+----------------------+-----------------------------------------------+
| ![](media/           | U.S. DEPARTMENT OF HOUSING                    |
| image1.wmf){width="1 |                                               |
| .8743055555555554in" | AND URBAN DEVELOPMENT                         |
| height="1.           |                                               |
| 8256944444444445in"} | ####### OFFICE OF                             |
|                      |  MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING |
|                      |                                               |
|                      | ######## MARK-TO-MARKET PROGRAM               |
+----------------------+-----------------------------------------------+

**FINAL REPORT**

# ON

######### **COMPLIANCE AUDITS AND AGREED-UPON PROCEDURES REVIEWS**

######### **OF**

######### **PARTICIPATING ADMINISTRATIVE ENTITIES**

# FOR THE YEAR ENDED MAY 31, 2003

######### **January 23, 2004**

######### **OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING**

######### **MARK-TO-MARKET PROGRAM**

####### MANDATORY DATA

Name of Contractor: Regis & Associates, PC

Contract Number: C-OPC-22195

Date of Order: July 24, 2002

# TABLE OF CONTENTS

INTRODUCTION 1

EXECUTIVE SUMMARY 2

Overview 2

Results in Brief 4

BACKGROUND, OBJECTIVES &
SCOPE........................................................6

Background .6

Objectives, Scope, and
Methodology....................................................\...10

RESULTS 12

PAE Profile 12

Review Findings 13

Class 1 -- Reporting Timelines 14

Class 2 -- Project File Products 16

Class 3 -- Procurement Process 18

Nationwide Results 19

Conclusion 23

Recommendations............................................................................
23

Other
Matters..................................................................................26

APPENDICES:

Appendix A: Statistical Sampling Methodology

Appendix B: Listing of Selected PAEs

Appendix C: PAE Report Types and Sample Selection

Appendix D: Summary of Statistical Analysis

+---------------------+---+-----------------------------------------------+
| # INTRODUCTION      |   |                                               |
|                     |   |                                               |
| #                   |   |                                               |
+---------------------+---+-----------------------------------------------+
| ## Introduction     |   | The Office of Multifamily Housing Assistance  |
|                     |   | Restructuring (OMHAR), an office within the   |
|                     |   | Department of Housing and Urban Development,  |
|                     |   | engaged Regis & Associates, PC to perform     |
|                     |   | agreed-upon procedures (AUP) reviews and      |
|                     |   | special purpose compliance audits of          |
|                     |   | Participating Administrative Entities (PAEs). |
|                     |   | The purpose of these assessments was to       |
|                     |   | evaluate the performance of Participating     |
|                     |   | Administrative Entities in the Mark-to-Market |
|                     |   | (M2M) Program in accordance with the          |
|                     |   | Operating Procedures Guide (OPG), the         |
|                     |   | Portfolio Restructuring Agreement (PRA), and  |
|                     |   | the Multifamily Assisted Housing Reform and   |
|                     |   | Affordability Act of 1997 (MAHRA).            |
|                     |   |                                               |
|                     |   | In performing this engagement, we visited 17  |
|                     |   | PAEs and tested 145 Full restructurings. We   |
|                     |   | conducted six compliance audits and eleven    |
|                     |   | AUP reviews. We performed 37,120 test         |
|                     |   | procedures and identified 373 occurrences of  |
|                     |   | noncompliance. Of the 373 occurrences, 157    |
|                     |   | were identified in the compliance audits and  |
|                     |   | 216 were identified in the AUP reviews. We    |
|                     |   | reported these findings to OMHAR and the PAEs |
|                     |   | upon completion of each engagement.           |
|                     |   |                                               |
|                     |   | Based on a 99% confidence level of the        |
|                     |   | results, we concluded that the PAEs are       |
|                     |   | substantially adhering to the restructuring   |
|                     |   | requirements of the M2M Program's OPG, the    |
|                     |   | PRA, and the MAHRA on a nationwide basis.     |
|                     |   | However, we noted instances of noncompliance  |
|                     |   | which are reported in the *Recommendations*   |
|                     |   | section of this report. Of particular         |
|                     |   | significance was a finding of noncompliance   |
|                     |   | with the statutory requirement by MAHRA for   |
|                     |   | the Owner's Evaluation of Physical Condition  |
|                     |   | Assessment. Further, we conclude that OMHAR   |
|                     |   | has been successfully monitoring the          |
|                     |   | nationwide restructuring activities.          |
+---------------------+---+-----------------------------------------------+
| ##                  |   |                                               |
+---------------------+---+-----------------------------------------------+

##  

+----------------------+---+-----------------------------------------------+
| # EXECUTIVE SUMMARY  |   |                                               |
+----------------------+---+-----------------------------------------------+
| ## Overview          | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | M |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | H |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | ( |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ) |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | D |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | H |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | U |                                               |
|                      | r |                                               |
|                      | b |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | D |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | , |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | & |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | P |                                               |
|                      | C |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | - |                                               |
|                      | u |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | ( |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | p |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | P |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | p |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | A |                                               |
|                      | d |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | E |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | ( |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ) |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | P |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | p |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | A |                                               |
|                      | d |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | E |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | - |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | - |                                               |
|                      | M |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | ( |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | ) |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | b |                                               |
|                      | y |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | b |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | b |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | O |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | G |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | ( |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | ) |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | A |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | ( |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | ) |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | H |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | A |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | y |                                               |
|                      | A |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 1 |                                               |
|                      | 9 |                                               |
|                      | 9 |                                               |
|                      | 7 |                                               |
|                      | ( |                                               |
|                      | M |                                               |
|                      | A |                                               |
|                      | H |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | ) |                                               |
|                      | . |                                               |
|                      | O |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | w |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 1 |                                               |
|                      | 7 |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | 1 |                                               |
|                      | 4 |                                               |
|                      | 5 |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | . |                                               |
|                      | S |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | O |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | J |                                               |
|                      | u |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | 1 |                                               |
|                      | , |                                               |
|                      | 2 |                                               |
|                      | 0 |                                               |
|                      | 0 |                                               |
|                      | 2 |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | M |                                               |
|                      | a |                                               |
|                      | y |                                               |
|                      | 3 |                                               |
|                      | 1 |                                               |
|                      | , |                                               |
|                      | 2 |                                               |
|                      | 0 |                                               |
|                      | 0 |                                               |
|                      | 3 |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 2 |                                               |
|                      | 4 |                                               |
|                      | C |                                               |
|                      | F |                                               |
|                      | R |                                               |
|                      | § |                                               |
|                      | 4 |                                               |
|                      | 0 |                                               |
|                      | 1 |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | A |                                               |
|                      | H |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | A |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | - |                                               |
|                      | U |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | W |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | C |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | k |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | * |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | o |                                               |
|                      | b |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | x |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | U |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | m |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | k |                                               |
|                      | e |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | s |                                               |
|                      | ( |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | ) |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | z |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | 3 |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | 1 |                                               |
|                      | 1 |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | y |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | c |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | S |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | W |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | . |                                               |
|                      | A |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | c |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | p |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | N |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | A |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | D |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | A |                                               |
|                      | H |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | b |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | k |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | a |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | w |                                               |
|                      | h |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      | I |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | y |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | y |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | m |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | B |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 8 |                                               |
|                      | 7 |                                               |
|                      | % |                                               |
|                      | , |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | f |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | 9 |                                               |
|                      | 5 |                                               |
|                      | % |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | 1 |                                               |
|                      | 0 |                                               |
|                      | 0 |                                               |
|                      | % |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 9 |                                               |
|                      | 6 |                                               |
|                      | % |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | b |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | A |                                               |
|                      | H |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | b |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | y |                                               |
|                      | f |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | m |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | A |                                               |
|                      | H |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | b |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | 2 |                                               |
|                      | 4 |                                               |
|                      | C |                                               |
|                      | F |                                               |
|                      | R |                                               |
|                      | § |                                               |
|                      | 4 |                                               |
|                      | 0 |                                               |
|                      | 1 |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | p |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | d |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | f |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | J |                                               |
|                      | u |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | 2 |                                               |
|                      | 0 |                                               |
|                      | 0 |                                               |
|                      | 3 |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | g |                                               |
|                      | h |                                               |
|                      | N |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | 2 |                                               |
|                      | 0 |                                               |
|                      | 0 |                                               |
|                      | 3 |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | * |                                               |
|                      | G |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | n |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | A |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | S |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | G |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | A |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | A |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | S |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | W |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | C |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | k |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | * |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | b |                                               |
|                      | y |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | . |                                               |
|                      | A |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | d |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | , |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | & |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | P |                                               |
|                      | C |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | 1 |                                               |
|                      | 7 |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | . |                                               |
|                      | I |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | - |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | - |                                               |
|                      | M |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | , |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | c |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | x |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | z |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | b |                                               |
|                      | y |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | y |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | y |                                               |
|                      | . |                                               |
|                      | O |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | y |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | . |                                               |
+----------------------+---+-----------------------------------------------+
| ## Results in Brief  | A |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | g |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | d |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | y |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | M |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | ' |                                               |
|                      | s |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | y |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | I |                                               |
|                      | n |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | 1 |                                               |
|                      | 7 |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | 1 |                                               |
|                      | 4 |                                               |
|                      | 5 |                                               |
|                      | F |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | O |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | 3 |                                               |
|                      | 7 |                                               |
|                      | , |                                               |
|                      | 1 |                                               |
|                      | 2 |                                               |
|                      | 0 |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | 3 |                                               |
|                      | 7 |                                               |
|                      | 3 |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | 1 |                                               |
|                      | 5 |                                               |
|                      | 7 |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | 2 |                                               |
|                      | 1 |                                               |
|                      | 6 |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | I |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | , |                                               |
|                      | w |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | p |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | . |                                               |
|                      | O |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | , |                                               |
|                      | b |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | 9 |                                               |
|                      | 9 |                                               |
|                      | % |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | b |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | M |                                               |
|                      | 2 |                                               |
|                      | M |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | N |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | A |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | D |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | m |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | c |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | T |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | y |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | * |                                               |
|                      | . |                                               |
|                      | * |                                               |
|                      |   |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | w |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | s |                                               |
|                      | w |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | O |                                               |
|                      | P |                                               |
|                      | G |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | O |                                               |
|                      | M |                                               |
|                      | H |                                               |
|                      | A |                                               |
|                      | R |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | S |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | 8 |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | b |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | y |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | u |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | - |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | k |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | c |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | m |                                               |
|                      | o |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | G |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | p |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | y |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | p |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | o |                                               |
|                      | w |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | c |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | R |                                               |
|                      | A |                                               |
|                      | . |                                               |
|                      | T |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | f |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | A |                                               |
|                      | E |                                               |
|                      | s |                                               |
|                      | ' |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | q |                                               |
|                      | u |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | r |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | . |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | l |                                               |
|                      | u |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | b |                                               |
|                      | u |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | f |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | x |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | 1 |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | 2 |                                               |
|                      | , |                                               |
|                      | b |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | o |                                               |
|                      | w |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      |   |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      |   |                                               |
|                      | 1 |                                               |
|                      | : |                                               |
|                      |   |                                               |
|                      | A |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      |   |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      |   |                                               |
|                      | C |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      |   |                                               |
|                      | A |                                               |
|                      | u |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | t |                                               |
|                      |   |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      |   |                                               |
|                      | ! |                                               |
|                      | [ |                                               |
|                      | ] |                                               |
|                      | ( |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | / |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | 3 |                                               |
|                      | . |                                               |
|                      | w |                                               |
|                      | m |                                               |
|                      | f |                                               |
|                      | ) |                                               |
|                      |   |                                               |
|                      | A |                                               |
|                      | s |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | 1 |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | , |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | 1 |                                               |
|                      | 5 |                                               |
|                      | 7 |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | - |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | , |                                               |
|                      | 9 |                                               |
|                      | 1 |                                               |
|                      | ( |                                               |
|                      | 5 |                                               |
|                      | 8 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | T |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | 4 |                                               |
|                      | 7 |                                               |
|                      | ( |                                               |
|                      | 3 |                                               |
|                      | 0 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | I |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | 1 |                                               |
|                      | 9 |                                               |
|                      | ( |                                               |
|                      | 1 |                                               |
|                      | 2 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | [ |                                               |
|                      | ^ |                                               |
|                      | 1 |                                               |
|                      | ] |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      | # |                                               |
|                      |   |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      |   |                                               |
|                      | 2 |                                               |
|                      | : |                                               |
|                      |   |                                               |
|                      | A |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      |   |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      |   |                                               |
|                      | A |                                               |
|                      | U |                                               |
|                      | P |                                               |
|                      |   |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      |   |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      |   |                                               |
|                      | ! |                                               |
|                      | [ |                                               |
|                      | ] |                                               |
|                      | ( |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | / |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | a |                                               |
|                      | g |                                               |
|                      | e |                                               |
|                      | 4 |                                               |
|                      | . |                                               |
|                      | w |                                               |
|                      | m |                                               |
|                      | f |                                               |
|                      | ) |                                               |
|                      |   |                                               |
|                      | S |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | r |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | , |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | a |                                               |
|                      | l |                                               |
|                      | y |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | g |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | 2 |                                               |
|                      | a |                                               |
|                      | b |                                               |
|                      | o |                                               |
|                      | v |                                               |
|                      | e |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | c |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | 2 |                                               |
|                      | 1 |                                               |
|                      | 6 |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | - |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | , |                                               |
|                      | 1 |                                               |
|                      | 2 |                                               |
|                      | 4 |                                               |
|                      | ( |                                               |
|                      | 5 |                                               |
|                      | 7 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | T |                                               |
|                      | i |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | , |                                               |
|                      | 8 |                                               |
|                      | 8 |                                               |
|                      | ( |                                               |
|                      | 4 |                                               |
|                      | 1 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | I |                                               |
|                      | n |                                               |
|                      | c |                                               |
|                      | o |                                               |
|                      | m |                                               |
|                      | p |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | j |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | F |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | d |                                               |
|                      | u |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | 4 |                                               |
|                      | ( |                                               |
|                      | 2 |                                               |
|                      | % |                                               |
|                      | ) |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | l |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | o |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | m |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | P |                                               |
|                      | r |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | ^ |                                               |
|                      | 1 |                                               |
|                      | ^ |                                               |
|                      | . |                                               |
|                      |   |                                               |
|                      | W |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | f |                                               |
|                      | u |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | r |                                               |
|                      | d |                                               |
|                      | e |                                               |
|                      | t |                                               |
|                      | a |                                               |
|                      | i |                                               |
|                      | l |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | f |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | g |                                               |
|                      | s |                                               |
|                      | a |                                               |
|                      | n |                                               |
|                      | d |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | a |                                               |
|                      | s |                                               |
|                      | s |                                               |
|                      | o |                                               |
|                      | c |                                               |
|                      | i |                                               |
|                      | a |                                               |
|                      | t |                                               |
|                      | e |                                               |
|                      | d |                                               |
|                      | r |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | k |                                               |
|                      | s |                                               |
|                      | i |                                               |
|                      | n |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | e |                                               |
|                      | * |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | v |                                               |
|                      | i |                                               |
|                      | e |                                               |
|                      | w |                                               |
|                      | R |                                               |
|                      | e |                                               |
|                      | s |                                               |
|                      | u |                                               |
|                      | l |                                               |
|                      | t |                                               |
|                      | s |                                               |
|                      | * |                                               |
|                      | s |                                               |
|                      | e |                                               |
|                      | c |                                               |
|                      | t |                                               |
|                      | i |                                               |
|                      | o |                                               |
|                      | n |                                               |
|                      | o |                                               |
|                      | f |                                               |
|                      | t |                                               |
|                      | h |                                               |
|                      | i |                                               |
|                      | s |                                               |
|                      | r |                                               |
|                      | e |                                               |
|                      | p |                                               |
|                      | o |                                               |
|                      | r |                                               |
|                      | t |                                               |
|                      | . |                                               |
+----------------------+---+-----------------------------------------------+
| ##                   |   |                                               |
+----------------------+---+-----------------------------------------------+

+-----------------------+----------------------------------------------+
| # BACKGROUND          |                                              |
| , OBJECTIVES, & SCOPE |                                              |
+-----------------------+----------------------------------------------+
| ## Background         | As part of its housing mission, the          |
|                       | Department of Housing and Urban Development  |
|                       | (HUD) is charged with increasing the         |
|                       | availability of decent, safe, and affordable |
|                       | rental housing nationally. Over the past     |
|                       | years, the cost of rental housing has        |
|                       | increased significantly, and a considerable  |
|                       | percentage of low and very-low-income        |
|                       | renters have been forced to spend a          |
|                       | disproportionate amount of their income on   |
|                       | basic housing needs.                         |
|                       |                                              |
|                       | In order to address this problem and to      |
|                       | ensure the affordability of rental housing   |
|                       | for low-income households, HUD administers   |
|                       | three major rental assistance programs[^2]   |
|                       | that collectively subsidize the housing      |
|                       | costs for more than four million eligible    |
|                       | Americans. These three basic rental          |
|                       | assistance programs are the tenant-based     |
|                       | assisted housing[^3], project-based assisted |
|                       | housing[^4], and public housing programs     |
|                       | that provide the most direct means of        |
|                       | ensuring affordable rental housing for       |
|                       | low-income families. Besides ensuring the    |
|                       | affordability of rental housing, the         |
|                       | *Project-Based Section 8 Program* also       |
|                       | increases the availability of affordable     |
|                       | rental housing for low-income families.      |
|                       | Additionally, in support of this objective,  |
|                       | the Federal Housing Administration (FHA)     |
|                       | contributes substantially to the supply of   |
|                       | affordable housing by providing financing    |
|                       | support for multifamily rental housing by    |
|                       | insuring loans and risk-sharing mortgages.   |
|                       |                                              |
|                       | More than 25 years ago, in an effort to spur |
|                       | the construction of affordable housing and   |
|                       | encourage private owners to participate in   |
|                       | its *Project-Based Section 8 Program,* HUD   |
|                       | entered into long-term contracts with        |
|                       | property owners that provided for annual     |
|                       | rent increases. These increases were         |
|                       | automatic regardless of prevailing market    |
|                       | rents. The original housing rental subsidy   |
|                       | contracts are expiring on thousands of       |
|                       | privately owned multifamily properties with  |
|                       | FHA-insured mortgages. As a result of the    |
|                       | automatic rent increases under the Section 8 |
|                       | Program, many of these properties charge     |
|                       | rents at amounts higher than prevailing      |
|                       | market rent. This results in excessive       |
|                       | expenditures of funds for HUD's Section 8    |
|                       | Program. To help ensure that the federal     |
|                       | taxpayer is not paying more for this program |
|                       | than the marketplace requires, the           |
|                       | Mark-to-Market (M2M) Program was created to  |
|                       | reduce federal spending on housing           |
|                       | subsidies. The reduction is accomplished     |
|                       | through restructuring, making it financially |
|                       | feasible for multifamily properties          |
|                       | currently charging rents greater than        |
|                       | comparable market rents to survive and       |
|                       | continue to offer quality,                   |
|                       | market-competitive housing at comparable     |
|                       | market rents.                                |
|                       |                                              |
|                       | The Multifamily Assisted Housing Reform and  |
|                       | Affordability Act of 1997 (MAHRA)            |
|                       | established the M2M Program as a vehicle for |
|                       | restructuring multifamily properties insured |
|                       | by the FHA when the existing housing         |
|                       | assistance contracts expire. The Office of   |
|                       | Multifamily Housing Assistance Restructuring |
|                       | (OMHAR) administers the M2M Program and, as  |
|                       | such, has many responsibilities, including   |
|                       | the oversight and monitoring of the          |
|                       | restructuring activities. In keeping with    |
|                       | HUD's mission and its objective of           |
|                       | increasing the availability of decent, safe, |
|                       | and affordable rental housing, the major     |
|                       | goals of the M2M Program are:                |
|                       |                                              |
|                       | -   *Social*: Preserving affordable housing  |
|                       |     stock by maintaining the long-term       |
|                       |     physical and financial integrity of      |
|                       |     privately owned, HUD subsidized rental   |
|                       |     housing insured by FHA;                  |
|                       |                                              |
|                       | -   *Economic*: Reducing the long term       |
|                       |     project based Section 8 rental           |
|                       |     assistance costs and reducing the cost   |
|                       |     of insurance claims paid by FHA; and     |
|                       |                                              |
|                       | -   *Administrative*: Establishing a         |
|                       |     nationwide network of locally-based PAEs |
|                       |     to administer the M2M Program, promoting |
|                       |     greater operating and cost efficiencies  |
|                       |     in the Section 8 assisted properties,    |
|                       |     and addressing problem properties by     |
|                       |     terminating relationships with owners    |
|                       |     who violate Program agreements and       |
|                       |     requirements.                            |
|                       |                                              |
|                       | When Section 8 contracts at above-market     |
|                       | rents expire, OMHAR reduces rents to market  |
|                       | levels and, where needed, restructures the   |
|                       | existing mortgage debt to levels supportable |
|                       | at the lower rents. MAHRA requires OMHAR to  |
|                       | solicit and select capable organizations,    |
|                       | referred to as Participating Administrative  |
|                       | Entities (PAEs), to assist in the            |
|                       | restructuring process. The PAEs were         |
|                       | selected through a qualifying process and    |
|                       | are classified as either Public or Private   |
|                       | (Non-Public) entities. The Public PAEs       |
|                       | comprise state and local housing finance     |
|                       | agencies, and the Private PAEs are           |
|                       | non-profit and for-profit entities           |
|                       | contracted by OMHAR to perform               |
|                       | restructurings on eligible properties in the |
|                       | states not within the state and local        |
|                       | housing finance agencies' jurisdictions. The |
|                       | PAEs' duties are restricted to restructuring |
|                       | activities pursuant to a Portfolio           |
|                       | Restructuring Agreement (PRA) between OMHAR  |
|                       | and each PAE. The PAEs develop restructuring |
|                       | plans to determine appropriate market        |
|                       | rents, identify any improvements necessary   |
|                       | for the property to become competitive in    |
|                       | the marketplace, and identify methods of     |
|                       | restructuring the finances of the property   |
|                       | to make operating at market rents            |
|                       | financially feasible. They also help to      |
|                       | reduce the Section 8 subsidy costs and the   |
|                       | potential for FHA insurance claims.          |
|                       |                                              |
|                       | OMHAR is responsible for the oversight,      |
|                       | evaluation, and monitoring of the PAEs to    |
|                       | ensure compliance with the M2M Program. To   |
|                       | achieve this objective, OMHAR has developed  |
|                       | the M2M Program Operating Procedures Guide   |
|                       | (OPG) that sets forth the uniform process    |
|                       | for restructuring FHA-insured Section 8      |
|                       | housing projects. In addition, OMHAR has     |
|                       | also developed the M2M Program's             |
|                       | *Agreed-Upon Procedures Checklist* as a tool |
|                       | for evaluating the PAEs adherence to the     |
|                       | requirements of the OPG, the PRA, and the    |
|                       | MAHRA. OMHAR also relies on the results of   |
|                       | other audits for the evaluation of the PAEs, |
|                       | such as OMB Circular A-133 Audits, Federal   |
|                       | Contract Audits, and other reviews. Finally, |
|                       | OMHAR retains independent auditors to        |
|                       | evaluate and report on the PAEs' adherence   |
|                       | to the requirements of the M2M Program.      |
|                       |                                              |
|                       | There are two major types of restructuring   |
|                       | transactions - a mortgage debt restructuring |
|                       | transaction (Full) and a rent restructuring  |
|                       | transaction (Lite).                          |
|                       |                                              |
|                       | Mortgage debt-restructuring transactions,    |
|                       | known as "Fulls", occur when the PAEs        |
|                       | develop restructuring plans that include     |
|                       | reduction of rents to market levels and      |
|                       | restructured mortgage financing. These plans |
|                       | are approved by OMHAR when all the           |
|                       | established criteria are satisfied. The Full |
|                       | mortgage debt restructuring also involves a  |
|                       | thirty-year Use Agreement.                   |
|                       |                                              |
|                       | Rent restructuring transactions, known as    |
|                       | "Lites", occur when the PAEs develop         |
|                       | restructuring plans that reduce rents to     |
|                       | market levels without refinancing the        |
|                       | mortgage debt. A Use Agreement is not        |
|                       | required for Lites. OMHAR approves the       |
|                       | restructurings once it determines that the   |
|                       | long-term physical and financial integrity   |
|                       | of the property would not be jeopardized.    |
|                       |                                              |
|                       | In its July 2001 *Report to Congressional    |
|                       | Committees*, the U.S. General Accounting     |
|                       | Office reported OMHAR's projection that the  |
|                       | M2M program would save the federal           |
|                       | government \$563 million over 20 years on    |
|                       | properties that were restructured as of June |
|                       | 15, 2001. Through October 2003, the PAEs     |
|                       | completed approximately 2,011 deals. H.R.    |
|                       | 3061/Public Law 107-116 extended OMHAR       |
|                       | through September 30, 2004. It is            |
|                       | anticipated that the PAEs will complete an   |
|                       | additional 540 restructurings in that        |
|                       | period.                                      |
|                       |                                              |
|                       | To obtain a more comprehensive assessment of |
|                       | the PAEs' activities, OMHAR engaged Regis &  |
|                       | Associates, PC to perform eleven             |
|                       | Agreed-Upon-Procedures (AUP) reviews and six |
|                       | compliance audits of PAEs to enhance its     |
|                       | oversight and evaluation of the M2M program. |
|                       | This report documents the consolidated work  |
|                       | performed and the results thereof.           |
+-----------------------+----------------------------------------------+
| ## Objectives, S      | OMHAR engaged Regis & Associates, PC to      |
| cope, and Methodology | perform compliance audits and AUP reviews of |
|                       | PAEs to enhance its oversight and evaluation |
|                       | of these organizations under the M2M         |
|                       | Program. The focus of our work was to        |
|                       | determine whether the PAEs complied with the |
|                       | major requirements of the PRA, the OPG, and  |
|                       | the significant provisions of applicable     |
|                       | laws and regulations during the period June  |
|                       | 1, 2002 to May 31, 2003. Regis & Associates, |
|                       | PC was not engaged to form a judgment as to  |
|                       | the economic benefit or worth of the         |
|                       | restructuring transactions that have been    |
|                       | executed. Moreover, our report does not      |
|                       | provide a legal determination of PAEs'       |
|                       | compliance with the requirements identified  |
|                       | above. Our work was designed to test         |
|                       | procedural compliance with these             |
|                       | requirements. In addition, the evaluation    |
|                       | addresses the following secondary            |
|                       | objectives:                                  |
|                       |                                              |
|                       | 1.  The determination of the completeness    |
|                       |     and organization of the product files as |
|                       |     required by the PRA and OPG.             |
|                       |                                              |
|                       | 2.  The determination of the completeness of |
|                       |     data and procedural compliance with the  |
|                       |     processes required by the PRA and OPG.   |
|                       |                                              |
|                       | 3.  The determination of the accuracy of the |
|                       |     event dates in the PAEs' documents and   |
|                       |     the MIS tracking reports.                |
|                       |                                              |
|                       | In the process of selecting PAEs and assets  |
|                       | for testing, we applied stratified random    |
|                       | sampling techniques. The assets at a given   |
|                       | PAE constituted a single stratum. We         |
|                       | constructed simple random samples from a     |
|                       | representative subset of the PAEs in the     |
|                       | population.[^5] We determined that visiting  |
|                       | 17 PAEs and sampling 145 restructuring       |
|                       | transactions would provide sufficient data   |
|                       | to compute average exceptions with a 99%     |
|                       | confidence interval. Our selected sample of  |
|                       | 145 transactions comprised both "Closed" and |
|                       | "Action Other Than Closing" (AOTC) Full      |
|                       | transactions.                                |
|                       |                                              |
|                       | We reviewed applicable laws, implementing    |
|                       | regulations, policies, and pertinent         |
|                       | documents in order to obtain an              |
|                       | understanding of the M2M Program, its        |
|                       | requirements, and the PAEs' and OMHAR's      |
|                       | responsibilities. We reviewed *OMHAR's       |
|                       | Agreed-Upon Procedures Workplan Checklist*   |
|                       | and designed additional procedures for the   |
|                       | compliance audits.                           |
|                       |                                              |
|                       | We coordinated our fieldwork with OMHAR and  |
|                       | interviewed the PAEs' officials designated   |
|                       | as our contacts for the AUP reviews and      |
|                       | compliance audits. We designed these         |
|                       | interviews to obtain an understanding of the |
|                       | PAEs' policies and procedures for internal   |
|                       | control, procurement, training, and file     |
|                       | maintenance that affect their operations in  |
|                       | the M2M Program. We requested that the PAEs  |
|                       | provide documents and information on the     |
|                       | performance of the required restructuring    |
|                       | activities for the selected assets. We       |
|                       | obtained confirmation that the documents and |
|                       | files provided were accurate and complete.   |
|                       | The data requested and evaluated for         |
|                       | compliance included:                         |
|                       |                                              |
|                       | 1.  Documents constituting the credit file,  |
|                       |     contract file, and closing file.         |
|                       |                                              |
|                       | 2.  Documents detailing the eleven primary   |
|                       |     processes in the PAEs' restructuring     |
|                       |     function; namely, training, conflict of  |
|                       |     interest notifications, owner            |
|                       |     eligibility reviews, tenant/owner        |
|                       |     meetings and required notices, due       |
|                       |     diligence/data collection, underwriting, |
|                       |     restructure approvals, closing,          |
|                       |     documentation distribution and           |
|                       |     conversion, procurement                  |
|                       |     processes/oversight of third party       |
|                       |     contractors, and OMHAR invoicing.        |
|                       |                                              |
|                       | 3.  Documents detailing the dates that       |
|                       |     events occurred as indicated in the      |
|                       |     PAEs' file documents and the MIS         |
|                       |     tracking reports.                        |
|                       |                                              |
|                       | We reviewed and tested the restructuring     |
|                       | records and other evidential matter          |
|                       | attesting to the PAEs' restructuring         |
|                       | activities.                                  |
|                       |                                              |
|                       | In addition, we assessed the PAEs' risk of   |
|                       | noncompliance, evaluated their internal      |
|                       | controls, and performed other audit          |
|                       | procedures in conducting the six compliance  |
|                       | audits. The objectives of the audits were to |
|                       | test the PAEs' compliance with the           |
|                       | significant provisions of 24CFR §401, to     |
|                       | identify instances of noncompliance, and to  |
|                       | provide reasonable assurance of compliance   |
|                       | with the M2M Program.                        |
|                       |                                              |
|                       | At the completion of fieldwork, we briefed   |
|                       | OMHAR and the PAE officials on the results   |
|                       | of our work. Additionally, we prepared       |
|                       | individual report for each of the 17 PAEs    |
|                       | presenting the findings and recommendations. |
|                       | The Nationwide Results presented in this     |
|                       | report represent the projected results of    |
|                       | the test work from our sample of 17 PAEs and |
|                       | 145 Assets. We conducted these reviews and   |
|                       | audits from June 2003 through November 2003. |
|                       | Our work was conducted in accordance with    |
|                       | *Government Auditing Standards and Generally |
|                       | Accepted Auditing Standards*.                |
+-----------------------+----------------------------------------------+

+--------------------+-------------------------------------------------+
| # RESULTS          |                                                 |
+--------------------+-------------------------------------------------+
| ## PAE Profile     | As illustrated in Table 1 below, we selected 17 |
|                    | PAEs for our review - six for compliance audits |
|                    | and eleven for AUP reviews. We selected a       |
|                    | sample of 145 assets comprising 57 and 88       |
|                    | transactions for the compliance audits and AUP  |
|                    | reviews, respectively.                          |
|                    |                                                 |
|                    | #### Ta                                         |
|                    | ble 1: Samples Selected and Reviewed Statistics |
|                    |                                                 |
|                    | +------------------+-------+-------+-------+    |
|                    | |                  | ###   |       | #     |    |
|                    | |                  |  Type |       | ####  |    |
|                    | |                  |  of C |       | Total |    |
|                    | |                  | ompli |       |       |    |
|                    | |                  | ance  |       |       |    |
|                    | |                  | Tests |       |       |    |
|                    | +------------------+-------+-------+-------+    |
|                    | |                  | ###   | **AUP |       |    |
|                    | |                  | Audit | Rev   |       |    |
|                    | |                  |       | iew** |       |    |
|                    | +------------------+-------+-------+-------+    |
|                    | | PAEs Reviewed    | 6     | 11    | *     |    |
|                    | |                  |       |       | *17** |    |
|                    | +------------------+-------+-------+-------+    |
|                    | | Full Assets      | 57    | 88    | **    |    |
|                    | | Reviewed         |       |       | 145** |    |
|                    | +------------------+-------+-------+-------+    |
|                    | | Occurrences of   | 157   | 216   | **    |    |
|                    | | Noncompliance    |       |       | 373** |    |
|                    | +------------------+-------+-------+-------+    |
|                    | | Population of    | 214   | 341   | **    |    |
|                    | | Full Assets      |       |       | 555** |    |
|                    | +------------------+-------+-------+-------+    |
|                    |                                                 |
|                    | The work performed, and the results thereof,    |
|                    | are based on asset sample coverage of           |
|                    | approximately 25%.[^6]                          |
|                    |                                                 |
|                    | Our PAE sample includes ten public and seven    |
|                    | private PAEs. As illustrated in Figure 3 below, |
|                    | we performed compliance audits of three public  |
|                    | and three private PAEs. We performed AUP        |
|                    | reviews of seven public and four private PAEs.  |
|                    |                                                 |
|                    | ####                                            |
|                    |                                                 |
|                    | **Figure 3: Types of PAEs Tested**              |
|                    |                                                 |
|                    | ![](media/image5.wmf)                           |
+--------------------+-------------------------------------------------+
| ##                 | Of the 145 Full assets tested, 120 were         |
|                    | "Closed" and 25 were "Action Other Than Closing |
|                    | " (AOTC). As a part of the compliance audits,   |
|                    | we tested 47 "Closed" assets and 10 "AOTC"      |
|                    | assets. As a part of the AUP reviews, we tested |
|                    | 73 "Closed" assets and 15 "AOTC" assets. These  |
|                    | distributions are illustrated in Figure 4.      |
|                    |                                                 |
|                    | Figure 4: Full Restructuring Assets Tested      |
|                    |                                                 |
|                    | ![](media/image6.wmf)                           |
+--------------------+-------------------------------------------------+
| ## Review Findings | #### In our audits and reviews, we noted m      |
|                    | anagement practices and conditions that could b |
|                    | e improved to enhance the efficiency and effect |
|                    | iveness of the Program. We reported our finding |
|                    | s and other matters for consideration to OMHAR  |
|                    | and each PAE in the individual review reports.  |
|                    |                                                 |
|                    | For this report, we have classified the         |
|                    | findings and their frequency into three classes |
|                    | of noncompliance as identified below:           |
|                    |                                                 |
|                    | Class 1 - Findings of Noncompliance in the      |
|                    | Reporting Process                               |
|                    |                                                 |
|                    | #### Class 2 -                                  |
|                    |  Findings of Noncompliance in the Project Files |
|                    |                                                 |
|                    | #### Class 3 - Findi                            |
|                    | ngs of Noncompliance in the Procurement Process |
|                    |                                                 |
|                    | We report these findings based on the nature of |
|                    | the engagement in which they were identified.   |
+--------------------+-------------------------------------------------+
| ## Class 1 -- R    | Class 1 comprises findings of noncompliance     |
| eporting Timelines | with applicable M2M Program policies for        |
|                    | stipulated timelines. These timelines relate to |
|                    | the performance of certain required activities  |
|                    | in the restructuring process. The results of    |
|                    | our test work indicated that the overall        |
|                    | compliance rate was 86.7%. Alternatively, this  |
|                    | equates to a noncompliance rate of 13.3%. As    |
|                    | shown in Table 2, the frequency of              |
|                    | noncompliance with stipulated timelines ranged  |
|                    | from 4 to 80 occurrences. The distribution of   |
|                    | these findings into the compliance audit and    |
|                    | AUP reviews is presented in Figure 5.           |
|                    |                                                 |
|                    | While all the findings in this Class relate to  |
|                    | timing requirements, five of these findings     |
|                    | relate to specific requirements, each of which  |
|                    | has a significantly different effect on the     |
|                    | restructuring process.                          |
|                    |                                                 |
|                    | The failure to hold the 2^nd^ tenants meeting   |
|                    | not less than 10 days prior to submitting the   |
|                    | restructuring plan deprives tenants of their    |
|                    | final opportunity to review the plan and        |
|                    | present any additional issues for inclusion. It |
|                    | is HUD's and OMHAR's policy to accord tenants   |
|                    | the maximum opportunity for consideration of    |
|                    | their comments. The 2^nd^ tenants meeting       |
|                    | requirement is an OPG requirement, designed to  |
|                    | accord the PAE ample time to consider any final |
|                    | tenant concerns, modify the plan as necessary,  |
|                    | and submit the plan to OMHAR in a timely        |
|                    | manner.                                         |
|                    |                                                 |
|                    | The closing process for a restructuring         |
|                    | generates a large number of legal documents     |
|                    | necessary to define each party's rights and     |
|                    | obligations and to record them with the local   |
|                    | or state governments. To close a transaction    |
|                    | promptly, it is necessary for the PAE to        |
|                    | assemble the final closing documents and        |
|                    | distribute them to the appropriate parties      |
|                    | within the 65-day limit as specified in the     |
|                    | OPG. PAEs may distribute recorded documents     |
|                    | later, provided they include a copy of the      |
|                    | non-recorded document in the closing docket.    |
|                    | Failure to provide the Hubs and Program Centers |
|                    | with key provisions of the transaction would    |
|                    | limit their ability to properly execute their   |
|                    | role in project management.                     |
|                    |                                                 |
|                    | The failure to close a property within the      |
|                    | 365-day limit may necessitate additional        |
|                    | Section 8 expenditures until the restructuring  |
|                    | is complete. HUD may continue such payments for |
|                    | up to one year.                                 |
|                    |                                                 |
|                    | The PRA requires the PAE to complete the due    |
|                    | diligence within the 150- day limit and submit  |
|                    | the restructuring plan within the 210-day limit |
|                    | of the date that the property was assigned for  |
|                    | restructuring. Failure by the PAE to meet the   |
|                    | specified timelines constitutes a default under |
|                    | the agreement and undermines the effectiveness  |
|                    | and efficiency of the M2M Program. It was noted |
|                    | that some delays resulted from the flow of      |
|                    | documentation from the Owner.                   |
+--------------------+-------------------------------------------------+
| ##                 | ####                                            |
|                    |                                                 |
|                    | #### T                                          |
|                    | able 2: Class 1 -- Reporting Timelines Findings |
|                    |                                                 |
|                    | +--------------------------------+---+------+   |
|                    | | **Stipulated Timelines**       | * |      |   |
|                    | |                                | * |      |   |
|                    | |                                | F |      |   |
|                    | |                                | i |      |   |
|                    | |                                | n |      |   |
|                    | |                                | d |      |   |
|                    | |                                | i |      |   |
|                    | |                                | n |      |   |
|                    | |                                | g |      |   |
|                    | |                                | s |      |   |
|                    | |                                | o |      |   |
|                    | |                                | f |      |   |
|                    | |                                | N |      |   |
|                    | |                                | o |      |   |
|                    | |                                | n |      |   |
|                    | |                                | c |      |   |
|                    | |                                | o |      |   |
|                    | |                                | m |      |   |
|                    | |                                | p |      |   |
|                    | |                                | l |      |   |
|                    | |                                | i |      |   |
|                    | |                                | a |      |   |
|                    | |                                | n |      |   |
|                    | |                                | c |      |   |
|                    | |                                | e |      |   |
|                    | |                                | * |      |   |
|                    | |                                | * |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **OPG Timeline Requirement**   |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **A**: PAEs did not hold the   |   | 27   |   |
|                    | | second tenant meeting at least |   |      |   |
|                    | | 10 days                        |   |      |   |
|                    | |                                |   |      |   |
|                    | | prior submission of the        |   |      |   |
|                    | | restructuring plan             |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **B**: PAEs did not distribute |   | 55   |   |
|                    | | the closing docket within 65   |   |      |   |
|                    | | days of transaction closing    |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **PRA Timeline Requirement**   |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **C**: PAEs did not close the  |   | 30   |   |
|                    | | transaction within 365 days    |   |      |   |
|                    | | from the assignment date       |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **D**: PAEs did not submit     |   | 80   |   |
|                    | | plan within 210 days from the  |   |      |   |
|                    | | assignment date                |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **E**: PAEs did not complete   |   | 19   |   |
|                    | | due diligence within 150 days  |   |      |   |
|                    | | from                           |   |      |   |
|                    | |                                |   |      |   |
|                    | | the assignment date            |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **F**: Other -- default in     |   | 4    |   |
|                    | | miscellaneous timeline         |   |      |   |
|                    | | reporting with                 |   |      |   |
|                    | |                                |   |      |   |
|                    | | frequency less than 5          |   |      |   |
|                    | +--------------------------------+---+------+   |
|                    | | **Total**                      |   | **2  |   |
|                    | |                                |   | 15** |   |
|                    | +--------------------------------+---+------+   |
+--------------------+-------------------------------------------------+
| ##                 | ####                                            |
|                    |                                                 |
|                    | **Figure 5: Class 1 -- AUP Review and           |
|                    | Compliance Audit Reporting Timelines**          |
|                    |                                                 |
|                    | **Failures**                                    |
|                    |                                                 |
|                    | ![](media/image7.wmf)                           |
+--------------------+-------------------------------------------------+
| ## Class 2 -- Pro  | Class 2 comprises findings of noncompliance     |
| ject File Products | with M2M Program policies and procedures        |
|                    | relating to restructuring documentation. OMHAR  |
|                    | requires PAEs to retain certain documents in    |
|                    | the project files for each asset processed. The |
|                    | results of our test work indicated that the     |
|                    | PAEs failed to comply with eight requirements   |
|                    | for documentation. As shown in Table 3, of the  |
|                    | 145 assets tested, the frequency of             |
|                    | noncompliance for each documentation            |
|                    | requirement ranged from less than 5 to 44 per   |
|                    | category of documentation. The frequency of the |
|                    | findings, by engagement type, is presented in   |
|                    | Table 3 and Figure 6 below.                     |
|                    |                                                 |
|                    | The rate of compliance for each OMHAR           |
|                    | requirement in this Class of findings was over  |
|                    | 96%, with the exception of the requirement for  |
|                    | Form 4.7 Physical Condition Assessment (PCA)    |
|                    | Adoption. As noted in Table 3 below, this       |
|                    | requirement represents the most significant     |
|                    | finding in this category. Although 11 of the 17 |
|                    | PAEs reviewed failed to meet the Form 4.7 PCA   |
|                    | requirement, the predominance of the            |
|                    | occurrences relate to one PAE and one Owner     |
|                    | with multiple properties.                       |
|                    |                                                 |
|                    | The lack of an Owner's evaluation of the        |
|                    | physical condition or adoption of the PAE's PCA |
|                    | by signing the Form 4.7 results in a failure to |
|                    | meet the statutory requirement in MAHRA. Many   |
|                    | Owners will not incur the costs associated with |
|                    | performing their own physical assessments of    |
|                    | property condition, thereby implicitly relying  |
|                    | on the PAE's PCA. The PAE's PCA is performed    |
|                    | early in the restructuring process, and its     |
|                    | findings serve as the basis for determining and |
|                    | scheduling the capital improvements deemed      |
|                    | necessary to maintain the property. These costs |
|                    | are included in the restructuring plan to       |
|                    | ensure that the Owner formally acknowledges the |
|                    | current property condition, along with the plan |
|                    | to address any repair or replacement            |
|                    | requirements over the life of the Use           |
|                    | Agreement.                                      |
|                    |                                                 |
|                    | It was noted that Owners are reluctant to       |
|                    | accept the PCA as it does not always address    |
|                    | matters to their specification. In some cases,  |
|                    | enforcing the execution of the Form 4.7 is      |
|                    | sometimes accomplished by an Owner signing the  |
|                    | Restructuring Commitment and agreeing to        |
|                    | furnish it immediately preceding the Closing.   |
|                    | Although OMHAR included this process in the new |
|                    | version (01/31/03) of the Restructuring         |
|                    | Commitment, the Owners still failed to execute  |
|                    | the Form 4.7.                                   |
|                    |                                                 |
|                    | The other findings of noncompliance in this     |
|                    | Class, which represent the remaining seven      |
|                    | requirements, relate to missing documentation   |
|                    | for miscellaneous activities in the             |
|                    | restructuring plan, owner eligibility,          |
|                    | tenant/owner meeting and invoicing. These are   |
|                    | documents necessary to define each party's      |
|                    | rights and obligations in the restructuring     |
|                    | process. Failure to complete them undermines    |
|                    | the efficiency and effectiveness of the M2M     |
|                    | Program.                                        |
+--------------------+-------------------------------------------------+
| ##                 | **Table 3: Class 2 -- Project File Product      |
|                    | Findings**                                      |
|                    |                                                 |
|                    | +---------------------------------+---+-----+   |
|                    | | **Project File Products**       | * |     |   |
|                    | |                                 | * |     |   |
|                    | |                                 | F |     |   |
|                    | |                                 | i |     |   |
|                    | |                                 | n |     |   |
|                    | |                                 | d |     |   |
|                    | |                                 | i |     |   |
|                    | |                                 | n |     |   |
|                    | |                                 | g |     |   |
|                    | |                                 | s |     |   |
|                    | |                                 | o |     |   |
|                    | |                                 | f |     |   |
|                    | |                                 | N |     |   |
|                    | |                                 | o |     |   |
|                    | |                                 | n |     |   |
|                    | |                                 | c |     |   |
|                    | |                                 | o |     |   |
|                    | |                                 | m |     |   |
|                    | |                                 | p |     |   |
|                    | |                                 | l |     |   |
|                    | |                                 | i |     |   |
|                    | |                                 | a |     |   |
|                    | |                                 | n |     |   |
|                    | |                                 | c |     |   |
|                    | |                                 | e |     |   |
|                    | |                                 | * |     |   |
|                    | |                                 | * |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **G**: No documentation of the  |   | 44  |   |
|                    | | owner's evaluation of the       |   |     |   |
|                    | | property's                      |   |     |   |
|                    | |                                 |   |     |   |
|                    | | physical condition or adoption  |   |     |   |
|                    | | of the PAE's PCA                |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **H**: No documentation of the  |   | 24  |   |
|                    | | owner's loan history            |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **I**: No documentation of      |   | 21  |   |
|                    | | related parties                 |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **J**: No documentation of      |   | 9   |   |
|                    | | notification to tenants upon    |   |     |   |
|                    | | completion                      |   |     |   |
|                    | |                                 |   |     |   |
|                    | | of restructuring plan           |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **K**: No documentation of      |   | 16  |   |
|                    | | notification to local           |   |     |   |
|                    | | government upon                 |   |     |   |
|                    | |                                 |   |     |   |
|                    | | completion of restructuring     |   |     |   |
|                    | | plan                            |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **L**: No documentation of      |   | 5   |   |
|                    | | request for information from    |   |     |   |
|                    | | HUD                             |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **M**: No supporting            |   | 5   |   |
|                    | | documentation of billings for   |   |     |   |
|                    | | work performed                  |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **N**: Other - no documentation |   | 11  |   |
|                    | | for miscellaneous restructuring |   |     |   |
|                    | |                                 |   |     |   |
|                    | | activities with a frequency of  |   |     |   |
|                    | | less than 5                     |   |     |   |
|                    | +---------------------------------+---+-----+   |
|                    | | **Total**                       |   | *   |   |
|                    | |                                 |   | *13 |   |
|                    | |                                 |   | 5** |   |
|                    | +---------------------------------+---+-----+   |
+--------------------+-------------------------------------------------+
| ##                 | ####                                            |
|                    |                                                 |
|                    | ####                                            |
|                    |                                                 |
|                    | #### Figure 6: Class 2 -- AUP Review and        |
|                    |  Compliance Audit Project File Product Failures |
|                    |                                                 |
|                    | ![](media/image8.wmf)                           |
+--------------------+-------------------------------------------------+
| ## Class 3 -- Pr   | Class 3 comprises findings of noncompliance     |
| ocurement Process  | with applicable M2M Program policies and        |
|                    | procedures for procurement. OMHAR requires PAEs |
|                    | to obtain at least three bids in their          |
|                    | procurement process or obtain prior approval    |
|                    | for any alternative procurement procedures that |
|                    | they adopt. Our results indicated that five     |
|                    | PAEs failed to comply with this requirement in  |
|                    | 23 of the 145 assets tested[^7]. Nineteen of    |
|                    | these occurrences were identified in the        |
|                    | compliance audits, and four were identified in  |
|                    | the AUP reviews as noted in Figure 7 below.     |
+--------------------+-------------------------------------------------+
| ##                 | Figure 7: Class 3 -- AUP Review and Compliance  |
|                    | Audit Procurement Failures                      |
|                    |                                                 |
|                    | ![](media/image9.wmf)                           |
+--------------------+-------------------------------------------------+
| ##                 | The results of our review of the sampled PAEs   |
| Nationwide Results | and assets are projected to the entire PAE and  |
|                    | asset populations. The cumulative results of    |
|                    | our test work offer significant perspective on  |
|                    | the PAEs' compliance with the laws,             |
|                    | regulations, and guidelines of the M2M Program. |
|                    |                                                 |
|                    | We present the projected results according to   |
|                    | the classes of findings and their related       |
|                    | attributes. Based on the attributes tested, we  |
|                    | estimate that Timeline Reporting had a          |
|                    | compliance rate of 87%, Project Files Products  |
|                    | had a compliance rate ranging from 95% to 100%  |
|                    | and Procurement Process had a compliance rate   |
|                    | of 96%. The compliance rates identified above   |
|                    | indicate that the PAEs are substantially        |
|                    | adhering to the requirements of the OPG, the    |
|                    | PRA and the MAHRA on a nationwide basis. They   |
|                    | further indicate that OMHAR has been            |
|                    | effectively monitoring the PAEs' M2M            |
|                    | restructuring activities.                       |
|                    |                                                 |
|                    | A description of each attribute tested and the  |
|                    | projected results is detailed                   |
|                    |                                                 |
|                    | below:                                          |
|                    |                                                 |
|                    | **Class 1 -- Reporting Timeline Process:**      |
|                    |                                                 |
|                    | -   [Attribute: Timing]{.underline}             |
|                    |                                                 |
|                    | > We verified the accuracy of the reported      |
|                    | > critical dates. We estimate that the          |
|                    | > exception rate for this attribute is 12.32%;  |
|                    | > and, in addition, we are 99% confident that   |
|                    | > the true exception rate as a whole is not     |
|                    | > more than 13.33%.                             |
|                    |                                                 |
|                    | **Class 2 -- Project File Products:**           |
|                    |                                                 |
|                    | -   [Attribute: Restructuring Plan              |
|                    |     Package]{.underline}                        |
|                    |                                                 |
|                    | > We verified the existence of narrative on     |
|                    | > PAE's conclusion on ownership, market rents,  |
|                    | > net operating income, mortgage information    |
|                    | > and evaluation of the physical condition of   |
|                    | > the property. We estimate that the exception  |
|                    | > rate for this attribute is 4.78%; and, in     |
|                    | > addition, we are 99% confident that the true  |
|                    | > exception rate as a whole is not more than    |
|                    | > 5.33%.                                        |
|                    |                                                 |
|                    | -   [Attribute: Tenant and Community            |
|                    |     Comments]{.underline}                       |
|                    |                                                 |
|                    | > We confirmed tenant and community comments    |
|                    | > for 1^st^ and 2^nd^ tenant meetings. We       |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0%; and, in addition, we are 99% |
|                    | > confident that the true exception rate as a   |
|                    | > whole is not more than 0%.                    |
|                    |                                                 |
|                    | -   [Attribute: Supporting                      |
|                    |     Materials]{.underline}                      |
|                    |                                                 |
|                    | > We confirmed that the PAE documented          |
|                    | > information on rental                         |
|                    | >                                               |
|                    | > assistance and assessment plan and            |
|                    | > discussions of waivers. We                    |
|                    | >                                               |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0%; and, in                      |
|                    | >                                               |
|                    | > addition, we are 99% confident that the true  |
|                    | > exception rate as a                           |
|                    | >                                               |
|                    | > whole is not more than 0%.                    |
|                    |                                                 |
|                    | -   [Attribute: Information Form                |
|                    |     5.2]{.underline}                            |
|                    |                                                 |
|                    | > We verified the existence of documentation    |
|                    | > relating Form 5.2 package, three years of     |
|                    | > financial statements, appraisal, PCA,         |
|                    | > restructuring commitment, FHA and mortgage    |
|                    | > firm commitment. We estimate that the         |
|                    | > exception rate for this attribute is 0%; and, |
|                    | > in addition, we are 99% confident that the    |
|                    | > true exception rate as a whole is not more    |
|                    | > than 0%.                                      |
|                    |                                                 |
|                    | -   [Attribute: Owner's Package]{.underline}    |
|                    |                                                 |
|                    | > We verified the existence of ownership        |
|                    | > documentation including loan history          |
|                    | > statement, related party check, insurance,    |
|                    | > major repairs, subordinate debt and use       |
|                    | > restriction and agreements. We estimate that  |
|                    | > the exception rate for this attribute is      |
|                    | > 3.63%; and, in addition, we are 99% confident |
|                    | > that the true exception rate as a whole is    |
|                    | > not more than 4.28%.                          |
|                    |                                                 |
|                    | -   [Attribute: Other]{.underline}              |
|                    |                                                 |
|                    | > We verified the existence of miscellaneous    |
|                    | > restructuring documentation including asset   |
|                    | > information from HUD, code compliance,        |
|                    | > expense data, property management, evaluation |
|                    | > on management, loan application and evidence  |
|                    | > of recommendation, approval or rejection of   |
|                    | > restructuring plan and commitment. We         |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0.27%; and, in addition, we are  |
|                    | > 99% confident that the true exception rate as |
|                    | > a whole is not more than 0.48%.               |
|                    |                                                 |
|                    | -   [Attribute: Closing File]{.underline}       |
|                    |                                                 |
|                    | > We verified the existence of closing file     |
|                    | > correspondences, notifications and            |
|                    | > certifications relating to closing            |
|                    | > activities. We estimate that the true         |
|                    | > exception rate for this attribute is 0%; and, |
|                    | > in addition, we are 99% confident that the    |
|                    | > true exception rate as a whole is not more    |
|                    | > than 0%.                                      |
|                    |                                                 |
|                    | -   [Attribute: Closing Docket]{.underline}     |
|                    |                                                 |
|                    | > We verified the completeness of the closing   |
|                    | > docket including the transmittal letter and   |
|                    | > documentation related to mortgage,            |
|                    | > rehabilitation funding, multifamily claims,   |
|                    | > insurance, Use Agreements, Section 8          |
|                    | > documents, and additional documents. We       |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0.04%; and, in addition, we are  |
|                    | > 99% confident that the true exception rate as |
|                    | > a whole is not more than 0.10%.               |
|                    |                                                 |
|                    | -   [Attribute: Contract File]{.underline}      |
|                    |                                                 |
|                    | > We verified the PAEs' possession of the PRA,  |
|                    | > monthly reports, conflict of interest and     |
|                    | > civil rights certifications, key contract     |
|                    | > personnel and copy of the most recent audit   |
|                    | > report. We estimate that the true exception   |
|                    | > rate for this attribute is 0.44%; and, in     |
|                    | > addition, we are 99% confident that the true  |
|                    | > exception rate as a whole is not more than    |
|                    | > 0.50%.                                        |
|                    |                                                 |
|                    | -   [Attribute: Training]{.underline}           |
|                    |                                                 |
|                    | > We confirmed the PAEs participated in         |
|                    | > technical briefings and conducted staff       |
|                    | > training. We estimate that the exception rate |
|                    | > for this attribute is 0%; and, in addition,   |
|                    | > we are 99% confident that the true exception  |
|                    | > rate as a whole is not more than 0%.          |
|                    |                                                 |
|                    | -   [Attribute: Conflict of                     |
|                    |     Interest]{.underline}                       |
|                    |                                                 |
|                    | > We confirmed PAEs had established procedures  |
|                    | > to identify conflict of interest. We estimate |
|                    | > that the exception rate for this attribute is |
|                    | > 0%; and, in addition, we are 99% confident    |
|                    | > that the true exception rate as a whole is    |
|                    | > not more than 0%.                             |
|                    |                                                 |
|                    | -   [Attribute: Owner Eligibility]{.underline}  |
|                    |                                                 |
|                    | > We verified the determination of eligibility  |
|                    | > check and notification to OMHAR. We estimate  |
|                    | > that the exception rate for this attribute is |
|                    | > 0.34%; and, in addition, we are 99% confident |
|                    | > that the true exception rate as a whole is    |
|                    | > not more than 0.34%.                          |
|                    |                                                 |
|                    | -   [Attribute: Tenant/Owner Meetings and       |
|                    |     Required Notices]{.underline}               |
|                    |                                                 |
|                    | > We verified the existence of documentation    |
|                    | > related to tenant and owner communications;   |
|                    | > e.g. kick-off meetings, notices for first and |
|                    | > second tenant meetings, notices to local      |
|                    | > government. We estimate that the true         |
|                    | > exception rate for this attribute is 2.40%;   |
|                    | > and, in addition, we are 99% confident that   |
|                    | > the true exception rate as a whole is not     |
|                    | > more than 2.61%.                              |
|                    |                                                 |
|                    | -   [Attribute: Due Diligence/Data              |
|                    |     Collection]{.underline}                     |
|                    |                                                 |
|                    | > We verified that the PAEs obtained the        |
|                    | > owner's documents, lender records, HUD asset  |
|                    | > management records, financial records, and    |
|                    | > local government records or determined        |
|                    | > whether they can proceed without these. We    |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0%; and, in addition, we are 99% |
|                    | > confident that the true exception rate as a   |
|                    | > whole is not more than 0%.                    |
|                    |                                                 |
|                    | -   [Attribute: Underwriting]{.underline}       |
|                    |                                                 |
|                    | > We verified the existence of documentation    |
|                    | > related to the PAEs' requests for exception   |
|                    | > rent limitation waivers and discussions with  |
|                    | > the Owner, existing mortgage or proposed new  |
|                    | > lender. We estimate that the exception rate   |
|                    | > for this attribute is 0%; and, in addition,   |
|                    | > we are 99% confident that the true exception  |
|                    | > rate as a whole is not more than 0%.          |
|                    |                                                 |
|                    | -   [Attribute: Mortgage Restructure            |
|                    |     Approvals]{.underline}                      |
|                    |                                                 |
|                    | > We verified the submission and approval of    |
|                    | > the restructuring plans and commitment. We    |
|                    | > estimate that the exception rate for this     |
|                    | > attribute is 0%; and, in addition, we are 99% |
|                    | > confident that the true exception rate as a   |
|                    | > whole is not more than 0%.                    |
|                    |                                                 |
|                    | -   [Attribute: Closing]{.underline}            |
|                    |                                                 |
|                    | > We verified the existence of transmittal      |
|                    | > letter with supporting materials and          |
|                    | > documentation related to post closing         |
|                    | > reconciliation. We estimate that the          |
|                    | > exception rate for this attribute is 0%; and, |
|                    | > in addition, we are 99% confident that the    |
|                    | > true exception rate as a whole is not more    |
|                    | > than 0%.                                      |
|                    |                                                 |
|                    | -   [Attribute: Documentation Distribution and  |
|                    |     Conversion]{.underline}                     |
|                    |                                                 |
|                    | > We verified the proper distribution of        |
|                    | > closing documents, the existence of           |
|                    | > acknowledgment letters from pertinent parties |
|                    | > and confirmed post-closing internal review.   |
|                    | > We estimate that the exception rate for this  |
|                    | > attribute is 0.37%; and, in addition, we are  |
|                    | > 99% confident that the true exception rate as |
|                    | > a whole is not more than 0.96%.               |
|                    |                                                 |
|                    | -   [Attribute: OMHAR Invoicing]{.underline}    |
|                    |                                                 |
|                    | > We verified the propriety of the PAEs'        |
|                    | > billings to OMHAR in accordance with the PRA. |
|                    | > We estimate that the exception rate for this  |
|                    | > attribute is 0.60%; and, in addition, we are  |
|                    | > 99% confident that the true exception rate as |
|                    | > a whole is not more than 0.83%.               |
|                    |                                                 |
|                    | -   [Attribute: Other Reporting]{.underline}    |
|                    |                                                 |
|                    | > We verified the submission of semi-annual     |
|                    | > reports regarding restructuring results. We   |
|                    | > estimate that the true exception rate for     |
|                    | > this attribute is 0%; and, in addition, we    |
|                    | > are 99% confident that the true exception     |
|                    | > rate as a whole is not more than 0%.          |
|                    |                                                 |
|                    | **Class 3 -- Procurement Process:**             |
|                    |                                                 |
|                    | -   [Attribute: Procurement                     |
|                    |     Processes]{.underline}                      |
|                    |                                                 |
|                    | > We evaluated the PAEs' procurement process    |
|                    | > for third party contractors. We estimate that |
|                    | > the exception rate for this attribute is      |
|                    | > 3.63%; and, in addition, we are 99% confident |
|                    | > that the true exception rate as a whole is    |
|                    | > not more than 4.31%.                          |
+--------------------+-------------------------------------------------+
| ## Conclusion      | The overall results of our test work indicate   |
|                    | that the PAEs are in substantial compliance     |
|                    | with the restructuring requirements of the M2M  |
|                    | Program. Therefore, we conclude that OMHAR has  |
|                    | been monitoring the nationwide PAE              |
|                    | restructuring activities effectively.           |
|                    |                                                 |
|                    | Although we found substantial compliance with   |
|                    | the restructuring requirements of the M2M       |
|                    | Program, the results of our test work           |
|                    | identified management practices and conditions, |
|                    | which require consideration by OMHAR. Of        |
|                    | particular significance was a finding of        |
|                    | noncompliance with the statutory requirement by |
|                    | MAHRA for the Owner's Evaluation of Physical    |
|                    | Condition.                                      |
|                    |                                                 |
|                    | These findings provide opportunities for        |
|                    | enhancing the restructuring process. OMHAR's    |
|                    | implementation of our recommendations would     |
|                    | enhance the effectiveness of the PAEs'          |
|                    | activities in the restructuring process. These  |
|                    | recommendations are discussed below.            |
+--------------------+-------------------------------------------------+
| ## Recommendations | 1.  **OMHAR Should Enforce the Requirement of   |
|                    |     Owner's Evaluation of Physical Condition or |
|                    |     the Adoption of the PAE's PCA**             |
|                    |                                                 |
|                    | As previously stated in the *Review Results*    |
|                    | Section of this report, there were 44 instances |
|                    | where an Owner's Evaluation of Physical         |
|                    | Condition or the Owner's Adoption of the PAE's  |
|                    | PCA (Form 4.7) was not present. The lack of an  |
|                    | Owner's evaluation of the physical condition or |
|                    | adoption of the PAE's PCA by signing the Form   |
|                    | 4.7 results in a failure to meet the statutory  |
|                    | requirements in MAHRA.                          |
|                    |                                                 |
|                    | The reason for the absence of the OMHAR Form    |
|                    | 4.7 (Owner's Adoption of the PAE's PCA)         |
|                    | findings was generally because the Owners       |
|                    | failed to execute the document when required.   |
|                    | As a result, there is a risk of increased       |
|                    | financial cost because Owners may ultimately    |
|                    | disagree with the PCA and cost or timing of     |
|                    | replacement/repairs and refuse to proceed,      |
|                    | causing the PAEs to modify the plan. This may   |
|                    | also have implications for other elements of a  |
|                    | restructuring.                                  |
|                    |                                                 |
|                    | We recommend that OMHAR enforce the requirement |
|                    | to ensure the receipt of Owner's evaluation of  |
|                    | physical condition or the adoption of the PAE's |
|                    | PCA in the restructuring process for all        |
|                    | transactions. OMHAR should also clearly define  |
|                    | the point at which the Owner must execute the   |
|                    | Form 4.7 in the restructuring process.          |
|                    | Furthermore, we recommend that OMHAR consider   |
|                    | making the condition in the Restructuring       |
|                    | Commitment a one step process for the Owner's   |
|                    | acceptance of the PAE's PCA by eliminating the  |
|                    | subsequent submission of the Form 4.7. This     |
|                    | change should be made after consulting with,    |
|                    | and the concurrence of, OMHAR's counsel.        |
|                    |                                                 |
|                    | 2.  **Controls Over Stipulated Timeline Events  |
|                    |     Need Strengthening**                        |
|                    |                                                 |
|                    | We noted noncompliance with stipulated          |
|                    | timelines as required by the OPG and PRA, with  |
|                    | frequency ranging from less than 4 to 80        |
|                    | occurrences.                                    |
|                    |                                                 |
|                    | Given the impact that noncompliance with        |
|                    | stipulated timelines can have on the efficiency |
|                    | and cost-effectiveness of the M2M Program,      |
|                    | OMHAR and the PAEs should implement additional  |
|                    | measures to promote compliance. This should     |
|                    | include emphasizing to each PAE the importance  |
|                    | of establishing and maintaining a strong system |
|                    | of internal controls designed to track the      |
|                    | critical dates and events to ensure timely      |
|                    | completion of those events. In addition, we     |
|                    | recommend the inclusion of procedures for       |
|                    | requesting extensions or waivers from OMHAR for |
|                    | restructuring events that are not expected to   |
|                    | meet the stipulated timelines.                  |
|                    |                                                 |
|                    | The recent implementation of an automatic       |
|                    | notification system by OMHAR should enhance     |
|                    | communication with the PAEs in instances where  |
|                    | a delay is likely to occur and enforce the      |
|                    | timelines requirements according to the PRA.    |
|                    | The PAEs should work in collaboration with      |
|                    | OMHAR in meeting the stipulated timelines for   |
|                    | completing the restructurings. They should also |
|                    | communicate with OMHAR in advance in the event  |
|                    | of any foreseeable delays in the process. In    |
|                    | the event of such delays, the PAEs must obtain  |
|                    | appropriate time waivers from OMHAR prior to    |
|                    | exceeding the deadlines. We observed that PAEs  |
|                    | are currently submitting waivers after the      |
|                    | fact. OMHAR should consider implementing        |
|                    | procedures whereby waivers are processed more   |
|                    | timely.                                         |
|                    |                                                 |
|                    | 3.  **Document Maintenance in the Restructuring |
|                    |     Process Needs Improvement**                 |
|                    |                                                 |
|                    | Although the OPG describes and details the      |
|                    | required documentation that should be           |
|                    | maintained, we noted instances where PAEs were  |
|                    | either not maintaining files in accordance with |
|                    | the OPG or the documents were not completed or  |
|                    | executed as required. These instances of        |
|                    | noncompliance ranged from less than 5 to 24 per |
|                    | category of documentation.                      |
|                    |                                                 |
|                    | OMHAR should stress the importance of obtaining |
|                    | and maintaining the required documents, as      |
|                    | these are necessary for defining each party's   |
|                    | rights and obligations in the restructuring     |
|                    | process. Some of these documents should be      |
|                    | incorporated into a checklist of items for      |
|                    | review by OMHAR and be subjected to approval as |
|                    | part of the restructuring plan. OMHAR should    |
|                    | also assess the relevance of the documents that |
|                    | are part of the restructuring process and       |
|                    | modify its documentation requirements and       |
|                    | processes accordingly.                          |
|                    |                                                 |
|                    | 4.  **Procurement Requirements for Three-Bids   |
|                    |     Need to Be Enhanced.**                      |
|                    |                                                 |
|                    | The PRA requires PAEs to obtain at least three  |
|                    | bids for their procurements or employ an        |
|                    | alternate competitive procurement process with  |
|                    | prior approval from OMHAR. We noted 23          |
|                    | occurrences (represented by five PAEs) of       |
|                    | noncompliance with this requirement. Some PAEs  |
|                    | were unclear as to whether the requirement was  |
|                    | for each asset and each subcontractor           |
|                    | thereunder or whether they could use contractor |
|                    | pools to avoid multiple procurements for each   |
|                    | service.                                        |
|                    |                                                 |
|                    | We recommend that OMHAR review the procurement  |
|                    | regulations regarding contractors and determine |
|                    | whether there are more effective and allowable  |
|                    | procedures and policies that may be             |
|                    | implemented. This may include providing         |
|                    | guidance to the PAEs on the minimum processes   |
|                    | considered necessary to comply with the         |
|                    | procurement standards.                          |
+--------------------+-------------------------------------------------+
| ## Other Matters   | In conjunction with the performance of          |
|                    | fieldwork on the 17 compliance audits and       |
|                    | Agreed-Upon-Procedures reviews, we observed     |
|                    | several matters that we believe are worthy of   |
|                    | communication to OMHAR's management. These      |
|                    | matters, in connection with the application of  |
|                    | the procedures that we agreed to perform,       |
|                    | depict varying practices by PAEs and require    |
|                    | further consideration by OHMAR. The             |
|                    | distribution of these matters, represented by   |
|                    | the number of PAEs reviewed, is presented in    |
|                    | Table 4 below, followed by recommendations.     |
|                    |                                                 |
|                    | ## Table 4: Other Matters for Reporting         |
|                    |                                                 |
|                    | +--------------------------------+---+-----+    |
|                    | | **Other Matters**              | * |     |    |
|                    | |                                | * |     |    |
|                    | |                                | N |     |    |
|                    | |                                | u |     |    |
|                    | |                                | m |     |    |
|                    | |                                | b |     |    |
|                    | |                                | e |     |    |
|                    | |                                | r |     |    |
|                    | |                                | o |     |    |
|                    | |                                | f |     |    |
|                    | |                                | P |     |    |
|                    | |                                | A |     |    |
|                    | |                                | E |     |    |
|                    | |                                | s |     |    |
|                    | |                                | A |     |    |
|                    | |                                | f |     |    |
|                    | |                                | f |     |    |
|                    | |                                | e |     |    |
|                    | |                                | c |     |    |
|                    | |                                | t |     |    |
|                    | |                                | e |     |    |
|                    | |                                | d |     |    |
|                    | |                                | * |     |    |
|                    | |                                | * |     |    |
|                    | +--------------------------------+---+-----+    |
|                    | | ### Subsidy layering           |   | 6   |    |
|                    | | review not properly documented |   |     |    |
|                    | +--------------------------------+---+-----+    |
|                    | | ### Code co                    |   | 13  |    |
|                    | | mpliance not formally obtained |   |     |    |
|                    | +--------------------------------+---+-----+    |
|                    | | Easement and joint use         |   | 7   |    |
|                    | | agreement not formally         |   |     |    |
|                    | | obtained                       |   |     |    |
|                    | +--------------------------------+---+-----+    |
|                    | | Preliminary title report --    |   | 7   |    |
|                    | | title report obtained only at  |   |     |    |
|                    | | closing                        |   |     |    |
|                    | +--------------------------------+---+-----+    |
|                    | | Timeline waivers obtained      |   | 2   |    |
|                    | | after the event deadline       |   |     |    |
|                    | +--------------------------------+---+-----+    |
|                    |                                                 |
|                    | **Subsidy Layering Review Should be Formally    |
|                    | Documented**                                    |
|                    |                                                 |
|                    | We noted inconsistent documentation and         |
|                    | reporting standards of PAEs'                    |
|                    |                                                 |
|                    | results of subsidiary layering reviews. Some    |
|                    | PAEs did not formally                           |
|                    |                                                 |
|                    | document their review process in the submission |
|                    | to OMHAR while                                  |
|                    |                                                 |
|                    | others merely noted that there were no subsidy  |
|                    | layering issues to be                           |
|                    |                                                 |
|                    | considered. Subsidy layering review is a        |
|                    | statutory requirement designed to prevent       |
|                    | multiple funding sources for the same property  |
|                    | and ensure that the property does not receive   |
|                    | more financial assistance than required. Owners |
|                    | are required to disclose such funding, and the  |
|                    | PAEs must ensure that all sources have been     |
|                    | identified and reflected in the Source and Use  |
|                    | Statement.                                      |
|                    |                                                 |
|                    | We recommend that OMHAR emphasize that the PAEs |
|                    | specifically report the analysis performed and  |
|                    | whether that analysis identified any subsidy    |
|                    | issues to be addressed in the restructuring     |
|                    | plan. The OMHAR guidance might also suggest     |
|                    | standardized wording to report the existence or |
|                    | nonexistence of subsidy layering. We also       |
|                    | recommend that the verification of this matter  |
|                    | be undertaken as part of transaction approval.  |
|                    |                                                 |
|                    | **Code Compliance Information Should be         |
|                    | Adequately Documented**                         |
|                    |                                                 |
|                    | We noted varying PAE practices for reporting    |
|                    | code compliance issues.                         |
|                    |                                                 |
|                    | In some cases, the PCA report indicated that    |
|                    | local officials were contacted and also         |
|                    | reported that there were no violations.         |
|                    | However, in those cases the report typically    |
|                    | gave no details about the agencies or           |
|                    | individuals providing the information. In other |
|                    | cases, the PCA merely reported that the         |
|                    | inspector noted no conditions that appeared to  |
|                    | be violations. The OPG requires PAEs to         |
|                    | communicate with the appropriate authorities to |
|                    | obtain information regarding a project's        |
|                    | compliance with applicable codes. Because       |
|                    | building codes vary from location to location,  |
|                    | an inspector may not be sufficiently familiar   |
|                    | with local codes to identify all code           |
|                    | violations by observation only. Further,        |
|                    | property owners or managers may have attempted  |
|                    | repairs or hidden violations from view.         |
|                    |                                                 |
|                    | OMHAR should require that PAEs obtain adequate  |
|                    | documentation,                                  |
|                    |                                                 |
|                    | in the form of letters or memos, from local or  |
|                    | state authorities describing                    |
|                    |                                                 |
|                    | any violations unabated at the time, including  |
|                    | a history of recent corrected violations. If    |
|                    | PAEs delegate this task to the PCA Inspector,   |
|                    | the PCA should clearly address code compliance  |
|                    | in a separate section of the report to include  |
|                    | the name of the regulatory agency contacted,    |
|                    | individuals' titles, date, and other            |
|                    | identifying information.                        |
|                    |                                                 |
|                    | Preliminary Title Report and Use Restriction    |
|                    | Should be Obtained as                           |
|                    |                                                 |
|                    | Part of the Due Diligence Documentation         |
|                    |                                                 |
|                    | We noted instances where the PAEs do not obtain |
|                    | a preliminary title report in the initial phase |
|                    | of the restructuring process. On request for a  |
|                    | title report from Owners, PAEs are sometime     |
|                    | provided with copies from the original loan     |
|                    | documents. Over the years, the Owners may have  |
|                    | granted property rights such as easements to    |
|                    | utility companies or may have had liens placed  |
|                    | against the property for unpaid bills or taxes. |
|                    | These conditions may affect the project so      |
|                    | severely as to cause OMHAR to terminate the     |
|                    | proposed restructuring. OMHAR, however, cannot  |
|                    | make a determination regarding title issues     |
|                    | without information in the form of a current    |
|                    | title report.                                   |
|                    |                                                 |
|                    | We recommend that OMHAR ensure that the PAEs    |
|                    | request and obtain                              |
|                    |                                                 |
|                    | the preliminary title report and address any    |
|                    | Easements and Joint Use                         |
|                    |                                                 |
|                    | Agreements from the Owners as a part of the due |
|                    | diligence phase. In the event that there are no |
|                    | Easements or Joint Use Agreements, the lack     |
|                    | thereof should be formally documented in the    |
|                    | files. We also recommend that subsequent        |
|                    | revisions to Chapter 4-7D of the OPG            |
|                    | incorporate guidance as provided by the         |
|                    | Resource Desk broadcast dated 08/01/2001.       |
|                    |                                                 |
|                    | **Timeline Waivers and MIS Reporting Processes  |
|                    | Should be**                                     |
|                    |                                                 |
|                    | **Improved**                                    |
|                    |                                                 |
|                    | We noted instances in which PAEs obtained time  |
|                    | waivers after the                               |
|                    |                                                 |
|                    | milestone had passed. In other cases, the MIS   |
|                    | critical data reports were                      |
|                    |                                                 |
|                    | not modified to indicate the processing         |
|                    | suspension for some reassigned                  |
|                    |                                                 |
|                    | properties or properties placed on hold. The    |
|                    | waivers and reassignment documents in these     |
|                    | cases indicated the correct dates and           |
|                    | milestones; but, because of limitations of the  |
|                    | MIS system, the dates could not be entered      |
|                    | without deleting previous data on the property. |
|                    | Accurate reporting and adherence to established |
|                    | timelines are critical to ensuring that         |
|                    | restructuring is completed efficiently and      |
|                    | effectively.                                    |
|                    |                                                 |
|                    | We recommend that OMHAR emphasize PAEs'         |
|                    | responsibility to                               |
|                    |                                                 |
|                    | internally monitor their progress and to        |
|                    | request waivers in advance of the               |
|                    |                                                 |
|                    | milestone and not after the past due date       |
|                    | stipulated in the PRA. When the                 |
|                    |                                                 |
|                    | waiver extensions are received, OMHAR should    |
|                    | ensure that they are processed on time and      |
|                    | clearly indicate the extended date, number of   |
|                    | days allowed, and the specific definition of    |
|                    | waiver approved.                                |
|                    |                                                 |
|                    | With regards to the MIS system, which supports  |
|                    | OMHAR's management                              |
|                    |                                                 |
|                    | and internal and external reporting on Program  |
|                    | statistics, we recommend                        |
|                    |                                                 |
|                    | that OMHAR review the MIS data fields and the   |
|                    | parameters for entering                         |
|                    |                                                 |
|                    | milestones to ensure that the management        |
|                    | reports accurately reflect the                  |
|                    |                                                 |
|                    | status of each restructuring. We recommend that |
|                    | additional input fields be added in the MIS     |
|                    | system to facilitate end user reporting of      |
|                    | dates pertaining to processing suspension for   |
|                    | reassigned properties or properties placed on   |
|                    | hold.                                           |
+--------------------+-------------------------------------------------+

Appendix A

Statistical Sampling Methodology

Regis & Associates, PC retained Dr. Gary Anderson as its statistician to
determine appropriate sampling processes and associated statistical
techniques for the evaluation of PAE performance as a whole. Our sample
selection was based on a population of 555 "Full" asset restructurings
that were "Approved but Not Closed" or "Closed" between June 1, 2002 and
May 31, 2003. We determined that visiting 17 PAEs and sampling 145
restructuring transactions would provide sufficient data to accurately
compute average exceptions with a 99% confidence interval.

We developed a sampling methodology that would statistically support
projections of the actual exception occurrences in our sample to the
total population of PAEs. The methodology selected provided a
dual-purpose sample that would aid in identifying internal control
weaknesses and identifying non-compliance occurrences with the specific
attributes required in the Statement of Work.

Rather than selecting a random sample from the asset population as a
whole, which might have required visits to all PAEs and would have been
inefficient and cost prohibitive, we selected a statistically valid
sample of 17 PAEs for data analysis: the 12 PAEs that had both "Closed"
and "Approved but Not Closed" assets and the 5 PAEs that had the most
"Approved but Not Closed" assets. We determined that a simple random
sample of 100 or more assets would produce confidence intervals small
enough to support a statistically sound evaluation of PAE performance.
We constructed a sample of 145 assets by sampling at a 25% rate from
each of the 17 PAEs.

We tabulated the results of each of the procedures in the AUP checklist
for each asset, consolidated them for each asset tested at each PAE, and
finally consolidated the total results from all PAEs for all assets. We
then arranged the results in the same order as the requirements in the
Statement of Work (Products, Processes, Reporting), totaling them for
each requirement.

+-----------------------------------------------------------------------+
| Appendix B                                                            |
|                                                                       |
| Listing of Selected Participating Administrative Entities             |
+-----------------------------------------------------------------------+

+-----------------------------------------------------------------------+
| Appendix C                                                            |
|                                                                       |
| PAE Report Types and Sample Selection                                 |
|                                                                       |
| +------------------------------------+-------------+------+------+    |
| | PAE                                | REPORT      | F    | Sele |    |
| |                                    |             | ulls | cted |    |
| |                                    |             |      | Sa   |    |
| |                                    |             |      | mple |    |
| +------------------------------------+-------------+------+------+    |
| |                                    |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | City of Chicago, Department of     | AUP Review  | 2    | 2    |    |
| | Housing                            |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | City of Indianapolis               | AUP Review  | 3    | 3    |    |
| +------------------------------------+-------------+------+------+    |
| | First Housing Development          | AUP Review  | 37   | 8    |    |
| | Corporation                        |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | Foley and Judell, LLP              | AUP Review  | 62   | 13   |    |
| +------------------------------------+-------------+------+------+    |
| | Indiana Housing Finance Authority  | AUP Review  | 9    | 5    |    |
| +------------------------------------+-------------+------+------+    |
| | Jefferson County Assisted Housing  | AUP Review  | 31   | 7    |    |
| | Corporation                        |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | New York State Housing Finance     | AUP Review  | 5    | 3    |    |
| +------------------------------------+-------------+------+------+    |
| | North Carolina Housing Finance     | AUP Review  | 3    | 3    |    |
| | Agency                             |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | North Dakota Housing Finance       | AUP Review  | 2    | 2    |    |
| | Agency                             |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | NW Financial Group                 | AUP Review  | 74   | 18   |    |
| +------------------------------------+-------------+------+------+    |
| | Real Estate Recovery, Inc          | AUP Review  | 113  | 24   |    |
| +------------------------------------+-------------+------+------+    |
| |                                    |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | > *AUP Review Total*               | 11          | 341  | 88   |    |
| +------------------------------------+-------------+------+------+    |
| |                                    |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | Colorado Housing Finance Agency    | Audit       | 5    | 4    |    |
| +------------------------------------+-------------+------+------+    |
| | Heskin - Signet Partnership        | Audit       | 86   | 22   |    |
| +------------------------------------+-------------+------+------+    |
| | Illinois Housing Development       | Audit       | 9    | 4    |    |
| | Authority                          |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | Kitsap County Consolidated Housing | Audit       | 10   | 3    |    |
| | Authority                          |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | Ontra Inc                          | Audit       | 52   | 12   |    |
| +------------------------------------+-------------+------+------+    |
| | The Siegel Group, Inc              | Audit       | 52   | 12   |    |
| +------------------------------------+-------------+------+------+    |
| |                                    |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | > *Compliance Audit Total*         | 6           | 214  | 57   |    |
| +------------------------------------+-------------+------+------+    |
| |                                    |             |      |      |    |
| +------------------------------------+-------------+------+------+    |
| | > TOTAL                            | 17          | 555  | 145  |    |
| +------------------------------------+-------------+------+------+    |
+-----------------------------------------------------------------------+
| +------------------------------------------------------------------+  |
| | Appendix D                                                       |  |
| |                                                                  |  |
| | Summary of Statistical Analysis                                  |  |
| |                                                                  |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Attributes     | Nu   | N     | Nu   | Num | E  | Confi |      |  |
| | |                | mber | umber | mber | ber | rr | dence |      |  |
| | |                | of   | of    | of   | of  | or | Inte  |      |  |
| | |                | As   | A     | Pr   | E   | Ra | rvals |      |  |
| | |                | sets | ssets | oced | xce | te | \@99% |      |  |
| | |                | in   | in    | ures | pti |    |       |      |  |
| | |                | Po   | S     |      | ons |    |       |      |  |
| | |                | pula | ample | P    |     |    |       |      |  |
| | |                | tion |       | erfo |     |    |       |      |  |
| | |                |      |       | rmed |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | |                |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Class 1 --     |      |       |      |     |    |       |      |  |
| | | Reporting      |      |       |      |     |    |       |      |  |
| | | Timelines      |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Timing         | 555  | 145   | 2320 | 215 | 12 | (1    |      |  |
| | |                |      |       |      |     | .3 | 1.31, |      |  |
| | |                |      |       |      |     | 2% | 1     |      |  |
| | |                |      |       |      |     |    | 3.33) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | |                |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Class 2 --     |      |       |      |     |    |       |      |  |
| | | Project File   |      |       |      |     |    |       |      |  |
| | | Product        |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Restructuring  | 555  | 145   | 1015 | 44  | 4  | (     |      |  |
| | | Plan Package   |      |       |      |     | .7 | 4.23, |      |  |
| | |                |      |       |      |     | 8% | 5.33) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Tenant         | 555  | 145   | 435  | 0   | 0  | (     |      |  |
| | | &Community     |      |       |      |     | .0 | 0.00, |      |  |
| | | Comments       |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Supporting     | 555  | 145   | 435  | 0   | 0  | (     |      |  |
| | | Material       |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Information    | 555  | 145   | 1885 | 0   | 0  | (     |      |  |
| | | Form 5.2       |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Owners Package | 555  | 145   | 1595 | 45  | 3  | (     |      |  |
| | |                |      |       |      |     | .6 | 2.98, |      |  |
| | |                |      |       |      |     | 3% | 4.28) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Other          | 555  | 145   | 5075 | 6   | 0  | (     |      |  |
| | |                |      |       |      |     | .2 | 0.06, |      |  |
| | |                |      |       |      |     | 7% | 0.48) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Closing File   | 555  | 145   | 1885 | 0   | 0  | (     |      |  |
| | |                |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Closing Docket | 555  | 145   | 1    | 2   | 0  | (-    |      |  |
| | |                |      |       | 4355 |     | .0 | 0.02, |      |  |
| | |                |      |       |      |     | 4% | 0.10) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Contract File  | 555  | 145   | 1160 | 5   | 0  | (     |      |  |
| | |                |      |       |      |     | .4 | 0.37, |      |  |
| | |                |      |       |      |     | 4% | 0.50) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Training       | 555  | 145   | 290  | 0   | 0  | (     |      |  |
| | |                |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Conflict of    | 555  | 145   | 290  | 0   | 0  | (     |      |  |
| | | Interest       |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Owner          | 555  | 145   | 290  | 1   | 0  | (     |      |  |
| | | Eligibility    |      |       |      |     | .3 | 0.34, |      |  |
| | |                |      |       |      |     | 4% | 0.34) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Tenant/Owner   | 555  | 145   | 1160 | 27  | 2  | (     |      |  |
| | | Meetings       |      |       |      |     | .4 | 2.19, |      |  |
| | | Required       |      |       |      |     | 0% | 2.61) |      |  |
| | | Notices        |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Due Diligence/ | 555  | 145   | 1305 | 0   | 0  | (     |      |  |
| | | Data           |      |       |      |     | .0 | 0.00, |      |  |
| | | Collection     |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Underwriting   | 555  | 145   | 580  | 0   | 0  | (     |      |  |
| | |                |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Mortgage       | 555  | 145   | 580  | 0   | 0  | (     |      |  |
| | | Restructure    |      |       |      |     | .0 | 0.00, |      |  |
| | | Approvals      |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Closing        | 555  | 145   | 435  | 0   | 0  | (     |      |  |
| | |                |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Documentation  | 555  | 145   | 435  | 1   | 0  | (-    |      |  |
| | | Distribution   |      |       |      |     | .3 | 0.22, |      |  |
| | | and Conversion |      |       |      |     | 7% | 0.96) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | OMHAR          | 555  | 145   | 725  | 4   | 0  | (     |      |  |
| | | Invoicing      |      |       |      |     | .6 | 0.38, |      |  |
| | |                |      |       |      |     | 0% | 0.83) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Other          | 555  | 145   | 145  | 0   | 0  | (     |      |  |
| | | Reporting      |      |       |      |     | .0 | 0.00, |      |  |
| | |                |      |       |      |     | 0% | 0.00) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | |                |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Class 3 --     |      |       |      |     |    |       |      |  |
| | | Procurement    |      |       |      |     |    |       |      |  |
| | | Process        |      |       |      |     |    |       |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| | | Procurement    | 555  | 145   | 725  | 23  | 3  | (     |      |  |
| | |                |      |       |      |     | .6 | 2.95, |      |  |
| | |                |      |       |      |     | 3% | 4.31) |      |  |
| | +----------------+------+-------+------+-----+----+-------+      |  |
| |                                                                  |  |
| | Total 37120 373                                                  |  |
| +------------------------------------------------------------------+  |
+-----------------------------------------------------------------------+

Note: Where the number of exceptions was zero, since only a sample of
transactions was selected, qualitatively it is likely that the overall
percentage of errors is small.

[^1]: Procurement failures are measured at the PAE level.

[^2]: Under HUD's rental assistance housing programs, tenants are
    required to pay 30 percent of their income towards rent, with HUD
    subsidizing the balance of the rental payment.

[^3]: Authorized by Section 8 of the Housing Act of 1937. Also known as
    the *Section 8 Housing Choice Voucher Program.* This program is
    administered through state and local intermediary housing agencies
    to provide families with vouchers that they can use to rent housing
    in the private market.

[^4]: Authorized by Section 8 of the Housing Act of 1937. Also known as
    the *Project-Based Section 8 Program.* This program links rent
    subsidies directly to housing units and provides project-based
    rental assistance directly to multifamily project owners.

[^5]: See Sampling Methodology Document at Appendix A

[^6]: See Sampling Methodology Document at Appendix A

[^7]: Procurement failure is at PAE level and one failure constitutes
    multiple occurrences of assets under the PAE.