-----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, UWC65bkgfCm/VNzVoMmMXPAE+joRqXXHIgl96gujudYOhn17luNedXetAmzqCeUb 4OmVCAQFcoeRz6/nXdu/Ew== 0001193125-05-146021.txt : 20050721 0001193125-05-146021.hdr.sgml : 20050721 20050721103809 ACCESSION NUMBER: 0001193125-05-146021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20050720 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050721 DATE AS OF CHANGE: 20050721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON REAL ESTATE INVESTMENT TRUST CENTRAL INDEX KEY: 0000104894 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 530261100 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06622 FILM NUMBER: 05965216 BUSINESS ADDRESS: STREET 1: 6110 EXECUTIVE BOULEVARD STREET 2: SUITE 800 CITY: ROCKVILLE STATE: MD ZIP: 20852 BUSINESS PHONE: 3019295900 MAIL ADDRESS: STREET 1: 6110 EXECUTIVE BOULEVARD STREET 2: SUITE 800 CITY: ROCKVILLE STATE: MD ZIP: 20852 8-K 1 d8k.htm FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported) July 20, 2005

 


 

WASHINGTON REAL ESTATE INVESTMENT TRUST

(Exact name of registrant as specified in its charter)

 


 

Maryland   1-6622   53-0261100

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification Number)

 

6110 Executive Boulevard, Suite 800, Rockville, Maryland   20852
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (301) 984-9400

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 2.02 Results of Operations and Financial Condition

 

and

 

Item 7.01 Regulation FD Disclosure

 

A press release issued by the Registrant on July 20, 2005, regarding earnings for the three and six months ended June 30, 2005, is attached as Exhibit 99.1. Also, certain supplemental information not included in the press release is attached as Exhibit 99.2. This information is being furnished pursuant to Item 7.01 and Item 2.02 of Form 8-K. This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any Securities Act registration statements.

 

Item 9.01 Financial Statements and Exhibits

 

(c) Exhibits

 

Exhibit 99.1 Press release issued July 20, 2005 regarding earnings for the three and six months ended June 30, 2005

 

Exhibit 99.2 Certain supplemental information not included in the press release


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

WASHINGTON REAL ESTATE INVESTMENT TRUST
                                         (Registrant)
By:  

/s/ Laura M. Franklin


                      (Signature)
    Laura M. Franklin
    Senior Vice President Accounting,
    Administration and Corporate Secretary

 

July 21, 2005

    (Date)


Exhibit Index

 

Exhibit
Number


 

Description


99.1   Press Release issued July 20, 2005 regarding earnings for the three and six months ended June 30, 2005
99.2   Certain supplemental information not included in the press release
EX-99.1 2 dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

 

NEWS RELEASE

 

LOGO

 

CONTACT:

Sara Grootwassink

  LOGO  

6110 Executive Blvd., Suite 800

Rockville, Maryland 20852

Chief Financial Officer

    Tel 301-984-9400

Direct Dial: 301-255-0820

    Fax 301-984-9610

E-Mail: sgrootwassink@writ.com

    www.writ.com
    Newspaper Quote: WRIT    
Page 1 of 6   FOR IMMEDIATE RELEASE   July 20, 2005

 

WASHINGTON REAL ESTATE INVESTMENT TRUST ANNOUNCES RESULTS FOR

THE QUARTER ENDED JUNE 30, 2005

 

Washington Real Estate Investment Trust (WRIT) reported the following results today:

 

    

For the three months

Ended June 30,


  

For the six months

Ended June 30,


     2005

   2004

   2005

   2004

Net Income Per Share - Diluted

   $ 0.26    $ 0.26    $ 1.26    $ 0.54

Funds from Operations (“FFO”) Per Share

   $ 0.51    $ 0.51    $ 1.00    $ 1.01

 

  Second quarter 2005 Net Income per fully diluted share was $0.26, unchanged from the second quarter of 2004. Net income per fully diluted share was $1.26 compared to $0.54 for the six months ended June 30, 2005 and 2004, respectively. This increase was due to the $32.1 million gain on the sale of three properties in February 2005 and recognition of the $1.9 million previously deferred gain from a property sale in November, 2004.

 

  Funds from Operations (“FFO”) per fully diluted share, a non-GAAP financial measure, for the second quarter 2005 was $0.51, unchanged from the second quarter of 2004. FFO per fully diluted share for the six months ended June 30, 2005 was $1.00, compared to $1.01 per fully diluted share for the six months ended June 30, 2004.

 

A reconciliation of net income to funds from operations is provided on the attached income statement.

 

“In the second quarter, we increased our quarterly dividend to $0.4025 per share, making our 35th consecutive year of dividend increases,” stated Edmund B. Cronin, Jr. “Our portfolio continues to perform well with the exception of office, however, activity in that sector is increasing significantly.”

 

Company Information

 

WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington/Baltimore metropolitan region. WRIT owns a diversified portfolio of 67 properties consisting of 12 retail centers, 27 office properties, 19 industrial properties and 9 multifamily properties.

 

WRIT’s dividends have increased every year for 35 consecutive years. WRIT’s FFO per share has increased every year for 32 consecutive years. WRIT shares are publicly traded on the New York Stock Exchange (symbol: WRE).

 

Note: WRIT’s press releases and supplemental financial information are available on the company website at www.writ.com or by contacting Investor Relations at 301-984-9400.

 

Certain statements in this press release and the supplemental disclosures attached hereto are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, fluctuations in interest rates, availability of raw materials and labor costs, levels of competition, the effect of government regulation, the availability of capital, weather conditions, the timing and pricing of lease transactions and changes in general and local economic and real estate market conditions, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2004 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.


FOR IMMEDIATE RELEASE

Page 2 of 6

 

WASHINGTON REAL ESTATE INVESTMENT TRUST

FINANCIAL HIGHLIGHTS

(In thousands, except per share data)

(Unaudited)

 

     Three Months Ended June 30,

    Six Months Ended June 30,

 

OPERATING RESULTS


   2005

    2004

    2005

    2004

 

Revenue

                                

Real estate rental revenue

   $ 46,609     $ 42,623     $ 91,996     $ 84,888  

Other income

     207       115       321       180  
    


 


 


 


       46,816       42,738       92,317       85,068  
    


 


 


 


Expenses

                                

Real estate expenses

     (13,986 )     (12,604 )     (28,192 )     (25,245 )

Interest expense

     (9,283 )     (8,614 )     (17,870 )     (17,189 )

Depreciation and amortization

     (12,967 )     (9,650 )     (23,531 )     (19,075 )

General and administrative

     (2,092 )     (1,727 )     (4,325 )     (2,956 )
    


 


 


 


       (38,328 )     (32,595 )     (73,918 )     (64,465 )
    


 


 


 


Other income from property settlement

     504       —         504       —    

Income from continuing operations

     8,992       10,143       18,903       20,603  

Discontinued operations:

                                

Income from operations of properties sold or held for sale

     —         939       234       1,781  

Gain on property disposed

     1,883       —         33,973       —    
    


 


 


 


Net Income

   $ 10,875     $ 11,082     $ 53,110     $ 22,384  
    


 


 


 


Income from continuing operations

   $ 8,992     $ 10,143     $ 18,903     $ 20,603  

Other income from property settlement

     (504 )     —         (504 )     —    

Continuing operations real estate depreciation and amortization

     12,967       9,650       23,531       19,075  
    


 


 


 


Funds from continuing operations

   $ 21,455     $ 19,793     $ 41,930     $ 39,678  
    


 


 


 


Income from discontinued operations before gain on disposal

     —         939     $ 234     $ 1,781  

Discontinued operations real estate depreciation and amortization

     —         470       —         918  
    


 


 


 


Funds from discontinued operations

     —         1,409     $ 234     $ 2,699  
    


 


 


 


Funds from operations(1)

   $ 21,455     $ 21,202     $ 42,164     $ 42,377  
    


 


 


 


Tenant improvements (3)

     (2,063 )     (2,022 )     (3,868 )     (4,814 )

External and internal leasing commissions capitalized

     (1,094 )     (623 )     (2,157 )     (1,257 )

Recurring capital improvements

     (2,360 )     (2,357 )     (4,551 )     (3,785 )

Straight-line rents, net

     (661 )     (521 )     (1,358 )     (1,085 )

Rent abatement amortization

     (892 )     277       (556 )     577  

Non real estate depreciation & amortization

     428       426       835       874  

Amortization of lease intangibles

     (33 )     (7 )     17       (72 )

Amortization of restricted share compensation

     467       —         467       —    

Other

     301       —         301       —    
    


 


 


 


Funds Available for Distribution(2)

   $ 15,548     $ 16,375     $ 31,294     $ 32,815  
    


 


 


 



Washington Real Estate Investment Trust

FOR IMMEDIATE RELEASE

Page 3 of 6

 

         Three Months Ended June 30,

   Six Months Ended June 30,

Per Share Data


       2005

   2004

   2005

   2004

Income from continuing operations

   (Basic)   $ 0.21    $ 0.24    $ 0.45    $ 0.50
     (Diluted)   $ 0.21    $ 0.24    $ 0.45    $ 0.49

Net income

   (Basic)   $ 0.26    $ 0.27    $ 1.27    $ 0.54
     (Diluted)   $ 0.26    $ 0.26    $ 1.26    $ 0.54

Funds from continuing operations

   (Basic)   $ 0.51    $ 0.48    $ 1.00    $ 0.95
     (Diluted)   $ 0.51    $ 0.47    $ 1.00    $ 0.95

Funds from operations

   (Basic)   $ 0.51    $ 0.51    $ 1.01    $ 1.02
     (Diluted)   $ 0.51    $ 0.51    $ 1.00    $ 1.01

Dividends paid

       $ 0.4025    $ 0.3925    $ 0.7950    $ 0.7650

Weighted average shares outstanding

         41,932      41,638      41,899      41,605

Fully diluted weighted average shares outstanding

         42,059      41,838      42,023      41,831

(1) Funds From Operations (“FFO”) – The National Association of Real Estate Investment Trusts, Inc. (“NAREIT”) defines FFO (April, 2002 White Paper) as net income (computed in accordance with generally accepted accounting principles (“GAAP”)) excluding gains (or losses) from sales of property plus real estate depreciation and amortization. We consider FFO to be a standard supplemental measure for equity real estate investment trusts (“REITs”) because it facilitates an understanding of the operating performance of our properties without giving effect to real estate depreciation and amortization, which historically assumes that the value of real estate assets diminishes predictably over time. Since real estate values have instead historically risen or fallen with market conditions, we believe that FFO more accurately provides investors an indication of our ability to incur and service debt, make capital expenditures and fund other needs.
(2) Funds Available for Distribution (“FAD”) is calculated by subtracting from FFO (1) recurring expenditures, tenant improvements and leasing costs that are capitalized and amortized and are necessary to maintain our properties and revenue stream and (2) straight line rents, then adding (3) non-real estate depreciation and amortization and (4) non-cash rent abatement amortization, and adding or subtracting amortization of lease intangibles, as appropriate. FAD is included herein, because we consider it to be a measure of a REIT’s ability to incur and service debt and to distribute dividends to its shareholders. FAD is a non-GAAP and non-standardized measure, and may be calculated differently by other REITs.
(3) Tenant improvements for the six months ended June 30, 2004 include payments to one tenant of $1.1 million.


FOR IMMEDIATE RELEASE

Page 4 of 6

 

WASHINGTON REAL ESTATE INVESTMENT TRUST

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

 

    

June 30,

2005


   

December 31,

2004


 

Assets

                

Land

   $ 219,492     $ 205,590  

Income producing property

     953,084       899,004  

Accumulated depreciation and amortization

     (220,607 )     (201,758 )
    


 


Net income producing property

     951,969       902,836  

Development in progress

     17,427       12,281  
    


 


Total investment in real estate, net

     969,396       915,117  

Investment in real estate held for sale, net

     —         34,158  

Cash and cash equivalents

     18,673       5,562  

Restricted cash

     4,261       388  

Rents and other receivables, net of allowance for doubtful accounts of 2,868 and 2,605, respectively

     22,553       21,423  

Prepaid expenses and other assets

     34,165       35,066  

Other assets related to properties held for sale

     —         679  
    


 


Total Assets

   $ 1,049,048     $ 1,012,393  
    


 


Liabilities

                

Accounts payable and other liabilities

   $ 30,140     $ 22,586  

Advance rents

     5,179       5,108  

Tenant security deposits

     6,305       5,784  

Other liabilities related to properties held for sale

     —         848  

Mortgage notes payable

     196,960       173,429  

Lines of credit/short-term note payable

     —         117,000  

Notes payable

     420,000       320,000  
    


 


Total Liabilities

     658,584       644,755  
    


 


Minority interest

     1,646       1,629  
    


 


Shareholders’ Equity

                

Shares of beneficial interest, $.01 par value; 100,000 shares authorized: 42,123 and 42,000 shares issued and outstanding, respectively

     421       420  

Additional paid-in capital

     407,572       405,030  

Distributions in excess of net income

     (15,878 )     (35,545 )

Less: Deferred compensation on restricted shares

     (3,297 )     (3,896 )
    


 


Total Shareholders’ Equity

     388,818       366,009  
    


 


Total Liabilities and Shareholders’ Equity

   $ 1,049,048     $ 1,012,393  
    


 



(1) Certain prior year amounts have been reclassified to conform to the current year presentation.


Washington Real Estate Investment Trust

FOR IMMEDIATE RELEASE

Page 5 of 6

 

Occupancy Levels by Core Portfolio(1) and All Properties

 

     Core Portfolio

    All Properties

 

Sector


   2nd QTR
2005


    2nd QTR
2004


    2nd QTR
2005


    2nd QTR
2004


 

Multifamily

   93.7 %   90.4 %   93.7 %   90.4 %

Office Buildings

   89.6 %   90.6 %   89.8 %   88.9 %

Retail Centers

   96.7 %   94.6 %   97.2 %   94.6 %

Industrial/Flex Centers

   92.1 %   92.6 %   92.9 %   92.6 %
    

 

 

 

Overall Portfolio

   91.7 %   91.4 %   92.0 %   90.3 %

(1) Core portfolio properties include all properties that were owned for the entirety of the current and prior year reporting periods. For Q2 2005 and Q2 2004, core portfolio properties exclude Shady Grove Medical Village II, 8301 Arlington Boulevard, Dulles Business Park, Frederick Crossing, 8230 Boone Boulevard, Tycon Plaza II, Tycon Plaza III, 7700 Leesburg Pike, and DBP Coleman Building.

 

2005 Acquisition Summary

 

     Acquisition
Date


   Square
Feet


   Leased
Percentage at
Acquisition


    June 30,
2005
Leased
Percentage


    Investment

Frederick Crossing Shopping Center, Frederick, MD

   03/23/05    294,724    100 %   100 %   $ 45,100

Coleman Building, Chantilly, VA

   04/08/05    59,767    64 %   83 %   $ 8,800
                          

Total

                         $ 53,900
                          

 

2005 Disposition Summary

 

     Disposition
Date


   Property
Type


   Square
Feet


   Sale Price
(in thousands)


   GAAP Gain

 

7700 Leesburg Pike

   02/01/05    Office    147,000    $ 20,150    $ 8,527  

Tycon Plaza II

   02/01/05    Office    127,000    $ 19,400    $ 8,867  

Tycon Plaza III

   02/01/05    Office    137,000    $ 27,950    $ 14,696  

Boone Blvd

   11/15/04    Office    58,000    $ 10,000    $ 1,883 *
              
  

  


Total

             469,000    $ 77,500    $ 33,973  
              
  

  



* Reflects the recognition of deferred gain in conjunction with property disposal in November 2004.


Washington Real Estate Investment Trust

FOR IMMEDIATE RELEASE

Page 6 of 6

 

Conference Call Information

 

WRIT will conduct a Conference/Webcast Call to discuss 2nd Quarter on Thursday, July 21, 2005 at 3:00 PM, Eastern Time. Conference call access information is as follows:

 

USA Toll Free Number:    1-888-271-8857
International Toll Number:    1-706-679-7697
Leader:    Sara Grootwassink
Conference ID:    7251508

 

The instant replay of the Conference Call will be available until August 4, 2005 at 11:59 PM Eastern Time. Instant Replay access information is as follows:

 

USA Toll Free Number:    1-800-642-1687
International Toll Number:    1-706-645-9291
Conference ID:    7251508

 

The live on-demand webcast of the Conference Call will also be available on WRIT’s website at www.writ.com. The on-line playback of the webcast will be available at www.writ.com for 30 days following the Conference Call.

EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

 

LOGO

 

Supplemental Information

June 30, 2005

 

 

Contact:   6110 Executive Boulevard
Sara Grootwassink   Suite 800
Chief Financial Officer   Rockville, MD 20852
Direct Dial: (301) 255-0820   (301) 984-9400
E-mail: sgrootwassink@writ.com   (301) 984-9610 fax


Washington Real Estate Investment Trust

Supplemental Information

Table of Contents

June 30, 2005

 

Schedule


   Page

About the Trust

   2

Consolidated Statements of Operations

   3

Consolidated Balance Sheets

   4

Funds From Operations and Funds Available for Distribution

   5

Earnings Before Interest Taxes Depreciation and Amortization (EBITDA)

   6

Long-Term Debt Analysis

   7

Capital Analysis

   8

Core Portfolio Net Operating Income (NOI) Growth & Rental Rate Growth

   9

Core Portfolio Net Operating Income (NOI) Summary

   10

Core Portfolio Net Operating Income (NOI) Detail

   11

Core Portfolio & Overall Occupancy Levels by Sector

   12

Schedule of Properties

   13

Schedule of Properties (continued)

   14

Commercial Leasing Summary

   15

10 Largest Tenants - Based on Annualized Base Rent

   16

Lease Expirations as of June 30, 2005

   17

2005 Acquisition, Disposition and Development Summary

   18

12, 36 and 60 Month Total Returns Chart

   19

Reporting Definitions

   20


Washington Real Estate Investment Trust

About the Trust

 

Mission Statement

 

Washington Real Estate Investment Trust, founded in 1960 and headquartered in Rockville, Maryland, invests in a diversified range of income-producing property types. Our purpose is to acquire and manage real estate investments in markets we know well and protect our assets from single property-type value fluctuations through diversified holdings. Our goal is to continue to safely increase earnings and shareholder value.

 

Company Background

 

We are a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington-Baltimore region. We own a diversified portfolio of 67 properties consisting of 12 retail centers, 27 office properties, 19 industrial/flex properties and 9 multifamily properties.

 

Our dividends have increased every year for 35 consecutive years and our Funds From Operations (“FFO”) per share has increased every year for 32 consecutive years. WRIT shares are publicly traded on the New York Stock Exchange (symbol: WRE).

 

Certain statements in the supplemental disclosures which follow are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, fluctuations in interest rates, availability of raw materials and labor costs, levels of competition, the effect of government regulation, the availability of capital, weather conditions, the timing and pricing of lease transactions and changes in general and local economic and real estate market conditions, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2004 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

 

2


Washington Real Estate Investment Trust

Consolidated Statements of Operations

(In thousands, except per share data)

(unaudited)

 

     Three Months Ended

 

OPERATING RESULTS


   06/30/05

    03/31/05

    12/31/04

    09/30/04

    06/30/04

 

Real estate rental revenue

   $ 46,609     $ 45,387     $ 43,828     $ 43,351     $ 42,624  

Real estate expenses

     (13,986 )     (14,205 )     (12,984 )     (13,165 )     (12,604 )
    


 


 


 


 


       32,623       31,182       30,844       30,186       30,020  

Real estate depreciation and amortization

     (12,967 )     (10,565 )     (10,315 )     (10,051 )     (9,651 )
    


 


 


 


 


Income from real estate

     19,656       20,617       20,529       20,135       20,369  

Other income

     207       114       88       59       115  

Other income from property settlement

     504       —         —         —         —    

Interest expense

     (9,283 )     (8,588 )     (8,551 )     (8,760 )     (8,614 )

General and administrative

     (2,092 )     (2,232 )     (1,622 )     (1,616 )     (1,727 )
    


 


 


 


 


Income from continuing operations

     8,992       9,911       10,444       9,818       10,143  

Discontinued operations:

                                        

Income (loss) from operations of properties sold or held for sale

     —         234       910       979       939  

Gain on sale of real estate investment

     1,883       32,089       1,029       —         —    
    


 


 


 


 


Income (loss) from discontinued operations

     1,883       32,323       1,939       979       939  
Net Income    $ 10,875     $ 42,234     $ 12,383     $ 10,797     $ 11,082  
    


 


 


 


 


Per Share Data                                         

Net Income

   $ 0.26     $ 1.01     $ 0.30     $ 0.26     $ 0.26  

Fully diluted weighted average shares outstanding

     42,059       42,015       41,911       41,883       41,838  
Percentage of Revenues:                                         

Real estate expenses

     30.0 %     31.3 %     29.6 %     30.4 %     29.6 %

General and administrative

     4.5 %     4.9 %     3.7 %     3.7 %     4.1 %
Ratios:                                         

EBITDA / Interest expense

     3.4 x     3.4 x     3.6 x     3.4 x     3.5 x

Income from continuing operations/Total real estate revenue

     19.3 %     21.8 %     23.8 %     22.6 %     23.8 %

Net income/Total real estate revenue

     23.3 %     93.1 %     28.3 %     24.9 %     26.0 %

 

3


Washington Real Estate Investment Trust

Consolidated Balance Sheets

(In thousands)

(unaudited)

 

     June 30,
2005


    March 31,
2005


    December 31,
2004


    September 30,
2004


    June 30,
2004


 

Assets

                                        

Land

   $ 219,492     $ 218,350     $ 205,590     $ 199,399     $ 197,403  

Income producing property

     953,084       939,649       899,004       841,261       817,106  

Accumulated depreciation and amortization

     (220,607 )     (210,849 )     (201,758 )     (192,338 )     (183,339 )
    


 


 


 


 


Net income producing property

     951,969       947,150       902,836       848,322       831,170  

Development in progress

     17,427       15,313       12,281       10,942       8,861  
    


 


 


 


 


Total investment in real estate, net

     969,396       962,463       915,117       859,264       840,031  

Investment in real estate sold or held for sale, net

     —         —         34,158       41,091       41,315  

Cash and cash equivalents

     18,673       5,491       5,562       3,061       8,304  

Restricted cash

     4,261       12,515       388       66       32  

Rents and other receivables, net of allowance for doubtful accounts

     22,553       21,365       21,423       21,098       20,529  

Prepaid expenses and other assets

     34,165       34,997       35,066       32,911       26,499  

Other assets related to properties sold or held for sale

     —         —         679       711       756  
    


 


 


 


 


Total Assets

   $ 1,049,048     $ 1,036,831     $ 1,012,393     $ 958,202     $ 937,466  
    


 


 


 


 


Liabilities and Shareholders’ Equity

                                        

Accounts payable and other liabilities

   $ 30,140     $ 23,285     $ 22,586     $ 21,170     $ 22,475  

Advance rents

     5,179       5,551       5,108       4,882       4,947  

Tenant security deposits

     6,305       5,990       5,784       5,718       5,621  

Other liabilities related to properties sold or held for sale

     —         —         848       1,208       1,461  

Mortgage notes payable

     196,960       197,775       173,429       150,904       141,271  

Lines of credit/short-term note payable

     —         90,500       117,000       30,850       13,250  

Notes payable

     420,000       320,000       320,000       375,000       375,000  
    


 


 


 


 


Total Liabilities

     658,584       643,101       644,755       589,732       564,025  
    


 


 


 


 


Minority interest

     1,646       1,642       1,629       1,624       1,615  
    


 


 


 


 


Shareholders’ Equity

                                        

Shares of beneficial interest, $0.01 par value; 100,000 shares authorized

   $ 421     $ 420     $ 420     $ 418     $ 418  

Additional paid-in capital

     407,572       405,119       405,029       401,006       400,713  

Distributions in excess of net income

     (15,878 )     (9,796 )     (35,544 )     (31,444 )     (25,840 )

Less: Deferred Compensation on restricted shares

     (3,297 )     (3,655 )     (3,896 )     (3,134 )     (3,465 )
    


 


 


 


 


Total Shareholders’ Equity

     388,818       392,088       366,009       366,846       371,826  
    


 


 


 


 


Total Liabilities and Shareholders’ Equity

   $ 1,049,048     $ 1,036,831     $ 1,012,393     $ 958,202     $ 937,466  
    


 


 


 


 


Total Debt / Total Market Capitalization

     0.32:1       0.34:1       0.30:1       0.31:1       0.30:1  
    


 


 


 


 


 

Note: Certain prior quarter amounts have been reclassified to conform to the current quarter presentation.

 

4


Washington Real Estate Investment Trust

Funds From Operations and Funds Available for Distribution

(In thousands, except per share data)

(unaudited)

 

     Three Months Ended

 
     06/30/05

    03/31/05

    12/31/04

    09/30/04

    06/30/04

 
Funds From Operations(1)                                         

Net Income

   $ 10,875     $ 42,234     $ 12,383     $ 10,797     $ 11,082  

Real estate depreciation and amortization

     12,967       10,565       10,315       10,051       9,650  

Discontinued operations:

                                        

Gain on property disposed

     (1,883 )     (32,089 )     (1,029 )     —         —    

Other income from property settlement

     (504 )     —         —         —         —    

Real estate depreciation and amortization

     —         —         270       464       470  
    


 


 


 


 


Funds From Operations (FFO)

     21,455       20,710       21,939       21,312       21,202  
    


 


 


 


 


FFO per share - basic

   $ 0.51     $ 0.49     $ 0.53     $ 0.51     $ 0.51  

FFO per share - fully diluted

   $ 0.51     $ 0.49     $ 0.52     $ 0.51     $ 0.51  
Funds Available for Distribution(2)                                         

Tenant Improvements

     (2,063 )     (1,805 )     (3,057 )     (1,561 )     (2,022 )

External and Internal Leasing Commissions Capitalized

     (1,094 )     (1,063 )     (923 )     (533 )     (623 )

Recurring Capital Improvements

     (2,360 )     (2,192 )     (3,009 )     (2,274 )     (2,357 )

Straight-Line Rent, Net

     (661 )     (697 )     (610 )     (434 )     (521 )

Rent abatement amortization

     (892 )     336       308       331       277  

Non-real estate depreciation and amortization

     428       407       400       424       426  

Amortization of lease intangibles-FAS 141

     (33 )     50       51       8       (7 )

Amortization of restricted share compensation

     467       —         —         —         —    

Other

     301       —         —         —         —    
    


 


 


 


 


Funds Available for Distribution (FAD)

   $ 15,548     $ 15,746     $ 15,099     $ 17,273     $ 16,375  
    


 


 


 


 


Total Dividends Paid

   $ 16,956     $ 16,486     $ 16,483     $ 16,401     $ 16,394  

Average shares - basic

     41,932       41,866       41,711       41,648       41,638  

Average shares - fully diluted

     42,059       42,015       41,911       41,883       41,838  

(1) Funds From Operations (“FFO”) – The National Association of Real Estate Investment Trusts, Inc. (“NAREIT”) defines FFO (April, 2002 White Paper) as net income (computed in accordance with generally accepted accounting principles (“GAAP”)) excluding gains (or losses) from sales of property plus real estate depreciation and amortization. We consider FFO to be a standard supplemental measure for equity real estate investment trusts (“REITs”) because it facilitates an understanding of the operating performance of our properties without giving effect to real estate depreciation and amortization, which historically assumes that the value of real estate assets diminishes predictably over time. Since real estate values have instead historically risen or fallen with market conditions, we believe that FFO more accurately provides investors an indication of our ability to incur and service debt, make capital expenditures and fund other needs. FFO is a non-GAAP measure.
(2) Funds Available for Distribution (“FAD”) is calculated by subtracting from FFO (1) recurring expenditures, tenant improvements and leasing costs, that are capitalized and amortized and are necessary to maintain our properties and revenue stream and (2) straight line rents, then adding (3) non-real estate depreciation and amortization and (4) non-cash amortization of rent abatements, and adding or subtracting the amortization of lease intangibles as appropriate. FAD is included herein, because we consider it to be a measure of a REIT’s ability to incur and service debt and to distribute dividends to its shareholders. FAD is a non-GAAP and non-standardized measure, and may be calculated differently by other REITs.

 

5


Washington Real Estate Investment Trust

Earnings Before Interest Taxes Depreciation and Amortization (EBITDA)

(In thousands)

(unaudited)

 

     Three Months Ended

 
     06/30/05

    03/31/05

    12/31/04

    09/30/04

    06/30/04

 
EBITDA(1)                                         

Net income

   $ 10,875     $ 42,234     $ 12,383     $ 10,797     $ 11,082  

Add:

                                        

Interest expense

     9,283       8,588       8,551       8,760       8,614  

Real estate depreciation and amortization

     12,967       10,565       10,585       10,515       10,121  

Non-real estate depreciation

     80       84       95       103       111  

Less:

                                        

Gain on sale of real estate

     (1,883 )     (32,089 )     (1,029 )     —         —    

Other income

     (207 )     (114 )     (88 )     (59 )     (115 )
    


 


 


 


 


EBITDA

   $ 31,115     $ 29,268     $ 30,497     $ 30,116     $ 29,813  
    


 


 


 


 



(1) EBITDA is earnings before interest, taxes, depreciation and amortization. We consider EBITDA to be an appropriate supplemental performance measure because it eliminates depreciation, interest and the gain (loss) from property dispositions, which permits investors to view income from operations without the effect of non-cash depreciation or the cost of debt. EBITDA is a non-GAAP measure.

 

6


Washington Real Estate Investment Trust

Long-Term Debt Analysis

(In thousands, except per share amounts)

 

     June 30,
2005


   

March 31,

2005


    December 31,
2004


    September 30,
2004


    June 30,
2004


 

Balances Outstanding

                                        

Secured

                                        

Conventional fixed rate

   $ 196,960     $ 197,775     $ 173,429     $ 150,904     $ 141,271  
    


 


 


 


 


Secured total

     196,960       197,775       173,429       150,904       141,271  
    


 


 


 


 


Unsecured

                                        

Fixed rate bonds and notes

     420,000       320,000       320,000       375,000       375,000  

Credit facility

     —         90,500       117,000       30,850       13,250  
    


 


 


 


 


Unsecured total

     420,000       410,500       437,000       405,850       388,250  
    


 


 


 


 


Total

   $ 616,960     $ 608,275     $ 610,429     $ 556,754     $ 529,521  
    


 


 


 


 


Average Interest Rates

                                        

Secured

                                        

Conventional fixed rate

     6.2 %     6.2 %     6.6 %     6.6 %     6.6 %
    


 


 


 


 


Secured total

     6.2 %     6.2 %     6.6 %     6.6 %     6.6 %
    


 


 


 


 


Unsecured

                                        

Fixed rate bonds

     6.0 %     6.2 %     6.2 %     6.5 %     6.5 %

Credit facilities

     0.0 %     3.4 %     3.1 %     2.4 %     1.8 %
    


 


 


 


 


Unsecured total

     6.0 %     5.6 %     5.4 %     6.2 %     6.3 %
    


 


 


 


 


Average

     6.0 %     5.8 %     5.7 %     6.3 %     6.4 %
    


 


 


 


 


Maturity Schedule

                                        
     Future Maturities of Debt

   

Average

Interest Rate


 

Year


   Secured Debt

    Unsecured Debt

    Credit Facilities

    Total Debt

   

2005

   $ 27,181     $ —       $ —       $ 27,181       7.6 %

2006

     8,660       50,000       —         58,660       7.2 %

2007

     9,981       —         —         9,981       6.5 %

2008

     2,242       60,000       —         62,242       6.7 %

2009

     52,369       —         —         52,369       7.1 %

2010

     2,496       —         —         2,496       5.2 %

2011

     11,673       —         —         11,673       5.3 %

2012

     19,261       50,000       —         69,261       5.0 %

2013

     63,097       60,000       —         123,097       5.3 %

Thereafter

     —         200,000       —         200,000       5.9 %
    


 


 


 


 


Total maturities

   $ 196,960     $ 420,000     $ —       $ 616,960       6.0 %
    


 


 


 


 


 

Weighted average maturity = 7.4 years

 

7


Washington Real Estate Investment Trust

Capital Analysis

(In thousands, except per share amounts)

 

     June 30,
2005


    March 31,
2005


    December 31,
2004


    September 30,
2004


   

June 30,

2004


 

Market Data

                                        

Shares Outstanding

     42,123       42,004       42,000       41,786       41,769  

Market Price per Share

   $ 31.20     $ 28.75     $ 33.87     $ 30.30     $ 29.38  

Equity Market Capitalization

   $ 1,314,238     $ 1,207,615     $ 1,422,540     $ 1,266,116     $ 1,227,173  

Total Debt

   $ 616,960     $ 608,275     $ 610,429     $ 556,754     $ 529,521  

Total Market Capitalization

   $ 1,931,198     $ 1,815,890     $ 2,032,969     $ 1,822,870     $ 1,756,694  

Total Debt to Market Capitalization

     0.32:1       0.34:1       0.30:1       0.31:1       0.30:1  
    


 


 


 


 


Earnings to Fixed Charges(1)

     1.9 x     2.1 x     2.2 x     2.1 x     2.1 x

Debt Service Coverage Ratio(2)

     3.1 x     3.2 x     3.3 x     3.3 x     3.3 x

Dividend Data

                                        

Total Dividends Paid

   $ 16,956     $ 16,486     $ 16,483     $ 16,401     $ 16,394  

Common Dividend per Share

   $ 0.4025     $ 0.3925     $ 0.3925     $ 0.3925     $ 0.3925  

Payout Ratio (FFO per share basis)

     78.9 %     79.6 %     75.0 %     77.1 %     77.5 %

(1) The ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. For this purpose, earnings consist of income from continuing operations plus fixed charges, less capitalized interest. Fixed charges consist of interest expense, including amortized costs of debt issuance, plus interest costs capitalized.
(2) Debt service coverage ratio is computed by dividing earnings before interest income and expense, depreciation, amortization and gain on sale of real estate by interest expense and principal amortization.

 

8


Washington Real Estate Investment Trust

Core Portfolio Net Operating Income (NOI) Growth & Rental Rate Growth

Q2 2005 vs. Q2 2004

 

Cash Basis

 

Sector


   NOI
Growth


   

Rental Rate

Growth


 

Multifamily

   4.6 %   3.1 %

Office Buildings

   -3.5 %   -0.2 %

Retail Centers

   3.1 %   1.1 %

Industrial / Flex Properties

   3.2 %   3.4 %

Overall Core Portfolio

   -0.1 %   1.1 %

 

GAAP Basis

 

Sector


   NOI
Growth


   

Rental Rate

Growth


 

Multifamily

   4.8 %   3.2 %

Office Buildings

   -4.0 %   -0.5 %

Retail Centers

   3.1 %   1.1 %

Industrial / Flex Properties

   4.9 %   3.9 %

Overall Core Portfolio

   -0.1 %   1.0 %

 

9


Washington Real Estate Investment Trust

Core Portfolio Net Operating Income (NOI) Summary

(In Thousands)

 

     Three Months Ended June 30,

 
     2005

   2004

   % Change

 

Cash Basis:

                    

Multifamily

   $ 4,567    $ 4,365    4.6 %

Office Buildings

     14,852      15,394    -3.5 %

Retail Centers

     5,319      5,158    3.1 %

Industrial/Flex

     4,712      4,565    3.2 %
    

  

  

     $ 29,450    $ 29,482    -0.1 %
    

  

  

GAAP Basis:

                    

Multifamily

   $ 4,569    $ 4,359    4.8 %

Office Buildings

     15,264      15,894    -4.0 %

Retail Centers

     5,391      5,227    3.1 %

Industrial/Flex

     4,762      4,540    4.9 %
    

  

  

     $ 29,986    $ 30,020    -0.1 %
    

  

  

 

10


Washington Real Estate Investment Trust

Core Portfolio Net Operating Income (NOI) Detail

(In Thousands)

 

     Three Months Ended June 30, 2005

 
     Multifamily

    Office

    Retail

    Industrial

    Corporate and
Other


    Total

 

Real estate rental revenue

                                                

Core Portfolio

   $ 7,579     $ 22,444     $ 7,000     $ 6,243     $ —       $ 43,266  

Non-core- acquired 1

     —         792       1,132       1,419       —         3,343  
    


 


 


 


 


 


Total

     7,579       23,236       8,132       7,662       —         46,609  

Real estate expenses

                                                

Core Portfolio

     3,010       7,180       1,609       1,481       —         13,280  

Non-core- acquired 1

     —         228       177       301       —         706  
    


 


 


 


 


 


Total

     3,010       7,408       1,786       1,782       —         13,986  

Net Operating Income (NOI)

                                                

Core Portfolio

     4,569       15,264       5,391       4,762       —         29,986  

Non-core- acquired 1

     —         564       955       1,118       —         2,637  
    


 


 


 


 


 


Total

   $ 4,569     $ 15,828     $ 6,346     $ 5,880     $ —       $ 32,623  
    


 


 


 


 


 


Core Portfolio NOI GAAP Basis (from above)

   $ 4,569     $ 15,264     $ 5,391     $ 4,762     $ —       $ 29,986  

Straight-line revenue, net for core properties

     (2 )     (329 )     (102 )     (80 )     —         (513 )

Amortization of lease intangibles for core properties

     —         (83 )     30       30       —         (23 )
    


 


 


 


 


 


Core portfolio NOI, Cash Basis

   $ 4,567     $ 14,852     $ 5,319     $ 4,712     $ —       $ 29,450  
    


 


 


 


 


 


Reconciliation of NOI to Net Income

                                                

Total NOI

   $ 4,569     $ 15,828     $ 6,346     $ 5,880     $ —       $ 32,623  

Other revenue

     —         —         —         —         207       207  

Other income from property settlement

     —         —         —         —         504       504  

Interest expense

     (1,062 )     (1,168 )     (351 )     (509 )     (6,192 )     (9,282 )

Depreciation and amortization

     (1,274 )     (6,276 )     (3,215 )     (1,999 )     (204 )     (12,968 )

General and administrative

     —         —         —         —         (2,092 )     (2,092 )

Discontinued Operations 2

     —         1,883       —         —         —         1,883  
    


 


 


 


 


 


Net Income

   $ 2,233     $ 10,267     $ 2,780     $ 3,372     $ (7,777 )   $ 10,875  
    


 


 


 


 


 


     Three Months Ended June 30, 2004

 
     Multifamily

    Office

    Retail

    Industrial

    Corporate and
Other


    Total

 

Real estate rental revenue

                                                

Core Portfolio

   $ 7,176     $ 22,800     $ 6,803     $ 5,845     $ —       $ 42,624  

Non-core- acquired 1

     —         —         —         —         —         —    
    


 


 


 


 


 


Total

     7,176       22,800       6,803       5,845       —         42,624  

Real estate expenses

                                                

Core Portfolio

     2,817       6,906       1,576       1,305       —         12,604  

Non-core- acquired 1

     —         —         —         —         —         —    
    


 


 


 


 


 


Total

     2,817       6,906       1,576       1,305       —         12,604  

Net Operating Income (NOI)

                                                

Core Portfolio

     4,359       15,894       5,227       4,540       —         30,020  

Non-core- acquired 1

     —         —         —         —         —         —    
    


 


 


 


 


 


Total

   $ 4,359     $ 15,894     $ 5,227     $ 4,540     $ —       $ 30,020  
    


 


 


 


 


 


Core Portfolio NOI GAAP Basis (from above)

   $ 4,359     $ 15,894     $ 5,227     $ 4,540     $ —       $ 30,020  

Straight-line revenue, net for core properties

     6       (415 )     (112 )     (10 )     —         (531 )

Amortization of lease intangibles for core properties

     —         (85 )     43       35       —         (7 )
    


 


 


 


 


 


Core portfolio NOI, Cash Basis

   $ 4,365     $ 15,394     $ 5,158     $ 4,565     $ —       $ 29,482  
    


 


 


 


 


 


Reconciliation of NOI to Net Income

                                                

Total NOI

   $ 4,359     $ 15,894     $ 5,227     $ 4,540     $ —       $ 30,020  

Other revenue

     —         —         —         —         115       115  

Non-Disposal Gain

     —         —         —         —         —         —    

Interest expense

     (1,067 )     (1,106 )     —         (252 )     (6,189 )     (8,614 )

Depreciation and amortization

     (1,198 )     (5,945 )     (907 )     (1,363 )     (238 )     (9,651 )

General and administrative

     —         —         —         —         (1,727 )     (1,727 )

Discontinued Operations 2

     —         939       —         —         —         939  
    


 


 


 


 


 


Net Income

   $ 2,094     $ 9,782     $ 4,320     $ 2,925     $ (8,039 )   $ 11,082  
    


 


 


 


 


 



1 Non-core acquired properties for Q2 2005 and Q2 2004 were Shady Grove Medical Village II, 8301 Arlington Boulevard, Dulles Business Park, Frederick Crossing and the Coleman Building.
2 Discontinued operations consists of: 8230 Boone Boulevard, 7700 Leesburg, Tycon Plaza II and Tycon Plaza III.

 

11


Washington Real Estate Investment Trust

Core Portfolio & Overall Occupancy Levels by Sector

Q2 2005 vs. Q2 2004

 

GAAP Basis       
     Core Portfolio

    All Properties

 

Sector


   2nd QTR
2005


    2nd QTR
2004


    2nd QTR
2005


    2nd QTR
2004


 

Multifamily

   93.7 %   90.4 %   93.7 %   90.4 %

Office Buildings

   89.6 %   90.6 %   89.8 %   88.9 %

Retail Centers

   96.7 %   94.6 %   97.2 %   94.6 %

Industrial / Flex Properties

   92.1 %   92.6 %   92.9 %   92.6 %
    

 

 

 

Overall Portfolio

   91.7 %   91.4 %   92.0 %   90.3 %

 

12


Washington Real Estate Investment Trust

Schedule of Properties

June 30, 2005

 

PROPERTIES


  

LOCATION


   YEAR
ACQUIRED


   YEAR
CONSTRUCTED


  NET RENTABLE
SQUARE FEET


Office Buildings

                  

1901 Pennsylvania Avenue

   Washington, DC    1977    1960   97,000

51 Monroe Street

   Rockville, MD    1979    1975   208,000

515 King Street

   Alexandria, VA    1992    1966   78,000

The Lexington Building

   Rockville, MD    1993    1970   46,000

The Saratoga Building

   Rockville, MD    1993    1977   59,000

Brandywine Center

   Rockville, MD    1993    1969   35,000

6110 Executive Boulevard

   Rockville, MD    1995    1971   199,000

1220 19th Street

   Washington, DC    1995    1976   102,000

Maryland Trade Center I

   Greenbelt, MD    1996    1981   190,000

Maryland Trade Center II

   Greenbelt, MD    1996    1984   158,000

1600 Wilson Boulevard

   Arlington, VA    1997    1973   166,000

7900 Westpark Drive

   McLean, VA    1997    1972/1986/19991   521,000

Woodburn Medical Park I

   Annandale, VA    1998    1984   71,000

Woodburn Medical Park II

   Annandale, VA    1998    1988   96,000

600 Jefferson Plaza

   Rockville, MD    1999    1985   115,000

1700 Research Boulevard

   Rockville, MD    1999    1982   103,000

Parklawn Plaza

   Rockville, MD    1999    1986   40,000

Wayne Plaza

   Silver Spring, MD    2000    1970   91,000

Courthouse Square

   Alexandria, VA    2000    1979   113,000

One Central Plaza

   Rockville, MD    2001    1974   267,000

The Atrium Building

   Rockville, MD    2002    1980   81,000

1776 G Street

   Washington, DC    2003    1979   262,000

Prosperity Medical Center I

   Merrifield, VA    2003    2000   92,000

Prosperity Medical Center II

   Merrifield, VA    2003    2001   88,000

Prosperity Medical Center III

   Merrifield, VA    2003    2002   75,000

Shady Grove Medical Village II

   Rockville, MD    2004    1999   66,000

8301 Arlington Boulevard

   Fairfax, VA    2004    1965   50,000
                  

Subtotal

                 3,469,000
                  

Retail Centers

                  

Takoma Park

   Takoma Park, MD    1963    1962   51,000

Westminster

   Westminster, MD    1972    1969   146,000

Concord Centre

   Springfield, VA    1973    1960   76,000

Wheaton Park

   Wheaton, MD    1977    1967   72,000

Bradlee

   Alexandria, VA    1984    1955   168,000

Chevy Chase Metro Plaza

   Washington, DC    1985    1975   50,000

Montgomery Village Center

   Gaithersburg, MD    1992    1969   198,000

Shoppes of Foxchase

   Alexandria, VA    1994    1960   128,000

Frederick County Square

   Frederick, MD    1995    1973   227,000

800 S. Washington Street2

   Alexandria, VA    1998/2003    1955/1959   45,000

Centre at Hagerstown

   Hagerstown, MD    2002    2000   334,000

Frederick Crossing

   Frederick, MD    2005    1999/2003   295,000
                  

Subtotal

                 1,790,000
                  

1 A 49,000 square foot addition to 7900 Westpark Drive was completed in September 1999.
2 South Washington Street includes 718 Jefferson Street, acquired in May 2003 to complete the ownership of the entire block of 800 S. Washington Street.

 

13


Washington Real Estate Investment Trust

Schedule of Properties (Cont.)

June 30, 2005

 

PROPERTIES


  

LOCATION


   YEAR
ACQUIRED


   YEAR
CONSTRUCTED


  NET RENTABLE*
SQUARE FEET


Multifamily Buildings * / # units

                  

3801 Connecticut Avenue / 307

   Washington, DC    1963    1951   177,000

Roosevelt Towers / 190

   Falls Church, VA    1965    1964   168,000

Country Club Towers / 227

   Arlington, VA    1969    1965   159,000

Park Adams / 200

   Arlington, VA    1969    1959   172,000

Munson Hill Towers / 279

   Falls Church, VA    1970    1963   259,000

The Ashby at McLean / 250

   McLean, VA    1996    1982   244,000

Walker House Apartments / 212

   Gaithersburg, MD    1996    1971/20033   154,000

Bethesda Hill Apartments / 194

   Bethesda, MD    1997    1986   226,000

Avondale / 236

   Laurel, MD    1999    1987   170,000
                  

Subtotal (2,095 units)

                 1,729,000
                  

Industrial Distribution / Flex Properties

                  

Fullerton Business Center

   Springfield, VA    1985    1980   104,000

Pepsi-Cola Distribution Center

   Forestville, MD    1987    1971   69,000

Charleston Business Center

   Rockville, MD    1993    1973   85,000

Tech 100 Industrial Park

   Elkridge, MD    1995    1990   167,000

Crossroads Distribution Center

   Elkridge, MD    1995    1987   85,000

The Alban Business Center

   Springfield, VA    1996    1981/1982   87,000

The Earhart Building

   Chantilly, VA    1996    1987   93,000

Ammendale Technology Park I

   Beltsville, MD    1997    1985   167,000

Ammendale Technology Park II

   Beltsville, MD    1997    1986   108,000

Pickett Industrial Park

   Alexandria, VA    1997    1973   246,000

Northern Virginia Industrial Park

   Lorton, VA    1998    1968/1991   788,000

8900 Telegraph Road

   Lorton, VA    1998    1985   32,000

Dulles South IV

   Chantilly, VA    1999    1988   83,000

Sully Square

   Chantilly, VA    1999    1986   95,000

Amvax

   Beltsville, MD    1999    1986   31,000

Sullyfield Center

   Chantilly, VA    2001    1985   245,000

Fullerton Industrial Center

   Springfield, VA    2003    1980   137,000

8880 Gorman Road

   Laurel, MD    2004    2000   141,000

Dulles Business Park Portfolio

   Chantilly, VA    2004/2005    1999-2005   325,000
                  

Subtotal

                 3,088,000
                  

TOTAL

                 10,076,000
                  

* Multifamily buildings are presented in gross square feet.
3 A 16 unit addition referred to as The Gardens at Walker House was completed in October 2003.

 

14


Washington Real Estate Investment Trust

Commercial Leasing Summary

Three and six months ended 06/30/05

 

    

Three months ended

30-Jun-05


   

Six months ended

30-Jun-05


 

Gross Leasing Square Footage

                

Office Buildings

     95,512       425,067  

Retail Centers

     47,392       83,995  

Industrial Centers

     191,543       377,642  
    


 


Total

     334,447       886,704  
    


 


Weighted Average Term (yrs)

                

Office Buildings

     4.1       5.2  

Retail Centers

     3.8       5.5  

Industrial Centers

     5.3       4.4  
    


 


Total

     4.7       4.8  
    


 


     GAAP

    CASH

    GAAP

    CASH

 

Rental Rate Increases:

                                

Rate on expiring leases

                                

Office Buildings

   $ 26.56     $ 27.07     $ 30.99     $ 31.55  

Retail Centers

     25.13       25.69       25.59       26.11  

Industrial Centers

     8.95       9.09       8.42       8.54  
    


 


 


 


Total

   $ 16.27     $ 16.58     $ 20.86     $ 21.23  
    


 


 


 


Rate on new and renewal leases

                                

Office Buildings

   $ 26.93     $ 25.64     $ 32.50     $ 31.00  

Retail Centers

     30.25       28.37       32.12       29.62  

Industrial Centers

     9.33       8.53       8.82       8.23  
    


 


 


 


Total

   $ 17.32     $ 16.23     $ 22.38     $ 21.17  
    


 


 


 


% Increase

                                

Office Buildings

     1.39 %     -5.28 %     4.87 %     -1.74 %

Retail Centers

     20.37 %     10.43 %     25.52 %     13.44 %

Industrial Centers

     4.25 %     -6.16 %     4.75 %     -3.63 %
    


 


 


 


Total

     6.45 %     -2.11 %     7.29 %     -0.28 %
    


 


 


 


     Total Dollars

    Dollars per
Square Foot


    Total Dollars

    Dollars per
Square Foot


 

Tenant Improvements and Leasing Costs

                                

Office Buildings

   $ 1,488,557     $ 15.59     $ 7,247,598     $ 17.05  

Retail Centers

     513,735       10.84       1,032,126       12.29  

Industrial Centers

     1,547,461       8.08       1,846,702       4.89  
    


 


 


 


Total

   $ 3,549,753     $ 10.61     $ 10,126,426     $ 11.42  
    


 


 


 


 

15


Washington Real Estate Investment Trust

10 Largest Tenants - Based on Annualized Rent

June 30, 2005

 

Tenant


  

Number of

Buildings


  

Weighted

Average

Remaining

Lease Term

in Months


  

Percentage

of Aggregate

Portfolio

Annualized

Rent


   

Aggregate

Rentable

Square Feet


  

Percentage

of Aggregate
Occupied

Square

Feet


 

World Bank**

   1    56    4.38 %   149,284    2.00 %

Sunrise Senior Living, Inc.

   1    99    3.49 %   180,066    2.42 %

General Services Administration

   5    44    2.27 %   231,649    3.11 %

Sun Microsystems, Inc.

   1    18    2.24 %   110,184    1.48 %

INOVA Health Care Services

   4    59    1.98 %   83,631    1.12 %

International Monetary Fund**

   1    6    1.74 %   59,146    0.79 %

George Washington University

   2    36    1.53 %   66,066    0.89 %

IQ Solutions

   1    60    1.38 %   58,473    0.78 %

United Communications Group

   1    35    1.26 %   63,189    0.85 %

Lockheed Corporation

   2    15    1.20 %   73,770    0.99 %
         
  

 
  

Total/Weighted Average

        49    21.48 %   1,075,458    14.43 %
         
  

 
  


** World Bank has an executed lease for expansion into the International Monetary Fund space effective 1/1/06 for a term of 60 months - World Bank’s percentage of aggregate rent will be 6.13% and 2.80% of aggregate square feet.

 

16


Washington Real Estate Investment Trust

 

Lease Expirations

 

June 30, 2005

 

Year


   Number of
Leases


   Rentable
Square Feet


   Percent of
Rentable
Square Feet


    Annualized
Rent *


   Average
Rental
Rate


   Percent of
Annualized
Rent *


 
Office:                                     

2005

   51    125,619    4.2 %   $ 3,718,935    $ 29.60    4.5 %

2006

   114    479,400    16.1 %     12,703,474      26.50    15.2 %

2007

   84    295,205    9.9 %     7,737,570      26.21    9.3 %

2008

   83    395,969    13.3 %     11,306,226      28.55    13.6 %

2009

   76    372,985    12.5 %     10,125,759      27.15    12.1 %

2010 and thereafter

   159    1,315,968    44.1 %     37,823,325      28.74    45.3 %
    
  
  

 

  

  

     567    2,985,146    100.0 %   $ 83,415,289    $ 27.94    100.0 %
    
  
  

 

  

  

Retail:                                     

2005

   15    25,359    1.5 %   $ 659,314    $ 26.00    2.4 %

2006

   46    153,260    8.8 %     2,977,322      19.43    10.8 %

2007

   54    163,040    9.4 %     3,441,132      21.11    12.5 %

2008

   28    175,320    10.1 %     1,637,233      9.34    6.0 %

2009

   33    141,799    8.1 %     2,790,812      19.68    10.2 %

2010 and thereafter

   104    1,083,865    62.2 %     15,968,171      14.73    58.1 %
    
  
  

 

  

  

     280    1,742,643    100.0 %   $ 27,473,984    $ 15.77    100.0 %
    
  
  

 

  

  

Industrial:                                     

2005

   36    298,384    10.9 %   $ 2,520,697    $ 8.45    10.4 %

2006

   54    518,703    19.0 %     4,751,248      9.16    19.6 %

2007

   28    282,317    10.4 %     2,196,580      7.78    9.0 %

2008

   39    509,223    18.7 %     4,414,182      8.67    18.2 %

2009

   35    514,331    18.9 %     4,649,872      9.04    19.2 %

2010 and thereafter

   34    602,352    22.1 %     5,727,328      9.51    23.6 %
    
  
  

 

  

  

     226    2,725,310    100.0 %   $ 24,259,907    $ 8.90    100.0 %
    
  
  

 

  

  

Total:                                     

2005

   102    449,362    6.0 %   $ 6,898,946    $ 15.35    5.1 %

2006

   214    1,151,363    15.4 %     20,432,044      17.75    15.1 %

2007

   166    740,562    9.9 %     13,375,282      18.06    9.9 %

2008

   150    1,080,512    14.5 %     17,357,641      16.06    12.9 %

2009

   144    1,029,115    13.8 %     17,566,443      17.07    13.0 %

2010 and thereafter

   297    3,002,185    40.3 %     59,518,824      19.83    44.0 %
    
  
  

 

  

  

     1,073    7,453,099    100.0 %   $ 135,149,180    $ 18.13    100.0 %
    
  
  

 

  

  


* Annualized Rent is as of June 30, 2005 rental revenue (cash basis) multiplied by 12.

 

 

17


Washington Real Estate Investment Trust

2005 Acquisition, Disposition and Development Summary

as of June 30, 2005

($’s in thousands)

 

Acquisition Summary

 

     Acquisition
Date


   Square
Feet


   Leased
Percentage at
Acquisition


   

June 30,

2005

Leased
Percentage


    Investment

 

Frederick Crossing Shopping Center Frederick, MD

   03/23/05    294,724    100 %     100 %   $ 45,100  

Coleman Building Chantilly, VA

   04/08/05    59,767    64 %     83 %   $ 8,800  
                            


Total

                           $ 53,900  
                            


Disposition Summary

                                
     Disposition
Date


   Property
Type


  

Square

Feet


    Sale Price
(in thousands)


    GAAP Gain

 

7700 Leesburg Pike

   02/01/05    Office    147,000     $ 20,150     $ 8,527  

Tycon Plaza II

   02/01/05    Office    127,000     $ 19,400     $ 8,867  

Tycon Plaza III

   02/01/05    Office    137,000     $ 27,950     $ 14,696  

Boone Blvd

   11/15/04    Office    58,000     $ 10,000     $ 1,883 *
              

 


 


Total

             469,000     $ 77,500     $ 33,973  
              

 


 



* Reflects the recognition of deferred gain in conjunction with property disposal in November 2004.

 

Development Summary

 

    

Property and Location


  

Total Rentable
Square Feet

or # of Units


  

Percentage

Leased

or Committed


   

Anticipated
Total

Cash Cost


  

Cash

Cost to

Date


 

Anticipated

Construction

Completion Date


Development

                                 
     Rosslyn Towers 1                             
     (High Rise)    178 units & 1,600 sq ft. retail    0 %                1Q 07
     (Medium Rise)    46 units & 4,300 sq ft. retail    0 %                4Q 06
     Arlington, VA               $ 56,100    $ 14,1463    
     South Washington Street 2 Alexandria, VA    75 units & 4,500 sq ft. retail    0 %   $ 20,200    $ 3,3493   1Q 07
                    

  

   

Total

                   $ 76,300    $ 17,495    
                    

  

   

Re-development

                                 
     Foxchase Shopping Center 4                             
     Alexandria, VA    60,600 sq ft.    97 %   $ 6,000    $ 876   4Q 06
                    

  

   

1 Rosslyn Towers, formerly known as WRIT Rosslyn Center, is a planned 224 unit multifamily property. 1620 Wilson Boulevard was acquired in conjunction with the overall development plan for Rosslyn Towers.
2 718 E. Jefferson Street was acquired to complete our ownership of the entire block of 800 S. Washington Street. The surface parking lot on this block is now in the preliminary stages of development. We refer to this development project as South Washington Street.
3 Includes land cost.
4 Redevelopment in connection with a lease executed in September 2004 with a regional grocery store chain.

 

18


WRIT vs. Morgan Stanley REIT Index & NAREIT All Equity Index & Russell 2000

12, 36, and 60 Month Total Returns

June 30, 2005

 

LOGO

 

Source: SNL InteractiveX

 

19


Washington Real Estate Investment Trust

Reporting Definitions

June 30, 2005

 

Annualized base rent (ABR) is calculated as monthly base rent (cash basis) per the lease, as of the reporting period, multiplied by 12.

 

Debt to total market capitalization is total debt from the balance sheet divided by the sum of total debt from the balance sheet plus the market value of shares outstanding at the end of the period.

 

EBITDA (a non-GAAP measure) is earnings before interest, taxes, depreciation and amortization.

 

Ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. For this purpose, earnings consist of income from continuing operations (or net income if there are no discontinued operations) plus fixed charges, less capitalized interest. Fixed charges consist of interest expense, including amortized costs of debt issuance, plus interest costs capitalized.

 

Debt service coverage ratio is computed by dividing earnings before interest income and expense, depreciation, amortization and gain on sale of real estate by interest expense and principal amortization.

 

Funds from operations (FFO) - The National Association of Real Estate Investment Trusts, Inc. (NAREIT) defines FFO (April, 2002 White Paper) as net income (computed in accordance with generally accepted accounting principles (GAAP)) excluding gains (or losses) from sales of property plus real estate depreciation and amortization. FFO is a non-GAAP measure.

 

Funds Available for Distribution (FAD), a non-GAAP measure, is calculated by subtracting from FFO recurring expenditures, tenant improvements and leasing costs, that are capitalized and amortized and are necessary to maintain our properties and revenue stream and straight line rents, then adding non-real estate depreciation and amortization and rent abatement amortization, and adding or subtracting amortization of lease intangibles, as appropriate.

 

Recurring capital expenditures represents non-accretive building improvements and leasing costs required to maintain current revenues. Recurring capital expenditures do not include acquisition capital that was taken into consideration when underwriting the purchase of a building or which are incurred to bring a building up to “operating standard.”

 

Rent increases on renewals and rollovers are calculated as the difference, weighted by square feet, of the net ABR due the first month after a term commencement date and the net ABR due the last month prior to the termination date of the former tenant’s term.

 

Core portfolio properties include all properties that were owned for the entirety of the current and prior year reporting periods.

 

Core portfolio net operating income (NOI)growth is the change in the NOI of the core portfolio properties from the prior reporting period to the current reporting period.

 

20

GRAPHIC 4 g68144imge001.jpg GRAPHIC begin 644 g68144imge001.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`+`)@`P$1``(1`0,1`?_$`(H``0`"`P$!`0$!`0`` M```````("08'"@4$`P(+`0$!`````````````````````!````8"`0$&!`(# M#`<)`0```@,$!08'`0@)`!$2$Q05%B$7&`HB&3$C&D%1)"4F=[=XV#E9F3)" MM3:V)SAA@9&A,T-$=CIY$0$`````````````````````_]H`#`,!``(1`Q$` M/P#HZY.MF]X*/V[X\J9U[M:D:8IG[H-AEZ,D6.FE4,I;:U MVQ5A9J2V24JII3%^9\0A6DR;^,(LAP&VOD/S+_XBVF?^7/-/[;'09#Q=;<7! ML9#MD*FV@,AF-K]-=GK,UXN<<"CRV'1:6,J)87*J;M>-1%S?I.Y,,9LJKWU" MH3@.7J!#4I5.<"QC'=P$(-?MGN3/D(V)Y!0ZQ[!:R:^ZRZG[6/>J]:+IYJO* MKRDMAR6N(\U`M!T5R)#L)5:$A,V292$2?)20T)A"X(.T.2UEJ0MKW.Q.[>W-6:\UX^6!&E\]B$ M3@SZB=Y-9MJK(NS2:**Y"VPJ*M19PBRUY(1!5!SWL?#.`_7Y#\R_^(MIG_ET M33^VQT$,Z@V^Y'&'?;=#5VT;RUQORNM--'2[XL2:U[K5(J<7LE]V,A>'NGZL M6I%]Y6>6I0#@[">_JS<&DF'E#`0$)?9DW(?]X][#YD-]=,J#V]3;LZ;U>1>< M262HN`FZ%S.7F1D*22/D>\B.2!V]C@780\LOB^)A"GQCQ.[W<]WO9"9?R'YE M_P#$6TS_`,N>:?VV.@^912G-6W8$L:M^=$Y*I(*,,)99+Q_6>QM+@H#C/A)E MKHP;GJW1"E-S\!&DEF&`_3@`OT=!@\XWXW7T7:C9IR0:O0*5:\(^X=*=L]!W MB>6+&*@;PX`!5(+SU\L=H;K8B4'1_B/4OL?<):E0$8SYHLD(<&#"PW82[_:& MG-Y;(4\]QB5"BNM-G795\B)-*D<-D)C#5[Y.88\`.;%I)+Y&G0:1,=VD*`!4 MIA_@,QWL"P%1FD,AYD=S=1M>=JT^\FFU>$WY5L9LLN#F:"S.3F18$D285A9A MR'&X+#AX&BQGNY/PC38,S\<`#T'MU+LYR$U/RX5%H!L[=NO=\5Y:FGME;(!D M]8:XR&C)"R/<2G1$-:V/.'2[[83KT0L$G'F&?JLC\3`,!QW.\(-45=MOR<;A M\DO)MJ;1FP6L6O\`6>C$PIEFBJB=ZKRBZI/+VZV(@[/0PN;FW[!U^8S.ZGHM]I! M<<\6-,%3&>T.C.[VW:P%"1N0H1=T8%`,F#,QGL#WLB,YN_49^@^[=&+BB M!*%C;8FL#^18YHV\DO(3S5SK!T#TW%`+S@8QK,8QVY^&0LAUUNR*[)T%2VP< M'."=$+MJR"6G'`<'.,"`:6((L8SC..@Y] M-YKV9N);EG5;C20U.SZ]\@ND]GQ"SCE(\)F?&V&D,,>;&IYT=EG>"44Z6!5: MDR)-9(L9$J5_#`NT/9T$R?M\*.>Z5XH=9G.9A/-LO89#*=K[,PY'VA">PR/*1:4+/^B8G#G]SH.4[B/V">>3/=OC#]V^< M7+>*#C;L45UD.83/,L>X+Q)U=8U@=(0&#QC)?G7AKCK.[2!\7)FME8FU<\/#FL,P2D;FML2FK7!@T3O=8VY]D\O^L6 MB6OFZ,[U#K&P]*K.O:5.L`JJE;(=W290BQU+$B[X;;AU=[N+ZY=(3[PW"*WCU?VOV;@&FT_\`FO2=5U+;M06/;J-W M'6-C0R64DU1)@D\86/K&H2.S<\-)YR8D1625`A&",("_![9&>2LSO')$U-S[ M'W]K7LCZR.Z-.XM+PSNJ0U"YM3FWJRS4JYN<$1XR3B30B+-+&((L9QG..@Y6 M]`94NBW&'SE:3>O+9+"N/JS^1776E'!:G4!-;*,%5TIET&B!RQ3XABY1#W-X M=40>\:9X*0"#;^Z"XZ_ZK%8_[(QT$1K>_P#TUZA__P`J;R_I MR-Z#-7SAKMR.;?;9[?ZP1PJ0VO$X?2NOUALAXZ_CYC!%4:17:D M3E2P@EL+6K#,#)"0,P2L6#,CP`'=",%Z'\B>A^[_`!8P:4L5&!"/):DH6`AQD(L?'&0Z>N@Y7M M!F[DNY%@[J6:9RSW;0+'3G(3M1K1"*Y@NN6I\J9&V!U1)6D46'EZFE6KI`K6 M%-\APE%D\XP0BTH!"&,8ABR%GNE_&5--9=K;BW'N3<^U-O+FN2GHA2CN\6'6 MU35R0UQ.$2$ ME7(%Q!B98C4DCQD!R=2G-$`8.B3+%!LDXWMM+ M0I>*%.*@2EV7ZXV4X&7;K;)E8S>P_"=U@\V.1)\"QV`*:^Z'(@AQGH)*;B0X"2WL<=;$K0T MHB@AQ@(2DB!&66'&,8QC`>@R/H*RM#^+ZG]!KOWMN^MW]:]/&\]YAN>1-*QB M;VE+7Q`%2X0P*DBM2:Y,Q4EG#LM`8,*?(<*0%>'V%8&(-.\]MVRFJ>-FV M*\K(X7SLW#D<#TAI)O*/&G5NDZV;D!$`<$Z(TGM4%JT=?J7M66,O&1@,3ASC ML_3@)A+J2BNM?'@\:]P$/Z5;AAO\T0SC!"SG./Z2IST'C[C:9[R/?)O0/()J(1JS)4 M]3:H3[7AY@^Q5@VK`A+G*=3Q1)CGMK5UO5EB9,3($&"0A\;)>1F"&'(,8P$? M0?6Z:6[V;G7GK7/N0N6ZN0"C=2+FC6R5<:]ZHG6?/'&RK]@[>\(:^F-JV];$ M>@9K=$H$>^'JTC`TQ_/G5(\"5+,A`6$(2HWJY,-7]"(FJ,LJ6`FMWO+8H%4> MJU9"#,MC+LDIA7=98Y`ZQ8PN,G-(5KO\`X5IBW*T4-N8<T*%,\*.*1'%2=V9TX#!MK.86YI2*B.4K7QSV3UW8K*CT#:K*DE6*4-JL+#'9*.11=FC#XX*24,=E$N M;QM)B.6)L%&>;P8(P)F!%A[N,B"46P%[5IK#2EG;!W(]*X[5M00YXG4Z>D#* M\2):W1YC3Y4+3TK(P(G%W<3^[C`0EDDCSVY[1=T.!"P$8^/'DMU7Y0*EDMRZ MIR"7/,6ALS40&5HYK"GF%O;))B6MO>RT9A#@`UMP!1!(!&&FCS^X` MLL.A(410PEF+EN&MG5Y2(0 M#&$.3C.Z5C(L8[W;G'022UMY"-'=P79QC^L&UM%7?)6AO]7Z.C(W*EX_%QW`'*TY>?CVCQT$9> M,KE`U[Y6Z4F-\:X1^TH[#H19KE5#NCMF/1^-OQTC:XQ%I8H4H$DZ6#.>@K"SSQ<.^.SMY#M;?C^],C!?^/=0 M9[.@GWKSLM0NV5;I;?UNM2(W)62UV=6%+-82X9< M8$)@>[\,YQT&\>@P9-9]:+9\KJI'8<'5V@@8392NK=++&%1/$48(6H6X^1JX M@4O'($S$2X.:8@2L:<*<)R@L&1]X8<9#.>@=!B@YW!RYBFKLR914%@+&=9(D MD&'(6@,Q51]N.0IG!]3QG*S#TZ3:9,G56$U/,!2'KIBA7L`0^93&L"1,: M,_(^P'84/NY%D`L8"8?0.@=`Z!T#H'08.X6=6S3-V"LW2P80VV/*R'!5%Z_7 MRMB1S:1I6E`6^NZ=L;$YBA0-.08$D@`ACS@.,YZ#..@=`Z!T#H M'0.@PX^Q*_2S9OK53.8>GL9V:5K\UP`^3,I4UD$5&M"^JVAO$J* MP>I+($25DT&!"QD0>T,QZ"K27H[+X9(7J)RI@,]![?0.@=!_(A!`$0QB"```Y$(0LX"$(0X[1"$+/9@(0XQVYS MG]'08=#K&KVQ`/IE?SN&SHN+OA\8DQD.D[))P1V2I4J1\1US?Q/0`!SC/AM@\_N=! M&+@$V'OBQ-5[3U>W`ECS,-QM`]A+'UFO612>0KY5))@D1NRB45O/U4B=##7* M0-$@C#N)"WN)^?$7IVCQA?$6\O33AX) M1EA"6G1N9(0XP'LQT%?U'0"(:,<]>PL,?XK'AQ?E7JK.Q]`V@\,S8KF#+?M' M(P,VQM%-4T6)S)*8T2*'N::9$-WF?(HB0")3EAQWL=!QY\KNN2CAGYQ7.PV$ MQ;"M4MRFFS'ZTD@2I!K5`# M6]$ND+>N9(.B,/<7O*16IPE*4N*;`RU9:,\01N^V"W]J?4L>VVI.^T9BU<6E MI!"+MLVM[%GL88_FG6=;0]V4N6T>NS$_JD7N9,F03)%F2)(^B4BPXKUCJ/!8 MA!!VA;#Q]5)LO$Z(O7F`46OJ_0FS?*5=":T':Q]Y#GY5#]<-&O!DRBAX!&6I MBD]>I))/3(TG9U@$:I_9VH]H"B\8T1K;@L\*M^2[F0OC3B_M/K9D%[\>O,%6 M<.FL@F<5DT)UCEM8*Z7&<%LO+=SSV-IAM-J-K^E1BU>UWV!J%BN"?;IS"C7W817'$\D2OQB"'5K M6[+,(@Q/KC'7!O;RI$H..62'5Q&T[6C1)B7%U*]Q4F!\-$21XQH3+XS_N#MOMV.-/E=N&V8%2 M:*\-$=?#[(@\KCT8>"H9/E$@A5K.R!NGM=NK^YIC/2UU>8`HRC6IDZ],LR7X M!`B\C-#&]">:_;R=<$'(KO,3$M<(';6JMKL\:J6,5M3I4.J=(VN0:54NF7F# MMLA['%:X&3MPR,X"HD7>$#/^I\0VQH=R+\[/)7QN6#MM3KQHI3SU5+W:R,ES MF$`L"0O]XNE?-264GQ]@CY4@+A]11Y`TN1;:6X+CI"J='0H8AA;4P/$,"/ND M_P!T=MI;/&;OYL38.M$!L[8G20-'J4"^!IY'':]E$7O>32.(HYE8413.3X]M MB.L%T6/6/!C8L2I7!*I)`'T[`#E/0>PMY>^3U7P@K.8$S<75./3E=9@XDR:P M->N;,7)7NT7&9F6/A`$R5^%DLXL#&#`[>NR7(#O M7]LA;&Y<\O6/0ATGL1FK[:,+7:_(&(4@JZ*S9571L5J^0LDP:EC0BF#^V)WM M+(%:=68!((U#X!Y8@J\A%G[:"_['T=XG]HMZ+,N>-%Z-T7?E/YH MZCOS:N$73KSI-5$8LM_J&C:O:Z".OI\J:$14M;4P M\-*)M,7CRI&66CP25@X(%Z^?TFH*WK.@E@P=&_.% M2SR04;/&>"SUA?X"_O*UP1N*4UU"L3&)G3RRU*4ISX249183@W!Q*\F_./S` M:O7Y-*CD&BM-RRHK%Q'FZQYQ6%C/7O-U70YH?6VM6.%-4O,9HBD:S`^869W1$"2JD&4Y)A.30&E8&`!A@=1LN_P!U)/\`_7GK M_9JGH/\`*'^W+Y"H9QE6OO!L[95+WG<5>M-#1^.R0-(,$8?3X8-[MV.E,S_. M1R:618EAB*QT`6@RX`\T$E8J)+&#'C`SD+>N#/2)QW^Y)I]SQM-A4I1%!QF\ M;FGX-9JKD2^06Q%)$]LDD9B(59S2WQB.,,29UT=>+7]1_&]J+6$9=G:$3>Q*<>K[N>X5@Y`6PQL2U.I>F: M'0\M:C'ET5I`)3#$18<)`GJAF94DA+WAQYQ]L-N]EK[TBV1K&+269Q!OMQVU MRVVA=;S^K*8M]OK5U5M[:IG<:>37\Z-MLS;,D/+>N;U&/X#XB<:;*CPC#0P_ M>WDAY`]<*5M"VHERH<6B\9>O:"[$;;FG]BD*$ M+6C49$ZOL6C;2/!`C5)C85WAE!@C+RN3?EN^VOY+[HM2NHW7EKU97UET]/00 M@UPQ!Y8X(8K"9@WRR,M;PN=7B.DK6R6%D*$"A8M\-4F&86=DLT)10>[]E5_= MJ["_UTYC_0M2'0="?*Y_=AUANR13&@CWNB2Y MSFECGMT:K=U[K`F"*DL>L4#T''TV:>P27Z<(./=OV2F\U'=5LR%GCNUS!1\1992WMI#C"&>DW^&U[8 M5IR=B`J=U#>I;,TG;Q4WB";*&P]7'FQH^FFM/ND-/=`8?`C;A@=QD$X[/#SXX[V`[*]V=E=KJXM2=,@^4CC#TACB%<<53%6S*L7B M];_L-$!M)7%FS]G?;LKMP:'94;XP2VZ,1EY&`D`#,'J!&9)`%:G!]S@[T\E= MP;A:-7&GI",7?4U.61*ZGV5A5=R]H9F^51>;LE9I5$ZI>8.C>KD#<2]RQ*YE M)NV-J_+(S$:H@L\[Q2`HWX>X-NS+/N(>0:,U=M%6,)V,8L;<%VI=$OH)184- MG[8Q;,5XVS5OBE7FV,PFP`$D??+*FW.'=8!G1)\I`A."+`L!;LZ_ M3S36G[,I+1[4ZFGZT&:6[/6O6[Q=EE3X^K7(,84#BL332%HA\?2S*6XR!M*/ M(5G$->'>'_`(+EO03RURYN.6C9_F6V)ZXMJ%"F1!;4@F8+DN6`,-5IB@CS@/BD/,ARZ:J+@LTO1F\K3%A.,35R\GU9BCDX7I"Y.P*##35 M#86?Y)P+-\(X02QX1N;[:G9K>3:KCCY*&.JX!LQ4Y\@#7)%=1];%&5U=:F=W M-DN&'&8&MK.:RS7:RZ4#J1$;#MYVLTU4[)V2C&F9-#J!J-3-0C7!&F48 M[<*DP23@KTA///NU<''_`#S=]CW-U&@>R(7Z3OU6\>*'5Z;S%(]P>(S(<;%$ M7>R?=ZF8JYY*6Q`K<$(D@P)AA"G*&)/E28-&&Z[M^Y7V@8.*_7#<1GU23U!9 MUJ;'RG6J^9=,H3/)A65#FQ1J87HVRXM!CG:&O\NQ+V"4$JF)LWK4) MBE7X03C`F7H3R,V]NS=Q$'UBY7-,-J(`_P!,V>NE,>F^JDNUXVGIZRBHH,%6 MR6&U:X3U"V7!!T,L6`4R;&"@EH$:+RV#^^L+4DAR8:'PC39EY]G?BMI1CUKET!'8\7@<;^842DS(O*`[ZYL=BOLDDDOC MK\K6C98L]K5CR8D2-P5:U$D\@6>2,W"DL,,VQYHN97C3Y0*@THO)%I_M\V[# M-U>*JV:8)!9EK\A6*[EG3[6L*;D\K,/Q M"@R?EPY7.;/ADL77JQ+HEFBVPU-7Z[3`&*VKZI;'@68VK@X8JMD\-32)\G#O M*FRHG#4_&GK,FFEFC5-Q>,%DF!]FT/W+UAROD:@&@&N*JJ]4*U`ZL*&\= MN;\B3S;+G%S\UZ*QI4WP6MV!Y8&?(&TONLJ-2XC6>HN8L&9+2)NPP09I27/? MLE!^5.%Z33=RAV]>G]R3.M8'!-P*?H.=5-)89*;02H&YK(E#6D7R""O[+&)P MZ$MKP:44BR0BR)?@\.2C$60\/5GF.Y;MNN7/>KCKIMDU'#$J(EVRK%%+&LJ$ MSM,BJJ&U3=:2!1V;RQLB,P+=;9?QI%*5J)9TRJ/D*UKAYTY442E&28&$QWFA MY5M=>8([B,VVDVL%GN=IJF"M*YOJJZF?H\*O9Q6#*.-)*/PE.%5YM75<0VH93-H4DZON4Z M\*9U`)42S3F())*1'J:,L]G.B)#PJRG&B!A^4A;4Y(B<>*$7P#_3$1`5%(TA M:X\M4N+2D`6*B2?+$J50"@!4'E)_$-\N6<=C(@@[PNYC/9VY[.WH*2?N!(-" M6CAKY`W!JAT5;%^:CPX96H(\T(U>5ZVP(B:L794)T99V5BHTT0S#>WOC&+.< MYSG/;T%&WV7<W/P^.>@U?Q:\X_.IR3NNQ5)ZY4QIC)IQ6\6B)C!8,R1N]3532S0>[ MR%G,<'V,M;_)9-/WZ1%H"$S,@0!(0(/)GG*@F%]PH8;O0\V'*A57-%JMQ;W\ M?KHH3R=?JM&=@5L5K]4I=`R^S*=ALVLY)#)2GDR1L`T>Y'I2!O.RVY&2F[@< MX$(.Q7F7?,V".$O4D.<8DL5:FL]G. M02F.^4+PE>C?$+'@T(Q8#GX=G08ANU]P/,J7Y-I[HS9UQ,?'91E6P&-.;=LK M*M7)7LX_79.I1'(=($AZ2.H)*PM\&JK)#ZO+2N"1N?#5*AM%@U0E\7):S]=-IKE;?'I<=4[XUXG39\)0N2T%(0N5L,)AX,9-]-D-'.DE3'D_$"CM M`$>,X^.`MB@,WC5FP6%V1#'(EYA]@Q*.3>*.Z?(1$.L:E;.C?F)R)$'(@B)7 M-:\HT.<9SC.!8Z"BS%_KAZ=%!><$)UDPIU4:R("Q![ZM=XN<"SG&>P.A/.<8QG.< MXQC&,YSG.>S&,8^.! M5JSJ*0II:J%S:8/'=2$/SRD>CU)1/ZLP\D(\Y$+X]!<;LU_TW;!_S(6O_P`! MO_05G?;OXSCA:T`[<9Q_RA>,_'][-DSG.,_]^,]!I*ZL9_:7]*<]F>S/&#L+ MC&?W.W%N?'';^_CMZ#Z]<\?0KS<;1:OGX]+I#E"@.=Y:&)S@)#2AV=K).EB& MUD,:08[GFG^:QT#?,EN>[G!9!(<=OQSCH)'?HDZS0A#24@JQ3([.BKFP1G(I'EQ&S(D* MLU*DP-0%T8P)A%9%G/="9O`MJQ0^JO&-KPST%,16FPV\QBO:4W*HC3W$%]MR MZPRTYYTL/CDE`7(65"E8D*%L0)5@0J"D"`G)F/%$8(04/\HW!;K1NOSK5N6E MV3;ZBEU_U)%=@KOU^35A-E;K9<$JV4%U[9TCBEELV2('&W65(U\<>HJ1#R"&Y42G6E`1*5!'@A[X1X"KKFDXR[JVWB'&UK/M;N=0- M+6\\39VH[5FJ=?-5K#*UY?I,&#L)\W=);)%,[>Y=$G1:WQ]#AK`!$2QMB-.8 M1@@9B@Q44%XUQ:=;^6)'J7B3R_<=%\TS':7B-;6[JELCKM+I-6#M.XWZJC4V M_7-GF.,IF;0\.+*>B2`;')F5(DY24>0"\<[*@`4)Z.\'5([&5)R_377:^(#% MK2V">K M3E("$>`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`U!0S31G@-("G32;@3WNU2T M9VJXYD^W6JS%2&SRF>YD5S0S7V;O&PPV>=P5+!GJ-'&/$\CD.*:'9K;"4_>4 M@=E;8C5KP)#O%.3G)`]O2'[?[8S57B^Y`^."1;!TE*TVW@I"[0FRV2*3Q$IB MD@D$7B<./#*V=>L$2I92FJ')SRP(\Y4`4*#0B,,`$'03^X(.*B?\16K-FZ^V M);4/N%VG=\/=N(I#"V!ZC[N*50XT_)@.Z7X9X`]G M:'.@YJ^+3A(Y4^(N*W5%-:-JM"I:FO1WAKY)EU MRTA?DA6,ZZ$(9`WM>&`$0M&$)L)U!$D.R>%2$_.1@!D.0X[V,A9U8NKG*W:< M'K5OMNX^."_4Z(4U;;SUSMK5&6K-=;9;79\1K81)V1[7R>7SZ#36%,):AO`` MQ,[-:C*D9YI)@^X$`1WX\N!B,ZC\@EA+-.HO(I=^Y>OVSNN%P,=UHIZW&N.U=16',+?AB M>P96BES@Y-;M#YO'R7.5)%J(*94XAF/+9?O)'J9L50$GBNR;I;)LWK#86`V%E]C+'=9@O)8PFIT',7K-P+VW1'.%;/*\[7_`%R_ MP"QISL!*TE3-T5DR68-R2XF)Z:&I$H?%*L3*8H93'4`U`P@[IH2\]S&,BQW0 M_G1+@5MO4?F,V,Y-9'L!7,PA%W239=[;*P9(I)FZ5,:>])UF6LZ9<\+EAK0H M.8$W82I$6'NG&8[P,!QGLP'Z;?\``Q;>RO-90O*TBLMF(4/X$0@)AC#W2!=W.!!C'*_\`;GR'>K>N M`;Q:Q[,%ZC6`XQ%2:%, MK3)TH1=F!*,C"VJ_^)_4B_>.I-QDKXTZ0G7F/0J(12O5$15(RIA`'6!*4SG% MIPT.KDA7)ETLP\IQJ7(]40;ZME8L"H[V%1N0L.O*AN0Z=495L:CNP6HTVLQN?9.IV+A-R:LNRW6;8F$R,2H*&M0Q8 MNQI;.JW:(@F.*PG7X<7Q2Y*$X359>2AC2Y"L/7+[?)GA7)?6W)%,B-:-<#J; M:%`85K9HI`YE#:YDTR>G,;X_'6-*L3I4V#\]N% M/F@U\W<`>Q5`\R\OY6]4=@J+<&^PYW:$ZD-/7O";``8QJKL87MGL)&T/\">\ MX><$KW]2N;#30H<%9$`@XLP(,FF!F!7`C<&>>9-S`J=@*VS!,3=+,%=/$124 M!EN>YKB72BE&G?3%8V>0B7%Y$'/8E[`9[3.W/099R;\&%J[Y\I.FN_P#% M+XKZ`P_6$%`X>J\D,6D;I)9.*G;XD-NN8FMW;59;6D"]MSR!&1@T':4>6(8\ MY"+&,!G'/[PN6=S&136..UO=D$IHRAI!:CT[GS>.2"0`D`;`;8,A0DMWH*@D M2,3<.)FY-R;@6!X/#W>SNYQD-`73]N1(6G<2F.1[1?:AOUTW&KM!"E$Z;9[6 MYEF499$L8ZT(K"8/9#0C?XY*8DCL:.84)WE*$Y<%0!8::GRB4"R9D+G:7C7) MTXS:(.6R=KZ6QVOH]A0=+8EKQ4=PN\GLM6)$N2I2"YM:MFEH*U9259I"LPDA ME>UAN2A$85EA'XN`K0XY^$^T=)>5S>CD/E-XP&\'XQG@ZVFUMYC[HY2M3[YU\=&&_5LX/F537[#+(,$&(B37+ MY"@7.C*QGE2-C>Q*G!`VF%+E!(R6D1>,%B[V!#QGXXQG&0KWX(>'^QN(K7Z_ M::L.XX5<#C<-G)IZV/4,CSZP(F9*1"6Z*B0+D[X><>H4"4(LFX$7G`<`SV?I M_0&C.!;@FMCB#L[9V>V/?=>7&EOR-0=C:T$)BTDCI["HBDAE#RI4KQOJM26> M2K+?P@`$O.1!$#/;GL[.T,%Y'/M\[LV)Y+HKRI:<[<1"C[]C2JKI&"'VQ6*R MU*LY-`<:!1CQL`*#2W*9]OAR%T>A^VU^SVP66>,_&[N#K)(R&<=35CN!KY*"9UK>H M;XBSL3BVQ"P8,-^53MG?G]N.=CCE(&9V)-5B))5@)+`#`18T/^W.K[4C1W?# M5:5WT\RZ6\@L,`1!O/[G=4J`"&I#XH\#*R4'0?T&%V1[&^7<]^9_I'RT]E MRGYA^X.ST'V-Z&N]V^M][\/I'H'F/,]OP\'O=!RI,O[*KZ.U>VN[[=]/1^A> MWOS&/0/2/`!Z=Z)Z5_%GI/E.[Y?R_P"H\+N]S\/9T%I_%?\`D]>[=A/RQO:' MS"\C67U#^7^=WO\`]*\.5_+#W%\^?Y4^D^%ZGY3RW\'[.SO_`/L]!N/E(_+1 M^2=>_F?^Q_E-\Y8W\J_=?S`]:^=OH,G]N>P_E5_S!]S^W_5.[Y#X>#WO$_U. M@I=-_9:_"-\?U+P/#,\;QOS)/!\'N9\7QO$_5^%X?;WN]^'N]O;\.@Z)M'_I M.^E&D_H8]F_2=[4-^2OL#U/VI[;]:=?/>G^M_P`=^9]Q>=\YYW^&>>\;Q_UO M?Z#?=A>S_8,X^8?E?8'L^3>^//>9\E[/]%6^YO.>3_A?E?1?'\3POUG<[>[^ M+LZ#E#C'[*+Z"V^Q_3O:GA&>C>S/S#O:_@>8.\;TCV]_$W@><\3O^!^'Q>_V M_B[W03AX]_R#OJU:/H3]M_5Y\LY?Z'ZG]4_O;Y7>.B]W^E_/;^+/0O->%XGA M?'Q.]W/Q>)T$J>5#\J3T6B/S/_9G=]WR[Z>_5OFQ[X]T>WT?OKV+\D_Y?>7] MO^5]4\/^!]SP/&_%X705)"_9;NZ+O^J=SNB[_B?F2]SN=F>_W^]^'N=W]/;\ M.S]/075:Q?EQ?EO*_IK]M?EO?*ZZO%\#YG>Q/E+X\U^W\N/;'C^M^+Y M?\'_`*OE?AW>@H^C_P"RG>B-GM'RWMGRA?HGM7\Q/VYZ?\?!]%]%_BGR'Z>Y MY?\`5?I[.@F]QY_D(?5HA^@[VU]7GRNEGI?J7U2^^/E1YYN]U^F_/?\`B[T# MU#P>_P"%\?%[W<^/B=!T$=!4SRK_`)4GMZB/S1_:WI?OB1?3_P"N?./UOWYZ M,B]P>T?DK_*;U7T?P.]WOAV=WN?BZ"IC'[+CVX[/5^WM^'9^9/V]O[G9_P!O M074<6_Y;_P!/LM_*_P#:?R%^:\ M7\/^A_K]_H+)>@=`Z!T&A]F_IL^1-C_5[\H/IR]`-^:7SX]K?*OT#Q2O]Z?> M?\GO"\YX7@>+^/S/A^%^M[G04#0S]FJ^5ZGVA[,^G7SBSU3L^L#Z6/#\Z#U/ MU_U+_D)[8\WV>:\Y_%?9V^+^'MZ#H$US^G7Y+P3Z3OD[]/OIAWRW^07L[Y2^ ME>?5^;]H^P?Y*>7]5\QX_E?_`)7B^)^L[_0;MZ!T#H'0.@=`Z!T#H'0.@=`Z M!T#H'0.@=`Z!T#H'0.@=`Z!T#H'0.@=`Z!T#H'0.@=`Z!T#H'0.@=`Z!T#H' )0.@=`Z!T'__9 ` end GRAPHIC 5 g68144imge002.jpg GRAPHIC begin 644 g68144imge002.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`(0`T`P$1``(1`0,1`?_$`&L```(#`0$!```````` M```````)!0@*!P8+`0$`````````````````````$```!@(!`@8!!`(#```` M```#!`4&!P@!`@D4%0`1$A,6%Q@A(R0*,2(R-!D1`0`````````````````` M``#_V@`,`P$``A$#$0`_`'L?V")QLY39J4HN]!TOOEDQ)"%LH[;MLX\1%38% MF2%"1\I^F_JTSIWKS_Y8USJ")HZYI[91YR#J?(9+ M\[.Q4XBIVL1=&M\.,$\L:X8B6%`T7$5:-'>EI_28+%LOAQ%BH90;47(@QG=0 M\_\`&<8"S"%9#D09?]96RW(+*%GYD#LM/#M)33$;E&<>NJG#D2KLS,MG-!L, M3R(A:HR,NH0)T]C&-->4:/+KVZ^KW` MB."_DA5[-4/FE%5$`F>=IQF%=D@ZOFT=;6C97MI004%5R1.A!:A9-FBGJ!O' M]@^TMO86N!Q,0S#&V6AWE&B;$@1G!0^G;$<$38YPSIGVS&--`MO/.^H.2\!B4Y#.:R4)^MG M?#B"4*+5SG&)XT;YFLZ$U(^;NI:77G)8A0T&,I>K8,_C(N,`!8R&%ZK2\TTM'JAQC42T MO&W49EU,F2-H81F:SU"R\[MEEAQ7HTB#^C@=,E)D,,1*5"36(-4B640D):4E M).4-P2AP+443?7`7&2$VZL/NFK.3KBV'0GZTVI)P M`S-A1YM>1$)F)+T1BY4DF!A+&HBGU@(>P`IL#?.FNX8>AMU?22;PVOJ]6*T/ M&17A[6-9$DRI!<"JN+L6MBP\V7JR32.3>)C:0$%MLTPME5!7;8(11PA#'@!C MA83R,Z;9SG(<;@+F6=M(F._;LULX^8^>+,;RZ1KY*SOQR'VWG$C'"Z\C(JZV M$AVQW,YY0%;VSQ&9ACM:V`F;%Q\DQRVAO7?.X6P;^OR06/P1_+WXNF?(/Q(_ M)#X7W$UV?O'TY]G?%^[=/UO;.M_B=1[7N^U_OZ/5^G@,3EC*@0BN M5ZH,?6ILH[9!@[-=9DKY-;G/M_[FC0FP'.P172":;D?F'.X6N>&*%3(9_'[I MS70OG!K.GD'*5+A3'@%UVXHT'R/4L8K_`)`J,VW-8.(&O3VPR\ZDVNL3NM+E M$M(B.=15Y?,'W`"Z2))2.C`&5%6,:EPPO9Z;7(/@)R,.$AZW;HB_"E>.6NE: MA1_20D^2Y2,1_!(0<2FRR`N&5%4T2TY!+*G4:& MQ]!@L`9U"O\`(?'E%P.-OOCT8"U%>>-:0;!V4<5L8.Y):E*DY MP"^WM;UY*CMHQ;!C"("D]05;=PN81KS&J(/NLOK#!L[JE(H>I#K=L""`[[:! M8U!;)VD%=)2A-PP_'?,_7M*@AWR.6DE[MF$Z!72,ME\R.WRJD605)Y.8DS7* MLKQAFDG&;T34\=0W*)N#P@@9?407.^0^C=]4)W_FM]'?.2?:?P<^J/LOXTX. M@[=]"?$/G/P[V?E71]-_/[9[?_3P&1I6X@G)R$\D?/VU7Y'KWBEP M+*]$4DTOLFOLQS-Y(0YC:'6F4Q59#V&($RZN@*VVFA!:PFF!M]"@N!M/(<`# M;4)+AD/<@4T\ZH9-AU1K$GV6B[CKY0?@[W MOLU(3;RX6A-B@@1;4' M$\ME'>.'9M4V0'^CVTJ\Y:R)*B7J'/=&(=EMZZ5^`:9IJFRJ*N?6#`D5+20A M5`@3.$NXE2YTR.7'$!.:[Y']85:XZ[$\J4G/R[D`2`/`'@#P'__V3\_ ` end GRAPHIC 6 g68144imge003.jpg GRAPHIC begin 644 g68144imge003.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@!7`*H`P$1``(1`0,1`?_$`/<``0`"`@(#`0$````` M```````("0<*!`8#!0L"`0$!``$$`@,!``````````````@&!PD*`@4!`P0+ M$```!00``0,*$`D&"P@#`0```P0%!@$"!P@)$1(3(116-[<86'B8V#$T=!4U MM39V=Y?7.+@9.0I!(K/5%I:V%WDR([25QM9187&Q0E)R5757&M&2,U/3)-0G M@9.4*!$``0,!`P((%PT&`P@"`P````$"`P01!08'""$Q$K.T=38X05%QD;'1 M,G*2LA-SD],45'15M78W&`EA4C-3-)34-196%QD*(F+2PQ75H4(C@<%#8Z-E ME3F"EB1$9/_:``P#`0`"$0,1`#\`W^``````````>%0H3I$YZI4>2F2IB35" ME2H-L)3ITY-EQAQYYQEUI91)1=M;KKKJTMMMI6M:\@`@7'>)OIU.#I-^[*9Y M/S*U1&4ND*?)?@W679[-V/;)2RE)#W1H;09O'YO``=_]@+L:VN\@S>/S>``[_[`78UM=Y!F M\?F\`!W_`-@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_P!@+L:VN\@S>/S> M``[_`.P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_P"P%V-;7>09O'YO``=_ M]@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_`-@+L:VN\@S>/S>``[_[`78U MM=Y!F\?F\`!W_P!@+L:VN\@S>/S>``[_`.P%V-;7>09O'YO``=_]@+L:VN\@ MS>/S>``[_P"P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\ M`!W_`-@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_P!@+L:VN\@S>/S>``[_ M`.P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_P"P%V-;7>09O'YO``=_]@+L M:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_`-@+L:VN\@S>/S>``[_[`78UM=Y! MF\?F\`!W_P!@+L:VN\@S>/S>``[_`.P%V-;7>09O'YO``=_]@+L:VN\@S>/S M>``[_P"P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_ M`-@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_P!@+L:VN\@S>/S>``[_`.P% MV-;7>09O'YO``=_]@+L:VN\@S>/S>``[_P"P%V-;7>09O'YO``=_]@+L:VN\ M@S>/S>``[_[`78UM=Y!F\?F\`!W_`-@+L:VN\@S>/S>``[_[`78UM=Y!F\?F M\`!W_P!@+L:VN\@S>/S>``[_`.P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[ M_P"P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_`-@+ ML:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_P!@+L:VN\@S>/S>``[_`.P%V-;7 M>09O'YO``=_]@+L:VN\@S>/S>``[_P"P%V-;7>09O'YO``=_]@+L:VN\@S>/ MS>``[_[`78UM=Y!F\?F\`!W_`-@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W M_P!@+L:VN\@S>/S>``[_`.P%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_P"P M%V-;7>09O'YO``=_]@+L:VN\@S>/S>``[_[`78UM=Y!F\?F\`!W_`-@+L:VN M\@S>/S>``[_[`78UM=Y!F\?F\`!W_P!@+L:VN\@S>/S>``[_`.P%V-;7>09O M'YO``=_]@+L:VN\@S>/S>``[_P"P%V-;7>09O'YO``=_]@+L:VN\@S>/S>`` M[_[`78UM=Y!F\?F\`!W_`-@+L:VN\@S>/S>`!V_&6YF!\LY(;\11I;E)DR*\ MQ.33ECC64=>=@\*&R"+0MRBS1+'6/N&8<7P9H?*1YPF[26K)2*#E!5%Y5U2^ M96MU`.5LS",3_`"CBN/K]0]CF MS6%*AQ+!FJ>8SDSJGS9,'.CZG-='ZRZ.,9!J8VUP67EFT`P^X<5G;R20_"$K M@N"(B@>GF-3QCE<*3PO)V3VS-FSF&MOU^J>7M><59!C2]B:\3)FIMBSK,&]\ MDR9=6YJ5)#E">U(W.YM`+1-3]J2]E)#E%]*DF.$<"<7JBK6Z&(75)7*TRPE' M:W1Y7L5)F@Q]/7V0#,$TM5*(<84W)DY\6(;W"IQM[IT2<#\S#B0Z.1-"JJAV M:Q#DF5T6V,K#BK#$YC>8VFXQUZO.*71?11C?DKF;+DQ-;36]UW+GL:6& MMF05!AE*'5QVQJ384DNI0MU5R6M+.M@/:AP)K@E1(421/86G2(T:8JTLHHNVVPNRVEMM*4I2@`L4``````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````$ M!,JUK]97I=3EKR=ZEOG7D_!RUR!HWRUY/\->0`<#B!:3S_=Z.XR@[+L69B'& MT2E"^4Y,Q:Y8K;U=Q'KB M0I(36D7@=27:*9O7'8%R;9M>P->SFN1&4(7`,HL.M<88L7+\&9::H.BDF%I; M@=JR`E3KF1O=,<,CHV+FZ0M2I"N;":6TN35/3G@=5C'#%=<0FXIR'K[LJ_P7 M9.&-VQC;DW-,\QA%\G-.>[-K\LH<]YF63O&J-X@*)I<2\RMB=WC%[0Y(BV!+ M9TRET0D5M8TST?<@3V&$I;B@,=P7AG,,`VX0[%,>0&A M%"8]F68YYB6/6O&3:TS9JEDTUECVJYV.5F6$LBY%FOL6@T>+7,L5)8TM4;E8 MDMN67I6Y*0`._;I-Z!'E?AN'I$*-*?=ORCLJN@`L+```````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````````````$`\J_:5Z7>*COE MW0-'`!/P```````!`+=OMH\-KQ^V_P"A]N"`)^@"O30KW8<0_P#B%Y*[A>N@ M`L+```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`S+@G`*QLK&HA)&G#V3L ML)%"W,;`5@I1S&=%ZY$F.%7AO)1="6D.M*H!M9<&S#>/\.X^S6ABL%TIQ_(7 MV91E6_M&E6W>7-MXNK9D3&L)C;E-7W+Z1N>(<_WKCW0HA(D(HF4IR^DJ9??; M=:6![#B'_Q M"\E=PO70`6%@````P,;JOK"><8H/UQP,<><9><<>;B#'IAQIQE];S#3#+X]6 M^\R^^M:UNK6M:UKRU'L2:9$U*/=J>*IXU+=.Q+3)TG@<&FT.=<=S.&1278_? M6>Z//<%D\=:'^'/#!>5:1XBREE4QQ%Y-;*4IS>2@]9Y.E/. MO6`I'$\?0*0X/P^^P;$KC'GC%<+><:0MTB>,W>(I+T$4=,?1U:RGL\,<8PA, MN);SVXE,:B*NK83=9;6M`!VEEQEC>-S29Y)CN/H0P9$R.3'T^0Y\RQ-A:YI/ M"(FA,;(J1,Y2A0$/DH)C3:;B&CTF8"(I)-- MM59#%DTDD,S2QI]UZQ&[Q]++Y<6U%2R5)F5PB*AM3R.4%,2*UQ76%6J5U$9' M37W]%9S0.^X9UEUNUR+D!6O6OF$,#E2V]L,E1>&<40/%YTVN:FB:JFAE2**#>9S>DNY0,W@````````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````"`>5?M*]+O%1WR[H&C@`GX````````@%NWVT>&U MX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT`%A8``#Q'F5*).-I2E:EE&&4I7T* MULLK=2E?\5>0`?/?4_>A^)U6+.#9P#HI+YN$W4QS'*HY8YR$]I,4=*A1EF&KE%": M$677&&>73%V.G5BF;S;9.W"7G--URAJ-;RE19'2'<^VQ*=;?Y!!;# MWW@+B$2/ASSYIE;CC59Q*9QF/6]BL8+,UUR&N@A-UC>[I M('#\/3Q"YK:6="D5]:T,MNOMLZ4#+[]Q6>*0\8GU#R_/+1O-+7&I`6JP3"(U8F)HF3-K.W.EBI%?2MA5+J@16QGQZ%;7A1(EDVI^QVQV:,&=N\PZ MMR#:K,#7CV1:]X+BT6Q8UY0FT%;WLI?G+*V*8D\S.05C%Q33$V(]<]N?6QAU M""[+R[KP)@9*^\%:HXT8<+S55B'9668]VNPNQ9-TUF4$Q\W2M)LYD-XD+!$% M.L40;&R0&ND7V$C\HD!:=:7=4HTPOFW MU`[,```````````````````````````````````````````````````````` M```````````````````````````````````````````````@'E7[2O2[Q4=\ MNZ!HX`)^````````(!;M]M'AM>/VW_0^W!`$_0!7IH5[L.(?_$+R5W"]=`!8 M6```_-]EIEEY=U.6V^VZRZG+R\[+JCIT@;&C(+$B1NH1B*L2NLU.A:JV^[;HGQNN^C<]971HKU6VVU= M/3MTRT_9CAY83VAUZP;K1+WO(49Q[K[D3`V2((HA[VU$R.]SUWN3_H*V/;H_ ML+\4O:U)26RQ?6TDI2=RFV)IC$"9?>!+B#<,;6G&/#RE_#0Q]2>1S`,XQ;E/%TB?JR8AXRDXE9E*D%V0)JL ME;RU+D"J;/+E)U:SI[T%41)UUMA::PBRPFT#$..>#9K1C)BV*CS%-LSJD6R^ MC.%]`IR8Z2&)'*6O$&#<*KL%1611@Q-"DMJ/(+A$U]RA ML92`MOF;8W4N)LD<9L8'@D@V\H@XJWF5L`QZ7]WSU:CD3P(TXFSCLQAJ;X'U M^=M6$^6H>ZX8?)KD3!3O.9!D3]%IRAR+A>;0DI]89-)E9S._LK2T/;90RE"E M-:6%\P#ON;.!+J/L9^CY.:#G2\ZEG6MI%B*EJ>T"W;',42NX7KH`+"P`` M'X,OM++O,NY>:79=?=R=6O-MI6ZO)3\->2@'A5L2U=(UC;_O3FGWK4<_)]7= MQE3(6C4.1;A8U:]%=.W$%F']=V)%&P12RSI$Y?/H7?9:93EY*VTKU!;.JROX M!H[W?<=152I>4=0L+F]0E5$D1VH5-4C;%35:%MMG!)QW%[.7.WQ)D\ILJET7 M!028)K+I;><4RWI0->ZC?!W2V1873)(URP_M=35NK1?V52W0+(.(#Q5\<:$Z M.XVWK><4S[*4!R8_8:;&J%1Q:R,LV2MN9F0^0-"XTE>:M;%#DV("J6&(BSZT M-47TLM.I;RWBYJHJ+8NF0;8YKV(]O,JB*G$4[%"^*+A#*NR>FF"\0-RK),/W M8UJR1LUC7-3(]("HTW1;'1S*0K879@/3U>+7]2I>*IU!-UY1S:L3FIU!5#2[ M[;/!R,-8MXU6`=&(I"9KF3!,3 MNL)M5?IKCB/S"^]=2\Z[D-;S;.CMH:FN.`BZ?QZLJ*L=[4[`1+AHY/F>K^GF M8,VXFS#F-OV@UP8G5,;@-TM2SQ]8<5S)[CB37U6E6LYY%URSJ5I2@' MI-6.+/M#L[M'E;6`CA?9!@;MK=D;&4`VEESIM9KN]->$[,I,YLF8WZQM;%Q: MS)28F*IS%QA$>O6&_BT)K6TZZE@`F/Q)^(/"^'%@)IS`_8[F.:YM.LEPS#^' M<%XXN)KD'+.0Y@I4'%L$9*,3+[JWM4::G!R/OHG._FT?14ITAI?*!@4WC&84 M=<9<-#+D`@TBGD-XEDI,B,,5('YF0J,6/;=`WF725LF))A*DMS=8H]1Y8_P"*Y#)_PCU_%G38>E3;"4&&E^)H?)3\CK3UI!B8DY$4DHK17**W M'V66E&<@$JHEQ+N'O/*)L[.L9Q/-LT;`;`85CIK;F7$>3X9$V/`UZM"9D;*R1/8R-3":4>]6/1E4J@DJI9EUH%FK;N-JF\PS"F1&C8?$#K!=D9BCQ]@*5 MMT[CZYCS%.%ZEU1)8ICI>F6FDRM^O5L:PJY,DJ:868E-MOI;6RZE`))@```` M```````````````````````````````````````````````````````````` M`#\WWV%67F&7VEEEVW7F&7W4LLLLLI6ZZ^^ZZM+;;;;:=SN7DYO)U>7T.0`*WV4LJ96ZVEE+>?6^MU*64LI3G5 MNK=R\G-Y.KR^AR`#\=.1TUJ?IBNN+RKS[".DLZ:\@NXNPPZTKEY]Q5EYMM*W M4IR4K=2GX:`!8<29><66:488GOM+4%V&67WD&7EV'66'6VUK<5?<29;?2EW) M6MMU*^A6@`\H```````````````````(!Y5^TKTN\5'?+N@:.`"?@``````` M"`6[?;1X;7C]M_T/MP0!/T`5Z:%>[#B'_P`0O)7<+UT`%A8``#QG%]*2:5R\ MG2%WE\O)R\G/MK;R\GX>3E`\*EJ*G#-&;_I=MW2(N=$D^Q6JIR3UG4L9+BU)NN>N>4 MGJ4-K)@+9[9%M2JWI%%$#+#)$VH-?W?(K.DD*A&G.L,;^F4I$J"M.0XWP(M+]U'[`M7.Y2DTV?, MDX<*;,$RHVD>M:%Q:)HL7I4ZM(C<52>^VM2;#C@)!XMX8^S!.SG"DS@]8FT? MU>Q[H*_;U%2W!6JDCR"M@=\.$C]B>#DWR)9./75;(B512$DNP MPLTDU2:8998!-G2W2C*6NF\'%*V4FK["'*#;M9/U^FF+&N..#TJDS$V8JQ4Y M0>0DSA(X,38VMZU8ZK++TEJ)4OLO(I6Z^\N[DL`&`=U>&-L)O5Q!<)9TE6S< MIURUNU*Q+(CM=S-=WUDLSX9LODA<0U3W(,C(R7BN;XV:XLEQP3:T(+;"E[C: M=2XXJ]+TQE*@5Y8HX$&X&!)N%SGR"\`!UX M5SM*\6*-@%VMV:<0%2Q`\2)V!^T(X0V)+F'%RS#LYVSUUEV62MKDK6^8K< ML:2S)$/-=M^D2F05G^5V1QQPSL.%6&Y/<51^+]>GPIV M?*$JJJ";"*4-`D9A;@R<0W'N/.'WJ_()'J&HP!P_.)TS[JL^2FB:Y<-RWF&! M79/R//5K8LA"O&1$1@LE96[)"Q/1':[.1#@HM(Y%26P@PQ6![?'_``8MTL'9 M0U'SO%'#5Z?R;6[B,\0W9Z0PR5S'(;&SR#"VZ[0Q1UDN02%OQ3(5]9_CIN;E M2XQKN051GK;R;"EG)2^\`8WX1NI!V4^)%F'*<*K-G7A@Z)Y4SSD#AW(YUB2> M8C;JYUW711IYS>W0U@R.Q1E\?H/@"Y"^-32>:W%EIE#[:H3&W7F&UH!N!``` M```````````````````````````````````````````````````````````` M```#7@^\QX?G$XX8.Q^2FW8G+>,X'A_%;@\OV&<<'QR/1O-4H>9WCYIC!F4I M4/-9 MV#0ENS3ES9K#&$9G-8ME3(Q4#1_NLU\=\I,Y-(YBC#K:[)+7W(CZL/N4JD2< MAI+*+(4*S3`*_.*_NYL9G[A>03$+3A'?37S4[#ND^L\C7Y6/UPR-'XSLSG0Y M/CF-LS%/,HJ$=S%C_7&"-U374I2H4]J+EKUK+/\:2V`[A2W.*+!&0==,8:,Q5R=I=8VP/!&P4[R.GF M6042IL-4(+6E:XFV&E$44I@)8<*';>!0K*;QHJ\1&<2;-4SRAN5(\N;8N3K$ ME3;L?M[KE-L;,.YCRH@C:Z*)KC"`,,NR6W,V.JNJ[#B'_Q"\E=PO70`6%@``%:TI2M:UY*4ZM:UZE*4IZ-: MU`$)CN)7P[$QAQ*C?#3LDU.8:4?89LIAVRXDPFZZPZPRETQIS+BK[:TNY?0K M0>OJL*+J5>S5<+5);QK3U+/`BZE9(]5PM4VVWA66VVF1MAMP=9=4<0MV?-@\ MR1#&V&W=SCK0T9$1&9D.DJZ!MJIV8YE^CJ90G2JWU'&9 M6U,+TZ-")2K*L/4)23BB+C;*&76\ZWE`G:````#'&7\NXVP'C*;9ES#+FR!8 MPQPPJY/-YB\T55:XZP(*6U5N:ZB).K5U((Y].6A95]U>7J4J`.@XBVNUVSU. M,SV=XECN)99D>-,M7"KA$HYG:&69#Q$[.G7:%*11-.X49:XHNCO, MNZ"O\Y2R[\4`81BW%"X?,VV)-U/B>VN'7[8$N2/4*+QZWR*XTY=-XX7<9((* MTR.J6V(/,Y9*%W45LJ1P.=$]]M;;R+;J5I0#W.,N)#HGF;/\BU;Q;M'B6;Y\ MBZJ3M[GCEDD%3W(]TA-*UFK0P.1B2X$VO;U(HQ'9);>;5BC+A5IDD@C[DL(2,TRC MT>C1F?BG&65K0`N;;%-UA5Q]+[[*5`S3&-B\)3/-V3 MM;XOD5B>OL-C^0$=7"&N;K4U&6@JG?T5O2$T*.,NI;R< MZEO+0`9J`&%K]BL)V;"%:I7Y$8K=B#\27YW*Q37KW]);\1%RO]!KYW;_`.T] M;_66V6_^Q_\`'Z7IO]#F]4`9I``````````````````````````````````` M`````````````````````````````````=1:.3:(/R>U(^1 M67,;9)(V\I;#BE%J9V8WE*M;'%/:H(L,I8<5?;2^RV[DY:4J`#U#XE)(LO@T MBBT=(>],C8Z19R8#4W69K&OCZY*>TK&TM!D4<$*AA,;&R]` M15.GJGJ414DNMEMO,MY`/X_8VQ[*GJ!R*30B*2!^Q:[K7_&KN\L#8Y.$!?7% M@<(JN>H`<%PW)LPS5$<,X MLB^8L@I"T$[RI'H!%6;(DR1%7I3+4DHF;>U)Y"^IZF(2+KK5*@RE]RN>"')4T.J5F<"6EX4MJXAJ=5"*US(;'(Y,:6A<#FVX]-:X$HE5 MUAEQ%3"Z&TMK;SK>7EH!J6ZLY0S3H3OSQZY7EO(NR'$.GF"=>M#9T0U-D83F MS;),[GD%F;H1$<88BQZV'QS&\0,DMA(@X/[1E-QDN0Y+D!*Y;HK<1.!$C5)35-[)''`E M,WE7ISEI"P#GXWRM(=<9?@;$N4+I[LMBG1_93/L1QWC;`,31"6YOF\1M;\:PK*T(->F^YI>;HM/8ZWR9DM=FRXPZK>YEM[D7:H)H890LVE MUM+[J4I=4#+8``````@'E7[2O2[Q4=\NZ!HX`)^````````(!;M]M'AM>/VW M_0^W!`$_0!7IH5[L.(?_`!"\E=PO70`6%@``/"IMNO3J++:4TSY<-G#1XAZ3'2J*FZ![45>K(F[L?1$8?6*$MSB=2O)U1$&^,D./ZS'D]^T\4/\`2WWKU=JK4,1> MI]61]NIMM1=3_ET^`0.O_(1E/O#*948EI(8/Z-)?7=+7+5,1>H]T));J+;47 M4)S-EO`-LWBZ:YY^R/PE]!\,XU@F3332BBM2JUY9@.5%+7G)+#591Y MU2K0,1Z`,/$"@.QC9%C8QOWERR8X7VH8LMY[E#!O#@7/&'Y"=!)*LQ_+,TXP MVFRAD/0S/&7UDKL3)X25`9&0D)5WEGG*+$ME:5`QIK"R<6>"MV<(=KO"]N,F MYBDVD6<4!6?,GH]]]?Y1!,V-;2G<(O9G'$NXDZR/K/D79N8+2%+?'77&+R8@ M;UYUJBXSK"V[G@>IAF&-YISJ5OW$6!IWEDT5EO"_?XKDS"&5\'[P&I)MM\K> MV`PERC+[N!EK($P?]A4Y=J\E[38Y9Z0=S;S:&%76&V)[:`7=<'3">9,9;X\2 M.7Y'Q1D6!12;ZX<(-DA^\QO6TZ$ZEAGXH`@3%)V?MIQ$<)PF;Z";@:>Z3ZL;7UR%J!BO&W#[R+%HCE MW9Q_7.[(AW*V;RXBCD=B^*,?1EZ?3G5*T)2JGJ*'7K'E9?;9T%P$6]8=0=N9 M+CSA9R&PTMQ9*(MA1GC^4&S,9,*DL,STN0IHMD^S M-ILW:B4]C$K7J:437W*2RR2+3`!P,.:@[<;&X]X:6K>/-7M@M>,M\/\`T&XH MF$-E9ME;%D@Q3CTO).Q6$Y1B/$\.@>4'A*CA^6+,@3MSL?;U;"L<$J1"JJMO M,I?0SF`38X76*&CD+7';.4YGPW*,0QU\RZ^-D;A M35C2#O4E0MR?+!=TD:5H(2$ M6W=>V=#SJ5`[QM/@'B.X$EW&1PQH4X[R.>/W[6W3R?X-:5MCBZ29>A6%9/L8L<9]'YTXXQ]=U32 MW&JDUQTCM<%;&50J],?-9<>LN/,1XWQ5O_`L MT4W>/D1%\6F6OF0-ILQY"STWS%&IY]D_H@0%XXJ27:I.,.3VU3'@6O<#9CW4 MB4HVGCW$T1[,NN\QJ[&[D]9$G+F\R'5*489LA#"D@[7K2X1A$APFRR..K*'E MSE(A*M>E;Y?URH.46\MJ8#8<```````````````````````````````````` M``````````````````````````````````````````8_9,48PC60)QE>.X\A M3%D_)J*,MV1LAM$89F^:SMOA:(YMB"*7R9(C*>9$EB[>H,(;RU9QMJ0J^ZPJ MEMM:T`'@+P[B8J93C(A6-((7/LF1IIAN19I9%62R4SJ),)*Y,R1F7/UJ*CG( M6%H3N:BQ,D5&FD$6'F4LMI2^[E`]MC_'D"Q/"X]CC%\+BV.\?Q%OM:HM"82Q M-D8BL<;+###K6]C869,C;&M':<=??0LDJRSG75KRO<+#**UMSF MKH>89:I.I>!)6/Q]AB;"R16+,K3&HQ&FAN8(['6%N2-#&PL3.C);VEE9FEO) M3H&QJ:T"HZRP:4*3H@PRR0LS]?`KGASJ ME,.>6Q/8\IB$]]B)0E.-HI*`I;=L19/VYU7X&V*8]E[!A1BG3*.YOG>),ZYE MS9$)7G9R9M4\31)B?VEDP\]QN?Y69L>O.3%;J^V&2%!1,M4-ZLZY17EMJ!T_ M4MWQ_N'G37+5;*6/K\>:[XHPWQ"FVW"T/SKE>4X7S!M5KEM]CO",\R1!\F.S M^RSC,$*BT:D*YVC2=S-O,8[Y$JNN)ZY;B5)0&/6K&><,>,\32IGE4A521 M3>@K1F=4OKHE--.Z:Z^MA' M12NX7KH`+"P``````````````````````` M```````````````````````````````````````````````````````````` M````````````!&G:_<#732/$;OFW9C)K'C6#-EW6B&J^\U;(Y<_&EW7H8E`X MHWV*9!-):YUMY"&]N3GGUMI<9?2PJPPRSWTM+4UU2RCHHWRUQW;;XA+/[YBO/PGRB>*YNCA[8?+W M=2>_3_'E'\_ZJKAB]CNVWQ"6?WS'G\)\HGBN;HX>V#NZD]^G&7E#_JJN&+V. M[;?$)9_?,/PGRB>*YNCA[8.[J3WZ<9>4>C>/O7O#7*3N:&*P;;&6S0AI5KV> M(68>:&&]S5ED7W($S@^/$X*:8V@6J:6V56++K2R[:UNMM,K2EEU!XUI9LG4+ M9L::B@U:*K6.DC=(^SWL<;W/55X'[.CQ$6RX^3+)CCW+)B!N&/C0[T[P2FXY5DF2:XXC;'`U7 M$<*Z_3B50TM'9R5L3+ M\)5@PY;14+5YM4:LS[.';JFL;^ZEJ\-W`,S60GV;^3K!U"V]LM'4\38IECL6 ME:Z6.[:;5::-U*QS54J:759%CC1;=1#I/(!=\ALUX4.T_E-Y\^444A^(^./& M=1QH_P"`D9ZEV:S]Q[IZ*K^DCOD-FO"AVG\IO/GRBA^(^./&=1QH_P"`>I=F ML_<>Z>BJ_I)_>^0V;\*':CRF\^?**'XCXX\9S\:/^`)F6YK2Z"8'NGHJOZ28 MFD.[NRM##VR&[/;.O3@5?>0K>S]GL_W1EI-MK6TRSIR,D6F/R\F[T4Z:ZA=M MW4-.+K^+6LKMOO':M;5WY>E5!3*B*V)$CZO(G`6Q660L7W\B:I4T6,=ID:\; MY+LU!L\V'LE>!+@O:^HWNCFKY'UBW51O3053>URMK*I;95D>WAZ#5L2U5T57AN7 M371T-(Q/YPN";ER?93)\-W"U6T3:.GF701J+),U7R*QC?V8X[=".)MJ,8B-M MB:6W&<,?(.P+&/'2!B9B8XT(X(EN14_1!.@CI%K>7:WU M3THAIUO7E)K6RH'#FFG6J.1,;PG#\UURPM(L6XUK97'4`78YBWZ*P'F)34-U ML+9R&TE'%RU"!0:G.M0VD6GIS;RC*7%WW6U`R&\86Q*_1.#P)SQW$C(+C5\@ MLD@,+3,J-NB42>,8KD3GCI2R1QN+2,R(J$.38E4M9%I/6Z)0E(,*LMO)*NL` MZTAUFU_;,TN.Q2#$<'2YN=4YY*_)!3*GMD1QRME;8RN=;3J\J[#B'_P`0O)7< M+UT`%A8````````````````````````````````````````````````````` M`````````````````````````````````````````*..,+QN\/\`"T:6G'3; M#W;,FUN0HE=*\?8N3(GY'#HY&E;B[,+=D3*TN;&IPO:XG<^,BPE.WM]BEW=# MT9A5EB8KG+"JCPUA>],4UWD3'NM6Q=2VRURHNB MB6JGIFF9`W5/T^`EJ(J\=4/G7;3;J9VW8RVLS?L_DF6Y+GAA:I%'TU\2E;5! ML<,"H[IKHEBN$$MI[5"8Y;6EO2]'4YQ<;[:&KU:L_P#G!+W!>&\(8(IK*!E5 M+>CVV25#Z.JZH[AM;_H61L_<;I_YEOU6E/YE%<_P!#HFXWFJ9HV0B#-VP;>MWW;>-%67 MMAJ[*ZK[DOB^*1D]74T4$L\[XZ>OBCU;Y'.70:B-1=2U&M1$,A?N8@G_`),F M_7R<_P!XA1?VZQ#[ZD^:4G:207JIY'/BL0?_`&+$']S'[F()_P"3)OU\G/\` M>(/MUB'WU)\TI.TCU4\CGQ6(/_L6(/[F/W,03_R9-^ODY_O$'VZQ#[ZD^:4G M:1ZJ>1SXK$'_`-BQ!_.8]5N+3^D)*F]]B3>;UQ,97?;=96E;;JBME^Y[=J'?#X9,/=S5Q%]LG^YIG7I.F,4.=] MZ;:K:VBUI35?M*]+O%1WR[H&C@`GX````````@%NW MVT>&UX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT`%A8``````````````````` M```````````````````````````````````````````````````````````` M``````````,!2?:W5R$/[I%)ILG@*(REC4]9O4:D^8L=L#^T*^CL-ZU=&=UD M21Q;U/1&VW%MK)\?6*_P"]8:A_"7C#5-X:&CC]XVREC3+'$:@DAQ3D MB!Y,8$>F.,VE<]X\F4=FC2B=2LU9\5&-:UQC3DY)$CE8E5%&U(,OM-H4;9?S M>;?;6LS,T75L??\`II^S1^YP:@IZ_K%2+_Y?[BBGI+_]>_\`[U?^T31U;^&O M'*>L0=)?_KW_`/>K_P!H:M_#7CBQ!TE_^O?_`-ZO_:&K?PUXXL0\)YE_6ZC\ M>_TN?_I5_P#*O_QCB][]0[17F5X/N*<7HFH7B':\0]JK&WO$BGM&A&IQC_=U M?.VE5K[S?&S5M[)D\\R;E\G4YD04B7[```#!&Q_:N5>^F"?MDR"X>2[=<6'O+E`1&%Z#&6NF;T7W/;M0[X?#)A[N:N(OQD_W-,Z])TQ MB;SOO3;5;6T6M*;D@K4C$``````````0#RK]I7I=XJ.^7=`T<`$_```````` M$`MV^VCPVO'[;_H?;@@"?H`KTT*]V'$/_B%Y*[A>N@`L+``````````````` M```````````````````````````````````````````````````````````` M````!ZQ*],RYQ=6=$[-BQV8JHJ/;6E7I5#BSU6G5`'$9)5%Y*B5.4BBZ^]X;K44D6.R8Q M:U)&!5:G+3W&7G%65NLI6VE:@#ASF=0O&40D60,BRN/0:#1%J M5/DHE\L>$#!'(^T(K.>JZHT]!-,UOMKN)SF;9^CA`=3S9O@'7=1<UH6NE"7,S'SG$Y].&,!+48/R324M[XT:JQ MRUBJV2@HW)H.1BHME94-70U+5ZA&Y%U;WN18R\>#,E%=>VHO+$39*>[%L5L5 MBI+*G`M^+8ON_MJFDC>:*VF;#V/(^VIVEIQI%R4:>IYE+E<81.[@J4JSS%:Y MQ=7EX2N#R]O#DL.O/5K5JA0K5J#+S3C+S+KKJXE+[RB8RQ)>U1?M^WW>%3>] M5(KY9'54B*YR_NM>UC6II-8QK6-1$:UJ(B(2(I;GNZAIV4E)311TT;;&M1B6 M(G^U%55X:JJJJZ*JJGL_W;P[_EU$/U)8?S4.J^U-^>-*WYU-VP]_<5-\3'T# M>4/W;P[_`)=1#]26'\U!]J;\\:5OSJ;M@[BIOB8^@;RBC?B!,;8P[7D)&ID; M6(@W7['JB]*UM2-H(--K/\JEU47IT2=,48;6VREO/K;6ZM+:4Y>H-ESV&E?5 M7CD?QK-63RU$B8B@:CI)'2*B=RM6Q'."1)SA8F18DHFQM:Q. MXM)$1/\`B.X"6$0QG'+````!XC_2ZCU.?^2O'%_,.YU>0IQ?S"\0[;B'M58V M]XD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3"5>QI2'&?AO>*CSBP]YB^Y[=J'?#X9,/=S M5Q%^,G^YIG7I.F,3>=]Z;:K:VBUI35?M*]+O%1WR[ MH&C@`GX````````@%NWVT>&UX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT`%A8 M```````````````````````````````````````````````````````````` M`````````````````#KDQ9'"31&4QMHDSQ"G601Q\9&R91XML.?XDX.K8J0( MI,QE/2%T9C7AA4J+52:U6F4)KCBK:&E&6U$KDF]69;%S64M6VOJ=7($![@B7MR4M4LM+`S'PTM7M:N M)"S[H3/77)>INJK-G.1:;Y7M.NN#LC;&QN-9[V5W@V<:']S;#\$,157.PXU.^U*6ED MJ"UEH%PG$G?\;;EZC\-&6R6!G.F(MF=E\!Y'<<7Y&;;>ZZMUVL6);KKJUNNNNCYE;KKJUY:UK6JNM:U MK4:T"9R&7I$L3%E\HB?\Y/X2V^NS)_">/L'A+O&GZ!O*'U?NDO@P8D_5Z__`.6'K(Y>_O;?79D_A'V# MPEWC3]`WE#ZOW27P8,2?J]?_`/+#UD' M,5X3W0:(QB.!1S'D?5<:;SE5Z-&456ZE: M?B%VTY.H-JS]/]CC%^/-5>=Y18HAB9).[5N;&E%$Y&(MB?LHYSG M6<-RD*\YBZ;NN?%5!379"R&%U`KE1J(B*[JTB6K9P;$1.(B%=0S\D;@```\1 M_I=1ZG/_`"5XXOYAW.KR%.+^87B';<0]JK&WO$BGM&A&IWC_`'=7SMI5:^\W MQLU;>R9//,FY?)U.9$%(E^P```P1L?VKE7OI@G[9,@N'DNW7,\$J]C2D.,_# M>\5'G%A[RY0$1A>@QEKIF]%]SV[4.^'PR8>[FKB+\9/]S3.O2=,8F\[[TVU6 MUM%K2FY(*U(Q``````````$`\J_:5Z7>*COEW0-'`!/P```````!`+=OMH\- MKQ^V_P"A]N"`)^@"O30KW8<0_P#B%Y*[A>N@`L+````````````````````` M``````````````````````````````````````````````````````````!Z MI(Q,C>N=G1`S-2)S?[TQKZXI&](F7/1B(BJ5&8[*R2;%#C>D35J654ZZ^I=E M>;;R4Z@`ZFBQ+BIN97*-M^,\?((Z\.7KR[L"*&1Q*RNKOTEIWKJY-1#;8A7. M736TNZP&(&JSXE!X?%SUY-$RXZ.QEE9#5B>V[GVD*S M&Q$FO4$VWUY:6WUK;2O5Y`!UYRP=A5Z@;3BQXP_BYVQ@P'(5+%CARQ_$UT#9 M5#8<:I;5#3$%32;'FXYO4'7F$7DI[+BK[[KK:TK6M0!71Q7R["F?0THJRPLL MO?6'%EEEVTLL+LLUEVEMLLLLMI2VVRVVG)2E.I2@AQ[0'>?8V\!I?*%&7)R0 M^D6[>?EV/*8/&JB9"`````#4SXV?S[8WXJ6-NZMFH;=_Z=#>^8^\[H=@0D#< MZK=C=VUW\Z4JA&Q$1=```#Q'^EU'J<_\E>.+^8=SJ\A3B_F%XAVW$/:JQM[Q M(I[1H1J=X_W=7SMI5:^\WQLU;>R9//,FY?)U.9$%(E^P```P1L?VKE7OI@G[ M9,@N'DNW7,\$J]C2D.,_#>\5'G%A[RY0$1A>@QEKIF]%]SV[4.^'PR8>[FKB M+\9/]S3.O2=,8F\[[TVU6UM%K2FY(*U(Q``````````$`\J_:5Z7>*COEW0- M'`!/P```````!`+=OMH\-KQ^V_Z'VX(`GZ`*]-"O=AQ#_P"(7DKN%ZZ`"PL` M```````````````````````````````````````````````````````````` M`````````````````````````5-<6+V*T0\?>(?1GVF$./:`[S[&W@-+Y0HR MY.2'TBW;S\NQY3!@U43(0`````:F?&S^?;&_%2QMW5LU#;O_`$Z&]\Q]YW0[ M`A(&YU6[&[MKOYTI5"-B(BZ```'B/]+J/4Y_Y*\<7\P[G5Y"G%_,+Q#MN(>U M5C;WB13VC0C4[Q_NZOG;2JU]YOC9JV]DR>>9-R^3JDZ8Q-YWWIMJMK:+6E-R05J1B``````````(!Y5^TKTN\5' M?+N@:.`"?@```````"`6[?;1X;7C]M_T/MP0!/T`5Z:%>[#B'_Q"\E=PO70` M6%@````````````````````````````````````````````````````````` M````````````````````````````"IKBQ>Q6B'C[Q#Z,^TPAQ[0'>?8V\!I? M*%&7)R0^D6[>?EV/*8,&JB9"`````#4SXV?S[8WXJ6-NZMFH;=_Z=#>^8^\[ MH=@0D#(=M MQ#VJL;>\2*>T:$:G>/\`=U?.VE5K[S?&S5M[)D\\R;E\G4YD04B7[```#!&Q M_:N5>^F"?MDR"X>2[=<6'O+E`1&%Z#&6NF;T7W/;M0[ MX?#)A[N:N(OQD_W-,Z])TQB;SOO3;5;6T6M*;D@K4C$``````````0#RK]I7 MI=XJ.^7=`T<`$_````````$`MV^VCPVO'[;_`*'VX(`GZ`*]-"O=AQ#_`.(7 MDKN%ZZ`"PL`````````````````````````````````````````````````` M````````````````````````````````````5-<6+V*T0\?>(?1GVF$./:`[ MS[&W@-+Y0HRY.2'TBW;S\NQY3!@U43(0`````:F?&S^?;&_%2QMW5LU#;O\` MTZ&]\Q]YW0[`A(&YU6[&[MKOYTI5"-B(BZ```'B/]+J/4Y_Y*\<7\P[G5Y"G M%_,+Q#MN(>U5C;WB13VC0C4[Q_NZOG;2JU]YOC9JV]DR>>9-R^3JDZ8Q-YWWIMJMK:+6E-R05J1B``````````( M!Y5^TKTN\5'?+N@:.`"6.7\R8IU_QS*D:(,J+\#U4@XEVEL>:\72"N8B'Z*Y M;@;/E6/R^(1.:2Z*Q_%K_+FO'[/D?)3['X\O0XMAZN?/!#+(?1GV MF$./:`[S[&W@-+Y0HRY.2'TBW;S\NQY3!@U43(0`````:F?&S^?;&_%2QMW5 MLU#;O_3H;WS'WG=#L"$@;G5;L;NVN_G2E4(V(B+H```>(_TNH]3G_DKQQ?S# MN=7D*<7\PO$.VXA[56-O>)%/:-"-3O'^[J^=M*K7WF^-FK;V3)YYDW+Y.IS( M@I$OV```&"-C^U7*`B,+T&, MM=,WHON>W:AWP^&3#WFVJVMHM:4W)!6I&(````` M`````@'E7[2O2[Q4=\NZ!HX`,][08JC>6\)S]D>SDR5:14I05:JOMM,MI?=R@5#8UQCFS6MHX M,^?I;@S+4W8M>^'`\:H9\Q[CN+7SG*V&\AY$QGJ:[MF-N+N1T4G$@8QUIQ-L'J1GN%;J9.URS:^P;.#1Q'K7S$V+HT MWY/RSK@MVDW>C^T^&&N6P*)/2]287-X"T&$2,UEN<"&&2ED)UMUI%;E98'LV M#0)RC>AL'D^1M>IC(]N99*,Q(6#`[%,9$G@OK5M%NK.MFL8X2#!39E<_]?61,$R2V:])(FW'K=2-N%"=T1GXPP- MC>7W+VHLBXE/0]U.3U+.OJ:4;?2R^P"X``5Z:%>[#B'_`,0O)7<+UT`%A8`` M```````````````````````````````````````````````````````````` M````````````````````````J:XL7L5HAX^\0^C/M,(<>T!WGV-O`:7RA1ER MIS_R5XXOYAW.KR%.+^87B';<0]JK M&WO$BGM&A&IWC_=U?.VE5K[S?&S5M[)D\\R;E\G4YD04B7[```#!&Q_:N5>^ MF"?MDR"X>2[=<6'O+E`1&%Z#&6NF;T7W/;M0[X?#)A[ MN:N(OQD_W-,Z])TQB;SOO3;5;6T6M*;D@K4C$``````````0#RK]I7I=XJ.^ M7=`T<`$_````````$`MV^VCPVO'[;_H?;@@"?H`KTT*]V'$/_B%Y*[A>N@`L M+``````````````````````````````````````````````````````````` M```````````````````````````%37%B]BM$/'WB'T9]IA#CV@.\^QMX#2^4 M*,N3DA](MV\_+L>4P8-5$R$`````&IGQL_GVQOQ4L;=U;-0V[_TZ&]\Q]YW0 M[`A(&YU6[&[MKOYTI5"-B(BZ```'B/\`2ZCU.?\`DKQQ?S#N=7D*<7\PO$.V MXA[56-O>)%/:-"-3O'^[J^=M*K7WF^-FK;V3)YYDW+Y.IS(@I$OV```&"-C^ MU7*`B,+T&,M=,WHON>W:AWP M^&3#WFVJVMHM:4W)!6I&(``````````@'E7[2O2 M[Q4=\NZ!HX`)^````````(!;M]M'AM>/VW_0^W!`$_0!7IH5[L.(?_$+R5W" M]=`!86`````````````````````````````````````````````````````Q M;FO([KB+%:G==)DWK3$D$E?HPQ*7/F** MF\U2O2E]$7?7G\M*4J!4UC;C>8[EC_MTPY+TTW2URNTAUT>-D<_..:(EB!&W M1>/)H_=*HM![SX5F69U(R7DB-IU2YA:E-$]RM(D,.OO*+J5<8!YX1QIX]+L) M*\[O&C&ZF,H@]N>!8IAB_);+@ME)SQD+92>Q?'F*H/"'9GSA(&AB<%CI,4"Q MQ42$YG2MK9?<<;?4RVTFX#/F&>*-A_/I&HK=C3'V3'2?;82+.C97'"M/&2)! MA2,ZORJ28YV!R/E5P12%RCA$$@V5F)/%T:UM6+[7]X>$):"AMAAUY`%F@``` M`.A93.R0MT8/= M*%VK3D250J+(K=<67?=2E*@:^^/N*AQ"XOD7?M'LMAG2A5AWAUZYR_*&=\HZ MXY&S;)VDC-)&/'?($)UV8E^08?%RWV>U:4"=7(BTJ8TAD3N"8@T^U<=:F`&# M==^.KMQE_5S838`^%:-3B<8QP/BW*;'KGA:3[3+L]P8[*4_QY&E4TS)CC(&) MHHI>L.XEB4M<7B1ND)6/J>\QGO2IEG(;8HH!-W7CBIYESOWMV-DV/L5MF5YY ME?/#]F/(BRLOC^$&G177W*LAQ6I5JG! M;<4P8- M5$R$`````&IGQL_GVQOQ4L;=U;-0V[_TZ&]\Q]YW0[`A(&YU6[&[MKOYTI5" M-B(BZ```'B/]+J/4Y_Y*\<7\P[G5Y"G%_,+Q#MN(>U5C;WB13VC0C4[Q_NZO MG;2JU]YOC9JV]DR>>9-R^3JDZ8Q M-YWWIMJMK:+6E-R05J1B``````````(!Y5^TKTN\5'?+N@:.`"?@```````" M`6[?;1X;7C]M_P!#[<$`3]`%>FA7NPXA_P#$+R5W"]=`!86````````````` M````````````````````````````````````````XRTQ44C5FHD]BM:6F/,2 M)3#J)RU*JPJ^Y.GO45MOH18<;2EM;ZTKS:5Y>2O(`*(-O3SH!B"6-&;< M39;R?!)Q;-5&S$V;;(-$(,T2!K)3%-;!S$A[S0C_`-TJ/*5V5O.`Q=D#AT[_ M`#!`+\U:^0>["N4LBY'G,*>-;=:\P0#!64BLG'[4R MQS8"5H0HNGXE`,F/#RT M1UIH^M&GN<]696SQ+W&26S5)&9'. M<@,2MSB;=5M;:6K#%)*Y,W4I6PFTREA86H=&U1Q]A+'.W/?O[@<7753:S/D8 MUK3:E8P7Q)9@_7Z+L&)OTR(G;Z^S!C:LQSPZ:9+EDC2EG*%=JAO:TEMQMB9# M92^RI06H=.FNB.)=S"IVY1[=[4C/FWV0=O&+;&8M#F1%\VX6E^&\.Q/(&)L& MZNRS"T)(/B\S(,B)JE=I;?#V)&SW/)Z&Y:Y7-I"FJ;_P!NEJI4U2IZ M%D]*9S.?`TOE"C+ MDY(?2+=O/R['E,3,A`````!J9\;/Y]L;\5+&W=6S4-N_].AO?,?>=T.P( M2!N=5NQN[:[^=*50C8B(N@``!XC_`$NH]3G_`)*\<7\P[G5Y"G%_,+Q#MN(> MU5C;WB13VC0C4[Q_NZOG;2JU]YOC9JV]DR>>9-R^3JDZ8Q-YWWIMJMK:+6E-R05J1B``````````(!Y5^TKTN\5 M'?+N@:.`"?@```````"`6[?;1X;7C]M_T/MP0!/T`5Z:%>[#B'_Q"\E=PO70 M`6%@``````````````````````````````````````````````````#B.#@@ M:4"UT=%J1M;&U(I<'%Q<%)*-`WH$9-ZA8M6K%%Y:=*D2IR[C###+K;+++:W7 M5I2E:@#4FXG7WG&`8TND>%.'&5',SY'3WK69^V9?D][I@F"K+*7IE/[M6XDY M*=G"2H3N=S%99I$5(-LMNZZTU.RG==S)G,;8KY'R.>Y>&Y4>U+5]QJ(FDB(AT[J^K59L%\HP^C\*LGGBFGZ*7MAX[NJ_C%_PY0[[_<7PR-PO*LV"^48/ MPJR>>*:?HI>V#NZK^,7_``Y1ZQ;NGN$E/(0)MO\`5EMUZ%D;=J=@#G!3 M9;6E+E%]+\D6$($!=U:4,4J+RB+/0YU;N2VM!X_I*Q=1& MCI%FE7WL8B:FHC9;8LL\J MHD<$3=-TDKFM3AVV(OD<,M[0Y"9%S)F[9G8C)T9=Z)JK,833/F8)[C:O6B@I M8DJ],$QESHURUP2*R;#+#52:BLU.AH6Z:&=3-H]GK@_)8RGQ7E9ZCB7*"W4R-A3JVN:D@NEZYQ+I7EHA3W=)R_^+>33JUJZZ+CKJB-M?>\\\%W M.2UC4<[JTR?\MJK8QB_&O34^\:]=`COE#RIX5NBMGPGD[NJZ;VQC"Y65$SX( MOZ==K^"E7+&U'5%4W32[Z9W5;;.Z9:5JHY;R_NM[<61Q=XZY*3*KGA?K1G[K MYT-)3D&'6E+,;5)3)TR4LI*WMZ;I;NB()MMLLYU:UYUU;KJWZR;U+I)*JEC3 MJ=%'&S41HJJB*KG6N5SE5SWNL35/(?1GVF$./:`[S[&W@-+Y0HRY.2'TBW;S\NQY3!@U4 M3(0`````:F?&S^?;&_%2QMW5LU#;O_3H;WS'WG=#L"$@;G5;L;NVN_G2E4(V M(B+H```>(_TNH]3G_DKQQ?S#N=7D*<7\PO$.VXA[56-O>)%/:-"-3O'^[J^= MM*K7WF^-FK;V3)YYDW+Y.IS(@I$OV```&"-C^U7*`B,+T&,M=,WHON>W:AWP^&3#WFVJVMHM:4W)!6I&(``````````@'E7[2O2[Q4=\NZ!HX`)^````````(! M;M]M'AM>/VW_`$/MP0!/T`5Z:%>[#B'_`,0O)7<+UT`%A8`````````````` M`````````````````````````````````````U=_O6SP_P!ND.OT&12:4,L2 MR=M8V17(K''9&\1U).(LCPGF:4$1F4>LRQ$8]1VDB842V]"?=>F-4)"KK[+J MV6\EU,BF'KHQ3E(H+EOV)9KMD9.YS-4YEKHX7O8NJ8K7:#FHMEMBV6+:EJ'P MWC+)!1NDB6QZ6?XK8:'M,40^VVVVW])K;;;;;++;9G*K;;++:4MMLMMH[4MM MMMMIR4I3J4H,AWX79=?6VRIE>3D&#C/NO6^, M*9P%9<=Q5M9#=<5!2N:Q9Y)+'/CM6)L<8JSFZ_7;=;?809=;=;6G)6E:5IU*TZH]]+C;%KZF-CKPJE:LC4 M7]M>&AU5^YK^;S3W)65$.#[B;,RDFY;- M-SW*KGN714P8-5$R$`````&IGQL_GVQOQ4L;=U;-0V[_P!.AO?,?>=T M.P(2!N=5NQN[:[^=*50C8B(N@``!XC_2ZCU.?^2O'%_,.YU>0IQ?S"\0[;B' MM58V]XD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3"5>QI2'&?AO>*CSBP]YB^Y[=J'?#X9 M,/=S5Q%^,G^YIG7I.F,3>=]Z;:K:VBUI35?M*]+O% M1WR[H&C@`GX````````@%NWVT>&UX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT M`%A8```````````````````````````````````````````````````U:/O6 MOS3=1/'*3?1VSX+WYNGI=NWK55L>0ZV]_D#^*WDH:2@R6E'`````'(Q%Z:RC M\(O]A8.-?#VB&^6K]KJ/6C:X]B-O1;R\]KPV'=IF00:,PX```+1L#_3,9"O\F/RFLZW'TSB(>?-]28:\-K-:@/I M8"[ICL`````````````"IKBQ>Q6B'C[Q#Z,^TPAQ[0'>?8V\!I?*%&7)R0^D M6[>?EV/*8,&JB9"`````#4SXV?S[8WXJ6-NZMFH;=_Z=#>^8^\[H=@0D#(=MQ#VJL;>\2 M*>T:$:G>/]W5\[:56OO-\;-6WLF3SS)N7R=3F1!2)?L```,$;']JY5[Z8)^V M3(+AY+MUS/!*O8TI#C/PWO%1YQ8>\N4!$87H,9:Z9O1?<]NU#OA\,F'NYJXB M_&3_`'-,Z])TQB;SOO3;5;6T6M*;D@K4C$``````````0#RK]I7I=XJ.^7=` MT<`$_````````$`MV^VCPVO'[;_H?;@@"?H`KTT*]V'$/_B%Y*[A>N@`L+`` M`````````````````````````````````````````````````&K1]ZU^:;J) MXY2;Z.V?!>_-T]+MV]:JMCR'6WO\@?Q6\E#24&2THX`````Y&(O364?A%_L+ M!QKX>T0WRU?M=1ZT;7'L1MZ+>7GM>&P[M,R"#1F'```#@.OL6Y>H%G]','T4 M?RN+KC>F0Z;$>YZO\"GUIQ6#%O_UM5>$2=.IKUY.O1]< M6TU%L>,V,_NO/VML4\6C8'^F8R%?Y,?E-9UN/IG$0\^;ZDPUX;6:U`?2P%W3 M'8`````````````%37%B]BM$/'WB'T9]IA#CV@.\^QMX#2^4*,N3DA](MV\_ M+L>4P8-5$R$`````&IGQL_GVQOQ4L;=U;-0V[_TZ&]\Q]YW0[`A(&YU6[&[M MKOYTI5"-B(BZ```'B/\`2ZCU.?\`DKQQ?S#N=7D*<7\PO$.VXA[56-O>)%/: M-"-3O'^[J^=M*K7WF^-FK;V3)YYDW+Y.IS(@I$OV```&"-C^U7*`B,+T&,M=,WHON>W:AWP^&3#WFVJVMHM:4W)!6I&(``````````@'E7[2O2[Q4=\NZ!HX`) M^````````(!;M]M'AM>/VW_0^W!`$_0!7IH5[L.(?_$+R5W"]=`!86`````` M`````````````````````````````````````````````-6C[UK\TW43QRDW MT=L^"]^;IZ7;MZU5;'D.MO?Y`_BMY*&DH,EI1P````!R,1>FLH_"+_86#C7P M]HAOEJ_:ZCUHVN/8C;T6\O/:\-AW:9D$&C,.```'`=?8MR]0+/Z.8/HH_E<7 M7&],ATV(]SU?X%/K3BL&+>YB.?\``6C^@)Q+2]_K:J\(DZ=37KR=>CZXMIJ+ M8\9L9_=>?M;8IXM&P/\`3,9"O\F/RFLZW'TSB(>?-]28:\-K-:@/I8"[ICL/ M12B41N$1J0S.8OK3%HE$F1TDLHDK^O3-3''H^QH3W)Y>WAS6F$HVYK:V],8> M>>;?:6459===6E*5J`,+,&V6MDGUQKMZR9G@BK66D/>I_?FLUXL00,N&QT]P M2O4@-=G&Q)0E"@5-9Y5W.MI?<:76RVVMU:4J!BYXXC>CC`9@0MYV8QFW]\]& MHO,\'&GN2RB:;PZ;O++&X9+:J[$-R6,Q>6R:1H6ML<'B]O2+G166C),O4W4* M`$AXOFC%TUR7E##T3F38_P"2,*DPDW*T8;;%IZB"WY&:%D@A:%^742T:DSP^ ML"*J^Q#0^Y86B-(4&E6%*4]YH&4``````!4UQ8O8K1#Q]XA]&?:80X]H#O/L M;>`TOE"C+DY(?2+=O/R['E,3,A`````!J9\;/Y]L;\5+&W=6S4-N_].AO M?,?>=T.P(2!N=5NQN[:[^=*50C8B(N@``!XC_2ZCU.?^2O'%_,.YU>0IQ?S" M\0[;B'M58V]XD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3"5>QI2'&?AO>*CSBP]YB^Y[= MJ'?#X9,/=S5Q%^,G^YIG7I.F,3>=]Z;:K:VBUI35? MM*]+O%1WR[H&C@`GX`*KN)+OK--091JYC+&:'&UTWV,DV5ZJ9!E2.YCF49B< M$P]CZLHD+FFAV"(])LCR60.DD?&-M2ITJ6XLLM8<>97F$U`&/8)OIG[.J[7# M#FN;YIYE+,.7<(9BV4F^;&9QRJY:U1K&&-,HL&)F*.1>.%'-^2GC)$GFDIL; MG%*X+6ZD<.8W6JDHT^TA%2A%O@4O61N&9$B$H M?TJ%!J+MVF7+%#,QO"YQ)2HE"@LLXRXNEA5]]M+JTK6@`M3`%>FA7NPXA_\` M$+R5W"]=`!86```````````````````````````````````````````````` M```-6C[UK\TW43QRDWT=L^"]^;IZ7;MZU5;'D.MO?Y`_BMY*&DH,EI1P```` M!R,1>FLH_"+_`&%@XU\/:(;Y:OVNH]:-KCV(V]%O+SVO#8=VF9!!HS#@``!P M'7V+CZXMIJ+8\9L:?=>+;J\6V*UI2M:6ZS[`UNK2E:TMIU[C&WEK7 M\%.==2G^6HK_`"8_*:SK+NF.PHSXSNO6^&T31B M;%N`<78LS)J6A+E4WVCP[*\YR;!\ISH^1Y'UQBC&:M[CF.I^KFZ8#7@B>F?&$S'P?-5\#S#3>"&ZN8$ULSO(GW6V3YNR5 MC'/>8LN%4R&OP_*LHXINP0X2!RLQ.[+_`%]C^-RSRRI%)"6U0L77%EIT]@%@ M$)T@3E\)W3C8S:K7//"':;$>H^KNLD?U#Q++WLR[:='CC*T"R;J5B38N,/>, MDTHQU97/J)L>Y/8C,:#XDG,`TOE"C+DY( M?2+=O/R['E,3,A`````!J9\;/Y]L;\5+&W=6S4-N_].AO?,?>=T.P(2!N M=5NQN[:[^=*50C8B(N@``!XC_2ZCU.?^2O'%_,.YU>0IQ?S"\0[;B'M58V]X MD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3"5>QI2'&?AO>*CSBP]YB^Y[=J'?#X9,/=S5Q M%^,G^YIG7I.F,3>=]Z;:K:VBUI35?M*]+O%1WR[H& MC@`GX`(NY\QCLA*)9CF?:Y[",6*G.%(I>SRK&N2\7TRIAK*S7*[&2J%=)&YB MEV-LB1V705:K,6V`9Y8M%GW'VC[/I?C;-+VV72)Y>[\W9N6MA;?D29MF8'-.7$S*^ZQ1O6!DUFN@`L+```` M```````%"7%>XF&Y?#TD!<\C&&-7'/7HEXQ5#8&TY1RO-4^P>WF3Y\^)T4CQ MK@",P9B2XE M$5.L5DT/)+`'K5G&=RCC+<1O?>I*3`7!ZC9(R]E/!,*E M^P;%`(-G)X1&O&1\3X_=CWE/AM8_*E#W'<62M:K2E1B0DI+<3;0"2X````*P$W&#T;4[))-8J33(9$G<\Y+-7F?)RW"V5$6O+W MLV@)N.6:]L^>E45*QLXY7*Z.XNC:6NK0T^VI19EYG);4!!N,'HWD+89MUP89 MMD%-(I+D:=8;@>2I#AC*<:P#DO,.,2U9N0<78\SB]Q9%CR4S**VMY]#B"%O0 MG7E5M3FG77%TO`\>.^,-HYDC%V=G]TGF,IE#%,YP?-'" M6LF.FLH_"+_`&%@XU\/:(;Y:OVNH]:-KCV(V]%O M+SVO#8=VF9!!HS#@``!P'7V+4V(Z\E:V\ZEQQW)6A19E M>H)<7RV&"NJJVOD2&A2IE35*EKGJCUM;$S061W#LL:W3>YJ&K!CW.>R89NF2 M&XZ[%]2D^(I+CHUIKNAL<&=.V)3ZEW'M[(0A5DGITIUQ=O2F&WWGJ*VTY]:6TMLMHBHQ ME>DY7\JV2[; MCIW/2DHJ9RLB@8ZRU573DD[/ M%O//-DLIMZ.VIIAYDPDUM"[2Z`B:*F'G MS,,B6WG)(+)).9;?TI*J8JI5*3&RVEW+8<6Q)*O)=T@/KU:=-?6U#;7\)_5M M%;W?68LIK*C$%Y5J/TTIFRJDB\+JSM'J+?W$ME5.!'IEQ[JO#'%(B56*+WO% MK]!6TC)E25>%W0_1Z@W]Q+9U332/FC>P^Z$/$@(?1GVF$./:`[S[&W@-+Y0H MRY.2'TBW;S\NQY3!@U43(0`````:F?&S^?;&_%2QMW5LU#;O_3H;WS'WG=#L M"$@;G5;L;NVN_G2E4(V(B+H```>(_P!+J/4Y_P"2O'%_,.YU>0IQ?S"\0[;B M'M58V]XD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3"5>QI2'&?AO>*CSBP]YB^Y[=J'?#X M9,/=S5Q%^,G^YIG7I.F,3>=]Z;:K:VBUI3/2J*+VF*Q..LJ)TDTNDS@2D.,*;VQ&K5WDD&&4+Y MA=]UH'4XKO7I]-=9GCOEJ*-1XJ+F&$/[<_DN!21X M99(V*B^@,:%24IUZYO+)M3U-,+LN`Z-/^)CHOB['.#LM3W8B*Q['>Q\*MR7A MV2GLTS5IY/C2U#&G);DEP1ML96.<,QVR(YDU7.;Z^D-C4U5<4]JQ01>;9;4" M2#3G3$[]F22:_LA.66."M.B.4%D7)[*F@#+0``"`>5?M*]+O%1WR[H&C@`GX````````@ M%NWVT>&UX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT`%A8```````````IQWWX M:6R.YKAFN$1_B`2/&6KFS<&B^/\`-.OLMP+",R%QUJ8++4[LZ:Z35VD<648B M?ILALY'(Y>@DEMBV[KQ/0HTI/:0!B;:7@UY@V2BDIUHNX@<_:-![667P/# M[U>KDWK68F4WNDH1M"HTRVQOJ6>!#/AD<)AUX?&5,FY&=,VLN22I3BQEPTT) MHUC<_'SS-VQDS5F/-5N9]BWDZ92FS+.Q;FIS"8QJ9`60W65:&HFWHJU-K:4! M=&````#6"V_Q=O[M9O)JBZ-FC60\7Y#U-W:C,JBVP[GGG&^4-!GK45K7/])+ ME19B"0OB"1%;026-2$Q&B*(AA$D859)-4C]:25:9:!Y,QXJWXV=XC^E>53-' M,A8-R#JILPZ$Y$S-,L\XVS-H>_Z8G%3AMD,AP]C1Q>R92U[.95C\D3%$N:6( M,S^R'%4)6+C4MEG6P')V$X:;Y$,AY;BV@.KET%@FN."$>P$/33J32B0PO:3< MZ!H,AO6C.NT,2Y*F+JV,VM.I,U?G.=*8VC.:8I?.'%B(Z&PI&MNM`M!X7\MW M,E^)\KK=PDF3/_9YH7H,"/N0H#BV,.,VR;.(ACJ& M,]I=[O+IW)66(QAKL-OH452G5`'5U.><&HL M8E9L69GQ0DPRR4, MR7JZFV=$2W&*3#.=3FTKRT`'?;)I#C)B?CLN5QN^?I8TFF:F#V/C9=+TT/6N MBID12I1&[557DB.+'E`>D)77$T3&J2#"K;ZWV7VT`UCOO6OS3=1/'*3?1VSX M+WYNGI=NWK55L>0ZV]_D#^*WDH:2@R6E'`````'(Q%Z:RC\(O]A8.-?#VB&^ M6K]KJ/6C:X]B-O1;R\]KPV'=IF00:,PX```<%S]C7#U"K_HY@^BD^51=<;R4 M.HQ!]0UW@>7"QNFLE0D*')Q9T2E6JN)3N M%EE+S#3*\E/0LMY+;>2VE*4NAB['V(7XFKXINXY&PUG]2?1U4D%=/`Q\])3RO2*&5T<3-6]BN5 M&,:UJ:/`X9W[]S40_P!X3KXP99^94_/ M3QSIXV.5KV-1R6LEH6/BDA MI8(9&.?411N5KXV-ZNF7!TUM73-^/[G]\T?<7QMT7<$Q&+]X%W,P<_)T[B3F3;< M?3=Q6B'C[Q#Z,^TPAQ[0'>?8V\!I?*%&7)R0^D M6[>?EV/*8,&JB9"`````#4SXV?S[8WXJ6-NZMFH;=_Z=#>^8^\[H=@0D#(=MQ#VJL;>\2 M*>T:$:G>/]W5\[:56OO-\;-6WLF3SS)N7R=3F1!2)?L```,$;']JY5[Z8)^V M3(+AY+MUS/!*O8TI#C/PWO%1YQ8>\N4!$87H,9:Z9O1?<]NU#OA\,F'NYJXB M_&3_`'-,Z])TQB;SOO3;5;6T6M*;D@K4C$5^<1+(]<6XLATF4:OYOV%:S9O5 MC<)QK9`XEE+.NJMS]''MJ1;)XVQ\_L,I?W]_@:A5REWL38Y.26XVTRJ4\BAI M=0*!];^'BYY7X06_$5S[I_-YB],.5N(+G;0^FP<#>T&UV9WO)>+'XG'FPN>, M0477(E>RLEDK@8F:[U;.B6$]:HCDS?XA#]B8V^%X^P+BCAA:^PF(M$4:GHDVY_1%7*^;<8Y76T`VI```$`\J_: M5Z7>*COEW0-'`!/P```````!`+=OMH\-KQ^V_P"A]N"`)^@"O30KW8<0_P#B M%Y*[A>N@`L+`````````!2MQ1^-[K'PW6]?C]->5G7:]<55&%L'W[C&N[BN6+5,: MJ=4E=H11(O!>[A\)B6O=P$X)Z9ZB*G;JI%XB<%>(:#&Q_%`W]VHRB]97R5M) MF&*N+G?4EG@>#\E9#PSBJ"LEAIAB2.Q*(0F5-E3R$M#.0UQ=CW%X7WTI>H4W M4I867*[#^1C!ETT"07I`EX5ZZ+Y9-4U+>%&QKD1C$X%NJ3^,]?=M7\8O\`ARAWU^VW MA=;;>5%GOY0@_"W)[XIIN/)_&.[:OXQ?\.4?F_;+;,NR\TW;W;,HHJRXPTTS M:3/)991=E.=>889?D.VPLNRVG+6ZM:4I3T1X=DOR=L:KWW52M8U+555D1$1- M-559+$1."JGCNZJ3_B+_`(6)$145S5> ML42\75JBJG#6U."C'H33S<\RK+)E\=#?L[7W%D[_.T9[&R]>7ISI1.6R;O!A[BM/<5IAS_ M`#>.R60&E&+51EQ9)BLPLBRM+"Z6V4I00BERR8S?*Y\:TC(U551O4K=2G"M5 MUJV<-3*M0^S9S::>BBIZYE_U58R-J/F6\%B65R)HO6..)&,U2Z.I:EB:5JK: MJY`^MRXHOAY[!?\`]F/OD_'K_&'&WOZ7L"S7^];^_P#)R=K'UN7% M%\//8+_^S'WR?A^,.-O?TO8$Y8_+>S7^];^_\G)VL]8\<8SB7Q]`8YO7$"SV MW(2[K;*G'K8!RFG7_P#AIDQ)>/KSUBLZO4L)*MO,OKZ%M1]=#E3RA7E4)24" M4\M0NC8D#=!$TW.57(C6IP7.5&IP5*>Q3F%9G>";FDQ!BMU\4-T1JC>J27I+ M:][N9BB8V)TDTSUT(X86/E>N@UBGN=7^,WQ2YUMOJK&G3<_-IN.I7L]KU#9+ M&95;`%ZJ9Q>8YBA<9D#6\I"(4GM9&MS970\JI19ERRM+^6MY-U.:+GX8Q9?= M3><%V7K-!4U$SE1RQ1HR..QJK8UW-2NM2Q76-8G^5'\T06RYYOF3"Y,$7IC? M`%V7KQ8E^HR+KF M/T```````````````HNX\^PVC>LNNN(\I[B8#1;1S",9B2/NJF"WM6^61!_S MDW,:],EEF04A%ZF(68_A#.Z&GNBY];7=.C*/MM3)#E9Q5EP&K6[8[QTT8+X= M^1(UM5@60ZLR'B:[?YIWPR?$==I!/=$-0ME,V8B@"K#T-BV`*L8- M=ZI+&G%Z16L"1\<:KU!5ME:I+@)]XNU*PGLWPM7;9[/TD8]0WVG^F;WG)+(,E.#?F6!0/9IWRM`-><#ZY MP*V%N*/)>)^'YC_'5AV5'2YS16UE$C>G*WJJ.>FLH_"+_`&%@XU\/:(;Y M:OVNH]:-KCV(V]%O+SVO#8=VF9!!HS#@``!P7/V-,.UGCKWB1'V@;QWN+=U=Z;8U.O//RE\=[N+ZVVJ]D2'>1 M3Y2H```1BV:])XS]^+O^QKX+LY*/A[U\!CV3$7PR(_*+[VMBV9`1P%T"\YOQ M?<_OFC[B^-NB[@F(Q?S`NYF#GY.G<2(?1GVF$./:`[S[&W@-+Y0HRY.2'TBW;S\NQY3!@U43(0`````:F?&S M^?;&_%2QMW5LU#;O_3H;WS'WG=#L"$@;G5;L;NVN_G2E4(V(B+H```>(_P!+ MJ/4Y_P"2O'%_,.YU>0IQ?S"\0[;B'M58V]XD4]HT(U.\?[NKYVTJM?>;XV:M MO9,GGF3"5>QI2'&?AO>*C MSBP]Y`B(B:;G*MB-:B:*N541$T54Q78EQ-A[!URU&), M55E/07%3-5TL\ST8QJ)P+5T7.7_*UJ*YRZ2*7I\(3BXY9X6T+S@P,&M\,RHF MSA,8E+ZW3'*CY`GF/612-'QXI,>WLF/YJE-]`7"_]63GCP%<0>4A-?D+ M':?C?-7T4?++%^L9ASQ=7=%#_`!#_`*LG/'@*X@\I":_(6'XWW'WC5]%' MRQZQF'/%U=T4/\0_ZLG/'@*X@\I":_(6'XWW'WC5]%'RQZQF'/%U=T4/\1U* M3?>_,PQBXI*?HMB9P>E=G/0L#;L?,37-396[F]GM.:TS\1KD>U'II.1%3B*EI+H>3D`!`/*OVE>EWBH[Y=T#1P`3\```` M````0"W;[:/#:\?MO^A]N"`)^@"O30KW8<0_^(7DKN%ZZ`"PL```````!7YQ M6LHY!PIPVMW,KXIE3G!LD0+7')LBAM[7B,OZ./J>L7IJ,5$*2"7)`9?T MA!E2[JE&TMOIU:4J/IHX65-;!326I')-&Q;-.QSVM6S3T;%T-`\.6QJJFFB* M?*V68S*<')V=W2=Y+>7M^=5SY('Y[DZ=Z?Y"^N1]RAR?)`^.C0K=GQZ<5%]; MSU:HXT\VZO+==490[NR1W!ZJ__`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`8Z%4X,W3TG/NZ1Q87.6]!N(/!X=DP'V/1(8PY```````````` M```&,LOY;Q+@N`OF4LVSN'XVQ[%T_7#Q+IN[(&9F1=)^*0E*4+[[*JW1Q.I0 ME*C3T,5K#[K2B2S#+K;*\7N9&QTLCFMB8U7.GU-PA`HSB1+:>61/=J6*; M$R7)]3*E6$N,9PK$GB)R""1'HK;KRE4G7IWA=2^VES.DLMH:9!K*IGZY+,!W MQ_0L)T\V)JR)RI/-32LAI(U3_+'4/9)W0^W058F=22Q?]5RZ!=:X,D=_7M3= MUWE(VACE2G=9+L6 MYP5I.F0J"5B(WK91F8PGI4:M.6:5=S>4LRRVZWDK;2M+5_F57-]T*S_R$7T4 MJ#\$*CQE'V%W;#\G\47?E4XH7A3%-&%#NUEJB6QT/Q7FXUQ;B5UMEBXI"N,S M-]$[G5O M++36']-:76AE+:7VW3J]G=G;7?E_SBH<*4EQ3W7)2735U2ROJF3HY$9U+4(U ML,:HO^IJM5:J:%EFB6_RDY.Y<(8>;>#ZMM0DD[8]2D:LLM176VJ]WO;++."4 M)C/:6%`````.1B+TUE'X1?["P<:^'M$-\M7[74>M&UQ[$;>BWEY[7AL.[3,@ M@T9AP```X+G[&N'J%7^0,'T4GRJ+KC>2AU&(/J&N\#FUMQTO&':SQU[Q(C[0 M-X[W%NZN]-L:G7GGY2^.]W%];;5>R)#O(I\I4```(Q;->D\9^_%W_8U\%V/O$/HS[3"''M`=Y]C;P&E\H M49IS_P`E>.+^8=SJ\A3B_F%XAVW$ M/:JQM[Q(I[1H1J=X_P!W5\[:56OO-\;-6WLF3SS)N7R=3F1!2)?L```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`LYQO(0F7!\!'UMO2H6PCV'M``@'E7 M[2O2[Q4=\NZ!HX`)^````````(!;M]M'AM>/VW_0^W!`$_0!7IH5[L.(?_$+ MR5W"]=`!86`,-9AV'P=K]3'O[Z\IPO&=^6,R):])FM5.LES!5UG&X7 M&$AEU53N^.JCJ6%%67J`,,97XB>B>"LS,6O&8]M<"8US=(S&8AL MQI,,D1MEE%A\DN+MCA#LC5K;+8^?(JG6>M]CA>EN6TOMJ32^EUM:@=ZC.X>K MLRS[*=6XMG7'#[L)"DB]9)L4-TA2GRILM9TC"O?4?6U.1.L=XV@E+8>Z(4YI MJUL(<4QBHHFP\JMP&2,2YBQAG>%)FK)D.!+WF4,#=+XT?>MC[JYPN2NT M.DQ;2Y5*+3.J5LDK$K254IKC4QIA%U2C+[.2ZH$">-7]DQQ"?%9RK[0'C[KK M^M:7PJ'7&G%_,.YU>0?,_N_E7?[5?\XS(OYM>*I;Y-(_(X````/71KMOM_P9 MR']JXP,3OM3?J'"7A57TC#-]["OT_P"-/,^/RC3&?1AM-H$`````KFEG;$R= M[^57M#'Q)ZYMS-T[7MUZ8P592O3CE!\[YO)UVF.)JG](#'0K3!F MZ>DY]W2.(RYRWH-Q!X/#LF`^QZ)#&'(`````````````(\[<9G=M<]6-CL_L M#(W25]PI@_*.4V6//"I2A:7QV@<+>9,W-3HL1%FK$S!446#H;_`([P9A:M>]:Y:/J74T?"U4;W.JOZIJG-LM_9U*.X-A8K M."NR_*+!D+[T[EZCW=&B=3U>JM5DB_YE5+$1JV\&U4LX)3^-M,AF`````,.UGCKWB1'V@;QWN+=U=Z;8U.O M//RE\=[N+ZVVJ]D2'>13Y2H```1BV:])XS]^+O\`L:^"[.2CX>]?`8]DQ%\, MB/RB^]K8MF0$4P8-5$R$`````&IGQL_GVQOQ4L;=U;-0V[_P!.AO?,?>=T.P(2!N=5NQN[ M:[^=*50C8B(N@``!XC_2ZCU.?^2O'%_,.YU>0IQ?S"\0[;B'M58V]XD4]HT( MU.\?[NKYVTJM?>;XV:MO9,GGF37 M^\&'^W$P%_\`)_N*CVQJ=;IB4.2[T>1;;5>LT9C:S^79_M6_YZ"J7T`"`>5?M*] M+O%1WR[H&C@`GX````````@%NWVT>&UX_;?]#[<$`3]`%>FA7NPXA_\`$+R5 MW"]=`!86`-;;CEZ1Q2:91X>.U6/,+37(^Q"#B>:$QB439B(R#/U./,`Q282U M_E1K?&DJIWC.-(1ZZ$I%DA=4J%!:K-)357J+Z%$4M`@WQ5LG8MS;M1G71/O/ M<_84U/R+*<:S3B#;>85"$TH9,QY`QE#62(0MM?I"K2(9E(J+T",JU,LJ4!FO@T[@ MYYRZ]RG6B6ZMQK7_``GK_A"()H3%XEC?+,![VZ11_+.5FK8:F/-`EKQJ_LF.(3XK.5?:`\?==?UK2^%0Z MXTXOYAW.KR#YG]W\J[_:K_G&9%_-KQ5+?)I'Y'````!ZZ-=M]O\`@SD/[5Q@ M8G?:F_4.$O"JOI&&;[V%?I_QIYGQ^4:8SZ,-IM`@````%WNINQN\+>S9=P1KQ&]+HKKS--?= M:\OX8?9?*>)#',C($KIEI]BF3"I6QKHTR8\57J6OG1E$ON;5"2XUU,(+I?6P M#/RGB;[RX^V&?-A,NXSF#%PZB(O(,D7-I.%DQD9\]X+R-N%%US MO)]AL-8>E4*>+M9U\ODKPK9<$.:",KE;DM,PRDLI%%STOK>>ZO;0M-,NLOKT M!0%@P``````@IQ0?LW=]/%`V)[E$I'S5GR*?K$G2..<7PK.>3DH0#:O8IJ_X M8W?T,@:3E9\LFZ\_IE,I,'P3>(<\?,>T```*)./?VB]8_&<,[AF7QG)_3^[] MNO\`,ROUZF(S9TFX2GVQBUN8UL!ND$!`````#D8B]-91^$7^PL'&OA[1#?+5 M^UU'K1M<>Q&WHMY>>UX;#NTS((-&8<```."Y^QKAZA5_D#!]%)\JBZXWDH=1 MB#ZAKO`YM;<=+QAVL\=>\2(^T#>.]Q;NKO3;&IUYY^4OCO=Q?6VU7LB0[R*? M*5```",6S7I/&?OQ=_V-?!=G)1\/>O@,>R8B^&1'Y1?>UL6S(".`N@7G-^+[ MG]\T?<7QMT7<$Q&+^8%W,P<_)T[B3F3;Q6 MB'C[Q#Z,^TPAQ[0'>?8V\!I?*%&7)R0^D6[>?EV/*8,&JB9"`````#4SXV?S M[8WXJ6-NZMFH;=_Z=#>^8^\[H=@0D#(=MQ#VJL;>\2*>T:$:G>/\`=U?.VE5K[S?&S5M[ M)D\\R;E\G4YD04B7[```#&N4_8)@^$?%_=`CHJK"'UA4[5U^PYC%C[:?_P!: MN4OP&B\I4AD*OHU_RBF3\Z1-(_@\@```(/9Q[;R_W@P_VXF`O_D_W%1[8U.M MTQ*')=Z/(MMJO6:,QM9_+L_VK?\`/052[F5XA6CN97B'U:.!9]D)P^_%SB/Y M9P$IXO@6N@`L+`&'LY;`87UH@#A ME'/&2(QC&"MQQ*.Y[DJVI-[BZJZ7]81^.M*8M4]RJ4.MY=;$34V)E;BM,IS" M"#+_`,4>FIJ*>CII*RLDCAHXF*^221S6,8U--SWN5&M:G!A9C>7EQWY<,_S#.&)),/Y'(H M;ZOIJZE]?,COZ?$J+HI"U%9)5NT-!Z.C@T;6ODLL+S85R0UM71;&GN6.=PT:1G[Y_>KP]=A_U/U1\VH1C_,+R]_$8=^92_2BN?P< MPC[ZM[*WM8[Y_>KP]=A_U/U1\VH/S"\O?Q&'?F4OTH?@YA'WU;V5O:R(N_6P M>X4ETHVA8YIN;G&;11SPW+44@B+[%];D;+(VI4FL3K6AT4QC`4>D)*):G-NL MON1KDBBE*_B&VUZHNOD)SW\LV/,M.%,%WY#<27/>E_4=/,L5)(R1(Y)6HY6. M6HHV^G\VO%4ANFD?D<````'KHUVWV_P"#.0_M7&!B=]J;]0X2\*J^ MD89OO85^G_&GF?'Y1IC/HPVFT"`````5S2SMB9.]_*KVACXD]M<]L-VPO75R/7 M4L;:UR(EJZ;E5=!J6N73LL12'.=WCO!N#LBMZT>*+SHZ&LKXXHZ>.61$DE455[?<1#@^;G3^:O61=Q>*7&L/9>8H/&42 M?S%QKN$!FN;:JNDDG6SB#%^J,ZLRG%<%LVLTP2P"89+C$?M8,,228YJ$ M.#3U"EV8&Q.82CM?:(UQUIAC>EI8^WN"_&=)T2\H?B;D]\<4/1KRCG<$_*7" MTF6[N26/3[/VRF3LJQK`>8&R"8VS%BDN#QC#V"9_M,;L1E*.)):EAS*XSZ0J M(.3J']>L=4C5S$]G.I:>:94%#>-!><*5%WRLE@`I5-VWM=E\4[:NZYV3T[DM1S;;%:JJB.2U$56JJ+8ZRQ;%L53:T'VG8` M````$%.*#]F[OIXH&Q/FLH_"+_`&%@XU\/:(;Y:OVNH]:- MKCV(V]%O+SVO#8=VF9!!HS#@``!P7/V-,.UGCKWB1'V@;QWN+=U=Z;8U.O//RE\=[N+ZVVJ]D2'>13Y2H```1 MBV:])XS]^+O^QKX+LY*/A[U\!CV3$7PR(_*+[VMBV9`1P%T"\YOQ?<_OFC[B M^-NB[@F(Q?S`NYF#GY.G<2(? M1GVF$./:`[S[&W@-+Y0HRY.2'TBW;S\NQY3!@U43(0`````:F?&S^?;&_%2Q MMW5LU#;O_3H;WS'WG=#L"$@;G5;L;NVN_G2E4(V(B+H```>(_P!+J/4Y_P"2 MO'%_,.YU>0IQ?S"\0[;B'M58V]XD4]HT(U.\?[NKYVTJM?>;XV:MO9,GGF3< MODZG,B"D2_8```8URG[!,'PCXO[H$=%580^L*G:NOV',8L?;3_\`K5RE^`T7 ME*D,A5]&O^44R?G2)I'\'D```!![./;>7^\&'^W$P%_\G^XJ/;&IUNF)0Y+O M1Y%MM5ZS1F-K/Y=G^U;_`)Z"J7T`"`>5?M*]+O%1WR[H&C@`GX````````@%NWV MT>&UX_;?]#[<$`3]`%>FA7NPXA_\0O)7<+UT`%A8`TYB]9I7N'D2=[49AVLV M(7Y(_?;LM`(4WE%82=8;B""XWV#R=C".17#T>EV'9(7C]"?&(@D]:M4'UNI2W`+GV9X./+ORVW_D7K[JN>OP-<=5"R&*62](NJ]4I8*A7U3:. M\J:*=[7RN1BOBL8U&V-U2*Y9?Y)LFUU3X6I,30U%3#>E5&Y7.:D#M39(]EC% MD@D%NR7Y_>"ZWV(?XS MK^-2_11W@2CPM]D_ZGUJ\WT/6.C^Y>%NR7Y_>!]B'^,Z_C4OT4=X$H\+?9/^ MI]:O-]#UCH_N7A;LE^?W@?8A_C.OXU+]%(@<0+2P^#Z0[43"[9G/%I> M\71R0->`BF-[HB3%G>MSJ;'L)L3Z6A4UMY#*I%B8^E/Y)EM>J)$9HV7>/$&= M'D_N1,*8&2^%EBU4[4U<:37I+$KVZ:=4BD9;IM4HS*'A-]#@B M]*E;PK)&MHIE5KDIM2ZR-RV+J:=KK%5-&QR+9I*:S]_\N_\`VKO\]1O[20```]=&NV^W_!G(?VKC`Q.^U-^H<)>%5?2,,WWL*_3_C3S/C\ MHTQGT8;3:!`````*Z9.S2EUR=DHAN89*6T7311>IE#=%7F1D4K5D8+;T+2G; M$:D@]S+MMY;[E-UA)-+[:\TVM:V"3ETUUT4>$[JDJJFE6M2@:C8'U$4"_"S6 M/D=(YJI&O`1B*YUBI:SFC4H]H=GM4.;WE]RA9/L*QT$V4R?$3JA'5E3!#!2P MS7?0-BE6.21KYGJL;E1MFH2S1U6C9D"/MJ",)S26J%9$HX.2J!RY4ZN M9MOH&N"Z]HH8=S>7\0NG-)*IU"[+;>H*;O*JJ+VD1]97W9U-F@QC:NF;'&G" M8Q)+$]U5M<[3_;L^>4W;"ANX(/&%T?/Z3MH]=578 MED+XOY;^:0[CA[]NSYY3=L'<$'C"Z/G])VT\9SV8F(.4J(O/R$Z8DU0H/-@$ MMM*(3D%W&GG&75:>2TLHJRMUU?P4H.4=`V61L457=KI7N1K42LI[555L1$_U M--56Q#G%=;)I6PPUUTNF>Y&M:E?2*KG.6QJ(G5=%5541$X9A9XFKW+RJ6-MZ MJ-1=27;>7<2;0J2OB4ZVEQ9ARHBZZD?;U!5U*T+)NN67VU_&,*ZM@KNBN&@N M1]M4C*J]F+8MJ6P1.331&K\,]J_YG(D2+I-?H.+EW=AF[,.R:JM2.MOQCE14 M5+::!R+8J-:Y$[HD:NAJGHD**G[+)-!QLA?=.$J9#Q0)DE1IRDJ8G2K,-"R" M+*%EVIB, MV=)N$I]L8M;F-;`;I!`0`````Y&(O364?A%_L+!QKX>T0WRU?M=1ZT;7'L1M MZ+>7GM>&P[M,R"#1F'```#@N?L:X>H5?Y`P?12?*HNN-Y*'48@^H:[P.;6W' M2\8=K/'7O$B/M`WCO<6[J[TVQJ=>>?E+X[W<7UMM5[(D.\BGRE0```C%LUZ3 MQG[\7?\`8U\%V/O$/HS[3 M"''M`=Y]C;P&E\H49IS_`,E>.+^8 M=SJ\A3B_F%XAVW$/:JQM[Q(I[1H1J=X_W=7SMI5:^\WQLU;>R9//,FY?)U.9 M$%(E^P```QKE/V"8/A'Q?W0(Z*JPA]85.U=?L.8Q8^VG_P#6KE+\!HO*5(9" MKZ-?\HID_.D32/X/(```"#V<>V\O]X,/]N)@+_Y/]Q4>V-3K=,2AR7>CR+;: MKUFC,;6?R[/]JW_/052[F5XA6CN97B'U:.!9]D)P^_%SB/Y9P$IXO@6%Y"C#1((7CV$H&&7L<)PQE"+)7RY-C^U<<6C>EI::Y;UM6^^\BX MR\#.]G'6V;OOMLIIG@BE;[K;:5KM;D#DY;JTI3E__P`K>AU0!T/A^S!=D/5] MAG[FU(V)RG.6]I)@XL;>XGNZ!F72;:;,[TK:D+LI0-2ET1MQZVXDI28E37GV M64ON*+K=6RFJC[0*WUQ,<6Z?=]+Y.HS()D<]&UU=9?KTA-`0X+F@``!!3B>_ M9W;G>+]//Z#8)0YDF^_R:>>=V;(:4!E2]'U[^`3ZT\TPK_Y=_P#M7?YZC]'. M3FW<53%2FDA^1P/(```>NC7;?;_@SD/[5Q@8G?:F_4.$O"JOI&&;[V%?I_QI MYGQ^4:8SZ,-IM`@````&-8#Z8R+\)CW[0Q855B/X*[-JHM>J#\[3VV__`+*L MH7/T&PHC((IHQ0@``!U^6^Y*5^]>1>TRT=E85 MMLIA94>9C33+"BBF)K,---OM+**+L;D]UYAAE];;"[++:US[ MSG8Q%5ZU$B(B):JJKUL1$315?<)HWFQ\E\5,<:*Z1U5*B(B*JJJR.L1$3155 MX"(7T<$+(&P.FF?WO<2,84C,TBLBPI*\1,+3DV?ON*#9(1+YACZ5W2^-W-./ M,B.JAE;[8%T%AJM"D)7==](G,OL+YUUX<#7#7W/3RSUZ(R2?4V,_S-1MO-!G@GRK<@>:L*[+ECZ]C9KP,\$^5;D#S5@`^O8V:\#/!/E6Y`\U8`/KV- MFO`SP3Y5N0/-6`$8]UN,]L-D_3S:7'#WJ7A>/,T\U_RU#G5_;-F)R^N3*WR6 M$/3*K=F]D5:V,*9W6MQ*VIQ28Q:D+/OLI9<<72M;J?-6?(I[/B9.D4YQ?"LY M]O)0LE;*L?C.&=PS+XSD_I_=^W7^9E?KU,1FSI-PE/MC%K.O>)$?:!O'>XMW5WI MMC4Z\\_*7QWNXOK;:KV1(=Y%/E*@``!&+9KTGC/WXN_[&O@NSDH^'O7P&/9, M1?#(C\HOO:V+9D!'"RTTY2C1)4ZM:G;VIL1%'KG M)>?=U+"22[S+O\')RU%W*&@K+RJ$I:&-TDZ\!.`G#5=)$]U51"^MW797WO5- MHKMB?+4NX#4TDX;ETFM3@JJHAMG<%S:?:#AF8&RE"%&N&,)J;FG*Y.6:))IG M20P*4Q,DN!1"$$,CTU1G#>36>JP^R+==UI8X=(1T_1&64OLJ)!8QLUX&>"?*MR!YJP`?7L;->!G M@GRK<@>:L`'U[&S7@9X)\JW('FK`".N:.)EF3;[+>C^*I]KWC+%K&DVX13`N M2Q#.$JR,[&N#+KOL0C3M5[`]82QVC+1JRW54JVE";^?6ZR''M`U M5,SS&RIWE2)Q[QHRY.2'TC7;STNQY2R`:J)D(`````-3/C9_/MC?BI8V[JV: MAMW_`*=#>^8^\[H=@0D#.+^8= MSJ\A3B_F%XAVW$/:JQM[Q(I[1H1J=X_W=7SMI5:^\WQLU;>R9//,FY?)U.9$ M%(E^P```QKE/V"8/A'Q?W0(Z*JPA]85.U=?L.8Q8^VG_`/6KE+\!HO*5(9"K MZ-?\HID_.D32/X/(```"#V<>V\O]X,/]N)@+_P"3_<5'MC4ZW3$H5^R]2HF?Z2:#I':#&\5>"O[J6KQ$T2ZMPX7O?$L MRPW>RR!%L?*[0C9Q5X*\)K;57W$T3>*T3XGNS>F6GVO.K-VKV"YS?@[&C'`S M);?LK.V"]],;:'&&+;V38YN1K'%QT_U^ M;FYN2GKG!Q<-MYRA;V]"E+N.5+5RU5JT4E1HTQ5M;S#3+[;++:5K=6E*`"4V MA6;=K>(+L7C;-L83"W)\IESQL*[YTE&!GZZ3PB)RC$N M,7MKQC%6[#5]"7Y:580_FN9=S;8>E*N55`O0```5-['MRS/G$DP?J=D*79*C MF!"-,D(2$`8EXC>Q6Y-''2X_$/#WR(MRHQ;HEJ\6-F5LXZPQN` M3:57:M;5-"1OO/_G*`<+ZO7B3>!#*OC]U8^64`?LKA[\26PPN^ND,KY+;[+J\F M?=5^7DMNI6O)_P#-=B8YQSPVK+C4S3)B"CZ7$VTM467TMK=92V^["WG0>S?RQ9;&;XPY37%?%3#)%'4R5C9V)'2P0.21(J25B+JXG*FI>[]E45;%M1)/8"R MV8;PMA*CN"NIZU]53,[05TS5TG)IM31)-_HINGX`.9/CLT[\X M<6$_*+S@/'^$>RU_T$J_UC,(=ZWCV.'MX_13=/P`/8X>WC]%-T_`!S)\=FG?G#A^47G`>/\(]EK_H(]8S"'>MX] MCA[>1MW$URWWV$U6V`P;#]$,EMW9Y M5'O;$DE'&Q7JB6-U;VMMTW(4SC++EAG$6&*ZY*2GKFU-3321M5[(D:BO8 MYJ*JI,Y;$5=&Q%T#7\NX#'%WK==7O1&_JUK7YQ.NOX:\O_,@;7SLZ[)^YRJE M#>]BK[RG^D$+DN.K1.:CXZ\H_/U"_%W\$1N\HG77Y2!Q]:W)_P!XWOT%/](' M]#JO?1\=>4/J%^+OX(C=Y1.NORD!ZUN3_O&]^@I_I`_H=5[Z/CKRA]0OQ=_! M$;O*)UU^4@/6MR?]XWOT%/\`2!_0ZKWT?'7E'@9>`=Q=D,[32A3J2@HA(B#I M'ZDD;":ZG*KE:Y[:'(LVEE^34Y5$]A#==2M>?SN==3\7DY:B$F>=?%)G&7;< M='@ULE))=DT[Y5K$1J.25K4;J.HK-:J6:.J1ON&1+V<&<_@K,[RG8@QKE#HK MSO"[+VN%M%$R[VPOE;*VKBGU3TJ)J=J,U#%2UKW.U5B:FQ;4RC]2#Q7_``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`[EZE*4IR4I^"@J,JP_GU>O$F\"&5?'[JQ\LH`QREU,WN M6Y;?<&I]-9G?DJ-XYB>5WAEKFK66Q(G@TVDTSB$<="WB[,%&Y0I6/^/W4J]- M9?4\FTBV^^VEII=:@9&^KUXDW@0RKX_=6/EE`#ZO7B3>!#*OC]U8^64`8\R[ MPQ^)O/\`%628*T:4/R5UF,(DD:;5+CG_`%>+0$+GAK4(4QRV]-E]2HL2EFG4 MK?6PN^ZEM*\EM:]0>J=BRT\D3>:?&YJ<5S51.2RU_T$ M>L9A#O6\>QP]O'Z*;I^`#F3X[-._.'#\HO.`\?X1[+7_`$$>L9A#O6\>QP]O M*V.)GH=Q'-S\;X>AV,]'Y@P.6/LPW9!>%$VSSJJA1*F>['$[A_6K=>R9J?3S M''URE"J:JU4L:I:++)E-N7*)AJ*YKHAJ8JEE6R55E: MQK=2UDC53]B21;;7I9H(F@NB5'_4+\7?P1&[RB==?E(&P-ZUN3_O&]^@I_I! M&7^AU7OH^.O*'U"_%W\$1N\HG77Y2`]:W)_WC>_04_T@?T.J]]'QUY0^H7XN M_@B-WE$ZZ_*0'K6Y/^\;WZ"G^D#^AU7OH^.O*'U"_%W\$1N\HG77Y2`]:W)_ MWC>_04_T@?T.J]]'QUY1RH'P&.+A&39D:XZDI+ZR*5U?4=J/8+7,[HDGZ-QQ MFH6HN.RBEYJCKEH,NY+:76\RZWJ\O+2F+G.HP?>&7+*[58_PO)#371-2T\36 M52N;*CHF:ERJD3966*NE8]5LT[#-7[/'VA&27-&R&U>3'*!=.(*^^ZC$557M MDH(Z1\*0SP4D36JM15T[TD1T#U*_X(M?C[UL^5H1R] M6_&/?EV]%-VDGA^=9FV_=W&G8+N_N0^I!XK_`((M?C[UL^5H/5OQCWY=O13= MI'YUF;;]W<:=@N[^Y#ZD'BO^"+7X^];/E:#U;\8]^7;T4W:1^=9FV_=W&G8+ MN_N1QEG`\XL*A(J(LU&Y+CTYY-M;L^:VTMI<85=92MU:99NK2E*W=7J5'M@S M(==AW`GXM<>B$4CZS44@U8Q1IB9E9J;8/7&Y.8I;&M*B/,3W&90 M*,N(O-(K6RMUMMU;:TY:4KU!V=^9ON*KSONLO*"LH$@J*J65J.675(V21SD1 M;(U2U$71L54MX*FECB3-FK[L;3U=;/,Q'+-JD;+*Y[4=9$J:I$ M"#3R@M;?E3'5^KAB_OV[N/-VHZ7U2L>>,+JZ*?M(^H M_P"+%X(-/*"UM^5,/5PQ?W[=W'F[4/5*QYXPNKHI^TCZC_BQ>"#3R@M;?E3# MU<,7]^W=QYNU#U2L>>,+JZ*?M)AO,?W?SB_Y#3PY.Q:GL[>8QR10XK5#QL%K MW>26B6LRYH,.(3HBLGCE70D8QJ(J,5$6U;%5%U*H3(UWX'VZFNJ>UR9=&9?+,C*DE4SODV2 M9UU/N?C"S:4ZY;HVB*S*8BAS!?=3DZV1_P`Z=;2G7)ZBZG.$@;MNJ@NBG[FN M^-&1\%=-SEX;G::K_@G`1"4=T7)=EQ4J4=UQ)'%P5TW/7AO!#*OC]U8^64`8UQIJCO7EY--%<"TVF;J1 MC[)4WQ'*KE.:M9FNJ">8[=KF26-1-J[+Y-RY,@<;:V6*BN<0?3\8NZMO5`&2 MOJ]>)-X$,J^/W5CY90`^KUXDW@0RKX_=6/EE`"/\/3B3-68]>RU_T$E!ZQF$.];Q['#V\?HINGX`.9/CLT[\XRU_T$>L9A#O6\>QP]O*0 MN(?PJ>*#MMLFT9CQYI<[,<;083B6-CD$PV`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`,5W95RSU%70*R2CJ84U+I57534\D356V)-!'/17:-MEMB*N@0S]H'[2#(YG M99I&+L@6`[HQ'0XJO^GIXX)ZZ*C92QK%5P3N65T%9/*B*R)R)J(G+JE2VQ+5 M.T5X'_%B\$&GE!:V_*F.I]7#%_?MW<>;M1JJ>J5CSQA=713]I/Y]1_Q8O!!I MY06MORIAZN&+^_;NX\W:CSZI6//&%U=%/VD?4?\`%B\$&GE!:V_*F'JX8O[] MN[CS=J'JE8\\875T4_:1]1_Q8O!!IY06MORIAZN&+^_;NX\W:AZI6//&%U=% M/VDP/*?N['%JG>6$K^[ZR4CL'41QD:7M8S9UUJ=9E95H7OBHU.Q-SCE),PE' M+K'6RVQ4J.-L3+`>2>:X;F9=N(9XY595RRZF'5:ER2,B:B*Y MR-]&N2Q M8EU2-;HHJ6.31++,1<(O=S!<9_17&?#\D3&B/N+/>',W8#5IPDDG7EV"93^KUXDW@0RKX_=6/EE'M/>=>EVC_$+@ ML4D\WDVE6')&2/-JEW=5)2-/F.]0J,(0(S+K2RZ5OO MK3DMI6M:`"R[AW<)*+Y!BV+]J=SC6#)ETK8(?E+$&M#5<:YX6@#>_MB&3Q60 M96N<$:2_.64$B1:0;T:U.5%6152M$:%6H**=+@-CJVVVRVVVVVEMMM*6VVVT MI2VVVE.2EMM*;M2-=6G.2W9!OQ@TILQKW)R?CI3:YR*]"5*GJ'M./7 MN<((::\7P9KR$^0%C2,:Z0IFTE[6-!%J,Y5>GY2Z@9&GN*(1DMWQ:^2]L/<' M+#61B\K0`XEQ7H+6J;%0F;8\LBY4AD3-$&`V1/3:REODLD:JB&/Q MAGO5L,4(E$WD-3Z,$-CIK\O0%O3(U+&U,B6.,8D%C)XG=WFKDOO2GP>$R>:3".ME MC12 MY+>\,1S->)7_`##&2E!TCQ2RY&A[IDA@*1T)JL,>80A>#Y*V6H[5)53JG)K. MBH;96[DI?;R@#`\KR0_X.",A)<2'Y`A).5ET6-G*+&1L MK8B\A+(2G<;F<^8)87>OI)%$6)=K:I;W"Q-5):II4NIE+_Q0!Y2LB8_/GBO% M9$YAQV3T$733=?C@J3,ID\10M8Y7LR27JXA8MK(4T75/!5R0MPO3VI+U-M2K M3*WTK:`.X@#TSS(X]'";5$A?F9A3WE.!]A[RZ(6LF\AI;53PZG6FKCR++BFQ MH0GJE%U*\A*8F\V_DLLNNH!Y&)]9)0R,TFC+RU2*-R)J;WV/R!B<$CNR/K([ MI"7!I>69V;SE"!S:G-`H+/3J"#+R3B;[;[+KK;J5J![4``````````````&, M\8XB@F'TTV20-K4-1&0LF3C+LJM4.3@YU7SO(KM<]RMT*N<%"FY$G7N-W/L3 M$\Q.13\4NRVG4`&3`````````````'C..)3DFJ%!I9!!!=YQYYU]I1)))5M; MS#33+ZVV%EEV6UK==6M*4I3EJ`,/0#8S7S+#3+7_`!;G7#F26*`VF7SIZ@63 M87+VF%V%)E2TPR5N,?>W!)'2[$:$XZMRN\FWHB;[^7FVW5H![O%^9L09O8E4 MIPOE7&^78RAUJG:+.;J@(<"DZDLRXFXRAE"S++ MN3FW6UJ![2)Y+QQ/G*8L\%R!"9H[X[D1T0R`U1.5L4C(%,:P^3,LFI$ MYU'NM_7^%R;UE6K?6&6,?7977C=3E`[B`.I/\_@D4,M*E$U MB4;-O=HJPV%O\D9FA<90G M*E*XY%'HLT(V-E2&K5AIRQ88F;4)=EQIM]YAE;>===6ZM:@#M0`````````` M````````````````I:XK6`X.^9)X?&P![%)9%DV)<172&'1Q6=(ID[QN#1=; MEAP5RAWC\!L=3H/'GQ]3JJ)W5_M;K'(]O))3&JJ)R[2Z`08WJSSHAE#+^V>@ M['(\`ZWH,L3N*+^(/MAF1185.GQ]*C6XO1=Z4D"9O&DUYCVU<1X?&OSS<[VQO)>\!4?LE+02J7NL(4NSGM^_(2KR4E5F.TCW"(=&6%ZMNZQJC=G MFI9]M+ZUH!FM@VPRVEQAKG,,%;I;"Y_V>R3@7.TDWWPK,FUM6H]?5,=T^RW/ MW^78DVE8HY&8ZQUHDM>BW*Y`8G=#:47E`1NXB;;L8ETQU`OE M6R^VN3VK;;2M)GG:-KDCLA5LS;.,.2;2?*">91QDC,!04Q0@CJ6>20U>VH+2 M$:E$DL.5E'*$5RBH&;V%'DS%V`^))N;KULAL$0[P#BD1)?B=@CSZV/>(\KP2 M5+M+8A)I1-HQ?$EIF8BS]!LQ;9YGG9K@[S!@@D'6SY5(5[>]I$L9FB94G-L!B[AL M+GF(7\)G'ETJ@&;-@(K*9G&-E=4'O6F,1'*^C[[9A3**;->P[GE!*UDYAAN0 MS/D):8@RKTX&8!D2V1HF\FARB][CK9=:7SJV5`$ M(IY+L]Q;;!;O9%ZY+QE*=W-9VG(&6,HL,"426?:X:"RSB`ZTXTBC]'8HOC=LBW#C-'GQQHKM>ZPIS6DU MHH)HKL1$`1FW!;YI$MZS<<97S_L9)L+:W96S=",-R_)51Q9E&,I6./'I9#(OT@Q4=[8WF6+W(LZY M,GK0XVP`4,9T4E9):L_LF$9/"-[L(MVL&J$ESGFO#.M4,Q]*,8X=Q_N]A&59 M1TY+KA.,LK9.H!,]<4"R3`+B]4)1C;,/$UV2S M;JPX1J2:V'Z7ZUXWR#D''"(DK&$WV'8,HYOD+&UM;XVID\?E\UQUAR0HR'H-;$;JVH5-]EY=A!0%1V.9UE+1#-NZ.T^(L;RF5N.YN\F_.GBJ*-\<=7!` M\[>M&6%TBX?,YD"%,DN,20N0JI-+(H^O=_,1$(CFLPTWF$T`'6]6(V;IYG[- M.I.2]B,L:MZ3$[0;!.\[V9C;C7&;AFS;9BUHX>IKR34=%AM$=Z(\"8&K4WVLVTS[AG#.1=FMHX]@-5@W?R6P?(\.(: ML.9#V+QEB+Y!BB5K%!2EJ3,-TJ1$$.9A'6RPTHT" MG/'BO)^:7:9O&8446 M!:.`````````````````````````````````````````````````#QV=%SS> M9T?2?SN93F=+R?C<[H^3DY?P?X@!Y``IR;U.?TG+SOP\O+R]4`+.CYO\`-\SF\Z_EYG)S>?S[ND_D]3G=)R\[\/.Y M>7J@#]@#QF]%T=W3]'T7)3G]+S>CY.6G)SN?^+R
-----END PRIVACY-ENHANCED MESSAGE-----