-----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,
 KYDb9oz2DTt9ICm//grBQ1lKFg7+sMwBNSV0AfU4HXuFvazTjRlRiIy8y3Lb7YZ8
 F6WWYVDteGAXRN3SLERnyg==

<SEC-DOCUMENT>0000000000-09-052607.txt : 20091105
<SEC-HEADER>0000000000-09-052607.hdr.sgml : 20091105
<ACCEPTANCE-DATETIME>20090921114024
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-09-052607
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090921

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGAND PHARMACEUTICALS INC
		CENTRAL INDEX KEY:			0000886163
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				770160744
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		10275 SCIENCE CENTER DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121-1117
		BUSINESS PHONE:		858-550-7500

	MAIL ADDRESS:	
		STREET 1:		10275 SCIENCE CENTER DRIVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121-1117
PUBLIC REFERENCE ACCESSION NUMBER:		0001193125-09-055524
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C8@,"!O8FH-/#PO3&EN96%R:7IE9"`Q+TP@,3`R
M,S4O3R`X+T4@-C`T-2].(#$O5"`Q,#`V.2]((%L@-34V(#$V,UT^/@UE;F1O
M8FH-("`@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HV(#$S#0HP,#`P,#`P
M,#$V(#`P,#`P(&X-"C`P,#`P,#`W,3D@,#`P,#`@;@T*,#`P,#`P,#<Y-B`P
M,#`P,"!N#0HP,#`P,#`P.3(S(#`P,#`P(&X-"C`P,#`P,#$P-#0@,#`P,#`@
M;@T*,#`P,#`P,30X,"`P,#`P,"!N#0HP,#`P,#`Q-3$U(#`P,#`P(&X-"C`P
M,#`P,#(S-S0@,#`P,#`@;@T*,#`P,#`P,C<X,R`P,#`P,"!N#0HP,#`P,#`U
M-#<V(#`P,#`P(&X-"C`P,#`P,#4W,3D@,#`P,#`@;@T*,#`P,#`P-3DV."`P
M,#`P,"!N#0HP,#`P,#`P-34V(#`P,#`P(&X-"G1R86EL97(-"CP\+U-I>F4@
M,3DO4')E=B`Q,#`U.2]2;V]T(#<@,"!2+TEN9F\@-2`P(%(O241;/#E&-D$V
M0C4Q.$5#,C$P,#A$-$8U,35#,3)%,S0P,4,T/CPX04(Y0T$T-C1"-3(P030X
M040P1#0S1D)$141"-#1&-#Y=/CX-"G-T87)T>')E9@T*,`T*)25%3T8-"B`@
M("`@("`@("`@("`@("`-"C$X(#`@;V)J#3P\+TQE;F=T:"`W.2]&:6QT97(O
M1FQA=&5$96-O9&4O22`Y-B],(#@P+U,@,SD^/G-T<F5A;0T*>-IB8&#@8F!@
MJF0``I%&!E3`!,0L#!P'&`R0!+F@F(%!F8&']4"8I`"#<6/9,H4+O`E:8&%&
M!@:Q7U#=5D#,RL"@>@@BSO`,(,``L>L*%PT*96YD<W1R96%M#65N9&]B:@TW
M(#`@;V)J#3P\+TUE=&%D871A(#0@,"!2+U!A9V5S(#,@,"!2+U1Y<&4O0V%T
M86QO9R]086=E3&%B96QS(#$@,"!2/CX-96YD;V)J#3@@,"!O8FH-/#PO0W)O
M<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#,@,"!2+T-O;G1E;G1S(#$R(#`@
M4B]2;W1A=&4@,"]-961I84)O>%LP(#`@-C$R(#<Y,ETO4F5S;W5R8V5S(#D@
M,"!2+U1Y<&4O4&%G93X^#65N9&]B:@TY(#`@;V)J#3P\+T-O;&]R4W!A8V4\
M/"]#<S8@,3$@,"!2/CXO1F]N=#P\+U14,B`Q,"`P(%(O5%0T(#$S(#`@4CX^
M+U!R;V-3971;+U!$1B]497AT72]%>'1'4W1A=&4\/"]'4S$@,3<@,"!2/CX^
M/@UE;F1O8FH-,3`@,"!O8FH-/#PO4W5B='EP92]4<G5E5'EP92]&;VYT1&5S
M8W)I<'1O<B`Q-2`P(%(O3&%S=$-H87(@,3(Q+U=I9'1H<ULR-3`@,"`P(#`@
M,"`P(#`@,"`P(#`@,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@,"`U
M,#`@-3`P(#`@-3`P(#`@-3`P(#`@,"`P(#`@,"`P(#`@-S(R(#8V-R`V-C<@
M-S(R(#8Q,2`U-38@,"`P(#,S,R`S.#D@-S(R(#8Q,2`X.#D@,"`W,C(@-34V
M(#`@,"`U-38@-C$Q(#<R,B`W,C(@.30T(#`@,"`P(#`@,"`P(#`@,"`P(#0T
M-"`U,#`@-#0T(#4P,"`T-#0@,S,S(#4P,"`U,#`@,C<X(#`@,"`R-S@@-S<X
M(#4P,"`U,#`@-3`P(#`@,S,S(#,X.2`R-S@@-3`P(#4P,"`W,C(@,"`U,#!=
M+T)A<V5&;VYT+U1I;65S3F5W4F]M86Y04TU4+T9I<G-T0VAA<B`S,B]%;F-O
M9&EN9R]7:6Y!;G-I16YC;V1I;F<O5'EP92]&;VYT/CX-96YD;V)J#3$Q(#`@
M;V)J#5LO24-#0F%S960@,30@,"!270UE;F1O8FH-,3(@,"!O8FH-/#PO3&5N
M9W1H(#<X.2]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A;0T*:-Z$5%%OVC`0
M?N=7W*,S$==V$D+VUD*9UJU;-;)-4[6'+!CP%!+DA%;]][N+(:04M"(Y;F)_
M]]W==]_5A[F$53VX20=7::I`0KH<2`4"?_A(!,1BS),1I)O!U:0>05ZWWP34
M>3D0D.:T/`\8>.E?W/J2RPC2Z?Y%^N[BQIT5[6$NA(@)R]_OG@>/[(?)8);E
MM=EX8QXQ4VC(R@5\YW,.]YDIP/N=WCD8D1!*CTW[?=Y46PAC)8[Q1-(CU[M*
M82.ZKG@<TADB`)Z4*J+'.,:'^YOK;:.)4<#^:`N>BB/!E!P>=@(!^\2B$V:G
MD=D;<L1%=L60[:V[:EW"`X?Y.K/;<^1'APMR?*A>KN'!ZMHLO(B/F"Z;(<Q,
MF96YJ^-;EH0S[@+O<29KHY=>P,=L?]MD!7QU;]QJ/(0(64[5..G(*V:T(\3/
M9D7Q'S`5JF/(LESO&I-G13ULJ<+',N?GZ:D.3+5UD0*K#O/<:$IK@DDBBZDU
M3QI.J]3KP3PK86KTJAK"Y!H2)97TI93Q!9W@8(1N,)QF+Y!Y9-_T>U2(YRL4
M0C_+7H(7<NOKG@`0`24_J^P&I/`_P;*RT*PUMJ!&&/BE,PNWY4(O8*ISO2$E
M!JA!16V[/!8=-IO1-'W9T46DC*KQ@T`D07NUYP,!1SQQK(3OWA#T^'209-!U
M*>P*$[JP4^)[;TF_V&'LN-T.#[&ZTJ+AM*8RXI&+>3HU1V)'!_+I](GI!,<7
MK]N4.#8_-:PS5$A>;;:%;K"(U<Z"U4]&/T.UA!?Z=U:U!.6()[&CT^\T*9=1
M:SPD,&:?VHFRNL@(;6D*4ZYJ>H?9*N:BE97KC"\3@NQ3E$$WO8'#7WHA&LS.
MD[A:;+PELE[")7.K]G`I&XS1H"Y,C7'0H1JS_[I7&'IMOX8'_T6/:[W.R4%B
M5JVY':Y0FBTA%9`9'E0Y-SABF.++\"SX>9-7X3'10UCGI/MCG?'Z^UWK.9DM
MFJJ$6PZI-\(29)[/8RQ$9KO8_BN;5*W0V'6>5[NRP>K#C46O6D-K7TZ[?2[_
M9_YV<YL._@DP`)B2L+D*#0IE;F1S=')E86T-96YD;V)J#3$S(#`@;V)J#3P\
M+U-U8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R:7!T;W(@,38@,"!2+TQA<W1#
M:&%R(#$Q-R]7:61T:'-;,C4P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`R-3`@
M,S,S(#(U,"`P(#4P,"`U,#`@-3`P(#4P,"`P(#`@,"`P(#4P,"`U,#`@,S,S
M(#`@,"`P(#`@,"`P(#`@,"`P(#<R,B`V-C<@-C$Q(#`@,"`S.#D@,"`W-S@@
M-C8W(#`@-S(R(#`@-C$Q(#`@-S(R(#`@,"`P(#`@,"`P(#<R,B`P(#`@,"`P
M(#`@,"`P(#4P,"`U-38@-#0T(#4U-B`T-#0@,S,S(#4P,"`U-38@,C<X(#`@
M,"`R-S@@.#,S(#4U-B`U,#`@,"`P(#0T-"`S.#D@,S,S(#4U-ETO0F%S949O
M;G0O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC;V1I
M;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TQ-"`P(&]B
M:@T\/"],96YG=&@@,C4Y."]&:6QT97(O1FQA=&5$96-O9&4O3B`S+T%L=&5R
M;F%T92]$979I8V521T(^/G-T<F5A;0T*:-Z<EG=45-<6A\^]=WJAS3#2&7J3
M+C"`]"X@'011&&8&&,H`PPQ-;(BH0$01$0%%D*"``:.A2*R(8B$HJ&`/2!!0
M8C"*J*AD1M9*?'EY[^7E]\>]W]IG[W/WV7N?M2X`)$\?+B\%E@(@F2?@!WHX
MTU>%1]"Q_0`&>(`!I@`P6>FIOD'NP4`D+S<7>KK("?R+W@P!2/R^9>CI3Z>#
M_T_2K%2^``#(7\3F;$XZ2\3Y(D[*%*2*[3,BIL8DBAE&B9DO2E#$<F*.6^2E
MGWT6V5',[&0>6\3BG%/9R6PQ]XAX>X:0(V+$1\0%&5Q.IHAOBU@S29C,%?%;
M<6PRAYD.`(HDM@LXK'@1FXB8Q`\.=!'Q<@!PI+@O..8+%G"R!.)#N:2D9O.Y
M<?$"NBY+CVYJ;<V@>W(RDS@"@:$_DY7(Y+/I+BG)J4Q>-@"+9_XL&7%MZ:(B
M6YI:6UH:FAF9?E&H_[KX-R7N[2*]"OC<,XC6]X?MK_Q2Z@!@S(IJL^L/6\Q^
M`#JV`B!W_P^;YB$`)$5]:[_QQ7EHXGF)%PA2;8R-,S,SC;@<EI&XH+_K?SK\
M#7WQ/2/Q=K^7A^[*B64*DP1T<=U8*4DI0CX]/97)XM`-_SS$_SCPK_-8&LB)
MY?`Y/%%$J&C*N+PX4;MY;*Z`F\*C<WG_J8G_,.Q/6IQKD2CUGP`UR@A(W:`"
MY.<^@*(0`1)Y4-SUW_OF@P\%XIL7ICJQ./>?!?W[KG")^)'.C?L<YQ(83&<)
M^1F+:^)K"="``"0!%<@#%:`!=($A,`-6P!8X`C>P`OB!8!`.U@(6B`?)@`\R
M02[8#`I`$=@%]H)*4`/J02-H`2=`!S@-+H#+X#JX">Z`!V`$C(/G8`:\`?,0
M!&$A,D2!Y"%52`LR@,P@!F0/N4$^4"`4#D5#<1`/$D*YT!:H""J%*J%:J!'Z
M%CH%78"N0@/0/6@4FH)^A=[#"$R"J;`RK`T;PPS8"?:&@^$U<!R<!N?`^?!.
MN`*N@X_![?`%^#I\!QZ!G\.S"$"("`U10PP1!N*"^"$12"S"1S8@A4@Y4H>T
M(%U(+W(+&4&FD7<H#(J"HJ,,4;8H3U0(BH5*0VU`%:,J44=1[:@>U"W4*&H&
M]0E-1BNA#=`V:"_T*G0<.A-=@"Y'-Z#;T)?0=]#CZ#<8#(:&T<%883PQX9@$
MS#I,,>8`IA5S'C.`&</,8K%8>:P!U@[KAV5B!=@"['[L,>PY["!V'/L61\2I
MXLQP[K@('`^7ARO'->'.X@9Q$[AYO!1>"V^#]\.S\=GX$GP]O@M_`S^.GR=(
M$W0(=H1@0@)A,Z&"T$*X1'A(>$4D$M6)UL0`(I>XB5A!/$Z\0APEOB/)D/1)
M+J1(DI"TDW2$=)YTC_2*3"9KDQW)$60!>2>YD7R1_)C\5H(B823A)<&6V"A1
M)=$N,2CQ0A(OJ27I)+E6,D>R7/*DY`W):2F\E+:4BQ13:H-4E=0IJ6&I66F*
MM*FTGW2R=+%TD_15Z4D9K(RVC)L,6R9?YK#,19DQ"D+1H+A06)0ME'K*)<HX
M%4/5H7I1$ZA%U&^H_=0961G99;*ALEFR5;)G9$=H"$V;YD5+HI703M"&:.^7
M*"]Q6L)9LF-)RY+!)7-RBG*.<ARY0KE6N3MR[^7I\F[RB?*[Y3OD'RF@%/05
M`A0R%0XJ7%*85J0JVBJR%`L53RC>5X*5])4"E=8I'5;J4YI55E'V4$Y5WJ]\
M47E:A:;BJ)*@4J9R5F5*E:)JK\I5+5,]I_J,+DMWHB?1*^@]]!DU)35/-:%:
MK5J_VKRZCGJ(>IYZJ_HC#8(&0R-6HTRC6V-&4U735S-7LUGSOA9>BZ$5K[5/
MJU=K3EM'.TQ[FW:']J2.G(Z73HY.L\Y#7;*N@VZ:;IWN;3V,'D,O4>^`WDU]
M6-]"/UZ_2O^&`6Q@:<`U.&`PL!2]U'HI;VG=TF%#DJ&3889AL^&H$<W(QRC/
MJ,/HA;&F<83Q;N->XT\F%B9))O4F#TQE3%>8YIEVF?YJIF_&,JLRNVU.-G<W
MWVC>:?YRF<$RSK*#R^Y:4"Q\+;99=%M\M+2RY%NV6$Y9:5I%6U5;#3.H#']&
M,>.*-=K:V7JC]6GK=S:6-@*;$S:_V!K:)MHVV4XNUUG.65Z_?,Q.W8YI5VLW
M8D^WC[8_9#_BH.;`=*AS>.*HX<AV;'"<<-)S2G`ZYO3"V<29[]SF/.=BX[+>
MY;PKXNKA6NC:[R;C%N)6Z?;87=T]SKW9?<;#PF.=QWE/M*>WYV[/82]E+Y97
MH]?,"JL5ZU?T>).\@[PKO9_XZ/OP?;I\8=\5OGM\'Z[46LE;V>$'_+S\]O@]
M\M?Q3_/_/@`3X!]0%?`TT#0P-[`WB!(4%=04]";8.;@D^$&(;H@PI#M4,C0R
MM#%T+LPUK#1L9)7QJO6KKH<KA'/#.R.P$:$1#1&SJ]U6[UT]'FD161`YM$9G
M3=::JVL5UB:M/1,E&<6,.AF-C@Z+;HK^P/1CUC%G8[QBJF-F6"ZL?:SG;$=V
M&7N*8\<IY4S$VL66QD[&V<7MB9N*=X@OCY_FNG`KN2\3/!-J$N82_1*/)"XD
MA26U)N.2HY-/\61XB;R>%)64K)2!5(/4@M21-)NTO6DS?&]^0SJ4OB:]4T`5
M_4SU"76%6X6C&?8951EO,T,S3V9)9_&R^K+ULW=D3^2XYWR]#K6.M:X[5RUW
M<^[H>J?UM1N@#3$;NC=J;,S?.+[)8]/1S83-B9M_R#/)*\U[O25L2U>^<OZF
M_+&M'EN;"R0*^`7#VVRWU6Q';>=N[]]AOF/_CD^%[,)K129%Y44?BEG%U[XR
M_:KBJX6=L3O[2RQ+#N["[.+M&MKML/MHJ71I3NG8'M\][67TLL*RUWNC]EXM
M7U9>LX^P3[AOI,*GHG._YOY=^S]4QE?>J7*N:JU6JMY1/7>`?6#PH./!EAKE
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MO+#PFP`#`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#3$U(#`@;V)J#3P\+U-T
M96U6(#@R+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04TU4+T9O;G13=')E=&-H
M+TYO<FUA;"]&;VYT5V5I9VAT(#0P,"]&;&%G<R`S-"]$97-C96YT("TR,38O
M1F]N=$)";WA;+34V."`M,S`W(#(P,#`@,3`P-UTO07-C96YT(#@Y,2]&;VYT
M1F%M:6QY*%1I;65S($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT
M("TU-#8O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-96YD
M;V)J#3$V(#`@;V)J#3P\+U-T96U6(#$S-B]&;VYT3F%M92]4:6UE<TYE=U)O
M;6%N4%,M0F]L9$U4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#<P
M,"]&;&%G<R`S-"]$97-C96YT("TR,38O1F]N=$)";WA;+34U."`M,S`W(#(P
M,#`@,3`R-ETO07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S($YE=R!2;VUA
M;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&;VYT1&5S8W)I
M<'1O<B])=&%L:6-!;F=L92`P/CX-96YD;V)J#3$W(#`@;V)J#3P\+T]032`Q
M+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E+U--
M(#`N,#(^/@UE;F1O8FH-,2`P(&]B:@T\/"].=6US6S`@,B`P(%)=/CX-96YD
M;V)J#3(@,"!O8FH-/#PO4R]$/CX-96YD;V)J#3,@,"!O8FH-/#PO0V]U;G0@
M,2]4>7!E+U!A9V5S+TMI9'-;."`P(%)=/CX-96YD;V)J#30@,"!O8FH-/#PO
M4W5B='EP92]834PO3&5N9W1H(#,U.3@O5'EP92]-971A9&%T83X^<W1R96%M
M#0H\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U33!-<$-E:&E(>G)E4WI.
M5&-Z:V,Y9"(_/@H\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O
M(B!X.GAM<'1K/2)!9&]B92!835`@0V]R92`T+C`M8S,Q-B`T-"XR-3,Y,C$L
M(%-U;B!/8W0@,#$@,C`P-B`Q-SHQ-#HS.2(^"B`@(#QR9&8Z4D1&('AM;&YS
M.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X
M+6YS(R(^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@
M("`@("`@("`@('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O
M,2XS+R(^"B`@("`@("`@(#QP9&8Z4')O9'5C97(^06-R;V)A="!$:7-T:6QL
M97(@."XQ+C`@*%=I;F1O=W,I/"]P9&8Z4')O9'5C97(^"B`@("`@(#PO<F1F
M.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIX87`](FAT='`Z+R]N<RYA9&]B92YC
M;VTO>&%P+S$N,"\B/@H@("`@("`@("`\>&%P.D-R96%T;W)4;V]L/E!38W)I
M<'0U+F1L;"!697)S:6]N(#4N,CPO>&%P.D-R96%T;W)4;V]L/@H@("`@("`@
M("`\>&%P.DUO9&EF>41A=&4^,C`P.2TP.2TR,50Q,3HS-CHS."TP-#HP,#PO
M>&%P.DUO9&EF>41A=&4^"B`@("`@("`@(#QX87`Z0W)E871E1&%T93XR,#`Y
M+3`Y+3(Q5#$Q.C,V.C,X+3`T.C`P/"]X87`Z0W)E871E1&%T93X*("`@("`@
M/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F
M.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.F1C/2)H='1P.B\O<'5R;"YO
M<F<O9&,O96QE;65N=',O,2XQ+R(^"B`@("`@("`@(#QD8SIF;W)M870^87!P
M;&EC871I;VXO<&1F/"]D8SIF;W)M870^"B`@("`@("`@(#QD8SIT:71L93X*
M("`@("`@("`@("`@/')D9CI!;'0^"B`@("`@("`@("`@("`@(#QR9&8Z;&D@
M>&UL.FQA;F<](G@M9&5F875L="(^36EC<F]S;V9T(%=O<F0@+2!L:6=A;F1.
M1D-L971T97(N9&]C/"]R9&8Z;&D^"B`@("`@("`@("`@(#PO<F1F.D%L=#X*
M("`@("`@("`@/"]D8SIT:71L93X*("`@("`@("`@/&1C.F-R96%T;W(^"B`@
M("`@("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/FAA
M<G1Z9#PO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@
M(#PO9&,Z8W)E871O<CX*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@
M(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM
M;&YS.GAA<$U-/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O;6TO(CX*
M("`@("`@("`@/'AA<$U-.D1O8W5M96YT240^=75I9#IA8S0Q8F%E8BUE83<S
M+30V86$M.&(P9BUC.&(W-#0V86%A.#@\+WAA<$U-.D1O8W5M96YT240^"B`@
M("`@("`@(#QX87!-33I);G-T86YC94E$/G5U:60Z860V,C5A,CDM.3DV92TT
M8F8Y+6(U-34M,C(W.65B,&8Y-3DY/"]X87!-33I);G-T86YC94E$/@H@("`@
M("`\+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T
M83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^
M#0IE;F1S=')E86T-96YD;V)J#34@,"!O8FH-/#PO0W)E871I;VY$871E*$0Z
M,C`P.3`Y,C$Q,3,V,S@M,#0G,#`G*2]!=71H;W(H:&%R='ID*2]#<F5A=&]R
M*%!38W)I<'0U+F1L;"!697)S:6]N(#4N,BDO4')O9'5C97(H06-R;V)A="!$
M:7-T:6QL97(@."XQ+C`@7"A7:6YD;W=S7"DI+TUO9$1A=&4H1#HR,#`Y,#DR
M,3$Q,S8S."TP-"<P,"<I+U1I=&QE*$UI8W)O<V]F="!7;W)D("T@;&EG86YD
M3D9#;&5T=&5R+F1O8RD^/@UE;F1O8FH->')E9@T*,"`V#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#8P-#4@,#`P,#`@;@T*,#`P,#`P-C`W.2`P,#`P
M,"!N#0HP,#`P,#`V,3`S(#`P,#`P(&X-"C`P,#`P,#8Q-30@,#`P,#`@;@T*
M,#`P,#`P.3@R.2`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE(#8^/@T*<W1A
4<G1X<F5F#0HQ,38-"B4E14]&#0H_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----