-----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,
 BYacXzdtc3jZ5LZ2LtuWWeIFnAw/0TvnjsEqSTtNaEO+/NHzeDNjZ4cSSMGO4E4W
 7YCX6HddClFZg/RsvrCGmQ==

<SEC-DOCUMENT>0000000000-06-046405.txt : 20060926
<SEC-HEADER>0000000000-06-046405.hdr.sgml : 20060926
<ACCEPTANCE-DATETIME>20060926103548
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-06-046405
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060926

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KHD HUMBOLDT WEDAG INTERNATIONAL LTD.
		CENTRAL INDEX KEY:			0000016859
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				131818111
		STATE OF INCORPORATION:			B0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		UNIT 803, 8/F  DINA HOUSE
		STREET 2:		RUTTONJEE CENTRE 11, DUDDELL STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		852-2537-3613

	MAIL ADDRESS:	
		STREET 1:		UNIT 803, 8/F  DINA HOUSE
		STREET 2:		RUTTONJEE CENTRE 11, DUDDELL STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFC BANCORP LTD
		DATE OF NAME CHANGE:	19970313

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARBATAX INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960603

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NALCAP HOLDINGS INC
		DATE OF NAME CHANGE:	19950725
PUBLIC REFERENCE ACCESSION NUMBER:		0000945234-05-000240
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C0U(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$R
M-S(W+T\@-#<O12`V,3DP+TX@,2]4(#$Q-S@P+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HT-2`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DW(#`P,#`P(&X-"C`P,#`P,#$Q-C(@
M,#`P,#`@;@T*,#`P,#`P,30P-"`P,#`P,"!N#0HP,#`P,#`Q.#0V(#`P,#`P
M(&X-"C`P,#`P,#$X.#`@,#`P,#`@;@T*,#`P,#`P,C@Q,B`P,#`P,"!N#0HP
M,#`P,#`R.3<P(#`P,#`P(&X-"C`P,#`P,#4V,SD@,#`P,#`@;@T*,#`P,#`P
M-3@W,B`P,#`P,"!N#0HP,#`P,#`V,3$T(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#4X+U!R978@,3$W-CDO6%)E9E-T;2`W,S$O4F]O="`T-B`P(%(O26YF;R`V
M(#`@4B])1%L\04$U,4-#-S)#,#A#-C=!045$,C4S,#`R-S,Q-C$R.3<^/#5&
M0C4U0T8V0D,S-T$P-#E!-$,Q,CA%0T%!0S=$,3-&/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C4W(#`@;V)J/#PO3&5N9W1H(#@V+T,@.34O1FEL
M=&5R+T9L871E1&5C;V1E+TD@,3$W+TP@-SDO4R`S.3X^<W1R96%M#0IXVF)@
M8.!D8&"^S0`$PDL84`$3$+,P<!Q@2$`2Y(1B!@8E!AY>QAD,S$WLI[QY"BXP
M+8!IDEH,U6P!Q(P,#.+U$)I9!6X*&P.#CB=$E)$1(,``F$T)>`T*96YD<W1R
M96%M#65N9&]B:@TU-B`P(&]B:CP\+TQE;F=T:"`R,"]&:6QT97(O1FQA=&5$
M96-O9&4O5ULQ(#$@,5TO26YD97A;-R`S.%TO1&5C;V1E4&%R;7,\/"]#;VQU
M;6YS(#,O4')E9&EC=&]R(#$R/CXO4VEZ92`T-2]4>7!E+UA2968^/G-T<F5A
M;0T*>-IB8F)D8&)@8!QL&"#``"01`'4-"F5N9'-T<F5A;0UE;F1O8FH--#8@
M,"!O8FH\/"]-87)K26YF;SP\+TQE='1E<G-P86-E1FQA9W,@,"]-87)K960@
M=')U93X^+TUE=&%D871A(#4@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$1CP\
M+TQA<W1-;V1I9FEE9"A$.C(P,#8P.3(V,3`S,C(P*3X^/CXO4&%G97,@-"`P
M(%(O4&%G94QA>6]U="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@-R`P(%(O
M5'EP92]#871A;&]G+TQA;F<H14XM55,I+TQA<W1-;V1I9FEE9"A$.C(P,#8P
M.3(V,3`S,C(P*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J#30W(#`@;V)J
M/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#0@,"!2+U-T<G5C=%!A
M<F5N=',@,"]#;VYT96YT<R`U,"`P(%(O4F]T871E(#`O365D:6%";WA;,"`P
M(#8Q,B`W.3)=+U)E<V]U<F-E<SP\+T-O;&]R4W!A8V4\/"]#4S`@-#D@,"!2
M/CXO1F]N=#P\+U14,"`T."`P(%(O5%0Q(#4Q(#`@4CX^+U!R;V-3971;+U!$
M1B]497AT72]%>'1'4W1A=&4\/"]'4S`@-34@,"!2/CX^/B]4>7!E+U!A9V4^
M/@UE;F1O8FH--#@@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#4S(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S8P,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@-C`P(#8P,"`V,#`@,"`V,#`@-C`P(#8P,"`V,#`@
M-C`P(#8P,"`V,#`@,"`V,#`@-C`P(#8P,"`P(#`@,"`P(#`@,"`V,#`@-C`P
M(#8P,"`V,#`@-C`P(#8P,"`P(#8P,"`P(#8P,"`V,#`@-C`P(#8P,"`V,#`@
M-C`P(#8P,"`P(#8P,"`V,#`@,"`P(#`@-C`P(#`@-C`P(#`@,"`P(#`@,"`P
M(#`@-C`P(#8P,"`V,#`@-C`P(#8P,"`V,#`@-C`P(#8P,"`V,#`@-C`P(#`@
M-C`P(#8P,"`V,#`@-C`P(#8P,"`P(#8P,"`V,#`@-C`P(#8P,"`V,#`@-C`P
M(#8P,"`V,#!=+T)A<V5&;VYT+T-O=7)I97).97=04TU4+T9I<G-T0VAA<B`S
M,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J
M#30Y(#`@;V)J6R])0T-"87-E9"`U,B`P(%)=#65N9&]B:@TU,"`P(&]B:CP\
M+TQE;F=T:"`X-C,O1FEL=&5R+T9L871E1&5C;V1E/CYS=')E86T-"DB)G%;1
M;MLX$'SW5^QC"S@,29$4510%$CN^:^_<%K&`XAYU,AVSD*6`HMOFOOY64H(Z
M*:DJL6%;(N69U>[.K,X_P]NWY^O%^R50>/?N<KF`V?EB0Z%L<:%[0UO6,P86
MU__`]9MV=IG/SO.<`H-\-SNCA%*60%[BM?GW[@]Y"XQVO_]U2PY/".4]UG"4
M44@9(T)#?IB]6A>V@HUO;B&1BL'K_.OL*I]=K;M`?@;''H)[1$X[VA`\I80)
M*GJ"&"0/0I[<3P!8:4TTI>D`_/#Z5/KF7^.`TSE^J(PQ)L^Z"96F1'(\'KL)
M$80,H2E%F*9J%$U.1I.":$&S433UD@2+A,A^NVL-1V!MRWUA*OA`8'.P?A\C
M2R>'GG#"%!M*^-F9UFY-[>>PV%NS@ZL?ICQZ^\W`I]W.EEC4HM["QI3.^,+=
MQ=CU9'9.B=9L*.IZM8#+HBX;=PM_^RV)H6>3T6E&I&"R1]\<K3>@:3('C7E;
M54WCHO*B4REDI@FG;*C\TM8%_-D<6Q,%#@LW!*P5T8H/E;\^>M_47XV!!1;'
MQ>'#(@[!IQ+5Q(?^QZB6Q^W65)WS.&-\%#\LV1"^$H0+SGK\/NBBPM34-_`7
M?LUA<W'=]Q@F+,85UG+,'J3D)*-<CDJ0A14]KD'L("(5STY,[MJ\@:G=RL*Z
M#Q$EE'">\!.B5>,.Z*%G*]AAM_J]@95M2TSE/Z9P<%5OS1:6IC2'SF\3UONM
MB$8RV10D0U_7B3J-Q%;(=7'K<#RI<5]GD^4O:4H4%>P)#WQL"+`SW,AXE"3L
M`K'V$)DB7(G?C,"P[,?;0VA!,GX_O9==63J?[LWY393H>?-;I#@%M!P???PE
M`UPHCC*5]ZKY8F!?H->7S>&V,A[KW1P=.//-FN_0[."N._W9DMTH<*8JN@MC
M04TV#"$IR=00R,Y6MKYI>X(^H+J!W=%A^[LNM@/:"6YZU(-MP=N#B8J//\]$
M1)(1Q>5ONN0E)B(XS@DM'S\I;6R-(]54=_,H5]@\HO$S13*AV'C\DVU`4(GR
M5..>RB>K/<D$27@ZCA:6]7AR$XW>K]/D47+7A?.VA@_%P;31)]#)<SY)&5$B
M?5(_4UNTY8NVM:TO:G__T'11ELVQ[A=BO$_TST[+>L\\T,J4I/K7C/TOP`!^
M]-&!#0IE;F1S=')E86T-96YD;V)J#34Q(#`@;V)J/#PO4W5B='EP92]4<G5E
M5'EP92]&;VYT1&5S8W)I<'1O<B`U-"`P(%(O3&%S=$-H87(@,S(O5VED=&AS
M6S(U,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3350O1FER<W1#:&%R(#,R
M+T5N8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH-
M-3(@,"!O8FH\/"],96YG=&@@,C4W-2]&:6QT97(O1FQA=&5$96-O9&4O3B`S
M+T%L=&5R;F%T92]$979I8V521T(^/G-T<F5A;0T*2(F<EGE44W<6QW]OR9Z0
ME;##8PU;@+`&D#5L89$=!%$(20@!$D)(V`5!1`44142$JI4RUFUT1D]%G2ZN
M8ZT.UGWJT@/U,.KH.+06UXZ=%SA'G4YGIM/O'^_W.?=W[^_=W[WWG?,`H">E
MJK75,`L`C=:@STJ,Q185%&*D"0`#"B`"$0`R>:TN+3LA!^"2QDNP6MP)_(N>
M7@>0:;TB3,K`,/#_B2W7Z0T`0!DX!RB4M7*<.W&NJC?H3/89G'FEE2:&41/K
M\01QMC2Q:IZ]YWSF.=K$"HU6@;,I9YU"HS#Q:9Q7UQF5.".I.'?5J97U.%_%
MV:7*J%'C_-P4JU'*:@%`Z2:[02DOQ]D/9[H^)TN"\P(`R'35.USZ#AN4#0;3
MI235ND:]6E5NP-SE'I@H-%2,)2GKJY0&@S!#)J^4Z168I%JCDVD;`9B_\YPX
MIMIB>)&#1:'!P4)_']$[A?JOF[]0IM[.TY/,N9Y!_`MO;3_G5ST*@'@6K\WZ
MM[;2+0",KP3`\N9;F\O[`##QOAV^^,Y]^*9Y*3<8=&&^OO7U]3YJI=S'5-`W
M^I\.OT#OO,_'=-R;\F!QRC*9L<J`F>HFKZZJ-NJQ6IU,KL2$/QWB7QWX\WEX
M9RG+E'JE%H_(PZ=,K57A[=8JU`9UM193:_]3$W]EV$\T/]>XN&.O`:_8![`N
M\@#RMPL`Y=(`4K0-WX'>]"V5D@<R\#7?X=[\W,\)^O=3X3[3HU:MFHN39.5@
M<J.^;G[/]%D"`J`")N`!*V`/G($[$`)_$`+"032(!\D@'>2``K`4R$$YT``]
MJ`<MH!UT@1ZP'FP"PV`[&`.[P7YP$(R#C\$)\$=P'GP)KH%;8!),@X=@!CP%
MKR`((D$,B`M900Z0*^0%^4-B*!**AU*A+*@`*H%4D!8R0BW0"J@'ZH>&H1W0
M;NCWT%'H!'0.N@1]!4U!#Z#OH)<P`M-A'FP'N\&^L!B.@5/@''@)K()KX":X
M$UX'#\&C\#[X,'P"/@]?@R?AA_`L`A`:PD<<$2$B1B1(.E*(E"%ZI!7I1@:1
M460_<@PYBUQ!)I%'R`N4B')1#!6BX6@2FHO*T1JT%>U%A]%=Z&'T-'H%G4)G
MT-<$!L&6X$4((T@)BP@J0CVABS!(V$GXB'"&<(TP37A*)!+Y1`$QA)A$+"!6
M$)N)O<2MQ`/$X\1+Q+O$61*)9$7R(D60TDDRDH'41=I"VD?ZC'29-$UZ3J:1
M'<C^Y`1R(5E+[B`/DO>0/R5?)M\COZ*P**Z4,$HZ14%II/11QBC'*!<ITY17
M5#950(V@YE`KJ.W4(>I^ZAGJ;>H3&HWF1`NE9=+4M.6T(=KO:)_3IF@OZ!RZ
M)UU"+Z(;Z>OH']*/T[^B/V$P&&Z,:$8AP\!8Q]C-.,7XFO'<C&OF8R8U4YBU
MF8V8'3:[;/:826&Z,F.82YE-S$'F(>9%YB,6A>7&DK!DK%;6".LHZP9KELUE
MB]CI;`V[E[V'?8Y]GT/BN''B.0I.)^<#SBG.72["=>9*N'+N"NX8]PQWFD?D
M"7A27@6OA_=;W@1OQIQC'FB>9]Y@/F+^B?DD'^&[\:7\*GX?_R#_.O^EA9U%
MC(728HW%?HO+%L\L;2RC+966W98'+*]9OK3"K.*M*JTV6(U;W;%&K3VM,ZWK
MK;=9G[%^9,.S";>1VW3;'+2Y:0O;>MIFV3;;?F![P7;6SMXNT4YGM\7NE-TC
M>[Y]M'V%_8#]I_8/'+@.D0YJAP&'SQS^BIEC,5@5-H2=QF8<;1V3'(V..QPG
M'%\Y"9QRG3J<#CC=<:8ZBYW+G`><3SK/N#BXI+FTN.QUN>E*<16[EKMN=CWK
M^LQ-X);OMLIMW.V^P%(@%30)]@INNS/<H]QKW$?=KWH0/<0>E1Y;/;[TA#V#
M/,L]1SPO>L%>P5YJKZU>E[P)WJ'>6N]1[QM"NC!&6"?<*YSRX?ND^G3XC/L\
M]G7Q+?3=X'O6][5?D%^5WYC?+1%'E"SJ$!T3?>?OZ2_W'_&_&L`(2`AH"S@2
M\&V@5Z`R<%O@GX.X06E!JX).!OTC."18'[P_^$&(2TA)R'LA-\0\<8:X5_QY
M*"$T-K0M]./0%V'!88:P@V%_#Q>&5X;O";^_0+!`N6!LP=T(IPA9Q(Z(R4@L
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MA];^N*YLW41?<-^V]<3UVO77-T1MV-7/[F_JO[LQ;>/A`6R@>^#[3<6;S@T&
M#F[?3-ULW#PYE/I/`*0!6_Z8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY`
MGJZ?'9^+G_J@::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H
M4JC$J3>IJ:H<JH^K`JMUJ^FL7*S0K42MN*XMKJ&O%J^+L`"P=;#JL6"QUK)+
MLL*S.+.NM"6TG+43M8JV`;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]
M%;V/O@J^A+[_OWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_
MR#W(O,DZR;G*.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'3
M1-/&U$G4R]5.U='65=;8UUS7X-ADV.C9;-GQVG;:^]N`W`7<BMT0W9;>'-ZB
MWRG?K^`VX+WA1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJ
MY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[
M]XKX&?BH^3CYQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M__\"#`#WA//["@T*96YD
M<W1R96%M#65N9&]B:@TU,R`P(&]B:CP\+U-T96U6(#0R+T9O;G1.86UE+T-O
M=7)I97).97=04TU4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#0P
M,"]&;&%G<R`S-"]$97-C96YT("TS,#`O1F]N=$)";WA;+3(Q("TV.#`@-C,X
M(#$P,C%=+T%S8V5N="`X,S(O1F]N=$9A;6EL>2A#;W5R:65R($YE=RDO0V%P
M2&5I9VAT(#4W."]82&5I9VAT("TU-S@O5'EP92]&;VYT1&5S8W)I<'1O<B])
M=&%L:6-!;F=L92`P/CX-96YD;V)J#34T(#`@;V)J/#PO4W1E;58@.#(O1F]N
M=$YA;64O5&EM97-.97=2;VUA;E!3350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O
M;G1796EG:'0@-#`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT0D)O>%LM
M-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E;G0@.#DQ+T9O;G1&86UI;'DH5&EM
M97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T-B]4>7!E
M+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH--34@,"!O
M8FH\/"]/4$T@,2]/4"!F86QS92]O<"!F86QS92]4>7!E+T5X=$=3=&%T92]3
M02!F86QS92]332`P+C`R/CX-96YD;V)J#3$@,"!O8FH\/"]&:7)S="`R.3`O
M3&5N9W1H(#<P.2]&:6QT97(O1FQA=&5$96-O9&4O3B`S."]4>7!E+T]B:E-T
M;3X^<W1R96%M#0IXVMR634\;,1"&_\I(O;2'UO;8^R6A2.$C!0$A(JEZ0#TL
MB4E7A-W(.&WY]WUM-R5(/?E8*<G(WG>>F1V_(%<DJ:;:4$/:,"E)NE2D%)5<
MDF*J"ZPT-;(F!5%9D,)',J1X+JN&5`6YQ@(*U6A2V.)"$DLDRHHX`$I#(<5@
MP9`8Y+$!2N-Y0#8%A7IEH8G!J]``@U>5T(%78U.#5]<%:?`:HTDS2DA%&BFR
M".VC%)K10*D*NA(E\3"4X`:Z&J4-=*$T^C)HT>!]#$H5:`IOST6M"&@N(3+@
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MI?YCE'^>Z)I,K!`M<I"H<A,Y-U'G)IK<Q"(WL<Q-K'(3Z]S$)ML`^=;)]H[*
M-H_*=H_*MH_*]H_*-I#*=I#*MI#*]A!G>XCS__]D>XBS/<39'N)L#W&VASC;
M0YSM(<[VD,[VD#[TT/ZV\4:,V\/2CA^\=20_R7@[&6^Z->XUOG5>W.!:]1+N
M+E]=Y[M^?3VLK+ARB_N4>!R:L'\S+W!7Z7U<XD9SL(JPU_5H]%N``0"S<@J_
M#0IE;F1S=')E86T-96YD;V)J#3(@,"!O8FH\/"].=6US6S`@,R`P(%)=/CX-
M96YD;V)J#3,@,"!O8FH\/"]3+T0^/@UE;F1O8FH--"`P(&]B:CP\+T-O=6YT
M(#$O5'EP92]086=E<R]+:61S6S0W(#`@4ET^/@UE;F1O8FH--2`P(&]B:CP\
M+U-U8G1Y<&4O6$U,+TQE;F=T:"`T,S,U+U1Y<&4O365T861A=&$^/G-T<F5A
M;0T*/#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR95-Z
M3E1C>FMC.60B/SX*/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B93IN<SIM971A
M+R(@>#IX;7!T:STB,RXQ+3<P,2(^"B`@(#QR9&8Z4D1&('AM;&YS.G)D9CTB
M:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^
M"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@
M("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O,2XS+R(^
M"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R;V)A="!$:7-T:6QL97(@-RXP
M("A7:6YD;W=S*3PO<&1F.E!R;V1U8V5R/@H@("`@("`\+W)D9CI$97-C<FEP
M=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@
M("`@("`@("`@>&UL;G,Z<&1F>#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&9X
M+S$N,R\B/@H@("`@("`@("`\<&1F>#I#;VUP86YY/E-%0SPO<&1F>#I#;VUP
M86YY/@H@("`@("`@("`\<&1F>#I3;W5R8V5-;V1I9FEE9#Y$.C(P,#8P.3(V
M,30S,34P/"]P9&9X.E-O=7)C94UO9&EF:65D/@H@("`@("`\+W)D9CI$97-C
M<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*
M("`@("`@("`@("`@>&UL;G,Z>&%P/2)H='1P.B\O;G,N861O8F4N8V]M+WAA
M<"\Q+C`O(CX*("`@("`@("`@/'AA<#I#<F5A=&]R5&]O;#Y!8W)O8F%T(%!$
M1DUA:V5R(#<N,"!F;W(@5V]R9#PO>&%P.D-R96%T;W)4;V]L/@H@("`@("`@
M("`\>&%P.DUO9&EF>41A=&4^,C`P-BTP.2TR-E0Q,#HS,CHR,"TP-#HP,#PO
M>&%P.DUO9&EF>41A=&4^"B`@("`@("`@(#QX87`Z0W)E871E1&%T93XR,#`V
M+3`Y+3(V5#$P.C,R.C$P+3`T.C`P/"]X87`Z0W)E871E1&%T93X*("`@("`@
M("`@/'AA<#I-971A9&%T841A=&4^,C`P-BTP.2TR-E0Q,#HS,CHR,"TP-#HP
M,#PO>&%P.DUE=&%D871A1&%T93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^
M"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@
M("`@('AM;&YS.GAA<$U-/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O
M;6TO(CX*("`@("`@("`@/'AA<$U-.D1O8W5M96YT240^=75I9#HR-S@W-6(V
M-BUF,V8U+30Y9C<M.#8X9BUA,F8U9C5D,#DW.3,\+WAA<$U-.D1O8W5M96YT
M240^"B`@("`@("`@(#QX87!-33I);G-T86YC94E$/G5U:60Z,61C,C%B,30M
M,3@Q.2TT83=B+6)E-#0M9&4R,3`P.30V-#$P/"]X87!-33I);G-T86YC94E$
M/@H@("`@("`@("`\>&%P34TZ5F5R<VEO;DE$/@H@("`@("`@("`@("`\<F1F
M.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3XQ/"]R9&8Z;&D^"B`@("`@
M("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]X87!-33I697)S:6]N240^
M"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T
M:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB:'1T<#HO
M+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\9&,Z9F]R
M;6%T/F%P<&QI8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@("`\9&,Z
M=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@("`\
M<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B/DUA:6P@4W1O<"`S-38Q/"]R
M9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.D%L=#X*("`@("`@("`@/"]D8SIT
M:71L93X*("`@("`@("`@/&1C.F-R96%T;W(^"B`@("`@("`@("`@(#QR9&8Z
M4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/G-C:&]L;&@\+W)D9CIL:3X*
M("`@("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@("`@("`\+V1C.F-R96%T;W(^
M"B`@("`@("`@(#QD8SIS=6)J96-T/@H@("`@("`@("`@("`\<F1F.E-E<3X*
M("`@("`@("`@("`@("`@/')D9CIL:2\^"B`@("`@("`@("`@(#PO<F1F.E-E
M<3X*("`@("`@("`@/"]D8SIS=6)J96-T/@H@("`@("`\+W)D9CI$97-C<FEP
M=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@
M("`@("`@("`@>&UL;G,Z<&AO=&]S:&]P/2)H='1P.B\O;G,N861O8F4N8V]M
M+W!H;W1O<VAO<"\Q+C`O(CX*("`@("`@("`@/'!H;W1O<VAO<#IH96%D;&EN
M93X*("`@("`@("`@("`@/')D9CI397$^"B`@("`@("`@("`@("`@(#QR9&8Z
M;&DO/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO<&AO=&]S
M:&]P.FAE861L:6YE/@H@("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R
M9&8Z4D1&/@H\+W@Z>&UP;65T83X*("`@("`@("`@("`@("`@("`@("`@("`@
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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@(`H\
M/WAP86-K970@96YD/2)W(C\^#0IE;F1S=')E86T-96YD;V)J#38@,"!O8FH\
M/"]#<F5A=&EO;D1A=&4H1#HR,#`V,#DR-C$P,S(Q,"TP-"<P,"<I+T%U=&AO
M<BAS8VAO;&QH*2]#<F5A=&]R*$%C<F]B870@4$1&36%K97(@-RXP(&9O<B!7
M;W)D*2]0<F]D=6-E<BA!8W)O8F%T($1I<W1I;&QE<B`W+C`@7"A7:6YD;W=S
M7"DI+TUO9$1A=&4H1#HR,#`V,#DR-C$P,S(R,"TP-"<P,"<I+T-O;7!A;GDH
M4T5#*2]3;W5R8V5-;V1I9FEE9"A$.C(P,#8P.3(V,30S,34P*2]4:71L92A-
M86EL(%-T;W`@,S4V,2D^/@UE;F1O8FH->')E9@T*,"`T-0T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`V,3DP(#`P,#`P(&X-"C`P,#`P,#8Y.30@,#`P
M,#`@;@T*,#`P,#`P-S`R-R`P,#`P,"!N#0HP,#`P,#`W,#4P(#`P,#`P(&X-
M"C`P,#`P,#<Q,#$@,#`P,#`@;@T*,#`P,#`Q,34Q,B`P,#`P,"!N#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P
M,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U
M,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-
M"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P
M,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*=')A:6QE<@T*
E/#PO4VEZ92`T-3X^#0IS=&%R='AR968-"C$Q-@T*)25%3T8-"C\_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----