<PAGE> PAGE 1
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011 A00AA01 RAFFERTY CAPITAL MARKETS, INC.
011 B00AA01 8-40605
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE CHRISTINE GRAY
TITLE ASSISTANT SECRETARY
