Chen, our Chairman and CEO, at 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011 which serves as our principal executive offices under a lease which expires on May 31, 2013.&nbsp;&nbsp;Under the terms of this lease we pay Mr. Chen RMB 25,000 (approximately $3,966) per month in rent. We also pay a property management fee to an unrelated party of approximately RMB 11,719 (approximately $1,859) per month in connection with this lease. We plan on renewing the lease pursuant to the same term.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Previously, our China headquarters occupied approximately 2,368 square feet of leased office space in Qingdao, China, which was leased from an unrelated third party under a lease expiring on January 31, 2012 at an annual rental obligation of RMB 223,234 (approximately $33,823). In May 2012, we relocated our China headquarters office to 20 Hong Kong Zhong Road, Golden Plaza, North Mansion, Suite 607, Qingdao, China. The new headquarters occupies approximately 1,830 square feet which is leased from an unrelated third party under a lease expiring on May 9, 2014. The annual rent of first year is approximately $24,610 (RMB 155,124), including property management fee $12,305 (RMB77, 562). The annual rent for the second year is approximately $25,590 (RMB 161,328), including the management fee which is approximately $12,791 (RMB 80,664).</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We also rent various office spaces throughout China as set forth in the following table. The U.S. dollar amounts have been estimated based on current exchange rates.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:.05pt;border-collapse:collapse'> <tr> <td width="313" valign="bottom" style='width:234.6pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Location</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="bottom" style='width:102.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Approximate Square Feet</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="122" valign="bottom" style='width:91.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Annual Rent</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Expiration of Lease</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Xiamen Branch, Xiamen City, Fujian Province (1)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,026</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>$1,713(RMB 10,800)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>December 31, 2013</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,184</p> </td> <td width="7" valign="top" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:white;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>$4,759(RMB 30,000)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:white;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>March 14, 2014</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Tianjin Branch, Tianjin City (3)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,088</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>$15,611(RMB 98,400)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>April 30, 2013</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We lease the offices for our Xiamen Branch from Mr. Xiangfen Chen, its General Manager.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We lease the offices for our Lianyuangang Branch from an unrelated third party. This lease expired on March 15, 2013, and the annual rent is $4,759. The lease agreement has been renewed to March 14, 2014 with an annual rent of $4,759. The rental fee is paid monthly.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We lease the offices for our Tianjin Branch from Mr. Bin Liu, its General Manager. We plan on renewing the lease pursuant to the same terms.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 11 &#150; SUBSEQUENT EVENTS</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>On January 3, 2013, the Board of Directors of the Company issued 10,000,000 shares of its unregistered common stock, par value $0.001 per share to Mr. Wei Chen, the Company&#146;s Chief Executive Officer. Of these shares, 5,000,000, valued at $15,000 as of the market price, were for Mr. Chen&#146;s compensation as the Company&#146;s CEO during its fiscal year 2012, and 5,000,000 are for his compensation as the Company&#146;s CEO for services to be provided during its fiscal year 2013.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>On February 5, 2013, the Company and Hanover Holding I, LLC (&#147;Hanover&#148;) entered into a Securities Purchase Agreement, providing for the issuance of the 12% Convertible Promissory Note in the principal amount of $27,000. The 12% convertible promissory note and all accrued interest is due on October 5, 2012. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the note s paid. Hanover is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company&#146;s common stock at a conversion price for each share of Common Stock equal to a price which is a 70% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the &quot;Conversion Price&quot;).</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Note has a Flex Floor at $0.0225 (the &#147;Original Floor&#148;).If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three <i>consecutive </i>trading days in order to maintain the Original Floor. If the stock is unable to meet these requirements after these 10 business days, a New Floor is set equivalent to 50% of the lowest trading price in the same 10 business days (the &quot;New Floor&quot;).If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor. The stock will have to continue to maintain a price above the New Floor. If the price is unable to close above the New Floor for three consecutive trading days in 10 business days after the price has dipped, the Flex Floor will be eliminated. If the Company&#146;s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Company determined that the conversion feature of the 12% convertible promissory note represents an embedded derivative since the note is convertible into a variable number of shares.&nbsp;&nbsp;Accordingly, the 12% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 5, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/(expense) in the consolidated statements of operations.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>On February 6, 2013, CD International Enterprises, Inc. assigned certain loans and interest it is owed by the Company amounting to $50,952 to Magna Group LLC (&#147;Magna&#148;). In connection with this assignment, the Company and Magna entered into a Securities Purchase Agreement, providing for the issuance of the 6% Convertible Promissory Note in the principal amount of $50,952. The 6% convertible promissory note and all accrued interest is due on February 6, 2014. Magna is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company&#146;s common stock at a conversion price for each share of Common Stock equal to a price which is a 30% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the &quot;Conversion Price&quot;). Magna will have a one-time Conversion Price to be used upon the first conversion of the Note that is equal to a price which is a 30% discount from the lowest Daily VWAP in the 10 days prior to the day that Magna requests conversion. The Note has a Flex Floor at $.0225 (the &#147;Original Floor&#148;).If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three consecutive trading days in order to maintain the Original Floor. If the stock is unable to meet these requirements after these 10 business days, a New Floor is set equivalent to 50% of the lowest trading price in the same 10 business days (the &quot;New Floor&quot;).If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor. The stock will have to continue to maintain a price above the New Floor. If the price is unable to close above the New Floor for three consecutive trading days in 10 business days after the price has dipped, the Flex Floor will be eliminated. If the Company&#146;s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. In February 2013, the entire outstanding principal amount and all accrued and unpaid interest was converted into 1,047,852 and 1,373,035 shares of Company&#146;s common stock at the cost basis of $0.02863 per share and $0.01526 per share, respectively. The Company determined that the conversion feature of the convertible debentures represents an embedded derivative since the debentures are convertible into a variable number of shares. Accordingly, the 5% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 6, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/ (expense) in the consolidated statements of operations.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>On April 8, 2013, the Company and China Direct Investments, Inc. (&#147;CDI&#148;) entered into a Convertible Note Agreement, providing for the issuance of the 4% Convertible Note in the principal amount of $82,143. The 4% convertible promissory note and all accrued interest is due on April 8, 2014. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of four percent (4%) per annum from the due date thereof until the date of issuance. CDI is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company&#146;s common stock at a conversion price for each share of Common Stock equal to a price which is a 20% discount from the lowest Daily VWAPs in the 10 days prior to the day that CDI requests conversion, unless otherwise modified by mutual agreement between the Parties (the &quot;Conversion Price&quot;).</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>NOTE 12 &#150; RESTATEMENT</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company&#146;s consolidated financial statements have been restated as of December 31, 2011 and for the year ended December 31, 2011. On May 7, 2013, we determined that we incorrectly understated accounts receivable, net, advances to suppliers and accounts payable and accrued expenses and overstated beginning accumulated deficit. These restatements were caused by errors that occurred in the consolidation process and related to adjustments made to convert PRC GAAP financial statements to U.S. GAAP. Accordingly, the Company&#146;s consolidated balance sheet at December 31, 2011 and the statement of operations and comprehensive income (loss), statement of changes in stockholders&#146; equity (deficit), and statement of cash flows for the year ended December 31, 2011 has been restated herein. The effect of correcting these errors in the Company&#146;s consolidated financial statements is shown in the tables as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="699" style='margin-left:.15pt;border-collapse:collapse'> <tr> <td width="349" valign="bottom" style='width:261.65pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed consolidated Balance Sheet:</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="336" colspan="8" valign="bottom" style='width:251.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts receivable, net</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,393,631&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13,676&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,407,307&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Other receivables, net</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 598,750&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (15,742)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 583,008&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advance to vendors and other prepaid expenses</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24,356&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24,356&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Total current assets</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,019,742&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,042,032&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Assets</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,416&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160; 6,079,706&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts payable - trade</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,574,287&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (473,627)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,100,660&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accrued expenses and other current liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 789,070&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (158,717)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 630,353&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Current Liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,209,469&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (632,344)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,577,125&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Total Liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,209,469&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (632,344)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,577,125&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Stockholders&#146; Equity (Deficit):</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accumulated deficit</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (20,218,197)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,178&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 417,837&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; (19,763,182)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accumulated other comprehensive loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (144,033)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1,984)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,118&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (141,899)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total China Logistics Group, Inc. shareholders' equity</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 316,708&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 457,149&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 773,857&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Non-controlling interest</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (468,761)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 92,342&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (271,276)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 105,143&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Total shareholders' equity (deficit)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (152,053)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 654,634&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 502,581&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Liabilities and Stockholders&#146; Equity (Deficit)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,416&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160; 6,079,706&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr> <td width="21" style='width:15.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="677" style='width:507.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="21" valign="top" style='width:15.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(a)</p> </td> <td width="677" valign="top" style='width:507.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses in 2011</p> </td> </tr> <tr> <td width="21" valign="top" style='width:15.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(b)</p> </td> <td width="677" valign="top" style='width:507.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>To adjust for the overstatement of accounts payable and accrued expenses and understatement of allowance for doubtful accounts related to 2009 and 2010.</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="699" style='border-collapse:collapse'> <tr> <td width="356" valign="bottom" style='width:266.85pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed Consolidated Statement of Operations and Comprehensive Income (Loss):</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="329" colspan="8" valign="bottom" style='width:247.1pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>For the Year ended December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Sales</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; 24,869,518&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; 24,869,518&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Cost of sales</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; 24,369,914&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 61,261&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; 24,431,175&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Gross profit</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 499,604&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (61,261)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 438,343&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Operating expenses:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Selling, general and administrative</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,113,524&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 60,914&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,174,438&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Bad debt expense</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 571,794&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (253,599)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 318,195&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total operating expense</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,685,318&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (192,685)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,492,633&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Loss from operations</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,185,714)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,054,290)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Less: net loss attributable to the non-controlling interest</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 596,199&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (94,246)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 501,953&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net (loss) income attributable to China Logistics Group, Inc.</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160; (712,214)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,178&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160; (675,036)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Comprehensive Income (Loss):</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Net loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Foreign currency translation (loss) gain</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (12,506)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1,984)&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (14,490)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:22.85pt'> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Comprehensive Loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,320,919)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 129,440&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,191,479)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Earnings (loss) per common share:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Basic</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;&nbsp;Diluted</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:.3pt;border-collapse:collapse'> <tr> <td width="21" valign="top" style='width:15.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>(a)</p> </td> <td width="655" valign="top" style='width:491.4pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses</p> </td> <td width="14" valign="top" style='width:10.45pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="top" style='width:5.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="698" style='border-collapse:collapse'> <tr> <td width="384" valign="bottom" style='width:287.8pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed Consolidated Statement of Cash Flows:</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="301" colspan="7" valign="bottom" style='width:225.45pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>For the Year ended December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net Loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Bad debt</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (42,625)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 298,337&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 255,712&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Increase (decrease) in cash attributable to changes in operating assets and liabilities:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts receivable:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (246,478)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (411,989)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (658,467)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;&nbsp;Other receivables</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 418,956&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 15,742&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 434,698&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advance to vendors and other prepaid expenses</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 347,409&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (24,356)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 323,053&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accounts payable</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 915,577&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (84,074)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 831,503&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accrued expenses and other current liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 95,505&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 69,001&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 164,506&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 207,320&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (5,915)&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 201,405&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>EFFECT OF EXCHANGE RATE ON CASH</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (24,520)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,915</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (18,605)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>NET INCREASE&nbsp;IN CASH</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,048&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,048&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Fair Value of Financial Instruments</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We adopted the guidance of Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Level 3-Inputs are unobservable inputs which reflect the reporting entity&#146;s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>ASC 825-10 &#147;Financial Instruments&#148;, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Use of Estimates</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reported periods.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Significant estimates for the periods reported include the allowance for doubtful accounts, which is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers, knowledge of our industry segment in Asia, and historical bad debt experience.&nbsp;&nbsp;This evaluation methodology has provided a reasonable estimate of bad debt expense in the past and we intend to continue to employ this approach in our analysis of collectability.&nbsp;&nbsp;However, we are aware that given the varying recovery levels of our customers from the recent global economic situation meaningful time horizons may change.&nbsp;&nbsp;&nbsp;&nbsp;Assumptions and estimates employed in these areas can be material to our reported financial condition and results of operations.&nbsp;&nbsp;Actual results could differ from these estimates. Significant estimates for the years ended December 31, 2012 and 2011 include the allowance for doubtful accounts on accounts receivable, the useful life of property and equipment, and assumptions used in assessing impairment of long-term assets.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Foreign Currency Translation</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The accompanying consolidated financial statements are presented in United States dollars. The functional currency of Shandong Jiajia is the Renminbi (&#147;RMB&#148;), the official currency of the PRC.&nbsp;&nbsp;In accordance with ASC 830-20-35, assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange rate prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the period to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial statements. Gains and losses resulting from the translation of local currency financial statements into U.S. dollars are reflected in other comprehensive income in the consolidated statements of operations and comprehensive income (loss).</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place through PRC authorized institutions.&nbsp;&nbsp;Translation of amounts from RMB into United States dollars (&#147;US$&#148;) has been made at the following exchange rates for the respective periods:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Period end RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3523</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr style='height:9.0pt'> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Average fiscal-year-to-date RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3034</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.4544</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Cash and Cash Equivalents</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying value of these instruments approximates fair value.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Accounts Receivable</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;Accounts receivable are presented net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, a customer&#146;s historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection.&nbsp;The allowance for doubtful accounts totaled $3,818,209 and $2,884,655 at December 31, 2012 and 2011, respectively.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Advances to Vendors and Other Current Assets</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Advances to vendors and other current assets consist primarily of prepayments or deposits from us for contracted shipping arrangements that have not been utilized by our customers.&nbsp;&nbsp;These amounts are recognized as cost of revenues as shipments are completed and customers utilize the shipping arrangement.&nbsp;&nbsp;Advances to vendors totaled $57,871 and $24,356 at December 31, 2012 and 2011, respectively.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Property and Equipment and Long-Lived assets</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Property and equipment are recorded at cost.&nbsp;&nbsp;Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred.&nbsp;&nbsp;Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.&nbsp;&nbsp;Leasehold improvements, if any, are amortized on a straight-line basis over the shorter of the lease period or the estimated useful life.&nbsp;&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We periodically evaluate the carrying value of long-lived assets to be held and used in the business, generally in conjunction with the annual business planning cycle, and when events and circumstances otherwise warrant. If the carrying value of a long-lived asset is considered impaired, a loss is recognized based on the amount by which the carrying value exceeds the fair value for assets to be held and used. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risks involved. There was no impairment recognized during the years ended December 31, 2012 and 2011.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Advances from Customers</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Advances from customers consist of prepayments to us for contracted cargo that has not yet been shipped to the recipient and for other advance deposits. These amounts are recognized as revenue as shipments are completed and customers take delivery of goods, in compliance with the related contract and our revenue recognition policy. Advances from customers totaled $302,042 and $485,102 at December 31, 2012 and 2011, respectively.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Stock Based Compensation</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We account for equity-based compensation issued to employees by measuring the grant-date fair value of the securities issued to employees and recognize the associated compensation cost in the consolidated financial statements over the period during which the employees are required to provide services.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Basic and Diluted Loss per Share</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Pursuant to ASC Subtopic 260-10-45, basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance&nbsp;of common stock that would then share in the income of the Company, subject to anti-dilution limitations. Potentially dilutive common shares consist of common stock issuable for stock warrants, and shares issuable upon conversion of Series B convertible preferred stock. These common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company&#146;s net losses and consisted of the following:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Warrants</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Series B convertible preferred stock</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Concentration of Credit Risk</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;text-indent:.5in;line-height:normal;text-autospace:none'>The Company's operations are carried out in the People&#146;s Republic of China (&#147;PRC&#148;). Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and accounts receivable. We deposit our cash with high credit quality financial institutions in the United States and the PRC. At December 31, 2012, we had deposits of $2,414,544 in banks in the PRC.&nbsp;&nbsp;In the PRC, there is no federal deposit insurance as in the United States; as such these amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through December 31, 2012.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Revenue Recognition</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We provide freight forwarding services generally under contract with our customers.&nbsp;&nbsp;Our business model involves placing our customers&#146; freight on prearranged contracted transport.&nbsp;&nbsp;Our revenue recognition policy is in accordance with the guidance of FASBASC 605, &#147;Revenue Recognition.&#148;&nbsp;&nbsp;In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Our revenue recognition is typically determined by our shipment/payment terms as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:.05pt;border-collapse:collapse'> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When merchandise departs the shipper&#146;s location when the trade pricing terms are CIF (cost, insurance and freight),</p> </td> </tr> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When merchandise departs the shipper&#146;s location when the trade pricing terms are CFR (cost and freight), or</p> </td> </tr> <tr> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="53" valign="top" style='width:39.9pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="11" valign="bottom" style='width:8.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="622" valign="bottom" style='width:466.25pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>When the merchandise arrives at the destination port if the trade pricing terms are FOB (free on board) destination.</p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>The Company recognizes direct shipping costs concurrently with the recognition of the related revenue for each shipment.&nbsp;&nbsp;These costs are generally isolated by billings as the Company does not own the shipping containers or transportation vessels.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Comprehensive Income</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>We follow ASC 220, &#147;Comprehensive Income&#148; to recognize the elements of comprehensive income (loss). Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders&#146; equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.&nbsp;&nbsp;Our comprehensive income (loss) for 2012 and 2011 included net loss and foreign currency translation adjustments.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Non-controlling Interest</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;Non-controlling interests in our subsidiary are recorded as a component of our equity, separate from the parent&#146;s equity.&nbsp;&nbsp;Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions.&nbsp;&nbsp;Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and upon loss of control the interest sold, as well as the interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Income Taxes</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;We account for income taxes in accordance with ASC 740, &#147;Income Taxes.&#148;&nbsp;&nbsp;ASC 740 requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in our financial statements or tax returns.&nbsp;&nbsp;Measurement of the deferred items is based on enacted tax laws.&nbsp;&nbsp;In the event the future consequences of differences between the financial reporting and tax basis of our assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability that we will generate sufficient taxable income to be able to realize the future benefits indicated by the deferred tax assets.&nbsp;&nbsp;A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or the entire deferred tax asset will not be realized.&nbsp;&nbsp;</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b><i>Recent Accounting Pronouncements</i></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>In December 2011, the FASB issued Accounting Standard Update (&#147;ASU&#148;) 2011-11, &#147;Balance Sheet (Topic 210)&#148;. The objective of this Update is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity&#146;s financial position. This includes the effect or potential effect of rights of setoff associated with an entity&#146;s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 will not have a material effect on the Company&#146;s financial statements.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies.&nbsp;&nbsp;Due to the tentative and preliminary nature of those proposed standards, the Company&#146;s management has not determined whether implementation of such proposed standards would be material to its consolidated financial statements.</p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Period end RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3523</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr style='height:9.0pt'> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Average fiscal-year-to-date RMB: U.S. dollar exchange rate</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.3034</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.4544</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0;height:9.0pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Warrants</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 31,558,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Series B convertible preferred stock</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,500,000</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 36,058,500</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advances receivable</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 270,780</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 427,590</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Legal deposit</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31,488</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Deferred expense</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 58,383</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,331</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Other</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 19,930</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 72,599</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Other Receivables</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 349,093</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 583,008</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="290" valign="bottom" style='width:217.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="67" valign="bottom" style='width:50.2pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Useful Lives</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Computer equipment</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>4 years</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 53,900&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 54,045&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Furniture and equipment</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>4-5 years</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 147,165&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 112,089&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;&nbsp;&nbsp;</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 201,065&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 166,134&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Less: accumulated depreciation</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (136,203)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (128,460)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="290" valign="bottom" style='width:217.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Property and equipment, net</p> </td> <td width="67" valign="bottom" style='width:50.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 64,862&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,674&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advances payables</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 273,994</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 494,905</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accrued expenses</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 97,276</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 84,101</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accrued salaries</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,971</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 51,347</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Accrued expenses and other current liabilities</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 423,241</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 630,353</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="257" valign="bottom" style='width:192.55pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Number of shares&nbsp;underlying</p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>warrants</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Weighted</p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>average exercise&nbsp;price</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Weighted average contractual life</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Outstanding at December&nbsp;31, 2010</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160; 33,561,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.21</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Granted</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Expired</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; (2,002,500)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Outstanding at December&nbsp;31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160; 31,558,500&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.33</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Granted</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Exercised</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="257" valign="bottom" style='width:192.55pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Outstanding at December&nbsp;31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160; 31,558,500&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.20</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.33</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due from Shandong Huibo Import &amp; Export Co., Ltd.</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="top" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 365,918</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due from Tianjin Sincere Logistics Co., Ltd</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 199,240</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Langyunbu</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="top" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 65,307</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Due from related parties</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 630,465</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2012</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Xiangfen Chen</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 72,509</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,667</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Bin Liu</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 194,949</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 296,872</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Tianjin Sincere Logistics Co., Ltd.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 177,137</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 561,062</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Shunbo International Freight Ltd.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,671</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Due to Lianyunbu</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,982</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Due to Shang Jing</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 47,611</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Loans and interest due to CD International Enterprises, Inc.</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 410,078</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 405,142</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Due to related parties</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160; 1,050,937</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160; 1,350,743</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>US Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (117,149)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160; (152,594)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Chinese Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (719,511)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,006,725)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Loss Before Income Tax and Non-controlling Interest</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (836,660)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,159,319)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>US Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Chinese Operations</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,670</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;Provision for Income Taxes</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,670</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Year Ended December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Income tax provision (benefit) at Federal statutory rate of 34%</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (285,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160; (394,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>State income taxes, net of Federal Benefit</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (33,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160; (46,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>U.S. tax rate in excess of PRC statutory rate of 25%</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 94,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>(Decrease) Increase in valuation allowance&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 224,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 326,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Tax provision (benefit)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.35pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="190" colspan="4" valign="bottom" style='width:142.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31,</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2011</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>(As Restated)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Federal net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 894,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 855,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>State net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 105,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 101,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>PRC net operating loss carryforward</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 437,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 256,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,436,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,212,000&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Valuation allowance</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,436,000)</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,212,000)</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:67.0pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.45pt;border-collapse:collapse'> <tr> <td width="357" valign="bottom" style='width:267.9pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><i>December 31, 2012</i></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Sales</b></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'><b>Assets</b></p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>United States</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>PRC</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 23,133,394</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,172,009</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $ 23,133,394</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160; 4,172,009</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'><i>December 31, 2011 (As Restated)</i></p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>United States</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,257</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>PRC</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; 24,869,518</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,449</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="357" valign="bottom" style='width:267.9pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $ 24,869,518</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160; 6,079,706</p> </td> <td width="6" valign="bottom" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:52.4pt;border-collapse:collapse'> <tr> <td width="458" valign="bottom" style='width:343.25pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Period</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="bottom" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Total</p> </td> <td width="6" valign="bottom" style='width:4.15pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Period ended December 31, 2013</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 66,122</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Thereafter</p> </td> <td width="6" valign="top" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,521</p> </td> <td width="6" valign="top" style='width:4.15pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> </tr> <tr> <td width="458" valign="bottom" style='width:343.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="89" valign="top" style='width:66.95pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 75,643</p> </td> <td width="6" valign="top" style='width:4.15pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:.05pt;border-collapse:collapse'> <tr> <td width="313" valign="bottom" style='width:234.6pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Location</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="bottom" style='width:102.75pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Approximate Square Feet</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="122" valign="bottom" style='width:91.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Annual Rent</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Expiration of Lease</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Xiamen Branch, Xiamen City, Fujian Province (1)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,026</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>$1,713(RMB 10,800)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>December 31, 2013</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,184</p> </td> <td width="7" valign="top" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:white;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>$4,759(RMB 30,000)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:white;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:white;text-autospace:none'>March 14, 2014</p> </td> </tr> <tr> <td width="313" valign="bottom" style='width:234.6pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Tianjin Branch, Tianjin City (3)</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="137" valign="top" style='width:102.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2,088</p> </td> <td width="7" valign="top" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="122" valign="bottom" style='width:91.4pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>$15,611(RMB 98,400)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:78.85pt;background:#CCEEFF;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;background:#CCEEFF;text-autospace:none'>April 30, 2013</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="699" style='margin-left:.15pt;border-collapse:collapse'> <tr> <td width="349" valign="bottom" style='width:261.65pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed consolidated Balance Sheet:</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="336" colspan="8" valign="bottom" style='width:251.9pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts receivable, net</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,393,631&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13,676&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,407,307&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Other receivables, net</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 598,750&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (15,742)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 583,008&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advance to vendors and other prepaid expenses</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24,356&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 24,356&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Total current assets</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,019,742&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,042,032&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Assets</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,416&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160; 6,079,706&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts payable - trade</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,574,287&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (473,627)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3,100,660&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accrued expenses and other current liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 789,070&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (158,717)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 630,353&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Current Liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,209,469&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (632,344)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,577,125&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Total Liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,209,469&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (632,344)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,577,125&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Stockholders&#146; Equity (Deficit):</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accumulated deficit</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (20,218,197)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,178&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 417,837&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160; (19,763,182)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accumulated other comprehensive loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (144,033)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1,984)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,118&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (141,899)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total China Logistics Group, Inc. shareholders' equity</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 316,708&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 457,149&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 773,857&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Non-controlling interest</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (468,761)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 92,342&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (271,276)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 105,143&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;Total shareholders' equity (deficit)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (152,053)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 654,634&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 502,581&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="349" valign="bottom" style='width:261.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total Liabilities and Stockholders&#146; Equity (Deficit)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="93" valign="bottom" style='width:70.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6,057,416&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="119" valign="bottom" style='width:89.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 22,290&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.65pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'> $&#160;&#160;&#160;&#160;&#160;&#160; 6,079,706&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="699" style='border-collapse:collapse'> <tr> <td width="356" valign="bottom" style='width:266.85pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed Consolidated Statement of Operations and Comprehensive Income (Loss):</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="329" colspan="8" valign="bottom" style='width:247.1pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>For the Year ended December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="6" valign="bottom" style='width:4.5pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Sales</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; 24,869,518&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; 24,869,518&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Cost of sales</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; 24,369,914&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 61,261&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; 24,431,175&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Gross profit</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 499,604&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (61,261)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 438,343&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Operating expenses:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Selling, general and administrative</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,113,524&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 60,914&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,174,438&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Bad debt expense</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 571,794&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (253,599)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 318,195&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Total operating expense</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,685,318&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (192,685)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,492,633&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Loss from operations</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,185,714)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,054,290)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Less: net loss attributable to the non-controlling interest</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 596,199&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (94,246)</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 501,953&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net (loss) income attributable to China Logistics Group, Inc.</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160; (712,214)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 37,178&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160; (675,036)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Comprehensive Income (Loss):</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Net loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Foreign currency translation (loss) gain</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (12,506)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1,984)&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (14,490)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:22.85pt'> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Comprehensive Loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,320,919)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 129,440&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160; (1,191,479)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in;height:22.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Earnings (loss) per common share:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Basic</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="356" valign="bottom" style='width:266.85pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;&nbsp;Diluted</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="109" valign="bottom" style='width:81.4pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.5pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:9.35pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.05pt;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160; $&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (0.02)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="698" style='border-collapse:collapse'> <tr> <td width="384" valign="bottom" style='width:287.8pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Condensed Consolidated Statement of Cash Flows:</b></p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="301" colspan="7" valign="bottom" style='width:225.45pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>For the Year ended December 31, 2011</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Previously Reported</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0in 0in 1.5pt 0in'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>Adjustments to Restate</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>As Restated</p> </td> <td width="7" valign="bottom" style='width:5.2pt;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Net Loss</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,308,413)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160; $&#160;&#160;&#160;&#160;&#160; 131,424&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160; $&#160;&#160; (1,176,989)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;&nbsp;Bad debt</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (42,625)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 298,337&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 255,712&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Increase (decrease) in cash attributable to changes in operating assets and liabilities:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accounts receivable:</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (246,478)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (411,989)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (658,467)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;&nbsp;Other receivables</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 418,956&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 15,742&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 434,698&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Advance to vendors and other prepaid expenses</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 347,409&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (24,356)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 323,053&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>Accounts payable</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 915,577&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (84,074)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 831,503&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>Accrued expenses and other current liabilities</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 95,505&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 69,001&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 164,506&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 207,320&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (5,915)&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 201,405&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp; </p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>EFFECT OF EXCHANGE RATE ON CASH</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (24,520)</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5,915</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (18,605)</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:white;padding:0in 0in 1.5pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:white;text-autospace:none'>&nbsp;</p> </td> </tr> <tr> <td width="384" valign="bottom" style='width:287.8pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>NET INCREASE&nbsp;IN CASH</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,048&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.25pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> <td width="91" valign="bottom" style='width:68.15pt;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 87,048&nbsp;</p> </td> <td width="7" valign="bottom" style='width:5.2pt;background:#CCEEFF;padding:0in 0in 3.0pt 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;background:#CCEEFF;text-autospace:none'>&nbsp;</p> </td> </tr> </table> 20247000 306000 837000 1177000 6.3011 6.3523 6.3034 6.4544 3818209 2884655 57871 24356 302042 485102 31558500 31558500 4500000 4500000 36058500 36058500 270780 427590 31488 58383 51331 19930 72599 349093 583008 53900 54045 147165 112089 -136203 -128460 64862 37674 6697 13229 273994 494905 97276 84101 51971 51347 423241 630353 33561000 0.21 2.20 -2002500 31558500 0.20 1.33 31558500 0.20 0.33 365918 199240 65307 0 630465 72509 87667 194949 296872 177137 561062 2671 145982 47611 410078 405142 1050937 1350743 0.2500 -117149 -152594 -719511 -1006725 -836660 -1159319 17670 17670 -285000 -394000 -33000 -46000 94000 131000 224000 326000 17000 2632000 1700000 894000 855000 105000 101000 437000 256000 -1436000 -1212000 23133394 4172009 23133394 4172009 22257 24869518 6057449 24869518 6079706 97450 108576 66122 1713 4759 15611 10000000 27000 50952 3393631 13676 3407307 598750 -15742 583008 6019742 22290 6042032 6057416 22290 6079706 3574287 -473627 3100660 6209469 -632344 5577125 6209469 -632344 5577125 -20218197 37178 -144033 -1984 316708 457149 773857 -468761 92342 -271276 -152053 654634 502581 6057416 22290 6079706 24869518 24869518 24369914 61261 24431175 499604 -61261 438343 1113524 60914 1174438 571794 -253599 318195 1685318 -192685 1492633 -1185714 131424 -1054290 596199 -94246 501953 -712214 37178 -675036 -12506 -1984 -14490 -1320919 129440 -1191479 -0.02 -0.02 -0.02 -0.02 -1308413 131424 -1176989 -42625 298337 255712 -246478 -411989 -658467 418956 15742 434698 347409 -24356 323053 915577 -84074 831503 95505 69001 164506 207320 -5915 201405 -24520 5915 -18605 87048 87048 0001123493 2012-10-01 2012-12-31 0001123493 2013-04-09 0001123493 2012-06-30 0001123493 2012-12-31 0001123493 2011-12-31 0001123493 2012-01-01 2012-12-31 0001123493 2011-01-01 2011-12-31 0001123493 us-gaap:RetainedEarningsMember 2011-01-01 2011-12-31 0001123493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-01-01 2011-12-31 0001123493 us-gaap:NoncontrollingInterestMember 2011-01-01 2011-12-31 0001123493 us-gaap:PreferredStockMember 2010-12-31 0001123493 us-gaap:CommonStockMember 2010-12-31 0001123493 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0001123493 us-gaap:RetainedEarningsMember 2010-12-31 0001123493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-12-31 0001123493 us-gaap:NoncontrollingInterestMember 2010-12-31 0001123493 2010-12-31 0001123493 us-gaap:PreferredStockMember 2011-12-31 0001123493 us-gaap:CommonStockMember 2011-12-31 0001123493 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001123493 us-gaap:RetainedEarningsMember 2011-12-31 0001123493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-12-31 0001123493 us-gaap:NoncontrollingInterestMember 2011-12-31 0001123493 us-gaap:RetainedEarningsMember 2012-01-01 2012-12-31 0001123493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-01-01 2012-12-31 0001123493 us-gaap:NoncontrollingInterestMember 2012-01-01 2012-12-31 0001123493 us-gaap:PreferredStockMember 2012-12-31 0001123493 us-gaap:CommonStockMember 2012-12-31 0001123493 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001123493 us-gaap:RetainedEarningsMember 2012-12-31 0001123493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-12-31 0001123493 us-gaap:NoncontrollingInterestMember 2012-12-31 0001123493 2013-01-01 2013-12-31 0001123493 2013-01-03 0001123493 2013-02-05 0001123493 2013-02-06 0001123493 us-gaap:ScenarioPreviouslyReportedMember 2011-12-31 0001123493 us-gaap:ScenarioAdjustmentMember 2011-12-31 0001123493 fil:RestatedMember 2011-12-31 0001123493 us-gaap:ScenarioPreviouslyReportedMember 2011-01-01 2011-12-31 0001123493 fil:RestatedMember 2011-01-01 2011-12-31 0001123493 us-gaap:ScenarioAdjustmentMember 2011-01-01 2011-12-31 shares iso4217:USD iso4217:USD shares pure EX-101.SCH 14 chlo-20121231.xsd XBRL TAXONOMY EXTENSION SCHEMA 000300 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Comprehensive Income (Policies) link:presentationLink link:definitionLink link:calculationLink 000630 - Disclosure - Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Details) link:presentationLink link:definitionLink link:calculationLink 000450 - Disclosure - Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note 9 - Foreign Operations link:presentationLink link:definitionLink link:calculationLink 000470 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Tables) link:presentationLink link:definitionLink link:calculationLink 000780 - Disclosure - Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Details) link:presentationLink link:definitionLink link:calculationLink 000760 - Disclosure - Note 11 - Subsequent Events (Details) link:presentationLink link:definitionLink link:calculationLink 000680 - Disclosure - Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Details) link:presentationLink link:definitionLink link:calculationLink 000690 - Disclosure - Note 8 - Income Taxes: Components of the provision for income taxes (Details) link:presentationLink link:definitionLink link:calculationLink 000500 - Disclosure - Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Tables) link:presentationLink link:definitionLink link:calculationLink 000560 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Details) link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 12 - Restatement link:presentationLink link:definitionLink link:calculationLink 000620 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Details) link:presentationLink link:definitionLink link:calculationLink 000580 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Details) link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 11 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000790 - Disclosure - Note 12 - Restatement: Restated Statement of Cash Flows (Details) link:presentationLink link:definitionLink link:calculationLink 000540 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Details) link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies) link:presentationLink link:definitionLink link:calculationLink 000590 - Disclosure - Note 3 - Other Receivables: Schedule of Other receivables (Details) link:presentationLink link:definitionLink link:calculationLink 000430 - Disclosure - Note 8 - Income Taxes: Components of the provision for income taxes (Tables) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 4 - Property and Equipment link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Policies) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies) link:presentationLink link:definitionLink link:calculationLink 000740 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Details) link:presentationLink link:definitionLink link:calculationLink 000001 - Document - Dimensions link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Property and Equipment and Long-lived Assets (Policies) link:presentationLink link:definitionLink link:calculationLink 000640 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due from related parties (Details) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note 3 - Other Receivables: Schedule of Other receivables (Tables) link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Tables) link:presentationLink link:definitionLink link:calculationLink 000390 - Disclosure - Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Tables) link:presentationLink link:definitionLink link:calculationLink 000600 - Disclosure - Note 4 - Property and Equipment: Schedule of Property and equipment (Details) link:presentationLink link:definitionLink link:calculationLink 000380 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Tables) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Non-controlling Interest (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 10 - Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 8 - Income Taxes link:presentationLink link:definitionLink link:calculationLink 000480 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Tables) link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 3 - Other Receivables link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Stock Based Compensation (Policies) link:presentationLink link:definitionLink link:calculationLink 000700 - Disclosure - Note 8 - Income Taxes: Schedule of Income tax provision (Details) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Policies) link:presentationLink link:definitionLink link:calculationLink 000650 - Disclosure - Note 7 - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - Note 4 - Property and Equipment: Schedule of Property and equipment (Tables) link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note 7 - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Note 1 - Summary of Business and Organization link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Policies) link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000720 - Disclosure - Note 9 - Foreign Operations: Schedule of information by regions (Details) link:presentationLink link:definitionLink link:calculationLink 000770 - Disclosure - Note 12 - Restatement: Restated Balance Sheet (Details) link:presentationLink link:definitionLink link:calculationLink 000710 - Disclosure - Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) link:presentationLink link:definitionLink link:calculationLink 000530 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Details) link:presentationLink link:definitionLink link:calculationLink 000490 - Disclosure - Note 12 - Restatement: Restated Balance Sheet (Tables) link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Revenue Recognition (Policies) link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - CHINA LOGISTIC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTOF STOCKHOLDERS' EQUITY (DEFICIT)AND COMPREHENSIVE INCOME (LOSS) link:presentationLink link:definitionLink link:calculationLink 000730 - Disclosure - Note 10 - Commitments and Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Tables) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) link:presentationLink link:definitionLink link:calculationLink 000750 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Details) link:presentationLink link:definitionLink link:calculationLink 000400 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due from related parties (Tables) link:presentationLink link:definitionLink link:calculationLink 000520 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 000510 - Disclosure - Note 12 - Restatement: Restated Statement of Cash Flows (Tables) link:presentationLink link:definitionLink link:calculationLink 000670 - Disclosure - Note 8 - Income Taxes (Details) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Income Taxes (Policies) link:presentationLink link:definitionLink link:calculationLink 000610 - Disclosure - Note 4 - Property and Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 000460 - Disclosure - Note 9 - Foreign Operations: Schedule of information by regions (Tables) link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Policies) link:presentationLink link:definitionLink link:calculationLink 000410 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due to related parties (Tables) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) link:presentationLink link:definitionLink link:calculationLink 000660 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due to related parties (Details) link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000550 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Details) link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 6 - Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 000440 - Disclosure - Note 8 - Income Taxes: Schedule of Income tax provision (Tables) link:presentationLink link:definitionLink link:calculationLink 000420 - Disclosure - Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Tables) link:presentationLink link:definitionLink link:calculationLink 000570 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Details) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 15 chlo-20121231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 16 chlo-20121231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 17 chlo-20121231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Bad debt - Restated Net loss - Restated Sales - Restated RestatedMember Operating Leases, Rent Expense Due to Tianjin Sincere Logistics Co., Ltd. Due to Xiangfen Chen Schedule of Various office spaces: Schedule of accrued expenses and other current liabilities Property and Equipment and Long-lived Assets Cash and Cash Equivalents Allowance for doubtful accounts CASH FLOWS FROM OPERATING ACTIVITIES: Earnings Per Share Operating expenses: Cost of sales Entity Central Index Key Convertible Promissory Note with Hanover Holding Advances payables Allowance for Doubtful Accounts Receivable, Current Schedule of Income tax provision: Recent Accounting Pronouncements Concentration of Credit Risk Basic and Diluted Loss Per Share: Use of Estimates Note 11 - Subsequent Events Note 7 - Related Party Transactions Note 2 - Basis of Presentation and Summary of Significant Accounting Policies Note 1 - Summary of Business and Organization Note 1 - Summary of Business and Organization: Adjustments to reconcile net income (loss) to net cash provide by (used in) operating activities: Bad debt expense - Restated Total China Logistics Group, Inc. shareholders' equity - Restated Accumulated other comprehensive loss - Restated Scenario, Adjustment Assets - Total Due to Lianyunbu Schedule of Deferred Tax Assets and Liabilities: Schedule of Potential Dilutive Shares: NET CASH PROVIDED BY OPERATING ACTIVITIES Prepaid expenses and other current assets Balance Balance Balance Net (Loss) Income Revenues: Total shareholders' equity (deficit) Shareholers' equity (deficit): Advances from customers Total assets Statement {1} Statement Entity Filer Category UnauditedMember [Member] Accumulated deficit - Restated Other receivables, net - Restated Loss before income tax and non-controlling interest Net operating loss ('NOL') carryforwards - US Restated Statement of Cash Flows Schedule of information by regions Components of loss before income tax and non-controlling interest: Schedule of Due from related parties: Schedule of Other receivables: Recent Accounting Pronouncements: Note 12 - Restatement: Note 8 - Income Taxes: Note 6 - Stockholders' Equity: Note 5 - Accrued Expenses and Other Current Liabilities Note 4 - Property and Equipment Note 3 - Other Receivables: Due from related parties {1} Due from related parties Accrued expense and current liabilities Increase (decrease) in cash attributable to changes in operating assets and liabilities: Selling, general and administrative Accounts payable - trade Other Receivables Document Period End Date Document and Entity Information Selling, general and administrative - Restated Loans and interest assigned from CDII to Magna Group Due to Shang Jing Legal deposit Other Prepaid Expense, Current Income Taxes: Revenue Recognition Accounts Receivable Cash paid during the period for foreign taxes (Loss) Income before income taxes China Logistics Group, Inc. shareholders' equity (deficit): Statement Document Fiscal Period Focus Minimum commitments - Rent Sales Revenue - PRC State income taxes, net of Federal Benefit Provision for income taxes - US Number of shares underlying warrants expired Deposits in PRC Banks Note 4 - Property and Equipment: Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Equity Component Comprehensive income attributable to China Logistic Group, Inc. Interest (expense)income Gross profit Noncontrolling interest Additional paid-in capital Total Liabilities and Stockholders' Equity (Deficit) - Restated Annual Rent - Xiamen Branch, Xiamen City, Fujian Province Net operating loss ('NOL') carryforwards - PRC Weighted Average Contractual Term Furniture and equipment Schedule of Deferred Tax Assets and Liabilities Schedule of accrued expenses and other current liabilities: Foreign Currency Translation: Fair Value of Financial Instruments: Note 10 - Commitments and Contingencies: Note 8 - Income Taxes Repayment of due to related parties Unrealized loss on foreign currency translation adjustment Common Stock Comprehensive income (Loss) Income from operations Due to related parties Entity Well-known Seasoned Issuer Increase Decrease in Other receivables - Restated Earnings (loss) per diluted share - Restated Accounts payable - trade - Restated Accounts receivable, net - Restated State net operating loss carryforward Tax provision (benefit) Schedule of Minimum commitments: Components of the provision for income taxes Foreign Currency Translation Fair Value of Financial Instruments Note 10 - Commitments and Contingencies Note 9 - Foreign Operations SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Statement of Cash Flow Statement of Stockholders' Equity Less: Net income attributable to the noncontrolling interest Accounts payable - Restated Increase Decrease in Accounts receivable - Restated Annual Rent - Tianjin Branch, Tianjin City Provision for income taxes {1} Provision for income taxes Restated Statement of Operations and Comprehensive Income: Advances From Customers: Note 5 - Accrued Expenses and Other Current Liabilities: Due to related parties {1} Due to related parties CASH FLOWS FROM FINANCING ACTIVITIES: Collection of due from related parties Proceeds from disposal of property plant and equipment Purchase of property plant and equipment Advance to vendors and other current assets Earnings Per Share - Basic Foreign currency translation adjustment Comprehensive income: Accrued expenses and other current liabilities Document Fiscal Year Focus Total shareholders' equity (deficit) - Restated Shares Issued to Wei Chen Valuation allowance Due to Langyunbu Other Advances receivable Components of the provision for income taxes: Schedule of Due to related parties: Use of Estimates: Note 3 - Other Receivables Tax payable Accumulated Deficits Additional Paid-in Capital Weighted average number of shares outstanding: Income Statement Preferred stock - $0.001 par value, 450,000 shares authorized Series B convertible issued and outstanding at December 31, 2012 and 2011, respectively ASSETS NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - Restated Earnings (loss) per basic share - Restated Total operating expense - Restated Cost of sales - Restated Total Assets - Restated Accrued expenses Period end RMB: U.S. dollar exchange rate Details (Detail level 4): Schedule of information by regions: Stock Based Compensation Stock Based Compensation: Note 12 - Restatement Weighted average number of shares outstanding - Basic Net income (loss) attributable to China Logistics Group, Inc. Advance to vendors and other prepaid expenses Current assets: Amendment Flag Document Type EFFECT OF EXCHANGE RATE ON CASH - Restated Assets - PRC PRC net operating loss carryforward Loss before income tax and non-controlling interest - US Due to Bin Liu Weighted Average exercise Price Average fiscal-year-to-date RMB: U.S. dollar exchange rate Approximate Net losses Schedule of Various office spaces Schedule of Other receivables Non-controlling Interest NET CASH USED IN FINANCING ACTIVITIES Accounts payable Bad debt expenses Total liabilities and shareholders' equity (deficit) Current liabilities: Current Fiscal Year End Date Gross profit - Restated Total Current Liabilities - Restated Accrued expenses and other current liabilities - Restated Total current assets - Restated U.S. tax rate in excess of PRC statutory rate of 25% Income tax provision (benefit) at Federal statutory rate of 34% Due from Shandong Huibo Import & Export Co., Ltd. Deferred expense Restated Statement of Operations and Comprehensive Income Schedule of Common stock purchase warrant activity Advances To Vendors and Other Prepaid Expenses NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES Advance from customers Accounts receivable Comprehensive income {1} Comprehensive income Noncontrolling Interests Statement, Equity Components Provision for income taxes Total China Logistics Group, Inc. shareholders' equity Accumulated deficit Property and equipment, net Note receivable Entity Current Reporting Status NET INCREASE IN CASH - Restated Comprehensive Loss - Restated Loss from operations - Restated Total Liabilities - Restated (Decrease) increase in valuation allowance Loss before income tax and non-controlling interest - PRC Loans and interest due to CD International Enterprises, Inc. Accrued expenses and other current liabilities {1} Accrued expenses and other current liabilities Accrued salaries Series B convertible preferred stock Warrants outstanding Restated Statement of Cash Flows: Restated Balance Sheet Restated Balance Sheet: Schedule of Minimum commitments Schedule of Foreign Currency Exchange Rate Advances From Customers Note 11 - Subsequent Events: Notes receivable Weighted average number of shares outstanding - Diluted Earnings Per Share - Diluted Other income (expense) Bad debt expenses -related party Accumulated other comprehensive loss Common stock, $0.001 par value, 500,000,000 shares authorized; 41,508,203 shares issued and outstanding at December 31, 2012 and 2011 Total current liabilities Total current assets Due from related parties Accounts receivable, net of allowance of $3,818,209 and $2,884,655 at December 31,2012 and 2011, respectively Cash CASH CASH Statement of Financial Position Entity Public Float Entity Common Stock, Shares Outstanding Entity Registrant Name Foreign currency translation (loss) gain - Restated Net (loss) income attributable to China Logistics Group, Inc. - Restated Advance to vendors and other prepaid expenses - Restated Scenario, Previously Reported Annual Rent - Lianyuangang Branch, Lianyuangang City, Jiangsu Province Assets - US Due to Shun Bo GuoJi Dai Yun Number of Shares Underlying Warrants Total Potential Dilutive Shares Schedule of Income tax provision Schedule of Due to related parties Schedule of Due from related parties Schedule of Potential Dilutive Shares Income Taxes Non-controlling Interest: Comprehensive Income Comprehensive Income: Basic and Diluted Loss Per Share Property and Equipment and Long-lived Assets: Advances To Vendors and Other Prepaid Expenses: Cash and Cash Equivalents: Note 9 - Foreign Operations: Depreciation expense Accumulated Other Comprehensive Loss Preferred Stock Total operating expenses Foreign tax payable Non-controlling interest - Restated Statement, Scenario Due from Tianjin Sincere Logistics Co., Ltd Computer equipment Negative working capital Approximate accumulated deficit Schedule of Common stock purchase warrant activity: Schedule of Property and equipment Schedule of Property and equipment: Schedule of Foreign Currency Exchange Rate: Note 6 - Stockholders' Equity EFFECT OF EXCHANGE RATE ON CASH CASH FLOWS FROM INVESTING ACTIVITIES: Other receivables Total other income (expenses) Other income (expenses): Entity Voluntary Filers Less: net loss attributable to the non-controlling interest - Restated Scenario, Unspecified Sales Revenue - Total Federal net operating loss carryforward Provision for income taxes - PRC Effective Income Tax Rate, Continuing Operations Less: accumulated depreciation Components of loss before income tax and non-controlling interest Revenue Recognition: Concentration of Credit Risk: Accounts Receivable: Note 7 - Related Party Transactions: NET INCREASE (DECREASE) IN CASH Sales LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) EX-101.PRE 18 chlo-20121231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 19 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Common stock purchase warrant activity:  
Schedule of Common stock purchase warrant activity

 

 

 

Number of shares underlying

warrants

 

 

Weighted

average exercise price

 

 

Weighted average contractual life

 

Outstanding at December 31, 2010

 

     33,561,000 

 

 

   $             0.21

 

 

                   2.20

 

Granted

 

                         - 

 

 

                         -

 

 

                         -

 

Expired

 

      (2,002,500)

 

 

                         -

 

 

                         -

 

Outstanding at December 31, 2011

 

     31,558,500 

 

 

   $             0.20

 

 

                   1.33

 

Granted

 

                         - 

 

 

                         -

 

 

                         -

 

Exercised

 

                         - 

 

 

                         -

 

 

                         -

 

Outstanding at December 31, 2012

 

     31,558,500 

 

 

   $             0.20

 

 

                   0.33

 

XML 20 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Allowance for Doubtful Accounts Receivable, Current $ 3,818,209 $ 2,884,655
XML 21 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Various office spaces:  
Schedule of Various office spaces

 

Location

 

Approximate Square Feet

 

Annual Rent

 

Expiration of Lease

Xiamen Branch, Xiamen City, Fujian Province (1)

 

                                1,026

 

$1,713(RMB 10,800)

 

December 31, 2013

Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)

 

                                1,184

 

$4,759(RMB 30,000)

 

March 14, 2014

Tianjin Branch, Tianjin City (3)

 

                                2,088

 

$15,611(RMB 98,400)

 

April 30, 2013
XML 22 R70.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Schedule of Income tax provision (Details) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Income tax provision (benefit) at Federal statutory rate of 34% $ (285,000) $ (394,000)
State income taxes, net of Federal Benefit (33,000) (46,000)
U.S. tax rate in excess of PRC statutory rate of 25% 94,000 131,000
(Decrease) increase in valuation allowance 224,000 326,000
Tax provision (benefit)   $ 17,000
XML 23 R55.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Other Prepaid Expense, Current $ 57,871 $ 24,356
XML 24 R78.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Details) (USD $)
 12 Months Ended
Dec. 31, 2011
Scenario, Previously Reported
  
Sales - Restated $ 24,869,518
Cost of sales - Restated 24,369,914
Gross profit - Restated 499,604
Selling, general and administrative - Restated 1,113,524
Bad debt expense - Restated 571,794
Total operating expense - Restated 1,685,318
Loss from operations - Restated (1,185,714)
Net loss - Restated (1,308,413)
Less: net loss attributable to the non-controlling interest - Restated 596,199
Net (loss) income attributable to China Logistics Group, Inc. - Restated (712,214)
Foreign currency translation (loss) gain - Restated (12,506)
Comprehensive Loss - Restated (1,320,919)
Earnings (loss) per basic share - Restated $ (0.02)
Earnings (loss) per diluted share - Restated $ (0.02)
RestatedMember
  
Sales - Restated 24,869,518
Cost of sales - Restated 24,431,175
Gross profit - Restated 438,343
Selling, general and administrative - Restated 1,174,438
Bad debt expense - Restated 318,195
Total operating expense - Restated 1,492,633
Loss from operations - Restated (1,054,290)
Net loss - Restated (1,176,989)
Less: net loss attributable to the non-controlling interest - Restated 501,953
Net (loss) income attributable to China Logistics Group, Inc. - Restated (675,036)
Foreign currency translation (loss) gain - Restated (14,490)
Comprehensive Loss - Restated (1,191,479)
Earnings (loss) per basic share - Restated $ (0.02)
Earnings (loss) per diluted share - Restated $ (0.02)
Scenario, Adjustment
  
Cost of sales - Restated 61,261
Gross profit - Restated (61,261)
Selling, general and administrative - Restated 60,914
Bad debt expense - Restated (253,599)
Total operating expense - Restated (192,685)
Loss from operations - Restated 131,424
Net loss - Restated 131,424
Less: net loss attributable to the non-controlling interest - Restated (94,246)
Net (loss) income attributable to China Logistics Group, Inc. - Restated 37,178
Foreign currency translation (loss) gain - Restated (1,984)
Comprehensive Loss - Restated $ 129,440
XML 25 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Foreign Operations: Schedule of information by regions (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of information by regions:  
Schedule of information by regions

 

December 31, 2012

 

Sales

 

 

Assets

 

United States

 

   $                     -

 

 

   $                    -

 

PRC

 

      23,133,394

 

 

        4,172,009

 

 

 

   $ 23,133,394

 

 

   $   4,172,009

 

December 31, 2011 (As Restated)

 

 

 

 

 

 

United States

 

   $                     -

 

 

   $         22,257

 

PRC

 

      24,869,518

 

 

        6,057,449

 

 

 

   $ 24,869,518

 

 

   $   6,079,706

 

XML 26 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)
 12 Months Ended
Dec. 31, 2012
Recent Accounting Pronouncements:  
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In December 2011, the FASB issued Accounting Standard Update (“ASU”) 2011-11, “Balance Sheet (Topic 210)”. The objective of this Update is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position. This includes the effect or potential effect of rights of setoff associated with an entity’s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 will not have a material effect on the Company’s financial statements.

 

A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies.  Due to the tentative and preliminary nature of those proposed standards, the Company’s management has not determined whether implementation of such proposed standards would be material to its consolidated financial statements.
XML 27 R79.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Statement of Cash Flows (Details) (USD $)
 12 Months Ended
Dec. 31, 2011
Scenario, Previously Reported
  
Net loss - Restated $ (1,308,413)
Bad debt - Restated (42,625)
Increase Decrease in Accounts receivable - Restated (246,478)
Increase Decrease in Other receivables - Restated 418,956
Advance to vendors and other prepaid expenses - Restated 347,409
Accounts payable - Restated 915,577
Accrued expenses and other current liabilities - Restated 95,505
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - Restated 207,320
EFFECT OF EXCHANGE RATE ON CASH - Restated (24,520)
NET INCREASE IN CASH - Restated 87,048
Scenario, Adjustment
  
Net loss - Restated 131,424
Bad debt - Restated 298,337
Increase Decrease in Accounts receivable - Restated (411,989)
Increase Decrease in Other receivables - Restated 15,742
Advance to vendors and other prepaid expenses - Restated (24,356)
Accounts payable - Restated (84,074)
Accrued expenses and other current liabilities - Restated 69,001
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - Restated (5,915)
EFFECT OF EXCHANGE RATE ON CASH - Restated 5,915
RestatedMember
  
Net loss - Restated (1,176,989)
Bad debt - Restated 255,712
Increase Decrease in Accounts receivable - Restated (658,467)
Increase Decrease in Other receivables - Restated 434,698
Advance to vendors and other prepaid expenses - Restated 323,053
Accounts payable - Restated 831,503
Accrued expenses and other current liabilities - Restated 164,506
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES - Restated 201,405
EFFECT OF EXCHANGE RATE ON CASH - Restated (18,605)
NET INCREASE IN CASH - Restated $ 87,048
XML 28 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 29 R73.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies (Details) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Operating Leases, Rent Expense $ 97,450 $ 108,576
XML 30 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Details)
Dec. 31, 2012
Dec. 31, 2011
Warrants outstanding 31,558,500 31,558,500
Series B convertible preferred stock 4,500,000 4,500,000
Total Potential Dilutive Shares 36,058,500 36,058,500
XML 31 R76.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Subsequent Events (Details) (USD $)
Feb. 06, 2013
Feb. 05, 2013
Jan. 03, 2013
Shares Issued to Wei Chen     10,000,000
Convertible Promissory Note with Hanover Holding   $ 27,000  
Loans and interest assigned from CDII to Magna Group $ 50,952    
XML 32 R77.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Balance Sheet (Details) (USD $)
 12 Months Ended
Dec. 31, 2011
Scenario, Previously Reported
  
Accounts receivable, net - Restated $ 3,393,631
Other receivables, net - Restated 598,750
Advance to vendors and other prepaid expenses - Restated 347,409
Total current assets - Restated 6,019,742
Total Assets - Restated 6,057,416
Accounts payable - trade - Restated 3,574,287
Accrued expenses and other current liabilities - Restated 95,505
Total Current Liabilities - Restated 6,209,469
Total Liabilities - Restated 6,209,469
Accumulated deficit - Restated (20,218,197)
Accumulated other comprehensive loss - Restated (144,033)
Total China Logistics Group, Inc. shareholders' equity - Restated 316,708
Non-controlling interest - Restated (468,761)
Total shareholders' equity (deficit) - Restated (152,053)
Total Liabilities and Stockholders' Equity (Deficit) - Restated 6,057,416
Scenario, Adjustment
  
Accounts receivable, net - Restated 13,676
Other receivables, net - Restated (15,742)
Advance to vendors and other prepaid expenses - Restated (24,356)
Total current assets - Restated 22,290
Total Assets - Restated 22,290
Accounts payable - trade - Restated (473,627)
Accrued expenses and other current liabilities - Restated 69,001
Total Current Liabilities - Restated (632,344)
Total Liabilities - Restated (632,344)
Accumulated deficit - Restated 37,178
Accumulated other comprehensive loss - Restated (1,984)
Total China Logistics Group, Inc. shareholders' equity - Restated 457,149
Non-controlling interest - Restated 92,342
Total shareholders' equity (deficit) - Restated 654,634
Total Liabilities and Stockholders' Equity (Deficit) - Restated 22,290
RestatedMember
  
Accounts receivable, net - Restated 3,407,307
Other receivables, net - Restated 583,008
Advance to vendors and other prepaid expenses - Restated 323,053
Total current assets - Restated 6,042,032
Total Assets - Restated 6,079,706
Accounts payable - trade - Restated 3,100,660
Accrued expenses and other current liabilities - Restated 164,506
Total Current Liabilities - Restated 5,577,125
Total Liabilities - Restated 5,577,125
Total China Logistics Group, Inc. shareholders' equity - Restated 773,857
Non-controlling interest - Restated (271,276)
Total shareholders' equity (deficit) - Restated 502,581
Total Liabilities and Stockholders' Equity (Deficit) - Restated $ 6,079,706
XML 33 R71.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Federal net operating loss carryforward $ 894,000 $ 855,000
State net operating loss carryforward 105,000 101,000
PRC net operating loss carryforward 437,000 256,000
Valuation allowance $ (1,436,000) $ (1,212,000)
XML 34 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Policies)
 12 Months Ended
Dec. 31, 2012
Advances From Customers:  
Advances From Customers

Advances from Customers

 

Advances from customers consist of prepayments to us for contracted cargo that has not yet been shipped to the recipient and for other advance deposits. These amounts are recognized as revenue as shipments are completed and customers take delivery of goods, in compliance with the related contract and our revenue recognition policy. Advances from customers totaled $302,042 and $485,102 at December 31, 2012 and 2011, respectively.
XML 35 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2012
Restated Statement of Operations and Comprehensive Income:  
Restated Statement of Operations and Comprehensive Income

  

Condensed Consolidated Statement of Operations and Comprehensive Income (Loss):

 

For the Year ended December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

 

As Restated

 

Sales

 

  $   24,869,518 

 

 

   $                         - 

 

 

 

  $   24,869,518 

 

Cost of sales

 

       24,369,914 

 

 

                   61,261 

 

 

 

       24,431,175 

 

Gross profit

 

            499,604 

 

 

                  (61,261)

 

 

 

            438,343 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative

 

         1,113,524 

 

 

                   60,914 

 

 

 

         1,174,438 

 

Bad debt expense

 

            571,794 

 

 

               (253,599)

 

 

 

            318,195 

 

Total operating expense

 

         1,685,318 

 

 

               (192,685)

 

 

 

         1,492,633 

 

Loss from operations

 

       (1,185,714)

 

 

                 131,424 

 

 

 

       (1,054,290)

 

Net loss

 

       (1,308,413)

 

 

                 131,424 

 

 

 

       (1,176,989)

 

Less: net loss attributable to the non-controlling interest

 

            596,199 

 

 

                  (94,246)

 

 

 

            501,953 

 

Net (loss) income attributable to China Logistics Group, Inc.

 

  $       (712,214)

 

 

   $              37,178 

 

 

 

  $       (675,036)

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

Net loss

 

  $   (1,308,413)

 

 

   $            131,424 

 

 

 

  $   (1,176,989)

 

Foreign currency translation (loss) gain

 

             (12,506)

 

 

                   (1,984) 

 

 

 

             (14,490)

 

Comprehensive Loss

 

  $   (1,320,919)

 

 

   $            129,440 

 

 

 

  $   (1,191,479)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

  Basic

 

  $              (0.02)

 

 

   $                         - 

 

 

 

  $              (0.02)

 

  Diluted

 

  $              (0.02)

 

 

   $                         - 

 

 

 

  $              (0.02)

 
XML 36 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Tables)
 12 Months Ended
Dec. 31, 2012
Components of loss before income tax and non-controlling interest:  
Components of loss before income tax and non-controlling interest

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

US Operations

 

   $    (117,149)

 

 

  $      (152,594)

 

Chinese Operations

 

         (719,511)

 

 

       (1,006,725)

 

 Loss Before Income Tax and Non-controlling Interest

 

   $    (836,660)

 

 

  $   (1,159,319)

 
XML 37 R75.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Details) (USD $)
 12 Months Ended
Dec. 31, 2012
Annual Rent - Xiamen Branch, Xiamen City, Fujian Province $ 1,713
Annual Rent - Lianyuangang Branch, Lianyuangang City, Jiangsu Province 4,759
Annual Rent - Tianjin Branch, Tianjin City $ 15,611
XML 38 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Property and Equipment: Schedule of Property and equipment (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Property and equipment:  
Schedule of Property and equipment

 

 

Useful Lives

 

December 31, 2012

 

 

December 31, 2011

 

Computer equipment

4 years

 

   $        53,900 

 

 

   $        54,045 

 

Furniture and equipment

4-5 years

 

           147,165 

 

 

           112,089 

 

    

 

 

           201,065 

 

 

           166,134 

 

Less: accumulated depreciation

 

 

         (136,203)

 

 

         (128,460)

 

 Property and equipment, net

 

 

   $        64,862 

 

 

   $        37,674 

 

XML 39 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Approximate accumulated deficit $ 20,247,000  
Negative working capital 306,000  
Approximate Net losses $ 837,000 $ 1,177,000
XML 40 R67.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes (Details) (USD $)
 12 Months Ended
Dec. 31, 2012
Effective Income Tax Rate, Continuing Operations 25.00%
Net operating loss ('NOL') carryforwards - US $ 2,632,000
Net operating loss ('NOL') carryforwards - PRC $ 1,700,000
XML 41 R61.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Property and Equipment (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Deposits in PRC Banks $ 6,697 $ 13,229
XML 42 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Minimum commitments:  
Schedule of Minimum commitments

 

Period

 

Total

 

Period ended December 31, 2013

 

   $         66,122

 

Thereafter

 

                9,521

 

 

 

   $         75,643

 

XML 43 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Property and Equipment
 12 Months Ended
Dec. 31, 2012
Note 4 - Property and Equipment:  
Note 4 - Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

 

At December 31, 2012 and 2011, property and equipment consisted of the following:

 

 

Useful Lives

 

December 31, 2012

 

 

December 31, 2011

 

Computer equipment

4 years

 

   $        53,900 

 

 

   $        54,045 

 

Furniture and equipment

4-5 years

 

           147,165 

 

 

           112,089 

 

    

 

 

           201,065 

 

 

           166,134 

 

Less: accumulated depreciation

 

 

         (136,203)

 

 

         (128,460)

 

 Property and equipment, net

 

 

   $        64,862 

 

 

   $        37,674 

 

 

For the years ended December 31, 2012, and 2011, depreciation expense totaled $6,697 and $13,229, respectively.
XML 44 R62.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Advances payables $ 273,994 $ 494,905
Accrued expenses 97,276 84,101
Accrued salaries 51,971 51,347
Accrued expenses and other current liabilities $ 423,241 $ 630,353
EXCEL 45 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V M,S4T93@U,S@B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-(24Y!7TQ/1TE35$E#4U]'4D]54%])3D-?04Y$ M7S(\+W@Z3F%M93X-"B`@("`\>#I7;W)K5]O9E]"=7-I;F5S#I7 M;W)K#I7;W)K#I7;W)K M#I%>&-E;%=O#I.86UE/DYO=&5? M-5]!8V-R=65D7T5X<&5N#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/DYO=&5?-E]3=&]C:VAO;&1E#I%>&-E;%=O#I%>&-E;%=O#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?.5]&;W)E:6=N M7T]P97)A=&EO;G,\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I7;W)K#I%>&-E M;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,E]"87-I#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/DYO=&5?,E]"87-I#I7;W)K#I% M>&-E;%=O#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,E]"87-I#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,E]"87-I#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DYO=&5?,E]"87-I#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DYO=&5?,U]/=&AE#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DYO=&5?-%]05]A;F1?17%U:7!M96YT7SPO>#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?-5]!8V-R=65D7T5X M<&5N#I7;W)K5]38V@\+W@Z3F%M M93X-"B`@("`\>#I7;W)K5]4#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?.%]);F-O;65?5&%X97-?0V]M<&]N96YT M#I7;W)K&5S7U-C:&5D=6QE7V\\+W@Z3F%M93X-"B`@("`\>#I7 M;W)K&5S7U-C:&5D M=6QE7V\Q/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O M#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DYO=&5?,3!?0V]M;6ET;65N='-?86YD7T-O;G1I;C(\+W@Z3F%M93X- M"B`@("`\>#I7;W)K#I7;W)K#I7;W)K#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/DYO=&5?,E]"87-I#I%>&-E;%=O M#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,E]"87-I#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/DYO=&5?-%]05]A;F1?17%U:7!M M96YT7S(\+W@Z3F%M93X-"B`@("`\>#I7;W)K'!E;G-E#I%>&-E;%=O#I%>&-E;%=O#I. M86UE/DYO=&5?-U]296QA=&5D7U!A#I7;W)K5]4#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?.%]);F-O;65?5&%X97-?0V]M<&]N96YT#I7;W)K&5S7T-O;7!O;F5N=',S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H M965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O M#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DYO=&5?,3!?0V]M;6ET;65N='-? M86YD7T-O;G1I;C0\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I!8W1I=F53 M:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I%>&-E;%=O7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^0VAI;F$@3&]G:7-T:6-S($=R;W5P($EN8SQS<&%N/CPO'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^9F%L2!# M96YT3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,3$R,S0Y,SQS<&%N/CPO'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$2!0=6)L:6,@1FQO870\+W1D/@T*("`@("`@("`\=&0@8VQA M'0^4VUA;&QE3QS<&%N/CPO'0^3F\\2!&:6QE'0^3F\\2!796QL+6MN M;W=N(%-E87-O;F5D($ES'0^3F\\'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF M7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E"!P M87EA8FQE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XS-3<\2`H9&5F:6-I M="D\+W1D/@T*("`@("`@("`\=&0@8VQA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E*3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$;G5M/B@X,S8L-C8P*3QS<&%N/CPO&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\2!T'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V M-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R M-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%SF5D(&QO2!T'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%SF5D(&QO2!T3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF M7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R6%B;&4\+W1D/@T*("`@ M("`@("`\=&0@8VQA&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD M(#DL.3$Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!O9B!"=7-I;F5SF%T:6]N/&)R/CPO M2!O9B!"=7-I;F5SF%T:6]N/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB3PO:3X\+V(^/"]P M/B`\<"!S='EL93TS1&UA29N8G-P.S$T+"`R,#`X+"!W92!C M:&%N9V5D(&]U6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I M;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[ M=&5X="UA=71O'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@ M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M/&(^/&D^1V]I;F<@0V]N8V5R;CPO:3X\+V(^/"]P/B`\<"!S='EL93TS1&UA M2!H87,@86X@86-C=6UU;&%T960@9&5F M:6-I="!O9B!A<'!R;WAI;6%T96QY("0R,"PR-#2!H87,@:6YC=7)R M960@;F5T(&QO65A2X@5&AE($-O;7!A;GDF(S$T-CMS M(&%B:6QI='D@=&\@8V]N=&EN=64@87,@82!G;VEN9R!C;VYC97)N(&ES(&1E M<&5N9&5N="!U<&]N(&ET2!F:6YA;F-I;F<@=&\@;65E="!I=',@;V)L:6=A=&EO;G,@ M86YD(')E<&%Y(&ET6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(%1H97-E(&UA='1E2!B92!U;F%B;&4@=&\@8V]N=&EN=64@87,@82!G;VEN M9R!C;VYC97)N+CPO<#X@/'`@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^/&(^/&D^0F%S:7,@;V8@4')E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5&AE(&%C8V]M<&%N M>6EN9R!C;VYS;VQI9&%T960@9FEN86YC:6%L('-T871E;65N=',@9F]R('1H M92!Y96%R(&5N9&5D($1E8V5M8F5R(#,Q+"`R,#$R(&%N9"`R,#$Q(&AA=F4@ M8F5E;B!P2!A8V-E<'1E9"!I;B!T:&4@56YI=&5D(%-T M871E6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`\<"!S M='EL93TS1&UA6EN9R!A;6]U;G1S(')E<&]R=&5D M(&EN('1H92!B86QA;F-E('-H965T2!O9B!T:&5S92!I;G-TF5D(&=A:6YS(&%N9"!L;W-S97,@9F]R('1H870@:6YS=')U M;65N="!S:&]U;&0@8F4@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'!E;G-E2!S96=M96YT(&EN($%S:6$L(&%N9"!H:7-T;W)I8V%L(&)A9"!D96)T M(&5X<&5R:65N8V4N)FYB6EN9R!R96-O=F5R>2!L M979E;',@;V8@;W5R(&-U65D(&EN('1H97-E(&%R96%S(&-A;B!B M92!M871E65A6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI M;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O&-H86YG92!R871E('!R979A:6QI;F<@870@=&AE(&)A;&%N8V4@ MF5D(&EN('1H92!C;VYS;VQI9&%T960@9FEN86YC:6%L('-T M871E;65N=',N($=A:6YS(&%N9"!L;W-S97,@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N M,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T M;W-P86-E.FYO;F4^4&5R:6]D(&5N9"!234(Z(%4N4RX@9&]L;&%R(&5X8VAA M;F=E(')A=&4\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.B`T+C$U<'0[(&)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.B`T+C$U<'0[(&)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.B`T+C$U<'0[(&)A M8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[(#8N-#4T-#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^5')A;G-A8W1I;VYS(&1E;F]M:6YA=&5D(&EN(&9O&-H86YG92!R871E2!A="!T:&4@97AC:&%N M9V4@2=S(&]P M97)A=&EO;G,@87)E(&-A;&-U;&%T960@8F%S960@=7!O;B!T:&4@;&]C86P@ M8W5R6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1F]R('!U2!C;VYS:61E2!L:7%U:60@ M:6YV97-T;65N=',@=VET:"!O6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE M+6AE:6=H=#IN;W)M86P[=&5X="UA=71O&AA=7-T:79E(&5F9F]R=',@870@8V]L;&5C=&EO M;BXF;F)S<#M4:&4@86QL;W=A;F-E(&9O2X\+W`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^061V86YC97,@=&\@ M=F5N9&]R2X\+W`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD M96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^4')O<&5R='D@86YD(&5Q=6EP;65N="!A2!A M;F0@97%U:7!M96YT(&ES(&-O;7!U=&5D(&)Y('1H92!S=')A:6=H="UL:6YE M(&UE=&AO9"`H869T97(@=&%K:6YG(&EN=&\@86-C;W5N="!T:&5I2!E=F%L=6%T92!T:&4@8V%R6EN9R!V86QU92!E>&-E961S('1H92!F M86ER('9A;'5E(&9O2!U6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^061V86YC97,@9G)O;2!C=7-T;VUE2!O9B!G;V]D6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X M="UA=71O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^/&(^/&D^0F%S:6,@86YD($1I;'5T960@3&]S6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML M:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O2!T:&4@=V5I9VAT960@ M879E&5R8VES960@;W(@ M8V]N=F5R=&5D(&EN=&\@8V]M;6]N('-T;V-K(&]R(')E2P@2!D:6QU=&EV92!C;VUM;VX@2!W;W5L9"!H879E(&%N(&%N=&DM9&EL=71I=F4@:6UP86-T M(&]N('1H92!#;VUP86YY)B,Q-#8[6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$ M)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T M=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M86QI9VXZ6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT M97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$.#D@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-RXY M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,35P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^ M(#QP(&%L:6=N/3-$'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,V+#`U."PU,#`\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,V+#`U M."PU,#`\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^/&D^0V]N8V5N=')A M=&EO;B!O9B!#2=S M(&)U2!T:&4@9V5N97)A;"!S=&%T92!O9B!T:&4@4%)#)W,@96-O;F]M M>2X@5&AE($-O;7!A;GDG2=S(')E2!A9F9E8W1E9"!B>2!C:&%N9V5S(&EN(&=O=F5R M;FUE;G1A;"!P;VQI8VEE2!C;VYV97)S:6]N(&%N9"!R96UI='1A;F-E(&%B&%T:6]N+"!A;6]N9R!O=&AE2!L;W-S97,@:6X@6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD M96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^5V4@<')O=FED92!F&5D(&]R(&1E=&5R;6EN86)L92P@86YD M(&-O;&QE8W1A8FEL:71Y(&ES(')E87-O;F%B;'D@87-S=7)E9"X\+W`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^3W5R(')E M=F5N=64@6UE;G0@=&5R;7,@87,@9F]L;&]W6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z+C`U<'0[8F]R9&5R+6-O M;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W:61T:#TS1#$Q('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1'=I9'1H.C@N-7!T.W!A9&1I;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z."XU<'0[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE M/3-$=VED=&@Z-#8V+C(U<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z."XU<'0[<&%D9&EN9SHP/B`\<"!S M='EL93TS1&UA6QE/3-$ M=VED=&@Z-#8V+C(U<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA2!W:71H('1H92!R96-O9VYI=&EO;B!O9B!T:&4@ MF4@=&AE(&5L96UE;G1S M(&]F(&-O;7!R96AE;G-I=F4@:6YC;VUE("AL;W-S*2X@0V]M<')E:&5N2P@97AC97!T('1H;W-E(&1U92!T;R!I M;G9E2!S=&]C:VAO;&1E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^ M/&D^3F]N+6-O;G1R;VQL:6YG($EN=&5R97-T/"]I/CPO8CX\+W`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB2!A2P@2!G M86EN(&]R(&QO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB&5S+B8C,30X M.R9N8G-P.R9N8G-P.T%30R`W-#`@"!AF5D(&EN(&]U2!T:&%T('=E('=I;&P@9V5N97)A=&4@F4@=&AE(&9U='5R92!B96YE M9FET"!A2!T:&%N(&YO="!T:&%T('-O;64@;W(@=&AE(&5N=&ER92!D969E MF5D(&QI86)I;&ET:65S('=I=&AI;B!T:&4@ M2`Q M+"`R,#$S+"!A;F0@:6YT97)I;2!P97)I;V1S('=I=&AI;B!T:&]S92!A;FYU M86P@<&5R:6]D2!T:&]S92!A;65N9&UE;G1S(')E=')O2!F;W(@86QL(&-O;7!A28C,30V.W,@9FEN86YC M:6%L('-T871E;65N=',N/"]P/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3MT97AT M+6IU2!O9B!P'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^3W1H97(@65E'!E;G-E(')E<&]R="XF;F)S<#LF M;F)S<#M4:&4@8V]M<&]N96YT6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z-3(N-'!T M.V)O6QE/3-$)W=I9'1H.C(V-RXY<'0[<&%D M9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$=VED=&@Z-"XQ M-7!T.W!A9&1I;F6QE/3-$=VED=&@Z M-"XQ-7!T.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^061V86YC97,@'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#L@-#(W+#4Y,#PO<#X@/"]T9#X@/'1D('=I M9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O M=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z-C'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,Q M+#0X.#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@ M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A M8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$ M=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z M;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C(V-RXY<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN M9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE M/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O M=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!A;F0@17%U:7!M96YT/&)R/CPO6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z M+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M M86P[=&5X="UA=71O6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+6QE9G0Z-3(N-'!T.V)O6QE/3-$)W=I9'1H M.C(Q-RXV-7!T.W!A9&1I;F6QE/3-$)W=I M9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P,3(\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@ M/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P,3$\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M86QI9VXZ8V5N=&5R.VQI;F4M M:&5I9VAT.FYO'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-3,L.3`P)FYB6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(Q-RXV-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C4P+C)P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M86QI9VXZ8V5N=&5R M.VQI;F4M:&5I9VAT.FYO'0M875T M;W-P86-E.FYO;F4^-"TU('EE87)S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R M;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[(#$T-RPQ-C4F;F)S<#L\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB M;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$=VED=&@Z-3`N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.C(Q-RXV-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C(Q-RXV-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB M;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#L@,S65A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'!E M;G-E'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E M;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O'!E;G-E65T('1O(&)E(&)I M;&QE9"P@86YD(&EI:2D@86-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$ M)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@ M,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^061V86YC97,@ M<&%Y86)L97,\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z-C'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#@T+#$P M,3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R M8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%? M93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$3PO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^/&(^3D]4129N8G-P.S8@)B,Q-3`[(%-4 M3T-+2$],1$524R8C,30V.R!%455)5%D\+V(^/"]P/B`\<"!S='EL93TS1&UA M'0M:6YD96YT M.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB2!O9B!O M=7(@8V]M;6]N('-T;V-K('!U6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$)W=I9'1H.C$Y,BXU-7!T.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P M:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^3G5M8F5R(&]F('-H87)E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^=V%R6QE/3-$)W=I9'1H.C0N M,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED M(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO M'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P M:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,S+#4V,2PP,#`F;F)S<#L\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#L@,"XR,3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B M;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z,3DR+C4U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z M;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,3DR+C4U<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$N,S,\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,3DR M+C4U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^1W)A;G1E9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX] M,T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L M86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,Q+#4U."PU,#`F;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#`N,S,\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^5&AE(&-O;6UO;B!S=&]C:R!P=7)C:&%S92!W87)R86YT M'!I'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!42!4 M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^/&(^/&D^1'5E(&9R;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.C0N,35P=#MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P,3(\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P M=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L M86-K(#$N,'!T.W!A9&1I;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^1&5C96UB97(@,S$L(#(P,3$\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'!O'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#L@+3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1T;W`@ M'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^1'5E(&9R;VT@5&EA;FII;B!3 M:6YC97)E($QO9VES=&EC6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG75N8G4\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$ M=&]P('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W M+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N M,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E M;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O2XF;F)S<#LF;F)S<#M3:&%N9&]N9R!(=6EB;R!);7!O&5C=71I=F4@3V9F:6-E&5C=71I=F4@3V9F:6-E6UE;G1S(&]F("0V M-2PS,#<@9'5R:6YG(#(P,3(N/"]P/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1'5R:6YG('1H92!Y96%R(&5N M9&5D($1E8V5M8F5R(#,Q+"`R,#$R+"!T:&4@0V]M<&%N>2!R96-O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O M2!A9F9I;&EA=&5D M('=I=&@@2'5I($QI=2P@82!M96UB97(@;V8@;W5R($)O87)D(&]F($1I6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE M+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I M;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^1'5E M('1O(%AI86YG9F5N($-H96X\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@.#'0M875T;W-P86-E.FYO;F4^1'5E M('1O($)I;B!,:74\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$Y-"PY-#D\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#(Y-BPX-S(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(L M-C6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^1'5E('1O($QI86YY=6YB=3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^1'5E('1O(%-H86YG($II;F<\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#0W+#8Q,3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI M9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0Q,"PP-S@\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#L@,2PP-3`L.3,W/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#HT+C$U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,RXP M<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA&5S.CPO'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$2!A8V-O=6YT&5S('!U"!A'!E8W1E9"!I;7!A8W0@;V8@9&EF9F5R96YC M97,@8F5T=V5E;B!T:&4@9FEN86YC:6%L('-T871E;65N=',@86YD('1H92!T M87@@8F%S:7,@;V8@87-S971S(&%N9"!L:6%B:6QI=&EE"!B96YE9FET('1O(&)E(&1E6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE M+6AE:6=H=#IN;W)M86P[=&5X="UA=71O2`Q+"`R,#`X+"!T:&4@0V]M<&%N>2=S('-U8G-I9&EA"!,87<@;V8@=&AE(%!E;W!L928C,30V.W,@4F5P=6)L:6,@;V8@0VAI M;F$@86YD(&QO8V%L(&EN8V]M92!T87@@;&%W"!A="!A('-T871U=&]R>2!R871E M(&]F(&%P<')O>&EM871E;'D@,C4E(&9O65A6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^5&AE(&-O;7!O;F5N=',@;V8@;&]S"!A;F0@;F]N+6-O;G1R;VQL:6YG(&EN=&5R97-T(&-O;G-I6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+6QE9G0Z-3(N,S5P=#MB;W)D97(M8V]L;&%P6QE M/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@ M/'`@6QE/3-$)W=I9'1H.C$T,BXT<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C`G M/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I M9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(V-RXY<'0[ M<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MP861D:6YG M.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^*$%S(%)E6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#L@*#$Q-RPQ-#DI/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I M9'1H.C0N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-RXY<'0[8F%C:V=R;W5N9#IW:&ET93MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$)W=I M9'1H.C0N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F6QE/3-$ M)W=I9'1H.C0N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W M+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R M+C(U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5&AE(&-O;7!O M;F5N=',@;V8@=&AE('!R;W9I&5S(&%R92!A M6QE/3-$)W=I9'1H.C(V M-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^665A6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P M=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T M.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI M;F4M:&5I9VAT.FYO6QE/3-$ M)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^0VAI;F5S92!/<&5R871I;VYS M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C!I M;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.C0N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,G!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+3PO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H M.C0N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@,3F5S('1H92!R96-O;F-I;&EA=&EO;B!O9B!T:&4@0V]M<&%N>28C M,30V.W,@:6YC;VUE('1A>"!P2!5+E,N($9E9&5R86P@6QE/3-$)W=I9'1H.C(V M-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^665A6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P M=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T M.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI M;F4M:&5I9VAT.FYO6QE/3-$ M)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE M/3-$=VED=&@Z-"XQ-7!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-"XR<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-C6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XR<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#L@*#,Y M-"PP,#`I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[("@S,RPP,#`I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C0N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C8W M+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS M1&UA"!R871E(&EN(&5X8V5S'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#DT+#`P,"9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@ M6QE/3-$=VED=&@Z-"XR<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$S,2PP,#`F M;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG M'0M875T;W-P86-E.FYO;F4^5&%X('!R;W9I6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#L@+29N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.C0N,G!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#L@,3&EM871E;'D@)#(L-C,R+#`P,"P@=VAI8V@@97AP:7)E M('1HF%T:6]N(&]F('1H M92!#;VUP86YY)B,Q-#8[2!B92!L:6UI=&5D(&EN M('1H92!E=F5N="!O9B!A(&-H86YG92!I;B!O=VYE28C,30V.W,@55,@;W!E&EM871E;'D@)#$L-S`P+#`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`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#HT+C$U<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N M-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z M-"XR<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA69O6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^4W1A=&4@;F5T(&]P97)A=&EN9R!L M;W-S(&-A6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$P,2PP,#`F;F)S<#L\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C(V-RXY<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#0S-RPP,#`F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,G!T.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z M,C8W+CEP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#$L-#,V+#`P,"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$L,C$R+#`P,"9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,G!T.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+29N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`G/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+29N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG2!R96%S"!P;W-I=&EO;G,@=&\@ M9&5T97)M:6YE(&EF(&9A8W1S(&]R(&-I"!P;W-I=&EO;B8C M,30V.W,@"!P;W-I=&EO;G,@;VX@86YY(&]F(&]U7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$2!R96=I;VYS(&9O65A6QE/3-$)W=I9'1H.C0N,35P=#MP M861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N M,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^/&(^07-S971S/"]B/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@'0M875T;W-P M86-E.FYO;F4^56YI=&5D(%-T871E'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C8N.35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN M9SHP/B`\<"!S='EL93TS1&UA6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C8N.35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M M875T;W-P86-E.FYO;F4^4%)#/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0L,36QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O M=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z M,C8W+CEP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z-C8N M.35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A M8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+3PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#L@,C(L,C4W/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO M;F4^4%)#/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8L,#4W+#0T.3PO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U M7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X M+U=O'0O M:'1M;#L@8VAA'0^/"$M+65G>"TM/CQP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^3D]4 M12`Q,"`F(S$U,#L@0T]-34E4345.5%,@04Y$($-/3E1)3D=%3D-)15,\+V(^ M/"]P/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.C0N M,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^5&]T86P\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@ M,2XU<'0@,&EN)SX@/'`@6QE/3-$=VED=&@Z-"XQ-7!T M.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-C8L M,3(R/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1'1O<"!S='EL M93TS1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8V+CDU<'0[8F]R M9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5V4@;&5A2`W+#`P."!S<75A&5C=71I=F4@;V9F:6-E2!-&EM871E;'D@4DU" M(#$Q+#2`D,2PX-3DI('!E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M875T;W-P86-E.FYO;F4^)FYB M'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^4')E=FEO=7-L>2P@;W5R($-H:6YA(&AE M861Q=6%R=&5R2`D,S,L.#(S*2X@26X@36%Y(#(P,3(L('=E M(')E;&]C871E9"!O=7(@0VAI;F$@:&5A9'%U87)T97)S(&]F9FEC92!T;R`R M,"!(;VYG($MO;F<@6FAO;F<@4F]A9"P@1V]L9&5N(%!L87IA+"!.;W)T:"!- M86YS:6]N+"!3=6ET92`V,#2!U;F1E2`Y+"`R,#$T M+B!4:&4@86YN=6%L(')E;G0@;V8@9FER65A65A6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE M+6AE:6=H=#IN;W)M86P[=&5X="UA=71O'0M:G5S=&EF>3II;G1E'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+6QE9G0Z+C`U<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E M/B`\='(^(#QT9"!W:61T:#TS1#,Q,R!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^3&]C871I;VX\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N M,G!T.W!A9&1I;F'0M M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO&EM871E(%-Q=6%R92!&965T/"]P/B`\+W1D/B`\=&0@ M=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C)P M=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H M.CDQ+C1P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K M(#$N,'!T.W!A9&1I;F6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^06YN=6%L(%)E;G0\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F'!I6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z.3$N-'!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^3&EA;GEU86YG86YG($)R86YC M:"P@3&EA;GEU86YG86YG($-I='DL($II86YG'0M875T;W-P86-E M.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$L,3@T/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS1'1O<"!S='EL93TS1'=I9'1H M.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z.3$N-'!T.V)A8VMG'0M86QI9VXZ8V5N=&5R M.VQI;F4M:&5I9VAT.FYO'0M875T M;W-P86-E.FYO;F4^)#0L-S4Y*%)-0B`S,"PP,#`I/"]P/B`\+W1D/B`\=&0@ M=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,G!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z-S@N.#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z.3$N-'!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-S@N.#5P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^*#$I)FYB'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M*#,I)FYB3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA'0^/"$M+65G M>"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M/&(^3D]412`Q,2`F(S$U,#L@4U5"4T51545.5"!%5D5.5%,\+V(^/"]P/B`\ M<"!S='EL93TS1&UA2!I28C,30V.W,@0T5/(&1U M65A2`R,#$S+"!T:&4@0V]M<&%N>2!I'0M86QI9VXZ M:G5S=&EF>3MT97AT+6IU2!A;6]U;G0@;V8@<')I;F-I<&%L(&]R(&EN=&5R M97-T(&]N('1H:7,@3F]T92!W:&EC:"!I2!T=V\@ M<&5R8V5N="`H,C(E*2!P97(@86YN=6T@9G)O;2!T:&4@9'5E(&1A=&4@=&AE M2!T:6UE(&%F=&5R('1H92!I2!L97-S M97(@<&]R=&EO;B!O9B!T:&4@;W5T7,@<')I;W(@=&\@=&AE(&1A>2!T:&%T($UA9VYA(')E<75E7,@*'1H92`F<75O=#M.97<@1FQO;W(F<75O=#LI+DEF('1H M92!S=&]C:R!P2!P;VEN="!W:&EL92!T:&ES($%G2P@;VX@1F5B2!F;W(@9&5R:79A=&EV92!C;VYT6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE M:6=H=#IN;W)M86P[=&5X="UA=71O2`V M+"`R,#$S+"!#1"!);G1E2!T:6UE(&%F=&5R('1H92!I2!L97-S97(@<&]R=&EO;B!O9B!T:&4@;W5T M7,@<')I;W(@=&\@=&AE(&1A M>2!T:&%T($UA9VYA(')E<75E"!&;&]O7,@9'5R:6YG('=H:6-H('1H92!S=&]C:R!M=7-T M(&-L;W-E(&%B;W9E('1H92!/7,@*'1H92`F<75O=#M.97<@1FQO;W(F<75O=#LI+DEF('1H M92!S=&]C:R!P2!P;VEN="!W:&EL92!T:&ES($%G28C,30V.W,@8V]M;6]N('-T M;V-K(&%T('1H92!C;W-T(&)A2`V+"`R,#$S+"!T:&4@9F%I2!O;B!T:&4@8V]N2!G M86EN6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E M;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O2!A;F0@0VAI;F$@1&ER M96-T($EN=F5S=&UE;G1S+"!);F,N("@F(S$T-SM#1$DF(S$T.#LI(&5N=&5R M960@:6YT;R!A($-O;G9E2!N;W1E(&%N9"!A;&P@86-C28C,30V.W,@8V]M;6]N('-T;V-K(&%T(&$@ M8V]N=F5R7,@<')I M;W(@=&\@=&AE(&1A>2!T:&%T($-$22!R97%U97-T'1087)T7S)B-C8U,6$Q7V0U8S5?-&,X9E]A-V%A7V4S,C8S-31E.#4S M.`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\R8C8V-3%A,5]D-6,U M7S1C.&9?83=A85]E,S(V,S4T93@U,S@O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^5&AE($-O;7!A;GDF(S$T-CMS(&-O;G-O M;&ED871E9"!F:6YA;F-I86P@65A2!U;F1E28C,30V.W,@8V]N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+6QE9G0Z+C$U<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\ M='(^(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1B;W1T;VT@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^1&5C96UB97(@,S$L(#(P,3$\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I M;F6QE/3-$)W=I M9'1H.C(V,2XV-7!T.W!A9&1I;F6QE M/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC M96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M061J=7-T;65N=',@=&\@4F5S=&%T93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R M;W5N9#HC0T-%149&.W!A9&1I;F'0M M86QI9VXZ6QE/3-$=VED=&@Z-S`N M,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS M1&UA6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R M;W5N9#IW:&ET93MP861D:6YG.C`^(#QP(&%L:6=N/3-$'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4Y."PW-3`F;F)S<#L\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q-2PW-#(I M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1'=I9'1H.C0N-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.G=H:71E M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M86QI9VXZ M6QE/3-$)W=I9'1H.C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(T+#,U-B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I M9'1H.C0N-C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE M:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN M;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.C'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#8L,#$Y+#6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE M:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N M-C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-BPP-SDL M-S`V)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z,C8Q+C8U<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[ M8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU M<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XV-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-7!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@V,S(L,S0T M*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$ M)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N M,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR M:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT M+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M.3,@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8L,C`Y+#0V.29N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I M9'1H.C0N-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z.#DN,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^4W1O8VMH;VQD97)S)B,Q-#8[ M($5Q=6ET>2`H1&5F:6-I="DZ/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z.#DN,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE M/3-$=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z-S`N,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG M.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z-2XR M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$ M=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#0L,3$X)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N M,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-2XR M<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H M=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O M=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^3F]N+6-O M;G1R;VQL:6YG(&EN=&5R97-T/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR M:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT M+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M.3,@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-S`N,#5P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-2XR<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#DR+#,T,B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C@Y+C`U<'0[ M8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI M9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP)SX@ M/'`@'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V,2XV M-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG2`H9&5F:6-I="D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$)W=I9'1H.C@Y+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS M;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#8U-"PV,S0F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.G=H M:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB2`H1&5F:6-I="D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M86QI9VXZ6QE M/3-$)W=I9'1H.C'0M875T;W-P86-E.FYO;F4^("0F(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-BPP-36QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG M'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$8F]R9&5R+6-O M;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W:61T:#TS1#(Q('-T>6QE/3-$ M=VED=&@Z,34N-C5P=#MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-3`W+C8U<'0[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$=VED=&@Z,34N-C5P=#MP861D:6YG.C`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^*&$I/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0V-S<@=F%L:6=N/3-$=&]P('-T>6QE/3-$=VED M=&@Z-3`W+C8U<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6%B;&4@86YD(&%C8W)U960@ M97AP96YS97,@:6X@,C`Q,3PO<#X@/"]T9#X@/"]T6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5&\@861J=7-T(&9O M6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(V-BXX-7!T.V)O6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(T-RXQ<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O M;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C`G/B`\<"!A;&EG;CTS1&-E M;G1E'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I M9'1H.C4N,C5P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$ M)W=I9'1H.C4N,C5P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^07,@ M4F5S=&%T960\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$=VED=&@Z,C8V+C@U<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^4V%L M97,\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE M/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z.2XS-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C@Q+C1P=#MB;W)D97(Z;F]N93MB;W)D M97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C4N,G!T.V)A8VMG'0M86QI9VXZ6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C M:R`Q+C!P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP)SX@/'`@'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0S."PS-#,F;F)S<#L\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'!E;G-E6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z.2XS-7!T.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z,C8V+C@U<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^4V5L M;&EN9RP@9V5N97)A;"!A;F0@861M:6YI6QE/3-$=VED=&@Z-2XR M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$ M=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z.2XS-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$ M)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C@Q+C1P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K M(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN M;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#$L-C@U+#,Q."9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI M9VX],T1B;W1T;VT@'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE M/3-$)W=I9'1H.CDN,S5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C(V-BXX-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M86QI9VXZ M6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$)W=I9'1H.C@Q+C1P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O M;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.CDN,S5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C`U<'0[ M8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE M/3-$)W=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[("@Q+#,P."PT,3,I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED M=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL M93TS1&UA6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT M97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$.3$@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C8X+C`U<'0[ M8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4Y-BPQ.3DF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Y-"PR-#8I/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#HT+C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O M='1O;3ID;W5B;&4@8FQA8VL@,BXR-7!T.V)A8VMG6QE/3-$)W=I9'1H M.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C8V+C@U<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M86QI9VXZ6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z.#$N-'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`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`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C@Q+C1P=#MB;W)D97(Z;F]N93MB;W)D M97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q+#DX-"DF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^0V]M<')E:&5N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N M9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$.3$@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.B`V."XP-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V M,#LF(S$V,#L@*#$L,S(P+#DQ.2D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`U+C(U<'0[(&)A8VMG M'0M875T M;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#L@,3(Y+#0T,"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`Y+C,U<'0[(&)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.B`V."XP-7!T.R!B;W)D97(Z(&YO M;F4[(&)O6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED M=&@Z,C8V+C@U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M=VED=&@Z,C8V+C@U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-2XR-7!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z.2XS-7!T.V)A M8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O M=6YD.G=H:71E.W!A9&1I;F6QE/3-$)W=I9'1H.C(V-BXX-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C4N,G!T.V)A8VMG'0M86QI9VXZ6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3ID;W5B;&4@8FQA8VL@,BXR-7!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#L@*#`N,#(I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C(U<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`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`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3ID;W5B;&4@8FQA8VL@,BXR-7!T.V)A8VMG6QE/3-$ M)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C@Q+C1P=#MB;W)D97(Z;F]N93MB;W)D M97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#IW:&ET M93MP861D:6YG.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C0N-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z+C-P=#MB;W)D97(M8V]L M;&%P6QE/3-$=VED=&@Z,34N-C5P=#MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^*&$I/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V-34@=F%L:6=N/3-$=&]P('-T>6QE/3-$=VED=&@Z M-#DQ+C1P=#MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,3`N-#5P=#MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1F]R('1H92!996%R M(&5N9&5D($1E8V5M8F5R(#,Q+"`R,#$Q/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C)P=#MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O M;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@86QI9VX],T1C96YT97(@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M86QI9VXZ M8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C4N,C5P=#MP861D M:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C4N,C5P=#MP M861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V M,#LF(S$V,#L@*#$L,S`X+#0Q,RD\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C@W+CAP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F2`H=7-E M9"!I;BD@;W!E'0M875T;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z-C@N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z M,C@W+CAP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL M93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N M9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(Y."PS,S6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C@W+CAP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[("@R-#8L-#'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[("@T,3$L.3@Y*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX] M,T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[("@V-3@L-#8W*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX] M,T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M86QI9VXZ6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#$U+#6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0S M-"PV.3@F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^061V86YC92!T;R!V96YD;W)S(&%N9"!O=&AE'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,T-RPT,#DF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR M-7!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#,R,RPP-3,F;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^06-C;W5N=',@<&%Y86)L93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M-R!V86QI9VX],T1B;W1T;VT@'0M86QI M9VXZ6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[("@X-"PP-S0I/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,C5P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$)W=I9'1H.C(X-RXX<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O M=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN M9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$ M)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O M=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^149&14-4($]&($580TA!3D=%(%)!5$4@ M3TX@0T%32#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T M;VT@'0M M86QI9VXZ6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R M.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!W:6YD;W=T97AT(#$N,'!T.V)A M8VMG6QE/3-$)W=I9'1H M.C(X-RXX<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N M,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#@W M+#`T."9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B M;W1T;VT@6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`\<"!S='EL93TS M1&UA6EN9R!A;6]U;G1S(')E<&]R=&5D(&EN('1H M92!B86QA;F-E('-H965T2!O9B!T:&5S92!I;G-TF5D(&=A:6YS(&%N9"!L;W-S97,@9F]R('1H870@:6YS=')U;65N="!S M:&]U;&0@8F4@7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E M;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^4VEG;FEF:6-A;G0@97-T:6UA=&5S(&9O2!A M;F0@97%U:7!M96YT+"!A;F0@87-S=6UP=&EO;G,@=7-E9"!I;B!A'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`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`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@ M,S$L(#(P,3(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P M,3$\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG&-H86YG92!R871E/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS M1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8N,S`Q,3PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG&-H86YG92!R871E/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-"XQ-7!T.R!B86-K M9W)O=6YD.B!W:&ET93L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.B`V-RXP<'0[(&)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.B`T+C$U<'0[(&)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG2!A="!T:&4@97AC:&%N M9V4@2!T&-H86YG92!R M871E(&9L=6-T=6%T:6]N2!O=&AE6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML M:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O2!A9W)E92!W:71H(&-H86YG97,@:6X@=&AE(&-O'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^/&D^06-C;W5N M=',@4F5C96EV86)L93PO:3X\+V(^/"]P/B`\<"!S='EL93TS1&UA2!R979I97=S M('1H92!A8V-O=6YT2!C;VYS:61E2!F86-T;W)S+"!I;F-L=61I;F<@ M=&AE(&%G92!O9B!T:&4@8F%L86YC92P@82!C=7-T;VUE'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6UE;G1S(&]R(&1E<&]S:71S(&9R;VT@=7,@9F]R(&-O;G1R86-T960@2!O=7(@8W5S=&]M97)S+B9N8G-P.R9N8G-P.U1H97-E(&%M;W5N=',@ M87)E(')E8V]G;FEZ960@87,@8V]S="!O9B!R979E;G5EF4@=&AE('-H M:7!P:6YG(&%R7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA2!A;F0@17%U:7!M96YT(&%N M9"!,;VYG+6QI=F5D($%S6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD M96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^4')O<&5R='D@86YD(&5Q=6EP;65N="!A2!A M;F0@97%U:7!M96YT(&ES(&-O;7!U=&5D(&)Y('1H92!S=')A:6=H="UL:6YE M(&UE=&AO9"`H869T97(@=&%K:6YG(&EN=&\@86-C;W5N="!T:&5I2!E=F%L=6%T92!T:&4@8V%R6EN9R!V86QU92!E>&-E961S('1H92!F M86ER('9A;'5E(&9O2!U3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S M.B!!9'9A;F-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^/&D^061V86YC M97,@9G)O;2!#=7-T;VUE6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI M;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6UE;G1S('1O('5S(&9O2X@061V86YC97,@9G)O;2!C=7-T;VUE M2X\+W`^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`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`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^/&D^ M4W1O8VL@0F%S960@0V]M<&5N6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^5V4@86-C;W5N="!F;W(@97%U:71Y+6)A65E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R M8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%? M93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O M=6YT:6YG(%!O;&EC:65S.B!"87-I8R!A;F0@1&EL=71E9"!,;W-S(%!E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^/&D^0F%S:6,@86YD M($1I;'5T960@3&]S6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O M2!T:&4@=V5I9VAT960@879E&5R8VES960@;W(@8V]N=F5R=&5D(&EN=&\@8V]M;6]N('-T;V-K M(&]R(')E2P@2!D:6QU=&EV92!C;VUM;VX@2!D:6QU=&EV92!C;VUM;VX@2!W;W5L9"!H879E(&%N(&%N M=&DM9&EL=71I=F4@:6UP86-T(&]N('1H92!#;VUP86YY)B,Q-#8[6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I M;F'0M M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W M+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS M1&UA'0M86QI9VXZ6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O M=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[ M8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$.#D@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O M;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$)W=I9'1H.C(V-RXY<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I M;F6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M:6X@,&EN(#,N,'!T(#!I;B<^(#QP(&%L:6=N/3-$'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#,V+#`U."PU,#`\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#,V+#`U."PU,#`\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^/&(^/&D^0V]N8V5N=')A=&EO;B!O9B!#2=S(&)U2!T:&4@9V5N M97)A;"!S=&%T92!O9B!T:&4@4%)#)W,@96-O;F]M>2X@5&AE($-O;7!A;GDG M7!I8V%L;'D@87-S;V-I871E9"!W:71H(&-O;7!A;FEE2=S(')E2!A9F9E8W1E9"!B>2!C:&%N9V5S(&EN(&=O=F5R;FUE;G1A;"!P;VQI8VEE M2!C;VYV97)S:6]N(&%N M9"!R96UI='1A;F-E(&%B&%T:6]N+"!A;6]N9R!O=&AE2!L;W-S97,@:6X@7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X M="UA=71O2!A M7!I8V%L;'D@ M9&5T97)M:6YE9"!B>2!O=7(@6QE/3-$=VED=&@Z."XU<'0[<&%D M9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-#8V+C(U<'0[<&%D9&EN9SHP/B`\<"!S='EL M93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,SDN.7!T.W!A9&1I;F'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4^+3PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3$@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z."XU<'0[<&%D M9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5VAE;B!M M97)C:&%N9&ES92!D97!A6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z,SDN.7!T.W!A9&1I;F'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4^+3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,3$@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z."XU<'0[<&%D9&EN M9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5VAE;B!T:&4@ M;65R8VAA;F1I6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^5&AE($-O;7!A;GD@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF M7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!O9B!3:6=N:69I8V%N M="!!8V-O=6YT:6YG(%!O;&EC:65S.B!#;VUP'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G M>"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M/&(^/&D^0V]M<')E:&5N6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^ M/&D^3F]N+6-O;G1R;VQL:6YG($EN=&5R97-T/"]I/CPO8CX\+W`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^/&(^/&D^26YC;VUE(%1A>&5S/"]I/CPO8CX\+W`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M:6YD96YT.BXU:6X[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB&5S M(&EN(&%C8V]R9&%N8V4@=VET:"!!4T,@-S0P+"`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`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^ M/&D^4F5C96YT($%C8V]U;G1I;F<@4')O;F]U;F-E;65N=',\+VD^/"]B/CPO M<#X@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H=#IN;W)M M86P[=&5X="UA=71OF5D(&%S2!S:&]U;&0@<')O=FED92!T:&4@9&ES8VQO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I;CML:6YE+6AE:6=H M=#IN;W)M86P[=&5X="UA=71O28C,30V.W,@;6%N86=E;65N="!H87,@;F]T(&1E=&5R M;6EN960@=VAE=&AE'1087)T7S)B-C8U,6$Q7V0U8S5?-&,X9E]A M-V%A7V4S,C8S-31E.#4S.`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]# M.B\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@O5V]R:W-H M965T'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UI;F1E;G0Z+C5I M;CML:6YE+6AE:6=H=#IN;W)M86P[=&5X="UA=71O6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A M9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M86QI M9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S M='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#8N,S4R,SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX] M,T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.B`R-C'0M875T;W-P86-E.FYO;F4^079E65A M'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8N,S`S-#PO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.B`V-RXP<'0[(&)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA6QE/3-$)W=I M9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T M=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P,3$\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H M.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^5V%R6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO M;F4^4V5R:65S($(@8V]N=F5R=&EB;&4@<')E9F5R'0M86QI9VXZ'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#0L-3`P+#`P,#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B M;W1T;VT@6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#0L-3`P+#`P,#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI M9VX],T1B;W1T;VT@6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^5&]T86P@/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[ M8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[ M8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T M93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%? M9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C M96UB97(@,S$L(#(P,3(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P M:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I M;F6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@ M,S$L(#(P,3$\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-C6QE/3-$=VED=&@Z-"XQ-7!T M.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$=VED=&@Z-"XQ M-7!T.W!A9&1I;F6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'!E;G-E/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O M;2!S='EL93TS1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4X+#,X,SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^3W1H97(\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K M(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N M,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@,S0Y+#`Y,SPO<#X@/"]T9#X@/'1D M('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA2!A;F0@17%U:7!M96YT.B!38VAE M9'5L92!O9B!02!A;F0@97%U:7!M96YT("A486)L97,I/&)R/CPO M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^57-E9G5L($QI=F5S/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#HT+C$U<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED M(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C$W+C8U<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^0V]M<'5T97(@97%U:7!M96YT M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V-R!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E M.FYO;F4^-"!Y96%R'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^1G5R;FET=7)E(&%N9"!E<75I<&UE;G0\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#8W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#HU,"XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@86QI9VX],T1C96YT97(@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#(P,2PP-C4F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#$V-BPQ,S0F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO M;F4^3&5S6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[("@Q,S8L,C`S*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q,C@L-#8P*3PO<#X@/"]T9#X@/'1D M('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4P+C)P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#L@-C0L.#8R)FYB6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z M;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R M;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'!E;G-E M'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ M8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB'0M86QI9VXZ8V5N=&5R M.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA M'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-#DT M+#DP-3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@ M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-"XQ-7!T.V)A M8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#DW+#(W-CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B M;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^06-C'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T M=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4Q+#DW,3PO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4Q+#,T-SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C(V-RXY<'0[8F%C:V=R;W5N9#IW:&ET93MP861D M:6YG.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B M;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@ M,RXP<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`G/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-C,P+#,U,SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A3H@4V-H961U;&4@;V8@0V]M;6]N('-T M;V-K('!U6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6EN M9SPO<#X@/'`@86QI9VX],T1C96YT97(@6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5V5I9VAT960\ M+W`^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^879E&5R M8VES929N8G-P.W!R:6-E/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB'0M86QI9VXZ8V5N=&5R.VQI M;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("TF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.C$Y,BXU-7!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^17AP:7)E9#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI M9VX],T1B;W1T;VT@'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB M;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@R+#`P,BPU,#`I M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL M93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L M86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#,Q+#4U."PU,#`F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#L@,"XR,#PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("TF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^17AE'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("TF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C$Y,BXU-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^3W5T'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@,"XR,#PO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)FYB'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!4'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+6QE9G0Z-3(N-'!T.V)O6QE/3-$)W=I9'1H.C(V-RXY<'0[<&%D9&EN9SHP M:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N M,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T M;W-P86-E.FYO;F4^1'5E(&9R;VT@4VAA;F1O;F<@2'5I8F\@26UP;W)T("9A M;7`[($5X<&]R="!#;RXL($QT9"X\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@ M=F%L:6=N/3-$=&]P('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^1'5E('1O M($QA;F=Y=6YB=3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1T M;W`@'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@ M,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N M93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P M=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U M<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`G/B`\<"!S='EL93TS1&UA M'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@ M-C,P+#0V-3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T M;VT@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O M;&ED(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT M.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z M-C6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M1'5E('1O(%-H=6YB;R!);G1E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z-C'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[("T\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#$T-2PY.#(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("T\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^ M3&]A;G,@86YD(&EN=&5R97-T(&1U92!T;R!#1"!);G1E'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0P-2PQ-#(\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`G/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF M(S$V,#L@,2PS-3`L-S0S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA"!A;F0@;F]N+6-O M;G1R;VQL:6YG(&EN=&5R97-T/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&5X=#X\(2TM96=X+2T^/'`@6QE/3-$)W=I9'1H.C(V M-RXY<'0[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^665A6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN M)SX@/'`@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P M=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T M.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C0N,G!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI M;F4M:&5I9VAT.FYO6QE/3-$ M)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE M/3-$=VED=&@Z-"XQ-7!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-"XR<'0[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-C6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XR M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^0VAI;F5S92!/<&5R871I M;VYS/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG M.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@W,3DL-3$Q*3PO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB"!A;F0@3F]N+6-O;G1R;VQL:6YG($EN=&5R M97-T/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#HT+C$U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I M;F6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$)W=I9'1H.C0N,G!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[("0F(S$V,#LF(S$V,#L@*#$L,34Y+#,Q.2D\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S.B!#;VUP;VYE;G1S(&]F('1H92!P6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N,35P=#MP M861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^,C`Q,CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB M;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A M9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^,C`Q,3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^55,@3W!E'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED M=&@Z-"XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED M(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z M;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C(V-RXY<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D M97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`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`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^665A6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P M:6X@,2XU<'0@,&EN)SX@/'`@6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED M(&)L86-K(#$N,'!T.W!A9&1I;F'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO M6QE/3-$)W=I9'1H.C0N,G!T M.W!A9&1I;F6QE/3-$)W=I9'1H.C0N M,G!T.W!A9&1I;F'0M86QI M9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$=VED=&@Z-"XQ-7!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-"XR<'0[<&%D9&EN9SHP/B`\<"!S='EL M93TS1&UA6QE/3-$ M=VED=&@Z-C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG2!R M871E(&]F(#,T)3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B M;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z M-C6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XR<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V M,#LF(S$V,#L@*#,Y-"PP,#`I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z-C'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@S,RPP,#`I/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C0N M,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#DT+#`P,"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI M9VX],T1B;W1T;VT@6QE/3-$=VED M=&@Z-"XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#$S,2PP,#`F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE M/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L M86-K(#$N,'!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K M(#$N,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^5&%X('!R;W9I6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+29N8G-P.SPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.C0N M,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#L@,37!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA"!!"!!'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+6QE9G0Z-3(N,S5P=#MB;W)D97(M8V]L;&%P6QE M/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@ M/'`@6QE/3-$)W=I9'1H.C$T,BXT<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C`G M/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I M9VAT.FYO6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG M.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^,C`Q,CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX] M,T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z M;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^,C`Q,3PO<#X@/"]T M9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$ M=VED=&@Z-"XQ-7!T.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([ M;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^*$%S(%)E M'0M875T;W-P86-E.FYO;F4^1F5D97)A;"!N970@;W!E'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#L@.#DT+#`P,"9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$=VED=&@Z-"XR<'0[8F%C:V=R;W5N9#HC0T-%149& M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#L@.#4U+#`P,"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F69O6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-C'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$P-2PP,#`F;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$=VED=&@Z-"XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XR<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P86-E.FYO;F4^4%)#(&YE="!O<&5R871I;F<@;&]S69O6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(U-BPP,#`F;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N M,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XR<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-"XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C(V-RXY<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$)W=I M9'1H.C0N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8W+C!P M=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T M.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$)W=I9'1H.C(V-RXY<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8W+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M M.F1O=6)L92!B;&%C:R`R+C(U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG M.C!I;B`P:6X@,RXP<'0@,&EN)SX@/'`@6QE/3-$ M)W=I9'1H.C0N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N M,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!R96=I;VYS("A486)L97,I/&)R/CPO6QE M/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@ M/'`@'0M86QI9VXZ8V5N=&5R.VQI;F4M M:&5I9VAT.FYO6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@ M,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^07-S971S/"]B/CPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M875T;W-P86-E.FYO;F4^56YI=&5D(%-T871E'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C8N.35P=#MB86-K9W)O M=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M=VED=&@Z-C8N.35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^4%)#/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#HT+C$U<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#0L,36QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z,C8W+CEP=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C8N.35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@,C(L,C4W/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^4%)#/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HT+C$U<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8L M,#4W+#0T.3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T M;VT@6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N,35P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$)W=I9'1H.C0N,35P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@ M,&EN)SX@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R M;6%L.W1E>'0M875T;W-P86-E.FYO;F4^5&]T86P\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N,35P M=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@6QE/3-$=VED=&@Z-"XQ-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#L@-C8L,3(R/"]P/B`\+W1D/B`\=&0@=VED=&@],T0V M('9A;&EG;CTS1'1O<"!S='EL93TS1'=I9'1H.C0N,35P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.C0N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C8V+CDU<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI M9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9? M83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O M0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@ M8VAA6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^07!P6QE/3-$)W=I9'1H.C4N,G!T M.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I M9VAT.FYO'0M875T;W-P86-E.FYO;F4^6&EA;65N($)R M86YC:"P@6&EA;65N($-I='DL($9U:FEA;B!06QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)#$L-S$S*%)-0B`Q,"PX,#`I/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1'=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^1&5C96UB97(@,S$L(#(P,3,\ M+W`^(#PO=&0^(#PO='(^(#QT6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG75A;F=A;F<@0G)A;F-H M+"!,:6%N>75A;F=A;F<@0VET>2P@2FEA;F=S=2!06QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,3`R+C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M86QI9VXZ8V5N=&5R.VQI;F4M M:&5I9VAT.FYO'0M875T;W-P86-E M.FYO;F4^36%R8V@@,30L(#(P,30\+W`^(#PO=&0^(#PO='(^(#QT'0M875T;W-P86-E M.FYO;F4^5&EA;FII;B!"2`H,RD\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$=&]P('-T>6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)#$U+#8Q,2A234(@.3@L-#`P*3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0^ M/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R M9VEN+6QE9G0Z+C$U<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^ M(#QT9"!W:61T:#TS1#,T.2!V86QI9VX],T1B;W1T;VT@6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^1&5C96UB97(@,S$L(#(P,3$\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H M.C(V,2XV-7!T.W!A9&1I;F6QE/3-$ M)W=I9'1H.C4N,G!T.W!A9&1I;F6QE M/3-$)W=I9'1H.C6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97([;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^061J M=7-T;65N=',@=&\@4F5S=&%T93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V M86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E M>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N M9#HC0T-%149&.W!A9&1I;F'0M86QI M9VXZ6QE/3-$=VED=&@Z-S`N,#5P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA M6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N M9#IW:&ET93MP861D:6YG.C`^(#QP(&%L:6=N/3-$'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4Y."PW-3`F;F)S<#L\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET M93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q-2PW-#(I/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS M1'=I9'1H.C0N-7!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C4N,G!T.V)A8VMG'0M86QI9VXZ6QE/3-$)W=I9'1H.C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(T+#,U-B9N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H M.C0N-C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N M-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H M=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[(#8L,#$Y+#6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$ M)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H M=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^("0F M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-BPP-SDL-S`V M)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z,C8Q+C8U<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C M:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$.3,@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$ M=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XV-7!T.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[ M<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.G=H M:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@V,S(L,S0T*3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I M9'1H.C0N-C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H M=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U M=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8L,C`Y+#0V.29N8G-P.SPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H M.C0N-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z.#DN,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S M='EL93TS1&UA6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^4W1O8VMH;VQD97)S)B,Q-#8[($5Q M=6ET>2`H1&5F:6-I="DZ/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z.#DN,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET M93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D M:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$ M=VED=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z M-S`N,#5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^ M(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$=VED=&@Z-2XR<'0[ M8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M86QI9VXZ6QE/3-$=VED M=&@Z-S`N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S M='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR<'0[ M8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T M>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D M:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#0L,3$X)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,#5P M=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-2XR<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M3PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN M;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^3F]N+6-O;G1R M;VQL:6YG(&EN=&5R97-T/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG M;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N,G!T.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H M=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U M=&]S<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-S`N,#5P=#MB86-K9W)O M=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-2XR<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE M/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#DR+#,T,B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C@Y+C`U<'0[8F]R M9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B M;&%C:R`Q+C!P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP)SX@/'`@ M'0M875T M;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V,2XV-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG2`H9&5F:6-I="D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M)W=I9'1H.C@Y+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI M9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#8U-"PV,S0F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#8@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-C5P=#MB86-K9W)O=6YD.G=H:71E M.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB2`H1&5F:6-I="D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M86QI9VXZ6QE/3-$ M)W=I9'1H.C'0M875T;W-P86-E.FYO;F4^("0F(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@-BPP-36QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T M8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^/&(^0V]N9&5N6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C4N,G!T M.W!A9&1I;F6QE M/3-$)W=I9'1H.C(V-BXX-7!T.W!A9&1I;F6QE/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R M+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C!I;B`P:6X@,2XU M<'0@,&EN)SX@/'`@86QI9VX],T1C96YT97(@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C@Q+C1P=#MB;W)D M97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N,'!T.W!A9&1I M;F6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN M92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^061J=7-T;65N M=',@=&\@4F5S=&%T93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX] M,T1B;W1T;VT@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O M='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C`G/B`\<"!A;&EG;CTS M1&-E;G1E'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#L@,C0L.#8Y+#4Q."9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T;VT@'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[("0F(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@+29N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@ M6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,#5P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX M-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H M=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3$@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R M+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(T+#,V.2PY,30F;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8Q+#(V,29N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@ M6QE/3-$ M)W=I9'1H.CDN,S5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C`U<'0[ M8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M1W)O'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG M'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C8V+C@U M<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET M93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$L,3$S M+#4R-"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B M;W1T;VT@'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#8P+#DQ-"9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI M9VX],T1B;W1T;VT@6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M=VED=&@Z-C@N,#5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX-7!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN M;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN;VYE/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3$@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O M='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#4W,2PW.30F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,C5P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@R-3,L-3DY M*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I M9'1H.CDN,S5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R M9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$)W=I9'1H.C(V M-BXX-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^5&]T86P@;W!E6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M86QI M9VXZ6QE/3-$)W=I9'1H.C8X+C`U M<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I M;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I M9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C@Q M+C1P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED(&)L86-K(#$N M,'!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[("@Q.3(L-C@U*3PO<#X@/"]T9#X@/'1D('=I9'1H M/3-$-B!V86QI9VX],T1B;W1T;VT@6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[ M8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP)SX@/'`@'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$L-#DR+#8S M,R9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX],T1B;W1T M;VT@'0M875T;W-P86-E.FYO M;F4^3&]S6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$)W=I9'1H M.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[(#$S,2PT,C0F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C0N-7!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[("@Q+#`U-"PR.3`I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W M('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C)P=#MB86-K9W)O M=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE M+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$S,2PT,C0F;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-"XU M<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q+#$W-BPY.#DI/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1'=I9'1H.C4N M,G!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX-7!T.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M86QI9VXZ6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.CDN,S5P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B M;&%C:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^3F5T("AL M;W-S*2!I;F-O;64@871T6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N M9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I M9'1H.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN M(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C@Q M+C1P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.F1O=6)L92!B;&%C:R`R M+C(U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$)W=I M9'1H.C0N-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#L@*#8W-2PP,S8I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C)P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C8V+C@U<'0[8F%C:V=R M;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG M.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C M:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z.2XS M-7!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^3F5T(&QO6QE/3-$=VED=&@Z-2XR<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP(&%L:6=N/3-$'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[("0F(S$V,#LF(S$V,#L@*#$L,S`X+#0Q,RD\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB6QE M/3-$=VED=&@Z-"XU<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$)W=I9'1H.C(V-BXX-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^1F]R96EG;B!C M=7)R96YC>2!T6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE M:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@Q,BPU,#8I/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#HU+C(U<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$)W=I9'1H M.C4N,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N M-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$)W=I9'1H.CDN,S5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D M9&EN9SHP:6X@,&EN(#$N-7!T(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M86QI9VXZ6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M)W=I9'1H.B`T+C5P=#L@8F%C:V=R;W5N9#H@=VAI=&4[('!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#L@*#$L,3DQ M+#0W.2D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.B`U+C)P=#L@8F%C:V=R;W5N9#H@=VAI=&4[('!A M9&1I;F6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z.2XS-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^16%R;FEN9W,@*&QO M'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-"XU<'0[ M8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW M:&ET93MP861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C0N-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V M,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#L@*#`N,#(I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A M;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C)P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(V-BXX-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE M:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S<&%C93IN M;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3$@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.C8X+C`U<'0[8F]R9&5R.FYO;F4[8F]R M9&5R+6)O='1O;3ID;W5B;&4@8FQA8VL@,BXR-7!T.V)A8VMG6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H M.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^ M)B,Q-C`[("0F(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#LF(S$V,#L@*#`N M,#(I/"]P/B`\+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#HU+C)P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$8F]R9&5R+6-O;&QA<'-E.F-O;&QA M<'-E/B`\='(^(#QT9"!W:61T:#TS1#,X-"!V86QI9VX],T1B;W1T;VT@6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^/&(^0V]N9&5N'0M86QI9VXZ8V5N=&5R.VQI;F4M:&5I9VAT.FYO6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH96EG:'0Z;F]R;6%L M.W1E>'0M875T;W-P86-E.FYO;F4^07,@4')E=FEO=7-L>2!297!O6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O M='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MP861D:6YG.C!I;B`P:6X@,2XU<'0@ M,&EN)SX@/'`@86QI9VX],T1C96YT97(@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.W1E>'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97([;&EN92UH M96EG:'0Z;F]R;6%L.W1E>'0M875T;W-P86-E.FYO;F4^07,@4F5S=&%T960\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$)W=I9'1H.C4N,G!T.W!A9&1I;F6QE/3-$=VED=&@Z,C@W+CAP=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE:6=H=#IN;W)M M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR M-7!T.V)A8VMG6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.B-#0T5% M1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE M/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z M-C@N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T M.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED M=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC M0T-%149&.W!A9&1I;F'0M86QI9VXZ M6QE/3-$=VED=&@Z-C@N,35P=#MB M86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z M-2XR-7!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$ M=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\ M<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM M8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U M)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN M92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A M9&1I;F6QE/3-$=VED=&@Z,C@W+CAP=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE M+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG M6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH M96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB M6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$=VED=&@Z M-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP861D:6YG.C`^(#QP(&%L:6=N/3-$ M'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0Q."PY-38F;F)S<#L\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE M/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$=VED M=&@Z-C@N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG'!E M;G-E6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM M;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE+6AE M:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P86-E M.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z-2XR-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM M87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG M:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-C@N,35P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR-7!T.V)A M8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z,C@W+CAP=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F6%B;&4\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`^(#QP(&%L:6=N/3-$'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[(#DQ-2PU-S6QE/3-$=VED=&@Z-2XR-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.G=H M:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP M:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$=VED=&@Z-2XR M-7!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#@S M,2PU,#,F;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$=VED=&@Z-2XR<'0[8F%C:V=R;W5N9#IW:&ET93MP M861D:6YG.C`^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[ M;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^06-C'!E M;G-E6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML:6YE M+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M875T;W-P M86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#DU+#4P-29N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$-R!V86QI9VX] M,T1B;W1T;VT@'0M875T;W-P86-E.FYO M;F4^)FYB6QE/3-$)W=I9'1H.C4N M,C5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#$N-7!T M(#!I;B<^(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN M92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C$U M<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P M=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP)SX@/'`@'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#$V-"PU,#8F;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^3D54($-!4T@@4%)/ M5DE$140@0ED@*%53140@24XI($]015)!5$E.1R!!0U1)5DE42453/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W M:61T:#HU+C)P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H=#ML M:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#IW:&ET93MT97AT+6%U=&]S M<&%C93IN;VYE/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3$@=F%L M:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R.FYO M;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K9W)O=6YD M.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO M;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(P-RPS,C`F;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I M9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R M9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB86-K M9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P M86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("@U+#DQ-2DF M;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#<@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I M;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H M.C8X+C$U<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C M:R`Q+C!P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE M/3-$=VED=&@Z,C@W+CAP=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP M/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM M87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L M.V)A8VMG6QE/3-$=VED=&@Z-C@N,35P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN M9SHP/B`\<"!S='EL93TS1&UA6QE/3-$=VED=&@Z-2XR-7!T.V)A M8VMG6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R M;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P M+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM M8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z M;F]R;6%L.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C(X-RXX<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE/3-$ M)W=I9'1H.C4N,G!T.V)A8VMG'0M875T M;W-P86-E.FYO;F4^)FYB6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$ M)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C8X+C$U<'0[ M8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O;3IS;VQI9"!B;&%C:R`Q+C!P=#MB M86-K9W)O=6YD.G=H:71E.W!A9&1I;F'0M875T M;W-P86-E.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4L.3$U/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0W('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#HU+C(U<'0[8F%C M:V=R;W5N9#IW:&ET93MP861D:6YG.C!I;B`P:6X@,2XU<'0@,&EN)SX@/'`@ M6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G M:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG M:'0Z;F]R;6%L.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F M=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C4N,G!T.V)A8VMG6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG'0M M875T;W-P86-E.FYO;F4^3D54($E.0U)%05-%)FYB6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P M=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T M=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIR:6=H M=#ML:6YE+6AE:6=H=#IN;W)M86P[8F%C:V=R;W5N9#HC0T-%149&.W1E>'0M M875T;W-P86-E.FYO;F4^)FYB6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K9W)O=6YD M.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM M87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH M96EG:'0Z;F]R;6%L.V)A8VMG6QE/3-$)W=I9'1H.C8X+C$U<'0[8F]R9&5R.FYO;F4[ M8F]R9&5R+6)O='1O;3ID;W5B;&4@8FQA8VL@,BXR-7!T.V)A8VMG'0M875T;W-P86-E M.FYO;F4^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[("TF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#<@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.C4N,C5P=#MB86-K M9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP:6X@,&EN(#,N,'!T(#!I;B<^(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C$P+C!P=#MM87)G:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z M,3$U)3MM87)G:6XM8F]T=&]M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M;&EN92UH96EG:'0Z;F]R;6%L.V)A8VMG'0M875T;W-P M86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C$P+C!P=#MM87)G M:6XM;&5F=#HP:6X[;&EN92UH96EG:'0Z,3$U)3MM87)G:6XM8F]T=&]M.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[;&EN92UH96EG:'0Z;F]R;6%L.V)A M8VMG6QE M/3-$)W=I9'1H.C4N,G!T.V)A8VMG'0M875T;W-P86-E.FYO;F4^)FYB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M2!O M9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S("A$971A:6QS*2`H M55-$("0I/&)R/CPO'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$&EM871E($YE="!L;W-S97,\+W1D M/@T*("`@("`@("`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`@("`@("`@ M/'1D(&-L87-S/3-$;G5M<#XD(#4W+#@W,3QS<&%N/CPO3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S M.B!!9'9A;F-E'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'!E;G-E/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU."PS.#,\'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2!A;F0@17%U:7!M96YT.B!38VAE M9'5L92!O9B!02!A;F0@97%U:7!M96YT("A$971A:6QS*2`H55-$ M("0I/&)R/CPO3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'!E;G-E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W M86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA&5R8VES M92!0'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U M7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X M+U=O'0O M:'1M;#L@8VAA2!47!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA69O69O7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA"!A;F0@;F]N+6-O;G1R;VQL:6YG(&EN=&5R97-T("T@55,\ M+W1D/@T*("`@("`@("`\=&0@8VQA"!A;F0@;F]N+6-O;G1R;VQL:6YG(&EN=&5R97-T/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M/B0@*#@S-BPV-C`I/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A M,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U M-&4X-3,X+U=O'0O:'1M;#L@8VAA&5S("T@4%)# M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#$W+#8W,#QS<&%N M/CPO3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C.&9?83=A85]E,S(V,S4T M93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,F(V-C4Q83%? M9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M&5S.B!38VAE9'5L92!O9B!);F-O;64@=&%X M('!R;W9I"!R871E(&EN(&5X8V5S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA"!!69O7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A2P@1G5J:6%N(%!R;W9I M;F-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#$L-S$S/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S2!.;W1E('=I=&@@2&%N;W9E'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2`H9&5F:6-I="D@+2!297-T871E9#PO=&0^#0H@("`@("`@(#QT9"!C M;&%S2`H1&5F:6-I="D@+2!297-T871E9#PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'!E;G-E6%B;&4@+2!T'!E;G-E2`M(%)E3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\R8C8V-3%A,5]D-6,U7S1C M.&9?83=A85]E,S(V,S4T93@U,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,F(V-C4Q83%?9#5C-5\T8SAF7V$W86%?93,R-C,U-&4X-3,X+U=O M'0O:'1M M;#L@8VAA'!E;G-E("T@4F5S=&%T960\+W1D/@T*("`@("`@("`\=&0@8VQA2!T'!E;G-E("T@4F5S=&%T960\+W1D/@T*("`@("`@("`\=&0@8VQA2!T'!E;G-E("T@4F5S=&%T M960\+W1D/@T*("`@("`@("`\=&0@8VQA2!T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!297!O'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'!E;G-E6%B;&4@+2!297-T871E M9#PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E M'1087)T7S)B-C8U C,6$Q7V0U8S5?-&,X9E]A-V%A7V4S,C8S-31E.#4S."TM#0H` ` end XML 46 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Components of the provision for income taxes (Tables)
 12 Months Ended
Dec. 31, 2012
Components of the provision for income taxes:  
Components of the provision for income taxes

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

US Operations

 

   $                    -

 

 

   $                    -

 

Chinese Operations

 

                         -

 

 

              17,670

 

 Provision for Income Taxes

 

   $                    -

 

 

   $         17,670

 

XML 47 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Revenue Recognition (Policies)
 12 Months Ended
Dec. 31, 2012
Revenue Recognition:  
Revenue Recognition

Revenue Recognition

 

We provide freight forwarding services generally under contract with our customers.  Our business model involves placing our customers’ freight on prearranged contracted transport.  Our revenue recognition policy is in accordance with the guidance of FASBASC 605, “Revenue Recognition.”  In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.

Our revenue recognition is typically determined by our shipment/payment terms as follows:

 

 

-

 

When merchandise departs the shipper’s location when the trade pricing terms are CIF (cost, insurance and freight),

 

-

 

When merchandise departs the shipper’s location when the trade pricing terms are CFR (cost and freight), or

 

-

 

When the merchandise arrives at the destination port if the trade pricing terms are FOB (free on board) destination.

 

The Company recognizes direct shipping costs concurrently with the recognition of the related revenue for each shipment.  These costs are generally isolated by billings as the Company does not own the shipping containers or transportation vessels.
XML 48 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Policies)
 12 Months Ended
Dec. 31, 2012
Concentration of Credit Risk:  
Concentration of Credit Risk

Concentration of Credit Risk

 

The Company's operations are carried out in the People’s Republic of China (“PRC”). Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

 

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and accounts receivable. We deposit our cash with high credit quality financial institutions in the United States and the PRC. At December 31, 2012, we had deposits of $2,414,544 in banks in the PRC.  In the PRC, there is no federal deposit insurance as in the United States; as such these amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through December 31, 2012.
XML 49 R56.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Advances from customers $ 302,042 $ 485,102
XML 50 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Schedule of Income tax provision (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Income tax provision:  
Schedule of Income tax provision

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

Income tax provision (benefit) at Federal statutory rate of 34%

 

   $    (285,000)

 

 

   $    (394,000)

 

State income taxes, net of Federal Benefit

 

           (33,000)

 

 

           (46,000)

 

U.S. tax rate in excess of PRC statutory rate of 25%

 

             94,000 

 

 

           131,000 

 

(Decrease) Increase in valuation allowance 

 

           224,000 

 

 

           326,000 

 

Tax provision (benefit)

 

   $                   - 

 

 

   $        17,000 

 

XML 51 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Comprehensive Income (Policies)
 12 Months Ended
Dec. 31, 2012
Comprehensive Income:  
Comprehensive Income

Comprehensive Income

 

We follow ASC 220, “Comprehensive Income” to recognize the elements of comprehensive income (loss). Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.  Our comprehensive income (loss) for 2012 and 2011 included net loss and foreign currency translation adjustments.
XML 52 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Non-controlling Interest (Policies)
 12 Months Ended
Dec. 31, 2012
Non-controlling Interest:  
Non-controlling Interest

Non-controlling Interest

 

 Non-controlling interests in our subsidiary are recorded as a component of our equity, separate from the parent’s equity.  Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions.  Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and upon loss of control the interest sold, as well as the interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
XML 53 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Other Receivables
 12 Months Ended
Dec. 31, 2012
Note 3 - Other Receivables:  
Note 3 - Other Receivables

NOTE 3 - OTHER RECEIVABLES

 

Other receivables are comprised of advances to other entities with which we have a strategic or other business relationship, a refundable deposit we made as required by a Chinese court in connection with a lawsuit we filed against our former customer for amounts owed to us, and deferred expenses.  The amounts advanced to our strategic partners are unsecured, payable on demand, and bear no interest.  We also advance money to employees for business trips which are then subsequently expensed upon processing of an expense report.  The components of other receivables at December 31, 2012 and 2011 were as follows:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

 

 

 

 

 

 

 

Advances receivable

 

   $      270,780

 

 

   $      427,590

 

Legal deposit

 

                         -

 

 

              31,488

 

Deferred expense

 

              58,383

 

 

              51,331

 

Other

 

              19,930

 

 

              72,599

 

  Other Receivables

 

   $      349,093

 

 

   $      583,008

 

XML 54 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Income Taxes (Policies)
 12 Months Ended
Dec. 31, 2012
Income Taxes:  
Income Taxes

Income Taxes

 

 We account for income taxes in accordance with ASC 740, “Income Taxes.”  ASC 740 requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in our financial statements or tax returns.  Measurement of the deferred items is based on enacted tax laws.  In the event the future consequences of differences between the financial reporting and tax basis of our assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability that we will generate sufficient taxable income to be able to realize the future benefits indicated by the deferred tax assets.  A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or the entire deferred tax asset will not be realized.  
XML 55 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions: Schedule of Due from related parties (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Due from related parties:  
Schedule of Due from related parties

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Due from Shandong Huibo Import & Export Co., Ltd.

 

   $                    -

 

 

   $      365,918

 

Due from Tianjin Sincere Logistics Co., Ltd

 

                         -

 

 

            199,240

 

Due to Langyunbu

 

                         -

 

 

              65,307

 

 Due from related parties

 

   $                    -

 

 

   $      630,465

 

XML 56 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Details)
Dec. 31, 2012
Dec. 31, 2011
Period end RMB: U.S. dollar exchange rate 6.3011 6.3523
Average fiscal-year-to-date RMB: U.S. dollar exchange rate 6.3034 6.4544
XML 57 R72.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Foreign Operations: Schedule of information by regions (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Sales Revenue - PRC $ 23,133,394 $ 24,869,518
Assets - PRC 4,172,009 6,057,449
Sales Revenue - Total 23,133,394 24,869,518
Assets - Total 4,172,009 6,079,706
Assets - US   $ 22,257
XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 2,414,507 $ 1,396,896
Note receivable 7,935  
Accounts receivable, net of allowance of $3,818,209 and $2,884,655 at December 31,2012 and 2011, respectively 1,277,741 3,407,307
Other Receivables 349,093 583,008
Advance to vendors and other prepaid expenses 57,869 24,356
Due from related parties 0 630,465
Total current assets 4,107,145 6,042,032
Property and equipment, net 64,862 37,674
Total assets 4,172,007 6,079,706
Current liabilities:    
Accounts payable - trade 2,636,667 3,100,660
Accrued expenses and other current liabilities 423,241 630,353
Advances from customers 302,042 485,102
Due to related parties 1,050,937 1,350,743
Foreign tax payable 357 10,267
Total current liabilities 4,413,244 5,577,125
Shareholers' equity (deficit):    
Preferred stock - $0.001 par value, 450,000 shares authorized Series B convertible issued and outstanding at December 31, 2012 and 2011, respectively 450 450
Common stock, $0.001 par value, 500,000,000 shares authorized; 41,508,203 shares issued and outstanding at December 31, 2012 and 2011 41,508 41,508
Additional paid-in capital 20,636,980 20,636,980
Accumulated deficit (20,247,282) (19,763,182)
Accumulated other comprehensive loss (94,549) (141,899)
Total China Logistics Group, Inc. shareholders' equity 337,107 773,857
Noncontrolling interest (578,344) (271,276)
Total shareholders' equity (deficit) (241,237) 502,581
Total liabilities and shareholders' equity (deficit) $ 4,172,007 $ 6,079,706
XML 59 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Deferred Tax Assets and Liabilities:  
Schedule of Deferred Tax Assets and Liabilities

 

 

 

December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

Federal net operating loss carryforward

 

  $        894,000 

 

 

  $        855,000 

 

State net operating loss carryforward

 

            105,000 

 

 

            101,000 

 

PRC net operating loss carryforward

 

            437,000 

 

 

            256,000 

 

 

 

         1,436,000 

 

 

         1,212,000 

 

Valuation allowance

 

       (1,436,000)

 

 

       (1,212,000)

 

 

 

  $                      - 

 

 

  $                      - 

 

XML 60 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Summary of Business and Organization
 12 Months Ended
Dec. 31, 2012
Note 1 - Summary of Business and Organization:  
Note 1 - Summary of Business and Organization

NOTE 1 – SUMMARY OF BUSINESS AND ORGANIZATION

 

History of Company

 

China Logistics Group, Inc. (“we”, “us”, “our” or the “Company”) is a Florida corporation and was incorporated on March 19, 1999 under the name of ValuSALES.com, Inc. We changed our name to Video Without Boundaries, Inc. on November 16, 2001. On August 31, 2006 we changed our name from Video Without Boundaries, Inc. to MediaREADY, Inc. and on February 14, 2008, we changed our name from MediaREADY, Inc. to China Logistics Group, Inc.

 

On December 31, 2007, we entered into an acquisition agreement with Shandong Jiajia International Freight and Forwarding Co., Ltd. (“Shandong Jiajia”) and its sole shareholders Messrs. Hui Liu and Wei Chen, through which we acquired a 51% interest in Shandong Jiajia. The transaction was accounted for as a capital transaction, implemented through a reverse recapitalization.

 

Shandong Jiajia, formed in 1999 as a Chinese limited liability company, is an international freight forwarder and logistics management company and acts as an agent for international freight and shipping companies. Shandong Jiajia sells cargo space and arranges land, maritime, and air international transportation for clients seeking to import or export merchandise into or from China.  Shandong Jiajia has branches in Shanghai, Qingdao, Xiamen, Tianjin and Lianyungang with an additional sales office in Rizhao.
XML 61 R59.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Other Receivables: Schedule of Other receivables (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Advances receivable $ 270,780 $ 427,590
Legal deposit   31,488
Deferred expense 58,383 51,331
Other 19,930 72,599
Other Receivables $ 349,093 $ 583,008
XML 62 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Potential Dilutive Shares:  
Schedule of Potential Dilutive Shares

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Warrants

 

      31,558,500

 

 

      31,558,500

 

Series B convertible preferred stock

 

        4,500,000

 

 

        4,500,000

 

Total

 

      36,058,500

 

 

      36,058,500

 
XML 63 R65.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Due from related parties $ 0 $ 630,465
XML 64 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Policies)
 12 Months Ended
Dec. 31, 2012
Accounts Receivable:  
Accounts Receivable

Accounts Receivable

 

 Accounts receivable are presented net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, a customer’s historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection. The allowance for doubtful accounts totaled $3,818,209 and $2,884,655 at December 31, 2012 and 2011, respectively.
XML 65 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Other Receivables: Schedule of Other receivables (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Other receivables:  
Schedule of Other receivables

 

 

 

December 31, 2012

 

 

December 31, 2011

 

 

 

 

 

 

 

 

Advances receivable

 

   $      270,780

 

 

   $      427,590

 

Legal deposit

 

                         -

 

 

              31,488

 

Deferred expense

 

              58,383

 

 

              51,331

 

Other

 

              19,930

 

 

              72,599

 

  Other Receivables

 

   $      349,093

 

 

   $      583,008

 

XML 66 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Property and Equipment and Long-lived Assets (Policies)
 12 Months Ended
Dec. 31, 2012
Property and Equipment and Long-lived Assets:  
Property and Equipment and Long-lived Assets

Property and Equipment and Long-Lived assets

 

Property and equipment are recorded at cost.  Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred.  Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.  Leasehold improvements, if any, are amortized on a straight-line basis over the shorter of the lease period or the estimated useful life.  

 

We periodically evaluate the carrying value of long-lived assets to be held and used in the business, generally in conjunction with the annual business planning cycle, and when events and circumstances otherwise warrant. If the carrying value of a long-lived asset is considered impaired, a loss is recognized based on the amount by which the carrying value exceeds the fair value for assets to be held and used. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risks involved. There was no impairment recognized during the years ended December 31, 2012 and 2011.
XML 67 R68.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Details) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Loss before income tax and non-controlling interest - US $ (117,149) $ (152,594)
Loss before income tax and non-controlling interest - PRC (719,511) (1,006,725)
Loss before income tax and non-controlling interest $ (836,660) $ (1,159,319)
XML 68 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 69 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2012
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies:  
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies

NOTE 2 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Going Concern

 

                The accompanying consolidated financial statements have been prepared on a going concern basis. The Company has an accumulated deficit of approximately $20,247,000 and a negative working capital at December 31, 2012 of approximately $306,000. The Company has incurred net losses of approximately $837,000 and $1,177,000 for the years ended December 31, 2012 and 2011, respectively. The Company’s ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and to obtain any necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The outcome of these matters cannot be predicted at this time.

 

                These matters raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern.

 

Basis of Presentation

 

The accompanying consolidated financial statements for the year ended December 31, 2012 and 2011 have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements include our accounts and those of our 51% owned subsidiary, Shandong Jiajia. All inter-company transactions and balances have been eliminated in consolidation.

 

Fair Value of Financial Instruments

 

We adopted the guidance of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 

Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

 

Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

 

Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.

 

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.

 

ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.

 

Use of Estimates

 

 The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reported periods.

 

Significant estimates for the periods reported include the allowance for doubtful accounts, which is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers, knowledge of our industry segment in Asia, and historical bad debt experience.  This evaluation methodology has provided a reasonable estimate of bad debt expense in the past and we intend to continue to employ this approach in our analysis of collectability.  However, we are aware that given the varying recovery levels of our customers from the recent global economic situation meaningful time horizons may change.    Assumptions and estimates employed in these areas can be material to our reported financial condition and results of operations.  Actual results could differ from these estimates. Significant estimates for the years ended December 31, 2012 and 2011 include the allowance for doubtful accounts on accounts receivable, the useful life of property and equipment, and assumptions used in assessing impairment of long-term assets.

 

Foreign Currency Translation

 

The accompanying consolidated financial statements are presented in United States dollars. The functional currency of Shandong Jiajia is the Renminbi (“RMB”), the official currency of the PRC.  In accordance with ASC 830-20-35, assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange rate prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the period to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial statements. Gains and losses resulting from the translation of local currency financial statements into U.S. dollars are reflected in other comprehensive income in the consolidated statements of operations and comprehensive income (loss).

 

RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place through PRC authorized institutions.  Translation of amounts from RMB into United States dollars (“US$”) has been made at the following exchange rates for the respective periods:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Period end RMB: U.S. dollar exchange rate

 

              6.3011

 

 

              6.3523

 

Average fiscal-year-to-date RMB: U.S. dollar exchange rate

 

              6.3034

 

 

              6.4544

 

 

Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

 

Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.

 

Cash and Cash Equivalents

 

For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying value of these instruments approximates fair value.

 

Accounts Receivable

 

 Accounts receivable are presented net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, a customer’s historical payment history, its current credit-worthiness and current economic trends. Accounts are written off after exhaustive efforts at collection. The allowance for doubtful accounts totaled $3,818,209 and $2,884,655 at December 31, 2012 and 2011, respectively.

 

Advances to Vendors and Other Current Assets

 

Advances to vendors and other current assets consist primarily of prepayments or deposits from us for contracted shipping arrangements that have not been utilized by our customers.  These amounts are recognized as cost of revenues as shipments are completed and customers utilize the shipping arrangement.  Advances to vendors totaled $57,871 and $24,356 at December 31, 2012 and 2011, respectively.

 

Property and Equipment and Long-Lived assets

 

Property and equipment are recorded at cost.  Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred.  Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.  Leasehold improvements, if any, are amortized on a straight-line basis over the shorter of the lease period or the estimated useful life.  

 

We periodically evaluate the carrying value of long-lived assets to be held and used in the business, generally in conjunction with the annual business planning cycle, and when events and circumstances otherwise warrant. If the carrying value of a long-lived asset is considered impaired, a loss is recognized based on the amount by which the carrying value exceeds the fair value for assets to be held and used. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risks involved. There was no impairment recognized during the years ended December 31, 2012 and 2011.

 

Advances from Customers

 

Advances from customers consist of prepayments to us for contracted cargo that has not yet been shipped to the recipient and for other advance deposits. These amounts are recognized as revenue as shipments are completed and customers take delivery of goods, in compliance with the related contract and our revenue recognition policy. Advances from customers totaled $302,042 and $485,102 at December 31, 2012 and 2011, respectively.

 

Stock Based Compensation

 

We account for equity-based compensation issued to employees by measuring the grant-date fair value of the securities issued to employees and recognize the associated compensation cost in the consolidated financial statements over the period during which the employees are required to provide services.

 

Basic and Diluted Loss per Share

 

Pursuant to ASC Subtopic 260-10-45, basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. Potentially dilutive common shares consist of common stock issuable for stock warrants, and shares issuable upon conversion of Series B convertible preferred stock. These common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Warrants

 

      31,558,500

 

 

      31,558,500

 

Series B convertible preferred stock

 

        4,500,000

 

 

        4,500,000

 

Total

 

      36,058,500

 

 

      36,058,500

 

 

Concentration of Credit Risk

 

The Company's operations are carried out in the People’s Republic of China (“PRC”). Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

 

Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and accounts receivable. We deposit our cash with high credit quality financial institutions in the United States and the PRC. At December 31, 2012, we had deposits of $2,414,544 in banks in the PRC.  In the PRC, there is no federal deposit insurance as in the United States; as such these amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through December 31, 2012.

 

Revenue Recognition

 

We provide freight forwarding services generally under contract with our customers.  Our business model involves placing our customers’ freight on prearranged contracted transport.  Our revenue recognition policy is in accordance with the guidance of FASBASC 605, “Revenue Recognition.”  In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured.

Our revenue recognition is typically determined by our shipment/payment terms as follows:

 

 

-

 

When merchandise departs the shipper’s location when the trade pricing terms are CIF (cost, insurance and freight),

 

-

 

When merchandise departs the shipper’s location when the trade pricing terms are CFR (cost and freight), or

 

-

 

When the merchandise arrives at the destination port if the trade pricing terms are FOB (free on board) destination.

 

The Company recognizes direct shipping costs concurrently with the recognition of the related revenue for each shipment.  These costs are generally isolated by billings as the Company does not own the shipping containers or transportation vessels.

 

Comprehensive Income

 

We follow ASC 220, “Comprehensive Income” to recognize the elements of comprehensive income (loss). Comprehensive income (loss) is comprised of net income (loss) and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders.  Our comprehensive income (loss) for 2012 and 2011 included net loss and foreign currency translation adjustments.

 

Non-controlling Interest

 

 Non-controlling interests in our subsidiary are recorded as a component of our equity, separate from the parent’s equity.  Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions.  Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and upon loss of control the interest sold, as well as the interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.

 

Income Taxes

 

 We account for income taxes in accordance with ASC 740, “Income Taxes.”  ASC 740 requires the recognition of deferred tax assets and liabilities to reflect the future tax consequences of events that have been recognized in our financial statements or tax returns.  Measurement of the deferred items is based on enacted tax laws.  In the event the future consequences of differences between the financial reporting and tax basis of our assets and liabilities result in a deferred tax asset, ASC 740 requires an evaluation of the probability that we will generate sufficient taxable income to be able to realize the future benefits indicated by the deferred tax assets.  A valuation allowance related to a deferred tax asset is recorded when it is more likely than not that some or the entire deferred tax asset will not be realized.  

 

Recent Accounting Pronouncements

 

In December 2011, the FASB issued Accounting Standard Update (“ASU”) 2011-11, “Balance Sheet (Topic 210)”. The objective of this Update is to provide enhanced disclosures that will enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position. This includes the effect or potential effect of rights of setoff associated with an entity’s recognized assets and recognized liabilities within the scope of this Update. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 will not have a material effect on the Company’s financial statements.

 

A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies.  Due to the tentative and preliminary nature of those proposed standards, the Company’s management has not determined whether implementation of such proposed standards would be material to its consolidated financial statements.

 
XML 70 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues:    
Sales $ 23,133,394 $ 24,869,518
Cost of sales 21,914,116 24,431,175
Gross profit 1,219,278 438,343
Operating expenses:    
Selling, general and administrative 1,131,035 1,174,438
Bad debt expenses -related party 318,487  
Bad debt expenses 580,500 318,195
Total operating expenses 2,030,022 1,492,633
(Loss) Income from operations (810,744) (1,054,290)
Other income (expenses):    
Other income (expense) (30,467) (104,467)
Interest (expense)income 4,551 (562)
Total other income (expenses) (25,916) (105,029)
(Loss) Income before income taxes (836,660) (1,159,319)
Provision for income taxes   17,670
Net (Loss) Income (836,660) (1,176,989)
Less: Net income attributable to the noncontrolling interest (352,560) (501,953)
Net income (loss) attributable to China Logistics Group, Inc. (484,100) (675,036)
Comprehensive income:    
Net (Loss) Income (836,660) (1,176,989)
Foreign currency translation adjustment 47,350 (14,490)
Comprehensive income (789,310) (1,191,479)
Less: Net income attributable to the noncontrolling interest (352,560) (501,953)
Comprehensive income attributable to China Logistic Group, Inc. $ (436,750) $ (689,526)
Earnings Per Share    
Earnings Per Share - Basic $ (0.01) $ (0.02)
Earnings Per Share - Diluted $ (0.01) $ (0.02)
Weighted average number of shares outstanding:    
Weighted average number of shares outstanding - Basic 41,508,203 41,508,203
Weighted average number of shares outstanding - Diluted 41,508,203 41,508,203
XML 71 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement
 12 Months Ended
Dec. 31, 2012
Note 12 - Restatement:  
Note 12 - Restatement

NOTE 12 – RESTATEMENT

 

The Company’s consolidated financial statements have been restated as of December 31, 2011 and for the year ended December 31, 2011. On May 7, 2013, we determined that we incorrectly understated accounts receivable, net, advances to suppliers and accounts payable and accrued expenses and overstated beginning accumulated deficit. These restatements were caused by errors that occurred in the consolidation process and related to adjustments made to convert PRC GAAP financial statements to U.S. GAAP. Accordingly, the Company’s consolidated balance sheet at December 31, 2011 and the statement of operations and comprehensive income (loss), statement of changes in stockholders’ equity (deficit), and statement of cash flows for the year ended December 31, 2011 has been restated herein. The effect of correcting these errors in the Company’s consolidated financial statements is shown in the tables as follows:

 

Condensed consolidated Balance Sheet:

 

December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

 

As Restated

 

Accounts receivable, net

 

           3,393,631 

 

 

                       13,676 

 

 

 

          3,407,307 

 

Other receivables, net

 

              598,750 

 

 

                     (15,742)

 

 

 

             583,008 

 

Advance to vendors and other prepaid expenses

 

                            - 

 

 

                       24,356 

 

 

 

                24,356 

 

Total current assets

 

           6,019,742 

 

 

                       22,290 

 

 

 

          6,042,032 

 

Total Assets

 

$        6,057,416 

 

 

   $                 22,290 

 

 

 

$       6,079,706 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable - trade

 

           3,574,287 

 

 

                   (473,627)

 

 

 

          3,100,660 

 

Accrued expenses and other current liabilities

 

              789,070 

 

 

                   (158,717)

 

 

 

             630,353 

 

Total Current Liabilities

 

           6,209,469 

 

 

                   (632,344)

 

 

 

          5,577,125 

 

Total Liabilities

 

           6,209,469 

 

 

                   (632,344)

 

 

 

          5,577,125 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ Equity (Deficit):

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

       (20,218,197)

 

 

                       37,178 

 

 

 

 

 

 

 

 

 

 

                    417,837 

 

 

 

      (19,763,182)

 

Accumulated other comprehensive loss

 

             (144,033)

 

 

                       (1,984)

 

 

 

 

 

 

 

 

 

 

                         4,118 

 

 

 

            (141,899)

 

Total China Logistics Group, Inc. shareholders' equity

 

              316,708 

 

 

                    457,149 

 

 

 

             773,857 

 

Non-controlling interest

 

             (468,761)

 

 

                       92,342 

 

 

 

            (271,276)

 

 

 

 

 

 

                    105,143 

 

 

 

 

 

 Total shareholders' equity (deficit)

 

             (152,053)

 

 

                    654,634 

 

 

 

             502,581 

 

Total Liabilities and Stockholders’ Equity (Deficit)

 

$        6,057,416 

 

 

   $                 22,290 

 

 

 

$       6,079,706 

 

 

 

 

(a)

To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses in 2011

(b)

To adjust for the overstatement of accounts payable and accrued expenses and understatement of allowance for doubtful accounts related to 2009 and 2010.

 

  

Condensed Consolidated Statement of Operations and Comprehensive Income (Loss):

 

For the Year ended December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

 

As Restated

 

Sales

 

  $   24,869,518 

 

 

   $                         - 

 

 

 

  $   24,869,518 

 

Cost of sales

 

       24,369,914 

 

 

                   61,261 

 

 

 

       24,431,175 

 

Gross profit

 

            499,604 

 

 

                  (61,261)

 

 

 

            438,343 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative

 

         1,113,524 

 

 

                   60,914 

 

 

 

         1,174,438 

 

Bad debt expense

 

            571,794 

 

 

               (253,599)

 

 

 

            318,195 

 

Total operating expense

 

         1,685,318 

 

 

               (192,685)

 

 

 

         1,492,633 

 

Loss from operations

 

       (1,185,714)

 

 

                 131,424 

 

 

 

       (1,054,290)

 

Net loss

 

       (1,308,413)

 

 

                 131,424 

 

 

 

       (1,176,989)

 

Less: net loss attributable to the non-controlling interest

 

            596,199 

 

 

                  (94,246)

 

 

 

            501,953 

 

Net (loss) income attributable to China Logistics Group, Inc.

 

  $       (712,214)

 

 

   $              37,178 

 

 

 

  $       (675,036)

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive Income (Loss):

 

 

 

 

 

 

 

 

 

 

Net loss

 

  $   (1,308,413)

 

 

   $            131,424 

 

 

 

  $   (1,176,989)

 

Foreign currency translation (loss) gain

 

             (12,506)

 

 

                   (1,984) 

 

 

 

             (14,490)

 

Comprehensive Loss

 

  $   (1,320,919)

 

 

   $            129,440 

 

 

 

  $   (1,191,479)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

  Basic

 

  $              (0.02)

 

 

   $                         - 

 

 

 

  $              (0.02)

 

  Diluted

 

  $              (0.02)

 

 

   $                         - 

 

 

 

  $              (0.02)

 

 

(a)

 To adjust for the understatementof accounts receivable, net, advances to suppliers and accounts payable and accrued expenses

 

 

 

Condensed Consolidated Statement of Cash Flows:

 

For the Year ended December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

As Restated

 

Net Loss

 

  $   (1,308,413)

 

 

   $      131,424 

 

 

  $   (1,176,989)

 

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

 

 

 

 

 

 

 

 

 

  Bad debt

 

             (42,625)

 

 

           298,337 

 

 

            255,712 

 

Increase (decrease) in cash attributable to changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

Accounts receivable:

 

           (246,478)

 

 

         (411,989)

 

 

           (658,467)

 

  Other receivables

 

            418,956 

 

 

             15,742 

 

 

            434,698 

 

Advance to vendors and other prepaid expenses

 

            347,409 

 

 

            (24,356)

 

 

            323,053 

 

Accounts payable

 

            915,577 

 

 

            (84,074)

 

 

            831,503 

 

Accrued expenses and other current liabilities

 

               95,505 

 

 

             69,001 

 

 

            164,506 

 

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

 

            207,320 

 

 

             (5,915) 

 

 

            201,405 

 

 

 

 

 

 

 

 

 

 

 

EFFECT OF EXCHANGE RATE ON CASH

 

             (24,520)

 

 

                 5,915

 

 

             (18,605)

 

NET INCREASE IN CASH

 

               87,048 

 

 

                         - 

 

 

               87,048 

 

 
XML 72 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information (USD $)
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Apr. 09, 2013
Jun. 30, 2012
Document and Entity Information        
Entity Registrant Name China Logistics Group Inc China Logistics Group Inc    
Document Type 10-Q 10-K    
Document Period End Date Dec. 31, 2012 Dec. 31, 2012    
Amendment Flag false false    
Entity Central Index Key 0001123493 0001123493    
Current Fiscal Year End Date --12-31 --12-31    
Entity Common Stock, Shares Outstanding     58,429,090  
Entity Public Float       $ 415,082
Entity Filer Category Smaller Reporting Company Smaller Reporting Company    
Entity Current Reporting Status No No    
Entity Voluntary Filers No No    
Entity Well-known Seasoned Issuer No No    
Document Fiscal Year Focus 2012 2012    
Document Fiscal Period Focus Q4 FY    
XML 73 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
 12 Months Ended
Dec. 31, 2012
Fair Value of Financial Instruments:  
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

We adopted the guidance of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 

Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

 

Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

 

Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.

 

The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.

 

ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.
XML 74 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CHINA LOGISTIC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTOF STOCKHOLDERS' EQUITY (DEFICIT)AND COMPREHENSIVE INCOME (LOSS) (USD $)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficits
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Total
Balance at Dec. 31, 2010 $ 450 $ 41,508 $ 20,636,980 $ (19,088,146) $ (127,408) $ 244,596 $ 1,707,980
Net (Loss) Income       (675,036)   (501,953) (1,176,989)
Unrealized loss on foreign currency translation adjustment         (14,491) (13,919) (28,410)
Comprehensive income             (1,205,399)
Balance at Dec. 31, 2011 450 41,508 20,636,980 (19,763,182) (141,899) (271,276) 502,581
Net (Loss) Income       (484,100)   (352,560) (836,660)
Unrealized loss on foreign currency translation adjustment         47,350 45,492 92,842
Comprehensive income             (743,818)
Balance at Dec. 31, 2012 $ 450 $ 41,508 $ 20,636,980 $ (20,247,282) $ (94,549) $ (578,344) $ (241,237)
XML 75 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions
 12 Months Ended
Dec. 31, 2012
Note 7 - Related Party Transactions:  
Note 7 - Related Party Transactions

NOTE 7 – RELATED PARTY TRANSACTIONS

 

Due from related parties

 

At December 31, 2012 and 2011, due from related parties consisted of the following;

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Due from Shandong Huibo Import & Export Co., Ltd.

 

   $                    -

 

 

   $      365,918

 

Due from Tianjin Sincere Logistics Co., Ltd

 

                         -

 

 

            199,240

 

Due to Langyunbu

 

                         -

 

 

              65,307

 

 Due from related parties

 

   $                    -

 

 

   $      630,465

 

 

Due from related parties were $0 and $630,465 at December 31, 2012 and 2011, respectively.  Shandong Huibo Import & Export Co., Ltd. is a 24.3% shareholder in Shandong Jiajia. Tianjin Sincere Logistics Co., Ltd, and Lianyunbu are the entities affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia.

 

At December 31, 2012,Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia, owed us $0, net of repayments of $65,307 during 2012.

 

At December 31, 2012, Tianjin Sincere Logistics Co., Ltd., which is an entity affiliated with Bin Liu, the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd, owed us $0, net of repayments of $199,240 during 2012.

 

During the year ended December 31, 2012, the Company recorded bad debt expense of $318,487 for the balance of due from Shandong Huibo Import & Export Co., Ltd. (“Shandong Huibo”), a 24.3% shareholder in Shandong Jiajia. The Company collected $47,431 from Shandong Huibo during 2012. Shandong Huibo ceased the operation during April 2012and the advance to Shandong Huibo was deemed uncollectible.

 

From time to time, the Company advances funds to Langyubu, an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajiafor working capital purposes. These advanced bear no interest, are unsecured and due on demand.

 

Due to related parties

 

At December 31, 2012 and 2011, due to related parties consisted of the following:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Due to Xiangfen Chen

 

   $         72,509

 

 

   $         87,667

 

Due to Bin Liu

 

            194,949

 

 

            296,872

 

Due to Tianjin Sincere Logistics Co., Ltd.

 

            177,137

 

 

            561,062

 

Due to Shunbo International Freight Ltd.

 

                2,671

 

 

                         -

 

Due to Lianyunbu

 

            145,982

 

 

                         -

 

Due to Shang Jing

 

              47,611

 

 

                         -

 

Loans and interest due to CD International Enterprises, Inc.

 

            410,078

 

 

            405,142

 

 Due to related parties

 

   $   1,050,937

 

 

   $   1,350,743

 

 

-          Xiangfen Chen is the general manager of Shandong Jiajia Xiamen branch. Langyunbu, which is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shangdong Jiajia,

-          Shang Jing is the general manager of Shandong Jiajia Qingdao Branch.

-          Bin Liu is the general manager of Shandong Jiajia Tianjin branch. Mr. Liu is a 90% owner of Tianjin Sincere Logistics Co., Ltd.

-          Lianyunbu is an entity affiliated with Hui Liu, a member of our Board of Directors and Chief Executive Officer of Shandong Jiajia. These loans are unsecured, non-interest bearing and repayable on demand. Shandong Jiajia used the proceeds for general working capital purposes. 

-          Lianyungang Shunbo International Freight Ltd. is a company owned by Shunhua Jiang, the Spouse of Shouliu Tang, the general manager of Lianyungang branch

-          The amounts due to CD International Enterprises, Inc. as of December 31, 2012 was $410,078, which included $323,000 of working capital loans and $87,078 related to professional fees, primarily legal and accounting paid by CDI on our behalf. The proceeds from these promissory notes were used for working capital purposes. The notes accrue interest at 4% annually and were due at various dates in 2012. In 2013, CD International Enterprises, Inc. assigned certain loans and interest to third parties and these notes were exchanged for convertible notes pursuant to a securities purchase agreements (see Note 11 – Subsequent Events)

 
XML 76 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Stockholders' Equity
 12 Months Ended
Dec. 31, 2012
Note 6 - Stockholders' Equity:  
Note 6 - Stockholders' Equity

NOTE 6 – STOCKHOLDERS’ EQUITY

 

Preferred Stock

 

We have 10,000,000 shares of preferred stock, par value $.001, authorized, 1,000,000 of which we designated as our Series A Convertible Preferred Stock in December 2007 in connection with our acquisition of a 51% interest in Shandong Jiajia. On March 28, 2008 shareholders holding the Series A Convertible Preferred Stock converted their 1,000,000 shares into 2,500,000 shares of common stock, and no shares of Series A Convertible Preferred Stock were outstanding at December 31, 2012 and 2011.

 

In December 2007, we designated 1,295,000 shares of our preferred stock as Series B Convertible Preferred stock in connection with our acquisition of a 51% interest in Shandong Jiajia. Each share of Series B Convertible Preferred Stock is convertible into 10 shares of our common stock.  On March 28, 2008, holders of the Series B Convertible Preferred Stock converted 845,000 shares of the Series B Convertible Preferred Stock into 8,450,000 shares of common stock and 450,000 shares of Series B Convertible Preferred Stock held by CD International Enterprises, Inc. remained outstanding at December 31, 2012 and 2011. In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock.

 

Common Stock Purchase Warrants

 

                 A summary of our common stock purchase warrant activity during 2012 and 2011 is as follows:

 

 

 

Number of shares underlying

warrants

 

 

Weighted

average exercise price

 

 

Weighted average contractual life

 

Outstanding at December 31, 2010

 

     33,561,000 

 

 

   $             0.21

 

 

                   2.20

 

Granted

 

                         - 

 

 

                         -

 

 

                         -

 

Expired

 

      (2,002,500)

 

 

                         -

 

 

                         -

 

Outstanding at December 31, 2011

 

     31,558,500 

 

 

   $             0.20

 

 

                   1.33

 

Granted

 

                         - 

 

 

                         -

 

 

                         -

 

Exercised

 

                         - 

 

 

                         -

 

 

                         -

 

Outstanding at December 31, 2012

 

     31,558,500 

 

 

   $             0.20

 

 

                   0.33

 

 

The common stock purchase warrants outstanding at December 31, 2012 and 2011 include 31,558,500 warrants issued in connection with the 2008 Unit Offering.  These warrants are currently exercisable at $0.20 per share and expired on April 30, 2013.
XML 77 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Policies)
 12 Months Ended
Dec. 31, 2012
Advances To Vendors and Other Prepaid Expenses:  
Advances To Vendors and Other Prepaid Expenses

Advances to Vendors and Other Current Assets

 

Advances to vendors and other current assets consist primarily of prepayments or deposits from us for contracted shipping arrangements that have not been utilized by our customers.  These amounts are recognized as cost of revenues as shipments are completed and customers utilize the shipping arrangement.  Advances to vendors totaled $57,871 and $24,356 at December 31, 2012 and 2011, respectively.
XML 78 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates (Policies)
 12 Months Ended
Dec. 31, 2012
Use of Estimates:  
Use of Estimates

Use of Estimates

 

 The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenses during the reported periods.

 

Significant estimates for the periods reported include the allowance for doubtful accounts, which is based on an evaluation of our outstanding accounts receivable including the age of amounts due, the financial condition of our specific customers, knowledge of our industry segment in Asia, and historical bad debt experience.  This evaluation methodology has provided a reasonable estimate of bad debt expense in the past and we intend to continue to employ this approach in our analysis of collectability.  However, we are aware that given the varying recovery levels of our customers from the recent global economic situation meaningful time horizons may change.    Assumptions and estimates employed in these areas can be material to our reported financial condition and results of operations.  Actual results could differ from these estimates. Significant estimates for the years ended December 31, 2012 and 2011 include the allowance for doubtful accounts on accounts receivable, the useful life of property and equipment, and assumptions used in assessing impairment of long-term assets.
XML 79 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies
 12 Months Ended
Dec. 31, 2012
Note 10 - Commitments and Contingencies:  
Note 10 - Commitments and Contingencies

NOTE 10 – COMMITMENTS AND CONTINGENCIES

 

Rent expense from our office leases for 2012 and 2011 was $97,450 and $108,576, respectively.  We did not have any minimum, contingent, or sublease arrangements in these leases.  The table below reflects our minimum commitments for our various office leases in the U.S. and China for the years ended December 31, 2013 and thereafter:

 

Period

 

Total

 

Period ended December 31, 2013

 

   $         66,122

 

Thereafter

 

                9,521

 

 

 

   $         75,643

 

 

We lease approximately 7,008 square feet of office space from Mr. Chen, our Chairman and CEO, at 23F. Gutai Beach Building No. 969, Zhongshan Road (South), Shanghai, China 200011 which serves as our principal executive offices under a lease which expires on May 31, 2013.  Under the terms of this lease we pay Mr. Chen RMB 25,000 (approximately $3,966) per month in rent. We also pay a property management fee to an unrelated party of approximately RMB 11,719 (approximately $1,859) per month in connection with this lease. We plan on renewing the lease pursuant to the same term.

 

Previously, our China headquarters occupied approximately 2,368 square feet of leased office space in Qingdao, China, which was leased from an unrelated third party under a lease expiring on January 31, 2012 at an annual rental obligation of RMB 223,234 (approximately $33,823). In May 2012, we relocated our China headquarters office to 20 Hong Kong Zhong Road, Golden Plaza, North Mansion, Suite 607, Qingdao, China. The new headquarters occupies approximately 1,830 square feet which is leased from an unrelated third party under a lease expiring on May 9, 2014. The annual rent of first year is approximately $24,610 (RMB 155,124), including property management fee $12,305 (RMB77, 562). The annual rent for the second year is approximately $25,590 (RMB 161,328), including the management fee which is approximately $12,791 (RMB 80,664).

 

We also rent various office spaces throughout China as set forth in the following table. The U.S. dollar amounts have been estimated based on current exchange rates.

 

Location

 

Approximate Square Feet

 

Annual Rent

 

Expiration of Lease

Xiamen Branch, Xiamen City, Fujian Province (1)

 

                                1,026

 

$1,713(RMB 10,800)

 

December 31, 2013

Lianyuangang Branch, Lianyuangang City, Jiangsu Province (2)

 

                                1,184

 

$4,759(RMB 30,000)

 

March 14, 2014

Tianjin Branch, Tianjin City (3)

 

                                2,088

 

$15,611(RMB 98,400)

 

April 30, 2013

 

(1)           We lease the offices for our Xiamen Branch from Mr. Xiangfen Chen, its General Manager.

 

(2)           We lease the offices for our Lianyuangang Branch from an unrelated third party. This lease expired on March 15, 2013, and the annual rent is $4,759. The lease agreement has been renewed to March 14, 2014 with an annual rent of $4,759. The rental fee is paid monthly.

 

(3)           We lease the offices for our Tianjin Branch from Mr. Bin Liu, its General Manager. We plan on renewing the lease pursuant to the same terms.
XML 80 R60.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Property and Equipment: Schedule of Property and equipment (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Computer equipment $ 53,900 $ 54,045
Furniture and equipment 147,165 112,089
Less: accumulated depreciation (136,203) (128,460)
Property and equipment, net $ 64,862 $ 37,674
XML 81 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes
 12 Months Ended
Dec. 31, 2012
Note 8 - Income Taxes:  
Note 8 - Income Taxes

NOTE 8 – INCOME TAXES

 

The Company accounts for income taxes pursuant to the accounting standards that require the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards.  Additionally, the accounting standards require the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. Realization of deferred tax assets, including those related to the temporary differences from the deduction of depreciation and related expenses for income tax purposes as compared to financial statement purposes are dependent upon future earnings.

 

Effective January 1, 2008, the Company's subsidiaries in China are governed by the Enterprise Income Tax Law of the People’s Republic of China and local income tax laws (the "PRC Enterprise Income Tax Law"). Pursuant to the PRC Enterprise Income Tax Law, our Chinese subsidiary is considered a Resident Enterprise and is subject to tax at a statutory rate of approximately 25% for the calendar year ended December 31, 2012 and 2011.

 

The components of loss before income tax and non-controlling interest consist of the following:

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

US Operations

 

   $    (117,149)

 

 

  $      (152,594)

 

Chinese Operations

 

         (719,511)

 

 

       (1,006,725)

 

 Loss Before Income Tax and Non-controlling Interest

 

   $    (836,660)

 

 

  $   (1,159,319)

 

 

The components of the provision for income taxes are as follows:

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

US Operations

 

   $                    -

 

 

   $                    -

 

Chinese Operations

 

                         -

 

 

              17,670

 

 Provision for Income Taxes

 

   $                    -

 

 

   $         17,670

 

 

The table below summarizes the reconciliation of the Company’s income tax provision computed at the statutory U.S. Federal rate and the actual tax provision:

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

Income tax provision (benefit) at Federal statutory rate of 34%

 

   $    (285,000)

 

 

   $    (394,000)

 

State income taxes, net of Federal Benefit

 

           (33,000)

 

 

           (46,000)

 

U.S. tax rate in excess of PRC statutory rate of 25%

 

             94,000 

 

 

           131,000 

 

(Decrease) Increase in valuation allowance 

 

           224,000 

 

 

           326,000 

 

Tax provision (benefit)

 

   $                   - 

 

 

   $        17,000 

 

 

The Company has net operating loss (“NOL”) carryforwards for United States income tax purposes at December 31, 2012 of approximately $2,632,000, which expire through the year 2032. The utilization of the Company’s NOL’s may be limited in the event of a change in ownership as defined under Section 382 of the Internal Revenue Code. In addition to NOL’s for the Company’s US operations, the Company has NOL’s for their PRC operations totaling approximately $1,700,000 as of December 31, 2012 which will expire if not utilized by the Company within five years.

 

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company has recognized a valuation allowance for those deferred tax assets for which it is more likely than not that realization will not occur. The deferred tax assets of the Company’s U.S. parent, China Logistics Group, Inc., and its PRC subsidiary, are included below and have been fully reserved with a valuation allowance as management has concluded that it is more likely than not that it will fail to generate sufficient taxable income in the future to utilize these deferred tax assets.  In addition, management has determined that the acquisition of 51% of Shandong Jiajia may have limited the utilization of the Company’s NOL carryforward for U.S. Federal and State income tax purposes, due to a possible change in ownership as defined under Section 382 of Internal Revenue Code.

 

The Company’s deferred tax assets as of December 31, 2012 and 2011 are as follows:

 

 

 

December 31,

 

 

 

2012

 

 

2011

 

 

 

 

 

 

(As Restated)

 

Federal net operating loss carryforward

 

  $        894,000 

 

 

  $        855,000 

 

State net operating loss carryforward

 

            105,000 

 

 

            101,000 

 

PRC net operating loss carryforward

 

            437,000 

 

 

            256,000 

 

 

 

         1,436,000 

 

 

         1,212,000 

 

Valuation allowance

 

       (1,436,000)

 

 

       (1,212,000)

 

 

 

  $                      - 

 

 

  $                      - 

 

 

We periodically reassess the validity of our conclusions regarding uncertain income tax positions to determine if facts or circumstances have arisen that might cause us to change our judgment regarding the likelihood of a tax position’s sustainability under audit. The impact of this reassessment for the years ended December 31, 2012 and 2011 did not have any impact on our results of operations, financial conditions or liquidity.  We have concluded that we have not taken any uncertain tax positions on any of our open income tax returns that would materially distort our financial statements.
XML 82 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Foreign Operations
 12 Months Ended
Dec. 31, 2012
Note 9 - Foreign Operations:  
Note 9 - Foreign Operations

NOTE 9 – FOREIGN OPERATIONS

 

The table below presents information by regions for the years ended December 31, 2012 and 2011:

 

December 31, 2012

 

Sales

 

 

Assets

 

United States

 

   $                     -

 

 

   $                    -

 

PRC

 

      23,133,394

 

 

        4,172,009

 

 

 

   $ 23,133,394

 

 

   $   4,172,009

 

December 31, 2011 (As Restated)

 

 

 

 

 

 

United States

 

   $                     -

 

 

   $         22,257

 

PRC

 

      24,869,518

 

 

        6,057,449

 

 

 

   $ 24,869,518

 

 

   $   6,079,706

 

XML 83 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Subsequent Events
 12 Months Ended
Dec. 31, 2012
Note 11 - Subsequent Events:  
Note 11 - Subsequent Events

NOTE 11 – SUBSEQUENT EVENTS

 

On January 3, 2013, the Board of Directors of the Company issued 10,000,000 shares of its unregistered common stock, par value $0.001 per share to Mr. Wei Chen, the Company’s Chief Executive Officer. Of these shares, 5,000,000, valued at $15,000 as of the market price, were for Mr. Chen’s compensation as the Company’s CEO during its fiscal year 2012, and 5,000,000 are for his compensation as the Company’s CEO for services to be provided during its fiscal year 2013.

 

In February 2013, the Company issued 4,500,000 shares of its common stock in connection with the conversion of 450,000 shares of Series B Convertible Preferred Stock.

 

On February 5, 2013, the Company and Hanover Holding I, LLC (“Hanover”) entered into a Securities Purchase Agreement, providing for the issuance of the 12% Convertible Promissory Note in the principal amount of $27,000. The 12% convertible promissory note and all accrued interest is due on October 5, 2012. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the note s paid. Hanover is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 70% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price").

 

The Note has a Flex Floor at $0.0225 (the “Original Floor”).If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three consecutive trading days in order to maintain the Original Floor. If the stock is unable to meet these requirements after these 10 business days, a New Floor is set equivalent to 50% of the lowest trading price in the same 10 business days (the "New Floor").If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor. The stock will have to continue to maintain a price above the New Floor. If the price is unable to close above the New Floor for three consecutive trading days in 10 business days after the price has dipped, the Flex Floor will be eliminated. If the Company’s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. The Company determined that the conversion feature of the 12% convertible promissory note represents an embedded derivative since the note is convertible into a variable number of shares.  Accordingly, the 12% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 5, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/(expense) in the consolidated statements of operations.

 

On February 6, 2013, CD International Enterprises, Inc. assigned certain loans and interest it is owed by the Company amounting to $50,952 to Magna Group LLC (“Magna”). In connection with this assignment, the Company and Magna entered into a Securities Purchase Agreement, providing for the issuance of the 6% Convertible Promissory Note in the principal amount of $50,952. The 6% convertible promissory note and all accrued interest is due on February 6, 2014. Magna is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 30% discount from the average of the two (2) lowest Daily VWAPs in the 10 days prior to the day that Magna requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price"). Magna will have a one-time Conversion Price to be used upon the first conversion of the Note that is equal to a price which is a 30% discount from the lowest Daily VWAP in the 10 days prior to the day that Magna requests conversion. The Note has a Flex Floor at $.0225 (the “Original Floor”).If the stock goes below the Original Floor, the stock has 10 business days during which the stock must close above the Original Floor for three consecutive trading days in order to maintain the Original Floor. If the stock is unable to meet these requirements after these 10 business days, a New Floor is set equivalent to 50% of the lowest trading price in the same 10 business days (the "New Floor").If the stock price dips below the New Floor, the stock will once again have l0 business days during which the stock must close above the New Floor for three consecutive trading days in order to maintain the New Floor. The stock will have to continue to maintain a price above the New Floor. If the price is unable to close above the New Floor for three consecutive trading days in 10 business days after the price has dipped, the Flex Floor will be eliminated. If the Company’s common stock is chilled for deposit at DTC and/or becomes chilled at any point while this Agreement remains outstanding, an additional 8% discount will be attributed to the Conversion Price defined hereof. In February 2013, the entire outstanding principal amount and all accrued and unpaid interest was converted into 1,047,852 and 1,373,035 shares of Company’s common stock at the cost basis of $0.02863 per share and $0.01526 per share, respectively. The Company determined that the conversion feature of the convertible debentures represents an embedded derivative since the debentures are convertible into a variable number of shares. Accordingly, the 5% convertible note was not considered to be conventional debt and the embedded conversion feature was required to be bifurcated from the debt host and accounted for as a derivative liability. Accordingly, on February 6, 2013, the fair value of this derivative instrument shall be recorded as a liability on the consolidated balance sheet. Any gains and losses recorded from changes in the fair value of the liability for derivative contracts will be recorded as a component of other income/ (expense) in the consolidated statements of operations.

 

On April 8, 2013, the Company and China Direct Investments, Inc. (“CDI”) entered into a Convertible Note Agreement, providing for the issuance of the 4% Convertible Note in the principal amount of $82,143. The 4% convertible promissory note and all accrued interest is due on April 8, 2014. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of four percent (4%) per annum from the due date thereof until the date of issuance. CDI is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of Common Stock equal to a price which is a 20% discount from the lowest Daily VWAPs in the 10 days prior to the day that CDI requests conversion, unless otherwise modified by mutual agreement between the Parties (the "Conversion Price").
XML 84 R64.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions: Schedule of Due from related parties (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Due from Shandong Huibo Import & Export Co., Ltd.   $ 365,918
Due from Tianjin Sincere Logistics Co., Ltd   199,240
Due to Langyunbu   65,307
Due from related parties $ 0 $ 630,465
XML 85 R66.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions: Schedule of Due to related parties (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Due to Xiangfen Chen $ 72,509 $ 87,667
Due to Bin Liu 194,949 296,872
Due to Tianjin Sincere Logistics Co., Ltd. 177,137 561,062
Due to Shun Bo GuoJi Dai Yun 2,671  
Due to Lianyunbu 145,982  
Due to Shang Jing 47,611  
Loans and interest due to CD International Enterprises, Inc. 410,078 405,142
Due to related parties $ 1,050,937 $ 1,350,743
XML 86 R63.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Number of Shares Underlying Warrants $ 31,558,500 $ 31,558,500 $ 33,561,000
Weighted Average exercise Price $ 0.20 $ 0.20 $ 0.21
Weighted Average Contractual Term 0.33 1.33 2.20
Number of shares underlying warrants expired   (2,002,500)  
XML 87 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Foreign Currency Exchange Rate:  
Schedule of Foreign Currency Exchange Rate

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Period end RMB: U.S. dollar exchange rate

 

              6.3011

 

 

              6.3523

 

Average fiscal-year-to-date RMB: U.S. dollar exchange rate

 

              6.3034

 

 

              6.4544

 

XML 88 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Statement of Cash Flows (Tables)
 12 Months Ended
Dec. 31, 2012
Restated Statement of Cash Flows:  
Restated Statement of Cash Flows

 

Condensed Consolidated Statement of Cash Flows:

 

For the Year ended December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

As Restated

 

Net Loss

 

  $   (1,308,413)

 

 

   $      131,424 

 

 

  $   (1,176,989)

 

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

 

 

 

 

 

 

 

 

 

  Bad debt

 

             (42,625)

 

 

           298,337 

 

 

            255,712 

 

Increase (decrease) in cash attributable to changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

Accounts receivable:

 

           (246,478)

 

 

         (411,989)

 

 

           (658,467)

 

  Other receivables

 

            418,956 

 

 

             15,742 

 

 

            434,698 

 

Advance to vendors and other prepaid expenses

 

            347,409 

 

 

            (24,356)

 

 

            323,053 

 

Accounts payable

 

            915,577 

 

 

            (84,074)

 

 

            831,503 

 

Accrued expenses and other current liabilities

 

               95,505 

 

 

             69,001 

 

 

            164,506 

 

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

 

            207,320 

 

 

             (5,915) 

 

 

            201,405 

 

 

 

 

 

 

 

 

 

 

 

EFFECT OF EXCHANGE RATE ON CASH

 

             (24,520)

 

 

                 5,915

 

 

             (18,605)

 

NET INCREASE IN CASH

 

               87,048 

 

 

                         - 

 

 

               87,048 

 
XML 89 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
 12 Months Ended
Dec. 31, 2012
Cash and Cash Equivalents:  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The carrying value of these instruments approximates fair value.
XML 90 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Stock Based Compensation (Policies)
 12 Months Ended
Dec. 31, 2012
Stock Based Compensation:  
Stock Based Compensation

Stock Based Compensation

 

We account for equity-based compensation issued to employees by measuring the grant-date fair value of the securities issued to employees and recognize the associated compensation cost in the consolidated financial statements over the period during which the employees are required to provide services.
XML 91 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12 - Restatement: Restated Balance Sheet (Tables)
 12 Months Ended
Dec. 31, 2012
Restated Balance Sheet:  
Restated Balance Sheet

 

Condensed consolidated Balance Sheet:

 

December 31, 2011

 

 

 

As Previously Reported

 

 

Adjustments to Restate

 

 

 

As Restated

 

Accounts receivable, net

 

           3,393,631 

 

 

                       13,676 

 

 

 

          3,407,307 

 

Other receivables, net

 

              598,750 

 

 

                     (15,742)

 

 

 

             583,008 

 

Advance to vendors and other prepaid expenses

 

                            - 

 

 

                       24,356 

 

 

 

                24,356 

 

Total current assets

 

           6,019,742 

 

 

                       22,290 

 

 

 

          6,042,032 

 

Total Assets

 

$        6,057,416 

 

 

   $                 22,290 

 

 

 

$       6,079,706 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable - trade

 

           3,574,287 

 

 

                   (473,627)

 

 

 

          3,100,660 

 

Accrued expenses and other current liabilities

 

              789,070 

 

 

                   (158,717)

 

 

 

             630,353 

 

Total Current Liabilities

 

           6,209,469 

 

 

                   (632,344)

 

 

 

          5,577,125 

 

Total Liabilities

 

           6,209,469 

 

 

                   (632,344)

 

 

 

          5,577,125 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ Equity (Deficit):

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

       (20,218,197)

 

 

                       37,178 

 

 

 

 

 

 

 

 

 

 

                    417,837 

 

 

 

      (19,763,182)

 

Accumulated other comprehensive loss

 

             (144,033)

 

 

                       (1,984)

 

 

 

 

 

 

 

 

 

 

                         4,118 

 

 

 

            (141,899)

 

Total China Logistics Group, Inc. shareholders' equity

 

              316,708 

 

 

                    457,149 

 

 

 

             773,857 

 

Non-controlling interest

 

             (468,761)

 

 

                       92,342 

 

 

 

            (271,276)

 

 

 

 

 

 

                    105,143 

 

 

 

 

 

 Total shareholders' equity (deficit)

 

             (152,053)

 

 

                    654,634 

 

 

 

             502,581 

 

Total Liabilities and Stockholders’ Equity (Deficit)

 

$        6,057,416 

 

 

   $                 22,290 

 

 

 

$       6,079,706 

 
XML 92 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Related Party Transactions: Schedule of Due to related parties (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Due to related parties:  
Schedule of Due to related parties

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Due to Xiangfen Chen

 

   $         72,509

 

 

   $         87,667

 

Due to Bin Liu

 

            194,949

 

 

            296,872

 

Due to Tianjin Sincere Logistics Co., Ltd.

 

            177,137

 

 

            561,062

 

Due to Shunbo International Freight Ltd.

 

                2,671

 

 

                         -

 

Due to Lianyunbu

 

            145,982

 

 

                         -

 

Due to Shang Jing

 

              47,611

 

 

                         -

 

Loans and interest due to CD International Enterprises, Inc.

 

            410,078

 

 

            405,142

 

 Due to related parties

 

   $   1,050,937

 

 

   $   1,350,743

 

XML 93 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (836,660) $ (1,176,989)
Depreciation expense 6,697 13,229
Allowance for doubtful accounts 888,970 255,712
Increase (decrease) in cash attributable to changes in operating assets and liabilities:    
Notes receivable 142,780  
Accounts receivable 1,761,410 (658,467)
Other receivables 42,210 434,698
Advance to vendors and other current assets (33,305) 323,053
Accounts payable (489,126) 831,503
Accrued expense and current liabilities (211,561) 164,506
Tax payable (9,991) (4,886)
Advance from customers (186,933) 19,046
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,074,491 201,405
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property plant and equipment (34,992) (15,782)
Proceeds from disposal of property plant and equipment 1,426  
Collection of due from related parties 316,868 63,413
Due from related parties   (55,458)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 283,302 (7,827)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of due to related parties (307,375) (429,567)
Due to related parties   341,642
NET CASH USED IN FINANCING ACTIVITIES (307,375) (87,925)
EFFECT OF EXCHANGE RATE ON CASH (32,807) (18,605)
NET INCREASE (DECREASE) IN CASH 1,017,611 87,048
CASH 1,396,896 1,309,848
CASH 2,414,507 1,396,896
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for foreign taxes $ 9,911 $ 23,843
XML 94 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Accrued Expenses and Other Current Liabilities
 12 Months Ended
Dec. 31, 2012
Note 5 - Accrued Expenses and Other Current Liabilities:  
Note 5 - Accrued Expenses and Other Current Liabilities

NOTE 5 - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accrued expenses and other current liabilities are comprised of i)non-interest bearing advances from unrelated third parties used for working capital purposes and payable on demand, ii) accruals for professional fees and other operating expenses that have yet to be billed, and iii) accrued salaries.  The components of accrued expenses and other current liabilities at December 31, 2012 and 2011 were as follows:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Advances payables

 

   $      273,994

 

 

   $      494,905

 

Accrued expenses

 

              97,276

 

 

              84,101

 

Accrued salaries

 

              51,971

 

 

              51,347

 

 Accrued expenses and other current liabilities

 

   $      423,241

 

 

   $      630,353

 

XML 95 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Deposits in PRC Banks $ 6,697 $ 13,229
XML 96 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Income Taxes: Components of the provision for income taxes (Details) (USD $)
 12 Months Ended
Dec. 31, 2011
Provision for income taxes - PRC $ 17,670
Provision for income taxes $ 17,670
XML 97 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies)
 12 Months Ended
Dec. 31, 2012
Basic and Diluted Loss Per Share:  
Basic and Diluted Loss Per Share

Basic and Diluted Loss per Share

 

Pursuant to ASC Subtopic 260-10-45, basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. Potentially dilutive common shares consist of common stock issuable for stock warrants, and shares issuable upon conversion of Series B convertible preferred stock. These common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Warrants

 

      31,558,500

 

 

      31,558,500

 

Series B convertible preferred stock

 

        4,500,000

 

 

        4,500,000

 

Total

 

      36,058,500

 

 

      36,058,500

 
ZIP 98 0001448788-13-000095-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001448788-13-000095-xbrl.zip M4$L#!!0````(``9ZKT*+D00UY-L``.5O$P`1`!P`8VAL;RTR,#$R,3(S,2YX M;6Q55`D``_S>DU'\WI-1=7@+``$$)0X```0Y`0``[#UKW/;;'N&=V[LN%H`1HIBBQI2J[V5]_F5(5"!"&XM'C M[G5$1S2FI,Q4*M_*$M_^]=,X)H\LE5PDWYVXI\X)84E?1#P9?G?"I:B'8:-= M=T_^^OU__>>W?ZC7R5TJHKS/(M*;DLN+]YU[F?.,$2D&V1--68UTHD>:X(!S M,9[D&4O)=9*(1YH!!EF#/_JG-7@VF:9\.,K(G\__0CS'">N>XWJGY.GIZ91% M0YHJL*=],2;U.N+^U$MC`L0F\DW$^'N?#L7C&3PX`S!N MW7'KOGM2#!_P>#8Z\UF+$*2_B?)%\8_>278]VS?_SPH=L?L3&MK\R*>?*;;9[;;K?/U--RZ,K(17KP M<8_*.61XRBO0GV?IVM'M,W@Z&RCK0THGL\$#*GMJ8/'`PGN0H,!S6\]1HT>4 M$Y)\;!\<9>E9-IVP,QC!4MZ?31#)%G-$4E^:AX.B)3DJB&J>Z8; M"]$'*I+L`::3OD@R]BF[QUF_N-Z/PH4RE-LALZ MMM)UCJI'/I2Z1]ZG(I^@2=#`;6"6<)P#ZI3&UTG$/OV=36U('%`\8'[0]DVH M2Q-G8,_S-,7E<-FG\2^,IL^PM6[R=-W$)8*O>,S2<_A^*%(KN=TQC6$(N6<3 MD69@=Y7AI,G4I'X!RC)+-"&S^=V,9KFTH;H1"QRQSEL"_I.(\R2CJ:9@"ZA+ M$Y;`_$JZC$J1L.A:RAP6OQ'LFHE+X._R7LS[5[&@&"8E8GP/OP=1?WUR=?!^X#2?T3)P&M!45G&_[%7QCY0LJX:+Z+4U: M`U0KZ5JP/P8VH,8D!;8PR6]N1,;D/>LS_DA[,;MA&QBSPI96VV]\>[8>W`*V M3K\O8/?W0NAZK58K<.([O;8^F\C):$%*TEN%7!6PCO-5N.G*,`/*8U81?J]IM]L M-BUZ8<+<#ZE%&5V(PII.-:1ISJ(/G/9XS#/.=I4ZS_>6C(\=[@&P6_;4=_R& MORUV2&S>7(F4\6'R0#\5K*FX7K\!6VL%M".*U46YCM=\%DFYVOTW+W!A]X(Y M_S9LV][[U6BT6J[7V!HAV,\!@Z^C;B;ZO_U$X[SJ?@4-9\$<+X/;"]WJ`BNA M@[AU+)+=EX8!V!S;,K3=45F650%5)XHXUBX@Q@+7=YV0PY2'3!!KS/JVHG9,5>T/)" MP]=NQG%(DE8Y4W?;K:;O[D&2\5C%0IB[I6P$X1%_9)#8BC'[(*2$T/%V`&:O M*LO:02-H+_B#*MB.1JF-DX$;MO@;I6%K98?-G:FKN3[#SP1*7QY#]AJ/C<"[.$+H[7"-VCKLL(AB!57$6P;R:U"?[AB-DB M^ZI$3)?&6$9Y9$F^H53QBRV6\%W?]]N&DB[!VQF7K0`0-ML--]P.U[F08,[? M"Q')+BR^ZKK<-G@1MVD&9@OP=L9E6U?@NVZKL1TNL+U2WJ5B\&R$85N3"XOR M6@;[#%`[H;`$LSY8;'\SABY3JOJ>)2RE,0AI)QKS1)7:,_#)15&GZOI%.A*$'?D*;2<,MN),Z+8;ZS&4#+^=,&1M,MQQ)9[C.XYGA.8K`/=` M9Q&8H.TU?7];=/,0]BH5XW,`SI,S1%)UN?408E,S\MJ,X9`$V4)ZIQ%X M;6=GBE3A4Q*U[,Q'_/E=>]1MOTZ<\#/Q0==G%VO/9.A-PSF<>9O!W,)5V/?\<& M(BW26HC5=<86MFR+4L\!";5%,`XD'/Y>A&*R8MF0Q?D+ M!=>RWEK90_AHFG5ZM!O&8Q)L\R1AN^$U]R:XW)SRX`3$6Y6JWU')39ID5#[9 M@IG.J6.$S5;0!T)N80P@]_9!?L'C'++[XZR]`'XP`BJOWT;`SPQ[NEG4>830 M<,AN\G$/0NR!&B]O\PP;C[&BO+0M^OD688)JT7,,2U`)X?%(77/"?%Q2BPU8 M`7!$OJY#>4QR]^#M5N16/`IP_J^;7?X3[:2L8T.$FOY\W\2FPX#="3`:%S;U M.!R/B$X4S;H(MN@].!XART?WMN-^)PS=H/E9V&([`-!ST<\E21D.:U>P',`"K9D_TK(NYZ.]2E@F?1] M3""SB/F_V(9#LIV%%W)5(U*I0M#Q5[(MPUV_;5:Y7L`B+)54+#X=@$9+E+]S MG<)S&K[9]_,,['TLAOM[NUWW);A=]Z6XW6I&=;7+[HALJ6:Y%IO6CD?6MF9H MN2/JP!3MT`:TH]/S*DG(YWN_M^"P=1KYG-HEM0MB)8_&$M^E` M8'@A\EXVR./5FP,JNH@P#-MFF]-V2`Y-EZ5IOM%HN=Y>="VW.UPG2U=*5!5Z M-_!:X6(3PP8$&^BIQ"4K1:VFNU"GVP;'88FRG?(WPH5^UP,0I8*]W74I':[O0V?3!0')LIB M\X,PW(91%8@ZSV4&<5Y:Z&YE@7+#9MM_5L27,1R2((LPM9W@618]2P[$O>=4 MCNY2\<@C%KV;?I20?"2S=PHZ_8P_[J)XZDT@4Z"VQW0,`FU72KB!T]B;/A@/ M([+I70Q9/-A_+'],,$DJ+ZBH[B.#MEE1WHS@D/3886U,S`&ZVH<'FQNH3[;C-LAF73Z0;8!Z+"=M]2X/I5 MB%AG*(H9182X!T7U1B-H/!.%KD>TC>)?)X],[F69O!""4&^CXEL0'8,^"_]` MW5H[DX>"<,\F=(I*H.3@0>PEYG7?:?FM(FA_'O(A"+#%`%Z[45Z_M04!ZSWA M_K2`LC4#[SEONXFJ-=MYQ1-PSON(]6R?JF,Z!H&6?0Q;;6]_^BX'`S!RMX/+ M3_T138;L'CA]FR`D,/_X'[J`1QJ#C%1GH1>:MW-4074<&FWN.&R:8 M'^+U)]?!8+RZNG--_$V=L_ MU.ML^*E>_V:8O<6_)T1FTYA]]PV%8/CMF*9#GM0S,7GC\*3\4_V(@?E%3V20 M,+YQG5-GDI5?QFR@!\4\8?61>EOAC>LV_K0T:Q7.*9Y3`B!S8B)28,U;7$"= MYIF0$]IG>!$^TY26]/?PP\WMPR5QR3=T/'G[WV[#>4NZ'W_XH7/_"[F](N\^ M=J]O+KM=TKFY(+?W[SLWU__;>;B^O<'I9[T2T-D$/Y$OGB?(@Z0G)U_5HLJ- MQ@\$DJM8I#RB M8$C3B=!6E8#I)4]4$IZ4W[*(P/<_T+0_FF^2VZX1_)$3\`01T_@2[`(!><7; M5[N=#Y==_$F68FT_,Z*#,X"5IWIH)LA/$/8*\C//1B+/R#L!P&@*X6XQ"]#> MB$>&[X$9F)LU_*T9]Y3<)J23#W.9S1_ZKGK8)$\6A`/(N3>A!*)^8!&G]Y>= MBU^*[Y`E0,H5ZZ4Y3:<&*8'"%M;6HUL!!@B>$8*O6?;_/306 M4'W9+[E*%35*+"%^>Z)II-N)3FOD0Q8M&)(E2*8%P.DL2J^:8UOEDK#44!S&2F&TIU&2@;:3P7;'?,Q1$.+B?!`[[I23 MJRG7EF@QG.G,H-"9@=87T$T4ZMGOAY$Q3>A0:V`!1PT`T9,*+ZHH/D0)M4/& MX7+$)Q/410T#O,KIBBY+%L>0N@`+!5%N(XH/ M\'F:)T,8K$T<!TIQ`X#WD?*R#W_UX@*0X6-FME*'KB0)N*+]_)V M<`<6"-A!BTMTNI#C<@".)R3:VJ@;<6/>ASUZ`*%\%T,"^N^64'IF0OFNT[WN M8CIY=W_9O;QY4!FD2BF-5+-[_?[F^NKZO'/S0#KGY[Z"`BZ8.=>K4' M32`PA>14Q87Z0`0=!9ATY:8E>*)'1GJ,)62"/VB5ZC25DJ$HYJ,@DQ[Z`QUW M%EFP1*I)T%9)@H0;>^8BP)!!9"*E\HC+TT-_3LP?W9K; MTG\.BIQ_RB@$\`RBL,A"#4["G_>L0;0L)WA0_@A`%T@I,X3F6V!2$5E!H("> MD29E7/#W2/H@ M1\>N:,3(I(!_E"60A&P%?,(9[342^A$6]$.-HF,F'!2E+*0;M,N_AX4B&IC#" M7GU0,RQCH?Z4"J<%=&9:GE?>TP*-U<)&@J!D<_43$DSI(HU^S66F'P-DA7>L MNEF5ZO5C*J4*M%5>@N9+MQRK;,O0QFP$*C(&-06UF>NW'(D\CA;([^%1J+(8 M&Q;RM0GD5Z=E*^&)2M501LQD[37R_/T7M7B[B_IBHDA*^(JECKX[ZL7%J%E0_ MGG9/R?M.Y\XHI>H`H>*"2ZN*QP4%H=I,9B,A59B!3["@*IX2`(*FGT<ZOGO&-81$MH-N->0?)K]?0+6-2*.;W",J'^ M'440GJN9S%TG,DO52ZORU;C^_HO:V[C^#*8F$A-]"L+(,`>5!<5>W/1YE1/- M&1YQ1I*\$_"?:SD('*(:/2@S'C$I( MZ;2]T\=%$""F`$U%@$REW0DO0\7YS!J:==E/>0\&CAE8Q$A["`U1I7'&8#1O M3&)>R266I:E)Q(B#M4_[(QT)Z_ATJK#S9))C\Z'4]L\&&P/-@<`79.6;%RQ3 M7Z*B;`G5^$:!5"IS&"Y\8(\L)F[]6LL!1!&8:J@$!R3BG[G`_R!PZ.N3#JK* M)7@T\QLK`A:.6@RJ$9=I#GRW4'-XI#Q6R0O5.9JA$01C@U$K6:!,9>]K0"68JL2;Z0*,WN-I59:0H'OH^"(9`G?;)+H M29:J]Z:UU2TF1A`F/V*@B[4U/(L4:2IZ1>]0;VI,*^A`X:>OPO]U"K^_:%&- MS2_$18<"*1O@NUK*+J:S2W&8Z@HVJ]"0_J!E0%':J>E*OC;B7,JG:,R1HJBFFNIWA2H(\0\'D/&UCFYINKQ/(U,_HB M`V9,SOLT355B7E8KM<3-<_\B/2800);>O4_EJ#;/S=/9G1'&EY/BG6[=+*)> MQ,9F"_W3A<;1#>+@17!<"*H.,!>D3HZ`ICJD\6.L^^;IO)RK)'B6QZE^RHA' MNCRK',%@JNNSUCAD9K]35K1J02RL#RRD[J<25B[`+",65FX)3+M.-U2%)2OJ M'D724.8BKSKRI>D()'.0P37JKF.T#=MK"$8#,E69D;;92LX$>2SN!N/QE/1' M`DM9ZJQ.Q;VDSU)UK#>OB*V)6!8E[\_&9Z%,?E%S6_F^/%-@Z%J*$^'$4)UZ M;UJ?_Z5/AW4D`U%2FK)'T=<:GB>^3AH;0,68GHM_/L3WR6A^TK-(` ML$K\JJ/1)``ASRXQ'0(OBK7K\UY=!:69,:$\%.FQ!9O%BDLCD5.,@CO%^B!H M-\Z8>U.58YC&@FF7*]`VQ=,U]*O^U"F>>,[>]S&-SPO6@Z]2N?5+ MF2EG]%H'?`&+.F`[/5I"?0XR.W9=<^1PO".2(K)8Z*1%PT]_8UB;TW*GPZ2% MN!T#$_7^KI$'8`.%"M.>.4#&OR,N^V`XT;'`0'TXK+ITUSL557541KPPWA8^ MGCJ4#HQ8K](EQ(7YDS46Y>O!O2+4S6C?=@0YO+(LMA6 MTSWKHST5'9>W*ZKA47&_XBR!J!7),(0,LTP`X@6&_GBFS'@0:#IC2TI2X)RE MMT,EX?_?WI\V-VYD:<#HYYF(^0\Y<=VOJR(@&2N7LKLC5"J56_V6JVHDN=V^ M7VY`0%*$#0)L+%*I?_W-DPF0(`5*W`0DD"=BILVBB$3F?(L)9/ZX"5? M97E$;@B1Y0 M%Y8OMJ0!3&OE39$XZ7.JN*D(RG_@L>Y4A)4M(DC89SJ;A_&C"-3B1S4PH]C3 M_$8VL0.`H"#4C M[/P8_`<4*YC!(B&M=KYUG\XJ>KFX42D870"UV`12OD:71[Z!60H_2H"G(&R/ M+60A!W7<)@+T>/-IOO!%X%WM/,\\MM)P\8#'+6$_8/HX6:"45C:84_*\J&X7 M'KF+`'.!K7,1P+-Y2N&W83#AK#HO*C4)>,LR3=J37;&\D8)M+.5!B\%LSJQT M+G%LG#".[H270&QTN*'(OJBGE_6B[@(I6U"02IMGM,[;7U0;(5"P92P]_5*_^A;[B M"5C!VICPAZ]7Y[7Z^?*I2Y![DBS]Q-1/+$?;:(HG11ZHB+]?['AA[%5?SY/4 M5B\(RK]IA(=B%:AHI7%/BR)`I`@XI^##YT93]M3#6?A'KH0!GZY:\&M3A(.* M:$RZ^HYU.[!PKBP=OTO!KIUC6C-)GW\O`L%H6&$/,!W8_O:?Y8'L1;8Z)3^O M>YG$=KH(AL^FJ[/D.\P*&3:<)ME*JS0H9C@I7%]@2?$+1:_:V8;7%9C1VNE7 M!E\Q#41H<=TH;V!%;W'_ZYIV9,H'=!._@V:Z##P-C!.8>&4!V/F!D&G3$CFF3@=)B'D%M;YHDS!4;89+A]S'F3F899OMGP MO%F5A_(@Q>6%3YXS?YU^7@D6O?ZN&B+%Q*\^Z]7*,E6G M/&G*'(KT>E4B1-[0;0S9VW_]?R!`X4==_(=XD%/-QF(HUOQE#HG&3_Y2`QE? MO6.>VFP=XCTG0:?UMXO$^GWIS19(_4/F;\)UL$>H-JG MAH.8;L9T--X#5,:H^D).^"Q*F2F6P/=UFC6L6U"3<@XEO=U6?P^J9J1&N5Y<.S>\`:D/= M;OF!P:G5U$:B.)WKG!T(=/M`H^KJKNIR3`LE2@)K8-4R7D&@>/T85K;N57TE MP_EA&F1T2:#GIM`=:HE%/1_=7UQ<3GC7ZA.(@F%K.>&!D'*9U*I2J$W;6FG, M6]^I=,M&(6M:R!!Q>1%'K=9]K68[-FHUJ4R'JB'^`P^EZ`H:&"XEHI'*@"&1@#<:+3(R40.UOZ@C)@>< MU>3`KR;001L52-V(7DKA76W%,F,'A$P<$LK'T@VIO_!MF6-QZ,NPFK8. M4##D@_O`SWE^OK"\3LGELMI`84L^^V!E\N48F[3[#/XY88>E&/+S:@L45(P^ MC9^?1`I\M?Q?I:C`W'WD%JCX"CK]04XX-XSD@5FMO$5@D356_'61 M.Y^Q?_IP>%V47&?H/;"-):.0Z6E)/$LSMAFY)/O+&UDC#13'XL&/J8V&MG:P''JNP=MZ-3X,R!3$O*E0R^S=Q>;;MHO5HT4FT:-$#SBW> M\$&TJ&(Z+L\"47P.ZO)6RXYLJ,_"RWW,EKJRDH(,)4#B-*O40.+.*IC*,F49 M\G9#RC.HN3XNBYP4\RCJ7CZ=?'T]D!I8%[K5&6JCH5$H5ENSG`%JU3XMZHE6 M_5JMIW)1UE,1_6:A1,HG7I3:1:TJR:(.UJI?:POH+-12XHLZ#:"4:M7'!=1V M8%9BGA0V_*1O"12H6A;*3BL_7=0TNJ?U6\8G MZJ:\E3Q4+4K80!Q*9JS#68P9[;P^U@RJ>?RG;-FYNA)Q#%K,@!=%9I^+XT(( MPY>U-HH4^9K93384OI)7.E#D-W2[*<_'O"!E<585=L-3IQXOC156]'[A%)S2 M4!@@96TM?O(LVG]JE8*7HD;F'\6%7:7*=13EU8ZAO[(;`S^-@ M")7=$(/$RV=0MH_?<8#I]P#WC`_93ZZ7H]8%Z]>".,I^1CI3@X7(>"W@PB MT3>BL&0K5U21J,L/8EJY0((BGC"_HL2.N'9EJHYIC31/%O>X_'HT2/\L"W[` MZV^XZ^/!A4(BU1)I%2`J93BWJ_V&9J#LB]I\N.9'H_/RA($67_N+.MXYFM-V M>7HLC\QK!V6FI9X>C9FNNXO+H[`H.O1(B],P/WD*FZTHN!G,@_(0`>.(`[LK MIK$XA9=M"5:[+I0W^.4ZA7>! M5]\4+RZFPW>Q>1P&O)K2!C27[DG=U'1;:,/O[)&C&;J)A^@^+>J)]KS.8N]/ M\IX;#.##9]LN5J&49%%'Z159G/[X914[3F:/)\(Z]"K$9N9;F@LU6!3[94J" M&8S+GHB\U218K2)KJ-HT0ABQ*?7*^_FZP<1AN="0Y)NO.HZXU?9H"/XKY<]WGAU>/$8;(G@P0+;J'"V/?#Y@M561%I& M.3>(F/;C;RDJQ2^?7ZG8O]XJ8!&E<+I@W,7U#;AMSQ;PZRPSGVP%:3U5JG,EJ6P M5JQ7*I,0(*3=URNH1[!::>-,C\5*=\%[U[)8OQ6'R$9X>B>8J\-S0&56+?R5 M6/BO2YR_1Z$0M@$XSDAS=%T^<>D?;;#.J)Q`H[I!==-#VDAFAZZ5A^KV*6"W M"E';W%,T+1&[DJ-WUJN,U?-V\&&@9.VW"=5N3#;L29K>_+ZD.NED*`:*H,NN MT7I/$=1@G26=9%;VDX-.01`+L.LT0;8Z^-Q`('TSP0$'@=X[:UI.Y\S&W03P+"/PW5!F"M`%E5=W:+6+!8V5 M\R5?5/BD(G$<09A2LHB!/^=U`LE5D`J?-V8'R6+G_P$%%R>/XJOB'^^@W$YR M$O@TODO<^?0(O12V*,">)`$D+>2+/,2O-)Z'M)KJ<$7G;-<+/,Y2TR!RR9OR MS\,?OUZ=E_\8_?A6%)M,0,&&C]IJ[H28P+(0R3+'T8,:Z9QI1>ID76>`(GE1 MGFE9IF_P98D9BU$?5ZJ=UL"Y')TC6\GJ6=0S+8N:N,L*3"GC!O@;Y'R)FA^0 MLY\]SHL:,)7,45%CGK\_$%7F/T,!4'(VHU`SM'9^)98%>JX/*3T4QIU,J%=D MB57JUM]!CBE'"VJ00BH]O(J_NZDG4P7:_\9%Y:7_HUE$T MGF"\AOFLK>BR@PJL+Z2_6I:%$&J+8XD!TZFM+>F69 M_IJ:Q*?DMT6="U$@$G[,N1U*M9>#_SMW>77@R6VWJ*N1*6Z'#N95G*RBPX7+Q;A_<)^L2@\-XM] M&I9%T'@=.H^WZ:J.LC14%_."*D`)+>KK+LL&024,:!D$S7XVOGMS22'0J]#Y MBMNWJP6*[O)`?,-4^,>SZ_>0N3_0'8TLS>0:L3A=VLT;%'L!)M\J1-'/Q?QX M_3VF8M/<37E]2Z!,,05(9EX6%V:JF&V*S`9;T(@K:5X2"@K$\QI[T.TDB?V< M$6I1EPD*2/%\>UY[C]<]<4/>D(R-LJB\7]`!T)D$W\10974\V&.U(CUZI<\:?FUB);;PI6U?*2)8%*@NRV?]4);_AQ_PNJHBG3S%9/+C M)9.?ZLXQ..U8=AFS%&P&TQJNI^#V]]GT6ZI/M M`48F/4)U`]/P0MCN#QXD'\K]LM.FFQ25?$2]R94&-]#5 M4=0:+MKY@$7F4VY2\,IK8KMC!\OSRX_D#91'TZHG5RA4*8R\M]K!@4`H$ZBX M47$KP*2HN)M4W!^OA.)>U=;L6(@*6P)90(6-"EMZ)D6%7:^P0>]6E39/Y#8(0[CF+TIW+F;OQU0$3,0/T6IW/7#ZNPR7 MA->'7?C]A7`PF4EIB$$#TB^J)L1M-D\HTX7\TN.2%]3%Z\7V%W6,ZT5QQ<'+ M7INF7KT\JZ7ZXO(,KJ)6R^W3L*R8SRLA5YXM2C"_@7"$MZ?D?/,?RU+:B:@5 M/>$%?U=_P:-*PG`1/U5P*-=Z.:P_8=PR$LY_=J0<04 M5"9&8,JO.H)6#=::NX%_`CU31-<^/A]F%V1)<%N$ID#P6>7IC;>>SX#$]?A* M&Y2BO771=EQ4%A<=9!BYHV6H%U>Z(AB,N#X$.?(EH=:5?5%/M.[G.#KAM^@Q MWX:9!#(CDK$H:M[V%W6PYEVN?AUZ6*2\&UQ!NIE*7:V;_9[ZK^)?';6OWT-8<##]..4+S>#7F$@_AY M98(\;M"/N2TH8EYYK$:A+<4^P!7FG^ MQ;ZE;A)A!&X7%O5$K0M#BMRXWRAV$)1@44=4Y6O-L`J++@-*UP6Q@)A/( M&H%5NM_XEEAR'V^K6VZ2">5]QJM0W+(Q)@$W-Z`%-K&1(GEW_6LF0Y$.=P&C+ M7[QW0ZZHKJ>4Z8TW-Z+CFZ&_73XGLOMBG@P%/AJNCYF2*EX7I-4NCS2:NCSS M!AJ.,YL]%YNR6^@D&HDN7RGWCD\(J-S:G1*Z6E9[T%.>-,B#Q1==VLKON(-, M[$K+V/.4\#P_KB2SE?99R_?Q]"2X;F(KY"'V_&R4;O%"SDG"R4:S>#)YDBQ9 M^^:5WL6+K;+R;777A&&*E*?48\>Q-=P%55RV5%\LM]@]ZREP^UC\G1\(9T`M M;JI,@!G%GG4+B;B3VM0X[MVC27#O%KW3UK+FX&!)`YX3^<9XRR8ZX7O;4V.O M^-$UY0==QF8G)C06!)2+[\C(<$2W0?CRC?EVM4<=6QV;LDR;*+,L#)=MPBD9,*M\*V,R?/3_V4G)7D%SO\LANJ M.Y^'PK"HD(Z[`J(H7[&PRB:&MY1IF(@GG_"#L#N!1?_#93]/'HG(5K-$J@,_ M;@>SQ:,+%@(/;_&"XF_5*:93WHVN%&%N]51X9S%];A'QH:I7^V9:[)M%.8+%3;/('DNS MW'\4=R#%]IH6>B9.[ERFKBO>,7A_G*=E3GH,3DIV*H$$]EJK^T.^<-;!O(24 MP$!,0J#S)L]@CUQ^,N%:'X1NL;+%O+5-*8Q?-CG[ZGZ%9Y2Y>B"%=%XH;^^<;1,DO?,:3IIQ_R].3.=>?OH$=R^F7R M5>@X#NE9Y%\O:RPL+;:O17&#&_:V]V'L_?FW__GO__JI'.A3[$;I9\:PZ0T$ MS[!!O@"YKA:IX^F'A7)>C,!]LNP?5W3RU^]_-\SO_P9S_-^3$WKW[>2D/`-T M&OWR)/3YR\T%L<@)^7+S]XLK_=[EKBND>47^#FR^+(B&B%_T#+F M$_C^F-;G1F59M.`!M)W/2Q94#2"7EZ$1@4-YPDU%)GI180$*TY][XG(QQB0( MP=J'6XQ4%'H`DYLNLXB%Q504/(@?A)68%]V1%ZX=J&D0I1NV$W$0$",4*/%1 M^+W9`@4(LN9!28!L'O$NUG`A,W M,(W+MY(9(^HC/[NQO25^I%38M@O MQ"B>\EV7)Q<7?R[,Y(UH+"X$A6OR*7/55,6`52]'X=$&O-TS9L!B.^5^4+J9 MBLF(Z09,L9_R84=D[*?KV$3DK;Q66[N%&^%E=Q)L_X:H-]7H;G._V:)UC M#G5M.&J_;XX"Y)*CR1<"C1I(*@UDFT/-&:,&DF%O;M@B5:A-]"?>.*@(06F: MUQ7"N4T;5#68#^YZWIU/9(=B?2BSK]&''4%N'F34B]W3BW"%;8]&*$DMFQCH MW'W-X\R'M?!I/#U*<'I$O\HK^54:WD&4D?R(XDDV8J,L3:V&K_65)WF M,KB1$73956'O*=*NZAN:FC,>HQ1*9I&T[9(N*&(!>)VFR*Y^A\4G40RE4O"G M]9.JJC1IW7+WXYR7X^#[E2EZS"&ACAY=:-EC31^W[\Q6D'QR.+<1^&[H-P7H M<@Q]YHPL3=<;#^]`L=K1OJ[T+UU6DMRK`.1*"2$I_"M:B@FO:QNDF2@\R=N$\`J`H-,D!DO5&H#F6-]C^S*- MX>D`"^P\9Q3LX^)Q]%-S1P\L%JQ;H=6O*9WD(?D$_=4;L>!0`%J^@D`!P(J- M\DH!8MH#S8*:!"LVREJ[Z$#[75U_(;1^R:$;U.+DVI!QOPOB?5$TNQ+')H_4 M3=J_N^VW"&#.4>=N)^IO+"QMK.L2W0@J0$L$6DZ@43W)IYYL3;<=E!JI=O6F M3Q<*AXY^S),HX/TH5R[*&C]N[$J"'AX^MJ"6?>*T<_A06$*D=@,BB399",=/ MZ+*'FC%HT510G<`(NOR@MZ_W>D^15]=SAJGIC(XHYE%%1:(BT'("C7I*6CUE#`::8=DH/E+M M\WC[TMAY[Q--TW?$];Q\EHCR M6LK.&FJ#H4PW.:K*W+8W.Y4*A1W``PO>_?@Q3GC%.I[_02@;R7]:`4^KE,"K M7B65C3))%F=NR)[\;J`-QD/^Z^\,2S/-L482FLZIEP7W-'P\74*Y+&"Y2_G) ME;J59Y['>#E+O[J/P'7LGTE._4^!>QN$01;0M*R%6?EJ.>9YGB3L)(#N?C7UXO/UQ?7O+#EEYN_7UR1\U^OKBX^WY!/EV?O+S]=WEQ> M7'/BR5[H$L6\MJZED(U28%,NHC%O'.`).2#A4DB(FU`F#K-Y$J2BJ&7PEHW' M9I!1)LX9N67:@NV'Q/7OW$;R**'BOCF;!HE/YF["1\MAD`E3-`]Q M\B<\YKGS@"D,,L\3-L%B-G,AQ82I%9_.V#<:"8*W<(V=Y&Z8\@'F23RA:7>3`4@#%2F<``1=T=$GRLL2AXHI$JF1=W0%*N&RE:!;4)%B'4M8ZE*_7TZY;@._J53PK#XW%B0]K M'LK@Q<7\%HDN0X@YM+3QV$;)D.Y.$8'NPN6MVD@?0P/98UL;ZPX*A@1[<\/V MJ$*QV^OW(BU'7/<9ZC;-4-5@?N44ZQ>VCO%0,X<#%"6I%=G;4Z[VS$W8MZJ7UY.1M=-!:K=X_I;/MFJ2J'7# M_H4\5=6)=)1+4M/23+MMWY%RI)/!]8V@RZ_3>D^38^BP@:5KEF.A.$EF(VQ( MJU_F31\W_7DEL_HZ8]],XY!)7@KIV-GCYSBC-?G8BB5-+RDW((4(.4R$KF^^ MG/^_?__RZ-7UP@G$GTJCWICU\".##UX1. M*!,'_23IU$\K3O.<+@J=`<`V2 MVF'GRRGYCLW`T`@;=AHGP7\@J=Q8C,`>93N!-R4/E/@T91LE3XQWV:!Y0JXI MW+F1,W(>1_^)OO`(`#9(*'@6B;#8Q,37G"/)NQ:1<@@S?4`Y?@IS_9"L0I#7UR^TC./Y!+ MH$_$ZQBY(;F`?_%Z)ZG&_N2=DH3.7,:@_@X:A3U(/M+;)'>31_C&TC@&Y_%L M[D:/C((I^&SM&O479.GJ&FLX+>,U2&!M:<%H^X&PL&I.T6CIS**>6*+G@EL$ M6W_-F4B[*26_N4GBLC,A&J8=751S-ZIUNT/=)V9TI?EL!BJM9I.!&DZ"]1X$ MZ['-,`ON@^R1^#FO$;5:Z8CM8ECG2.8Z1^9>][3&V#QUL(@`%F;H=SD2+'3$ M/:$YMW_9;B`,SR7M:>`$8L27GSI/`HZ@14,OV"U.LK]>H5B6E@H$HAL3ULMP- M21A,4+,T*P5;]M4[S#.A;OK&E_H+C"5MBIL,O?7TBG[3H?FNUGC"M`<51B<@*-2JR;6=Y[J#KS MU,1CBPS'EJ;/\`JE>OT,=XI/[@"P0EF7L[;5A5F2G:.1W>E$FG3EWK,5@BP? MR*@A44.^J"%19&426009]:*L*$NBLU`O]H&9I'-H*%YK\.+;/$B:=W(HCKK4 M46I(IOVW/_+&U'2=5UIXBS(E_8T5`M_%JT+498I<,W;+E$<&0_W;%>!ET+\* M4$4278CZMJ\,)IT[12%_UK;Y'6W7*>\S#9IWI*@+\S:;`&-YQQF!^P-OP22] M!4.0\:I15I37U4FKN1R-!SBK1FU47/*!C(I+A1@)=D:VVFX]TGN>D.YLKI@' MKJ7\#<50;O,$KB+4DNP@#;F4Y;E34H"U$&@Y@49MB=JR$Q=P"C`4ZD@Y@48= MB3H2=:0<#"6=XZ.^Z6WWXT2V\$1=%#6E MJ,YF"+K\H*/V1>W;IV.'ZLR%.E=^T-O7N;VGB"3Z#W5L'YE+.C?/IH0@"]#K M-$F.VF_$;-T'JA9=)'('^7'.NR+SW=$\-9%0GL*'OLI+YD6Q5<01#Z- MLG>GSMI(VZSR9@K=AV>S.&*KBIERG.>)-W532A[R5#T$V)1F;@JGK(_)K%&3DRV1" M$_:JTPK^BT]LMM69N0F;?)XD;/7A8]FE'1@0YOD=6%IDSB::3N&',$OZC1=Y M)>S59_,D"(FE\S58ITL:__1#GI[[\W34`,HU#MH^D%__.@^SQ;]@\4Y>O-:UYCO=]9O^X MHI._?O^[87[_-YC&_YZ<"27CMYV%B,W_%CY\_G)S08:DT.<.T^=7 M%Y_.;BX^D*]G5S>_DYNKL\_79^Y,7/@3PX4-. MR22)9R018D#F3`X"FO)%!PN:(G4[L*BSYY2]1OP-I`:ME@8I?!-/N':?Q&$8 M/S"EWB=T-I*WY-;O^/?6QQP`$%,6PZ4V)X`U7EX MS`RER6:I;?.(P.?Y3LQP9UH]V010"E"S]`O3QC4+:I+F*H(BU^\6B'281:BN M6WUQ]KV>LE-2'-V1O^?!;4PN9_,XR83O`_Z?7'SC7YS'IQKYE/FG!TH!0PP3 M,1O8#I[#&3.HI;IFER24%B6SB6MY1+F1.WA4?PVH/V(-'&ULC%`DVC8)&K:5 M%K'#>I$8X[%FVMC)HFU[HFT/=+>O`/;Q2&1&=X]Y=)NW M>ZI4"_N&'<_8"UJ11(@N.[05Y"X)'-R(NO1J5P&2M*OX!HYFZ4.40]GLGW:] M[+U)Y]OI?/9LCD;K=:,4(T;K08HOI$:K3B0,:4$I[[R['D&77[/VGB;'B(X9 M6+IF#QP4)\DL%:P!T=ZB#JX!L>D\0!X@*.<[G>?\?E>(WO,E(#0V1CJ'Z@[W M-'RLK>&P:W`\"5+B$M,^M?XB*CF(B@Q026(QU#\"]X_`/=TBH$CC4_W$?L!5Z=@LV0_S]ES9"86'4](G"?D?>PF/,/Y0Y"P M!<=)RH<^GP9TPA9!O1Q`@'H6@2>>6I^NQ#R%@K)M0KRVN%S3"%.GWI3S:R08 MZK%!=M)(_,#>DJ=,8C42T0Q^D]"Y^SBCO(S+A,DP]X(1/X<**WSZR(2]8,(M M--_I5OSYGHW!^1.4XAV-:.*&9.9&[ETMTRW>>YNXD3<]);\DI_"\4-IC_2^, M*2/QY#:Z^64.+N(XD(6[S,(?!/&`Q1ZIFS!>]!G=:[@:?G$>S^9LMV:,X,'I MRB>WKD]\>IM!-2<:I93SA66,-'LT)),XX4_=NB%C2/XW?]^T//*F.'G8PS6K MI?Q^].-;;7OCI+(8J-+!M#Q;S7?V4+,MHW:&529?_YM'W90]#FN-YTQ*>3VM MX@%1VPH>@RT$?N+Z]QR.+%X?Y\%-&9IT!H(7%=,*F/V.4M4UJ?H(')0%,TYE M^.^J_!0LD)()._FER[`@,%S:L%=`4A_BY$]@6,^=!QG;:.9YPE9#4RXLZ8)M MF\ZDW\NAH!N\&N0<9("R[>I)3JU,E.XE^QZG=!CC M2BP<)MVB7L5F7:LD]I3RS]01>RO[-6&^M6C M*LG0U!Q]C&+3D-@@T-(!C>I)8O4T&FJ#P:'Y2"@U'31F%0K[+0S9(J:DY:#= M/@/=IOFJ&LQ-UJRQM;'=N`VK&D%E2-!!D%$W=4HWF>.!-AHV;TE#,P-'W0 MN,&K(E%E,WH5.G04!N_U-(\@0PJ"6N2&Y&/"!V[%W%6(!.C+[:&_9'N_ MBC88-A/-IC#9T>,K'\BHP?JAP5Y1-[9=NJ[WS"2;X:W8X:?LUE`6)\*SI@1G M3?35=,]78]B.-AZAKT8^5R<"C3YEV9&6Q-SMITFM(D/)9E8K=*Q9^+-=7GP!SN[N&/=0&#>5<*TQC]%++!S*JJ^ZIJ[Z;U*HQDVSFM.)]WC[% M;B1J?Y;%.[VBZI\PU?$F]2\/-_J0O=]TW#SJZIM1NT3BIP'?G3:GUI M:-BX92_8"6G8+@V+ M6IT[$/"8'6"1_"V3?]D8O:4NUF7GQU#<*E>;/&J$X7"RN&2&EI"@:F!\WB28 MMTM;-H!\PJAYV2]UGL0>I7[*F\66'+ZQ%67%6$;NE(([[V";>;%$A5!`7M'] M%)203VX?^7/3W`6FB.Y$A]3K>9R+-L+7TS@/F>ZZ6?RM1@%69R&4WA'YHL8\ M?])Q46TF@#;*[HR=M;)T^T`3XO+VX4^;4$+[X^^*&_"%`1MY80Z=IK^S3$MC MJ,"CZ_HA7(2]?#<:PM,+YSF;$-,P$YJF8C(3"K-@LV%P!^$C">D=^Q:>=#T/ MU@'#SMV`L^?YATO08:!+;^G4#2>B;_129?$FOUQ%LN]F09K&R2-3C!E-R0-L MJES+/=M;=XDEC"P>93-)&)8+Y>IFQ/X+FV.4NR&;,DR6CPZ`L[_=LY4PF2&^ M"P^S+5VTJ+[D'RQM.X*DP1W()-L',I<-$3Z-(X(^QM,@678$+=I9I[2Z8OK- M`\.S6+871_=L1&AA7?R(+3S-W8@/YQ*^F01\-/8']B2T&;Y+H`,V<-2;E%+R MF3U'#(,4JM]AJO\ZOTWIOW/V&W)Q#[]\^[I"_]R9?$^9-TXWG^*/(/-U!_N? M?LC3DSO7G;^[$L+QE1'R\88IS=3U@#72#T'JA7'*]O<;-OC[,/;^_-O__/=_ M_50^QW@EGM$;]UO-#X'6,*4K.OGK][\;YO=_@S?_[\D)O?MV:"C*H,>?GY_,LO%^3F[%\7UQQP[(S8YHY84J*F=[\5\P"C^^B`.0,=C"?3F@"S=+9 MF*!^:284*C/L;YEUSU4BO)DM<;[@=BC MPD=M,[956-G.Q(X:03J%5?(E@2L\YUL=<:%#-?2L%]?IDY`MA#\5!G_2,)C& M,3\>)=0-@_^XSY#FE%R]^!NM,%5@KMF4;>Y5&X0C3V?S.'&9A5`E7&E#L"'] MW%N./V<,$Q3+X(?L M7061V7$N8@M)C^D#0!W6A`Z[8*SE\7/]/UQF,#)NX]:U/A("5:@W\?N4I,R2 M"OR`69#"=#R?,G[A?'$7,\NM.*;!@TNCD0@S@)W+OI%/[D/9#_XKC>\`&OZ+SG,FF![\H!@9%$WN,&RNL&[H/S-2#(?C#_-;JZ]7YYCZ9*F-+=MG4X3/8E\NAN#7,(?N#ZY%8"'\& M=BR3+48/-E#"A(RKH3D[$7QCIXR,,I/==/ZRT*=L]104&7ED0D9`]OR:HQ"\ M#'JIH@!V30#!B``-S+Z$?9?Q`FR';)]D#$"K?`\D!B<:&,Y)'(;<55^>MC@W MIEDI7),8MC*XG)48NJ/Q`[]@)2*@H+C2UHO;;(^&(8S%H*CY2W&#O?:7&H3X M8AWSU'(640R,#F'HSE/ZKORP=NW]6N&//8D_Q9[H7<#4&"_D)09!*F&U]\#: ML,U3>\>@>L5[I?\.>_[%DST?9:)1F6@BJ!W11@YN#-.F4J*V)X`2VAQ.:J_- M^";R/4+:9U6BK.IHIF83,GHK5E\OT6V6816'\!!%C!@>S3Y`!!%!">58"2/I MS1E<(O*+:W\]Q`LWGZ,R;=MEVKJ%]ZZU-GZ])E_F-.'A'(T7L51>Y^-;@=CR^?(&WC MO4C;J*010=K&Y[6TC$X1MR[H(9FZJ!EX'T!! MKZ?%6:!T@9L6^=(I9DMCMG2G28UY=9@MK6[\)V9+RR`3F"V-6KU7F&*V-&9+ MJ\CW"&GW58FRJ@.SI?MG]:GK5,:$H#[?$JL-]8[WO+)_(B=MWX,JP#-2W#5)*V?#S#Q"UUA MF!@EF^,:<>_@A0$FI$FD4UNR_5'F=K3_,:6MV44=):6M2-FB8?Q`TGS&WA3\ MAZ:+/N&1%X3!HM?T2MM>+IZ\NVZU^?/B7`*Y#3&#B'&KU7F&* MB7.8.*`RWM!?A483XAE_Z7UN_Y^4Z?Y M<[+:4.]<;]X<.1J;0^OUYA6@C13A?(@S:IOVM(TUMAO1-KCK2F>6*I3$=@VG MJI42[1J):`869VF+OA?V:=-RH!`1VK0\58/YM9-/WEA6&T:J:F24(/L<,4:% M='R%1(ZEA^Q!*^:K:N23S'15[/3`LR;`GYH(,Y;0;QY->2.BKU?G-6Y4TT$W M*KI1^P1U&QG6PC6"GD*)7"2(,WIDNX7TJQ='LHQFM11N_)*$7V*M*AXV\X%Z M"753^A9*(?%/8"$S0'.1N^Q"#TXW\FA[(J(P>:0.RT<2-;9-F6:[QK3J]$7, MI<>\?:W7>XJ\MI:SS$&[QCB*G%R&N>*%I&[J8X!;/Z*J106);'"L4]I^3;U& M=L(3>=RY"O(0XMX)W.70L0K0Y95T*E0GEE-!O\R!A8TT9_]Y->4G31ZA_9^J6>4I@&7D6A,%_7BJH6ED"_'/F/I); M2L)@QB?.9!N>H_<,4#XKXDW=Z(Y?><0/$4W2:3`G#">?';0B]@"3);:0:^KQ MUUHCLWSU)20I1VY(KF"P'.;BTU/V-0%=PG^=Q>NS`0@WS/O7ZY(N<91JU5]Q MNM4/%"0\@&GY('MGQC0B(^T:WH8V9%@SO&%Q;`E/:23(\!"$84F+8$*B."MP M9UC2BQ(J!WJ5OF!3FB2<+E8IG:0A$Y"QO"NJ79`Z5"O+C>X$PX8YN1>,I-4\H^ M0;GB,'!O&4ME`16,S"3-C;P`*AI3-C+73$M]4M8W+H;*4S9=>*I&^0@]414; MJ,-\%W'N=>ON-`M!8@^#Q`LL8,1BMO!7(1=!1@*F3>($=,F?(%(94QQF23_%=D&:!EY*?F8:< M:W!;>ZIQ>`(V%H]CS&_3P`\89=CW"<_7"7.H'BI*5,-/I^X]5*QF=)KD(5M$ M0E.:W%.?"_,&B%S0HI%[1V>@-`%5J&TM1N9K?PD;]G<.R<0-0E"*=S2B/-(R MS2>3P`M@6`8+K^-<4+70TY,\RV%3B$LE!-_6T^JT(K&+3Q5MK*TOPJ=,@<^X MDN>S%$6T_YT':5!N,8[Q%_C/-5N-'S.F_$?@_A&X?$_A0):[2K;+[K2RJXI- MM5K4&ZBTGFZU8'"-^#F'PR7LWVD`B.VS@=5O7A)K.E3?+QAW52:KTS6;=GU@ M-R@OQQ6&"QH/Y#[%RO%8.;[3I-[!4X_U$K%R?+WX=K86%I:+;TT0L%P\JO)> M88KEXK%1+#]"`1+*9LLJ5&-`Q#U*9L4JA'^;%JQJ,#>72FSH#>\B6!`=,98+ M8]11TNNHEJMPJD9:V:S<39G8'0TIV/7D`>E;DMF]BE-$Z@`G)%-+^Y1M-5RQ M8LLB,2I1&W'O!.XRZ$(%J-*<[C.=EHMSHA#*9[?CN0E/I^VCC/Z=MOT[Q-!L MJ^']`7V@B+%<&*,>DD`/F8:)OF2I=FOT)3=Y3OAG3>LF/*G)=U*3T%^B()GV MW6?>+`S>5\\=05^D%+8OXHX^8#FIGZH3J0.=U)Z80MLK\^2ZCR%F$N/N0RZMO*[HX@%5_M.4=YT`P?&#[!'J_<=Y4C3K2'EWH(3>N0F(!,DC MCR:9RX2BVF8B%KTOH(W0LC\&]`&:N+SY"QLM2+Q\EF8N;_K"NV"X29#RQB]N M1F:P!N*Y>4I)SH?F,Y#9@P[QD23./8%QV9JC,IM`EO:Y#F M*4Q8](YY+!I;N#E;JVBQ$LP85)EHOA&D"U#X&\O&2[Q/$:$1]"YYIAF"'_B\ M?8E87_2X&#OB"TEHFH>B@4NU9].RCPW#W"^09"\.@W_GG"2U/4H8,?EKUIJJ M/!1?\RXJ[I\,8)C'DFRK](K%GPN2LTFMT#6A69X`5?G`<1[Z!/I")0'G'C]( MLSC)^)/+)?"Z2(!=M:W33S_DZS] M^;?_^>__^JG\X37E-+\J._O4_!Z6#OQ^12=__?YWP_S^;_#&_STYH7??3DZX M6$LFP3NK)3;_6_CP^&2]#&*H@F\#B_IKT%#7['Y7@W/85=6H[:I<7& M+BV-:<,`/CSA;$[ZH$;U8?WB#E2''9R.G6=/_ECT?UL[X=H-:;K1$$!IZ%R] M:<2T;0VCN$8YXWT`4:6TQ/YMA\!V"_!=PRE6VI*W'LK2;ZQ;4/=J8[U^K=*; MJR)R@J+:D*@BT-(!C2H152(J0IEL%BGB;3MZ1-HM1N'KU;D<$2%*H"VW@P9I MM&E;>V'3,"W-L"S-&MLH2RW($H(N->@2Z*_>D^1PP]?6C"$DH(U1FB0S!]IV M6/^N;R0&8&4JO'\M&@&(SUD\2XC\!W16`H09BO?='N& M+\J.?,:O2N?&3;&_!GG:C[NY2&!%B=%F*(>2.",S(\BJ@8P*`WE9;I`E,@45 M.S%AX*YL1Q^,4L,H-8Q7DX%]Y'"M(M"H$CND$HEI:B8SQE!LVC?_6>)(=;OP--=X::;6,\ MK6SF0-M^9`SSP``;:9&7)#I-04K5Q-.V9@8C/61Q^B+P'=%8"A!FNWA:9O@. MQ]I0'Z#L2+C=;^@VL"PGOD65\)6JXN?Q;!9DO#SY6>2?QQ$\1",OH"D6&">& M7JTP?O[EEU\N;WZY^'QS3!)8X19$`6S?*9Q$>,RF&G0\R"%?8Q-@;A)`@T@9D75LGTA$Y"RKM/L-45KV-O6\@_7R/\[=Y-@CA/UQ`0KR2_GEZ?\O6> M3X/(W:K.NL5_SWZ54'>2L?U:8F;J8K7UA2%T0+%UVQGML8M;MB5,*RP_O7J- MR)O*-&)!]<13V!E7"!9&7B/.39RY(;)ZHZR^G0_\0)VN[G%9J.]-ULR!O,Y@ MP7BH!C3]*1)_"Z`->_A(AIJNCTCZ[]Q-*)E0RKO8%_>8?!AQO_M+ M_S(`1A(I_C M4S(>C#7R_YW&T5TZ90]>Q:Y/WES'>39]JY%K]M4=&U,K[DA-6+1!F-'$ADEI MQ.$^(6ZQ1/TV_S(*&\3?TO[N/" M)5E[__LK?QXN9]E9=`;7N>P?05J.1\F4],A\&GDS>KF'YG:>/! MX"V9L]%F<91-X2HX890[)8P*;IC&?"27+29FO\D>"F(%A:$-C_&0&AC9RQFLS\.(H@EMV!L5#P+Y:KHW/:QZR M=\9\HO0!R`9`B*7/\R3-738Y-C'X-G5G`J-3V25&7-3\D:=9,'D47Q7_>!?` MYHM]'7*99/^);QF7N%PPV!2Y7)N69EKV4\&VM)%IO3TE MET*=P)`::`8VJ]CC\]H$DE@Q$R!3)W]G:I#\O_`_7"-R;:B1G^.0T8E\#=W_ M,`@^QPF3T5_<*&7S8BHR9P=(,M"'VAI8IP3"5IC(UA(E72,*TPN6OD(4`75P M,-(`QYB#;(LI53`&6"=!DF8\Z@5>MH:K:6L#@^E1KM$<1S-,FVT+3-.'.=]! M-BG*[QC\EN[P!X<,&F=@OGWZ]C+D)J5,!?H;Y^!HSKBWU M"^S6M:^I#<>&&&JD:X.!_18U9=\U9;FU':J+UT-!\2=68:U3YZ>99\.CA:F(P_3 M[,H$GV"79AOJ]LZ%?;(BG5,3HV\V0VI8^X!JZ.;I$$/-=B+/V=(N(=?"Z/O( MC#[D_C:YWS3W`'5L5,*6D?>WX7UQ`H!3W5_:4/L?NNK,'IL/1Z0AU_4[$ MN8##^,*+\0D.Z`??(Q]H;"I[4?:OP)VQ<]G[Q(V\J4:*?YX'V:-&/N9_!&Y$ MOB;Q?1"QL^$;X^V!^NFYJRZAG-2EQ#$-U.=P7EJG:D,M2>A2=SX10]/-'7+' M40,T4&/A,!M]%ZC[8IKL2I7OX-[2$LYV71OI^J&;X%9&.DI!@Z8[BL'+9-DE M5ZIADUVA\.M/S"!_S-WHCOW?PFA?^5*8[O]@7]VE><5V-QNUW14B29MVNVHP M2V()=^<3L]F-T0Y-GU'R7[E$\+'L]9=@[J&9L@5%OK.UH3/FMKJE0\!CT[8Z M_AM,<_+&0B=!G%`+WHKRT' M9_,D".%LNHL+'3-8Y5X4Q,74)&F^WJ=%ABQD890YI66)WY6(GF5.[+_@1F`" ML3T\.3;(4O(SC6CBAI"ZY=[1!%,N^L:7IDQ\67-U]7P*'^03+7*:17:T+_+W MN)?#$3I4*RM0KR32L>>$+U`D)17YY'<)%2EQ4S<5^4@\A1A>&Y?#%LX3D7B\ MFH`)T8K548ND3,BO8^^;NX$O4IBA-+B\7(2BM(\H63*)TJJ#::GCW[/O/@5Y MO7;?-W.^FHJW;$:Q6W.)E;X4U_EM2O^=LT_OK^^^+]? M+S[?D(M_0B,*#CNVG6A+11Z28?NEDL]?;E,@5.]C-X&:`N0#V\R\+$Z*TAV4 M,'F:0Z^(($USMA\9_/:*E^Q(IRXO"S+A4@T[Y5V0,L%DOX(.#TR:TXP)CP:; M)AS<6;"@/?@QA5Q?.B$7BWHE7[CB84]^ MF11-*<1L-.*4\]/$.WVH5P"G?)BRNU@6P_=/FD$M%(]"^0'(Y6=*K"Q-4GTW M6PRTZ1!Y`6ZZ<8H77XB?\UQ^P&/"E`U3$3F@"*N$:QD8V[#L;?JFP MH:/5<")HP;^[45,JN^&/Q2_*+T8_OB7%FZ!$3`A8C#8@4DNYL_6 MD?*CH,_V1"9/7]B."Q&L`C#SE)P!4(O7+:?`EK)X/(Y$^2D^V449%>COQ`]\ M#U!@"\9G$LK>?LLKMI3/LBT1U@8%+3@<#PRS1_:?&+9F<"J2-Z;Y%U'\"LZ9 M,V'*PS,PI`_/\=Y*[&$VR2#D?^++%>?-TP6-`^C0E`592'U>XPS433S/>$4> M7DF(O3=@%CVO7EU#J&*%&FQV!)MPL)A,SH7#W$- M2-@!@TV%L[#X_;("#AGJ?R$^V[GY-!>(NVQ\=E`JUP94>F.^)6'\`+/]X`;A M(_GG;V=?%^VR#)U1Z#&%\8'WQ6+8-^R_;,J_N'>1RPY:[*"3!F(4EW,4V+CG'PY>I36N6'\&K&WK=YRB;/6)7S>6'W"D%:_G;& M-FX"!WXF0K=,%]4,76P.C*,YN0)8)A.(M#QF<'+R;[/$Y=J$OY#)&4^D!MF: MN4Q?N(7DK8Y^2E86&<`AB1?*@<>@<)@XN8`HLE.7Z(>W4(,I?;)0IC#)9_I0 M3#T0A8_@87;0H<)!XC`-4NB)0C^4$Q?*II@G]Z$\P7%->!>OJDKMRHK$F'XP MKQ)O\5B5;@\!J&Q0ZNX=@,4++X6'$'()Q)*&5=)M1[#%*&(OKTR6SU#L.5D0 MY73ET5)WUTQG0?0"\"K1#UW#$XHM-TWQ-A`/1HXY[+7P;45&^:+8:9&&P8RQ M:$;]Q4Q?VN?@A#IECT-I.S:23YE&"+@1\>'F'+;3']BWMY0]0Y>_+/;V>`9UK=K#7NV/;]`#9S)D:CRGY8+L#-LB1@^[9PCHOYK^XR M;(83!I)/A(4B2%O:GSX%WR'_,]\.UXXV$^IF>;)B)#YGW"5TSFP&(;D1@3PD MGY_$V5GHWN4T3'F6R\(\"M*5\0IC%FJ=<29AIA88@NSMXF!56V3US/,8-S.X MH*)DW2SYFZ#T(UB#P%#LU)((O&Z+U48%PCZ]S187%8OYUP`"PQ6:JASH-I@P MRYO?CBS-0QAO&J<+,PMH5S`.WS8JT(1LS4$8P(7*RI+B36>(B1N4GJ32-JP, MQW@I2W+.6J7-RV8,XP([PKL7+Q3&LQ`V*()1%'X+N=F93IEN%C;X'6=06`F3 M7&A(NAB/+UC4A5O87>O3JZRP$)S%7$&K)"XT1BW9>G6FX!%BFZ^P_[D]!F44 MF8#]\*9H&ONV?.O*&I@@9<5.`@\R^YT[E:2N6H?6UDL'Z4$I!./ZOQ/5&+OB.TX MA[JE^;S8VD2QX%6G;5:>X/A2@?=VAOL)K@?"*@1L\[&RXZ?*W4\D>(3$(R0> M(:4[0M9?K\'>G6RSH5:L`_CW^J8*AZMB^RZM'T/3[:$V8N87/&!HUM#2=,NI M7+AML0&+\P%[P:V;!OPA[J<;#:S*'3R,#U\;CCE8?JTQ<-,YV'#W-'P\Y`Q= M-9W8\9!AEB?\*+7]T;GR&,QXIQ,T>7)<=GI[6A[@:7GUM$SPN*S,<5FD,(PV M73J+=@$BOHFI\WNF=SGEBW-SY41[_N'RF8OGZH&2VZT[G4CMOSP=X+ECZ,C4 M#-L2ZM<^^!A:AE7C?,['?,AJ>BZWI+/(ODB1.SN,D$=XKA6.`S6H,\-7% M]-$M M9:2(0-&S7^:S7*0#P?G0"S*^,7,'3`4M'DWLN=P?QQ0>!962B@5!3[%$&!-K MUJC0[[$'BA-FL,@[8HK]@A^47,0 M>HD75FQ\?EBO);=PLQ0O736D^=_!/$\H,Q12^` M4^CGEJ3+"7)?%10K*?!_*\*J5P=QTRF9L$TMW8H1JSE7!K?1!L&^)`WV);&LLFTXDQ8V:`GJ:!]!<(S3,78KV85D3W8RE(4&96'+2G6' M[0IJH;U#931DX&,K\_$^)16'>K4EYXY:^T4"**'%SU*R;!!.KB@X&JF/DM"> M)""B1Z_?9>RS"X[&J%P.52X5SU$6,^W"70_;$VZP!]GL4_4LE]=&5$%C$/5U MB[:@L0>D@]$!ZEI1]9R6*AD-OMZ=W=4M\7JVX6JN"1[?N]@KQU=F'<-?V58% MWL.\`\I*0B.%VRW-&EO:P#*:-9X4IRKB+"7.![H:U,9:DE841]>0!E./PT%S MQW5DI0;=(@@T[D/RX7R8"T5MJ%_+3+;UH6;I0Q0;B<2F:5>,0GTPO_!$N*4/ M)FW#";-+/\Q>N&!>J4'IL1PP"O&_!`VHZC&K418^DP/II#1C6< M)7&>'*3_WAB.-K3-'5HJ'L7AHAJKM.)L09!Q;VD9XV,Y652#N153>&1INCY" M49)$E%J/@>EV$-+.,3$B*1VB<.]IY,=%1KHH5C1/**\04J:@M^V7W"EXNA=> M&TD#9W8(I411:WN+D_,3.9'GOD-!/D3<.X%[1 M).;]\8\+IF:.]PIB?8UH+N782H;H+@0=]SC9,&_#?Z5:%-&KF?"VJ>D6FO"R MBIHLT6$6@-=IBFSE$A0NJ+,V7$^[(]\[YU/7@K_\..?],O@699Z:*$M50I'O MCK=+.4/--N2[*%&$DHA[=W!_+8<3ZKI=;?1CZ;_^.I20:20+CD+@<3^3#/=7 MG:7`;IVPYNXCE&`F)R1+ M7'^'#IS8":M7,1W*2D(C]XJ6Y@QMS1QAB7^9',"(4..T`D$&C>6+H9&J`WU:]F]AJYK@T%[C494I*5LOA6%98^$4UK;B/M\AP1MK0:-Q;I#J?R!`A@Z#CIB4;YEC)I9=[%!E8 MNF8Y%HJAI&+8>O1/;RBR0Y67\\(A]:DUAQ3V^Y(U/`C[R$AUL;*2:VKJ8\T> MC.6Y8E&0RHA[)W#';EK]U(+'=T0-+%.S;+OUL"4%>46.,"8$'C#=1#KUML7(5=*]QQIH[R-)=QQD;`;V:?^0ZB[T_ MIW'HTR0M?%;VX$=R\>\\R![)FP]T$GA!]O9=NQZK/E.@S4,[PHRLC!CW'F-L M_B/S931BW/J%/X*,2KE;%_H(,[)R>QCCA?FK.D7./"^?Y:&;49_XX@0NG1>J M=UD6>,,NEQ`<%KUKZIIIC#1CO$NI0G3@HJ.\3SCC!;ULV<7M?R+64#.&(XQ! MD%=L,08!]Z%>X8PQ",C27<<98Q`:<#DUG1^@),@89B`9S,C*B'$?,,8P`YGR M3AMQ)MC&4!M9>W5-QV`)#);H!4A'':>F\5#+EHW7&AF%2T5VS-L&U-MRR, MU6C?T8TX8ZQ&U["6Q!WR"GI1&X_:[W&B``=AB(:<0./V@R$:/8,:61I#-*2B M`(9HR`8RAFA(!C.R,F+"GYF8TPU\AEY)V2 M=.HF=%$D$YXCE!?(E,[IAR$B&"+2\^M68AD#;:CO=4!!USM>*Q,T%$X/\-V*KA4VK2N,P\,EM MR%;`T->13#(85(@[XMX1W`]TJJ!>ZM`UY9&L;4-W-,.VY`F(49![Y`B00>!Q M6Y,3]\-\-D?:U9`L*`YJ!K_TAB([><9$;M/&_"7RIF@OW+*;\D7B8-R,O"X= MU06ME9@;PS$UW6F\8*[JM);@+A0QE]!]I#J-)'$$[:%)!XZM#2Q;EI`=Y3A' MAA`>!!VW,=DP;\-=I%KP2!O[C:.;FC,R4`PE%4-9`H8L`*_3%-FA^,ZGP+T- MPB`+:$KS]N7!8<=FQ!S^2B\)I]:$=I]7NI.J=VZIKL4A^G-^&M-CO MS%,3A:]**/+=L0Y1FNX,-=L82'<#HP@E$??NX/Y:#BK4=;L:_,?2?Z]X7#!- MS1SKT@4VJ<0T4@4V(?"XGTF&^RMYJG;=SOI-F,.V*C#0AV-MJ*.!+K-@57U/ M/V0N8_^NP+'?VOD2B1#[@JWT@J,\&H8P%F.5FK\43+3VERI"A2[QXC!TYRE] M5WY8X[+-'C[3V,C;AB.VZXZJGN,G\`V&P\V*0!^JCM9V+F6S=AME0"C)AV_< M7;K>#FNWJ.>PZS5;WL3$]?_(TXQ,XH1D4TK8/D63-',S.J-1%D^(ZWEL\\I2 MDE"/!O>@B#42T4QC3]Z[D4=3DL4DS>?S,&!/GN5M^')5E/BS81@_@,SPX>'< MDDWRL"IB(?NU#P)EZOJ8C\)$1#]%4[!OBVK(TET1]O'X->Q?R]G'D64.!J>C M72-0^JAR8/ZW\.$\9OJ"*0^?L$]\[5P77%<5R)?(K3].T[SE>WY1M>^_S>DS"1H[N\++.4.297;-`2U-$^(F,/ M3XVC24SUQ1Z%(K@RAQR(&>Y,LH_%+OX[=1-"F7SYY`,S8V>W-"&6H;UD?Z)X M'%L\M@R:.FQ+40OM'=POR,`=N=)X1I'OE`'96\5^EI*O";T/XCP-'\D5G<<) M,Y9>71+4TRX(:8N0&OI>`4#&J8UFXD[:A/M\X)#%G9E7E'MMFHB@0<[?P/GF M'I".3ZV^.B91(4L!:?/FGJ(*.2V5\.O;=,CN#1_/U8W-NG9#FK8=3O6L1L'< M(VQM^(H1]?7!B<2TM=%@K#E&D[VZD28(M*1`'W;N5QOJSF7N'#T3Z$2>)"`% M^*U!QP8BC;N5A$"C5=PCJQA)(IN/1.$Z/.=QRL/>TA;\)EAXN+?ERE02H<-J M"MB:Q7:@L;%7UU5SQ.K!+4CT M<=PTB#IN7K*#+H%!WGN2'&"`VY:A&4.G-1<02I-<[B#%.XC]G,1I2N9)/`FR MMIVAZOF$)+U#P$Z^TG?R)?9XK`WT%AU)2&X$OBO`M^%00C))XRQZ096^$;ZD M7>K\O$ITCX(,(DFT#R*/6Y>DP$MAR2M`E@8M=VND6;8E3Q`2"F'K7BB%'+A% MS:WH;E'=[UV[+M@^@]UF_"G"W/SE'(*,('"AJ[ONS(`K2#`[G]SL4:\.J*KV* M_5!6*([NYS4TP[`TQY0I1D,!$B+0<@*-15BD4$O-).?H^R8Y8MV4;D=2(-*X MP:#=VSFHCVSW#B'/!LNLR"0L6&:E,1?7>]:&)%Y/EFG;DZJ> M-TG2^PHL2B#'7<=@Y&B65(V6%"0I`M\-X+$.2^=5WF$^)&-L@L;$4BORBRJ6 M6L'=22W@I3#(%2#+<0UP&[84"\NIR"QH&'S4F"_O$]3SG23QK/0=Q1&V>L(` M)+Q];[;2_!M#,T:.-C3L'(N(5[=J@(Z!1)U198TXA@R+&?+[9DCS3:LQITR*I))CGM/!!HK\;2N>I1PHJC(#Y)$U2#2N)N@(=LY MJ`^Y71P.M/%HEVQ<+*V#T2U24V2;Z!::IN](5+@_B)ME27";9^YM2$D6DVQ* M"7O@Q(NC+(EYD6,21!E-:-IT=VL,@NFM/UXE@6OX"..,!YHQ'N/MF*R.?02] M?=`Q>*;'*O"P<\'8UDQ[@"5ZY)9?C)[!K4H-T"6PUGM/D@:M<]W0QDY[J58H M?'(YHC:EOED`7J3%,_K$'W4^#2*7?(KO@C0+O)3\S$:? M:^0R\D[;]MN^2*K>.:0DO0'9N,GY<0YL)'8Y<^L$;T6$K[(M?7?8F6EHF)K9 M0IX6$E"62UT$OB67$ZJX7:W[PY3=D(/&Y9 MD@(OB56N`&&.8H4/AHZF6[M<7;1T+NX?_61S*ZGFP.7XDW9]J6J`W'Q4*\+< M_*4<@HP@=RPH!V%N,5X%,6XB/@511JV,9EP_8<8321^C.3I+@:U<'^?Q;)[0 M*8W2X)Y"2`8$<+R!\KEOW[7MA.HW\IAE*C74F#F-0/<+:"QXTAC46$BDVQ?Z MB#1J:33Q^@XUGEKPJEPJ"FSA,VFIYNE+"/.5^E(3AIE,*6J]3JAJ]\?I?0I1QAT"C4UJ87S`Z6ZH]JAH59',V*-[I M^&.K3-KJ3HG6=+RGN1?6LCH9SM%-ECZMK8:."2!:DDG3&/-)#02X7: MK5-!1N98LVU=EB`CU=E!BA@D)`+N91VC@126NFHT>BG\:6QH]K#M\"<4),FC MHSI+@1U=?:1M'ZLJ0#/)O%$4FG;D*;+G&J$/28J"HMS)ATC2#W M`V2L?8+M1GJ",=8;0:W<$Y#1C).9EQ%CF0[CV'FUI,GBTWLW#;RV_5(ODJ%W M21:2^FB/UH):0<%J)>:X/EZ,(61*4U1$)1Z0X^8*@9`F MCX8AC,48I>8O!0NM_:4&(;[84VNAHTZ\.`S=>4K?E1_6F&ZSN]&LU9",!!OY MWW!.!Z#P.JK?GJ7I&W<'Y3%PG%VQL\?BF-5'[);R9F=$:C+)X0U_.8CLE2DE"/!O<@,1J):*:Q)^_=R*,IR6*2YO-Y&+`G MB1OYRV?F[B,7L>++)*<^H=_F-$KI#@6G#7MGSM=/[;YR_I)ZY,#M\SD$Q=ZI M+GZX%1ZT%:YHW_&HALT.W@^M4:U:>.GZ;30\'3U[9'C:U:.74L#F?PL?SF.F M\9D^]@G[Q-?.=+]/KLLM@+`]X-Q-I^1C&#^D(IO\MASAM6WWGG37./IIV=)+ M8Y")#1LT.@!ITW3$9GDFV/TO) MUX3>!W&>AH_DBL[CI(E`)`=%`2%%[=)[[<)=;7"HXCZS*\K];"@*J%WZ!&GS MVD51;9*6&J212&ED]P:/FNJFZ'RF61OM2%]&N7?A_M*ELAF8G/9BJU!]I-F& MU7Z5"05((4?F+`*-ZD6J.A#$L`S--FV4$8EE!(%&920]U"\U7QP.M/&H\>:+ M*E)"LB.O0E'Y:R[AA'IQY`4AA0A+$D1>/*-E8P?V9_C2@UB<>1+?!Q!U9`*]6C]B(P"<^O)0*."ZAK4QPU-,8QF M00V@$AS?H<@@0WJ"_Z@VZZ(T*(=CW-/+CHC%JS$_Q\X3. MW6"?3JAXM8Y7ZZUCWQ%G<67OL>RA9NMCO':1R7^,0*/*ZAK4#5:),&W-<@9X M$R^?`"'0J*FDA[I!X\JT--VQ6CO8JTA=R0[W"OE6%J'Q<_<1[N$E\V+U[N2. M_F)9.+_A;65L.)HS;+$,D6JD19#E`QG5E.QJZLW(UO2AW?@Y736*HG:2#V34 M3K)KIY%E:([>WME<-GB0TRJKUS]IV M6[U(F]Z=[25U',>)3Q,^B^)SN!15RJC*\E@K+%%H'AV2#P1>)7UH@)D:3!/:F`SL[#)Q$X40LD= M)&O^J=X09`M_U>>+&W)^=OUW\O7JRS\O/UQ\(.]_)V]^O68?+C^_)5^^7ER= MW5Q^_IFZH`W7R\($*-.:H(M&)`H_)`GD:@$6A4'G)#C<8T7HW+3)`MSO&, M7A?G-^3+1W+QK_._GWW^^8)3'#S!GO"AOQ4(T M1MI`=YIN*H@B*)7#8U-ZA@78=9H@6_F@(!_@\O/YU<79]<62/)>MN#QV)T7O MG!Z2NL(W[F1^G-^&M+#YS:T3$!41KO9-^\IV-QIJNMUD(Q[D!3EL?@0>M65G M""6)MFQ$(Y^@3NB03D#@U5;&"A!&%L78N*F*,GJ(E^:'C+=$Z`@<.Z_]IQ_R M].3.=>?OBBX0C"?.IVYT1].SR+](DC@YCY.$>ED01^D-&_Y]&'M__NU__ON_ M?BJ?_.@&R3_=,*=?)A^#R(V\P`TOHS1+\AF-LO1K'`;>(_'B"&9W12=__?YW MP_S^;S")_STYH7??3D[X]+H.+YO_;?DA@`\`#.'(D'A"%MB0"CB<$D'YU`^+ MYRN/YQGU23:EY"X/?-XI=87H M2_DBUYD;^6[BI^1]S/Y#WA3;@SW\\>/9]?OR7Z,?W]8_=1[[P23P7)#)ZL-G MU^?59T>F3B9Q0B;`AO><#6?43?.$03J%*;742TX`F;N)- M'Z&5+'M]F@:31_[V()KG;&)YRI!D>U+=V,2%]X9A_)"^DYBGNB@H6XY:^88/ MR47F."A\HO`#-Z$DCUS_CSP%V0(;A_UGG@0>8RG&'R[;E>X94[O) MGS03[!B`%#/1"!F?I/`E^ZY2$)FX]VX0PHY.W(RS7$4BB.]F]!29JI=,95:9 M:I63@&_28,;X(BFY!O17E6V>,)M6,\:2][8:L&3;;,I8$685Q5GQ%JW4A**R M-_M%M/:^Q4/Q;4J3>^!HH76+!]E9D(WCDTD2SV`Z'C/B8G9&=&&,V\?*8\4\ M@/E=9/Y^,K^UJE$KQ"_819@""9V$S-+G>C&A\SCA=@645]!]$$E@\O0Z[MFL%\P^CIN4GR",1W9Z+[H.`X8?EQ M@KLAMZ*9`5GN[IZ;3IF:*_L5LF,I#4K=M];$D"M#]TFWA/D\B;\%C&\HO",H MC.."486!N<)UZ93-Z22CR8S]*&/&*&-+9ABS/W$.7ISC3@D[!/B!SY6XV`B8 M3>M&CQOLD(7^3NB_\R"!DT/,6)Q;V>SA"MNOHL">JMC"?%MBJET<-QZ";"I$ M:7EH*,\B*"-=DQ%VF&,G..?$T$GE>%CK0UB<^9@8\).1T-F,&=@A M+WPDWC2.&>.R;PN[EW@TR5S&1Y/%R!LLEE7.>U/Y''.5__:4@%@_^9[)S2-P M-H6M1?`ULV:6HG-R^WBR_!=(7R!>SOX3)`F]CSTAX7D4TA2.DA%]$*/!Z&"S MD]CS\H3)X"67S)HYL+'*]X,>69D`C)Q0-PS^P_YZQ[`HUAZG:6'8<6&MS)$I M!=C$;NF*SJ)N$C&1XTA1EVVG:<[VV7_G\,1R-^5GC*JRH&++C4$WA8\;Y@]_ M9KHD9GLU>`%@H*KRJ?/G;>656_'C_9JRWUZD&5>/J8H..X8`:/<%!NB=:W]1 M!RO2Y2I!/[$-EMFC[L+#M5![3+"RPC'&A)DQ/]B7L-WS;;6RI3*CE3TQ9\J( MW-&()DSE/L+?Z;QBO/P:!?"OZXR+$GO1V8R=R#RWW.]3IA8C]T[X'4`=NW]2 M\)@5LL>-EQ5K&LR%R635.F\>+.J MY[Y`KEH+E5J#T^E24-B^D\;/3)!#P'0YC7)AF2TL,E\X^%:>F3.H8C]%FZ5K MHG8=W$7<,\UX:\G,8@NE)5FKFZ87YCX5-BL8+MR,A9_#_74VR<.%6:\51U2V MD2_L<[:+4]@E%\(N3ATWG$.+YG4!]_U*KLS:?&#Z@O2.?5@ MC<3+4P8>3=C<_HSBAY#Z8C#X$0.1_35Y)"F]XR+.U,)9&KC"1S,-V),)]Q3= MNDP\Z6W&!2()*#?5E[Q245U@PBQ7*USP<1C?/9*IRTX]27S/CAU,WMABW32. M^&)+&L"T5MX4B?,WIXH+YVHVJP?X*J,1/XH()9%S4Y'.YF$,EDE0'*#`N&%/ MPT*9$@L?P6+CBB4$6Z8XO=O^^LG6_=I[.*7B[N.0I&%T`M-H&4KY$1A\D#&(OPHP1X MBF$*"UG(01VWP6-%[_$F<:/4%3?A9Y'/_QD*H@AK>G$]KJ+M7(!%2K1( M!1^TH]M?U%&<=B#!3,0BKI\9D_-D/W=5AU4,:5#N2X\6D]15LYCM7Z$+YW;N M.,@C+EJ@!4L68C)\S92SS^28_"-P_PA<,`!`8US1:!9$MT'U^OOJE^K5N=`L M\83IN&!M3/C#UZOS6DUZ^=2EQCTQEGYBZB>6HVTTFF$C*UB^O'B!%S%]4'T] MVV+C-0=[^3>-_'IZ?5JBHI5F./TF-B@"ES<`)_C`N7F3/?40%OZ%*V%JIZNV M]MH4X4C!]E>P@5;>L6ZQ%-T*=BUG%]GJE/R\[J41&Q^/%"AQK\Z2[P4K9-AP[F,KK=*@F.&D?JSKVU^OOJB%& MG$FE#F4YX@.J+55\M!2(B*WBW!> MO8CD]6@8PE@,Q9J_%,&[:W^I@8ROWC%/[46T^`F[`'J+9(`$!,-V`Z&N^35C$4E2IVJ`&T7PD[<%;0 M1.9T;C'#G6GUQ%6`4H":I5^8-JY94)-P7R-R?:-B&@$;5U5W5 MY9@62I0$UL"J9;R"0/'Z,:QLW:OZ2H;S6L'-YZ;0'6IM46WSK+BXG`2IYX8G M$*_"UG+"0Q;E,JE5I5";MK72F+>^4^F6C4+6M)`AXO(BCEJM^UK-=FS4:E*9 M#@I5Z9)N48<'DU8#GM@P\2R(W"+&KHR.*F*F:H(K%T&4=4&C+X8D%IG5E9@K M$9YX2L[J0SL;GM_&N,XB%2UZ7)G[DY35(K<\2*F([EH-()V$N5>D1?"@_.P9 M2KB5L-EE)9*-"TO*])IE,&=M"@/4<&(_A.=\C'3LFNB>N^F4<1&DF2^";<]% M5+CX4;I":L@Q=T,O%Y(ADK?R>2&#*U&Y($AYNDC-*D[XU3C>A`BE>I-N4I1W*V%R>N[135.1.._>);20/R%, MZ3+>-X%XQEBDG!5"F]:7;ZA/U-XWRV0E5P6HPGX._[GX=QXPPV.9Y:UT7@IG M5^`%_J&"#2:EM+^H@Y41$QXRSQ/V3Y%F_4($_E+,M:K>XH\$/N04NDSXI^SU M3.;#@#$+[&3W-,V*DHF@`&*&3@`[7U$1)BA?#2IBQB1L*LJ]0+4*4=6%OY8N M64]DO"PJX-R7)4*?E)6IYEVDE;H0M8ID*Q6PHC28^0+;.Y%JBEU%8AS:4JF3%S/!,F>?E8 MNB$E%KXMN5 M63U,1<8UV.VIF!^8YL79936=&Z!@R`?W@9_SO'5AYYR2RV46?F&Y/?M@9?+E M&)M4\0S^.6&F4`S9<+6)^Q432^.G%9$:7BU65TFVG[N/W-X37SVR,2%7FMM= M&?'8823(3AZ8C3AE7)46.5K%7Q2EY.HLSILU]\IVEC8R19NIC/KOO3&TT MLK6!X\#HFQ.UM4K*3?A8NWELM17PS6,2A._._'M.NIOXGPP.1I_RR:]07B7P M+XJ40X5WD`(AD*8"(TX.CE*1))T5#@?<6MI?U.'UVBH$OZ\0O,@8+0A>G$VY MDDLSJ"4T$P=,7O:`%AJ*VX\^.Z^F09FBEQ<5$)DD)2[/1DVGP7S._45)`B=2 M\2!W_DS9X9D?87EN7IX%HK@9U'VM%M#84&F$%ZZ8+;5;)447BEG$:5:IYL.= M.3"594HOY+6&E&<8#N6FW%DKY<%)[XDGP(4D8Y-_PR^11'=Y^@#J^05%R6_@<$Q>@.P$8BR).Y(TP&3/W3U'7$5R8P@`K M:M16\J67QP7VI;"HN4,@?4N@5M*RDG):^>FBO,X]K=?YGZB;TFD<^E!`)V$# M<2B9?0S''V8G\U)-,RA7\9^B]-;:2L3)8S$#7C67?2XL]!"&+XM)%#G@-;.; M;*C!)*]TH,AO:(=2'DEY;<3B>"@V_J=.+UZE*:SH_<)I-J6AL"#*,D_\L`<7 M!.QPIE5J+XIRC7\4-U*5,LA1Q(^JQ2-0/R&*>,&51Z\LE\^/P&#)%!<&7I!X M^0PJR'$G/FS^#W"1]L#ME&Q18O;I,MPG"Q$*0)QFJ5_4IJ*^QG_*YA.D5=-J MI>QT4=:1:0U1]J[FE?2;1ZF?KA>,Y>5M-\)X2CY6JD?#?1_H30:/7S%%*W

I(POZ*&C+A79*J.:8TT3Q87E?S^+TC_+"M:P.MON+?AP85* M&=5J714@*A4AMRM#5GN>W<<@>W*\_<@L[_/2?L6SK#B)+`!!^ZS]11WOV,II MNSRLE2?4M7,ITRE/3Z),,]W%YQSQZ)X)%@MHE]>*)?K%(=Y M7K91O+B8#M]SYEPWG))-:"[]=[JIZ;;07=_9(T29$=)L_,`A%QDFU8+^P M#U/JE5?#=8.)PXK!5V%)+([(RA;7F(T4% M80*M@:#%5*U5M8<66=%"%T6/A*\TX4.A1^Q'AB;X%RY,T=T6I?R@G>IW?LJ4PNIL#_<303VQ'XSX43YP,YZ+&Y"P& M^\D5U[-55Q*_307!YK]>-L7BA;O%8["/@4<'K(_"^?3`YPMV41%:%^73+@IGBB/J/,Y`-3!UY<.O>5.3*7?\ M0:EJWL`%W$T5O;FP#4L+C%N?7)NNSO(!CI3T&TV\@!^AD[+R8AF)N[JFI(@= M7#H58$PPHI:\N`X$GZIH799-Z8(JQ>.BA^8M[;`W:O_Q1MG9A*S]9K#L, M9D%6%/,F7TMP%!`(=P4J7!N%,\O?L?#+@4V M:>&ZO(:B\REYOU*LDI%V0L'[*48M;?&5EU>BF&.)/4R-$8?1I'"S+,)6 ME^$"$/51Q%&+&JT<>V"KR6IQ2YE+5F*%2JQ0B77D6I<>FD.;HNG[CTCS986%).H%'=H+KI(6TDLT/7Z@%U^Q2P6TF@;>XI MFI:(7"`@T#OG34MIW-FX^X#14H@-HAO M/^:I>3!!Y2%<2ZZ=@:9+XMI1D%9R>)81^&XH,P7H@LJK.[3:Q8*NE$I?YO6\ MD)>S2(P^CWF&CRB4\65RSFNF707IG^IF#*Y``E'B`A0"J'"\,7='%BO\#ZC( M-WD47Q7_>`?%89*3P*?Q7>+.ITPD"2"E(%^D]GVE\3RDU42$*SIG M>U+@<9::!I%+WI1_'O[X]>J\_,?HQ[>B&F$"ZB]\U%8S&\0$EF4SEFF#'I2L MYDPKLA'K"K47F1U!-`ESROA\4<@&$IXSJ.^A+4LC\H+;](X-3:/[((DC406G M6.#5N4A**08H:U/RY,4RN8(O2\Q8C/JX4@ZS!L[EZ!S92L[-HN!E68+#7=8+ M2ADWP-\@(TM4J("<]>QQ7E0LJ21CBI+?_/V!*/K]&2I$DK,9A:*2M?,KL2S0 MI<7%<$U MD=X"].%?N$F9I0IE-1>5^2LY/V*`69!EHB#2;1*[OJ",:$3`RX?RPD2BJK'[ MC8_,*ZU#\X2B#P#L%EB[OPU==E"Y[(7T5XM,\^RV:H96*49Y*E(**SN<2!(4 M6QR(3GTI0Z\LNEY3M/:4_+:H\R#J$<*/.;=#X>UR\'_G+B\?.UF9M:=F-ES+@;+B M(T/RY6]T6>Z1?H/L3*&HH7ANDO@,$J-66GS,QD>#\!Z4F-B1>LOI4, M[RM1'>-J61P#<[Q_+$`A%530-&Q_44>I=%:439@D_#'(Q7UPN2FVJ*10*57& MCG65A.:BG<"+)5F_L%\LJIC-8I^&944M7M3,XTV-JJ,L[]`GBYN=J_9R[/!#?,`W[\>SZ/:2]#W1'(TLK MMD8L3I=F[0:]6X#)-;FH(+F8'R_FQC1@FKLI+Y8(E"FF`)G`RU*S3%.R/8N9 M2`L:<1W**Q9!@6]>L`U:2R2QGS-"+?EX-PTAE]P$S3O67ND3:S$%KXTO2L5Z8IR MQ65UIQ_*\NWP`UZD4^1BIYB)?;Q,[%/=.48BMF'LX=L;G:XD.77+;W?\K&O' MJL.0K7@C@-9X-8^]IW>FST)]LCW`R*1'*`U@FOMX\0<#<K"$.HK"R'NK'1Q%@S*!BAL5MP),BHJ[2<7]\4HH[E5MS8Z%J+`ED`54 MV*BPI6=25-CU"AOT;E5IP]TZ.$:++NH^-!J)W,)GF6109/(Y5?WQRWOR9@*= M7-D#M[&;^&^K8ZS[X[:(LNDZRFJX\E>[;A:5F:'510(7H8MV9;")\XJ<14.W M\+%:,7[ITRP"&LHB\J7;DY>==KWIPJGY3`LV\2K@R4JKDS0N^J@_DML@#.$6 MOJA[N9B]'U,1SQ`_1*N]UL#I[S)<$EY<=>'W%\+!9":E87W9YQ^#%G$U3K]YJU5)]<:L%=T2K ME=]I6.E/OO)L45CX#5SCOSTEYYO_6!:(3D0%Y`DO8[OZ"QZ-$8:+N*/BKFJU M/WJU;'3E$E%4RM=XSZ$Y[*LQG(YR?N%5;8_.M%)U!*T:Y`0-%$^@UX;HS<;G MPS;L+`ENBY`."-JJ/+WQ.O(9D+B"76F?4?0-+OHYBWK9HO,((W>T#)'BVE`$ M41'7A^!`OJ2:6(@-"FZA`C_'T3G"$#2%TMR/`X\9:`D!(1U(3M M+^J(#=77R1P49.;"S^]Q\]LT\`,(45SM_IA"YVXF5FS@B%IDO3#1"],KF9Z+76CD>UR"N)^JZU\WEJC;$ULV$"BP+^,,2HPU8$E%U MOE!H!:XK74'JPWAY^SM:ZZ+"Z,F`TG4!6&"6#NT5L[3*'"]$ M615/E^V!TKK3K5^67F)S*!M.\@2`0,0S!<+$+'J`5/I!\`=`9['!J>BR.2D[ M<"Z;EQ>16%5=`;JNONE1PL=D"BI/-JC>7T1,_*S88(1CJ%A`P,;AS3@7'3AI M5$3&L5$AZOZY$&`^\^KRUI?F!Q/V(O'/6YH]T,)GM5R*T)^\@T4D7EJTTQ4[ MX09PJQO54V)HY`D1W:CLQ%IQ4,R3^+8,0!--3JC0Z\+GD$%*Q60""0FP2O<; MWZ5*[N/]1L%6^B#7<$]]]W>RG+$+!R[.XJ57 M!3JKU`Q5-E;EU@6_FPGX=S-F\S,(_X1,#+;62"1]P*)3WK^E:$P<90RNNF$Y M+O`,W_.*]M+/=RRN]"/=L$\MC@U7%&*LSX20,V;XFL01^^@))E?W^"!P(4M@ MR"HRN-&UOZB#-SJF3!=I"*+I)8@BA`V7[?,J]+^&AC]NXI-?Y[S[7B4O[NSZ MUTI>'!_J!$9;_N*]&W(=0H,>!BXJF3ZHWA= MD%;;Y=%HZO)\"VB*S"S<7.R7;J$N:"0Z+Z73)RERM6]>Z=BZV,4JWU8W-!BF2'1)/79X6<-=4,5E2_7%)_VF!\;W0DL^A\N M^WGR2$2.DB4BZ/GA-)@M'EVP$/@GBQ<4?ZM.,9WR#F&E"'.#I,([B^ES8X4/ M5>4Z=BA=]N,52P&W*MR^)()?:EKD<=[UXWEI>S%%56JGI5TA6I8Q,L.J*N*W ML5E9G2:1.6-@UUQLW"QK6W8SHS@):/8HFG/'['N18L)S5IF(L?@TF,'!DA; MKC6(/^0+UQ;,2T@)#,0D!+HA\KSER.6'!J[U0>@6*UO,6]LD!S,W<@M%6#8@ MK^21E%HO@+[@,_%^(84\*_+I>XH.@K=T*8IPT2$N?I_OP/O$D;6-6;\X`UQ[ M4^KG(?TR^2CN)\Z+ZXF+;\(7>07F0><.`4?T@[23%8/]">4.C=J_D!!BN@%3 M;%!XF'V##0K[(`6(:0\T"VH2;%'8/->W7;6Z6X#O6O;P*W>Q$,K.D%>_O']' M?CV]/B4^V.,)1*F)P`VXOVJ$Z]6E0_,[@-I0']SFX*`6"8-3JZF-1'$ZRU&. M&H%&U=4?U>68%DJ4!-;`JF6\@D#Q^C&L;-VKVDQ3Q>>FT!UJ;=%ZY^R>)NX= MQ*&EGAN>/%(W86LYX2$.MUGVM M9CLV:C6I3(?Z@A4B;F6K4)2:P)6O9>31AR#,(T@C$J&*."-\FM M2X],%\D8HH(A*K()`4+:?;V">@0#5!IG>HQ/>O/[ MDNJDDR'^`T&77:/UGB*HP3I+.LFL["<'G8(@%F#7:8)L=?"YB:'"?>NGRQ=! M[YTU+:=S9N/NX\90<\:H@638F]O-$NLL!;8('_Y$[]R0^'0.O8&;YG6%<):HFF_O M86ZUU&7#A35/4&:ERE-"D&5/!E,7Y78UE65H]FB$DM2RB8'.W=<\SGPHRRG0 M;W,:I>C9E>'TB'Z55C(:CKZ#."/-&F$3)_D\E0@TNH1E1[IEU65HEH6M,V6P M!K#B6%,'$I[CUO*!3R6\I8[D1Q))LA498VUL884>N3V<"'K7W,I88TQ^U3:,+$W7&P_O0+$Z6J/G]8ID==V=DWA.D^SQ+/(O M_IT'\QF-,BQ98WT/F3&-X.L"J(,]ILGW.I8Y^:N[H-L(J6RNT^C6E MDSPDGX+[AHZK*``M^TU1`+#,G+Q2@)CV0+.@)L$R<[(67#G0?E?7R7$>S^8Y MDPM"RT-K0\;]OHVYNZQH=B6.31ZIF[1_X=1O$:,6C15%"=P`BZ_*"WK_=Z3Y%7UW.& MJ>F,CBARLMH:>/G2E&?G^4_R7DI:/64,!IIAV2@^4NWS>/O2V'GO$TW3=\3UO'R6AVY&?>AKD%`O M<+,@CJ2_A.D1)5H\;"#J>+F_,:R!9NK66Y0SJ5WY"#K>G_21(L?5 M9>9(LP(?$M;/Q9':RVT M?&!KHX$ID7-30=HB\-T`7@[EIP!=7DO964-M,)3I)D=5F=OV9F=S6;6ZFFDU MI=7./"_)J7\AVL:E[->\'MMYGB3L@4^!>QN$01;0%.NM=:7>VF$%JWOBC9#J M3(68MNPH52\C#2MX=4<*$-,>:!;4)%C!2]8*7MA5>[_SV)E_[T8>._O,W4:B-]#`UDCVUMK#LH&!+LS>TV MN>XL!;8(F"H<]806GOJ68]7Z#'6;9JAJ,+]RKJHMRNNAK9FJ$WXV)5F,:R&;F;@F(ZZO7>V0E;&+ZI&[I)(($/5BWXI;Y] M0S))M#LYAC8>-KX[(=UE<0PC\%U0BPI0I74U:-E#E$8)K91VO=.]B67?Z2"U M[K?F*:4QQ)@33P29DW`99=[RV59-$K5NV+^0X:,ZD8YR26I:FFFW[3M2CG0R MN+X1=/EU6N]I<@P=-K!TS7(L%"?);(3M$A*WSC2LR5(\CV>S.+K.8N_/KWGB M3=V4_N8FB1ME9UX6W`?9(Z8G=B4]T=SK>&6,S5,'8_\QGZ+?6428GPAK_9SS MG*)X0M*IF]!T23NV;]$D?&18K1%1$60>Q*[7C)\$U0)BBJJVWPKE-_Y3ZJNI M3MU[FKAWE-!O-/$",&)+SITG@4=1(Z"6[1>FF!;?J%8EI8(![T3B>EGNAB0, M)JA99$R3/]`SH6[4Q9<\2S,W@J42-R-E48@E;8KJ$'KK41']I@/FSS<+]58E M%2W-&1@:>[-$H7H*T`:!EA-H5#>R57W=XR96/S7;#_16@.*HQ.0$&I58-X.S M]U!UYJF)QQ89CBU-G^$5BM#Z&>X4G]P!8&)QEX.MU859DIVCD=WI1)HHX]ZS M%8(L'\BH(5%#OJ@A461E$ED$&?6BK"A+HK-0+_:!F:1S:"A>(N#BVSQ(FG=R M*(ZZU%%J2*;]MS_RQM1TW=0<77^+,B7]C14"W\6K0M1EBEPS=LN41P9#_=L5 MX&70OPI011)=B/JVKPPFG3M%(7_6MOD=;9<7ZS,-FG>DJ`OS-IL`8WG'&8'[ M`V_!)+T%0Y#QJE%6E-?52:NY'(T'.*M&;51<\H&,BDN%&`EV1K;:KAC:>YZ0 M[FRNF`>NI?P-Q5!N\P2N(M22["`-N93EN5-2@+40:#F!1FV)VK(3%W`*,!3J M2#F!1AV).A)UI!P,)9WCH[Y73??C1+;P1%T4-9S;+F.A$N;-NT3VB\A3G422 M;$I]=Z6HSF8(NOR@H_9%[=NG8X?JS(4Z5W[0V]>YO:>()/H/=6P?F4LZ-\^F MA*#N-R4^:K\1LW4?J%ITD<@=]$+[=234=EN-#%DN2"L$OBO`HS*30YDIED^# M'(`JLBO`RZ$B%:"+).Z*'11G\YDZ*+\[>C=^R%PF9_#/GWZ8!.&[:V]*_3RD M7R;G\6P61]=9[/WY-4^\J9O2W]P$,E/.O"RX#[+'O_W/?__73ZL/? M7='0S:C_U4VR@*:\6RZ;]A6=_/7[WPWS^[_!F__WY(3>?3LYX?.6GQ3[Z4V. M+A&JK>!IO6!GCX8AC,78M.8O!0.O_:4&(;Y8QSRU%^KTQ(O#T)VG]%WY88WI M-WNTK+T\6B;3YN,Y]B?&GL]][GS^(@&4Z(1>^F9)HRY9E`+$M+^:!35)<\7& MD.MWN^,\S")4]\3.#D)DPDY"Y'KJ1GXZVU<` M^WBDLYA\K6K`$G: M57P#1[/T(T^08T3$#2]?L@8/B))FELEUZ:6VF:'U&Z4V,^:0E M1V,^:>=D#+.^NH`IYI-*D06&^:2H67J&*>:38CZI`ES?=C1/MP#?,WKG7X$; MW4UH1,ZG-&KZY*L8Y&T&Q:L(]:M[U\G0U!Q]C&(C7%)3EX#5T6H M&S1RAT/-L-`3(I__$(%&1ZWL2#>GIYR!H>F#]KN2*D!4V8Q>A0X=A<%[/[^*-A@V$\VF,-G1XRL?R*C! M^J'!7E$WMIW"W'MFDLWP5NSP4U;M"]SH&%7[\*PIKZ&M(M0-^I1M1QN/T%I56,FVM]?XK=*"5NY),`PD5HFA%? M6-WG']8B2"[@7_,D2&FJL3]Y[4=-JT6JYBUT[$XCO1>*V(:NZ<-#.P^C+';6 M>X[`=T$'*D"5!G6>[FB&W?X-H:JB)Y'YCC6^B]8PS&+'QC#MDZ)UTQP;PQQ> M&XH8FN[HVKCYQ$;5R2.#UQQ!EU]O]9XFV^HIB^FIH6VAR$BVUV_=6F6]9O^>*Y2R4&39=:;V@.1:)?W5,C?%"7F(0I!)6>P^L#;O:M`A;)FQ!L]^I MFY"+R&>G^VKW!)2)1F6B"=\6HHT(>VS*E%6=6"[ MK!Y;?;U$MUF&51S"0Q0Q8G@T^P`11`0EE&,EC*0W9RFYHFD&URIOJM(APJ?W]C&$/-L,>OKM!- MI$UCQA[BC&6!FM,V^W0"97K',35G;#=C2"I.)LG,S?HPMXZZ0G<+OY#VAH3:PU$\L@;:8*"W[BA6D%92.(X1]V[H,@7H M\ESR+C.=#6>L6<;K7VGA_G^8^;R>P;MO;FYM+H8YPL1J$I MIO)B*F^7Y%"61`T,8,=47FF#$S&55P:9P%1>U.J]PA13>3&55T6^1TB[KTJ4 M51V8RML_JT]=CR=FJ_3Y"E-MJ'>\A)3]T^OWN<+L#CDN0Q%GU(*H!67I]J<90 M&PQU-'PD,WS:]LVK&@*[B#TEDSBI)"PUWT`022++^0"SDM`5AED[LCFN$?<. M7AA@MI1$.K4EVQ]E[L".B=NE2RVRJY8-%A=_75JYF%.%.54=$C99(F8QDA!S MJJ0-I<6<*AED`G.J4*OW"E/,J<*<*A7Y'B'MOBI15G5@3E6/K;Y>HMLLPRH. M(;9'Q.9^B&#W$<3VB-@>47ZF;3NHK5MX[WJQ6`2K9>XW,E_<[[VYI1&=!-E; MXF;D(V6G)3L@>M&*^ MJD8^R4Q7Q4X/OYY>GW)_:B+,6$*_>31-P7S]>G5>XT8U'72CHANU3U"WD7PK M7"/H*93(18(XHT>V6TB_>MTE;Z%*#O\$ M%C(#-.>U-(D;AO&#&WFT/1%1F#Q2A^4CB1K;IDRS76-:=?HBYM)CWK[6ZSU% M7EO+6>:@76,<14XNPUSQ&D,W]3'`K1]1U:*"1#8XEK!LO]Q:(SOAB3SN7`5Y M"''O!.YRZ%@%Z/)*.A4*5\KE>U=5YK8U^==+6#Y7DY(7KLS3DSO7G5=^^(%. M:))0G_WT+$UIEIY%_J?`O0W"(`MH>@,ON&&S?A_&3/ZPKB76M>R0!,I2M0BK MN6!=RU>BT.&9^EC,LC5!P&*6J,I[A2D6L\1BEBKR/4+:?56BK.K`8I8]MOJ4 M0Q<+BDFEBOL-8J,6`B*("+9V0:>XF83E+/ME'ZE[@UQ6".(%@^;L8\863<(X M38GG)LGC)$X>W,1O_>ZWWU3`A.MFH3YNH,0(\BV"Y1L18+HQ11TFOHUJN M$:0::66S(W")(LKMS>%.COEVD746]E27JA(K#J1 M.ESG_84ML+TJ\*KS%&(N/>8RZ-K>TP1U*UI5[;KDJR7G#ZPFSRO2KY>MG\`R MP"']_O&*WK'_IEATOH&B\S86G6^&U&S^`7RH5MTFB_JM0?D;+,=X5+EZ]3/C MX'3L/&O(8`WC+23C%CYJ-YXNO5N1P77$J@+;>#!FFT7U@J,2W-L"S-&MLH M2U)'A2#HG0G%.:K^ZCU)#C=\;2*D:ST^+9C#20Q;O,@+?$8VE`&&V\DVW9_BB[,AG_*IT;MP4^VN0 MI^U%FXL$5I08;89R*(DS,C."K!K(J#"0E^4&62)34+$3$P;NRG;TP2@UC%+# M>#49V$<.URH"C2JQ0RJ1F*9F,F,,Q:9]4P+C:9LZRF`\K7P'1_GBT92CT8X[ MAZV-!F/-,48H2^IYNA!TZ?57[TERN/4[T'1GJ-DVQM/*9@ZT[4?&,`\,L)$6 M>4FBTQ2D5$T\;6MF,-)#%J MDVRO,.)-;QIX9][(G?G1-Z.QYI@&"J5,0MGZ00:=PJW89`A[*QL4WF*U<`8: M.MK`;MEK@/*V[]W7TTNMFINO?[I)$.?IE\DD\.@US*B#5U\55_`?>9H%DT?Q M5?&/=P&XAT\"G\9WB3N?=NZJ[%0_3AM1P]HG$M"R3P='NUB0AVEV98)/L#O%R;"?RG,WG2?PMF+D9)=?_SMV$ MDH^49LC];7*_:>X!ZMBH!%H@[V_#^U&4NR&Y8D\COQ^;WW=@=]W9`]/AZ'2$ MNGXGXEQ\FP<)-VY(/"&?J,N,RD,]7P<:F\H>[?\5N.RL1MXG;N1--5+\\SS( M'C7R,?\C<"/R-8GO@\BCY(WQ]D#]]-SA7"@G=2EQ3`/U.9R7UJG:4$MRV=*= M3\30='.'Z'34``UD<1QFH^\"=5],DUVI\IVA#0WKS=4O[XFA:R-=/W03W,I( M1REHT'1',7B9++M$=S9LLBL4,/*)&>2/N1O=L?];&.TK7PK3_1_LJ[LTK]CN M9J.VNT(D:=-N5PUF22SA[GQB-KLQVJ&M%$K^*Q5D?N;\9.1_:O(\DO;N)-B6%S`_TYK8\^]=<\P=XPX_N/8.E4 M+_\-ICEY8Z$3'9WH?8%:$C.W.Y^(J>FC'>I2H09`)[K<=LF63G1'&Q@&M\S' M(\U&+[J,8H!>]->6@[-Y$H1P-MW%A;XYYKXFG'X1=%\V(GWOALP,I==32K/N MQ=K+&CN_DHIU2/.3!.!\<+4>LP;[#YW\*'\SCR:912 M'^2!KQT$A1220KBHO./\]+A&66A0%K9TTQVV*ZB%]@YN(63@8ROS\3[^Y*%>S4?<46MCE4U^ MZDC)UX3>PU$A?"17=!XGS-Y!26A/$A#1HSLOC'UVP=$8E%VV)YP^]4Y5<]R>6U$%30&45^W:`L:>T`Z&!V@KA55SVFIDM'@Z]W97=W[ MK3//8S]F)D="/1K<@W-?(U$S!2/VONGB^,JL8_@KV[I^/,P[H*PD-!*U8FG6 MV-(&EM&L\:0X51%G*7$^T-6@-M:2Q.$=/]&&JOYC%Y)Y&?IRDQ(U\$G,?S3RAG+@WEN6E>`B,)%O2438GE%4UXJ)Z0Y$MW*4W<>:&Q,N3A$89<=.49DU[ MX'9%OW?^-RFCIO;;XA26I$8VKX&F&V.(*I#E*DDY"B/FTF/>BC]+=1I)8MX? M_[A@:N9XKR#6UXCF4HZM9(CN0M!QCY,-\S;\5ZI%$;V:"6^;FFZA"2^KJ,D2 M'68!>)VFR'9=R;@+ZJP-U]/NR/?.^=2UX"\_SGF_#+Y%F:'=Q?R^&$NFY7&_U8^J^_#B5D&LF"HQ!XW,\DP_V5G$N[ M;F?])LQA6Q48Z,.Q-M310)=9L+#"4P.N/-*N_[3_/B(I`Y049WK)>!XQ1HSE M#NM!G+$*4<IQ'9RFP6R>LN?L()9C)"RDM#(O:*E.4-;,T=8XE\F!S#BW,6(#+6QEB128FO-]\8>6MK` M'#9=:5E%WI`C=`*!QHVEBZ$1:D/]6G:OH>O:8-!>HQ$5:2F;;T7AG*8SSTMR MNBR@7*FM7-9U"0/W-@B#+&B\O#(6=Y$Q=@)+'$B3#[KU/C<6H MCYA+CSD6?E%-*^[C+3*4>10:6KEF. MA6(HJ1BV'OW3&XKL4.7EO'!(?6K-(87]OF0-#\(^,E)=K*SDFIKZ6+,'8WFN M6!2D,N+>"=RQFU8_M>#Q'5$#R]0LVVX];$E!7I$CC`F!QTU,3MRQ/5:']RSB M:,YPJ!FF@R(GL8.LG37<<9&0*_F'[G.8N_/:1SZ M-$D+GY4]^)%<_#L/LD?RY@.=!%Z0O7W7KL>JSQ1H\]".,",K(\:]QQB;_\A\ M&8T8MW[ACR"C4N[6A3["C*S<'L9X8?ZJ3I$SS\MG>>AFU">^.(%+YX7J798% MWK#+)02'1>^:NF8:(\T8[U*J$!VXZ"CO$\YX02];=G'[GX@UU(SA"&,0Y!5; MC$'`?:A7.&,,`K)TUW'&&(0&7$Y-YP:"**,)39NNF_H2XKWSSV!8BRP2T%Z0NCT8:<.!@=<$4MVO M(<883B,MSI)X4HZN"\>F9MDFQL[(*:X8.X/[3B\PQM@9R;<=\L8<&IHY'*!1 MK'CL3!`1^'\#MFKXU%F*[.@&:SI/"(%OV,D2)SY-^"R*S^6JTC@,?'(;LA4P M]'4DDPP&%>*.N'<$]P.=*JB7.G1->21KV]`=S;`M>0)B%.0>.0)D$'C;&<$Q-=QHOF*LZK26X"T7,)70?J4XC21Q!>VC2@6-K`\N6)61'.%TQ3,\>Z M=(%-*C&-5(%-"#SN9Y+A_DJ>JEVWLWX3YK"M"@STX5@;ZFB@RRQ85=_3#YG+ MV!_^^=,/DR!\=T73#-I5OW=#-_+H]932[&__\]__]5/UC]?POS,:95\F7^8T M<;,@CM*SR#^O-K>^C+QX1@E4RV$SOJ*3OW[_NV%^_S=XZ_^>G-"[;R!SS$F0N\4?*T7+.W1,(11&:_6_*7@XK6_K)@!XW&-9Y@\[^%#^=QY#-QH#YAG_C:>2_X MA0"1>$*6(L2=DBM"1`HI>O,I3M.W[SA?W99O>&VUVA/O_=$M$1WZB:$,OGRR0?JT=DM M38AE:,34#0/%HT'QV/(NZ[`M12VT&TEK5PO2UD^:SRCRG0+3>ZO8SU+R-:'W M09RGX2.YHO,X8<;2JTN">MH%(6T14D/?ZU[&.+713-Q)F_A_Y&D&AZR49#$I M?!=-7&P@YV_@?',/2,>GEO,L,ZN%(2KD'IA[BBKDM%3"KV_3(;LW?#Q7]\KL MV@UIVO8M%X:$ME[D5#&V?RF\B9BV-AJ,-6>_'N\'V#F*TP2!EA/HP\[]:D/= MN8#*HP=HGL@3FZD`OS7HV$"D<;>2$&BTBGMD%2-)9/.1*)P>?1ZG/.PM;<%O M@O7@>EM%0B41.BS5R]8LM@.-C;V*$1W'`%.==@BZ_*`W%J>!)#I4I[7FE1D8 MFCG8J\@.%G5K0:*/XZ9!U''SDAUT"0SRWI/D``/ MV.'G)$Y3,D_B29"U[0Q5SRM2U+@I;#D%2!+@Y:[-=*L_5H98RM+ M-8*2.DN!+;R`1PVXP_19B;OYQ#D!'DCH7K(,PM MQJT@QDW$J2#*J)71C.LGS'@BZ6,02&XT?%KUY\% M49!F<#B_WZ%8&U95Z57LA[)"<70_KZ$9AJ4YIDPQ&@J0$(&6$V@LPB*%6FHF M.4??-\D1ZZ9T.Y("D<8-!NW>SD%]9+MW"'DV6&9%)F'!,BN-N;C>NS[QZ6U6 M!CBTZTQ4+ZM&2H-QTVDRJM-?B@@61!UW(^E`E\`@[SU)FMM?+&.D&6,LS"*K\+4>D],;BFSE MU+N),S5/6\29+>5V!1`CGN.@8C1[.D:K2D($D1^&X`CW58.J_R M#O,A&6,3-":66I%?5+'4"NY.:@$OA4&N`%F.:X#;L*586$Y%9D'#X*/&?'F? MH)[O)(EGI>\HCK#5$P8@X>U[LY7FWQB:,7*TH6'O<-;!6T2\NE4#=`PDZHPJ M:\0Q9%C,D-\O4Q:#C##(2`W4<:=2T^CN/4D.,+)UQ];,L?[Z1C8*D[9.-B:1V,;I&:(MM$M]`T?4>BPOU! MW"Q+@ML\="\:V9MH#+-$CM_QB]`QN56J`+H&U MWGN2-&B=ZX8V=MI+M4+AD\L1M2GUS0+P.DV1K:-PWH`?ZBT)(B^>T2?^J/-I M$+GD4WP7I%G@I>1G-OI<(Y>1=]JVW_9%4O7.(27I#?M.M+50/DYJ-:$>;F+^409`2Y8T$Y"'.+\2J(<1/Q*8@R:F4TX_H),YY( M^AC-T5D*;.7Z.(]G\X1.:90&]Q1",B"`XPV4SWW[KFTG5+^1QRQ3J:'&S&D$ MNE]`8\&3QJ#&0B+=OM!'I%%+HXG7=ZCQU()7Y5)18`N?24LU3U]"N'=I$NB) ME87C7PJN:K.>J6IDP,L=^4#&*_>C)`PWG5+0>IU2U>B-U_\2HHP[!!J=TL+\ M@M'94NU1U:@@F[-!\4[''^.$/1\1+T\2&GF/)$O<*`UYB]VR#L2=RU!HV0VG M7JE125W21^H(KY:4M5<[SS`U1V\@`0VUJARV,P(O2QD(U(?RZ<,#=2D[']AO MY0D@49!G)`DH0>1Q-Y,4>"FL>P7(TLX.9&MV\WV!40IW=5NM`%"\W32Y[VD- MJX;[Z2PJ@#P_J^Y0<`NWXVI.S*?6HVUV)47O/%M2WHOL6QL)Y6RGR!Y3U\9& M`Y*M1NG0HR,L>:;>NR!!FIS@Y2Q"`A$7`OZQ@-I+#45:/1 M2^%/8T.SAVV'/Z$@21X=U5D*[.CJ(VW[6%4!NOFX5X0:T\,1:,6`QFHI6"VE M9SACM134TCT#&DT\V7D:<9;MB*Y0`MF%FT1LD6F9F#2G"?'BV2R.2#IU$]IT MB5.%H,=$56EAQJ1K!+D?(&/M$VPWTA.,L=X(:N6>@(QFG,R\C!C+=!C'SJLE M31:?WKMIX+7MEWJ1#+U+LI#41WNT%M0*"E8K, MLA<2?CI+D=T\EHM/'X(PSZC?KIM8/>^8E%<+4YWWI`B80M1Q+Y0.="E.";TGBC0[7CN^+Y3)[?U>/V0NDQSX MYT\_3(+PW15-,S>C_C7\[XQ&V9?)ESE->%.D]"SR5RK*7D9>/*-_^Y___J^? M-CQ[[J;3CV'\D!(OCF#F5W3RU^]_-\SO_P9O_]^3$WKW[>2$3UU^6NP'/4>8 M"(55<+1>,+-'PQ#&8GQ:\Y>"@]?^LF*MC4>TG?EAS7&?\;E M.;+W<7F.AJ>C9]7TTTKJ'=7)SS,"F_\M?#B/(Y\)"O4)^\37#M)!%N)!X@D! M`2%<0D0&WVTYPFOKRYY4-#^ZA6+II8G"Q(8-&AV`M&DZI_:NS06V:TWO,?ZA MB!0E9(L)H4G`D4!M4N?(&U>NRBJ3=)2@S02G8;LWN!14]VP MZ,\T:Z,%W,LH]R[$4KKT`0,3`EYLSZ:/--NPVL_L58`4--[Q2D1*2'7D5BH1<Y!"\$T1O22QBX*([XGI9N.(L@*@(P*`WD904:046'(!3,:R^U5@\:KU2,6?_:) M3V\SZ9PL>-V*+LC&[T.:R3:U36U@.GB'*X%C$X%&G=4UJ%];/YGCD6990Y0? MB>4'@49%)3W4S9E4IN-H0\-L[1RO(G4E.\LKY$JYC+R$NBDE;WPJ/KTE020N MAMTL2X+;7%3SR&+B3=WHCJ;P]\KM<)K2+"5NY),P<&^#$&^*)7!^H1^W0WY< M!!E!E@QD5!C(RP@R@HP*0RZ8T5C&FV)Y"+#5`?_,\]B/V1$QH1X-[N$PV?3I M$&^(Y5/TBDE!,[?!ICW0[.$(KX,E\%DBT*B@N@;U<4-3#*.9G#LD'"HC28%& M922%,JI74`-GI-F#(28%MR\V>,';@`=D\>E+-J5)Y3S>=(&LE^#OW6DH/NW[N1QT.P[VGDQXD(MX[Y*7Z>T+D;^(1^FT/G M/:QUC5?KBHE'PWN/90\U6Q_CM8M,_F,$&E56UZ!NL$J$:6N6,\";>/D$"(%& M324]U`T:5Z:EZ8[5VL%>1>I*=KA7R+>R"(V?NX]P#R^9%ZMW)W?T%\O"^0UO M*V/#T9QABV6(5",M@BP?R*BF9%=3;T:VI@_MQL_IJE$4M9-\(*-VDET[C2Q# M<_3VSN:J45:R<_D3UTBW>W?OD<:>Y'1YSUZY@O?R)*%15JU_UK;;ZD7:].YL M+ZGC.$Y\FO!9%)_+9:9Q&/CD-F0K8&324=8DB'ZM]QTX;-=S)+K;49`7$/AN M`(^Z4AE=209CC2T"Q;-#XHG`JZP7%2!+@WE2`YN9A4TF=J(02NX@6?-/]88@ M6_BK/E_(#>?\[>?/K-?MP^?DM^?+UXNKLYO+SS^3L M_.;RGY^;HGP((C]^@#GC17DK%J(QT@:ZTW13 M011!J1P>F](S+,"NTP39R@<%^0"7G\^O+LZN+Y;DN6S%Y;$[*7KG])#4%;YQ M)_/C_#:DAOWEY\_?O\W4S?M(0-` MO/[9D1?O_TSOW"RXI[_%R9^,R.?N/,C<<,<76_I@\=KZ`>O6^YEFG^(4*E/N M]K:15;O(Q7#[O\MX\B[#&&[YLJ\T"6+_(O*O?GG/AH[#T$TNOGE3-[JC5^R) MY8N_Y@E]>96#4TLW#/'BE\8^TB2>+I]-PC&M'2=Q=D\3]XY^#%+/#7^G;G(3 M?V!_/R(NEET09*;IR9WKSM^=A4Q/0!?5CW'R@>W1V20/ MR_8K5]2CP3UHF_.BDNN.\CHR1J8^_NF'O5[V2M-\BJ0Y&MD#QSG&-+]`W=NO MHO/LA2B(NQ]TSG`T-)8SVCSN,5Y?`XEM.8.=7W^>IVQSI$G1ES?=DVMT4[?- MY-VKUL@$$=,M60!8W=&_@EEZV=V1NS]*5YWT,)M-@N^Y^W^ MLE>:8PU''#A'P/@F9H;)USACG!.XX8<@S,%N$;_?@UT&>H5^SXU]E`G4,-#N M$RCE9ZD[=[4XA_IP5%I'3P;;]STUY#:'SOCE]WQBMF?X@3(+_@7;N4[\[-%( MO*`ZRF+H#P5/%5IVUUUC9(T*,VIMH+U>\'3ZCF%9QN87K.P79\QNS=)?F$U" MF042T3C?U0(WQF-+7]N%:D8]_-5/%SHTG?%XGU]@QUKA4%4^&VO,E-:NQ==MY[B7E M,C_F"1N8F==GD?\Q^`:?TI\3=L#:E3'MH3&H&(P;QSW"V^L.BZ8^&N_Z]I7# M^3QA0[+S:1_.+>TJ)$\-D1P?]E1>W\5>?Z:[4&-BC0<7`?6[DXTRA9@<<#H;V#E,0 M>PW?)=/+Z.O5^7LW^G-7@1T,QL-RVUH?:M^WU`BF99KC%U]3&A9?16_379=B M#JWQV%ZU4[W@Z1I& MMJ$;FU]0D5CXV[4;NDFP\RH<8UP]IJ\-MO>+:@TO>[C=B_A>_FG9_4[AM M6J:][H%X.NK!;ZYQ;%FZY:S;02^\N3S',@5R!<[X^E-?S>OUI_K)<@;&RIGO MN<%79L&//>_=E/I@AC!>XTK^#)Z^XY[Y]X_+GS!Y@J_.'MS$_S*''U;'_8W? M*5"_\.Q=?*.)%Z3LS!EX59L]];_2A(_Y\L+T4[-"SX;F^A2?V_5WBL/B69Y- MXR3X#_5_C7RV)CA3BU?!SI"N#'H%E/F0NEN`DY7]^?$GIQ^3>,8F$/EQ=/?W/+B-+V=S=O)E^P3[W_/X4^;ON@4, MG+%1^$ZW&G]]-C>!&_T11-Q8^G#QSLHX*_Q<3.>* M&>I\XW!(KXPO1MEYY)J[W_%@-#1?&'EO6:I9R7!H6%6DMI>D(THT'/H&YEZS MN)[FT?OXYSS^1_#!#7[/=V5'EE[U/FLG?&HNL#%0.NK M87SZC]U-%'LX,%:748RSO#:+V7;#[)5+-A#;ES+^L_,/_)\1W[#<\`+^,4_8 M?I1>1MZN4V#G]F%YN[;SRUYKGC7N-=TQ;/.@>584Y4U\D*XW=*8,K>&*[ET? M\J!7UOE)'7UH6]N_\F(RH1Y<++/EQS-ZXWZ#.":P/H(HYV8*LTNXI?*<&?5[ MO?VY8E9O_Z8*NZ3I>SJ)D^4SC)Z?XXA;1W$8LL=*ZOYZ_0Q4=?,[,8RA4>KY MW=[T&A.LNP)Q3*?T1SPA),N`UB2^#U(FUA_C9/$837>GI#$<#`N8-H_Y MTFN/_L[%"Q??+7[XGD9T$F1GV4?*#H=N"%'D>18GCZ#WODPL>U=.,<%/44QG MC]>]VE1K^,8:VT>9*H^\K\#]F69?)L53Q2B[HFA9BYEM,?K19E(#DCW8:R:_ M7A=[YV5T\7&K\->9@O[G4".'.&G'QYIK!*DDI66'/17>P M;7S^\NG<39)'MGF`4S%]UABJ/\E99B5#Y:71MY[(\_M0_:&Z"%S=;28U+QG'VF@G7>T=$!(Y<*SJU@5G4"(EN[#$+QBM' M1,*NY%B],/)19E#C[7(&.\]@)]58'Q1G6\O7/J,*=WQ3;82:86[SIFLWA%CG M>QKE='=U8UJ&95GE,7!MK&5`#P^@W7UTVQBR-13V_6*0VJGS>/2C39Z/MC;] M?=Y0LX"ZH5_8;VJ8US2=8774RIZR"T'K$H!&`W9J'AV#H#7N?MT9VO:1"+K+ MY/6`^UJ#=V@[%?=4[9`'OK1N9Q@Y MP\$V;X7E_Q)$P2R?G<>S69#!C6QZ]7S0U^^&51.@:9B%1[1^O"71HBAW0_CJ M7X'+_OP^87IL*CZ?!]GCQ_R/P(VXS;>[_6P,C2)_8K?7U,Q.N-?=Z([]GWBX M^@T,\0^X$4KS/:=J#YWQ^E1W?F?-O(M[#_%X\0]X!6G*SFN?XXS^ M%F33O[M1S/[Z]SA\(7`#9F+J3EWVTC('8NL7;;R.8.HFN(NH#Q>DYQ\N+V_B M7]R[R/TYB?/YB[,;/+WXTL?.AKN(Y]Y4C=)=2XQE-E19D^!YM?K_N\ZN/1JY M21"?E!^^)O0^B/,T?+RB<)-/_9H(S;$UL):QO9M?_UJ3///_J/$$#"H!SLX;+Y,V&9K.1<@/=-G5K1V@: M(1GC;V-0F==K3F@;(KW&^Y\A2\5L?^[UI;HLDEYN$M>GK[NG@=X9K2GKNK>_ MTA1KE:$]M`9F\W/:O*/!-6EY"[G5A*JB5TDA>5T9,_6Q/1@_E?V:";S>1&L) M.K!,JZP9T_C,-F]SSG!HE)??.TVK/9(V,[7MB/BZ<]F!;,]-Y&EML%>EV(FI MF\;(&"^UUX:WO\H$Z^AF#8TR-FVWV7#+#\*Z$\K.K&EP3\$Q_;KH&;:M6]:3 MV3X_E28F7V^TCT?VOG,5^F8:1.XBQ).?;R\CC_L,INPT3I,4TI*SQ]5W#MP6@X*%PCS[__ MU:99QQ9CMF69K$IY1O9T`S'U!VKPI<1:+\5^/\\/0DO^.L&E[2-KX`.5>P@S=A MWP445Y0OSNSWO=FE]DKT.+/8B,\V[SR/T^S+I(GU6X/QV+#+:Y@G;SWNC&HU MHV&6._.KO?\96MB680R=E]_/*T=]3>+)5K*R/T7L\7B@%_2H>>=QYU-_D%X2 MY-4FL)$@MC6R;.OEMU]3;I+\3",(5X/Z4?XLB)@MFO#RUZ]*(L,P+,IL5P1>O2G9VA!N6T5#UKSWZ MK&KETW0L7H2Q@7D\XW(>&6-GJSEP"V`1/-@$H8S!R+&,JLM@T^M?:Y(;W#$F MFU@+L]HL>3:;DF7M,B5P%D'6(8(W"=+'.8ZE_^*O.K#V<95P!3[];1UE(\+G*D5@>I=R.^KE(9&J99ZI2]I];&XEZX M0.G$6C:KL\'0T:W!L9;R,4YH).U/O\29QHS3DBA$&_MD-HE?>N4RG=()L M/Y5&9O_"99$DLWUFV[/MRSDRPVL-=6+OK(+E,SUMYXO)F\=`XZ M^HN?4QK#P7@T?OZ]A4/B=:&WS8&YZ@`Y_CQJ+X?&(ZLL"W;T%V_VDSOL%&X^ M_]8RB7V9U/XTNOYU:<*.7W9I"^\RFX:64!],RO;!DJ$EFO,S5KHSLLL*?D>: M\'H0_^M>L!BCL3/8-/]-4VED]K6*=IEY(%F_B?-/+C M!*Z*:QKLO2YS6/;07B0D[S:?YM91?RL@6A-*.?'-UPBFM0C>V7O6JP'OK\H> M8P.B>VL#[5]O7K7D'MGZT&YH(AO)-[(,1[>VGD6UV4A)W;TBZ`\@H.,L&KCL M.J$FEU)[F3O6-W1ND6/NFZ^9!O;"%;;_S#]?W)R?7?_]Z]67?UY^N/CP_O=? MKR\^7'[^\O7BZNSF\O//9^'%^\^7CQ;_._W[V^6=XX.++9QCMM0\G3LDW+T_A M56=;QQ=+MFAIY,0ZY_'Q^=7%V?7'Y^M0=#75[M&#-^AKA$H/S+AO M99U!Q-849;`"ZT2W3^",47ZW_0HN&)W,MN=OGNB#$^@_N]?\VY]]P3_[S-YH M>_;&_K/_O27LUR1<-UY1PG]OB4(K:S2V6*-QT!K91G#Q;[@Q2]D^D+E!Q.SI MXF;B]9;/5DGO>`_6G[[=)J$?O*/?YB&$[?]"H04:\8,97-_%T5^_7[3?@>T& MGA%A_C#E.(+*56??`C;5\F?KBQ`#_O1#[7O^QH`M)B(M56K3+44H0R<)]&SZ MJ%A7YVGV.8Z\IY%,G217_5(Z2*$+0Z]0B)GA$YX[U$FBP.QIDE"?+^%(Q*B8 M!OHAADT59B@P&$?=!;HR?XE1/O/]KV[@7T;G[KR3,+,%!*(-SV(=0>:&$D.. MME+#+(Y6D$340/NF8>S;]A4<-'L#[:[7=\FLPHQV5Q,HH]W5..1H=S7,XFAW M240-M+N:Q/YWPT3-L[L?[]7O94S43YVF&6HQ^2ATL4(A/*4]MZ4<=.UOXBFM M893QE-8XY&@K-J9D M4?_G3#^6_^>/PR.JSD"*W^F"0QK9I#-^QO[S\ M=*4LE!C%#^X9R8JUP>\^YS.HI!H7]'OY/?]5O&GM03[8!QK%LR"J&ZYFO>5( MZT_]],-REG6K^IHOEE..-F?_4X^&8!/VX?\/4$L#!!0````(``9ZKT)*U"IO M\`@``,*@```5`!P`8VAL;RTR,#$R,3(S,5]C86PN>&UL550)``/\WI-1_-Z3 M475X"P`!!"4.```$.0$``-U=77/B.!9][JF:_\!F'WJGJ@DAF9[II"8[18SI MN(9@!I.>W:%_!D4\#$@UOWQ-.JY\^?;RNUM__^N_OO_OE']5JIJ56D[ M)-'7&_GG"7%<$:@C?GLVBN/)3:TF*[T\L?"+Z:%Z_7_O/0]OP1'J,JB7@LX<\J<3*> MA'A^;,3PX/;,'X6T.F]<\O//PFW7EO[X*/23,#W<%K_7K.*7&$H]WGM-T&CW']BRWX[EM MI]GHV\V[1KO1L6SOWK;[WF.G\=ATQ-%]"5)E_M0_/[);5D-[[[5=O_P M'B.4!&(0&IR^'\I$84Y_DPG_5-PW"?=#RA.&.S3&=2\9CQ%[=0=WB:B$.1?C M(Y<-443^.FPL6-+,R8>%)?'IH>?R#G'"W4&782[&KJE-@6R!UB/#B`R(C\2X MUO=I(@:VT;!+0^(3S-50=Q@$O;0>AET/Y5=N/,*LAWU,IN@I5$7C9K-ZJ=G$ MHR?M-^S9F/2$_J.XYEB"`_ME@B..TRY7 MBL)*&!.HV@0]D9#$RGJR$O;TDE0"J![F?O)BZG\=T3#`C$L9Q:]J*,IJ6"\7 M68CT!/WG'A:&<-!%XO+M,Q1QY*@G8CDL/#9^<2!3#??2BJE]: M:U%OL->@Z(GO=8LR+,9EKKA-(87ZSFA7;ZPS`&F:`UY8=#PFL1P*R'N-1=-Q M,([432+R36B>^^5BTT2)F)`^^3"*5O8&XN+!9*LM@`S6$5;/#)0-&\CN=G\W)_-4F:P`0FH`$B#Q53` M.P.%92$^DD-2\2&?/4Q1".QFMP.@P8+:X9F!8GH[PI]M&@W;9(J# M!N<8U`VR)&"#Y5?24P/%-[_`6HR.K83'=(P9)*WEXS-86OF.&:BD]*6B:``' M,@M$],K0)HL[`!JLI1V>&2@F6=<7I9LD3&(L.ES.NYAY(\0@#?"+H#185D7< M,U!;%A7];A3/7E"Z`XOA@,0]PK\"4M9NC`;K:K=S!JJJAZ`,UE&.5P8*2-ZZ&1Z)N[>86FB@R+:_#Y<[>01)*-?NK)>Q7_P1BH:XAV)QD:E+/0+@A\$251,` M`Q6<\T1EZ7E76!&U4)B6$N/2]#P'(U\%3ABL707>`TG"7,+]]HQ*J94W"RR) M0$F>*PK,.*N2UOW-`TP6+80;>D+ITHG"550*XA1`34EAW=]#,+FO2Q=D M)I$8F,D2W82)41C'?R#&TINCN+6)LBIEI`8*N/S:/7P`EI&[]*"98+EH8:6@ MXJ[D0`Q`I_JYGP+`A,8WP)=?\*W?`5"(_ELR!W(V(#%W"*0'4RZ.%DN5S[.C.\0`!#Y+88:5(0;"PN/SF=Y+`#I+N\$3#7()/M62)_5]M0EC<+F M]UNT!B[H:.(8D1#"JHPY$H.75LQ=,%`'!ZYH@B,C18X8K$)%$3!0Q)L[>\#1 MY79L!DMMNU,FJJ?@5AV`-%42L0U[A9F4MZ"NEM:MS4/[-^R::=B5 MW*:6E:+6`*8(9<$$Q%F)#+7C4[H'&(",[^$%3$$L4MI.ROR&5=@4;\#-Y?+M MA/SSA#@61_X/4$L#!!0````(``9ZKT(6))),&UL550)``/\WI-1_-Z3475X"P`!!"4.```$.0$``.U= MX7/;-K+_?#=S_X-?[T/NS9SC.&WNFL[UW8^E)W6.P""^!?_WY>>A=/F`6$^M^_NG[] MYM4%]AWJ$G_^_2L2T,MOOWWW_O+ZU;__YR]__M=_75Y>C!AU(P>[%X\O%_W> MA\XXB$B(+P(Z"[\@AO]^T7&?D"\(NG2YBD+,+@:^3Y]0R+\0_)W_PWG]=_Z[ MU0LC\T5X\;?N?U^\??/FV\NW;Z[?OK[X\N7+:^S.$8N[?>W0Y<7EI?BV1_Q? MOQ/_>T0!ON!<^\'W7RW"4S:]X9U]?K0F_^LN?__2GF/B[ MYX#L-/CR]9K\^NK'3W<39X&7Z)+X02C83QH&Y+L@_OD==6(!##YYH:00_[I< MDUV*'UU>O[W\^OKU<^!F&)T1;^W]WE?QRCYIHV-EHFJ/[IP1>Q!Q& M/3S&LXOTKP_C0?Y[Q`^O7+*\2FFND.=]=1$S^UWXLL+??Q60Y%IP1YD2/^)+_%/MB>%7(HZSWXWG>]'7IXAF*O+!" MCO-]5\HO72)2I8)S75?`;=S1Y1(O'S&KDM6=?C-\KIG/1RW47,VEX/&=ZX$1"?"(]ZQ_^YTS5^#K'O8G?=N>#E6-[%A],O M>]3)?NZ5)SP[9:^RHKS*8CE#P6.L_2BXG".T$E^ZOL)>&*Q_(H2^OGQSG;KR MOZ8__GD2HA!S'L+^;WPR>Q'S(?7Y/X/.,PG6'_30(_:^?V76YJH90?9XZ<46 MIQ!`3IME?(M]A^V*P(?*NM=TU.Q*8.($UAW,&%V:JG7-!"T2XR(*.$MT)9A' MWJL+RES,DK#)5FA^OCX-.(G7KQ,=+HD&GXO$;W[G4#_D+J;OQ1_\_E6`Y^(O M3>$WXGUAQK`[":GSZZ?8B2O@DY+6B%UV7I'CIC6^+%YR*<$-)B[)DOK%2.3I M[(!!(I\<@[?-8=!Q79)P,T+$'?A=M"(A\K1XZ-O8@4V!W'*:`%2$-N!C$I2.23?-#AT'"=:1AZ?2]UAN,!,R,;P0LS`3WC@\R@9 MZX>1<7L[@"NA#SF6[YK#\I[Z(E+A.N%=SP<\9F$X"+7P:9O8@9A>:CE(_V@. MI$W<.G&PCQBA)HG=#FU3C*<\//C!"CMD1K"KS1S4]&`2.QD$6=/2B`PN#JT, M'E#)W<$(G3BQRZ]CS8CW\X./(AZA85?J@V44C;K<0A,2FI?*!78T\"3RB=`H M\%[&>$69"@KC9O#Q,=<`N#1N,]C=7Z(@%`/1"*P3^Z8Q#Y*0 MSC7M$E$NN]^'-QW[H8?!I/IH#OY,!X^C`;WW\:M&5:VUE)V-G5@* M<)9^3T,820CL4+Y,0G(UW'(=&?FB$A)S6#C`4[>B/$0J(0J?M^B0>$=Z1 MVT-1/&7)5Z[-24B@HE<@J=T6%B`B+L)N730V+@MXN;%1"@UN%Z49! M2)<\Q4K.QQ;`HZ*V"!REP.#F'YYM3:EI3IFCM`@2J:`5+L_(RQ-N*<-D[D_1 M<^I#)14*>1H+U*H0#MRJB?&D8/=L8#X--%HSO!\4#GS'B\2%"R/*8MV&(2./ M41A'&U1>$ET0'U?\$2@V4#JFKEK9X(**TADOW!RWCF&7`^=7N@_?.; MF6.!/8Z+0U1SI4'#,P?91'7@LAV#8Y]W-`CN<3B<\;1-O3Y6JI3K&^1Y*HV8U$;L'R1*F7[S^MVKHN/C>_*>ZJAAZ8-;DRG__Z?^_70RO!V. M^N/.=,!_RQMTAY]&X_['_OUD\+G/^QA^ZI_^--QAW$$_+'>85.U9.E-6Y<*O.)S8H';7.`)>A",&)TI%R^S%.`5OB,.N/V` MX0HS%/(`.CTL4^3EU?06N'N-L.!&P03'>/9ZO=-PEUZG@-R1/.)5` M-1V8-6X4LD++VYDN#+51X2PB7YF]06X//X9KGC/U9K)U6!TU?.47REOAH#'2 M=K&&[=2J#?."Z7Q@`0(:&<%M\&ZWG\29R2[U.;\19SGEG?HJ8`P:VH.4B1;` M[=7&>XD)Y^(\GV%\I6]D0Y!5(#8\5[=EN!B4A@>-D4DIT`"88Z]7[1,&4WG4 MJQQ*@.".'VV9.Z*TIF0GED%85D7@"N)4`HR0YNA?0:,SP7"M`G"E<))ZVG4M M;4$V;-+2@I382`'@P@U5+71Z*C@YANJ\3!GR`RZ!4+KOQO_RXLCJ`U=>;*6, M!-RI]"(F2KDP(]0MJ$\_Q9<;-9L2(R*7B=2-"+A%`EU-?A*VBP/JL13\%PRC M`/=P\F=)^S+I\9SLQDB#M6_R2!C;G=AVZO?7Y?N2O:`#.[()T6/T!6Z=8GWR MBEM>?!BC(!A0DEL0`:A%!9?&[K-Z@P*R/]KTM(WB4614.E124<'-@/M\]H@7 MA5A5DJ:BMA:6C;C@5L=_X&'7@K/6><(,S?%])!0PG,5+SRJ@&WGF0J@LY#ENNC45P/->9#4(?J:17\IQXH)T8YT)6]G"OL:K69 M>?+VG%5UYZS*'/D9WDZFP^[_?AS>]?KC2?__'@;3GWK]VT%W,)4?`+H;3B:5 MG+>JG\LFSUW5+UU[_LJ4U;UWNP.3YZVE;>IS6`O>DCG1([[[5]?U\2$I;XYQ;[G%OG2'N9$5RD<&%4$=#`^IA[Z/0.?'C MWG5(J:%3]O$ M#L3T4H-;LK;P>A'CZZO@75AEMFQH?,U46[I:-RI4;C"O555OK.JT'GV'D MD=^56[VENK``LG(J`1>!:HIYRA>XVH"75F"S:+3=XVGH+KWA;;S#G%Z1RK]9%P6+$Z!/A)G?S\A!@=^!O M3H5V^"3UE-PLJB_U.:`C"^:!0]33!L''(7.X298.DIM\^M/])0I"88"!>-V/ MS[X.\?`.UU-:S="LY5-G8"+U0``N'>MA'LHZ)#XHH[]=349Y!CA+%0`NQ^IX M'OTBWESEN6*/1H_A+/+6SQASX\3D21/_^`S!-U01NRV#_`!*7?.?^C4X0 MX%#O<2%N$\B3IS2S]AW*1,R);4)Z:/DL:![*![3T[G`>I0VP55WJ*>6 M$7HY:!Y>MSL7O$MH"EQ9B)1G%N&LV&4`WF_ZA\`XIR^(EV/)V8YO-#Q@(.?: M_F&`WM48N"NU\GQWHR"D2\S2"5V!>^+1?!7PZ(W&LP.\C.X, M7WQL'OF!_X2#*K::=1U9L,QYB'K`IVZ,XSBK6#W@%C.53/=(L*(!\DICNFUXSIAFU'."J^8\#\?UI,-9 M+\+B,9',BT;YR=2LC<7H&"H%G`/=CQI2OM,%-0VB!W1@,;R'J`O/H0)6(%,VI! M`XACT,``U]-ID3K`!:[Y#+P8QG)M+4:TI)+`[;V;2W^T(ST'F,NH"UQ0W)_- M>!P_G/6?G07RYWC,37/H"WEXOB7^$#G7$_)$):\"[5)=G`'>Y50&+C2.-5#F MYGM-@S-`4Z<.<*&N8%:#TKG@`7`W?!*M5LGQ3>0)%F\]^F7@SRA;QK7O!9F% M:6L+T@EC150X>!0+<\+8$'&3)TFF"YP,XUO*TB/ALN<*2S1L%HQR]K99ES/4 MB5E"T9ZS/NJ<=8\$CD>#B&%15WT]B99+Q%Z&LYN(-\)!7.?%YL@GO\>8'GJ0 MNNQG3GQ2NBQ[C8#S5EPN'@QG(X8#,>9BF_?=#;,3/G3(C#AB'R*IW!*O(%&/ M.'PZJP:XXUAH%-3C6&\$\*_WZVBK`3'?;:/`Y-EI1-G?K#?RLGMXU2ASU(CBWZ65:9LG(G)[C4)4@L]&KN&U6_FJU&0/@V\YAZ-7K?Z;%15>]PTHAVWZZ;)9+>^P8M^RQ2TB[#/R M(CR,@"6MTPY=3>11!3">VSLH>`R]3GWUORD0+)J!2,V6M# M"H'L,QG9C;[)8_2`S,>`27M-R4`X^\Q*7J$!R*0*&+37G`H$L\^4\E?H`#(C M#7/VFI!&*`O-)SU#G+OQ8_?N'DB^J33+%IM:65'M,T#9#I4X+DW]^1UYPFYR M@!J0^95DV%[C*RFH?::W'EWB+-GZ3@5(EJ;GSU[#TLMEGQW%^X:\`^R*!T6X M0X:6(!8P:*\E%0AFGRF)M@ZG[A$O"K$K+BL`O(F#3, MV6M%&J'L,Q_)\VN`[$?'G;T&I)/*/@NZIWXW_[PM(",J8-!>.RH0S#Y3RI3$ M`;(?&5?V&HU,&OLL1:S[[_R<49__U<'0:E4,&;77G@P%M,_$U)O>$V>!W<@3 MQ3F[--DK`*85'B,"((>]!EJ-_/;9KV8)92OXB'^%MT)>3,7#T?CW`1CCK4`( M>RVW`N%A'*;<`KP#\@QN)9,;XEZ*5* M(ZJ&%6CG9`\0`=;)VJT`TBNDJ[2`(WF`>4;7C'?`F._?A7EZQ!4<6("W@O/& MCVV+O0[JBZ6@X4PD,#=XQG/M#0&?J^2KV%5B7R$_8(Z,'RD'*+L0]Y*)6P(# MSL,M91FJ4UA!X==!8E[(=>,(;]W3YH<;CNO"U>";8-`TX!40ACT\PSR=$(_: MR9[3JA]0,P8`HFO&.)`;0+)&N;E=\N9EC.?BMU6B?."W@=TD8L0SO-M&MFQ_ MXNPLHV6&MDJ0CV4"[HTE!LQ#AOTS8H1&/(Z8$0=/5LBIUH4?S84-P*NY;_YV ME?2O[@WRQ#&/R0+C2E,JTX_!N9%%PR0!MB[V;Z MY`O[3T#L$C7UC(7RJGT5NUO"BIYMZ*Q6C#['EQ1Q(*-E%*]B\Z29([G_?D8Q M/>`7,PR$K?!=-[FR[_$)CWJ>8AEL93,,(5-@,\VQ2+7'B-UGC!#DK#K,8JTV,H`2&>1OTH,SV:MYLW?^5LO43LF0IN1J6.YX'OTB]AMX M2-:CT6,XB[R\!:25V@IIRO4!>#HY4"GMXY26S2B&%V8"FF=*6PIM'I.S9/VE(Q6IGB/.;(=8@KX'7 M3P\J:@OF!J6@[<1@U\1PS%49<.:/*J2P=YJI0OIV-H(T&\DW6-*SZ,$P"H,0 M^2XW`1S2E(?(4+DXR1K3D@'5?+&I;7V17_*6\61U.<%7(HKV14Z%H;5@$/RSJ MX14-2!@,_-&X>X/\7V4>7T($W,_+Q&JS:\AW,E;JL@_XKBVW,K;.U1[GNE[@ MV\(G*]S+$P%WKC*Q:B^0O,-S'K`G;EVBQ9U?`]??KBBUIW?KJT#2;4CI_+Y+ M`5Q_.8',\K93;W8G]ZY\XHX>>Q[R,8U4'DA)#AB(8E'EJ'S3,"J9J52'1I;, M%A1V1)-K_UT;[8*ZM+K2J/>([]MV;74;!=L3!8MK+Z(0LPUXD@@D3P/8Z2J$ M`K?G2A^AUTUD"KOW@+8JU,EN"1"R>L]5B&O;6(! MFGJ1S1**-J2M.Z2M/VB%&Y:V@:<]@6>[M]6Z1DM?+ZK4Q9Z$T_-]OZAU^?:X M_/76U`B]R)9XI23`W7U>I/HO(]D=&C(E[E%`U^&^0!"7!`2'$^0A1I1;$_M4 M@-6N%`QMR7/#D8U(G"!67D=^P^\)F+Q?-((K#8IPAV1!L+3674D"IF3QMC+``3ET6+ MMQ*1$T;(FV*VO-:9*`#N;#%A`*JJ,L]17*L>"5T-9XELL43>BQAYJ?/GV2YA MV)5D[Z8M`<-=2@%M?@/T[>7\>]&5)C;',F'!"\QJYMM4!E(JH]BA3`#D#LQW MJ3__&)%'.EBN*`NY[^+_[]*[4.;`S=H!=]^&PM>^VIWR,27(_X7X$SX^,<-W MZ^%:`(&VE1T`Z`6O_WB*>$;^CD=;+Y'_&,DUG26`K]0=<<`M=TLG#87GD]," M1J!`R#80A!,(GB;2@QW*M;$:Q%BM];/U^-FV'*WQA'M*&T^W52S`]-!&K+?N M&Y+[UJ09/_)49S[#?G>!?56FL4,#V`4KA#I%NCRE-X0/366REO[6!N6M!3E- MFEM^C:&@C0TJ/F1]H<)MDIB'R2+R;^B'B/Z']!#Y*5*._CRA#2J6B%?A[0NZ M=1N.K7[=9D-@@QXSXIC=GW"\77+?_1_Y7;1[!#;H+R..7'__J/!"(,JCM([O M#GA0SG`0Q@QT>_$_?91\MR_^L6(DP,'`=R0Z/J`3X#@<"\LZ;C3#E3'4YJV0\M9J6.[/ M9E@4->,-WN*%7%&>1/PHKF/"R8V]*E%*=&"!HRVCCMI3YWL7:CP5O;[YO-/00 MI:K4Q^(5CYG`Z`9S=+8NBX?S]]2/2TRIQ]F9;X+[ND*68QD"$^H<*T@;(D$* MD50K`>:X2J?8DAT`=_AEU5'_U9%!4S'8;`L$/@1002J,=-2UPSZP1LO88 M1O%M>;BB(;93Q:<)0A0?-U>PI=IMHXB&HXAMD=_FAQNH:HL=3#X*)F(P8;:- M$^#'"7GT;K#/+2OLA+>8#V#DB6]'O+<7L4\RG'W]C<3]'M(+<-=\D&)JCSIB MOC/#4*SESU)^4OXD\)BT`@Z'D>"U!R0/DW2_<.#WGQT![](J[(E-70F30##H*9Z+77>TI\ MHT3A,BK@^I4*UCZ?!20B7S_V)Y9AXU?F.KY;UT791W$`,%8WY+P-W.$'[FGL MLU_,D:WDD'ACDU;`O;.1X*<)Q$LJO[@-<-4;"%W_FN"X6U+M12V`*[U0X-I# M;:/`VKXP^O"@N8WR*HSRWM]2ALG9M<6N94OXY_>O(SQO/)K0@[]>*.Q MW:%,MV$=_+!N@CP> MM.N$-4:0UV_$>QXD%!R)%:WD,-<<^T[5ZX%&7VHT-C3BL`T$(06"U;!\)W:" MQ/,>G!GDI0^;*;B6TP)VL05"MK?+P?*YVW3T$V=G&2TSM*?SQR9

K)!SRAC9B`T; MG+*&_=8KP_?*'=^/D"=4M=^F= MGPECZ3\$3UJTE(VL`44M=GO"Y_0!TO4D>@SP;Q'GJ/]4?3*J[+[9@$;)5ANH MP`]4DJ<,!T$087=*?\!$<5.YG`ZXGU0(5WMTP6/Z)\Q"PDV+3X9+$@24O8BQ M\@,)%Q^13_EO/U)/\AYTV=;``2BEB!/<.;)[4VTG",C*-I8X?2SQ=LQA265(_^K>($^4$4X6&%=[$YOQUYJ- M-$RY;`,/4U8G#O;%2E/GF13&'CNT]0W\!6_)G.@17_*?8E\GVM]\'X+$)ZAR`OK0NAGY5OTM0PQQ4EJ'T4NX?/#IYTX*7MB>H^B MV8BMR(0V!Z3WY0([&D8,/XDM#.]EC,7KR@HHC)O!Q\=<`Q6F.M6"UG%_B8)X M;\H(K!RY?2#E):Z]C'<=NBI=TQX!?*7*I*JPK/=L5MLZCD.CN(;!P>1)A*WW M>)/)R+8JM/3`UQ@*A*U]%6X8+C#;?CS0JUI'#5S16D'KWX-SGT0"/J6?>%CQ6N)X\1>A$^;1;A MC5M:>ZMT'&5N;]&KOV0?\#$IJY0*WS0L]N)FL!2U``Y"HJ_(2NK95 MR26T^[Y2SQ,MH_A)RAY7C$,*4B$5,7`-Z\14)$%O:E%RXL+HR`;IXFC_?9![X3%ZPLJ,>_&?1_BTCX4NC= MR_8#'*D#E:-`K/%,8-@0.@*GX"B"J MSFPS$0(/AB)!>= MUE]N=0`S\*JQ#A"B+=9JB[7:8JVV6,LV>-IBK;98JRW6:HNUVF*MMEBK+=:J M+>C-9:6GOBI7N:"Q^WO@*Q5[PIS@"&3`<\`B%[4)SA>UOZ`??'41\=W.^Z2:R8(Q8K%DZ[0Q+0E<+4;*Z#V MNJD;Y/;P8YA66F@TKR`$KFB5>+474,5+TYM7/8K5JZ<'KN4"86NOH1);R.+H M]';-4Z-I#3%P->O$K+W\Z1Z'!>4*^Q3`M9D3J/9RICLWC^@,.##'J*GVHJF4L60/99<]>=E$\8`YH"_@"!ZAI/HKLM+7=9+" M1N=ERI`?>+$[%3Q_X-)K("O1&#A&9=10?U%6F;(X:\O@RI>]59C"]A'SNZO7+CH5 MW>I5WQ5)YK?![U^[^:GATF_-[@? MCOKCSG1P_Z'3G0X^#Z:#_D07?9;O!#A4AZBE]NJC_NUMOSL=WO9_['[LW'\0 MK/2']X)/W2YD<2/@6)B(77_54)_#WAWW.Y/^H$CE:EK@FM8(:5C5\T?J]"<*$$KNX]``"["@,`%0`<`&-H;&\M M,C`Q,C$R,S%?;&%B+GAM;%54"0`#_-Z34?S>DU%U>`L``00E#@``!#D!``#= M??MSV\B5[L_9JOT?^F:SL5TEV98]3F8FR6Y1%.5A5A9U2?WV!<+)*@VCY/8O+Z(\/?[VVP_?'9^\^.__^O=_^_/_.CY&5UD:;E@(!+R(_*/ MU>LC\K?-4Q;=WA7HY?@5>O?V[;?'[]Z>O'N-OGSY\AJ'MT'&AGV]2N_1\3&5 M'4?)+]_3_[D)%<7F^S=O:*?'FRQ^G6:W;\A@[]]4#7_[[__V MF]^PQM\_YE&CPY?W5?.3-W_[=+%8W>'[X#A*\H*JSSOFT?L\H:: MZ^3=^Y-:1SJTI4TZ74JKG'SWW7=OV%_KK([7B,G\OGC:X+_\-H_N-S'^;?F[NPROQ-L7BG-T/I>(6S*`TG23]E6[T' MUGI1!%D!T+O6?S#-EV3FP[UTKO4<3MNT".)^VNY[2%J\:8NF#9KB,YPGFZS%6X-1/[S=X4X]M`O-`]- M1WI!OT5D4/J]Q,GQ]>+%?Y$A44C&1,>H&O;/;_:RV]J.LA5*LQ!GY?>WKGR0 MK:I?D!\U2I4MWJQ2,JUNBN-*/]9]G:7W8O-5`E.Y4=ZX<>TE+B[2/%>XMMT" MY%J).(AKR9`H)F-ZZEK)$]==J[1P?]O^5%G6Q*'UQ?DZR&^8 MBMO\^#8(-G33_8:Z_N3X[4FY"_F/\M=_O\!DHS!*PCE.R,)A\KC! M2=[VG[IM;T@8J0!!QVR#,[*92VX1$T'VI%0$*B7X@A8C,U3`L7!%_TGA;(N7 MZ3(*DI^C9$&VH3C#%]6N=)Q>%*)I7]\'-'48JP3!"Q&"BA258E`I!^T$H7'Z M^@@18:]]P8Z5:>J3CZ6[@%CZ&Q%TN\;)^`XG,NPTVL"Q(A+I`!O5L(B.ZQT* M1`_=\;KH.A]L8S]:?`[+#W^:S]3I:X<4F6.%\=),76;`J1(M%HWZP M1:2-:J#%92D(I6M4BB(_4EDH9\*^]PDO5F9I+$/M7>8"5Z/5*MOBL/S2Y>33 M-RON<#;>9AGY!%Y$P4T41T6$,@#0`!_E:5DB5\\,7!/_K&--E0']B\J M_#BFTA$7[PO$7=BLO1N`>WTXL(^#_(Z\@O0_U&,/04S4-D2W65\PG*U4A."7 M2F!H93_49/D&5BN+M-'9PVO#P7$4Q^D7>CMYGF9GZ?:F6&]C\L%(MT3%.5YA MHNY-+#L0,>P,!J2=DA!$[B2A=9JAL)1%5Q-,F&^XM#-,&YA]W#<<,B]Q05\9 M\HU[B$(5'-!HOIY^GR^EDXNUE,^_QM+!GZ8L"-29H7L_7'-`WS11JW[SADK>";#;%8T&>0#$G/ M@')Z8^P;4"3/V]DTJ.QL"XHKC<4M*)!7R$V,"I'1FQH1,;V!1?:AZ^086CX_H?-XS1Y MP%D1D34_64+=1WF>9D^7:8%_C(J['X(D)7_]@6"1S%F"0V:;WJ##Y1YJPB:3 MG3BTEX>H0/2%2$2E2%3*]`57/4U5/T+N[=+^&"QCZO.KX(GN/46W&9TF(#3) M!((.$H1*L;[`$62S?H=90C^[N)^=)JOT'B^#1W;Z0).,C*[]%=T$M3`]-<=U)M MV@N8P62L%BRKB8AAU]*E($0E[4^QO?JF6=BDF?=DZ:OA%OW7.?G03O(BN@^* MS@90T@B\;!<+A:"(C$CGGMV8OH!&_<3M5;7*SL-!8K&]R?$_MF3FFSS0+Z0N M3D;>'@P4K2J@I#MZJ'1R@H[17@SB#+?URY[/U%8$,S7VBZI'O^"*Z3:)UM`H:VPJZ*(RP=KH$#0D&MHL'`B/] M'4$Z4X1^L^NJL'7@8GM_'V1/]&\UO1I[U%(SW]X)%\9MOR3NX#)@,%E0D)=W MMBYOW)4&RBH)X03.2!VU,%#*#`FF?+J(@>=HF-UN! M$UL-X(1/'6$.V)YV8_KD3/'3=FB>)+9U$>MYAM%-$(5JNF!M-SCOF*%B,(XQ-J**2"_PDV#,T#@=,C$KMPUX6E"DJU\:!V>R MGG!;G+YP+X!0_C$@E6#S,I#AA`_X&2KC43H M-',0#"P6#$N\XV-ZLR'2/6PW>%=EYN?\4!.DQMN0Q4-F+%*G*++H9EO0C.1E M>DE,D"8%,0=1Y7::%)@@0(8E1X,?8$$`>4CX-:S\JO5EB-?1*BI>^89KMR;4 M?S3A0/G:WB'-O.Q8B"?OE-,3M/*MDK]4WGTM#F/$P[Q=S_VE&F_S@BRALHKO M1"!*U*0=Z=56@LT"&',_'$@$&][/Q'@IKRC_#`V880 M^(+!ST.KYE-VXD@%MASRFUQ&D5]$"9Z2'V4N%S1T\&V4"0=]WZI1T3]/_N7V M2`>B;K$KN:O2V3?LRI^Y^_54`^2P_);G$5G/C(D&MVDF9[=LMG+`;2D4"P%O MR6S)QD75P+Z`0O/<75)+A;W[WXA?)P%9DZGJ>[9;@&ZW)>)`-!+-(='_X?_] MO[[X6?'8];MII9F=A/J>\0V)66QON[&K8%Z)$JZB=\M-E__!NA([2*)SE=[H M#PX6]+NG_LLOL0H=JM8@>!BH`<$'&Y[F:U7C'['L+#\A8F"+.D:,?=(?)/3Z MX!2OTPSON/U&27C)4BLU1[+6W4$PZJ,H!%>,\^J&":SR_RBS([W]3]+DN':: M0?[,Q?J$M#[FJD.OOV/[8Y'`>Q?U0N5?SB[&098]$2V^!%F8$[=T$6C0"80[ M?R'5VA5ETMFN&MOHJ'L#%7'F:W[X*7N=YNOV9K& M79W'Z1<1S;:R.9!)5*\(["*3CX_VNWM*`DG3E9D,GT!C8HLF-/]V*D+2P4,"B6K=/!`$FGL=*#AC^Q69-[=S+BW:),1UB1$GR4%; M?$X>N<8D9YP2I.SI*A'(1#UGZ3];S"_>LI)$<,/E>05+2]M(,GW,?><"9.V- ML1&^I)T<04NGE"M4=4X\/(63SAYB))EYZ5`%!A1`,NQXP"(#;J,=U64&O,*4 MG5G,*PVXQA9E;3MY5^Y1J`0%G.1M8<<5.A5`IQ2,E>[=_G"5"O`**=K';YP] MF+D`AH=O=XLQY6=*VA2,!I4"8#!\2[!0UKUA`KP#@^KIVUC0VQ\&A3]TH^8T MB%#U``/#0!TP/OY`*2QK8LHH2B[-.[`86*2-&6,/#1B.5E;]*JO7D7]F6]S( MNT\X(5#M5WN"[S*63L>9[5@(/#SN(`\-QO\'@O]2%S2I9Y#R17PIM\X'XO-#0J@*&U'L"*3ZCSCT]%C&R M0WMQ8>B3YV."*(_]2C7K9W^2ZM9/CN";L>@)-%KB`P+I2MJBM^:[J0J`A98G^7TS;F MT3.SZ!SXG+AD+\V>Q4C`_W:)=1FJT%$/@.9>CP4!>J4"S3GE/[U"4<++#P2U M)$M*6+FZ(SW)-X?\O5:$8,\[&'O(.^C8U/J7!@"A`9/-,+NO_X@3HF=,U!N% M]U$2Y:SV[0-6,V\9=H8GI5DI";K_Y)*.T"V7Q=`<-*3YAF<[XW12Q'JX\-F. M&)=9$,JP*&SJ^KBOH0!P5<'&)4M<-C#95Q9T;-_`I7I^S=F:P`,#UA!K;6@E MH.DT@U?VD@B&IY[4!O4-);*'[I344IK[4-FH9^EJ2P_"KBH"MS.ROVJY4-X. ME)&J%`TZ!2@'1GQD-*%5U,G8OB!#^_#UQ%0#PP,8XLO!Z9$H2X"M1>J%TR*S$?3GK`P03OU#KQ6 M]C0]TM)(C0#"/DZ$I$T&"=TT[N*I\SRZ37!(3PO'9]/I,OT4W"8!*_HD@)Q5 M=V#:I+VBL+1)(H\AKHK!I^"CD`_KD2=&#-MYJCX4#' MCI6K*,WJR'E_ILBUE`#/K"\8?%8J.KE%V`_N&P"M;-$&80]_`3+K:7$D\A$] MVV9D?;V\P_PX\CS-R/]ALKEB>WO>SM5+(9"%B>\1K MGZ!UFM'_I_)H2KP_%Q'V)FHDM_=PX)!?V7P;T[S[,I0@37*^!FCEX$LON2P& M94N98,_^.QOGNYWN9\SG[.D@'5Y@$-2_3OE#;F+D@!=I+=1 M7D2KG)\R'E$\OC8IE.'-]L/<6GI^_N?>E.P8FY9TB2"%7*.1.];LAE#0Y8KW M[-.-1Y4R3PL,?.A[_O,H7P5Q]0U?;=O?175;)_?]4A6<7.3RT:NK?S:^+R@Q M,H+H[E_CB/[+^D]1$MUO[\?I_7U4,#:&>?>84]$0M&Q7"X>`H1P9K?9#L\M6 M?R8,_?/7U^`FU@='-$9F60-K^"A9-@"'IW&N11/EM?$=<2 M$3P`.@D7V_O[('LB$U=TFT3K:!4TN`KI-9J:/-?=V&!$.GU$,'(I1R%3B'X' MZRHQ&)=*T;_5U&J089:*>8=SIV9NOP\'@-)P!\S\F'M'B'V6W@=1(CEG%K<% M'S=&-6EUSM.]OL`LUKM?JMFB]XA!NQ3:X/A<"0#!P\XX`K M6H:<7F(YM8:DN0/.#+4BL"C1,JGD9VPU(TA5?(2X M;%0)]PFG_AVT5JZCF)M>Q7(]"\RQ,)5-N=Q>`3R. M`GSIY>M-D..0GIN0_2L[/N97LJ-M<4?6K+_BD%W.LCE\MF'9:\2S^>019ZLH MQU=9M,)S2F$YVQ9D-D]"\IB\7?XCCF[OR/0^>B"/?XOGF)X:DC^SXH;!JB!O MX1)G]R>2Y:XVQ/UGFD".M]F M251L,YJ9>!X]TI]R=I0BF1+D[<$OJ585R&NS&YQM$K"OQ3.T-FC#U]`?`W[1 M]N5-\1IG&0YI25T!7S!+IM!EU_<=#?[%@#T&*`RV7@RW%$XI'M!HSTGM<>TC MH.4Z\[,+!+@HGUO2QE<%J:I,[I*?I+[?-JFK:S^:HX*[O1_#%:2#9@T"CN>4 M$=L(2A%X%4OBP(KB^KU`-/2'=YD3S@6MGI9D(Y['#:K)]M[`M!<(KA9J@18% M9?I_)0?5!'D%/`M[U`%F[2<`D((H^QS$6P+F\R@)DE44Q-.$"-GJ2D2;]H0! MRDX]$*B(*,1DL<252AJJB?,+6W:F:>"KC^N`E:+?UK+JR#Q)]U%D.T7@K0_Z M-.L+KR1MHR(X://D+3I&-8'L<]H0Z17:K`W4J3UM[\1!"_KP+!WSVI7*+BY* M\6@5`D.P7<_:%[S9&$%0`!$\4QV1O0_E0E<4`#3J`9BXS92!8 MV4F@W\60\]=Z6AS/W"#UZ\`D6@62*)(O`CT&4T/N0ZR3#04R/.66' M?C9#P,\!>R@,P>5^-'XMQO-(V<9@56T,BOW2&07AS]N\\/+TL(?E.@>*O7T] M'*3I"B!-V''\)TRS&"6X[;8#@U,J&AA(3@;EH2N^84KZP&W@:(P],!^T(`R= M8I<3BY'/.B=G:=>YD^`(,J(;1FG8X[A.O@T@Y]L34UH[7M'J1QS'_Y.D7Y(%F2_3!(?3/-]V5G'Z M]B!Z.R-50/FGO#P9E7#\"Q6!*AF("_$%0,;6J'/=67@&5*U!5(>X5G51$0EO MT1E:V\%225@R7UG9NA)'64AX79!L+]'3$'=[4[6J1?1R:'_\38*,!FOE]%-+ M%GMG4;PEH[/@,`7P3'J!$&>A%F@"*\6@ES%;5I'5!0JY+$Z3Y"G*+,Q3AY>U MVP!I$H+JP@I`*9O#4B`,%`$E/$A*0WN*'!-S-!(9C!T#Q\I^FKO$J@0P=7LG M:%&JX@0N^T\9IX#T&RY*>XCP8N`;((EH.^>AGO`@`(V^#YQ`U$0E4)`9HP]- MNGDN]:P6G^!C;)4.;ZBYIP#YJ,'CCH!2SCTK:@7+)I6+!26+!H^4VZ#D"7UY MPT=^Y1,<%$_>2._46=Q%L&N7P=HHJE71S5'XJEXQ5W&J`E)RKR)I;&PBCCHU M]1:,6(KQ5>6S-2U%)":T%4#*L".8.,I<.>@="I=$@<5J4$DIBWV"F)V%VBQ0 MMO[S(22"1I35PF1SLQJ0_<<[8+"$X:,<*G[:%QP[,Y1YH(25TP=$O3I:5UEL MTJPO',TV*AXX2-L[`-O8I@-6>_\-&\XC">@UCZ.U',1)()"]T@.$>_N&VWZ& M$D47]77O@,FO^):J.,>;-*,*FL/7I"<\J=5['FCY!LW,T'BU^0.<7LQ_1]/)\-O\T6DYGE][L]'O:J@/6 M/CY]ACJ7LW6EG>S`R:B+NQJ8"H7`9]55+@2K4DU%>`DKTO`';;,;P-Y4K)$CY'8IZZOM0N?(VJW29/>Y-_54`I;#N(PFM=&:0AL M+W">?X\HB9V$9Y^>JB9?!V=Q/^O)@X#M?>XL9`8@%% M=(KK.(-N.%XWO,$J/%/1W7&`IEY1YR&:@M`63Q'6QUSJ,$U3Q[K@'5Y&0?)S M5%+*EO^@G+*B&4K?R1&_L$XIT+S5X!0N!]^1"E?_'GNTJ+.SC9@XV,QCSFOF M"E!TD+OI`UY&*ZKE_O/D7RJ,#/P`9.&2XPOKI_`)Y18WYLZNR&5<$WS"K>V% M]J>R[$2]6[9)'O$#&0W(4@%^#!B%!1>/&KOHO0;E;4P]8Y8KX$!&9*F)-W1[VT3=1!?2]+P4@*@'M1'B%,",C-#[L MY@Z!\8=]<$'CV7,@,+-8?^7!UWD?R-JRE(XF=>9.GGI6:E#GI?4*D##KM3G( MH+X?]'2QM1RB>"OO_*@8.CJOGV!SN>S M3^A\>CFZ'$\O/Z+1>#G]/%U.)PMOOAUP4[7A#'4T)!@_CC$+4&7\='2II64< MU/`\V5`YZYK3`. M]&P]Z0$XJVJ?UN#<=SP<.#O*@T8F:,^#!FYX M?MI6>9Y=,\VNHB<>95%.P_&W&?E?SM!)Z1+6R^!1@L8A)!^,!O8`YG&1$OJ5 M,6HLM48.`'!D MI440LZ5S(Z?D#*^C5:0BZ3/L"&/2LE(.1*Y%)7%*T&8R$682T@2MX,Q<*E$@_+1V,"<$3NDISUD M;$0']PD@RJ=OD&OI+=_?_93`@Z?KQG'ZA9X$"7PO:`1RO%PHQ.N[45%0#>N3 MO^4/77>VSM3]/*GK;M59=N! MC\/XB>XGLGC!,;$P3CNK3&US-P=/"D4@0&%C^X(.TP<6'N!H30\/;MYG3PDF M!$$C)V',7:%.8I?W27"^>%_]T*)899FI#TV7J0A,MAQ@`/I,UP=IIC2:WARP M]3>5/9^FZXBQ/56L(.32B!!8U<\1(["!:J#]28T26!QMZQ74K.PBI@4V]EE_ M8%WG1,XD+Z)[(D2%)$E#$'34PB%8N>9!-+NQO4*&^K'K4#`Q^G`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`B>%>;MR2(T@4"2]O#XW]UJL##?O?%ELOL`T]Q M8V2.3FROF6L@(1\Y+4L0Q#2>1(H242M@\(94+"Q"(V>,F#D=V%,<*!Z]&7&A M,3EPCN#K+]W,T&H%GP_$8N&S`!_74Y*F"A5:U@B@%X-4%8`'QZ]Y#^@F$I`W[SRYOK!T`:-7`%3 M7[@(PJP5[#M]FN-;QJ]M$H6I[.@H#--$.5=QF-%>%KIY0AF7YA6.[`PC#L0T M=]N`I?1*GAC,:-W)MY2I-]N4O!138I2$GI13:BUU2?$^(\'+[/57'P1>=H'! MY**Z8%\0Z\`\G:)[4/<"9DQJ[8YHU4RI[@";(8V4.02X_)H/C&"><1>97#4\5NL;,_6L7(&RVJ=7@8+< M2=/I8$5QFTJ!)M9]^=ORRJY=!7=\%R4!NDAOH[R(5CGZF*7;S1$M0O7:-[2: MF+`"U3]1QD=XLI>S=?#H0.M*GY@DWBK=EM'85<2%4"7C0T2:&]V.T;/+8[&4MK^4&QV([(Z M#QE'6AS1G=$XR#+ MGM9I]B7(1'.`K@AR2 MX;^B6-E^=FML=P!>!H!SL\G21T9;1];1=`4C#K47-8,!32$8!*?]N(A>_L5L M9*^@HGCR!B"T-G<1(?LYR*)TF\_6:S+E+3;!2NA_=7M'\;`*55R%P98BR(]4 M!LJ9$)_`860-<>RKUC,NX-)F!51BI=/8$5!D2KA"":=^S/RC?C0S@Q@>:F<` M^`N$^UMA'+.V.8R3P$`16(Q>\R2CDN`3.$QLT&`0,/;&<-M;\K$;!_D=(^P. M<7CZ=$V6\=/D/$J"9$6IIRBO#"MA)MFA6@P`WF3:*^N$`*/DO$#GT\O1Y;A) M>>$+'ON;J+WAZ^O09V:DI7&N?=AH&_T.PT0K4@V8ZLJ&_*JH:$5&,**AE3NH M_V?T-`C/\$VA2'=NMP!]+"7B(!@@0Z*0C.E=O)KB>>O?0J5]!R1OWY?H'"6< M>*Q1*$\RDVB[P2G9#16#,R/4"J^R.R2#,HF^8,W66!T>=BLW/@LJS4(C%1U< M(O&`09(U%'H7*:FW@`)8SQ(S60K='V].DO"L>]ZM;`J*L-,IX`(R]1K`9'AT MYM$IM8D-ZH%X9E[HO^#YF%%BL2Q=*ZO^BEJ!%CX*L1`$L&%I<2TRKJ=!=8HG MKR^#M!8'LCB5N*K-1SI&)T4/.+N37AWX>J::'FI"/,6(H4DZ%%"F+G)&!U6E MC%BAR7X,EY12YBH#=^(-TJE:/M&JN[#Q%(:]+:?@K[+UMIMISHRS3MS8V>1V M*`:[52.=R%,LZ0TAF\T.PVMWO5@&C_0*?YI,'E*$AK=0032&S@:N)Q7,OG?R6_???A/ MGY!E::I&O<`^KNR/N5T\ZJX*ZBE.,%GAC8IS3`P6Q"W1[[\1X*_/*"`L`M2& MX'*ZCV#>5\M]><-%TP1R5$H70/3]-UY!%&#!.ES!G@>%-Y^3QUG*@E*J3\#L8RUQ/)^M M7P%';YRD)E^FGSE'3764TF1Q$7.7]A@`=NC62UG0B5LI$2U3]+E&XL.C2$NQ M:.)A4$0_6S7.V`">??:(PFGR0.9W0$2A:(!#110JE'4242@NJ36]_#Q9++_* M^$*%P0SC"[7N?<[XPO&6?/7N<5:]@1+D&G0\0(2A3#D'TRS?"*]*`=Y,I_:V MT$<:JCWE0W#K/IW`&'Z"K@<,<>TJZ"3*=9\:XC_^Y*8PCW65.6LX#`IV6I3W M8[T,'B704_4`(\Y`'5`\46-[73)J_//D7RJT/=,C%&02QA<6S^';&V-@A_:+ M8@RM`9>XY$&[B3R?6(%FV:)6U06^C#50")B-)4K&\FY!8&*'SGK4V#,#DHY4 M1V`\#IF^`FE"_IF/'B/9XE/=!T[P8:(2Z*BI$G"$N`BTE^$;SHR,T6'2,'?0 MT$SE9"XM#P_*JT;Y"E/8VA$WN50-"*YVMZAHG68UPBQ_3H<,C2"F&M3+V_1V$7UFJZB#25$YF+\^B\05TO>W6#>#JY>/A MIK@Y+7Z7X+"JL4WV6=O[;4ROFLYX0I-DMC/H")[XS)4#[J6K45&9Q.4+#NT- MT9X';=TT9-D%R@5:/-$:8@4MO4/>@PU=`9`-C`1SRBX."BWH%0)^:]GX[$H& M5X,?45I4W_!F8HIN(053YPRY%RUP[6#W'-':+3(PL:K"]>]0V!Z4!FB@"00H??Y?RLY.`N`A? MD&-JBGI&H+E3`&Q"D^7TJ?[($P_L:$W1)LOW<0=P`,CBTSCPZ08'S2W^"O) M*;9))CY@:N;^:KOZ[^<@WG+^Z#A.O]`X"P$XC+H!DP',%8.`YF4EZ!4]=V8_ MTMYENI("USH6BW7Q MCN3EF+[A1/+(G0+'*E,/&7F;/."LB&YB?)65";HLZXQ=I]>+Z4@@8S&`@[A< M6V5!\6&8.@:=HM5>+*W:7B9AL[1$W\!G;Z%N]&L_?_9?N99YC0JLR5J!UIX* ML1#45,.B=#^N+RC1/'9]5:@UM].$?9J?=4YV[+F$=M:XF^N4?*EB[G/PJ2C$ M9'G#1VMK%$URO<9=<$2=DH\I>9C%'>X$)4B;.4&,2+`3A)0#(S:RC[`0/;D( M!G*;NW6[P00B;.X9,!IP\'*:4)E`APO7T\*>3>%3E$3WVWM*JA`5=#)2 M5[82-'=$HB%7Q!5I1BF!+%IW(GS"B8DIQ(P8.J>XP,EYFN'H-N%[]=63IG*G M63]'R#%0S16$2E&HDH4J86CN$>.YM7G$L#)V'9QAA=Z&5UG?>CH546LGW"D* M-1QD\.>(CH_&OJ7P&UI`1'^B]02DO%Z!3TX6VYL<_V-+,[4>6'Z6?!&CZ0`L ML6>B##C0]N0$':.]%,3%>+6:,;-$L]2>N5^>D]NA%2%L3BS2Z7@`7@>9%I4@4 ME'72$R:4KL)80E_C&)%,FZ4NOH&XI^7:B`9Y?#AX5WE?5SAC.I7Z26`L:PV& MJT8-4)I#.30B8R,VN+_8TYBAC3$C=PP+\M[ M?>^J]0D>6GA;[Y;BM55P<+-H%F$D26]'?OH)QO%<,Q#=N6??XZS5RPNPD%`_.[=E351^AW;U^_?7M" M)T`6>H^/T(>W;X_>\O^O%O;!MKA+L^A7'/X)?7-R].'MMT?OWKZO_AKE.0UR M8A%RM1U`4""RW6-44>C]R1&B7QW6B!K9-SS+#"T@7%.X^#FKX$HP>8BHTL,$ ME#8K>7D<76D>6.E13"6K(*:&2K,-_$LJ$ND.(+S4FV_8$#YTYZLG-_1PB"@+ MVM26BO)86W%;,$*4*D"0LBM35%_?>SB3*`W01HV!$P9=W;?X>.7D*N*V+E;J M^W3 M6/HYL?1XE9/** M@O@JS2.6?"R^OK?JZHX^UT!!4.!0/89Y)PE5HGS#DXU9I'RZQHX[+-_6U?8F MCE;G<1JTH29NXX!92R`2=,_$Z;3XJ(@-ZPM@E,_>:VX&=N7!*:^9=U8V<8`26;L;L.B[4YIHR[-"OH,NC<5DJ; M.<"36+`#!.T'1G1D_P`C?O(N1%0V[W^#V0J-79+Q\Y@Q`M#[@X]!E"@8ERPZ M@^XW[96$`*<*C5Y5H='%7AYZ22^57J%;(M-3LB9[8]4O1/NZ%!`>BPLZ-+^T M&A5%%MUL"[HE7J9B$G`5GV3OL6!!M=!'``4_XJ)"91FD$=0T8(PG"DIY/S$, M-F@C;-<-*,"Y`;H*FPI044K`^U^JO\4G]3UE_=1Y]XB=F> M9A,D(_1S\X#G(BNHG2;QT^<2AB'RFI5VF[P\Q!#Q6!)5%S&$=I+ M09487_!H:Y#.*8B5JP`S8Y)L@WB.D^(B"I*G+3$T^;]3LNA8W=5_,R;KW[^2 M?]_F6U9Y1\SQ"!D--F/"'P,T>S+QB,HGZVR6GZ<9O^-3H+HI^VB:Y1!!Z0MA.` M*@DEAGS!BZDI.O3G1DYQP66Q8Q_>U:,4X$39W!%SA5P15X05TSW=]*:2X1-0 M3&PA9J?0><4%4-A74AFRJ&_O""H*55QAI5SE>!K$:&P.,5RTKG&$%VV0JTD/ M=Y@Y3,!K&S4^![]:F$2*'!>!L#KLF*]@]'T>`:YDZ@KZ*%8VQ5<0@`4S0HI@U5:]>(<#EAB##AU61A\/P:6#PW M(UN;?L9L::+KY9Q+Z``+E=,@CU8L=*.DW.%E4'<,0[[@S-(D.GZA`RUEJLKP M]:+PY.>+-+F](&`/^9V78HZR'``T;?53%@*V2B+#VTXF^Q>5>AQ3L8C+]6J& MZV>J^J0'<2R:%*\P M96B(QHK.QC$P6N;ORG#W??UJ#2VSH@.8EEFO#.R@H,#H.W2\8W[?B_$*,&:6 M:-,RF_IE0)H03+8EJX@I4TYZDH6_J"6<(D0N'A0_5!NV"LCV!3T&C]ZA!M&9 MWBO:/V5TM7G_(:C^W,5;UTG^^!JJ>8)Q\762_*GCKWLZ`1;6@V] MRTWR#2_2A^^0(ZL-#TXPIA=^P1/-NA.LK+MM7*0+=T6ZR`IF`6A\6%^X='6:-GJ, M9!\2<5MWC$LB%4!A1-7`1Z@:VA<(&3V[E$=);G]0<@X-9%M&0?)SE"QHGE:& M=VG%B<8BD(E9)J&?[C]/41(N)\@9"E=5KY/79> M@P4`;,E4M[M2D5S[-]N`+_N%(J%7_'10A*M1?<*!])';M_H*,T/81FX#&K7X M8YK]0CYMXV`3D96\:(4B;@CD"5$)!ZU(RI'1%SXT6O&Q?7*\^NF;C!UZVP.N M,3>;+'V,[LD'JG;.[06@H':2%G(1/L'#R!:- MJT9SO[@(:Z]1M%T1E]X%.2Z3`D>4DC@JGA1W1[V&<13\;J^XJWCX>L4,M"EE MHR]<.,$CE^[5]1/$;.*`^;X.=Y**(8@34:)3V,%5$H9"&6<9&/68("^7/V;V MD.1>:+US*-`836W*C@<$T:&F+S&8/)VN3`QCCJK#34F*6NQ&(#/I[PAK%JJZ M@EQURES)1)501*5Z"CT+.XD1:.W3(<\;-/\3XL)]P6IO\W2/-'NYB@,`>WD_'PR7J+9.9K\;?S#Z/+C!,U'RPF: M72(?ZV+T,4\G5:&W0X?#[24NJ":,_B+$X>G3=8[#:3)-'G!.KZ3+?5(DC2P' M#`3&<'_E04>\!*[H_&+VXP*=SV>?T/3R\V2QG%Y^1*/QJY2#N"Q1R?KSJ/ M8K+]:OEFV8V,^-"^@$;[[-WB-$J[]S\VO,"LACV-\6\6 M;EC>8>N80\!@H`-%^$-`L$:E?\^JL-(:(9W:(.0-1\G7%V<%%Z2JP,[%JTH+M>%]`:*Q!62E%33>`%RU M!#$M$?*`$TH4*0YNZK:!79G(1(+<3P=%Y:AD*F(#^^)^Y5,W+CG4E@;D56#R MI$%,IJ[=7H#.8>,@RY[6:?8ER(05VPQZP7(OS-4"96-P,;RZ^"X+AWWA5C51 M/L'%PC*-G`U;CX'X9CC_\'F:[6CZ<'XU'PN0I&@,Y9'1*`%+[RM'1\1VU;ZM MH`+(#$-D^`08O25:E#!&_ACZ.FJ7L$K4H9SOGP+M/YG3PH?+?:C%3>J^3;:^#:<@H:`(<8 M@27(I`F]*IZMZ2+D%).OZ/X-)B+%.V;!\J'W4.!T&\@#0+-RN&P:Z,66JC=, M?&T9PB(-9<IM$[+U2T(:I6H.P::`&!'[5 M1KHVOC>W%(:/7P>-L1L@LQU1F*".S:VS]3C#853,H_P7)2NPK@]P_C)4"391 MU82P-`XF!E$Y7D'&V!K-V<;*0X`TL]4JW9));1\,H.+%E#>&)9AIE0!EEY6C MH_WP7@%$__2-?#)#'\`H!_]8*[_RM,R")*=Y4'KF07T_,`&AL6K@P.$_LJLE MOL!GTE!=G%<8LC),FY;0TFG#;6Y9]!S.HC1LAS!)MJN*#N`-J%X9$.`F2S2] M',\GH\4$O3R;\)]>D=]Y&?2K-T9[EVCJF@%O*&N7'O)HLW8K^&VD6"SX$LHW MB$B>LW/3J++O<&"XB(*;*.;!N$G83:+0Q(@9=P?#QU91T#G7='0ZO6!AVFAT M>886/XSFDQ]F%V>3^:+*HOG?U]/E3W3&.I^.ITOOHA=MS=6&IYUCZT]_07XB MOZM^1?[GADQVY#?_#U!+`P04````"``&>J]"8FAS]$$I``"(%P,`%0`<`&-H M;&\M,C`Q,C$R,S%?<')E+GAM;%54"0`#_-Z34?S>DU%U>`L``00E#@``!#D! M``#M?6USVSBR[N<]5><_^,[YD'NJ-I,XF;=,[=Q3LB0GVG4L'4G)['R:HD7( MP@Y%:$#2L??77X"4+%+$&RE0;"BLFIHD-EZZGX=H=`,-X&__\[@.+AX0C3`) M?WEQ^>WK%Q_O,`1>?G33]^_>WGYXG_^WW_^Q]_^S\N7%Q-*_&2! M_(N[IXOAX'UO&B4X1A<16<9?/(K^>M'S'[R0%^B3]2:)$;T8A2%Y\&+60_17 M]H_%MW]EO]L\47R_BB_^;_^_+]Z\?OW3RS>O+]]\>_'ERY=OD7_OT;39;Q=D M??'R)>\[P.$?/_/_W7D1NF!2A]$OWZSB>//SJU>\TN,=#;XE]/X5:^SMJUW! M;_[S/_[RE[3PSX\1+E3X\G97_/+5/S_>S!8KM/9>XC"*N?A9Q0C_'*4_OR&+ M5`&#+B^D)?B_7NZ*O>0_>GGYYN7;RV\?(S\GZ!('A6X6*QQZ`;G'48P7$6;X M,51><;@NW[R]S%7D35?$I%1EB\KENW?O7J6_S9=FS?GQ<_%\Z]^_RGYY4!HK MQ'E&FK'[EXQ>2@(T1GZ:@""J]XE5?8I[\/R")9HS#>_=D+_6$8X_AI M%"X)7:L^RGBH%(OC&^]-3H06%HL+V">V1XM"NO1Q:Y)]M>4UA?2 M4;`M\6K#;&<8OV2T0M>7!#J(YK9_9/@ MOU-DSIH5X%[XM6-X%U43X_SFU#A/$,6$Z>`/O%@%>+&,<@/E!-#_=VIH,[$[C-QJ!>,V*3Z^`_T)#7KA^4<@UZB MK)B"[T]%03^A7-%K'"V\X#?D4;G-D19UC`BYRF(N?CCQ<"#K-0EG,5G\,5LQ MY:-Q$G./FX=V\K&AJN08/R8PB)GZ\;1,39*[`"^N`^(=.L_B,D[R4%!2#/M/ MIX7]&@>(]MF`O2=4/EL42SD)_8&B8O#?G=@Z9<9SBC:$QFPHSAB.222W2^+B M3M(A4UT2FKT^+3&?29`P%&GVU<@9.2SG)!4E924S3U>ST6#4FXZ&L_[X=C:^&0UZ\^'@JG?3N^T/9Q^&P_GLTVWOTV#$ M?EIW;=Y6]R=?OK'PW#[X]^Y\X+X M9SE>7C-]PP5FWR:)L&)'H%+5H^R)!;7FWEUPN(@A*=22/:G#!+4DS-PP718(A8^^#>9ZE(94P%CYM.BM&1; MW/6B",61QA`<%(+"6>ESR_-VJ!BX49,)N(TUC0@X+.L0#R4U&]I^JT]'WXM6 M$O337[4,MO)KR>.=Z0'N:[\E,8JF:('P`[>TMTCVJ0L*N@*]2$=PWWEOL2!) M&!MQ(2[K"AT231O:=:[/R#A>(;H74N8\E8JYPD-9OX9VH^M3,*%HXV%_^+A! M8818T)_*7-!0PHI)35>(,D*AH6WL^MP-$G3-])VB@+DC_L2C,9:.(7%95_B1 M:-K09K8ES];$HW6&`:.QM7?Z9X`UWT>5SO+***[RH M]6YH,_O8`:(<&F48&'+4V\304'\-@..MR2[K))7ZLQKZ/,VDF'O9'8=_;X)B+)@ZM M):7/GDDI3.!VA*/_'8DBE8HC/`#8@B1-;HA472+XO&2!7'R5;-*K9S]MU`95HMAF'B= M84Z8R>GSY/^;7?+_>TJ2#1,F/8!<@$.P!E&M_MD27`-**G2VI!<]D#-K('S_R+TP.F.T<,\##F;L_]_ M'-[.9^/K\60X[L0G_\<3(=?AC>SD:?AZR-\GJU M8S(R9_8Y'T>SMBHKW?89/G?.4VKP[HY0=D&M],D5 MEW(.E8,W=KR`'[M*Y93G.1^6:AE]V4=3&#>'BH&#OD^B>+Q\3X@?SU=*. M1;&4`]"7%`.W6_2>DBB:4+*4KD3G2S@`>4$A6= M,/L*=<&-A!E*@]/W*&0R!RSH[/EK'*:7:L?X`6TUD$T+9I5;)DW[]16F#4,\ M+,XFXH7V*\\?H+MX)W,NH5"TK*XJ[0+\6HTM#APCO/48NXJK"_.#Z;S@!`<* M+<'MW._W%/EAV3X)F;P)$WDK.PEEU!A4=(DK$QS`;<*G6\29Y/P8IZ&OI:[D MAL.E41R>P=L+K*>E;0[,/BL)'P#C[MU&3";@5A_YVH>TN'.TR!4'%Y:DRCU; M;$.F-)6F'$5.1XAW[ZKR!%_[V'PW084APQNSE( M*$]&3%]/T)RU.$7/;GXS)^$$9L0M.5^212C\\H54"_8+BKP(#5#V9\4OS*3% M\_IRC#`TB^;=`<..IV?QBA2!'D7)"F=Q=D=Q!!N!-1MRB\9C$`,7'>_.4K*Q MEQZMTOA\TN)..'IR9<'SK'.(;7\_F MX_X_/HQO!L/I;/B_GT;SWP;#ZU%_-!5+"C+`H%$)47YC\RL*=ON!HR5W-I^2D7,XU0@2:@HNM)=?K*9E1 MUW&-)0T"`-,-BS?E*:F2%':-(YG.X#(&#:ZN4P\MX_JN45@!&7`+]N+-.R61 MRBJN<:?6']QZXH%:`[)FQD.VD"\LZQI!$HW!I1%V=]8\^WO.W5EC?*$=Q"OL M3'92*EP\5YV_39K_P@2A<:LL.I[,/US?C7V:?02WP<[[?<3G<;JU`*AVY=%M,@^%?X032AXPLXU73Y\BY(_"YRL&>LSE M?,AN'U<;AQH-0>%>%SQ5!@C<"'4NL*W_6;ITU*_G_RN)8OX)1OQ]X`4)%SA` M!:GGQ,[P;*2KL_A(FB$!W"++`#&&%CCE1WV%IZCD63`MA`#[B91+T%@N2L`^4?9X(/R@\7UZH0W=C1TX.QR6:-;$J/4+3QL*]VN+35O@:"#Y$"YY=)4*ACJ$L5OP:" MRV@U?KV#P(SX#]QCG)//*/0)Y3IE"7?I-FN<*7K`XS$MG0^Q1^$)+FE1/L%, MO*=:\_&NWODP7@$K<%F.0IEI@O)J5Z'XL.I7PG(),7!)DU*QTVMS:PSF4MVO MB.HB9N!N;"S+W4^BF*P1W4Y#YD.Z5/%K8+F,%KAGHLU7!H_>ACQ#RJN@IWLU M&@SWH_`!13:VHE4-.;'X60<@<&$TDYY]CO'3)/!8?!#Z/+UND[XWO#UJ*!O9 M!A5A;FL8?,#%D\IZ@,`M<4J%'N!H0R(OJ,SJON)YLYH#J/$'[?HD"%":0SY> M#A+$W['*/:E7GE3-ZCC-CR$LX,SHH?>PE7N[R*;@M$8#3A-7PB50`#YY0/ METL61XR7P\?%R@OOT91]UN.0Z\,B/OX'C_H>O(#G&DOXKM3$63!>#31PR9PI M`E7>0%%4.`L^58"`SH<1U1Z]H[=U:+AK_ZRY/?;DI\]_M'/ZO(5# MH\EF$Z0!FQ?LCL&.PB6AZXPBS5%DP]I.!*7&4%@TGY(%8OZY>MC/'BB;KU!F MR*\)W5Y'(GJIN4+%MNFH]LT]KP\;HJ()2T]RP\,`1XN`1`E%/#'^;D=S14%;"E%_9R(O1)&)$`^]FG&/J3 M'$[CY7;2\()GDZ);PK/3=EMQLQ5:;Y\P"<,7N)EWC!MT&S-%+^%"8#:<'\(#OFZ#@16C95QPEOQPTX M6@Z):;+;=DNF22*[2N0Y^U:NF$A_2(S844VV9.X:^4[RYNXXG.$9QK>'!V#L M&+MRLRT;L+)`]HQ2J6V-H9&7;\EXW!`OC-(CJW/J^6AW7"8GX1Y,G=6HUU;+ MYD++8-X$U$0+WMC_;I?^E<_\LC/^Q4VW;`/$0MFS`\+V-;9`70=@WJ2A&:C4 M1,NCWX@WT[1)%P;^]]N3-=MCS8?G(W.I_7:L087^6C81%22U9S?,.]48DQH- MM??H2OZL9OE0WT[TW(_V3&WUT=D@RYVT;*7J?R4';[I8!1Z>>"FCLRYO5;M@\&;*DO$Y?B`F^,_YA+SLL_ M0F#)7Y$WW_)XEPMF;]1+^]",?7V]UE[?$\ME;@.JM-"R%3!FK_A67P6$X%F# MG[([4=/];CL&H-!BRV.^((N]89YO5C.RA47;RVG/1#$?OH* MM>$-R7?;')3]KK"=@2EHM^7A*9#(WB`M-ZX9JHH*;?G?Z)ZOC$W1AE"^*U;! M\S:HV?+PU?-3<+E-H(`WEB]?\U>Q<789.<]^)^GV)@KMY4:HNV@[34LIG+W! MKNQ',^[-ZK;WZII,-'-K4+&1E@U#)2X/'Z"O@A5`^79U(U-8MMV=-S:K]-.#C7R:&5)*:)]0FMTWHQVH MU=IH>_"JF!)LC9DB`V\L'Y7T>.UA^MD+$I3+`!^%#*TD=48`Y4*;2NIRRK2I MCG8,FJ8WA7DSK=G6&]X&,,K>"3:KVZ)QJ\A:X1EO,US.S,1]BIB^0];?FLT& MD"R:1#"7#9A$)3OVJMBXPCQ)"K9DC8K22,S.0:$6[8L:Y;PY.53LS.S&=I$W M2WY:9#ND0=H$(!MB(*3+]L1`/4N^D+2CW0BX%/E!!K7:\H$$HNUR`D(_)^EV MVM<%?_7;:]-7,F>UX"?5Q^[,;*#XYB-`]D\CH,NV3Z.:O4LVRIVH;)ZN1HL7 M\$C0TMHVL[HMVC%#E@YOZC'`X\SL5?EE1D"V2B&)BP^,PK)K:HLLM,&K*JR MELR:8;U"4M7LU5"[-"VU6B@30-7DZ7=?6U5H3HSVR<\8QWZ-R2\O\$/ MR,\>%@-D^2H*[++=JZBJ'=-AUJG"YE5LH*T#"VLVN&GZ;`#=O:HT7HJ@U4:G MM9IJT6+68[AP[*$6>&=F.7<3!W\8:/=8)B1#J9;/9;NHULRN!U7HP\#3$Y>W M[-:5%5?Y<*+2`!PV);*'WIE0XS,S*.G1;]8`\OMDS9U.:'N9&@%=-BD:U>P, M7W$G"J.BJ=!6_OB*C>^25./-%O`1&Z\,VP?$KV%2YW+5::E%RV7&7R'GO`Y4 M9V;6>-T%*SW`01(CYF9&T031%!E`MLU$2I<-G(E^=JR%J3.IU=9#31X- M&9)%O+11H:Y6BW:L`D.%MY=T.)R9X>J3U#QG)XC'RSY%/HZG./H#D-G2R^BR MT=)K9RG)0M:/PF#IZUA[AUL%@BCPT]5H,U'"%.G]<]L:[<_,Z$S1`PH3)M&" ML%+``D"%<"Z;&85:=H9PN0-5`I>J=&MW=0D1TCI!^GHMVB(#5HJW<6DQ.#-; MQ&-6BE8L;&4A:G;5$2!CI)+.96NDTLN61U'J0>GHR$M;NJ"L M8,F:*'07&11E\58O23!!=V=6U$J?F67)WXXA7B] MJ6%&D*QXB^:DZHVFYQ[<\*SVPL\I"=E?%PC:O2J&@KIL:0Q5M+48H^I,88\, M*UKR8@PP$7DS1M5:772I@O[.NS$#X\PLE/QP]&RQ0GX2\&MBBF6&CXOTCJRI M%S,;;N_=2`!ZN&S?["!@*0G)I$=53E*E^I:,H5&G=85M-:6H#AL[JVB(RIF9 M147VPAZ0">N%U?*"M!1^0.GO(S`VT8(2+AM$"^K;-BR2WHPLH:ZN=2LHZ;". MD#"LGR'Z9U2N]9KS7XO`W-NU4]6ZAO0FN%=CV\*KP<+A!)>NC_["G M2F+!&.\F#WOKE(8WPH4O%N=LE>"W-D=Z_>XAO@!N)+CUB;7:4^&&%>W/_X+> M*HL'PQ*8/O)M`@`\BV#^.O!>-^,J-FW'*01UYA'Q^BK:'N@VGB`_IC7KELM8 M!#N*P+!Q1ST17AL_>-90\!;R7C/^Q!()TQ*3A"Y67H1^]2A-UP]88,?*VK1W M=D2!]\YX#25L#W%]QT;&JD(SUJV4ON\C18=AEZHS539()E#!LT32]YCWB@T2 MQ&\=R!6T['(=*0/4-\_-I+<]8H5]&=D9=4WKID78774!81@0(]3+-D."@:MF M8D[:-A(2"9PP$1+9&QAWASV9F@=IO2:,PV%G584#8QAT:`O-0EE[>$8A_S@\ M/\U!0IZ$Q.\_BZ(KM"04/1=@X9DX,=NFB;`H3\L&PZ(F]@XFU1%"0!1TR&:T)SI4YASK2]`S5>6KGM MCV=YEX:&R:"!!LR0O-?:XD(Q,>:,B`R*"AC8YF/OW.T/ENPT:Z'`6)5'=ED`_0$E&*?.[Q9+=(AWY# M&];'"`!R^)N);GW%0=VKV1*)81MMW5=:"6+=V+;K MW?:XQ'B#LGO%"I,PB]O6Z4^OGJ;HGO_6IMFJV7?+%JNFU/:]@G)7AJZ+HF(# MSDNYM\KBP3`8)HB+7!@1`/`,P>5KOGN-X^SL:>CS]1DQ&.$=+X89ED,MO>]P)>C*R#:IZUHV#H+.JPL$P#P9HE^V# M4'N`!N+-%$6LJ_3^B>U?_2LOX&_5S%8(6=W?->VL[>%N**:MZU'*'2CO;E$4 MMW9C2[D/0U':O9%%C^3^'A:1BHZ,S]GN!^/E/HY-YZ72C9R-#]_JLD`VJ5*^+EGMOI>M+H.R!>[84;%3H$; MHD-Q&QN@SQU5,RWE:LW9D.>^*HH&S"I(D58,_YSJ\,;Y47?G#%#LX0#")48[ M25R^B6BG@YTQN&TM^^,&/:#@.X5U4)5N:Z]T-X)2ZRG;`BT6:M%8&.!=V,,\ MT$YC&5J$GXT=-&)_/;37-AI)'O.87\"T6R3I)SR4,$+,D6/@"M+(\%'9*'];S2\MJ=2T.%C>X_=W_4KH'\P^][T-CGE/)9PE!<$#+%-0C.P;>\CFF+U%,4].%RXI"XN! M1U6LG!C3MZZZ?$?>'PO'8[2DB,L.IR4(.G^U\U<[?[7S5_=C>8(H)OXP]*G9,!Z]FD*B`:!]@U9VW[DVA_5RD<_TLNF\LNE5RKSDOJO*3.2_HZO20[W/6"@'SA MN2XL)AN0Y"Y>)D'9WFRO7Y306JT-*(P+Y_>:L)S9%ES/?^"Z1W/RF4V&A#Y? MP\E:VWCX^79.0!-_18F==@J!FXP]$GX@&B,V>66\U*C`="4 MU0&D\13A.8F]P/Q1:65QT.CKE3VSU&'VF2U8I>PH['C99U\9CJ>$?HBE84`@*#]*)5Z08 MO#6HMX" MPH-TMA,IUOAAE!MTST+:;)X5X%CX-7@$B\HTO@BRN]=^F]`BG$F*)<`C6%)) ML[K14NI4]HS`1^97$ M^'_?8ACRW822#:+Q4R_TAW\F>,.URNV`"GYK-1PYHO^6PY(C)._"DRX\Z<*3 M+CPIOD^9L&:?385@!)?+0&%!ZA@*U`(W#*X3&N*8&75FJ:_Q(_];])Z22#8: MY.5!TV&@KL70Q]*IR/P-80S1!4[Q9'\/T'9[K+\$\?;`!!?=266]+5V-;U3%"3[52FLB/2B11O.Q!.1HH8L'NG@`CB/4 MQ0-PXH%N<[[5S?GOF;-$D^<%[>>C_=LS+;EG:/<+/L95K,YY)Y&TY;GS)#IV MJ!FX]*G4UT^2O#Y,P+3%)Z&+E16A[5JZWB/$#*VO5X;]<]H[I_WK=-KM<+<[UMP+_2F^7ZF.;AM5@<*G]Q91RB]WY\I>/>V+L,"&_ZCWQ:/^.%4BK]VOB.N+_.WE\<-'1!:+>G?AR3D8%N(`J5>ON4//L.'$XG\C_Q/SE6CJN60*\\W9J*#: ME".5@V$+S`$:4[3V<,C?[R)A.C$F7C!'='VI^D@!2.?.1PP`+)N!J^2UNV1] MA^AXF>F6:A0\\;&WG0"&CQO,YFJ!EVM:$S3AE2"`ES'QXQ2EZ3H3C\;9"U[L MZ^%?V#Y4&B2(WUR9*VA[@^E8(5H.-(\5OXLPNP@3@`?<19A@MH6VYH+-)Z%/ MPOL/";XCH_6&T)A-)>S_?7(3BV94LWI0V)+.IX;J-[ZKM)5CCKWP7SBBH2"8" M<5G0'&C4=,@_/XT##MW#[ESHSH7N7.BOVX7N)KZF)KXVTZ/-%E7FI/5E*9D( M4*=,(^&[^;2;3[OY].N<3Q6A^#\Q"UV7*.RO4"B+Q@MEH+"@#LB+:IUB66E. MKC";"J1+&MO?N@'?3I73+`=57XW3U'$#Y#HK<19W>5,99JLDO"+O$_)W//#P M;XG4!I0+N@&R0$&+UYFIUC@9N^HUSN<";B"94TAS(9FU;Y/9\+^+'T,Y*.`& M@CF%Q`C^8/&N3<+B@U[HCT+F.*`H3@7H#])_AE[6[Y#_8T-QA*)1N!"@7*,1 M\$S4`4;,UH^MKND?QGGRA8U22=`<*544$_%3BXL:/[$/A*S1W'NTO%0A:KCE M!0B12-VR0K>LT"TK?)W+"G:X&RZ7B!_00L_69 M^/*(3HC)M%\#?E[+>?Q3U>&]AY?WD?@Y`1(B_OSEDJMPA9CP^U'-@I!;$J;Y M_21@XMP_AR1-^9''"@3(_SQ6ECT5&X#"GV*E MK!H@S;\?5$$@L6=4M86SXDCA,5ET6:M(="1#YT6/2][L?(4FE#S@B,EP3>@I MUD"K=0_44]4+WOFEG5_:^:6=7[H?RQ*#(71!Y66AL"*=*A5J-NY82OH6^Y"* MPJZ"?!K/4-*Y.<3.XJMR[=R[US#OW.Q3SY]_^(Q!8ZZ@2:>`'$`3<3NWKW/[ M.K>O<_OV8[EL*ZY0B)8X[L77B(GI!5RAA+7VQ+>'Q\NWWPG&>)U6H#`IG65K M0=.X$YG*G3/[?`-SN95G*Y^`()-:X`DQ4KUQ__+3;)LJ,0J'CPL41>,E(P8+#U+/AN0!2A]$;=IEYZ.DH"D$&4H>Q= M1-5%5%U$U454^[&\=4@/$POS686",6U2"PI3TNG22/731$@5X=?7`0^^@=K- MK[U/^Q6!U]4`#[M6Y<9C(*.(Q\7XID8TTX+S_>Z:4(3OP_UYB?Q*//L,UNE/ MKYZFZ![;OG^O;NZ\[<[;[KSMSMO..7M>@*(I^Z;"!(D3*0Y+0&%` M[L@=JM3\(ZCI`H<8OOWOP`.74Z-Q3S=/TIS$O!/EEY>5`0^A0*W&_=>,-AF( M^=^"AZ^@2N,+[UEOP@R]YU\Y`ID\_Z[-=?7+U_RU3QQS!?CZ;W8X^AZ%"]OK MYT8]M>RT&\G8>>B=A]YYZ%^GAVZ'NQN^E?MM+L[Y=M/N(0KY-UKNSI)D@3*2!/GB;R=Q-K-[%V$^O7.;&*QW+95O"Y M1#",)06A\"$-#64*.CM'?O8H)DDT7B[Q`LTVWN*44:21&&[,D@H%NFFRFR:[ M:;*;)G.KI&&8>`&?.?Z)/2;V%?7"Q2K[>Q_'3]?)O[`7IFF^XM2)B@U`X4\Z MK58%I/GMIV>!LLO?O?">_9>)E?\)%^[O_,6-*#&BJWIK#G%7`ZK&-\7VTFT? MG<@$V_Z#RZ3D2UK)(5KDBL.[=N?RC/A'4X?+"_9"-MOFTO4RI8YSUV MWF/G/7;>8R[/8\5TCD91E"!_3GY%6/*"F;@<%#:D$Y=$O<9=/A;8/R`:8_:1 M,/]DC:.(T"=NFW_%\>J#%Q+VVP\D\,7/\E2I#9Z"2E"T])LA$P4ZDZ>&JJ@0'0P7LS95)OM=S^U;_R`IY*/ULA M9/<*<./>VG;_3.7LO,'.&P3D#28W$EYPV$E9S>8D&2-(=D@?`#5^H6/;O_HGT)97DH[$AC5XVZC:_P MC.,5HOO.(S78JM+@H5:JVORFF__`(]D4J$',#-A[VMYG%D>I+ MK]@">$(J0]+X[)L>">LGE.N6G7A2\*$H#!YZE:+-WT3'.S>#UTE=5?N3K).`]S9`2[S` MFN!(5A@\QBI%)6'1ZT9@S@P963.45LRXX0?$;P\S0UU3UR42=#!(.+$8JV;& MC6\FWNPV$],]W5&X2!,D5B1@?4;#/Q,^<*@@ M2%,!/!,ZA260VPYDRZSK9PS#BN`I,`5`0H7M:#?G*S#7>!:3Q1]UB*G:C!LT M509'0EJK=]"(LE6>]1\O]U" MOC0"/E#G!$>Z(A8ZZ4`4E0(/I5"UQN?*]Y1$T822I7+Y1E0*/*!"U1I/PIFA M=-GT/0KY*T4LM._Y:QQB'OK%++97#7W#FN"!-X:@\5R=*\\?H+MXNZ^OP%Y2 M$#S4,@4;3]I)ESZ?'R32`ZPN#QYGC;J-Y^WPS4I^('2_:*C`6E$8/-`J11M/ MN;E%L69S_+`$>#Q+*C6>0G.#HFC;:R^.*;Y+XC33CZA&-@:?F&*`: M3]39"I9M113%$V_2ZP=-C;;`3KZHG6UD,:X<>#9GAC'B_$T2OO`AG:40*K/5U MP&-NH';SV3L'0@QPD/"=[VKH"VNYAK]8=5W2#L#\C[X7K:X#\L7RW7U5>P6> MT5&2MTO=Z%(W`.Q(=ZD;8*CH4C>ZU`WP7'5WNX"GJ+O;I;O;I4O=.&WJQM>[ M.V!Q\6N[8:G?BG4'Q))*C2=MC,(%Y2\[#E#VYR@L7\2C0+A2=?#P5P.C\6FR M+,[AS3V5F)%6=I`7.1#-OV+>W5]TR(^E^XN:NPA&18:D)'S092IV-[^T1@BX MFU]NA_-^;_9A,AU_'@V&@ZO?/LV&@]'M>#*<]N:CV_>]_GST>30?#6BS(5GP6"O4U.61R+<3M[_A_[MC#AK[R?\'4$L#!!0````(``9Z MKT)9+U<'U!@``%-/`0`1`!P`8VAL;RTR,#$R,3(S,2YXDU'\ MWI-1=7@+``$$)0X```0Y`0``[5WMK%MO8<3;)Q?L4 M!IRP1\`'.-G]M"4S`O1DF&'GQ;'OK[^69@8&F-%(\R;OU51M;3!(/W5+K5:K MU6I]_.?3VD2/Q'&I;5V?M$_/3Q"QYK9!K>7U"77MUKMW5^];[9-__OKO__;Q M/UHM=.?8AC\G!GIX1OW>I\[$]:E'D&LOO!_8(3^CCO&(+5:@:Z\WOD<<-+`L M^Q%[T(+[,_PQ/_T9?ML\.W2Y\M#K[D_HXOS\7>OBO'UQBG[\^'%*C"5V..SI MW%ZC5HNU[G;L4*()V6+V+]@6KA3W/H0]`^ZWMK'MD M@7W3NS[QK;]\;-(%)09TDDG6Q/+V"L1^]K"S)-X(KXF[P7.BU#JG>:_&C\M3 MVUE"D?/VV>]?AE/>%1%S3R:UOB<5;[]___Z,_QH5/2K)^RZ$OCQC/S]@EVR1 MX5/L#$Q:^.@M^C(KZ;FN)\69;=H'=!UXV_"%A$"U_G4R+ MX3EGWO.&G$$)XM#YMH)M2=2QK594#\3L'Q\Q"*O'A97]"7]O-M1:V/R/?WQD M7?0AZJ<)62#>OQ\8U/4KEZXW)GD5?K=RR.+ZU7QEVJUH;/_<..04B(N*.+8) MU5+[E_U\!E5<$#1.T7#7<`2!G?D1RM'X`XB](8Y'B;L=Y%=GY;!DD(4J2U"% M6O2E,F3B!U6&H`HQ7R(O'\ MV:/NW+1=WR$CVR,7-]BE[GAQ%YLO' M+'%WMDGG0"9;JARR(I9+'PFL4/::1#^]0M2X?E5C>T$_A1VUFRJ_GL,0G9^C M%MK1`7\P4M`%?.#D('N!X@0A;!DH)(G]%B,*[:A"4=L?T!YA**`,O8Y^_^GC MV2%5<6)]EQACZU?^^5!MA37#(FFU]C6#7)T#@4VH%'X5"5W%@OAVZMGS[RO; M-,"JZO\%9LPS6[`-WR3C!?3OVK9XB3O?F:]@9GS#CL.%Q*./4+9'/$S-5+$K M"5T@9&\ODX7L+7R(-_Z?>&.[_X4"&CZ@B`HF9@$=R&6ET2:D!/T(2$$XI`6] M#JEIQ$I"K-X%DW&&GXB[&W&P/8GC$`.^[K@N\5Q004.*'ZA)F?J=X09J%GV&PH:YMHKUC1Z'33>R(N$O+R'K0D!=3^& ME3C8>Z6)04))P>BVWR2/[GOX$`*A'5(S4MDCU3YG^I)Z;#_))EO7YJLR;,-I M?%Y^`4;7_CI65CR[B\**9O@OR3+09E_'D/@$WFMW?\Z';:-YK$HSQQ4DYV)" M8`ON<5=$^-&81E^,%[MYR,?_R.;,L#7*@A=(TB_O4B2)F;2QUC]$?X`Y&WW' M)&A'0BAK2>9K8V8HB%1[ZC^XY"\?V.\_LAF9)22I%43#_C9EV-O,R-SBH0"P M&<&\AB*;#[;%^G"\&-JN>T,6L$1O"\"T'=D64]"`!?0L!Y9'H..\C#$OLPG1 M3B1%.1P;DCLBF%*`TBYZX'0@&I3SP*AD"H*Y^^8[8N#G@)I&Q,H0L=F*W#GV M(V6'"6`+QDKE%*AL0)'XO,\G/MZ*H$W4*@(IB@D1:911K19*AHE;#KI`AJY2 M/&ZEVB>-Q5N/ES<\F71O'7O=]5T/.M_)TDS5-2B2NA3SJ#P_;T098J2A+6V- MB?D4 M=XX0Z2H9&J.6MD5FST6R'%W!A[`=%#7$]09O"H5MQ?VM^\X:'-8E\;HVKSL/ MZYIQ7VVC26H[O`1-#EL:7FN\Z#K$H-Z$NM^K7-HR&Q4M;RG[NC*/,6/4\1,I M3A]B!#:269MDWF+J?,6F#QKN%AJWYA2;`\OU')_[>BL]8I=M6[0B5RZGC$C$ MJ63%MW2B&*'-Z7M!_Z6\XU(H"TH>RV:DBKL&NMA=W9KVCTP'M"J.R"^=XC*2 MW>ZSMA!OK%EEZMO6!]^X$S(G])'Y4BK=TZ>V)K)X4@[-2]S0AV2A'5V-"-8F M@JSN'$KWJ.F#4F#G('?$F:ZP4VT6G$!>*R01,1H1$(DX ME8UUHR2DEWROOIOB,1?"X2\9.C`'DDB_I:R;E_`A<"_$\/;="L'/SN[G1FU5 M>Q0G'Q.HA"<*%TJ)*"UZ$->>CU]4K>GJBI>1)#.575:RK>60/A(CN$54Z9*B M2()H>:G<19ALB0>7K(#>ELD(CJY>-_,Y]%K/#7:SR%VPG`'K4`M;/)2H/3Y[QG"I9LLD:BF MW#>N[Q1C7_ZWC*"(DZ!4,P]J3*,@EN9RP$4RF>(1K2")0B-3Q;S@,0V4\&N& MA58`4621B[51'TR+=E>*'KSN`O%%L]1B- MR?=S*W6;9#0I$LYVU<;>Z."*\&![1;AQB93E@<_E7A>&YZ;L`;)]Y\U8J@69 MR`2."$=*,ABD&9?23KF^8H?:/NAJ4'MDRO+1EI,Z*!U7%`R4EO%%\90K;!P^ MLM813[/;&`V%'(_2CD7A@5C*^"8Z#IMAJMBVX[X&`"`\_0&8W=5'660T*3H" MJ_S:.Z<-<>)0G+K&MBLA%^7VRVV@J$+6%QD84>Q$BL=$G'-RL$L.M(LS;;PD M=2FG2M2/<&VJ^+Y#(S$Z,KA4*D[B%D6+6>6G4JDY7)JUK(S0C;RQ&3+^_139 M$`=?-"M3Q6<]XDUQ?D"1.S-E12IZTM-L@XLK`.69+W1[I63E$4_Y9OPDG&#; MA?S&ATK$Y8=?SA);]'\YE:E>KLR*(E,R+1\$3P>Q7<0CY."<+(;=C&SM60&J MM1/3FQ,9B2E:H>*\`(V!6)<4WKM@&O2AO35H^&IW*BE-B=:DE""E\J0/:&+E MME0UHE=1#$KQ4!*AH*1XU]0C0II13QSU\/I0]"_;0\!4\IX'UL)VUH=6C$QI MD>D2A%#$KBQ%'_E&@T.A&%8S9GE>VXD[M+==>?,\(4L)YT)>.)&'/,742'ZW M9W^727=-LF=?G:#1QA]1.-W9#3:9"V^Z(B0KTE2ZOD@&)%,,Q]*;A2T@WD0S MXI6_V);KR$P24R09*6%U);S9UHB,]JP*.TDY*--_FJ^PM203F.M5)LTKB32! M`%^EA)75DYUA?UH"$DH;HH8$T])^C!HMDXX^M1@!/R M2"R?3,C<7@8=4:G#1="]OYD.>H/.9-"?=L>CZ7@XZ'5F_=YT!O__TA_-QK?3V;C[WY_' MPUY_,NW_S_U@]D>O?SOH#F90O3O^`)`7;9C%N(TX8BXA"G[F<$:*<(FD!Q$E&<1A0C$L6IC"X[7D^/!\L)FX-7J[62[[V/>.;<''.:G^;47)ID6;\LJ/ZP(:]W[;H[)Q MB=SNJ68*^FWL)IUKLKH2+&= MFA--M"=.N5[`U,P17HO9=U3]05Z=N,)K.DH:SJ^ M'=_U)YW9`'Y-CO2X'W7N>P.H5,81EU)[HJ.ORPJ.OJ;L[&M''DJ/)-G2V`AD M93JLE,=,TD!%UGN*]5:&%FNL_+K>J\3NBIV2PC]LD_6(S@]%X743X>WN%&TF M?*ND&;+RTF3*O\@N@2+:[J5$0N9)DMEL[W*)P>Z!^_%B:+ON#5G8#MD6`.6> M_#2"O(@4;$$D/BG')\J@2V0+59P)ML0WXQHCJ51/VDUGV!EU^]//_?YL6H:K+`50Y`N[*,\7 M%K:.@N;_?SJZ/I[AS8:=L[&_X`_+L@-B^=\4UAK'0R[,IC4>VG/^R_5)3):> M'ASSU':6(#[GEV?LKQ:U7(]M55KLJU;[HG79/GURC1-DX37A8=`"A*CRR9DJ M`8;GG'G`UIGEKXE#YZSY]ZSY]ENIY@_K%Z'`MD9%B8#5.SN\+9"`1)"@R@F2)L4E M\].E_7AF$!I0`1\D&D^LN]\X,0,]8E'39&;3]8GG^.0$L:KTPP;&QS;89+H^ M,?S@#/L$>?SOH(3K.#Z9.X0P$XB/M`JWO[0K,&,]L#D."8^C$M@.T#\S!J,R$_X MH4P&#/*03'^R;*4S<(.-'GGP(F]0_'0@8D58Y._`5`HC+Y1XV,0Y!+ND1X)_ M!U;HT#MR/H:9_8*4/Q&3N:O7,[]4>Z,+>U+"SXI2[MI$?$L4?)'#/2$;_!R$ M]B<SU:VV8K<<3!0C3OM&!M`R=(O54[78,"O0+'` MKC'PPW0\6-$??(^U/[.[;"LU#+=2G&XH);E.YP77LR;.8%]@[E'D1B3QW?2> M2URR!Q0Q*S99HNLRDJ9)-(7W*]5K-18_`E,S+4MLK_Z..GIJ+P?S`HSZ&4H, MR<[!5`9._8S)9U;.P6T>\/J[(.&<,0>O0I3ZF4H-4\K!F@16_0S&#XMR\)1< MO7XVCF\!Y&!&!%(_2\*4$3FXD\33P&A["CR0OWQHL/_(J.[FPVCOW$GVR`A]EA2JFL?8Q&Q&-GBQ);U*.AB56M=\[<8NI\Q:;/LGO!W@I4$C8'T`.. MO\ZA#Z31ZF7R?N])%D6>TBK7/$ZIZ=DBBMJR8R2#5"]SR1'`JHQEHM3+U/%+ M5(J")P(HR;WAD2?OQ@2S/T&OJ5REDW7BJ(+6/&*2U*F.HS)LO6PG[N@M8VA; MRR$LLT;XE($:TZJ@]0GT\0O"JM*;B*!'5/=(R2F7*1CU,L2=#S?8)09S=<-\ MR'.:G052+TN"T#E%OJ20JI]!L&]EN5R":N-%EYO0$^I^5YI%F2@UVQYIY"B. MD01.O8P=I\57-:B$"'6(V]&9EZ*@I=:O6\2.#^]4A4N`4/U()$>J*PV&&*)N M/U$2+`=)8K6<[RB%@Z&9(G-'MG8KK1/>+^*%JJC)^O"S:]L MN.IAK3I%/FE+JRSVR2!:AH`9%;"=<%292:BG282X`+L#ZV[2O<'6=UDEE%2Q M3D&2#BI0EBX%9$VG):'6#$.BI4]*CJII(G^_?^4=N?NUZA0V=O1L6]PS!%?S[BV#..8S&$8A M%2[T-(4AE[7D9='J'+9\`?,XJM?U%K2@'<(=N8U1Q3 MY6"Z(U5T12V4(]NMI9."&6D.J)#U1#8U$ES.OLW`T M,CA=^=:-_%C78^>$U7 MH%2(O)]*#[T:Z-^`][M)MP+F.>K?@/L*6*][LK.[B5$.KEO;B9VAY)C:(C`] MUS93R)&>LH+Z+XHA^7DH`GA1+!7CI]Y-V7'N/.4]61*$MDO[!Y3<$(LLJ-?Q M;HE!'&RR1$.^9SO/[(WA\>+RC>H)K0JRGD[@N91B\C0BWG@1$AD2+1W*)8&D MA\G[*5`TX>3UG^;$9?=;)]V#,;BXD@TOET73P^PNB43T+XOO#^+J3-/^P?,O MR1Z[R$#I83-A=LG>2T^JJ>M6C1=>H+.6S'H:C8==[#C/8$/]P(XAOW[+`+U, M%N57="DD32F%`C5W2&&ICD"KX$%B5P]#`(`E0">YDH>IC+O0CD M5?GEV9S'#Y/EL#J30#3-(VRR("0>J2NO_8YJZ0F^XI=`Y*F.E=??V3PA38[N M#NMI['`5RO=J:*19VG;9%:]3K7RA%EW[Z]@]?V6ED@2AQQ@^IF0B'QV65KG. MT?B*`<>'G=2"SLF4I?%4'XY$#$W>U0ZPCDW6C[]3(-.Z<:"%5?"Y2[WG6_]? M%%M\&R*_$JN":N<].)C#UA+^"XB-?\-(_HV=;+M^[H[(T8+V7@G/D0-RPS^Z M\E%=,D"5QG(%45<#U_6),;._$:H0SI!25X]MT+6M1^)X%)H"\5A3U[6=9Y92 MY!OU5I^Q9<.OGVW3D#_354)\&0>^L/K2I44,?J>T-QC,["]X:6'.8LZC7C%D M'3=5@JQ]-T'G35>$R%_<2*JJQXHZ2B8`V\J(OMP)"?8PM/!U>(U$G2LA@AX# M+"U?[T'"`-7A4T75,J!!GL]X8F)%-D4`^CC*STHA'LJ,?.=S/XS`GSG8(#G5 M1S*$IIDF>V%"G5=57)VI>HNRFXFBD;F"7+T@=H[SMZE+92J`=I:""1*_Z,Z< MW?DYS,+[&Z3&SC4+E;$UG>0E!G(IPHM$ MBKRE5=84+,4T\S8D(1]'&1@:P]B9GW&G=A79$@%HXBE,+:QJ61W6TC4BQ'5# M6O8?O)FM2"DF9)$&](YHYC-`6^L_W]CGP=?4(^DYC1DCGS"U%+M`!?`EO#>5 M8X87W!H+C6BPH#=A@LICPOO8L6`ZN6$:2Y[)SSG>'0.I\B:&N2+X?OPI*XPU^F`VDXC MXBOW?SQ_VTWQN,QG?]26#KX/9 MH#]5M4]R`&OJ@_[M;;\[&]_V?^]^[HP^,0+[XQ&C7G6%D`#2-\Z#47?2[TS[ M@SRL">K7&31X8/+UG^8LFP)A%["4@P>%6#4G5IQC0<7:.70E#ND""K0N]A.S#^;F.`--(Y.'6>&*L)B.5?^;!7ER#^5XV*!8,_JZ M)3UO2X%.D`'5)>K'B2AR2[H(2MM,#I.+,[D+7J>RC#(6+&E-Z?)VUP,B* MP'2Q>'PK+3>#(BA=["5<5LO-GQ"K[E23F&T6NA`BE7,DSR)RNL7GL3KGC-?N6,?ER MF%G1S^L&R8:MGH/(+H+\DM=>?8_(-@9V;WH-EB3*F"5GIY,DI1/_8] M5DOA;F%BS4IIY1$_Q=QS8@A&_<J]" MBY$$->3;``#E;Q,`$0`8```````!````I($`````8VAL;RTR,#$R,3(S,2YX M;6Q55`4``_S>DU%U>`L``00E#@``!#D!``!02P$"'@,4````"``&>J]"2M0J M;_`(``#"H```%0`8```````!````I($OW```8VAL;RTR,#$R,3(S,5]C86PN M>&UL550%``/\WI-1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`!GJO0A8D MDDQR(0``#X`"`!4`&````````0```*2!;N4``&-H;&\M,C`Q,C$R,S%?9&5F M+GAM;%54!0`#_-Z3475X"P`!!"4.```$.0$``%!+`0(>`Q0````(``9ZKT)P MH02N[CT``+L*`P`5`!@```````$```"D@2\'`0!C:&QO+3(P,3(Q,C,Q7VQA M8BYX;6Q55`4``_S>DU%U>`L``00E#@``!#D!``!02P$"'@,4````"``&>J]" M8FAS]$$I``"(%P,`%0`8```````!````I(%L10$`8VAL;RTR,#$R,3(S,5]P M&UL550%``/\WI-1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`!GJO M0EDO5P?4&```4T\!`!$`&````````0```*2!_&X!`&-H;&\M,C`Q,C$R,S$N M>'-D550%``/\WI-1=7@+``$$)0X```0Y`0``4$L%!@`````&``8`&@(``!N( $`0`````` ` end XML 99 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 42 234 1 false 9 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_CHINALOGISTICSGROUPINCANDSUBSIDIARIESCONSOLIDATEDBALANCESHEETSUNAUDITED CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) false false R3.htm 000030 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_CHINALOGISTICSGROUPINCANDSUBSIDIARIESCONSOLIDATEDSTATEMENTSOFOPERATIONSANDCOMPREHENSIVEINCOMEUNAUDITED CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) false false R4.htm 000040 - Statement - CHINA LOGISTIC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTOF STOCKHOLDERS' EQUITY (DEFICIT)AND COMPREHENSIVE INCOME (LOSS) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_CHINALOGISTICGROUPINCANDSUBSIDIARIESCONSOLIDATEDSTATEMENTOFSTOCKHOLDERSEQUITYDEFICITANDCOMPREHENSIVEINCOMELOSS CHINA LOGISTIC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTOF STOCKHOLDERS' EQUITY (DEFICIT)AND COMPREHENSIVE INCOME (LOSS) false false R5.htm 000050 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_CHINALOGISTICSGROUPINCANDSUBSIDIARIESCONSOLIDATEDSTATEMENTOFCASHFLOWSUnaudited CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) false false R6.htm 000060 - Disclosure - Note 1 - Summary of Business and Organization Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote1SummaryOfBusinessAndOrganization Note 1 - Summary of Business and Organization false false R7.htm 000070 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies false false R8.htm 000080 - Disclosure - Note 3 - Other Receivables Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote3OtherReceivables Note 3 - Other Receivables false false R9.htm 000090 - Disclosure - Note 4 - Property and Equipment Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote4PropertyAndEquipment Note 4 - Property and Equipment false false R10.htm 000100 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote5AccruedExpensesAndOtherCurrentLiabilities Note 5 - Accrued Expenses and Other Current Liabilities false false R11.htm 000110 - Disclosure - Note 6 - Stockholders' Equity Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote6StockholdersEquity Note 6 - Stockholders' Equity false false R12.htm 000120 - Disclosure - Note 7 - Related Party Transactions Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactions Note 7 - Related Party Transactions false false R13.htm 000130 - Disclosure - Note 8 - Income Taxes Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxes Note 8 - Income Taxes false false R14.htm 000140 - Disclosure - Note 9 - Foreign Operations Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote9ForeignOperations Note 9 - Foreign Operations false false R15.htm 000150 - Disclosure - Note 10 - Commitments and Contingencies Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingencies Note 10 - Commitments and Contingencies false false R16.htm 000160 - Disclosure - Note 11 - Subsequent Events Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote11SubsequentEvents Note 11 - Subsequent Events false false R17.htm 000170 - Disclosure - Note 12 - Restatement Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12Restatement Note 12 - Restatement false false R18.htm 000180 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) false false R19.htm 000190 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesUseOfEstimatesPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates (Policies) false false R20.htm 000200 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesForeignCurrencyTranslationPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies) false false R21.htm 000210 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesCashAndCashEquivalentsPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) false false R22.htm 000220 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAccountsReceivablePolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Policies) false false R23.htm 000230 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAdvancesToVendorsAndOtherPrepaidExpensesPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Policies) false false R24.htm 000240 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Property and Equipment and Long-lived Assets (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPropertyAndEquipmentAndLongLivedAssetsPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Property and Equipment and Long-lived Assets (Policies) false false R25.htm 000250 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAdvancesFromCustomersPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Policies) false false R26.htm 000260 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Stock Based Compensation (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesStockBasedCompensationPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Stock Based Compensation (Policies) false false R27.htm 000270 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesBasicAndDilutedLossPerSharePolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share (Policies) false false R28.htm 000280 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesConcentrationOfCreditRiskPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Policies) false false R29.htm 000290 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Revenue Recognition (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRevenueRecognitionPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Revenue Recognition (Policies) false false R30.htm 000300 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Comprehensive Income (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesComprehensiveIncomePolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Comprehensive Income (Policies) false false R31.htm 000310 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Non-controlling Interest (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesNonControllingInterestPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Non-controlling Interest (Policies) false false R32.htm 000320 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Income Taxes (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesIncomeTaxesPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Income Taxes (Policies) false false R33.htm 000330 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsPolicies Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) false false R34.htm 000340 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesForeignCurrencyTranslationScheduleOfForeignCurrencyExchangeRateTables Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Tables) false false R35.htm 000350 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesBasicAndDilutedLossPerShareScheduleOfPotentialDilutiveSharesTables Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Tables) false false R36.htm 000360 - Disclosure - Note 3 - Other Receivables: Schedule of Other receivables (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote3OtherReceivablesScheduleOfOtherReceivablesTables Note 3 - Other Receivables: Schedule of Other receivables (Tables) false false R37.htm 000370 - Disclosure - Note 4 - Property and Equipment: Schedule of Property and equipment (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote4PropertyAndEquipmentScheduleOfPropertyAndEquipmentTables Note 4 - Property and Equipment: Schedule of Property and equipment (Tables) false false R38.htm 000380 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote5AccruedExpensesAndOtherCurrentLiabilitiesScheduleOfAccruedExpensesAndOtherCurrentLiabilitiesTables Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Tables) false false R39.htm 000390 - Disclosure - Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote6StockholdersEquityScheduleOfCommonStockPurchaseWarrantActivityTables Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Tables) false false R40.htm 000400 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due from related parties (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactionsScheduleOfDueFromRelatedPartiesTables Note 7 - Related Party Transactions: Schedule of Due from related parties (Tables) false false R41.htm 000410 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due to related parties (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactionsScheduleOfDueToRelatedPartiesTables Note 7 - Related Party Transactions: Schedule of Due to related parties (Tables) false false R42.htm 000420 - Disclosure - Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesComponentsOfLossBeforeIncomeTaxAndNonControllingInterestTables Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Tables) false false R43.htm 000430 - Disclosure - Note 8 - Income Taxes: Components of the provision for income taxes (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesComponentsOfTheProvisionForIncomeTaxesTables Note 8 - Income Taxes: Components of the provision for income taxes (Tables) false false R44.htm 000440 - Disclosure - Note 8 - Income Taxes: Schedule of Income tax provision (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesScheduleOfIncomeTaxProvisionTables Note 8 - Income Taxes: Schedule of Income tax provision (Tables) false false R45.htm 000450 - Disclosure - Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesTables Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) false false R46.htm 000460 - Disclosure - Note 9 - Foreign Operations: Schedule of information by regions (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote9ForeignOperationsScheduleOfInformationByRegionsTables Note 9 - Foreign Operations: Schedule of information by regions (Tables) false false R47.htm 000470 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingenciesScheduleOfMinimumCommitmentsTables Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Tables) false false R48.htm 000480 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingenciesScheduleOfVariousOfficeSpacesTables Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Tables) false false R49.htm 000490 - Disclosure - Note 12 - Restatement: Restated Balance Sheet (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedBalanceSheetTables Note 12 - Restatement: Restated Balance Sheet (Tables) false false R50.htm 000500 - Disclosure - Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedStatementOfOperationsAndComprehensiveIncomeTables Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Tables) false false R51.htm 000510 - Disclosure - Note 12 - Restatement: Restated Statement of Cash Flows (Tables) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedStatementOfCashFlowsTables Note 12 - Restatement: Restated Statement of Cash Flows (Tables) false false R52.htm 000520 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Details) false false R53.htm 000530 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesForeignCurrencyTranslationScheduleOfForeignCurrencyExchangeRateDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation: Schedule of Foreign Currency Exchange Rate (Details) false false R54.htm 000540 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAccountsReceivableDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Accounts Receivable (Details) false false R55.htm 000550 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAdvancesToVendorsAndOtherPrepaidExpensesDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances To Vendors and Other Prepaid Expenses (Details) false false R56.htm 000560 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAdvancesFromCustomersDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Advances From Customers (Details) false false R57.htm 000570 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesBasicAndDilutedLossPerShareScheduleOfPotentialDilutiveSharesDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share: Schedule of Potential Dilutive Shares (Details) false false R58.htm 000580 - Disclosure - Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote2BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesConcentrationOfCreditRiskDetails Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Concentration of Credit Risk (Details) false false R59.htm 000590 - Disclosure - Note 3 - Other Receivables: Schedule of Other receivables (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote3OtherReceivablesScheduleOfOtherReceivablesDetails Note 3 - Other Receivables: Schedule of Other receivables (Details) false false R60.htm 000600 - Disclosure - Note 4 - Property and Equipment: Schedule of Property and equipment (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote4PropertyAndEquipmentScheduleOfPropertyAndEquipmentDetails Note 4 - Property and Equipment: Schedule of Property and equipment (Details) false false R61.htm 000610 - Disclosure - Note 4 - Property and Equipment (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote4PropertyAndEquipmentDetails Note 4 - Property and Equipment (Details) false false R62.htm 000620 - Disclosure - Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote5AccruedExpensesAndOtherCurrentLiabilitiesScheduleOfAccruedExpensesAndOtherCurrentLiabilitiesDetails Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Details) false false R63.htm 000630 - Disclosure - Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote6StockholdersEquityScheduleOfCommonStockPurchaseWarrantActivityDetails Note 6 - Stockholders' Equity: Schedule of Common stock purchase warrant activity (Details) false false R64.htm 000640 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due from related parties (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactionsScheduleOfDueFromRelatedPartiesDetails Note 7 - Related Party Transactions: Schedule of Due from related parties (Details) false false R65.htm 000650 - Disclosure - Note 7 - Related Party Transactions (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactionsDetails Note 7 - Related Party Transactions (Details) false false R66.htm 000660 - Disclosure - Note 7 - Related Party Transactions: Schedule of Due to related parties (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote7RelatedPartyTransactionsScheduleOfDueToRelatedPartiesDetails Note 7 - Related Party Transactions: Schedule of Due to related parties (Details) false false R67.htm 000670 - Disclosure - Note 8 - Income Taxes (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesDetails Note 8 - Income Taxes (Details) false false R68.htm 000680 - Disclosure - Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesComponentsOfLossBeforeIncomeTaxAndNonControllingInterestDetails Note 8 - Income Taxes: Components of loss before income tax and non-controlling interest (Details) false false R69.htm 000690 - Disclosure - Note 8 - Income Taxes: Components of the provision for income taxes (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesComponentsOfTheProvisionForIncomeTaxesDetails Note 8 - Income Taxes: Components of the provision for income taxes (Details) false false R70.htm 000700 - Disclosure - Note 8 - Income Taxes: Schedule of Income tax provision (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesScheduleOfIncomeTaxProvisionDetails Note 8 - Income Taxes: Schedule of Income tax provision (Details) false false R71.htm 000710 - Disclosure - Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote8IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails Note 8 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) false false R72.htm 000720 - Disclosure - Note 9 - Foreign Operations: Schedule of information by regions (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote9ForeignOperationsScheduleOfInformationByRegionsDetails Note 9 - Foreign Operations: Schedule of information by regions (Details) false false R73.htm 000730 - Disclosure - Note 10 - Commitments and Contingencies (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingenciesDetails Note 10 - Commitments and Contingencies (Details) false false R74.htm 000740 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingenciesScheduleOfMinimumCommitmentsDetails Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Details) false false R75.htm 000750 - Disclosure - Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote10CommitmentsAndContingenciesScheduleOfVariousOfficeSpacesDetails Note 10 - Commitments and Contingencies: Schedule of Various office spaces (Details) false false R76.htm 000760 - Disclosure - Note 11 - Subsequent Events (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote11SubsequentEventsDetails Note 11 - Subsequent Events (Details) false false R77.htm 000770 - Disclosure - Note 12 - Restatement: Restated Balance Sheet (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedBalanceSheetDetails Note 12 - Restatement: Restated Balance Sheet (Details) false false R78.htm 000780 - Disclosure - Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedStatementOfOperationsAndComprehensiveIncomeDetails Note 12 - Restatement: Restated Statement of Operations and Comprehensive Income (Details) false false R79.htm 000790 - Disclosure - Note 12 - Restatement: Restated Statement of Cash Flows (Details) Sheet http://www.chinalogisticsinc.com/20121231/role/idr_DisclosureNote12RestatementRestatedStatementOfCashFlowsDetails Note 12 - Restatement: Restated Statement of Cash Flows (Details) false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 000030 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) Process Flow-Through: 000050 - Statement - CHINA LOGISTICS GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) chlo-20121231.xml chlo-20121231.xsd chlo-20121231_cal.xml chlo-20121231_def.xml chlo-20121231_lab.xml chlo-20121231_pre.xml true true XML 100 R74.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Commitments and Contingencies: Schedule of Minimum commitments (Details) (USD $)
 12 Months Ended
Dec. 31, 2013
Minimum commitments - Rent $ 66,122

XML 101 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Accrued Expenses and Other Current Liabilities: Schedule of accrued expenses and other current liabilities (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of accrued expenses and other current liabilities:  
Schedule of accrued expenses and other current liabilities

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Advances payables

 

   $      273,994

 

 

   $      494,905

 

Accrued expenses

 

              97,276

 

 

              84,101

 

Accrued salaries

 

              51,971

 

 

              51,347

 

 Accrued expenses and other current liabilities

 

   $      423,241

 

 

   $      630,353

 

XML 102 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)
 12 Months Ended
Dec. 31, 2012
Foreign Currency Translation:  
Foreign Currency Translation

Foreign Currency Translation

 

The accompanying consolidated financial statements are presented in United States dollars. The functional currency of Shandong Jiajia is the Renminbi (“RMB”), the official currency of the PRC.  In accordance with ASC 830-20-35, assets and liabilities are translated from the local currency into the reporting currency, U.S. dollars, at the exchange rate prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the period to approximate translation at the exchange rates prevailing at the dates those elements are recognized in the consolidated financial statements. Gains and losses resulting from the translation of local currency financial statements into U.S. dollars are reflected in other comprehensive income in the consolidated statements of operations and comprehensive income (loss).

 

RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place through PRC authorized institutions.  Translation of amounts from RMB into United States dollars (“US$”) has been made at the following exchange rates for the respective periods:

 

 

 

December 31, 2012

 

 

December 31, 2011

 

Period end RMB: U.S. dollar exchange rate

 

              6.3011

 

 

              6.3523

 

Average fiscal-year-to-date RMB: U.S. dollar exchange rate

 

              6.3034

 

 

              6.4544

 

 

Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

 

Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.