-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LET2BdQNVBCJRjAg+lvHPjBi+NyojQLtlNr0zjn2QmuBENeJFtgEZKV65yBd8vZV
 52dM0tsYBS83vyAZIsxYOw==

<SEC-DOCUMENT>0000000000-09-035254.txt : 20090925
<SEC-HEADER>0000000000-09-035254.hdr.sgml : 20090925
<ACCEPTANCE-DATETIME>20090702130057
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-09-035254
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090702

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AFFIRMATIVE INSURANCE HOLDINGS INC
		CENTRAL INDEX KEY:			0001282543
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				752770432
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		4450 SOJOURN DRIVE
		STREET 2:		SUITE 500
		CITY:			ADDISON
		STATE:			TX
		ZIP:			75001
		BUSINESS PHONE:		972-728-6300

	MAIL ADDRESS:	
		STREET 1:		4450 SOJOURN DRIVE
		STREET 2:		SUITE 500
		CITY:			ADDISON
		STATE:			TX
		ZIP:			75001
PUBLIC REFERENCE ACCESSION NUMBER:		0001193125-08-058007
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9"`Q+TP@,3,X
M,3$O3R`Q,2]%(#<W,#@O3B`R+U0@,3,U.#4O2"!;(#8S-B`R,#%=/CX-96YD
M;V)J#2`@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HY(#$W#0HP,#`P,#`P
M,#$V(#`P,#`P(&X-"C`P,#`P,#`X,S<@,#`P,#`@;@T*,#`P,#`P,#DQ-2`P
M,#`P,"!N#0HP,#`P,#`Q,#0T(#`P,#`P(&X-"C`P,#`P,#$Q.#@@,#`P,#`@
M;@T*,#`P,#`P,3,U."`P,#`P,"!N#0HP,#`P,#`Q.#@R(#`P,#`P(&X-"C`P
M,#`P,#$Y,3<@,#`P,#`@;@T*,#`P,#`P,C$V,"`P,#`P,"!N#0HP,#`P,#`R
M,C,W(#`P,#`P(&X-"C`P,#`P,#,W,34@,#`P,#`@;@T*,#`P,#`P-#$S-"`P
M,#`P,"!N#0HP,#`P,#`T,S@S(#`P,#`P(&X-"C`P,#`P,#0U,S(@,#`P,#`@
M;@T*,#`P,#`P-#<U-"`P,#`P,"!N#0HP,#`P,#`W-#0W(#`P,#`P(&X-"C`P
M,#`P,#`V,S8@,#`P,#`@;@T*=')A:6QE<@T*/#PO4VEZ92`R-B]0<F5V(#$S
M-3<U+U)O;W0@,3`@,"!2+TEN9F\@."`P(%(O241;/#A&0C@R,#$P0D8R1$1%
M1#$P.$9%,S0T0C@W.$,Q0T0S/CQ%,3-$,$)",T0Y0D8S1C0U0C0X-3E%13E&
M,C@T0C,Y.3Y=/CX-"G-T87)T>')E9@T*,`T*)25%3T8-"B`@("`@("`@("`@
M("`@(`T*,C4@,"!O8FH-/#PO3&5N9W1H(#$Q-"]&:6QT97(O1FQA=&5$96-O
M9&4O22`Q,CDO3"`Q,3,O4R`V-CX^<W1R96%M#0IXVF)@8&!F8&`ZQ<#"P,"N
MP\#+@`"\0#$0Y-@PZP4#PTJPF*O9KAD'&!@8A2T8&`33&D`22(`/BAD8E!EX
M6!_D<A2^9&"XP+1TL03#-7:%W<L4'H$E@5:IU`-I)B"V`F(.!@;C8"#-",2O
M`0(,`$O*%%`-"F5N9'-T<F5A;0UE;F1O8FH-,3`@,"!O8FH-/#PO365T861A
M=&$@-R`P(%(O4&%G97,@-B`P(%(O5'EP92]#871A;&]G+U!A9V5,86)E;',@
M-"`P(%(^/@UE;F1O8FH-,3$@,"!O8FH-/#PO0W)O<$)O>%LP(#`@-C$R(#<Y
M,ETO4&%R96YT(#8@,"!2+T-O;G1E;G1S(#$X(#`@4B]2;W1A=&4@,"]-961I
M84)O>%LP(#`@-C$R(#<Y,ETO4F5S;W5R8V5S(#$R(#`@4B]4>7!E+U!A9V4^
M/@UE;F1O8FH-,3(@,"!O8FH-/#PO0V]L;W)3<&%C93P\+T-S-B`Q-2`P(%(^
M/B]&;VYT/#PO5%0R(#$S(#`@4B]45#0@,30@,"!2+U14-B`Q.2`P(%(O5%0X
M(#(Q(#`@4CX^+U!R;V-3971;+U!$1B]497AT72]%>'1'4W1A=&4\/"]'4S$@
M,3<@,"!2/CX^/@UE;F1O8FH-,3,@,"!O8FH-/#PO4W5B='EP92]4<G5E5'EP
M92]&;VYT1&5S8W)I<'1O<B`R-"`P(%(O3&%S=$-H87(@,S(O5VED=&AS6S(U
M,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3+4)O;&1)=&%L:6--5"]&:7)S
M=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^
M#65N9&]B:@TQ-"`P(&]B:@T\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#$V(#`@4B],87-T0VAA<B`Q-#@O5VED=&AS6S(U,"`P(#`@,"`P
M(#@S,R`P(#`@,S,S(#,S,R`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P
M,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@,C<X(#`@,"`P(#`@,"`P
M(#<R,B`V-C<@-C8W(#<R,B`V,3$@-34V(#<R,B`W,C(@,S,S(#,X.2`P(#`@
M.#@Y(#`@-S(R(#4U-B`P(#8V-R`U-38@-C$Q(#`@-S(R(#DT-"`W,C(@-S(R
M(#`@,"`P(#`@,"`P(#`@-#0T(#4P,"`T-#0@-3`P(#0T-"`S,S,@-3`P(#4P
M,"`R-S@@,C<X(#4P,"`R-S@@-S<X(#4P,"`U,#`@-3`P(#4P,"`S,S,@,S@Y
M(#(W."`U,#`@-3`P(#<R,B`U,#`@-3`P(#0T-"`P(#`@,"`P(#`@,"`P(#`@
M,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,S,S(#0T-"`T-#1=+T)A
M<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T0VAA<B`S,B]%;F-O9&EN
M9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#3$U(#`@;V)J
M#5LO24-#0F%S960@,C,@,"!270UE;F1O8FH-,38@,"!O8FH-/#PO4W1E;58@
M.#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3350O1F]N=%-T<F5T8V@O3F]R
M;6%L+T9O;G1796EG:'0@-#`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT
M0D)O>%LM-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E;G0@.#DQ+T9O;G1&86UI
M;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T
M-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH-
M,3<@,"!O8FH-/#PO3U!-(#$O3U`@9F%L<V4O;W`@9F%L<V4O5'EP92]%>'1'
M4W1A=&4O4T$@9F%L<V4O4TT@,"XP,CX^#65N9&]B:@TQ."`P(&]B:@T\/"],
M96YG=&@@,30P-R]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A;0T*:-Z45FUS
MFT80_JY?L5\R@SH2`00(\LVUDS;)N/74FKZ,IQ_.<(C+X#O-'5C1WVC[@[M[
M!PA+MM,F,S(L>_OZ[+/W]H?;$+9F]OUF]G:SB2"$334+(PCP/_[)`UC'L9^F
ML'F8O;TT*10&_"0(\Q05^@=3R%D`FX)^]C,/YILO9"QVQ@)KR^DL(S_/$]A<
MS2)_G=`1#X9_=`HU0C],K4;@/I-X\]VW'U;IY*P3+6,_CR92/PB"B*PN^R<,
M]E/7'"!:0!0$N3NT"OT@.XUCDAEZI./Y:"BWWZZU#]>BJ!EOX+JX;#K-I^KI
MJ)Y:]?=?>=&UXI'#KZ+@<*.Y$267+3!9PF4M>`4?A&2R$*R!GZL*E?1@[\Z[
M0(%^F&=^[#%KY*,TG49M#C^JIA1R:Q8H*WR8_[GY-,00CS'$-H8X3@*X55]4
MIR5<:;(SE/2V$RV')`@&B3T6DH'^`<]?E*4P2BY@\SNL$Y+:1KQ2.T1%.J""
MM+*A+2?EN?-^X>]@O@RC).B3_2]Y.J/KP>A)OG<8PS+"0+T/2C]`&"P_0Z4T
MM#6'/SC3\%Z6O(0K7O"'>ZSV*K2P6#O;JZ>V3W'T031X]IKIHH9P;0]F/9Z.
M!R<1H#K\I'Q``\LD6.-06"]3[==&BI22$=3K,9BU5;^B;"P@'1#??;,QR]7)
MG)PUY+=YCFCC\Z6?>E`S[(7FCX+O,>L#`@@^=9)C3?M)0CCOE#0<6@7T]9H=
M($SZCPUO6ZPO(=T:H@8,.+WS*M4T:H^MA4(1Q!//_9+KQ).M\0$N*C+@`B#-
MMA8&A,1N.ET$"^%RSZ%_Q[.Q=P#-!,;$$+>D@),UN*5,U]E8E#NOF"]S3\V7
M:S_S'AXXO4GWUB(L`\_,EQE6PG>RT<X+I$5U3,:*)L[%%:^$%!;6-UI]/<!M
MRUI.`:\\8@(EX;:H>=DA5,+X8@&5Q=C%3HL&HM@5TSI^OYDA4:_"Q,=NK4*D
MA0S\U,ZIYK.*R/U(Z7%@OZ_"U,\SHO4S+$2IG\1G;/I2&I?*A;R;4Y.DL;6'
M*V&*SAAZI#Y?8+$/1N"T[M@6TTDF<4?9V@\A6L4^1F?#CI\)>Q79[U&6^T%$
M!/1,X&'N)^%9X*&?3&6AWP]3YH:)%E%PU#Y.V?CAF1%S\S"`$J1"MK1C<`I\
M;!92S/-(A@BA_,0.\BG;:LYA+]K:&9P0VW$Z3Y=/H631=+;:;<W:*<)+;@HM
M=K8IJK*S)I5<5N-R4?=?>$$HQ`DRE,FTV]GH*'-I2V1'8Y@^6.HT-=.\1B;F
MVE#&G:2GECI.CAPT4H)&YC%Y^,OTE>A%(UIVJA&%P`B.-$`V2EX(2HI&?H/V
M=G9,S#`FJ1T3K%G1*(.';>IG?D<G@]3]"N2@*>W\S1]9TZ'E\I^7"T1!,43U
M5N(@[KG8UJB/=QNEN<T?G3OK3_;N&79P@VV)MBK=XP(!GKPA`ZODC<M5<ZPO
M7X#`9NYVR.>3])Z&-_5T@HL[[QC[`O@CER`J2XEKCS/<I!1\-Z@T!V),O+:P
M7H58<^4ATY(;WO#^(-9<2.P-?G`29#%,9AK'V?:PZ_!>R0YKN&>ZM"1NT'E1
M+QS.^S;2M<G4JFM*</<;-<=RDG"'8,!K$&OPPN9`?<]?3_Y5K&O>("QH=R@H
M&B9<*F;NA]Z3]"7R59^X>V\7A,.R*]IOZDW07+0=LW5$0BC0[0*.(@0/UX\4
M"^'K'N=8XHQADM@3M1NKCB6[:;!M=@X>\;8(G7D=9Y9%2LVJ=EI>&EQ;<KN,
M3V8J<9ZFEY'G;PRG%X83IO`^5N0$[GDCN-WQ/7C_#Q_M+0ZP/%UC,??R]1L7
MMG*%PIG//=ZZO8KTY*3]</8<T&LA(V$OSTK*X(DM)#BD$++&^B4&P_+Z5X`!
M`)<?G:\*#0IE;F1S=')E86T-96YD;V)J#3$Y(#`@;V)J#3P\+U-U8G1Y<&4O
M5')U951Y<&4O1F]N=$1E<V-R:7!T;W(@,C`@,"!2+TQA<W1#:&%R(#$Q."]7
M:61T:'-;,C4P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P
M(#4P,"`U,#`@-3`P(#4P,"`P(#4P,"`P(#4P,"`U,#`@-3`P(#,S,R`P(#`@
M,"`P(#`@,"`W,C(@,"`P(#<R,B`V-C<@-C$Q(#`@-S<X(#,X.2`P(#<W."`P
M(#DT-"`W,C(@,"`P(#`@-S(R(#`@,"`P(#`@,"`P(#<R,B`P(#`@,"`P(#`@
M,"`P(#4P,"`U-38@-#0T(#4U-B`T-#0@,S,S(#4P,"`U-38@,C<X(#`@,"`R
M-S@@.#,S(#4U-B`U,#`@,"`P(#0T-"`S.#D@,S,S(#4U-B`U,#!=+T)A<V5&
M;VYT+U1I;65S3F5W4F]M86Y04RU";VQD350O1FER<W1#:&%R(#,R+T5N8V]D
M:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH-,C`@,"!O
M8FH-/#PO4W1E;58@,3,V+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04RU";VQD
M350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-S`P+T9L86=S(#,T
M+T1E<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-34X("TS,#<@,C`P,"`Q,#(V72]!
M<V-E;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG
M:'0@-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI
M8T%N9VQE(#`^/@UE;F1O8FH-,C$@,"!O8FH-/#PO4W5B='EP92]4<G5E5'EP
M92]&;VYT1&5S8W)I<'1O<B`R,B`P(%(O3&%S=$-H87(@,S(O5VED=&AS6S(W
M.%TO0F%S949O;G0O07)I86Q-5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN
M06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TR,B`P(&]B:@T\/"]3
M=&5M5B`X."]&;VYT3F%M92]!<FEA;$U4+T9O;G13=')E=&-H+TYO<FUA;"]&
M;VYT5V5I9VAT(#0P,"]&;&%G<R`S,B]$97-C96YT("TR,3$O1F]N=$)";WA;
M+38V-2`M,S(U(#(P,#`@,3`P-ETO07-C96YT(#DP-2]&;VYT1F%M:6QY*$%R
M:6%L*2]#87!(96EG:'0@-S$X+UA(96EG:'0@-3$U+U1Y<&4O1F]N=$1E<V-R
M:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TR,R`P(&]B:@T\/"],96YG
M=&@@,C4Y."]&:6QT97(O1FQA=&5$96-O9&4O3B`S+T%L=&5R;F%T92]$979I
M8V521T(^/G-T<F5A;0T*:-Z<EG=45-<6A\^]=WJAS3#2&7J3+C"`]"X@'011
M&&8&&,H`PPQ-;(BH0$01$0%%D*"``:.A2*R(8B$HJ&`/2!!08C"*J*AD1M9*
M?'EY[^7E]\>]W]IG[W/WV7N?M2X`)$\?+B\%E@(@F2?@!WHXTU>%1]"Q_0`&
M>(`!I@`P6>FIOD'NP4`D+S<7>KK("?R+W@P!2/R^9>CI3Z>#_T_2K%2^``#(
M7\3F;$XZ2\3Y(D[*%*2*[3,BIL8DBAE&B9DO2E#$<F*.6^2EGWT6V5',[&0>
M6\3BG%/9R6PQ]XAX>X:0(V+$1\0%&5Q.IHAOBU@S29C,%?%;<6PRAYD.`(HD
MM@LXK'@1FXB8Q`\.=!'Q<@!PI+@O..8+%G"R!.)#N:2D9O.Y<?$"NBY+CVYJ
M;<V@>W(RDS@"@:$_DY7(Y+/I+BG)J4Q>-@"+9_XL&7%MZ:(B6YI:6UH:FAF9
M?E&H_[KX-R7N[2*]"OC<,XC6]X?MK_Q2Z@!@S(IJL^L/6\Q^`#JV`B!W_P^;
MYB$`)$5]:[_QQ7EHXGF)%PA2;8R-,S,SC;@<EI&XH+_K?SK\#7WQ/2/Q=K^7
MA^[*B64*DP1T<=U8*4DI0CX]/97)XM`-_SS$_SCPK_-8&LB)Y?`Y/%%$J&C*
MN+PX4;MY;*Z`F\*C<WG_J8G_,.Q/6IQKD2CUGP`UR@A(W:`"Y.<^@*(0`1)Y
M4-SUW_OF@P\%XIL7ICJQ./>?!?W[KG")^)'.C?L<YQ(83&<)^1F+:^)K"="`
M`"0!%<@#%:`!=($A,`-6P!8X`C>P`OB!8!`.U@(6B`?)@`\R02[8#`I`$=@%
M]H)*4`/J02-H`2=`!S@-+H#+X#JX">Z`!V`$C(/G8`:\`?,0!&$A,D2!Y"%5
M2`LR@,P@!F0/N4$^4"`4#D5#<1`/$D*YT!:H""J%*J%:J!'Z%CH%78"N0@/0
M/6@4FH)^A=[#"$R"J;`RK`T;PPS8"?:&@^$U<!R<!N?`^?!.N`*N@X_![?`%
M^#I\!QZ!G\.S"$"("`U10PP1!N*"^"$12"S"1S8@A4@Y4H>T(%U(+W(+&4&F
MD7<H#(J"HJ,,4;8H3U0(BH5*0VU`%:,J44=1[:@>U"W4*&H&]0E-1BNA#=`V
M:"_T*G0<.A-=@"Y'-Z#;T)?0=]#CZ#<8#(:&T<%883PQX9@$S#I,,>8`IA5S
M'C.`&</,8K%8>:P!U@[KAV5B!=@"['[L,>PY["!V'/L61\2IXLQP[K@('`^7
MARO'->'.X@9Q$[AYO!1>"V^#]\.S\=GX$GP]O@M_`S^.GR=($W0(=H1@0@)A
M,Z&"T$*X1'A(>$4D$M6)UL0`(I>XB5A!/$Z\0APEOB/)D/1)+J1(DI"TDW2$
M=)YTC_2*3"9KDQW)$60!>2>YD7R1_)C\5H(B823A)<&6V"A1)=$N,2CQ0A(O
MJ27I)+E6,D>R7/*DY`W):2F\E+:4BQ13:H-4E=0IJ6&I66F*M*FTGW2R=+%T
MD_15Z4D9K(RVC)L,6R9?YK#,19DQ"D+1H+A06)0ME'K*)<HX%4/5H7I1$ZA%
MU&^H_=0961G99;*ALEFR5;)G9$=H"$V;YD5+HI703M"&:.^7*"]Q6L)9LF-)
MRY+!)7-RBG*.<ARY0KE6N3MR[^7I\F[RB?*[Y3OD'RF@%/05`A0R%0XJ7%*8
M5J0JVBJR%`L53RC>5X*5])4"E=8I'5;J4YI55E'V4$Y5WJ]\47E:A:;BJ)*@
M4J9R5F5*E:)JK\I5+5,]I_J,+DMWHB?1*^@]]!DU)35/-:%:K5J_VKRZCGJ(
M>IYZJ_HC#8(&0R-6HTRC6V-&4U735S-7LUGSOA9>BZ$5K[5/JU=K3EM'.TQ[
MFW:']J2.G(Z73HY.L\Y#7;*N@VZ:;IWN;3V,'D,O4>^`WDU]6-]"/UZ_2O^&
M`6Q@:<`U.&`PL!2]U'HI;VG=TF%#DJ&3889AL^&H$<W(QRC/J,/HA;&F<83Q
M;N->XT\F%B9))O4F#TQE3%>8YIEVF?YJIF_&,JLRNVU.-G<WWVC>:?YRF<$R
MSK*#R^Y:4"Q\+;99=%M\M+2RY%NV6$Y9:5I%6U5;#3.H#']&,>.*-=K:V7JC
M]6GK=S:6-@*;$S:_V!K:)MHVV4XNUUG.65Z_?,Q.W8YI5VLW8D^WC[8_9#_B
MH.;`=*AS>.*HX<AV;'"<<-)S2G`ZYO3"V<29[]SF/.=BX[+>Y;PKXNKA6NC:
M[R;C%N)6Z?;87=T]SKW9?<;#PF.=QWE/M*>WYV[/82]E+Y97H]?,"JL5ZU?T
M>).\@[PKO9_XZ/OP?;I\8=\5OGM\'Z[46LE;V>$'_+S\]O@]\M?Q3_/_/@`3
MX!]0%?`TT#0P-[`WB!(4%=04]";8.;@D^$&(;H@PI#M4,C0RM#%T+LPUK#1L
M9)7QJO6KKH<KA'/#.R.P$:$1#1&SJ]U6[UT]'FD161`YM$9G3=::JVL5UB:M
M/1,E&<6,.AF-C@Z+;HK^P/1CUC%G8[QBJF-F6"ZL?:SG;$=V&7N*8\<IY4S$
MVL66QD[&V<7MB9N*=X@OCY_FNG`KN2\3/!-J$N82_1*/)"XDA26U)N.2HY-/
M\61XB;R>%)64K)2!5(/4@M21-)NTO6DS?&]^0SJ4OB:]4T`5_4SU"76%6X6C
M&?8951EO,T,S3V9)9_&R^K+ULW=D3^2XYWR]#K6.M:X[5RUW<^[H>J?UM1N@
M#3$;NC=J;,S?.+[)8]/1S83-B9M_R#/)*\U[O25L2U>^<OZF_+&M'EN;"R0*
M^`7#VVRWU6Q';>=N[]]AOF/_CD^%[,)K129%Y44?BEG%U[XR_:KBJX6=L3O[
M2RQ+#N["[.+M&MKML/MHJ71I3NG8'M\][67TLL*RUWNC]EXM7U9>LX^P3[AO
MI,*GHG._YOY=^S]4QE?>J7*N:JU6JMY1/7>`?6#PH./!EAKEFJ*:]X>XA^[6
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M\9OD-_-SA6_EWQY]QWC7^S[L_<1\Y@?LAXJ/>A^[/GE_>KB0O+#PFP`#`/>$
M\_L*#0IE;F1S=')E86T-96YD;V)J#3(T(#`@;V)J#3P\+U-T96U6(#$Q-BXX
M-C<O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3+4)O;&1)=&%L:6--5"]&;VYT
M4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`W,#`O1FQA9W,@.3@O1&5S8V5N
M="`M,C$V+T9O;G1"0F]X6RTU-#<@+3,P-R`Q,C`V(#$P,S)=+T%S8V5N="`X
M.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V-38O
M6$AE:6=H="`M-3,Q+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG;&4@
M+3$U/CX-96YD;V)J#3$@,"!O8FH-/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO
M4&%R96YT(#8@,"!2+T-O;G1E;G1S(#,@,"!2+U)O=&%T92`P+TUE9&EA0F]X
M6S`@,"`V,3(@-SDR72]297-O=7)C97,@,B`P(%(O5'EP92]086=E/CX-96YD
M;V)J#3(@,"!O8FH-/#PO0V]L;W)3<&%C93P\+T-S-B`Q-2`P(%(^/B]&;VYT
M/#PO5%0T(#$T(#`@4B]45#8@,3D@,"!2+U14."`R,2`P(%(^/B]0<F]C4V5T
M6R]01$8O5&5X=%TO17AT1U-T871E/#PO1U,Q(#$W(#`@4CX^/CX-96YD;V)J
M#3,@,"!O8FH-/#PO3&5N9W1H(#$U,#@O1FEL=&5R+T9L871E1&5C;V1E/CYS
M=')E86T-"FC>E%==CYLX%'W/K[@O*Y%50H$`R3RF,U6[E:JM9B*MJG0?'##!
M+6MGL9DT_1G[B_=>FQ`@Z717(S$$[.MSSSWW@U=OGT+8Z\GKS>359A-#")MB
M$D80X!_^NPM@&<?^,H+-7Y-7]SJ%3-MW`>A,3OP@".Y@DTWF[=UQXGVH??@@
MLI+Q"CYD]U53<YANODP"F(=^F":P>;#[TFY?2ONVWKHH1/W7=.7''C/BF<-O
M4C<UDQF'=ZK*A=SK&3[+?)C^N7D_V?QJS42=F<@>_[ZI3A#-("(\="ZN\SZR
M/8?(_@Q7,$\2?Q$3CH`V!W:??3D/$TAB/UQV*%>=^95=IIO#0=4&P<!)-35D
M2F95HX62/L`G>I)SPT3%<V"252<M-.A2-54.6<59C>!RKK-:[#APEI57U&R]
MO6(5;LZA5$?0#:X1LI@N_)6GIGBQ%*5$D9*`UBOQE:-5HR!CC>:(R"TXT&)N
MA*6R9.TV1/D1<>`Z]JQ$/J!R%,FMUSJGZA-HPPPG$TN/2Z,O9J0R'$S)#/$!
M;@6;SOV%=X*:_]UP;8BD0N2X3Z!GIN;,M);L.FD&*)8=BJ5#4:B:&%#6@Z1U
M_%"K9S29XQL7B)KK@Y((J.+&\!H.3:T;AK:1F,>FXK!:(&AWTGS1(WRL@=!/
M>F^]R*>'F!LKEQL^:B.P;Z!]$8]>W)#-UOMC>H?LD\.Q!ZS2RA$WA"YD+C)F
MQ649-26'^T$XI7;NGY^ZJT"/^3_:.3?.LZNH\F=6-<[,D6G"@2K;?>&9Y8HA
MM:U`\QF<UZ*$^B$SM<@`PZ(080UM:##NU2"25R0<5"6R$ZWO#*.K9SM'0:JL
M*M52P)QSRK*!;[)2\&?N'CHB,;JJ0%,<!7H^>.OI`\]$@0"EDO-"2*P@I+N<
M'UAMAMOQ,64;"N.=.I*=F3T*Q?6M)_F4)`^YT%FE--<#'Z^JV"AP,04N'0<N
M]MS5!@[8D=4DY2,7^]+@C<X4Q@"P]NV)B*)N-V%%3GYYB6(/`[C`)?@/(=CL
M[%.@;)0QF+W\;1,)\IH5G9-4LRE*5IYM$=UZMJ3>YL8IAL!2T?I?NJ6"R=OJ
M)"3_24DZBJJZ[%C2#GO<B+O_ENK4&LXW-X.)1N91$@3>B*Q&VT.[JA2W5:DM
M>!1+84HL36$`.^P.DFL-.3MITBOMS)$^NG_!5U0257=7S3`6AJ/G>/"QY+;D
M@:6BAXB.Q/3MJLFA%K3-2@'XMX.H'4@Z]N+S59+2:H2-:.'`T41^T4K1U%)H
M.B13F"QG</9@*Q5VED1^T89-B*\<?7=J>JG4G[%K@NW:JROZ[DIIFV#::ML>
M6]?IQZG'_+A5(/R'<TMVL%\4F/-)PY[:%/;5@F6B$L;&R];J9\&/%TH:F>-J
M0WBLHT<^ZH$EP]K)\EP0EE&!O-);-J@.Y&[JW"V(9W=V-WJP=I4C.[9D$XX?
MD'AEU0TLY^FDCRON<,5M"VX#3]IH@XZV47//@L&;A[?K1T>$7=#2'WE0L1T.
M@?>_/SZ^>?IX&=MNI.'M[,/D6R:!]ZD=+&)+:HJDXD!A&/:K^[(6VE`-6%<5
MES-X,LR>$J[\(+RTX_&06!2PSC+5H!5I9H!Q^XS5+?H\A20)YXLTB2CC'C!9
MW%1HK0W;ZJ(SN;`FU[N=,FCKB4M*.P0R.*1WAATR4IQ`>_-"TEE+'"^$8Y4N
M5R`*F^Q61E;B*"-L#7R//8.DX``Z<S]I_$X'2V\X?&%-DBYN79\8#7NMJBI&
MZ=57M\V42RZ<H_+$=PQQ,OG2H+[UWA(<CW^']8[7:G:FS!A52WZZ$15DPP7W
MSE^E%^[&D2#VF^],HBK>L1/'CX;7]!51HEH$+ZQ=1YHU\^)'B3<"D-!F5V>Q
MYKCIIPN*?Q;S#]M,-!:1+;[>D\!O'.07?>Y;N.Y1@W09N;WUW@N*3>C!:Q\>
M<5"12.L>!C$8RZP5ZUKC9XI5J:6H+UO+U`#WV+O+:!P&?M!^.=H[_'@,EPL_
MB3!Y\/.Q6Y[>^,H,$XQ&?%GV9C/Y5X`!`"MQ*S4*#0IE;F1S=')E86T-96YD
M;V)J#30@,"!O8FH-/#PO3G5M<ULP(#4@,"!273X^#65N9&]B:@TU(#`@;V)J
M#3P\+U,O1#X^#65N9&]B:@TV(#`@;V)J#3P\+T-O=6YT(#(O5'EP92]086=E
M<R]+:61S6S$Q(#`@4B`Q(#`@4ET^/@UE;F1O8FH--R`P(&]B:@T\/"]3=6)T
M>7!E+UA-3"],96YG=&@@,S8P,R]4>7!E+TUE=&%D871A/CYS=')E86T-"CP_
M>'!A8VME="!B96=I;CTB[[N_(B!I9#TB5S5-,$UP0V5H:4AZ<F53>DY48WIK
M8SED(C\^"CQX.GAM<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z;65T82\B('@Z
M>&UP=&L](D%D;V)E(%A-4"!#;W)E(#0N,"UC,S$V(#0T+C(U,SDR,2P@4W5N
M($]C="`P,2`R,#`V(#$W.C$T.C,Y(CX*("`@/')D9CI21$8@>&UL;G,Z<F1F
M/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS>6YT87@M;G,C
M(CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@
M("`@("`@>&UL;G,Z<&1F/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O
M(CX*("`@("`@("`@/'!D9CI0<F]D=6-E<CY!8W)O8F%T($1I<W1I;&QE<B`X
M+C$N,"`H5VEN9&]W<RD\+W!D9CI0<F]D=6-E<CX*("`@("`@/"]R9&8Z1&5S
M8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B
M"B`@("`@("`@("`@('AM;&YS.GAA<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87`O,2XP+R(^"B`@("`@("`@(#QX87`Z0W)E871O<E1O;VP^4%-C<FEP=#4N
M9&QL(%9E<G-I;VX@-2XR+C(\+WAA<#I#<F5A=&]R5&]O;#X*("`@("`@("`@
M/'AA<#I-;V1I9GE$871E/C(P,#DM,#<M,#)4,3(Z-34Z-3DM,#0Z,#`\+WAA
M<#I-;V1I9GE$871E/@H@("`@("`@("`\>&%P.D-R96%T941A=&4^,C`P.2TP
M-RTP,E0Q,CHU-3HU.2TP-#HP,#PO>&%P.D-R96%T941A=&4^"B`@("`@(#PO
M<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA
M8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G
M+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\9&,Z9F]R;6%T/F%P<&QI
M8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@
M("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@("`\<F1F.FQI('AM
M;#IL86YG/2)X+61E9F%U;'0B/DUI8W)O<V]F="!7;W)D("T@069F:7)M871I
M=F5L971T97(T+F1O8SPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI!;'0^
M"B`@("`@("`@(#PO9&,Z=&ET;&4^"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@
M("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3YH
M87EE<W,\+W)D9CIL:3X*("`@("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@("`@
M("`\+V1C.F-R96%T;W(^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@
M("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X
M;6QN<SIX87!-33TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+VUM+R(^
M"B`@("`@("`@(#QX87!-33I$;V-U;65N=$E$/G5U:60Z,&$V8F4Y8V(M-SDT
M.2TT-#=C+6)B,#$M,65E-F9C-3@S-C1F/"]X87!-33I$;V-U;65N=$E$/@H@
M("`@("`@("`\>&%P34TZ26YS=&%N8V5)1#YU=6ED.C!A9C-E.#DU+34Q,30M
M-#8Y,BUA-C`W+38Y-#,R8S,W93EC9CPO>&%P34TZ26YS=&%N8V5)1#X*("`@
M("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@(#PO<F1F.E)$1CX*/"]X.GAM<&UE
M=&$^"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*/#]X<&%C:V5T(&5N9#TB=R(_
M/@T*96YD<W1R96%M#65N9&]B:@TX(#`@;V)J#3P\+T-R96%T:6]N1&%T92A$
M.C(P,#DP-S`R,3(U-34Y+3`T)S`P)RDO075T:&]R*&AA>65S<RDO0W)E871O
M<BA04V-R:7!T-2YD;&P@5F5R<VEO;B`U+C(N,BDO4')O9'5C97(H06-R;V)A
M="!$:7-T:6QL97(@."XQ+C`@7"A7:6YD;W=S7"DI+TUO9$1A=&4H1#HR,#`Y
M,#<P,C$R-34U.2TP-"<P,"<I+U1I=&QE*$UI8W)O<V]F="!7;W)D("T@069F
M:7)M871I=F5L971T97(T+F1O8RD^/@UE;F1O8FH->')E9@T*,"`Y#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#<W,#@@,#`P,#`@;@T*,#`P,#`P-S@S
M-"`P,#`P,"!N#0HP,#`P,#`W.38V(#`P,#`P(&X-"C`P,#`P,#DU-#0@,#`P
M,#`@;@T*,#`P,#`P.34W."`P,#`P,"!N#0HP,#`P,#`Y-C`R(#`P,#`P(&X-
M"C`P,#`P,#DV-C`@,#`P,#`@;@T*,#`P,#`Q,S,T,"`P,#`P,"!N#0IT<F%I
I;&5R#0H\/"]3:7IE(#D^/@T*<W1A<G1X<F5F#0HQ,38-"B4E14]&#0H_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----