0001837759-26-000003.txt : 20260512
0001837759-26-000003.hdr.sgml : 20260512
20260512184037
ACCESSION NUMBER: 0001837759-26-000003
CONFORMED SUBMISSION TYPE: X-17A-5
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20251231
FILED AS OF DATE: 20260512
DATE AS OF CHANGE: 20260512
EFFECTIVENESS DATE: 20260512
PERIOD START: 20250101
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HAPI SECURITIES LLC
CENTRAL INDEX KEY: 0001837759
ORGANIZATION NAME:
EIN: 882333794
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: X-17A-5
SEC ACT: 1934 Act
SEC FILE NUMBER: 008-70646
FILM NUMBER: 26970276
BUSINESS ADDRESS:
STREET 1: 2646 NW CORNELL ROAD
STREET 2: # 4257
CITY: PORTLAND
STATE: OR
ZIP: 97210
BUSINESS PHONE: (503) 201-1375
MAIL ADDRESS:
STREET 1: 2646 NW CORNELL ROAD
CITY: PORTLAND
STATE: OR
ZIP: 97210
FORMER COMPANY:
FORMER CONFORMED NAME: HAPI CORP
DATE OF NAME CHANGE: 20220706
FORMER COMPANY:
FORMER CONFORMED NAME: HAPI SECURITIES LLC
DATE OF NAME CHANGE: 20220630
FORMER COMPANY:
FORMER CONFORMED NAME: HAPI CORP
DATE OF NAME CHANGE: 20201222
X-17A-5
1
primary_doc.xml
X-17A-5
0001837759
XXXXXXXX
LIVE
false
false
false
01-01-2025
12-31-2025
Broker-dealer
N
HAPI SECURITIES LLC
2646 NW CORNELL ROAD
PORTLAND
OR
97210
Brian Megenity
7702636003
Ohab and Company, PA
100 E. Sybelia Ave., Suite 130
Maitland
FL
32751
Certified Public Accountant
Christian Maynard-Philipp
HAPI SECURITIES LLC
12-31-2025
Christian Maynard-Philipp
CEO
FULL
2
2025hapisecafs.pdf
ANNUAL AUDIT
begin 644 2025hapisecafs.pdf
M)5!$1BTQ+C<-"B6AL\77#0HQ(# @;V)J#0H\/"]086=E7!E+U!A
M9V5S/CX-"F5N9&]B:@T*,R P(&]B:@T*/#PO0W)E871I;VY$871E*$0Z,C R
M-C U,3(Q-C,P,#0I+T-R96%T;W(H4$1&:75M*2]0%L@," P(#8Q,B W.3)=+TUE9&EA0F]X6R P(# @-C$R(#"]&9B P+TU+(#$V(# @4B O4" T(# @4B O42 Q
M+U)E8W1;(#0R-BXY-3DY.2 V-34N.3$Y.3@@-3,Y+C0P,# R(#8W-BXT-%TO
M4W1R=6-T4&%R96YT(#(S+U-U8G1Y<&4O5VED9V5T+U0H4T5#($9I;&4@3G5M
M8F5R*2]452A314,@1FEL92!.=6UB97(I+U1Y<&4O06YN;W0O5B@X+3%L@," P(#$Q,BXT-# P,#(@,C N-3)=+T9I;'1E
M7!E+T9OK[T2ML@W%$%IQ)9NR2)MB!+12,Q
MQ)QVH#=,Z,<./Y>A$X@-"F5N9'-T7)I9VAT+V]R9&9E;6EN
M:6YE(#$W,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I97)E"]O=&EL9&4O
M;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I"])9&EE%L@," P(#$Q-2XQ.3DY.3<@,C,N,39=
M+T9I;'1E7!E+T9O7)I9VAT
M+V]R9&9E;6EN:6YE(#$W,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O
M861I97)E"]O=&EL9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I
M7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE
M;F1O8FH-"C(U(# @;V)J#0H\/#X^#0IE;F1O8FH-"C(V(# @;V)J#0H\/"]!
M4" R-R P(%(@+T)O"]&9B P
M+TU+(#,T(# @4B O4" T(# @4B O4F5C=%L@-#$T+C0X,# Q(#4W."XP,SDY
M." U,S0N.38P,#(@-C Q+C(P,# Q72]3=')U8W1087)E;G0@,R]3=6)T>7!E
M+U=I9&=E="]4*%!E%L@," P
M(#$R,"XT.# P,#,@,C,N,39=+T9I;'1E7!E+T9O28D,8>/W"[$Q -"F5N9'-T"]D;W1A8V-E;G0O:'5N9V%R
M=6UL875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y+W%U;W1EF-A2 Q-C8O8G)O:V5N8F%R(#$V
M."]D:65R97-I"]!=&EL9&4O061I97)E"]/=&EL9&4O3V1I97)E"]E9&EE"]I9&EE61I97)E7!E+T5N8V]D:6YG/CX-"F5N9&]B
M:@T*,S(@,"!O8FH-"CP\+TAE;'8@,S,@,"!2(#X^#0IE;F1O8FH-"C,S(# @
M;V)J#0H\/"]"87-E1F]N="](96QV971I8V$O3F%M92](96QV+U-U8G1Y<&4O
M5'EP93$O5'EP92]&;VYT/CX-"F5N9&]B:@T*,S0@,"!O8FH-"CP\/CX-"F5N
M9&]B:@T*,S4@,"!O8FH-"CP\+T%0(#,V(# @4B O0F]R9&5R6R P(# @,%TO
M1$$H+TAE;'9E=&EC82 Q,B!49B P(&'1=/CXO4W5B='EP92]&
M;W)M+U1Y<&4O6$]B:F5C=#X^!$=7&EMS3MCABE91
M].GRIG74$X1G"!MCG:<>L>KWM\PU=8)K3 @U9>%M.KSF_,SI\7)I9VAT+V]R
M9&9E;6EN:6YE(#$W,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I
M97)E"]O
M=&EL9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O
M8FH-"C0S(# @;V)J#0H\/#X^#0IE;F1O8FH-"C0T(# @;V)J#0H\/"]!4#P\
M+T0\/"]/9F8@-#4@,"!2("]/;B T-B P(%(@/CXO3CP\+T]N(#0X(# @4B ^
M/CX^+T%3+T]N+T)O%L@,2 P(# @
M,2 P(#!=+U)E7!E+T9O
M%L@," P(#$Q+C T(#7!E(#$O3&5N9W1H(#$P,"]-871R:7A;(#$@
M," P(#$@," P72]297-O=7)C97,\/"]&;VYT/#PO6F%$8B T-R P(%(@/CXO
M4')O8U-E=%LO4$1&+U1E>'1=/CXO4W5B='EP92]&;W)M+U1Y<&4O6$]B:F5C
M=#X^P KK@DH;LX::.Y1*,]'(5NK >\6&'M?+#SC1.:IQ^LZT0-^@DE,TEBI1
M+=,7F$E*#?V/XOS0#_P1>##0IE;F1S=')E86T-"F5N9&]B:@T*-#<@
M,"!O8FH-"CP\+T)A%L@,2 P(# @,2 P(#!=+U)E
M7!E+T9O^HUVW8:8%^026G:*Q4HEJF'S"3E%KZA.(IZ3=&QXP?E9X0E@T*96YD2UB87-E9"!S
M=V%P(&1E86QE7!E+UA/8FIE8W0^/G-T)PKY#+0,S>Q-# R5DCG,E P4# T
MU#,P43#7,S92*$KE2N,*Y ( ?(L&[@T*96YD2UB87-E9"!S=V%P
M('!A7!E+T%N;F]T+U8O3V9F/CX-"F5N9&]B:@T*-38@
M,"!O8FH-"CP\+T)";WA;(# @," Q,2XP-" W+C,R,# Q,#)=+T9I;'1E7!E+UA/8FIE
M8W0^/G-T)QMR#L*A$ 0!<#\G>*%;F#;/-7D7@PT*96YD7!E+UA/8FIE8W0^
M/G-T)P%P3$.0$ 0!=#^G^*7%,;,VB7;"IU&,HE$1U H)-R_\-X+
MI=),-+*3)O [L>!![ZC7;=AI@7Y!):=HK%2B6J8?,).46OJ$XBGI-T;'C!^5
MGA"6#0IE;F1S=')E86T-"F5N9&]B:@T*-3D@,"!O8FH-"CP\+T-!*&XI/CX-
M"F5N9&]B:@T*-C @,"!O8FH-"CP\+T%0/#PO1#P\+T]F9B V,2 P(%(@+T]N
M(#8R(# @4B ^/B]./#PO3VX@-C,@,"!2(#X^/CXO05,O3V9F+T)O7!E+UA/8FIE8W0^/G-T
M)PKY#+0,S>Q-# R5DCG,E P4+!4,%,H2N5*XPKD @!2'P6?#0IE
M;F1S=')E86T-"F5N9&]B:@T*-C(@,"!O8FH-"CP\+T)";WA;(# @," Y(#9=
M+T9I;'1E'1=/CXO4W5B='EP92]&;W)M+U1Y<&4O
M6$]B:F5C=#X^=H5S6?J-6M!.%. D^LE G
M02-MAZKS/M!&9$].NS$8)GPM3A46#0IE;F1S=')E86T-"F5N9&]B:@T*-C,@
M,"!O8FH-"CP\+T)";WA;(# @," Y(#9=+T9I;'1E'1=/CXO4W5B='EP92]&;W)M+U1Y<&4O6$]B:F5C=#X^$&=@JVBS"@&!3U&!8T/L'WWLA%!8ZOPLK*H9 M^WC
M0>T9-Y)D<2M,FL6U,$ZH9C-GS&AJRW@P!1;\00,/> T*96YD%L@," P(#0V-2XV,# P,2 R,RXQ-ETO1FEL
M=&5R+T9L871E1&5C;V1E+T9O7!E(#$O3&5N9W1H(#$R-"]-871R:7A;
M(#$@," P(#$@," P72]297-O=7)C97,\/"]&;VYT/#PO2&5L=B Y(# @4B ^
M/B]07!E+T9O7&1RX@>$YJ,ZC*6+YTQ/Z%\07D69S7S
M@(/%$'ED?L.KJ#/JRM=^0_/B->R8YF4:2]DF./%6[W.?'\.J;<8-;9?P!_]/
M(>,-"F5N9'-T"]D;W1A
M8V-E;G0O:'5N9V%R=6UL875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y+W%U;W1E
MF-A2 Q-C8O
M8G)O:V5N8F%R(#$V."]D:65R97-I"]!=&EL9&4O061I97)E
M"]/=&EL
M9&4O3V1I97)E"]E9&EE
M"]I9&EE61I97)E7!E+T5N8V]D
M:6YG/CX-"F5N9&]B:@T*-S$@,"!O8FH-"CP\+TAE;'8@-S(@,"!2(#X^#0IE
M;F1O8FH-"C"]&9B P+TU+(#@R(# @4B O4" T
M(# @4B O4F5C=%L@-S0N,#8U-#DX(#,W,2XS.3DY.2 S,3 N-SDY.3D@,SDT
M+C4V72]3=')U8W1087)E;G0@,3 O4W5B='EP92]7:61G970O5"A#:71Y*2]4
M52A#:71Y*2]4>7!E+T%N;F]T+U8H4&]R=&QA;F0I/CX-"F5N9&]B:@T*-S4@
M,"!O8FH-"CP\+TX@-S8@,"!2(#X^#0IE;F1O8FH-"C'1=/CXO4W5B='EP92]&;W)M+U1Y<&4O6$]B:F5C=#X^7)I9VAT+V]R9&9E;6EN:6YE(#$W
M,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I97)E"]O=&EL9&4O;V1I97)E
M"]U
M9&EE6%C=71E+W1H;W)N+WED:65R97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O8FH-"C@R(# @;V)J
M#0H\/#X^#0IE;F1O8FH-"C@S(# @;V)J#0H\/"]!4" X-" P(%(@+T)O%L@," P(#$T."XX
M,# P,#,@,C,N,39=+T9I;'1E7!E
M+T9O'QGM'P,.1(W# UMZY6G:Y3M^!0LN! $>BCG2^LH
M&PQW&/;*.D]948US33F0!!-2CO@!U/T1F0T*96YD"])9&EE7!E,2]4>7!E
M+T9O;G0^/@T*96YD;V)J#0HY,2 P(&]B:@T*/#P^/@T*96YD;V)J#0HY,B P
M(&]B:@T*/#PO05 @.3,@,"!2("]";W)D97);(# @," P72]$02@O2&5L=F5T
M:6-A(#$R(%1F(# @9RDO1%(@.34@,"!2("]$5B@Y-S(Q,"DO1B T+T94+U1X
M+T9F(# O34L@,3 P(# @4B O4" T(# @4B O4F5C=%L@-#8X(#,W,2XS.3DY
M.2 U,S7!E+T%N;F]T
M+U8H.3'1=/CXO4W5B='EP92]&;W)M+U1Y
M<&4O6$]B:F5C=#X^!YJH$+0W!
M@WX@"R*"&J+/[QRK'_-4B!M"84@FT'?&!3X5"RYDA1WK^=)YZ@;A#F$TSO?4
M%4V*WDE+/3 H9@Q3P0_VB1'+#0IE;F1S=')E86T-"F5N9&]B:@T*.34@,"!O
M8FH-"CP\+T5N8V]D:6YG(#DV(# @4B O1F]N=" Y." P(%(@/CX-"F5N9&]B
M:@T*.38@,"!O8FH-"CP\+U!$1D1O8T5N8V]D:6YG(#DW(# @4B ^/@T*96YD
M;V)J#0HY-R P(&]B:@T*/#PO1&EF9F5R96YC97-;(#(T+V)R979E+V-A7)I
M9VAT+V]R9&9E;6EN:6YE(#$W,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL
M9&4O861I97)E"]O=&EL9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R
M97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^
M#0IE;F1O8FH-"C$P," P(&]B:@T*/#P^/@T*96YD;V)J#0HQ,#$@,"!O8FH-
M"CP\+T%0(#$P,B P(%(@+T)O2DO1B T
M+T94+U1X+T9F(# O34L@,3 Y(# @4B O4" T(# @4B O4F5C=%L@-S(@,S Y
M+C(S.3DY(#(S-"XS-B S,S(N,SDY.3E=+U-T7!E+U=I9&=E="]4*$YA;64I+U15*$YA;64I+U1Y<&4O06YN;W0O5BA"2D^/@T*96YD;V)J#0HQ,#(@,"!O8FH-"CP\+TX@,3 S(# @
M4B ^/@T*96YD;V)J#0HQ,#,@,"!O8FH-"CP\+T)";WA;(# @," Q-C(N,S8P
M,# Q(#(S+C$V72]&:6QT97(O1FQA=&5$96-O9&4O1F]R;51Y<&4@,2],96YG
M=&@@,3 W+TUA=')I>%L@,2 P(# @,2 P(#!=+U)E7!E+UA/8FIE8W0^/G-T)P=R;$*PC 4!=#]?L4==4G?
M>X'4.:7@DD%XT+E@6BH2L(CHWPM=S^G\RUP&X@6A4).%F&@Q:.)>,:$A.[IK
M?7ZH1E\@7"'L@]J%?L*8_$#5$HQQ"]D
M;W1A8V-E;G0O:'5N9V%R=6UL875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y+W%U
M;W1EF-A2 Q
M-C8O8G)O:V5N8F%R(#$V."]D:65R97-I"]!=&EL9&4O061I
M97)E"]/
M=&EL9&4O3V1I97)E"]E
M9&EE"]I9&EE61I97)E7!E+T5N
M8V]D:6YG/CX-"F5N9&]B:@T*,3 W(# @;V)J#0H\/"](96QV(#$P." P(%(@
M/CX-"F5N9&]B:@T*,3 X(# @;V)J#0H\/"]"87-E1F]N="](96QV971I8V$O
M3F%M92](96QV+U-U8G1Y<&4O5'EP93$O5'EP92]&;VYT/CX-"F5N9&]B:@T*
M,3 Y(# @;V)J#0H\/#X^#0IE;F1O8FH-"C$Q," P(&]B:@T*/#PO05 @,3$Q
M(# @4B O0F]R9&5R6R P(# @,%TO1$$H+TAE;'9E=&EC82 Q,B!49B P(&"]&
M9B P+TU+(#$Q." P(%(@+U @-" P(%(@+U)E8W1;(#(S."XU-B S,#DN,C,Y
M.3D@-# P+C7!E(#$O3&5N9W1H(#$P.2]-871R:7A;(#$@," P
M(#$@," P72]297-O=7)C97,\/"]&;VYT/#PO2&5L=B Y(# @4B ^/B]07!E+T9OQ2H_*RYX84@TI_7YI3GS!O$.L2OF/?.*W:)67:=%
MK7'/?""L1#BUK="]D;W1A8V-E;G0O:'5N9V%R=6UL
M875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y+W%U;W1EF-A
M2 Q-C8O8G)O:V5N8F%R(#$V."]D
M:65R97-I"]!=&EL9&4O061I97)E"]/=&EL9&4O3V1I97)E"]E9&EE"]I9&EE61I97)E7!E+T5N8V]D:6YG/CX-"F5N9&]B:@T*
M,3$V(# @;V)J#0H\/"](96QV(#$Q-R P(%(@/CX-"F5N9&]B:@T*,3$W(# @
M;V)J#0H\/"]"87-E1F]N="](96QV971I8V$O3F%M92](96QV+U-U8G1Y<&4O
M5'EP93$O5'EP92]&;VYT/CX-"F5N9&]B:@T*,3$X(# @;V)J#0H\/#X^#0IE
M;F1O8FH-"C$Q.2 P(&]B:@T*/#PO05 @,3(P(# @4B O0F]R9&5R6R P(# @
M,%TO1$$H+TAE;'9E=&EC82 Q,B!49B P(&4!B9&-A;VYL:6YE+F-O;2DO1B T+T94+U1X+T9F(# O34L@,3(W
M(# @4B O4" T(# @4B O4F5C=%L@-# U(#,P.2XR,SDY.2 U,S"]D;W1A8V-E;G0O:'5N9V%R=6UL875T+V]G;VYE
M:R]R:6YG+W1I;&1E(#,Y+W%U;W1EF-A2 Q-C8O8G)O:V5N8F%R(#$V."]D:65R97-I"]!=&EL9&4O061I97)E"]/=&EL9&4O3V1I97)E"]E9&EE"]I9&EE61I97)E7!E+T5N8V]D:6YG/CX-"F5N9&]B:@T*,3(U(# @;V)J
M#0H\/"](96QV(#$R-B P(%(@/CX-"F5N9&]B:@T*,3(V(# @;V)J#0H\/"]"
M87-E1F]N="](96QV971I8V$O3F%M92](96QV+U-U8G1Y<&4O5'EP93$O5'EP
M92]&;VYT/CX-"F5N9&]B:@T*,3(W(# @;V)J#0H\/#X^#0IE;F1O8FH-"C$R
M." P(&]B:@T*/#PO05 @,3(Y(# @4B O0F]R9&5R6R P(# @,%TO1$$H+TAE
M;'9E=&EC82 Q,B!49B P(&%L@," P(#0V-2XV,# P,2 R
M,RXQ-ETO1FEL=&5R+T9L871E1&5C;V1E+T9O7!E(#$O3&5N9W1H(#$R
M-R]-871R:7A;(#$@," P(#$@," P72]297-O=7)C97,\/"]&;VYT/#PO2&5L
M=B Y(# @4B ^/B]07!E+T9O84#YPSG&&-.)=3C1Q3-ZFQ8O_H;]=[3)_%-$4I5>5^
MM5V-U@3LT+0>7RI;(DD-"F5N9'-T"]D;W1A8V-E;G0O:'5N9V%R=6UL875T+V]G;VYE:R]R
M:6YG+W1I;&1E(#,Y+W%U;W1EF-A2 Q-C8O8G)O:V5N8F%R(#$V."]D:65R97-I"]!=&EL9&4O061I97)E"]/=&EL9&4O3V1I97)E"]E9&EE"]I9&EE61I
M97)E7!E+T5N8V]D:6YG/CX-"F5N9&]B:@T*,3,T(# @;V)J#0H\
M/"](96QV(#$S-2 P(%(@/CX-"F5N9&]B:@T*,3,U(# @;V)J#0H\/"]"87-E
M1F]N="](96QV971I8V$O3F%M92](96QV+U-U8G1Y<&4O5'EP93$O5'EP92]&
M;VYT/CX-"F5N9&]B:@T*,3,V(# @;V)J#0H\/#X^#0IE;F1O8FH-"C$S-R P
M(&]B:@T*/#PO05 @,3,X(# @4B O0F]R9&5R6R P(# @,%TO1$$H+TAE;'9E
M=&EC82 Q,B!49B P(&6)E;&EA
M($%V92XL(%-U:71E(#$S,"DO1B T+T94+U1X+T9F(# O34L@,30U(# @4B O
M4" T(# @4B O4F5C=%L@-S(@,3@T+C8W.3DY(#(W,"XS-3DY.2 R,#7!E+U=I9&=E="]4*$%D9')E%L@,2 P(# @,2 P(#!=+U)E
M7!E+UA/8FIE8W0^/G-T)Q%
MR;L*PD 0!=!^ON*6"C*9V5G66)H0L$DA6;!67"42!$6#_KV0![;G9/&#HBY!
M#Q((=).S!3AC#7@F.M"=BDC9+G4]U"%>2' EP9K5Y8AG6J@(EH@W"]D;W1A8V-E;G0O:'5N9V%R=6UL875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y
M+W%U;W1EF-A2 Q-C8O8G)O:V5N8F%R(#$V."]D:65R97-I"]!=&EL9&4O
M061I97)E"]/=&EL9&4O3V1I97)E"]E9&EE"]I9&EE61I97)E7!E
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M(&7!E+U=I9&=E
M="]4*$-I='D@;V8@26YD97!E;F1E;G0@4'5B;&EC($%C8V]U;G1A;G0I+U15
M*$-I='D@;V8@26YD97!E;F1E;G0@4'5B;&EC($%C8V]U;G1A;G0I+U1Y<&4O
M06YN;W0O5BA-86ET;&%N9"D^/@T*96YD;V)J#0HQ-#<@,"!O8FH-"CP\+TX@
M,30X(# @4B ^/@T*96YD;V)J#0HQ-#@@,"!O8FH-"CP\+T)";WA;(# @," Q
M,S N.# P,# S(#(S+C$V72]&:6QT97(O1FQA=&5$96-O9&4O1F]R;51Y<&4@
M,2],96YG=&@@.3$O36%T'1=/CXO4W5B
M='EP92]&;W)M+U1Y<&4O6$]B:F5C=#X^3SG5/IQSYZXH)0:&LQ'5UM;,,[8\*)7E$-
M^7AI'76!<(6P-=9UU(0BSMMSS&7)I9VAT+V]R9&9E;6EN:6YE(#$W,B]L;V=I
M8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I97)E"]O=&EL9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O8FH-"C$U-" P(&]B:@T*
M/#P^/@T*96YD;V)J#0HQ-34@,"!O8FH-"CP\+T%0(#$U-B P(%(@+T)O7!E+T9O7)I9VAT+V]R9&9E
M;6EN:6YE(#$W,B]L;V=I8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I97)E
M"]O=&EL
M9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O
M8FH-"C$V,R P(&]B:@T*/#P^/@T*96YD;V)J#0HQ-C0@,"!O8FH-"CP\+T%0
M(#$V-2 P(%(@+T)O7!E+T9O7)I9VAT+V]R9&9E;6EN:6YE(#$W,B]L;V=I
M8V%L;F]T+RYN;W1D968O2]/"]59&EE"]A=&EL9&4O861I97)E"]O=&EL9&4O;V1I97)E"]U9&EE6%C=71E+W1H;W)N+WED:65R97-I7!E+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O8FH-"C$W,B P(&]B:@T*
M/#P^/@T*96YD;V)J#0HQ-S,@,"!O8FH-"CP\+T%0(#$W-" P(%(@+T)O"]&9B P+TU+(#$X,2 P(%(@+U @
M-" P(%(@+U)E8W1;(#7!E+T9OUH*ZKDM?,J$FO:@6R8D:"]D;W1A8V-E;G0O
M:'5N9V%R=6UL875T+V]G;VYE:R]R:6YG+W1I;&1E(#,Y+W%U;W1EF-A2 Q-C8O8G)O:V5N
M8F%R(#$V."]D:65R97-I"]!=&EL9&4O061I97)E"]/=&EL9&4O3V1I
M97)E"]E9&EE"]I9&EE61I97)E7!E+T5N8V]D:6YG/CX-
M"F5N9&]B:@T*,3"]&9B P+TU+(#$Y," P(%(@+U @-" P
M(%(@+U)E8W1;(#,X,"XV-# P,2 Q-#DN,C7!E+U=I9&=E="]4*%!#04]"(%)E
M9VES=')A=&EO;B!.=6UB97(@7"AI9B!A<'!L:6-A8FQE7"DI+U15*%!#04]"
M(%)E9VES=')A=&EO;B!.=6UB97(@7"AI9B!A<'!L:6-A8FQE7"DI+U1Y<&4O
M06YN;W0O5B@Q.#,Y*3X^#0IE;F1O8FH-"C$X,R P(&]B:@T*/#PO3B Q.#0@
M,"!2(#X^#0IE;F1O8FH-"C$X-" P(&]B:@T*/#PO0D)O>%L@," P(#$U-BXY
M-C P,#<@,C,N,39=+T9I;'1E7!E
M+T9O7)I9VAT+V]R9&9E;6EN:6YE(#$W,B]L;V=I8V%L;F]T
M+RYN;W1D968O2]/"]59&EE
M"]A=&EL9&4O861I97)E"]O=&EL9&4O;V1I97)E"]U9&EE6%C
M=71E+W1H;W)N+WED:65R97-I7!E
M+U1Y<&4Q+U1Y<&4O1F]N=#X^#0IE;F1O8FH-"C$Y," P(&]B:@T*/#P^/@T*
M96YD;V)J#0HQ.3$@,"!O8FH-"CP\+T9I;'1EZRGJ!5HCDKH"@1>#!$&R,_ #
M60RR,I)% "?PO/]BH.XN\5,555WG.$8&L1>&Z]1?HBB*XIWJ7]POVX_;+UO8
MPI:)M])X^^M_;/^V_??VR_-%_T-_V?__T\_;G_[E9]K^\7^V'S?9OOZZ_?EK
M"UZ2;%\_;11\RL_O7D]BC0?JOOZ>?O3/]-&V]=_;G_9_B&$0/V_'S:I
M^?7/'S;*21]I?V39GV(L[T='14>E,2J.3ZE$ Q0UWA__??OZURUL7S^Y?_KJ
MRSAB+])\E49O_#?$_PWBZ[^VU]C@J5$'=2(!B8^ETE8X>^[0EF1X\%C0@W)V
M^W,>KYG:6$>T7H;Q5,>?G;8M-;]8EUN]RG7<\F
MXR?QN6Z%Q$NK^YZ[\YY3$%UGT[7I6Z6QE+&[L8P]C-8?;7E,@^<0#Q"E=:[X!)2+K(%*: >*5GJR5> U4A1JII)4ZT!?]
M0!\=O#T=#UA6\,1O#)94=F_T7VJ7.B\]QS^?N$3?F..6J7K)4=;GH_ N2$1/
MP".J+%?98&R)1&MZ"*C7;:=1,.#J\IH98Q:=]*RVC=*X_%*X'2*:G7=@L$_
M#Y7>5E:$6S&! _Z.BF(JH"'&0)5\8%2(PAWBD"J?4-TD%&-1CV0L0-2B
M$WU)H///-(EG(^Z]Q?/.'^&\_8@1BABCM0O..F)4H.Z
M&PX)H"2 #KP#DR**,*<*[<<00T-<*U1&4*I:IYFYB-/W!"O ^<18HU2P"H>U
M[AY@2J")"'.JT02KKD ]< ^XL?'^ X,E;C[D4BSFL!@LD:7&"OG6,F^I-,]Q
MUBQNYC'*>L9![K6E-0PFX6'6%KV$&FA,>Z$\09P\HB"#@NL#FARVNH&&1P&E
M3PT8(&4#MD-6G:8O"AP&@F_&H/:EJ7\*#G"$-41D6+8_"2".GJ@!/]UYSK+Z
MQMWXY@X<)1M^V-L.I
M!+?C(8+''Z#S$.<9@GF@N.$U3B05-(C*%@R2#"!@Q<#!$@94^02A2QBU R!$
M;/BAQ:3\4X'7O"7*OJEK:!F)K,%"->@DJA"LX/"K5G='3'H@VL"$*'GJ,:XW
M*G%]8EF]8)@4R0U>&,M%P(1:-S1-,F'RA$WW5V%M6N].E&Q=:=3XI7;-62,
MBN\$9FDQ/7BWV\9F8(F"^%Q8CO-;XE0(S,H$'BR<+_!4&"5N C$'YJXDM'Y
MJ*F9I2\+>'<-Y'-3"K\F68,:6N-.).:HYS&!\T(
M?255"5!M &Z*#BN34JU, < XU134(
M.E!3YV98)_ J&2L /4^0/U!+X!@W>%IU4_2BN]8I5FM+#NH2#AS&@Z\\0D[3
M7%1\HP+;OS@(0&5(!&RR5&E]6?GI9XVYI'F3SPX>)_K/F 55HPG,(/3J42"'
M>-K>^>.LA2(0I,98NXT&8UT.&)D8)"#3A'\GULF.J?,6I?@8+N/:*E8@1ZDR
M50L)( *Q+:\<( +,2BF< %&RAF-$$T9E0Q_57.'S^9 Z2372SO9,]\0+>? ZB\IHJ1%CKE$=0O4SJI?$BTP >&&SI;9]#
MFO@<,N.QN?8YS%!4-_^)MM@KPF19I!+6\9#OC*OGQ@_L<(BL^MI#,O4:6QOP E^P+/XM&:[6XXRDI0<5J$E0-
M7Q!?5%#N@0Y0UPN^($S2@U."U7ZH1\#*;T@D$(0CO2/)=\'_6MG'(MBV4/92
MV&>4#^[VV?[.XV">;3-LT,]V]T1V'->"^(]#]4'(_!\+NSOQ[^)C:[#-'
M\ZO<>#\-E+-/63;)=&P$^ MN$%2]L=HUZ]35@%_%JTNH'N9?"@TI6]S_82N8PW$
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MD[I+2[OT>&
M?-*L_=218J4A["IT24"1\S O'>E+J-U[G#,G>FX4+[6UU0D"K&$CH313@SS@
M1@$_@W@"")![@C.Q *;LIMTH#A+/0 E(# KTX7K8? !=-HH! AG]GY8+AS
MB#YO')K/%R7.MO&."BGRLECF:>7.D_8"(I;WM'=[Z4,X6/3%YR S[H;IHD$6
M[/_%UB8H?(7 AU[8@!E7>QQ&+O1KE>UY6-H8&0&3AS D Y:6%C.-'7!@\> P
M+ NH%@ICUP;(D;M]0/TL5A89<-;QPNISS,L]/93K3,4>$H//W8XUV!"%!%2M
M8,$$5-R E::YYIUPHM=$Z-8A*,V:HQ5_3N0ZL"B7MGDHGNTU(3W4W:(>)D>S&VE/0I/-?B3W/L;0?"'+! ?R\G<"4UN
M\9G>N87F(;W3RT?OH&FF>+9/*9Y3[&],*[WB+=]$^9GB<6-L84#Y*J"V2/.H
MZKF=YMD6:9ZY_:_U_O%[2UI+W11\7%Y_]GN3,K?Q^,,F/TG=,R.=^;!W+!VD
MKE1?K^QQK?7$>V74,8:+#/1)@OK;0S [M7DQ[)( % AV-9LTQ