-----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,
 KUdvcKJ0cVNbfxMELpgSok3Bz6Q7fH5UP09ylJOrOwr5LFcFitKcv8VP7v872mym
 +r+Cx9TryxCnGnnssiUhXg==

<SEC-DOCUMENT>9999999997-10-000877.txt : 20100202
<SEC-HEADER>9999999997-10-000877.hdr.sgml : 20100202
<ACCEPTANCE-DATETIME>20100202160013
ACCESSION NUMBER:		9999999997-10-000877
CONFORMED SUBMISSION TYPE:	CT ORDER
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100202
DATE AS OF CHANGE:		20100202
<ACTION-DATE>20100202
<RECEIVED-DATE>20100202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN EXPRESS RECEIVABLES FINANCING CORP III LLC
		CENTRAL INDEX KEY:			0001283434
		STANDARD INDUSTRIAL CLASSIFICATION:	ASSET-BACKED SECURITIES [6189]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		CT ORDER
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-113579-02
		FILM NUMBER:		10566942

	BUSINESS ADDRESS:	
		STREET 1:		4135 SOUTH 2700 WEST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84184
		BUSINESS PHONE:		8015655023

	MAIL ADDRESS:	
		STREET 1:		4135 SOUTH 2700 WEST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84184
</SEC-HEADER>
<DOCUMENT>
<TYPE>CT ORDER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C8Q(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$T
M.3$S+T\@-C,O12`W-#4W+TX@,B]4(#$S-C0V+T@@6R`U-38@,C`U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HV,2`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.3(X(#`P,#`P(&X-"C`P,#`P,#$R,#$@
M,#`P,#`@;@T*,#`P,#`P,30T-"`P,#`P,"!N#0HP,#`P,#`Q.#@W(#`P,#`P
M(&X-"C`P,#`P,#$Y,C(@,#`P,#`@;@T*,#`P,#`P,3DY.2`P,#`P,"!N#0HP
M,#`P,#`S-S8T(#`P,#`P(&X-"C`P,#`P,#0R-S(@,#`P,#`@;@T*,#`P,#`P
M-#4Q-2`P,#`P,"!N#0HP,#`P,#`W,C`X(#`P,#`P(&X-"C`P,#`P,#`W-C$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#<T+U!R978@,3,V,S4O6%)E9E-T;2`W-C$O4F]O="`V,B`P(%(O26YF;R`X
M(#`@4B])1%L\,CDV1C<V,#A!14$X-C0Q,C1&1#$R,S8Q,3A%-$-#1D(^/$0T
M13!%,D8U.#(Y0D0S-#@X-C$P.#(Q04,Y,C<X1C5&/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C<S(#`@;V)J#3P\+TQE;F=T:"`Q,3,O0R`Q,3,O
M1FEL=&5R+T9L871E1&5C;V1E+TD@,3,U+TP@.3<O4R`U-SX^<W1R96%M#0IX
MVF)@8&!B8&!^PL`,9*Q@X&5``%Z@&#,#"P/'@W4.#`Q7&!C$UC<P,%LP,#2`
M^$B`$XH9&)09>'@99S`P:.4HWN3E2N)-`(NR,#`HK64`6\1@!<1`J^3^`&E&
M(',CW!0.!@;C0(@HHRI`@`$`B)X.1`T*96YD<W1R96%M#65N9&]B:@TW,B`P
M(&]B:@T\/"],96YG=&@@,C`O1FEL=&5R+T9L871E1&5C;V1E+U=;,2`Q(#%=
M+TEN9&5X6SD@-3)=+T1E8V]D95!A<FUS/#PO0V]L=6UN<R`S+U!R961I8W1O
M<B`Q,CX^+U-I>F4@-C$O5'EP92]84F5F/CYS=')E86T-"GC:8F)B9F!B8&`<
M+A@@P`!$!P"A#0IE;F1S=')E86T-96YD;V)J#38R(#`@;V)J#3P\+TUA<FM)
M;F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA<FME9"!T<G5E/CXO365T861A
M=&$@-R`P(%(O4&EE8V5);F9O/#PO36%R:V5D4$1&/#PO3&%S=$UO9&EF:65D
M*$0Z,C`Q,#`R,#(Q-30V,3@I/CX^/B]086=E<R`V(#`@4B]086=E3&%Y;W5T
M+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`Y(#`@4B]4>7!E+T-A=&%L;V<O
M3&%N9RC^_P!%`$X`+0!5`%,I+TQA<W1-;V1I9FEE9"A$.C(P,3`P,C`R,34T
M-C$X*2]086=E3&%B96QS(#0@,"!2/CX-96YD;V)J#38S(#`@;V)J#3P\+T-R
M;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`V(#`@4B]3=')U8W1087)E;G1S
M(#`O0V]N=&5N=',@-C<@,"!2+U)O=&%T92`P+TUE9&EA0F]X6S`@,"`V,3(@
M-SDR72]297-O=7)C97,\/"]#;VQO<E-P86-E/#PO0U,P(#8U(#`@4CX^+T9O
M;G0\/"]45#`@-C0@,"!2+U14,2`V."`P(%(^/B]0<F]C4V5T6R]01$8O5&5X
M=%TO17AT1U-T871E/#PO1U,P(#8V(#`@4CX^/CXO5'EP92]086=E/CX-96YD
M;V)J#38T(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R:7!T
M;W(@-S$@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;,C4P(#`@,"`P(#`@,"`P
M(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@
M-3`P(#`@-3`P(#4P,"`U,#`@,"`P(#`@,"`P(#`@,"`W,C(@,"`W,C(@-S(R
M(#8V-R`V,3$@-S<X(#<W."`S.#D@,"`P(#8V-R`Y-#0@-S(R(#<W."`P(#`@
M-S(R(#4U-B`V-C<@-S(R(#<R,B`P(#<R,B`P(#`@,"`P(#`@,"`U,#`@,"`U
M,#`@-34V(#0T-"`U-38@-#0T(#`@-3`P(#`@,C<X(#`@,"`R-S@@.#,S(#4U
M-B`U,#`@-34V(#`@-#0T(#,X.2`S,S,@-34V(#4P,"`P(#4P,"`U,#!=+T)A
M<V5&;VYT+U1I;65S3F5W4F]M86Y04RU";VQD350O1FER<W1#:&%R(#,R+T5N
M8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH--C4@
M,"!O8FH-6R])0T-"87-E9"`W,"`P(%)=#65N9&]B:@TV-B`P(&]B:@T\/"]/
M4$T@,2]/4"!F86QS92]O<"!F86QS92]4>7!E+T5X=$=3=&%T92]302!F86QS
M92]332`P+C`R/CX-96YD;V)J#38W(#`@;V)J#3P\+TQE;F=T:"`Q-CDT+T9I
M;'1E<B]&;&%T941E8V]D93X^<W1R96%M#0I(B:Q786^;2!#][E\Q'^$4"+L+
M!DY5)==V4O<2YY30ZJ3F=,(8-YQ<<`$WS;^_V5U8(`;;5S7Y8`S>V3?OS;P=
MW@6CRS_AS9O+V^EB!A:\??MN-H71Y?3!@JC`&_P?BB@=75[CK2_%Z#((+"`0
M;$:&95H6\2"(H+YZ!D+%$OR@CF?B/=?R3,^&X.OHL_9QN0CFNN%H,WC0C;$6
M3`+^;?X`^M_!A]'\EF_=P"$U'+&3-:YWXE?/8(Q-UP.#F,2!8(W1'^;3C_>+
M8,$C8\C)<@:XF:W]-7T_65Z+2YC>W=XN'AX6=\O^+6F]I24V$QE9ICMVFHTT
MT(-_#Q8RA9698Z?]\ZMXE>_#_`7H!5"+6+W+;;6<V":S3V[G=*GQ%34^A^R8
M_KC-S-W];'X/U[KA:?>39;!87B,1RRO!@`Q`ZP`.E2J:MLW3Q_T7LSDNF=Q`
M<#^?!+?XI1?16#%7Q4.%,$R'"UX!'$GP?@ZU6JC4O%(()M,`[JZ`^(R7A=TO
MD7LHD>&8[FG.O`YGGJ,*EX<8FY;?CC#Y&N=)%*8P_['+XZ*`^SB*D^_A:AOS
MV"*$WX10K/F2M<]:P5.`JT0W7"T->?&E49)^D568Y;Q(=[K!M"P/RR1+8;'H
M3]?OH%9"<YB8N&<RMU-LR3:&968":F!08E/;:.#::K&H$L_D)%1P+1L,C@FF
M5V(]M:G#!MK2ZE'`,JE_4@'2[6A/`9(:&(29E)TG0L&I59DI:V!"!V;Z2@?.
MO5-S[PQQOQ#/;FZF`RG3$RJX?J\*C#&#$.:X?B.#1[H^YIF.6\F@8=\8KQ3H
MHY'U"N#8)_FW3_-OG=D%70%<)0#Y.07XDT\Z.Z:!<T(#C_X2"<A9$HQ_5@*W
M*X$R7LNM)>`9G2E!G1&QE)0(00I`B&IN[D)>OPXNU\&N=1#N]`ENN#0W.M6&
MI/!.2(%\#VI!B><[O[0=_)_4@EI=+92+$#E@X,G?3>1`BVD>KY,2)E&4[=,2
M;L.BC',(\GU1]N](#HFCK\[[KH5;KN>>:^'NV19.>^:<\RR<L@'.Y(GO(J!C
MA"V*8A^F47R,(_MH<5FF[_R:XF+G%!=U^L<-OP7AG[Z__FC*-G",)M48C6-#
M=8:S8\2[G0%+\&XTF5DUGAE6`N@&=1T+Z=<][:B#I_I80UL@&K^(1*TT\Z`<
M\*6?>*9-*N+0/[AW[)K3\P(.A.8IB$B.BL1D4XE(K9'P%:!0&!1,$7FF$XUO
MT\"RFZP%K,^:.L#YP<%Q=#+6'0T]CFIQ@5=-[OAE*V^W=FRF89ER\!N"Z^3Y
MJ7</R6IKEF:JYN0T@CU1UUQ_JJT]JBUZV+-D^<MH+?KZT`S8$DK<RV4EL6OB
M,5YY"3;G!83INC?9UTVL0O:AQ9@MM,5^Q0,F91FO,3Z$N]T68V/N""Z%?;I&
MH/=[;&EJKPP*?7!IA98Q97UY_&V/HL9%R0F-LG23K..T3,(ME'D<EB()9&*3
MY2V=J_?(*E0+99+B#_D:*0I2&?^(MOLU8M[D&7\`Y5.,?#PEJZ0LH,P@A"M<
M`I[Q!VS0D=:`ZY;9]Y@;,E^PXD<NYL;X2Z#EFP.^[!VZ#=;A@"/X'4=X3;ZH
MW]H)WH6%Q)3'7$/D0I[W8^R*U8M2N>&&>:]K]XB)U!U45RUK2FN@:@_]XZA3
M]1H3K8QIK";-@:8Z<`<^]D3<]7"W87,Q9.P6ZB$/=2H/53OC';%Y7VM(2LC8
M=+P:]RES:4]\*B)IX%;3NPC9@MMV4U<[=)G&M/OX57UF^W4)G)YZI&G4A4!Z
MZL#V7]N7?^`ONJUQBT$64SP"E-&43_RTJCZ3`K!-\9?BE,!/'DBF]VT?;A/^
M*.&J(&EA(3R!WY&VP`^`%I7B,!7]$F5?D92(&P=:Q482B%^$(]2]+'>17H58
M!A4AG?$LAJL\CM?2/K(-+&1(MQ5R$B&!#GPT'\RI"<.B&%7D9@1Q'/JHK1[U
M1\U^U"^$.\V2[TG!H^)>[6Z051'#4]C3K_+(HGA)%?`"UC$*+'P[11=)LY([
MWFZ_0NO>OL`Z*:)M5L3HDR;T%BB1!5J%;:N/)92OL4*W+Q>-QR:'S+1M=Y/U
M,B,&8FV[S9YYQ<?2F^$YV6X%XE6,WK>-A0\B>AY(E6G+KYBR3ID?J!*391=#
MF8B2A1U6+3^UUO@0BET<M4INC?=_[[=X9OT/BV>D8_%$OB^XMN\W#@_U.02Z
ML'K^U@(Z\6V'TY5G^R]/U9.[J,Q66+/R&R,7U17%]\<!L.H]0<RH';SM/X5]
M'HS^$V``M7&5;PT*96YD<W1R96%M#65N9&]B:@TV."`P(&]B:@T\/"]3=6)T
M>7!E+U1R=654>7!E+T9O;G1$97-C<FEP=&]R(#8Y(#`@4B],87-T0VAA<B`Q
M-3`O5VED=&AS6S(U,"`P(#`@,"`P(#`@,"`P(#,S,R`S,S,@,"`P(#(U,"`S
M,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@,"`P(#4P,"`U,#`@
M,C<X(#`@,"`P(#`@,"`P(#<R,B`V-C<@-C8W(#<R,B`V,3$@-34V(#`@,"`S
M,S,@,"`W,C(@-C$Q(#@X.2`W,C(@-S(R(#`@,"`V-C<@-34V(#8Q,2`W,C(@
M-S(R(#`@,"`P(#`@,"`P(#`@,"`P(#`@-#0T(#4P,"`T-#0@-3`P(#0T-"`S
M,S,@-3`P(#4P,"`R-S@@,"`P(#(W."`W-S@@-3`P(#4P,"`U,#`@-3`P(#,S
M,R`S.#D@,C<X(#4P,"`U,#`@-S(R(#4P,"`U,#`@-#0T(#`@,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#4P
M,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3350O1FER<W1#:&%R(#,R+T5N
M8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH--CD@
M,"!O8FH-/#PO4W1E;58@.#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3350O
M1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-#`P+T9L86=S(#,T+T1E
M<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E
M;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@
M-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N
M9VQE(#`^/@UE;F1O8FH--S`@,"!O8FH-/#PO3&5N9W1H(#(U.3@O1FEL=&5R
M+T9L871E1&5C;V1E+TX@,R]!;'1E<FYA=&4O1&5V:6-E4D="/CYS=')E86T-
M"FC>G)9W5%37%H?/O7=ZH<TPTAEZDRXP@/0N(!T$41AF!AC*`,,,36R(J$!$
M$1$!19"@@`&CH4BLB&(A**A@#T@04&(PBJBH9$;62GQY>>_EY??'O=_:9^]S
M]]E[G[4N`"1/'RXO!98"()DGX`=Z.--7A4?0L?T`!GB``:8`,%GIJ;Y![L%`
M)"\W%WJZR`G\B]X,`4C\OF7HZ4^G@_]/TJQ4O@``R%_$YFQ..DO$^2).RA2D
MBNTS(J;&)(H91HF9+TI0Q')BCEODI9]]%ME1S.QD'EO$XIQ3V<EL,?>(>'N&
MD"-BQ$?$!1E<3J:(;XM8,TF8S!7Q6W%L,H>9#@"*)+8+.*QX$9N(F,0/#G01
M\7(`<*2X+SCF"Q9PL@3B0[FDI&;SN7'Q`KHN2X]N:FW-H'MR,I,X`H&A/Y.5
MR.2SZ2XIR:E,7C8`BV?^+!EQ;>FB(EN:6EM:&IH9F7Y1J/^Z^#<E[NTBO0KX
MW#.(UO>'[:_\4NH`8,R*:K/K#UO,?@`ZM@(@=_\/F^8A`"1%?6N_\<5Y:.)Y
MB1<(4FV,C3,S,XVX'):1N*"_ZW\Z_`U]\3TC\7:_EX?NRHEE"I,$=''=6"E)
M*4(^/3V5R>+0#?\\Q/\X\*_S6!K(B>7P.3Q11*AHRKB\.%&[>6RN@)O"HW-Y
M_ZF)_S#L3UJ<:Y$H]9\`-<H(2-V@`N3G/H"B$`$2>5#<]=_[YH,/!>*;%Z8Z
ML3CWGP7]^ZYPB?B1SHW['.<2&$QG"?D9BVOB:PG0@``D`17(`Q6@`72!(3`#
M5L`6.`(WL`+X@6`0#M8"%H@'R8`/,D$NV`P*0!'8!?:"2E`#ZD$C:`$G0`<X
M#2Z`R^`ZN`GN@`=@!(R#YV`&O`'S$`1A(3)$@>0A54@+,H#,(`9D#[E!/E`@
M%`Y%0W$0#Q)"N=`6J`@JA2JA6J@1^A8Z!5V`KD(#T#UH%)J"?H7>PPA,@JFP
M,JP-&\,,V`GVAH/A-7`<G`;GP/GP3K@"KH./P>WP!?@Z?`<>@9_#LPA`B`@-
M44,,$0;B@O@A$4@LPD<V((5(.5*'M"!=2"]R"QE!II%W*`R*@J*C#%&V*$]4
M"(J%2D-M0!6C*E%'4>VH'M0MU"AJ!O4)348KH0W0-F@O]"IT'#H378`N1S>@
MV]"7T'?0X^@W&`R&AM'!6&$\,>&8!,PZ3#'F`*85<QXS@!G#S&*Q6'FL`=8.
MZX=E8@78`NQ^[#'L.>P@=AS[%D?$J>+,<.ZX"!P/EX<KQS7ASN(&<1.X>;P4
M7@MO@_?#L_'9^!)\/;X+?P,_CI\G2!-T"':$8$("83.A@M!"N$1X2'A%)!+5
MB=;$`"*7N(E803Q.O$(<);XCR9#T22ZD2)*0M)-TA'2>=(_TBDPF:Y,=R1%D
M`7DGN9%\D?R8_%:"(F$DX27!EM@H4271+C$H\4(2+ZDEZ22Y5C)'LESRI.0-
MR6DIO)2VE(L44VJ#5)74*:EAJ5EIBK2IM)]TLG2Q=)/T5>E)&:R,MHR;#%LF
M7^:PS$69,0I"T:"X4%B4+91ZRB7*.!5#U:%Z41.H1=1OJ/W4&5D9V66RH;)9
MLE6R9V1':`A-F^9%2Z*5T$[0AFCOER@O<5K"6;)C2<N2P25S<HIRCG(<N4*Y
M5KD[<N_EZ?)N\HGRN^4[Y!\IH!3T%0(4,A4.*EQ2F%:D*MHJLA0+%4\HWE>"
ME?25`I76*1U6ZE.:5591]E!.5=ZO?%%Y6H6FXJB2H%*F<E9E2I6B:J_*52U3
M/:?ZC"Y+=Z(GT2OH/?09-24U3S6A6JU:O]J\NHYZB'J>>JOZ(PV"!D,C5J-,
MHUMC1E-5TU<S5[-9\[X67HNA%:^U3ZM7:TY;1SM,>YMVA_:DCIR.ETZ.3K/.
M0UVRKH-NFFZ=[FT]C!Y#+U'O@-Y-?5C?0C]>OTK_A@%L8&G`-3A@,+`4O=1Z
M*6]IW=)A0Y*ADV&&8;/AJ!'-R,<HSZC#Z(6QIG&$\6[C7N-/)A8F22;U)@],
M94Q7F.:9=IG^:J9OQC*K,KMM3C9W-]]HWFG^<IG!,LZR@\ON6E`L?"VV671;
M?+2TLN1;MEA.66E:15M56PTSJ`Q_1C'CBC7:VMEZH_5IZW<VEC8"FQ,VO]@:
MVB;:-ME.+M=9SEE>OWS,3MV.:5=K-V)/MX^V/V0_XJ#FP'2H<WCBJ.'(=FQP
MG'#2<TIP.N;TPMG$F>_<YCSG8N.RWN6\*^+JX5KHVN\FXQ;B5NGVV%W=/<Z]
MV7W&P\)CG<=Y3[2GM^=NSV$O92^65Z/7S`JK%>M7]'B3O(.\*[V?^.C[\'VZ
M?&'?%;Y[?!^NU%K)6]GA!_R\_/;X/?+7\4_S_SX`$^`?4!7P--`T,#>P-X@2
M%!74%/0FV#FX)/A!B&Z(,*0[5#(T,K0Q="[,-:PT;&25\:KUJZZ'*X1SPSLC
ML!&A$0T1LZO=5N]=/1YI$5D0.;1&9TW6FJMK%=8FK3T3)1G%C#H9C8X.BVZ*
M_L#T8]8Q9V.\8JIC9E@NK'VLYVQ'=AE[BF/'*>5,Q-K%EL9.QMG%[8F;BG>(
M+X^?YKIP*[DO$SP3:A+F$OT2CR0N)(4EM2;CDJ.33_%D>(F\GA25E*R4@52#
MU(+4D32;M+UI,WQO?D,ZE+XFO5-`%?U,]0EUA5N%HQGV&549;S-#,T]F26?Q
MLOJR];-W9$_DN.=\O0ZUCK6N.U<M=W/NZ'JG];4;H`TQ&[HW:FS,WSB^R6/3
MT<V$S8F;?\@SR2O->[TE;$M7OG+^IORQK1Y;FPLD"O@%P]MLM]5L1VWG;N_?
M8;YC_XY/A>S":T4F1>5%'XI9Q=>^,OVJXJN%G;$[^TLL2P[NPNSB[1K:[;#[
M:*ET:4[IV![?/>UE]++"LM=[H_9>+5]67K./L$^X;Z3"IZ)SO^;^7?L_5,97
MWJERKFJM5JK>43UW@'U@\*#CP98:Y9JBFO>'N(?NUGK4MM=IUY4?QAS../RT
M/K2^]VO&UXT-"@U%#1^/\(Z,'`T\VM-HU=C8I-14T@PW"YNGCD4>N_F-ZS>=
M+88MM:VTUJ+CX+CP^+-OH[\=.N%]HOLDXV3+=UK?5;=1V@K;H?;L]IF.^(Z1
MSO#.@5,K3G5WV7:U?6_T_9'3:J>KSLB>*3E+.)M_=N%<SKG9\ZGGIR_$71CK
MCNI^<''5Q=L]`3W]E[PO7;GL?OEBKU/ON2MV5TY?M;EZZAKC6L=UR^OM?19]
M;3]8_-#6;]G??L/J1N=-ZYM=`\L'S@XZ#%ZXY7KK\FVOV]?OK+PS,!0R='<X
M<GCD+OONY+VD>R_O9]R??[#I(?IAX2.I1^6/E1[7_:CW8^N(Y<B94=?1OB=!
M3QZ,L<:>_Y3^TX?Q_*?DI^43JA.-DV:3IZ?<IVX^6_UL_'GJ\_GI@I^E?ZY^
MH?OBNU\<?^F;634S_I+_<N'7XE?RKXZ\7O:Z>]9_]O&;Y#?S<X5OY=\>?<=X
MU_L^[/W$?.8'[(>*CWH?NSYY?WJXD+RP\)L``P#WA//["@T*96YD<W1R96%M
M#65N9&]B:@TW,2`P(&]B:@T\/"]3=&5M5B`Q,S8O1F]N=$YA;64O5&EM97-.
M97=2;VUA;E!3+4)O;&1-5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H
M="`W,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU-3@@+3,P
M-R`R,#`P(#$P,C9=+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@
M4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E
M<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B:@TQ(#`@;V)J#3P\+T-R
M;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`V(#`@4B]3=')U8W1087)E;G1S
M(#$O0V]N=&5N=',@,B`P(%(O4F]T871E(#`O365D:6%";WA;,"`P(#8Q,B`W
M.3)=+U)E<V]U<F-E<SP\+T-O;&]R4W!A8V4\/"]#4S`@-C4@,"!2/CXO1F]N
M=#P\+U14,"`V."`P(%(^/B]0<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E
M/#PO1U,P(#8V(#`@4CX^/CXO5'EP92]086=E/CX-96YD;V)J#3(@,"!O8FH-
M/#PO3&5N9W1H(#,X,2]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A;0T*2(F$
M44U/@T`4O/,KWG$Q+>PN4*AIFEAHC<8F1O>F'A!HP11H@-;HKW<_NE9,F[*'
MV??R9MXP.V.&_0B3B;T,[R+`,)W.HA`,.WS&D+2\(0ZT2678M[RU;@V;,0P$
MV,K`%L:8WQ(8ZNLG$"HI',88?!Q8XQ&PTGA!8`ZI[V&TJ!OH\@S"NBS-`!5M
M6]35`-Z_9#<J]H5H0+TRW]B]VN'][B"^W,%5"5_"4@-QG69;-W$G2(NBBJLD
M&\!VU[2[N.J@J\%D'TK&.5IUA,Q0Z0R)13RIE6:;;!UW60KQKLOKINB^KB5]
MOA29'',B.B<L)+$0PUHGXIY.<:CFL*LS$\[%"5=/4,N7H?!)GJS\;DSJNSXJ
M.7@!BD4U1I4I,T\5')J@JB<!5#5=M%?-0E0!ZA1\:X)XBO]FO#]VM8F9TFP4
MO6\B456NJH.)4!'RWO9,5"Y:"7#TY"NEHQ[U00"1PUQVW?O%C1(Z;7S4>[VS
M8?L7GR,X/3%GQH\``P#'0L&1#0IE;F1S=')E86T-96YD;V)J#3,@,"!O8FH-
M/#PO1FER<W0@-#`U+TQE;F=T:"`X-#DO1FEL=&5R+T9L871E1&5C;V1E+TX@
M-3(O5'EP92]/8FI3=&T^/G-T<F5A;0T*>-KDE$]OW#80Q?M1YM@<4I)##B4!
M@0%G$P.&$]NP'/1@Y*#8S';1M;20M47\[?NHB?\DM9,E>BH*K'9`\O$W,WRB
M&K+D\H_).0K>D6,*TI#S%"N$0!5FG%#MA5RD1BIR^-DZD*LAPYS+\MH2`Q0X
M$(,28DV<-V(W>T2)A"47;4.<2>*)L34V%7%&!D<,7E4+,7BU;\B#5R-/KJK!
MI`>OJ3#&5@NQ1RI;>4)E[%",1PH7,0:2+<:Y!.0!BKEI**!$'X1R*M^@7906
M(`[@A=I3`$^0!Q*6"CKP(IH)X,4('7@5#B:`5^&,!+S:"DDN'7\"7HU^<FL-
MH`)>4T,G:`5%X@B\K:&KT!*:%I3H4+_DUG"(T2)&H5>OS%%VQ=*9.>W&U$_G
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M(3NHAQE[:`[&[CK-F&]*1WH5:-]SA@NG9^?T[%Q\:![0R[3_>4HCV=_L7-W^
M>K7LS0+O<!K-"<[R-A?_^[B:5OWR_7"5S+OQ_)/N?)T^#V.ZWWJ(8OMI'J*E
M1Z-VZL9'JS]./8O_:YE?>@X_3#ZO[^W]3V[TQXM_>:5AT_[7%Q8?6XL;_O6#
MV]Y?FR6Y^R_E(ZTKT'*!UN^@G5LPB[OE(PH[;SHB*=#&@L*K`FV]@S9\W^0S
M[D3_SUW/VO.TF$O$?A>Q[.C0TRFD1!QWK^=9DYXFUR7BILB=,B^+S'1%;CI?
MI"ZRT17YZ&*1NLA)5V2E*_*2B[SDLHM9Y"47><E%7K*47#,NNI1<%:GK(G53
MHO:V2.V*U#_Q\F\!!@`G^'VJ#0IE;F1S=')E86T-96YD;V)J#30@,"!O8FH-
M/#PO3G5M<ULP(#4@,"!273X^#65N9&]B:@TU(#`@;V)J#3P\+U,O1#X^#65N
M9&]B:@TV(#`@;V)J#3P\+T-O=6YT(#(O5'EP92]086=E<R]+:61S6S8S(#`@
M4B`Q(#`@4ET^/@UE;F1O8FH--R`P(&]B:@T\/"]3=6)T>7!E+UA-3"],96YG
M=&@@-#`V-R]4>7!E+TUE=&%D871A/CYS=')E86T-"CP_>'!A8VME="!B96=I
M;CTB[[N_(B!I9#TB5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED(C\^"CQX.GAM
M<&UE=&$@>&UL;G,Z>#TB861O8F4Z;G,Z;65T82\B('@Z>&UP=&L](D%D;V)E
M(%A-4"!#;W)E(#0N,"UC,S(Q(#0T+C,Y.#$Q-BP@5'5E($%U9R`P-"`R,#`Y
M(#$T.C(T.C,Y(CX*("`@/')D9CI21$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W
M+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS>6YT87@M;G,C(CX*("`@("`@/')D
M9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z
M<&1F/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O(CX*("`@("`@("`@
M/'!D9CI0<F]D=6-E<CY!8W)O8F%T($1I<W1I;&QE<B`X+C$N,"`H5VEN9&]W
M<RD\+W!D9CI0<F]D=6-E<CX*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@
M("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@
M('AM;&YS.G!D9G@](FAT='`Z+R]N<RYA9&]B92YC;VTO<&1F>"\Q+C,O(CX*
M("`@("`@("`@/'!D9G@Z0V]M<&%N>3Y396-U<FET:65S(&%N9"!%>&AA;F=E
M($-O;6UI<W-I;VX\+W!D9G@Z0V]M<&%N>3X*("`@("`@("`@/'!D9G@Z0V]M
M;65N=',^5F5R<VEO;B`Q+C`\+W!D9G@Z0V]M;65N=',^"B`@("`@("`@(#QP
M9&9X.E-O=7)C94UO9&EF:65D/D0Z,C`Q,#`R,#(R,#0V,#@\+W!D9G@Z4V]U
M<F-E36]D:69I960^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN
M<SIX87`](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/@H@("`@("`@
M("`\>&%P.D-R96%T;W)4;V]L/D%C<F]B870@4$1&36%K97(@."XQ(&9O<B!7
M;W)D/"]X87`Z0W)E871O<E1O;VP^"B`@("`@("`@(#QX87`Z36]D:69Y1&%T
M93XR,#$P+3`R+3`R5#$U.C0V.C$X+3`U.C`P/"]X87`Z36]D:69Y1&%T93X*
M("`@("`@("`@/'AA<#I#<F5A=&5$871E/C(P,3`M,#(M,#)4,34Z-#8Z,38M
M,#4Z,#`\+WAA<#I#<F5A=&5$871E/@H@("`@("`@("`\>&%P.DUE=&%D871A
M1&%T93XR,#$P+3`R+3`R5#$U.C0V.C$X+3`U.C`P/"]X87`Z365T861A=&%$
M871E/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C
M<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z>&%P34T]
M(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]M;2\B/@H@("`@("`@("`\
M>&%P34TZ1&]C=6UE;G1)1#YU=6ED.C8R,C5D-F$P+31A-&4M-&%A-"TY9&(P
M+3`T.3@X-64V-61A.3PO>&%P34TZ1&]C=6UE;G1)1#X*("`@("`@("`@/'AA
M<$U-.DEN<W1A;F-E240^=75I9#IF9C@P8S1C,"UA,#DU+31B-60M.3AC,BTQ
M8F5C-S8V-V4Q938\+WAA<$U-.DEN<W1A;F-E240^"B`@("`@("`@(#QX87!-
M33IS=6)J96-T/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@
M("`@/')D9CIL:3XT/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*
M("`@("`@("`@/"]X87!-33IS=6)J96-T/@H@("`@("`\+W)D9CI$97-C<FEP
M=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@
M("`@("`@("`@>&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT
M<R\Q+C$O(CX*("`@("`@("`@/&1C.F9O<FUA=#YA<'!L:6-A=&EO;B]P9&8\
M+V1C.F9O<FUA=#X*("`@("`@("`@/&1C.F-R96%T;W(^"B`@("`@("`@("`@
M(#QR9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/G5S/"]R9&8Z;&D^
M"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]D8SIC<F5A=&]R
M/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT/@H@
M("`@("`@("`@("`@("`\<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B+SX*
M("`@("`@("`@("`@/"]R9&8Z06QT/@H@("`@("`@("`\+V1C.G1I=&QE/@H@
M("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R9&8Z4D1&/@H\+W@Z>&UP
M;65T83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W
M(C\^#0IE;F1S=')E86T-96YD;V)J#3@@,"!O8FH-/#PO0W)E871I;VY$871E
M*$0Z,C`Q,#`R,#(Q-30V,38M,#4G,#`G*2]!=71H;W(H=7,I+T-R96%T;W(H
M06-R;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B
M870@1&ES=&EL;&5R(#@N,2XP(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`Q
M,#`R,#(Q-30V,3@M,#4G,#`G*2]#;VUP86YY*%-E8W5R:71I97,@86YD($5X
M:&%N9V4@0V]M;6ES<VEO;BDO0V]M;65N=',H5F5R<VEO;B`Q+C`I+U-O=7)C
M94UO9&EF:65D*$0Z,C`Q,#`R,#(R,#0V,#@I+U1I=&QE*"D^/@UE;F1O8FH-
M>')E9@T*,"`V,0T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`W-#4W(#`P
M,#`P(&X-"C`P,#`P,#<V.#<@,#`P,#`@;@T*,#`P,#`P.#$S-R`P,#`P,"!N
M#0HP,#`P,#`Y,#@R(#`P,#`P(&X-"C`P,#`P,#DQ,38@,#`P,#`@;@T*,#`P
M,#`P.3$T,"`P,#`P,"!N#0HP,#`P,#`Y,3DX(#`P,#`P(&X-"C`P,#`P,3,S
M-#(@,#`P,#`@;@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0IT<F%I;&5R#0H\/"]3:7IE(#8Q/CX-"G-T87)T
2>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----