**Exhibit        10.05**

**Amended        and Restated**

**LIMITED        GUARANTEE**

**The        Huntington National Bank, Fifth Third Bank **
**PNC        Bank, National Association**
**The        Huntington National Bank, Trustee**

| **1.  ** | **Extent                of Guarantee and Limitations Thereto****.** |
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| **1.1  ** | The                maximum several aggregate liability recoverable from each Guarantor                hereunder (the "Maximum Amount") will be limited to : (i) fees, costs                and                expenses due pursuant to Section 7 hereof with respect to such Guarantor,                (ii) plus accrued and unpaid interest on the Bonds on a prorata basis                for                each Guarantor based on such Guarantor’s percentage of the Principal                Amounts listed below, (iii) |
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|  **OSI Restaurant Partners, Inc.**                                                                                                                                                                                                                                                                                                                                                   |  **$17,584,740**                   |
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|  **Richard L. Duchossois**                                                                                                                                                                                                                                                                                                                                                           |  **$17,584,740**                   |
|  **Richard T. Farmer**                                                                                                                                                                                                                                                                                                                                                               |  **$17,584,740**                   |
|  **Jerry L. Carroll**                                                                                                                                                                                                                                                                                                                                                      |  **$5,272,890**          |
| **John                  R. Lindahl**     **Larry                  T. Thrailkill**,                  Trustee of the Deepwater Trust dated                  as of February 28, 2002, and **John                  R. Lindahl,**Trustee                  of The Blue Water Trust dated as of August 1, 2002,                  jointly and severally as to such $5,272,890 |  **$5,272,890**     |

| **1.2  ** | For                purposes of this Guarantee, the amount of liability of Guarantor                hereunder                will be determined with reference to the amount of the Obligations                calculated as of the date that Trustee accelerates all or any part                of the                Obligations, without reference to subsequent reductions thereof by                reason                of Trustee's collection upon or realizing upon any collateral for                the                Obligations (except that in no circumstances will Trustee be entitled                to                recover from Debtor and Guarantor, collectively, an aggregate amount                greater than the entire outstanding amount of the Obligations); provided,                however, that (i) notwithstanding such Maximum Amount limitation                the                several liability of Guarantor hereunder will continue hereunder                until                Guarantor has paid the Maximum Amount or until this Guarantee is                terminated in accordance with Section 2.1, below, and (ii) Guarantor                agrees and acknowledges that (a) the amount of the Obligations may                change                at any time and from time to time may without in any way affecting                the                continuing liability of Guarantor hereunder, and (b) Trustee may                apply any                payment or other item received in connection with the Obligations                to such                of the Obligations and in such order as Trustee elects in its sole                discretion. |
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| **2.  ** | **Nature                of Guarantee, Waivers**. |
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| **2.1  ** | This                is a guarantee of payment and not of collection. This is an absolute,                unconditional, primary, and continuing obligation and will remain                in full                force and effect until the first to occur of the following: (i) all                of the                Obligations have been indefeasibly paid in full, and Trustee has                terminated this Guarantee, or each Guarantor has indefeasibly paid                the                Maximum Amount in full, whichever occurs first; (ii) 30 days after                the                date on which written notice of revocation is actually received by                Trustee; or (iii) the date on which written notice of the death of |
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| **  ** | Guarantor                  is actually received by Trustee. Notwithstanding the foregoing,                  this                  Guarantee will terminate as to each Guarantor when such Guarantor                  has paid                  to the Trustee the Maximum Amount with respect to such Guarantor.                  No                  revocation (whether upon the death of the Guarantor or otherwise)                  will                  affect: (i) the then existing liabilities of the revoking Guarantor                  under                  this Guarantee; (ii) Obligations created, contracted, assumed,                  acquired or                  incurred prior to the effective date of such revocation; (iii)                  Obligations                  created, contracted, assumed, acquired or incurred after the effective                  date of such revocation pursuant to any agreement entered into                  or                  commitment obtained prior to the effective date of such revocation;                  (iv)                  any Obligations then or thereafter arising under the agreements                  or                  instruments then in effect and then evidencing the Obligations;                  (v)                  renewals, extensions, consolidations and refinancings of any of                  the                  foregoing; (vi) principal, interest, charges, fees, costs or expenses                  of                  any kind relating to any of the foregoing then existing or thereafter                  arising, or (vii) any liabilities of any Guarantor other than the                  particular Guarantor that issues such notice of revocation (or,                  in the                  event of death of a Guarantor, is the subject of such death                  notice). |
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| **2.2  ** | This                Guarantee will not be affected by any delay, failure or omission                of                Trustee in exercising any right, power or remedy with respect to                any of                the Obligations or any guarantee or other liability or any collateral                held                by it for any of the Obligations, by any delay, failure, or omission                of                Trustee to take any steps to perfect or maintain its lien or security                interest in or to preserve its rights to, or insure or protect any                collateral for any of the Obligations or any guarantee or other liability                for any of the Obligations. |
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| **2.3  ** | Notice                of acceptance of this Guarantee, notice of extensions of credit to                Debtor                from time to time, notice of default, diligence, presentment, protest,                demand for payment, notice of demand or protest are hereby waived.                Trustee                at any time and from time to time, without the consent of or notice                to                Guarantor, and without impairing or releasing, discharging or modifying                the liabilities of Guarantor hereunder, may in its sole discretion                (i)                change the manner, place or terms of payment or performance of or                interest                rates on, or change or extend the time of payment or performance                of, or                other terms relating to any of the Obligations, (ii) renew, increase,                substitute, modify, amend or alter, or grant consents or waivers                relating                to any of the Obligations, any other guarantees or other liabilities,                or                any collateral for any Obligations or guarantees or other liabilities,                (iii) apply any and all payments from any source whatsoever including                any                proceeds of any collateral, to any Obligations of Debtor in any order,                manner and amount, (iv) deal or refrain from dealing with any person                or                entity, in its sole discretion, with respect to any Obligations in                such                manner as Trustee deems appropriate, in its sole discretion, and/or                (v)                accept, sell, substitute, exchange, compromise, release, surrender,                offset, realize upon or otherwise deal with in any manner and in                any order                any of the Obligations, any guarantee or other liability for any                of the                Obligations, or any collateral for any of the Obligations or for                any                guarantee or other liability relating to any of the Obligations.                Irrespective of the taking or refraining from taking of any of the                foregoing actions, the obligations of Guarantor will remain in full                force                and effect and will not be affected, impaired, |
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| ** ** | discharged                  or released in any manner. Trustee in its sole discretion may determine                  the reasonableness of the period which may elapse prior to the                  making of                  demand for any payment upon Debtor and it need not pursue any of                  its                  remedies against Debtor, any other guarantor or other person, or                  any                  collateral before having recourse against any Guarantor under this                  Guarantee. |
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| **3.  ** | **Representations,                Warranties and Covenants****.**                Each Guarantor hereby represents, warrants and covenants as follows                (all                of which survive the execution and delivery of                this Guarantee): |
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| **3.1  ** | This                Guarantee is a legal, valid and binding obligation of Guarantor                enforceable in accordance with its terms, except as such enforceability                may be limited by applicable bankruptcy, reorganization, insolvency,                moratorium or similar laws in effect from time to time affecting                the                rights of creditors generally and except as such enforceability may                be                subject to general principles of equity (regardless of whether such                enforceability is considered in a proceeding in law or in                equity). |
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| **3.2  ** | There                does not now exist any default or violation by it of or under, and                neither                the execution, delivery and performance of this Guarantee nor the                consummation of any of the transactions contemplated hereby will                result in                any default or violation, or in the creation of any lien or encumbrance,                or give rise to any right of termination, amendment, cancellation                or                acceleration, of or under, any of the terms, conditions or obligations                of:                (i) its (with respect to any Guarantor that is not a natural person)                articles or certificate of incorporation and regulations or bylaws;                (ii)                any note, bond, indenture, mortgage, deed of trust, franchise, permit,                lease or other agreement or instrument to which it is a party or                by which                it or any of its assets is bound; or (iii) any law, regulation, ruling,                order, injunction, decree, condition or other requirement applicable                to or                imposed upon it by any law, court or governmental agency, authority                or                other body. |
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| **3.3  ** | Guarantor                is fully aware of the financial condition of Debtor and is executing                and                delivering this Guarantee based solely upon Guarantor's own independent                investigation of all matters pertinent hereto and is not relying                in any                manner upon any representation or statement of                Trustee. |
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| **4.  ** | **Bankruptcy,                 etc****.**                It                is specifically understood that any modification, limitation or discharge                of the Obligations arising out of or by virtue of any bankruptcy,                reorganization or similar proceeding for relief of debtors under                federal                or state law will not affect, modify, limit or discharge the liability                of                Guarantor in any manner whatsoever and this Guarantee will remain                and                continue in full force and effect and will be enforceable against                Guarantor to the same extent and with the same force and effect as                if any                such proceeding had not been instituted. Guarantor waives all rights                and                benefits that might accrue to it by reason of any such proceeding                and will                be liable to the full extent hereunder, irrespective of any modification,                limitation, or discharge of the liability of Debtor that may result                from                any such proceeding. |
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| **5.  ** | **Events                of Default****.** |
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| **5.1  ** | The                occurrence of any of the following events will be deemed to be an                "Event                of Default" under this Guarantee: (i) the filing by or against Debtor                or                any Guarantor of a petition in bankruptcy, for a reorganization,                arrangement or debt adjustment, or for a receiver, trustee or similar                creditors' representative for its, his or her property or any part                thereof, or of any other proceeding under any federal or state insolvency                or similar law (and if such petition or proceeding is an involuntary                petition or proceeding filed against it without its acquiescence                therein                or thereto at any time, the same is not promptly contested and, within                60                days of the filing of such petition or proceedings, dismissed or                discharged), or the making of any general assignment by Debtor or                any                Guarantor for the benefit of creditors, or Debtor or any Guarantor                dissolves or is the subject of any dissolution, winding up or liquidation;                (ii) any other Event of Default (as defined in any of the Obligations);                or                (iii) any default or event of default under any of the Obligations                that                does not have a defined set of "Events of                Default". |
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| **5.2  ** | Immediately                and automatically upon any Event of Default under clause (i) of the                immediately preceding paragraph, or, at the option of Trustee, immediately                upon the occurrence of any other Event of Default (in either case                without                demand or notice of any kind, which hereby are expressly waived),                Guarantor will pay to Trustee the lesser of (i) all amounts due and                to                become due under the Obligations, or (ii) the Maximum Amount (for                purposes                of an Event of Default under clause (i) of the immediately preceding                paragraph, all of the Obligations then existing automatically will                be                accelerated and become immediately due and payable in full from Guarantor,                whether or not then due and payable by Debtor). Guarantor will pay                such                amounts without setoff, counterclaim, presentment, demand, protest,                and                notice of demand, protest, and dishonor, which hereby are expressly                waived. |
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| **5.3  ** | The                rights and remedies of Trustee, after the occurrence of any such                Event of                Default, will include but not be limited to the right to set off                against                and apply to all or any part of the Obligations, without notice,                the                amount of any or all moneys, credits and other property of any nature                whatsoever of Guarantor now or at any time hereafter in the possession                of,                in transit to or from, under the control or custody of, or on deposit                with                (whether held by Guarantor individually or jointly with another person                or                entity), Trustee or any affiliate of Trustee. Guarantor waives any                requirement of marshalling of any collateral upon the occurrence                of any                Event of Default. |
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| **6.  ** | **Setoff,                etc****.**                No                setoff, counterclaim, reduction or diminution of any Obligation,                or any                defense of any kind or nature, that Guarantor has or may have in                the                future against Debtor, or that Debtor has or may have in the future                against Trustee except payment in full of the Obligations, will be                available hereunder to Guarantor against Trustee. |
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| **7.  ** | **Costs****.**                To                the extent that Trustee incurs any costs or expenses in protecting                or                enforcing its rights under this Guarantee with respect to any particular                Guarantor, including but not limited to reasonable attorneys' fees                and the                costs and expenses of litigation, such costs and expenses will be                due on                demand, will be a direct and primary obligation of such Guarantor                and will                bear interest from the payment thereof at the Default Rate, as such |
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|   | term                  is defined in any of the Obligations, or, in the absence of such                  a                  definition, at the highest rate permitted under applicable law. |
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| **8.  ** | **General****.** |
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| **8.1  ** | Indemnity                and Repayments or Recovery from Trustee.                Subject to the Maximum Amount limitations of Section 1.1, above,                and                except as otherwise provided herein, Guarantor will indemnify, defend                and                hold harmless Trustee, its directors, officers, counsel, agents and                employees, from and against all claims, demands, liabilities, judgments,                losses, damages, costs and expenses, joint or several (including                all                reasonable accounting fees and attorneys' fees), that Trustee or                any such                indemnified party may incur relating to or arising out of or in connection                with, in any way, directly or indirectly, this Guarantee, any of                the                Obligations or any act, omission, matter or actual or proposed transaction                under or with respect to any of the foregoing, except the willful                misconduct or gross negligence of such indemnified party. Without                limiting                the generality of the foregoing, Guarantor agrees that if at any                time all                or any part of any payment or transfer of any kind received by Trustee                with respect to all or any part of the Obligations or this Guarantee                is                repaid, set aside or invalidated by reason of any judgment, decree                or                order of any court or administrative body, or by reason of any agreement,                settlement or compromise of any claim made at any time with respect                to                repayment, recovery, setting aside or invalidation of all or any                part of                such payment or transfer, Guarantor's obligations under this Guarantee                will continue (and/or be reinstated) in full force and effect and                Guarantor will be liable, and Guarantor will indemnify, defend and                hold                harmless Trustee for, the amount or amounts so repaid, recovered,                set                aside or invalidated and all other claims, demands, liabilities,                judgments, losses, damages, costs and expenses incurred in connection                therewith subject to the Maximum Amount limitations of 1.1. The provisions                of this Section will be and remain effective notwithstanding any                contrary                action which may have been taken by Guarantor in reliance upon such                payment or transfer, and any such contrary action so taken will be                without                prejudice to Trustee's rights under this Guarantee and will be deemed                to                have been conditioned upon such payment or transfer having become                final                and irrevocable. The provisions of this Section will survive any                revocation, termination, cancellation or discharge of this Guarantee                or of                any of the Obligations. |
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| **8.2  ** | **Notices****.**                All notices, demands, requests, consents or approvals and other                communications required or permitted hereunder will be in writing                and will                be conclusively deemed to have been received by a party hereto and                to be                effective if delivered personally to such party, or sent by telex,                facsimile (followed by written confirmation) or other telegraphic                means,                or by overnight courier service, or by certified or registered mail,                return receipt requested, postage prepaid, addressed to such party                at the                address set forth below or to such other address as any party may                give to                the other in writing for such purpose: |
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|   | To                  Trustee:   |   |   | The                  Huntington National Bank, 7                  Easton Oval,--EA4E63Columbus,                  Ohio 43219Attention:                  Ruth Sowers, Corporate                  Trust |   |
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|   | To                  Guarantor: |   |   | See                  attached Exhibit A                                                                                                                                                              |   |

| **8.3  ** | **Remedies                Cumulative, Etc.**                The terms of this Guarantee may be enforced as to any one or more                breaches                either separately, successively, concurrently, independently or                cumulatively from time to time and as often and in such order as                Trustee                may deem expedient, and no single or partial exercise of any right                or                remedy will preclude any further exercise thereof. No right or remedy                herein conferred upon or reserved to Trustee hereunder is intended                to be                exclusive of any other available right or remedy, but each and every                such                right or remedy will be cumulative and will be in addition to every                other                right or remedy given under this Guarantee or now or hereafter existing                at                law or in equity or by statute. No delay or omission to exercise                any                right, remedy or power accruing upon any Event of Default or default,                omission or failure of performance hereunder or under any of the                Obligations will impair any such right, remedy or power or will be                construed to be a waiver thereof or an acquiescence therein, nor                will it                affect any subsequent Event of Default or default of the same or                a                different nature. |
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| **8.4  ** | **Waivers                and Modifications.**                No                delay or failure on the part of Trustee to exercise any right, remedy                or                power hereunder, under any of the Obligations or under applicable                law will                impair or waive any such right, remedy or power (or any other right,                remedy or power), be considered a waiver of or an acquiescence in                any                breach, Event of Default or affect any other or subsequent breach,                Event                of Default of the same or a different nature. No waiver of any breach,                Event of Default, nor any modification, waiver, discharge or termination                of any provision of this Guarantee, nor consent to any departure                by any                Guarantor therefrom, will be established by conduct, custom or course                of                dealing; and no modification, waiver, discharge, termination or consent                will in any event be effective unless the same is in writing, signed                by                Trustee and specifically refers to this Guarantee, and then such                modification, waiver, discharge, termination or consent will be effective                only in the specific instance and for the specific purpose for which                given. No notice to or demand on any Guarantor in any case will entitle                any Guarantor to any other or further notice or demand in the same                or any                similar or other circumstance. |
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| **8.5  ** | **Binding                Effect, Assignability****.**                This Guarantee will be binding upon Guarantor and Guarantor's heirs,                administrators, successors and assigns and inure to the benefit of                Trustee                and its successors and assigns; provided, however, that Guarantor                may not                assign this Guarantee in whole or in part without the prior written                consent of Trustee, and Trustee at any time may assign this Guarantee                in                whole or in part. If any or all of the Obligations are assigned by                Trustee, this Guarantee will inure to the benefit of Trustee's assignee,                and to the benefit of any subsequent assignee, to the extent of the                assignment or assignments; provided that no assignment will operate                to                relieve Guarantor from any duty to Trustee hereunder with respect                to any                unassigned portion of the Obligations. |
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| **8.6  ** | **Gender,                etc.**                Whenever used herein, the singular number will include the plural,                the                plural the singular and the use of the masculine, feminine or neuter                gender will include all genders. |
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| **8.7  ** | **Headings****.**                The headings in this Guarantee are for convenience only and will                not limit                or otherwise affect any of the terms hereof. |
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| **8.8  ** | **Complete                Agreement****.**                This Guarantee constitutes the entire agreement of the parties and                supersedes all prior oral and written negotiations, agreements, and                understandings regarding the subject matter of this                Guarantee. |
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| **8.9  ** | **Counterparts****.**                This Guarantee may be executed in one or more counterparts, each                of which                will be deemed to be an original and all of which together will constitute                one and the same instrument; provided, however, that failure of any                Guarantor to sign any or all counterparts will not affect the liability                of                any other Guarantor hereunder. |
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| **8.10  ** | **Illegality****.**                If                any provision of this Guarantee is prohibited by or invalid under                applicable law, such provision will be ineffective only to the extent                of                such prohibition or invalidity without invalidating the remainder                of such                provision and without invalidating any other provision herein; provided,                however, that if the provision that is the subject of such prohibition                or                invalidity pertains to payment, then, at the option of Trustee, all                of the                Obligations will become immediately due and                payable. |
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| **8.11  ** | **Governing                Law****.**                This Guarantee has been delivered and accepted at and will be deemed                to                have been made in Kentucky and will be interpreted and the rights                and                liabilities of the parties hereto determined in accordance with the                laws                of the Commonwealth of Kentucky, without regard to conflicts of law                principles. |
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| **8.12  ** | **Limitations****.**For                purposes of KRS 371.065, if applicable: (i) the maximum aggregate                liability of any one Guarantor is the Maximum Amount; and (ii) this                Guarantee will terminate on December 1, 2026, but such termination                will                not affect the liability of the undersigned for Obligations incurred                or                created prior to such date, or extensions or renewals of interest                accruing                on, or fees or expenses incurred with respect to, such Obligations                on or                after such date. |
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| **8.13**   | **Jurisdiction                and Venue.**Guarantor                hereby irrevocably agrees and submits to the exclusive jurisdiction                of any                state or federal court located within Gallatin County, Kentucky,                or, at                the option of the Trustee in any state or federal court(s) located                in the                county in which the Guarantor resides or has its principal place                of                business. Nothing contained herein will limit the Trustee from enforcing                a                judgment on this Guarantee in any jurisdiction where Guarantor has                assets.                Guarantor hereby irrevocably consents that all service of process                be made                by certified mail directed to Guarantor at its address set forth                herein                for notices and service so made will be deemed to be completed the                earlier                of Guarantor's actual receipt thereof or five (5) business days after                the                same has been deposited in U.S. Mails, postage prepaid certified,                return                receipt requested. Nothing contained herein will prevent Trustee                from                serving process in any other manner permitted by law. **Guarantor                and Trustee each waive any right to trial by jury in any action or                proceeding relating to this Guarantee, the Obligations, or any actual                or                proposed transaction or other matter contemplated in or relating                to any of                the foregoing.** |
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**[Signature        Page to Guarantee to The Huntington National Bank,        Trustee]**

**OSI        Restaurant Partners, Inc.**

**[Attach        Notary and Complete Exhibit A]**

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**OSI        Restaurant Partners, Inc.,**

**Richard        L Duchossois**

**Richard        T. Farmer**

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**Jerry        L. Carroll**

**John        R. Lindahl**

**John        R. Lindahl, **

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**Larry        T. Thrailkill**

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**Exhibit        A**

**Notice        Addresses**

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