-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MN+FDXnlnwDGKMikVVE5SR3nXJyja9J0K37W89PLiMQFxQyVFFeBsWptja3yPEhx
 giZ/E15xAWS2NbMiN1QXCQ==

<SEC-DOCUMENT>0001362310-09-005176.txt : 20090410
<SEC-HEADER>0001362310-09-005176.hdr.sgml : 20090410
<ACCEPTANCE-DATETIME>20090410154526
ACCESSION NUMBER:		0001362310-09-005176
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20090519
FILED AS OF DATE:		20090410
DATE AS OF CHANGE:		20090410
EFFECTIVENESS DATE:		20090410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grand Canyon Education, Inc.
		CENTRAL INDEX KEY:			0001434588
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				203356009
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34211
		FILM NUMBER:		09745171

	BUSINESS ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
		BUSINESS PHONE:		602-639-7500

	MAIL ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>c83762def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>Definitive Proxy Statemnet</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="center" style="font-size: 14pt; margin-top: 6pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>SCHEDULE 14A</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt">Proxy Statement Pursuant to Section&nbsp;14(a) of the Securities<BR>
Exchange Act of 1934 (Amendment No. __)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Filed by the Registrant <FONT face="wingdings" size="2">&#254;</FONT><BR>
Filed by a Party other than the Registrant <FONT face="wingdings" size="2">&#111;</FONT>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box:

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Preliminary Proxy Statement</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD><B>Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-</B><B>6(e)(2)</B><B>)</B></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Definitive Proxy Statement</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Definitive Additional Materials</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Soliciting Material Pursuant to &#167;240.14a-12</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&nbsp;</DIV>

<DIV align="center" STYLE="FONT-SIZE:14PT">
<B>Grand Canyon Education, Inc.</B></DIV>
<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
(Name of Registrant as Specified In Its Charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">&nbsp;</DIV>

<DIV align="center">
</DIV>
<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Payment of Filing Fee (Check the appropriate box):

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#254;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>No fee required.</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(1)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Title of each class of securities to which transaction applies:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(2)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Aggregate number of securities to which transaction applies:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(3)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Per unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule&nbsp;0-11 (set forth the amount on which the filing fee is calculated and state how it was
determined):</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(4)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Proposed maximum aggregate value of transaction:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(5)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Total fee paid:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Fee paid previously with preliminary materials.</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="1%" nowrap align="left" valign="top">
<FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD width="1%">&nbsp;</TD>
<TD>Check box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its
filing.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(1)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Amount Previously Paid:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(2)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Form, Schedule or Registration Statement No.:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(3)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Filing Party:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">(4)</TD>
<TD width="1%">&nbsp;</TD>
<TD>Date Filed:</TD>
</TR>

<TR>
<TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR>
<TD width="2%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD style="font-size: 10pt"><DIV align="left">

</DIV></TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<TD width="2%" style="background: transparent">&nbsp;</TD>
<TD width="3%" nowrap align="left">&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c83762c8376200.gif" alt="(GRAND CANYON UNIVERSITY LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">3300 W. Camelback Road<BR>
Phoenix, Arizona 85017<BR>
(602)&nbsp;639-7500

</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">April&nbsp;10, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Dear Stockholder:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">You are cordially invited to attend the 2009 Annual Meeting of Stockholders (the &#147;Annual
Meeting&#148;) of Grand Canyon Education, Inc. (the &#147;Company&#148;) to be held at the Ethington Theatre on
the campus of Grand Canyon University at 3300 W. Camelback Road, Phoenix, Arizona 85017, commencing
at 10:00&nbsp;a.m. local time on Tuesday, May&nbsp;19, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The notice of annual meeting and the proxy statement that follow describe the matters to come
before the Annual Meeting. Each holder of record of shares of the Company&#146;s common stock
(NasdaqGM: LOPE) at the close of business on April&nbsp;3, 2009 is entitled to receive notice of and to
vote at the Annual Meeting, and any adjournment or postponement of the Annual Meeting. Shares of
our common stock can be voted at the Annual Meeting only if the holder is present in person or by
valid proxy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We hope that you will be able to attend the Annual Meeting in person and we look forward to
seeing you. Please mark, date and sign the enclosed proxy and return it in the accompanying
envelope, or submit the enclosed proxy by telephone or through the Internet in accordance with the
instructions set forth on the enclosed proxy card, as quickly as possible, even if you plan to
attend the Annual Meeting. You may revoke the proxy and vote in person at the Annual Meeting if
you so desire.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Sincerely,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c83762c8376201.gif" alt="-s- Brian E. Mueller">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Brian E. Mueller<BR>
<I>Chief Executive Officer and Director</I>

</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>VOTING METHODS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The accompanying proxy statement describes important issues affecting Grand Canyon Education,
Inc. If you are a stockholder of record as of the record date, you have the right to submit your
proxy through the Internet, by telephone or by mail. You also may revoke your proxy at any time
before the Annual Meeting. Please help us save time and administrative costs by submitting your
proxy through the Internet or by telephone. Each method is generally available 24 hours a day and
will ensure that your voting instructions are confirmed and posted immediately. To submit your
proxy:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>BY TELEPHONE</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On a touch-tone telephone, call toll-free 1-800-652-8683, 24
hours a day, seven days a week, through 11:59&nbsp;p.m. (PT)&nbsp;on May&nbsp;18, 2009.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Please have your proxy card and the last four digits of your
Social Security Number or Tax Identification Number.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Follow the simple instructions provided.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>BY INTERNET</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Go to the web site at www.investorvote.com/LOPE, 24 hours a
day, seven days a week, through 11:59&nbsp;p.m. (PT)&nbsp;on May&nbsp;18, 2009.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Please have your proxy card and the last four digits of your
Social Security Number or Tax Identification Number and create an electronic
ballot.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">c.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Follow the simple instructions provided.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>BY MAIL (if you submit your proxy by telephone or Internet, please do not mail
your proxy card)</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mark, sign and date your proxy card.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Return it in the enclosed postage-paid envelope.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">If your shares are held in an account at a brokerage firm, bank or similar organization, you
will receive our proxy statement and our 2008 annual report, which includes our audited financial
statements, from the organization holding your account and you must follow the instructions
provided by such organization to submit your proxy.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Your vote is important. Thank you for submitting your proxy.</B>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Notice of Annual Meeting of Stockholders<BR>
to be held on May&nbsp;19, 2009</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">To our Stockholders:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The 2009 Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) of Grand Canyon Education, Inc.
(the &#147;Company&#148;), will be held at the Ethington Theatre on the campus of Grand Canyon University at
3300 W. Camelback Road, Phoenix, Arizona 85017, commencing at 10:00&nbsp;a.m. local time on Tuesday,
May&nbsp;19, 2009, for the following purposes:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To elect a Board of Directors of seven directors, each to serve until the next
annual meeting of stockholders or until their successors have been duly elected and
qualified or until their earlier resignation or removal;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To ratify the appointment of Ernst &#038; Young LLP as our independent registered
public accounting firm for the fiscal year ending December&nbsp;31, 2009; and</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To transact such other business as may properly be brought before the meeting
or any adjournment or postponement thereof.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our Board of Directors has fixed April&nbsp;3, 2009 as the record date for the determination of
stockholders entitled to notice of and to vote at the Annual Meeting or any adjournment or
postponement thereof. For 10&nbsp;days prior to the Annual Meeting, a list of stockholders entitled to
vote at the Annual Meeting will be available for inspection in the offices of Grand Canyon
Education, Inc., Office of the General Counsel, 3300 W. Camelback Road, Phoenix, Arizona 85017
between the hours of 8:30 A.M. and 5:00 P.M., local time, each weekday. Such list will also be
available at the Annual Meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Your proxy is important to ensure a quorum at the meeting. Even if you own only a few shares,
and whether or not you expect to be present, you are urgently requested to submit the enclosed
proxy by telephone or through the Internet in accordance with the instructions provided to you.</B>
<U><B>If you received a paper copy of the proxy card by mail, you may also date, sign and mail the
proxy card in the postage-paid envelope that is provided.</B></U><B> The proxy may be revoked by you at
any time prior to being exercised, and submitting your proxy by telephone or through the Internet
or returning your proxy by mail will not affect your right to vote in person if you attend the
Annual Meeting and revoke the proxy.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Important
Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to
Be Held on May&nbsp;19, 2009. This proxy statement and our 2008 annual report for the year ended
December&nbsp;31, 2008, are also available at http://materials.proxyvote.com/38526M.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">By Order of the Board of Directors,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c83762c8376202.gif" alt="-s- Christopher C. Richardson">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Christopher C. Richardson<BR>
<I>Secretary</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Phoenix, Arizona<BR>
April&nbsp;10, 2009
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>TABLE OF CONTENTS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 6pt" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">GENERAL INFORMATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#102">Availability of Proxy Materials</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#103">Record Date and Quorum</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#104">Submission of Proxies</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#105">Stockholder Proposals</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#106">Quorum</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#107">Vote Required</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#108">Adjournment or Postponement of Meeting</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#109">Expenses of Soliciting Proxies</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#110">PROPOSAL NO. 1 ELECTION OF DIRECTORS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#111">Composition of our Board of Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#112">Directors and Director Nominees</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#113">Board of Directors Meetings and Attendance</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#114">Director Independence</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#115">Committees of Our Board of Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#116">Code of Conduct</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#117">Director Nomination Process</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#118">Compensation Committee Interlocks and Insider Participation</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#119">Stockholder Communications with the Board of Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">

<TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#120">PROPOSAL NO. 2 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#121">Fees</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#122">Approval of Independent Registered Public Accounting Firm Services and Fees</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#123">AUDIT COMMITTEE REPORT</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#124">EXECUTIVE OFFICERS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#125">EXECUTIVE COMPENSATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#126">Compensation Discussion and Analysis</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#127">Compensation of Named Executive Officers</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#128">Potential Payments upon Termination or Change in Control</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#129">2008 Compensation of Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><A href="#130">Compensation Committee Report</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#131">BENEFICIAL OWNERSHIP OF COMMON STOCK</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#132">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#133">EQUITY COMPENSATION PLAN INFORMATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#134">SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#135">HOUSEHOLDING OF PROXY MATERIALS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#136">ADDITIONAL INFORMATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 6pt; padding-top: 1px" valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;-i-&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="Center" style="font-size: 10pt; margin-top: 10pt"><B>Grand Canyon Education, Inc.<BR>
3300 West Camelback Road<BR>
Phoenix, Arizona 85017</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 10pt"><B>PROXY STATEMENT</B>

</DIV>
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 10pt"><B>GENERAL INFORMATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The enclosed proxy is being solicited by our Board of Directors for use in connection with the
Annual Meeting to be held on Tuesday, May&nbsp;19, 2009, at the Ethington Theatre on the Company&#146;s
campus at 3300 W. Camelback Road, Phoenix, Arizona 85017, commencing at 10:00&nbsp;a.m. local time, and
at any adjournment or postponement thereof.
</DIV>
<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Availability of Proxy Materials</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This proxy statement, and our Board of Directors&#146; form of proxy to stockholders, was mailed or
made available to our stockholders on or about April&nbsp;10, 2009. Any stockholder of record whose
shares are registered in the stockholder&#146;s name with our transfer agent, Computershare, will
receive a printed copy of the proxy materials by mail. Any stockholder of record who holds shares
of our common stock in an account at a brokerage firm, bank or similar organization will receive a
printed copy of the proxy materials by mail from the organization holding the stockholder&#146;s
account.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In addition, we are also making our proxy materials, which include our notice of Annual
Meeting, proxy statement and 2008 annual report, available to our stockholders over the Internet at
http://materials.proxyvote.com/38526M.
</DIV>
<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Record Date and Quorum</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Only stockholders of record at the close of business on April&nbsp;3, 2009, will be entitled to
notice of and to vote at the Annual Meeting and any adjournment or postponement thereof. At the
close of business on the record date, we had 45,485,765 shares of our common stock outstanding and
entitled to vote. A majority of the shares outstanding on the record date, present in person or
represented by proxy, will constitute a quorum for the transaction of business at the meeting.
</DIV>
<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Submission of Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Shares represented by proxies submitted by telephone or through the Internet in accordance
with the instructions set forth in this proxy statement, or submitted on the enclosed proxy card
that are properly signed and duly returned to us, and not revoked, will be voted in the manner
specified. You may revoke your proxy at any time before it is exercised by submitting to our
Secretary a written notice of revocation or a properly executed proxy bearing a later date, or by
attending the Annual Meeting and voting in person.
</DIV>
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Stockholder Proposals</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Stockholder proposals may be included in our proxy materials for an annual meeting so long as
they are provided to us on a timely basis and satisfy certain other conditions. For a stockholder
proposal to be included in our proxy materials for our 2010 Annual Meeting of Stockholders, the
proposal must be received at our principal executive offices, addressed to our Secretary, not later
than December&nbsp;26, 2009. Subject to certain exceptions, stockholder business that is not intended
for inclusion in our proxy materials may be brought before an annual meeting so long as we receive
notice of the proposal as specified by our bylaws, addressed to our Secretary at our principal
executive offices, not earlier than the close of business on the 120th day, nor later than the
close of business on the 90th day, prior to the first anniversary of the date of the preceding
year&#146;s annual meeting. For our 2010 Annual Meeting of Stockholders, proper notice of business that
is not intended for inclusion in our proxy statement must be received not earlier than the close of
business on January&nbsp;20, 2010, nor later than the close of business on February&nbsp;19, 2010.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">A stockholder&#146;s notice to our Secretary must set forth as to each matter the stockholder
proposes to bring before the meeting (i)&nbsp;a brief description of the business desired to be brought
before the meeting and the text of the proposal or business, including the text of any resolutions
proposed for consideration and, in the event that such business includes a proposal to amend the
Company&#146;s bylaws, the language of the proposed amendment, (ii)&nbsp;the name and address, as they appear
on the Company&#146;s books, of the stockholder proposing such business and the names and addresses of
the beneficial owners, if any, on whose behalf the business is being brought, (iii)&nbsp;a
representation that the stockholder is a holder of record of stock of the Company entitled to vote
at the meeting on the date of such notice and intends to appear in person or by proxy at the
meeting to propose the business specified in the notice, (iv)&nbsp;any material interest of the
stockholder and such other beneficial owner in such business, (v)&nbsp;the class and number of shares of
the Company that are owned beneficially and of record by the stockholder and such other beneficial
owner, (vi)&nbsp;a description of any agreement, arrangement or understanding (including any derivative
or short positions, profit interests, options, warrants, stock appreciation or similar rights,
hedging transactions, and borrowed or loaned shares) that has been entered into as of the date of
the stockholder&#146;s notice by, or on behalf of, such stockholder or such beneficial owner, and (vii)
any material interest of the stockholder and such other beneficial owner, the effect or intent of
which is to mitigate loss to, manage risk or benefit of share price changes for, or increase or
decrease the voting power of, such stockholder or such beneficial owner, with respect to shares of
stock of the Company in such business.
</DIV>
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Quorum</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The presence at the Annual Meeting, in person or by proxy, of the holders of a majority of the
shares of common stock outstanding on the record date will constitute a quorum for the transaction
of business at the meeting. Abstentions and broker non-votes are included in determining whether a
quorum is present. Abstentions include shares present in person but not voting and shares
represented by proxy but with respect to which the holder has abstained. Broker non-votes occur
when a nominee holding shares for a beneficial owner does not vote on a particular proposal because
the nominee does not have discretionary voting power on that item and has not received instructions
from the beneficial owner.
</DIV>
<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Vote Required</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Election of Directors</I>. The affirmative vote of a plurality of the shares of common stock
present in person or by proxy at the meeting and entitled to vote is required for the election to
the Board of Directors of each of the nominees for director. Stockholders do not have the right to
cumulate their votes in the election of directors. Votes that are withheld, abstentions, and
broker non-votes will have no effect on the outcome of the election.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Ratification of the appointment of the Independent Registered Public Accounting Firm.</I>
Approval of the proposal to ratify the audit committee&#146;s appointment of Ernst &#038; Young LLP as our
independent registered public accounting firm for the fiscal year ending December&nbsp;31, 2009 requires
the affirmative vote of the majority of shares present in person or represented by proxy at the
Annual Meeting and entitled to vote. Broker non-votes will have no effect on the outcome of this
proposal, while abstentions will have the effect of a vote against this proposal.
</DIV>
<DIV align="left">
<A name="108"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Adjournment or Postponement of Meeting</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Annual Meeting may be adjourned or postponed to any other time and to any other place at
which a meeting of stockholders may be held by the chairman of the Annual Meeting or, in the
absence of such person, by any officer entitled to preside at or to act as Secretary of the Annual
Meeting, or by the holders of a majority of the shares of stock present or represented by proxy at
the meeting and entitled to vote, although less than a quorum.
</DIV>
<DIV align="left">
<A name="109"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Expenses of Soliciting Proxies</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We will bear the cost of soliciting proxies. In addition to solicitation by the use of mail,
certain directors, officers and regular employees may solicit proxies by telephone or personal
interview. None of such persons will receive any additional compensation for their services.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left">
<A name="110"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PROPOSAL NO. 1<BR>
ELECTION OF DIRECTORS</B>
</DIV>

<DIV align="left">
<A name="111"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Composition of our Board of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our bylaws provide that our business will be managed by or under the direction of a Board of
Directors. The number of directors constituting our Board of Directors is determined from time to
time by our Board of Directors. Currently, our Board of Directors consists of seven members. Each
nominee for the position of director will be elected at the Annual Meeting to hold office until the
next annual meeting of stockholders or the director&#146;s earlier resignation or removal. Upon the
recommendation of the nominating and corporate governance committee of the Board of Directors, the
Board of Directors has nominated the seven persons named below for election as directors. Proxies
solicited by our Board of Directors will, unless otherwise directed, be voted to elect the seven
nominees named below to constitute the entire Board of Directors.
</DIV>
<DIV align="left">
<A name="112"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Directors and Director Nominees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">All of the nominees named below are currently serving on the Board of Directors. Each nominee
has indicated a willingness to serve as a director for the ensuing year, but in case any nominee is
not a candidate at the meeting for any reason, the proxies named in the enclosed proxy form may
vote for a substitute nominee recommended by the nominating and corporate governance committee and
approved by the Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table sets forth certain information regarding each director nominee:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Committee Membership*</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Brent D. Richardson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Chairman
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">None</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Brian E. Mueller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">55</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">None</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Christopher C. Richardson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">37</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">General Counsel and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">None</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chad N. Heath
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">34</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compensation, Nominating
and Corporate Governance
(chair)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">D. Mark Dorman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">48</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compensation, Nominating
and Corporate Governance</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David J. Johnson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">62</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit, Compensation (chair)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jack A. Henry
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="center" valign="top">65</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit (chair)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Although we currently satisfy the Nasdaq Stock Market requirement that a
majority of our directors be independent, we are relying on the phase-in provisions of
the Nasdaq Marketplace Rules that permit us to have an audit committee comprised of
fewer than three members for up to one year after the date of our listing on the Nasdaq
Global Market. Our Board of Directors expects to appoint an additional new independent
director to the board and audit committee prior to November&nbsp;19, 2009.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Brent D. Richardson </I>has been serving as our Executive Chairman since July&nbsp;1, 2008. Mr.
Richardson previously served as our Chief Executive Officer and as a director from 2004 to
July&nbsp;2008. From 2000 to 2004, Mr.&nbsp;Richardson served as chief executive officer of Masters Online,
LLC, a company that provided online educational programs and marketing services to several
regionally and nationally accredited universities. Prior to 2000, Mr.&nbsp;Richardson served as
director of sales and marketing and later general manager of the Educational Division of Private
Networks, a company that produced customized distance learning curricula for the healthcare and
automotive industries. Mr.&nbsp;Richardson has over 20&nbsp;years of experience in the education industry.
Mr.&nbsp;Richardson received a Bachelor of Science degree in Finance from Eastern Illinois University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Brian E. Mueller </I>has been serving as our Chief Executive Officer since July&nbsp;1, 2008 and as a
director since March&nbsp;2009. From 1987 to 2008, Mr.&nbsp;Mueller was employed by Apollo Group, Inc., a
for-profit, postsecondary education company and the parent company of the University of Phoenix,
serving since January&nbsp;2006 as its president and a director. Mr.&nbsp;Mueller previously served as the
chief operating officer of Apollo Group from December&nbsp;2005 to January&nbsp;2006, as chief executive
officer of the University of Phoenix Online, a unit of the University of Phoenix, from March&nbsp;2002
to November&nbsp;2005, and as chief operating officer and senior vice president of the University of
Phoenix
Online from May&nbsp;1997 to March&nbsp;2002. From 1987 to May&nbsp;1997, Mr.&nbsp;Mueller held several positions
in operations management for Apollo Group. From 1983 to 1987, Mr.&nbsp;Mueller was a professor at
Concordia University. Mr.&nbsp;Mueller received a Bachelor of Arts degree in Education and a Master of
Arts in Education degree from Concordia University.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Christopher C. Richardson </I>has been serving as our General Counsel since 2007 and as a director
since 2004. From 2004 to 2007, Mr.&nbsp;Richardson served as legal counsel in our Office of General
Counsel. Prior to 2004, Mr.&nbsp;Richardson served as the chief operating officer for Masters Online,
LLC, a company that provided online educational programs and marketing services to several
regionally and nationally accredited universities. Mr.&nbsp;Richardson received a Bachelor of Arts
degree in Political Science from Brigham Young University, and a Juris Doctorate from the
University of Arizona College of Law, where he graduated summa cum laude.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Chad
N. Heath </I>has been serving as a member of our Board of Directors
since 2005. Mr.&nbsp;Heath joined Endeavour Capital, a private equity firm based in
Portland, Oregon that currently manages over $925&nbsp;million in
equity capital, in 2001 and has served as one of its managing
directors since 2006. Prior to joining
Endeavour Capital, Mr.&nbsp;Heath served as a principal at Charterhouse Group International, a New
York-based private equity firm focused on middle-market transactions. Prior to Charterhouse,
Mr.&nbsp;Heath worked in the investment banking division of Merrill Lynch. Mr.&nbsp;Heath currently sits on
the boards of directors of Barrett-Jackson Holdings, LLC (dba: Barrett-Jackson Auction Company) and
Skagit Northwest Holdings, Inc. (dba: Dri-Eaz Products). Mr.&nbsp;Heath received a Bachelor of Science
in Business Administration degree, magna cum laude, from Georgetown University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>D.&nbsp;Mark
Dorman </I>has been serving as a member of our Board of Directors
since 2005. Mr.&nbsp;Dorman joined Endeavour Capital in 1998 and has
served as one of its managing directors since 2006. Prior to joining Endeavour
Capital, Mr.&nbsp;Dorman served as an investment banker at Green Manning &#038; Bunch, a Denver-based
investment banking firm focused on merger and acquisition transactions and advisory work for
middle-market clients across the western United States. He also served in the investment banking
groups of Boettcher &#038; Company and Morgan Stanley. Mr.&nbsp;Dorman currently sits on the boards of
directors of PSI Services Holding Inc. (dba: Policy Studies); Skagit Northwest Holdings, Inc. (dba:
Dri-Eaz Products); and Barrett-Jackson Holdings, LLC (dba: Barrett-Jackson Auction Company).
Mr.&nbsp;Dorman received a Bachelor of Science degree from Lewis &#038; Clark College and a Master of
Business Administration degree from Harvard Business School.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>David J. Johnson </I>has been serving as a member of our Board of Directors since November&nbsp;2008.
From 1997 to 2006, Mr.&nbsp;Johnson served as chief executive officer and chairman of the board of
KinderCare Learning Centers, Inc., a for-profit provider of early childhood education and care
services, and from 1991 to 1996, he served as president, chief executive officer, and chairman of
the board of Red Lion Hotels, Inc., a hotel company, each of which were portfolio companies of
Kohlberg Kravis Roberts &#038; Co. Prior to that time, Mr.&nbsp;Johnson served as a general partner of
Hellman &#038; Friedman, a private equity investment firm, from 1989 to 1991, as president, chief
operating officer and director of Dillingham Holdings, a diversified company, from 1986 to 1988,
and as president and chief executive officer of Cal Gas Corporation, a principal subsidiary of
Dillingham Holdings, which was also a portfolio company of Kohlberg Kravis Roberts &#038; Co., from 1984
to 1987. Mr.&nbsp;Johnson received a Bachelor of Arts degree from the University of Oregon and a Master
of Business Administration degree from the University of Southern California.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Jack A. Henry </I>has been serving as a member of our Board of Directors since November&nbsp;2008.
Since 2000, Mr.&nbsp;Henry has served as the managing director of Sierra Blanca Ventures, LLC, a private
investment and advisory firm. From 1966 to 2000, Mr.&nbsp;Henry worked as a certified public accountant
for Arthur Andersen, a national accounting firm, retiring in 2000 as the managing partner of the
Phoenix, Arizona office. Mr.&nbsp;Henry currently serves on the boards of directors of White Electronic
Designs Corporation, a Nasdaq-listed provider of semiconductor packages, memory devices, and
electromechanical assemblies to the aerospace and defense industries, as well as several other
private companies. Mr.&nbsp;Henry currently serves as President of the Arizona Chapter of the National
Association of Corporate Directors. Mr.&nbsp;Henry received a Bachelor of Business Administration
degree and a Master of Business Administration degree from the University of Michigan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Other than Brent D. Richardson and Christopher C. Richardson, who are brothers, there are no
family relationships among any of our directors or executive officers.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="left">
<A name="113"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Board of Directors Meetings and Attendance</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During our 2008 fiscal year following our initial public offering in November&nbsp;2008, our Board
of Directors and compensation committee each held one meeting, each of which were attended by all
Board and committee members, respectively. During our 2008 fiscal year prior to our initial public
offering, our Board of Directors held seven meetings and acted by written consent one time. With
respect to those seven meetings, each director, other than Mr.&nbsp;Dorman, attended more than 75% of
such meetings that were held during each director&#146;s time of service, and each of our directors
attended at least 75% of the aggregate number of the meetings of the board committees on which such
director serves. We do not have a formal policy regarding attendance of our directors at annual
meetings of our stockholders, but we do encourage each of our directors to attend annual meetings
of our stockholders.
</DIV>
<DIV align="left">
<A name="114"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Director Independence</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our Board of Directors reviews at least annually the independence of each director. During
these reviews, our Board of Directors considers transactions and relationships between each
director (and his or her immediate family and affiliates) and our company and management to
determine whether any such transactions or relationships are inconsistent with a determination that
the director was independent. In March&nbsp;2009, our Board of Directors conducted its annual review
and has affirmatively determined that each director other than Brent D. Richardson, who is our
Executive Chairman, and Christopher C. Richardson, who is our General Counsel, is &#147;independent,&#148; as
defined by the Marketplace Rules of the Nasdaq Stock Market. Brian E. Mueller, who was appointed
to our Board of Directors subsequent to the annual review, is not independent because he is our
Chief Executive Officer. Under the Marketplace Rules, a director can be independent only if the
director does not trigger a categorical bar to independence and our Board of Directors
affirmatively determines that the director does not have a relationship which, in the opinion of
our Board of Directors, would interfere with the exercise of independent judgment by the director
in carrying out the responsibilities of a director.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">With respect to Messrs.&nbsp;Heath and Dorman, our Board of Directors considered their roles as
managing directors of Endeavour Capital IV, LLC, which is the general partner of certain affiliated
investment funds (the &#147;Endeavour Entities&#148;), and the fact that the Endeavour Entities own a
significant, although non-controlling, number of shares of our capital stock. See &#147;Beneficial
Ownership of Common Stock.&#148; In addition, the Board of Directors considered the fact that we were
previously a party to a professional services agreement with Endeavour Capital IV, LLC, which
terminated by its terms upon the closing of our initial public offering, pursuant to which
Endeavour Capital IV, LLC served as a consultant to our Board of Directors on business and
financial matters in exchange for a consulting fee. See &#147;Certain Relationships and Related
Transactions &#151; Endeavour Professional Services Agreement.&#148; The Board of Directors also considered
the fact that we were a party to a stockholders agreement with the Endeavour Entities, which
terminated by its terms upon the closing of our initial public offering, and an investor rights
agreement with the Endeavour Entities, among others, in connection with their ownership of our
capital stock, portions of which continue in effect. See &#147;Certain Relationships and Related
Transactions &#151; Stockholders Agreement&#148; and &#147;&#151; Investor Rights Agreement.&#148; With respect to Mr.
Dorman, our Board of Directors also reviewed the fact that his sister-in-law received education
scholarships from Grand Canyon University during 2008 valued at less than $20,000. After reviewing
these relationships between us, the Endeavour Entities, and Messrs.&nbsp;Heath and Dorman, and
considering that the affiliation between Messrs.&nbsp;Heath and Dorman and the Endeavour Entities will
positively align their interests with those of our public stockholders, our Board of Directors has
affirmatively determined (with Messrs.&nbsp;Heath and Dorman abstaining) that, in its judgment,
Messrs.&nbsp;Heath and Dorman meet the applicable independence standards established by the Nasdaq Stock
Market and that these relationships do not interfere with the exercise of independent judgment by
these directors.
</DIV>
<DIV align="left">
<A name="115"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Committees of Our Board of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our Board of Directors directs the management of our business and affairs, as provided by
Delaware law, and conducts its business through meetings of the Board of Directors. Our Board of
Directors has established three standing committees: an audit committee; a compensation committee;
and a nominating and corporate governance committee. In addition, from time to time, special
committees may be established under the direction of the Board of Directors when necessary to
address specific issues. The composition of the board committees complies with the applicable
rules of the Nasdaq Stock Market and applicable law. Our Board of Directors has adopted a written
charter
for each of the standing committees, which are available in the Corporate Governance section
of the Investor Relations page on our website at <I>www.gcu.edu.</I>
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Audit Committee</I>. Our current audit committee was formed upon consummation of our initial
public offering in November&nbsp;2008 and consists of Messrs.&nbsp;Henry (chair)&nbsp;and Johnson. During fiscal
2008, our audit committee met three times, with all meetings occurring prior to our initial public
offering. Our audit committee is directly responsible for, among other things, the appointment,
compensation, retention, and oversight of our independent registered public accounting firm. The
oversight includes reviewing the plans and results of the audit engagement with the firm, approving
any additional professional services provided by the firm and reviewing the independence of the
firm. The committee is also responsible for discussing the effectiveness of the internal controls
over financial reporting with the firm and relevant financial management. Our Board of Directors
has determined that each of Messrs.&nbsp;Henry and Johnson is &#147;independent,&#148; as defined under and
required by the rules of the Nasdaq Stock Market and the federal securities laws, and has also
determined that each of Messrs.&nbsp;Henry and Johnson qualifies as an &#147;audit committee financial
expert,&#148; as defined under the rules of the federal securities laws. For information regarding the
qualifications of each member of the audit committee, please see the biographical information set
forth above.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Compensation Committee. </I>Our current compensation committee was formed upon the consummation
of our initial public offering in November&nbsp;2008 and consists of Messrs.&nbsp;Johnson (chair), Heath, and
Dorman. During fiscal 2008, our compensation committee met one time to approve equity grants made
in connection with our initial public offering. The compensation committee is responsible for,
among other things, supervising and reviewing our affairs as they relate to the compensation and
benefits of our executive officers. In carrying out these responsibilities, the compensation
committee reviews all components of executive compensation for consistency with our compensation
philosophy and with the interests of our stockholders<I>. </I>The Board of Directors has determined that
each of Messrs.&nbsp;Johnson, Heath, and Dorman is &#147;independent,&#148; as defined under and required by the
rules of the Nasdaq Stock Market.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Nominating and Corporate Governance Committee. </I>Our nominating and corporate governance
committee was formed upon the consummation of our initial public offering in November&nbsp;2008 and
consists of Messrs.&nbsp;Heath (chair)&nbsp;and Dorman. Prior to our initial public offering, we did not
have a standing nominating and corporate governance committee, and such committee did not meet in
fiscal 2008. The nominating and corporate governance committee is responsible for, among other
things, identifying individuals qualified to become board members; recommending to the Board of
Directors director nominees for each election of directors; developing and recommending to the
Board of Directors criteria for selecting qualified director candidates; considering committee
member qualifications, appointment and removal; recommending corporate governance principles, codes
of conduct and compliance mechanisms; and providing oversight in the evaluation of the board and
each committee. The Board of Directors has determined that each of Messrs.&nbsp;Heath and Dorman is
&#147;independent,&#148; as defined under and required by the rules of the Nasdaq Stock Market.
</DIV>
<DIV align="left">
<A name="116"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Code of Conduct</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We have adopted our business code of conduct, which applies to all of our employees,
directors, and consultants. The code of conduct includes particular provisions applicable to our
senior financial management, which includes our chief executive officer, chief financial officer
and principal accounting officer, and other employees performing similar functions. A copy of our
code of conduct is available on the Corporate Governance section of the Investor Relations page on
our website at <I>www.gcu.edu. </I>We intend to post on our website any amendment to, or waiver from, a
provision of our code of conduct that applies to any director or officer, including our chief
executive officer, chief financial officer and principal accounting officer, and other persons
performing similar functions, promptly following the date of such amendment or waiver.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left">
<A name="117"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Director Nomination Process</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">When selecting nominees for appointment or election to our Board of Directors, our nominating
and corporate governance committee intends to make such selections pursuant to the following
process:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the identification of director candidates by our nominating and corporate governance
committee based upon suggestions from current directors and senior management,
recommendations by stockholders and/or use of a director search firm;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a review of the candidates&#146; qualifications by our nominating and corporate
governance committee to determine which candidates best meet our Board of Directors&#146;
required and desired criteria;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>interviews of interested candidates who best meet these criteria by the chair of the
nominating and corporate governance committee, the chair of our Board of Directors,
and/or certain other directors;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the recommendation by our nominating and corporate governance committee for
inclusion in the slate of directors for the annual meeting of stockholders or for
appointment by our Board of Directors to fill a vacancy during the interval between
stockholder meetings; and</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>formal nomination by our Board of Directors.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Although our nominating and corporate governance committee will review each candidate&#146;s
qualifications to determine whether each candidate is appropriate for our Board of Directors,
candidates need not possess any minimum qualifications or specific qualities or skills. Our
nominating and corporate governance committee will reassess the qualifications of a director,
including the director&#146;s performance on our board to date, the director&#146;s current employment, the
director&#146;s service on other boards and the director&#146;s independence, prior to recommending a
director for reelection to another term. All director-nominees were recommended for election at
the Annual Meeting by our nominating and corporate governance committee, and such recommendations
were formally approved by our Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Stockholders who wish to recommend individuals for consideration by our nominating and
corporate governance committee to become nominees for election to our Board of Directors may do so
by submitting a written recommendation to our nominating and corporate governance committee, c/o
General Counsel, Grand Canyon Education, Inc., 3300 W. Camelback Road, Phoenix, Arizona 85017.
Submissions must be received not less than 120 calendar days in advance of the first anniversary of
the date that the Company&#146;s proxy statement was released to stockholders in connection with the
previous year&#146;s annual meeting of stockholders, except that if no annual meeting was held in the
previous year or the date of the annual meeting has been advanced by more than 30 calendar days
from the date contemplated at the time of the previous year&#146;s proxy statement, notice by the
stockholders to be timely must be received not later than the close of business on the tenth day
following the day on which public announcement of the date of such meeting is first made. For our
2010 Annual Meeting of Stockholders, stockholder nominations must be received by December&nbsp;26, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Each submission must set forth: (i)&nbsp;the name and address of the stockholder who intends to
make the nomination, or the beneficial owner, if any, on whose behalf the nomination is being made
and of the person or persons to be nominated; (ii)&nbsp;a representation that the stockholder is a
holder of record of stock of the Company entitled to vote for the election of directors on the date
of such notice and intends to appear in person or by proxy at the meeting to nominate the person or
persons specified in the notice; (iii)&nbsp;a description of all arrangements or understandings between
the stockholder or such beneficial owner and each nominee and any other person or persons (naming
such person or persons) pursuant to which the nomination or nominations are to be made by the
stockholder; (iv)&nbsp;such other information regarding each nominee proposed by such stockholder as
would be required to be included in a proxy statement filed pursuant to the proxy rules of the
Securities and Exchange Commission, had the nominee been nominated, or intended to be nominated, by
the Board of Directors; (v)&nbsp;the consent of each nominee to serve as a director of the Company if so
elected; and (vi)&nbsp;the class, if applicable, and number of shares of the Company that are owned
beneficially and of record by such stockholder and such beneficial owner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We did not receive any director nominations from stockholders for the Annual Meeting.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="left">
<A name="118"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Compensation Committee Interlocks and Insider Participation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">During 2008, Messrs.&nbsp;Johnson, Heath and Dorman served as the members of our compensation
committee. No executive officer serves, or in the past has served, as a member of the Board of
Directors or compensation committee of any entity that has any of its executive officers serving as
a member of our Board of Directors or compensation committee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For information regarding transactions between us and Endeavour Capital, the private equity
firm with which Messrs.&nbsp;Heath and Dorman are managing directors, see &#147;Certain Relationships and
Related Transactions.&#148;
</DIV>
<DIV align="left">
<A name="119"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Stockholder Communications with the Board of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Stockholders may communicate with any of our directors, including our lead outside director,
the chair of any of the committees of the Board of Directors, or the non-management directors as a
group by writing to them c/o Secretary, Grand Canyon Education, Inc., 3300 West Camelback Road,
Phoenix, Arizona 85017. Please specify to whom your correspondence should be directed. The
Secretary will promptly forward all correspondence to the Board of Directors or any specific
director, as indicated in the correspondence, except for junk mail, mass mailings, job inquiries,
surveys, business solicitations or advertisements, or patently offensive or otherwise inappropriate
material. The Secretary may forward certain correspondence, such as product-related or
service-related inquiries, elsewhere within the Company for review and possible response.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE STOCKHOLDERS VOTE FOR THE ELECTION OF
EACH OF THE SEVEN NOMINEES LISTED ABOVE TO CONSTITUTE OUR BOARD OF DIRECTORS.</B>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left">
<A name="120"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>PROPOSAL NO. 2<BR>
RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The firm of Ernst &#038; Young LLP (&#147;Ernst &#038; Young&#148;) has been our independent registered public
accounting firm since 2008. Our audit committee has selected Ernst &#038; Young to serve as our
independent registered public accounting firm for the fiscal year ending December&nbsp;31, 2009. While
it is not required to do so, our audit committee is submitting the selection of that firm for
ratification in order to ascertain the view of our stockholders. In the event the stockholders
fail to ratify the selection, the adverse vote will be considered a direction to the audit
committee to consider other auditors for next year. Even if the selection is ratified, the audit
committee, in its discretion, may direct the appointment of different independent registered public
accounting firm at any time during the year if the audit committee determines that such a change
would be in the Company&#146;s and its stockholders&#146; best interests. Proxies solicited by our Board of
Directors will, unless otherwise directed, be voted to ratify the appointment of Ernst &#038; Young as
our independent registered public accounting firm for the fiscal year ending December&nbsp;31, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">A representative of Ernst &#038; Young will be present at the meeting, will be afforded an
opportunity to make a statement if the representative so desires, and will be available to respond
to appropriate questions during the meeting.
</DIV>
<DIV align="left">
<A name="121"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Fees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For the year ended December&nbsp;31, 2008, Ernst &#038; Young billed us the amounts set forth below for
professional services rendered in connection with audit, audit-related, tax and other professional
services.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="66%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Services Rendered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2007</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit Fees<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,962,247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Audit-Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tax Fees<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98,347</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All Other Fees<SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,060,594</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>In connection with our initial public offering in 2008, we engaged Ernst &#038; Young to audit our
financial statements for the years ended December&nbsp;31, 2005, 2006, and 2007. All fees for such
services were billed and paid in 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Audit Fees relate to assurance and related services for the audits of the annual financial
statements for fiscal years 2005, 2006, 2007, and 2008, for the review of quarterly financial
statements, and for services that are normally provided by the auditor in connection with
statutory and regulatory filings or engagements. In 2008, $553,584 of the Audit Fees related
to audit services expensed in 2008, and $2,408,663 of the Audit Fees related to services
provided in connection with our initial public offering, including the filing of our
Registration Statement on Form S-1, the audit of our 2005, 2006, and 2007 financial
statements, and the review of quarterly financial statements during the pendency of the
initial public offering.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>For 2008, Tax Fees consisted of $20,599 for tax advisory services, $32,421 for tax return
services, and $45,327 for assistance with IRS examinations.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>We had no Audit-Related Fees or Other Fees in 2008.</TD>
</TR>

</TABLE>

<DIV align="left">
<A name="122"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Approval of Independent Registered Public Accounting Firm Services and Fees</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The audit committee has adopted a policy regarding pre-approval of audit and non-audit
services performed by our independent registered public accounting firm. The audit committee is
responsible for pre-approving all engagements of our independent registered public accounting firm.
The policy also highlights services the audit committee will and will not approve for audit and
non-audit services. The policy requires that written documentation be provided by the independent
registered accounting firm to the audit committee for all tax services.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The audit committee may, annually or from time to time, set fee levels for certain non-audit
services, as defined in the policy, or for all non-audit services. Any engagements that exceed
those fee levels must receive specific pre-approval from the audit committee. The audit committee
may delegate to the audit committee chair authority to grant pre-approvals of permissible audit and
non-audit services, provided that any pre-approvals by the chair must be reported to the full audit
committee at the next scheduled meeting.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On a regular basis, management provides written updates to the audit committee regarding the
amount of audit and non-audit service fees incurred to date. All of the services described above
for fiscal 2008 were approved by our Board of Directors.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE STOCKHOLDERS VOTE FOR THE RATIFICATION
OF THE APPOINTMENT OF ERNST &#038; YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR
THE FISCAL YEAR ENDING DECEMBER 31, 2009.</B>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left">
<A name="123"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>AUDIT COMMITTEE REPORT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The role of our audit committee, which is composed of two independent, non-employee directors,
is one of oversight of our Company&#146;s management and independent registered public accounting firm
in regard to our Company&#146;s financial reporting and internal controls over financial reporting. In
performing our oversight function, we relied upon advice and information received in our
discussions with management and the independent registered public accounting firm.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We have (a)&nbsp;reviewed and discussed our Company&#146;s audited financial statements for the fiscal
year ended December&nbsp;31, 2008, with management; (b)&nbsp;discussed with our Company&#146;s independent
registered public accounting firm the matters required to be discussed by Statement on Auditing
Standards No.&nbsp;61, as amended, regarding communication with audit committees (Codification of
Statements on Auditing Standards, AU &#167; 380); (c)&nbsp;received the written disclosures and the letter
from the independent registered public accounting firm required by applicable requirements of the
Public Company Accounting Oversight Board regarding the independent registered public accounting
firm&#146;s communications with the audit committee concerning independence; and (d)&nbsp;discussed with the
independent registered public accounting firm its independence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Based on the review and discussions with management and our Company&#146;s independent registered
public accounting firm referred to above, we recommended to our Company&#146;s Board of Directors that
the audited financial statements be included in our Company&#146;s Annual Report on Form 10-K for the
fiscal year ended December&nbsp;31, 2008, for filing with the Securities and Exchange Commission.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit Committee:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Jack A. Henry (Chair)</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>David J. Johnson</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="left">
<A name="124"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXECUTIVE OFFICERS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following sets forth information regarding our non-director executive officers as of the
date of this proxy statement. For information regarding Brent D. Richardson, our Executive
Chairman, Brian E. Mueller, our Chief Executive Officer and a director, and Christopher C.
Richardson, our General Counsel and a director, see &#147;Proposal No.&nbsp;1 <B>&#151; </B>Election of
Directors <B>&#151; </B>Directors and Director Nominees.&#148;
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Daniel E. Bachus
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. W. Stan Meyer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">48</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dr. Kathy Player
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Grand Canyon University President</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael S. Lacrosse
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Information Officer</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Daniel E. Bachus </I>has been serving as our Chief Financial Officer since July&nbsp;1, 2008. From
January&nbsp;2007 until June&nbsp;2008, Mr.&nbsp;Bachus served as chief financial officer for Loreto Bay Company,
a real estate developer. From 2000 to 2006, Mr.&nbsp;Bachus served as the chief accounting officer and
controller of Apollo Group, Inc., a for-profit, postsecondary education company and the parent
company of the University of Phoenix. From 1992 to 2000, Mr.&nbsp;Bachus was employed by Deloitte &#038;
Touche LLP, most recently as an audit senior manager. Mr.&nbsp;Bachus received a Bachelor of Science
degree in Accountancy from the University of Arizona and a Master in Business Administration degree
from the University of Phoenix. Mr.&nbsp;Bachus is also a certified public accountant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Dr.&nbsp;W. Stan Meyer </I>has been serving as our Executive Vice President since July&nbsp;1, 2008. From
August&nbsp;2002 to June&nbsp;2008, Dr.&nbsp;Meyer was employed by Apollo Group, Inc., a for-profit, postsecondary
education company and the parent company of the University of Phoenix, serving since June&nbsp;2006 as
its executive vice president of marketing and enrollment. Dr.&nbsp;Meyer previously served as a
regional vice president of the University of Phoenix Online, a unit of the University of Phoenix,
and division director of Axia College and of the School of Advanced Studies, also units of the
University of Phoenix. From 1983 to 2002, Dr.&nbsp;Meyer held several positions with the Concordia
University system, including director of operations for Concordia University&#146;s education network.
Dr.&nbsp;Meyer received a Bachelor of Arts in Communications degree from Concordia University and a
Master of Business Administration degree and a Doctor of Education in Institutional Management
degree from Pepperdine University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Dr.&nbsp;Kathy Player </I>has been serving as Grand Canyon University President since July&nbsp;31, 2008.
From 2007 to July&nbsp;2008, she served as our Provost and Chief Academic Officer. From 1998 to 2007,
Dr.&nbsp;Player served in several other leadership roles at Grand Canyon University, including most
recently as Dean of the Ken Blanchard College of Business. Dr.&nbsp;Player received a Bachelor of
Science degree in Nursing from St. Joseph&#146;s College, a Master of Business Administration degree and
a Master of Science degree in Nursing Leadership from Grand Canyon University, a Master of Science
degree in Counseling from Nova Southeastern University, and a Doctorate of Education degree in
Counseling Psychology from the University of Sarasota.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Michael S. Lacrosse </I>has been serving as our Chief Information Officer since August&nbsp;2006. From
February&nbsp;2001 to August&nbsp;2006, Mr.&nbsp;Lacrosse served as chief information officer of Trax Technology,
a global transportation management firm, and 21st Century Learning, an educational technology
company which provides supplemental curricula to K-12 students, professional development
opportunities for teachers and administrators, and educational programs for parents.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<DIV align="left">
<A name="125"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXECUTIVE COMPENSATION</B>
</DIV>

<DIV align="left">
<A name="126"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Compensation Discussion and Analysis</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>The following discussion and analysis should be read in conjunction with &#147;Compensation of
Named Executive Officers&#148; and the related tables that follow.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Overview</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The purpose of this compensation discussion and analysis is to provide information about each
material element of compensation that we pay or award to, or that is earned by, our named executive
officers, who consist of our principal executive officer and former principal executive officer,
our principal financial officer and former principal financial officer, and our four other most
highly compensated executive officers whose total compensation for the fiscal year ended
December&nbsp;31, 2008, was in excess of $100,000 and who were serving as executive officers at the end
of that fiscal year, all as set forth in the Summary Compensation Table set forth below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This compensation discussion and analysis addresses and explains the compensation practices we
followed in 2008, the numerical and related information contained in the summary compensation and
related tables presented below, and actions we have taken regarding executive compensation since
the end of our 2008 fiscal year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Compensation Determinations</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Prior to our initial public offering in November&nbsp;2008, we were a privately-held company with a
relatively small number of stockholders, including our lead outside investor, Endeavour Capital,
and we had not been subject to exchange listing requirements requiring us to have a majority
independent board or to exchange or SEC rules relating to the formation and functioning of board
committees. As such, most, if not all, of our compensation policies, and determinations applicable
to our named executive officers, have historically been the product of negotiation between our
named executive officers and two representatives of Endeavour Capital who serve as our outside
directors. In addition, all of our named executive officers who appear in the Summary Compensation
Table, other than Messrs.&nbsp;Lacrosse and Fischer, are parties to employment agreements, and the level
of salary to be in effect for those officers over the term of their employment agreements was
determined as part of the negotiation process relating to such agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The charter that was adopted by our compensation committee in connection with our initial
public offering empowers our compensation committee to set all executive compensation, including,
but not limited to, salary, bonus, incentive compensation, equity awards, benefits and perquisites.
Our compensation committee will make such determinations with respect to our chief executive
officer and, for all other executives, will make such determinations in consultation with our chief
executive officer. For additional information regarding the compensation committee, please see
&#147;Proposal No.&nbsp;1 &#151; Election of Directors &#151; Committees of Our Board of Directors &#151; Compensation
Committee.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Objectives of Compensation Programs</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We pay our executive officers based on business performance and individual performance, and,
in setting compensation levels, we take into consideration our past practices, our current and
anticipated future needs, and the relative skills and experience of each individual executive. To
date, we have not utilized the services of a compensation consultant and have not engaged in any
benchmarking when making policy-level or individual compensation determinations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Compensation philosophy. </I>Under our compensation philosophy, a named executive officer&#146;s total
compensation will vary based on our overall performance and with the particular named executive
officer&#146;s personal performance and contribution to our overall results. This philosophy generally
applies to all of our employees, with a more significant level of variability and compensation at
risk depending upon an employee&#146;s function and level of responsibility. Our overall goals in
implementing this philosophy are to attract, motivate, and retain highly qualified individuals
responsible for guiding us and creating value for our investors.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Compensation objectives. </I>We believe that the compensation program we follow helps us achieve
the following objectives:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Compensation should be related to performance. </I>We believe that the
performance-based portion of an individual&#146;s total compensation should increase as the
individual&#146;s business responsibilities increase. Thus, a material portion of executive
compensation is linked to our and the individual&#146;s performance, which also serves to
align the named executive officers&#146; interests with those of our investors.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Compensation should be competitive and cost effective. </I>We believe that our
compensation programs should foster an innovative, high integrity, and
performance-oriented culture that serves to attract, motivate, and retain executives
and other key employees with the appropriate skill sets to lead us through expected
future growth in a dynamic and competitive environment. Accordingly, we seek to provide
compensation in amounts necessary to achieve these goals and which is of fair value
relative to other positions at the Company.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Company compensation policies. </I>During 2008, our named executive officers&#146; total in-service
compensation consisted of base salaries, cash bonuses, share-based compensation, limited
perquisites, and other benefits generally available to all employees. With regard to these
components, we adhere to the following compensation policies:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Founders with significant equity stakes require limited cash or equity incentives.</I>
As founders of our Company, Brent D. Richardson and Christopher C. Richardson have
significant equity ownership in the Company. We believe that the Richardsons&#146; ownership
stake provides a level of motivation that would not be appreciably enhanced through
material cash bonus opportunities or the grant of further equity incentives.
Accordingly, in 2008, the Richardsons were compensated solely through base salary and a
limited bonus and perquisites.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Cash should be the principal component of compensation. </I>Prior to our initial public
offering, we did not utilize equity-based incentives and instead focused on providing
the opportunity for our named executive officers to earn total cash compensation at
levels that enabled us to achieve the motivation and retention goals described above.
In connection with the initial public offering, we made significant equity grants to
certain of our named executive officers. These grants, in the case of Mr.&nbsp;Mueller, Dr.
Meyer, and Mr.&nbsp;Bachus, were negotiated as part of their employment agreements, while
the grants made to our other named executive officers were approved by the compensation
committee in consultation with management and were intended to compensate them for past
services to the Company and to reflect the fact that the Company had not previously
provided equity incentives to its employees. Notwithstanding those grants, the
Company&#146;s compensation policy focuses most heavily on providing the opportunity for its
named executive officers to earn total cash compensation at levels that enable the
Company to achieve the motivation and retention goals described above, and to provide
equity incentives as a reward for superior performance rather than as a substitute for
cash compensation.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Base salaries should be the largest component of cash compensation</I>. Our compensation
programs should generally reflect base salaries as being compensation for the named
executive officers to perform the essential elements of their respective jobs, and cash
bonuses as a reward for superior Company and individual performance. In this regard,
base salary should generally be the largest component of cash compensation.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Cash incentives should be linked to performance. </I>The bonuses paid to our named
executive officers in 2008 were generally fixed amounts agreed upon as part of their
employment agreement negotiations. In 2009, we adopted a formal cash bonus plan
pursuant to which our executive officers will be judged against overall Company and
individual performance. See &#147;- Actions Taken in Current Fiscal Year&#148; below for a
description of this plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We believe our policies have helped us achieve our compensation objectives of attracting,
motivating, retaining, and rewarding our key officers.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->14<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Compensation Programs Design and Elements of Compensation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We choose to pay each element of compensation to further the objectives of our compensation
program, which, as noted, include the need to attract, motivate, retain, and reward key leaders
critical to our success by providing competitive total compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Elements of In-Service Compensation. </I>For our 2008 fiscal year, our executive compensation mix
included base salary, cash bonuses, share-based compensation, limited perquisites, and other
benefits generally available to all employees. We generally determine the nature and amount of
each element of compensation as follows:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Base salary. </I>We typically agree upon a base salary with a named executive officer
at the time of initial employment, which may or may not be reflected in an employment
agreement. The amount of base salary agreed upon, which is not at risk, reflects our
views as to the individual executive&#146;s past experience, future potential, knowledge,
scope of anticipated responsibilities, skills, expertise, and potential to add value
through performance, as well as competitive industry salary practices. Although minimum
base salaries for each of our current named executive officers, other than Messrs.
Lacrosse and Fischer, are set by their respective employment agreements, as described
below, we review executive salaries annually and may increase them based on an
evaluation of the Company&#146;s performance for the year and the performance of the
functional areas under an executive&#146;s scope of responsibility. We also consider
qualitative criteria, such as education and experience requirements, complexity, and
scope or impact of the position compared to other executive positions internally.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Bonuses. </I>We provide cash bonuses, which typically are at-risk, to recognize and
reward our named executive officers based on our success in a given year. In the past,
we have primarily awarded bonuses on a discretionary basis. For 2008, we awarded
fixed, non-performance-related bonuses to Mr.&nbsp;Mueller ($250,000), Dr.&nbsp;Meyer ($75,000)
and Mr.&nbsp;Bachus and Dr.&nbsp;Player ($68,750 each) that were negotiated in connection with
the employment agreements we entered into with them prior to our initial public
offering, while we awarded discretionary bonuses to Messrs.&nbsp;Richardson and Richardson
($18,000 each), Messrs.&nbsp;Lacrosse and Fischer ($45,000 each) and Dr.&nbsp;Player (to the
extent of an additional $6,250) that were primarily intended to reward them for their
exceptional efforts expended during 2008 in performing their respective duties while
also contributing to our successful initial public offering effort. In 2009, we adopted
a formal cash bonus plan pursuant to which our executive officers will be judged
against overall Company and individual performance. See &#147;- Actions Taken in Current
Fiscal Year&#148; below for a description of this plan.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Share-based compensation</I>. In connection with our initial public offering, we
adopted our 2008 Equity Incentive Plan (the &#147;Incentive Plan&#148;) and authorized 4,199,937
shares of common stock for grants thereunder. Under the terms of this plan, the number
of shares authorized for grants thereunder automatically increased on January&nbsp;1, 2009
by 2.5% of the number of shares of our common stock issued and outstanding on December
31, 2008, to 5,336,566 shares. We have not made any grants under this plan to our
named executive officers other than the grants made in connection with our initial
public offering. See &#147;2008 Grants of Plan-Based Awards&#148; for additional detail. In
2009, the Company intends to develop an equity grant program, consistent with the
equity incentive policy described below, which will govern future grants of equity
incentives.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Perquisites. </I>We seek to compensate our named executive officers at levels that
eliminate the need for material perquisites and enable each individual officer to
provide for his or her own needs. Accordingly, in 2008, we provided limited perquisites
to our named executive officers. See &#147;Compensation of Executive Officers &#151; Summary
Compensation Table&#148; for additional detail.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Other. </I>We offer other employee benefits to key executives for the purpose of
meeting current and future health and security needs for the executives and their
families. These benefits, which we generally offer to all eligible employees, include
medical, dental, and life insurance benefits; short-term disability pay; long-term
disability insurance; flexible spending accounts for medical expense reimbursements;
and a 401(k) retirement savings plan. The 401(k) retirement savings plan
is a defined contribution plan under Section 401(a) of the Code. Employees may make
pre-tax contributions into the plan, expressed as a percentage of compensation, up
to prescribed IRS annual limits, with such contributions subject to a matching
Company contribution up to prescribed limits.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->15<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Elements of Post-Termination Compensation and Benefits. </I>The employment agreements that we
entered into with our current named executive officers, other than Messrs.&nbsp;Lacrosse and Fischer,
provide for post-termination salary and benefit continuation in the event of a termination by us
without Cause (as defined below) or by the executive for Good Reason (as defined below) or in the
event of any such termination within 12&nbsp;months following a Change in Control (as defined below),
and for so long as the named executive officer abides by customary confidentiality,
non-competition, and non-solicitation covenants and executes a full release of all claims, known or
unknown, that the executive may have against the Company. We believe that the amounts of these
payments and benefits and the periods of time during which they would be provided are fair and
reasonable, and we have not historically taken into account any amounts that may be received by a
named executive officer following termination when establishing current compensation levels. The
elements of post-termination compensation that were in effect during 2008 pursuant to the written
employment agreements consisted of the following:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Salary continuation. </I>Each named executive officer would continue to receive salary
payments for a period of 12&nbsp;months following any qualifying termination of employment.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Benefits continuation. </I>Each named executive officer would continue to receive
Company -paid premiums for continued group health benefits under COBRA during the
12-month salary continuation period.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Partially accelerated vesting of stock options</I>. Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.
Bachus would receive partial acceleration of the vesting of their stock options to the
next vesting date immediately following the date of termination, in the event of a
termination by us without Cause or by the executive for Good Reason</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Fully accelerated vesting of stock options</I>. In the event of a termination by us
without Cause or by the executive for Good Reason within 12&nbsp;months following a Change
in Control, each named executive officer would receive full acceleration of the vesting
of their stock options.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">See &#147;Potential Payments Upon Termination or Change in Control&#148; for additional detail.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Impact of Performance on Compensation</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In the past, we have reviewed overall Company and individual performance in connection with
our review of named executive officer compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Company performance. </I>In reviewing our performance, we focus principally on the achievement of
net revenue and Adjusted EBITDA levels, and on maintaining regulatory compliance. We presently
define Adjusted EBITDA as net income (loss)&nbsp;plus interest expense net of interest income, plus
income tax expense (benefit), and plus depreciation and amortization (EBITDA), as adjusted for
(i)&nbsp;royalty payments incurred pursuant to an agreement with our former owner that has been
terminated as of April&nbsp;15, 2008, (ii)&nbsp;management fees and expenses that are no longer paid, (iii)
contributions made to Arizona school tuition organizations in lieu of the payment of state income
taxes, and (iv)&nbsp;share-based compensation. We focus on Adjusted EBITDA in connection with our
compensation decisions because we believe that it provides useful information regarding our
operating performance and executive performance as it does not give effect to items that management
does not consider to be reflective of our core operating performance. See &#147;Management&#146;s Discussion
and Analysis of Financial Condition and Results of Operations &#151; Non-GAAP Discussion&#148; in our Annual
Report on Form 10-K for further information. As such, we believe it is fair and reasonable to our
executives to assess their individual performance on the same basis as our performance is assessed
by our Board of Directors and investors.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->16<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Individual performance. </I>In reviewing individual performance, we also look at an executive&#146;s
achievement of non-financial objectives that, with respect to a given named executive officer, may
include achieving objectives related to some or all of the following:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>program development and expansion;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>regulatory compliance; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enrollment growth.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Equity Incentives</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In 2008, our Board of Directors and stockholders adopted our 2008 Equity Incentive Plan (the
&#147;Incentive Plan&#148;) and authorized and reserved a total of 4,199,937 shares of our common stock for
issuance thereunder. This reserve automatically increased on January&nbsp;1, 2009 by 2.5% of the number
of shares of common stock issued and outstanding on December&nbsp;31, 2008, to 5,336,566 shares, and
will increase on each subsequent January 1 through 2018 by an amount equal to the smaller of (a)
2.5% of the number of shares of common stock issued and outstanding on the immediately preceding
December&nbsp;31, or (b)&nbsp;a lesser amount determined by our Board of Directors. Shares subject to awards
that expire or are cancelled or forfeited will again become available for issuance under the
Incentive Plan. The shares available will not be reduced by awards settled in cash or by shares
withheld to satisfy tax withholding obligations. Only the net number of shares issued upon the
exercise of stock appreciation rights or options exercised by means of a net exercise or by tender
of previously owned shares will be deducted from the shares available under the Incentive Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We may grant awards under the Incentive Plan to our employees, officers, directors, or
consultants, or those of any future parent or subsidiary corporation or other affiliated entity.
While we may grant incentive stock options only to employees, we may grant nonstatutory stock
options, stock appreciation rights, restricted stock purchase rights or bonuses, restricted stock
units, performance shares, performance units, and cash-based awards or other stock-based awards to
any eligible participant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Only members of the Board of Directors who are not employees at the time of grant are eligible
to participate in the non-employee director awards component of the Incentive Plan. The Board of
Directors, based on the recommendation of the nominating and corporate governance committee, will
set the amount and type of non-employee director awards to be awarded on a periodic,
non-discriminatory basis. Non-employee director awards may be granted in the form of nonstatutory
stock options, stock appreciation rights, restricted stock awards and restricted stock unit awards.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In the event of a change in control, as described in the Incentive Plan, the acquiring or
successor entity may assume or continue all or any awards outstanding under the Incentive Plan or
substitute substantially equivalent awards. Any awards that are not assumed or continued in
connection with a change in control or are not exercised or settled prior to the change in control
will terminate effective as of the time of the change in control. In connection with a change in
control, the compensation committee may provide for the acceleration of vesting of any or all
outstanding awards upon such terms and to such extent as it determines, except that the vesting of
all non-employee director awards will automatically be accelerated in full, and the vesting of
awards held by each of our named executive officers who are parties to employment agreements will
automatically be accelerated in full upon termination other than for cause upon or within 12&nbsp;months
following such change in control. The Incentive Plan also authorizes the compensation committee,
in its discretion and without the consent of any participant, to cancel each or any outstanding
award denominated in shares upon a change in control in exchange for a payment to the participant
with respect to each share subject to the cancelled award of an amount equal to the excess of the
consideration to be paid per share of common stock in the change in control transaction over the
exercise price per share, if any, under the award.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our Board of Directors has approved a policy relating to the granting of stock options and
other equity-based awards. Under this policy:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all stock option grants, restricted stock awards, and other equity based awards,
which we collectively refer to as stock-based grants, must be approved by the
compensation committee;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all stock-based grants must be approved at formal meetings (including telephonic) of
the compensation committee;</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->17<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date for determining the strike price and similar measurements for stock-based
awards will be the date of the meeting (or a date shortly after the meeting) or, in the
case of an employee, director, or consultant not yet hired, appointed, or retained,
respectively, the subsequent date of hire, appointment, or retention, as the case may
be;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we will not intentionally grant stock-based awards before the anticipated
announcement of materially favorable news or intentionally delay the grant of
stock-based awards until after the announcement of materially unfavorable news; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the compensation committee will approve stock-based grants only for persons
specifically identified at the meeting by management.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Conclusion</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We believe that the compensation amounts paid to our named executive officers for their
service in 2008 were reasonable and appropriate and in our best interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Actions Taken in Current Fiscal Year</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In March&nbsp;2009, our compensation committee adopted a performance-based cash bonus plan for our
named executive officers and other eligible senior management team members for the 2009 fiscal
year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Under the new bonus plan, a participant&#146;s bonus will be based on the Company&#146;s achievement of
revenue and Adjusted EBITDA targets, as well as the participant&#146;s achievement of individual
performance goals. Depending on a participant&#146;s level, the financial metrics will account for
between 60% and 80% of the target bonus and the specific individual performance goals will account
for between 20% and 40% of the target bonus. For purposes of the plan, Adjusted EBITDA is defined
as net income plus interest expense net of interest income, plus income tax expense, and plus
depreciation and amortization (EBITDA), as adjusted for (i)&nbsp;royalty payments incurred pursuant to
an agreement with our former owner that has been terminated as of April&nbsp;15, 2008; (ii)&nbsp;share-based
compensation accrued pursuant to Statement of Financial Accounting Standards No.&nbsp;123 (revised
2004), &#147;Share Based Payment&#148; (&#147;SFAS 123(R)&#148;), and any other GAAP expense related to equity
compensation awards for the 2009 fiscal year; (iii)&nbsp;any extraordinary, nonrecurring items as
determined in accordance with APB Opinion No.&nbsp;30; and (iv)&nbsp;all amounts (including settlement
payments, legal fees, costs and other litigation and/or settlement expenses) expensed during the
2009 fiscal year in connection with the settlement of litigation matters.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Under the plan, the compensation committee has established a target bonus for each of the
named executive officers and eligible senior management. The target bonus has been set at 100% of
base salary for Mr.&nbsp;Mueller and 50% of base salary for Dr.&nbsp;Meyer, Mr.&nbsp;Bachus and Dr.&nbsp;Player. For
each of these named executive officers, the financial metrics will account for 80% of the target
bonus, with the revenue target and the Adjusted EBITDA target accounting for 37.5% and 62.5% of
such 80%, respectively, and the specific individual performance goals will account for 20% of the
target bonus. The actual percentage is determined on the basis of the Company&#146;s achievement of the
revenue and Adjusted EBITDA targets that the compensation committee established for the 2009 fiscal
year. With respect to these targets, the threshold goal was set using the Company&#146;s budget for the
2009 fiscal year. For participants to earn any payout under the plan, the company must achieve a
threshold of 95% of budgeted revenue and Adjusted EBITDA. Assuming these thresholds are achieved,
payouts will be made based on a minimum of 95% of budgeted revenue and Adjusted EBITDA (resulting
in a bonus of 50% of the target bonus allocable to the financial metrics) and a maximum of 105% of
budgeted revenue and 107% of Adjusted EBITDA (resulting in a bonus of 150% of the target bonus
allocable to the financial metrics). Performance between minimum and maximum levels result in
prorated payments to plan participants using straight-line interpolation.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->18<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Shown below is a summary of the matrix:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Goal</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Threshold</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Target</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Maximum</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue Goal (37.5%
of financial
metric)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" NOWRAp>95% of budget</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" nowrap>100% of budget</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" nowrap>105% of budget</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjusted EBITDA
(62.5% of financial
metric)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">95% of budget</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">100% of budget</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">107% of budget</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Pay-Out as % of
Target Bonus</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" colspan="2">50%</TD>
    <TD nowrap></TD>
    <TD align="left" colspan="1">&nbsp;</TD>
    <TD align="left" colspan="2">100%</TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="1">&nbsp;</TD>
    <TD align="left" colspan="2">150%</TD>
    <TD nowrap></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Under the plan, the actual bonus that each of these named executive officers could earn for
the 2009 fiscal year ranges from 0% to a maximum of 140% of his or her annual target bonus (with
such maximum achieved by obtaining the maximum payout for achieving the financial metrics (80% *
150%, or 120%) and achieving the individual goals (an additional 20%). To illustrate how the 2009
fiscal year plan functions, assume that a named executive officer&#146;s base salary for 2009 is
$300,000 and that the target bonus is 50% of base salary. Of this target bonus of $150,000,
$45,000 (or 37.5% of the 80% subject to achievement of the financial metrics) would be based upon
the Company&#146;s achievement of the revenue target, $75,000 (or 62.5% of the 80% subject to the
achievement of the financial metrics) would be based on the Company&#146;s achievement of the Adjusted
EBITDA target, and $30,000 (20%) would be based on the participant&#146;s achievement of his or her
individual performance goals. If the revenue target is achieved at the threshold level (so only 50%
of the revenue component is payable at that level), the Adjusted EBITDA target is achieved at the
maximum level (so that 150% of the Adjusted EBITDA component is payable at that level), and the
specific individual performance goals are met, the participant would be entitled to a potential
bonus of $165,000 (calculated as $22,500 plus $112,500 plus $30,000).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The plan for eligible senior management other than the named executive officers is similar to
the above, except that, for participant&#146;s below the named executive officer level, the bonus will
be calculated based on two six-month cycles, such that the determination of the bonus payable for
the first half of fiscal 2009 will be determined on the basis of the achievement of the revenue,
Adjusted EBITDA and individual performance targets established for each period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Effect of Accounting and Tax Treatment on Compensation Decisions</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Internal Revenue Code Section&nbsp;162(m) Policy</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Section&nbsp;162(m) of the Code generally imposes a $1&nbsp;million limit on the amount that a public
company may deduct for compensation paid to a company&#146;s chief executive officer or, based upon
recent guidance from the IRS, any of the company&#146;s three other most highly compensated executive
officers (other than the chief financial officer) who are employed as of the end of the year. This
limitation does not apply to compensation that meets the requirements under Section 162(m) for
&#147;qualifying performance-based&#148; compensation (i.e., compensation paid only if the individual&#146;s
performance meets pre-established objective goals based on performance criteria approved by
stockholders) that is established by a committee that consists only of &#147;outside directors&#148; as
defined for purposes of Section&nbsp;162(m). For 2008, we did not consider Section 162(m) because most
of our compensation awards were made prior to the time we became a public company. However, all
members of the compensation committee qualify as &#147;outside directors,&#148; and we intend to consider the
potential long-term impact of Section 162(m) when establishing compensation, and we currently
expect to qualify our compensation programs as performance-based compensation within the meaning of
the Code to the extent that doing so remains consistent with our compensation philosophy and
objectives.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Internal Revenue Code Section&nbsp;409A</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Section&nbsp;409A of the Code (&#147;Section&nbsp;409A&#148;) requires that &#147;nonqualified deferred compensation&#148;
be deferred and paid under plans or arrangements that satisfy the requirements of the statute with
respect to the timing of deferral elections, timing of payments and certain other matters. Failure
to satisfy these requirements can expose employees and other service providers to accelerated
income tax liabilities and penalty taxes and interest on their vested compensation under such
plans. Accordingly, as a general matter, it is our intention to design and administer our
compensation and benefits plans and arrangements for all of our employees and other service
providers, including our named executive officers, so that they are either exempt from, or satisfy
the requirements of, Section&nbsp;409A. With
respect to our compensation and benefit plans that are subject to Section&nbsp;409A, in accordance
with Section&nbsp;409A and regulatory guidance issued by the Internal Revenue Service, we are currently
operating such plans in compliance with Section&nbsp;409A.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->19<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Accounting Standards</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">SFAS 123(R) requires us to recognize an expense for the fair value of equity-based
compensation awards. Grants of stock options and restricted under the Incentive Plan are accounted
for under SFAS 123(R). The compensation committee regularly considers the accounting implications
of significant compensation decisions, including in connection with decisions that relate to the
Incentive Plan and equity award programs thereunder. As accounting standards change, we may revise
certain programs to appropriately align accounting expenses of our equity awards with our overall
executive compensation philosophy and objectives.
</DIV>
<DIV align="left">
<A name="127"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Compensation of Named Executive Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Summary Compensation Table</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table sets forth the total compensation earned for services rendered by our
principal executive officer, our former principal executive officer, our principal financial
officer, our former principal financial officer, and our four other most highly compensated
executive officers whose total compensation for the fiscal year ended December&nbsp;31, 2008 was in
excess of $100,000 and who were serving as executive officers at the end of that fiscal year. The
listed individuals are referred to herein as the &#147;named executive officers.&#148;
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Stock </B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Option </B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>All Other </B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Bonus</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B> Awards</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B> Awards</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B> Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Salary</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B> (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B> (4)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Total</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<tr>
    <TD>&nbsp;</TD>
</tr>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brent D. Richardson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">15,628</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">345,038</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Executive Chairman</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">283,395</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,169</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374,654</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(Former Principal Executive Officer) (*)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian E. Mueller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">246,154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">250,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,311,948</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149,181</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,740</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,965,023</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-0px"><I>Chief Executive Officer</I><BR>

(Principal Executive Officer) (5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;W. Stan Meyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">147,692</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,673</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282,365</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Executive Vice President </I>(5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel E. Bachus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132,212</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53,705</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">254,667</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:0px"><I>Chief Financial Officer</I><BR>

(Principal Financial Officer) (5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Christopher C. Richardson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">323,250</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>General Counsel</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282,251</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">572</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">357,823</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;Kathy Player</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">230,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142,764</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">455,514</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Grand Canyon University President</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">152,025</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,037</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">210,062</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael S. Lacrosse</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">180,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">140,974</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">372,724</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Chief Information Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164,834</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,562</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">215,396</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy R. Fischer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">205,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">138,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,525</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">395,814</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px"><I>Former Chief Financial Officer</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">201,678</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,551</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">259,229</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">(Former Principal Financial Officer) (6)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>For Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus, the amounts in this column reflect
non-performance-related bonuses that were negotiated in connection with the employment
agreements we entered into with them prior to our initial public offering. For Dr.&nbsp;Player,
the amount in this column reflects a non-performance-related bonus of $68,750 that was
negotiated in connection with the employment agreement we entered into with her prior to our
initial public offering, as well as an additional discretionary bonus
of $6,250. For Messrs.
Richardson, Richardson, Lacrosse, and Fischer, the amounts in this column reflect
discretionary bonuses.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->20<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts shown in this column reflect the compensation costs attributable to unrestricted
stock granted to Mr.&nbsp;Mueller in 2008 recognized in fiscal year 2008 for financial statement
reporting purposes in accordance with SFAS 123(R). The compensation costs are based on the
SFAS 123(R) grant date fair value for the shares of common stock granted. Such grant date fair
value has been calculated on the basis of the fair market value of our common stock on the
grant date. No shares of stock were granted in any year prior to 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>The amounts shown in this column reflect the SFAS 123(R) compensation costs recognized in
fiscal year 2008 attributable to the stock options granted to the named executive officers in
2008. The SFAS 123(R) compensation costs are based on the SFAS 123(R) grant date fair value of
each stock option and do not take into account any estimated forfeitures related to
service-based vesting conditions, if any. Assumptions used in the calculation of the SFAS
123(R) grant date fair value of each option granted during the 2008 fiscal year are set forth
in Notes 2 and 14 to our financial statements for the fiscal year ended December&nbsp;31, 2008
included in our 2008 Annual Report on Form&nbsp;10-K. No options were granted in any year prior to
2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>For Mr.&nbsp;Brent D. Richardson, the amounts in this column include the value of payments made by
us on a Company-owned vehicle used by Mr.&nbsp;Richardson and, for 2007 only, the amount of an
employee-receivable forgiven by the Company and personal tax preparation fees paid for by the
Company. For Mr.&nbsp;Mueller, the amount in this column reflects the value of tuition-free
enrollment for an additional child at Grand Canyon University (beyond the single spouse or
child tuition benefit available to all full-time Company employees). For Messrs.&nbsp;Christopher
D. Richardson, Lacrosse, and Fischer and Dr.&nbsp;Player, the amounts in this column reflect
matching payments made by the Company under our 401(k) plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus commenced employment with us on July&nbsp;1, 2008.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Fischer was appointed our Chief Administrative Officer effective July&nbsp;1, 2008. From 2007
through June&nbsp;30, 2008, he served as our Chief Financial Officer.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(*)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Richardson served as our Chief Executive Officer from 2004 through June&nbsp;30, 2008.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>2008 Grants of Plan-Based Awards</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table provides certain summary information concerning each grant of an award
made to a named executive officer in fiscal year 2008 under an equity compensation plan. Messrs.
Brent D. Richardson and Christopher C. Richardson did not receive any such awards during 2008. For
2008, we did not have in effect any non-equity compensation plans.
</DIV>
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>All Other Option</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Grant Date Fair</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>All Other Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Awards: Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercise or Base</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Value of Stock</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Awards: Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Price of Option</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>and Option</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Grant Date</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Shares of Stock (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Underlying Options (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Awards ($/Sh)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Awards ($)(1)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<tr>
    <TD>&nbsp;</TD>
</tr>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian E. Mueller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" nowrap>November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">109,329</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1,093,288</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,845,437</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;W. Stan Meyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" nowrap>November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">437,315</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,613,394</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel E. Bachus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">393,584</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,352,058</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;Kathy Player</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">43,732</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">261,342</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael S. Lacrosse</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">30,612</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">182,937</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy R. Fischer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10,933</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,335</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">November 19, 2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The dollar value reported in this column with respect to option awards represents the grant
date fair value of each option award determined in accordance with the provisions of SFAS
123(R). A discussion of the valuation assumptions used in the SFAS 123(R) calculation of grant
date fair value is set forth in Notes 2 and 14 to our financial statements for the fiscal year
ended December&nbsp;31, 2008, included in our 2008 Annual Report on Form 10-K. The dollar value
reported in this column with respect to stock awards represents the grant date fair value of
each such award based on the fair market value of the shares of our common stock on the grant
date.</TD>
</TR>

</table>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>



<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents an unrestricted stock grant that was fully vested upon grant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by the options granted to Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, Mr.&nbsp;Bachus and Dr.
Player vest in five successive equal annual installments upon the completion of each year of
service with us over the five year period measured from the November&nbsp;19, 2008 grant date,
subject to fully accelerated vesting in the event of a termination of employment by us without
cause or by the executive for good reason within 12&nbsp;months following a change in control of
the Company. Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus also receive partially accelerated
vesting through the next vesting date immediately following the date of termination, upon the
termination of employment by us without cause or by the executive for good reason.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by this option vest in five successive equal annual installments upon the
completion of each year of service with us over the five year period measured from the
November&nbsp;19, 2008 grant date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by this option were fully vested upon grant.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Disclosure Relating to Summary Compensation Table and Grants of Plan-Based Awards Table</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Effective July&nbsp;1, 2008, we entered into employment agreements with Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and
Mr.&nbsp;Bachus that govern the terms of their service as our Chief Executive Officer, Executive Vice
President, and Chief Financial Officer, respectively. Effective September&nbsp;1, 2008, we entered into
an employment agreement with Dr.&nbsp;Kathy Player that governs the terms of her service as the
President of Grand Canyon University. Effective September&nbsp;10, 2008, we entered into amended and
restated employment agreements with each of Brent D. Richardson and Christopher C. Richardson that
govern the terms of their service as Executive Chairman and General Counsel, respectively. Each
agreement has a four-year term and automatically renews for one year periods after the initial
four-year term unless either party provides written notice that it does not wish to renew the
respective agreement. Except with respect to certain items of compensation, as described below, the
terms of each agreement are similar in all material respects.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The agreements with each of Brent D. Richardson and Christopher C. Richardson
provide for a base salary of $297,500, subject to annual review by the compensation
committee, and entitle each to receive performance bonuses as determined by the
compensation committee based upon the Company&#146;s achievement of performance, budgetary,
and other objectives, as set in advance by the compensation committee. The agreements
do not set a target performance bonus amount and, as discussed elsewhere in this proxy
statement, although Messrs.&nbsp;Richardson and Richardson are eligible to participate in
the Incentive Plan, we do not anticipate granting any material awards under the
Incentive Plan to them and their agreements do not provide for any such awards.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The agreements with each of Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, Mr.&nbsp;Bachus and Dr.&nbsp;Player
provide for a base salary of $500,000, $300,000, $275,000, and $275,000 per year,
respectively, subject to annual review by the compensation committee, and, for 2008,
also provided for a fixed bonus of $250,000, $75,000, $68,750, and $68,750,
respectively. Dr.&nbsp;Player was awarded an additional $6,250 discretionary bonus
primarily intended to reward her for her exceptional efforts expended in 2008 in
performing her duties, while also contributing to our successful initial public
offering effort. The agreements entitle each of Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, Mr.&nbsp;Bachus and
Dr.&nbsp;Player to earn incentive compensation for 2009 and future years targeted at 100%,
50%, 50%, and 50% of his or her base salary, respectively, subject to the satisfaction
of criteria to be established by our compensation committee. Mr.&nbsp;Mueller, Dr.&nbsp;Meyer,
Mr.&nbsp;Bachus and Dr.&nbsp;Player are also eligible to receive equity incentive awards under
our Incentive Plan.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->22<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to their agreements, Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus received equity
grants upon the effectiveness of our initial public offering at the initial public
offering price of $12.00 per share. Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus each
received a grant of an option to purchase 1,093,288 shares of common stock, 437,315
shares of common stock and 393,584 shares of common stock, respectively, which vests
ratably, on an annual basis, over a five-year period beginning on the date of grant.
These options are subject to (i)&nbsp;accelerated vesting through the next vesting date
immediately following the date of termination in the event of a termination of
employment by us without cause or by the executive for good reason, and (ii)&nbsp;fully
accelerated vesting in the event of a termination of employment by us without cause or
by the executive for good reason within 12&nbsp;months following a change in control of the
Company. Mr.&nbsp;Mueller also received a grant of 109,329 shares of our common stock,
which shares were fully vested on the date of grant.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each agreement entitles the executive to receive customary and usual fringe benefits
generally available to our senior management, and to be reimbursed for reasonable
out-of-pocket business expenses.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each agreement entitles the executive to certain benefits upon his or her
termination of employment under specified circumstances.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In addition, each of the above employment agreements provides for payments upon certain
terminations of the executive&#146;s employment. For a description of these termination provisions,
whether or not following a change-in-control, and a quantification of benefits that would be
received by these executives, see the heading &#147;Potential Payments upon Termination or Change in
Control&#148; below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Upon the effectiveness of our initial public offering, reflecting her long period of service
to the Company, Dr.&nbsp;Player received a discretionary grant of (i)&nbsp;an option to purchase 43,732
shares of common stock at the initial public offering price of $12.00 per share, which vests
ratably, on an annual basis, over a five-year period beginning on the date of grant, and which is
subject to fully accelerated vesting in the event of a termination of employment by us without
cause or by the executive for good reason within 12&nbsp;months following a change in control of the
Company, and (ii)&nbsp;an option to purchase 29,463 shares of common stock at the initial public
offering price of $12.00 per share, which was fully vested upon grant. Upon the effectiveness of
our initial public offering, reflecting their long period of service to the Company, Messrs.
LaCrosse and Fischer each received a discretionary grant of (i)&nbsp;an option to purchase 30,612 shares
of common stock and 10,933 shares of common stock, respectively, at the initial public offering
price of $12.00 per share, which vests in five successive equal annual installments upon the
completion of each year of service with us over the five year period beginning on the date of
grant, and (ii)&nbsp;an option to purchase 29,463 shares of common stock at the initial public offering
price of $12.00 per share, which was fully vested upon grant.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->23<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>2008 Outstanding Equity Awards at Fiscal Year-End</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table provides certain summary information concerning outstanding equity awards
held by the named executive officers as of December&nbsp;31, 2008.
</DIV>
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Option Awards</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Stock Awards(1)</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Market Value of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Option</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Option</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares of Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares of Stock</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Unexercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Expiration</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>That Have Not</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>That Have Not</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>(3)(4)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Vested</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Vested</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian E. Mueller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,093,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center" nowrap>November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;W. Stan Meyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">437,315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel E. Bachus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">393,584</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;Kathy Player</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,732</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael S. Lacrosse</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,612</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Timothy R. Fischer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,933</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">November 19, 2018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Mueller received a stock award of 109,329 shares of common stock on November&nbsp;19, 2008,
which was the date our registration statement for our initial public offering became
effective, that was fully vested upon grant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by these options were fully vested upon grant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by the options granted to Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, Mr.&nbsp;Bachus and Dr.
Player vest in five successive equal annual installments upon the completion of each year of
service with us over the five year period measured from the November&nbsp;19, 2008 grant date,
subject to fully accelerated vesting in the event of a termination of employment by us without
cause or by the executive for good reason within 12&nbsp;months following a change in control of
the Company. Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus also receive partially accelerated
vesting through the next vesting date immediately following the date of termination, upon the
termination of employment by us without cause or by the executive for good reason.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>The shares covered by the options granted to Messrs.&nbsp;Lacrosse and Fischer vest in five
successive equal annual installments upon the completion of each year of service with us over
the five year period measured from the November&nbsp;19, 2008 grant date.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Option Exercises and Stock Vested</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">None of our named executive officers exercised any stock options during the fiscal year ended
December&nbsp;31, 2008. Mr.&nbsp;Brian E. Mueller, our Chief Executive Officer and Director, received a
stock award of 109,329 shares of common stock on November&nbsp;19, 2008, which was the date our
registration statement for our initial public offering became effective, that was fully vested upon
grant. The value of such grant was $1,311,948, which was determined by multiplying the number of
shares of stock granted by $12.00, which was the initial public offering price of our common stock.
</DIV>
<DIV align="left">
<A name="128"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Potential Payments upon Termination or Change in Control</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We have employment agreements with our named executive officers (other than Messrs.&nbsp;Lacrosse
and Fischer) that entitle them to certain severance payments and other benefits in the event of
certain types of terminations, which are summarized below.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->24<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Termination for Cause</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Each of the employment agreements provides that if the named executive officer is terminated
by us for &#147;Cause,&#148; the named executive officer will be entitled to receive only his or her base
salary then in effect, pro rated to the date of termination, and all fringe benefits through the
date of termination, and all of such officer&#146;s vested and unvested options will terminate. For
purposes of each of the employment agreements, &#147;Cause&#148; is defined as (a)&nbsp;acts or omissions
constituting gross negligence, recklessness or willful misconduct on the part of the executive with
respect to the executive&#146;s obligations or otherwise relating to the business of the Company;
(b)&nbsp;the executive&#146;s material breach of the employment agreement; (c)&nbsp;the executive&#146;s breach of the
Company&#146;s employee nondisclosure and assignment agreement; (d)&nbsp;the executive&#146;s conviction or entry
of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of
moral turpitude; (e)&nbsp;the executive&#146;s inability to perform the essential functions of the
executive&#146;s position, with or without reasonable accommodation, due to a mental or physical
disability; (f)&nbsp;the executive&#146;s willful neglect of duties as determined in the sole and exclusive
discretion of the Board of Directors, provided that the executive has received written notice of
the action or omission giving rise to such determination and has failed to remedy such situation to
the satisfaction of the Board of Directors within 30&nbsp;days following receipt of such written notice,
unless the executive&#146;s action or omission is not subject to cure, in which case no such notice
shall be required, or (g)&nbsp;the executive&#146;s death.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Termination Without Cause or Termination for Good Reason</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Each of the employment agreements provides that if the named executive officer&#146;s employment is
terminated by us without Cause, or by the executive for &#147;Good Reason,&#148; the named executive officer
will be entitled to receive his or her base salary then in effect, pro rated to the date of
termination, as well as a severance package consisting of the following:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a severance payment equivalent to 12&nbsp;months of the executive&#146;s base salary then in
effect on the date of termination, payable in accordance with the Company&#146;s regular
payroll cycle commencing with the first payroll date occurring on or after the 60th day
following the date of the executive&#146;s termination of employment;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>payment by us of the premiums required to continue the executive&#146;s group health care
coverage for a period of 12&nbsp;months following the executive&#146;s termination, under the
applicable provisions of the Consolidated Omnibus Budget Reconciliation Act (&#147;COBRA&#148;),
provided that the executive timely elects to continue and remains eligible for these
benefits under COBRA, and does not become eligible for health coverage through another
employer during this period; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>with respect to Mr.&nbsp;Mueller, Dr.&nbsp;Meyer, and Mr.&nbsp;Bachus, acceleration of the vesting
of the next annual installment of the options granted to them in November&nbsp;2008 that
would otherwise have vested on the next vesting date following the termination of the
executive&#146;s employment.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">To receive the severance package, the executive must: (i)&nbsp;comply with all surviving
provisions of his or her agreement, including the non-competition, non-solicitation, and
confidentiality provisions described below, and (ii)&nbsp;execute a full general release, releasing all
claims, known or unknown, that executive may have against us arising out of or in any way related
to executive&#146;s employment or termination of employment with us. In addition, for options that
previously vested, the executive has until the earlier of three months from the date of separation
and the expiration of the applicable option to exercise such option.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For purposes of each of the employment agreements, &#147;Good Reason&#148; is defined as the occurrence
of any of the following conditions without the executive&#146;s written consent, which condition remains
in effect 30&nbsp;days after the executive provides written notice to us of such condition: (a)&nbsp;a
material reduction in the executive&#146;s base salary as then in effect prior to such reduction, other
than as part of a salary reduction program among similar management employees, (b)&nbsp;a material
diminution in the executive&#146;s authority, duties or responsibilities as an employee of the Company
as they existed prior to such change, or (c)&nbsp;a relocation of the executive&#146;s principal place of
work that increases the executive&#146;s one-way commute distance by more than 50 miles; provided that
the executive will be deemed to have given consent to any such condition if the executive does not
provide written notice to us of his or her intent to exercise such rights within 30&nbsp;days following
the first occurrence of such condition.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Termination Upon a Change in Control</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Each of the employment agreements provides that if the named executive officer&#146;s employment is
terminated by us without Cause or by the executive for Good Reason, in each case upon or within 12
months following a &#147;Change in Control,&#148; then, in addition to receiving his or her base salary then
in effect, pro rated to the date of termination, and the severance package described above, the
named executive officer will also be entitled to acceleration of the vesting of all stock options
held by such executive that have not yet vested as of the date of such termination. For purposes
of each of the employment agreements, &#147;Change in Control&#148; is defined as any one of the following
occurrences: (a)&nbsp;any &#147;person&#148; (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934 (the &#147;Exchange Act&#148;)), becomes the &#147;beneficial owner&#148; (as such term is defined
in Rule&nbsp;13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the
Company representing more than 50% of the total fair market value or total combined voting power of
our then-outstanding securities entitled to vote generally in the election of directors; provided,
however, that a Change in Control shall not be deemed to have occurred if such degree of beneficial
ownership results from any of the following: (i)&nbsp;an acquisition of securities by any person who on
the effective date of the employment agreement was the beneficial owner of more than 50% of such
voting power, (ii)&nbsp;any acquisition of securities directly from us including, without limitation,
pursuant to or in connection with a public offering of securities, (iii)&nbsp;any acquisition of
securities by us, (iv)&nbsp;any acquisition of securities by a trustee or other fiduciary under a
Company employee benefit plan, or (v)&nbsp;any acquisition of securities by an entity owned directly or
indirectly by stockholders of the Company in substantially the same proportions as their ownership
of the voting securities of the Company; (b)&nbsp;the sale or disposition of all or substantially all of
the Company&#146;s assets (other than a sale or disposition to one or more subsidiaries of the Company),
or any transaction having similar effect is consummated; (c)&nbsp;the Company is party to a merger or
consolidation that results in the holders of voting securities of the Company outstanding
immediately prior thereto failing to continue to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity) more than 50% of the combined
voting power of the voting securities of the Company or such surviving entity outstanding
immediately after such merger or consolidation; or (d)&nbsp;the dissolution or liquidation of the
Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B><I>Non-Competition and Non-Solicitation Obligations</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Each of the agreements prohibits the executives from engaging in any work that creates an
actual conflict of interest with us, and includes customary non-competition and non-solicitation
covenants that prohibit the executives, during their employment with us and for 12&nbsp;months
thereafter, from (i)&nbsp;owning (except ownership of less than 1% of any class of securities which are
listed for trading on any securities exchange or which are traded in the over the counter market),
managing, controlling, participating in, consulting with, rendering services for, or in any manner
engaging in the operation of a for-profit, postsecondary education institution or any other
business that is in the same line of business as us; (ii)&nbsp;soliciting funds on behalf of, or for the
benefit of, any for-profit, postsecondary education institution (other than us) or any other entity
that competes with us; (iii)&nbsp;soliciting our current or prospective students to be students for any
other for-profit, postsecondary education institution; (iv)&nbsp;inducing or attempting to induce any of
our employees to leave our employ, or in any way interfering with the relationship between us and
any of our employees; or (v)&nbsp;inducing or attempting to induce any of our students, customers,
suppliers, licensees, or other business partners to cease doing business with, or modify its
business relationship with, us, or in any way interfere with or hinder the relationship between any
such student, customer, supplier, licensee, or business partner and us. Each of the executives has
separately entered into a confidentiality agreement with us.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->26<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table provides information regarding the potential payments upon termination
without Cause or for Good Reason, as well upon termination without Cause or for Good Reason after a
Change in Control of the Company, which would have been paid to each executive in the event he or
she had been terminated as of December&nbsp;31, 2008. All payments in connection with any such
termination will comply with Section&nbsp;409A of the Code, to the extent Section&nbsp;409A applies. The
actual amounts to be paid out can only be determined at the time of such executive&#146;s separation
from the Company.
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="10"><B>Termination without Cause or for Good Reason</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>Termination without Cause or for Good Reason</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="10" style="border-bottom: 1px solid #000000"><B>following a Change in Control</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Acceleration of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Acceleration of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="2"><B>Cash Payment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Benefits</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Vesting of Options</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cash Payment</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Benefits</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Vesting of Options</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B> ($)(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(3)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($)(3)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brent D. Richardson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian E. Mueller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,482,499</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">500,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,412,493</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;W. Stan Meyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">592,999</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,964,996</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel E. Bachus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">533,700</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,668,500</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Christopher C.
Richardson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;Kathy Player</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">296,503</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Assumes a termination date of December&nbsp;31, 2008, and is based on the executive&#146;s salary in
effect at such date.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Reflects the cost related to the continuation of the executive&#146;s heath benefits for the
period specified. Dr.&nbsp;Player does not currently receive Company-paid benefits.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Calculated based on an assumed termination date of December&nbsp;31, 2008 and the closing market
price of our common stock on the Nasdaq Global Market on such date, less the applicable
exercise price for each option for which vesting is accelerated.</TD>
</TR>

</TABLE>

<DIV align="left">
<A name="129"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>2008 Compensation of Directors</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We did not pay our directors any compensation for their services in that capacity prior to our
initial public offering, but did pay them for attending the one meeting that occurred following the
consummation of our initial public offering. We also reimbursed our non-employee directors for all
reasonable expenses incurred by them in attending board and committee meetings.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In 2009, we adopted a directors&#146; compensation policy for our non-employee directors which
slightly modifies the policy that had previously been adopted by our Board of Directors prior to
our initial public offering with respect to the form of the annual retainer to be paid to each
director and with respect to the provision of equity grants to newly appointed or elected
directors. Like the prior policy, the new compensation policy utilizes annual retainers, per
meeting fees, and restricted stock grants. For joining our board, Messrs.&nbsp;Johnson and Henry and any
new non-employee directors will receive an award of restricted stock under our Incentive Plan
valued at $20,000, which will vest on the one year anniversary of the date of grant, subject to
accelerated vesting in the event of a change in control. For serving on the Board of Directors,
our non-employee directors will receive an annual retainer of $60,000 in cash or, at their
election, an annual retainer consisting of $30,000 in cash and an award of restricted stock under
our Incentive Plan valued at $35,000. The restricted stock grants to our non-employee directors
will be made after our annual meeting of stockholders each year and will vest on the earlier of the
one year anniversary of the date of grant or immediately prior to the next year&#146;s annual meeting of
stockholders, subject to acceleration in the event of a change in control. In addition, our lead
outside director will receive an annual cash retainer of $33,333, each non-employee director will
receive an annual cash retainer for service on a board committee of $5,000, and each committee
chair will receive an additional annual retainer of $2,500, except for the chair of the audit
committee, whose additional annual retainer will be $5,000. Each of the annual retainers will be
payable in quarterly installments. We will also pay our non-employee directors a fee of $2,000 per
meeting for each meeting of the Board of Directors attended. We will reimburse all of our
directors for reasonable expenses incurred to attend our board and committee meetings.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->27<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table provides information regarding the compensation paid to our non-employee
directors in 2008 following our initial public offering in November&nbsp;2008:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="58%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Fees Earned or</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Equity-Based</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Paid in Cash ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Awards ($)(2)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Total ($)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chad N. Heath</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">D. Mark Dorman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David J. Johnson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,464</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,464</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jack A. Henry</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Directors who are Company employees receive no additional compensation for serving on the
Board of Directors. Compensation for Brent D. Richardson and Christopher C. Richardson is
reflected in the Summary Compensation Table above.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>For agreeing to serve as our lead independent director, Mr.&nbsp;Johnson received, upon the
effectiveness of our initial public offering, a grant of an option to purchase 145,772 shares
of our common stock, at an exercise price of $12.00 per, which was the initial public offering
price of our common stock, which vests ratably, on an annual basis, over a three-year period.
The amount shown in this column reflects the SFAS 123(R) compensation costs recognized in
fiscal year 2008 attributable to the stock options granted to Mr.&nbsp;Johnson. The SFAS 123(R)
compensation cost is based on the SFAS 123(R) grant date fair value of such stock options and
does not take into account any estimated forfeitures related to service-based vesting
conditions, if any. Assumptions used in the calculation of the SFAS 123(R) grant date fair
value of such options granted during the 2008 fiscal year are set forth in Notes 2 and 14 to
our financial statements for the fiscal year ended December&nbsp;31, 2008 included in our 2008
Annual Report on Form 10-K.</TD>
</TR>

</TABLE>

<DIV align="left">
<A name="130"></A>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Compensation Committee Report</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The compensation committee has discussed and reviewed the Compensation Discussion and Analysis
with management. Based upon this review and discussion, the compensation committee recommended to
the Board of Directors that the Compensation Discussion and Analysis be included in this proxy
statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 50%">Compensation Committee:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 50%"><I>David J. Johnson (Chair)<BR>
Chad N. Heath<BR>
D. Mark Dorman</I>

</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left">
<A name="131"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>BENEFICIAL OWNERSHIP OF COMMON STOCK</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table sets forth information regarding the beneficial ownership of our common
stock as of February&nbsp;28, 2009 for:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each person, or group of affiliated persons, known to us to own beneficially 5% or
more of our outstanding common stock;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each of our directors;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each of our named executive officers; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all of our directors and named executive officers as a group.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The information in the following table has been presented in accordance with the rules of the
SEC. Under SEC rules, beneficial ownership of a class of capital stock includes any shares of such
class as to which a person, directly or indirectly, has or shares voting power or investment power
and also any shares as to which a person has the right to acquire such voting or investment power
within 60&nbsp;days through the exercise of any stock option, warrant or other right. If two or more
persons share voting power or investment power with respect to specific securities, each such
person is deemed to be the beneficial owner of such securities. Except as we otherwise indicate
below and under applicable community property laws, we believe that the beneficial owners of the
common stock listed below, based on information they have furnished to us, have sole voting and
investment power with respect to the shares shown. Unless otherwise noted below, the address for
each holder listed below is 3300 W. Camelback Road, Phoenix, Arizona 85017.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The calculations of beneficial ownership in this table are based on 45,485,765 shares
outstanding at February&nbsp;28, 2009 and give effect to the voting agreement described below under
&#147;Certain Relationships and Related Transactions &#151; Voting Agreement.&#148;
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Common Stock</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount and Nature of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Beneficial Ownership</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Percent of Class</B><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Principal Stockholders:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Endeavour Capital Fund IV, L.P. and affiliates<SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Staci L. Buse<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,503,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant Ventures, LLC<SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,971,144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Directors and Named Executive Officers:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brent D. Richardson<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,516,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">42.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian E. Mueller</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Christopher C. Richardson<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,516,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">42.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daniel E. Bachus</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;W. Stan Meyer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Michael S. Lacrosse<SUP style="font-size: 85%; vertical-align: text-top">(6)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,483</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dr.&nbsp;Kathy Player<SUP style="font-size: 85%; vertical-align: text-top">(6)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chad N. Heath<SUP style="font-size: 85%; vertical-align: text-top">(7)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">D. Mark Dorman<SUP style="font-size: 85%; vertical-align: text-top">(7)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">22.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">David J. Johnson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jack A. Henry</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,950</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>All directors and executive officers as a group (11 persons)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,718,625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">65.5</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left"><DIV style="font-size: 10pt; margin-top: 6pt; width: 18%; border-bottom: 1px solid #000000">&nbsp;</DIV></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Represents beneficial ownership of less than 1%.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The percentage of beneficial ownership as to any person as of a particular date is calculated
by dividing the number of shares beneficially owned by such person, which includes the number
of shares as to which such person has the right to acquire voting or investment power within
60&nbsp;days after such date, by the sum of the number of shares outstanding as of such date plus
the number of shares as to which such person has the right
to acquire voting or investment power within 60&nbsp;days after such date. Consequently, the
denominator for calculating beneficial ownership percentages may be different for each
beneficial owner.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->29<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Endeavour Capital IV, LLC is the general partner of the Endeavour Entities, and has voting
and dispositive power with respect to the shares held by the Endeavour Entities. Messrs.&nbsp;Chad
N. Heath and D. Mark Dorman, each of whom is a managing director of Endeavour Capital IV, LLC
and serves on our Board of Directors, disclaim beneficial ownership of these shares except to
the extent of their respective pecuniary interests. The address for these entities is 920 SW
Sixth Avenue, Suite&nbsp;1400, Portland, Oregon 97204.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Consists of shares of common stock held of record by Rich Crow Enterprises, LLC and Masters
Online, LLC which are attributable to, and beneficially owned by, Ms.&nbsp;Staci L. Buse, who is
the sister of Brent D. Richardson and Christopher C. Richardson. Pursuant to a proxy and
voting agreement, Messrs.&nbsp;Brent D. Richardson and Christopher C. Richardson have voting power
over the shares beneficially owned by Ms.&nbsp;Buse. Each of Messrs.&nbsp;Brent D. Richardson and
Christopher C. Richardson disclaims beneficial ownership of such shares, except to the extent
of such voting interest.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Michael Clifford is the managing director of and has dispositive power with respect to the
shares held by Significant Ventures, LLC. The address for Significant Ventures, LLC is 243
North Highway 101, Suite&nbsp;11, Solana Beach, California 92075. Pursuant to a proxy and voting
agreement, Messrs.&nbsp;Brent D. Richardson and Christopher C. Richardson have voting power over
the shares beneficially owned by Significant Ventures, LLC. Each of Messrs.&nbsp;Brent D.
Richardson and Christopher C. Richardson disclaim beneficial ownership of such shares, except
to the extent of such voting interest.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>The total for Messrs.&nbsp;Brent D. Richardson and Christopher C. Richardson consists of:</TD>
</TR>

</TABLE>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3,503,171 shares of common stock held of record by Rich Crow Enterprises, LLC and
Masters Online, LLC which are attributable to, and beneficially owned by, Mr.&nbsp;Brent D.
Richardson;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3,504,036 shares of common stock held of record by Rich Crow Enterprises, LLC and
Masters Online, LLC which are attributable to, and beneficially owned by,
Mr.&nbsp;Christopher C. Richardson;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>3,503,171 shares of common stock held of record by Rich Crow Enterprises, LLC and
Masters Online, LLC which are attributable to, and beneficially owned by, the sister of
Messrs.&nbsp;Brent D. Richardson and Christopher C. Richardson as described in Note (3)
above;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>401,900 shares of common stock held of record by Rich Crow Enterprises, LLC that are
attributable to, and beneficially owned by, another member thereof;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The shares held by Significant Ventures, as described in Note (4)&nbsp;above; and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>5,632,820 shares of common stock held of record by other stockholders.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Pursuant to a proxy and voting agreement, Messrs.&nbsp;Brent D. Richardson and Christopher C.
Richardson have voting power over the shares beneficially owned by their sister and by the
other member of Rich Crow Enterprises, LLC, as well as those covered by Significant
Ventures, and certain other stockholders. Each of Messrs.&nbsp;Brent D. Richardson and
Christopher C. Richardson disclaims beneficial ownership of such shares, except to the
extent of such voting interest.
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 3pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes 29,463 shares of common stock issuable upon exercise of vested stock options.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(7)</TD>
    <TD>&nbsp;</TD>
    <TD>Consists of 10,012,138 shares of common stock held of record by the Endeavour Entities (see
note (2)&nbsp;above). Messrs.&nbsp;Chad N. Heath and D. Mark Dorman, each of whom is a managing member
of Endeavour Capital IV, LLC, the general partner of the Endeavour Entities, and serves on our
Board of Directors, disclaim beneficial ownership of these shares except to the extent of
their respective pecuniary interests.</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->30<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left">
<A name="132"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Policies and Procedures for Related Person Transactions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We have adopted a written related party transactions policy, pursuant to which our executive
officers, directors and principal stockholders, including their immediate family members, are not
permitted to enter into a related person transaction with us without the prior consent of our audit
committee. Any request for us to enter into a transaction with an executive officer, director,
principal stockholder or any of such persons&#146; immediate family members or affiliates, in which the
amount involved exceeds $120,000 must be presented to our audit committee for review, consideration
and approval. All of our directors, executive officers and employees are required to report to our
audit committee any such related person transaction. In approving or rejecting the proposed
agreement, our audit committee will take into account, among other factors it deems appropriate,
whether the transaction is on terms no less favorable than terms generally available to an
unaffiliated third-party under the same or similar circumstances and the extent of the related
party&#146;s interest in the transaction. Under the policy, if we should discover related person
transactions that have not been pre-approved, the audit committee will be notified and will
determine the appropriate action, including ratification, rescission or amendment of the
transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Under the policy, certain types of transactions have been pre-approved by the audit committee,
including employment arrangements with executive officers, director compensation, transactions
where all stockholders receive proportional benefits, transactions involving competitive bids,
regulated transactions, and banking-related service transactions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Set forth below is a summary of certain transactions since January&nbsp;1, 2008, in which the
Company was or is to be a participant and involving our directors, our executive officers,
beneficial owners of more than 5% of our common stock, and some of the entities with which the
foregoing persons are affiliated or associated, and in which the amount involved exceeds or will
exceed $120,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Investor Rights Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In connection with our conversion from a limited liability company to a corporation and the
related investment in us by the Endeavour Entities, and certain other investors on August&nbsp;24, 2005,
we entered into an investor rights agreement with the Endeavour Entities, and certain other named
parties. The investor rights agreement, as currently in effect, contains agreements among the
parties with respect to registration rights.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Voting Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As discussed in our Annual Report on Form 10-K, the Department of Education and many states
and accrediting commissions require institutions of higher education to report or obtain approval
of certain changes in control and changes in other aspects of institutional organization or
control. In connection with our initial public offering, certain of our stockholders entered into
a proxy and voting agreement, pursuant to which such persons granted to Brent D. Richardson, our
Executive Chairman, and Christopher C. Richardson, our General Counsel and director, a five-year
irrevocable proxy to exercise voting authority with respect to certain shares of our common stock
held by such persons. As a result of the agreement, as of February&nbsp;28, 2009, the Richardsons have
voting authority with respect to approximately 42.9% of our outstanding shares of capital stock.
See &#147;Beneficial Ownership of Common Stock.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Special Distribution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We declared a special distribution that was paid promptly after the completion of our initial
public offering in November&nbsp;2008 to our stockholders who owned shares of record immediately prior
to the consummation of our initial public offering. The aggregate amount of the special
distribution was equal to 75% of the gross proceeds from the sale of common stock in our initial
public offering, including 75% of the gross proceeds received by us from the underwriters&#146; exercise
of their over-allotment option. The aggregate amount of the special distribution was
$108.7&nbsp;million, or approximately $3.27 per common share on an as if converted basis.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->31<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table sets forth the amount of cash paid as a result of the special distribution
in respect of outstanding shares of our capital stock as to which each of our 5% stockholders,
executive officers and directors was deemed to have sole or shared voting or investment power as of
the date of the special distribution.
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Shares Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Original Acquisition</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Owned and</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cost of Shares to</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Special</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Outstanding as of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Date of Acquisition</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>which Special</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Distribution</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>November 18,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Distribution</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount for Shares</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name of Beneficial Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2008</B><SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Beneficially Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Related</B><SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Beneficially Owned</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7">(dollars in thousands)</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>5% Stockholders</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Endeavour Capital Fund IV and affiliates<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,035,048</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">August 24, 2005</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,547</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">977,090</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,195</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,742</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">220 GCU, L.P. and affiliates<SUP style="font-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,756,328</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,042</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,554</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,835,130</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">August 24, 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,001</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">545,218</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,783</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,136,676</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,563</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,338</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Staci L. Buse<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,347,452</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,947</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155,719</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">934</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">509</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,503,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,456</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Significant Ventures, LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,767,321</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,050</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,223</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">667</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,971,144</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,717</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Directors</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chad N. Heath<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,035,048</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">August 24, 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,547</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">977,090</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,195</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,742</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">D. Mark Dorman<SUP style="font-size: 85%; vertical-align: text-top">(3)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,035,048</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">August 24, 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,547</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">977,090</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,195</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,012,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,742</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B><I>Executive Officers</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brent D. Richardson<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,347,452</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,947</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155,719</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">934</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">509</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,503,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,456</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">John E. Crowley<SUP style="font-size: 85%; vertical-align: text-top">(6)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">382,435</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">164</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,251</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,465</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">401,900</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">281</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,315</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Christopher C. Richardson<SUP style="font-size: 85%; vertical-align: text-top">(5)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,348,317</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,950</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">155,719</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">934</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">509</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,504,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,459</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px"><B><I>All directors and executive officers as a group</I></B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,078,204</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">February 2, 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,050</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,148</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,035,048</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">August 24, 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,547</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,307,993</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">December 18, 2007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,848</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,277</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,421,245</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">26,898</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">56,972</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>For the purpose of calculating shares beneficially owned and outstanding as of November&nbsp;18,
2008, which was the date immediately prior to our initial public offering and the record date
for purposes of determining the stockholders entitled to receive the special distribution, the
number of shares of common stock deemed outstanding includes all shares of common stock
issuable upon the conversion of all outstanding shares of our Series&nbsp;A and Series&nbsp;C preferred
stock. Beneficial ownership is determined in accordance with the rules of the SEC that
generally attribute beneficial ownership of securities to persons that possess sole or shared
voting
power and/or investment power with respect to those securities. The persons identified in
this table have sole voting and investment power with respect to all shares shown as
beneficially owned by them, except as set forth in the footnotes to the table included in
&#147;Beneficial Ownership of Common Stock.&#148;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->32<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>On August&nbsp;24, 2005, we converted from a limited liability company to a taxable corporation.
The reported acquisition cost of shares of common stock represents the value of the capital
contributions originally made to acquire the limited liability company interests that were
converted into common stock upon such conversion plus capital contributions for which no
additional interests were issued, less capital distributions.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares held of record by the Endeavour Entities. Messrs.&nbsp;Chad N. Heath and D.
Mark Dorman, each of whom is a managing director of Endeavour Capital IV, LLC., the general
partner of each of the Endeavour Entities, are members of our Board of Directors.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares previously held of record by 220 GCU, L.P., 220 Education, L.P., 220-SigEd,
L.P., and SV One, L.P., which, prior to our initial public offering, were collectively the
beneficial owners of more than 5% of our common stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(5)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares held of record by Rich Crow Enterprises, LLC, and Masters Online, LLC, of
which Brent D. Richardson, Christopher C. Richardson, and Staci L. Buse are members and, in
each case, which are attributable to, and beneficially owned by, Brent D. Richardson,
Christopher C. Richardson, or Staci L. Buse, as applicable.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(6)</TD>
    <TD>&nbsp;</TD>
    <TD>Represents shares held of record by Rich Crow Enterprises, LLC, of which John E. Crowley, our
former chief operating officer, is a member, which are attributable to, and beneficially owned
by, John E. Crowley. Mr.&nbsp;Crowley resigned his position as chief operating officer on
February&nbsp;17, 2009.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For additional information regarding share ownership, see &#147;Beneficial Ownership of Common
Stock.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Arrangement with Mind Streams</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">We are a party to an agreement with Mind Streams, LLC, which is owned and operated, in part,
by Gail Richardson, father to Brent D. Richardson, our Executive Chairman, and Christopher C.
Richardson, our General Counsel and a director. Pursuant to this agreement, Mind Streams identifies
qualified applicants for admission to Grand Canyon University in return for which it is a paid a
stated percentage of the net revenue (calculated as tuition actually received, less scholarships,
refunds, and allowances) derived by us from those identified applicants that matriculate at Grand
Canyon University. The term of the agreement runs through December&nbsp;31, 2010, and can be terminated
by either party upon 45&nbsp;days&#146; prior written notice. For the year ended December&nbsp;31, 2008, we paid
Mind Streams $5.9&nbsp;million pursuant to this arrangement for students enrolled and expenses
reimbursed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Arrangement with Vergo Marketing</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">From time to time we obtain marketing services from Vergo Marketing, Inc., of which the
sister-in-law of Brent D. Richardson, our Executive Chairman, is a significant stockholder and
chief executive officer. For the year ended December&nbsp;31, 2008, we paid Vergo Marketing, Inc. $0.4
million for such services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Endeavour Professional Services Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In connection with the investment by the Endeavour Entities, among others, on August&nbsp;24, 2005,
we entered into a professional services agreement with Endeavour Capital IV, LLC. Under the
agreement, we engaged Endeavour Capital IV, LLC as a consultant to our Board of Directors on
business and financial matters, including, without limitation, corporate strategy, budgeting,
acquisition and divestiture strategies, and debt and equity financings. Under the agreement, we
paid Endeavour Capital IV, LLC a one time fee of $340,667 upon execution of the agreement and
agreed to pay Endeavour Capital IV, LLC a consulting fee of $250,000 per year thereafter, subject
to annual increases as determined by the Board of Directors (not including those directors
appointed by Endeavour) based on performance. In addition, we agreed to reimburse Endeavour
Capital IV, LLC for reasonable legal, due diligence, travel and other out-of-pocket expenses, and
to indemnify Endeavour Capital IV, LLC and its affiliates for
any action or inaction related to the agreement, except as a result of their gross negligence
or intentional misconduct. For the year ended December&nbsp;31, 2008, we paid fees to Endeavour Capital
IV, LLC in the amount of $0.4&nbsp;million, which amount constituted less than 5% of Endeavour Capital
IV, LLC&#146;s consolidated gross revenues for such year. The professional services agreement
terminated by its terms upon the closing of our initial public offering.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->33<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left">
<A name="133"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EQUITY COMPENSATION PLAN INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The following table provides information as of December&nbsp;31, 2008, with respect to shares of
our common stock that may be issued under our existing equity compensation plans:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of securities</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of securities to be</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Weighted-average</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>remaining available</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>issued upon exercise of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>exercise price of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>for future issuance</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>outstanding options,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>outstanding options,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>under equity</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Plan Category</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>warrants and rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>warrants and rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>compensation plans</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity Compensation
Plans Approved by
Securityholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3,247,936</TD>
    <TD nowrap>      <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">902,679</TD>
    <TD nowrap>      <SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity Compensation
Plans Not Approved
by Securityholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">none</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right">none</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3,247,936</TD>
    <TD nowrap>      <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">12.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">902,679</TD>
    <TD nowrap>      <SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes outstanding options to purchase shares of our common stock under the 2008 Equity
Incentive Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes shares available for future issuances under the 2008 Equity Incentive Plan.</TD>
</TR>

</TABLE>

<DIV align="left">
<A name="134"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Section&nbsp;16(a) of the Exchange Act requires that our Company&#146;s directors and executive officers
file initial reports of ownership and reports of changes in ownership with the SEC. Directors and
executive officers are required to furnish our Company with copies of all Section 16(a) forms they
file. Based solely on a review of the copies of such forms furnished to our Company and written
representations from our Company&#146;s directors and executive officers, all reports required by
Section 16(a) were filed on a timely basis for the fiscal year ended December&nbsp;31, 2008.
</DIV>
<DIV align="left">
<A name="135"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>HOUSEHOLDING OF PROXY MATERIALS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The SEC has adopted rules that permit companies and intermediaries such as brokers to satisfy
delivery requirements for annual reports, proxy statements, and Notices of Internet Availability of
Proxy Materials with respect to two or more stockholders sharing the same address by delivering a
single annual report, proxy statement, or Notice of Internet Availability of Proxy Materials
addressed to those stockholders. This process, which is commonly referred to as &#147;householding,&#148;
potentially provides extra convenience for stockholders and cost savings for companies. Brokers
with account holders who are stockholders of the Company may be householding the Company&#146;s proxy
materials. Once you have received notice from your broker that it will be householding materials
to your address, householding will continue until you are notified otherwise or until you revoke
your consent. If, at any time, you no longer wish to participate in householding and would prefer
to receive a separate annual report, proxy statement, or Notices of Internet Availability of Proxy
Materials or if you are receiving multiple copies thereof and wish to receive only one, please
notify your broker or notify the Company by sending a written request to Grand Canyon Education,
Inc., 3300 W. Camelback Road, Phoenix, Arizona, 85017, Attn: Investor Relations, or by calling
(602)&nbsp;639-7500.
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->34<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">


<DIV align="left">
<A name="136"></A>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>ADDITIONAL INFORMATION</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Our 2008 annual report and our Annual Report on Form 10-K for fiscal year 2008, including
financial statements, are being mailed with this proxy statement to all stockholders of record as
of April&nbsp;3, 2009, including those stockholders whose shares are held in a brokerage, bank or
similar account, who will receive the same mailing from the organization holding the account.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As of the date of this proxy statement, management knows of no matters that will be presented
for determination at the Annual Meeting other than those referred to herein. If any other matters
properly come before the Annual Meeting calling for a vote of stockholders, it is intended that the
persons named in the proxies solicited by our Board of Directors, in accordance with their best
judgment, will vote the shares represented by these proxies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Stockholders who wish to obtain an additional copy of our Annual Report on </B><B>Form 10-K</B><B>, for the
fiscal year ended December&nbsp;31, 2008, may do so without charge by writing to Investor Relations,
Grand Canyon Education, Inc., 3300 W. Camelback Road, Phoenix, Arizona 85017.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">By Order of the Board of Directors,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c83762c8376202.gif" alt="-s- Christopher C. Richardson">

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Christopher C. Richardson<BR>
<I>Secretary</I>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Dated: April&nbsp;10, 2009

</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>



<DIV style="font-family: Helvetica,Arial,sans-serif; margin-left: .25in; width: 7.20in">


<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 10pt">

<TD valign="top" rowspan="4"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="c83762c8376203.gif" alt="(GRAND CANYON UNIVERSITY LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Electronic Voting Instructions</B></td>
</tr>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>You can vote by Internet or telephone!<br>
Available 24 hours a day, 7&nbsp;days a week!</B></td>
</tr>
<TR valign="bottom">

    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote
your proxy.<br>
VALIDATION DETAILS ARE LOCATED BELOW IN THE TITLE BAR.<br>
<B>Proxies submitted by the Internet or telephone must be received by
11:59&nbsp;p.m. (PT)&nbsp;on Monday, May&nbsp;18, 2009.</b></TD>
</TR>

<TR valign="bottom" style="font-size: 10pt">

    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><b>Vote by Internet</B>
</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</td>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Log on to the Internet and go to<br>
<B>www.investorvote.com/LOPE</B></DIV></TD>
</TR>

<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Follow the steps outlined on the secured website.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px; font-size: 10pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Vote by telephone</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Call toll free 1-800-652-VOTE (8683)&nbsp;within the United
States, Canada &#038; Puerto Rico any time on a touch tone
telephone. There is <B>NO CHARGE </B>to you for the call.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:21px; text-indent:-21px"><B>&#149;</B>&nbsp;&nbsp;&nbsp;Follow the instructions provided by the recorded message.</DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="right">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Using a <U><B>black ink</B></U> pen, mark your votes with an <B>X </B>as shown in
this example. Please do not write outside the designated areas.<br><br>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom" style="font-size: 18pt"><FONT face="Wingdings">&#253;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 10pt"><DIV style="border-bottom: 2px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 14pt; margin-top: 1pt; margin-left: 2%"><B>Annual Meeting Proxy Card</B>

</DIV>

<DIV align="Center" style="font-size: 10pt"><DIV style="border-bottom: 2px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV align="justify" style="font-size: 7pt; margin-top: 10pt; margin-left: 2%"><B>IF YOU HAVE NOT VOTED VIA THE INTERNET </B><U><B>OR</B></U><B> TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND
RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.</B>
</DIV>

<DIV align="justify" style="font-size: 8pt; margin-top: 10pt; margin-left: 2%"><B>A Proposals &#151; The Board of Directors recommends a vote </B><U><B>FOR</B></U><B> all the nominees listed and</B>
<U><B>FOR</B></U><B> Proposal 2.</B>
</DIV>
<DIV align="right">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1. Election of Directors:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">01 - Brent D. Richardson
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">02 - Christopher C. Richardson
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">03 - Chad N. Heath</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">04 - D. Mark Dorman
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">05 - David J. Johnson
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">06 - Jack A. Henry</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">07 - Brian E. Mueller</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="right">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
<B>Mark here to vote <U>FOR</U> all nominees</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap><FONT face="Wingdings">&#111;</FONT> <B>Mark here to <U>WITHHOLD</U> vote from all nominees</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="3"><FONT face="Wingdings">&#111;</FONT> <B>For All <U>EXCEPT</U> -</B>
To withhold authority to
vote for any nominee(s),
write the name(s) of
such nominee(s)
below.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="right">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom" style="font-size: 28pt">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">To ratify the appointment of Ernst &#038; Young LLP as the Company&#146;s independent auditors for the
fiscal year ending December&nbsp;31, 2009.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">For<BR>
<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Against<BR>
<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Abstain<BR>
<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 40pt; margin-left: 2%"><B>B Non-Voting Items</B>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 5pt; margin-left: 2%"><B>Change of Address </B>&#151; Please print new address below.
</DIV>
<P>

<DIV align="right">
<DIV style="width: 98%; border: 1px solid black; padding: 11px;">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">&nbsp;
</DIV>
</DIV>
</DIV>



<DIV align="justify" style="font-size: 9pt; margin-top: 10pt; margin-left: 2%"><B>C Authorized Signatures &#151; This section must be completed for your vote to be counted. &#151; Date and
Sign Below</B>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 2%">Please sign exactly as your name(s) appear on Proxy. If held in joint tenancy, all persons must
sign. Trustee, administrators, etc., should include title and authority. Corporations should
provide full name of corporation and title of authorized officer signing the proxy.
</DIV>
<DIV align="right">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date (mm/dd/yyyy) &#151; Please print date below.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" NOWRAP>Signature 1 &#151; Please keep signature within the box.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Signature 2 &#151; Please keep signature within the box.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif; margin-left: .25in; width: 7.20in">

<DIV align="left">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="c83762c8376204.gif" alt="(FLOOR PLAN)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" nowrap><B>ANNUAL MEETING OF<br> STOCKHOLDERS<br><br> Tuesday, May&nbsp;19, 2009<br>10:00&nbsp;a.m.<br><br> Ethington Theatre<br>3300 W. Camelback Road<br>Phoenix, Arizona 85017</B></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<DIV align="left">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="98%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Grand Canyon Education, Inc. <br>3300 W. Camelback Road <br> Phoenix, Arizona 85017</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

    <TD align="center" valign="top" colspan="3"><B>Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be
Held on May&nbsp;19, 2009.<br> This proxy statement and our 2008 annual report for the year ended December
31, 2008, are also available </B><U><B>http://materials.proxyvote.com/38526M</B></U><B>.</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

    <TD align="center" valign="top" colspan="3"><B>IF YOU HAVE NOT VOTED VIA THE INTERNET </B><B><U>OR</U> TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND
RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><IMG src="c83762c8376203.gif" alt="(GRAND CANYON UNIVERSITY LOGO)"></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 9pt; margin-top: 10pt"><DIV style="border-bottom: 3px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 9pt; margin-top: 6pt; margin-left: 2%"><B>Proxy &#151; Grand Canyon Education, Inc.</B>

</DIV>

<DIV align="Center" style="font-size: 9pt; margin-top: 6pt"><DIV style="border-bottom: 3px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>
<DIV align="left">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="98%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="98%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Notice of 2009 Annual Meeting of Stockholders</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Ethington Theatre <br>3300 W.
Camelback Road <br>Phoenix, Arizona 85017</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Proxy Solicited by Board of Directors for Annual Meeting &#151; Tuesday, May&nbsp;19, 2009</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV align="justify">Brian E. Mueller and Daniel E. Bachus, or any of them, each with the power of substitution, are hereby
authorized to represent and vote the shares of the undersigned, with all the powers which the
undersigned would possess if personally present, at the Annual Meeting of Stockholders of Grand
Canyon Education, Inc. to be held on Tuesday, May&nbsp;19, 2009 or at any postponement or adjournment
thereof.</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS DIRECTED OR, IF NO DIRECTION IS GIVEN,
WILL BE VOTED FOR ITEMS 1 AND 2.</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>In their discretion, the Proxies are authorized to vote upon such
other business as may properly come before the meeting.</B></TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(Items to be voted appear on reverse side.)</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 9pt">&nbsp;

<P align="center" style="font-size: 9pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>c83762c8376200.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c83762c8376200.gif
M1TE&.#EA'P)E`.8``"@G)MS;V1<6%M33T<3$PO7V]:VKJ;R[N;6UL964DJ6D
MHO+R\)V;FHR+B?S\_(2#@GU[>>[N['5S<>KJZ.#@WMG9UYJ9ED1"0FUK:F5C
M8:*AGTQ+2EQ;6CP[.E534OKZ^C0S,M'1SLG(QKFXMLK)R,'!OHB&A+*RKY*1
MCLS,ROCX]\[-S.+BWXJ(AZJII^;FY/#P[^CHYO3T\_CX]@T+#)>6E.3DXNSL
MZJ^NJX*`?[BVM*>FH\?&Q-?6U)".C._P[WIX=F)@7Y^>G&AF9')P;L_.S6]N
M;']^?&IH9W=V=-[?W$=&15!.3%I85\O*R$`^/5]>7/KZ^%=65#<V-;^^O"XM
M+%)03TI(1]_>W>?FY?GY^?/T\N/CX?;W]D%`/^KKZ>+DX!X<'>?GY3HX-Q$/
M$.OKZ=?8U<_0S/[__@\-#K"OK>_O[O?W]C(P+R(@(9B8E<O+R;>WLR(A(?[^
M_?S\^_/S\OO[^OW^_?W]_;^_NSHW-\?'Q5!/3ZBGI?[^_O___R'Y!```````
M+``````?`F4```?_@'^"@X2%AH>(@GZ$,EQ.!@P^#9,-/@P&*2]LBXF=GI^@
MH:*CI*6FIZBIJJNLK:ZOL+&RLZIS<WYS;%PI.T178U,=3!X92,9('%:_;7H;
M23@A-Q^XG+36U]C9VMO<W=[?X.!^=DHM'E->&3XX*S8P=(=S*C=*5`H/'B`=
M&0HPX?\``PH<2+"@P8.)_"S2LN?(E0Y#-%18HP(/G@`$*%008@*(A`-:5AA8
MH%"A@P(1>/AHT@&*"RX*YR"<2;.FS9LX<\9RP`)'ABM&=O30HH*"DP!S[)@(
MX@("E0!%&$Q!P8+#FY(A:AQ0H5"&B`12FCP(44"GV;-HTZI=>ZV``@]/_UJL
MD'$R#X$C(!@H-/`@2`4\"NTP"-.#2!62?B)(:*"EY+@8)Y!T@!#``=O+F#-K
MWDS3SX(33Y8HB&'+SQ8#>D9$@%`E@!\?.9HH5%1G20,(;8A,H^,#Z:`)*`*P
MT1("0Q4(6'!Q7LZ\N?/GI0[\$K+@3\Q;?_9(^`/C`8@5/HX@^2-SD(D,#4J$
M$>&G@(^R@[0PL5*!VIX@;82H@,Z_O___.MVB$!9!Z/%`!(`5,80)2@RB`A$P
M:2&!``@TX(%UBLPAQ!4^X`'!&'6\`$$U?_0@AQ.6_8$'&S)0<<$2(I`W&X`T
MUFCCC;,H5$`?2P11P@?DS0$#`55XP0`6\!"P@_\=?HA1!0)J`#!!>0KEX($%
M?W`Q!@,A`$&('Q!(00<G#J``$A</7*#!`MCAZ.:;<,99""=E-`#`@7A,$(",
M?J#`P1@;:""#'4#`Y``4"6#A3%F+E+'!`SBHB`,(%IA`2!D`'#";0DBTL,<7
M6DPJP1HSRFGJJ:@V=\L*2W3PPB`I"*"`"K>\,(0="'@!P!L/(*"0`AR4$<,%
M3!`P0`D9B(!!'"4A`8`&BGS@@Q7[6>=''3E$H`$1N*R1P1,$X%%>JN26:VY.
M?C@!`!(Q^(&'("R`X$829;B;PP!"3AH&!K@@$$8-,BQ`0`T:$#`!"P]84-T?
M%3"APR!87'``E7XDP,/_`D0,<0<N71PQ1:3GABSRR.%@)X0<.\B@B$)L!&'&
M!DM0X0<+*+`AB`H*2!"`%B6$\,68B)0T1P5E#!(""(T-PH4$>.P`0A-,VB&#
M'SBTP4!C))*L]=9<I])>'U-HH,4$!.2P`U=S#&%#`\&L"40/@]`10P%X+!"`
M$W$PT``01&"`@01'H*``%2%H,L@<+W"PQ[O6:5`"`0V@L`17[A6QP`$=U)!T
MUYQW[GDG+@!@@`,!^)!`#29,((@11@1Q@@9N0(`!$!0H`@,<"6#0`0````H%
M$D9@,(042X``0!56'&&`&+?,P<,5,>(Q`!`1$`''"1T4X"X2&+#@1QP`G*#%
M_^?DE[]U24X+P9T$6!B"@@_6PB$'!D[0<4,)4,CAQA5'&/P''0580`0&N(`"
MP(,<"L@`",)P`0-@X0,VD(`$DO"``F"``'XH`0@BX(<]0&$.:M#`',[PK#%E
MS7PH3.&;<-&#,/A@&@W`H"&HX(22W*`(=EB``D`@`-=AH0L,:PH'-O"$*1CQ
M"1O@@`04,(`/."`"3LB!'``P!`K<(0+WXT"'YI""*HB!#5"HP!\:((`3^,$`
M3]!!J53(QC;2J`<`:,#45."!.JQQ`3BP`#7^\`,3@&!++,"#&1@@!0"D@08T
M$(`;JM`!+SS!>&$@`R+=L($<4$$&=4``%,+`@15\8/\!.2"`("H```H\@`=_
M\$$'^N"$`_S!!57`UQK=2,M:;B8"3)`"J?R@!3[(DA`4N,(%]O"!`IS``U=(
M0`#$,`(DZ$$`8>A`$!ZP@Q*L8``!R&8/0L`#!-3`"!NH@@``8(4W%$X-4NA`
M#BH@@QL(P@9R>`,*5("##BA`"P/H``7JD(`->.^$M@RH0'7BGC8HP3%).,+4
M"%$"#PBAG3YP@Q%84``J-$$`-"`#`"2P`RIX]*,@I8(.<$#2'1QA"60XY!0:
M,`$9^*`-'5B<0GX@@"NL(0XHVP000)""%7F`6P,-JE!OX@<%R.&@&8J!&^0H
M$S^(Z`=_(,$2IC``!Y1@`XG_7,()*F"&$)PA!&`]@UC'2E:R#H"K2:@"#?X%
M@QA,Z`%U2$H'`A`'`1A`12600WUN$8,I[`!(0PVL8`72@PN@H%0*80``FE`!
M+:0@!ZX<@1R,((8Z0$``:?#"Q0JQ`R@0066B<``%$H#9#3A!"RX(PQ"R<`<>
M2$`.]_P#"Y:``@<(B(MM*,)@=\M;;7!B`T;@"B=P(1,2&$$/2VA!`.S0@#`8
MH`Y[``$-O'`$(2A``]C%+@8020,0O"&[X`UO>'>``B20(0P04$$%.G"!(GQ`
M`;)Q%P26("!>`N8(08#!+'O+W_ZB0B$G&`,)A$0`%YQ@`':X1=W,4($"K`$%
M(-A!_P2$T(8P&(&=!9"!AC?\@(R200X#V+"(1TQB!S-@#`+``!9"``4O5.`#
M([C%`9;@JUL4@`!"L$-5:K!?__KXQY^X00?>\$G#M`$`;=#`?HCK+A3(00=X
M:&X:/*`&'5CYRE?.@(<%P``L>_G+7\Z!&VC`A!A@H0D7>`$N\+`!"=A!O6IH
M0!"D\"H73`&T0,ZSGA$!X0]$(`E7XR4/QO"`C5&C`6U00P&`0(,Q'``,2HBT
MI"5-@2%X.`QYF+2F-[UI"KS`O$_PY`:F$`$ZH$``2?`(9-N%AVS5(0D02-&>
M9ZWG",CA!'_`@0^8G*4EF$%`5`B#$!P``3),80^?2,*E!_^@B@)`@`9+"``7
MID`$U%*A!UF@E74T%`87_"$``&@?K<?M7S^HH`%+")$)UE`(+NY@8T60`P-N
MX(/NNB`.^,ZWOO/M@2TS8-\`#SC`1X`!`73@!A1X%F!BPAT-/,$+&KCP'Y*0
M!');O+=^Z$$'?,6`)PCA!8S#10Q<<(<U7*$):X`="'A@!RU\X.4PC_G+&4V&
M\S91YCC/.<YO<%DDP(`!52B"'QQ@AS6,H`E5,`(6'"`$!C@@!&VPP<6G'MB*
M@<`B*,``"*1@@#58Q@\ZH$(!$@"`"A``!&1(`@_6SO:VM]V#6W:!V^>^]A'8
M_>YXO[L&]$"&!,A@`QXH0`PT8)S_'!RA`;A@`1)ZH((F6,`.5(^\0!V%@F]7
MIP!V>L(.;O""#!1@!&$801VF(``Y_@`&J$^]ZE%_>B-<N@BKCSWK?T#[VMN>
M]@M@01MHL`<LR$%0#]A`O;@0!">H8`"]F4,(O+`GR3O?C3NX0F4P8(431.`#
M63!!%4!P`34L0`I2L,.SFR"&!9C__.A'/PPP=ND0D/C]\']_'L*P`3O4H`T#
MH$`0M+>&Q13@`W;`!C^`!T_@;<]W@.:S"!X@`7Y0!@S``WU@`CG@`C#`!5;2
M!370`2L@`F'0!@EC`2`8@B(X@A:`534G`"C0!RJX@BS8@B[H@CNP`Y:F`70P
M!D#@!T>@_P#M$0/6P@8&8"DM@`3P@(!$V#ESL`#AXP?%-'0P,``[D%!](`):
M,`8*Q0<T("A=D(5:N(5<F(42\'I=&(9B&(9L4`95,`4O(`07D`(]L`$4^`=E
MP`,FP`0@P`2W(P6_5(1Z2#)^@#U(00VY$``,H"LW>```X`0$L%8:8`",V(B.
M^(B-:`5;Y@/B58F+"(F8:``NL`%D(`1EP`00@`<G<`0'P`!-``!/``0(D`0A
MT#)Z!%![&(NG0@=0<`2T<@MET$QRX'%%4P!7\`!B,`1D@`,R<'O&:(PPX'HU
M%P8KP`).H`$(H`0L,(W4.(U<$`''B(PW$"MR(`-O(`<%\`/Z\_\$.7`%-[`(
ME_`'*``%LMB.YC(!3Z*$+-`"59!T`\`F,C$`81`"ZG$%8K!^Z1>0,+`&:V`&
M6%`'1+!L(7`!9%!Z=?"0$!F1#[D`J+<`$BF1EF8``]`&.^`'&2!Z#C`$#!`B
M4X!K&G0'[IB2IU($81`#$?``XD0$#>(8?Y`#3X`'C"8!)+B3%N`#)N`!T+0#
M_7:"&F!>*44&.T!22KF4>70!50``&.`"3+F4"1`&34`!1[`!!5`!^J4!`)`$
M5E`%0<!!P70&*GF6<*(`>H`'-X```[`'#&`""5`"-C`!TM`&%B`&%^`&+#`!
M?OF7@#D!7W`#$?`%8B`%&=4#1W!I/4#_6D<9`W80F9(YF2%0!2EE!&LPF9I9
M!U(0!B5P`&X0`'A@!R4``$+0A"-P`LDA`Q0$BVCYFM`!/!@R"#<P,!+``4Y@
M!@(0`B?@!@#0`B80G,(YG`]P!$;``4-P!%60!FF0!$VP97)6<S5G`5.YE!&5
M4E:0E-6Y`QH0!#30`#`0!KX2,1TP`7X0`AY@!1@`!TSG`9`'F_#9'WXP!7?U
M);8P`P$0!#:@`:1V637@"73@!&.02&J0`8>D``FYC`-P:BDE`(A!"%C0B$Z6
M4DW@`HT8`6VB`@L`!@+0!+TT!*\$`$J0%$%P`7Y`!TG``B(``NX4GR[J''40
M!BD0'S<P``8@_P&ZD@,_D`1!X`#%0P!*$``5D$U$FDU#6FR2)`50<$@H8&G+
M>``Y(``->@9F8`;99`8]@*32N:4U1P-"4*0!0`$L<(8!@`)M((I'H!`!X`4)
MH!!',``V``#-]Z)TNA9XX`"`81TF(IHJ$01>4`5R``5"$'84L`2/)P<=0`5[
M4`)YEW<9T*5/<`6')`&2>()"8`0UEP9DH`%]8`!VYP*=10/,J:F9.JHT\`!X
MIZ@D(`5NH`8B(``3L`>[Y@=JT`$$,`=UX`$#0`<`L`*CX!@*81$+5Q+F8@O;
M9A'$RCG).B>SI!S,"F2WD`(6X`0,,`$(<`!5$`-X(`0@X`$[,`)#X/\:?W!\
M52`"-D`&&=`%*K"N[-JNZ_H`7=H$2'!(%I"@Y]684IH&+1D!:V!^`\0`;0`"
M(&"9*>4&4P`,4\`#[KJN+2``"5`!,FH#.1`"7-`$^54`%G`$JO,$(_"K[1$`
M):`&"J``.'``(H`%6^":<"(D`T`%.#"R)T`%1?`S*DLN[N)@!)FS!`D#[SD(
M'Z"S.@L?/G8+BCD`&_`&2=`'8Z!?*L`#1*``!"`!U>('!!`&/W``-&`%#,"3
M(<@`'M"E'2"I-"`%)MB0)@`%F4H&.3"<P?D`%)<$&1!):<`$%B`$*-``/(D$
MJ"8&`*`&>!`"$A`$4."K*H`%9\!L'+`#GC#_(W3P`GW``?(2!FX0!@(P3F,@
M%M42)[-!#@T0EF[PN90;!E5P!?3#.'PX=DR0NJJ;NAG`;(3``U:PNJJ+)>>S
M*9_08Y[``B9``0T`!3Y0`TM@,X+0!0QP!4A@6XN@!G*`!S5``WT`"BW0I5)@
M`I*$!,JVC!7P!OE*!EO0"0-@F6F07IX`!U7``77P!`P@`Q:``",P4CL0"4L`
M+4G0`HMK"S#0`):97"G``E^`$4`P!9)$`U(G)[;P`B9`N7S``/L[`4IP`A@`
M`(@D`0O%AW;0`T)0<,S970TP`NPV"'XP`2>0`QW`G.@J$5Q##<[:"2DL"G5P
M!@N@$15@(3VK$(II_P(V(`*"405_``%I(`04\,-`',1`G`1=>@4F@%E>X)W+
M2`4YD+9G4`%#6J1#2@$C```IE0$$L`)DE0)[(`)>+`(&4`5+8`=\T`!L\`"B
M"P)Z$*GII#XM4'$J/`=&2P8<21+&2AX.H`02<$BZ!0MT,#YG80=.@'8=D`)3
MXQAS@$]MD`8<8)Z(L"(SH80+0)@R,(37,!LD>H(8E#6+<`M%,`9ID`&T4K/\
M@0<H<0,%(&N),`=TP`5L,"Z)X``V(+R_:@NWL!2FJP@%4`(<P`1^P#9^4'!O
M(`)[4,S&?,Q=;)33-:%AX`4>Y@8*@*E'>0*-:G=4(`([8,5IT`1J$%('H/\&
M)Q#.(ML&8^`'M5@`!F`&$3`H@N`6KE0#0;#"A>``Y$L#5]#'B`!&-#`".A*7
M+?#/P&D"+6`!!M`#"R`NKKD(._```,4&'/'/"5`&;2((MS```@W0_QP`*_``
M&!W0+8`"0A`'Z@PDN/LEXQ`Z-,`'JI,((0``7I`<B+`'0^``LT2:%^T#0C?1
M[^23&&T"*-#1+>`#<",I'`W0#_`JUJ$"9]"D#_$$5B`!)W`#>4K1:G#3%8`&
MAU"F%_W/#T`"GN"8`&`#N'N$&$`&!D@'"7#1%L`5AW``6PV<-1`#._#6P(D#
M"/#6)N`#F?L'#H`#>&T&/`W4`&T".OAM@?W/P>G_`T)P`#8P#28]#BE@`E+P
M!!W@`4"@!@JA!0I`UR:0!RJ0`1D@V$!]!!V``QT=G"$P"%7=T4Y`"`]@!%EC
M"UT@`>S(-G@0!`(@=@N[L-0K25;`!5Z0!@*P>S4GIXXIW!2QV^NZ`MJ<!#<0
MD.EG`U[0!GXP!$D00&MD!RUP!']0`QP@SQX<`DNP5O63$'ZP`F'0![A0`"@0
M!):I2%"0`7_B!FV`!)N<$"HP!7+@#X;`WAQ@Q0(`!)NS,H#+!)0K`!L`!&:@
M+%[0D`+`!*`=!$U0/%N'`EBP<(OK!P<@72`P`"K[`1```!Y^"#A)!F>@TW]@
M!P>`!&/0D!N`H5F#,%``_P"52VTF,`3O30:6[;IXH`"24;E/@`%<(`BF!`)+
M(`$U\`9'8`7ZXP$E(+1S((,\)``9P(.&4`$YP`%N4+E>8`3WC0@,(*79JL)=
M4&Q4(`ATT`)!`.`:(+0>K`-&<`4'W@0F\`(,8!R5*P!Z8`0*X`):7KEA4(LS
M,%P.H``8T`:5>P%&,``Y(`5R4+EML`&2O@%>(`=D\`2"8`9'<%%2J@=!D`$>
M`*A/\`;,LRGRL`-ML`0/\`8Y@&(`H`7R8`$XGN<=8`0C4`"<&`93<`62;ND"
M@$0;<`7BE`8,0`2(7KD;8#V*T`=(@%)D4.L\4`T/0`36`0,B4`((0@$Y4`5Y
M,/]&4W#;`@`I<8``Y#[NY'[N<1`$8#L"E;JE89``ZGZ4!F#NZ%[N->`&*<4A
M*+#O_(X""3"R&F`!V_<'UBUX3&(M@H`#W.W=X"T("X`$&<7=">T';,`$"3#5
M6N`#DL0$*@!`(7!9-```*9#0/(!(S(((;B$'FJH`M(SP<+A=5X#4Y`&Q:U4&
M=D`''U`'%'``$F#%]C3*GE`'H(R4)4WDAWA"?J`$3T`#1&#)'OP_`P`"S(D!
M'?PEXZH`=%P"@O`!!F!(-,`>U:`0;S"W0B<((?`$`I`#XBH($7`">A#R?N<8
M=$``BRP`P<7)?\`&*&!L)+"LAQ#F:3`%+1HT'Q"]K1W_'T*04J)#T]6`'10`
M!300!-W+";!S7F?>SGL?\O`1]M:!`EGKNG^P`%J6!@UP`Z9_`S8`-CJ,(0L@
MJ6E@`0`(`[FBJ42P2]:B!O27VG]P!V;PM0>U"':`]6D``GN@$!/@!6&@`3TP
MF#?`!&MU`*8?JUJ&V1NNJ;XR7'R-`S2`?Y`G[=2N`CU_!1S@`A?P!$/=`&L)
M!0(0(Y^@\9+D!7\P`E*ZI0#``A:PO7CFP74@"-\+"&1I1UI_AH>(?S]+(']#
M204:$A8:.`@\)"8Y?S4<?G.)AQIA9`!8H:A_/#QTB#P"-$V)#[!+"ZE_=4DT
M:4@1N'42-&1A.W^@H08TFXE3_S1NR(>@/5*\"3+1J'@F-#13?GZXB"5EX8ES
M*`)D52RI<WX^ZF02>*DJ`E*M?WY:;]T8:Z+QTR,@@*$Y-MH(T/#)W"$Q2V@(
MR/%)V@->:5I$2=4CC)$%#G$Q$)!FS"]<<^S$*Y+(#X@T::J,`(=*`PT$B92,
M20-B0J(.PU;@0D*#!"(_%GB]":5!3B(?:<@HD"9FIP`+B.H`H'%`FA\G`'#N
M\V,F#`T/=N;,J=#A02(/-,*(0!1@C(5W0@1U4!%R#08!!$(:>F#$3P\F&B;X
MD+.AR!PM>'R`N#-$0)\>F#/W","B<^<6ZFA4P4*E"IG3IP$XH26(S(``L)4$
M<)(`"?^"'CH`"$(20C-FSIY3C.G@)\,1%0G"5`%0I0H($'(VU8`B#@K,)3+$
MM<Q&`I8L1"O:I)%3`54XMB3;#,"EY2(9&DLJU`L5APR*4$"AA?H4@B0``FKA
M$L$3414FV'[O5(3(.TVH(T`)J8`SDB`"[.'`?GB$`<4[AOC!0AAI`+"'.9\,
MD`8&YFBQRP41)'C4'%2\YP87#LTAQ#`API%*`&Y`4(!VAHQ4TDD1XI&``"PE
M<@5,:5Q1QX%_N$`#`8E\X05/7R0"P7L/0/G!<BH<I0%,2QT"C@@`Z&-(`E%-
MU:$?$/`R!"(I\%+>07/<P$&9X%1@%@?U^)'"$@>$!)=<66'_T,(Q`5R9A@@A
MK0"`!]@(U@(4>""0`QYS.,#!`!\4@(,,0@#@!Q!I/'#"JJR>$$<>5.0A:P,@
M1O5``DT,@UH8&F1P6E0[X(`#`QB`H%L5RNE!2AI6N-#JJB/(*JL&`&R`AP<-
M%(!`;R*4,((:!G#@PQ\F$*%@(G6XT0T$4$88J1RQ+*B"%1+IN-\?"E0!051"
MG(M(>P`L$94'"W`XC@!N(A*1?BV%X\-[08!DGA\BJ,,KD&.%(Y@?$P!061I#
M9)-(J4RD08,7<&SLAQQSAM3">T2$N<\"0(PV5@FDZ""RF7]P\-X0;""B@!Q7
MO-<!"P8?0@$`)GS0+B)"F@1D7DDB_^+!%%/`E$0=21N"0!HI5'DE"%F.4T4:
M'41`DYE.I#%N(F.F42:>,?BPT2$[M)D(`29?@(B4-(20"!XE4(&(GS0`>HP9
M*/R0S:%SF3F"`?O0@8/)&4P`3J</A-'#6(DDL($65.1`@`X&,-%``Q!,\<,)
M;GS@`PT::&'[[3<@`$0">VRA!057OF=!!!U%E5H%Z5"XQAD6;%#K$P,\H-NO
M$/A^N^VPW4X``$$4L(0%>'31]1\^8)4$13O_40),-%".<2I%P/O=F[D*$';#
M6F00!!RP!*%"^NWI0`JV0H8<%*!K%7.?PIZ1/G`$```A&H&[4!"5*O#@:1A#
MR@4.0*`PW/\`%SL`0>JBPH$7-*P*2!`,"UY2A:[L8WMO<,`GZ-"$F/Q/'&J0
M`QGD8`9$4,L`]*(!!F(@&!L```5XP&"02"(U[5`M%!Y8@AJJ(!$+K.T0(R!#
MU0QA)2PE0@;U"TQ(5-``-WP.;F1Z$1T*D,1#&.`T"3-$#][CMT/TH1MO*(29
M[/"!P_VI'G/X0!TX9;6X1*Y#*OB1(63001R`PS!/(,)\0J&`,<#`#%ZH0AM`
MT($E2"$#>K`!#\(0`S700`HX6)4:$@`$+X!(`')@@@\2X`Q!7$`'3O"9\<*`
M@B#\2@!-,`TO!"$%R(@@`R1ID@D@(($$:``%$F@.!&H@B3!`H`S_;7#D^!R0
M@ZE`@0'[0$4#<"2X]Z$B?O%"A`R80`,Y&&0[).C`#@8D&DBA(H!U,``$!<``
M&:[-"0(P7"(6EKYWJ``N9$B"..!2$@HH43L+\$(#ZG`1&N!@?(8P``@.4(&L
MD2$#?#&3'ZH@`<'@00."L,*%/H`!/;!!+7Y0@B"H@\$;7&$86!$%`$)@!CE$
M!0)!<\@$JE"#*XJ$B43"Q1/?L@0ZO($D`;7#%;.XQ3]TD6RA8,![4!22`'0`
M"GKT81I!AX-")>V-4N'9`7B!A''P`@`X"!--!(,XQ67,4(8\BE$/``L^3``4
M$KA``-+WAQ$`X`4V2$`%)K`%`AB@!A(X_T$=>M#"`*2!`Q-XP0F8``L<2:`%
M5.R&KFB0@0`H@5ZIX<$#?MD&7?V*##Z0*ALXR!,OP*(*33`+^Y@F@:OPR"BH
M6(,$C'*!$^#"",-LASE#@<[Y&6(/5`Q"6!-QA"7\M07#<,L]']"!.OSAJ6EX
M$*>0`=`\A(*@XJCH%<31VC1<(`;+147%0O`5MK8(%1KM2@AJU8+I_J$*0`C%
M'/#@A6%(\`!3Z(.9[D@#[6H'N6?QX4[_0`40A<$'YYI`&VKPOJ@E-15+M=H2
M_B"#<::A#0"*1@FT*#8O)J('+Q&`VA#QQD.*56X=8I"#W0A':>!!&')`0#14
MH`=>A($(7,#H'__J.DE40$X[!>"`1,8EAC!8$1<#"$,%[/`""_B@``VHPA6@
ML`0;O(`)#["#&]J0@S$D$S7KJ((`W#"&)EP`1V$`@AF"H*O_#.%750`*G&&"
M,$(J1H=S!D`;D/6>80H```>HV!<6`(,K^@$&0I"/B'"!`8PH-[Z':.Z_?,:.
M5-BA#1!0BPU@,88F'P*?<UC`17@2&/(*P+P#9:`X%-"--D3H#UM)@Q=B0-@,
M8F`*=OB#%EH+`!)`*;^&$((;PLL01``800;P:0=BP(3N'4(%%>4PD%#`BRHX
MA%KTM0-*PQL'-6E8W$#R\-18S-1]%*`)[UE"#QS2G:I>M6P'\4,!*MK_ATG:
M(0-CH,.!XI:#%3A\!0@(PXXSVN.#D$`W.=`"A\#A!"I&!0!&@$/0$L'DA>95
M.P&`!0#*8`0KT$C)$0B#4(KPA`#XH00$@`P<-+"&(UA!"S?M!I-.(X`PC&$(
M"7"!$)*`@6FW9@QG.XT;XA$5&FP@V$QZ=!@`4(1_.DL$`?@"!:CP!@DL`0`D
M>8(-W@`".IS`!`&80`$B$((62&$#6/@"`.Z$"N3"Y'X-4X`)!D_XP;N`)NCT
M0!G*,($!)"$,'B"!DG'FPC_<U#5&539WO>N'.N#;ZCVP-:X7R+!4K%4T[J(B
M&?0P6%"/I0QA2,`A'I:&!CQ[HX;X0`-($@8"_TC5$-?>#QLP$!4D0#H:"R`^
M#7(J#C_D+0VQTRE]]T&$VXY(+>_N,$FF\$%QX*$&`EA/O?=A`X&1@0DP.$2_
M6XS54*0`)AR`KR&*,`8,+SPJ<FA.<\QB@F2<A@&+EP5Q,`9N@`)J$Q)S4`17
MD$PT``!)T$-^E#BN]A8GIQU$\!Y2(`=4``KMX@`R06%`\`DJ$`4-D0`4X`)5
M\`)'(`@F$P9,0`1)``$)X&5#,`6DT`9O`"*ML8-AD"O&DP!)(`47T`9N(``=
M,`('T`<5D#3C8P=;8`,B<`0T``5VX`$HT@)3X`52``1!T`%2``$HL`!%T`;R
MAPKN00/&L!]^@`)0</\%NB$`<'@!*(!X/@4`'-`$5M`&9``!+(`';90('S`$
M5U`!6U"()@`+$.``78-/8U$!3S`,3:!(Y75>NH8+(]`->N`N$;$.>U!LS8<'
M."``)%"(6[`'9D$P^(5[AB`&1-`-%[`"R!!\J%`"TR,!,(`,?O`#?T8#LJ<=
M?J`&[R$'R68(Z'8(+V`=:?`$8H!]&Z9]ZR`&S?<!+1`&$"AB'8('DC(,/F((
MZX<(_X8**N`,;D`EAM``'3``&!4W2+`#[*@!1R``$_<':/4$3=`$5^`&8<$&
M4.('%)``1<,+`K`$)G0()8<+3]9\?C``.T$&5R`SXL`!_3<"#,&!`?(`(9#_
M<B)@6-`7!"Z@`!DPA`!`"L-4!1C@`M5G/'#V6N-1`0Y0!S%0`4Z@`R>0?@$G
M4@WS"7&2`#\0!G'P`010`0?@CTQP`#"`!S*`!WW0D+@0![Q``Q*P,^"`!P4P
M`2>@AVD@!1701_.G;370`$$$!5G0$"V!!0`@!T]PED]@E5/P5R'!B`=Q!M.6
M!A`0)I.8:Z6'"DF1!A[@#J<R#&$01T!R166`3!V`EAV@#@`@0:'@`JH(#C=P
M)6>!-/\58*F@"]V@`PK2><)``T>`,<!(`XT@?68R``)#`T/P`AQ#5.\C!(C)
M!<TG`TD@!Z<P?F.A`/N4`/70C8?PC0UC`>]Q!.&`_P<=8`3^Q!0PD5,:LP'Q
MB%894`,/0$4"X$C[Z`=X,`$,H`>"D#B*M&1_9'*(@I!X((5I`$Y`8@%,\`<I
MH`#^X@`>,``.``)'L`!,0`8)<`0@T&BB93*BU0U5D`0$E)*_0@,FH":NAP@W
M0(`B<`"RB2[.M#DJ<`3L@@L+4"M><`OB``/*EW&(@$X<L`]U(&AO()9B0@90
M$`0F&@09``(240*+N'F),#3A945U27K%Y@>=1@;Q^"8'@!H2L%P!8@@$X((G
M:J(;,`P*%0I"T$*)$`#B008<``JRV!+?UPU[D`@JP0N>@$%^8!.F*6'E-!;%
MDP9`H`)#!6_:T0>DX`9\9_\>8B`%;>`3M-DA1Q(55(`'NLE%8P-P9C('`>!3
M7F`#?U`6E6><.(8(#2`$_D<&?1`.`Z!RW:<=,.`S9(`D!-F=!EF!VF$!,*$!
M&`,6;,`%#7"+A[`&3+<&?]```,`&#9`&6S<&5D`$&-`$&^`%;3`&2\`$N'H%
MD80`'$`2`$H&'O!2!=H25"``&4`!$L`!6BD--X`"U%0`7+`!Y(@+'!`589`"
MF8<("]"*-!!;&RH_-P,B4P"+H?`!P\$&*I"NZ;H#@A`R;?D`(#!CKT9U`?4*
MHW<(Z)4*$=`!(;*!$V,#9W-BRXH+X"`&>Z!'?O".9:"NZ3H!9E$%`QLD2HH(
M>&#_BK:B`E%Z%%-*`U6Z()>X#FG1?#DP#`KT!\688W.@!A9F`MF',0?PACP@
M#G,0`E7`!PYY"$PP8@L"`R-[8B5PIU:5I^:A!5`@$?U$!!X0EJD0-W.S2-O)
M8U+1$)OY`-GABS?@@QK`(069"@=9GIN*,2]0!2G@`"4@`2/0`RE@`&XZ`."0
M9520`LNQ!S]P(8;@A!.P!BI`!WK[`87H``5@`$WZ6AQ``<,:"E5(`R=0!%4@
M4'I5`$G`!'C``VWPM*CPLC"!!+^7"MO:#2A`H*+V"6R`7&30!!'[!W`PGD85
M`!T$IZ_V`&\J&#T'$U/@`V%PKX:0K^?@!P@`"TB@C[C@_P`M`!-DH`83F+LY
MT`1<XP=<X`7GJ5<U1`9Y4"-^P``3NZ=OX%,+D;%'40-4VA)KX%-D4`(85`#5
M4`6$NP\V(G,MH04U\!Y_J9H84Q<P80(B&@I]0`:V%PI/H+,BM0`>\!Y7H`"4
MZHU"FPHK1@-,`+`*4+S$.%8BY0=L8*'RV&/A$``@X@9J$`TQ(!9'$26",(?G
M8:E<BZGBH*EIP*E`H@4>8`$.H`4C@`$;\`1CD`&LH!;K)`$OD`1D8%S+Y0>>
MHBM1@0$5\%#F5`3K``,H4`4CMQTLX`)_T#S9B@AL@"KAY01/L[DTT+G?&B^;
M@P7P0@8XX&HF$`9L&Q)=4%$9C/\(77`$K]L2$[`D,7%KE'B79K(`$5$%XHM!
M$?`2PJ8Y,MLQ$,`I6RH'][$@Z6N:)!AP%@``.G`.<R`#*Q@B>4:PW$L#,6O(
M.?`>'%"UJ<`#5`0$6OD)\6`O>UH`OA0B`F"FXL`&/E@%R8L*78!,6+`S'3`&
MJ6`&@@8"`[R;!7Q/5!0&TH::N,"TYF$`B&H(+J`WAK`-[\$$+&`.<+"6J$``
MZK"H(2R!WFEC)?RU0&(C3:`YCSP`*=`#^O@):G$"<L`#9X`V-QN8>,!GIQ$&
M-?#*H$/$:F@$:2`$+W`%(3@Q>$`'!]<E6HH%N0(?9?Q(VLJM+;"L?D`"9M$$
MCP0.AQC_$P?]!PXP!4YR($[`"QEP`PJRK0"`-"$!#C#&/K;[!X_H!DF$T.%P
M`U(H`&J@!5%L)E,4Q`7@+V]2!Y6!``WA`2#PI7C"`@5F"ASR#HMQ>%>D%EDP
M!$T)`452R3.A5UR@!^%ES23R2`[@*VV05'.0`X#1$H;P`A[`/JI<PME9`R^%
MT,<PO6Y`'?NQ:*F`!W!0*[ML"!.0IS.MPZR:`>%D'G%35-G@!Q_0`2C,"7KS
M2#'`KV0P!%+E!W4!RBTQ`D5'7WWR1T]#+]^)D"9<V#+[`P!PR2B!!R!`#WQF
M``P<U_!<"I_V)FL]T^Y@!@*@!XIQCDIV$"'`!`"",650I/#1_XEJ;0@+`&$Y
M(#/O0,TT<`%7%`$^^`1K4!$ET*VF]LOBRX%E``5JBE%^,-<F`R&)T%H"4#!J
M`0IKD0$A8@"UO:=^H$_=``0:MQUVL"4=,,1SP`4"P`'#V!+"0`;'?`COR``P
MU1(W4&0TX-1#B\;9"@?P(A<*]R9S0`<*L`X'(#)&0`8<'`HAP*\T4-:XP`6H
M%7M=(*(?@`-A\`1G!(AR$`:9BZ335M=_$`!4388X?0C;,ZG3:AX)L"[G0IV2
M736KFN$B6@*^*@0*=P-!$`:*B;Y^,+(<<--JT1$T8`4?4&P%]M7:\0[8E096
MI$2@P`3]1["@8`%30`4#(`=C`-3W8O\F[]QGJVT(7,`#-R"5E-O!1[$&&Y`&
M.``#5;`IY^T'+<`!XJ-$X%`&.4`*$N<$,*`/>``#"&8R$I`=?D`':V`",$&-
M;#!)<#`&W3`$+/`!%7!G+M`%KB:53)TX%"!5!3`"IJ&3*?XF%F`6N$:=!;`"
MR90#/<`%+#``""`!`,`]`4`'Y\W@'T`"V,F0!O`",H,'$5`"NW@$!6`'7)`K
M&#!((\T&>3$>`Z"/'_`"5R(%+R#38$VS`ZX-,Z"`)H-DWNX5.@`O`-``6!`H
M'\`"1S#B5+#@^_`!/5!D1/`"(;L@=.`$9J'AYH$'E$5H`<P#*\`#+F`%`A#F
M@C$'*C`",*'_!FM`H*^V>[LLE:U.##I0Z:@P!VP@94_P8=+P`38@92'"`UC`
M!2H?`@S0!@!`(UH0`W<VA6*0N>$)"V%@VG8P3AALJGXP`[;9!J[YZ#*@53%Q
M`#=$L3+0'S"1`V6P[P*F!2P`%S1P!5F@`J<=3F^@>#7Z!\IM!:J:!D9`SPV#
MBVF>&L]L"%HP`4D9!AN0`T.0`?,>#>_P`3%``0-``'&P`S6`!&0@!6R0`QU0
MXK_[!``O#B5@!`H!`%:``4F0!"V'=E7@`2<P`WZP`#D@!6@'AT^`!#,1G`/@
M/`*P`4CP!'`(`AF@`_?]!SL0!)L?!A<``0@0!+H\9U]H!B+C!RI@_P+0:P@%
MX`(I"H=%-P47<`&U;`4HD`(R8\]C$0,,8/H"X`5!(`&0?W7$\-DQ\`!+`(=V
MV`(W?0A[D`&'"8=C8`0(@`3;#X=+,`3:?!!\%:%'T0<9`/U%=P6>7\_AD`(8
M<.)C``A$#P\8%VT07'Y_BWX#1$\"`F%+1F>+EY=]835^BIB?C(H]0V%D-&1A
M`&X"<D-8>*!40VV1`%)`?YZ7?A%``D67-4$`D0)500J@N7X:9#ZZNWYG&$MA
MQ0`=7MI5UAXJ*Q(;Q6%725G+"RBT;@\!!%624CD/&<=%G2HH4'+%($,(G2Z9
M"**GF!PF1E8$C'8`R05KD:X,V:'L4X`-!O_F0`/E1XV<$3`ZN&'@9XZRDI[\
MX.%PB@P`%GA>4&G@@5B:,$9``&B#0\LEC7VLC*DB!R(9`7M2R-GQH2*F$&V`
M.:V(!\8`!A(\+'ER@<F0'"X&3-`R9XX,#35JO%FKU@D>126YG'A`),D;M342
MD*"#B4H"M7=K".'Q%Z]@%B9!O?"A9)&*/&G7WDV@P0`5,Q,^;)S*\0,6%Q`X
M;/#288D4(RT0#%`184?DM'UFI.SQ5W(-!B(*!TY@1MD<.@QT)-[E-_)N)YV@
M^8%1HD4&)AN:8$@0HL`G/THLO$X;H&*!&@0T<L;D9TV<'!PNE.9PA,":BBN,
MIR4Y?)>8'#88G=#_G3;!@8IS4/``%R?-$4!:@`6&(((E&,B`?+=%L,P<!0Q@
M`1!$B*#%54AX$!T1)XB!1UE1J`%A`GN(U\D.M;&55@7B[3)'"@BZ6,-_G.$!
M@14+`;A`#B`$<``W>[RE"!YU8%'"#IFM00$<0K21!AEDR,$`!VV4DL8#0D!P
M!14!G'&$`!"$T$,/`0@1!@TTI#$E&6D(X`,,7DC!1GW7^:$"%$=8-UZ>B^"Q
MP`TV3`"#9C*B5%%`"ZDT(GG7X>E4CY.FI)Q&R?VYZ$(%1!"##3?(P-<B98%2
MEJ6`1KIIIN1M!I>DB?GQ`0P1U&%'+I)2RIF*FU7Z!QX%E`%J`9U(^M,N_Z3V
M^L=P)3'RD[(!&8NKIHPJ1^E"(WIBQP*U&IE<C!R]FDN>F.8)C;05D5!%=^/!
M,(45=FA@3`A^E'$`$!L00\,3&7BA[YM4IM%FP`*T8<41&J30101#1!)&&'+`
M2>7$`B?!Q@-5(*8LKB&$4<'&FH8L\L@DEVSRR2BGK/+*++?L\LLPQRPS(P4<
MT00;?Q8AAP\3U)`&`%ZX`:>;4Q+MYL1N$#UQP$J3P8<+")B0M-$`4\D!&PC(
M00`L(/O1A!'HSBSVV&27;?;9:*>M]MHJFP&`",MN[(<=.P`@!`R^#.RP&Q%7
MG083.`0AP-)4!WR4&Z5,O%,5`$@,!04$M/$,7/^;P@%`"&QGKOGFG'?N^>>@
MFXS'$!P86>D'$DQQ0@1)3+E$`S4HH(8!`/A=A0L5-'!$#D=(T`0\QDAA"IO$
MLYF&"0.<(2\-351`P110U`$N1W-$@`01/H6N_?;<=^_]]]_[T8,<5,`RG@Q)
MA'%``1(\_(8&1ES0]]$$RU%%!TQD`,$)+!!`P`MB,$(3D``$"!@0`D`8`@;*
M@(,JD($#,$C!$SA0AK@YQ20*J`(,P,?!#GKP@R`,X7C\X(`<;(`%FBI#^ES`
MAC>$P4W%(T,;H#"$Q@6,3608`P12,*IE.$4%1'CA$18@@B=807I_8@$34"#"
M)CKQB5",8MD448`IY,#_`2/TPPR.$`:>.:$#;G)#!A00!Q\PX84XM`4*>@`#
M.X3M$G8P0`=H,`4-%$`-`$C"#<"EJTMD(`@+F)X4!TG(0AJRD#NX`$!ZA1),
M%>`-5<#``"J0OC!(@0@=$,`IPN`/!CBA#LE9"`L2@(12$@$(#T"!!1(01`$,
M0003>$`;4!"!DJSA``>HI;7P<(`V4&%<APRF,(=)S.W9(0ECD`$C_:`%*DP`
M)6J8PA0(0(<3;,`4;HJD`6(``PIX\PO78<!1Y+"3)XQA>#08@Q#L$()A&*`D
M<V"#!EJ0OSKDR09M>(,*BLG/?OKSGS,+D%=P!A=%T*$,"!A"$\2`$C]0``.N
M_[0!#$8`"1I4(0E>F((-48$!%Z2`"UOP0QT"$($;!*`$)FB<`#KPACI,X`@`
M\$`9WF(2%KC`#S)`S3Y#P08K,,$.(`.H4(=*U*&6I0*;:!8>\!"`!F2@G2[`
MPP=B@!(MJ*$-`&A`!&1`@""LR7@4.X4``'`!"(R@.5C2I``X<(`;%"`!;="#
M`63`"`IP(0(>$$$,^M`\4E$(!57`0JF*2MC"&K:8Q3J!'!"@&2TDH$PC0,$3
M%B"K*]3@F2J90`,Z`(`CP*$.%=@!$C*)SN*!%15/P(`0`B`#$AP!!!WP00SH
MD!(U2`$/(N``$@(`!,PM"P\U```)3'?8XAKWN"),#O\;&C"&`Y3E!46@PP<P
M\(`_V&$$%Z!"#0(`SP^D(`=3T(,17&`&,0S@!"A(0A.NH!X]Z*$TITF`#LSP
M@L\8X0E+>,``@"H>C1#@"@SX0`5>@(<6?*P3!K@`"D*)W`8[^,':0\D0+A`"
M3-DA!A<8P!\JL`&XY25:BK!!#1X"``QX4@Q-^<,'9!"!""P`%GBX00B$@`$0
MR,$#JUN&2$5@!MJ>]P)OP,&O%``#10P``"9P8U`AS.0F.QEF)BE`$JI`@4Y\
MAPEL4$$2F(``+'!@P10XP!IHJB>;2B%+8:C"!C*0!!2DQ0<2D,(4$`>"#!A@
M#2G&51U<P(`G/,`!(4``!,+_$("EJD`1/)`#"H@ER"<[^M&03MD:CM`&,Y1$
M!01000V&$($-0$`#-_##`BY@A!*`<CA5Z0$5%&`"(@3!ITR``A%,H($2F.'%
MU".`&OX@AB>(H`1+.($/EO"%4ZU`#B;(<Z27S>QF_\D/;(!`%:B@&3R8X0(C
M^(,5>*@1'GC!#"UH@`&<X"=%:`0/=M`"&V0@@P*P00MV<$"Q-A*`!WQ@`!B`
M`PO"'8`B'4`'=)A#O*I0`T8[^^`(1W@G%O"`#@B!LG@@`07^``4X=((.$Y'!
M!&ZP`@2`10;QK`-MOU4L'\ZM41\XP1/,X%@.M(``.2#H#=XB`Q]<H`%*?F/"
M=\[S_^,FQP=MD``H`X("*G1B`$^XP278(,<6U,$)?;"``28P!Q7(^^(QB,`^
M/T#ME"R`!QHXPJ]N$$$&]/`/"SC"[61U`RTLN>=PCSM1Y^```EQ@#%OK!`5,
ML`4S0.$$BE!!$?B`!!L40`,-6$,=%,`$&.0ANR6Q`X;>,X$V$""4F5VY1K1@
M@OP$Y`QZV``%M)`"$[`Z[V^7N^I7'\RRW*!A#%`F'LH0@QRTX59BD,`22.#V
M%6Q`R2H8A!^$4H*2E$`!)3F!!(R@@AB5Q`!]^L,:%-().RA`#@V@++A1L`,-
M).`>J6>]^,?OQ.1<MPU,,'HG\("%"B1@"A8(J2)P(`4='__@"A]H0!^"38<4
M``0//O`"0]``S3(N?K`$;Q`!F*(%/*`>!!`W.G`E'[`%)(!\X4=^&)B!X:,+
M12`!7@`!*^!V<Y,";V``!&`&/?`"!^`%5S<'@>,`)J`$3N`!&N`$`%$`1(`#
M*,`'+V`I$W`"6`!4'P`'$%!6/5!0)9``0Q`F"*`&?:2!4!B%'T0A%%4%*,`"
MH10#)=``'$`!+&`%V29J2?`?+9`?(>`%#P!X+Y``4I4`&0!..A80BU$%?+!(
MR<(%)K`#)Z`!/I`(%RB%@!B(F=,L=#`"&B4!%:`9E+,(6'`%*$``#2`$BP`!
M6+`(6A!;?Y"$;.`'(M``2L`J=9#_`D`0!A<@`GP1(R8A:@G@`T)`58+XBK#X
M/3>@!E<0!DW``_LT6']@%0/&%P/`!!9`5W^0`B?P!P10!,1B)-ER>/[B`9]4
M*0+WA+$XC=3(-LFQ`@\``OY@`%7&")B">98"CLP$!PD@!0"P`0R`!:QR$@Q6
MC>[XCIJC`CW0!T;`!/G3``@0`BP``RK@+;JP@#"`!7!P`D<@&E(``51@`US3
M->T(CP[YD%/4"2R@!A#`!%50!4LP!$>0``IP`@?``W``!TXP`@;```_@$%4`
M`E#@`WM09-((D3`9DVK#*)<0`P2``D;``5:P`4O0DSVY`5;``1+``"'P`Y#R
*DC*9E#(9`0@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c83762c8376201.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c83762c8376201.gif
M1TE&.#EAHP`R`.8``,S+R;V\NIR;FH2$@J6DH;6SLJRKJ963D3T[.O+R\04%
M!?7U]7U\>N[M[(R+B4U+2BPJ*OS\_&UK:5U;6D5$0C4S,G9T<N;EY%544LG)
MQ^7DXOKZ^MW=V_CX^"4C(QP;&]'1SM;5T]G8U<+!P103$^'@WL'`ONKJZ,7$
MP<;%Q+*QKNSLZ];6U(J)AJJHI]/2T)B6E:*AG[BVM&9D8MO:V9*0CKNZM_[^
M_J^NK.?FY6IH9_'P[^GHYH>&A:>FI.+BX)^>G.#>W)J9E]C7U5I95W!N;#@V
M-=_>W4=&18^-C&)@7X*!@'EX=T)`/]W;V<3#P3DX-WAV=/3T\UA65;^^O6AF
M94].37-Q;U)03TI)1_/S\F!>73\^/B\N+>3CX2@F)3(P+\_/S>_P[>?GY>/D
MX=_@W2DH)Q<6%A\>'2(@(!D8&!@7%_KZ^?CX]_#O[O[^_?S\^PX-#1$0$8B'
MB/;W]OO[^OW]_?GY^=33TF=H9MS<V2$?(,?'Q^OKZO?W]O___R'Y!```````
M+`````"C`#(```?_@'^"@X2%AH>$'5)]/#PY.4,9*2*/.3PK"XB:FYR=GI^@
MH:*A=5X9(U0M10A@8!4("%E97+`58%P6(S1UH[V^O\#!G'`B,0-,621Q7T1+
M2ST]!RX%(2PR+@9"<TQF<E`P"<+BX^3"=EX`-E%=<7%J7U`2`;Y2#B08)>7Z
M^_R$.P=$D'B(4X&!#Q=/./`*=@<'B0-T^DF<&,H.``$2H*P!,R&*#0T\=K#9
M5P<"F!\44ZH<=,,-@"5$P'S`,H!`ACLI?Z"QL&.E3XEC8G0A@6`"@(4K<Q3Y
M$.:G+S\-[#@UM"2-`@<L,@$;(T:4B`EQ5'28.DK%EQID!RWPD<?(@Q#"_Y2<
M`95@RYD'?-*.PA$'PPJ]@K302'$B[@=/1_AP@2``)6!0=GPH^)+B<;DI$#B%
M.<!%SI4`(RT/H@)#`Z($/13$(8!4-#`,%0XUH%&@"1H/2>"Z)J0DS@A$((Q4
M,'+%].[7L0?](%`$BAH*#G@<+W0#0QH`B%2`48'A@XSIOL18J?`"P``$$-(@
M(`#@+WA"%RA(&(.("`8[.A2X>'^(C(T63$A0114Z%&@!$U_($0<8<\"0`7^(
M+"''?H@@4-D!)+3`WQTEC`"$!`]8000"%7Q!`AIQR($&&$;(L4879F2A@PL9
MN/$&A(-$(`$$)LQFR`!8"&*#!Q.`5P<>#%#01?\5`_2@0Q1$8,%%$U7,(8`-
M0^#0A05#Q)"$!$,I@8,6XX`0`Q\;Z'.$?&,P@,"#@Y1Q!A""Z&%$%^"!H8`"
M:'3QP0=?0(#$`&&<H`4;-PSB@QD##`+'#B8T(4<%84AU0Z*^%+'&#&Z4<P-?
M#LBE0`^$/"!'#H*,@<!<T[G0P@$^X%!`"CSXL0D!C!Z"0Q,D3#'%`U-L$85Q
MHF20`*;CK,"$&E"0((`"7`SR1!PUC/4''10H`-X;';36":XQ\)`"#C`PT80'
M'D!@1!PD<#%%0.E1T`,+H9$%P&T>]+"#`@@(TH>41R#[@`)2X<A)'0U$<084
M6<!(`1,P`.$#%2)(L`;_`X6148``5ZAK@*U3-9":`DJ4<`>_?]@!Q`<!M-9;
M808CTD<!#D"P)P7?:7)%'#`8DNT+R/H4!AH*@/'$'QF@'$862I!)"`-GP"F.
M&SBE-(8$%<AAQ:XD%,`)`%`880@1<0`]%1`*?$"`(!'P*X8%9GA=2'`JC*,!
M$5S@T$\;5#`!A0=YJ-#&'QHT`<%OG,R@[2`Y,/"%$%K]5`<))#!`"+\P>!##
M(3M0(+8P6CSP01$DO*#/!500D04&-9C@!J8`0/!6)TFH`<(@#0000#A361"'
M%8[]P8$"$$!1!<R&6+'&*!'XL`45"Z%@1@L`Q"$$.7`48`4)%H3AAK<XG,$`
M_^^;1!%'&2Q=2M8/9WB``B%L[%E!9?7%X1XH81AA!A0-"&(/%0)``WV$40<0
M3.`#2)!!F@[QK`%$#A$1V$(<7-."..B@)X2H`!H($+1"H(T%HG!`'%KP`>G\
M00(DD$$6+"<,-Q`@#4TPP.`T<0`%M*!JFC#`%XIDF05`8`W(8XG3-,$"!12A
M$R)`GR#FH(`*4*!3?]!!\;K``P9\YPXQ0`$<"(&P3;`!!4CX0A*"B(@D**`&
M6T3$#<#V!1M\P@T"@$$^!-$"(P!@!R+`X!^",`H!Q.$`.`Q%_-"`$S;0H6!:
M$$$XVH`%#^CM#TQ40`&VZ(8I*$`.!S!#'-`@@"2L`?\"&O"#$VK`"BALP@5F
M:((;.Q&!%BB@9YJ@01.,8`)"/($)B%N`#03`BQ%884]@N,`?2N`!!9C!"G(X
MHB"@$(50O``#<1C"+U(D3>?EXPX&($$2_H`"F_$P-4@P3A`H$`<?I$`!'D`@
M$MJ!!`R<00%=J,']##$",$R!!I]XPPAB(,Q#M,$$6("`#`?A!"S$80!2D8$9
M'M>""NPI;2X`@A6Z``4%D``"9YC#"/C0(JEUX@!G:`*Q1F%0`E`!"F>XW1%^
M>84=P`!%--`##(R@`"0XX04^F(**!%##/:$!"36(0A:PL(01A$`*FO@!!+(P
M1W$XH`M=,$`A9"`'DH4!!GK_BL.>$-"$AZHA#F9X0@:Z,```9$$U59V"'CFQ
M@ORHP%NA((`")$`$!:C!=%?8DQ$D\`'5#(`+"OB;`K8`@3@889U[@@"!8C!/
M3V0!#2RX$3#LH`$!`.H`:_U##>(`A2:HH7T,*%0.QK"`-LB@!`.8``YVD*@$
M2*4#-#B`"L90KTX8``Q?P`,P\+#5@55@DPPP01:@,#$D/,`!0Y#"&)20A1AP
M0`I^.($EAC@*+AB@MKUP0A&*=X!=%$()KUS`D0+`VI6TH00#_(4&JLH`&B!!
M#5AX`G95PH6\]*(!,D@"`CPPA0-<H&"":(`*N."!`\`U9H3(#QHJDP,.-$"R
M3D&"_P7^RXDWU$$+*_!"`!@P`0A\0`<$(%_*M$"%&:3!"#E#L"%:(H2TG8%"
M@'G"`YH@@`SP@`X1L(..V^"%$>``"`-`@KJLH`,8]',08RA``("`A#5@``<B
M5O$@W@"V.27-`J+10@$>L(<N((`+8*8%!$CP@0G`(`#M.?`?LJE5!(`@(E(V
MA!UL\`$TT&D(%IP.'?1@`Q?XF0R!](0*#L"!.",B!$WXP@"\((@@>(`(_3.T
MI'UQATA$8!`KP(S<)LWI8!C@#+#LM*A[48`X,.#2HTXU*)Z0A@F00=6P[H03
M*(`!/L;ZUH<(PNILC>M>"X(&%"`"HWWM:ZHR0,W$'K4-$`L`XV3?^@[?\TD@
#```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>c83762c8376202.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c83762c8376202.gif
M1TE&.#EAM@`@`.8``,W,RK6TLA@7&,3$PKR\N?W]_/+R\%Q;6IR;F:2DHJRL
MJ6QK:924DD1#0GQ[>H2#@2LJ*C4S,^KJZ.'AWG5S<E134TQ+2SP[.N;FY(R+
MBF1B8>[N[/KZ^N3DX][=W"0C(\K*Q]#1SNCHY\#`OKFXMM74TH&`?]K:V/#Q
M[]W<VM+1T**AG[&PKMC8UN+BX`<&!Z^OK/3T\_;V]?CX]XJ)AJJIIY*1C_3U
M]'%P;];6U/;V]/KZ^5=657]^?)F8E_GY^'IX=U!.39^>FV]N;?/T\C\^/5I8
M5U]>7=C7U9>6E>WLZZ>GI7=V=/O[^F%@7[^_O&=F9C@V-O?X]]33TOGZ^??W
M]N_P[NOLZFIH9T=&1>;HY>/CX2\M+=S:VL_/S"<F)H>&A3$P,"`?(!X='5E7
M6$I(2/S\^^/DX1`/#_7V]-_?WL?'Q%%/3U)14.CGYO7U](^.C&]O;$)`0//S
M\J"@G=?8UM/4TN_O[BDH*-#0T.OKZCDX."DG*/____[^_?[^_B'Y!```````
M+`````"V`"````?_@'^"?WV#AH*%A(B#B8V+AXZ'C)*4E92%31)377.3BI^?
MD8F7EJ6FIZ>CAWY]?I2LB'ZLKK"$LHVN@K>QKZVHN:6P"4%?$113?[6ML\FX
ML\_)LM'+T=6RM-C5UMG)NKG`WKK3UZNM!7,I.2IY'<JWM,ZX@[NVO>"6][TA
M8V,')E]<UKAC-G`9-7+OLDE#J/!;0W':[DGKEE!BH1%1^.WY<@1#/'BQW,T3
M*8G9J7PE"RS(,L1"@!%RQ@Q@]*Y92(,+<QYL^'!BSHCANAGR.6[B(`E,Y'#Q
M,:".%3L'\*Q91#`>+V_R2OHZ>9*#!1P/#HCI<,,!F@&%<-JL5P@:PYW;_Q0&
M_4D4Z-!O1<'IL3`F"(P=@\RH.<#&0X(5&*K>O#J-\="MIE"NFL"%!)8H%B3T
M48$F2`%;BFTA09!X)S:X.;.9(;'$YT.A=4>*JSAHRQ`!=%!0<F&DP9@(.-3X
M*LB8'N3'DE>=3"#'`P4(072_<8)&!.CAC0KP50`ZVFFZV+)9<5(&&'B(L>?F
MU84%C4>4?:"\X!'#1(,`9M8:+$ZR7/*A)\$1@1HDO,!'+EV,\4`5:BGSQP%+
M!)&$&:D5M8UWU>Q`@P!:R/83;'C=-=LSN>R0Q0'U2-+'$2_8T`<'#D!1@G[&
MF=<?<K^DX@03,K3PP@6,!`%!%PWB`D,#`Y`!0O^%"5W(T!]5`/$!`1YRXQ!$
MLE%$HB!/A"%$BJL4R$`K?5!P`0FAU#A25O[E:,H->&10@`=HR#&*`B^P4&0L
M&`@```@12!">A>!EPP$#8E3P1C@?7BE4EM]-E,0'W!TW3X$4+","#A%XM!B8
M:FKUWSRG%.!``UNH\`(:5NAR`AH)[$?C!F((@<$!+`S:9*'55.%#&Q5LP:B5
MZHFHY3*Y.,"%"B9!8E8&!N41AA=6@7KC/)96,FHR:P@P@`-BO#!3,G-`X(!!
M$K#0!"YF4+"`!`!$80"RA/)431\$[%&&GDZ&F!Y0M/W!PP4H-&L(%3ADD=DN
M(T!PPJ>0A=HF5X>@P`3_=[H(D<41/`3P0@"Z#"#`$\N8D<4'-S@#0F5].+$"
MAKO:NY`(14#`AP']HA<BI.O]D0$>!!@\B!<"K-"`B[5\@07$-K*)(\6&%)#`
M!VOH@8(2#Z"1@0$CH('F'T1$<,`=RZ"P@$#.7#$&#7W4P,`;;YWWI!]I&/&!
M`!CD#"*6Z@6\P`4B"+W9!0Q408819+J21`-,K_G'#Q-(8(^;AS11`QH"?/`!
M'B\0T(<7:-A0@!\$O`#&NN30R`H34?01`QL`Q-T373,4L8"W>CLJ$5X!]Q!!
M#D*3<`$45?S1@P!*,)-$!)_)&C$K$PC1PQ*30WV(#`@L`0,+($``1Q\&?$!!
M_Q4B!"%&"07("DL!3=Q"``34#^&#[/TV=,#M*\SM[\Y];_F'#7AX0K-V\(0R
M-,`#%Q$``I@Q@@]TX#K\<=T9))`?45&N%'/@`@+Z(($Q@&$.-.!"`)HGBSET
M8`>L,,,2'*``#,C`!;8K@!,>L`W4Z`H;)CC`&'KP@_/L[5']HY?/!/`E7]QA
M#2:(`ATH5`@E."$,2O"%"[Y0`PA:RVG8VA80M66`+YB@#VK#@1`$$`!G!``'
M`.@#%4)0A"((0`!'&$$0+$"$+#SA!![X3,SB8HT_.,`"8<`"SOQ@A@TTP2[_
M(DK`6``!'PAB!BI@`P0$0(!%K0\`XO*%'B*`)N<US?\Q6;R@MDQDA`)8P8,-
M6$`?G%$%)CR@#R$P00X,H((#"``">Q@#"/:`@#U`P`3M8$43#,`!:11@`P9@
M2`%^\(>&,8$+*4@&$L@@!!3NCV\`\]\?C-"Z`62!"P=P0?%TD8@"X&$(?9@#
M"RB`AB.`P)..`]/3(L,5!UR@`R(8@QB:DR96V``"!,C`!5Q0`#J\``$F<$`8
M>%"!"!R!!5^(PQQ8`8`+O,P5,6!"&5)`H6XDP`@A6(,<-C05/\2`!A"`05T2
MR3MM9N`%$I@`$!!@G<<@(@-C(((/^/"!"$1!#D&KA0AV4``9J(&)H"2G%K?%
MBA/L2P1?N,`'@""">)C%"$'_6,`<WL"#!33A!Q83P!`BL*2="H$5!!@#.EWQ
M@PR((0H3H(4>Y""&(9"@`340@"-=,0$G&"$);M`9-J/&/BGLP`Q22`,*_U"#
M%U!+6XT``!H"4`$F9&$)`Y!#&$I@AK1`P08K`$(65K"N/S1A!KDH0!64D((G
M@"`&;P`,/2-3"+^:(0I#H(X1)O"#],FB!$5H@!C&0+TJ+*`-);`"`+(P!C+P
M0`I^N,,!+I`#XWW@B[*8`!1Z@`8!_L$,0@A#$/9P!!N00`!@Z,86[H>&!01`
M`CN8P0X@MX8U`,`#(9B`!T`P`B_```$^L($)@``$'S`!!SA0P1\&@`8';)&<
MB&B!_P`B8`(&?,`#"QX#!%CPF3\PX`!@\($1(*"'0JS@`9\Q0PBPP`4Q1"`,
M%3!";F8;C$(D``TN$`,/`_"%(L2A!@$```O(>X8A?(P0(,`#<`Y```&\@`[1
M.$'-0-"`")SU#RTPP1&>0$E7=*`"/3A##1Z``A<88[$`B``,<'`!,03!!'$P
MP0,$,(8+:*`";-@#%_;``SG((0I["$,;H-``,APA`T?PPA^LL``\>``ERC##
M`UX0!QY88`:FS<$87C""_'!``V4LP1A24`@SY6TP&B!!"MPP`0+@H`A!>!@^
M3E*(-7S!`NAMWP8`*`8TH.$#3,B;%0*`Z3Z800\#4`'9V/\0!A>0HP,\Z$P#
M\,`"1-%``J)FEA4TX(2!62`'!2@`$"``@#>HH`@7.$$!WK"%).@Y#'S0`!(P
M\`89O('5*``K"F[P!@-(H0EOT&,CW/"!-D`V%J_Z@-<:`>T(S$0+2_G#"00`
M`QN700,_((&=$@$+$$0A",EA:B$*P`(TO"`!XCAV"$*``NPLAA4Y<`',FG`"
M(H!``V'(``N*MX3N!H`'%!"!`C)`@,5.@0M<R((8&@``;31A#E5@$#85J4U!
M@.$%:NA%+#H@`"[4H+.QH!6J5L"'$7!P#&THP!JX`(4P3,`&C,NB&?+:<FW1
M.ADS"$`#1@#AZX#$[V[1B1\*@(+_">B@&[<""!/:88;V1>,'+'`E'":0GY7R
M+YM"'$0.!/"`&&A%$$T@``]><``R\<($`BB#`'`@A3\H(0H"6`*ST_H`-K#A
M#P68P>C,D0`.J0)`M!4*!CJA.I<#WC3UJL8&6$`"&?@P)(B\/-4S+X@"'$$`
M"OB],%N`@`]H`-2J:P(-+H"#FOX!N`*X0--I,`8T:`!*"0B`#N9`!"08(0P=
M?L7=\U&0O^,D\)%2/[GS&KJS"BU%?<EP!W3&`Q*0;X]S!P.P`FR`!P,@=<5G
M!F\0,3$P`1M`"%5@`PO0`KCW!$:04`\@!E,2#/OW>7Y7?#$3@+SB0S)8+#P3
M,-A"`!'PBP(1T`!'@`-D$`%B4`8^L"2A`4]8D50Q$``]L``T``,TA@]MP8)[
M<GQ,$GA\)(,$2(-!E#K8,B<!H&5'8`'EY04=(`-3:(2-(4^#4%0&T`05-&O!
MQW\?X8(`F'Q5>"&YHX68QX5*57T_0`574#!S2!Q7E%3-L%0K6`XWX7\)@7Q[
- -=(>-DH5V48/^$P@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>c83762c8376203.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c83762c8376203.gif
M1TE&.#EA<P!6`.8``'QU<LS)Q,&[M9B2C8F"?KVYL]G5T8R&@5-+2<7!O.KH
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M_/W^_?S]_/[]_?S]_?O[^LS(P.OJY_GZ^??W]?W]_?[^_O___R'Y!```````
M+`````!S`%8```?_@'^"@X2%AH>(A6]T?W&.?7%N)P8;)"-,3&9,)DP^!!8O
M#7%V;W!_?7YN?HFLK:ZOL*RI?7!R<'@K*A8#%!T.*0X7%PX)%@5J$S`T'FT8
M$"=]I7ANL=76UZ]^;WC;3DD`&1,]"RD0"0`31A<C*10S(0-<+Q@T/A-">`W1
MV/S]_*EX5`#X4,"&$%]9#I1@$L()D`,@MF!PD4:&&R0I`CB`TD'(FS[^0HJ4
MU8`!#0`Z&$R(X,9(BB`[LCQ0\,9-$Q,B"##PX*9/@2L5X"Q($R8&GI%(0_I!
MU<>-$P=F-NB1\D:`B2$E+'SA4F7`!QE"=(``@L5'"3\GLA1H((/`AA@@_\+(
M@--@AJFD>+/IP\/'0Y8$)Y)<P;"B`YH/#P;<,%."`HL+%EH(,2+!@)\F!!3\
M<#%AP`8N%%K8:.`$9-[3B>+@*5(A!10,!H08`%`%#88<$`9X`-+&R!<!!0)<
MX"(DP8H9$RBX<9-@008:,U2(.!!"C&G4V`GY*3*#QH@8!088L:$#`),P.F9(
MH8+!`0`?(X8,&9%!Q`4J-@+H,!`"QH0#6/!!0`!8`%#!*MDE.(@'`"0!PPW<
MG)!&!1"DL$$+.XA`0TY57.%A%2T,0`,,).Q`00#G1(`&%@%,D,8':&2P@H*G
MR?%1*0*,8(`!.FSS!@02*!`"#2``X,$!0VS!R?\0/OCP``(F(`!"&@1D0$(!
M.@!AP0X3;/!<"@.D<0)I<%Q'8S\VOO%&"#X4@(<"51@Q@PP)0)$`"55L0,`6
M*#S@00E+&-%%"%\\(4`8?([0Q@$/3*#'`DP4,`0&#`(!A1ISTF'FF?_`(40+
M-/#A!AXL9``#,1Z`,```*"`PP`4%>%`%#24(T%QS"U@P008U,#%`"RTL,,`(
M`100A@I^V`!`$'@X@2"G_#0@AA->ZA$`%3S@40(!#EB`@`5FH$!!#GF4L``*
M&B"P0!XYE)`'!ACDD4>Q(*S11@M0E-"&##M8($0($3A041]'0?M/23L(($(5
M\JW00%4(]'"&"11<,('_`PYTP($&-;#@P`888WPQR`ZT<`0%'OC0P`57D*'#
M!S3P<,`"?CQK<#4UX_&!?TF\T0`/6/2A0P8=X)#&$TDDL<0++QB!+A-+0,"%
M`A!4+;4\59>``!3>)1""$`JT`<(')8!P@\TWQ_(&#R!$`((.5)S`1PH]2$#!
M%BWP@$0(-GRA@@H&/-T#!`PP8/7AA//@0`T$D$`!$!@,P,0"&R3@V:9IN^('
M'BFD@407'R"PT@4[B(U`#A$\L40)PAB#0[H))/%$#DG7CG0$.>1PP0%L)+"%
M`4-T&5P*1F3`1^8X.U%%`BR((,`3:?@0618HL+!``058(("M`CBPA@8F=%N`
M_P`+E%_^^`ML?WT+-5Q`@H5&1*U&`@<8@7PL?80P1`5.P"%#Z`L8@@50``(D
M?"X$>N-!%WB0@]<A(`DOT)L!)ZA`!7Z.@3APP!#T](4.(*`&!T!#"NXG"U/X
M@0X4&``>;$``G$`@`$P@P`,,P(`70(`'7,@AX8SPN@=8H`I8"($""G<#!0S1
MB$AD``78`(,#L,`,%$C!"P[`@RJ\P0]Q(.$A5B&'&0"@";L"P0)<((->F(`$
M"\!`"9J0`',UP0I#^`"Z'D"`(Z`@"#6TX0O(,((=O""/$,@#&[0``MB(@`0'
MH,`))``!5;Q!BX6HV1^DX`,;+"$';41#$%I0``[`8/\!35A`<S"0@C&DX0@/
M>!H4-'`$"ZB`"*]\`06.@(,7A(!0,5"!&3X``@=890E8H(`*#M`$.J0"DH3H
MB1]"4`47P`$(5!C``UBP`QU4@0$5R*807/`%$VB`"1Q@PNN8D`4-K"$'"EC!
M"X:`@^]I@`W56X$05@`&$U"I##;```#TL($4M*$6R-1.*B)`@B0\0`)#<$``
M]#0$$;B@`D*`J!!B@"X3K($);/@F`,S9!`B\@`CHTH!(66F%%63S!2CX`!3`
M\`6O&($`.0B0'^2`-A+*01`"<T$*4N4"/+1!!#7`PA*>H#K5%6"<:ZC!.#-@
M3C(084<4$,$0CL"!,F!!`$3_R&H.4#``$!B!`FDH`:5B0(`5+`=SD(2!".K"
M``?`(`\#@`$./``<[0&'!1L;`@<X\#T3^("D`B`#&;87!JJ"87L7""P9:B`"
M$,3`!V'@!0%B$`8]+*6FD,0"%M[@!+8<8``B\N3VQK>]";P.!#5@9;JJ8,X.
M@.&U8"!#"S3``0$<]K6VW<(`LN""&.C!!2N`002R`(%4/!*9-4-%7!6W`#14
MH00#*-JK+"",8=#@=>`8*1.8N@8*>,$+%]""%U;)`0M0UPL.0&\-/`"%%X`A
M`A$PP`!*D($78/9^5T2%#CQ``S1<0`1<X,$'=(`#'5R/?.6[0$9-T`)WFF`$
MYO0"_P;2@``4;"&U'#BL]A9`!@NL%P`JL((%P+2#`(1!`6Z(PWTS!Y(^I$`$
M%`!!!D!P@$0.X`QEB$$`"(D``%```:W=@4A-(`%6`@`!1]``%#R`+@X4X`()
MH``).H`!KD)A&GZ`PPQ$@($6G"V@@U"%'Q80A@6\CP19P((#2("`+`SK>[3$
M`0J2?`46)-FOK$RR2)F@@B9<`0=*1<#K.&`&#K#W!S5Q@Q`\$(`T",$-QPTH
M*N)@``E,,0($H`$%"@"`%G!`SZRLP1`RD-$U/.![6]A"GD>J`0#@`@9,:($(
M,K"%)*-`!`"(0`A6`($-#"`!'IB!-E:<.2PR8`>ZXP-(<O]@@0P40`,X\.M\
M3)!D<;+Z"'2^0!HR```D*(`6C^P#*MP@`WQENCQ7&((.GL""#:!5BY<%`@B>
M4`*J5(`%!4A#`2Q<@[VNX0AK"+@):LUJ#L1`":A(;IF8<D5%5Z\%$7C8#3:0
M!!ED(`)+43&8!P&'-!3#`Q3PD`L6,((6F*$Z,@!N!:(`!"!$`0QZYH`6:K8*
M;<#ALM'H@XW4P`$6$``/J8###;+`A2O(@.8;'X0?,``"%ZA``!A0P`Q6,`0M
MF&`",Q"#$NRP=24H00QZV%@-!!"%(MA!%>*&`Z1K\1$WO,`$!)``S5(Q!S%,
M_`,M)O;]_""#*X1`S'[0QP0(`(7_!P#!#EP7@Q_FL'@&;.P*4BA"`UX0@!"H
M``AX:`H<^""$&S!`!V>X@`3T<%;.M@4#-4^ZTMT@@A3@808]>4,=A(``+3`!
M"V;?^AR\KH0;O"X#4H#`!%)[!D//H"E``T"2UD`#)F"`IG_(/!P4,`(&0%_O
MR,/B<)&@=FW(00X8D$`9F&B`"PR@"CNP0@L>(%(<L*&O4BK5`T``A9"R$@0$
M.(`3;FI,/_!A`)M5<S>G>J<P`P20`J:Q>-HP`!G0!AQP!M@&:JPT9]C&:FR0
M!JFU:AI0!2DP`J1'<[1@`",P%P0827VP`"`P(W]P64(7!B`@`N!38QEH3K.6
M`5!@45NP_S$5N`8`<@0CX`$CT`-`)P<@X0<SX`$BD'DE2`@?(04'0`-E,H"I
MP`-0@'\H@`)[A0,XD&1K`&@KA0$JL`!>H#T6H`5`=04,N``G4`>91S!]T&4\
M,(!+N(*H\`8,\`!+(&XYTP<S,`,'P!A#T&I,8&LMD`-"@'A1H`4?X!@+<`$F
MP`$8\`$^``%"\`0R\`=$Z`<K(`$)``>:,H>"P((E,`0*(`9P$`<R8`$?P`?(
M80($@2YLD`4M<`4^8`4&\2D'0`*JQ@$?8!44X`(-D`0E,`)<,`TG<``><`(W
MAWT;%P7Y!P1"P`(L0`(ZH``+``0)$`8[\`&R0G#F5`,(X`-5L/\)9I`&C44"
M#@`$?(`!`O`!!*`&G>4`50`!']$`=P&*2E=%*7`#$Z`"+1``"R`".7`"(>`!
M&0`@'X`AEX``"'!0`$``'X`%+?`!.3`%<U`!K0<#)5`">%!I&$`PI\",8+84
M"N`X3A!E!L4"(!`"07`#>O`%7G!D"#`"`Q$&5<"0/L`"/>`"<Z``6K`#*L`"
M"%`"0B`$`L`$!L`'6#0+^%@(T6`$*,%-]@$"2<`#8=`!%\``4U`!!N`%6G`Q
M#J`%#I`'"O!U,D`$-O`!+$!7*0`#?8`&7+($2>`&<]`(36F"</`%IL(#2X`$
M6$`'#D`!7$!66?D%-C`'0"`&N#`%+G#_`W;@!S=``$V`!1-``Q!5`6C0)@R0
M!0`&$G'P;G.H8FZ@!RJU`'Q0`)BF`D'P`2#3`?W1!")@`7Q``PI0``?P`VB1
M`"+`!RJ0!#_3`@>@`GC@A"DQ;J"YA#2'%F+1!C=@`Q:@!@!@`5$@C6[`(P,@
MF0)P`Q=0!0$`:2N`!5W@`EJ2?WK0ADB0!-P`"5ETE]JA8H%G`%5``@D``2HP
M/GF0`EBP`C&P$DD@:RM``RF0!7K@/RH``4$@`OUR14O1%'3@GM#'GDI7,Y'@
M!@V@`BEP!2!V`E(@!$D0`+&A`ST@!6W`!4]P`@;A!P0U`C1@`)@7#4MQ"GN0
M1:D@DG=I!#"0_W\>,`$&(`5X@`=!\1$.P0,;,`8'0`!C()R"D(`A*4D0F@U8
M-)P+0`!Q@046`AEJH`8.<"3XMP!Z\!$TVJ2),`L%LQ0$B0$LH`-8P%]J8`.7
M6'-J\J5@FAK)U0AX4`=TX*58A`I'D7!P&J=AFEQ,N@H$4P<R^@:.@'0DE)P(
M,FD2NH(TIW&.FG=%J&)V$`<-AW.'NJ"2Q*<WIX=,P:>1:JF2I*@U-U.A>`J6
M&GVH$$G+:";:D*19I@?P%0#74@&JH`J:LJ#C5C,?03`-(*%,T:/;D'F?>5DG
M=(K:H4PS8`-!$`0!$`00P*@S"@DWDISJF7'&V0=UX`?6`:@)1PM+,?\J?K`'
M>*!VXM8'_L@)@G8&%,!XXK8-;H!H*M:I2\$-6$8P6::I3G!%'X$'<4`'<'!%
MR?H&?.``4,($.3@",_`'_3=N6/8'8D8+RK2"II!H=5`3!`-T17!9VVJL?U`'
M?>`$C@IZ;=``F;<"63`$?R"K$1`$&-`#ROBM<?`"-I!<,A``>>`P8N`&-Y`#
MSKH"SAH!8M4#-T`'#>"47X``9E">HR(`:V`#XE8'15`"+M`3=M`%"?`%/?H'
M<V`$&#"KM/H%)>&L!M"CH`$S(7!S,Q`!`?`"+BH#2<"V&\`!^7E\BAD#._`#
M*W``.'`E9E`#!2!L2Q$%4)`!4:`*,W`!*##_`B$@;BY``=4C!!<`CCA+``@@
M`0R@'15@!EN@`'``LF(P`U#P!'U@3`J``A90,W+`!22``]"Q#4L@`340,!86
M`R4!`%L0!"N0!B,@``>Z!5G`!WB0`$Q0`P%0$W12`VFP!6=@7YOSJV)PB6^(
M`Q/@!Q"P!68`!&+&0SC``Y?E!D)V!3T5!R'@@7Z@`)?;%'W``R90`U6["F[@
M`6O@`33'")L3!2KV!C#0:G91,SU0`T>`!ODZ`5?V!G:V``V@`#ZP`$X``@_`
M`#HG!CP'`/U#`QP#`43(!U!`!4>``$JYH&6RLW`0`#B0`C,@!`]@!C+P$7S`
M`@"P!BE`<W"0!3[`_P$D8++EJP=_H`"=<`>IT!U'L`&G:`<-4,.I:S,9YP85
M0(LFH`)N0(0V(`$/<`8!X`0_@`99T`=VP`!;P`1"L`$@$`4J,%=U8`IPX`(2
M@`,AT``L4`4X,`0RT`=\``!4H`%78$)^,$\W8%)X0,(I(`,1L`4D8!=BP`#!
ML@57\,%QT`(.D`$9Q`<OD`$ZC+X^X,.H8`1'0`#'9P<S8`)G@`'4$$D?$0!0
M4`!GT`;+X0<J``(!(&I4T`"<%@D-T`'=U0()0"I'4``*R@W[FP`-``,IM`8B
M<`-10`)U_``GL((-(`(HL`8<4`4R@`$X4`4'4`,Z(#?^!YVDR0%!X*5J(?\#
M/K`&"P`!53`C/%S)7OH"1T`"48!%G8P#"1#*2B=N?.!Q>A`E>#`'`;$#?Q`#
M'/``-T!FC,<7(W`$`X`*![`&`2!NJO`'`J`!,,#&FX4%1R`"GV($'(`"#.">
M#-`$6\`&W!<$9^`!,'`$,,`'<R#'67"Y#V#0SN('`(#`2%`#*"``4*``.QR.
M("MN!F#0OWH+.V#2AJ"`"B!J5U`#:\``O_H%5?`'<'!=I9P%R_$1#I#+!.,!
M1S`!?.H'%Z`!34`J%."C/E#"+=`#&9#53D`'MJ`'G)MY35#")U"\,;`4*G`%
M02`%>L`$,Q&P6:`&?]```7`&,WD#.]P)V]H`)T#_`6M`!9YJ`6LP!)V*JE]0
M`'RP`3NP`E)P5#K@!$X0!$.@8@^Q!A+0`N+VL0+02OJ``9FLA$LQ`-WK!!U`
M`4UA`$QP!D-@`!AP!DP0`>&6UR;PJ]*<`G-@`3@``@?2`?MT1:[=B>!K`;(\
M`!F]`GC```AP!:]W`C<!`H);,Q4@`6N`!J41L#?`)3<``A=0"@HP!`C@`GT0
M`&;0HWWP`G_5`LGE!J==`#.U`@^P!0N]#2'`!"`@`S]``7@7!TZ@!LUL``V@
M!B/P`!_01C#`!@AP`A!01SZ@`O]S!E=B`AG``Z,"`X^=!`E0`R#0`V4B`]5\
M`[QQA<JP6P,`!*>Z%#9`_P(U```%T!X^<`8&@`4HL`$G@`<0``4&;0`$<`8I
MX!%P8`-M!@EPL`0@<`0M8`1+$0$C@`!M$`0E`P#?%@15W@0_P(=H<`9"V``W
M``,2L`-%0@`8T``]<```0`(8``<G,`%9D`9C$P-O(`0TT`(`L`$N3`*8$JLT
M``0*4"!OG@8IP`5%4!HWM8*C4@0HF`$VN`,.@`2X1@-"T`<&@&MAT(X@X`'>
M&PU!8`$KR`<+P.?$=$5O@@49$`9A\,=]T`"1`0!'3C#4<@,]D6*C8H_S>JZC
MP@T+)Z'-(FZJL3FK:EP4Z@3*=$4IO:VKJ@KN63,ST%DS51.8.`/3@`K&I`IR
MD/]BVT!3I+J,/1$'M_`#/P#LXD939?(1,W`'1W%9T:YQ&1<'-K```5`""5`!
M>!`%`*E&Y4ES5Q0)33&MT6!,:;<*F6>R=;B"->&>2:IBZNO4$%LF*6:*F3=L
M;G`'RF3P=2%LM/"K3&&MC@H+;P@".+`%(K`"?E`!&H0#+:`")IM<FJ<:<LSD
M"?<&-"4&<Y#2,9^GVR`&8J`/#9NQ<.`$*U`:1AMX17#NRK0<;C`#5V2/3O!Z
MD%8!%P`,#K"J_1!X$?#&C^8&=#%`2*`'">``(>`C/%``$Y``2%``'_,$$9`"
M+%"B?A`%"^!+DST!V*/V4C!R$W`!:10#[8P'0)`$+[;_CW[_%D&@`]O3+=VS
M]L`0`7"`!!83`-$8!F:0`?H@$B&PN$#7$W60!":P`BZP`=&&!`0C!:Z=`BY0
MU0_0H=1F`;!W`EBP!1,``5B@`02P`!U@`FH@!2R@`5?BR!X@LLVW``:P!4?>
M`4?@`_*%`#`@OW:2LL-W!GBN!U>```$P`SFP4+Y\G*\@!RIP!BKSJ$;P`%+`
MAV;@@PQP"PS`!!N]`F=``+00`$?``OV:!FGP`W``"'I':&]^$1%R"FMH<"M7
M6T)R0QEO<04E;Q`X8TX;27XY9P-^0C0,#D<;="$C2Y5N;W!P?G^UMK>XN;9]
M72@C>'U^;WU&0T)^>!D':V$W_W,N/GIO*R@D?6]"-3LR<E)#36Y^-X,_0EW`
M$&L.;WP`D'U#-09\<'AN/)MP,WZ@9V-R?AK``?*@!@,:!(H$\S.+EJZ'$/^$
M\`4L6!\50RH$W)$G#8X/)VY$:R"E6BTX:5!@Z!,`A((&XHZT</"!0!P_"CAT
MX&,!`0P\;U+40$$@R`PX2#;-^<,OE(<^3/O@$<`!0`LC>!Q&W/K0QAD?60O%
M,?#@6(,,7RKLP#'!Q945XDPRQ1<&3PLT>&:-,P/@`0`_?1BLR4*@Q@$\8N#\
M:,)D#8H"<Y!P&+.TZ9FGMGXD.T+!#ARH7$/CZF5&AD5+5_C\:0!B"1X>3#@$
MV''#3?])$K:*C##XH,*<62L&P=%S@9_@-AAP0(G3QTTP)PF.#)'!8W+E?IC_
MT('SIL"1!7U^N!%-OI84!"AL-.<.X$.X&5>2O&G0@PT.!!7>W*X%N`T'*#KT
M<8T=XZ#17`,A""&8`W@<D$H#2.3PAA-X`&#"#4E1QA1VH/4AQQL"'*'&&_:4
M1UX#'W"0A0IZ\."`&2H(J`<""S3@1@,;X%!#!0V\@`,`)PCCAPTFH!""'\XY
M80!G%0BA0@LA&'&$!R>094($-F00P`Q"2`""#`9P(`(0<-#Q0P(XI,$''?ST
M,<,$1SC@!&@F;H5D`PR`<$0-&3Q@P@+(2`$#!U<$D%4#%"!)(,4-(AQAP@9]
M,->@&?M<$P,4&ICP@0A,0&$`"1IL@0$?09RQA0U,;'&!#@]$($48CEK@A!Q?
5[.`H&E'X$0<>>3R@@00!T!E:(``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>c83762c8376204.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c83762c8376204.gif
M1TE&.#EA^@$]`>8``)*+A='-QL;"NIJ3C<G$O>KIY30M+KRVKLW)P?#P[;ZX
ML(F!?.WMZ=W;U(-\=ZVHH<*]M>;EX/KZ^7-K9^#>V-32RK:PJ=[<UJRFGMK8
MT9V6D/W]_8Z&@>'@VO;V]&);6-C5SN+AW-;4S;JUK>7DW^[NZWUV<>/BW6UE
M8GAQ;5Q54]G6T/3T\M+0R%)+2;*LI*:@F-72S*"9DDQ%0\K&OQ,/$*BAFJ2=
MEN?GXJJDG-O9TK"JHK2NIM_=V+BRJL[*Q/+R[Z.>FK*NJ;JVL&A@7?CX]\_,
MQ,*^N)6/B4`Y.**<E=?5T*&:D[ZZL[^ZLM30RNSKY\.^MLO(P?#O[-30R*BB
MG=;3RU=03NCHX]O9U*^JI>OJYKZ[N<[+R/3S\+>RK1X:&JVGGD=`/\&\M-+0
MS,;#OL2_N-73RL"[L[:TL/?W]KFSJ]'/Q^KJYKVWK\[+P\O'P+6OI[&KH_O[
M^\O(Q._O[,"\MKJWM+NXLJ*;DR<B(IB0B>7EX,W*PN;FX?___R'Y!```````
M+`````#Z`3T!``?_@$6"@W-_+&J#B1Y>0((>'BP>&T42$BR'@AN:DW]S$IU%
M&T!>&QY3B!*E'J&0EZZOKUZ1CS@D(1<A$1TA)%`,!06_)'Y8.%E9+()JD5"/
M7I^"+!)%4ZNK@ZM>#(_7<VI`I74>$D">10D>WD`)WT"0U8*,GYW/?Y_SFG5`
M+-ZJJ^A_`@K\\RC!I2+F("5H9#":P70;2LR)9'!#IV[S!OX!LF7*/A;ZS@$!
MPL"BQI,H4ZI<R;*ERY<P8\J<2;.FS9LG2]1)P'.G-@]J>M:IHZ8$B0[LVFS!
M`<4+SQ)\_'A9Q$U-':<)&"ULT",!`Q(,=GI(4`*=NW4)=A9E`.6I&@\,_TJ4
M8,`&#IHX(Z00$&#&R)D`+<Y(04.CCY0=8[8,A>*'0@,^'4Y`&2D!1X@M%'!@
M45RV#@,_)WJT\0-%`CL68/V$R#49Y`4LOR*LH+""Q)8>.OR4*$""SY8$H$\`
M^>/%T*8-.CI0X',B0002!>JLZ&`RX,0.)!KX(:'/:X.C%Z!L3HNC@Y<"IF(8
M+=`@Q"</.$JD8J$Q5`<:#4!860%"!^8>%("0$4X$%FC@@0@FJ.""`_&45ATL
MG.5@6A-FMQ@4T2T#1!TAE`>;7)M!T08.))&50`@4;`$%#L!``<5<=<RE31V3
M>=%!`Q20L%DQ/&*!!0A]F*'`&&_TL5<%(IRAI/\1`B``1P`60/!B6G[@D%MO
M%-+H(Q88%I"6!QQIUD`!?OAA%HT>A&8;"1'604$!7GA6``XXQ%@E,!UTQ0`+
M4-CBP4;VH#)'!3U@UP-T)(PD`@D::1(";B10`,50#&!!09XG=*`3C2>0<$*$
M.K"`10$B=/!>?$!5%]`T)&3@Q1P;J,$`'""8T<`%`C*HZZZ\]NKKKQJ5M>DZ
M6CDX5%D)1,I"`BZVD8`E9/E11Y5MN$@"BWST4J8?/630@"_"^#%B!-M1$`&Y
MP_0PV[67AM#`N^^B6$`$,9QP7@-O5&"%DFR\04"1`83AP[=>^9'G47Q0R*RF
M':R(Q8->0$%!""M@4>7_E]/BT"X%)4Q)01MQ5EI'&VW,)==V)3%0J:>%%/+J
M'-"=H4-F?A3``GI0+-KH!B=<*MZ#4`!X8S";?K7B,Q<4\&:I[V%1PA^EG-1(
M$9+$Z@4(#(@@`@@Q#`CLUV"'+3;80^V4`)?B,8"64,QBH<T).)S@QW-S=L!I
MI\-`QQS>D?+"`"E%X!`!%MCUUD9D>&?00B]`U))I`5M$SA@46YS101&11/`7
M&VP8@48?14KQ`@22\C2O#L/4N1.-H(U9PL/HU($%"3J4JJ,7N)=0Y047G)"+
M-`G@V$,/YY(0J?'N9M!#)+:X2X$7WT`]!Q`T+!%`!AW<;#-;%!C!Z$!S>'!!
M_P-7MD62X)EN`<QBG6+!0@F:DM!&;74\=\'60)VDAB:1;""!!QDH0@8<(P*O
MC>V`"$R@`F%2MK2<8`H,H`#VC$?!HW3@`A0(@`#Z)8(`L"$YD>F`#E9`0MPT
M8`47&.`%=/`=%N*`)U"XX/AZ)\)WT48_F>H`=FZD0\<TH&'PZ4$CYE`$++2`
M+WMIDF$@8(8.H*4-%*``X2(P%(-``46'PL%O>#(%2^4'.V[[6PDL\\-"M>$J
MP<L`"3.0@0!4(#!GL((50`""=U6@/Q6@@!KVN"HUT("$/_1``6!#IAY(X7L:
MD5O#(C`I(&#A`IXB6"3>-CL@C)$!+SP!`]*8`1$(8/\X&DE%.@;BA1B0(`"%
M+,0"5\G*5B;0-$2L'S@`5`(/8($7/E(7"8T0@B(T(`"[Z$4$\E,!?;V1`#IH
M2XRJE:DH0J=C!(.8!U:@/!$8P0@M6,$95J!)DT4@`"LH`4C&B(4B0"TB.GB#
M%)P`!S@0@``T($!3O#*JS&`A813"@N]6H)D7DH4!CZ)`!3K`!]5Y!@=^X)VG
M'D8C$:`P`SJ@`:/,&1-)A,(+`C@#]DY@B@)(K`_?4Z4$YA"92Y$@+;Z@0+="
M4(`>3(H%4SC!"13*DT6LH`)L0.8*0Y``5=D#>I08*4&L\*@$;*$!!G2E4I?*
M5`.9Q@N8H\`Z5O`N*[2@`P7_D,M2;@F"%ZX``3HXP0DI\+?R(!0+.NB!_\X)
M!./5<E4L",$XTE(<#QA/!*C+$>_D5B7=D""/PU`9AIH!JSELH0\0((`9S.`$
M`@2@#]OP13`(VIL2K`,(;9A=`XP2@J#`Q7<AP)YFRK:;[$"2I6/)68I"``)@
MWD0"=5#`&4KE!?5MPS$G\%\"5N6%!F1`DRP-BV>RLJP";,B2/KI`![!PV3;T
M@08!B$$H*/$'-812%)58%G$"`!]@(+6IX`VO>&.RM@0X\4<DX&<\(`$K38`C
M?%XI0@%0%P$Z<04+=2#!!>90V/SV(`3Z;$,J>+:0RP)!`FSIP?X048L$!*,-
M/W31_Q9(T`-I3:,`FN*O!V(@I#5`H`7<ZH-B*`6%"[0A*JL;XPF@."IEDB5N
M(YQ7"#9I"H3J5Y.;](H(&M"S$U[`IS&90PD.L()252I"'J"`%0)@A3?&H`((
MJ,`?,<A<<E01+7-1F66G0MH8W?&$CQ"(3S6AAF<L@R!O$/)VOCO>-KO9S7Y@
MP!QX$H(_M$$$$<B`)-1@CHS$2AI!F7-70[`=/IQX3F/"+PYZ(!R+J"&W`1'.
M_DKAG`Y$P`H)"*K\Y@!!$K"A!18#`05Z]C3BD.\$*]"!!L<`@@[L^`)&F&<)
M)/.<#DAE68O1;QW*XP%Q?.5:#7!:R8[%F$L50#++$"`;8O]@!;$VP!,R":HH
M=(IAL%R+&#K,=F0Z!$5/Q6<?0IF63-L'"7'PA"16N(`?6I`*6.U/(^%3@VE8
MH-L,^,\RN7JSOO>MU-J<P[Q>:(,.(E"&+O0`/40<AR8\0<113`^8.5+-+K;3
MFS)Y2LX!X9DJF^..L=0!JW4003DTT3&T0*$!4GB""-Y`0@0(IQ-9V4(%/-B"
M/K!A!5(`P0D"T(Q1'&4%!5A-68H`A/HNNAC^)$FD;H2#7PPE3L;3005L,QEW
M7(#1AYH90632WCF;P0IVLW3-V*&&%0EK1<:+`&X*=:D(R(U.*-J8#K[2@5KX
MB`0R(P$(-L"/2?CT+7/(PA<>D`'_!#<`:K6E@"KYS?C&CVV@/@G!.JJP@"L8
M(`D3X``7-O`JOA_B?[#R0`FDD*D!@@8TO-B")?W`XP1X0@(G$$BC[<$"+TR!
M652=V"T\`H4C(`$%,Y@!"DR`@:'1QQ*P68%5WP`!-KB:!"4(``.6<44=G&&0
M[EO$ZXPRIJ,0W3,Z3*_JH].36@"I4PS@`A(`L``.(&%1.BB#!I"@`0W<@1_5
MA94]%K[_=DO`"TY0`1?``)"T8EDU#EM`;XYT(R1`-\"!0F<4(XP1&06%:J,R
M3""@1@U0`3^T`AO`#M.S`=X`;?\C`0)@`F`@`T4!`M7U""2P>(X7@S*X*PU0
M)V-1`"T@_P9@@`)"(`0/H`(U(`:DH`I`L$>2<`@D\`->0#AR0R;&`P6P4@E3
MT![EX`6Q%VF7`'@CP0Z6-$!.M`$-<`5ZH`)'4`9<<`4U8`!M\#<1$G1R82X@
M4`$VUSM30`$"4`#?$"-4I4\/4W9P83P]$P'!\"I_&`$<0P)!P1.BHD,5D!M0
ML`0:H`<U``9*L`)YM@158``U0`1DL`T2\!;6)0N:0`DBR&>10`"MQ@"9H@-\
M4%`%4`1L`02D<0[F!H4E$`%RM0%=!`2:5`P14`(A$!E-$5:]H'PA0``9$`'[
M,(I$!RL4I8IE4&<`E`[A<P%)-8/8F(TV,2G<,`!@8`!F``6/MO\%13``!I`+
M'*`"*D`$'_`!)K!Y<Y`U<]`&&7`%#G`K&3@`*N`"'%`:';`"3*`"5W`%2H`'
M1.`"*M".'S`!`+`$5+,(';(-7*`'27`'5+,,'N``>C!W](8%&(`"(7`"+1``
M!S`!2>`">,`''3("*:".1.``5R`&5[``#2`",'D%*<`>E9<$!F``1'`'7A$`
M*.`"*$`'30$$`3`!`SD!%F!I6``7#E`#5Y`L.N0>2E`#62`!`)"0=B!O&Y&.
MZ\@#`_`!`ND`#B`&,\"/-^('''`%+N``&D`$`\F.;ED&#;``"$F6*I`"/Z`+
M9^,`,]"35X`%&3`!+G`%*G`#)J`',R#_D&(@!@*I!^RHCD'@!23@`.K(`=!3
M"A2``%1)&]>HC:(YFBSA"V-!`I*X!Q>``T70*6JP!#,@`BQ@!C-0`TB@!2GP
MC5GP!U!@!%#T!6.X!451`I`XB4C0`T!B`2CH`F30`$A0`WI@`NY'!!19!>2C
M0TVQ!6)@FUEA&N/0`V+P`QU'`A^@!TA0`48@!0+`!&CH`DU@:0+P!1\`!D'0
M!$"H!R_P&3E0`Q_0!#%@>0L@!"^`!`:@!U^0'0^@B1_064`0`D(@AE4P!M.1
M54```#6@`GU"`<G!`A@`!EBP`65`!#60!%VS1W2``GI`DR<JE65@G]!I!Q1P
M`4`@!)?W!67`_P&3"`-5,`#F60!#X`(U``!"@())L`1;X`%"``8<D`8<``8*
M4`"96`,H0`-$8``<@`&U^0$:(`-ZP`$F,(E'$(\Y``8?4`93,0<1``(A&46.
M`8.D^:9P>A(G)7K/F01DP`:_U3W&%0-5&)5DH`8D@`(U8`*<)@*=(JAZ0`"A
M,%)0D`1I.`23T0!FT*6IT`,CV@!3$%-5``9)T`13T`*E(P0CN@3.,!67L`);
M(`MS4`:.>@4($`"P&@!54`,7B@`%T`=M0*!`T`%VL)T#L!`:8``QD``HJ`&\
MT`LOP*E"8&DI0*L+L$D;`I@:$T4/,P7/>04HHG<4P`()>@H2\`5@L/^)%R`-
M1=`$24`#TR"J'/`'13"F8%`!8H4%=*`'2L`37#")'?`+F<<L"U`#`B!?$U`#
M2L`GN6DN/7`%-\`6S8H!6X`"--D!'Q"D$<`"*(`!X%D#6L!W!+H"C[`_:-4S
M^I4!^1:G)$NR+&=<(OH!)&`$SP,$1M`(L?(-_1H#\A8$F[@('?!H/%D#`U`*
M?`8$,^"H,P`/16``&/"*<S"BB/@6$B"B)@`$3P`66!"5*@`40>$%)2`K$\%G
M&X`$20`&>M`$1O`&;V`$/F``X>H`!5`!4!`$!K!G6A"$QG,%`P`$,4"19K$0
M11"Q*!`A`)`$>J`'7>`."5!YC#`*8U&A_(G_22>`/1N@!4EPI$7`!3U9`YJY
M/V;@`E(U!VA@FY0``1&+!&W0*<&:!223!I,8`B)"!B\[M35@IAY@H1P@`1>@
M`F`0`UN`!0(`!QT1E7*P!4U`!G`@`H*J!%-!!ETP!S``!B[0"S,``$`1/GS7
M`T:@62"P`FY:LMJKC6T4`CE8`Q,`!140`K+P!O[P?Q9*!T6P!<WZ!6HP!4YT
M!"XPJTE0>]Y0`#,0!"(J!M.W`0;P`+NQ`2-:`")8730`G4"P`NO[!%GZ#^*T
M$)7P;G\P`QP@H@O`!GW0!P'``RZ`@C60`R#EMO\C>D#*`0LP`WLR`+8Y#F#R
M%AT`G6F!!"9PE34P_P1.`0!7L(4.`@3/^0%1$2`]X`$8D`0G$!068`#SJJ0)
M:`<JL$=`X`:V&10$(`-@(`83XP<X&15;@+IZP`!;(`,+D"@,T*\",!%?^@6B
M%Y4&4`4BP!Q9Y;L3E@`MT``!&P3'X3\1ZWXNT`.4X`F'P``$T(J7PF;;6\C9
MB`,W]0.U.0%8(`4](`$K8`(`@`0#,`#C:J%=T`$:.0%`,06==04:T`!`2@./
M,`=>,`-<D`5`.@'&90`R,"=`,,"3`"8$`)W_*`&>IJ!@DK6-L`][1$0D8`!'
M\`!IV`(_8`0!$`<NL`9-"@9[0`)N:S,C80;ANL9$!X1HW!G(0JN6A`0.`/\%
M.`J."0``+@`)(]$:.(H"&(A3*\"CV+0",*`'`4#%SMP`&N`"(#`^&E`#"]`"
M'10"0'H'?C`",_`#4>$'J"N5+A"=8`$%_4H`'="D*2`.:A`"M3FB``!N<*PI
M;W`!=3P0I6"I8&L!G-=N(@@%`I`M/U1XAMS2,Q@I;!``0*@"%$`#&<`"D7P%
M8``&K)P`.+J/S(M4ID$"62"E'+"=*#`.10`%J/R:FH@$)6``,.`C"3#`N/Q;
M"@"=ZJ(&JA&Q5P`4(P$F(U4)GC`!!F`"$Q"N/E"V`?`"+C`"`A"P>O``YH@I
M)R>B5^`J4`"$2'`S,O**M'HV"V`")1:Q+D`#Y.S_(AC"`%-PF37@`H3S0Z\1
MK!6#!5I@`-,!`#MM`3N@`BP0.;.Z`,K!:#CJ`!0P`41@,3YR!Y/(!?*9`A_#
M`#CJEF`P`VR""<ZYG6`P`''QI;]K-WU0F#40!"`]#LWJ`E,Q#@<6$`Q``]FB
M1B/KTM*];W22`4:`J&0@`J,6`2V``7H`!D?0'E_:!4,0N%60`7HG`@L`!D2`
M`B)J`"3PB4#+!0BA!6#+!$9;)5Z@M$6`'7_0!(\M`<[2='7J*J4Z4K;1FI))
M!$3@J`OP6$;`P7$P!@(`A#-@`@:P!2O`!B+`!OU*!$E#`LV:VE,0`;FKC&G8
M%8--&CK@J`[K`LY!.)\1_P)?"M\]\$,SM@!BT$U?8``\9I-IN)5EEP#$S`%S
MMJME`)UK(`9:@`-*P0"HZZ$X<`15X'9M@*-E4-Y@T`7<\(DL0`=`*@:PX=M;
M@!1]L`(?+6;I8+,3T#)090]_T-PAP`<ZT`(5$)K3G>=,I8PXN`:TZ@`],(0L
M<,1@D`89P`9?BA\!:P`"8`0B``=BL`"25P2U^0#?,`7YRP8(``(.L-,U\`"3
MX0%I:`$5(`6XL)U,L`41P!8;)HD<P!980"[S0K<2,*;KBP7W*@9Q@,Q"H`<8
M8`8ZX`2Z;0"1G0`4\)P3,"(AT+E@\"T=@!D,L`/@BU``8`*$1@%FH(FU?2Z@
M8?\+)]"O8,`&8I4<;9`$*0`F#$"C*^`'0``%$5L#,]`&HE?D<J$R$2"H27`%
M+1`6F\':8``WF*0`=.`'_7H$":#"Q.X%="`#L=X!`:`'/LZ^-?`"99X`1K`"
M(DK<:KX!5YD"X`"S$-'<64=">*[G)L]*-5,",6`$`5L#%C`<Y[`&:,L%1_&E
M&``'"N"H$T`!?A`$8)!>O&.A((X%`6``E?A`.""H-8`&:;$$:?@&/M(`49D"
M)T`C$C!&"2"B>L`$/B.+/,H%6$`$*1"/N_#=`/`&"%`%6R\``?`#!R")>I`!
M%Q`#$&6A**"A)"``:(@"L\%";,"36M`!&>``'Q``M-'_`$$@B3-P*SA"/BN0
M^(,*3B($``80!'+?`4J@!TXC+AW@J&*@`[EQE0Z`"\N%`S9`JQR0(Y?D[X,4
MC&(0!"<0E7#0W-N)!`G0XPU0*1>@!V(PN@'+`ZK(`*`JJ!H_4K/,!.!K$84@
M@I60A+:F`\J5O2<__:ST+$#0`"W`!DT:G5G;`>L-!DU``B(`I"B07EH@B0,@
M!2Y@`"S0.T!`!K0J!R<@`/RY`B&P`5MP`B+:!.<`"!@U8#E2,C-@"Q=8;3@L
M7A$D."8U>D1/'4\I8`980S5:$@PZ(BHU22-F'S4``B-C%AQ@>A04)"<]$S4?
M(2R^2WI@*"%%6:9=6X\N20)`_PE`4THU+@E^UGXA%"$I-357`S<J8!PG%48Q
MW%\G)!T4?09B)R`]1-,0#6<]4!T&>EE`%W`4(*&AVQ<=98CH"=#%10T')"[8
MJ:2A#+P.0`#44'*"SHP:'+!T2&"%0I*''CQ(4#-'C01*2;#,V;#!@TL)*U;X
MP=&A008)?X(*'4JTJ-&C2),J7<JTJ=.G4*-*G4I5:H@"6T+T,,)&`1$7!@PD
M$7-E`0@$$URX4`'`R(HO5V:L53&AQ102**Y<^>!`A8LK$\J`T(&EBXH6&Y!<
M^:M"!0H`<`J<""'!`PX/"4ZTN?`"Q8PD8F=<4:)XKY82.A:($3/C@V<Q+E*@
M\:'@A_\2%=IT=%"A5\6'+@6@;%GBX`KL*RG*^($B(L45WT$8,$@08D&*#MDH
ME&#AH0Z#(%>2Z$FBXH$D$GX`-%81)$&"*5[2.$B`HZ]O$QV@X&`@@8,)[D!D
M40`'O,W56`HKI+#>`D:<L,,'5P1A0URF0=$#"HV5=0$00RRVU@0Q;%`$$)-D
M^!L0-JFAQ@8X9+!"!0WHL`)05=5HXXTXYJCCCCPZ-5@&@QEQA@@K7$##%TU(
ML8(.%%P00@,=>!=!#QUT4$$/+&Q0`@4-2(8#%!'$*$((:C!``@-%>$"!!R74
MT<$*)`Q40`,A]-3#F5ML<0(%?,S9`!L'Y-!$``V<T``))6S_,0<0%#CAA`(C
M1$$`&@(0($`4`CA!PPI29$#!"B<P$($':7)GTTI3,-0!J6JD5%-E<Q0QATI;
M@-`&$%M0`,4&LQ:Q`10MW/$#%'4XX\4S*)+J`0M`-$L"LR5X``0+SS"[Q10>
M%,!`EBJEY,$64'CAP1S<><&"&BR`*0F)!13AA9,)S!2K?F=&D``"%/@!0JN5
MI9F2KRQM<),$&T@0:QTPZ@`"C3TV[/##$$<L<5(PXB/C"AE8$0$6TI'@$Y5T
M%N"!F5R.RJ8?&5R@L!\)2(`#!6PTT`,%.&"QW`9`A(##%AU<L(+,4)(@PAD@
M')J!"!ED4"5Z'6!QP2U\,`!%"46P_]"!'T9<*@`-:(SQAJ4"*"#`&&N,`<(%
M(N2+2Q&R_C''VR+.H5\"0<V4D@1`>.'%']UZT``C!="\;`+2UC&R!U"H6(=[
MSB20:`F$U^$%`XNS4`<40$"!&;HD%%M'!#5#`86V4K=ANG183`W%"07L5X=`
M4&#!AWX,9,N'5CIL064`N3?@@1<N`2&K%W,0C/<?LA+\]AQ>L$&!P@Q/+/WT
MU%=O_5"4U]'Y"0FP0,$4R?`*1`05K$`!`[/:G``6/0PTQ:A>5,G`!IM5T$$$
M4$S7^?@GZ%``"]/I`0BTX0<*](!.$>E9B^[7@`90H"=`:X<V))$!*0C`#%TC
MP!L"$``IF/_A!P*`P!C&<`$NM2`G`8G`";"`A5M(X@0]Z\">9-:#'CPI`S6\
M@(LJ$`,X2`$.`<!"'=K$@!*4('L,.-80GZ$WZ;BG#HM[HMX`"(0V`:$E.$B`
M?EB(`Q*0@`)8B$3->G(!!JBA#<MAAQ_.([LN\F&-^,-"T<I'`P>N`$5J&%%*
M$N"N@DF`8&K@&]M8,`?>G>$,T;N>(A?)R$8^A0102``)2/0E"DS.5WSSPQ88
M4``@_(%^7B@8G[`P!1#@``<E\(),(A"!GDDF!!$`@@3RERT*$$YJ]RM`X"(`
MJ@LH0#=;$%J,3L`'/MQB'<=,&A"P@``S6%"#;^A#'P*```0HP`G_E!)!`_R`
M!5VVP9O@RA-6=%F`;[+PG`7`@D#.>4J;K1&'0VP3Y*#H./<XCIX)@"(]HSB%
M*+8IBL_X@Q?*.:Y>22!YW<*!FPZ%A8(:S&#+BZC!!*:#?0`K`U!X@@=HPM&.
MBNA4<?O#BE@0@QY8(0:)=*1*5\I2ZT&2/EZH`[AZH!*A>"`$QRI`"69RR@1L
MX0(G6.,`#U4G%FAE!0&H@`@NX(<2D"`$=:`6"2*@!O>8*0$;\P*=3F`$'4"I
M?TF384]RHIMU9.`,#'`'#:39APJ<09HM8(,4W`"!"P:`!)ALV$&UDD]\ZO.O
M?<5G7^T9Q<)"46I%^(,ZT>4!M^%M`R*)_T`)_+`G'+0OL48A6%!JDA(@K&`?
M;7`+%#(0R*2HB`5#:2P08G"""RRLI;"-K6P;ABBL)L!T):`IKV@B`19J<J,2
M0./.OE2"#K2@!40"00>89:8JD;&+][.&J(!0K-Y:PSTR/,$*!O,T'03@A#*R
MX?,PMH(6!,`/%8B"&0@P!@*TX`P;K$``HN`&-US0"%C(:X\*%H(R[O.O4&S3
M8`<KV'T^,<!MD-P)3D`L-'5QJC5LP05TF+(NI<0+>=.;WIB(87DR1T\,:(%R
M5]#8HLQ*);+*4I;X)M`*/"\#<YBMC&=,XZ?@P!DL>^*:%E6\#52CD^."!K%8
MH$NL6D$$':!2+?_"Y,4O@D!C(5#8SW@6B3AAAP1_2,!`%&8$(U@!N2W0P2V@
MM,8Z&1"^.H"`V*)P302XU;PT>)0;T."$/OCA#W\\J,&(DN<BY/G/>OZSG_\8
M8PGTEW)/S*>B"1Q%T3EZ.HNVZJ.EQH#4=:``L!1!!(JH+2X]\`PPDNSB`#O$
MQ27*%B$X01\*<&DX_`@+1HRUK$LP$"QLX:`;8+$7*J`#4*>TQL`.MHPC*<DZ
M#*1%LI1$*VL!RY?>0AM`_:(1"$7#B&1`B[1<%C02H#=H+*L$O`2"'\[X.0EC
M&`=&^($18'3`J_G!3$DS;P;8$,(QN$$!44!`'Q`0!2?4UPT^L(`4*/#_MC_G
M>BC%`[3"%T[H@O5`!*'RZZ(##$7]7..-6+!G/ENW1FN,+G\=8$`#?E;!*=AM
M)<KK@`CN1*QXNGS4D@D`TC(@@"XR``$Z",$*1,#SGO?<O-.&0P6RE.O&>D$$
M+]-!C(7-]*;#EL&2=`_^&@!O$.S\#$5J@#9O$0$CI$QE/8`#`2IP`2IEXPDE
MF`+?;,*KB<Y*8-IN@23M1X$3X,!7,UD<-;TJ,Q+T"03(94,,LM""'00<X`=8
M@P7<X`1[CV`'+R``&SJ@HLJ[A"A%4%&*+&^3S5N^\BPPM`C.]$3181L*IHO=
M-:Q1S)V@_IN-6/URNCF0$V2`3A0@``.0-Q/+_WN1LOE[HS6^E#^-%^#=#%@!
MJZ$``3A-IJF7`[#I_-"`"[2J[6H``@W\T,JE._W[X+_>F4IP@CK<[DE0`,'O
M4]T!=L#)#[@*P+@>48031"&I2H,A'&@0!7,=],0;%2N\(BMSP`;"L0*5PU%I
M,A-?PW>%P@<MTE#+@C=Q,`8[(`</P`,\\``O8`$CX`-R<`,8T`)]T`'ZM2,2
M0#P]4`$A0'LV\R6L5TS"=W&M%X,R&(/7(!`\`P)6EP$$X$E"T1(S42<R)#JV
M)GRT1T['YP>M0Q@7L`5F4P`]`%0A,#H%\$1&Y"8_HWF5<2P*<$"O%7YB.(81
MXR0A`'%-H@,ML`6?E?]*BS,%T$`"*U($6/`#>=0L]=<'+:!OGL('3;(&?_0[
MLL0VTH*'R^(%D5$"+7`L]I0W424!"$``#A@"7@0J&X4B4S`"&6`!&(`!#_``
M82`':_`"GV@#-N`$$+`F#+>*K*APU.(!2W`&-EB#?M!ZZ,%Z:T2+-HB#7H0#
M8:(#TT0`9R!W?X89E;$""(!DJR>#S/A&-T@"*X`%VX0&A%)".$")1S0=#-`&
M4T->^N!%=M<#:%``%V`%OT:&Z)B.5&%U`8`&+7![%"`"#&`%[L$LB[8%?&-4
M`E!5S@`$)\`[`4`#O,,'5?(`>7,N"8`SXO)$K6(X:'`F;Q!3@T4J?H8``G#_
M>P[49%:P`H3#1U"P`Q7@`QC`!#D``YVX`V$0!T(G!V'PA8RH<9!C3__T5_^D
M<0!U8*,6`%:`1LTX@[B(B[2HB[*79#UC/R!0``A07@JE3\WR#!4P!@*@&^Y6
MB[-8B[98`2B#`VC@=6*V8#K@'=-!3A1@!&V0>P@0`$:@;P@0`T"0?.>HCG`9
METJ!2EC@/QXC`F.`!><5D_54`CC@-G.``TU05?9T`FB`#P2@`#30`WX(`]TC
M')JS!9&P8).Q8!?``Z%"`'Y@.FV0)WE2`E`P!FCP,T&#'F^P!/3D`7Z@!#^P
M@0.0!R8I`QC``VO5``*P`VL@`/I$6#)Y3X`E8!H7_YR[N3@_@`!HM'I^QXQ6
M>4P_>7&UV&1KQ`ZXP`<B\%UIA@80$`&%13FR)`*.0@/'U0*\UGX]T7Y^AXM;
M$``K2`([@`:3XEX7P!7Z(#4XP`<<M#XU<P)55"?CUP*8)9<`&J!'D45"TT5,
M@@`=(`!\`)SYE%;:0WUQX`ST1`$O$`,R0@,^8`;FDP,\L`8^\``[X`9AX(F=
M.*)AL`,W\`*P9@$[`*('X`9K\`!RP(DWL`;OV$`EU`%.T`+XY`<:0``6$`8F
MZ0,V$`<*\`)<8P8C@`$[H)L`)5C!69.$=9-3.FI`\`1KT`:ZV),$>0$-Y%RR
M5TP]\Z7$E`T=H`.X@#(^`/\"`M`Y6.@!)U`&+V`&+&H&,5`!;.!E&#F%#E0E
M"[8%4I`%;Q`"/.`B+J(#;&`&6[,U9N!#"O`&<U``;#"%.N"E*O,S`O"?`KJI
M`@J!'6`$?M`!`?`&8T`";L!@,G584-`'5O!4"'`#4D-=);`".X``GL(&(^H#
M1@`"2"8"2P`!`;!>%U`!5F`EB-(!8_`S(A!7;%`!=<4&;/`$MVD!;S`DMU<!
M!+`#<,!/$8`$9I`#2+```Y`#)L`!:P`!<R4`>\`!,K`#,1`#7;`U!$`'94`#
M]DH#]8JO^6JO='"O_MJO7=`%_6JO0L`#3Y5D5$*9"Y9##=2P9*JP!\0E.)I#
M.J3_,BH7!QDP!E`U:B4@`0$P`"^@`+(Y!N]U`6%3/F=@!7$V-D;0`PLF!2I[
M`3L0)^^A!N1G*'NX@>=*`6I``@(0`^Z%`*PC#VSP`B7&J4@KEU(`)03P5#&P
M`@IP`FO0`/9".<*!`P+0`#71`GO08*`I!3>`IAT0*&B0`SO0!P_$D10@`%9@
M!NO%06:@$E"``5(@1"GB!4/@!"H27%$@!Q!P0C&``&L0`"-``T=T.1$```\P
M``"P`"8``$20`B_0!!;P`G"0`QIP`PZP!^OJ``NP``[@`!S``0`PNJ5KN@``
M`$B@`0"P!P,P`!HP`#)P`S(P`$K`NK,K`V7P/`[;N[[[_[O`V[LZL)':9`0V
MD`$C,!)]M1T"P`&!(@,R8`$"$``KT`=KH(<!(`!A8`8@X`8O`"4-X%YFT`!*
M4(7NT5E95FD50`/KA04]FYLYX`86D#(4@*TW@%I)F[_JJ!L]T`0KV#4Y``(V
ML`*Q=PT4@`1*T'XQ,`#>L4DE@``PX#%PL`,94`$OL`<:,`)R@`8XH`-A(`(C
ML`<*``<6<`.M2@(8$`5W(C+G<@`*(`$)P``/]W@F.:-O0`%KT`2BTC$+$`8+
M8`,O4*Z.`7DM*0=F``,PD`-=QD%,G%0Y\<3;Q08GI&16MP(EP6RV,#-A\`2B
MXS$ZD#$;V;`ZX(`.6S1B?`9\-__&5FP%*7M(5E`!<!P`%C``%;`#911KH@,!
M=.P#.2`#81`&/$``?1`&3F`$;J`$-R``4J`#-]`'&#,&`>`&5B`#5Q-/F($9
M?,0^.H!?=8`%0#H`>_`"+X"B`L`&&K`W^IO*8V@&(K8&&4`#2`P`3P`#&LH'
M_=-^5@``-J#(([``^V&5$,`!43`&,%#"&``#&N``)J`!4=``<,`$`F`!#C"C
M:!"D(L8!,!#-'!`'HV<#,C!R*R`D!&`&35"X<%P!-V`!LO-&#;``;@``$T`$
M$^``*>``&@#$<?``"_`!'$";;OO/`M`';'!(AV1>0"L`[P5J?6`$4D`#&[D"
M/>%5%-#_!&4P1KW6QH?T9(>$,2"`D0WD(E8'`@0]T@1=`>(YJGU``P2P!PY@
M`7L0`[+G!T.P`&S@!J-K`TS*>#>PP0=`NU$`!Q!@`WWPQ18`!Y*\`#(D"?H!
M57[P`U97OU'`!PV*`P%P`"-PK@'0`62P`'2CRE[]?;L,`B\``D<L!QQ``TBP
M`UF]K%[V!JNK!#+``2FP,W87`68P`8OK`#O@`#X@`-'LN3:`!WLP`9^;`CD`
MR&'``1``!_9\``#@`D3``RL``$S`5FFI06C)Q.HJ!'XG"0U@`KV,`I"M(!\`
M`!A@!@IP`&GA`#S0!VC@H7)@`S?``R[L!DTP!A"@>#9@Q")F_PZ6HBGK%B-%
ML@+8N4(JP\8F?4AP?$A)PZL\^,8F[58D;=(!,-!G8`1O\`92P&9!;0(H$*XM
M('M88`%$@`%*D`(I\+FC:P(F\+I(``"A>P,9/!BT*@!Q$``.H`,[P0A00`(Q
M,`*9D@.*I\X)0`=-T`4^\P-F<`!R$`<P,`%3L&=?/>'`M@,$``([8`4"8`,^
MK``+\`!M:[L`8+DWH`0<$!<3L$(+U@$C\`$VL``HH+E(RA4WX-U?,0-RX0(.
M\`!(8`)$4*Y$,`!.H`$I8`+4NKG8/;UL$``_`%?KFP<H@`'K8$PK\-TH$,\?
M\`'P\`$F<`/@(`,34+ILX`0[D`-*$/^YI)NZI5NZGDL$-H`&`DD`]64!!X`&
MC9HI%L`#[@IN6G=(1J"'\D6L5G![+Y*G8$,`ZT;0;$R"T@2M3;[=.<`!&N`"
M,Z`"1<X&R(D#98#>$]#I$X#>*?#IH+L``&`"*L`!(\"#6&<!9F`#;$`$")`_
M+,`Z.'#5?M`##V#:(V`-`\`!#K`&LWD`0[`#&F`"5P`%WD?ARCY;-V`#%F#:
M>9`"GO'IF8L$$^#C>Y`#.8``.9`"&&`'.(`-QA0'8C``,"[7.W``1D""DYX$
M[O[N,X`"\KP:X0$`#/X"=&4&*7#6BLI6_I[=3%#>(4"))R`"1+#/!R\>_:`'
M?#$"*1`%2`#_RAC``0LP`2A@`!;0Q-7-!E9@!`1@``X`NWL0KNK-!'EP`SGP
M`#Y01T)$?BLPC'T@!<WJ5G!\K0*`!H\G!SL`X-:MW.;@[]74MRD@!@H2[S>P
M`.?UG,MXB\LH>RV0`C?P(T"Z`$,P`(Q-`=J#!CQ@`S_P`KPF`F8P`'+0`CB0
M!0#0``^0K6_0FC#^`3-0``>W['(/6S2@`@H?%F)!!"'/`=FZ`DI``$B`!#H0
M!QQ`6>V7`2'`!Q9@`"C@&2FP!QA@`4X@`&^P`.\.&N]^ZCLP`S\N!AP@HR_@
M`VC0!)_>SWZ-06B0^JH_`!\0!.QP"VR@`@Y`!"H@!L%P^QS`TDRP_P!!;@0D
MD`%1(-M)H,(U5$,R!+X&0``^@:=]\`9+-3M#U#HZ(RT)P`<@X-L'0`#?Y?$:
ME#5RT(D8\,>X.78$S>C^;D%C8-9NGP3R/``I0`?+N8S.*'RW*(,D\`,H8`,=
M``(/``@:3@``&@0+)!M-.WYP#W%L)R$"(SP=164W838(-Q5&+TP">!-0?Z>H
MJ:JKK*VNK["QLK.TM;:WN+FZN`0J8@9)26+"6EL"2`TR#4AO50XG$!R2.B04
M/2<O!F(S,T03*!/A$[_`Y4G`*#LJP#,F'"C@WRA7,Q_P]_@H1"A,(0T]/2I<
M43'O@YX:"`UH"+`#QJ\4;(`\8&+"09(H`/\S4B!!XD*&)!V@8.D`HD6&$P48
M,``B`0@+"24DJ/$`906E'6%V*!@31\X..3XQ"`T3!D-.!7V,L#'2IZG3I@(4
MO+"0)X6>JP9<T/'#AP]7KU_#^AD;EL0/%%]B^&A0@D2."0,([#'#P`>--CAX
MO,FS!TD8"CZPU'&3P\&"!4-T*+BQ1P`,(J9V29Y,N;+ERY@STUJ@8H:V<P;T
M3(`QP(2&%!S@+N"@PPF'!AM)``S!HUU%$X</.TA!SH#OW^R&!1-#+DD*`$2(
M`.```(D&#3*82&>BQ`01&13\G0A0S\2,=37T@-'#G,,`!\J1W&C084P*`S]"
MR)??@4*'$"N2D%#_N45'"Q$ZA!`!`QXD4(<717CA@1HE-.#&#D()]4)1#ZSA
M!@]$#14A!CR@(0`"21G10@MO-`6'&6CPL,,#87Q@!`T!B-#`C#36:..,%]1(
M`1LFK+'#"@5`08$,QYGA``!EO(#$#SSL@0,%+<1P`A8V(-C7`S14X$<+/`!@
M@@!"J("%9F26:>:9:*89BQ+0.:`$`%=\8``1AB$QP`(`#!"'&P)DX`8'/70@
M:`<7],"#&#)@2-0++\B!P0M7`"<I`#($09T&U+&IP@($3)""&4X(T$<%&>BH
M@P\IR"#H!1UPET(*X"0AGAXN'(9!"@N@X(`+&C!P01\<)$&!C1V0(%]^_UN4
M$$$'(I08``@ZG,`1#GX44(`?)(!@1E$1$O4`!CLP"F&&&PIE@0("&%&!"&><
MT4(`?4A!``1.K-$3$1UD8.R-_/8[XP\IW##`!5C@$((&1Q[CPPXQY*#$#01P
M%0$)-?$P!Q8O9-##&%'`X0,&-Z0@1PX?;*'FR2BGK/+*K#B`@0(`2"'%#1-<
MH<$+'UQA`JYV*O$`"`($0P0%&5!P`38&+*#B&@HX(<>W+Y@@Z6]$L%%LCC5>
M4)$1KSIQ@!LP:DS"$@/D,&,<00A*0@,(S)"""K)JHT<2$YC@)0!BZ('"#3$C
M`,`Y-W;0P`D-@)"$'R=44`$;/[#15`5GB``""/\-M""``%'P$.$+3HQQ@!R:
M#T44N>6&80$!;%R`0P<996#%#V9(]4(<'^0HJ+^XT]A##!,X,(`.(@#(P1X`
M-&%('-AFT$(%.M!XPA$B_$&!&R+LX<#.Q^VPP&YBX,#R]^"'+WXN`-P0!P!O
M$/`."B9,T!DX)NS<NP`B"*#!!Q2<H,,%%&#@P@0Y<,-.^F"&.!A%!BZ86A(P
M,*SLV$AK#HC"-\#%N2BPH52.DD$&=!`'&>1H;6U+@9ST8(`9#,0>.=@###SC
MJ0]\`&YB6,.P;D2X"NAG!8[K`[R:TH)VG0$$%8A"N8QB`3BPP0P0,DI1)B0Z
M;AE%*".(01N@0!8^G*#_`U9`@`(L%`<B^($]@LL=[B[`NP4@00<!,A(,BF<(
M'D"A`4SI0PMFM((*>$("(C`"$C@@@QS((#4VL$`83'`%DXWOD(A,9/@$Z(,]
MQ$`'-M@#!YQ`A&!<@7UU@X<"HA"`&WR`=82B0!Q4D`(8\(``GT#`@Z:RATC]
M)@E,:`"K>D!#U#0A.3G(01A\@$H09``.JSF;!XO%-K?ES`3"(&'OKK<'#=!I
M`7LH2!)4$$8;^<.&6`":!:*SAG@)`%I`?(,-X@<K$S!A!V/HPP^B,*X(\8!%
M&'C`M[HE(0*0H`V(.\%8>K""/CB!`'!PPP=$9<3FB;%?%`C`!&Z`!!\8P0("
M_[/`)&5`@#A$(`,$^%``FL<&`B`A`VI0@!SV8(/G*($)N+I!KF9``46Z]*4P
M)1/G"'"#?N;*`<%K3A448`8"2.$!*."`!AY@@T\62U`6$,,"G`"!%6!!!S$@
M@`)\L`8"1,$$_YL!$NA3K!G2J`/'$0`*/L`!#L`@#&@P@BR91;D&\$`)_`.A
MVR;@@@2Z``P&J),&E,`!%7`@"FBPP0M2X``#>!5'_NC!1RY@`PY@#S<O:`$-
M)-=)3U%*"0N`BQMT2``?Q`&>0WD`#[ZF(7#%(0QKJ(!]BH6X!NB@`@&(K1'H
ML8TK0."@_E(H;H9J!MJ\``!."`-/*"``'JS!##JL`/\!_N0'%NQ@!S)8`VGV
MZH`)`("P'V!`3+?+W>[6P@9N"(`20-`')N@J`R6(P@K8,\,GV.T&-^#`)WL0
M@AY<X`5)D$$%2.`%%F3+GTYP0Q1H<"L.V,QH)#CJC>(G`R+,``6$7<`(S@`;
M]LXH!QJXP`7DFH)*SDT%8$@"!^1`&`7(B0-HP$`/<&`&#;#T@8+KP`H,D(,\
MY4$#,$""`SAP@'09`0,[OH%1<J#2!<0A*7T0@!M\4)0P/$`.%@JP#WSP@C4<
MH*=K&`$$4%FTCLQ(!QD(\QFVAX+'#`&W_+K`#S[@`!F\0`18*((/AK"'*+R@
MN"M8`[@.T(<H"&`,.>!``D+_D`,>#$``8;@!CI$`3=)\(#+>C;2D(WT#.X!`
M!O6[DPHL(`(?E.H?(=`!&Q:`+A"03'`AH``%7C"#-62``6J``K,"8`8:-&T,
M%D!/?@M5'\+]`S:!VMD>)C`#:`(`!7E@`P40AX-J-```>R@6"70`AV)_(`GT
M^(`8K@``/+"@#GYPP!7V0(,?C"`+%MC!%0`RHQFR2L8&&$`>!B"#HL``!M!$
M`P+B<*0<Y,$&.6`"!@"P@,WJ$`%14(!0=K`GGEI5@&Y`K@[-$(6*TR`&V:'E
MC6!0UA68P`TVRD`U99DCK`4JC&>9@`8&8`,;!"`'<(`!#=SP4Q"L(2<OZ(,"
MFO:<_R((P`<(6`@$7H"!&L?A!0?0@@H@/>FF.SV1,!C#&3``VS%(8:&F.VP#
M8C"7/K#A!?B2)7LL,`,"A(`$$;A`2>`E!0N,(`Y*0($6QJ&/#[C@"D1007)<
M*"<E=$#<>R02$E;0`3\,Z`0G`,$"-/"/:["A'2ZD*PJR@@0+&/H-?E."`(KP
M!A]``*S`&$XPA!&,&40R#S`0B@WXEH(7H,&DN<QE'H",!`2(Z`R*0\#E!$``
M&M``1'WP/0VD$(`>[O!QG^87&B:@G`^,H$;7\`$WN$&<&;A@!MN8/G$6&.C4
M>&,%.\C`"`1P@PP<P'0O\,$8PO#O`R3`#`)H``8XH``XH/]ACR*@@0QD<(4Q
M/?W_`/@]3O`L>;`"+:8!)K`$0$`J-A(#`+`#;E=4810"'4!V*T`MM!1F(&`%
M]6-`"%A=V"<,U7<%[G-W.M,$*X`>/L`$&`8`;-`#)0`%#-!:2.!WK%,Y'W``
M6$5"8H!7WI`#!X`!EP8#;U``"=`&";`%?,`!=A`\.M`!&+`'6-``A]9(S60#
M,G`#,,`$$S`"<F$&9I`#`R!D,"`##K`&P0,"/G0&5N`NL?6&;WA[ZZ6&L+4N
M!A5R*Q``&#`!$#`!9T8C&P8#'_`%<.!,>9<J\"4'%F`!/O``4;`L%+`_#:`;
M.H8$)J`$`U`(UG,##_`!)H`$0H#_!'NP`S<`#Y[(`0N@!+N!?884@*[XBF=R
M`U*P`CD``@20`T`F`BQ@!7<X+!6P`$:Q`P/P2>]F*#.P!%``!1$0`10``DDB
M6`^00D1@'5>0`LVD`4@@0D&E`7&P`P>P!F(X`P[`:$1@1@,``QJ``80B`HM7
M7ZS"!D1@!X0T`^(Q'GH@!L?A!AE0!1C@!"'0`D<P!*-51&@0!,N!`@OP!PG@
M"58@!P.@`7F`89OP*4^``:E#`!8`+CL``$Q0`:[5`)*SAB(YDA36`,H3`.UR
MAZZU`I/#AG`@`PM0`2GPAS,2*'O8`!XP<'(```Y@!>W&$04P,1P1`5,4`1P0
M!,_!:#RY_P">B!LZ=G<.0!$<UV:X@AJ6R)1$X`(%`(M<V967@00$<`$[L#A.
MH``F$`!J$`,:%T:_&"%(\$E7E!V0$@<DD``GX!%Q``-.\`!W,@![0$KQ,P$^
M``=&``,I$#\F\`+_,"Q*0%>75!$#X"D3\`$#0$M28$[68#0!\`$\X``H```&
M@!!@``;=,&)Q@`0VH"?XECDY4543P`%,<&Q_``08T`!30`)-(`=,P(D^T`0.
M@``=\`(T4"SO(E4#$`"$DB.^I(8D29(S`@)+<0;)]YS,Z2X0L`<FL`,H`'*`
MJ`/^LP==8"<"$&CK)4M&,SC28BT%T"!Y4"H<R`,MD`,C<(E*,/\"-68"*-`$
M'6`#;(`!&L`&-R``-K`#Y+<<`T`$)."5"KJ@N"`#-."=`4`#WY("9.`!?:`Q
M&G<!5K``W/*6744!?&`!$_`"%0`%#S`!*M0'JF8&G_B6)I`#.Y`"/&`$9\`<
M2F`#"Z!!)'`"/0``,Z`$>;`#/W`"!O0$PX@%)7`";H`",D!+5U0!+M`^)O`!
M8(`0X3$`LE0J6B`'4=<!9<`$-O`#"7`**4`'#6`''[`!"3`")W`*#?(#/_`&
MHC9X'6`&-V`&BO$`06`#82DHA#,Y5M"&[1*H:TBH/S0CKA,Y*MD`<\B&(H`&
M4\H9-+E6-D""0<4!JR<`Y4F!)MD`?(#_3WXPA1K``2(P0R-0`6'@!`OP`C)@
MB?*V`'#0`.BX``,@BD@T`@@@!V[R`"JPE0SZJ\#J"GLC`'F@.+^'4P6P`-FI
M`0O`B<?&`R\P`G!2!AYR.8RV`\\W`7I@6SW0/`1P/1J@`O&363)G!`YP`R.#
M!``0?T!0`!I0'"&8!#,@*THP!1?`&4S8!$=@!T)0;"9D`%5:`Z-)5F6E#WM`
M!&)05]9W=RIP?670`0C0&U.S`%"P!>>RHQ1@!G?"!`\0JPE67Q2(>R0IJ.S"
MAFUEDFS8+RPI`L67!]Z``42`!S=R`YOR`0"`G'=X=F'4`V3A!V5023.P`CFB
M`V9@!680`&ZP_P;R)0;B=@5XP@%W9P)*U0=E@``9H`#T=P0?X'_!VK5=BP)(
M8`8V``=18`%XX`!LD*RE9#VZDBMH@`:^HZR'D1P+T`0."@4Q8`%[X&JZ-P8+
MD`)O&:4<<)A,D`$(&`>-%0<WL`-L$`)[H`=[8`>7XV=1``%1,`(ST!>79'<3
M8!R?*5;<$+!7@0(\``-QX!DN\`%"X*>"$Y<44`#WP1Z!DC^!<@)`U0.F=$6T
MA@9R6GA^P#H)1BB,BI*QU2Z^5"/2:2,Z<+PW4B@FJ;%_BP)RL)TZT@,8H`):
MP!@MX`\9,#D&I0,KT`-\<"U\0`$5(`4+\`.34RI^D#\)=@%YV`"P)?\"=20"
M)D$#T#(XH6H&))8"VN6U`/RKE&(&>X`Z:&`D/^`'@ZMH.`HK*B!OJ05FI:I+
M':`#-W`),B$"-E`!9C@/1)`"S)<<*+`'"]`%1\`8`/``>"!P-%```Z`'3'`!
MG%H?]=$"3IM9'P",$.`B3.!V^^``V$="GKA_,G!MR9$&U6!?LQ&7@I)JB'<"
MPW)%6G`%2F`&6;`"-K`;[A`&`4!R_%,T4`P"*W`&Q1LY++D"I6)0A:)Q_A(M
M%'``S?0"@\L#*#"IK'(K5[L'+:!8D1,Y)PNB,X@%!>`/`X``@)H!0@L;'E$X
M:"1F)2$C+0`",M(!?(`%%-`ECQ;`FJR@T+3_!@!@!C^P`U]@`@GL6`N#`3#P
M)B8@!3XY([]+`1#@<DU@`0%0!4%@RZ@Q#]S0&3,0#KY`#\FQ=R^4!"Z@%!R@
M$()"2WYJ-$TP`@M0!29@!Q%`!T0`!#2P>GGG&[Z`C^8Q`@CCB8/H58,2`D]2
M'X-C#33<`Q1P!T0@`M/V%KVCK`[P`EW<`$V@!3L0!3'`.FKG0_E[(_G36K@3
M+32P>&/@S"E@`76<-1&``28@`@H0%^`+(/X\(_HT@R6`!1&0!3(0`((JQI/C
MA!L89D\8`^RR`JTL<@03`EM``GB``DRWR3(-@"QW`$@P!KCF`PY`!P4@2320
M(A80!3=@`C20O!V`_P4LS6(O0``X`+,\H`4/\%S?@HLP,-0?[&`*L">+.&<^
MP(AZ$`8/D@0`<`VRD7&$(CA!(`0+``/"2`1A`*TY@`)Y\QF6-`$+L`9R,E86
M`$;)>1_TU6L=P3KU)0E?,`&#(P.ZTDPPD`>.=6</\+>$^[&"@T;]0LE>P0<)
MUB_\`P):B#DZ;0(B.JDS\@`FT`(6@`3Q![ZNU;W-0\G6X@<X4`"$(P,QT`)L
MH`.H5'\8``%4H&]C(``!D"ZB8CDQ(`"PU0<A$`"BY$PQ/=/./6E[()_%XP3Q
M-`%-P``#9WE`\0*,+4>$=W8D4"TRB`,,$`0FT`$\JFK\@S4=$`<(Z3[U9?\?
M:S,L@F(`4[`!4"`&C`=J\=UN%%`%L.)"WJ`"0[P`GC$U!J`"?VD`^C`$Z*W(
M@KV6#30C@I(!AOD!%>`#J[$'#SE40PT`>>``2>D`#@`'@O+*6H<CX<T'."#(
M"9;B)AD`&B`%?Z:T*3`"UCTL&0&%$Z``S%H&J<8_PDM+Y(P#U!+;?-`#-U!\
MON0#XF0!+TH`&/!Z.T`#/!`%,.!Y$/`&#]`"(W```0`#4K#;I?#<9MYT)C``
M<```4>#)2N")#<`$AS&NJ$@G+;`".K`1L5T`=5``.%`'6F`"#="^(T?A[IU9
M*M`#.[HV-F(`0+`!#*#?N?,$\B0$7_`%&"`$3)#_!)X(&@JT8[VC`FE0*/S3
M`/XP1B00`"[``08T`B\PJJ(X5!@VKB^P!UK(`19`SOC4%3N::LY#`N1=`MB"
MV5:D<:<N`C$PX^RDM";@`S'+3PF6YS=0*]9E!CT0`&S`!HMC?&R`YXJ5`170
M`A"@`0C`A@'`:>!UB7#0CS*P`V_``U(`<Y?#!@_PJ#Y@!3#0`F;`.\U]YO[^
M4G+@!"#`!%'09V^`&AIJ!`0P+V-@!B-P'A6`QA2P!5/@`2S@`1Z@(%KP#*QR
M(_9%QYZI`AL&XP90`G/@!3.PW_ZR*E`LV#\@!AR0`ZZ$X/N0!"C@`@\@.`G&
MQOX2*$<@!A?@ZC@@!:/*_^&S5Q3X^=@+ZP)ZMP_ZX/1UYT($O@]$X$)/#V&X
M<3VO(@!5;!-N<!Y*0.#?H%33]!TP*0!RD)I]@03J6E;#HT*IV1S**@!6`)U5
MMGA@*\=KY!<:P`-(P`,^`0$R8`8\8`,P\_``\`$D,`<;\.^._U)*X`86W%-A
M,%A-8`W&0H$K$`(>\02N%0,Y-@"6(ATR``!U8^J9#7T-\`+6E3/FS"^._@<H
MK_*5/2CNVP,O3ZL'CN!UI0=V5P6J)AN^ACN"8@8S8`$V$`,70'ZBJ`09$@:F
MOP;[0`@#4/V9H@1!H`3:O_U*(`-54`7RA)1,4`4#V@1@"(8C$(^!907*Q7$`
M$/\$4O`$/,(-"(`'#W`D4"``$+*X*@((.SL.#CL^%A8O&#=["P05%2*+*1P?
M#AHF``L+>PY[)AI,`SL+.0,+-R8R)BD?$7,;?[*SM+6VM[BYNKN\O;Z_P,'"
MP\3%P3(^(#8(1E%'*7A8$1U0."%8?GP4#20931,Z(1<]Y"0]%!0=)R<-[>[C
M/!,<5S,=(1T7%^[M!D!_7C,T[!O8X$(';@U"]#AQ`8X8(BB2&)A(D>*5!2E,
M7/D@Y>`%$@0)7@AAQ04',U($O-#`8<\-####V)B@`063`$8JK#`8P@\)/GQ\
M*FS7H<//#!KRV``!LD$'GWY6I!!`(HJ,)E(T3)@`@P#_`2EX`.18$B`'#Q(*
M8$A900%$.Q(X$*!IP+!!A@I&G`P0<,;*F3ALE*QQ$,<(#P%!?/1Y(2#'&P%F
MV-SX,8+'&1AF1K!)`65#+&.@0XL>3;JTZ=.]?$CIT97`BP,F!#")<P&''P90
M@&`A$<*<F0GV+E`X@0[="7SG!E*XX$8>"A?Y>HP<V.]?P)#[I-L[H;###S$`
MXERI2-Y!"B(.DH#!<**'T6W8B898<<6'`B5A'BB"@2$,3`LP[*'$!S;T%8-[
M%&23#0G$H=-.3T")```4&-B!A0X%I5-`#Q.444`!(L@APP0[K)$'!B_8\`(B
M%OAPP`H"W,#&"C0>Y%0/=/60_P$^%XA@A!0P0-!""W])<@!A<-A@A@P8"*"D
M$F9`,`(!-[Q1V64$\$"'"0S`@MJ78(8IYIADZ@+#`1U4`$(%;@C@@!E[R'`"
M`PQLP4`"=4#AAS5'`$?"<"2`5-2?1*E3T`DD&(1>*^F,U`&.'5#0@P&=01'0
MH`85A4]1VHR3#C=&B$&)`7J0-U$2`,R@AQBE3C1"I#SEHP\YLEYP@A57!+!&
M#A:XH8`;/@CRP`AP</"`$32=<8$./6SAQ[.V`24=H@SV0$(!%.S!`0!&Z&.$
M#B\`,()4-!20P!0%Q(`!!QQHH,$`3%220AYY`(#$'@*(L$([^A3$[T`BX'6#
M`'VP$?_`&QF\T4(<!`0``0(*F/&#&00XT8<1CY@!`@(T@!!%"S+4U-EG999L
M\LDHISS+&`0T2H`2.:2PQ@`YA`#%G0GD7,?.6Y2!PC;W;&>/M0=%^FBFXKB0
MT16\%77.-@<9@,4&`,GPIWO$B0.2>_;X`74'`22A0@IBB&'J#":,D,(5#J!`
MQ`X3/&!441_Q84\((?!QG#T-?%!!'V-(P48+1M!```UF*,"(`"U\(`,;(.AP
MQ`=$5&XY1!.@@,)6F:/02MDNN####`O(\,,-.J1``Q9UM-%&!!3H0$($XES`
MAA9F1)#H"B!DD$%\!&5P1@`#%RQ"#WPHI`/O`;1@!0@!0S+_N$Z1KZ!#!QLS
M\0(*4'BI\O?@AR]^,!8(8&T`*=B+!`T^C($#%.:60&<!6.!P`@U$?)%&&HA\
M(83_7["`$(0@P/T1\`O^0\\$7(#``@I'"@,TP`]N<P43[$\+"/0?`;4@!/Y9
M8`@62$,'JS"#"0#``&*02*N2D`0BE`$`5TA!"B8@AQ2H8`(RG&$.3<!#'FZ"
M75?`0P/.``(0G(%(*Z@``G8`@RBP@0T38(((,G`!):#@`5C,X@,P*`0M9+&+
M6]2"&+UXGB9@)@.J*T$"_("-0&'A9@6`"A3RI+=`]:L!.LCC/M31+QVL:6`M
MB$11&L"6)"9Q2)"(Q!N>R(8,Z$L$_[VSPAJTP*7Q6?*2F!0?#`30@0@@8`(G
M\%TZ<%`"*$"A!/3[$`[T1@$'E"V%+%1AJ?1`RUJ2QQ)DHR48P*"'+W3`!"B\
M@@40(`(4D&J7>M@E&"8BAAG$DE2M,L`54,#+5O&2(B54U0Q<D`03M`T%/"0$
M*THG@U,`X`$'4,`8G,"!-9A!`#00@#S-8`%['0">!$"!$D"P@A#(8`%X"ZA`
MUZ&/@TCJ(/>PVP!0H`T&I(X&=U+0LR;*!P:TH02DQ,9$ZZ(#OYSA=PU`4#O\
MV)<;$,`O(J``#G20@2)&(I!L,(+"##:D%A1Q!5/<40#V,($M9/*G0`WJEY9P
M#2Q0@`@TB/]`/I[ROC848&=U8,"S^%`!&RS`;2I0`1$^)X:LJN`#$W##"!Z0
M@T9X#@``F"$1Q!"Z([12`S9P%P9X``.-?,"K*-C(#1+B!AL@007T6```.+"`
M#Y`J"?H$P+LF(!%>)L$%5[A"YDPX``W(0`:#E<$+>+"2I"CA!7$8`1(TL`!V
M.:"'*?"$O>#Z`24(;P5*6("-W&$4<_1K'10(E&W)\88)K!0'2Y@``?8DT6S$
ML0`E:)VY;#-1/W1`!V>(;G3WU0Y'BL"C5KB!%**K`R-T``Z&$4``"&`$,Z`!
M`4X0@!L"0(,H!&`,1H!,`]Q0D"I\H`!"S:]^]PN,)AV'!%4P`1/_@A``-B"@
M`DOX`01H8#@[H*$)%N!`"C!0AB9`P`P^R"H`1O0`(K1P"0,0PA"^\`$]?"`'
M,%!"30P`!A9R4P9?J$(.MK@#GB+!`5O5!"6@4(0E<$`)$VC;'F3X`8D,@`"0
M#(,`3M"$%*A'#RI8P%:(<-?4J@\)`*!9$(*P!RQSXETJKFS(D,"N;9$9"5A6
M`0`L$`8T:`L^`\%1`SX5TCMJ9P5$R,!.*H`",[RA"D&(0PP8--$W)N"B4(C`
M<2A`Q0NLX`P5:)YT1=`7@[W!"$:(@0ULNB\!J"O"+R!`'IS`!!N$X08/&(`<
M#K`#`F``#E$8@0@>\`0",&$&^.6OKG>]_VLYF&$Y#0B``R:@`@<,%@`\Q*$,
M.;>Y&SSA!P3H`WNOH(('C&$!:"`;$6R@@C20H04.,``1,)!>4J-`!=2L@0'*
MP`8:O($9>5D`(?*0`HPL``FR'H$)%,`2&42!!WMP@0$<4,0BAL$)&8#!`)YA
M8@XD>P(?0,$E;@`#&>SA`6M8R0)8X0#"EG9;,'C!%V#`!+02%@DV8(()Q.``
MF)!B`7(&'O!`0`0\!OL#-F3A#(@0A+SYX4-;F`(+,,H.$%@AD8DL6`4^:L0C
M]J$/#`[`"V*0`0PIH`4[B`('XM"'33(!!G((N09>L`8E8V8$:!`!#%I0ABI<
MP:>\CKO<?QH&&?\0-B,9R:KF5#"#B*=`<X#WW&DIA_?1159I'PB="I)`.2)`
M7'2.YQS$P5`#,&PNM838UF!+VS:P^C`C[$)VYATP@``TS_1A,$,&2KT$+'`@
M"HR`80Q5X((%",`'FR-`"W+@<!2(X0-2=H$)3C$!-+0!(WL8`!&N<(,E:<4!
M.>A/:6<K<^R(H.8AK8#`R9,$&YS@C6VH`Q:P4``^K*`%;WBZ^OO`L1^PH0*!
MA/20H.[G32^O!VM80[M0`(!P/6`3=D=:,E!R#^``-J`$,+`&_6<#'.`"4#!W
M$!B!X#,``.``*/<_48`&(O<%>!!`*R($+Q""&S@$(V`!7S`$>*``3=#_!"`X
M`@<P`A#`,D=P!`(`!_`4`'00:3%0`3'0!TR@!^K6`M:##HY61%80`R)P`4<'
M"1@B`H$4"2"P'%671-+3`AB@`%9`6AA@!`"``?<2;@:P>&#@`CD``*OR`AP`
M$2H@!BWV`:RB-`*7`A"@*CA'*B:0`TA@!D1@`C%!6-4G<S27$"%@`:;"3!1`
M)U[0!CC@!0S0`U(P!E&P?D\G!6;P=.EW:9>8.'JA`0101#W@@@LP`!.`!&B(
M`0`@("WQ8S>`<@OP`C"0`R.@!#[P`D&@`@P@@;B8BV3"&'@4`L>A+\/3`C-R
M!OIB=-(U)-,S."OP?F]0`>]G!(\&:<YH!:9G_W1^5'7NT0`P0'D&T`+,4G!K
M`G].B$@S8@3-DP%L@%W3<P;I"`EG@`$C4`$RX`8;$`3M8@,#(`.0M0HSP`$M
M<`2>X`.6M0=#I@(FL`<;L0"8@`)2X`5DXP++-P-[@`%[4`'I`P%.,`:$!6=_
M2!`!4'/BD`*%.!$\P`(1D"]JD#,A$`!F$`4N^9)14(G2AA,Y\3>PM@-$@$(8
M(`56T``C8`0W$`<_A@;-IP$PX`-*L`/:,P*,D0,$8`%K(`(O\`-CH`4.J(M8
MF96EL0,"$#GN`$D[:%V\@R%K$EU/*#V0\P1'A!>1]@;-`PGF&`!6<!<KH&=X
MM!Q5`(0&4`$L%3F0U/\\+2`"BU0!Z8<`C(03IN<7S6AZ:UD!&2`#(P`"2J``
M15!:>V!9%`D`2I`'I\4#%0`9`!`%-M`(/_17JB`#,-`$)"``6W%:$"<#-68#
M1'`#_!0"5;``'-F1^U`!>;80AC621)!6E(,$0P`$^'!=5G!=,;"<>/&6UM,`
M($`P+6`&-L!-5^`&;."30'(``'`#:V`#LF$#:X`!.W`#G/4"8R`#`B`'+U`!
M.1``48`!5ZF5]%F?PF!3;C%2+44COM,'*Q``(,`&[(<`"*`P<,`&"@`'Y-4'
M4O`&AT->4="@"!``<"`%CS`\RP@";T`CKJ&79Q`#+>!(8S!>!>IN`D``$.#_
MH`@`=0C@!@SV;A#Z!49`.#AQ0S_`!&O0`?9"D)6%`3E@:G8'`,W#!F_""/?6
M97L`3J'0GD<P`-O29168`C>@`#F@`C#@%%Z0!K*EFR%Q!D10EQ>0DR.Y`&;P
M!0-`D"I`;XIE62'#HTB:?#D0IS*0`GM@"AI`;0Y``XXI7F:``&LP!HCS!@HP
M`C2`!@*`!E&P3GTP`E*@`&EG!B!J`2KP@/99J9::"[PC9_GP/$84.7+0!`R#
M:CM@`_SA!!@P!DCPBB/@`P\@`#L`($,`CR.0`Q``$TP@`$ZP!BHA`,EW`POP
M!7H)`CR`!B,``PLP`O-H`<,Z@*%I`W*P*P<PD6%P_P`6L`-"^0%KT`*FUP2E
M8@&?%3-G&B<:$'T_B@$PP`%.L#QD:J0$29!7E0=,`*BP*0?M.H`.L`!CT`(H
ML%<=H`9:&@)<ZI$?0",KP`$C:0!.("GN40$?0`!"0``Q4&`!($\4"P$7!AD7
M!@&.2@#4:FUEZ4@QX%(TPD_G1R0@4&!KJ:T!4`%V047?<(N7&K,R&P(4`!2!
M<A#0TP,%P``/T`1K(`44"`-!<%D6D`<*T'%B0591`%<7IP$`(`]1<)DG80<'
MD!4$L`==A0+<JFX5P%E7X`(.H(`6$`<#X`D/``!LD`=:4*P"L`!*2U<\(&4X
MU6X64"H/P`1-$`,P<"\#`/\3^!$&_A$&>;`&%"`A:^"N[4J0;=,D`)`,HTF0
M)Q(&'(`$Z),#'5``$O"O`0LP1`!_4K`&$F$J*1`!TO$1UX<#$@`$1<`"A[9*
M)(`/[F`M=K,-M.,'3@$)SG,7B72R1@!I,_)$*]L'UR5=[_=1-#("1$"I,KN\
M]FDHCU(!/=D`"#`$OG**"Z`$5Z`'FT,Y*(!S6;417W5N>D<$*A"&$$<Y@B58
M1)"&:;8`I&(`%6@"&S=[$A<1/+2^F9<^N+1Q1*8"&M`$41!?HE,%\_@'(=`N
M`V`#.0"X*':%<1`$)+`"#O``!'F*[?HN\AL'M_H$%'F9_:%.,N`$+><'W:.E
M,;?_N0W`FP$@!0#RM15!.DM@*URC`Q^@`$<`!_%D!ROX`#9@KIHPN10X6!:(
M9G:P`CVP$PT0,"XEC)!C>B%+1/SD:!=0=4;GA-`S!"@`L\R[Q5E)`69@`LK&
M"AP@!W#0`F1`!Q.+!J*X<?>Z">:10\RV.:SP`3.P.:W)!#>05A.PAVUS!6+`
M-J)SKZ?%"FYS"BKP`D(0!`\0!!27%*=X+]K"0_5VKQI``PO@`@?H!G\`!7;W
MBCU\`WF`3D9P`$@@`B,PKI#<KOGH+O?Z`"#Z`C=P`SW\`#3`!F.P`RF@!3B`
M!0D@!!QP1RC,!IWK&C)P$8R%`AR0!BOP)_CP*022`T*P_T4CL`0K0`9=8`&>
MPSF:X*0F@`0N,(I+YQ[200!LX$X/D%Z$:@$'`)_JQ08GVA!68`9.8"6(@P%7
MH+Q<G,\2F,(R1E8/D#8=T`<ZP,L)@`478`$3>0-Q2JXY0'%QJL`I%GT8X+0*
M##,OX",64%D2!L8.0#DF<$,]%$Z$\'5(L`9H!P%HD-(NN((0L()CX+0R8`-N
MR0&Q/)M,H``;``4<P')RT,,PP`-.5`$$@%9[<``WT!*):W%*$,NE,P9QH`&7
MF0,[P`,$8`9P8`%$\`"\00):\,LH[`Z\*0)]H,%J%A%&$%+241PZT@`5*&\8
M,0$)X`$>X`4_P`&$I*%'_$8]@/^]'^!$/7D!C)$O.1`%8C$"-@`'^A$`<>`#
M&-`"+L@&#_`&AT``F.$#`R`&N:;/FCUW^]`;9%<"!$`$"[`"K1,!#1`#,M#*
M_1&X,($!#[`#JUHB\NR*,9$#R#`&=:<`$"//;G!A+R!8$_"UZ.9-H?B*BK#0
MR(W</!`/8C`!/B`=<64#*6`#-C`&&\``(JD"-E`9:'")/^"G,F`!])JXB5M9
M"L<$YKH'K^C:@M#>'W"EOY,#"_#5[A`#1&`%5#`&V&LO5X#$\:&I4N!,23`#
M#,,!.$!(MA(!=((!EPP`T]@`!\`!++D"&/`&2&`!9L`#1A!:</`K-D``MQ<`
M&!``UFK_!'DHD/.YV2J^:S$7`@4``P8!`P;P`1-D&[U!`0JP!VPP`FMP"''P
MXW'0E3W0&[!K!1`0=F[`4T20JC(`!Y+3!"*0!EU)`!I@!`JP+ITS`7OP`@&0
M`0RA1S:7'7S0`DY&!%2`1U\PKC2A`3[P!T`@`U]5"@=@J&4L!6C@HS:0!^2M
MRC#P+I5%W77J'_VA!`.0!V'`%<)S!D&P`,"\N30G/`&`!M4&!RJ0A#*W#=*A
M$"<`"A"`!+0C'>1'`M$Z`$C0!$/@:3ZP`#YM!WO``PZ`##;@!D%@`Q9P`U6`
M!'ZKQMX:W@`@![$E!OB\XL(N5$UA#W'P!470!EPM`#A0`+ML_U0=0`,:8"TX
M`#NOVR_(\RP-H`12^CL5$`<4M[Y2;8YT3&4HT``(/0!.L`-GJG!((+\"L"_0
M`U(MA2'5=0$(8"\.T`+M4`8+`#?N<@!_P`!6-;D/0%KI\P)IX:.%'J[DS208
M(`,H)@-A,*Z`ZQ]YP!\8P!70`P*+#K#TK:\],$4(0`1<T`!B$`#4%Q)%T2`C
MD0)*8''$T0"G5`!"X*1'\+D/@&&3>P,:$)0HU\U>>,I,8-M*8"R$7D]G*_&H
M@`1D$^S#'O68!%+KD`<"@`=2H!O2H"![TP"6#0-QL`8'T"9T\`/0=@1V,-%P
ML)H88`$-;0%8]J,\8`4K\``SL'@SL/_C"CP`?<#N<+4('``'UL-2OF,%=.\[
MOR,=;F(>1N`61.H#Z:,$`L\`2#!-/@"\2YL".Y`'Y:KG!-G04`W5R2?QGA_H
M@/L`,"#+,,`5T'4&74W?[:"OS"S,1[`%,W#6P!,=YS!($[`*`8`#KVLG%9<'
M/A`%:Z#;#S`!9<59&O``'!!A;(H``P`S6\X!8#]7>P`!3NIP<8!9*2[UX&])
M9T!(RX&`,^``'5`$0.!<D>(4R](!,8"K)$B]&>?:+R`'0Q`#O(P#,0`(>&4Q
M%C(0+Q@*%30F26(J20$Z;#(#2'N7&AAA2"L9.CH9GBND(F=G*PT-&1PS*&P4
M#3U[.2E(>2__?PP3!D1H,14B`DXF<CD/&!@V>\PY83E*.1I[FLI*,GLR-F$/
M86$R.7(3,"LB(EH<JNKK[.WJ%1\-?"<91$<18FP][NH7)#T4*/2X8.8#AP4A
M2F#!PF"-D@$'/HA),F."B2MB/MC@D"2)@1D.&J4`D,3$!P,Y7)3,,>/#B"L&
M8B[8LV`&E#\X<^K<R;.GSY]`@PH=2K2HT:-(DRI=FK2%""L75E@RD.)'B1(1
M&H0Z=0J$U@8A3H@E,98$!1)\^$"I4Z=$`1('9&S1(66'@`8<D-`8U\##'#8C
M*'#@8,.&CSXR^&GE*D*5D48J!``D,6"!"0`VF,Q1TV@"CS<5*K0@_Y`'``P;
M<IRLP0`C1[('<GC`&##@QHX7+VP,T.#:V^D=%E`H`2$"A!``'3K(XD,";:QU
M/9J?N-"C>@\0+N!T\"-B0ID&8E"8,#$!1840'?YUB'ZB1X<3`9&(F:!!P@8/
M?KYHT&!&1,PH28"!0@U@&$!;#2F8`(8+"JH`!A$IU2#`##7HX<""`]3@@AD=
MY;#`%3<Q)>*())9HXHDHIEA4'Q588841'$"0`@<PL+`%'SI8P157*^QX!@@@
MG$***AVD50(#.+010@PP.&&&#0%T$)`LRC50A`0AY``'!P`PD<<:$.2@@V(9
M,-:`"`ZH,($1IS2`!!$?3."``QN4H$$*"_\X@$``;R`@@`)*++#``P+T`<$(
MW<CAAAE]C,##,6;PB08/2MCP@@\*"`"!&3FH<(,.`8#P``<AJ'*!E.XI=FIR
MR?7@`@W-+4'$'5@,D,($*9P$P7L=*`#`$"<TT&IZ+LR`!`4;S+&%%@,P<00H
M,4&0A!X3@/$!&!Q@H"$18.1)(!@*M'!%#7U\0.`5>JC`00T<'.!`"@IH0`0#
M*M9K[[WXYJNO4&^\$0`-1BP0A0,O:("%'R3TV(*_/H;FL,,M=-4`!7Y4C$,!
M'>!``1I2=,#"">M5H(,1PK*PP0]<PJ"`'".8(<<:H"AF#@C5";"`!B@(@`I>
M5USAP@<?`-&&'`G_+B``&FOP@,$+3JB&1`H#.#&&``0<[00<?;PQ1AQQ6.`$
M!&,T38`4`01`0`YYT/>4"`\@UURIT9DU,0G"CE6E.CU<`<<%)[`Q@0!^[!,!
M"2\0H0`"1.@!!A@#3(=>>A488((9(T!`N`P+8-!$:094"$8*!A18PP=?5*B'
M'A8X0&`-$\!3`PCF7KO@!#4LD$*!-BCQ08C[]N[[[\`'O],(<0C`A@`TNC#!
M%WP@W.,9;%1PBH[0]V']]=9+WU@/?JCEQ\$%,``$`R74D0`+1:Q!``=*(%`$
M$#<XP/<).EQ@A`QFQ!*S*CJ0,J8ZRM'`!U!``QV`@!6#6<`-)K`%*"P@_PD?
MP(`;;#6!\LP(`U00``8&<!``#"`'N'E!:1;0I1L`P`0DU$`ED-`E,YA`!A58
M00Q>P`%6V=!4R9G8!=Q1G2L00"ML0$$3<'"!6'3`!U?P00945X,DW.$$(:B.
M<CY@ARJ@``50NX$,)A`@UAD`=6RPPX(T\$4MU,`!'!#0A1R@!P/@004U,(*Y
M;M"Y*P"@!D3HPPST8(,;[$YX@`RD(`>I%!MHP`8ML!D'>H&&(E'@>3XZ10LF
M.4DVO*$/+9#>"OSA!['X`0H,(!\6H'`5#R1``BVP0"T<T($`H,`'!:B#!X`0
M@SBX@0([?(XJ>I0!=G3`"GM(@@O<\`D0H#$%4/^;`/<<8(`/P```"1K,G$R0
M`@T(0`IP&$,8;L`$)NQ'"3!XP`@(L#`(6*`P-[B!I=`0JFIF\@Q:<($*YDG/
M>MI3!4#+YP?@-`%07"``1,`#%$B`@^N8808'^`$1:L"Z#`#$/4M8P`=6`(`]
MQ,$!,KC!"S)4H0'$A``C6(`>%D``,3`.#`[8@P$8--(+F0".+W`!&#!PK2O8
MX(LJ.-TT0"0!0OKTIT`5Y`T.:;8%R`%H<@!9!H@3I#.((I)<:4$`)$:"3JHB
M`@PP7P+J``4/2``($I"`%P+PIAE4DP,!.!\#RJ`E!D0`"U'<QR[/H(H,V/43
M&;C!#%3PPP88DP-7W`/_$=@0`B1<(05$,,$EF,$,#7`@!3<00`OZ8`0XT$``
M8S"#`.#`IE-4@`ULP!YEI7H&^I3-*5$8PQK6T#((K/:U:XA"%,Q``RLT8"$%
MN(HL61"!$\CJ#CC`003&]`05P$"F']`$!4)P@1`LT04Q6``2RH`!'G#`#30P
M%QB2P`$7$($`2#!A#FPPHVF8084HV(T&HB`H#9C`O1P8JGMYX``BW&HF`+!)
M4/?+W_[6Z[PV8`,!`&`&@B'A@`>T@BF@RN`?-:"J)-AA\QB0@*VRI<)S\(('
M2H`!#GS@"A.(PZ@XH`$%=$`-;:B8+M7AE:8VACC-XL!=_(K&P'[@``U0PKN(
M_Y`'QOI8"29PP&P)D%DIN.'(;B``)BO0+]%>SU]O,.TE8W#-)[_A!TZF[!ET
M$`$+`P$(<_C#!MK2`Q1P02%F$4$+7-"Y"7@"BB'P0P"`U@,X&``)&HB#"=A0
M!@I=`0,3J(D#I)!G"SP@#R:X@1(L8`25F4`)3R(`!FY@`6\"X`5*R`,:]N"#
M`>Q!#@N`P1ZZ&P+_FOK4J#9*2@<@A8%AX+`:N,""&[RC`_+O%"+(0'-5$8)Y
MB.4$)-A"5J'@!2#LA0AP0H$(/"`6'&35?$C:X3KZ%TF1I6T"$$@%%5Y800`0
M00D-((D*#NGC/=!&`P-`@1M&$(5&C<`-"CBR`OK`AO\`&,$(]K;>#TZ+[PHX
M@`GO9/*]R]:O2SXY`)A<`06PL(7P!4X'%,`!"Q)`@@D<(0%^8$`'5C""SJ&@
M!5(ZU06T`.(GV"$)@MI@%+X0("*\80$D[C!Y-8"$P:``YAJPP`*8$.A`P>`@
M''``-`$0]"`X8`#C`8!X4H""&=`KU5"/>M3-$`4.]($8*=##%2Q``1W,FM:A
M^1&0SO#9&/;C'_WS2L;"5P(I6$;H>S`!`@HPOBV40`UK*6@[H"H"'3QA`&*X
M@AE2\003,"%!2)@``!K`1C$\`!L^/C<'3/`"!*`!A".P@`+B/6\V^.@-;(A8
M5UI@!1,,8&Q2D`(-+BN`UK?_W@RP-P,!9@^:Y3:G`R*``^PEFYP4X$%H!8A`
M$R@T`PVXAP(B*-P5D/"#_+YW-N,T*0I&P,$]`.`&')"!+0``<Q0$'0D82"D1
M,/IHH`M=\0!P@-$M8P+`4A,%8N"=U.=/?Z!"P`T<D,(!9C*?$=R:UJ=@;P$@
M/9Z%;PHF`JDP'1E`/0YU`@,5!S(@:GL``PO0!R2P%@S0<!=#-^T0)#JB(P@(
M`A3U"`*@:U:0`CQW&8/1`QHP`RX``#E0;HPU$@_P`#"``C9@!A"P@Q`@`#\@
M>EP1#"``"BL0"BO@`%>`;,AV12B@A,B63T3`A"B`*\A402BP3Q\P3T0P`>/F
M!DN`_P5=<`5@,`$Y8`):D`,#,`'V=0-F`$TH@`0VD`<'(``RA0)H<`/S!(<*
M(`-C0!B%D0<.``,RP`-FD`<C\%Y.@`1CP`1*@`$:P`0<L`,/$%D1"`#7YP`U
MYP#Z57^<V(F`!`-(,`!]8#,^@$(#\!R1Y"([HB/OM".91#V-H0Y+)23"@@,V
M$`4/D`T6,``!@`5MD%4ET#TX@`4K)HLN@H!CD@$!P`$5U`<-<`$M,`%ITWX#
M(#\/8!(FL`8R2`WCH8F7$06MASV>YR-%R`Y1808#```LA`278`F6:(F#,1CK
MJ`%!4`7V:(]!,`WNB&<>-%1!X"`H<`$_@`)7$"</0!:6`?\`;J`!>0(!=`!'
M$\`IWL9=<N`K/K``06`#I[$`.W`#/H``3'``+^0$>V`&D^:(#&F#.4"2+V")
MX4=T)B`&6^")-%F3^N(#CL4&-+``A]@LTL85O:0*3055U.,C?><./](_(J`!
M^A<&PV`#'8`%\Q`*R]$]TD8!S'$!TK8.(6`S>9`"`M!W/Q"(U&0",)`"0&`!
M1,`@JY$'M&$#R8`!*3&%)C`"X8@]7'%`;;(.'3`F'4`=.M`#8S(*J2`"H3&*
M/4@`H$$S#9<`684#N`=:H\A:],5,-8`"6%`':E``)U`"]J$&++``+T`",O``
M1D,`+G"9&?`&V'`#"*"#!/`"DJ;_>5-S``@0!7#0`DX@!9H7`&-@!&:P!L,@
M`+;9>@%0/!;``T[`!#9@$B!BD]`9G2=B`5$```&`/!C@"DW0`>BQ"D*R`D,)
M@)$TA.PP:W(0DK;$!#=``W_9`(=@`690`<)2*JI05=T38=PY$/1S!C+@74;0
M2V-I`R$1:BC0`<PT`^^U"7$9!SS``]JG!":T!TYPE];S(^#)%>T@$%TW"O\S
M,;T$`I\E>PA0-513`1D'!0?3!AB3`=$#7NRX!D(0.E?@`$KP`'0@<7-0!&)V
M`42P`(4!`&M@!R8U`2T@+,E1#J:@9BU0;V]@!2+X/[$@5SV@<*N`8!5`GA<`
M)!6``"UP_P#Q8VY`()UB.J9)00H<8`00D%)),`$=DQ8=4";B&:<*-H0&Y%D5
M``,PD`P>,GAVY03O<G1N$`"Z)B5@T1[5<0%C<@(14"H@P!%7(`"I$*#IIT`?
MD%<9H0'J*`,8L`,[X`,8,`9]9`/0X`!Q$`5.0``(4*%VM2/M\`F(2@H@8`6@
ML!X]\`DB0`,CJBFR]P89<#$7XYAN=0$_L@,:<)%N$`=F)5M:-!MR$``B$`-+
M(`45M0,RX"1?Y`!]!Q`-L$DB"*)E4C9;YA5:<0$9H!RH0AW<B3?U(U>@,$D!
M<`#LF`=A2J;T6J\_P0$OL``!@`!(``'V-0(GD!;706M6$'IQ.O\]0$AV?0``
M,I`'D^8`+=(`Q+"%MN,`3B`RJ=`..;)Z6?!@96`"+N``?>`)?>``-I!^#N!'
M;#`$R+0':X`$[S(>Y?$`;2D-#E"1\29[/_`C>2FN6F%7(("H"%@F&9!KSSBE
MY6`$MXE95&-;P09*XP,%4``?&>`N'+`'4I`!D=("7A$`#[`;Z`27+^`&"ED&
MH6,"(H`>0"(*LNH_O?2VZR$0?).?%%`DO!)A[L$J8D$=6K$";R`%.8!&"6"O
MA%NX?S!!1D,##F`&"W`-U%&K`%@!??`#_2)ZT=-@4[4C`O!HVQ`_+:`#`H`G
M5YL#2/!"!&`*ME97,;!_'<0$#0`#U[#_`#3@%`A@LBC+`T3P`WB`*S%B`;FA
M!."4.7$@ESG``0,0!SZ`9`I``)GK5$2R&)XE`E)0!L8)>[CZ!@00JSVH00=@
M!A8P!B*0!3'`<#-T!%"P!5E@60)@`2QT`P1@!32P!S/"!N5@!CQ@*<!Q`PL`
M`D<@!C6`M@$P0X>@66M@!CZ@F&/P!`H@!140`T9@FYP%`L;#`P(0`'OS`R-*
M`!DPLDX0`#U@!BVPP&P0!@63)D]GN"@LIIK``9:W`#P0)SFP#]]ZN5`U6=>3
MN0$PCF/78!7@IV%P&S6JC/*X!TR0#/K[`L%`@.8@`*8Y`,F`.?S!`?8E62)@
M!`Z0!T$7B!_`_U80%`9K@"D68`$'X`26,,8V4',OT*`6D+P*,`:@)SVZ1@*E
M(DFA$8TU8`"!EP0$,@,4DCMCF"$I<"%Z4`8G80<R``8SL%(<X+]ZX`I@(`8Q
M80>T8P`7X@(),$L)``4%T`)Y8`1D,`,HM0([L``^P`''X0-#D`=1P`1V``=K
M4`$V@`=50P`R$`4O$`4QL`9O,``\X`8\D`%(PP,^(`*'$01FT``O0`-(4#RT
M0!N;F,+0;)-9X`=H!0=SH@<N8`%%ZUFM"%6B592GL*IP"E5FP`%6\`8[8`-L
MXD*>9FX*BAEO``R?178R(`-AD`SWG`,`$'X&D`1-<`JU:T(.L`#I9O\')($"
M.8!DF[`&3K`#!V$['!`&![!Y:R!O3F`];.(5^[`"%6`$+&*8MY,#!$`#9E`#
M5X`&*5`#-G#($Z`M@<90"Z`"!M!Q8K"422`"%%`#*H`&TU(!2E`#2#`@8.`@
M,P`"(9!;7O`#,G`"67`MUH@$.8`&"]`$`X`&;'```0`#:&`$=_$`90`'8[,#
M%1`'")`%3;`$58`&"F`YL^4$(Y`%:`#+41`";F`$-W``!+`#MAP$SQS-?LV)
M-C`"^<<&"R`#E_IU1!F$]19VJTB+XRQVI\`&^P$`#R`%IK`#2.!-U%`8+P`#
M82!ZQ'$&!7//]XS/&'!",T`$-"""9I`"SS3_T$AG`4<`)PN0-&[P`F'P;FN0
M&S?P`$SC!&Z`!O<W!K.%393E>:3`9-83,78,00BP`CH=NDVDQ\+!.@O01/UL
M`!;POW0P&&10`J.#!VV4`2.`($(=.C/`(BL0.!;`!@Q@+D3`6D:UD4R`4:?]
M<TCP$+FHGH.!)RAT0@`@)^-A.\@4R+B"10X@)W0I'LB6!`7PUQ!>?S+`!`"@
MM!SP!NWG`)WE(^`LI\<HE)[02SK`%0CP`NV]5"L0!SLW#7GZ`IP2!Y`$`FS`
M`7'@&G&Y"6&`3$$6`#H2!:X]&`"`J5I0!ER2`KCA!FN0VV.P;@*`Y$B&!C0@
M!576!Y9UPP2G;Y)4_RT3@`0!`-TJX..7.2`HD`?6?9F+8P`/@"!X8%),@`6C
M,P)M!`+E#5A@((8:8CUO``)XH``L\--7\',0@`='T`3F1!XR\`4C$`!E0+U-
M8`9P0`=[F`."W@0TT`6+/@1VT`0"B@06,`)?<``\H`"9YP0'D*^439U-0%/R
M%^&L?FKY+0.4M0`*@"L+0(`^LC#9<[!`:4#LL`)6,`JX1"0!<P`^8`'J4P$0
M,``T@%>B``(NC`@WG@S49!EO<`8!@-+/9&[G1@"(!0-O$&\CP#(^4-%N``%P
MT(/8\P/W=F]9=CV>]^O5@@0/``%&H--K0#MY@`1CJ"TH5`,"5"$Y$!,Z!_\&
M&E`'HP,')C4$"O(`U3(`Q/<ODF4!4-`%>I`$/J`$(L!5!4`!+3``E:*0;+`G
M3T`*I+`&[`,`2E`_4.1UJF#R#!D%TC.B![`H4L`#,Y(G4>`O(X`"J][J/K]?
M4L`&>R``1C!JPF0#)Q">9X#K>&[KB0U50?E_FU2WPF)7,,`&H""8YZ4`H'!`
MO=0#(Y`#2>ZP<@D.`\W'!W`&1N`&KLU]EB@'[M5,(!QO\!9O%E"JIDH`LE4H
M-"Q)"&<].>S1%?I9S"1,`_`&!C`![I($>2H&)A`'!G`S8M`:@6<!9)0$*C`#
M/,``8N``5B`#'F$`*.!V8O`%2I`$*/"W"&`%7Q#_`K2#;DU@=Q'P2.!E;@X`
MGZ_G>GT`O&M0AH,7`P$@52*H``,``;\")%(``3[0@V-P@R.P`PZ@UTX``T30
M\S]__824>OB#`-F7$?X7@)-K<-B3L*+1S61G!*"W([%8'#'SN%*2'&;`!,$O
M!3#`E%%45UWQ=SOP#!H`"#<8.3D`'$DS%F]2(Q,P``N&&AP8+BDM($YNFYL'
M!PH*9DX0<%)]?0%GJJH5`6]&%6<5LV]L%2T"9F8"?5(R<CX//!8C!VL\Q0=R
M8PA-/`<$.\L$(!0$UWUF.S8CNP)L`691IQ5]"@)@8CQ[2UL,(0T5`FM('`\T
M3J*@"FY12`X*9'"0\B:`_Y$?;T3TJ+#'AH8&)#I4,#)&0``I/$Q@@#'A"!M?
M'Z#\&4FRI,F3*%.J7,FRI<N7,&/*G$FSIDV:>P9P"-!G`0(4D72HXGFJ:-$6
MJ\X8.?4F:8L^1I*>R6!%:@8*?$)TZ!#B1`<!/(XI@-BC@=D&(,ZLH!!'AA(E
M&.*&L><`Q00"1@2\<#0@$@<9*%X,@+%@##].B-T(<#+NJ-3'D%>!"*`AB0$#
M2288F"#G@Y@X,S!?"9##,A$4EI.X4)'$\H0#*#`GB3*+Z"DV<$;(J3&`!X0+
M'?R<:&#%"`(!:,R,,8-F4RA=!/)P`&`&*2LV.E:0""%%1QL_?CK$X$D`JD`.
M5?]:L'EC@XC(F_#CRY]/O[[]^S`G.3!B9($1$WL`T,`JKAC51U-)6>$*@F=8
M4<$;!K90E5HK&!%``"+H<$$$!9!`@A]8E(`%#E!`P54#0F5G!0@-A$"!%3Z8
M,$$D2,A0!@=*F,!+'P<X(E`],,PPA`,3#-"<<V@XH8D38Q@(562J4*6*"&>`
M0.4JL5@Q!F8T0%`#$3RX``8&!K@0`!MFI``&&`:8H0$8*F2@@@%:3%##`V+2
M((">14E!`P(!Y/9"#3D,X$<!4%QP@@Y4]F+;@6]$VD<%MIQQ93FGI++""7ZT
MP0<?%S1PP0IG')A*!BMDP&@&[+F'WZNPQBKKK+2VY,3_&@,(\`8'&JP&PP5I
MK;*4A0'$$AFI(*3U8$%+%3LE+A"X`<$9'9!P`7!M8,%`'0R`Y\=9*X2K@PX]
M9&"6#E9$\0`3,+#1@@977'$$A!80`0,3'.QA`@\J<#`#$3L8MHD9IR!@!@T&
M%@29%1.JPF(#&02[RE/FM-;'&C64J0<8,.BAQP<ZBF&`&&.^Z4(&5\!Y&0]B
MU/!!8`B?(H`"42"@[@TU``"`MQV<D!85")17%!4,5\6&6FBA6U4+%QIAA0@K
M='"!BV5UT(`(_*EBQ0K!@O#&#:[6*O;89)=M]DE9`:#K`@[HH4(4;$A\1@LM
M&`OE"BB:1>4LLF1Z1G8MC,&$_P-[*/&`%5QMYP<#)70:WEF0-R!U`ZF"*X(\
M"UCV0@`MH.$($PL,8$(.'S@P`V<$\..$*4XZUG""2>%]EL2N_-"''%P>D#$1
M!H`A@QX&$,'!"WK4`$8-"[RI@@AB&E"#"VNT?)H%._9"@!,$N+$#$LCO#,6(
M/E-LE'4-JJ*#J&:]+DM5YDX-<08B4,E&'ZNDNLH;,H1]]O[\]^__3!K9`PT"
M```>H.`#``C7TOC&,"BI(G)),8,%UD"`N)U!``-P``"8P`1#R``-"`"!AT`4
M'GB417*2VTH'>G`!'5"@!^,2`?R4<(4/$$`6;D#!O1:PAQ3DX`K_F,1AT-`Z
MGK"A4O]:J](*SD>JI)R/<I0"QRFDX(0F8,8(3G#9`TA&)C'`X`$HT,,$`)".
M!8#A"@2X@@$`<`5"S0`,.\B##[S!B^-((0HOD$$-)H`$*)0`!\+)P$3Z@!1*
MV:U^>`-!$V\A%1"@RBRD<E"DR#>W"ZT';._YGR8WR4G^W0L`!""@`$SPCPK`
M[PS%.J0#D\7**LDC#B_(P0M&``$$*,$!,`A#&-;@`R7\`P.FC(#C*-"!#%RK
M`Q0X`0E.\*EK78`/R"QF!J3``0ZD@!IG\-P-9!`)%#R`""E``@868`;5L:XH
MMJ`;+)+R,+-(+!81ZX,;XA`':,`!`4'S@1AF$(`1@"$P:K3_01+T@(@9B&$$
M(U#C`H(7`-8HP8P+4`%!Q;"'*!Q&``@8(`%RH(4:I&`/)-@">$C0`Q&T`$&W
M.&3#0.`@-O!GG:J0'2MG,0NZR6(6\RL*`C#9R9[Z]*>OXD`>]F"&`'!@!Q\@
MPAY4I8JCE6]AC^&:*EI@AF!PP`0F2,$$.+"`&^@R+ABP@`*0,($XM,!%YFH!
MJBZ0@8A\YU-\P`$6#H4%%U'`&@LP`1'6L`(KF&$"&MB#-0-C@@^XX`-AB`(G
M"&:45JC28>:"I"R8]A$%."0GN?0!!+`G``*\H8*PL)T`\D*#*)A!'@00P`C<
M(`4$'.A!A)S4>MY@!CA``!1-ZD4?_PAP`R7L<0^2ZP$?'G>EQZA/%A`Z!4Q%
M(-FY+>4-C'2N48C2GDP"];K8S:Y+.J`#),"!#0XP09E\P*(K%<V!4G$J+N1P
M`Q,P00[+0`,&XC"",#@D!V%XP`C&```-6`%%'7!#)!X0``I\*`1\H`""<<``
M!K0!!]4"3P.0((8D6(!4:<I!-4V`@ATX0&0JT,#,W.`$."3L%?R)10OX<S16
M7@Y";Y!O8/=`XSWD``-R4$#JFB6`,Y1GQ4@)0'D*DEH+R($&H<0%W8J5"OZ$
MXQH$<&TO/JL$`'@4N&;Y$!]Z$$GC/F9^1K!I^9A+N;D5I::KL(+MBO(*&(1$
MNW".LYRA@?^$4`[@!H?%`#RHM"+T)H522$%3H4Q`'30<8#$'L(`%'E`H&3S@
M!6Y`0PX6(`!!9G`/-\@#=3)PAO>IREP*/@$%@$."#.1!#"YP`_P$,`&L`H`(
M*I##`H@P`2)HP`*;<((`=HT<C+;.*'\^A39F7.,]8"`,&'B!`HBX)^7>@J4!
M0``X+@B!_7["#*&DJ;M:P3GCM(X-O!V`1P=@M<A)#&H.*V[Y:`H[F<K"($AA
MI='6W*?JROG>^/;I&FS``=H@`0THV`,2SB>"IW'ZS\YR$-\&>30I^```*>!`
M')*3"S/P8`<O&,0-8(`!'KC!!PH80!Q`$(8%R$#9`@A##@@0L3__ST($4>"!
M`L)%``#4A0:S^.L$4@"`#\S`#1R8@`,<T-7;)L8-![BG45PK94+2%%,CN$&Q
M:WQL##Q@#<R`4+.R5/`6/$$6>=FU&VA``_6PH>#:ANZC>D$0><@@!WLD-P5T
MX$BIKL)<$8NAPZ"4@<C*K4&111&IZ'V@/M@[WXA/_/[RD`<'"$`$PT.!!ID+
M-44>DMUGB!0LP!%O)W!D`3OPA)*8XX9B[.#8<'D`KIUP`QNL@`,^>($2=B"*
M&Z,*2T9XA0!")P-@'L`!'$"!`&8Q!A_RT`0J>`$'P`F4.,"!!HBQ@`^Z00`:
M0$@`$""`%.``AP#0`!RS.$44!H"$J6L`_]EQL0"235$0NU6%;P4Z!1S6R3>M
M323W3HH"&@CP`P%H0`9@D`)Y,!Q=EB`R!#&I,BXZ<'"0<8!7(Q56$'@HHA33
MU0<8H#^*EX$:&"L4A`0"L`)[X`!EP@2.-#%G\EBHU'YI!@(\D`(FT'L'@!AH
M$`5KX`86\`)AP`08L`.Y!@-U9@(BX`9>I6,\``"8$$4NU0<(4$TVD"-.@`!L
M-`,^T`(B@`8I0!A7A5@:4&$?L`,[HEB;8`$V((9-`'(*0$\\N`.W%0!X(#-1
M,`)Y!`!3AVER80%LE@H+`UM,`5V1D5)+82#9`P';MP<:P'-,`"I6<BR1TUR1
M$5GJ]D#9$5F<EO]<?0`.0H`"#+"!FKB)]9$!/<`!WP=\2?`!38`W4',+CI%$
MK'!(("``=3%[-<@),X,&$#`_!"`'>9!?BF$&RD<`*:`#1N`#\T6#E&804Z2$
M:^``2G`#-Y`"(T`9K0$#D:(`*?``"[``*8!8,E!A*)`'K-4'-,`//K``'N,Q
MK6$`K&$`P%-A'&``*8`"+F`"B,`!2*`!,#!U@A`&/E`4,.5R`4!X15$L[K**
M3T$W3B(`)!9E2-""`)`#H7)<3G0N5J)N6^-GJT`Y6W,N"G(*/S`+WV1=G!B2
M(@D3QD8=('!4*)`"&K"`5&*0IT`^YM)$JA@`4I>/PL`)8T!$JQ,Q"J#_2V$0
M!\C@8:_7`AT0`$ZP`SN0`R90$;QP/7V`!@X@"#!P`RA@`V;`!$1`!')P4M2X
M!@OP#T2``6`#`#.2`ZR36F9@`C50/#5@/,93/,6S)BZPEF"@!RA0#S)08\16
M.#O(6'XC%>)C(+D@--8!6Y42F'T@`!4A!1BDEE<0!M]2-Q>"@H_H1(R29N@E
M.RTW-^P&`E^`B2,9FJ*Y$G*``1PP?`X@!WR$!&KQ?GIH-S%I7$7X`C#P=E>G
M))LP!A#``3:`(F;P`"IG`S:``39@`AE@`PH0`H*4`QNW`$R`!FN@).=@`PO0
MD\O(-J9932_P!KA@`EX9($1@`S)0.@O``3?`_SF2TA-NN289XY8;LS''TY9@
ML!HN8`F!-0#%I@1R@`9&D%.H,"7Q\VZ4*']+`@&$A"7&TI+QUP?<APNQL99(
MX`<5DEPHZ$#GPX!^9@7GDQ;'!0)I`)JC&:(B"@`6<)H](0/Q<@-/Y2[.EF9V
M-S$BX%4\H`3X-0)1<`U)HA<.@`0@<`'1@`%,,``#H`0RD`(K$`=*L(`M8`,-
M@00FH`$:<`,OP(L<D`,C(!=N8',.0`0?\``5<`$MX`!>.0`:0`1P,0,SD`0I
MX`:KZ`I(<!D&<`451@0B<QEB<`6IT1IW"J<?,(?VZ`3012E+81U/E"SAMW0"
M$`5.H`"HX'X@P$0WM?]B!B$%+4``SM.6*=`!5B``K%.A4'(^0F&1,846F.DP
M%7")("D3<X`2JRJBG+@!&_!3DL,!!-`"(8@9-[!(M,"=QM)W?2<5%1`%1,4#
M<?$`JQ-EBZ$`>W``-O`;;""6A:($3-",("`%'D@!?1!8-C!I.V<"&C1@8;`#
M:^`T9A!T%68#(E`"%.``,:(!R*=+EC$#`(``CV@$:S`"FN4&"D`#:"!6/F!:
M8[`&IM4$`@`'B88!>3EU^E6K6%(W#V06%(`B($`W=/,*=/,#--"?\*0J*80B
MESDWDBD`!_0\,G`"(J"$C6J1,M1WY\*`2Z2`V?$8`0H9(#`$)C`%)U$$L:K_
M$K`Z$CMK$CO;LSS[LZ[:24(KM#T%'APP!F=@GKYR)2Z%2D[6@,E2)3N@`3^Z
M`W$P6OU)`+H)``%P`````C'P`/:8`TSP`/?8=U6@`2O@!'EP;'*`<<#I$#=P
MI3L(`140!S9@""B@`CQP`@QP`@X`E0!@`(@5!E=`:RE@!G@W54]1++!`%:G@
M4B^U(LE2<*02`!!@`5>K`7FP#*:"H#'5`RO4`RR$%E:2B")0M4J!AP_4`R0P
M._9W-`+`537@G0L196&V@L?50*-*JD4C@>Y4J@JT"HRR8G$`HC&Q`1(P!T1;
M$CU;!*W*JM0K-M6;$DA+$MO+B1(0O?(!OCZ[L]G;_Q)9L;1G<&=7R`'%82P0
MF127,QX@``,P8`0O$`?8,RE2*P)QD*LZ(`,^0`*XD`/(*0``T!TZ4`$#4`$6
M(!=Q\0+`N0/29[:@NPTF4`91$`#($0#*%`-BZ@)VX@+(=@4S,@`68$HKZR!T
MPW6R,#>-Y$A"P5;P4PZF51[;YG*I,C4?X@<DM8B!QVDV517_%0(D$+&4LV).
MA@MD^246$`]1\:A-U+J5^50-4H*2D7=G07>K<"7'^QA-,`$GP`()X`4,0`(B
M``1_H`9_P`)>P,9JX`4%L`4L\`<1,`=34``LD,<E4`#0NP%^X`&Q.@5U(`$>
MP`);L`5_4`3P\P?A42TJ]/_(CQRQ&7`FX'!$EGS)(,``1$L""9#'+``$FEP2
M4(#'GEP`0``B$I#(%'!$E'S)KMP`Q`3)LKP5.%L2'N`5*H0%0."\JZH&4[`=
M6V'$DW$A9U+,Q<PBIBLU!6`2$1'+L]P!.!#-TCS-$+8%&\`&.'`")Q`!T]P!
M4+`!:M`!$M#&GES.>9P`?#P'$<$!TP(`2`!.'%`.E&QVZ]&?1T0^--4"+[`'
M%3`&;E")L="Z&4``>_`&G$(9/"`Y%6`%4K`#OX),.C``*S`&/@E6R28'+Y!Q
M@94'-S``$W#"MW!V&,!A*@`#8M`R8*`-!J4:/%I,BG0&7W<&;+`BE<E2F/NH
MCVK_%I&U`JTK;ZYK*4^D3"&@%6:Q%:$2.4!\R6JE(;Y*,=IG$01`5C7@112P
M`BW&:4=4)>]T1+5P1+%0M9:<+*GBJS%K7`VS<)^Y`GX0`22@`TYP:UR0!7/`
M!MH1S5?#R1)``D40`P2``Q$0`3U``QW0!700E47P!\PE3#CP!F40`&50CQ*`
M!3U#Q,ND3)5MV5[1`#$@*J%RU&=Q3%/PLRP@`#T`2'ZP$+4\$O+@!]'\%210
M``60RD70`0?8V9ZMTU>AS<M4V9>MVR>0`-+K!;SM(5#@`0F0`*`L`FM@!JT5
M-+NF"]`=W;J`42A6';8\!E+P4MIM(6*]1.$2+HID%F:`_P`E```CH&B+"I0*
ML`,$``4G\`)_#4C2'-]K?0$(P`(;4%(.,`)-.P&HI@&A@'3%@%">0."BIP"+
M*IT[L``^@'3GD%HZ!@%(@`0',C]1X)Q"@`8VX``#<`Z[L)M.,`(R8`C55.+3
M,70ID.(R\C)NX%H*L``N<`4F<`6><ZEA\`(B8U`NP`$CL!2=A6W7``?85K!"
M=@T5$#2I]'05$`,KH.0M``=0EEJ=]7QP\`8*I^2S\`2NQ7TS<P`(50PDAN!B
M;H-)J;4?EP(J4`/R2@,UJ"2+6@R+N@^@X.6>X`F@$.<$+N8)K@"&<>=RON=Q
MCN`V\`%L`"(D$`-.H&$3H`02\/\#(L!,RMD":N"\12`!U<K#UJ(K.7!+`S#'
M/\!,?$`":&(!,E`%70"]<U"^]N$!8W`!X,$'#<`&<TP2,6`&;:!,/0`!P-T_
M<Y``6Y``=7#<%?`;0\U,WN('GX+LPW7L<.4'6%,218`&/2`<R_[JWC)<U3Y"
MX/%])<`!:X!Q+[`#81`6S>K>2I`W.KT"=',Y1N"U6=`#2'`#$X`&9Y`Y!/4!
M$Y#O*&`7^=[O_O[O.Y<"1+"X^2XC$_"W+@!.V-CO*WX%=I%5*9`\HN,`>3`)
M?C$``"`#&D!6*2`(`R`#TYJ5V:@:)B`'A14%)C`#&;/?+C`##%YK,V`";),"
M0T<DX47_\S4?7EAUC3D_=-[*\S4_\S5/\][J`"XX\SC?:EH%\$R/`E@E=#Y_
M\$)7G@"@ED#1%\!736QSC=/!55K?\VR3\^5)=%PU=/G"5>59387S%F^1!TR@
M\3(PXBOP*0(,!R'0!4R@!"70`@W0!B3`!SI``TWP\S+@!@3PZ@T@`.Z]`EBP
MLS^`Z7YP067#ZL\$'ED@!:E,$E3%,U&P!$-WC0T`O6.S`4!0`G5P^J=/50A6
M[<<^4M[R]ZTO`D]0$FHP!@:6[,C.[)#?^LA.`S\`!1R@2YZ+?ALA``EP`H:&
M=/KZX-[W)P&P`@RVSDX0`/@2!P^P([J&?6.W:WCA"L0,*%!Q_R`"H`0V!@,Y
M0+_])04-0`4RE"JD$K-'T^040%,6L`!>JP`\@(-A<(-K``@<#TPF,CD:,#DF
M"@(<#CPC&A\N9@`:-0L"3B@R%`P))P<<!S!Y`AA(`'L`#P`#2#=Y"RT/&`0@
M`0%G;'UO5@@MP2T!%6^\%0$@(FPK&2`Z#7PG%PU6&3H9*Q4(1ML"4@$"`F@"
M9F@09F91;E$"1FP5?0%&&`XU)FL=;.D$`A!]3MX$&-;'B!0%!_Q!&./&3!\!
M;@0\_%:P#P%U1F@0"-"G3XLS($&R,3(&C1D!-W3PP7%BQ8@7#AP$\%)&Q`D_
M)'1$V6,AA@('-P3X\<.G@0`D*3Z8D/]09(.1H7Y.6!&PA`8-`73F_-G*M:O7
MKV##>H`0;6@6*1*ZMC`SM`"%*&D<Q(@!`,Z?M&'SZMV[=4Z=OX#7=H#*AP]A
MJ(@3^VGQI"L+!3V&%N9#`G%EQ8AIL"G!`0,&'[4\8X!A!HJ7#7RW7B`#Y00'
M."UN:*`QPI^".'+6*%BS0\#NVN(.F!0PP@F!/F-*[4&"!$:3X`0J@$`@P(J5
M-W".&R$`X8T1'TX$$-`@",X!&P->N%G#!`4-,QPFP'BA1`,1!7)2R-"@(<4`
M$P2DP`$F>W!@@`LK>%#"!0&8@`(1#H2APA4JF/#!`ABB,`$B$$SPP0XC'->'
M&PH@$$\441#_\`8$%E10@0`6$+#"5",\$4`/V9P0@A$!6%$!`1:8@0`"/M1&
M`"DC'#`"###X((`&>[S@SD<5&&&$%3#=LT8#:,@`P!@$O(#$"V\0D`<')<;!
M01X6O*#*"&;$,4`.-"@P@`86T`##'CR@,<*:`KQAC(M6ZF($$P[$(5X.#43%
MQPIO=#6'%!54QL<%`@3A!@,$++##&E`U0(`#*@#@@!IS;/##92&`($`*"W!@
M`A%`I&9K7AZ,<0%49^&UU5I0A4#`%QR4L`43.MRJ[%X;2)!`"0E$F\!:(1!F
MF&2*75;84`ADX)@"%!!EV+68)7:99IQA$(8%H:E+&A0,,""!%VI(_R`!$/'&
M"P6\'I!11@\D`$!#'U$LX(`)BCKP@2$FN/`!!CD\F`,$,*"P@!,8H'`%!F8X
M,(,#+Q$Q07@`S$`$#3M\0$0<-#B`@@9]I(S"`01,<,4>;ACHP@L/.!RC!B83
MX(,*25@\01(NP&$"A418T$0.*;QPQ0<U*$R$`4VO(`4''SA`Q`P&S#`#T4@[
ML$`221"1@@LS3.V`"R]+<@6=-W1MA@(HS(`!#26G(,4.$_J`A`TKQ*$$!U><
M[`018C@PF@LJ/#!""HVC<4,2<T>A@@$+0!`21[[L8`\^&2@!]J<+&#`!'')<
M(48.!SA@``HCR"#V#7*@@+4<>X@AQ@)N?/]@``=1&*B"'%*8(<4;+5AQ!@AG
M"""\`U(08`,()V#A1PP"2/I#!J$2L,0`RPD1@`+B&M6$?C*E]1116(@@``H1
M_$$&"C@44``4^O?OO_Y;B-<4\D7`?)4`"%,H0E=RM2NSH$4M;/%#!T(0A1#<
M``ES2H`72C#``A)P"@/<PO]&V+\$>,4#_<.!'R@0K;]$BUKD*LQE$+.M;8F+
M`!?H"A#B8$-RE<N&4$$7!\*PKM"$832E(<$:>I&+>73$2@+0B`#8T($&9&``
M".B#%%*0!!78``]72,(";&""`^W'!4D8@!P`(`8B\&``:,R#!EQPH`GHCG.(
M,T`2'#&#M'$M"0[_Z(,,D+:#)A!M`6,XVQ4T(+L9"&<"!O@`RM`(@#]A;@<3
M$(,!5-`V,2`M;/?P'1CT(`85:%(/>M1##6HP2C",,@D&T`,8P"9+`]CRE4EP
M)>9F@,HK7$&6`OH`*<F#MCV8(!,IX&02Q````-!Q0S9`XP`$T#`.2,$"*IA`
M1$R@@AL8(20M@$<`ZG$/'YR@"=RT@!OVX(),6"`%*;"``CB0A!GL80!H0P'E
MNOB@90*ECP-`@P94D`(>E$1YS.,1&P@0'R7`(0IY6,%E,M"]K=A+"AG8U@4@
M(`)358$!\IN,4?[#`3&,P'V3.4$%Z+``&33A<`HXB48(0-.:VI0<<$``_QQV
MNE,:\!0.4K`("5"S%09>IE==V8=D>@"!#L#``1P0`1!:0-.?6A6H<)BI3;=:
MTS&P08%]N0`CQ.&;$P#F+]2B(0F`F)C)B,L,%.C*%,(@KFNME3*2B>%0+N-5
MSA`1-.IREQFP<((;K$`'/4CL!1)+`0HT@`(BB$(#"E"&>CR@"EK@@`L`4(4<
MN`P`,O!:"I"PAU@-``!(F,`"JK"'%!!!!IJ=$-+$0*$4H,!W$S#5%2)I@@GL
M00A*^$`*,."&!<#B"V3D@!86,`,7R&H!)M``'00```[8H0-F6``CD:`"%X`!
M!4B1U0`&Y#(BH(!ML$2C<(G@2E3&TI8&\)UL,?_G`A>(86Q$LR7:T`9?/<`R
MEGH(L"SK.8,/W!=N$XA)4AQ@`QML;@)5&*\2OA`$#0P``T'`P``VS&'FC'<"
M*J@!0;50!1AP@`F.,$%,')$"LZ$`;4F!I1@^T-P/H*V-"]!=$DR@8B1`U;A(
MX$!U8W(P>!HY!2)0(1:,TA4)(&`%U^J!`$BP4"4`H0<^D(Q10G":"'A@*S18
MR5JCEX'JYF`*.P#!!/,JP<:Z^<UP;NP%W-P`&L1`*ULI@AD:Z`<=],%7?P@'
M5"@PA@)<@`T+H`$.S)"!.,/Y`HUVM*-!4($O<P53E:$`"-80@@34H01_V4<(
MI-%6;56&!"<X-4[\L.?_KB2`KFL5UUI/D&JWMG4H"HB!7S^S`\\0\5TG(-P*
M&K""8A>;V,4V@@!^<`%7.MN5JWQV#0+<2EG*$@RLA+:SH_UL;&-[E=$&=[=;
M:0`PY'+<X&:E@&L)AEA".]HSN,';/*D"%%1M/E$XP#69L&$`Y($)&*RN)6"@
M@1PH`;0RJ((,9+"'/2`"`Z::E0HF=(7F-I="*IN`:RMNRP"7.]OCUO8H/=YN
M5(X2Y.A>);MK>>V0.SL)`9YV*\7M\O>V>^3KAJ\>V[@"J#S!#$WN%E1Z\(-:
M;8`$$A!!EHEB%#5X8`,L*()6(`"PM:Y@BGNXPJD4D`$2#*:N>#V,N(@R0UO#
M_X$->-[*&_B\A`"D_0_>"18$H/"'#200"T:8X6%Z6->V3L8P#7B#I573!\E<
M``V=!DP"]D&!#M#:&6<000R606P06%X$EC>".GR0`V]Q)0$%MX`-F`2#&WB)
MX4'F@.J;*>1F-E,`4.A,$46#1"@(BP80@(!5=F^&AO0#!!+8`.9XG`+B(\U@
M"VBQV9#_8^CRF,<'@_[!CN;)3;*ME!/(/CPU7GP'M%C%+38R"C1DQ_&/?P(F
M*#[ZT9\".VY.92ZP68ME4`$M8((/6$`U%'#0@.RUA0\%4`(XD``=0`(14`"S
M%@$%&`$X@`5;$!4D@`41$`%$@0.:A@`T,`86D`.EU?]^*/`!DR`V#H-&M#4!
M1'""YJ5/VA=]9J-ZC@!=JC``^Y$#<A`'(^`&]A`$/P`"S=``/3!L<Z8#T"!G
M#1`"_9<!,0`!,?!D/W(5SR"$T-`!44@!)Z`#)^!XC=4!U[(ME1$"!7`3?K!0
M358&.D`4)T`!1=<5,;!T?F`4DV,"`L``3T<#)[`MT5-WHE($G8<%;<!F/F0M
M?O=W?F`E;[=VXM)VA?@^CC=W7"$!!8``>M=W-30N,61K0[$"(N`5%_`&2X5X
MG@8%H"8J=@`!<"`./T``W",`(*`\"X4`,6`&--!_J48"M3('6%`$$M"`0$`!
M&3`&'I``+$`#(9`6<Y`J1.7_%1O@`0S0&1C`+D?D&>\R>,S"#!;P!79@!TW`
M!4W0!%I@C=@X`DV`!WBPC>.(!GAP!'8@CNJHCDTP!'@P!%5@`20V!!9@`1B0
M!D,P!%^PC4/0CN[X!5\@COF8CVD@!`;Y``^0`PK963E0!9V%`9V%D!"C!-U8
M!4*0!E84`CAP!_<7:U!Q`CB``Q1H&!*8?ZCF!R$0`2$0`JF6/=J#:@V(!92!
M`SU0`#AADT/1`078`PUP`<L@!0+0!&:0!E]@`4+P!4(0&@9IE$5YD5S`!>E0
M!G9@!C]P!#0%#@$@`DNP`C@B`S60!CJ2:AH9`2!)@62G:K.($RHTBUI(:GY0
M`'T(_Q4A*0U0@!-Q65<%4(`T%`!LT!5%X`09()-GB`!3L!4;L`$^H64"X`5!
M4&\<("]3EG\GP#U<H146T`!W55>9N6ICYU9\4(!_1XA=\09EX0>(.)KO(T%C
M0'>'^0<1H&A_V'?8,G90$8F8*"DK$`"&-P8A4`?14@(,H`;'6'<X<`1`H`I0
M@`0#Q`%?,`<H4`8L("\,<$!;@`5Y\`,'=`&4I04.4'=9`"LL$`$)@&I/,%1?
MH8RRQRZT1QIMP`##F1<;D)(/6"TK,12$M2^KA@4J1!22$9(_9!@XT`8D8(!D
MAX!U6`#^B9,X(9-S.10X8%<#>FHLH9(D$)(@&:&&4:%O^?^@-\&1"X"7,MD"
M=]`"=)`&X2*395`M*R`$H\8'&GD3,(H3E]$!7("4$1B&M48"+(D#(5"`7D>!
M9'D3JO:1$*B%?F"A0Y&2.(!JA:&3(8!J`PH#-?`%LT9V,C08?Q=KA?&D*,F%
MEW$9_JE6%'`M=2D9"UB')-!8/$D`F<@5?]D"#9`%5H0`)G07&]``<3!G#5`!
M=(@$6E<%">`!-2&$*]`/&X!G&^`&`;`$&;`$COJHD!JIDBH"DF<%E"H`%5"(
M%W`MI\D5<3<4%(`&4#`'(?!T$;!G/4`!/-FHD+H"DOJJD%H&%=!D(E`!_'D!
MO.F;=<``;<`"R,@"&+`"V20`5<#_`E`P`1Q0!C/`!*%%`)8P``M0!D1@`CAC
M`IPE`Q_P!T4@!""F)P+P`#S&`;5R0G4P1+/G:^]2!^^Y%_UI0U!0=N6B/6SU
MD0-JDV+)HZFFDXZ7KWH%HY<AD[1YI#<1`OF'&75(EM="EGV8!IC@G_+*!UZC
M(5<P``?P`$J0-"$P`'IP!#0@`C\0!'A@!#)0!F.0`2U``TK0`2+@-@<0!"-@
M`D)0!6F@`>+(!&50!DIP`4>I(]MBEI/A=8;1HY6AGUPJB5LHI!W@E4-@&#=!
M&1[9=ZDF+E%KB?Q)0T>ZG[,)B)P9`F5B!-015XTH!=5#4WT@`F`5?'Z@;T9@
M$0C@!$H@_P-R,`=J4`0B0%,(0%-+T"S!-P=O4`8"@(&[%[B"&[CE`(LT$`#>
MP08Q$``1,)R&>(EHAYJU&07\,P`%0`;J,!`<05/BL7M9-;B>:Q4T916J2*NV
M.A2X&@+0XD+CZA5WL`H<H`%+X(@^YEM(H#$R8`+$H@+]H0$3D`=$\`%(P`1$
ML!4+D'U(<+P/,`/05:==H08)D)Y&%`;1:"L;L`21P699>U>Q27;E,G8#RI]/
M2QF""(BQYI%<2(GSFE=_-QEFR;#I-FT@$`)2\"`"D`0&A@)EU`<-L#8/P@$S
M8#/,:V-0,V,.H`.\A#0:@P*F8ULV-@$%EDPB(P0R9+4!^[,77/\N)[`%)R"E
M&M`%4M`%=$`'4D`#8BNV)GS"*ES"4N!X3ZN9D2AVMP85!?!I"2`!J=(5AUJ,
M/'R,A[G#/9P%`/`!`M":1M`!$<`!(5"W?W``>U`"<*`!/PS$<^`$0S4'3U<"
M%I`&2G"8;,`!%W"H4_S#7H$`9<$'2X``4F-C*>`&3\$'%$!!5T8$TL,!"6`$
M&8`!)'`!,'`:A^D!P<<"..`$=0#(++`!XC$&AWD""]`4$B"<]E($3_`$P1(C
MFQ-+*.">7Y$!23`$&"`&,;`!.)`'#G`%<6%>%R0",J`"1```>&`V1.`"`Z`%
M)K`!=:`!3[`$"X`!)[,`[>0%R*@@S-C_C&'P`!;@`S9``)^PKESAJX:9!5CK
M=S04F^NK5M]+M3ZDOD:++=UK+>L;`230!<@'73$A43FV8T20!!.`!,*3'8OD
M`K$L.V+@`C1@8R`82PZP`E<`-RK`SC]61O&E``XSK6'3!+;6S5D[PVHUH%B@
M!"CG<A#M;.B#$Y5(M=RLO4#$!VW`S,OB%5JPSEG`%6R0`@J0!%\``%+P!P,E
M!`U3!AP0!$*`!%6`!#%M`AQ`!E^P`#S`'"FP`45PO%4@!?ZB!1B$`U\A`;HR
M+KE9!"?`'TNP4Q0=`G.7`8WC`"_``2]``U<P`LDG!1K`!%G`G$@0!'3P`=8E
M!!Q``P-P<'\P_P=:4"H"0`8Q(`5*,``]^08V:8%N$`)0@$[N40)%X`&"+=CA
MR034@`&?``5MAP8-8`0Q/09/(0)<0`&@>(;U6`%[RI(-L*>'=@$5(`(A$`,K
M,$%9L`*0=@)^143JL@,^L`;)S``14+CI(-OI8`8$(`5/\`5=P'<R/,V3Z)F!
MN(6^;<%[5;5[MX7JF\W);<$&2+"K9H#%607::`-'(``B@)`4D`4"<`)<4`9#
ML`0YD`9V<`)'\`72?0<8T`4=,`1:@`%-T`)V<!5T4%G=V``G80-=(`06$!F\
MS;YB5[Z^[;2HMC4<$&2NQQP(GN`*SAP`L``K@`7TR<T'+=Q@1XF$L?_1';T7
M+&`!#E`%K8D%6J<!I@)\&-!B$U<%)FC62M#/KD`$0K``5V#32%$$,9!]*+`&
MU>4A$T`#[^D'`C"FAI$!1@`'$/(%%(4`@W$"$0`!%/`$,R``*/;$`8`"`P`A
M,!"\L6-(#O`%X`4K*+`*$/<'?I!^26`!&A!D]:8$2V`$"`C';J`#&B`&**`%
M,9`!9I!5640#?AM%9"4`>PZ4=N`/VS@"'=":?\`"/'`$1Y`.4A#H)P%48_L&
MU9,1-/`#4=0B!3!$O49$K.W:!``%%_```?`$,=`"9'#JJ"[78P`'2Q`NU?R?
M/X09P*W0BO'JTZRU8*>]B;&6J4:6)ED9_O?_I-GSI!C*!Q/(*E['AR'0!ADJ
M&=H3`83E!Q`>M0RXI)R)T-W<O35$:UX'I@,*AL2=T<:.!>$B[>RKW(%8Z^*"
MX1F>%W<`8DP@G'_@!:6\`D2P`'7P!SL``-/:RFSS`38@`!-G`C0P7$0C($BA
M!N#*`40``?>.!'(>`%X!!$]PNL;NV6N0`OPQ!&A```3;`U#P!GV`!78@`<3;
M`"P`!RZC8B4E!NS2`3363'=P@HVS`&<R!T>`K`Y@`;,R`&T3!"+P%*C6`"/0
M`I.@<3<`!Q90$)B7`3VYV9O=#-3`BW-V`12(`V70`(ZQ`WMU$PS`DC@Q0=*`
MDY_)I7QP`#_0`T.T_P:B8<R>W@84P`.%48>_30*/V`)*+IL]I.VW;MS2;,W?
M&[#;'/BR=LU#49T#&@$`NE9+:I,-L`7=_J,`Z`>*?Q-(C))M@(`/&'8B1%C@
M;(`1".1KI8`12OB&CQF64AE8VI^<:?B".!CC*_CD6[4Q[+3\B>%CG/NZO_N'
MZ2`>8HP20`<```4`(`0X'``$$`0H80/HIP0(\`2QX@,K$`1<X``3<`-Q,`0V
M4`0U4@0;H05'$-8W@`7V8B^+)@"-0G8K4'3`22^]`/M^<'@M\'0Z$`."W0$6
ML`<^@`$O``@I$W`$)``.:&MD,`,I-W$$/A($$$41938Y6`L.;")O?"0='?]Q
M.CTT"#$K%684?J\DH7P1':%8?"<D%R0D)Q$4.`@7?\1%+#M\?B0%L'X%H;')
MRR%\LGQN1CT`+VL8W@\6:S8T)10\R:_*U=4D?@AO2G3IZ>SM?LGH\_.A]_WZ
MK^O^"9P736`U@/1(A!#0@\\2+GY.T*`S*U2$=B>4G>#38>,K*7?2(&#0KDT!
M$CB@),/1QD^;#@4RMB'19<6/&/G202F`!66R&&QZA=!(Y\X=+BUR^L'ADU^U
M'F4ZI&MW<!\ZE4(':EU6@)8S?;'H#3QH;Q_7"TO2JEV;A4(/MSW6BEC;H(,4
M&2A^2)A3A,(;*32,!`C0!XZ1PT9:(#X<``&"/@3_I,`!0HS8G,9P()L9,P8-
M9\X6XOBP0LT>'RL(AL[IB4`*CHL9=8RQ8"6+CBP9,H@((.(Q`@(TI!AYPZ;/
M8"-PBC.6S,:P$1)_-GCX(T%$BV@7+)Q84:(.E"U]!&1<MRY$NPX*DT$951;.
ML,HL'DBMI4]JQ(P1S8]*)H!-@P$\=(/!#COX(`X!#%`01T#SV,=''S_L(8\^
M52&43X4&C84A@PA9I=0]%Y+5P0H&P*!#"F!0$(`81/1PDA]8X!`"%DM-4,5K
MHCQ@@!Y@&-`$4R?U1%8_4)@'A1\@S`#`!PY$D,L\7>''S`P<S%A`!UC0X`(8
M7!H0Q"O,;'$"#CA@89\R_UP8,"%`&()X$#X<MLEF6%-16.&']_!B5B]\4&!%
M!8`&*NB@A!+Z!@0)>`"$!,1X($`,JJP@Z:245DII!3$HL$5EU*'11P4@K-!`
M#Z262BH%YND300,(+/!!"`0X8`$<!'&T2J$5B&#IKI1&.ND;*W"Z019LJ$.!
M`F;,,$`!3"C!AAFUD*>,5K(`9$8#G!ZCE4$'01&!'V[$<`$2//@0Q@YQ/&"@
M#69`H:";!B'0`A0E9`BBG=;(N2U!U*+#(;P&A="!`0X<84`-<0AA``=E.+#`
M$"1\X3`>5>AQ11.UP$%P#`2H,$$&03C`@11DR#"``P]HL``:.#3!`0`"5)#$
M`O]7?+```%*0,(+#7T3P`P<.*-%!$B8L`0/+.,`Q@PL!?&&`&"0(L<`">/`A
M`-!"4X#$`B:`0<.]'?Z3$YX&E26V5?Z,Q2:<`)D'9U7L?(A..[$T$$4"G/[A
MA0#5DKUV,KDH)!ZG$J`!`E5QF\WF/*L&L$<0`VCA@``(G"G6Y>3)F?G8!^F0
M`>&[L9/=""PB$<0'!(C'^3YIPWLMIT"$T4,()XSG+]L4=N2#"%H'&,8#Z:[;
MKCF+"]2'%<2P[H^^;_Z[.(-QMMF\G6#;&4(!*'R`08\I.)"$`F(DD808&#R=
MQ!4IU*!'$+=H4,,/3/V`A@QZN&!Q$&`DL:,8!JC0@_[_29B!`@Q`,S"(00]$
MJ(`!Q"<&,ZC@:7K0@`%,L``#/&!,-)C!##HPA/[10`_Z,\`%B-`_,.R!`WJ8
M@0&\%C8\]8UZK:.'\P`6$+]EKH6YN-W8N`60C33@`'CCU-[VA;EJY/`$!#@!
MX9R@@XBL@T[%^P<%^J``'>`A!1:(P1@LMRU_+2]$RJ/'"CY7F>I4($\]4(``
M/A``(K@``&R(`B_\UL)\O*XR0+C@OC3WBAU806O<^!T/U"6.X<4!8/_H`Q6(
M$0VRN/!RS]MAG<IFFD?2,2$]H-\5Q+`',<S@"D(``PHF($H0FF`/,@-`!%:)
MA!I<AP0Q*(/+.+"C*H#!#!I(_\((F&``#8#A`Q.H`0!FY@(7Z"`(2<@#)ZY@
M`"2`H0PAT,`+Q``&/7!@"O<H@QAJL",P:&`"5Q`!&_20`AD`H&L?(%H$OO#,
M6A$QAO`$B[[DV0\Z*8X@U`A!#RS$C^H5CQ]E"0$:@@@?`2C#%;?K(CI.((`L
M<&H.9EA!W-+6SPZAHP$!@(`&4K"`/=!```I!'.XBN2&E%&1Y%7@/,:JS@EB8
MZ0!6R-D6RJ`!*201BF)[&]SN2`PO/(`J//2G-$;`.W*M09`%*J2[SN$\:2`@
M6'^8(=CJ@4AU)#2,.2W>2?$!0^59@$<HB$`-P(`$+8!A``,P`>0&0`0]\"`)
M`-@('_\L`(8JZ),(,TB!`61P0%O"(PD$V$,O]>"`1O@@"1RX`A$:L(,DD)(#
M)C```,``AP9HH`H!#"`;VH"##,Z``C0X'SBS0"(BB,%&8'C@`G"0AG;*D(AW
MJNH[L7HOMI$-&@E=G8?PI*`2Y,T#A<"/;K=U`B-@JS)SB,(2`(*XM>G)BWS0
M`1M>`(`)-"$%48@"[=9F.?)TH`&Y":]XQRM.X-#@O.<=`1F+\0,S&*$X<+!`
M`!Q`!`?(X`-F&`$<X%"!\?KWO[E!PW&)D0`,%(<`1A`4I`BUX`H`Y@UA8$/O
MN@$\0K++70MB4`<N<`$=4$`'!(!J;=^T5>CU0UI1E"UMW63_MLW%L!HX$`$U
M,4`"'N%A!7J80`J2@`0#H``%!K"`"V8P!*;T0*]$^(`>JC`!:ZYPLGVX@1C*
M,(`DE$$/P/P>8J\`!@<L;0`U<,"6AOD!$^@!"6(P@8XX@`,_&,$%*B!!!M+Y
MU0E\P`!"2`(*3%`#%Z!@9C-PK34L>E76O6FJTE.*)`WMPA/0!P=Q>])&?/$M
MVCFZ`Q1P"P6^V^$*R*$`T5'#'/[``@&T0``",$,9X&"&PA#@U6,P`P0$0(#L
MHAK5$#A""*@C`5$3H`E',`,:FF"'$4"`!DU`@QU29X=F.WO9"G@#!9@P@8+%
M0-G*?G:VG^WL_7K[V^"&`PW80.X`_[#!W&R(`:C+2((6N'LW(O!#!O"P)!2P
M`0'D;D&X][MJ!.S7#*^^]7[7W:C&D/L'*Q!!#$0@@B@\(0,K",`3)`X"A@.*
MW%CH`1("6>%U(2@$(^"V'8(CA9+#`0%^2!XDJV=#16<5;7L,D0T5\BT9.*`'
M$>"$"-HP@"NH``#_48$*!M``+7P@!Q'H20=,H((/`/T.*$"?"FR^`CMPX-0<
M:$`0B*`")O1@`5_0@`,^\`$AK"`%Z'.Z!3YPA060`0!"R`(3`$`"+&1@`#)0
M1A!,<`(DU$P).$"""HA@`A08`9PI,`%.;M@ZJ5YHQ#?$'1\'<D]8=$`$7Q""
M%K3P`B%XWO_S#_#\"[3@^2&LP0<*<$(<W.`$"RC`#6XX@&_GL`%&5:<,=N#"
M4>A`AQ:P80D<7D)MI,N`'MCA"2$`0@)H/P?:2V`#M%>#!#R0A1"H80-0$`(+
MYN`!1N4M.A[P0``XL(`)!`$(H_Z^^M?/_O:[/SHL8`$#ZB`"&=B!,NS?@!>^
MP(`CW&$.6N`!)%`%=``$54`&2T![U$$=T+=2U#$'0(`!I(8%2'`!US<'7K!2
M1;`!:C`N'!<'234.)2`!1?!^"_@'`J$X<S,G*39590$W;E)HL,!5T^(A^A`"
M(;!*9H(#^+$J'7`16Y`!N\`+'3`C?A`!,7$!J`(3`H,%\48!13+_1S02`A1P
M`4["@S2"*K6#!4-X$9OF:+S0$[ZP!1<14)PEA!E1A4.1`<IP`6"(+W]S-CDU
M/;.E#LTP2132.NZR$U@0`0SPAU#0`$80`4'H`P50`%.0`$``!%Z0``G0B%[@
M!>%'>QZ`!EFP@<VW`9SB`2WP`'0P94(P`"5``$E0=&+``R<`!XB"!@3``D^P
M!L45`3&0!5]0!A2P%P_@`C\0`"50`5GP`@I0@L2P`<08`^2"!$Z@!B:XC,SX
M?ALX!B[`/P8P!'6@B>O'@2JP`A,P`1`P`1M``A-`!%D@!@_P!7`P`$\0!P`0
M`$VP``]0!0+@!#!@`C+@C0`X`0N```?0_P(8``,<$`/$Z`$=L''=@"XA2`-`
MP`+6Z'[62"V*\X)RHVCS)#TM)H/JH"<`@81.(A1,`20T@@,,P!%,\0H1@`XG
M<0)8T!4%L`5UUV9]"&.\\!HTX@PQ\15E8B9)UY+>LDK.@`584#LE4)*OX)-D
M`B,XT`%'X@QB4@`Y&`$]``7X$8="U7)A\2^7]`\J:%L+]0M%4`$'$`(6V`%9
M``&'\@=J(`17$`-+X`$,@`7NY07>1S@;D`8.X`!K$)=YDP$+@`$J0$%"L`$"
M0`0#L`<FP`$\H&-:X@!OP`$<D'A#8`+G!'<".`,H``!,``&<,`-$@`"547M_
M<`$#4'X/``4KM?^0S7B:S"@!1Y`"'(`"*N`&>_%]"L@H"\`!.H8">?`'!;`D
M)N`"Y@0`5U`%#H`"W_1-*+`#>_!C89`$TR<(5X`!$W`R<`8`T>$%$W8NP2,.
M-``%"6":[X=5,`A;FM-R>5@V"5%)Z8`%#'`]ZPE4?,"#M=,0!U$FU\,X8^*3
MO,`34I&40$4/';`%KW`"!=`&8^(=.(B2`!H36]`!#!`!3,$+W^('J?(*0U$`
M;:8,3(&2+DD!S)`GXNE/%H)H8<-<,#>BM?4/Z'$!!3"<&A!WG$`$2H`!$K`%
M-]":&A`%&,!6)D`#>,DI56`"*:`!POA]FS`!/B`&"R``?W`$'$`$$_#_`"DP
M`B8P`3GP8P```#V05Q:``@YP`#GPEP*0!$PB!R90IG[&!IVIB0Q0`3ZP`#'@
M?<2(FG*ZC'/0`'FP)"I@!B/X?7&:/&*@!#=P!6[P!PSP37JF,AB``BFP!T1P
M!1/P!8EGFRC``4:0!$70`Y4Y`1I0>#Z@`AP0!'\P!W4PD`$R((.T+C3``-W9
MC$,!HE+U<K7U@G78+RE6(3FH$,S`!STQE&0BAFW&!T/A$;#09D]R"X<X#S1R
M(6/R#TDW#V62G@&*A;`@)E#09A;*DFT@)B!BK&V`!6W0!A$:1:^J8E^D4X\G
MAR?1#K?09A!Z$63""R>``!I@`VSPJ5FP9R\0_P74:08?X)H*,$HF4&9#L'X7
MH`$RP`-8X)V=.01$<`%`4P=%$``RP`%(X`8:``<`D`(I8P)VL%$O()P+8`%/
M0`==\`</4`=_H`4-<P1LP)H1T)E%(`%8@'='D'YS>K,F.`<B@`1V-@",:((#
ML`0D0&-_``1/0`"A1P=E(`5(4`8Q<`,(8#1T``4R4`4TT`)34`5_L`(A,`<%
ML`0A4`8>T`0W,`P;``04``!RT`UA(`<6)@!0D('-N`*%00@"8`1]4'(D5W*.
MX1@E)P5^Z[=_VQI_.[A]VQJ'R[=\B[B`&[B*B[B$N[BM<7*#6[F**[F$*[B8
MN[F12[@G)[B9&[A]6_^XG>NW9H`!(W!Z+P`!8Z!&4C`"42``/#`"2C`"/&"P
M:'!OC-NXD4NZO2L9@"L9<%"XAAN\HUNY@CN\KZL!;K`#&F`&/U`&*5,%.U`%
M,,`(/*`$"Z`!Y!<Y]+4`30`'-Z`&+X`!%_`"33`!```!A=D"ZB<!4Z`%*U,$
MS2<!)%@$'N`%"=D!=B"`>N$%(#9R(F`$%T`#3L`J`K`*?9!P4A``5G`!N1$"
M*74"5K`";"`I"&`$.M`!I:*B'E`"6X`W"<#!H^`6HV`JI`($&\`"#:`#(!`#
MO`$"3P`"-%S#(#`8;&!3^>9NOL<&OL?#0/Q[,1":2I`%"9`!J``'YA8#-1S_
M`Q2@C(DA+AM0`N(4`%+``&H0`C2P!JC@!K]Q`%+`!@H0!300`T4P!1D0``3P
M!'!)`F;`!C0``2+@`6?;`!P0!@*"`19F!FW@!<5WPA?0`"N0!16G"B&P%[1'
M`G"P!FN@`.$0>SR@`)(,>Y1<R;#W>I9<R9B<R9K,R98LR9/\R9>,R0=0RK%W
M`+"'RJ=LRK'GR::LRJ^<RJI,R:@<RYD\RY[<RK,\`C"0!SOP`G$@!S[P`N8"
M`SDP(#N``7*PS,N\`\Q,(*(1S`3"S-0\S<O,`[\\NY5\`#P`S,W\S<WLS'(@
MSN-<SD<%`W*``6LPSH/DS#F@+C#P`CL``3_8$U<2_Y-E@A)(V!588!XDT`-C
MP@L"30(>$`):0(\,$`,.9E-]D%\[,`(K0+^:Z"@:L`,/L`8$0B`'T`1-(`!-
M``%FX`1-X`1H4-)FT`2RYM$GS=%.`!PB+=)-`+L%;(%_0``8,`:T)FSGI0`<
MS=$O@``2$`$6D"L@T``5_%\B((31<J[_=%$6`)8X4`(>T`;NM1$;!G$QT```
MQP)_X`/A$0!S0`)CP`89\`(%,`<90``<*G,N$7$>4&IO,08%P`(5P#<1X03=
MR0(=<,<"<B[A<&$E``<C(`"<@=(+K"LK(`40X`5%H(P<6`!L`'LC@,J3O,F:
M;-FYC-EN`,J9K-F?C,F>O?_)KXS+M)S+J7S*LNS*IXW:K-S*G$S:J2W9-C``
M,/``Y/P">]#+&I#;-S"8>_#;P`W<`Z`!OAW<QAW<O@T`&%#)([`'`%#<Q^W<
M=3G=U$U^U'W==0D`4U.;#K`'PYT'.6`#,@`#3'`#,!"C-[`#J#8&:Q`%4K"+
M4O`7@$MN&4`2<+#1!=``:9$!#4`!#3`C+5`!PCA]D5&&_YP/]*$,L="AVZ*>
M_M`+"B$%/1"P2M``,6`&N/"3.E`!#2`C]B`%(C`'6:``(:`#(@`"NDH?TL-R
M=+(YR7`!:#`"FCJ()3`&7_,/.,`&`L#5!]`#YQ;6!-#A%E``PP*W%?5$)Z`8
M;PW_!T48!5"@!BU``*^``R/@!1LP!3K`UQCP.R'8+B3@`\`0$5^A"_]\:I+(
MU<,XQ3U``$Y0RZ1=RJ-]RI-]`",@RW">RG,^VG0^V;$WYWU.YX#^YW(^`GP.
MVZ:]VMN,Z*Y]Z';^VK#\YK-<RF%0WEON`P3"`P`0!EON#<F,`<><`Z`>ZJ(.
MZIY.ZJ4>ZIY>ZKG-YVZP!AI@S*-^S*J.!+2.!'NP`$@@`S?@W6A%W`/`!+0.
M`(R)!.;-F%>:`^F\Z=^@Z1CP`@*&'D[2`Z*`A/`J[0D@``.P-3BPH,+5#EL`
M!3'0`L)8>X10A.I:6QW`%!0`H6:Q$N4AH36XAE*0`,*I_ZA.8%!^T`&!<08"
MT`<8"0<Q,`<]$#,TD,8"H`-"<I46)1!8\$,G$`5)X`(?\`+#&Y54.!0#K(P]
MS@9&(`$D0`/H,>1SL`("$*YT`V-\L`)&4`1`$`5-WIT50`#L$(QSP``.JR[>
M,"#"XRXOP`XGL`4M8`91X%X"$``94`2-*)M>T`%OX`2=[<FAW,F9O<E1S^A2
M'_6/?LNP'>FU?-J/WMJE[>9=O^BK#.=F?_:M_`"]G0-A\`(6\,NZ_@T#HNQ;
M'@::_CMV[PUV?_=V_P#,GO.AGMMK4.=N8`&Y'>NR?LS'W5'#+0,VL`<:D`/9
MKNMSQP$&ZS`:H`%,0/&2`1QN\/]J"/#Y-!`9VY5#`DT-^0`$9D!^-P`$#&`6
MZ5`!;#"D<^!O;5`-%\$AKS&A_\"4C9<V.)`%;R``^!@'YQ8%;;#F'4#'6R``
M3R!7`D`!<Q`#/&`$1"X!%&`&+?`ME2>1>7)/T64&?B`"XW,%.4``_BX0"*"D
M?W``)Z#0<\!0ZQX'4##R`B`5[("L\O8#+`\("CT=45`2%31\?'X''G,,#1P/
M/AB5DR,V9E`4/'X%)!T]$"M;#`D)+!)_0"5_KJ^N<QXA<%$CMR-N;@>[NKZ_
MP`K`P[_"Q+X*R<?!R\;+R-##RLK$SL7'UL`/>0,883QR.W%Y3#MA#P\[YI5A
ME1@//&'_\M[TZ1@V>>3Y>3`#&AH`E/#2M6;/G@$($RK,`P``$H,`.&C@(./&
M"P<I.$PP,>"&AAL#\CA8L`!`OQT-RIB!TZ*#E`!'X(AH8B8#%C]^2.#THVCG
MSC8%8F@!8`2(SZ-6*A1Y-><-`1R*%NWLZ9.J3QPZJQ[EN:(/&R%"W'B!(Z`#
M@15S-DC80,*-"!(@"#"0T&)-@CD2)`"Y(""+GPX%MBZ**I7P5A(KS-!(,6.!
MF1-1K)`83)6&`%<O^+"IL(&"@!!\;#"8P\:.3L-4,[!1`\1-CQ`0H&Q`A)//
M"!8;/.C@$&?-#G<OUN1XPX!3X1YN&J@IXH&%AR(;6,&:[DI"_P0";BSDVG5@
MH)MDSJP9$\_LFK3PY75E,R]LO?M@X\%7>Z;^F;('3+IY&_'B@)PU:\@QP@XY
MO&#@/-[PL,,+/!@(3SP\6+###4@HU)$-.RBXG2XCW&.##3!\*"*(,`#@0$,`
M&,2$`TS```,**"R`0@H+F&`"`'EHX$`[+^SA`!$P<#````-(09(,)LBQ``<6
MU%$;3U9!R0<.<.`@`0X%>+#53DDM%<L;`O`TV52$]2258&?R=-@*%:!APAY2
M2$!`'U*P(<$</711Q!PM*-"`!0VDQ8`??[!0`0A%J-'`&!WP,1E5A44JV$XG
M9#!&`%4`L``=+%@00PA/[D0#`:[LP/]'`#'\T8,`)_AQPVALH*'54:H5`00:
M%'00VQ^T\73;'VJ(,$!P%J3S@!QR:,!&<7%,=0(!$"A&@!D"Q&!K*]1-M\$<
M4$@A3'??2?,=->.V%Q]Z[!6#'KKJD9MN-.'"*ZY]\;)KGS$'/"##`#E@L`,,
M2B@QP0Y,,&'!`#9R($X.%N0`H@DY<+.#!GOX^\`"`V@WPD#@ZN+=,!]W9XP/
M,BR`Q$,<[,%!'B]H,($#&J0@,PH.(!$&#"R&86(*'W"0`QP#/$"$!DAD`&0:
M6FAQ4TY/0NHH%D!LH1803N(T)I=*,?5#F*&*69N96^:49M@BQ-"`S&5(T`<<
M-FSQ!Q8$A%'_@2PBK+'"6ANX,H4`H[901!%&2$$"J%)=_3641YU9:10#&/#!
M`SB48,$*61U.`*E_[.`'JJI^YBJLLAXFY@ILV&I&!R$4PBL-.]TV1P($P/#"
M#L7&(<<#82A;`B=BAD`!"1>`L`(%/52@%!!39*M\=)Z-P,/']:I+S7KQUL>>
MO?.6*U\UTY_;;GWNNJNN]-:;.PQ^_&(01T0FDI2#&TSL(0`'')B00OL8F<B!
M`R8XX,`+/EC`#MQP@Y2MP0VW\)CYH->=!G;,#3XH48I2!H#^Z6\`-!K`DFX`
MD12\:4D.\,$1*C"$'\P@"P_HAQG*<(380.D$:8J*'R+@A24XP`T#__2"FJ:"
MDRXQ!4P[#)L0R528RGU--2?`(!/40*<HG&`#!6`#`IX("R!DP`H)^`,4I-6'
MYTA!`)]`3930)"9%9``-;(B9`]Y0!PM8`50\],.H2G6J5*VJ5:\B#1K*!"D2
M5$`$?YA"%$*0.BC\(0:L4T0C-L`"`=Q@!VOP@3@,A`'=\6XG(<#!46+0!]9@
M2WG9F@,0*``')U1/7NFA#_BP1SU5JK*5K70E];:7O0.$85^6R`'_!D`$$SQ@
M!$%Z@8EF1#\F+&`D$N$?#`1XD3B,8``<6``//$9-"_PB9-"#X`$&1+\].$0)
M&AB`#0H&`PTH`1],4,*0_J$!?/RL`1GHP/\)8K"`%;PA`&RP@@A`<(&EB6UL
M5DM``6XP!AL@0(=@@Y(/OR2`,A&Q,$,TTQAY(@(V[``%5P!`"6C0!QT0``@;
M2(`'IN:!/VR@#Q"HEA<D0`("''0..$"`%1QJ&"%&Y5$D$$$4,J"!#YC`"AZP
MP!-@2!F<S#%S=>P<J/(8*QDB#DI__$,)QG""0AXRD7QP0M[4(``9A,$W#XC#
M#@XPL651H%E\.,$)2("%M;:*#U8PPK5`"<H-Y"8$4G#"`7MQR@?"YUZG)(_Y
MM(>,;,!2?-8KSW@2RUAY+?::M^Q&.RR`D1T<$T,XB\@>;`2#/71V2=%$@@S4
M&8<PF$`#,N"`$@3_R!U>N):OWE'`-L.5P%VL87TH2IE!AI0B;QXD1#?P2(H:
M(@,C7,`'/&##"=C@@^`8Z'DT,*)5J!("+!3!`D$P`0R`H,DM66$U6A,`"<9K
M.$7@`(;CA>BD;+J"%KQ@`5?8`PO6M@(+G,"D<RA`!13`AC\480<4("4!H.,!
M+T"1`,I]H1&-&+8S\2$#4M@#$53P@1$`P0=4(.I3+>.*!UQ`"B+80`_&<`$2
M8`!TCJJ*HQ11@19(8*I\T%4K$+D3(;B"JTR00['"((<P%$M9Q7G!USK@AU:]
MM0)RE0Y=Z9J;#O3!#`H8@P*<F9WM'$"V@76L^<C3C,+6*WRN'!\SP#.]_W&5
M#QOMZ6MD<Q"&%UC`(Q;`@!+\E0.$J&^<%M!Q'-"!`3GP(`Z`OBU`1-M99PXD
M&;ZQ)E]]8`%&-UI!8?!!]0Q"Z4I7V@$&6:8)%B"#CX0S!SS000O,8($HK.$<
M[9"''."0E3'65`TW0(%$H'`XG\2UI+'8FI3&1@*HK)6\P`:V6D.@UF$7^P1+
M8`,6S*"!"VS@!R,@`!Q&R@`CH$$`"HA"J8H<`@%8P<!SF`)'X3A12"4N2I4B
M`,*(<(4F7+@%$;`*#&E@!LPXP4]S.*L"A%.".<1`O`S."2A$0(`&Q,`,?X%`
M*WKE!RVXP@,",)@<7L".=@"9`D)^ZE%$\(:Y+O_YXZ^+P;VO&4LS?^\\\-E>
M?+P,OC"+&1ID+I]AOXS8=.5K7VPVAW9D`&IYA&$'#W!'.[PQ#P0AR`:Y`)""
M-/""7_!@`7*HIHG\Y[\E+4`@O["TUO=P,H-H`.H+V$,X;3"`/2S@#A6`@@"&
M3G1OK/HT`>=A"8"0`"R,%*8[:35<C8#K/\Q!U].52@3\:`0$],$(B$^\X@7@
M@\8SVM&.=P,!\':GZ9S`"0+`00388(8Y_$$!%S@!%OA``RE@P2P!"$'`G>HU
MF]:F`33`P@J$(`!;H2$`K=)X!6K_"B_EQ:ZX`1SK#A,8/^"@!4Y@-0Y@8T@:
MX\3AP(JXA%[@\TI<7,C_*]:X'T20Y.1]_/L2\,()$#`&-+]<?#%7;/5*;F;Q
ML']\Z2<SF%,^KS3K8LT6^X8,8,`.HK-]Z``H=)70#]/D6D$R5@-Q$38`#!J`
M(.X0(I.V=97F$`:Q`+V4`M`D,T10,F(P!"(0#^[@#4&W`]&E?3O4$PE@!ZC%
M!%V@0QKG*+?V0V'B-)AD!D8P>!%0`#JX@SP(!4#P@Z=P"D"8`$!P=WD#"QY`
M`180``5``7P@`@+@!7\@`!6`%:AC!`(@`!G0>F(C);5F@FJB$QE``P4@4EY@
M"#X@`F'3`V^P`E`P!RP0ARN5"B6E!B1`A3;5`4ZH$YI$`6C0?(F@$]"'8]/G
M_W^59%9"-EY,LW%)]DG?IRVJ``NY00)28`9.P#'9E#U_Q5CV%TNS1"^;>'+P
MXHDNYS%AD!^5@"P2H@$AV'\!:(BMB`'](&D<4D!-=V5N$`<+\#Z]<``#,`_4
MUPXW8`-2I@P2J'4EX2-,D`<W(#,I,`$8P`0H\``50'UMYPX[P&I>6!NG@8)L
MH`070`%MH"6LIPA6\`9]]W<S."M%!@$9D!?P&(_QF"AJH`8LX`4>4(_U6&!J
M<(2NT`'4(FT9T&M8T0.L\P<!(#@Q9FP18'R!451B5%-!=%,-$!L,4`(E4`<,
M<``B`!H[-!G``R8(8!D"$``$P#?00BU6$&\I]C5$1?\")]`!\A23NT(;BC"(
M756((7A],L1ZV]>(CQB4#X<%%5!^W$$?[F<>8S98\Q$-,P=S:59FH$A8C:5*
MMH1+ZF,!/,`#']%_(>ASJ19T0H<.84!V:^!:/F!,31<N%K"+]>&+#BB,-L`+
MQG",6X=:.7(#&%$CSM0$6E`W8,EV;Q='B"-#"2`!'<`"5@(%$^4',<A00T0"
M;"`%*[`$(G"9F)F99<,&G/D#"&`$G!F:<(`6L-`"/O`$.O`H:55=/]``&Q`!
M8]`#,%1DH!!X$C48)T@9#K8(B-$'6'`*=7`*"F`%AW%Z,=8``5`!I$,Z;`":
M")8!)Y"#119$?@`:,#D9547_`JICDWP`?1`G`WE&<:EVB+O#`[H9)1SG<4(I
ME+J!!CO@`R.@#(W'5ZD$<U/)2D[I?O&WG]Q3BIQH<NB3<^G0,AT17!^2`_TB
M@M77=F")`0,0!\(P`B2S`$TWGV&P`#80'D'3BF$PC,!@EUHG3@/P$#;@,`42
M`$8``J0F=&R7C:"Q8J=Q%&OE`3+PC*SH@H:#$S&0-;G&-39%`0VP`B`PI$(Z
MI$8*`AG0`TJZI$QZ`14@!0P`"YQW;HI0-W1'`(+3*"30``3@!!70*D1&F(21
MHWE'*P0`!0E0!\&9`&N@`T-D-8>#4U^X)46%$\QW53S1`U]@4AY``#(@5M;8
M9\G"_P:[DQEC,D;<IY[K&91%,`4K,`81PB'QZ0N9*%B`-7_B0DOFTHFGI%CQ
M=ZG8@W];F0XYT&GA)`/Y(78GTUL#L(PV('2W0W9QT`MKH):]&`<2T4#"(`.X
M4W$8<`,P<&@*`*(2V!"5I@%`%P<\T*L-VF>L%B6X:7PW$0$5(P`C@`1%`!79
MAS5>XG=`]*:$648M&5$K(`52^`HM$`5;`@H=,`(1P"T(P`:@\`8*\`09,`((
MP&``M:UOF@%GFJ9J6@=M&G@15:?C>AAU6IV[@DCC59&%P@`58#`+X@[(PI/[
M2E%`N:B+*DH-(``>LTVSA0WMEUB"]1[_:7+3,`TB*XK:\_]85=FIP(!_J=8?
MVS$"`'(/G=4O#C.,!V%V!Q%."#%-")26%(HO<0`SX"(,_$</1`>L'T.L4-N`
M7^FKE>"BV5<Y$(4#18``'?`':]``+*`F*R85"^6M/AHV5Q-#ZO6F%!``D>@*
MHT:G?+`"3D`"=D4":/`&"!`%=KL!':``52A16`M00^2O:`J<)3"PNTFGW/@H
M7$BE5G,F5H4(BQ`#=B!56T``$LL#%%M6#-`!YDFF@Y&H5*.QIOL''D`"1@`!
MSG``BB9SH]B4+]N?-:=E+5=8)0NSLBL,IY@^WQ!TMQ@N!Z`R'/`!.<`!,'`P
M.1`'`R`@/.`P`9,'L[H+$;0':PG_GQC``3<`##>0!PGJ#L.(B[H`M9:F6QS0
M6W-VC0S:#H,Y1#B`!110`"6P)W,`%%]HCCQJMDT#KK.BMOOK!Q=@!&_[!W&[
M)4L@`%.P`0P0`6IP`F@$!'-0`F_H!7CX"6@R-A)5%2M0!E"PIFHZL%W#CDTS
M&(9#IN>FL(;4*ROP`YC;5;83J+-C29WP-75*NHYXND(I2B&0KKZP5R0;NYKX
MB4'LG_;79>Q7NVZ`?R$H:1US`'F0`@XP`0#P`8TF$3Y2=O["("\0!S[`"[?@
M`P]P0$++`_S"5PJ0!V)GJO\@3J_K!N2[=5VW!VQ6=+%8"3Q0`0F[%>>5`#AP
M`3V@`Q%@_Q34V4/YJXXT3*<F'$-E]+\-@``#/&K2E1,$ES<Q``%;`%,07`)F
MT`,;H`928`0DL`7==<)3D5Z'6AL9P,$)D)$?[*9?HW?_Q$/GN6L8O&LHO#J.
MDAB8:P02*YX&DBPQ4`<=T"Q/M:WIJ60X?+H)4`%FT"Y%K`R9>)\L=[N-M65_
M57/8\W+AXBX!V@Y\Y@/XP@MR,",]E0*-9DPV,@$Q(FL.T$T(*L<8,%K+U!LC
ML``:@$!NL`910"#R$##^K&BS]<9V.<=B.9XAR`,Q,$2YAQ-U\`,3DP(CD*W_
M1!5E:\BU)BF#/)&1'*-^T`-N*Z5FX%2GT0!.M`%^$`=RY0H,8/\&<J`*);!3
M,.F3MEQ&Z;6(?N"O#%`'&)F1H6:"9R*Z_&I36*L3A30'5A"(NBS!1@">$U<)
M!C(Q2U`'&*=B3W7,-YS,&YL`L">TQ!#-2#F[NHNRV0S6H2A_U\#-6/D.MC-Q
ME'H`:Y`1-^`"&L`+.0`C%K@D*2`#1#``'_`R&^%!ZFP"$^!F->H`ZH!#$C("
ME]A7VS1-`GV,_7(.3&O0WE`&87,"/=``#:"D%%`"<L(!1S`%)9!W3E71NK9>
MCM*-Y44FKYQB4I$%<2*E42#3VS<&"5`$"RP!+/`'#'`!!H8%)?FB/JF::ZM]
M_AJ<:EH""6`!%["-(4Q&A&N".C$(U5G_"(9"`#Q1`2PLP=*W(.T`2944U:!+
MU51AU5A]WFH`!4_@/-;D#!9P92I+?\XL<][S+M<</5/)LJ'X"Y%5"605#P"1
M(AH``WE@`_)@X!9P#A?S(<]8,\V(`21A/P`P`2F`!/?#`0,B,Q.`!"#T`40@
M3<G@0`_4EKKUV)7VJO]'M5Y9<:_H#8"B!"GP!4.0!5="IQ4-)HH<K86IX_R+
M$PT0VZ_`!NJ:T42)!E'J7U#@!?TX!RNP!B"PKX3;F%,QA@&KTW6``12@82IV
ML33,1Z[';;%1!"I\&:<`![U<M6"L`2*0`*`KY4^8L>>-U46`!0$@OHYU'N&!
M?N1RQ+!+E=IL_UCRM^=2F<1827VE]1'!%5SY,`#[4FG%A!`P@*`V@`0[X!":
M\C(8`T(34S,FP`$I@`(21C/6]-[7E`NV=+XF;FG?J^)?&9CJRPX[8`4$<`=-
MP`51+40W?K:)4\H]WF"P/<!3ZMPX$0%]@`!04`(9H`!OX(,DL`85P+\T"*>)
M0^7(+<$YT-P]R=J[+NVN-K:.<@*_,S@7X`2R40%EH%;%_@<ZR`9,\,*6$&=J
MG@#&X;B)0[K>%^=8O0%%`!?8X<-(6<3^&=;E,F;_?M_[S=\XYPT`E#N3?>"5
M,"+!!0/`R@0RT&G^('843Q%,<`,5(0.RR`1I"1`8:C\#X,4,Y!LZ4O_BJ;X'
MKQJ+;%?'S;J@#W`IG!D`;'4X%%W(WUJP$(G!J;WK?/#K(*WMM:%6+0`'4H``
M(M`"?4!O;U0`[[LTJ($X.``5/%3U4[$"-`"<:LH`/!``2Q#V8C_V9%_V9%^9
M8K_T+1`#E_D$;(!/G&FMGFT%"F`&!*``(/`'1<8&X.G=YT`):B[5:-68-HSO
MAA_!*X`&O4!+N`OPG9I^2OG5VRSYVIP]SJ#$WS`Q8-FK`B@/*40/\W`#!5/Q
M%%\P9:<!^7'Z_APB.8`$/H,[@!8'%F`!LC\.$9&,*V\0+5_'L.B`;9<.OQ&"
M/;8#*S#*M9;K(DQ$6^[SRN\'0A_D0Q["A7/_`:'7!B=P`3$`&'Q0`&A:`IHT
M]3B!`Q<YRHO``@F`.&/(]74`!;*E,=NT,?"/"[<`LKCP_@ZT!CRP!KF0;0(`
M"`1P"&]&;V]+%$5_!59/+2()?QX)/TP6<B]A&`\^&!HB=11Q?GY\?*6II2)&
M14`E?[&RL[2UMK>XN;$;$B=2%@H'"@IN;@?%R,7#R\-NQ,G/SL3/T<G6S<[*
MUM++R-3;T\K8QF%,`QB;FR\R&NCNZ1CQ\0_N[_+W]1@Y\?OZ^TH#`@H<.'`/
M$B1[$BI<R+#A0AMA-MG#%R_BQ(D/(F[:(4*51S^.%L6:\T:`*52E3ODA$:%`
MB!4B*@28.=.*E0P-_W1D:<`S9\\>0$7`D3"+C9E2)#SRZ>`'1P<^);S,2>!!
MPA0)E-C$Z9.`!90$;8JH`9*``:4Z9CRPP`+"2@(W9;P`:0,%RPDH#+XF2"!A
M3M\Y@.?\P-)%QA8+%*9^0:&DP%_`:CP$ED#BAV2_@#G(F*-F@QHU?#>('OUG
M0P(VEW:\X+3#1Q@-2UCTX*'28X$")V06*5%`E^_?P'-)@`+"S8L1QK)Y&]?M
M6K1FTYA[6RZ]FK1KVZ9#BW:@W#F-&-8-8"*#O`P;^21:!$_1GGIYZ2SBBV]1
MAL/[^!6BEPB_(O_^\/VWW@-RK/"1*:9848%(?P@F`$HIU89#`V.TH,.%&?]D
MF($.(M#DX8<!=(&`%"O,,4L+1WVT%`XG4`!""R<$4(`6'%S``PM`T)##$SY<
M<`02,9"!!!M'*&'&`#:P(4<3`*1!P0D7F)!#%I9]T0029'151QT);&!+&>>I
MT($*)/R!P1Y+6&"'&2F0P84)0@1@PA<<<-!$'$&D($152Z1@`A8/+#$`!R;`
MP*`L&P`AP"691-3))Y&$P,,)?."`A2HG%.#'"BNX`DMPH(;JVP9%8/&$&6MD
MIRHTXF1733C@**<==JLZ]UPXW9G3SPMQ/*!!0P-H(*RP2MB0@PW((OM.?/G,
MU^Q\\%AD0W[4,I2'?_?(!T]%[>%##SHOK`!A*J?_\!'#@K*09)(J)(QK!1Q%
M>"E:J'X58:^7LK`114H1\A%""&P@8$0&!311AA(+[*!!9P.$4,`+1RQ`J`P6
M#%K&)@/XL(`-#I@0P08/+##`D0(0RH$6.";`);ZT]/"!`QP,D`(4$@P@1`](
M`#"!"A.DP,0""Z"P```I:%`G$1\4H`;1$]#0,0=(F[#%'+P@.H<1J6G"B2>@
M>!&"!7`08$;8`I0M``UEKR`!;Z*V[;8M<Y30``$*\(`<K=#)JK>KJUHWJSCC
MT"JK=<_D>DX\F7Q2[7TRW*"$$HZCAZV`V<J7[3P1Y;`'!XM3>T/EW';+G^7U
MR+=#!>U"6"X?"C*H;H0J_ZX@``D>_,'`%@5`@=<4O/?N.Q`L!!]\9"S_8=2X
M)_F1`0TEC);%`#>L80(2"111A1DZ*$'T`@X,\`02"Q3`@QDY')`"!Q-,<,+2
M&@!@PP,?F#&!`Q:HP:7*Q<O"0,\*B*%%7U78PPKV\($KH,`$#E"`R9"T`"8X
M(`4?<`$%>I""!6B`"#FX@@*X]P(/>$`-LR`5`9@0!]6@XU&@H`HM/."%O5`E
M`4"0P`8H$(*WV?"&O""!$<:P'58%KE:``T?@_+:WYFAC5D1T0QS"((,!Y$!;
MO^I<M0@2$/3DH!]85`\]V),.S2%$BO>Y`7O0,;IZ;%$C87A`1M#HJ(R\(`/E
M(O\7*DC0NG3]8%T(2IX?L+`%-J#!`T4H0Q0(@``(1,$,44"#!1;)R$7ZP`=K
M,(,9P$:4?$4!>4A!``D\TP$*8($#2,"!L%B$!1C8X`89,$,>RC8``MB!!0+8
M'`$(\`(-[&`*!5B!!_S`A@X\``H*@,$2ML`"+Y2@#E0;S6CF((`F%``)60`,
M"1X`,[0Y0``AT\(3T-`$$ZC@!5(P&A.F$`(:5.4(#"B#!S+@A@8PH`T,*($\
M2X`#%K1`!B5<31AVL`9(U8$%?7E,,HN7@`?TX(8(M>$<H'"JOUV'57V+*#.T
M`YTA$NX;$$T&#YBP!R=*1`ZO`:-(J<6$/)CTI"@]J7W_1NJ0'4!@#&88`QJP
M05/E*$"29LNI`"3)4S,(8&"U<5<%7((#"A2@;"A9G4I0T0$"?%``+3@0O_*8
MB@YT8`4(J&0L4#354N"``05@P1^PL((`G"`"L;&+*>H`!!R4!7@>`((:O*"6
M/ASG*T!0"UT]4(`2`(%+)="=!,JR%RA(X0T!0X!B%<L&(_2!#7T(``*>,!,C
M./8-/R@$8ELP`B5HP`R,-<),9NE3.!B!`'V`@Q1H,!,IP.&U/L"J#.3P`!.B
M,!19\($1X("&-;S!874`X20"T``2"#>AR!55J:Q@!B<<8`3'J%42@<BW(^*-
M<-1-Q@A.F0.0QB,.BF.I>,=+_]Z$K*$/Z$VO>M?+WO:ZMP_BBB,?D@*2"H03
M`$3@P`A,HM3YJJ(#YE2#`,X@5035AKZG:(`4M/H'KJZN%`4``AM&L`8+A(`!
M.`""%QB0`"CH\5(1(`$61-R4J'`X`5BH%(MP`#M39.`'>]G2EG@@@"=4X,8X
MSK&.=ZSC!ES@`C&I`$XXM8(&`(4"G:2`DI&\Y'_MH`4$D$$Z^MF)UXB@!%F(
M@@Z,X`0$X*`(?9%%!$QP`Q,E]\RA(A4#.B"`5!7C`-'=FW.R*[CI/O3.=';#
M"$;0JQW$@P?A+:^@!YV?`1S@O8A.-'O?`$=3I`XE"BK`]S@0@RCP-ZFU,44#
M!.!!`?]T1*JH6.JX%,Q@?8G:JPS0`00X`(`()$!%[5I)"$B`@PB<8"<\N4`/
M<-V`#?DX`N6*-1^60``9RW@-&2"!LI?-[&8[V]G!5O8IECVN^<IWVB38`1O6
M,-O:4IEK5XX!#<Q`@`C(,%T-$L`$B*`#-+L[S0RX0!^"80QA3!2(U,#H$*=S
M*SKG&SO8*.$((@+>*!+ZX`C?@P8@H.B&)]H(.GBT1Q3T`R(L``0G*!OLD,>'
M#`C`%33008%5D>E2D+HH^_I(AGNP!R$P8`,,('FH2]&!+9R`!"UP;A1VOO-A
MC&'GO77#&^AK8!`P3\9[&4$#NMKBDJN(XT'EN,11HNS3K8'_"6'(Q+<AQ5`?
M"``+^:.:&O;@`@-HX-UH#PXO(F"$-2`'NW.FCG5;%<2_W9ON<6\.,4;``XLL
MT>`)#SQY-3`&AQN^O49H0*B36@H%`4`%2$."UTE^H"4H0`)`^,'2K7V@.,:Z
M%#I8,,IGCJ`",````]AO"::@%*2TZP0X,$(42"!676#A#3JH=@8(X,(2)*``
M&!!YU`M<[9%7N^1$WSA'^HD!$^ZSGZ``@@YLT*7C(NH$3`@!#A:0]N[KPLQJ
M8(`5HL`-6`UN.]&1KJOR35.,]O#.P>#!#BSPW4`+_OXC)?SA]Y_>`(0@)<)V
M"HX`!"8"9@3P(.12>4Y@%0BP="3P_Q1.=VVI<'*RT`*S%U2E``07L`1+L`)3
M``4J02G5AF0"``MSX$$L4#L-DH(>)$-90`/5)@+%AG0)L`;"EU02UWJ.ECHM
M!CM)$4=,MX.EL'SQH!H1,7_^]"2XD``X4`%8@`4MP&#>-X5P`P048`9NX'9C
M\$,.-7=V1E'+H3?FIRHCT%T9`6@8(`<\`'CXUX:+(P,"P'_\YW_],FWF`@<A
ML`1ST``=P`8T\(/(0U]9(`"8UP>;=VV+1W6J0(&Q8&KM\GE^@".Q(%<IUG2+
M]P8(X!D0X`1CL(E\(0(*``$0X`-ET@,(2"XK0`-<LHIU$`87(&JP"(1R]&!4
M17F.=A*KH_]L>L01(X`..S`"WT(/H`!6#"8!$4``<A`/,/`Y&,`#.$"%T)@+
M<M-FT45AV0!G8J@J?G-1<!=1V<$#">%$9"0'%L"&;GB.]\$$<2B'AV<$3"%'
MJ6`%-+`#-K`$9L`!:``'@)B`$T@`F*=YN(@4L?@162!ZEE1RE=(`2O",6G`"
M,3=R?H``/_`'"8`&(/!C$``%1?`$-/!C;G`!?]`#95!RR[,E,58'&-`#_B6+
M>L22/:B#2H%IF,2+$?$""K!&\0`*OE<\'D`",4`'+4`';/`#=$`'(@`$T9B4
MMN`9.C0"QP%GQP!G7(AG<A:&S#&57ZAG&-!$B9-&(86.8,DXJ,7_CH;G?W;X
M@XU'`WD@!43``Q/@`S0@@BIB<OZ8>8H7@2\Y@0:Y59>$EA!&!]W#`!AP!*_V
M=*D@D7\P!6A``:@0!26PD0A@"@>P`B&)1RFQ/"ZD,@F0DJ?&=$[7+T^7%`BF
M.E,U+LNW$6[P+>@`"G6@@K>``S.0!"XPD4I9FTOI!P&`A=+%?MF(;QFU;^_G
M!JYA#HW2?%\9ELBI$'DPEF39<'2H@_)H!"9@`BF`!GX8@.Q2"EE0EX:(22O1
M@[7!B,9C!K2X1W20`T9P`P"0!0P0@7$D!1,Y!6OP)'Z@`!KY!&]P"NWT!SZ"
M/)BI,B:)`:^X>#$9DP,I<P4Z5;&6?#M@_P5KH`X*X&?RP)JN:0M0D`)X@(^V
MN:&U,`?21T2O<AW?8$3KYW[_9BO)X!UD%`8%EYPNN@<WT)R&9P3_AZ`@`0<"
M`#,+D`,TH(_8=B"#^(^*UWD(&IY[V6#D^9WTA05UT`</L$@>4`+%%Y"*E9A1
M0`&E8`&/25FE@`8UU)_35@J[=Y()4`*<*9!!%8"`F&EAZA&0")-,UZ`/FG6I
M*1^PH4*X4`*0IP)KP*%^2@MSL`)PX`32,`(6<`R'^F;1E3=BF)5AB'?6X!HP
MH`'=A3AA,"@OBIPY(*,.]YP;QSIP<!#3]`%QH(])02DGX&@HD4I"6HL_6F`%
M67N-N"^TB`,B,/\`6@``'`!CAID2!,`&MA,%Q>4'%D!7`?`$J."E(3F2G*<\
M-.!"`:J2H$9Z,N>=$)D\.<@O<HHX/J!/?:>37I`+0/`!A,(#?WJN(S$%#0`'
M"F`!%78,/A!=<<8,)$JB&>6-VZ"B:(0!`^``F1J6/,"I#4>CY!*`[V(&"X`$
M#@"'<9D!*P`"*Q!Q%*`#(8`*'H=Y#?AT;*J(?J!@LCJ>\+A'2]`.#N``73`%
M@:A'$``"C&`&J4JL=%4!GZ:L(AEL%ONL)UD'.2"MG6>M2M6S+[F2[ED@:S!_
MC^24[NHK(L!AM,`+GS$6,L`!&M``G8&NZ+H!.F0&(P!)<6`,R&&HW%#_773G
M?B*:1-W`1.)(1OSJK_^*'\)"7@&1$`$KL(GFJ3(GCS_0/BZPJ0+P`G80BA`@
M!$$0!.Z*<:"(>6;0:!N;"LF7"CKP!@PF!000B!$0;V;P!79`"2L!(9#(!RO;
MLB]K`2DHLUU:0R+Y$24)H"J3DB$[FB%;L!@X<F_ZIG[0`2]``4X@`^[``[4E
M!W(PC%[@)53S!XK2/DC`!,4"`S"P!P=EM>@J`0Q0`2/PB\F!?OB&E519HMW1
M1/L`'OW:MO@W``KQ`G2;:##R8!#R+JDY`AQ@!W9%`U)(*E`@`!6P`E%0!![@
M:02ZN=::"DL`O[,P2YB$`UE@`R.0`@!``H6I_SJJ\[D%X+))(;H>0+I^0+-E
MT+B[QXJK^XI=Y;IYV73?&<(?[*8/>+NH$08^,']]IC"1<!68)R\:R`:SM`:6
MAC8,X+Q6*QKJ2@-K4(W'X*@_U&^#4U')<``/H"O8\KW@ZQ`'06@64+Z(AG&P
M=J,_0"@?(`-F$`9;L`$;5A93$$-_\((4$&#T"W532BY+8`1F%@NS="!8('T(
M(*IU`*>F$`4L^\"40JRCVQ$D8,$D.8.:N9D]D*`,?*V].I<D%VL=X`1`%@:I
M$HI.8`8*\+L9D``B4``>0`!:(`FE(1J8$1CY@\-_>H(=\`9.$`P_/(9B*[9Y
M0T1&;`[IH<1+K!`(@?\$`V!*-]!$"E$GU)(S"@$,]!K,PW``8R``",!_/[`"
M+ZM'"0('NV<!*4`!""`'>04';B``"C`"8T`!&^!Q'6`&+"!@,>"=XT*[2Q``
M:_P';5QR3&H$;N!`$E`',BF+=MRR%:O'$PP"R6JZS(J*S[J*>\&Z1<K`/DO0
M_4NML+/('1`!+0`"("`"5N#0(H``>1`##/`$>?@`)D``+)#.YR;*(+T+:N`'
M+:!G:T"B<&8!L9)G*TT.NJ(MLCS+2,`!2M`:>[8&/M!W\:`L&&`#,O#30/W3
M3)`#2I`#,H``2^#02<V!2>W0#HTB%$8#R)Q[`TE'<``"%L`#9:`&"+`#<17_
M!15``1>0!6]@!1L@@Q>0%@)6`4)+SOUUSNF,7O)5"EB@!A3P`!S``W5Q<[A(
MSTL`NJ6P!AY4`;E7P?S,+Z?PGYG)NNZ9R#HH@9^9@)BD;"<`!]([*````$.C
M<&73`"6P!7#P2-3Y``PV+R%]VG\@`04@!>UZ-\B`C45D9[+]9D?\'6@4TTM\
M#B]P`&NP&AC@KG\3E7"V9]&U2"_`R;K@0;C+</QW@\R\*7!`%K6C!E*P`ZZ0
MN*E0`3'P!VC-:6N-D&Y=+G`]"X6@@_04`!?``'`@<N\H5?6,QUDZNAE0NLO:
M58KM0HS->,3'+\G7N(<L50](:[5E`0EA`2(C!YL#_P=<(I@^@`0WL`<1@-H2
M#C=3$`-FT+5%#'""DUWC\`#<VQ^X#;X\8`PVT*\E.S2W'!Z0M`8LWN(NCM,L
M#@%5(0$T7N,V;B\RY`%2,`)R&'$%I@,$4`+"`P35?=W)5@IGL-TB(``78`21
M4<:+&\)LZ@?C+0OE37FTE@"!`3PXP`<%X%]Z1`)1\-?PC<\4;,&HB[,JXWL[
M2\>/S<S]6X>=]X!?Q08+L`=5L%,8H``=A0`H(`<DP``2X`83<`1-0-J<8=H3
MONAJ@`,$P-L8OJC/4:*,6BMHVP\5$>*9R@$8,`9AD`?W42>L)NJD7NJD+@=Q
M8`%QL.JLS@.I[KLO4`!%@/\`Y[5_/W"#:>H'(M`$1K,'^+4#U@T$B:L2,:#D
M!'`!WCU@'&=@!5;EL7#EI=D&(3`07>`!P`9J$$#F+EL*/C#80TJS"%@;&6QL
M@@R:U]J9C_V9F+:/(C8&*>``:&`#47`#/&`"3(`&*;`'814#))!Y30`$O\H9
MZ;SH$KX!'E#*A'H`(][2=3>5VV`X3R0?FOZB>3`"<K!2'66.'25%2B``L_3Q
M('^`Y+8#YA8`/-[<?0T[EJ<$:P`%*X`"6K`#)9"_C>8'Q<[=41```O`9RDYZ
M[CDNSOX'Y1UU7MX`'$`&9/```C#'(^:=]8P#V^X':X`5%;!TAEV9!-IQ,XAT
M.]O_IIZYL=3Z:)CVW'+.N%BP!#*`!C1P`W+@!AH``V%@`2;P`&W@`6<E`9&A
M!J*EZ`1/\*2RVA"@TME;E47T\&%P`^W0*`_P`A./G+;L`VYP`YS#$!H@OBP%
M`W"`:(IE5U"@!G!P\H=WZR&K$AE@J`N@!57@`$/``U0A`//=%-K]!]\\2/@[
M8*:``S]X`GF<JJ^'^]^Y!&^0SE*``&".BR5P`@!P`2'P``B0`+Q_<V>%8&[`
MLB0P!GYP5CR0*(9X<V/0`Q)PNK,6:ECE>XNMDBG+8BE_^WOTG5T^7ZE:;;1V
M_2RRN1^A;!>@`":%!":P!R8`"!P`#GM&=1)9"4L1!%!&_QE_D9%S<QN2EYB9
MFIN<G9Z?H*&BF!Y8"&YN"@IN!ZBLKJZJL+.KJJMN86%,#R]K+SLO-X1[Q,7&
MQ\C)RLO$`!HC%@/,T\HV<'W8V=K9/"4>!"/;XN-O/7Q^Z.E^YQE.%%4#`VQ6
M!PE`8PH$%3\"`G]S'KQXV,#`"80W?5I40/!DH8@*;)X881.`@)$*4A"8H2'A
M$@$W%8R(&#DR1@LH:V#(V-%C!0$$+5K0L,)F80LS&+)("!'G#0T$+_Y,,1.%
M0``%/22LB*,Q"H2G;J1`J9.@:@(,YLZI.X>%CU8^)SJ@PW$"AQ\2:-%U..$U
M70<^'4B<P-+FQ#JMZ?B0Z"`@A/\38D@"`^"0AXV3!A+NG)`A90\.*9`B;:`$
M<)3ERY@S:P[E@:^3$:U<A8X%2U:J6:@L8,BA0<D.##SDA,DQC)KMV\I@C."Q
M`/?M'-?&;8OC#9SPXWT"-#"K3AV(,4U,I.!0H,0%(!(ZQ$#PHT*9%0`W2`"R
MH0"!,7!$//F!`,(3-NQI_/C!IH6(ETL"_.A@25($^.PAP-U\#9`@@$H]^`$'
M`G!($8`1`B#0QT1E"(#%'R7\8`8;`D#B004"Q&#'#UBHT0,!(F2@0P\-4$!!
M`7,D4`=5"821P5=X^1$""7=%@`X6!700PCI81&`6"5YU(%8(6,1%0@%ZF047
M%.=H]5;_!Q90P,82%V3@)04=-$"`!BM(((09'&C!018"]!")&G^H8<D<F]5I
MYYUX:N)!`32L,@(J+QQPRVFDH0:+#S(`L`<&+U@0A@4/T.;;I+[IAD%OE#+S
M@A3(91-'`M^$TVDV"EA@P9\$T*"JJF:@X>H($"0PAP0/%,!)#S)DD`(-96BP
M`1D<F."`!T`P@$4.=-!0!`-J>("#)0.8@`(<3,`YB@<QD`%#%Y-M0($&/=S!
M00)(7(C&`@MPL0$.:G3Q``<L,+#%!B'4L4$/`)B`P0,/2+!!?W/,.&,";;Q0
MQAL5)%Q!#$:LVH\`K2I@AZM--.%$$[:@$07$`M```0%F"%`4_PU1H(<&#0)`
M0`-T:%B,L0\7^("!!3O(L4.I/L2A@0AJ!"!$%18<D8`714CBP10"L!#$$WDV
M[?33H(A7P',6N/'G+8,:2HL"!^2P!P`V^/"";*O5ENG9R`"0QPB2HIT,#YR.
M:@$0'@B@P*C8$!`'#1DTT,`%@`/>0P@1%!Y!`MT.=*L#`WS0V@-SV/!`#T(T
M(,,>/A#"@1(I5*'!#4"HT9L&`\S`!YVB5!)G1W\0A`03#EP!P0)0),"!"'1\
M00`',*B9Q!H`+%"&"BT4\<,"&&B`@@E%2R)!"0DPP(`]7L;PQ/77M[`""!<T
MP$,#(8<P0@$1Z*#`"Q48B44&?<`A>/\&@9]Q``8"N/1WF!>L9>06A?O!P!IA
MPX`<QL:+'>S,`VHH0A$DH+I)#"0#'$``"AP`M0I:\()S*$`,(/"G0FF--+*P
M@0E,P`$-..`U97.;"HV1@ZXM0`,KW`,,][`IO/G``RPP@QGPA@`GK&$+3H."
M`R:`+@=`00(:,(,'2N`#`,!@`2:@0Q4^<`4B3*`)$BB"'`:``B1,@'6B`.,E
M)!"'#SA`6EJ0@!^0X(T8<.`%$W#&%31P!17LP0`,\$`&;L"!%#@`"?V)1!%J
M)R-0!1(3D_E#$5*`!21P@`0.F$,1SK6`(\S!2%EXP!X8``0L>.!)$LC`"/-0
MAB"(41,;\,+_&G:P!@'R(`X[H-G.&,""0V9"#3#8@PPFT+P+^O*7=9H,$,3T
MF1$TZ@"MP)K6N(:!">YA`2C`P`YX8`.SQ?!L-F`;$F(X@,MI(`H2&M4-6;`Q
M'M+``F8PB7VL<(88N/,-!(@GR'J`NDYXP(L72$$*FB4`WDU@!.AR)!UVN3P.
M+.$/7GBA":`YKV!NH`L?"`(;9L"M.>QA`$@PP0#.&(0'7$$&*$A!#F8P&1HL
M@(O!\\`?!K*!(E!%8(C;Q+]:EX(#3``%@]D`"62PA!)$X`$.6,`:.$`$'X0T
M#Q_X0A',<`4`-$$&)I"3+2^Q`1:L(1<8V!</PB"'`^RL#N3QQ`MF_]`$&Y0!
MF&A-:V8DT`,!$`J9'XS%&AX0O.GH:P=Q:-LUT=;"''#@FC#4@!/"J8TW(&1"
MV%B#!,BYPW'\0!P<C,,!HF`&`5DV`%98`4T(@(80J%2FE<@``>9``RD(\@@P
ML(`:T."##B``!Q*[`0%:,(5(/$$)&(B`'4Y0SZBQ3CRMF\,4:-`##S2A!'^0
M``ENL(,.%(!^)\@"#UK@A@=T("@2\(`3;B"%!D"@`![`H1=J!P4&"&RJ5)5`
M`,P(@`_88`X=T$`,O+"$"0@``PZXP0*TX(()!/4$'@`!#P`P`3(@09&GO$3`
MKIK5?<5!@!:8Y6<[<80)Z*`+9U6KAC?LB?\-=`8.%O`!:FJ!BD&9@0D32$$<
M];55O>XU4]FD#>E4.``ER!"<VQ"`%!Z;C0`\8`-`0$-C\;81&E2@`2$XP0GD
MPF2]G"`$5FC",@"`!`!0N<I7KK(&=*!>#3AR,%3>'`?^JJC@67D`'/'(Y:AL
MC#PPP%^1*,`.!&/E-==YFX'Y<I@=N8<JCYG*@QG`#6SP`AOLP`9FD%X)J%("
M]$KB7QLP0!#HX`(\;$`-57#!%8+`!!1,``,V2`$&Q)""!7"``7.PP`<XH((N
M#&NFFY@#%'SP``SD8IJ,DH-\F75(+Y2@`&4!-@FH$`,!0('#R$YV)O94`3.T
M8C2F2<4JUL`#&2#_(0<^V$,87C`;:[X8-VH;01PX$`_`HH&P?:!!<+9Q`*&,
M8,AX,T)R*-"&"'RE.>MPDES0T19UI.4L;/%#9_]``0'P:$<D2+)7L."'L."`
M`EOP0P;>(,8`T`#8!4@'!8S0`AD,\0HON0!8&AYP'"2<!&1I>!O\X".NS,4K
M9.&#.0K`<.:`@`!5&5A56,#SGK,`AT"8`@N\$(,+4$![Z`C!"MZ`@PB,@0:`
M8X,(5A"%$#2``04H@!3D8`0HC*$$4P!"T*<@+R:1``IT&T$8LAJ&!\SU%S(0
M`0-:D(,1V'T$0WC8PVA``"E8H;;*#KRREY4!,PPJVK=8@RX'$$N:Y<+%_S26
M1F#ZG.?)(V.;5`YQ+E?(`70!8`?(?+8/UK"&`]`@&X;'D`4$@+=M5"!_:/%*
MCM:Q;Y3SZ"Y)1P>2[K+P$5#@#Z*-0`B4U"2V\.%(!4`+RD4@!3A'X@T(:'C#
MG1R`"W3!A%IP;5S\8/(0M$4NR3_'[=$B%K2T(01D80N/I$2"KH```N9-``L2
M``4GH&$,^!^#'<9@!@B@`59C,`)K,`(*L`:KT`JDAPK(5'J@L09C@`8',`)C
M``&D-P)-0('WIP!H(`N@,0)1@`-JEU4/<#,VHPL-4`?M@&^R)Q=&@B36(G@P
MB&Q`X!(^A'BH\&"ZL`,[L'9R$"G>AC9Y)@@:,/\88S9FQZ`!,!0/;R1+2-B$
M2"@#3MB$>3"%2C"%>:`$6,@$3(`!1:<D2M(`&6`$3;`&!-`'/Q`'3(,%;G!Z
MK9<-%4`!5=(6L[<50T)[^)9T2'(.:_![.F`&Z7![2\8C&=<<2V`$$@!&`D("
M1I)O'1``,8`$1%`%7+`""&!TZS`D7N%]_'9[S=%O^;8C_':)#9<!-)!S=>`%
M0(`!:_`4$_@4(B,`%J<J!``'$-,'""``?1<`N"@R($,`K(=Z>3.+M=@Q$!`W
M?6`&!'``/-`!K22".^`#**0$%U`'67``G3B'R?>",;B-&L8"'0`'([`#!*@*
MK3`"M28#.<`#MK8O.6#_`GOU.A@P>J2W!J-':SQPCSP`#(["`Z,7>O-(>CX0
MD/(HCZ0W&J.A@`=``+V$"75``$X`,3>0`']`#VVH#6]8)7FA>WF!%WK1;YX8
MBN@P`B<PD7YXA_ZV>WZP!'`@1K:H%SS"(XU8`5HP`!J@!6R``&_AD5[!B2;Y
MD2:9#J1HBC*2!TY0D49YE'VP"A9``JW$`Z0'#''P8#?0`75``2^0D3Z9#MK(
MC5SY2_\R!VWP!&,P"R$X`#G`5;>&7WLE`Z6G@&3Y;`8I&K%@=ZS@`Q;P`OPR
M@CH8*3?0ES<``S!P`UJH!$P`'#\@!:KR`T80`\]R`;VP`PC04GV"E#%``3VI
M_Y,@F97\IA4A$`41,)'1=X>:F1^]A0`$L)GG0`$!<`)J(`%>(&LXB7M?@9(J
MN`ZXEY%8*7$T\%(R4@=$B93`261F8`$1H'9A$$MK]P#J>`/U0@$\L)E;`9U^
ML)5=69V^M"PK0`,'L`96DPM[<);AR&V0YS9YX`8&U&?($`]]29/,,``/,`(8
M4&7;E#9%6)^>QP%(,$#_V$IFL`$H,0)/X`$2L`3OAI05L'W7*'L*:INW"9*W
MV0&>^0<M@`!SV*"AN`1OL$`LP$"FB0,,)WNJN0)=P`)J0`"N!8<K*(<YPI.>
M2)LF28HTTIM,T`3!6:/'010^@`6M]`N0TH,T,Y5UT/\!S^F@)DF=UGFD%N0!
M(8``8W``M;8'K)0+>-F.U[0`,.`&-I">2'@#TL`,30@`3#`"<@"%7>H;`\`#
M/[$-:"``BC,),2`':`"<!XJ;HIF5/BE[9P&AGSFA&YD7/,EO&1`#;\`#.:`$
M;@`';[!DMLD'JED%5]`-*<`4VT>;.&*'/RF='RE:`T,C,VJCGIIC(^`#*'$#
M=[F#-K-*S)D`%!`'+MJ1'VFD2!JK3U,$6!``:\<$-A`\`55-U\0!<H"EQR`#
M-I!18,,$G].7,I`'@"E#H,8:3!`&P?.7?CFMU.J7@4D,-F`4V_!N16`)'K`%
M1I`#(2.GEDFDU^AOTBF;5A+_!23P!S>IHALYASI0?33@`"A@`>J6<GFX<1I`
M!-V4`D(0FYBJ>[M7H:*9A^J@J2\U(YWZJ0[;!Q*8``-H!M#@`Q\1!CSP`A%0
ME<N8H*\JJR![0>)1`6Z@!#`P1"K@`B9PLE5Z`P>0I<4@:`M`!"G01<F32T@P
M:*23`S80+9MC`RFF3X()IC<`0\KZ`#;0LP-@`ZPQ`#"@`7*P;MG@!`2P4B`C
M-D5IC$9I!2X:BBJ*L`P*G7,(H>TZH7>*D;K'#@&0`0O@``]``MQ!>VVAFF:@
M!&NP`#*@`P*KKGS@?3Q2)')1`D``!5!@%CB0DQ%P`EN@B"GG?2877AXP(UN0
M!^CQ_["?.@("D``/T`"(6A%&0``W:7"J^@(<F9MM`:LAF[IUHD8]@$YKX``?
M8*5^5:5*\++&(`,H!@`'\+0I8$9$H`+^I0)VQ`%4Y``Y<`,?`&HR<`,H`+R]
MJP+"(D*]^P$I8`(?H`(#,#/C@`956P"-,JXU>@9A>ZZWJ9DFJ:?NV@=86;H9
MF0$!8`-7$%1KB`#[IG$!<`0+H&(<T`5[&YWIP`(KU0$L<`%#\`1#QP`X``1;
M``5>P`)8$'8,$'9>L`(X$`0YD`,)(`$)=`,0`&^6BY0$L'H)(&0I<&U#M+(#
MD`)X,+K^.[[H@+JJ&\.7,0>'&P4KD`)B8`)JLP-F4VZ9LO\`M0NSQ``#`S`!
M0Z@"1!!2.Y`"PIO$#J!/&[4`2$L$.0``JS$!1'`%RT-@9X0"1-`;'X`";9L"
M#Z```B!OVL"]?P`$/!`AGBH"YJJ@.(*GEXJ2Z,L&ZNNU[)L7$PH%/8`64S`A
MX<=OJ@E403!F6M"_6H$#C$Q_!8`'/6`$/Y`#-)`#>-`]$7`!6;`$71`#"9`%
M^T$"/Q`"!=``2M`%7R`$1Z`#11`&:_C!-2H`+V`(WH6?6(:?B6(&0&"5EWJ;
M,"S#P`P*$G"X$+`"1#4!),2K,03$P%H,,K!+$]".84P(*G"](=5'"R7&N+5J
MS.L`8C`!5=0;$\`!,^!?017&8R;_:A:PO57K`7'PBS8*QRJ8A_#:PIUHQ^SJ
MKA2:(P:[#B(0`'E45=]``R=@;UJQ<4:0PB@P`'HK%KC)21X@`AIP`5]@P'M`
M`W_0`S"0`@!P`R9`!%TL!4AP4AK0MLYB`T"`*TC0!W60`VL`S[!\E+)L!77`
M`CV0`2X2`B+P9">P!!3``%;9S\WQR\%<U)M0!'Y``6-P=27@!5[``!6`*2L$
MQ+9K##>0!]#D`$P@"$OL7XJB`<MK14J@`<J:`D2@`3O@:<+"!'RD`79$&Q-0
M957(`6$0I^+@!&?E`6W\J>*K@J5;);N7AW_JH.C;`GVPDW0:MGJQ!%*``C*0
M`'&`!!9!_\_HH)H"$#Q),``7T+_IP``9\`-9@`)_609%\`!RP`!&``-*8`95
ML`=7@`1P(`-"8-IM*P,+\*T/$`!HL!H,/*-:&]-M>(MQD`%U,`<3(+PC1,9P
MX`,URP8G``/WUAQIP2-$;=36?0D4<`%HT`,Q0`<)$`,K<`%*@`8[D`?$<#E>
MJ@SD=@#0.I_$X!KJF`,H)`<Y$`=(R[,VX`MR($/Y.&A*D`,8<`-XN6W0)`<P
M($TY\`*!&9@0,`X'X`]3L->>:@72'8=^3:0+&HI[D<]XS,^SA[9+\`0J4`7&
MY`"I`FP,2@$KPP$V<*\70`!_[&]\P``7``,O@`%FP-%ML`6YJO_9<,`&-!`\
M9K`$!R,#)7P$:`80R;,#)=`!4_&;P"W3$/`"%R!_*!"_#8!4"V`Q26P$)W`#
M\8JVO%?=UVW=$H`%%P`!((`":[`"(O0&-]`'`N`$H&;>S,`$[GV$T(!1,T0,
M3I@'.0`#.W"6.S#6>;!V-C"$>4`S:O.7>9"]IFT!3YL'34B3\6"L'HP-5+M2
M$FZC%,ZW<GBN=!S'<,'AH;FHJ-FG^3$`.'"W+X"+#)<7%&`&(A`'>>`"<J`#
M`A`7*LH'!9``&9!1,<`KXT4"2Q`"0X>*(M`!Y@4$)X`$#O`%4W`!6,``4*`#
M'8`%19!S#1OE1ND$+T`!=8`#)G`%$X#_!GM0S0<0.PZP`LNEH`@KQ^M`YF5>
MU#IU`0H0`#.@`=9+!'T``X\E!9QE`3V[#"--#$Q0IA<E!VP#``KOYS(4!A,P
M:!JE@SN(!#P0F'(`C5L(X#"P;8NR`/D(`P\@`P/`!,:@`;^MZ6;`Z3`=G!3>
MD;RWH'^-V'VZD85-H1HYQ]'IOD-@!]'2!%+`!F<AZP)P`6F@!$G`!@;BJ@SJ
MZPG0!6OB`54A%EN`!3C``"M'N(O+P$L0`UCO(Q+7`BP`/2^5!S3J[49I!G(0
M`@G0!S=01S>`!"J``DY`11I@)#<@V!:>X?1>[\!\YA<P!A2@!43@\%V@`P-P
M6*@7!UR:#$C@_YX8=0Q_97<WH"C)8.,SD`<80`3!0D2V#0!;=`/Z9*4I9J_/
M1,[Y90,<D`/L60P:(!P*,`0K]>J?*@)TC)'R'ITT_Y%)$J$=+M1XR@<Q4`$<
M;0):D`)P$`!0X-"5+0`-\`!XS@`&TJ#]5NW"A0-PH2.;2,HD\,=8(!=UT`9R
MP18G$`,$X&M640)HK_9&.088X`=0$`8Q`,YX?@4<@`%5=`0E``@X#QU^?'Q^
MA22&A8=\:G^0D9*3E)66EYB9FIN<G9Z?DAT7:!=(,`Y$015Y?:VNK30^80,#
M>[:V-VX:'+>W"SD'<0``O;TV,S<Y'PM$>2H+'Q-(TBX3*BD?SBA(1/\.'R;=
M$S;%>SFOKP(*?QYQ`N?O\/!6)(STB/?WAH?X^_G]B!W,1/C#IH\_??;P(6K0
M1XJ)#QIR$)!"+R$%`0DVL/@S)X2`18CZ8<%2H$>$$(QP%+`7X@2)$XT2$B)1
M0`2-.B42)*B3@$F3>$"#"AW::@R&G38NN+F60H6)%%<<%*CC)PZA?/Q`/@+%
MM:O7KV##7L)!(DJ+&6N()'$!1T-0`0=XR.B5:U>Q`0`X[#BP8\"-OQIN#0AS
M10.,#QQ0[%A&9`^1%#=FI'B<8L?DATA4#$!QA0,3<N;@I?M3Y(`[HD+/A-R7
M4*&BK`I!W@LXL.`BV0KS@6@1((4+%S2"G\#_>O'"""T$`G00$/L>B9=\<."(
MT";D:X",^*"4[H=$"#X9;O+$F2"/$]3HT\,S6H*!C1$$`'RX0O]9GRUU(EAU
M_D_?H:UB!2C@@`1RM4$$%$31`!(F3)#7&Z$!)04-9LAA0RUU(4'.'@`PX<,!
M%JRQA@4^/&!!'!:,X$`*)I@@PP(\I`"`"3D0`0`/**3@``<+O)`""@Z8H,$$
M`SC@@A+C%!/A.:,5,<)IZKVC6FP@51G2:KFM9L@%!$#QQQLMZ(.5?XPL%,`N
M/PH`AQ1E'G*1!1,$4<4"7S#72'_]'(+#E2#9<TAKBX@@!0,ZX50`$^<%18`[
M%!)`@RL($+"H`)(2__!&'^[``4%P?2S:Z811K/="'778((<;;U@`P(X/I-,!
M5?ME=]`]`!9HZZVX"MA1!U%T\,`$$SB`1P8WH"9`%"_DD<L-&M0BF+,/N.$&
M#SSLX(,%TDK+`PPVO.`&MCOP\,`(&/"P1@XPY!"'#>C:@(&)2LB`P@0PY`%:
M/$T^&24\(F39YC^%7.EO=A?`P<`??510)I\`%[*""#OL$:0=!(0)$Q_T7)0#
M!Q)(`$`0S/DC<L"YB3DP/B)8P=-."6#ADX1F."&%HV:\$:HK!)A!0!1.F!&<
M&>X((#0"E#Z*\WHCD&I#'#LHT$<,((A0`0],9%`'#G%0,+*LB-2:Z]=@A_^=
MB1\4C$'`!_)],,(*2J0'QPL*B&`#,1ON(<,(/`"PP-X+..#WWWZ;X#??>W.`
MP0$Y[$&+!DS`0,L`Z0[PP%SWBJ:.DU#NZ\H9UVUM)6Y8)O):P0=+H7!W6=Z9
M2!\-D*###AR0,$8`)I-P$0$<9)%!"E*$_*]L?W9G2&O"\X=/""VHS'++.Z!A
MQCMC]$&TI&P0``>FSDL1J11P!"?`A`1`T#T<4;QA-@%C2-$*`NJ?`T$42)F+
M@04@@LO#"?F-<0'#`M,J]O\`!"`)+C"&"IA`!3.8`0<JX!;TF($',5"#`.+E
MK&<-P%O#L(6]>K&X/02F&!S(0QR8P`O%!28PM$C_Q@TJV(L7X.MRIM'<.41`
MIC$M3'4D,UDC$*$#`ARL@"?#DB%:(`+<_>(/40A`")YSCXM`P0R3$0$4/O(/
M16"L/[,"7>C\@#R5D4HG6."!T-[A!!I<3P=/$$$$+G""[P7`="2(@`@:8`0I
M2,$,<$!`%.[X!CB`8(GO4Q_1H(>14KW@D(<45Q@>X(,0E,`/4=A?P&YC1?\%
M\)*8))`$$(2&#'3A""TB0P:8X#8%Q(`@"CB`'&!PEPNZ`0D:VE`M9GD+)=@B
MA&M@I2PYN"$76HXT,92A*_JU,#X%L6&Y:0`-?GBZDU4I!FQ@0`\*X($_.&$%
M!>B`GR@`-*B(`0I^H.)!_S#6')%IL9C($T$)<@+&%T2/C&OJ`PE0@`(RR``.
M(;A`"/:)A"HXP`H=T"9-3K#/"S2@`U#0`@2LX+-XF&$$9D"*'';@+3E,=`T[
ML``)J#(&'?0O$;+Q6B9'2M)/4*`#$`B`":Z@`@PPH`$:.(`39MJ$FM;4"4W`
M:4Z=@*(5;*`/![B>&1#W0<7M8`1XJ9M2;0$`&ZS!7LVBA0>7V@L?O!"8F9/A
M&:K$U1V6S&2BLR()&M""*?P!`BLX)L90PH<8K*`!!=@`))Q`A=Q<Q*Q_T``+
MIGC2$%"``M_IZS[]NL]$1``FKCE!!`IPCP(,+P!6*!1/</`"",`##7V`@P).
MH/\6'EG@`RAHD`F20`0QJ(`()M#"!!2P(B)H`;0<<`$`N-0[23'I`#1`2A@P
M<,@X^"`.&(#!`R+0,K3N0TQY,H1(2\K<YE8""PEJ@`#J%`(HD,`(;."-]`+0
M`C9D][O9;<$/HKF!*+RS%69X`0QL"8"CVH6J&^*`$IX*7Z6ZX:JER:KF:'@;
M''Y5>*`[Q`F,@(81C,`)/WS!&IH`-"M\U3O=:4$,:.``#5Q`#68P`L#N"HFX
M0L$-(QB#>=$0!0&,X7U1@(`93@R!$41A!&OP0<_P:`:=1<$,(%8`&D`\@E2*
M@&6D"J-^^W`>HI%@`LRX`A-<8`,77&$$S_A`9CY`!!7_T).E'%"!"QR``@Q4
M@`!],$.DWH&&%BCM!6%80[4.N8.EX>^)*_`/P,2T7.?:N;E^T,$8PD--*)1`
M`@;RPP-N]HJ8S2T,2"UA?7LAWS5\9M%W<=HO,2?,8:;NN%;JG+]H0``2;($$
M4)`K%+!@.PIDP`PTY$="2)"P.?`"!1Q8`P@HT+D&F.%@D=A``6)`@BXL(01D
M8$`)!("2(81@"PG``0/\\`0Z,*`#%&A`!C*@`S90X`186,(7+"""`K3A.0P`
MPA8\X(66B1$>A)YG%:I@`!ETQ@4?:`&+)N"&8$$D"5]`S!<F@`(JRX`AF&KH
M.>+0`IUT*Z-...2)-*#1.D`A_P`9V.*82%#G.UL\D_GL*!*JH04*0*$'M'X.
M"=H`A9)#80LF-SD6C."#-0`%`B]@`P(XH&A([T&^(WBTS35(:"9=3E^5[L.4
M\/&<.<N&'N3,C1F>D`D)@``"%8AZU$5PE>X$X`DDF`P2EB"`%MCU/D6(A!I.
M((,.?,`!4`3"!E2@`0&(P0P2]L(*>(`$!V!!!QWP`!8:$`,W$.H/01B`%AQ@
MT%#OI`@[*0$.SGV.B33$#!D0P0D8T`4H=($+&8A!3;I`AA*0X01+@`(=2E"&
M(W2`!F58`AP^;^+,&NT5/`"!P<.P`S7_"``8R($%(H"3JV.E.?^YN/!+N@$=
M5,`-%/]@0`H22`0C:,`&T(^^]*<?_1PH``[6@\=#P]T7%BX:YSK?N1)Z7FAU
ML&/(42(FE5`'O-PD1$\M,`-WJ6"$-SS!8'+]PP:@L()6_*`//Y!2/;`/%2`"
M&+``!``"Y<4&3#0;40<@&P`$2L`#P&(O@'9V&N`".V`-`+!\+'(`$V`".P``
M$X`!#C``"/`'&"`'++`'3$`$1[`!"4`H.I%LC/<*CG='-'`&;$`##2!M(-``
M)Q!0)(`#5@`"&6`%`:`#4I`\"&`$5M`';Q``B\(]`O<*:]`!\2,':_`"$Y`$
M!K!E._`J)1``;)!TKG%%?E!QP]>&N:(&;``'/X`(1.`"D)'_`0.@'C.#*:]W
M#D-5!W^`!G$P`DD":2$T`ANT<WN0!^3G"@HP!.OP`NBG'JIQ7+\G9^U')1%`
M`E:0,PA@!A#@!#EP`G.`"4!@!'TP'#C0`A5@!GX1`!L0-TS4#Q>@`!T0=I%@
M`2KP``,P`5P@5_,")-Y@`K"F-R9P`T&`!&<7`A;@`D20!47P!54P!XJS!T6@
M$:22C4(&#V/6!V/0*`V@!1=@!6P@!P)``U^0`2`0`-)C!#%@!%%G!-9SCG!`
M*6I"`^?E"B^`/Z4R(B\@!QSP`09@`$F0`J\"!6]PALA$)FSHA@Y)(!K!`BPP
M!1C`(D+P'`"@.7;D4&X`B$TP`KV#_P9AP`3>)P.4PVAY,`*ZI(B,"&9D9`;K
M<(/"U"^L$3K]A2?\H"6L00(5T`)S``0-<`$4`'*#=6P;`$D78X8C@`(RX%-.
M4`%%=R<G0`,"T`!`4(I_0`9$P`!V0'A_(`%(H`2Q9@%](P1(D`(:H`$^4#@<
MH`4*,`QL(`%KX``/P`%-\`(2L`$>P!,E$&0R"2G7TP><!@=PH`/-X@=5,`$Y
MX`U?@(XK0`!"D`8-<`1'P'5@1BFP<"E]*)@\@`504`<R8`'_N`,S8`!$(`,L
M$@(.5P$*>6GZT)`/&9NZX@5NL`":\6D<$'3O\(=_H``N!PMN,#GP%4)N4(@[
M!P/T2&8$L/\.[:";Z@<;)%,RT5E,O\<&(/`'%(`&E!(^3@`!"F`!!#`')3`&
M%]-='N`##B`$&S`&;'!#AG`"%:```L`&2Z`#X=$!U78!)-`#;!`#,;`$%_`&
M`M`!3[<"$2<I$1``:W`")^51(*``9G@".K`%C,43PE8'6-"<0N$S-(``(>`"
M,2`X#C`!+L`!)C`#6@`.2:`!**`"7U`0.>.20#$&.P`%!A<'<?"/'[`6+F(#
M)-`>(M":J1,2L"F;1MH5+!"!7J`"8L`#$SH%N:F;A=:1O?F;ZT,#$(`!B;@A
M"Z`!"I`#L;1S$A$/:+"<'O"7FC-T.8D(Q/-[;/I1`F.=?R!=.B#_<L]Q`FQP
M!'\PGC!Q72+``4D@!DBPG@'@&H40`7PPA`VP`E9@!`@0`)":74;0750`J3]@
M!`K@!-]9/QBP`S>@!.FR`W*`(F@0%R,``0<P`B+P13N1H9/H"G:D/07P(R@P
M!,!2#3.0!#G2`[\Q`Q]P!R*P8MHC%&-P`#F!`S<@(B/"HGJ@!S="`CH1I`?Q
M?D1ZI-8Z(&J@!A+``%FG`DAP-1DII:[`F[X9#P2@DMYG"UWJ!HNIB'OP`(%)
M1F7`G*^*'L_I+S5$G?F:&W)*`7#@)UC`!QVP`C^PI^19"%*3`KT(`!(@`!Z5
M0XLP'`J!!1%`%@0U'"=`4+?!"#!!:B(7_P*D)E`DH$T7*P4KD``V"D9H^@X0
M$*,!\`!)(`-EP`&H,`$_,B0.8`!%`@!T$`/>F#-"\22D$@$WH'!N(`9@(`8<
M8`,[L%$ET`!E0#P!5J376K68L`$EX`'DA@<?H`)*`$Y1*JYA=@"`6*[QT#L^
M@`$GJ:X:P*X.X*Z^!`].,*_GIYM6D%Q"U#"XT5^RL@C]VFEL&D<\6;!\6@C0
M]`,WP`$M4%Y>%YWDU`\N41$@$0)D@0@NP58"MHE,%`(5FZ@ND;&*X!)](`+E
M1A[;*!0"4*8MFP%XT#K]20-YB@=/L`!000$UI0/N,!'U&@=]0"HD<`.B67NV
M:0!B```OL%%U(/]=$KLUEF2USOL)'M`",Q,!WS`#"T!J>Q"O4HIC'GD`0A$I
M!X`!)W1S,64#;VLWLU142F4!0#&W,5FOJ'&ODX23Y;2FQ=2O`N`GC=`"*5BX
M?-"31>`%4R!7262)KCD=;4)JQX4#P_$:`8NH?^(GF+M$WA$`%<!./.&J0\%I
MNFO!W24U46>=#=`$&*``?,<&`@H+S_,.+@D'8?!C)=`!-V!1.Z`!'^`"L'8#
M88"\/6`&WW&3N4&USSO$7]D";[`&%R`Q1,`$X,0$,KJ]9/L'8Y"/BH(&%I`'
M`\`!`X`X)20#2C``>;"VLB1I\*!C[ZN;0V>):%A,-81<ZR>G(0`'RQO_$OQK
ML,/QOR*`E9`@`'<+IY[S&CI43I@V3O]P>I&U/!JLFS63`1=0`7KTQ$#1PDK0
M`#L1`DHP`B\0D".:`R^0`SZ``RQ0!R1@!A2@AG*6#T),Q,^+"&@0`UZ@`SI0
M`%X0`C<`R4''FP:&&KV#?3P`#O,Q`RX"QAH@`^H[QD`Q&AX@B<[9IC;Y?LFE
M0WF""'#\KQOK!XYLQX:;QY+`QR#%QE<$/$;GG@-32<=#`X=<*(L'OZ@Q!FCP
M*#>6'L,*`-":`"=0M)E<O&*@`0^@`2.@;%#01BN@OZJF"*FLRE;K!R>P9^LD
M;`E0`#!@RY7&FV,P`MH;R7LD`"B@!Z1596(@_P8+X$%I254#<%]7I09KH,Y#
MH:8Y:44XB4.`W#!LL`)_T`'_FAO7/)YL%0/:'`G<W%7^H6E^'$3NER4A8,Z%
MTJHK*TSALRFZ[`38!P`XD``E0+0/\`(Y6YHIP`LO8`,$X`4DL#:8EEP$;=!D
M;0DP`0$9,(-?5``R`-'"](<2H``PT*D^8&!V;=<B,@(DH@RF*3@A:`TS<+[P
M-0`K/&E`5VG\]55W,LC3V2;4&=,S_:]^@@@W/08YO=-[[&#@?,I9!%8;.V>.
MC1M%K3PK<[JZ22$3HF)F-!1PX-11H`0%(-66?$A,,`'S<5H`@)H.@%`6$`!(
M]]-M4M!E?:1[$@56T_\&V>@';2VV8UL'19`%7?`#/2L".NV?U$W=_OD$;#``
M>J`"#F";21`L)N`"*D`W5-5VQPQ#*"T4#O91B[VW]#N_=R*G-$VMUMR_!XO'
M>OP'W+Q^;DJ=@AQ@`-X/(4``RE.#IJTYCM<I0!.8V,?::F(!/)"R%)`':B8'
M;,8#+]`L.Q("#*``;^#,#2/<PRV;A#`&LL<`#!!D3LS<O+D!^:<)>OF%@K,`
M!I"TWXT"!G""\(7>[T`T"K"<+*#,06?!K>/,:PK:-EE%?$#?-"#0]XW-)*#3
M^]W?]:"3EW:)""$P"PDP(<`&JQK;)5``";XOP[H^>90>G]C::Y"R(J`!+X#_
M(E7M+F$``SZ@!!J@XNDSV7CB""7^YUJ#XBM#*@Z]WJC!FQWP`\$!!_[9Z([N
MGW#@!F&X``T"!DF@!RQB`J9Y+EBL5!H`T0A`+A?P!SA@CKKY`F@``5)0=8U=
M/-F!:<Q\#_1=TZ]>V7U*Y=O<WG!Z3N`,4IR-3&T:`C]PX#N1SLR]+VHR!CY@
MHW7PYA85!CG@`AU=HEV(!!*0`/6(N0!.<7]>XA'@!P2P`H->`FV``8T8T6Y0
M`G]P`$C2+1CP[O`>[YV*!-T=)#,`!@90`RA`NP:@`E)@/F%@"P,@Q@U$9ACP
M`X^@`PJ``+II`=04!5K#1&U:)9T#U#<)V:=G#WY2_]G?,>68S=_MK0A2BTRM
MSC#G=#*C78-!IJ''GA[)WN92_>;F8@$R8`#!L@!(T'(#,&IL``&L7D/T0.+=
M[H9[DAPJC[)K<.YO'<4"8%E$801N$*A<IM%@&-XI@.F.EPXO(,9[4"SG0`,'
M<``D,`<>L`0[8"G")`!Z!`$=0\J$O-D#[E_2?)UQS-($B-]W7(!5?K<L+9TY
MM.2\_M_B[!$ZD(VDT@%)W?)D6A0^1"HK(`,6A6:!V@TR\`*BX`4E\`1C0`@Z
M1,Y"/_3#MR=3N!/9"`5)[^)1K``CX$`9C0(SH`>4/@%Z\`$?H`<#0`!H,%-C
MD+H/8`.)&`;GH%EK0`)%`/\$`?`".D,`#"],%M`"?\``$'_*.,38`6/W=V)%
M3C[9E(WWA:#WN0Y@BQW@_0,P@`+L`-,!8]``XW'XB:_X3'(>4C`""+#B=7`!
M3/`"UN*%\Y$"*0D(6`D)=3$C#7Z)BGY\?(Q^:G^2DY25EI>8F9J;G)V>GZ"A
ME#A^`6R#@W50:U%]KJ^PL;*S?68'=7\*:[2T809B*B@.#APJ5WH?.S8WS#8O
M%B,0%CD:>P^QT0P;0'!R:*X$"+SCL`\4?R%&(20DC8Z+B8Z-B^WR[^_U;"M_
M'30D\'XJ(/A38LP)/R0JB)A#28`51?/B083G+N([B8LL,K('+P0$':CJU*'`
M0P#_N9,HQT4QTT?`B#<EZI3((".,A1T8Q,QPX0+`"!PE",7PT2->1*.01"E=
MRK2ITZ>:2`4($%*5CU8I4]K"I2LE`1I1.!AP,6R!`Q-)Q`#0`,"$B10F'&B`
MH4`*`1XV=KUZX23"-B<^%,#)>M(&@S\Z0/RK!S"CO'\7,\)C`P(=G'_P!!(T
MR$@APTD$'B(%*$]BQ=+U&".4?+3CF`8)@LK449*P;911I/1!,T9*S#I6-*P9
ML>.&`0<`DB!9,P4(H1X*>M@[VHA$)*C8LVO?SE1J@#JI$JS">IO7UEQZ4<(Q
M0P"``2(.%J#5DV(""F-77%RY,F$/CSX(2+&>$6^\0<,+_R1LX($/<H13'BUP
M/##%'S'H\$ACC7%TFCL0\4&999BUTXYF!1W$1PP+41(::_-PJ$@[$&'F3CT<
MMK;11(ET,(8.X/5(FTD/!@F+`+JY1``#X`47AP4\6.""`4E\,,`+!8A4P@71
MW=/B/==QY^678&XGU2G@#3*>D+.<UQ5*/\`!1SA/FH4"&%&Z,(,82>29IPH.
MY"!+.&M((8$:;,AA!@UHQB(`!D#,`8>%D9%V8VDQGF:4/OQ<9E0C)(X1`B,H
M?B;)BM1%ZEB'&$ZJ)447A;!C*N`U4%NB0MK5QQH!(%E"#!K$(<<(.;B0!`I,
M:."#(")!5Y1CC/'199C01BLM)_]CPJK*&BS1^HJ:Z9%#`)`"[`$&"O/E"264
M>8KA`A%[N"$+D3OX440#&+PA``':NA+%`RP404`#F*7*"(VKG;H1AYB&($7`
MBE30QV8FAMJ0:!=BE*JIHUVD\3WPD.`JCSW6H<,+0.9[&QPFK9'!("40,``/
M+[S@A@US(K/#%F5BN>S%ST[K\\_15DN(2%!<97(MMZ!WFQ$67&'`G.@F<6X2
M,ZB0P@`^#/:G#R7,$8`%""!J<A1KJ.$!`1U@@1#&F[:(4:DP8MH!'"<P'-!`
M!87`:8J@42SPWZCBR.IHBGP<T]`CEWQT5BC?FH%(#+CL*X,HJ(N""QQL04@"
M.D<*8SS_/0,M^NC8=>`'`4;$Y@$0UY*'9H%(XV+&-WT$0-@:&H`A1@WFIEOU
M!`/DX(1NLPCP0-=]C%#[T1`<4`0+`C1PT.<7-Q+"08]41P\?))Q`0&7]?(H#
M'R%$X,<*1_RQA0_KD("`"!M0`D$&@%.48<75!ZY(!_^6$-0@/U+<XF;Q`U?0
M@``0")`/LB"2.B!@`'%X`4Y40`03````/"C`%&32.=.T)G2D"Z$(08$%',`!
M`5!HH'A88;(?",`-)?@#!-Q@A-NLP0UZR"&>\N2""0``!B,0@-AH$04>>$`"
M3E`>@4SFAC5(``AFV!E2;'0Q$T6F$7VHS`4$\(^ZD2`"6&@`_P34QX/KD4`*
M#8C?)'R`"$D9C'#XZ]"&7(0J"ICA`D@"@G,2-T!7L.<D^!)`'+*0BA],:0<O
M$,M.4(`$-(2D`0IHHQN=-<)*6I(3&R#%#]C@`9G$Y$SY$L!YHJ``V]EF#4=(
M`A@,,(.T$`$`83B``H9("WM9H`A%&($;`O"&H[FA"7,H"`689;'`L8,>?JA;
M14A`@\KTP`Q>3,0P=6"&/S!@!!'H'APR(*H_C$`'6^K`"4HS'4OAJ%2JJLCV
M_-"!CS0P*`UX@1G$,4`::&T<]QK#"PA)B!_8P`<OD,,"##"!!0!@``I@0%"`
M<`$GP,$(;(AH'XPPE:D8P0Q0N*1&-_\Z"0ET(`1HH$$J/KF&`XS!#!`8@TI3
MJM*60F`E*VUI3*,@@#$<8`1<,11*62K3E0K@IT"-0Q-<P#MUF6`'9@`J4+^E
MU*7ZX`%`*`(/XG#2*(R!ISWE*5:Q*E,>*""8%LA``\9*UK*:]0(4:`!:T:I6
M"E"@!VZ-ZP5ZH`,!:#$*%=+!"AJP`@I(00H$L0`(*%!7"JA1$FZHP`4:$-<>
MC/6MD(VK9"7KV+).]K*+-6M900"!"Z2"`5[HP#,4T-/2FM:T$.#J555K6H#V
M(!4TP(`%GK$',1C``"H`0!1BXH4BD&`,O_Q"$WXJ!2,8UQ0]8`%'EVM)#QQ`
M&4:H`PY26`?_!J`!`WG(@1*8P-WN,L$&.Y"!#&Z0`^_F(0QRR(,,SGL##,@@
M#MH@P`.VZ]WZ<E<)<HC9"W@@AS40H08&^,`"F)"#&^R7!S#;KWYCQ@-F*.$&
M!P""!!"P`R7D(0_VS;"&;["##G=8#CL00`EP$`4?6,`'*+:`BE?,8H`J`R<P
MX`$,=A`'&\3A`3[(`8Z5@8$7-*`('5A#DRRP)`'`[`F9M(`-EBR'"DA@`U`&
MPE25O&0;8``#,*BREK>\91AXV<M<WK(<5FQB%D,##8(H00J!<`(GQ,'#<([S
M#N0`XCG3.<YTSC.(US`&`OCYSX`FP$,#$(,85``+OXG"`&AL@1L0_T$_*MB#
M$;S``"C$Q'^$.)Q,1)(*"3#WTR$$0A5PH(4A,.`+%Y@)!I!0A@(,+0$,0)*L
M$]""*.!A"T!H`PNLY`4^0!,\*]@#!P:0!0]`00ILT!RG44&(-CB[#5"(-A1P
MH`$Q["&;T"Y!`6)=@&BW01!^@':T8UT"!G22`5-@P-!4X076K;M'*60V`U@7
MLJHT\-Z<5N&RF;V"(4!!!G0@P0A(4(@@,&$%F8:"!]1=I530X04R"(JY.<T`
M$I3!#^K.`!(`@(0.B(<&,<`TOM<]-'7'AMGX5N&KK:5R0IB[!)T4B;$5NFQ]
M;X[D*,]WF5*>;V;[O-QE*@$:WMMA$]P63_][0$!LD&3SEG<:U%`'6@=<0(`K
MH*``*GA"#SCP`11,(`9=H$,'?F"$+ABA!SA`0``>8`(BT"`+6(A!`$B0@68Z
M0``Q8(`/Q/`!%9B`!'!PP![HO>]W][P09NB`<P@!!"]@.CQ32"$4I@!K_WFA
MNB6(_&^`H&ZF9_K2EG;.KA.@1R!0=]/OQ+>F4TYZ=P]A`D9(`@=^,`&Q<IT(
M*>C!#Z00`D'#@089.($98J`$!WP`^"'H0A=PL`0X_.#N#6``'H9U!0"XSP$8
M*/>Z+UU=\%BZ@;$^.>NKLO*=;V[G[QSI;PS/_GJ;OTSE?S_Z92.35!P!O+Y:
M0%KNE/0-\OQP/B?_$IX6=008+5N@`@OP`1]@!V*P!69P!3N0`78P`B8P`QJ@
M@#,`'S9`00Z``N\Q`7%P.4*0`BEP`Q]`!!JP!19`?2F@`97C`+_1<N@''K(!
M!/ZC;ISF`47@!1+0@R5@@QZP.BS``K'F`;"&)*JS`1)0!`E@A#)1:0D@`1[@
M!4.H!OZC!EX0A!)P./Y3?S>7>N2W?4#``G2``@!`!$00!!^`!5]`!%_P!`<@
M!Q-P!0]0-1R(!!1$@DDP`2D``\:P`GR(!'TG!%[P`@:0`E:C`2F@')#S;C$1
M:RP@>G5@@\XA&RCWA3T2$M9R<U_(<B'3=#.8B>=7;P%(BE9B>'40!3;`_P,'
M\`(P<!978`(:`!,`N&YML'Z:.(`%N(M>X@$F@#D3H(`)P`4S``$,<`0P0`0&
M\(L5R`2/-@-7<())\``JP`%QH@(_8`>W!0$)$`?#D@1E\`$.,`$<4"6?^&HJ
M!QXL$',TUX0=L`0>P`5D``2I0RA!H`51I0;ZB(61"`1J,`=94&AS$(3ZF(4;
ML`0KL`%6V`0:P`1=,"@T<`(E9XF>>(DU5VY3V``I<`4RT'4ID``6<'Q0T`<7
MF`3),8[&MRX3,`$.X`)KP!\S8`!E@(TY8`!Z<`(,,`1)H(P$H`(8\`$:\(-0
M@(Z6IFY9(`,<P`$`0`:4QHGR=V\^%QXY)XJ;6/]XZ%B5I<B)Z`B5H,AI9F`#
M%B`'>_`!%^0"-J`!1_*)-0>5FZ.+O/B6V5&3=Z`!-9!0)[``L2@&&]E#5Z`!
M*E`&Y$@$9C$!26`"5V!\,R"(*2`,*>``>H<"9/``XO@!9.%YYQ@;^[:.0Z,&
M,L=Y"W`!L@@'-E`$&P``'1``+2`%%D``4I`#<?!+4``#9O``+X`$87`!-+!D
M=;`#:X`!85!&6S```B`"&K`$U$@#LA%^A<=IM6AS@U``+(`##F``/Y`">B`'
M":`#B$@$A\F=>-D62'`UPC`,8H`"C7D%2<`%*F`?:(@$'O`"*G`":DB",P``
M7N!X/=*%Y58`<P`$(:#_!":`DT-Y>,QY?B0'?YGF2::("C&8G_8&?_M&E4/C
M/R(7$MQ7E?=G`3^9`CO``R8@!AK`!JHP"`Q0`"?0`2C:`1<P5SW0`XM5`4``
MES**'5D@!!2P!$%``I='`1B@!$N0!0\@!&7`!3%P!$O0!11@`T+`!D^0!E5`
M`RU0!4*P`G3P`"L0``W`!5#0`0*P!1&@!2(@!#E`!NZGH+`2E4#@:C`7&W^@
M`1I0!2\`07\@`3"P`7/@!3E@`A.``<Z8`RGP`#[$!!!G`0,P`!PP`W90!1`@
M`X(I`5MP01,@!#!P`P[0!9G(<UZHEO*W<+LB!`P0F8+```WP`$S`!@$@!%I`
M_P!WD`$_T`(!$`):8`8_0`-:H`4-T`52>@%F@`%+0`<K4`8>L`)X4`(G8*-"
M,*5;@(0U-V\)$`(/X``#``*NY@5;R9:;)AX%@`4%L*W<NJTX@`.WF(E0T*WD
M6J[FRJW**A/<ZC%OU:+NVJ(LZJ(9D`$=@(0ET`3_)`?!($$5:`-YAWD=8%4$
M$`6L^14($"!_)0"',:,,NQ1J(`!.L"/U)Q-`@`!H8`91X`91\%(JM5.I908@
M*[!>8*?/XP<&$@4;B[%.<"\_$`#&];(P:P05``*%)@(M$`,%D`4KT*L%L`)6
M(`(K0`("@`)5:@(7$`$2D`=L(``!P`'&MP8TD`($8/\"3/!#8_8`-"`#"X`$
M,X`&#Q`%-\`!"[`%_\8&[R4'-F`"A&:J;U`!"3`'<#L'(:``&)M:*`L!`F`$
M+5`!?%L!+0!1Q_6R;T`@;\`&+=`'&YM2J04!2054216RC!NQ`L"X$3"03^8!
M&0`"*P`"(@`"&>"S%>"R,6M<;R`";S$`3)`!%6!<+X2W&+NQ*`N[L0NRM!MH
M`J``)]"@'4"W@=:[!$"[M'LO!*`+(1"W<Y``HN1G/_5G2O5G9J``:.`$$.`#
M;4"#39`#<^8`27`%*B`&"P`#(("#)=`#;C!8<(6BUW,"ZGL"(>`!#?N^H5`$
M;"`%"O`&"`H%*$L#;4(#_-O_O_[+OV\`!]+@OI,0`W$@!?]K"FSP`P?;P`U,
M=@W\4^N!!D9P`S)P.6S@!C1PL,,4!&W0!5I0`B)P-FN@!3T@!')0!0T0`B/0
M`4UP`2-P!#J0!640!S'0!$(P`"30!(?2`#&P!2SP!%O@!VQ``78@!#@0`P>+
M0#$T"3JP!D;POS2`;`SLP%9\Q0W\+67`O[]'`Q`546Q0`3$046%C('W`!B@5
M`I10`FX0#O=R0A%\Q607!SC0`$OPN7XP`AL<-L@F(%WLO[]7N&"L#_,ZKVPP
M`CVP;Q=P`'!@!2M0R"OPR)_[R(,<44";`2U@`TM`"5-02O.J`RNJ5FJUHJ3<
M`#J`_Z(@\`!8`#DS8P$/\*PKZ0`\L`,KP)P@<`#2(3"4!+^\W`D(P;0#^DF)
M93<A@C\1T`!H0,"2$`-FT`83`1GL$,W2/,W13`%KH*T#L`!HT`-HX$4GT`9%
MP`!,6'%^`!Z.QP)3<$2HP!!U(`%S4``X@"23UTD*]T1F,P59Z!S5I5#M0P'&
M2`EDX`;:<R,(0<WJ2\T(33T``1G<`P\=4`'G,`DE$`47D-`6;0%#::=`L`4C
M0`''5$RHP@Z.\#F8P3\@8W(-8`84$"E4=$6-H`4QL,9.H`/$[$;_,*JKK`HC
ML(H8L`-A$`=AL`,6(`,BH$>$$`!C8#K%U"(@U,M./0F,0/\`3Q!SGS33"^T8
M[X`#(7``ROP'76`&;7,P&T,X\Q`!:]`"BSD$9;`"8+T()>0((:#56)!-==,#
M!Q$"(L`&NGB08]`])"!.B3!.'<`.'4`*4,`8@YU,(6`&"RL)&1`%C*#4&3+6
M^B/6E9T('TW0(A#1DE`""M`!+,T1%W("(W``*2`%!8`$,8`&GR(9?Z-.B[#8
M.A`3D<@Y"C!,'F0W!%T=Q;K)DP`$`@`I+NW:B=``.V".*I@#$G0`-S``#[`'
M2'`#&:!0L(8`B2<X2-'43]W+'N4'-"`")F<F/I`!_R!.D+$]]P`=RC4)+A36
MFY(QIQ(":\`&.?`%#S#?3A`P#5W_``BA-CV@-XY@WB3PL[KH-4W0/0A1`-W3
M`RB:"'9=`!3`OB/M".RK`#A`"1D``6LS,%@=VNA-T)@=$35](R<`T920`)ZR
M,=Q#1^23QR-000T```\``=C3,53$+*T"!PT@$_&6TJ>\X3?>(O",$$+@VY(`
MW,+]1I$1`E8@!SA3!P7P`C909[_X`4D@%PW`A33P!E;DX=J]W?"[`7Z``P*P
M`BP`*UNP`RN]-G3D&"=``6/0U5^=$?]`"I@-XGS@1=VS#J+E!W`KA5C`174^
MYCB0V=\:`EB0YXV`!2OP!EVR`2(P!'FN-QO1#A'`WXE^(^/#!Q$PV!W@!E@P
MIY+`/Q.Q_R5RQ#9X?AJ0,4ZF'MLMP-D$X081G@C\'4<;$=<^P`9K``$`L``Q
M,`3C1!JFTN:;8D>PT4`]*P!KCA`XH#87P@ZLWM"*4.2<?$>5SCWET]J,4.-\
M(`(C$'XX\``YP`,88)AZ``97L`<8X'&00\$*K26-\.5@_KZ,,`9+@*`%``,K
M+0\%$`'2?B%Y3@)P3L!SL`$Q0``AD/#5@07K@!"FL^**_M<1_@\1<`(80`(Q
ML#H_$`$$<.>?HM^+/N8$W0!OT-5+(`0%[4$N0BF6#MKM5`"BC@X$X-*6HDZH
MGD[:@^T*73`A\.IK'`7*Q`>8_M<,$\TG$%8-A@1[T`$M_.^K4O\_[N`1("$2
M7@`%/>`$H)TCI/#-[+L%T![P;YT(+Q#3DS`%9M!&WNQ%!<`'6(`%^@T"(P`%
MFD,".0!><F`"*M!*5XX!B>Q]%F`$[RY'\C[O#$L*8R`"GYCOD@WD0M\8_NP%
M&%[F.K`$$14#+;"Y,9`%<74]CZ$:[/``%N``?F`%#M`"_I#H)#`^L2T=,K((
M.H``)H_RC:%,P?[Q[-L`(*`#8R4"/A`!E!`";M`"2X"0PS_\.XN0#0!7ES59
M66#*Q;\$%4`&*W`!6``%?F#]_(TQ'>#S$@WTF`T%;1#7)Y`!Q3_#8D4!K^D`
M'9D":'``%X`Q-=+22_X:K]8&#>`$'\__!S@PY%\$""$D?H1\?(2"?B06*W^.
M?PEP%"0X?@4D)'Q8)"<X(7R7@S@B3EL)=1$8-CQA&!\J>TD<3!%0)0D%;C&9
MA+V9AX1JC\/$Q<;'R,G*R\S-SL_0QI5C('6G=74%,!2$@R>'AB>]?N`=45##
M#`)P;S]+[VP("%($4@IK:R\V2JLO<?]Q>(R!\8((!Q4N`A!8L4+*&`@`,<"0
M<4,`"#^"@/G108#%L"5"QADZ=`)3B!,7!(SP!\$,@CYL`D@)X"5=S``!WL"A
M`:>G3@$TS`CH0[2HT3YC!!`@$`"!$1%+`C@9(X)/I@+DQO4*\83"L!)1Q(E<
M8F$-#9Y2UA&`_S#BR80/'X@@:!*BET9,A@IIU+LW!`0=UX`DZ."D08,,&2[H
M6,S0B@`(!**86;O43!0G3):DBR/G1A`8,#3<D$&129`;,)2@9J(D!X\"IR+$
MP1`FS(T9#C"X2)&C`P-K)"`TT&KH5R]AT9(K7\Z\N7-DE2"`N)8`US9RQCL(
M,--BD$8^)\Q$V."(18<+1=1X*6)!Q(`B7CS,\>"A"`L@]'7D>/&$4($0':PP
M!40M"%`""&]48-AP4"1`'PL>@"`9-^-PY-$C(&4%#CD1=``'!`K\A04+1=`G
MP1P%[,$!#T,$0=X?&\0HXXPRSC&'!"?:J...-^HX(XP2=&!&'WY$H/]5(9F$
MT$(/7X4%#`41]$%`!VK4:*-\0."0`P`F<'"!&74=B1TY(WF'B2)YD1/"&(!9
M@PT.8T01!0%O$)`4`6X@\(85.IP1@`X!"*!#!@WT$`(W+_XA`19;T.>H!PP4
M0``&%71`@J,L0`@$$-B0\`(&&#R`@0E)&)`$!C?XX04V(1!`P7=[6>4'<L_5
M:NNMN"HW3375G:(--^#P$0("`F3@0P^\^'$"!2N,4($P<]C@@`D4'#$``0ZL
MD0(<&@A`@1L!;!&5!W]4,<$"'!10PH5_]+#`"A$,$$$S+$#0QR"]?`G$1T)P
MDM<A%+RA@``-E##'!@5@D0`"%D`QAPXJ/)#_PP1B;"%!KLG,<8("%'QC5YI^
M=-!5DQX3TH``$<QQS,%L.!`$!P!\*9:8P8Y$9E8BK=EF=25X<?$C<S1!`PDH
M]!`#`7/$,4$/:1`A`10>2)!`!B(P@`40$A3`P!PD0!W!!>0>,<%$2&A!JR-%
M8%/'":#*P<,#`%SA`@H`Y%!`'264T``<'<Q,7%YG8RSXX(0W1PXU>*O]Z\TX
MZ"!`"!OT%!,!V\$A@!1+5.`!#@XL00<#*<#``0H8#/#!%428`(,)3$PP00Q_
M!&'#"0,@`4`,+W:1P@@++-W,!B%(,5PA'1S`P#`-K(&#K!L900,;%$3]PQ$G
M+%"%"$@0`</F"P#`_X$#$ZAA8Z*%_S''"E]$,-+Z6[7@U2-@O1H.`BVH7,P&
M)V[0P1Y(=/G$`1T0DP#_MI<.C*$!U<%&">KP(AG]0`9T4,$7<G"$#>QA!D,`
M@`OH`(`!?&$/,MA!_S0@A`'(P`XI>``-OJ>%#90!!0M0`A$6D`!BI.T4)P@#
M#W80!PW,H%0&X(`<VG`-'4CA3"*Q63#*Q\0F.E$:)$"<VNJPA3``BQ!M8(,%
M</"'%9C!#`&H0*!.\``9E$$#">.`8/`P`0TX@`@Y@($*5#"!W=41!2D0P!]@
M(`0ON/$&^W)$">2PA]I-@1@;L%\QU$`-)*ZI!,/HP!HF49<5"$!0$C@!%_]T
M`#,,3,`$;IR``X#0`P[LX`,FF(`7YD.^\C$@!R43DY+>)\@H7.!F"LC`SXPA
M@0T``0]*0`$'0'`LG`T09'K1BLZN80T6O.A@<]@"`%#E``=DX0\R2`$2'(`"
M(4Q@AAJH`@=2(`,'I``-%"'"!(+@@`\XP`,!V`,`U&F!8MPP`3G$@`5XP`0Q
M7,$`!AB`#?SPFSJ(@`W'U$C@GLC0AN)J>=+AF36V8`$*$:(':[!"`B0`A/%M
M8`I(*(,,2"<#@RW@I":PU@%\8(4GK`$`/K!`"HAP`R(0@8L#4*<)]@"!/Y#K
M#Q=P@`M4`(%6QN@1Y(L<`IAW`A]L81@%,`,G,B#_`#=X@`0B$`(1`+"``0B@
MFE=PP`(^(`,O`.$%`T!#``"``QJYE4;.F)&/AJ$&&[SJ2'GI@/N:=($G*>`$
M1<!1+V54)4<TP`0J($(%$C""`.XEB5G!5S+'L28$*C`!0"!?U)0P`PI<`04>
MD<$>/NF``4P`!290@!8`@((KI(`#1$!!'%*@`@?\<`$;$,#I5""#"6AF&%+#
M1@-:P<,=F*"=,[A!#J`&A"T8807$X<5W%NK0ZEHW.1#-`#-Q`4N-].$)4&C#
M%K90!+1M@`X.```<KL`!2&Z`"QCX`1F4<LF>2,$,`U@`$W`B@A.$P`A-J,`6
M&G`!'&!A"@9C0`P@$(`Y_]QG4PQ@`!0*@`,29*&\C_"#$R3+!QZ08!A`$$`%
MMK,"">#@"S``7PPFP`$3H*$!%<A`%W[P`P*4@7(".*3Y-K`%&A#@BV4XBY"5
M0H<B&_G(2#8R#2XI@%PFJ@@[T(%T@0&,$%2`EG\`RRU[(8`6V&`/)C`!'@2`
M@"*3@0UF^*DC&-#8QPKPL6FJ,INPD8`%>D`-+)@""\RJABQ4@0%"\4`)V/`$
M&CSA#1EX0!/8L`(VM"`/7]@H"2Z`A0KH0!!+",$%>I"!$*P`)9H.@:$T[280
MM$T&+A"#&&:@`@WPH`2"@8(;=/`OO![GNKC.]3.6%X4&N`D;!>AN+^BT`PUP
M8/\"&3CJ'X"`A"OTP`%[R-L%"'"`'["A`B+0`4-$$(,8](`&*S""%."`!BG)
MR3)H:,(8S)"#)QQ[`3V8PGV_:`$?1"%.*BE`HB3@AAZ,8P0Z>(0$U%`&-QB!
M`27(@A(6\(5CTU0$]Y5,/=X0`RM4H`):C`".BK`!"AS@VAB_N,A%_H:2M\/D
M)T?Y&UIP<1&T8`PK2)0:8-"!.!="34OBJ\W,D(4,5"$%`V"#&]CPACX$@`TY
MV$1'-\#8N^)5B7"FLB$J.\4ZD$`>0OEBY00@F2CXX.L*\($31K`&)Z!!`0_(
M'`Z*`)\H*,`(E(O[6EPB%,A$@>MF&,,+[E:""K0-!D3_4,$'YB8#"R"\!&VP
M0%^I?/,-S4K7D(^\-/C0!%]/L0`W2)8?")"!&&``?&W]V0:P=X(82*$"Q`+!
M!4+PB9(0X@1B*0X)(M"Q$W2@!X:B`.Y[8`,AJ(`)*="`=EJP`L0LJ`,A$(`(
M%/F'HH=I\W!`Z@:B](`,M$Z>`N`!!E!0@:6PX0(=Z$`$2-`W<GQK/"SH918@
M@(5OU!H[((.5K2.``PK0X`+#\,``C*.(<9#`RE@&%CU@,W]1!3`D/(T%?Q55
M;(RP!6UV<Q]C3!&81,EW`74`!6YR`3[`!B(``B`@`MBV`@U@!<77`X9Q`5EP
M`01&8#J@!3$P6+YD!B#0`[:'_WSAYU_^%7[(`B`4L`0/@`5U``1^AP%R``"F
M8@`SX`(PL`8%A0,[4',UPSZ`(WE4*'F5X`.`46?6@`,#H!4$(`)#P`&&-PQ>
M``4GT'UH`$8Z$$"^<`A8``5D@DQ\P3Y^@`$O1`0?@`(^=@B.!7N'4`%F@&&.
M<`)N\`E\T#@C\%,2<#P'<`6KHP)7H`%-$`%LL`,$)EG8P0DA<P)1P$6/D`%1
MH"P;8AS&\5@U=S-*A`,G``?X]PCZ%X?Q)RQ[!3^VI"&0`1<3``!1D(`CX0-0
M$``I8`(?<`1K`(42:&LW`X&(P#=U@`/6,!B%*(?2N"%Y(02_Y0@AI@-^B(S)
MR`<:B/\%#)``1@`J<4`JIZ,!20`#9O`;"8`#-\"&5*9YP$!=55B/#+4\6)A`
M6]B%=B$`-J`",_`*`C`&.\`#%J``"%`!(-`!;?`W=D$!;/ATL`(,&,`'O80U
M6T``:-(+4)@!"A!(Y:$`-0<%/;`""K!V<Q`",Y`";/`!`,`$>^`"<!``/$`#
MA(`#1J)YTD4!9H`%'R$`'^,=\$<<R8A$R7@"-,`DKLB/1(D(LUA+6^8'."``
M!3`,4+`&MD<2(Q`!P.@"'-`#0]``ZV,5F(@S=$B!4[)`=.9QSZ=$QQB!.&"-
MZ6`&D^!^T857/3`"."!A")`#&#!;>F``8J`"!K`#9N`;5C?_4!*93/1HCXY9
M/N20C\S$A5J!!CT0"O27413`>K'W6.0'#J[W9B)Q)H-`*2+@"%DS!H00D=@1
M'I[H"'-``&R``S1@;RL`!#;0!2R@02C@.A@P!`+@`\52%PWY6`5P`3G9`U%P
M/!@"`4A4)FX&65*)`XZ5)MKQ8:X8!&YI3+/4)/Y&"%BP$)"49U.``9A@>R2P
M'3L@!`)``A)04=OYEM`I2Q#0`<Q4!SH0!6T9?V_FAEIPC7^P!1PS60/4"Q@5
M`=5!`TR@0S9P7.:D.OE%!R70`3Q@:W+8F(^9H1A#"/GX:Y2I%_59`%%S`D"P
M!O^GC)Q0"<N2`40'!V;0!&8P`B.0_Q1PT')9T`.;61+SB0$-@`%7$`1E<`)`
MJ2SRR`=+-@P;D`$6X`8"8"@?$(9WL`%9X``:,`&<5P8C(`(=@`7<,'Z#P`D4
M<`%6$`-/\!($``?,Z0@=X`9S\F-H@`9C$*>R&0!&8`1OX!1U6J=T&@`B<`&_
M,!(4L&'I4)%RV#X!:$L:00!QX`)V\&P88(F=D`G*-P0+X``=,`</X&__<I9N
M&9U\8$#V^8QU8$F?H(SQB!=XY0,-`%4B:3-C61S=8*!KX`?88`9Y$`8[L`9R
MX`/_4&PH\`%"``47X`23%9V/IZ'(6CA7J`//6!U^P)2&P*0:$`-8\)4^8`A8
MP'B*@!(_</]O=!`#&>`'4[`I0,``6-4"<#`&"J``8T`#?Z(8#:`##4`!.<!%
MJ.0",QI^\DI@%]"O*]`'-D`,+-`&'A`"&)`!804`%H`C058@;D``$;`)$3!^
M)W$>!>($$$!F`:``!R``XD!76U``"8,#(ENR`$(`3O`##<`&_-JO)O@$9H`&
M&?"G?-`#"H"=CE"'S",F>G6H?44F-/`"*;``30``,B`'K$DY;^$&+#`'6J"I
MK^J0QT0"/;!A=%8=CG&*1`F=L:((``153J"U9((7L>@'6(!1M%H';L`$/,`#
M/I`/([`#+Y`'XT0##+`"Q)I$T8FAR=JWS$$.1T`!MW`-7*AY<;O_`'?@`!SP
M`FC`!QU3)A0P8CQ@!@W@,\IF##%R(XM(`C!6`05B.3%+`F8P`ZIS=5J7=69`
M`Q?7:<<`!$S06QWPH^)3`@2@`/T%*^3W`R-@!H@Q!811!#U`6D>`!A+@%!'P
M`R?0`A'@`9\&!(-27@60.J"T!^R"5"@B`%9P`N-7LQ"`#C#R!PQ`J,&""?@"
M@#I'OK+Y`B+``1Q@!,4X#CR'`SX0,QL@!!8%,E\JGW;Q"U6K,,V:`2T@*X4J
M0)E0$FN@E(Y0`!R#B7&V%YG0!A0PJ]B`!K?:"J!2&SL``WL`;R70`D90H$K$
MMWX[PL]0!&;@`R_0`2PPF4Q)""/0`C?@_P!,``,98`;@H;T4`&`$8`0]L`4B
MS`SID1Z"9@:AT0CV41]JP':!Q0Q0X`!7D`7`J0-P0``MX*=8$#(CD0'M*@(B
M(`!%0*52P`$FIK@I\`7A1$<.<`,`H`([H,8.D`.OU01%@`4FL`#'E0)/=0P9
M0``]H(HA0[FHB2,CX"J4)5E<$0)?$2("<)`T@`8Z(`-($(P/X`-L2+)PMP`H
M@`)6@*EBR1<%&H$UTP-HX+]T!G'GL2"HG,JIO*\7,`(X^P<%X`/9MB#RNJ]V
M6G)Y:@2>&P<D8`T6<*N@<L&X*D\`T,LL)Q)FR7@_3,+,G`Q%0`$0&6'4@0-(
MT`(Q\`X9L`9;(/`%*"`#6""_1A``-'`$9;`D)=!+@K,%=NS*EQL-&[`$&M``
M(+`=`7`!)<$)F-`!(W8$.L``$E`'*;`"0PL``"!H"X`$%E``[#M#$\`&0V!3
M$Y`#'(`$,L`9!2L#YL(!,B"(Q3`%45`!B4`";W":,'(P?A``=I#2+D$Y0M$$
M`M`$6,8",<`02Y`84CD!&(`;#F`!@U``;8`%4A`%G_0!1B`!&/"SR1B'3Z<A
MZS.L0$@=#0`!:*`42U'55GW56'T$>2Q($'!C5NUC2T%C/X``/Q#./_`$W=<&
<V)`#P$P;H/(`:)4#8Q".<!"N2BU_@Z`&@0``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
