-----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,
 BXlPnw2JjNOYoS3dycuzyKvjktrBwvylesl9ib9zzi/WZnGJhlAtWm4gg4PBi8Px
 ZTFWSfk/w54DSAn4Zdi/lw==

<SEC-DOCUMENT>0000000000-08-051282.txt : 20081202
<SEC-HEADER>0000000000-08-051282.hdr.sgml : 20081202
<ACCEPTANCE-DATETIME>20081010185019
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-08-051282
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20081010

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Digimarc CORP
		CENTRAL INDEX KEY:			0001438231
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				262828185
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		9405 SW GEMINI DRIVE
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97008
		BUSINESS PHONE:		503-469-4618

	MAIL ADDRESS:	
		STREET 1:		9405 SW GEMINI DRIVE
		CITY:			BEAVERTON
		STATE:			OR
		ZIP:			97008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DMRC CORP
		DATE OF NAME CHANGE:	20080620
PUBLIC REFERENCE ACCESSION NUMBER:		0001047469-08-010750
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"CD@,"!O8FH@/#PO3&EN96%R:7IE9"`Q+TP@,3(R
M,3DO3R`Q,2]%(#8Y.#`O3B`R+U0@,3$Y.3,O2"!;(#4Y-B`Q.3)=/CX-96YD
M;V)J#2`@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HY(#$U#0HP,#`P,#`P
M,#$V(#`P,#`P(&X-"C`P,#`P,#`W.#@@,#`P,#`@;@T*,#`P,#`P,#@V-2`P
M,#`P,"!N#0HP,#`P,#`P.3DS(#`P,#`P(&X-"C`P,#`P,#$Q,C4@,#`P,#`@
M;@T*,#`P,#`P,34Y,"`P,#`P,"!N#0HP,#`P,#`Q.3@X(#`P,#`P(&X-"C`P
M,#`P,#(P,C(@,#`P,#`@;@T*,#`P,#`P,C(V-"`P,#`P,"!N#0HP,#`P,#`R
M,S0P(#`P,#`P(&X-"C`P,#`P,#,V.30@,#`P,#`@;@T*,#`P,#`P,S@T,B`P
M,#`P,"!N#0HP,#`P,#`T,#8S(#`P,#`P(&X-"C`P,#`P,#8W,S(@,#`P,#`@
M;@T*,#`P,#`P,#4Y-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE(#(T+U!R
M978@,3$Y.#,O4F]O="`Q,"`P(%(O26YF;R`X(#`@4B])1%L\140S-#(S0C@P
M,#0P0D,U0D$Q.38R0S`T0C@R1C8S-D(^/$(X-#(S-3@Y1C)$.40R-#0Y0D0U
M,D8S,#<V,$$V,S-%/ET^/@T*<W1A<G1X<F5F#0HP#0HE)45/1@T*("`@("`@
M("`@("`@("`@#0HR,R`P(&]B:CP\+TQE;F=T:"`Q,#8O1FEL=&5R+T9L871E
M1&5C;V1E+TD@,3(R+TP@,3`V+U,@-C(^/G-T<F5A;0T*>-IB8&!@9F!@6LC`
M`F3\9.!E0`!>H!@(<DR8'\#`T`X2<E6;L0"HSH*!0;`!)(@$>*"8@4&)@8?U
M09+4QQP&A@M,2S78%78OV7`-+`.T0ZX62#,!,=`,!@X&!EUY(,T(Q!\``@P`
M-`@1!@T*96YD<W1R96%M#65N9&]B:@TQ,"`P(&]B:CP\+TUE=&%D871A(#<@
M,"!2+U!A9V5S(#8@,"!2+U1Y<&4O0V%T86QO9R]086=E3&%B96QS(#0@,"!2
M/CX-96YD;V)J#3$Q(#`@;V)J/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R
M96YT(#8@,"!2+T-O;G1E;G1S(#$X(#`@4B]2;W1A=&4@,"]-961I84)O>%LP
M(#`@-C$R(#<Y,ETO4F5S;W5R8V5S(#$R(#`@4B]4>7!E+U!A9V4^/@UE;F1O
M8FH-,3(@,"!O8FH\/"]#;VQO<E-P86-E/#PO0W,V(#$U(#`@4CX^+T9O;G0\
M/"]45#(@,3,@,"!2+U14-"`Q-"`P(%(O5%0V(#$Y(#`@4CX^+U!R;V-3971;
M+U!$1B]497AT72]%>'1'4W1A=&4\/"]'4S$@,3<@,"!2/CX^/@UE;F1O8FH-
M,3,@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C<FEP=&]R(#$V
M(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P(#`@,"`P(#,S
M,R`S,S,@-3`P(#`@,C4P(#,S,R`R-3`@,C<X(#4P,"`U,#`@-3`P(#4P,"`U
M,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`R-S@@,"`P(#`@,"`P(#`@-S(R(#8V
M-R`V-C<@-S(R(#8Q,2`U-38@-S(R(#`@,S,S(#,X.2`W,C(@-C$Q(#@X.2`W
M,C(@-S(R(#4U-B`P(#8V-R`U-38@-C$Q(#`@-S(R(#DT-"`P(#<R,B`P(#`@
M,"`P(#`@,"`P(#0T-"`U,#`@-#0T(#4P,"`T-#0@,S,S(#4P,"`U,#`@,C<X
M(#(W."`U,#`@,C<X(#<W."`U,#`@-3`P(#4P,"`U,#`@,S,S(#,X.2`R-S@@
M-3`P(#4P,"`W,C(@-3`P(#4P,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3
M350O1FER<W1#:&%R(#,R+T5N8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E
M+T9O;G0^/@UE;F1O8FH-,30@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O
M;G1$97-C<FEP=&]R(#(R(#`@4B],87-T0VAA<B`Q,38O5VED=&AS6S(U,"`P
M(#`@,"`P(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P
M,"`U,#`@-3`P(#`@,"`P(#4P,"`P(#,S,R`P(#`@,"`P(#`@,"`W,C(@,"`W
M,C(@-S(R(#`@-C$Q(#`@,"`P(#`@,"`P(#`@-S(R(#<W."`P(#`@-S(R(#4U
M-B`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#4P,"`U-38@-#0T(#4U-B`T
M-#0@,"`U,#`@,"`R-S@@,"`P(#(W."`X,S,@-34V(#4P,"`U-38@,"`T-#0@
M,S@Y(#,S,UTO0F%S949O;G0O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&:7)S
M=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^
M#65N9&]B:@TQ-2`P(&]B:ELO24-#0F%S960@,C$@,"!270UE;F1O8FH-,38@
M,"!O8FH\/"]3=&5M5B`X,B]&;VYT3F%M92]4:6UE<TYE=U)O;6%N4%--5"]&
M;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`T,#`O1FQA9W,@,S0O1&5S
M8V5N="`M,C$V+T9O;G1"0F]X6RTU-C@@+3,P-R`R,#`P(#$P,#==+T%S8V5N
M="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V
M-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG
M;&4@,#X^#65N9&]B:@TQ-R`P(&]B:CP\+T]032`Q+T]0(&9A;'-E+V]P(&9A
M;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E+U--(#`N,#(^/@UE;F1O8FH-
M,3@@,"!O8FH\/"],96YG=&@@,3(X-"]&:6QT97(O1FQA=&5$96-O9&4^/G-T
M<F5A;0T*2(F,5MMNXS80??=7S*.\B!7=9>U;KHMMD611&RV*H`^,1%O<542#
MI.W-WW>&E"-9L;M%$%N7N9PY<V;HRR^+$-9Z<KV<7"Z7$82P7$W""`+\PZ\B
M@#R8^WD$R]?)Y8W.H-3V70"Z;"<!+$OZV$\\F"Z_X^4L],,LA>5M]V3YZ<1%
MX`=!D)'O['")$1Z8:&!AY`:2-`O?;4<IHF20PWHG?:#$VCV51KYP!6%P`5$0
MS,D-BTM<<9E?Y"GB)_=1[)Z!61Q8LQ/EV$1IGS.U_M=J6W*X93NACPSCWC`F
MPV?OIF9"O4[G?NBQ%EA;P4TM^`KN?O)R:\2.P]-J)4K$/_UG^1L%(O<P&43*
M7:1;L184*/78%%^DGBKA1JJ-5,P(V8[\Y[U_Y/R+!,$O_IH6'GSA&,@3TUGD
MM0)N%<$8NG?HO6O.=EP9V5[`D^)K3%+DR/"Y9O6L.V7,B4D')R+3R,^SI$,#
M?_#I+/43[_-TEOD1!@B3/'!%,JQL&N59Z@WJL_@&HDW]J#C;UP[&S%D1EOR`
M)2BRD8(0##*19\'[]]4K;RO\-_`H?4C`2(2[%MIT5"\,,]R^QYM[J5Y1?,<$
M%F/)?$QR+QI>P4&]D1/O*,J\HRVE*QL$R,VR$W@$SET%03B+D_#@W]/D&I&F
MIW@*QJ/U849O.5/PH'RG],_G^GYN3&S-<8I]1-7YL<=)M[D'-:H*%-\)OD<&
MWN16`2-EHT5;X1-BU-X2K30RUL'4'%:R:>1>M&LHI3/I_%SDUF@?WBD\#,]H
MC@A+ZM53<N"*@V@K46(_JPO84Q;1_B!,H&NY;2J+4W.'LI+EUHT@]5ZT^%)O
M9(NO42&(3_/CY!\)^0_8O>L9>J/12'L+7"%*F#=XVK=<Z5IL0*[@!B>6(;9K
MWO*5H``X!>'[$CR#2["F"V,9?V`M6_,1R@O8X$,H4HOT;CG!\R).<Q_5$F>%
MCSLG\#.,&2(ODQ4=,OW1DJ36($[G/FGY]4.5M(/SXN2)$OK=6&>=J/U#->-%
M'OG1L,YSS>=N@4(K#76<&=?>83==HU*O:[=SP*:G1#$9-]P8G-N*E`,+OC'<
MF=JCJ!A.\]$Q64FN*2^("C4D5F]6UQOD'3/#OI874`G%2].\@516G.[NPDT!
M/M,U0]GNI*$Y&`IDL/.[=8&MO+11=EP;PI>Y4A(J92/WB'4O3&TKQRR=C%T&
M#35'_;^\P>^RQ:%HQ/<?'+[5HA$;?:SS\>)X]NX:#*?0#W]`//I_HKR_-9QI
M&OL5)GTG./'<IT65$:JP.,GPU7:]U0:BN6-V,.;/WE6C);*FRT9JMR=856$!
M&B--8]HXIRKX`)%T;\4@S'%Y15]>X<I3'(\EHY'8E=M5N>=.!CPEF:JH,<)0
M>GNTZT-/)5UNE&A+L<%YJV53T<#AL&ZV+XTH?[6ZCO:/!E></49L%ZGRQ=V-
M+01CTNTCQT_5X!/M:B/IL!W^]F(O>(Y(9]53^;5%REMND-^O]`Y_W[B2['+L
MYX6\NC6-<Q0%LWO<S<KM:&P$%O=&9X?;YWWX6UYRUW`:DSBTS<S?5W"'\7]U
MJV85XAG$7BO.2"\8HD40.SM5)2WJ`\^,.@*G,6#!?_=+7],![\K_A1(ZGC\(
MP49P#P@"M8213`^1W<Z!%YR)RB7J!+Q5MBU]74X:N`[ZMHVS':9A%@^/]-&"
M#6-:COU[NROI[2=P?W8+CZT&`7#A_RO``!EC33T*#0IE;F1S=')E86T-96YD
M;V)J#3$Y(#`@;V)J/#PO4W5B='EP92]4<G5E5'EP92]&;VYT1&5S8W)I<'1O
M<B`R,"`P(%(O3&%S=$-H87(@,S(O5VED=&AS6S(W.%TO0F%S949O;G0O07)I
M86Q-5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y
M<&4O1F]N=#X^#65N9&]B:@TR,"`P(&]B:CP\+U-T96U6(#@X+T9O;G1.86UE
M+T%R:6%L350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-#`P+T9L
M86=S(#,R+T1E<V-E;G0@+3(Q,2]&;VYT0D)O>%LM-C8U("TS,C4@,C`P,"`Q
M,#`V72]!<V-E;G0@.3`U+T9O;G1&86UI;'DH07)I86PI+T-A<$AE:6=H="`W
M,3@O6$AE:6=H="`U,34O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L
M92`P/CX-96YD;V)J#3(Q(#`@;V)J/#PO3&5N9W1H(#(U-S4O1FEL=&5R+T9L
M871E1&5C;V1E+TX@,R]!;'1E<FYA=&4O1&5V:6-E4D="/CYS=')E86T-"DB)
MG)9Y5%-W%L=_;\F>D)6PPV,-6X"P!I`U;&&1'011"$D(`1)"2-@%040%%$5$
MA*J5,M9M=$9/19TNKF.M#M9]ZM(#]3#JZ#BT%M>.G1<X1YU.9Z;3[Q_O]SGW
M=^_OW=^]]YWS`*`GI:JUU3`+`(W6H,]*C,46%11BI`D``PH@`A$`,GFM+BT[
M(0?@DL9+L%K<"?R+GEX'D&F](DS*P##P_XDMU^D-`$`9.`<HE+5RG#MQKJHW
MZ$SV&9QYI94FAE$3Z_$$<;8TL6J>O>=\YCG:Q`J-5H&S*6>=0J,P\6F<5]<9
ME3@CJ3AWU:F5]3A?Q=FERJA1X_S<%*M1RFH!0.DFNT$I+\?9#V>Z/B=+@O,"
M`,ATU3M<^@X;E`T&TZ4DU;I&O5I5;L#<Y1Z8*#14C"4IZZN4!H,P0R:OE.D5
MF*1:HY-I&P&8O_.<.*;:8GB1@T6AP<%"?Q_1.X7ZKYN_4*;>SM.3S+F>0?P+
M;VT_YU<]"H!X%J_-^K>VTBT`C*\$P/+F6YO+^P`P\;X=OOC.??BF>2DW&'1A
MOK[U]?4^:J7<QU30-_J?#K]`[[S/QW3<F_)@<<HRF;'*@)GJ)J^NJC;JL5J=
M3*[$A#\=XE\=^/-Y>&<IRY1ZI1:/R,.G3*U5X>W6*M0&=;464VO_4Q-_9=A/
M-#_7N+ACKP&OV`>P+O(`\K<+`.72`%*T#=^!WO0ME9(',O`UW^'>_-S/"?KW
M4^$^TZ-6K9J+DV3E8'*COFY^S_19`@*@`B;@`2M@#YR!.Q`"?Q`"PD$TB`?)
M(!WD@`*P%,A!.=``/:@'+:`==($>L!YL`L-@.Q@#N\%^<!",@X_!"?!'<!Y\
M":Z!6V`23(.'8`8\!:\@"")!#(@+64$.D"OD!?E#8B@2BH=2H2RH`"J!5)`6
M,D(MT`JH!^J'AJ$=T&[H]]!1Z`1T#KH$?05-00^@[Z"7,`+381YL![O!OK`8
MCH%3X!QX":R":^`FN!->!P_!H_`^^#!\`CX/7X,GX8?P+`(0&L)''!$A(D8D
M2#I2B)0A>J05Z48&D5%D/W(,.8M<02:11\@+E(AR40P5HN%H$IJ+RM$:M!7M
M18?17>AA]#1Z!9U"9]#7!`;!EN!%""-("8L(*D(]H8LP2-A)^(APAG"-,$UX
M2B02^40!,8281"P@5A";B;W$K<0#Q./$2\2[Q%D2B61%\B)%D-)),I*!U$7:
M0MI'^HQTF31->DZFD1W(_N0$<B%92^X@#Y+WD#\E7R;?([^BL"BNE#!*.D5!
M::3T4<8HQR@7*=.45U0V54"-H.90*ZCMU"'J?NH9ZFWJ$QJ-YD0+I672U+3E
MM"':[VB?TZ9H+^@<NB==0B^B&^GKZ!_2C]._HC]A,!ANC&A&(</`6,?8S3C%
M^)KQW(QKYF,F-5.8M9F-F!TVNVSVF$EANC)CF$N93<Q!YB'F1>8C%H7EQI*P
M9*Q6U@CK*.L&:Y;-98O8Z6P-NY>]AWV.?9]#XKAQXCD*3B?G`\XISETNPG7F
M2KAR[@KN&/<,=YI'Y`EX4EX%KX?W6]X$;\:<8QYHGF?>8#YB_HGY)!_AN_&E
M_"I^'_\@_SK_I86=18R%TF*-Q7Z+RQ;/+&TLHRV5EMV6!RRO6;ZTPJSBK2JM
M-EB-6]VQ1JT]K3.MZZVW69^Q?F3#LPFWD=MTVQRTN6D+VWK:9MDVVWY@>\%V
MUL[>+M%.9[?%[I3=(WN^?;1]A?V`_:?V#QRX#I$.:H<!A\\<_HJ98S%8%3:$
MG<9F'&T=DQR-CCL<)QQ?.0F<<ITZG`XXW7&F.HN=RYP'G$\ZS[@XN*2YM+CL
M=;GI2G$5NY:[;G8]Z_K,3>"6[[;*;=SMOL!2(!4T"?8*;KLSW*/<:]Q'W:]Z
M$#W$'I4>6SV^](0]@SS+/4<\+WK!7L%>:J^M7I>\"=ZAWEKO4>\;0KHP1E@G
MW"N<\N'[I/IT^(S[//9U\2WTW>![UO>U7Y!?E=^8WRT11Y0LZA`=$WWG[^DO
M]Q_QOQK`"$@(:`LX$O!MH%>@,G!;X)^#N$%I0:N"3@;](S@D6!^\/_A!B$M(
M2<A[(3?$/'&&N%?\>2@A-#:T+?3CT!=AP6&&L(-A?P\7AE>&[PF_OT"P0+E@
M;,'="*<(6<2.B,E(++(D\OW(R2C'*%G4:-0WT<[1BNB=T?=B/&(J8O;%/([U
MB]7'?A3[3!(F628Y'H?$)<9UQTW$<^)SXX?COTYP2E`E[$V820Q*;$X\GD1(
M2DG:D'1#:B>52W=+9Y)#DI<EGTZAIV2G#*=\D^J9JD\]E@:G):=M3+N]T'6A
M=N%X.DB7IF],OY,AR*C)^$,F,3,C<R3S+UFBK):LL]G<[.+L/=E/<V)S^G)N
MY;KG&G-/YC'SBO)VYSW+C\OOSY]<Y+MHV:+S!=8%ZH(CA:3"O,*=A;.+XQ=O
M6CQ=%%34571]B6!)PY)S2ZV75BW]I)A9+"L^5$(HR2_94_*#+%TV*ILME9:^
M5SHCE\@WRQ\JHA4#B@?*"&6_\EY91%E_V7U5A&JCZD%Y5/E@^2.U1#VL_K8B
MJ6)[Q;/*],H/*W^LRJ\ZH"%K2C1'M1QMI?9TM7UU0_4EG9>N2S=9$U:SJ69&
MGZ+?60O5+JD]8N#A/U,7C.[&E<:INLBZD;KG]7GUAQK8#=J&"XV>C6L:[S4E
M-/VF&6V6-Y]L<6QI;YE:%K-L1RO46MIZLLVYK;-M>GGB\EWMU/;*]C]U^'7T
M=WR_(G_%L4Z[SN6==U<FKMS;9=:E[[JQ*GS5]M7H:O7JB34!:[:L>=VMZ/ZB
MQZ]GL.>'7GGO%VM%:X?6_KBN;-U$7W#?MO7$]=KUUS=$;=C5S^YOZK^[,6WC
MX0%LH'O@^TW%F\X-!@YNWTS=;-P\.93Z3P"D`5O^F+B9))F0F?R::)K5FT*;
MKYP<G(F<]YUDG=*>0)ZNGQV?BY_ZH&F@V*%'H;:B)J*6HP:C=J/FI%:DQZ4X
MI:FF&J:+IOVG;J?@J%*HQ*DWJ:FJ'*J/JP*K=:OIK%RLT*U$K;BN+:ZAKQ:O
MB[``L'6PZK%@L=:R2[+"LSBSKK0EM)RU$[6*M@&V>;;PMVBWX+A9N-&Y2KG"
MNCNZM;LNNZ>\(;R;O16]C[X*OH2^_[]ZO_7`<,#LP6?!X\)?PMO#6,/4Q%'$
MSL5+Q<C&1L;#QT''O\@]R+S).LFYRCC*M\LVR[;,-<RUS37-M<XVSK;/-\^X
MT#G0NM$\T;[2/]+!TT33QM1)U,O53M71UE76V-=<U^#89-CHV6S9\=IVVOO;
M@-P%W(K=$-V6WAS>HM\IWZ_@-N"]X43AS.)3XMOC8^/KY'/D_.6$Y@WFEN<?
MYZGH,NB\Z4;IT.I;ZN7K<.O[[(;M$>V<[BCNM.]`[\SP6/#E\7+Q__*,\QGS
MI_0T],+U4/7>]FWV^_>*^!GXJ/DX^<?Z5_KG^W?\!_R8_2G]NOY+_MS_;?__
M`@P`]X3S^PH-"F5N9'-T<F5A;0UE;F1O8FH-,C(@,"!O8FH\/"]3=&5M5B`Q
M,S8O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&;VYT4W1R971C
M:"].;W)M86PO1F]N=%=E:6=H="`W,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V
M+T9O;G1"0F]X6RTU-3@@+3,P-R`R,#`P(#$P,C9=+T%S8V5N="`X.3$O1F]N
M=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H
M="`M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N
M9&]B:@TQ(#`@;V)J/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#8@
M,"!2+T-O;G1E;G1S(#,@,"!2+U)O=&%T92`P+TUE9&EA0F]X6S`@,"`V,3(@
M-SDR72]297-O=7)C97,@,B`P(%(O5'EP92]086=E/CX-96YD;V)J#3(@,"!O
M8FH\/"]#;VQO<E-P86-E/#PO0W,V(#$U(#`@4CX^+T9O;G0\/"]45#(@,3,@
M,"!2+U14-B`Q.2`P(%(^/B]0<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E
M/#PO1U,Q(#$W(#`@4CX^/CX-96YD;V)J#3,@,"!O8FH\/"],96YG=&@@-S`T
M+T9I;'1E<B]&;&%T941E8V]D93X^<W1R96%M#0I(B7Q4WV_3,!!^SU]QCPEJ
M/=MUDI:WM07$-,3$(A#:>'`SIPG;8K#3H?[WG.VFZ0]&*]5V???=?9_O[N+#
M+8.UC>9%=%$4'!@45<0X4/SB,J.0"T%R#L5S=+&P&936WU&P91M10BE-H2BC
M<;_]$\5SLRD5+.5+8R$I?D84QHRP#"^7WHZ)R>"2.Y>[>-FLF^=D2M)8)GB1
MQJ:$A3:_M)%=HUM(?A174?$F1!2#N_`1/Y>=7BD#C(Z`4SKU87MK/EAS;WTC
MUPJXMT'.V8XS&NQH^QTRSV:4Y%/'G#H(ZIU[MS.I&,\@RW/"@X<+=T!S$FA^
MUQMP-%F@.8NW4.JVDV4'5[*%;\D,K[0>P6TGJPHNNTZ;5FU'(#NXCSGE]PFD
M*1M/1#J!IH(MXM7R18%LMT&C\>1`[5[A$[%_;Y1UJEHP:BW-0].NH:L19*41
MJM3A(<*O"L_1=I8`?`P16Z4>H-H8]#$@K6UL)]M2C?SET2L.]/H'O/.X(N!F
M\3FQC&.@7B<1@#($DD]6[]&ZVN,QE"M'^9%JK.!RETD'R\8H+`DS@KDT*VDD
M+`@*7.J5'?D''`?/0:GX-(]TDO<".YI*5AV2W6NM/?>]D,2C9H?2GY0,4M]O
M.,E]T]S%X#^W"<]31GC<X$;D9!JW[A\:E^X\Q;/J-\9OAO-3[[$-'J.P#/WB
MXIQG\&HJGQS>#%.1)Q$?>V"_W/09DZ._]T3J<-Z$Y=DM+LD]:'N8)IN>ENQ9
MRUYCG3[!W&"9U;"H&U5!>$<N_J_Y*WU8EF\A&;-T2N,K7;?PA4!1ZUUGVH-B
M1:M`6)G'!AMFH1L%U]<WQP/IO,5ZOZ^-A/>RM+OAUCPI++.43K#,L-3'G`GA
MD=X5D1L@(DM)AA-)I`2G&!8^(C+LTJAR$WH8-CQGSD!D.4G_.:&0&Z&SPP(_
M?GJ,]U>``0`W.F]Z"@T*96YD<W1R96%M#65N9&]B:@TT(#`@;V)J/#PO3G5M
M<ULP(#4@,"!273X^#65N9&]B:@TU(#`@;V)J/#PO4R]$/CX-96YD;V)J#38@
M,"!O8FH\/"]#;W5N="`R+U1Y<&4O4&%G97,O2VED<ULQ,2`P(%(@,2`P(%)=
M/CX-96YD;V)J#3<@,"!O8FH\/"]3=6)T>7!E+UA-3"],96YG=&@@,S4U-R]4
M>7!E+TUE=&%D871A/CYS=')E86T-"CP_>'!A8VME="!B96=I;CTB[[N_(B!I
M9#TB5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED(C\^"CQX.GAM<&UE=&$@>&UL
M;G,Z>#TB861O8F4Z;G,Z;65T82\B('@Z>&UP=&L](C,N,2TW,#$B/@H@("`\
M<F1F.E)$1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O
M,C(M<F1F+7-Y;G1A>"UN<R,B/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D
M9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&8](FAT='`Z+R]N<RYA
M9&]B92YC;VTO<&1F+S$N,R\B/@H@("`@("`@("`\<&1F.E!R;V1U8V5R/D%C
M<F]B870@1&ES=&EL;&5R(#<N,"XU("A7:6YD;W=S*3PO<&1F.E!R;V1U8V5R
M/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP
M=&EO;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z>&%P/2)H='1P
M.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O(CX*("`@("`@("`@/'AA<#I#<F5A
M=&5$871E/C(P,#@M,3`M,3!4,3@Z-#<Z-30M,#0Z,#`\+WAA<#I#<F5A=&5$
M871E/@H@("`@("`@("`\>&%P.D-R96%T;W)4;V]L/E!38W)I<'0U+F1L;"!6
M97)S:6]N(#4N,CPO>&%P.D-R96%T;W)4;V]L/@H@("`@("`@("`\>&%P.DUO
M9&EF>41A=&4^,C`P."TQ,"TQ,%0Q.#HT-SHU-"TP-#HP,#PO>&%P.DUO9&EF
M>41A=&4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E
M<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB
M:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\
M9&,Z9F]R;6%T/F%P<&QI8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@
M("`\9&,Z8W)E871O<CX*("`@("`@("`@("`@/')D9CI397$^"B`@("`@("`@
M("`@("`@(#QR9&8Z;&D^=V]O:CPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D
M9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O<CX*("`@("`@("`@/&1C.G1I
M=&QE/@H@("`@("`@("`@("`\<F1F.D%L=#X*("`@("`@("`@("`@("`@/')D
M9CIL:2!X;6PZ;&%N9STB>"UD969A=6QT(CY-:6-R;W-O9G0@5V]R9"`M($-/
M34U%3E0@3$545$52("T@04U%3D1-14Y4(#0N9&]C/"]R9&8Z;&D^"B`@("`@
M("`@("`@(#PO<F1F.D%L=#X*("`@("`@("`@/"]D8SIT:71L93X*("`@("`@
M/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F
M.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.GAA<$U-/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O;6TO(CX*("`@("`@("`@/'AA<$U-.D1O8W5M
M96YT240^=75I9#IF965D-C1A9BTU8S=F+30Q,S$M860W92TR.#!F.#`R-#-C
M960\+WAA<$U-.D1O8W5M96YT240^"B`@("`@("`@(#QX87!-33I);G-T86YC
M94E$/G5U:60Z9C!D8S$V,#$M,34V-BTT8F4Y+6$R.3(M-S0X,C<U8F0V,S`X
M/"]X87!-33I);G-T86YC94E$/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*
M("`@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T83X*("`@("`@("`@("`@("`@("`@
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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H\/WAP86-K970@96YD/2)W(C\^#0IE;F1S=')E86T-96YD;V)J#3@@
M,"!O8FH\/"]#<F5A=&EO;D1A=&4H1#HR,#`X,3`Q,#$X-#<U-"TP-"<P,"<I
M+T%U=&AO<BAW;V]J*2]#<F5A=&]R*%!38W)I<'0U+F1L;"!697)S:6]N(#4N
M,BDO4')O9'5C97(H06-R;V)A="!$:7-T:6QL97(@-RXP+C4@7"A7:6YD;W=S
M7"DI+TUO9$1A=&4H1#HR,#`X,3`Q,#$X-#<U-"TP-"<P,"<I+U1I=&QE*$UI
M8W)O<V]F="!7;W)D("T@0T]-345.5"!,151415(@+2!!345.1$U%3E0@-"YD
M;V,I/CX-96YD;V)J#7AR968-"C`@.0T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`V.3@P(#`P,#`P(&X-"C`P,#`P,#<Q,#4@,#`P,#`@;@T*,#`P,#`P
M-S(R-2`P,#`P,"!N#0HP,#`P,#`W.3DW(#`P,#`P(&X-"C`P,#`P,#@P,S`@
M,#`P,#`@;@T*,#`P,#`P.#`U,R`P,#`P,"!N#0HP,#`P,#`X,3$P(#`P,#`P
M(&X-"C`P,#`P,3$W-#,@,#`P,#`@;@T*=')A:6QE<@T*/#PO4VEZ92`Y/CX-
8"G-T87)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----