Current Graphic

Need to make this 2-colors by getting rid of black 2nd font layer.  However, want to maintain integrity of current look by keeping font thickness.  Then would have to round out corners where red circle is now shown. Font is "Program OT"

Want three vector images:
1) 2 color without white border - with white "THE"
2) 2 color without white border - with transparent "THE"
3) 2 color with white border - and with white "THE"

The Lineup ®