%PDF-1.7 1 0 obj << /Type /Catalog /Outlines 2 0 R /Pages 3 0 R >> endobj 2 0 obj << /Type /Outlines /Count 0 >> endobj 3 0 obj << /Type /Pages /Kids [6 0 R 20 0 R 22 0 R 24 0 R 26 0 R 28 0 R 31 0 R ] /Count 7 /Resources << /ProcSet 4 0 R /Font << /F1 8 0 R /F2 9 0 R /F3 10 0 R /F4 11 0 R /F5 30 0 R >> /XObject << /I1 12 0 R /I2 15 0 R /I3 16 0 R >> /ExtGState << /GS1 13 0 R /GS2 14 0 R /GS3 17 0 R /GS4 18 0 R /GS5 33 0 R >> >> /MediaBox [0.000 0.000 595.280 841.890] >> endobj 4 0 obj [/PDF /Text /ImageC ] endobj 5 0 obj << /Producer (dompdf 3.1.0 + CPDF) /CreationDate (D:20260823175319+00'00') /ModDate (D:20260823175319+00'00') >> endobj 6 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 7 0 R >> endobj 7 0 obj << /Filter /FlateDecode /Length 1758 >> stream xWnW*lHlǞ8qwEG&F-uD a{Hm%@V$V:,Wx ?0 (?л[NO꾞wu?'݄Zo~{MDMEweJR*TS{jOfkͩ(H"'oNoz=,P1?hؘ\!aހsXg GX5*@z֔ 꼲϶ч3[|;cX)R&{,U}j.>SSm:7V7tP.X ͣU<w؛SU7%8R0)8yaz#$B[Fpǥ=Ô[V'KUIeU(}(MaHB;}nsU49Ǫe/UiU뽱sB)^G$3 M\{N" X szzxsui.xq8s3ֻSuͩFMV5׮>((adjЇti({4~ Uf$-VˡLX-RdasF?uAC_kWdiZLd hjQLa!GnauTrWq8U$C? /NXC|0>}8ٱW{=lP;C4JJwa{7K3>zkmN|N[.I0IX% ci-b)Sgv#A5 NoNNl˻ۋt.3Ej; C(Z{Q&tc D{>/B)#>K`=Fi:" 2! G!;);;);a ~" Q$![!-(}nvg>2͉%DBdxqjLKbl\՝ő1ttm}uu3y.HQdj,D׾҃7+  '\ S,2 q{a*e~8ox*`*dU׀9% [ѥ?pԮlSp_y7gf3EĿԟHJslDr>U}^8^Uƴ+p:}*yn'a"4\*"ҡX/ѯh@־,_|-5%ndz0ض :쵦z!8Š`MlT[}T }>V43vGW 3Хu9j _`k?Voh6C hr_Y:7J%84 [p~#?6SPY@M#:KAV>sYwwB̖\<+5]}s.>}ۋ,Dl f|,裗ͦvM*5(O>:3!]two[U;Wm|dIB?ΨM\=1CaGJ(BݥŒwRP8": =3ݕh@ 4ۈ{rxm/ _aϭrTKgbSl)?:M|*RB3M\?@iYku蠋e6;\jIp>MYĄ+NTFk+L9vi0 endstream endobj 8 0 obj << /Type /Font /Subtype /Type1 /Name /F1 /BaseFont /Times-Roman /Encoding /WinAnsiEncoding >> endobj 9 0 obj << /Type /Font /Subtype /Type1 /Name /F2 /BaseFont /Times-Bold /Encoding /WinAnsiEncoding >> endobj 10 0 obj << /Type /Font /Subtype /Type1 /Name /F3 /BaseFont /Helvetica /Encoding /WinAnsiEncoding >> endobj 11 0 obj << /Type /Font /Subtype /Type1 /Name /F4 /BaseFont /Helvetica-Bold /Encoding /WinAnsiEncoding >> endobj 12 0 obj << /Type /XObject /Subtype /Image /Width 300 /Height 168 /ColorSpace /DeviceRGB /Filter /DCTDecode /BitsPerComponent 8 /Length 8004>> stream JFIF ( %!1!%)+...383-7(-.+  -%----+---+----+----------------+--+------+-7---.--7,"F!1Q"Aaq#23r$Rs4BbtCcS'1!2ABQ"a3C ?ީIc IYXr@0@%I$a(I J%(`DD Df!bJӴ{K!r/֣U]w =a54H0A+XJ9 KrSJ-b}r AA6`-$,a"J! H[X6M3h=iLz~ 5bcZ`qI$i# d{ZTu\Ah[Yh_;&;>.7 Eh6I8oC]+dK. voY> %ݰ 8yjb8% Đp^pܩj-Ee;g+E+J|!fq#tAc=IAlnJJ1}7S8h\ pڴF` ztT!1c^/s7mj,5]xpʱ|`=5nHc2v>j_B;Qzm; ׹UY<̎w 徏/Wh%7[G&TtviƬxn"WVVaCdRY333a< 7᜼ª&n]Hflkx. QPAk 6k; m g쯬,q(̊}!EFު4Ӥ LD'4bʙw F0dCʣI锧lvjL ԀfyoZ]=sۋfEl:-( h{ NFcfd5$+xnr^2<. $#)c+ N(7La wyXx/iT씊xk{,қF6#m0p#`L;Ebx:>X\\qhRkEL hB''1/0R$h1bu* Dfܦ} ^%C᷹OSiL:zƧo+ʼnh'sAtTonY9y٬`z C&55A30v*&FRZ9#Q|62I׶@.Qk["ڴK98n8%QW|, !pUM K]<;I.L[dDZѿjy1I:6SU Qu {4.\}8g)pId{L[G 8ќ\K$2RcsLot-Frud4}ü뾈KNxy.cB<>;2乍g eKOҒSǼDwCbdfڱS,Yxeލb3\:Q,nDP3c#6@DrT.& M\G$zǸ.wTfX)&R"XZ1~%A>᷹M Ԣth? zCc|Cf[I:Vc|Cʺu;{QjǨVLg=Cjdޣ.chJG\sޑ%WPq`,8"uw7 뻋ʲ$QBcE9=x=Wqw?S 1VXw?S ǣ; u(*&$HܘE+7eyܞ81κW̧EcC?®4pª=Q 2>ܪcq `1"Oܹu\yX7?|jrڿ|eGOҒ/yk*{̋4{}< "uJyfJrzfJrܛx? 6fVI_%t|{<>W+;T|EoY,"M %D!Tz{4 z>Tz<S4:H盕}#ny9M)yWu۳5 9WuM>QhJytbS,OV"'9L X؄#.`欉eM'QB eQNQ ,:ZOHt1z՜1Ҿeԥ7-z'`OU\vjb9uN.qOѡ{%m jQ gܭd.*2 Pwn?1I3Lxvˠh"a߽t 1<ԦqQysބu_PUK\ &K.SHӔ`׉zс0CF\qSuC}o%W٣|7JEWBl=O˫.|_v ޠGuY9L-ä;FoP8YsY;r@O*+9wj@?jM#F]ǩD*84x~U4qS>¬X؏7.ٽ./8~ɸqvY"lTu?U#7N:k,<ꮑvCw'nU}DfҖ5=˙B"1Hto1Sܹ(SD2/Xtvn+c^HcyWp9dUBDꗦooW<rMLyfJMs|cw~@'wW.P2^tQѦhE riL9O%B3%WBmZLeD;*9 9E6Dtc!^mnR93%v׺zvjVlte[ýGzKTg> NeWpS#.u4q)z3 Z' ^B6Dodb1.`ƆME7= %<ؽOWŔʱ9z/(<aʳWCT:[lk͖!Wl}݆ee7"g>ď˩F<3n䘎50'hxRj9Kbor߂WѠr-ڐzs&L):oLdv w5)]JeWS*dL =]6GGY# H袲 t(xRX7juz̾nջ:⭴~/D#i~s69ҕK+F[vIt}|^QȢMx$V{}fDq2LܪMןnNAq9ܞ:iXVN:k"Ŝͧ@N%"mg\HNq*{.9s?ȣ 4hFe i{]`\q? n,1\S'yGm(ڿsqnewy\4+[B8oWUa kZ6 6OR332oJlw;HnZC%sv|EB #Jc ڱ1v.ωUјCA mtVfd7m<zøGoNzøS-&kdK?"׆֋o Br*jߎI 3&9eU7% zFcTMS 2gkoچ=p;ީ,T7yT*uimhܕ \f@e)Jnm䜷Ր[|OjW " EkZ֜;i4^E䓌8"-.B"\:DorKpaTHU`Om=g3,)Kb4bLXbZqxZj \mHa|I@,wLnuL)FR4q>e>%׃/;9Mә4uyYm޴;u.ɰ ==H730ׁ.*.tLb@~/:sR^?^s.o@޷Ani nr%z4Bm`H)̋S<&2Oiė b#mZ2caޕN.lÄvѰ7]u "qk,fܥ,{RCa.d6h-1;-HG)@^nXF8a26g9qTGPL 7uW!JgxP($%IXW&PaYNskؒ4N9v_O*B&ql92qߢT_W ^}`\CղN٬Ne ;VVMyԼg .kM8qWj39C榧!94&S|.7Ini%v/G9d S?eLOآiN$: 2q[ ]6ͱB0mnB"JdF'_ʼ&#~wuq ٜcy8T;"я 8! }|7&$|-#~Fvp I2֙!,Ch,ȶ-6]ꮗVdž'cbeȦ+^g|I)p)V\ L'x2 mdGLohl7=G1?)޳HW*,(Օ" 9 0$U3mJ#^x"I|`\U+EhlwUkȝReqLJ8WLL2Q&4T6="C4gi Js#)'(,WۚC |,8(1J`yq#t}PN3ic6W;VTn%+ \=Nh ?t7!&ń}d6 l$.}0͖7u۽nW4<~)9{e]y.|S3iU;&Wߊ ˦ h tsm ejv .A;mTAΓ^1SfC}n3+ P'C~K+})nBnX5ZܿTȑe픈4H&QTbd:9MCZbA`ix8 c'/+Mhcj\㑿! $ Ķvf+5ڲu04@H̓*R0p7ݼA؄\\@!4"'xOi]AqpldI,X\PpKr\(m{Adb!Z3x|Ѡ D[=^ k3}Dy`{-a[fZLھd [Ekαh8M2ԴЂ 1vF@x{t/~_!=U" endstream endobj 13 0 obj << /Type /ExtGState /BM /Normal /CA 1 >> endobj 14 0 obj << /Type /ExtGState /BM /Normal /ca 1 >> endobj 15 0 obj << /Type /XObject /Subtype /Image /Width 600 /Height 600 /Filter /FlateDecode /DecodeParms << /Predictor 15 /Colors 1 /Columns 600 /BitsPerComponent 8>> /ColorSpace /DeviceGray /BitsPerComponent 8 /Length 33662>> stream x]EO\k{q5A b("(VD,]TĂHi7ov7%w{#%L~yͫ":蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:蠃:"==EzBDqHRC/?~Ï`7p`у஝w-3ёK mݳ׿gg/7ݻi.q1q5eW/_辿^~R_{A۠od݇S?m̞$;;[@lh CƔO`X:Ƨ6X:Vdx YG޺: #kxx^JmRyxyIeI~^ZvHJLd(v$̼>=xr[ ")t?ع:5>v|ŅG:x5nY4yrz cJWݵ3=Rm (;c'8/[]l" N|jлaL!rj|SN|&T5g?߅KOԜ(yS:=qBoUs.v Ii|u̅C\p7\i`(ٚN^7'+b3_]MU>!U7@4 N˻~çNq¥޿ MMBoZQX$]G~#Y#8w⺵K['UĤx'xK<#B"s+wsp'N]f|S|q ;a4ad_(m|C`Ձ_P'7K=#ȓ! Ʊi=HdhnP~O>n_|[$"U>uӹyk=!<}5v&XlfTo]>vHdo-v5mM8$^ŋrsܩ/;(r$V>>ةu1"Y/_~tn¡[f;p^wffFOb3vtG_Z(-שÉώ]tMaßcT_mz=oKţ^7‹=G ĢΝ~g*:fy_a,J-Z7ԓ]-Fl4_>b˾ ߾Tڶ*|mF/FlbQkgOK~꥝7HG:mO]y? לE5x ^?xuk42m=aTa(zɣN^wYuեVfCOQq('\$ߣvu-=S~= ţ_vuxeϥ_wZ 轟j: y_8gʪ_ad4^Jڛv?:,HRwt:#yrLk3eoy'>cEHԶ~&_#Exs̄s3&b(*|3{wD"Ňm"aM|ΛEȅom)xA:h/~s~Z-h`To?㭝3DF%?`KAMp3V}JaHo_$mXB/Iu`}<:m*Ν[='yl\_m&t9^|(zȦ\mBÎ;޾h(ɍ& Be_ffA[;_{KD7 e*QږeOe.ܷ,TH!-Z"xhi77/q"?bZG*tЋ)m\G 3-`OLV?4+v bJ$Q_-z9:p03엋oPy}Ͼ R^zLE ~>o$[:c(s}dեBgt\W@>Vp&:$zqJ>;^Ψ¤DD1Aݼ6*Q5I|P4㚉MfHrJz=iy]wA$r%F^Ϩ"0/(hoW$L<IaeO':"xuL6*jj, =4^ULaX@i>BcæV'^6.W3&N2-g':&4xuЫdH* zx#b풢r<„^|tqkOeL\$hÕnSe:n{h=Zi7 }`km^DuIŌ)$q5W[9UЋS=ԩрt1]iMȌâ"^ńj儉O2~^As^DD=J59BՌ9,rfvO(yu8;9ys%&{vZ :4<^}uB+W1t3|9E$qݥW QW۫^@0!OG,^QWL.}C4᚝ҏ(Z] TGאU^3<0cWo9K| ;oW"-•nW^z  Uʪо$3/SEL tB{#(œ^A7.te_2n< Ww=:1QhYR#0dOd)V Z]H~P a)"&W*w GED.l!XfOb x0*r}}Ht -n^YdDŽ]J}JQh̽K9c[n}z}™Wfx+AgX/\␮z-ZV?%_ߑc`usN#G ¡sIE[0hPW_y\0sWpCԉ亲M"Z.@=S˯"varauRrlk8%a*X_yuM3:kJ{9 E+Z&}PJ@0 rBm$O˻B1004422611553OԺr능VBj.ZA)",WWJV"ielY%XXZY]'~.Z[bPK}!*ck$?P P +3ss`Tjckgui.j=g#FrKA-+Zqq1ol2H+,0UN.r0HA+Kh*$B/e %?<|(ZX"YtrZYPj!,ߦMr$F_n~9ae`^RҊbɷlf_uvjaH+Bh,2ԡX/"} 5Jݼ¯=a_VR'rO ,Bb^1UP,4,<2*S"Frf -^L T͟0kHD2K_4]R 1" I]M15!!}E+|@^EFƿ^!NRKdiMXf=5aeIݯ{Q$[gL%8cEAf) RȾR^ĊKH\ƾ+ rwqA' O7RF l5XFVԩ4!-Xr%|%6 RY_~&zW{…]FF4@QkD1rV8S%-Gd;IJ`,$"cS6;\3'(DY/; ‘h4e,wk=qV*4XsfB4"JJI[Zՙ`o1'&=Z|ka; DbnnnF~iTTu$ {lg{{ҹ3'U'8;ǤW^om'u*1<"IКSԢnHh6EJgfF|<]VYpVQëuR kkk++KK/s*P k ~;;`5OO/o@Xü'?lui▞7mZ/@zYH xĬXKz3!&"$ ZV4m8R [m!7|ylF R~e# #wNJ$||}By|Oq-mQ͇VUpcQ[;;t*.B)zycj#uRV+B̚X" $w^ZA;G`DKAAA2'̶VPjBvrJI'B[ Bq;-,  twsqjA9Bh9À_Y守"F"""##I`{dʝ~3S놾_X.L0,,,)`|?!jFD%ZY12,t7D8,ؓ2N/-R*"梚`!zeH6!ݍa@(`"Q,BxqĿ㿼+es ;PZfm>bz $뱄<eaQl+BGVbYvRKsS㉥ &7Q[7$]rDEFʂ}1pVOs{GHI(lE$PHWWlO:tӘ &3ÜJT-X٘Y~^vO' ;ICؖHMIINJ!fy"f"K ?}:p(|^>UF> @\R%#Q@I%E1*N-T۸%Vdqubf$ETbr*Pt#, u:(fE;O,3˔ʟ˜XY' /;#5)>:"4ǓޱqI炁V>~8H(A"=3 h|RTJ +1-38#RYbH=g/1(cbv@o%ssrĬԄodO(3+gzM(b98:jK3Rc#Â|K8@#X~ةXؑIdfffU@)| n%1b\Z@L]\;T'p bHv:i##|JWuiAVj|VJoֈXIMXfO:;[Z-M uEyYiIqQaXb9i|+\>Kkɻyݦs2 i,]E)=ZJj_sG,Nȵp^=bBȐH,L@<25!D.0읊X1sRG[KS}uEIAvz2&|;&L0}*.!*+ ypgƼJEBJEEE0<]1\2C[Y̅}ڄxH(em+2,fRƿȺTRF"pHaɝuU9XCug ,uĸ)G"Á w/߀`pR'&fd"BX@+@F  ?,T'O$*MT*i%Bf&R aЈ/ j: E9鄙hkM*q.gm}kzvw7W!b%FZf~>oBD*-#+'7? JLE?"T'ӈ`GnIXS-i8&Gלog?$m5`fPq3fӦxlXۿiӦNhi.×0HpƊPX?5w/! -#;7*{cc"TO8 HS!naS-3;7_[D!";sdNHf.g{Y27mL/(Ƴv?3fL="+%>2$FB8 wGd AiVxl+VUA wwBэHU[H|d<XS0,ܤ~7# ̊"֬YX͵Y)qR\j~hƑO UZfUiY9BYi *3=%1hS)p#P ޒ# !"1}:=#Ce) h1jAQaJ'a-CJ8 C\8v9TIj/LTD>X}ۛjJ3(Ő+H F$dd!ZWTTVV!^fg *˃L+J:\'D"ȅrtvuSp"5C+i(?+5!mH ܁/k\0&?YJ?lY)؟Gݦ_WayE%UUe%pkSdPDUpnll̑BtP0P>yj0(7#9S[mꉃxA!Ip(A{0Zqq62T am}^3펤vA&m+n0jXW"J q<_j0 Ѫ x h$gM(U PR ;8V~k#0Z!HN(M=?GM _] Inf=\ʸd~D7?7~sӧO%LH;]} mij+/"bSr K+kj+ғb"rǴR@PDe"?J"zv8:#[/[r/S^ۈU]!,Ҵ!lf\3_~?;_s Mb_aR_Y@Ʃo G=/e fSM6XĊ qV7Z_TVQ][PK pЂVdjRJ }Im! }_@Ī'D80M` ~N OY:_ \J5.a'U(KbknoԩS{;[*sR\06Rs-GvD%gW#T!^)V:SוJ 3@10=N k#燐^V[VlFo*?ia#.ĊJL-f{Q"+Yʲ!M5\SWM=X=hvOA&RU;ؼ3*W%U u ^E@ jfBk0pcQr(9Jq986bOߏ$B|wwSY2F6|w`XLrf~ zw:sn_7eʔ>Wf%Ey8g'ze+-,khD(^%D|A\) ]6[ j,3W ESH# {X[ǂ&K*(mgٛ"+qz1t K > 'D,$V>w/LDGYij]qUeM}cMEsJ S5tB'${/#߉.ՈX # kvz oTcm]^!Q i9e3:" eu\@&@,dɽRX[t#al^yUT`csssS#+*HYqH I- AӚS^ !ń!Uy$KTwt'I+*^:;Cu\1+BhĪAJPPbsiT𪡩[ҘW8VY0l umaԡ_qQ[Y\Z^^^ZS˰eŮa㞞zvåB" 4b97Q@PXXu ټK𪮡(ю̂`8'L &@ RN^~2lbn/*)-).đh8'lF]xsvщi9`T:]B#?"|opFI9Gۂ㩱IֶV((/bTEZpW):DYog@j.|"F.Cz' ez -MյXGrYI1^q&\v#[| xMM1I9 [ZZj*K|E ! Y{ӳ\G PNOqaDYLШԬZvϒ:!-5{?ƙOQ3?N~P WM-mX-UT=+zcY$Dk8`6:Mҝ׹ǢSA DE`7'Ӆq$#f>vln~e}MR JA^wtt6?d;lX*rr^QRjzfffzjR|&*%8=Lx?@V]u:fVT?]\Cl A^/X%ļ4 )Š<"ŋW!b fD)Q byUj§}b!. Ɍeﳎed(T)Knq'\ 'nE˗0793jRggG;RPg)S63"s4f! ޹b^TlI ,R`H;E+ pc"I0,moS4z w%oĢ χ@0>ťWYԧ9ʔ.^8Ou<˄JxK2&uMَ+Z.Jd6NඁFi[~g+teHy ]ˈ X=A x=kRkcmEQ.mʼn^a* X YhXXhHp ͱ 7x%}G#&J$Db\ve}Nm+=MXS7"EXځx=zTAcp)srOO7,&>u,s ]5@h7'Ä!LH#Ba DZ pwe>/^^BzpJF3ێA,H󄙕Ph(X0<;@k +ڑ*ԃJ}Bp>] ވ!A7I{z{{ 8)H)p#ĽFBHߛBEtHvXҶ&k( ,>H({( Xٿ?f=+y#XKŕ-]ݽ`)uwsT fizyzx{ٌ)0ܤC7{Vt(=&HvW؇k/X]X{{ P8hhm ̂Ya~#|"ږx)} EDM_/Pd,>"J>j=]6C/by%_^RXG3wL$*R[}#qOҧOe`C#Pbnp'_Dx3!yF]YL5n V]yms;,'Xcܰp%#qv &Jȩ#]B}˩&y A;X{Xz},HH^]Ibj${z'+s-VFX2$EM`w"0> } Ц 3Alh vt:`W'WV\u$Y_!kȟR *wb %f#'C,2%9Xd~p'6,-"|qg[bu5T7 ˝}%~:"eckn "bDwh>C$jtj-{=X+\YZ M:j\ EևV"5h߬HjW" 9}M[Ä=d,W$FL){~0>lj+ O zXRv?,nX=}SNa ,Jd-lO4z$CKRt! ٧toN:0ʪ=9fj~U Z,NE@p` k{G"z)1Oedt"Rq50qGyzAǕLϳj")q8aN e}|F0=,& ±~c|f6RHĦ?&'#@`c'.G"o+x.r|uT'Aza0ŷ{h>2XΠXO3SVv)ɤR6RnYC ?տ4i0߲bG79X g{LrN#TpL R5Iy_zz mٺpu) CIUk>)<,ޔ1v9ax **ArYfbnuv 2>ӅY j{<ˁ+]SlFfx>!i noAaA0Z%?;hSYM٧uo/⠥`XMs.ٻFN,0X펝Kcˈ&*눔"X z.JױRH?2"㄀K}X3gmw\1XY32NXH*ό غhkdh#ŚbiMllwG~d($NI_PTMt&qQ~T]6bfkX 5sߝHk]n` PP\VY4a9yZ-K'҅ zLq@'e~&0ocHy }ĺ"V>QZ^)x5"vb%Rt!/D6&~UhXqkdb͜>*Jg^ZQ5}Xb$m( ,w\L , E[R}bC'-L@M i3g͚X& cF}3L5 XDch.<:khuC&}{fa%b2F,<*~v<0,F'QB}tǾ*"SGmA‡GBM~]O^FI.b͘Q"eU_f7(_Xՠ =*H]1]"AV/VMmwjF$VMnFh٨'$cU]YNşLB߬#;=U= %~y kZn, vtTvGla{HVUn>Oz// OYytbm 3f a $)b9ʗS@`U?3RGX٫u~ƷCjÑ)_x  GX8CkTD2zM& R׀Via.::pz 91<ڔ%o<nb=F PGtl5)|Jۼ5 N,2ut0}h@XZ|q@<k)4b! *{ Q{<(82.| U5HN,l xtC4jQrÇ֑=#F.AA,"} %6 &|TkNh:*8 C»اT_5BokX\9o5 &cp, J$H'3 3ا qړg\u-:{:9*F=kFYu`tI2LhBEyPQ3.!R&`14;;\> cM,a4!vbq2@B /R!t{AAXڍNU0¢gCI_XHRP*ԅc;Ov9orO0y  ]SbKF/)ɹ2L>EZ'Y~^q@ b8LWN71? L_R^US5!ƦUX9uHqҖt@bm y\l֬YcR?[ ׸3L3kEĢkBE?taRHqЋ9'v Í Uk=Ey!^:Fb D,R@<@܂Cԯ| u`{`8#>5XOXAW< k|M6=ԓ?kVsۖ,Z[ [ouK8R$%f g-Ӟx/h%&IWg7qR"{}r6yitGmЅ⮓hI.ΕbsЏXc5(-(+]w:Ϝ'dahEV FbYsYDj2ѺA {.+*8X>ë6ZN2QSm .c[@\G M{g{48}g(#p&U2U:WWW9`jOc GqkJmH[]-̭Pg0|^Bs^)s `QgopiH)M[ ~ FG+k UbЪ19f2.&Z phAJ^^e1B,e4{7!shealDwÏ>Sl~ݲy={U+WXA^r媻}r§͆5y8oXoqnmfHkAȪ<{#rrPzݲƖj$Dx{{ oo_e91Mt?)P:ra @ez\X\A.Ĕ:"ˆqMhLRf~iU}s[ǤIm 5%Ia!A~m@`PpHX EFv6T~݀ -­"CZ$25#5ndlDXD\jvayMcKI-q1Qa!2YBB""c8\5/Nŭ O3n9ghlأ']Hi!ZTXWQ e0.3 叅D%fT5MBjm*+JOIGQѱO0_t?d}C,"&|-hM$D-̝Ǧd4wvuu!b5A-ENfZrbB\lLLttKH:9B Wspz9繙>FdFP*fV,3S{,2!- VK# 7+#5%)1!>!vP'$&q1Pt?O.姞и7b9qҾ!'ST)ƴW$un 3pJ-*aa> 񪳣+;3=5%9)11A $&&%sc.<šLV 㭼K\Şc6tDKZ*Z58V2u66">5@,0!ӏ"VrRP@/BJKMºPt?;"Vu#S ›ъXXYKmYsR &L ¼4 0K $cbe~>]v:~H/QEZz{&m^l3N;,0lYHF@an0ݫ '֤ƺjī|+)RWO ,Os-ލ["*j*q-tGv6 A`Y#kPb1ߡ9۝WRRZYŗGwR '7z7Y!!=La { [A`Im1#Jaa1`5c^Z!q'$ct?,/kXȒq 뽺8L7qE󰠇w!eanjSJ&8h 뼗XM,G+w7'[anc蒌LƦzHJE rG"z5Ow NֲRC#+"87_I$q3wrqspwuvX*-h@_AYU]Ud% ^y{wFwt9>.хAw#=t#yBHaHׅd?f+'2o<=\#)SF{q9!"H{#J,XXeb+tp~FFH"nQ$zԖH1=SQs kda"^y{{{y8 J>faRd7 7[ vwFJr%$A"NI.](x^ٟ]7b.\>zi] UPH`{z RkB{Q9X`Cdwg{ ^of.v8>ɎF¦oAK9؏%>hj.;}}zKc(b2 TcUVJ\I@06Cwl h$l8b5:TkzX.viQKOZ"eX^~ޞnJbqSeb&$Mwt%,@ 'f_3@ѐEണ]DJM=Y B+Ss wW0 0 7Xـ  A&R OV S#q;[K+}a%&trvۍIÁ7bкBC~X0(R,d5X~A}rwqX732&$VI5^ut` jIpn6t3\~: Ddin%C|(U,d>X^A2Y,8cPb &`$ m!ӆ~v/^_v{y$օGD!OvNY RYš|5455[9yl!aoy}n? R7*^&X M%v8~zڛ 8Pa _2\ܽB *,$8ӕ"v07qw$k9{jMr 7YO9^se<Bٚ'b)Eg:D"sO3ǃe$9y""##Ceyı30L&$@NC&M8+OX˽_b!]jވP(602h' 84"*::*2,?C)L|H)¸ĸh 5*ccAJ;辥ԅ\=oJq&l hm羟Kob"͇À?{CE1J_͐g\O{R{gwXī$D _|-̥N#} -Ы ;"9P?IA hCX7~=Ģ,هtjfqB;FͩArF%4򗧭,<&*##=5 _0t\ N<+C71|' e``iOg*GbEw);CS[vP6j KJM 0Vem&‰E?Bb9Stq GzLh~E,>I&]nG^t/II=61%=3+ +1R6d.{\T^JU6%ښa+WE"mrZԌI,Ȳqpl3}! r ONLOIښ&0|9\T54 (EA峩h`7A9 (}ՉXȲF"'1Ճ!;I-2OўxV2sVXd eq9귎GYy‹V6``$`EKXXX`("'V\Cpb:b!iʬ, }u˗ y5Tn!QeuDYȎNFwpXt<srOOI '2!=/N@`!bs .%Rs5DV"-How 26vX eH¢[8n?GHfYJftUI-Me~!Ouqj/WYŠ-Xߏm9Ī"G#\ oXąhU[ctuͲT \^3e $h?OuE0#$J:#$8cuHMhVZGT]b[غzxJI^AJJ~k@Ī$4!/ESױSHdaL!ť"Kdnw/m#HQW‘q~5^BldoJ3`ɬ\nhw)Xc)n DlKPK+ E9I)it^y+LE+ڦv XS^=je _6fh\8,KQX(n8~bb^6s"6J3੘ 0+t<)02ɌZd)EփRn);a;@ C]hoGK8Zc#/[Eu&t~V¹~}o$Yks5ϟdPdASwMiqv<Z+k+(zN yx.CB¿b`ErTْxmRg'&V)"<*]dXGb"".\2;$U *k]Ae[+)'~W/H3&IiEek8Ҵ(lM'wԧÜr.9~+tW FJM^|0+G<@ah5VCu]]-U%Tш+w388xqNEZwtY>^IĮAi~Jc r2; RR K+|:O~x̎H/.}HJ%p6oꀴ ´̌4%\ !c*a@be : E̦<3%YXܰ"nV !u8I&b1_ r⇍g[ÀK'ЂH\!5O*#b#Â)^IϯO$٪7uwuM'31bPu\kA9xh/R?¿?zE8%t59ڒ(}mTd8`[+ҝeam@e$#uXZ^Yr'^Zdo@PHXdt20SS ?+l˲2+&p[{Ɓ]O߿iB,2#%\;¦t apEe) M흽SϜ5k֌iS{Zr2bR mv~`FH0 GedajJKg?)?=nIY&CZJôq+Y35Ry!CE\OĴƶ)S{'w. E&E滹v]LVUP"k{Air]QDM[tsyz%7-Z`y7̟s szu町wRU٥m{a{ H\+1NQ5J4 &X"?, ²w~{3wvgq<?Νsw~ե'8q+ gwd n׈ \Z ]m-M˿s:(;s[pJ[rDD$ļYed WI7Gu֕BW1\ZVջtuV_bc}nj!\5`L)D/t^L\F~ESϲNK/ҫsyl:55Vh9&gCNbÂ\Ĥ݅jmx k.g^[w5kyŝmzO<;; Gl\Tɩ >'7TȪFJ+ּ≾xBK5g!:\ch3?et "| W7Nָ7WD+hV6 J4ԁQVMc*CUoW+E/KE\k^W2U8]L҄.J\{:ɇ >%;yTDž*]tU^.kR. LO/eeZ("!&E,=6ƚ,}:Wc٥#G1jϕ^4'Gy%9,d9ƻ~{12?M)-YVvWl՝IKZST X*S:+CVb1t&b,mTMCLe\gJC-y](i\>/|G3S ]T..洰Bia,d*]?R{Xc}:S,!+w8*!̡ClШ{u`I D47&J Cpj#8ԍs)I#q :@mj7_-_2{\rʠS ?/5>)ɲXLCVng5MӦBq|nC2k0{djHI0<7B"R,CA.6r~'AMqfO5(&А`+Cd g/2p0[cWC <ɐ RUd d2SV qf3ưFn r8b=zvge ,+pP?{2tuA̚" S(DBhfY_f2V&.gkh~_~@J~JYCNyЋb۸52s32*v>((ɭ_c#\܀>&ȌY)\K,fD{28LҗO=*(QJ:I%k%TTO>VH#LL.+2fff~/s^1eĆ9k63%=fYhL]V`OsYfiPEVX/1O^p3pk afCL\eE'b%zD)PO[s&7{3И&0<6 >ٲJR+yf:;*gaC74{Q2![m /-[8g,iM_rc:ghK9<m|ѴF mWKZ q=qC5$JqYa,WJK߮W^&SXtLĥmwťVX zy4ҍ&S2%ZmL p>eڶʒQJ'@JW@0JFZ/jSdM:c!Pz7Agl0y%V1i̙ZKϵR2mwԷnTz&hGs*ޕ2d=C8{וesL~T@ӧ-=:ѩdD"k'[FMV|TObKoF,<>Ѩvm=C9Lh,v&&ɋ3pJYb<1vJ4>S>*v{R:-/aҢ V3+vhHOoo֔0spHmߐucoTZ -֏gm\Ued_ܹD7%ٸ}VEmCCk\NpoZimF׏~?_߶s탦?Y6tFӉSLjݙnx'\3!i5u^(QǞ~?r-=8m o^Z˶2pʤq<~?y+,_mjkc-}o; ]ݸGu5."ωf[td=?6=g _mpx/w? ﭮѾ+.6*G~ymcO1O|ۆ6\m�~&9 +/6M~p<33zɅ7v.V9Z)oWfi߮ 48 Kb (ӯcRl> nSaGP|exK2&X7p@ k/wU퓰8^m3#|J Q yga Om{] 7`:7vfYf:8pjof%E c,ka5rc3 IWk?k/l*;J o?ŏ@z*@k%qVs[ pNħF<}ޟ,]p*8R8Ou&nGjVV:8ĚYr.=˱Taկ[XAy3߃ d@v8iӶ)I큏t0oH[]ڱ*\J穰`s^8L]xUߑ-ʒ ut QflaXnj,D{nVn ˻mt/!j)`DӘpvH;xRS*pIXnKSa "Đt@*[teDm U%؀]c,7ZP_3n|cbUq'޴}x;cROW'^k}I3CyE뻚53|Z JLY0)9d䕜gGqҐ x̕$_3Vz6삝%:QVgcLXp'+jyPT{`d͒K~4'8ruK=֧YtMm`_,eirXoNt_Ut^D#%+t}rc,7XFS4b٥a.)GäXlU?rtQ䘧oW/%xKAD# NYJo]8]߳Rց Y0>IY@Zuc~K3a1== >qnq{ %q!g vߩU4CKɣ5m5 +`O:ŪHsbe+e|]CYcX3›e5- ՙm!u+R?,9Ӗ|Yl;-].pfZv3Z?uw(k]guW'am^v;[kO8#Cx>rS6x{yAvTdwrV8`k5F%΃=ߛW-q0urUӛ3xPf[ | 1t(65T&"y{8kay˔އY/%wu>Fա;aP;[Xg~4/Fܭd'ܓlxⅨ&]KV,,R ϧƐ/UauOx(v]H=/<ڑ[\Q:qgsr΄NX>G:Ҕ_#h/ǵ Æ4_FiN<<#6jkW\Qr۰Hon?r',V#]94{\#:l p[X5t~Ql_Sxˬr~v|W.4و\(;4B_0TkNJB]uªU&_D1 ʺCݗõ}=oFX3T5<3ҹ #zgnª_us~ҩťqA kb /@mTiyMiw+( _!.o'szz6mmEphDpȼCʤjܿ̀]lA\3YknO{*wЈ:m \/.w ?=_9|z.r:8bETn!wʚyS͖ʰ =}pdrL q3EX/>CNC²4y!Vpҫwõ8+ֵjeGǂ֍9엖c >v8=@?dcg Y_K܁a8̏Zf{Мߣƍ`wmgؙňƽ={ÈFSUjhac}K1#λڊ~BYΪu>w҂W{jrQJX#^oRkaO΃V99.aؽ4>x\gwd9[ ZK>2;zMjˊʪil\ve0E]-7ѯ=2!".J);;.ѥeteѯ-o?[2r ˪1#ࢾ%[neųp G2ObZֵw w R9ئ$m=m__Z=IYLY%-<%O;VTuv[D[sZvpVVt|RZv>k743Ϥ50pڕdR7t'D6blT/b(k6nKdC!{Qo%>O] /;lFGq7`o(k.SVxTf/(i9a/<Ǵ 7Es ˍ+HEbC oi)r= ;[k*K 2 AnkCo3»:I.L^~7hxpĿ?$'                                                                                                S endstream endobj 16 0 obj << /Type /XObject /Subtype /Image /Width 600 /Height 600 /SMask 15 0 R /Filter /FlateDecode /DecodeParms << /Predictor 15 /Colors 3 /Columns 600 /BitsPerComponent 8>> /ColorSpace /DeviceRGB /BitsPerComponent 8 /Length 14447>> stream xו^D`$fJ"%Jdw{jj9.鞮3]cUalWME^-S;d27w燤(J|?ǖedx۽"#3L4ֈuY1NԨ1ZM.s_uO$Bòdc@Z1FUL U1Ff I!ѓ.&UUi?r/&@ޞ;YnnJ/C>O%悼A?@\&#y2P#iZ/~}ύ#K)cDM=SU#vs_m$(!/^Ӎ=DUUQYUgDsXkTEX1jDU֭Υo$B̽RuLlXmTkk_F>QaL>w҈QQq|lyQ? :ͅ9qB"гɶiajrlT?{)&HJԧMTVoQaE!]OOkX kvh16 v&+ "@#BZ&2?4mTԈQsȻTĈUKT;I%W=6Cuiros %E"D!f_Tg|+iȍFTNV? 0U}i-U12OXEx)n (utoݨ#B7gUKե+ڵ܃B'Ku6 rI\g36G>i^ٜT_ʹqFDs,#2 ***F]*l/4єǕ慯K{L(=P=ONMZ?r[&ێT|cݏ6OpUyc~IA-36z|4nxQ,J%k_~v՟g<&\:Ǘ:ܻg=TՈBc4?dAph'>˜Kvz#(LW4$+ 7ب̿KZ9޳Nyπ?bDҶމL8jiVņ:ije`d/&zK- ML&F{>n;6QUqj<""cSh*.q嶙T+{ؠfl㼮J7oTV86t-']վAD"D(aϦnjeY՟ :.mW' yܱ_>4vڰW(U< ;?X^h|[ 4PzبːEU|OzMݬX&6xVu+c+ՃPLGs^ք,>wo2TER|qSCop#>;iy~> Ra:W9do^++du~߼zИJ:9D S Q0=4WYD8^U;YpWf?\<~ŮQzAe?Gքd1/ګ_Ko~IZ94vZxS9`&H:oܸF(H;=߄vZ3{H+saPmĪo]_Ym_~F d$\qY0lofz(KP}Q*?*Һ+I}*[y\⛐ 1!n|u1id,}a& X֮H|>+a5Pd!8%" K;3#x&H74i>1ƐK^~Z=fz U(H}6ui:3aoϳw.ԹһeW[sl(H} k^H'd-~cΘ;u[Uw~1&^BMFDؘ=yVB5]> ~›ZzPWҹG~1Ӄv1|3!p>wʯ&kד=I_F!A~'ϊvyM/tvnr+D{?U(H;";."Mvs"K~baezF=wkkW=1>q kR3D֥{X"iNN!KZӛn0!G =ol;uĴÙ{ 5p"Gc|J+Tt٤ ;yrkn;_ 4bԎl`|xcDvͫɠВ{muPDKOx7(LuFWH7tJzǃGn@1&:0pJɮK΍'[ Ƙ>QH˺Hؘ=y\¥;l}_p6Bww26&"N' E3p CqQUi^ P{wyM4Mc#zMW=,A*_:4j݋^jIş'3Ƅ;?U(8^cCz+`Aﶤ0xtѣ)Y̛kL A"6R#W{Nˋ\z9KM^!7F:*$DzQWKd?v]D{>-a5o)_AѠ/%"bD>4` KY^i^ϣQeE",7mrfjh#)zv/}',^Vf$bo)K:}q:Kg k߾.U|2&׫11|w8.NQ0(K5^u$ ry:Y=,CrbDXVc;Yc`L*uINoe']qlc.`HeeAUi3@lGi{9'L~#Q wD8yxUFQ 4o]̳LּbCРwKr!zI@ϲM%Oztg *vK)u~[_v)ydDۏ D8Y4!%rj\EϬq= |綛'v}pK=v4cp ˄DXB>1` GU}xxz$"̡c'&7(̎~^3N$>^jLm;%l~R,#QIyQ]w۪=5F{>:x0$’O[Z7`2A׾:>*!fA",YFqU=iLձ{3S7^0Mr I4w{u S2 0XDDu<.2ѴTw rG",~K(Y\|!D#"ۗfG+8Y_$Iu@&jYbEϽ7X;au˗r?T!QVG",C/g;W e J,:ryWzUoK𙙹/a !KqQIC_^;J#"t5\yTxUo#˱pt_Bm'Ӽ舦Jm#42}S~ 6?Ldsbw+X#aiX<(!B]X\2ڠyz DX"g'Te; lF3y֍އ39Kk綈8pd-.ھ0j2[ySOSOSma)N!: Udy-2C|Uoˡ^g!mxw|qdкzZ,}lN7+oUoaqP;$BZ.UƘhGr#Feŕ˦`8("">{0|7ʈ(k(]67I/xUo!ˡno`~>*mfUwVD",C"QP [qQ+<^4]I"C3L2}̵بaks D?DBΝV֍_<ޥ^uGE$|#AHOdjdZLcY:Pg7;0;Z0$rgХ@ԏ6;-VEC",FEE6Aⷿ7phD",a9h? 9>;n}sisб}~lVB"6e`8jJ{ӏ;ί G?$r0,A~906%pzK۾{Ggˡbm_ @SE5;`׾UQZ?r! $ʘ5T[=Prz֛VA",76 З_ʮd6]&Uo!ǟ5(Zϸ:Y:7Xr>5*z DX}#$8%86F(dQm_cYMV#G",,Ũ2(4qX%^t<Uȑ!'ȦLj< 2~KV :AжgUȑA]?e(Q;nsK?t8к QZ,|n0LbjRlA :mfvtHeG+%È#fR֕:t. =!C̗jbs'3ŵ$5p(9M1A=dG3NZu W;vZ#I֗FKόf=G}fi*#y}b FV:X#".h׌&` Z,@"q}n1 EUDڈe/.Iɼs[FKIjųF 9JXbc6N6Ϫ*DUԉSOcD+ƈXc+bż[FD-gcD$jeFwj?#™CyHD9a3nc ͈4̞lؐ>#J^7ߪt?cj<>FL}磵%e; L/ ]^-o/"&bj66GKjϿGe eҪwHqkޟ*'`0DҾ <(&pRQ/s7U*5?sb|g6atRj+UZPLEBv 'ʤsIuMXR}){&&uAu"N|xpX?;(F14 Tv01!N T]⻣ypv.ku4>DžvfCh1 ~dK"⚞9K!YE=2h >7لuS;;jFG*m;J0[ۙo<z=rk@)MI=OӪwH%>`z G%b7T~ARhiw!zDXrMP ϿL1{"]q*VcLeGr![x8Y_H!v X!7G wS8D",{yv籕p+b"=bI\M;ɂg+ϣ#(a+7wr;Ɠ8.ǹ}Ff-cPH_Us`+[V*ra=s3Z;4  duk& M[: Yck={qQMZfip`pt|ǻ[XN)CcKuR=D]\:=ۏ 6Du+*?{<<ks'U[?h<*0 zD8.^ԷLmz(hгڱ786U@Go }2xЋOoMfCfFpjBu|{볹xYΊߕ6lTy SO,YC5g/.I[O ߃Ml=h@"+s_>_l=$ƃL|BVq;s%t,>*^ʭD8n:7<'H}AfiZBc'{xs*2лr0|p$(_6mm[Z3u䥮oB|gG &oC"[,~N=o "r[2uuNe/.*"8q_1]̎D8?u;~DX]rjtqHdSSM;fҺ{ݻE@ߘ_Ӷgp۳!:s՘uR%N<lOevQ{{7A51SH}ځ)xl,N/!モ5. @"ͷ#C4ںqz R%QQ&?xb/i^zESyclmۙCyG4A>gt+-,6=kdl>-{^zD8I?Qb? XQ9Xbµ9lqiƿ .qzlr_$ ӼڙMp +Oxϝ uWDDTU; 'jϿuk\m2>_lZң}!Ndt{o.2a0ڱ"hd6*ҾUyqE$[/$I&+Z06_]=S;zuI '<zѤ%W͘k\Ù,$ ,i^z5&|r/rj4~ݧU晿JD=kl%m*IpU-3&wS$ zy;zn}{PcውSj],Ɨ) :׹"-3[l5`&D$B~pU%H 'YlYv֞/ ^ϝ5խvDoyU2c~yDWDӹRHٯf?M՟`'eDD'f)¢6\c6K|/8߲#>c$%uhO[7hg5])T7M}= gWw>]0,Ɨ$.nƱS=5]uX8$+z~3D=_U+}[^?XՏ=% E^Ok/Eĥ-?,y!""929z8$TV^yaʖC)ʵῴϟaeݖC ߝjLւ*^m]կڱؾϑs㒦xh~ڭNTV^jq#=EDĘ m/k{) ͵7Mul&czs6M/ "Bmb$stfޫ2{v) ZILD']|#awM'K,z30ϹQ6ҥsS %Mc|^!X[3nRэڑjpOb%XйkLjmxDo/ m{=%LHW]XcG?׭㓘Voj_D` ='ՙpVue, <^?JАӡ"3_>鹠.,w8+Y>,^SY"b&1Oўx0D_mGV!voXϗ1AX >.͋'k|Ra󕪺:[iS=^16zL`{8LTOVKά9֎,&š[yDTJnF4 lԈvxuv# vDeº= EUv,G+AruxTV-{<7':{kԌT]OߪjjT=9=*:.Pε'v.ފ2,("^k_~ZߕB׼i7q50;gsIzi1cͥjf%9ܰ__(3{Tu̅KoGk^nq3T~&DX;eE@]ڙ-YkgQIVW~c.TTֈG.> endobj 18 0 obj << /Type /ExtGState /BM /Normal /ca 0.3 >> endobj 19 0 obj [6 0 R /Fit] endobj 20 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 21 0 R >> endobj 21 0 obj << /Filter /FlateDecode /Length 2149 >> stream xXnF}'!"}#buq$Qqh!e#|ɞ&F SU>}Nuu5Wq1 ﶫw7DdQ*IIFnJʢw,r?O8vsk"u7EE$EWaqDʴdhI6]5j~BU$i/B>[SVSWW]3BF)mmW ,zwdw@.oY\UQbiUVH^>}=?tjZ{bDZ}_%2e {j7($9'Ů_]=<3-aWR7'󮜉҈e1ϖrSPwDŽ$II;DD/Ezl"gSR(Pd\wmG'CWEWJT%"lIkK 4a?/|9Rcx;Ϸo5C Ƒ:dծnbd*|){>VXa]JCC1?\n6gku1IV@zj`Gf(TSm=woz'@:̲U(el = \]B.?mN #˂ []$(5/luÀ>!8mF-}<*6 QE[@EȑYIU7)/7~%Qד4dOBu9$0STT̰͋Lq0$pdchG$ϓeGˈ4 Ee1%nDBI]QҔ8l?OT+7-3.eny5ađ1ž#Cz8{>#M~@eyqWN Rx2>v+V%QP/pȔ9ag93۾7F(fg7zZl֜{B95 l ]"όIv'mەі2gfL ׎ ۼ֕-` l Tӗŀ*`J/N_FqdL}o>QnؼOѭBN_Fj*ct2apД;})Eݘ^_ެ܎69;`/) dU!Vr4#M"Ed(p+jk34e 5fJZ^4u'V }a&GLH6T i){MC2j5& iޛц0gg7ZlsՔ8?t>l[Bdž[1-̌+q`fp$wkkvhþnԱ,6kNྲྀpPŝ"8LcY-݉rLfveE̙=#9GrlkX͝Uaܒ;tp;⑲1rvVړYXs6etVڡY,*םX+knhýn,6o*X")\gb)%}t/謴QY5!>^Yޮ܌̸93`TVdZNE|*a=*sl.AmS?iSr׃XөOAI7M&럴I<>NUޮ܌̸93`jm͗'\r~Jrq臶7gQ: +3o}G4ВyX:MeH?4';!2R *Q{vdumL?_x3]`Ǒ rGpN֛dzf=R v >A.]Tx\7x\ï`_WPHjgę\Mؓ7WXp;nj"Ef" J nH3#7piyY8VNu`hvI#p9#p`:q._W8f=ߵEF}&,L A*C4]rQOzT>3ט-6ƎEF%t}*F{m MG?? endstream endobj 22 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 23 0 R >> endobj 23 0 obj << /Filter /FlateDecode /Length 2220 >> stream xXrF}WVR%+yqI([X$ JI@@{]߳/3+HFU Lw9,,s7 B夐4JTIJ 9dEVHϸ`"$Jؓ*S*x]e4]x[fYYU.Hb ~z*% Ѻ(RO֝w(d) "ObwtTh#{\]lsWdC(9QS~&rBq`7jj?6#mW;ҴsWo, 'LhR)@W*0 <4a Ua%ycq;wǠ͋60LaJ%i9M]0"݊aOv{dubp7OjZ};?7z8TI"NzNU! Q2r \{N`iXĺe%xآHu ܚŀr/7/3|~kČg5fuw,}mH_x~=vXhibHnImR$m6BlNt3 ʙO9aʗMyJsSΈ2݉!º;퐉r{Dzm< 6DX%WjoaV(oYxRYX5L x޻= rV%?M]Gfs0feQ\nR(8U<4[aW{Xj )^v'P٩_5V YЌ濫*.fQ跀u KYr|u/0/8UH~Bׯ]w 6$pFn[Lz G`8c/(;?׻z#"ج`] Cjl j3;qL/;f;~?Vm3L-~}}FneToV TSYZSZmL vg堤F~m'dCp6"Eq*H(9  m׈L*0Dh^ !vX=xؼh݁ 4 $t&R'Q2 $FIN !h!;\}ls݁bjyqPaEAtP2{_C{6Y0Ci`'`.`ADJJ!}"PĘ>~w;u޻Km1}07|Hle>Jj"݉1}; =r{DzmAK fZ E!ΩnO w1+4a9h|Rlqgӧ5HæODh+~%-P2g$fzkUkoӠz4-_xusO`> endobj 25 0 obj << /Filter /FlateDecode /Length 1912 >> stream xXn8)BR$%%pl'`gnVGR'}<~Hrk "Ub,cQl.8Ҍ i\$3Z^ZjejC/^`gV[~m_okusmyκ-5[;شU_7KK^7w~Lg%!xΘOzJ|s.K`[[mX:v_wgnUdu+ |sޮOmՇm[u}{Z^nҮi[$ۯ4ZHRi^ gkoML?~Gl}>{\ހ)KJ~?/JXHI{J9* %<˙r$j i}QL!3V )8Ji=\g<]WPNUƋtMϴ2ws(Mey(2>"]!2Qzm~M˼323\/amVAUMoFQscnBJ8#,@jG%<2g Qc1`}bnIOll h 0+",ȤN#VO`!2)SGrEX!2Qz>EzmG,J/Y?`Ȕ0YTLd%{C+R٪9u r:Lșz+K-2 s͝}޶ OE-EpiEߴնwrpv8%֋۪nϏX)xiTwV@ͮ^`:sn$0iRg,A"td ՎTfʽ(3QU rWߞ79 yR8|:wQcΛ4!PKZ%29:$Z9<&[\\L=6Dؤ1Ѷ@B0aEHxS 4mbjH׃~wL"Ol~OKw6/z%mڪ?8Ѽ4p2qG"$I.;LLv cxH478&2&:T$TEc"my2pg.C$6<qCHHɘ=}d&>rA{my9,+R߻:ss}o;Z˗ۺg&/g 0 -:ÇhY+T\E|TZ(4%Pt9# >t? ;#>$ הɬʈyb''|uy#3I }\m?‡,p]:fniΖnj.fS ӮG[9!tCGn3a$`貈i!vL}‚v`[ Gt!渄D:Aat3d@nEb'tuy"ySn|iK[W$t0u}oZ.=?_E7{ 60vt)T~]sD1::'بT\ؿ(3LF/^йpſy9v\F 6Mn;]]ng]aa5IlZWYo/n$B BdlO/ri 8cPPx,.2d=MdH6@&ڣ4oßfhnݔL_1nf.9Mؽ"fT>&83c܏x4y"AgEՃ%CnLjvSMZV^K-1rv}e(2(1j ^7UCo Μ=r endstream endobj 26 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 27 0 R >> endobj 27 0 obj << /Filter /FlateDecode /Length 2572 >> stream xY͒FS)To?{Ǖ!΁f$֏'ʫuO@7%:U@4>:R7'w–EpZTwsJR-.~]ܽWww6vinmB]g?/Y[:kPR< %W`T^DҘx/@tb :ma2| j%{{/O"< yvBu['b#qUtf]ɻ,*k&>QuN')3l2L?[D˪p=.|lb}m6bvl7lmNy~lv|myUD>X(.!U2M(Lj=أtE1AM1ٴ;G{b#q>AmuxPhUfR j7C c5n [E8P(N@T;*r+|>l7׶yEnXtϛkLcfjʌM)?N_o+ -ˬP\I\QQI Yj. ؋{?>{cKjUwpYM.T㨺PTYQxrMa딹c'~\]A )pκ|?=oz.fq+>>87>\xr9[pZ-DU!mPa Kbciw%Y)|R2[p,OA!c N %m{ONcf926N Fb !_v'EX/EV 2[֛vp[Ǒ9Y%`,J(2# ɂ-aBJ$2>wd(F< ,PLA*# ɂ %KN PSVL +?KoJbciw"Y@#ŖDc3beU&ˈ*gbbbiwL3Gc^)q`8Br^\_%hf{l?t{h0UVOVFP3o 3CsO*gFb(yho=YbC6*aFspUf]BpPPtYQdy=vSf:e.zOV< rofMo?˼Cqo{8y_wjp]_L 'L3ƲPL9=8F= ukVaZx٪ p.#4[?<4)/'d] BpPE֨#X&3 'P(R'pOB77!~󠪀AQ' ؿB(* ȱW]P endstream endobj 28 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 29 0 R >> endobj 29 0 obj << /Filter /FlateDecode /Length 2523 >> stream xr6z>m%1O~d.YN9l*@`4,ϐccUy<;Id PэF@sۻ7$DhFΒt/%q0ᰫVe_554</(kƾXT}Q]oUaX;X"tA[=0zPo~m_w_$jAM2uWwFQUEgU{YqWf*)R`m6fP+wOߘ;X<_8G ?/QmͱC۬=fP8E\266\.ג%r=_ͧEb7C{J_Ϟ .t ] 'R{si"c 5 z1)c"c co^ MU":V]$Gb <3w>26Ct! wWmY34x@$# TnzҪv7ԝnU$DŽ"F=% yĈUcY`b!U'Fs%8YwY;o^AU`f3Y׉TEĈ{7 XQ̝L#F"=6 #Zڧ\Eߛze𧢮)Ajv( %"5Rt eZ2HDYCL4A:Q"ԉˈv]osw"#p" Yx"ߝ8{m`G΍|y.xiPCҋc;BźP`ASTVcAr%+<VLEꧪr^MŤd>^ c0aəJN!2!@2E+w's7s"3YwH;liŖ qsyA/ΐ`%k qY{ q$3 x:8OMOur% 5f~Z m 7|B)b/((SB+fXK\Em"Z1{˘I/ 󑃠=rY9 ߼8:( i h#+8K|C4cG1P;m`G΍>EzmJTR 7}Y趬?ثbdk:|ބqcλI,̺ψ?MڂaVe]7=2ѱ]S5-5-feΰUV!9A`!B-cU%NMT" BTt;qB?wxmdGw(z&Q}Ort&Kx&Ym/jAľKg}du97mTe:/zUV'0^X\mӶXڴ~$sR8;Uj3mO]<#.5,q*p)_Sojn7P[' _ۂ W ّ>IV2zS` |D6Z 8b+r\!txS`E _39N n^Ef"Gqu_E|˂m[v•`]rjpu U!f +TY߆р]USSÙPK{f5ز{g_zVҳXurPup|<|;>`;n^{L^rdN~VsjYop:}nTwHm 6HljUgKf-ZjA2wt{ɞ Ӟ>=ߟlOF%W}euZC `"톶}uڠ>̦ku %{v.ݝ߉Ŕ,e?oSoQ[6dWˆ(xֶ,PkI/&SZzbK TRMm.(~73…@E+qSHXl?gb^:p 6a h>r5I&|ei V8iSu Š1>5`i%m %o0 77e/ƾ )IaIrϽ endstream endobj 30 0 obj << /Type /Font /Subtype /Type1 /Name /F5 /BaseFont /Helvetica-Oblique /Encoding /WinAnsiEncoding >> endobj 31 0 obj << /Type /Page /MediaBox [0.000 0.000 595.280 841.890] /Parent 3 0 R /Contents 32 0 R >> endobj 32 0 obj << /Filter /FlateDecode /Length 1450 >> stream xWn6}Wc4I÷ '($e-QRJ@/PVݠX@rsf(iV K), 8zb uOx  7?u`:fSvOf-)nE Fnj(·ϭ2MA@"{ ' TkBl{[>4Ҕ[Y @7-a=d)Is҅H֍v oR;N)6dfgi;Cl68;Qbj`8m1iMm@Q-EY Ҫj+hTVP*-j`({QQ_ kT :&g:Lgϒsi*ںclu!nKKJaiܤ̦ϑ^Nk lhTD}|]ZKviA ƨ˦k}8# Gr'!T3ķo;KHYɸ6I45 `9xsp&St<hg)mSwaswhg߷92>{wؓ0swzsǹ0nfxӎ[~MF2~3Ȯ™ ID 3.5m>JHaVV*|]Y?#G~|l^.Uޫ-oK+ i;XmO4) pBNR#B6BnѴMm lE[" #oonDs~vĄ>V9?Of}Bvf=N@mR+i pmcD$0)(\SNb˘+' q"Y)PLj=֤Z=% '̰ }_Ο.F[g+lT54Ġ+Xr4_pYxI|8NXD#Wְ7MWk'OCX(quc}]OsD[@C_ypD#NyYA{83·0Ab |D#yoYL;2m[*\'d厜$8Kd&;Rݪis:l\4J䳰= 'Igm3zV(Ymug h`,:-) cq^oNnnޝ],.nf3) H60rRq7x+}2G9I(9\o_C@'mW{S 36?*wؘ0i^ v}'%bN7b;$%SdZc$x&oE:^M,]xaKp1d(1o+'ӻn3{ endstream endobj 33 0 obj << /Type /ExtGState /BM /Normal /CA 0.67 >> endobj xref 0 34 0000000000 65535 f 0000000009 00000 n 0000000074 00000 n 0000000120 00000 n 0000000486 00000 n 0000000523 00000 n 0000000672 00000 n 0000000775 00000 n 0000002606 00000 n 0000002715 00000 n 0000002823 00000 n 0000002931 00000 n 0000003044 00000 n 0000011216 00000 n 0000011273 00000 n 0000011330 00000 n 0000045239 00000 n 0000059946 00000 n 0000060005 00000 n 0000060064 00000 n 0000060093 00000 n 0000060198 00000 n 0000062421 00000 n 0000062526 00000 n 0000064820 00000 n 0000064925 00000 n 0000066911 00000 n 0000067016 00000 n 0000069662 00000 n 0000069767 00000 n 0000072364 00000 n 0000072480 00000 n 0000072585 00000 n 0000074109 00000 n trailer << /Size 34 /Root 1 0 R /Info 5 0 R /ID[<0e7f2b7e50a662e05240dd64eb5e0595><0e7f2b7e50a662e05240dd64eb5e0595>] >> startxref 74169 %%EOF Obtain a Merchant Banking License in Nigeria (2026 Guide)

How to Obtain a Merchant Banking License in Nigeria (Full 2026 Guide)

With over ₦15 trillion in corporate financing transacted through merchant banks in Nigeria over the last decade, the sector has become a cornerstone of the nation’s financial architecture. Yet, obtaining a Merchant Banking License from the Central Bank of Nigeria (CBN) remains a highly regulated and competitive process. From raising a minimum capital of ₦15 billion to meeting strict compliance and governance standards, this guide breaks down every step you need to navigate the licensing maze successfully. Whether you are an investor, legal consultant, or financial operator, this definitive 2025 guide is your key to unlocking one of Nigeria’s most elite financial licenses.
How to Obtain a Super Agent License in Nigeria (A Complete 2025 Guide)

Merchant banking plays a pivotal role in Nigeria’s financial ecosystem, offering specialised services such as corporate finance, underwriting, asset management, and advisory services to high-net-worth clients and corporate entities. Unlike commercial banks, merchant banks focus on non-retail clients, facilitating large-scale financing and capital market transactions. This guide distils the Central Bank of Nigeria’s (CBN) official regulations and procedures into clear, actionable steps, ensuring that aspiring merchant banks can navigate the licensing process with confidence.

1. Regulatory Framework

  • Governing Law: Banks and Other Financial Institutions Act (BOFIA) Cap. B3, Laws of the Federation of Nigeria 2004.

  • Issuing Authority: Governor of the Central Bank of Nigeria under powers conferred by BOFIA Section 57(1).

  • Key Regulation: CBN Scope, Conditions & Minimum Standards for Merchant Banks Regulations 2010.

2. What Is a Merchant Bank?

A merchant bank in Nigeria is a financial institution licensed to:

  1. Take large-value deposits (minimum tranche of ₦100 million).

  2. Provide finance and credit to non-retail clients.

  3. Underwrite and issue securities, and coordinate capital market transactions.

  4. Offer advisory, treasury management, asset management, and other bespoke financial services.

3. Eligibility Criteria & Minimum Standards

Requirement Detail
Minimum Paid-up Share Capital ₦15 billion (or higher as prescribed by CBN)
Capital Adequacy & Liquidity Compliance with CBN’s prudential guidelines
Corporate Governance Adherence to CBN and NFSSCA governance standards
Internal Control & Risk Management Frameworks to identify, monitor & report risks
Accounting Standards IFRS-compliant financial reporting

4. Permitted & Prohibited Activities

Permitted Activities include:

  • Deposit-taking (₦100 million minimum per tranche)

  • Corporate finance & credit facilities

  • Foreign exchange dealings

  • Underwriting & issuing securities

  • Advisory & consultancy services

  • Asset & treasury management

  • Proprietary trading & custodial services

Prohibited Activities include:

  • Retail banking (loans to individuals)

  • Checking account services

  • Insurance underwriting services

  • Holding equity interests beyond six months in IPOs

5. Three-Stage Licensing Process

  1. Approval-In-Principle (AIP)

    • Application Addressed To: Director, Banking Supervision Department, CBN, PMB 0187, Garki, Abuja.

    • Key Documents:

      • Non-refundable application fee: ₦500,000

      • Feasibility report/business plan

      • Evidence of deposit of capital: ₦15 billion in escrow

      • Shareholders’ bio-data, resumes, source of funds

      • Memorandum & Articles of Association draft

      • Organisational structure, IT & staffing plans

  2. Grant of Final License (Within 6 months of AIP)

    • Non-refundable licensing fee: ₦5,000,000

    • Submission of:

      • Certified copies: Certificate of Incorporation, MEMART, Status Report, Forms CO2 & CO7

      • Evidence of Head Office premises & facilities

      • Security, IT infrastructure, bullion lorries, etc.

  3. Pre-Commencement Requirements

    • Notification of readiness to commence operations

    • Documents:

      • Clearing House admission evidence

      • Share certificates & register

      • Draft opening statement of affairs

      • Insurance policies (CIT, vault, etc.)

      • Security & operational manuals

6. Detailed Step-By-Step Guide

  1. Pre-Application Preparation

    • Conduct market research, draft feasibility study

    • Assemble promoters with proven “fitness & properness”

    • Prepare detailed business plan & financial projections

    • Secure escrow deposit of ₦15 billion

  2. Submission of AIP Application

    • Address cover letter to CBN Director, Banking Supervision

    • Attach all required documents & pay ₦500,000 fee

    • Await CBN’s 60-day review period for AIP decision

  3. CBN Review & AIP Grant

    • CBN conducts background checks (SEC, NDIC, NAICOM, CRMS)

    • CBN may request additional information or clarifications

    • Upon satisfaction, AIP issued with conditions & timelines

  4. Final License Application

    • Within six months, submit final documents & ₦5 million fee

    • CBN examines compliance with AIP conditions

    • License issued upon full satisfaction

  5. Pre-Commencement & Commencement

    • Notify CBN in writing of operational readiness

    • Fulfill ICT, security and clearing house requirements

    • Receive “No Objection” to begin operations

7. Costs Breakdown

Item Amount (₦) When
Application Fee 500,000 AIP Submission
Escrow Deposit (Capital) 15,000,000,000 AIP Submission
Licensing Fee 5,000,000 Final License Submission
Professional/Legal Advisory 2,000,000+ Throughout process

8. Timeline & Best Practices

  • AIP Review: 60–90 days

  • Final License Grant: 30–60 days after complete submission

  • Pre-Commencement Clearance: 2–4 weeks

  • Total Duration: 4–8 months

  • Tip: Engage experienced legal and compliance consultants early to ensure swift approvals.

9. Common Misconceptions

  • “Retail banking is allowed.” × Merchant banks cannot grant retail loans or offer checking accounts.

  • “Paid-up capital can be borrowed from banks.” × Any debt financing must be at least 5-year tenor and non-bank sourced.

  • “AIP holders can immediately commence operations.” × Operations begin only after final license and pre-commencement clearances.

10. Frequently Asked Questions

Q1: Can foreign investors participate?
A: Yes, but not through offshore/tax-haven entities; individual and corporate investors must demonstrate fitness and properness.

Q2: What happens if AIP lapses?
A: Failure to obtain a final license within 6 months requires a fresh AIP application.

Q3: Are there annual reporting requirements?
A: Yes, merchant banks must submit quarterly and annual prudential reports, an independent control report by Jan 31 each year.

Q4: Can the CBN adjust capital requirements?
A: Yes, the CBN may revise minimum capital from time to time in line with systemic risk assessments.

Q5: Is the licensing fee refundable?
A: No. Both application (₦500k) and licensing (₦5m) fees are strictly non-refundable.


This guide, anchored entirely on CBN’s official regulations and circulars, equips you with every detail; from statutory standards and fee schedules to step-by-step procedures and key timelines, positioning your application for a seamless merchant banking license process in Nigeria. Ensure strict adherence to each requirement, engage reputable advisors, and maintain open communication with the CBN to secure your license and become a pillar of Nigeria’s financial services landscape.

Want to Speak with a Consultant?

Start a One-on-One Conversation With One of Our Senior Corporate/Litigation Law Experts.
Share this article

Related Posts

Product Certification in Nigeria: What the NIS Certification Mark Really Means

In Nigeria, SON operates both mandatory and voluntary product certification schemes, yet many manufacturers still confuse MANCAP with the NIS

Employer-Based Health Insurance Scheme (EHIP) Registration in Nigeria

With Nigeria’s health insurance framework making coverage mandatory for employers and employees in private-sector organisations with five or more staff,

Environmental Management Plan (EMP) Certification in Nigeria: The Compliance Document Most Businesses Ignore Until It Is Too Late

Did you know that environmental non-compliance can lead to project delays, regulatory sanctions, and even the suspension of business operations

error: Content is protected !!

Before you Leave!

Do You Want to Speak with a Senior Corporate Law or Litigation Expert?

OR