Rule 13e-1
  Purchase of Securities by the Issuer During a Third-Party Tender Offer
An issuer that has received notice that it is the subject of a tender
offer made under
Section
14(d)(1) of the Act, that has commenced under
Rule
14d-2 must not purchase any of its equity securities during the tender
offer unless the issuer first:
a.
Files a statement with
the Commission containing the following information:
1. The
title and number of securities to be purchased;
2. The
names of the persons or classes of persons from whom the issuer will purchase
the securities;
3. The
name of any exchange, inter-dealer quotation system or any other market
on or through which the securities will be purchased;
4. The
purpose of the purchase;
5. Whether
the issuer will retire the securities, hold the securities in its treasury,
or dispose of the securities. If the issuer intends to dispose of the
securities, describe how it intends to do so; and
6. The
source and amount of funds or other consideration to be used to make the
purchase. If the issuer borrows any funds or other consideration to make
the purchase or enters any agreement for the purpose of acquiring, holding,
or trading the securities, describe the transaction and agreement and
identify the parties; and
b. Pays
the fee required by
Rule 0-11 when it files
the initial statement.
c.
This section does not
apply to periodic repurchases in connection with an employee benefit plan
or other similar plan of the issuer so long as the purchases are made
in the ordinary course and not in response to the tender offer.
Instruction to Rule 13e-1:
File eight copies if paper filing is permitted.
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