-----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,
 BlZwdTdCO4PtKD8oYmIzaqx8SfMGq+uIf5Fn8MYVpuootKTWjjGDB+ys3y/bz3RS
 BV5VPoVsapqAMVr80UhNCA==

<SEC-DOCUMENT>0000000000-10-022604.txt : 20100611
<SEC-HEADER>0000000000-10-022604.hdr.sgml : 20100611
<ACCEPTANCE-DATETIME>20100426132909
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-10-022604
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100426

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMC INSURANCE GROUP INC
		CENTRAL INDEX KEY:			0000356130
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				426234555
		STATE OF INCORPORATION:			IA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		717 MULBERRY ST
		CITY:			DES MOINES
		STATE:			IA
		ZIP:			50309
		BUSINESS PHONE:		5153452902

	MAIL ADDRESS:	
		STREET 1:		717 MULBERRY STREET
		CITY:			DES MOINES
		STATE:			IA
		ZIP:			50309
PUBLIC REFERENCE ACCESSION NUMBER:		0001140361-09-006898
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C8@,"!O8FH-/#PO3&EN96%R:7IE9"`Q+TP@,3`R
M-#DO3R`X+T4@-C`X,2].(#$O5"`Q,#`X,R]((%L@-34V(#$V-%T^/@UE;F1O
M8FH-("`@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HV(#$S#0HP,#`P,#`P
M,#$V(#`P,#`P(&X-"C`P,#`P,#`W,C`@,#`P,#`@;@T*,#`P,#`P,#<Y-R`P
M,#`P,"!N#0HP,#`P,#`P.3(T(#`P,#`P(&X-"C`P,#`P,#$P-#4@,#`P,#`@
M;@T*,#`P,#`P,30X.2`P,#`P,"!N#0HP,#`P,#`R,S8Y(#`P,#`P(&X-"C`P
M,#`P,#(T,#0@,#`P,#`@;@T*,#`P,#`P,C@Q.2`P,#`P,"!N#0HP,#`P,#`U
M-3$R(#`P,#`P(&X-"C`P,#`P,#4W-34@,#`P,#`@;@T*,#`P,#`P-C`P-"`P
M,#`P,"!N#0HP,#`P,#`P-34V(#`P,#`P(&X-"G1R86EL97(-"CP\+U-I>F4@
M,3DO4')E=B`Q,#`W,R]2;V]T(#<@,"!2+TEN9F\@-2`P(%(O241;/$$X1$1&
M.#@V-$(U0S`Y.41"-3<R1$$U-T)!0S,U0T4W/CQ&,CDR1C%%1$0X1C4V,#1%
M.3,Q-T%!-$$S.#-$,#%$13Y=/CX-"G-T87)T>')E9@T*,`T*)25%3T8-"B`@
M("`@("`@("`@("`@("`-"C$X(#`@;V)J#3P\+TQE;F=T:"`X,"]&:6QT97(O
M1FQA=&5$96-O9&4O22`Y-B],(#@P+U,@,SD^/G-T<F5A;0T*>-IB8&#@8F!@
MJF0``I$E#*B`"8A9&#@.,!H@"7)!,0.#,@,/ZX$PR<F^#(PURQ0N\"9H@849
M&1C$9:&ZK8"8E8%!]19$G.$V0(`!`+*Y"8\-"F5N9'-T<F5A;0UE;F1O8FH-
M-R`P(&]B:@T\/"]-971A9&%T82`T(#`@4B]086=E<R`S(#`@4B]4>7!E+T-A
M=&%L;V<O4&%G94QA8F5L<R`Q(#`@4CX^#65N9&]B:@TX(#`@;V)J#3P\+T-R
M;W!";WA;,"`P(#8Q,B`W.3)=+U!A<F5N="`S(#`@4B]#;VYT96YT<R`Q,2`P
M(%(O4F]T871E(#`O365D:6%";WA;,"`P(#8Q,B`W.3)=+U)E<V]U<F-E<R`Y
M(#`@4B]4>7!E+U!A9V4^/@UE;F1O8FH-.2`P(&]B:@T\/"]#;VQO<E-P86-E
M/#PO0W,V(#$R(#`@4CX^+T9O;G0\/"]45#(@,3`@,"!2+U14-"`Q,R`P(%(^
M/B]0<F]C4V5T6R]01$8O5&5X=%TO17AT1U-T871E/#PO1U,Q(#$W(#`@4CX^
M/CX-96YD;V)J#3$P(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E
M<V-R:7!T;W(@,34@,"!2+TQA<W1#:&%R(#$R,B]7:61T:'-;,C4P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P,"`U,#`@-3`P(#4P
M,"`U,#`@-3`P(#`@-3`P(#`@-3`P(#(W."`P(#`@,"`P(#`@,"`W,C(@-C8W
M(#8V-R`W,C(@-C$Q(#4U-B`W,C(@,"`S,S,@,"`W,C(@,"`X.#D@,"`W,C(@
M-34V(#`@-C8W(#4U-B`P(#<R,B`W,C(@.30T(#`@,"`P(#`@,"`P(#`@,"`P
M(#0T-"`U,#`@-#0T(#4P,"`T-#0@,S,S(#4P,"`U,#`@,C<X(#`@-3`P(#(W
M."`W-S@@-3`P(#4P,"`U,#`@,"`S,S,@,S@Y(#(W."`U,#`@-3`P(#<R,B`P
M(#4P,"`T-#1=+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T0VAA
M<B`S,B]%;F-O9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD
M;V)J#3$Q(#`@;V)J#3P\+TQE;F=T:"`X,3`O1FEL=&5R+T9L871E1&5C;V1E
M/CYS=')E86T-"FC>M%5-;]LP#+W[5_!H#[4JR=^]]2,INB';T'@=AF`'3U$2
M;XE=R$Z#[M>/DFPG;=.BER5`+,HB]?@>R9Q>3QDL&^<B=T[SG`.#?.$P#A2_
M^,@H)&%(LACRC4-AZ7`2)!'D`HU\Y[@`7OX;UWX`^97>$[C7;3'"(KUK-_(/
M[UH02JF)[W>KG3-S[\H"QH5HRHV7DL`MUQ**:@[?R)3`I"C7X/W,/VIOND=F
M]J=M?0]APBF\\VHV7,VZ_/[KY_Q>(4H>G`"GC&H<IY=-#**Q_$,C*H=G)&9H
M]?QVQ%N2EXYOW[_!]E%*)TI3I_[`B'@1B5RXE;*1`Y'Z9-C[8!T8GZFLREK!
M72DD?%6R*>>R0N?0;5$.LYC#Y:J4"QB755&)LEC#E\4"CZLAL#^PO"=Y-+F$
MFZK9*O21<*WJ[3W:0L-GE-"N&,V*LX3$',(T):RKR8$28AR&TN4</=*#HY80
M'P.EX9XO`XCW@$RF;L(2F&S7OZ12CUA#2LJV)_,8_BO9P*0N*]F<P$V]*U#8
MB`8TZWV>RS:(@QT7VHZS[1)K0#/W5IZ!YS,>T=>H(9;/@R8;LC``$RL81N%)
M1%'><:TV2*'_"1:H8+N2*%$C4)\?LE`PJN9R#E=2R`WF#`'3]8C<O2':$-P=
M8SO.H:YT.8D5,%/,.OD7/?G4!S[7!`#CH2)9%-OS^QED<POW)=UM1,]WCJ3/
M.UDP-5WGIK3/CG=73*+TC>8RKU_KK>#I_?O9D9DHWR6LB@<)HM[<KV6K2=HJ
M4/*AE#NH%_"H35.S$<DP#'TED9E1STM=+:"'D%+WDYE_)GI5PV*K4%&E+]+'
M9-4VEDV?I2;R(4PL[;ZMNRHI6BP(+R:)6S;0XHS-L&"DAS_DV&!],5\XL?\(
MLV%:3CU4F1'NEK@($P1<>49WH>T4;=DOE%D8.PK07O<>C];C1#]P/#T!\@P#
M/VCG'HS!8OK]\.T>XK6.RQ'BUM[3Z'LSM,':M^:]6UMK;A\=V"&KI=WN0@PY
M_>T7%O4A`"UJT`O`4T/HN1#UMFK+:@D7NL]7W1"UZ.UHI]&Q$O6#XTUR4*RC
MW/DGP`#1@,<V"@T*96YD<W1R96%M#65N9&]B:@TQ,B`P(&]B:@U;+TE#0T)A
M<V5D(#$T(#`@4ET-96YD;V)J#3$S(#`@;V)J#3P\+U-U8G1Y<&4O5')U951Y
M<&4O1F]N=$1E<V-R:7!T;W(@,38@,"!2+TQA<W1#:&%R(#$Q-R]7:61T:'-;
M,C4P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P,"`U
M,#`@-3`P(#4P,"`P(#4P,"`U,#`@,"`U,#`@-3`P(#,S,R`P(#`@,"`P(#`@
M,"`P(#`@-S(R(#<R,B`V-C<@-C$Q(#<W."`P(#,X.2`P(#<W."`P(#DT-"`W
M,C(@,"`P(#`@-S(R(#`@,"`P(#`@,"`P(#<R,B`P(#`@,"`P(#`@,"`P(#4P
M,"`U-38@-#0T(#4U-B`T-#0@,S,S(#`@-34V(#(W."`P(#`@,C<X(#@S,R`U
M-38@-3`P(#4U-B`P(#0T-"`S.#D@,S,S(#4U-ETO0F%S949O;G0O5&EM97-.
M97=2;VUA;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS
M:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TQ-"`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$U(#`@;V)J#3P\+U-T96U6(#@R+T9O
M;G1.86UE+U1I;65S3F5W4F]M86Y04TU4+T9O;G13=')E=&-H+TYO<FUA;"]&
M;VYT5V5I9VAT(#0P,"]&;&%G<R`S-"]$97-C96YT("TR,38O1F]N=$)";WA;
M+34V."`M,S`W(#(P,#`@,3`P-UTO07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I
M;65S($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP
M92]&;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-96YD;V)J#3$V(#`@
M;V)J#3P\+U-T96U6(#$S-B]&;VYT3F%M92]4:6UE<TYE=U)O;6%N4%,M0F]L
M9$U4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#<P,"]&;&%G<R`S
M-"]$97-C96YT("TR,38O1F]N=$)";WA;+34U."`M,S`W(#(P,#`@,3`R-ETO
M07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S($YE=R!2;VUA;BDO0V%P2&5I
M9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L
M:6-!;F=L92`P/CX-96YD;V)J#3$W(#`@;V)J#3P\+T]032`Q+T]0(&9A;'-E
M+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E+U--(#`N,#(^/@UE
M;F1O8FH-,2`P(&]B:@T\/"].=6US6S`@,B`P(%)=/CX-96YD;V)J#3(@,"!O
M8FH-/#PO4R]$/CX-96YD;V)J#3,@,"!O8FH-/#PO0V]U;G0@,2]4>7!E+U!A
M9V5S+TMI9'-;."`P(%)=/CX-96YD;V)J#30@,"!O8FH-/#PO4W5B='EP92]8
M34PO3&5N9W1H(#,U.#<O5'EP92]-971A9&%T83X^<W1R96%M#0H\/WAP86-K
M970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_
M/@H\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K
M/2)!9&]B92!835`@0V]R92`T+C`M8S,R,2`T-"XS.3@Q,38L(%1U92!!=6<@
M,#0@,C`P.2`Q-#HR-#HS.2(^"B`@(#QR9&8Z4D1&('AM;&YS.G)D9CTB:'1T
M<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R(^"B`@
M("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@
M('AM;&YS.GAA<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+R(^"B`@
M("`@("`@(#QX87`Z0W)E871O<E1O;VP^4%-C<FEP=#4N9&QL(%9E<G-I;VX@
M-2XR+C(\+WAA<#I#<F5A=&]R5&]O;#X*("`@("`@("`@/'AA<#I-;V1I9GE$
M871E/C(P,3`M,#0M,C94,3,Z,C<Z-#0M,#0Z,#`\+WAA<#I-;V1I9GE$871E
M/@H@("`@("`@("`\>&%P.D-R96%T941A=&4^,C`Q,"TP-"TR-E0Q,SHR-SHT
M-"TP-#HP,#PO>&%P.D-R96%T941A=&4^"B`@("`@(#PO<F1F.D1E<V-R:7!T
M:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@
M("`@("`@("!X;6QN<SID8STB:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S
M+S$N,2\B/@H@("`@("`@("`\9&,Z9F]R;6%T/F%P<&QI8V%T:6]N+W!D9CPO
M9&,Z9F]R;6%T/@H@("`@("`@("`\9&,Z=&ET;&4^"B`@("`@("`@("`@(#QR
M9&8Z06QT/@H@("`@("`@("`@("`@("`\<F1F.FQI('AM;#IL86YG/2)X+61E
M9F%U;'0B/DUI8W)O<V]F="!7;W)D("T@14U#3D9#/"]R9&8Z;&D^"B`@("`@
M("`@("`@(#PO<F1F.D%L=#X*("`@("`@("`@/"]D8SIT:71L93X*("`@("`@
M("`@/&1C.F-R96%T;W(^"B`@("`@("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@
M("`@("`@("`\<F1F.FQI/FEG;F%T:3PO<F1F.FQI/@H@("`@("`@("`@("`\
M+W)D9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O<CX*("`@("`@/"]R9&8Z
M1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T
M/2(B"B`@("`@("`@("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O
M;2]P9&8O,2XS+R(^"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R;V)A="!$
M:7-T:6QL97(@."XR+C(@*%=I;F1O=W,I/"]P9&8Z4')O9'5C97(^"B`@("`@
M(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D
M9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIX87!-33TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87`O,2XP+VUM+R(^"B`@("`@("`@(#QX87!-33I$;V-U
M;65N=$E$/G5U:60Z8F)E-S-B-3(M9CDS82TT,#4Q+3AD96(M-CEE961C-S8Y
M-SEC/"]X87!-33I$;V-U;65N=$E$/@H@("`@("`@("`\>&%P34TZ26YS=&%N
M8V5)1#YU=6ED.C0Y.&1B9#4W+3@X8S8M-#-D82TY868T+3%A,#5F,C$X.&%E
M,#PO>&%P34TZ26YS=&%N8V5)1#X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^
M"B`@(#PO<F1F.E)$1CX*/"]X.GAM<&UE=&$^"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`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*/#]X<&%C:V5T(&5N9#TB=R(_/@T*96YD<W1R96%M#65N9&]B:@TU
M(#`@;V)J#3P\+T-R96%T:6]N1&%T92A$.C(P,3`P-#(V,3,R-S0T+3`T)S`P
M)RDO075T:&]R*&EG;F%T:2DO0W)E871O<BA04V-R:7!T-2YD;&P@5F5R<VEO
M;B`U+C(N,BDO4')O9'5C97(H06-R;V)A="!$:7-T:6QL97(@."XR+C(@7"A7
M:6YD;W=S7"DI+TUO9$1A=&4H1#HR,#$P,#0R-C$S,C<T-"TP-"<P,"<I+U1I
M=&QE*$UI8W)O<V]F="!7;W)D("T@14U#3D9#*3X^#65N9&]B:@UX<F5F#0HP
M(#8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P-C`X,2`P,#`P,"!N#0HP
M,#`P,#`V,3$U(#`P,#`P(&X-"C`P,#`P,#8Q,SD@,#`P,#`@;@T*,#`P,#`P
M-C$Y,"`P,#`P,"!N#0HP,#`P,#`Y.#4T(#`P,#`P(&X-"G1R86EL97(-"CP\
B+U-I>F4@-CX^#0IS=&%R='AR968-"C$Q-@T*)25%3T8-"C\_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----