0001144204-11-027249.txt : 20110509 0001144204-11-027249.hdr.sgml : 20110509 20110509172612 ACCESSION NUMBER: 0001144204-11-027249 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110504 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110509 DATE AS OF CHANGE: 20110509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE BANCORP CENTRAL INDEX KEY: 0000865911 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 931034484 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23322 FILM NUMBER: 11824623 BUSINESS ADDRESS: STREET 1: 1100 N W WALL ST STREET 2: P O BOX 369 CITY: BEND STATE: OR ZIP: 97709 BUSINESS PHONE: 5413856205 MAIL ADDRESS: STREET 1: 1100 NW WALL STREET STREET 2: P.O. BOX CITY: BEND STATE: OR ZIP: 97709 8-K 1 v221629_8k.htm Unassociated Document


UNITED STATES
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): May 4, 2011


CASCADE BANCORP
(Exact name of Registrant as specified in its charter)


  
Oregon
0-23322
93-1034484
(State or other jurisdiction of
(Commission File Number)
(IRS Employer Identification No.)
incorporation)
    


1100 NW Wall Street
Bend, Oregon 97701
(Address of principal executive offices)
(Zip Code)

(541) 385-6205
(Registrant’s telephone number, including area code)



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

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
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
  
  
On May 4, 2011, Cascade Bancorp (the “Company”) issued a press release announcing its filing of the Company’s Quarterly Report on Form 10-Q and financial results for the first quarter ended March 31, 2011.  A copy of the press release is included with this Form 8-K as Exhibit 99.1.
 
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
     
(a) 
  
Financial Statements of Business Acquired
     
   
Not applicable.
     
(b)
  
Prof Forma Financial Information
     
   
Not applicable.
     
(c)
  
Shell Company Transactions
     
   
Not applicable.
     
(d)
  
Exhibits
     
   
Exhibit 99.1 Press Release dated May 4, 2011.
 

 
 
 
 
 

 
 
SIGNATURE
 
 
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.
 
 

 
   
CASCADE BANCORP
   
    
 
 
 
By:
/s/ Gregory D. Newton                   
   
Gregory D. Newton
   
EVP/Chief Financial Officer
     
     
Date:   May 9, 2011                  
    


EX-99.1 2 v221629_ex99-1.htm Unassociated Document
 
 

May 4, 2011



NEWS RELEASE

FOR IMMEDIATE RELEASE

CONTACT:
Gregory D. Newton, EVP, Chief Financial Officer, Cascade Bancorp
 
(541) 617-3526
 
Patricia L. Moss, President & Chief Executive Officer, Cascade Bancorp
 
(541) 385-6205

CASCADE BANCORP (OREGON) ANNOUNCES FIRST QUARTER NET INCOME OF $31.0 MILLION AND $0.93 PER SHARE WITH THE FILING OF FORM 10-Q QUARTERLY REPORT

Financial Highlights and Summary of the First Quarter of 2011

·  
Capital Raise Completed:  On January 28, 2011, new capital investment proceeds were received in the net  amount of $167.9 million; resulting in capital levels in excess of “well-capitalized” designation.
·  
Extinguishment of Trust Preferred Debentures (“Debentures”): On January 28, 2011, Debentures totaling $68.6 million were extinguished, resulting in an extraordinary after-tax gain of $32.8 million.
·  
First Quarter Net Income Per Share: $0.93 per share or $31.0 million including a $32.8 million after-tax extraordinary gain on extinguishment of $68.6 million in Debentures. Excluding this gain, the net loss was approximately ($0.06) per share or ($1.8) million, as compared to net income of $0.50 per share or $1.4 million for the linked-quarter and a net loss of ($4.02) per share or ($11.3) million for the year-ago quarter.
·  
Core Customer Deposits: Checking, Savings, and MMA balances are up $23.1 million on a linked-quarter basis.
·  
Net Interest Margin (NIM) / Liquidity: The NIM improved to 3.72% compared to 3.44% for the linked-quarter owing to a strategic reduction of non-core excess liquidity.  Primary liquidity ratio after such actions still remains a strong 19.3%.
·  
Loans:  Loan balances declined $50.1 million or 4.1% from year-end mainly due to loan payoffs.
·  
Credit Quality: Non-performing assets (NPA’s) totaled $105.4 million at March 31, 2011 improving from   $120.5 million at year-end 2010.
·  
Credit Quality: Net charge-offs were $9.7 million compared to $9.9 million for the linked-quarter and $12.0 million for the year-ago period.
·  
Credit Quality: Delinquent Loans: Loans > 30 days delinquent were at 0.55% of total loans compared to 1.93% for linked-quarter
 
 
 
 
 

 
BEND, OR – May 4, 2011– Cascade Bancorp (NASDAQ: CACB) (“Cascade” or the “Company”) today announced net income of $0.93 per share or $31.0 million in the first quarter of 2011, including a $32.8 million after-tax extraordinary gain on extinguishment of $68.6 million in Debentures. Excluding this gain, the net loss was approximately ($0.06) per share or ($1.8) million compared to net income of $0.50 per share or $1.4 million for the linked-quarter and a net loss of ($4.02) per share or ($11.3) million for the year-ago quarter. The Company’s successful Capital Raise and gain on the Debentures increased total stockholders’ equity resulting in regulatory capital ratios significantly in excess of “well-capitalized” benchmarks.

Patricia L. Moss, Chief Executive Officer commented, “We are very pleased with our progress and the  closing of the Capital Raise during the first quarter.  Our financial strength is reflected in a strong capital base with a sustainable relationship based deposit franchise. As we prepare our Bank for a bright future, we remain focused on providing quality loans in our markets and serving our customers and communities with exceptional banking.”


Balance Sheet:
 
The Company’s successful Capital Raise and gain on the Debentures resulted in total stockholders’ equity of $209.5 million at March 31, 2011.  The ratio of tangible common equity to total assets was 12.9% at that date.  Gross capital proceeds were $177.0 million ($167.9 million net of costs and underwriting fees) upon the sale of 44,193,750 shares of common stock to private investors at a price of $4.00 per share.
 
As of March 31, 2010, Bank  of the Cascades regulatory capital ratios significantly exceed the regulatory benchmarks for a “well-capitalized” bank at 13.54%, 17.66% and 18.93% for Tier 1 capital leverage ratio, Tier 1 risk-based capital ratio and total risk-based capital ratio, respectively, at March 31, 2011.  These ratios compare to regulatory “well-capitalized” minimums of 5%, 6%, and 10%, respectively.
 
Local core customer deposits (Checking, Savings, and MMA) have stabilized since the announced Capital Raise, and are up approximately $23.1 million between year-end and March 31, 2011.  Total deposits at March 31, 2011, were $1.18 billion, down $201.7 million or 14.6% compared to the linked-quarter mainly due to the planned call and scheduled maturities of approximately $210 million in internet sourced time deposits during the quarter.
 
At March 31, 2011, the Bank’s loan portfolio was approximately $1.17 billion, down $50.1 million and $292.0 million when compared to the linked-quarter and the year-ago period, respectively. Loans have declined primarily due to customers’ continued payoff and pay-down of borrowings in response to slow economic conditions.  Net loan charge-offs of approximately $9.7 million were also a factor in reduced loan balances outstanding. Approximately $3.5 million of current quarter charge-offs relate to a single credit previously reserved (discussed below).
 
 
 
 
 

 
Net interest income:

Net interest income was $14.3 million for the current quarter, comparable to the linked-quarter as lower interest income was offset by an improvement in overall funding costs.  Reduced funding costs resulted from the strategic reduction of non-core excess liquidity, including extinguishment of $68.6 million in Debentures; the call and maturity of $210 million internet sourced wholesale time deposits; and payoff of $50 million in FHLB advances.  These actions contributed to an improvement in the NIM to 3.72% for the first quarter of 2011 compared to 3.44% for the linked-quarter and 3.50% for the year-ago period.  The Company’s primary liquidity ratio remains at a strong 19.3% with $209.2 million held in cash and cash equivalents at March 31, 2011, compared to $271.3 million at December 31, 2010.

Loan Loss Provision / Loan Loss Reserve:

At March 31, 2011, the reserve for credit losses (reserve for loan losses and reserve for unfunded commitments) was approximately $43.4 million or 3.70% of outstanding loans compared to the linked-quarter  3.89% and 4.16% a year earlier. The decline in first quarter 2011 reserve was primarily the result of charge-off of a single credit that previously carried a special reserve of a similar amount.  The loan loss provision was $5.5 million in the first quarter of 2011 compared to $5.0 million in linked-quarter and $13.5 million a year earlier.

Non-Interest Income:

Non-interest income was $2.7 million as compared to the linked-quarter $3.4 million and year-ago level of $3.3 million. This trend is a function of slowing economic activity affecting service charge revenue, net mortgage revenue and card issuer and merchant services fees.
  
Non-Interest Expense:
 
Non-interest expenses for the first quarter of 2011 were $15.6 million as compared $21.2 million for the linked-quarter and $17.1 million in the comparable period of 2010.  The year-over-year declines are largely attributable to lower FDIC deposit insurance and salary and benefit costs somewhat offset by higher OREO expenses.  FDIC deposit insurance expense in the first quarter of 2011 was $1.1 compared to linked-quarter of $1.7 million mainly because the Company returned to “well-capitalized” category, resulting in a lower insurance assessment rate on deposits. OREO expenses for the first quarter of 2011 were $1.6 million compared to a linked-quarter of $0.5 million due to an increase in valuation allowances during the quarter.
 
 
 
 
 
Income Taxes:
   
During the three months ended March 31, 2011, the Company recorded an income tax provision of approximately $19.7 million.  Included in this amount was an income tax provision of approximately $22.1 million related to the extraordinary gain on the extinguishment of the Debentures, which was calculated based on the Company’s estimated statutory income tax rates. The income tax provision of $19.7 million also includes a credit for income taxes of approximately $2.4 million related to the Company’s loss from operations excluding the extraordinary gain.  This credit for income taxes was calculated based on management’s current projections of estimated full-year pre-tax results of operations, estimated utilization of deferred tax assets on which a full valuation allowance was previously recorded, and other permanent book/tax differences.  Accordingly, this calculation  and  estimated income tax amounts are subject to adjustment as additional facts become available and management’s estimates are revised.

As of March 31, 2011, the Company maintained a full valuation allowance against the deferred tax asset balance of $35.3 million. There was a $10 million decrease in the valuation allowance from year-end 2010 due to the estimated utilization of certain deferred tax assets during the three months ended March 31, 2011. See also “Critical Accounting Policies – Deferred Income Taxes” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010.

About Cascade Bancorp and Bank of the Cascades
  
Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets.  Founded in 1977, Bank of the Cascades offers full-service community banking through 32 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value driven customers. For further information, please visit our web site at http://www.botc.com.
 
 
 
 
 

FORWARD LOOKING STATEMENTS
This release contains forward-looking statements about Cascade Bancorp’s plans and anticipated results of operations and financial condition. These statements include, but are not limited to, our plans, objectives, expectations and intentions and are not statements of historical fact.  When used in this report, the word "expects," "believes," "anticipates,” “could,” “may,” “will,” “should,” “plan,” “predicts,” “projections,” “continue” and other similar expressions constitute forward-looking statements, as do any other statements that expressly or implicitly predict future events, results or performance, and such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Certain risks and uncertainties and the Company’s success in managing such risks and uncertainties could cause actual results to differ materially from those projected, including among others, the risk factors described in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2010, as well as the following factors: we continue to operate under the regulatory order with the Federal Deposit Insurance Corporation (“FDIC”) and the Oregon Division of Finance and Corporate Securities (“DFCS”), and the written agreement entered into with the Federal Reserve Bank and DFCS, which restricts our ability to take certain actions; local and national economic conditions could be less favorable than expected or could have a more direct and pronounced effect on us than expected and adversely affect our results of operations and financial condition; the local housing/real estate market could continue to decline for a longer period than we anticipate; the risks presented by a continued economic recession, which could continue to adversely affect credit quality, collateral values, including real estate collateral and OREO properties, investment values, liquidity and loan originations, reserves for loan losses and charge offs of loans and loan portfolio delinquency rates and may be exacerbated by our concentration of operations in the States of Oregon and Idaho generally, and the Oregon communities of Central Oregon, Northwest Oregon, Southern Oregon and the greater Boise area, specifically; interest rate changes could significantly reduce net interest income and negatively affect funding sources; competition among financial institutions could increase significantly; competition or changes in interest rates could negatively affect net interest margin, as could other factors listed from time to time in the Company’s SEC reports; the reputation of the financial services industry could further deteriorate, which could adversely affect our ability to access markets for funding and to acquire and retain customers; and existing regulatory requirements, changes in regulatory requirements and legislation and our inability to meet those requirements, including capital requirements and increases in our deposit insurance premium, could adversely affect the businesses in which we are engaged, our results of operations and financial condition.
 
These forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to publish revised forward-looking statements to reflect the occurrence of unanticipated events or circumstances after the date hereof.  Readers should carefully review all disclosures filed by the Company from time to time with the SEC.

#     #     #
 
 
 
 
 
CASCADE BANCORP
  
Selected Consolidated Financial Highlights
(In thousands, except per share data and ratios; unaudited)
 
 
   
Year over Year Quarter
    
Linked Quarter
  
   
1st Qtr
    
1st Qtr
    
%
    
4th Qtr
    
%
  
Balance Sheet Data (at period end)
  
2011
    
2010
    
Change
    
2010
    
Change
  
Investment securities
   $ 128,408     $ 144,194       -10.9 %   $ 116,816       9.9 %
Loans, gross
     1,173,580       1,465,629       -19.9 %     1,223,713       -4.1 %
Total assets
     1,600,883       2,077,977       -23.0 %     1,716,458       -6.7 %
Total deposits
     1,175,184       1,733,101       -32.2 %     1,376,899       -14.6 %
   Non-interest bearing deposits
     374,153       258,710       44.6 %     310,164       20.6 %
Total common shareholders' equity (book)
     209,543       12,604       1562.5 %     10,056       1983.8 %
Tangible common shareholders' equity (tangible) (1)
     205,000       6,585       3013.1 %     5,144       3885.2 %
Income Statement Data
                                        
Interest income
   $ 18,304     $ 22,865       -19.9 %   $ 19,373       -5.5 %
Interest expense
     3,970       6,755       -41.2 %     5,146       -22.9 %
Net interest income
     14,334       16,110       -11.0 %     14,227       0.8 %
Loan loss provision
     5,500       13,500       -59.3 %     5,000       10.0 %
Net interest income after loan loss provision
     8,834       2,610       238.5 %     9,227       -4.3 %
Noninterest income
     2,668       3,250       -17.9 %     3,430       -22.2 %
Noninterest expense
     15,643       17,136       -8.7 %     21,226       -26.3 %
Loss before income taxes
     (4,141 )     (11,276 )     -63.3 %     (8,569 )     -51.7 %
Credit for income taxes for operations
     (2,346 )     -       100.0 %     (9,963 )     -76.5 %
Net income (loss) before extraordinary net gain
     (1,795 )     (11,276 )     -84.1 %     1,394       -228.8 %
Extraordinary gain on extinguishment of junior subordinated
                                        
debentures, net of income taxes
     32,839       -       100.0 %     -       100.0 %
Net income (loss)
   $ 31,044     $ (11,276 )     275.3 %   $ 1,394       2127.0 %
Share Data (3)
                                        
Basic earnings (loss) per common share (incl. extraordinary net gain)
   $ 0.93     $ (4.02 )     -123.2 %   $ 0.50       86.7 %
Diluted earnings (loss) per common share (incl. extraordinary net gain)
   $ 0.93     $ (4.02 )     -123.2 %   $ 0.50       86.4 %
Book value per common share
   $ 4.45     $ 4.42       0.7 %   $ 3.52       26.5 %
Tangible book value per common share
   $ 4.36     $ 2.31       88.6 %   $ 1.80       142.0 %
Basic average shares outstanding
     33,258       2,804       1086.1 %     2,805       1085.7 %
Fully diluted average shares outstanding
     33,301       2,804       1087.6 %     2,805       1087.2 %
Key Ratios
                                        
Return on average total shareholders' equity (book)
     82.16 %     -101.77 %     -180.7 %     54.87 %     49.7 %
Return on average total shareholders' equity (tangible)
     84.79 %     -117.51 %     -172.2 %     111.55 %     -24.0 %
Return on average total assets
     7.51 %     -2.23 %     -436.8 %     0.31 %     2322.6 %
Net interest spread
     2.94 %     3.67 %     -19.9 %     2.94 %     0.0 %
Net interest margin
     3.72 %     3.50 %     6.3 %     3.44 %     8.1 %
Total revenue (net int inc + non int inc)
   $ 17,002     $ 19,360       -12.2 %   $ 17,657       -3.7 %
Efficiency ratio (2)
     92.01 %     88.51 %     3.9 %     120.21 %     -23.5 %
Credit Quality Ratios
                                        
Reserve for credit losses
     43,395       61,039       -28.9 %     47,609       -8.9 %
Reserve to ending total loans
     3.70 %     4.16 %     -11.1 %     3.89 %     -4.9 %
Non-performing assets (NPAs) (4)
     105,453       160,710       -34.4 %     120,540       -12.5 %
Non-performing assets to total assets
     6.59 %     7.73 %     -14.8 %     7.02 %     -6.2 %
Delinquent >30 days to total loans (excl. NPAs)
     0.55 %     0.58 %     -4.8 %     1.93 %     -71.4 %
Net Charge off's (NCOs)
     9,713       11,988       -19.0 %     9,865       -1.5 %
Net loan charge-offs (annualized)
     3.23 %     3.17 %     2.0 %     3.15 %     2.7 %
Provision for loan losses to NCOs
     56.63 %     112.61 %     -49.7 %     50.68 %     11.7 %
Bank Capital Ratios (5)
                                        
Tier 1 capital leverage ratio
     13.54 %     3.57 %     279.3 %     4.40 %     207.7 %
Tier 1 risk-based capital ratio
     17.66 %     4.65 %     279.8 %     5.76 %     206.6 %
Total risk-based capital ratio
     18.93 %     5.90 %     220.8 %     7.01 %     170.0 %
Bancorp Capital Ratios (5)
                                        
Tier 1 capital leverage ratio
     12.24 %     0.60 %     1940.0 %     0.49 %     2398.0 %
Tier 1 risk-based capital ratio
     16.12 %     0.78 %     1966.7 %     0.64 %     2418.8 %
Total risk-based capital ratio
     17.40 %     1.57 %     1008.3 %     1.29 %     1248.8 %

 
(1)
 Excludes core deposit intangible and other identifiable intangible assets, related to the acquisition of F&M Holding Company.
(2)
 Efficiency ratio is noninterest expense (adj for one-time adjs) divided by (net interest income + noninterest income).
(3)
 Adjusted to reflect a 1:10 reverse stock split in November 2010.
          
(4)
 Nonperforming assets consist of loans contractually past due 90 days or more, nonaccrual loans and other real estate owned.
(5)
 Computed in accordance with FRB and FDIC guidelines.
          
GRAPHIC 3 logo.jpg GRAPHIC begin 644 logo.jpg M_]C_X``02D9)1@`!`@$`2`!(``#_X0QI17AI9@``34T`*@````@`!P$2``,` M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q M``(````;````<@$R``(````4````C8=I``0````!````I````-````!(```` M`0```$@````!061O8F4@4&AO=&]S:&]P($-3(%=I;F1O=W,`,C`Q,3HP-3HP M.2`Q-SHQ-CHP-0```````Z`!``,````!__\``*`"``0````!````R*`#``0` M```!````+P`````````&`0,``P````$`!@```1H`!0````$```$>`1L`!0`` M``$```$F`2@``P````$``@```@$`!`````$```$N`@(`!`````$```LS```` M`````$@````!````2`````'_V/_@`!!*1DE&``$"`0!(`$@``/_M``Q!9&]B M95]#30`#_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\, M#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`)@"@`P$B``(1`0,1`?_=``0` M"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$` M`````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$% M05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D M1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F M]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B M$P4R@9$4H;%"(\%2T?`S)&+A7U5F9VAI:FML;6YO8G-T=7 M9W>'EZ>WQ__:``P#`0`"$0,1`#\`]2IIJHJ932QM5530RNM@#6M:T;6,8QOM M:QK5-)4>I]3KP:X$/R'C]'7_`-_?_(24KJ?4Z\&N!#\AX_1U_P#?W_R%BX?5 MLO&O]6XNNJO.Y[3W_-]2B?;[/H[&^Q$Z=TZWJ5QR\HDTDRYQT-A'YC?W:6_^ MHV*7UCZCBLKUIMK@EXT%(CAO_``CF_F?N)*9]:^L+&5>C@/!L>V7W=JVG MPG_#?^>E6Z+UNS$L&%G%WI`[6OLG?63^9=O]WI?RG?S?_%?S9N@]",LSLUL$ M>ZBEW(_X6UO[_P#HV?F?\9_-Y/UBZC1U+/93@5^H0?2]9GTKG3_-5_O4L_TG M_HGZ:4EZ_P!>NZA=]BZ>7_9VG5U4[[7,]_Z+T_?Z->W?_+_XI:GU<^L0SVMQ M,MP^V`36\:-M:!.YL?X5K?YQG_7*_P#@Y=(Z5B="P[,_J%C&7!A=?>X@,J8/ M<:V./YG^D?\`X5/OG^<-X987-+0 MX.W>G=5_I*;/3?L>DIUDEC=>^MG2.@V4T9;K+B]'S M1TZSULS/V[WXN'6;K&-/N#K0W:UGM]^W=OV*QT'ZU=$Z_P"HSI]Q^T4_SV+: MTUW,UVRZI_YO\MB2G7261UCZT](Z-FX>#G6.;?GN#:MK=P;+FU-LO=_@JW6/ MV[U=ZEU#'Z9@9'4,G=Z&*PV6;!N=M;SM:DIM)+DQ_C-^K`VF[[514X@>M;CV M!@G@N>`Y;G4^N=/Z;TAW6;GFW!:UCQ92/4W-M';]Q;)W3NWZ_G;E9NJKOJ?3:-U= M@+7MXD'ENB2GD_K%]8'9CCTWIY+J7'T[+&:NM^K[>G,^T9(#LUX@QJVMI_P5?_`*,L5_&Z/TO$M%V-BU56-!#7M:`0#I[5 M<24\G_C-KM?]5GN#768U6119G,9R<=KP;?\`-=Z;_P#P1:XZU]6G]'.3]JQ3 MTHU;3+F^GZ<;?1-7]7]']GV?\%Z:U'-:YI:X!S7""#J""NUAW5@^#L9KOL[>/H>DDIJ_67ZP8C/JECM^K^UYZSLP>ELJ;L`%OZ( M^G5^C]+T*PYO_!6^FN9Z;C]7^J/5^E]1ZCTYG3>GEC.DY5E=K;!9OW/KR\@, M+MEOK,:^Q_[GZ->CW=%Z7?F8F;;C,=D8`+<1QF*@X;7>G5/I-X_<4L_I_3NK MX5F'FULRL2TP^LG0ECOWF'7ZU7A7_6YS^D]>KZ3U^K&;CY-%U3;6 M/IL]8P_K?3T/J&;B]8^V4/>DIYOZC9F#A]3Z]@=0L9 M1UM_4+;;180Q]E+H?C/JW[?4JV.<]FSZ#+?Y:Z'%ZM]6[^MY.+B6T/ZJRD69 M3ZP"_P!)IV`6Y#1M_1.?_->I^C]1+KGU=^KG5FB[K6)3;Z0@7V>QS6S]'UV. MK?LW.^CO3]/^K_U>Q>G6X?3L2FO"S&%EWH_X1K@YOOO8?4L]KW_X1)3YWF8G M7/KCE=4ZMA=.9G8.8#A8.0^UM1JJH?N9?C,L=N<^VQOJ/_KOI_TBWW=:?UG_ M`!8]1MR"3FXV-=BYH=(<+JAL<;&G\^UNRW_KBZ_'HZ;T?!JQJ17AX=`V5M)# M6CO&YY^DY`'U=Z)LSVMQ6;.K'=G`%VVTF?>X!VUKG;_I5I*QKDE.)T'*SL5UKNM=?P\^MS&>BRL5T[")-CG.:_W M[O:NC:YKFAS2'-<)!&H(*YJSZC?4*NQM-O3\9EEFC&.<6N=/M]C?4W.71TTU MT4LIJ:&55-#&-'`:T;6M_P`U)3__T?54E\JI)*?JI)?*J22GZJ27RJDDI^JE MR_U4HQF7U>CD"WT\)K&0VX"RLO\`T>0S[6UK*6-U9/U3QL/'P7MZ;ENS.FN<#CNL;M/:S*J:W]%^?]G?E^S^D`[+0TL M807./ZO6?H8O_<3Z=?V;TO3LLK_2+YD224_1OUBQ:LC(H!S;,*_[-E-I=2PO M=[CC;K70RQOI4[6;ZW?SGJ+4Z9Z'[-Q/LVWT/1K]+;NV[-K?3V>K^DV[?])[ MU\O))*?HKK%71CU1]G4[GAGV>D/I:VW9M%UNQ^2^EI9Z3[G-V^I^Y8N@7RJD MDI__V?_M$*A0:&]T;W-H;W`@,RXP`#A"24T$)0``````$``````````````` M```````X0DE-`^T``````!``2`````$``0!(`````0`!.$))300F```````. M`````````````#^````X0DE-!`T```````0```!X.$))3009```````$```` M'CA"24T#\P``````"0```````````0`X0DE-!`H```````$``#A"24TG$``` M````"@`!``````````(X0DE-`_0``````!(`-0````$`+0````8```````$X M0DE-`_<``````!P``/____________________________\#Z```.$))300` M```````"``$X0DE-!`(```````0`````.$))300(```````0`````0```D`` M``)``````#A"24T$'@``````!``````X0DE-!!H``````TD````&```````` M```````O````R`````H`50!N`'0`:0!T`&P`90!D`"T`,0````$````````` M`````````````````0``````````````R````"\````````````````````` M`0`````````````````````````0`````0```````&YU;&P````"````!F)O M=6YD'1)D%L:6=N96YU;0````]%4VQI8V5(;W)Z M06QI9VX````'9&5F875L=`````EV97)T06QI9VYE;G5M````#T53;&EC959E M7!E96YU;0```!%%4VQI M8V5"1T-O;&]R5'EP90````!.;VYE````"71O<$]U='-E=&QO;F<````````` M"FQE9G1/=71S971L;VYG``````````QB;W1T;VU/=71S971L;VYG```````` M``MR:6=H=$]U='-E=&QO;F<``````#A"24T$*```````#`````$_\``````` M`#A"24T$$0```````0$`.$))3004```````$`````CA"24T$#``````+3P`` M``$```"@````)@```>```$=````+,P`8``'_V/_@`!!*1DE&``$"`0!(`$@` M`/_M``Q!9&]B95]#30`#_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D) M#!$+"@L1%0\,#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P, M#`P,#`P,#`P,#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P, M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`)@"@`P$B``(1 M`0,1`?_=``0`"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*"P$` M`04!`0$!`0$``````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,! M``(1`P0A$C$%05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U M%J*R@R9$DU1D1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?56 M9G:&EJ:VQM;F]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$# M(3$2!$%187$B$P4R@9$4H;%"(\%2T?`S)&+A7U5F9VAI:F MML;6YO8G-T=79W>'EZ>WQ__:``P#`0`"$0,1`#\`]2IIJHJ932QM5530RNM@ M#6M:T;6,8QOM:QK5-)4>I]3KP:X$/R'C]'7_`-_?_(24KJ?4Z\&N!#\AX_1U M_P#?W_R%BX?5LO&O]6XNNJO.Y[3W_-]2B?;[/H[&^Q$Z=TZWJ5QR\HDTDRYQ MT-A'YC?W:6_^HV*7UCZCBLKUIMK@EXT%(CAO_``CF_F?N)*9]:^L+&5>C M@/!L>V7W=JVGPG_#?^>E6Z+UNS$L&%G%WI`[6OLG?63^9=O]WI?RG?S?_%?S M9N@]",LSLUL$>ZBEW(_X6UO[_P#HV?F?\9_-Y/UBZC1U+/93@5^H0?2]9GTK MG3_-5_O4L_TG_HGZ:4EZ_P!>NZA=]BZ>7_9VG5U4[[7,]_Z+T_?Z->W?_+_X MI:GU<^L0SVMQ,MP^V`36\:-M:!.YL?X5K?YQG_7*_P#@Y=(Z5B="P[,_J%C& M7!A=?>X@,J8/<:V./YG^D?\`X5/OG^<-X987-+0X.W>G=5_I*;/3?L>DIUDEC=>^MG2.@V4T9;K+B]'S1TZSULS/V[WXN'6;K&-/N#K0W:UGM]^W=OV*QT'ZU=$Z_P"H MSI]Q^T4_SV+:TUW,UVRZI_YO\MB2G7261UCZT](Z-FX>#G6.;?GN#:MK=P;+ MFU-LO=_@JW6/V[U=ZEU#'Z9@9'4,G=Z&*PV6;!N=M;SM:DIM)+DQ_C-^K`VF M[[514X@>M;CV!@G@N>`Y;G4^N=/Z;TAW6;GFW!:UCQ92/4W-M';]Q;)W3NWZ_G;E M9NJKOJ?3:-U=@+7MXD'ENB2GD_K%]8'9CCTWIY+J7'T[+&:NM^K[>G,^T9(#LUX@QJVMI_P5?_`*,L5_&Z/TO$M%V-BU56 M-!#7M:`0#I[5<24\G_C-KM?]5GN#768U6119G,9R<=KP;?\`-=Z;_P#P1:XZ MU]6G]'.3]JQ3THU;3+F^GZ<;?1-7]7]']GV?\%Z:U'-:YI:X!S7""#J""NUAW5@^#L9KOL[>/H>DDIJ_67ZP8C/JECM^K^UYZSL MP>ELJ;L`%OZ(^G5^C]+T*PYO_!6^FN9Z;C]7^J/5^E]1ZCTYG3>GEC.DY5E= MK;!9OW/KR\@,+MEOK,:^Q_[GZ->CW=%Z7?F8F;;C,=D8`+<1QF*@X;7>G5/I M-X_<4L_I_3NKX5F'FULRL2TP^LG0ECOWF'7ZU7A7_6YS^D]>KZ3U M^K&;CY-%U3;6/IL]8P_K?3T/J&;B]8^V4 M/>DIYOZC9 MF#A]3Z]@=0L91UM_4+;;180Q]E+H?C/JW[?4JV.<]FSZ#+?Y:Z'%ZM]6[^MY M.+B6T/ZJRD693ZP"_P!)IV`6Y#1M_1.?_->I^C]1+KGU=^KG5FB[K6)3;Z0@ M7V>QS6S]'UV.K?LW.^CO3]/^K_U>Q>G6X?3L2FO"S&%EWH_X1K@YOOO8?4L] MKW_X1)3YWF8G7/KCE=4ZMA=.9G8.8#A8.0^UM1JJH?N9?C,L=N<^VQOJ/_KO MI_TBWW=:?UG_`!8]1MR"3FXV-=BYH=(<+JAL<;&G\^UNRW_KBZ_'HZ;T?!JQ MJ17AX=`V5M)#6CO&YY^DY`'U=Z)LSVMQ6;.K'=G`%VVTF?>X!VUKG;_I5I*< MRCK7U?Q?JCC_`+4R:#CMP:F9%#GMQKDE.)T'*SL5UKNM=?P\^MS&>BRL M5T[")-CG.:_W[O:NC:YKFAS2'-<)!&H(*YJSZC?4*NQM-O3\9EEFC&.<6N=/ MM]C?4W.71TTUT4LIJ:&55-#&-'`:T;6M_P`U)3__T?54E\JI)*?JI)?*J22G MZJ27RJDDI^JER_U4HQF7U>CD"WT\)K&0VX"RLO\`T>0S[6UK*6-U9/U3QL/'P7MZ;ENS.FN< M#CNL;M/:S*J:W]%^?]G?E^S^D`[+0TL807./ZO6?H8O_<3Z=?V;TO3LLK_2+YD224_1OUBQ:LC(H!S; M,*_[-E-I=2PO=[CC;K70RQOI4[6;ZW?SGJ+4Z9Z'[-Q/LVWT/1K]+;NV[-K? M3V>K^DV[?])[U\O))*?HKK%71CU1]G4[GAGV>D/I:VW9M%UNQ^2^EI9Z3[G- MV^I^Y8N@7RJDDI__V0`X0DE-!"$``````%,````!`0````\`00!D`&\`8@!E M`"``4`!H`&\`=`!O`',`:`!O`'`````2`$$`9`!O`&(`90`@`%``:`!O`'0` M;P!S`&@`;P!P`"``0P!3`````0`X0DE-!`8```````<`"`````$!`/_A&`)H M='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG M[[N_)R!I9#TG5S5-,$UP0V5H:4AZDY48WIK8SED)S\^"CQX.GAM<&UE M=&$@>&UL;G,Z>#TG861O8F4Z;G,Z;65T82\G('@Z>&UP=&L])UA-4"!T;V]L M:VET(#,N,"TR."P@9G)A;65W;W)K(#$N-B<^"CQR9&8Z4D1&('AM;&YS.G)D M9CTG:'1T<#HO+W=W=RYW,RYO&UL;G,Z:5@])VAT='`Z+R]N&UL;G,Z<&AO=&]S:&]P/2=H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O M3X*(#PO&%P.DUE=&%D871A1&%T93X*("`\>&%P.D-R96%T;W)4;V]L/D%D;V)E(%!H M;W1O&UL M;G,Z>&%P34T])VAT='`Z+R]N&%P+S$N,"]M;2\G/@H@ M(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED.G!H;W1O&UL;G,Z9&,])VAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M M96YT&UP;65T M83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`* M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@"CP_>'!A8VME="!E;F0])W7J%AH>(B8J4E9:7F)F:I*6FIZBIJK2UMK>XN;K$Q<;' MR,G*U-76U]C9VN3EYN?HZ>KT]?;W^/GZ_]H`"`$!```_`-_CW[W[W5E\M_EQ M]X,GU7U3E5-$4EH=X[SQ\\J222)*8ZG;^W:N%HP(`$*5=9&2'#&*(VUN7/XI M_,)9QC.L^WT`_:S&].N]WYN6OSF0RE95Y/-;2RV3JGFK]QXO4) MY*C'3U$QDK:!%4?62`*X:.6V;Y%_,;J;H#J*E[.ESF+W94[LQLTW5^W\-D(J MB7?=<:=9('I:BG$_VN"I&E1JZM9=%,ATV,S1QOKT];_S$^_-F?('-]XY_+'= ME+O*6DH][==/5U=+M6;;%+,W\.Q6UZ26>H3;]=MV!Y/X?56DV\S&PN0(WG10=>9*E@W1NFFJOH(O/0[7BJ&)ILY$Z6@QM)EGUB+&MS=3)&%@.D` M3\5OBWO#Y2;SJ,YGZS)T?7>)R,)WMO&IFE?)YJI2.,_W226`BG/I+IGMGY:=EX;K_:0J:S[*(/D\Q7 MR5$FV>N=I3Y%YZ[(2J\GCI*5JNIE>&DAM-75CG2"QD=;_M^?RMNA\[T'A^J= MHPG;>^]K)4Y+"=M5%+%4[AS&XZV./^)R;S6`0',[?RKPJ/LD:-:%43[5HRK> M1!_$_P"!'R,^*._AN3;'>VQ,QM'.RT5-O[8M7M;<46.W)C*>0A:JEE&5?^&; MEQD,LGV=8JL%U&.5)(F9/=NGOWOWOWOWOWOWOWOWOWOWOWOWOWOWO__1W^/= M5GRW^7'\0_BG5G5>4T8Y#)1;OWICJ@J:PH2E5@-OU<3#31J04JZM#>0@QQ'1 MJ=H/Q)^)#9UL9VCVGBWBPD,D59M/9V1I@O\`&P$$E-G<[33"XQ"LRO2TS+_E M)`>0>+2L@[_,?YB8;X[X3^Z6T_L\SVWG<>[XG''Q38_9]!*OBAW%N&`-FGS=0K+Y7TF#'0%3H)\4372=S=R]-?"'I*CJZFCH\9B<)0?P+KSK M[$30P9?=66@B#18W'++KE:\DGGR.0E#B%'::4O(RJ^MPB?('^8Q\C&),M?FL MS4!I&M72[(ZBV(M58``:A08;'H;+]*K*5IY+2R$KLX?&SXW=??&'KB@V!L:E M%14OXZS=>[:NF@BSN\L]H*S9;+21:M$4>HQTE*K&&C@LB7.MWUV?D7N#Y0_S M?/YC_>WP)ZJ[\WA\7OB%\.:/'P=U;FZZ:OH][=F[UK'I*.JQ4];C\AC6J$FS M#5M%CJ2HJ5QM/38RHK:BFK)W@AC5>5_D.?);XNY#!=E?RV/YB7=NS>P\3E\4 MV4V7W[G&W#UQNG%RU\'\8?+0;Q$>/ZPZYR6\^R-QXNAFPV&D7:>W9$IJB'9\E0-NXRBZ_IQ3U&-J(8%DK_[KY'65:8O)N)_ MS,.Z^WOC[\"ODOW5\?\`&MF>U=D]<2Y39\E-BWW`V(%?E<5BLMO&#$Q1U"9( M[+V[D:K,*LB24_\`D0:9'A#J=.CI?JW^6=WOU5M#N;Y0?SO?D#A?E=OC"4^Y M-SR5&YMS8W_1MO'*Q_=5^W)*;-X/-Y3)Q8'*221M54F7H*2L11)3)3Q,@&UY M_+-H\QTW\+;PV!QYK,@F6R-;64U75M3JPABC+49_&3XX?(S_A0%4=C_+_`.2ORD[; MZ.^+--V-N3871/Q[Z4S"XB`87`"GGFKLK/5&3!-54#UE+%4U];C,CD,G7QU. MAZ*FAIXC8/\`&'^5/\V?@I\H.L\M\<_GINOL7X;Y'(5A[JZ<^1*9/=>7H\'2 MTH?9>'^\SCA+^C'6/#>Z)OY&O M&W?A[T`FS-[;QV'7[@^ M7W7FVJ[,[)W-FMK99L9F-C]D4]13R5N#K\?45%,)-$OAD&8JMM29ZBB>HQ='EI-N[DQ&5H M:*JKXXTEJ8S4^&,EC33V\9.3_)"^=/;WRXZ,[4ZN^2Z5,_R=^(G9-1T]VYGI MJ2AI&W8HFS$&`SV07&Q4F/\`[RQ5.W"&">6@6J4`U)1-47X>X#XO= MW8+N#\MO[5V-C^S-X5M/F]DP&EJZ3W,,OM M*.EW#E-N9V#[=Y8S;FXO)7NCLM5@=O5<%"H%`-.FJK(V/F]441T:G=*?$WXA M35\V/[,[:P\U)04DT=5M39&4I3%)D)(B&@S6XZ*=5>&ABD4&FHI$O,0))0$" MHYE?EI\D"VQ2%_`V>W#-C:66%GC(; M[2BUB2HD6[Z8E)-07Q^^*':_R<[*RF>[(AW?M_:_\5?+=@[TW'15N-W!FZVM M+U+8O`)F:6-ZK)UW`:81M34$!!L3XHFNV[#WOUY\1NDXJK%[5RU5A-J8Z'![ M,V#LS$UN6SVXLKXG^QQ='!14U94&:MG5I:VOG!2,&2>9F8V;6UW;MSY:_._Y M`TM5G]C;OQ^6W#5?8XB+.;5H*>"FQN-@/EJ'%ZS)51 MX5Y71!LB_&'XR=?_`!:ZYI=C[+@^]RE88*_>>\*R"./,[PSR0^-Z^M*M)]K0 M4P9HZ*C1C%20FPU.TDDACO>J!WV/DM_)N_F5?(CYO[5Z#WO\D?A5\S8\7F.V MVZ[BJLCNKJW=E+/%79&MKJ>CHJBGQ<^)S$^0J,?)D$BQ62H,F]*];2U4(1V]WQW/UA\/_`.7'L?:%=MWY`?-;=?7. M0[SV]M*?-;NVOUQLNAR5`>HD2%9\9MRI=XUCD7 M4&WP*W:&8WS08>JJL'BLQ MBZ'8&)JDQ.G^3O\GW<6POD/-'54F\.M<;\4^M,FV1W$B>*M7';D MRJ;#W#3?IC6?R"?BKV;C]D_/_>._P#H[>OQI^,WRUWC M##TKT1N^?,4N>P>RJV@WY1Y:MH:;<%-29N+'TVU=VXS$4N2J:6&3)_P[6H:& M&)V+!\/_`)8=S_R"*C?OPK^:'QN[:WI\:%[*W7O'H_Y)]/[>78PU9-4124M3"T,JV`=0_SG^^/FM\H.F^N/@Q\ M(NT,]\>%W=3I\@^\N]$R6$65:^&.JJ\AD M,R\2T4-!`)&JT*M\Z^M,W_.._FS[3^$I_P!(&U_B=\+-E[JSGN_NV?C+VOUYV3E-N]@5^`W7KVIBMP4I?*8"CVGLK"905.&STE' M)D$;SPR8>2L8JIC!8R'\]?NND^3O\K?X._(C8VU]SU6,WS\B^F^R*S:]#A,K MD-P;=E@Z[[)J=S;;I:C&S-+'$GW,-B1<>Q)W3_PI$V[O#!Y M';/QA^!GS([([LS--/C]B[^)W1G:O;/R7%71?)SY?]E57<7;6W*BIHISM*,U M6;J=O82O3'M444.Y:FHW'D2O2E!O3,S:M/P$^1'P"^.^T.[-J? M-W^7GV3\E.Q,YWWO7LVCN+<%!GNS=A8';NR MZ'&[.HZ227&R5^/W3E:B&KJ()U2FC$)5BI!(M[NB]__3W^/?O?O?O?O?O?O? MO:![%[5ZSZAPM)N/M3?^S^NL!7Y6GP5!F-Z;AQ6V\=79NJIJRMIL11U>6JJ6 M&JR<]'CJB5($+2-%!(P&E&(E[`WCU_O[;%'NOK'TMTQ8W'9F3;FY*:@J9YL)G8\3F*2I:DJ1'.(*F M*33I=25/[#[(=A]64=9O63*;TV+39#J;'4>3[#>NS^"BK>N,3F,7-FJ#(;N, M]4)]J8_*8:GDJH9:OP1S4\;2*2BDA?JRNJNC*Z.H9&4AE96%U92."I!N#[3& M]=U;+V3M?+[G[#W#MK:NS<7`CYS/;ORF-PVW:&GGGBI8CDLCEYJ?'01U%5/' M$@D<:Y'51=F`+9UWV5UIVE@3G^J]];+W]MNDJY,5)E=C;APVX\519"FBADEQ M=1486KJZ>CKJ:">-FIW*2(CJ2H!%UY[";!]]='[FWU7]7[<[@ZRSO9&,FR5- MD-AXC?.VLCNZDJ<+J_C5+-MZDR4N46JPV@_>1^+72V/E">Q9]A5V3WGTQTY+ MA:?MCM38'7%1N2/(R[?I]Z[KPNW*C-Q8=J%UL_1QY'![CVYE*+-8/,4$U_%68S*XZ>I MH:VFW]GX#-;KW9F\3MK;&W,76YO<&X<[D*7%87"8?& MT\E7D,IEE+*8#*%$HB?1?0UA.]__4W^/?O?O? MO?O?O?O?O9&/G/U9N?M7#_'W'[-W+A\#N;;/R"HMU8S'5?=6;Z#W)N]H>HNW M\)5;IWBN!S#;3I]Q5-71[?GW*,?4'!0 MYVKH*:MKJ7#293Q"JDAAFF2`L41V`4U<_!CXPX[H'M/-9?J7Y6XWY'X7+[5R MNT/E+AZ[9?=(/RM^-6$W_`+_^=&X^O?D)\=.O?D/N+8^"7.XO=O8-'1R4 M7QJR_1^VNN]Z;=^2&$HW_C>T=D_QBFDW)MK-24U1%B\G!3SHW@JJ^GGNTHD$ M5%21*ZR+'2TZ"1"&20)$BAT8<,K`7!_(]EA^5&TJW<%#TMN#";EZXQ>[^NN] M-K;QV/M/MO.OM[8G:.ZY=N;PVE0[#JLI34F5R-%N:2EW1/E,!44F/RE329S& M4LZT^1FW[6=A;=Z9VGNB;:>G^X@E@\]+(8:F#RQM'YJ M>8`F*>/5J1K'2P!]U/;!ZLW#_<3X@=3Y;?7Q9INF>I.VMF93J[O3:'9,V4[" M[QRW6U3GJ_#8+96TYMLXS;F`["[!_A=5#O2HH=S;@DKZ23,1Q0'[J1J:VCV1 M7Y)_';)=Y]W]:UN%^0F\^BV/VYV?D*_=&Z^D7HL^=OY+# MY>GW3U]M.KP:-D4?Q1)D:K'QN2)[`4_AWLZ'K[XU=4;).:VGN3,;9PN1Q&]- MR[(WC7[]VYN3LNEW#F%[3W%3[IRJ1Y2NR.=[(_BM7D(JA1/19":>F?U0GVX? M+;:"]@?&#OW8[[GVYLI-W=3[WVZV[MWYH;;VQMI