-----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,
 LDEgO0ymqWHufNkxYgGxP5QYkzWMmc/dgQ02tMFcZr9tx4mZKAt9o0VyvwWxvrvz
 4EEus2uefVLAIFMPis7Mgg==

<SEC-DOCUMENT>9999999997-09-002254.txt : 20090127
<SEC-HEADER>9999999997-09-002254.hdr.sgml : 20090127
<ACCEPTANCE-DATETIME>20090127154534
ACCESSION NUMBER:		9999999997-09-002254
CONFORMED SUBMISSION TYPE:	CT ORDER
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090127
DATE AS OF CHANGE:		20090127
<ACTION-DATE>20090127
<RECEIVED-DATE>20090127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POPULAR INC
		CENTRAL INDEX KEY:			0000763901
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660667416
		FISCAL YEAR END:			1208

	FILING VALUES:
		FORM TYPE:		CT ORDER
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34084
		FILM NUMBER:		09548139

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		7877659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANPONCE CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>CT ORDER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C0R(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$R
M.3DS+T\@-#0O12`V.3`Y+TX@,2]4(#$R,3`V+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HT,B`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DX(#`P,#`P(&X-"C`P,#`P,#$Q-S$@
M,#`P,#`@;@T*,#`P,#`P,30Q-"`P,#`P,"!N#0HP,#`P,#`Q.#4R(#`P,#`P
M(&X-"C`P,#`P,#(R.#$@,#`P,#`@;@T*,#`P,#`P,C,Q-B`P,#`P,"!N#0HP
M,#`P,#`S-C0W(#`P,#`P(&X-"C`P,#`P,#8S-#`@,#`P,#`@;@T*,#`P,#`P
M-C4X,R`P,#`P,"!N#0HP,#`P,#`V.#,R(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#4U+U!R978@,3(P.34O6%)E9E-T;2`W,S$O4F]O="`T,R`P(%(O26YF;R`V
M(#`@4B])1%L\.$0V13@P-S5#-4-%0D0T1D0P0C,Q0C`S0S,V.41!1C8^/$$X
M134V1C`P1$9%-C$V-#5!13E%-T9&,3=$,$)&1#`W/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C4T(#`@;V)J#3P\+TQE;F=T:"`X-2]#(#DU+T9I
M;'1E<B]&;&%T941E8V]D92])(#$Q-R],(#<Y+U,@,SD^/G-T<F5A;0T*>-IB
M8&#@9&!@?L(`!&)9#*B`"8A9&#@.H`AR0C$#@S(##R_C9(D%#(%<2;P,UY@6
MP#3)^D(U6P$Q(P.#E!^$9OH/-X6-@4%W#D24X0M`@`$`/SP)\@T*96YD<W1R
M96%M#65N9&]B:@TU,R`P(&]B:@T\/"],96YG=&@@,C`O1FEL=&5R+T9L871E
M1&5C;V1E+U=;,2`Q(#%=+TEN9&5X6S<@,S5=+T1E8V]D95!A<FUS/#PO0V]L
M=6UN<R`S+U!R961I8W1O<B`Q,CX^+U-I>F4@-#(O5'EP92]84F5F/CYS=')E
M86T-"GC:8F)B9&!B8&`<#!@@P``>P@!L#0IE;F1S=')E86T-96YD;V)J#30S
M(#`@;V)J#3P\+TUA<FM);F9O/#PO3&5T=&5R<W!A8V5&;&%G<R`P+TUA<FME
M9"!T<G5E/CXO365T861A=&$@-2`P(%(O4&EE8V5);F9O/#PO36%R:V5D4$1&
M/#PO3&%S=$UO9&EF:65D*$0Z,C`P.3`Q,C<Q-30Q-34I/CX^/B]086=E<R`T
M(#`@4B]086=E3&%Y;W5T+T]N94-O;'5M;B]3=')U8W14<F5E4F]O="`W(#`@
M4B]4>7!E+T-A=&%L;V<O3&%N9RC^_P!%`$X`+0!5`%,I+TQA<W1-;V1I9FEE
M9"A$.C(P,#DP,3(W,34T,34U*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J
M#30T(#`@;V)J#3P\+T-R;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`T(#`@
M4B]3=')U8W1087)E;G1S(#`O0V]N=&5N=',@-#@@,"!2+U)O=&%T92`P+TUE
M9&EA0F]X6S`@,"`V,3(@-SDR72]297-O=7)C97,\/"]#;VQO<E-P86-E/#PO
M0U,P(#0W(#`@4CX^+T9O;G0\/"]45#`@-#4@,"!2+U14,2`T-B`P(%(^/B]0
M<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E/#PO1U,P(#4R(#`@4CX^/CXO
M5'EP92]086=E/CX-96YD;V)J#30U(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y
M<&4O1F]N=$1E<V-R:7!T;W(@-3`@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;
M,C4P(#`@,"`P(#`@,"`P(#`@,S,S(#,S,R`P(#`@,C4P(#,S,R`R-3`@,"`U
M,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`P(#`@-3`P(#`@,C<X(#`@,"`P(#`@
M,"`P(#<R,B`V-C<@-C8W(#<R,B`V,3$@-34V(#`@,"`S,S,@,"`P(#`@,"`W
M,C(@,"`U-38@-S(R(#8V-R`U-38@,"`W,C(@,"`Y-#0@,"`P(#`@,"`P(#`@
M,"`P(#`@-#0T(#4P,"`T-#0@-3`P(#0T-"`S,S,@-3`P(#4P,"`R-S@@,"`P
M(#(W."`W-S@@-3`P(#4P,"`U,#`@-3`P(#,S,R`S.#D@,C<X(#4P,"`U,#`@
M-S(R(#4P,"`U,#!=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T
M0VAA<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-
M96YD;V)J#30V(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R
M:7!T;W(@-3$@,"!2+TQA<W1#:&%R(#$R,2]7:61T:'-;,C4P(#`@,"`U,#`@
M,"`P(#`@,"`P(#`@,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P
M(#4P,"`P(#`@-3`P(#4P,"`U,#`@,"`P(#`@,"`P(#`@,"`W,C(@,"`W,C(@
M-S(R(#8V-R`V,3$@-S<X(#<W."`S.#D@-3`P(#`@-C8W(#DT-"`W,C(@-S<X
M(#8Q,2`P(#<R,B`U-38@-C8W(#<R,B`P(#`@-S(R(#`@,"`P(#`@,"`P(#4P
M,"`P(#4P,"`P(#0T-"`P(#0T-"`P(#`@,"`R-S@@,"`P(#(W."`P(#4U-B`U
M,#`@-34V(#`@-#0T(#`@,"`U-38@,"`P(#`@-3`P72]"87-E1F]N="]4:6UE
M<TYE=U)O;6%N4%,M0F]L9$U4+T9I<G-T0VAA<B`S,B]%;F-O9&EN9R]7:6Y!
M;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#30W(#`@;V)J#5LO24-#
M0F%S960@-#D@,"!270UE;F1O8FH--#@@,"!O8FH-/#PO3&5N9W1H(#$R-C`O
M1FEL=&5R+T9L871E1&5C;V1E/CYS=')E86T-"DB)I%9K;YM(%/WN7W&E_0(K
M0Y@Q&*BJ2BZV4U>-T[6)=J5XM<(PCF=%P.71-/]^[PQ@;'><U6H3*<&&.??<
M<^Z#C^'@YBN\?W]S%RRF8,&'#Q^G`0QN@K4%<8E?B%\HXVQP<XM?/96#FS"T
M@$"X&Q`J[^(_WP+7\DQ_#.'S0`,]_'LPNQ,P/33IH"TPB$D<"*=7GJ1'$F%(
MVDB>/(3PR95#H^Z089F6A<^',717+V",3-]SNL#)X%%[6"["F6XXVA36NC'6
MPDDH/LW6H/\9?OX)WCZ#M\8=O+A"^+'I>J?HZUGPL%J$"X&,D)/E%#"8K?T1
M?)HL;^4E!/=W=XOU>G&_5(=TSD.28T@B0KHF(7U$[7.4U5'Q"M0=`K4L7ZG1
MN+=`8$GFQ#9']HDR:G7=<R[^D8LO0!QA_$GV]ZOI;`6WNN%IJ\DR7"QO,=GE
M7&;9`-`.P*$"@%#3M@4AC+^8SO#(Y`N$J]DDO,,/2D;>,9<63^1"S;%SX;)@
M$GZ:0><(NC%K78!)$,+]'(@_$M;;:AM\A6B.Z?Z[9L0ZHRC],WH#B6-2ZQ3D
M:WZHTZ@8PB*+35!#$@69D>FY)S!SGC)8YB9@'&-D6YX-!@3S7X!2%XM4"7OL
M.&+:Y)337ZH?-<;HI&O;^2`,<1LX^PV=[$LK.YVDJ^&OZ"/H!G4=ZT*CLMX^
MZY[&JXHE$&40'0XICZ.*YUGCI41QCH#$%8"/6ITEK(!5C4)1>VM0*-@W?:S5
M.M%86?'L">(\V_&$916/TAZJMQ"S[:A5!8MT1ZN>=5_#`[#3;2T7#5X`SYH/
M1"O$W888KX#]B/%$JAM$JQ.&EXD\58@O<O$D5'L&LQ][ON55"54.$<QSB8%5
M9?P&._0X@;,L+\M+<EOFWYD804*E+:9,+#D=/%%>JEHGSL_UA4`:_-\?I>_C
M-_OCS/>/4=DD7+!#P4K468I9PO85SFJB%V1T81;QS?'(:8;,HU`XJO`/+X5+
M0ENO]>=;':5\QUD)40G]R*)^,V(:E),1<U8J<?[\S(I87.8%VI1%F?P@8^B&
M*YV(5+4I+I&D:_I^QU'2:6I5U,.\8"S)!0#D.TQ6(C;>-LPG<34$I0"DX2[!
M^^9VX,%<FX$)CD,WVG:C;S1[HP]EL"G_SDL!BJ&"O#CD150)$_OMUZA"6]9>
M+ZTX-9>9,]BCA@FKF-279^AAEE>BH`_U%ELU?556<&.8T<+VA!->QFE>,NPA
MK.!)'.=%@MV:O@ZQI8[L[!Y'+F="3$H[<G&*'9=<^"'5VQ6-MB+[79ZF></L
MV`=D9-I=DMJ+&!*L:="-5FYT>.%I*I/;,E`(U;Z&4/MR0Q4L9;*X4101NA$&
M&32F5UR08F(RP($5/$^:<.6!Q7R'`X%CAV@L>7>EH=TK#:ULR/.=*G7$`6[[
MX[X?H1M+H,O&))9)02>^[>"]:E_D]=.^O26&3S=XVH?)L+VBPF,U8\6^O<J8
M'E>L7#3R>;EMVK?+*Y.'DC<GS\D+:C^!YJTA`7:XJ.52=,=0S)_+=E%U=S>!
ML"*;`NIZZJ19ANA]4=915G6U<*RCOI6M43>&R/BT,["*GB*Y!NMJGQ>\>GVG
M3IW^%WE'9SI=LB`GK[Q:L"\X[D[<PK_S+"E1+27B^:[W>D3O6&-K4=HX,X.\
MQJ6<X?8L6:HN%JK85\89K9[%+!S\(\``3-@G<0T*96YD<W1R96%M#65N9&]B
M:@TT.2`P(&]B:@T\/"],96YG=&@@,C4Y."]&:6QT97(O1FQA=&5$96-O9&4O
M3B`S+T%L=&5R;F%T92]$979I8V521T(^/G-T<F5A;0T*:-Z<EG=45-<6A\^]
M=WJAS3#2&7J3+C"`]"X@'011&&8&&,H`PPQ-;(BH0$01$0%%D*"``:.A2*R(
M8B$HJ&`/2!!08C"*J*AD1M9*?'EY[^7E]\>]W]IG[W/WV7N?M2X`)$\?+B\%
ME@(@F2?@!WHXTU>%1]"Q_0`&>(`!I@`P6>FIOD'NP4`D+S<7>KK("?R+W@P!
M2/R^9>CI3Z>#_T_2K%2^``#(7\3F;$XZ2\3Y(D[*%*2*[3,BIL8DBAE&B9DO
M2E#$<F*.6^2EGWT6V5',[&0>6\3BG%/9R6PQ]XAX>X:0(V+$1\0%&5Q.IHAO
MBU@S29C,%?%;<6PRAYD.`(HDM@LXK'@1FXB8Q`\.=!'Q<@!PI+@O..8+%G"R
M!.)#N:2D9O.Y<?$"NBY+CVYJ;<V@>W(RDS@"@:$_DY7(Y+/I+BG)J4Q>-@"+
M9_XL&7%MZ:(B6YI:6UH:FAF9?E&H_[KX-R7N[2*]"OC<,XC6]X?MK_Q2Z@!@
MS(IJL^L/6\Q^`#JV`B!W_P^;YB$`)$5]:[_QQ7EHXGF)%PA2;8R-,S,SC;@<
MEI&XH+_K?SK\#7WQ/2/Q=K^7A^[*B64*DP1T<=U8*4DI0CX]/97)XM`-_SS$
M_SCPK_-8&LB)Y?`Y/%%$J&C*N+PX4;MY;*Z`F\*C<WG_J8G_,.Q/6IQKD2CU
MGP`UR@A(W:`"Y.<^@*(0`1)Y4-SUW_OF@P\%XIL7ICJQ./>?!?W[KG")^)'.
MC?L<YQ(83&<)^1F+:^)K"="``"0!%<@#%:`!=($A,`-6P!8X`C>P`OB!8!`.
MU@(6B`?)@`\R02[8#`I`$=@%]H)*4`/J02-H`2=`!S@-+H#+X#JX">Z`!V`$
MC(/G8`:\`?,0!&$A,D2!Y"%52`LR@,P@!F0/N4$^4"`4#D5#<1`/$D*YT!:H
M""J%*J%:J!'Z%CH%78"N0@/0/6@4FH)^A=[#"$R"J;`RK`T;PPS8"?:&@^$U
M<!R<!N?`^?!.N`*N@X_![?`%^#I\!QZ!G\.S"$"("`U10PP1!N*"^"$12"S"
M1S8@A4@Y4H>T(%U(+W(+&4&FD7<H#(J"HJ,,4;8H3U0(BH5*0VU`%:,J44=1
M[:@>U"W4*&H&]0E-1BNA#=`V:"_T*G0<.A-=@"Y'-Z#;T)?0=]#CZ#<8#(:&
MT<%883PQX9@$S#I,,>8`IA5S'C.`&</,8K%8>:P!U@[KAV5B!=@"['[L,>PY
M["!V'/L61\2IXLQP[K@('`^7ARO'->'.X@9Q$[AYO!1>"V^#]\.S\=GX$GP]
MO@M_`S^.GR=($W0(=H1@0@)A,Z&"T$*X1'A(>$4D$M6)UL0`(I>XB5A!/$Z\
M0APEOB/)D/1)+J1(DI"TDW2$=)YTC_2*3"9KDQW)$60!>2>YD7R1_)C\5H(B
M823A)<&6V"A1)=$N,2CQ0A(OJ27I)+E6,D>R7/*DY`W):2F\E+:4BQ13:H-4
ME=0IJ6&I66F*M*FTGW2R=+%TD_15Z4D9K(RVC)L,6R9?YK#,19DQ"D+1H+A0
M6)0ME'K*)<HX%4/5H7I1$ZA%U&^H_=0961G99;*ALEFR5;)G9$=H"$V;YD5+
MHI703M"&:.^7*"]Q6L)9LF-)RY+!)7-RBG*.<ARY0KE6N3MR[^7I\F[RB?*[
MY3OD'RF@%/05`A0R%0XJ7%*85J0JVBJR%`L53RC>5X*5])4"E=8I'5;J4YI5
M5E'V4$Y5WJ]\47E:A:;BJ)*@4J9R5F5*E:)JK\I5+5,]I_J,+DMWHB?1*^@]
M]!DU)35/-:%:K5J_VKRZCGJ(>IYZJ_HC#8(&0R-6HTRC6V-&4U735S-7LUGS
MOA9>BZ$5K[5/JU=K3EM'.TQ[FW:']J2.G(Z73HY.L\Y#7;*N@VZ:;IWN;3V,
M'D,O4>^`WDU]6-]"/UZ_2O^&`6Q@:<`U.&`PL!2]U'HI;VG=TF%#DJ&3889A
ML^&H$<W(QRC/J,/HA;&F<83Q;N->XT\F%B9))O4F#TQE3%>8YIEVF?YJIF_&
M,JLRNVU.-G<WWVC>:?YRF<$RSK*#R^Y:4"Q\+;99=%M\M+2RY%NV6$Y9:5I%
M6U5;#3.H#']&,>.*-=K:V7JC]6GK=S:6-@*;$S:_V!K:)MHVV4XNUUG.65Z_
M?,Q.W8YI5VLW8D^WC[8_9#_BH.;`=*AS>.*HX<AV;'"<<-)S2G`ZYO3"V<29
M[]SF/.=BX[+>Y;PKXNKA6NC:[R;C%N)6Z?;87=T]SKW9?<;#PF.=QWE/M*>W
MYV[/82]E+Y97H]?,"JL5ZU?T>).\@[PKO9_XZ/OP?;I\8=\5OGM\'Z[46LE;
MV>$'_+S\]O@]\M?Q3_/_/@`3X!]0%?`TT#0P-[`WB!(4%=04]";8.;@D^$&(
M;H@PI#M4,C0RM#%T+LPUK#1L9)7QJO6KKH<KA'/#.R.P$:$1#1&SJ]U6[UT]
M'FD161`YM$9G3=::JVL5UB:M/1,E&<6,.AF-C@Z+;HK^P/1CUC%G8[QBJF-F
M6"ZL?:SG;$=V&7N*8\<IY4S$VL66QD[&V<7MB9N*=X@OCY_FNG`KN2\3/!-J
M$N82_1*/)"XDA26U)N.2HY-/\61XB;R>%)64K)2!5(/4@M21-)NTO6DS?&]^
M0SJ4OB:]4T`5_4SU"76%6X6C&?8951EO,T,S3V9)9_&R^K+ULW=D3^2XYWR]
M#K6.M:X[5RUW<^[H>J?UM1N@#3$;NC=J;,S?.+[)8]/1S83-B9M_R#/)*\U[
MO25L2U>^<OZF_+&M'EN;"R0*^`7#VVRWU6Q';>=N[]]AOF/_CD^%[,)K129%
MY44?BEG%U[XR_:KBJX6=L3O[2RQ+#N["[.+M&MKML/MHJ71I3NG8'M\][67T
MLL*RUWNC]EXM7U9>LX^P3[AOI,*GHG._YOY=^S]4QE?>J7*N:JU6JMY1/7>`
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M>A^[/GE_>KB0O+#PFP`#`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#34P(#`@
M;V)J#3P\+U-T96U6(#@R+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04TU4+T9O
M;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#0P,"]&;&%G<R`S-"]$97-C
M96YT("TR,38O1F]N=$)";WA;+34V."`M,S`W(#(P,#`@,3`P-UTO07-C96YT
M(#@Y,2]&;VYT1F%M:6QY*%1I;65S($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U
M-B]82&5I9VAT("TU-#8O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L
M92`P/CX-96YD;V)J#34Q(#`@;V)J#3P\+U-T96U6(#$S-B]&;VYT3F%M92]4
M:6UE<TYE=U)O;6%N4%,M0F]L9$U4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT
M5V5I9VAT(#<P,"]&;&%G<R`S-"]$97-C96YT("TR,38O1F]N=$)";WA;+34U
M."`M,S`W(#(P,#`@,3`R-ETO07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S
M($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&
M;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-96YD;V)J#34R(#`@;V)J
M#3P\+T]032`Q+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!
M(&9A;'-E+U--(#`N,#(^/@UE;F1O8FH-,2`P(&]B:@T\/"]&:7)S="`R-C8O
M3&5N9W1H(#8W,2]&:6QT97(O1FQA=&5$96-O9&4O3B`S-2]4>7!E+T]B:E-T
M;3X^<W1R96%M#0IXVM2434\;,1"&^U/FV!Y:KSW>+PDAA4"D*!`0&]0#ZF$)
M)ETU[*Z<307_OJ_MAD`K47RHJDK93&;RSC/CL;TY)5203!(JB66.7\2<D924
MIC"*TJ(DR90C(C45K$FF5*;(<2J-*))DB3!"BO$%O2HEJ01YG)*"A/.2E`)`
M,>$C=9:3<B1050J;0@=>6D('7J8U*5<"Q15X.<HR>'GNND0I)#-X108?O!*M
MN<[*%#Y020(_@]7P42I!?VA-288/I"PTZ00M(8@E*%4P'1R(&4:1T*6XJ*UI
MAX4U!E-Y&9B;AV%F'DF*RVYMSNK>3<Q)%H^]$=5@MTNON^RZ08S7]6;C-=)I
M#@]=C6L,#HZ;FS=%,+Z0&YHW,A@5#`>C@TF#"105*"I05*!PH'"@<*!PH'"@
M<*!PH'"@<*!PH.A`T9[R15R0%XE*5&8YB-.Z7;T_F7^\JMY]\`N;;^\WUXD[
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MTOKI+?*4-,.;Z,]:_K6`>G/2C#A"JR.T:<0BLPAN'J$M(GHH([@RB1'+&+&*
M.1L<(]8QXIC=DUF,.(\1QVR@+"/$*N8.*ADC?LL.ZM]N++\Y"^*8K52O;^4/
M`08`^)Z*_`T*96YD<W1R96%M#65N9&]B:@TR(#`@;V)J#3P\+TYU;7-;,"`S
M(#`@4ET^/@UE;F1O8FH-,R`P(&]B:@T\/"]3+T0^/@UE;F1O8FH--"`P(&]B
M:@T\/"]#;W5N="`Q+U1Y<&4O4&%G97,O2VED<ULT-"`P(%)=/CX-96YD;V)J
M#34@,"!O8FH-/#PO4W5B='EP92]834PO3&5N9W1H(#,Y.#@O5'EP92]-971A
M9&%T83X^<W1R96%M#0H\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-
M<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/@H\>#IX;7!M971A('AM;&YS.G@](F%D
M;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2)!9&]B92!835`@0V]R92`T+C`M8S,Q
M-B`T-"XR-3,Y,C$L(%-U;B!/8W0@,#$@,C`P-B`Q-SHQ-#HS.2(^"B`@(#QR
M9&8Z4D1&('AM;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R
M,BUR9&8M<WEN=&%X+6YS(R(^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F
M.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D
M;V)E+F-O;2]P9&8O,2XS+R(^"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R
M;V)A="!$:7-T:6QL97(@."XQ+C`@*%=I;F1O=W,I/"]P9&8Z4')O9'5C97(^
M"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T
M:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&9X/2)H='1P
M.B\O;G,N861O8F4N8V]M+W!D9G@O,2XS+R(^"B`@("`@("`@(#QP9&9X.D-O
M;7!A;GD^4T5#/"]P9&9X.D-O;7!A;GD^"B`@("`@("`@(#QP9&9X.E-O=7)C
M94UO9&EF:65D/D0Z,C`P.3`Q,C<R,#,V,S`\+W!D9G@Z4V]U<F-E36]D:69I
M960^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R
M:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIX87`](FAT
M='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/@H@("`@("`@("`\>&%P.D-R
M96%T;W)4;V]L/D%C<F]B870@4$1&36%K97(@."XQ(&9O<B!7;W)D/"]X87`Z
M0W)E871O<E1O;VP^"B`@("`@("`@(#QX87`Z36]D:69Y1&%T93XR,#`Y+3`Q
M+3(W5#$U.C0Q.C4U+3`U.C`P/"]X87`Z36]D:69Y1&%T93X*("`@("`@("`@
M/'AA<#I#<F5A=&5$871E/C(P,#DM,#$M,C=4,34Z-#$Z-#DM,#4Z,#`\+WAA
M<#I#<F5A=&5$871E/@H@("`@("`@("`\>&%P.DUE=&%D871A1&%T93XR,#`Y
M+3`Q+3(W5#$U.C0Q.C4U+3`U.C`P/"]X87`Z365T861A=&%$871E/@H@("`@
M("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R
M9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z>&%P34T](FAT='`Z+R]N
M<RYA9&]B92YC;VTO>&%P+S$N,"]M;2\B/@H@("`@("`@("`\>&%P34TZ1&]C
M=6UE;G1)1#YU=6ED.F8W,68S-C5D+3=E8S,M-#DP9"TX934T+3-E-#-D-C5A
M864R8CPO>&%P34TZ1&]C=6UE;G1)1#X*("`@("`@("`@/'AA<$U-.DEN<W1A
M;F-E240^=75I9#HU-61A8C)C-BUE930W+30Y,#`M83(S.2TS-#ED8C8Q,68X
M-C8\+WAA<$U-.DEN<W1A;F-E240^"B`@("`@("`@(#QX87!-33IS=6)J96-T
M/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL
M:3XS/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@
M/"]X87!-33IS=6)J96-T/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@
M("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@
M>&UL;G,Z9&,](FAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT<R\Q+C$O(CX*
M("`@("`@("`@/&1C.F9O<FUA=#YA<'!L:6-A=&EO;B]P9&8\+V1C.F9O<FUA
M=#X*("`@("`@("`@/&1C.F-R96%T;W(^"B`@("`@("`@("`@(#QR9&8Z4V5Q
M/@H@("`@("`@("`@("`@("`\<F1F.FQI/G)E:61K/"]R9&8Z;&D^"B`@("`@
M("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]D8SIC<F5A=&]R/@H@("`@
M("`@("`\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;65T83X*
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`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^#0IE
M;F1S=')E86T-96YD;V)J#38@,"!O8FH-/#PO0W)E871I;VY$871E*$0Z,C`P
M.3`Q,C<Q-30Q-#DM,#4G,#`G*2]!=71H;W(H<F5I9&LI+T-R96%T;W(H06-R
M;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B870@
M1&ES=&EL;&5R(#@N,2XP(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P.3`Q
M,C<Q-30Q-34M,#4G,#`G*2]#;VUP86YY*%-%0RDO4V]U<F-E36]D:69I960H
M1#HR,#`Y,#$R-S(P,S8S,"DO5&ET;&4H*3X^#65N9&]B:@UX<F5F#0HP(#0R
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#8Y,#D@,#`P,#`@;@T*,#`P
M,#`P-S8W-B`P,#`P,"!N#0HP,#`P,#`W-S$P(#`P,#`P(&X-"C`P,#`P,#<W
M,S0@,#`P,#`@;@T*,#`P,#`P-S<X-B`P,#`P,"!N#0HP,#`P,#$Q.#4Q(#`P
M,#`P(&X-"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#0IT<F%I;&5R#0H\/"]3
A:7IE(#0R/CX-"G-T87)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----