EXHIBIT 10.30
COMMERCIAL COOKING APPLIANCE AGREEMENT DATED AS OF JULY
29, 1998 BY AND BETWEEN TURBOCHEF TECHNOLOGIES, INC. AND
MAYTAG CORPORATION.
(REDACTED)
Strategic Alliance Agreement
TurboChef/Maytag
Schedule No. 3
COMMERCIAL COOKING APPLIANCE PROJECT AGREEMENT
----------------------------------------------
This Commercial Cooking Appliance Project Agreement (the "CCAP," or the
"Agreement") is made, entered into and effective this 29th day of JULY, 1998, by
and between MAYTAG CORPORATION, a Delaware corporation ("Maytag") and TURBOCHEF
TECHNOLOGIES, INC., (formerly TURBOCHEF, INC.) a Delaware corporation
("TurboChef").
WITNESSETH:
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WHEREAS, Maytag and TurboChef have entered into that certain Strategic
Alliance Agreement dated September 26th, 1997 (the "Alliance Agreement"),
pursuant to which the parties agreed to work together in the development and
commercialization of highly innovative products based on leading edge
technologies with respect to heat transfer, thermodynamics and controls; and
WHEREAS, in the Alliance Agreement, the parties expressed their intention
that their projects may involve several phases, and the parties now desire to
commence this project with respect to commercial cooking appliances and related
technologies and software ("commercial cooking systems"), and
WHEREAS, the parties now desire to set forth their understanding as to the
manner in which the commercial cooking appliance project (the "Project") shall
be implemented.
NOW, THEREFORE, in consideration of the premises and of the undertakings of
the parties herein contained, the sufficiency whereof being acknowledged by each
of them, the parties agree as follows:
ARTICLE I
FRAMEWORK FOR PROJECT
1.1 Purpose. It is the purpose of the parties:
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(a) During a first phase to develop a XXXXXXXX cooking system XXXX XXXX
XXXXXX XXXX XXX XXXXXXXXX XXX XXXXXXX XXX XXXXXX XXXXXXX XXXXXX XXX XXXXX XXXX
XXXXXXX XXXXXXXX XXXXXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX XXXXXXX XXXXXX
XXXXXXXXXXXXX XXXXXX XXXXX XXX
(b) To transfer marketing, sales and distribution responsibilities for
commercial cooking systems presently handled by TurboChef to Maytag as set
out in Section 1.3.
1.2 Product Development Framework. Maytag and TurboChef shall each establish a
-----------------------------
team comprised of qualified persons to participate in the Project on behalf of
such party. Each team will be managed by a project leader appointed by the
respective party. The project leaders shall be responsible for, among other
things, insuring that their respective team members devote sufficient time to
the Project such that the assigned tasks can be accomplished in a timely manner.
During the first phase of this Agreement, the two project leaders shall
communicate with each other on a regular basis with respect to the Project and
shall meet in person not less than once per month to evaluate the progress of
the Project and to establish Project milestones.
1.3 Sales and Marketing Transition Framework. In addition to the product
----------------------------------------
development efforts, the parties will undertake a separate and reasonably
concurrent effort to transfer marketing, sales and distribution responsibilities
for commercial cooking systems from TurboChef to Maytag using the following
framework:
(a) Personnel During the first phase of this Agreement, the TurboChef
---------
sales and marketing organization shall be comprised of the current
TurboChef sales and marketing staff outlined in Exhibit A attached and as
may be revised by TurboChef from time to time and a business development
executive (the "Maytag Executive") provided by Maytag.
(b) Organization
------------
(i) The Maytag Executive will be and will continue to be an employee
of Maytag and will report directly to Maytag's Vice President
Administration. The Maytag Executive will also interface directly with
the Chief Financial Officer of TurboChef or other TurboChef designee
for financial control and planning purposes.
(ii) The Maytag Executive will participate in regularly scheduled
operating reviews with a steering committee comprised of Maytag's Vice
President Administration, Blodgett's President, Blodgett's Vice
President Sales and Marketing, TurboChefs Chief Executive Officer,
TurboChefs Chief Technology Officer and TurboChefs Executive Vice
President and CFO (the "Steering Committee").
(iii) The TurboChef sales and marketing organization will report
directly to the Maytag Executive.
(c) Product. During the first phase of this Agreement, the TurboChef sales
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and marketing staff will continue selling the D-2 cooking system and
related technologies and software. XXXXX XX XXX XXXXXXXX XXXXXXX XXX
XXXXXXX XXXXXXXXXXXX XXX XXXXXXXX XXXX XXX XXXXXXXX XXXXX XXXXXXXXXX XXXXXX XXX
XXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXX XXXX XXXXXXXXXXX XXXX XXXXXXXXX XX XXXXXX XX
XXX XXX XX XXX XXXXX XXXXX XX XXXX XXXXXXXXX
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(d) Profit Sharing. During the first phase of this Agreement, Maytag and
--------------
TurboChef shall share XXXXXXX in the profits generated by sales of the D-2
cooking system and related technologies and software throughout North
America and to customers outside of North America which are North American
based. The profits to be shared will be determined based on the formula set
out in Exhibit B.
(e) Maytag Executive. The Maytag Executive will be compensated and have
----------------
benefits provided by Maytag. Out of pocket expenses incurred by the Maytag
Executive such as travel and lodging will be paid by Maytag. However, all
other costs and expenses included in cost of sales and sales and marketing
expenses, such as salaries, wages, benefits and travel and lodging of all
remaining sales and marketing personnel, trade shows under the TurboChef
name, training, rents and utilities will be paid by TurboChef.
1.4 Costs. Except as provided in Sections 1.3(e) and 3.1, each party shall be
-----
solely responsible for the costs and expenses incurred by such party in
participating in the Project, including, without limitation, personnel costs and
out-of-pocket costs such as travel and lodging expenses.
ARTICLE II
DUTIES OF THE PARTIES
--------- -----------
2.1 Maytag Duties, First Phase. During the first phase of this Agreement,
--------------------------
Maytag shall perform the following duties in connection with the Project:
(a) Provide the Maytag Executive, who will:
(i) Lead TurboChef's sales and marketing organization,
(ii) Strive to understand TurboChef's sales and marketing
accomplishments to date and current plans for the future,
(iii) Meet with key executives of TurboChef and existing and targeted
accounts,
(iv) Initiate development of channel specific needs assessments and
potential hardware, software and service solutions,
(v) At the direction of the Steering Committee, develop detailed
sales and marketing strategies and tactics to be employed during the
term of this agreement,
(vi) Work with the Steering Committee to develop the sales and
marketing organization,
(vii) Provide input to the development process;
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(b) Provide industrial design expertise in connection with the development
of XXXXXXXX prototypes including the development of prototype parts where
agreeable by both parties;
(c) Provide manufacturing engineering expertise in connection with
XXXXXXXX designs to a production ready state;
(d) Prepare a business plan with respect to the XXXXXXXX cooking system
and related technologies and software, a draft of said business plan to be
submitted to the Steering Committee within four (4) months after the Maytag
Executive reports to work at TurboChef and a final draft of said business
plan to be submitted to the Steering Committee within six (6) months after
the Maytag Executive reports to work at TurboChef.
(e) Maintain a project team comprised of qualified persons, as determined
by Maytag, with the particular expertise required to perform the tasks
contemplated by subparagraphs (a) - (d) hereinabove, make reasonable best
efforts to make resources available to meet the objectives of the Agreement
and the milestones established by the project leaders.
2.2 TurboChef Duties, First Phase. During the first phase of this Agreement,
-----------------------------
TurboChef shall perform the following duties in connection with the Project:
(a) Disclose all relevant knowledge and know-how with regard to
TurboChef's sales and marketing processes, practices and efforts to date,
including, but not limited to, customer needs, relations and programs;
pricing; and competitive advantages/disadvantages.
(b) Provide Maytag with access to all relevant proprietary data with
respect to TurboChef's cooking technologies, including, without limitation,
copies of all current drawings, specifications and patents utilized by
TurboChef in designing and manufacturing its commercial cooking systems;
(c) XXXXXX XXX XXXXXXXXX XXX XX XXXX XXXXXXXXXXXX XX X XXXXXXXX XXXXXXXXXX
XXXXXXX XXXXXX XXXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXXXX
(d) Provide the TurboChef sales and marketing staff per Section 1.3 at its
expense and provide product engineering expertise XX XXXXXXX XXX XXXXXXXX
XXXXXXXXXX XXXXXXX XXXXXX XX X XXXXXXXXXX XXXXX XXXXX XXXXXXXXXX
XXXXXXXXXXXX XX XXX XXXXXXXXXX XXXXXX XX XXXXXXXXXX XX XXXXXXXX XXXXX
XXXXXXXXXXXX XXX
(e) Maintain a project team comprised of qualified persons, as determined
by TurboChef, with the particular expertise required to perform the tasks
contemplated by subparagraphs (a) - (d) hereinabove, make reasonable best
efforts to make resources available to meet the objectives of the Agreement
and the milestones established by the project leaders.
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2.3 Maytag Duties, Continuing. After the end of the first phase of this
-------------------------
Agreement, Maytag shall complete any uncompleted first phase duties and perform
the following continuing duties in connection with the Project:
(a) Actively market and sell commercial cooking systems using TurboChef
technology throughout North America and elsewhere as permitted;
(b) Provide input into the technology development process.
2.4 TurboChef Duties, Continuing. After the end of the first phase of this
----------------------------
Agreement, TurboChef shall complete any uncompleted first phase duties and
perform the following continuing duties in connection with the Project:
(a) Actively support current commercial cooking technologies;
(b) Provide support to Maytag's marketing and selling efforts.
ARTICLE III
PROJECT INVESTMENTS
3.1 Maytag Research and Development Fee. In addition to performing the duties
-----------------------------------
described in Section 2.1 hereof, Maytag hereby agrees to pay to TurboChef a
research and development fee in the aggregate amount of Seven Hundred and Fifty
Thousand Dollars ($750,000.00), to be applied to the research and development
costs associated with the Project. Maytag shall pay such amount in six (6) equal
monthly installments of One Hundred and Twenty-Five Thousand Dollars
($125,000.00) each. The initial installment shall be due on the first day of the
month immediately following the date of this Agreement and each subsequent
installment shall be due no later than the first (1st) day of each month
thereafter until a total of six (6) installments have been paid.
3.2 In consideration for Maytag's agreement to pay the research fee set forth
in Section 3.1 above, TurboChef hereby grants to Maytag, effective at the end of
the first phase, certain rights to market, distribute and sell commercial
cooking systems which utilize TurboChef proprietary cooking technologies. These
rights are defined as follows:
(a) The exclusive right throughout North America subject to the terms of
existing distribution agreements set forth in Exhibit C, and
(b) Rights outside of North America as follows:
(i) If Maytag enters into a sales agreement with a North American
based company, which agreement calls for sale of TurboChef products
to said company or any division, subsidiary or franchisee of said
company outside of North
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America, Maytag has the exclusive right to sell to such company within
the territories called for in such sales agreement, subject to the
terms of any existing distribution agreements set forth in Exhibit C
and in the United Kingdom where TurboChef is acting as the exclusive
distributor.
(ii) If Maytag establishes a relationship with a North American based
company, Maytag has the nonexclusive right to sell TurboChef products
outside of North America to any division, subsidiary or franchisee of
such North American based company subject to the terms and conditions
of any sales/distribution agreement set forth in Exhibit C.
(c) This Agreement does not prohibit TurboChef from entering into
sales/distribution agreements for territories outside of North America
after the effective date of this Agreement, however, such agreements must
be subject to Maytag's rights established by this Agreement.
(d) Profit Sharing. After the end of the first phase of this Agreement,
Maytag and TurboChef shall share XXXXXXX in the operating income, less cost
of capital, generated from the sales of TurboChef cooking systems and
related technologies and software throughout North America and outside of
North America as provided in Section 3.2(b). Maytag agrees to create a
distinct profit center within Maytag to capture the appropriate revenues
and costs for this endeavor. The income to be shared will be determined
based on the formula set out in Exhibit D.
3.3 It is the intention of the parties to negotiate the extension of
Maytag's exclusive rights to market, distribute and sell commercial cooking
systems which utilize TurboChef's proprietary cooking technologies throughout
the World. As a condition to TurboChef considering the extension of such rights
by country, Maytag shall be required to demonstrate its international marketing
and distribution strategies and capabilities by geographic area (Europe, the
Middle East and Africa, the Near East, the Far East and Latin America), in a
manner satisfactory to TurboChef.
ARTICLE IV
TERM AND TERMINATION
--------------------
4.1. The first phase of this Agreement shall commence when the Maytag Executive
reports to work at TurboChef and end on the date when XXXXXX XXXXXX XXXXXXX XXX
XXXXXXXX XXXXXXX XXXXXXX but in no event less than seven (7) months nor more
than thirteen (13) months after the effective date of this Agreement.
4.2 At the end of the first phase or any time thereafter TurboChef may
terminate this Agreement by giving Maytag written notice of termination,
whereupon this Agreement shall terminate and within forth-five (45) days
thereafter each party shall provide an accounting to the other for any
previously unaccounted-for revenues realized and costs and expenses
incurred under
6
this Agreement prior to termination. Upon such termination all rights granted to
Maytag under Section 3.2 to market, distribute and sell commercial cooking
systems which utilize TurboChef proprietary cooking technologies shall survive
indefinitely, and those rights that were exclusive shall become non-exclusive,
but not prior to two years after the end of phase one.
(a) If TurboChef gives written notice of termination to Maytag within ten
(10) days following the end of the first phase, and further, in addition to
giving such notice of termination to Maytag, TurboChef delivers to Maytag a
promissory note payable to Maytag for a principal amount equal to the
research fee set forth in Section 3.1 above, said promissory note to bear
interest at four percentage points above one-year LIBOR as announced by the
British Bankers Association and reported in Bloomberg Financial Market
Commodities News on its day of issue and to become due and payable in
principal and interest one year from its date of issue, then all rights
granted to Maytag under Section 3.2 to market, distribute and sell
commercial cooking systems which utilize TurboChef proprietary cooking
technologies shall terminate; and apart from the accounting referred to
above, neither party shall have any further obligation to the other with
respect to the Commercial Cooking Project.
xxx xx xxx xxxxx xxxx xxxxxx xxxxx xxx xx xx xxxxxxxx xxxxxxxxxxx xxxxxxxxxx
xxxxxx xxx xxxxxxxx xxxxxx xxxxxxxxx xxx xxx xx xxxxx xxxx xxxxxxxxxxxxxxx xxx
xxxxxxxxx xxxxxx xxxxxxx xx xxxxxx xx xxxxxxx xxx xxxxxx xxxxxxxxx xxx xxxxx
xxxxxxxxxxxx xxxxxx xx xx xx xxxxxxxx xxxxxxxxxxx xx xxxxxxx xxxxxxxxxx xxx xxxx
xxxxxxxxxx xxxxxxx xxxxxxx xxxxx xxxxxxx xxxxxxxxx xxxxxxxxxxx xxxxxxx
xxxxxxxxxxxx xxx xxx xxxxxxx xx xxxx xxxxxxxx xxxxxxx
xxx xx xxx xxxxx xxxx xxxxxx xxxxx xxx xxxxxxxxxx xxxxxxx xxxxxxxxx xxxxxxxxx
xxxxxxxxx xxx xxxxxxxxx xxxx xxxxxxxxx xx xxxxxx xxxxxx xxxxxxx xxxxxx xx
xxxxxxxxxxxx xxxxxxxxx xxxx xxxxxxxxx xxxxx xxxxxxxxx xxx xxxxxx xxxxxxxxxx xxxx
xxxx xxxxxxxxxx xxxx xxxxx xxxxx xxxxxxx xx xxxxxxxxxx xx xxx xxxxx xxx xxx
xxxxxxxxxx xxxxxxxxxxxxxxx xxxxxxxx xxxxxxxx xxx xxxxx xxx xxxxxxxx xxxxxxxx
xxxxx xxxx xxxxxxxxx xxxxx xx xxxxxxxxxxxx xxxx xxxx xxxxxxxxxxx xxx xxxxxx
xxxxxxx xx xxxxxx xxxxx xxxxxxx xxx xx xxxxxxx xxxxxxxxxx xxx xxxx xxxxxxxxxx
xxxxxxx xxxxxxx xxxxx xxxxxxx xxxxxxxxx xxxxxxxxxxx xxxxxxx xxxxxxxxxxxx xxxxx
xxxxxxxxxx xxx xxxxx xxxx xxx xxxxxxxxxx xxxxxxxx xx xxxxxx xxxxxxx xxxxx xxxxx
xxxx xxx xxxxxxx xxxxxxxxxx xx xxx xxxxx xxxx xxxxxxx xx xxx xxxxxxxxxx xxxxxxx
xxxxxxxx
4.5 At the end of the first phase or any time thereafter Maytag may terminate
this Agreement by giving TurboChef written notice of termination, whereupon this
Agreement shall terminate and within forth-five (45) days thereafter each party
shall provide an accounting to the other for any previously unaccounted-for
revenues realized and costs and expenses incurred under this Agreement prior to
termination. Upon such termination, all rights granted to Maytag under Section
3.2 to market, distribute and sell commercial cooking systems which utilize
TurboChef proprietary cooking technologies shall terminate; and apart from the
accounting referred to above, neither party shall have any further obligation to
the other with respect to the Commercial Cooking Project.
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ARTICLE V
EXCLUSIVE DEALING
-----------------
Except as set forth in this Agreement, during the term of this Agreement,
neither party, nor any of their respective affiliates, whether alone or in
conjunction with any other person, shall in any manner, without the written
consent of the other party, directly or indirectly participate in, propose or in
any other way support, or agree to participate in, propose or support further
development and/or commercialization of a commercial cooking system for sale in
North America utilizing TurboChef's technologies or similar high speed cooking
technologies. This excludes any work with Gama Consultants (U.K.), provided the
work does not include TurboChef Technologies without the consent of TurboChef.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day first above written.
TURBOCHEF: TURBOCHEF TECHNOLOGIES, INC.
/s/ PHILIP R. MCKEE
---------------------------------
Name: Philip R. McKee
Title: Chief Technology Officer
MAYTAG; MAYTAG CORPORATION
/s/ CHARLES M. PETERS
---------------------------------
Name: Charles M. Peters
Title: V.P. Administration
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Exhibit A
TurboChef Sales and Marketing Organization
------------------------------
MAYTAG CORPORATION
BUSINESS DEVELOPMENT EXECUTIVE
(OPEN)
------------------------------
|
------------------------------------------------------
| | |
- --------------- ------------------ ----------------
Ralph Bellinger Steve Boothe Desmond Hague
VP System Sales VP System Sales VP of Operations
(Primarily hotels)
- --------------- ------------------ ----------------
|
----------------------
| |
---------------------- --------------
Al Harvey Pete Ashcraft
Director of Operations Executive Chef
---------------------- --------------
|
| ---------------------
|-- Ron Massaro
| Manager of Operations
| ---------------------
|
| ---------------------
-- Glen Tasman
Operations Specialist
---------------------
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EXHIBIT B
XXXXX
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EXHIBIT C
EXISTING DISTRIBUTOR AGREEMENTS
PARTY (CITY/COUNTRY) TERRITORY PRODUCT TERM EXCLUSIVITY
------------------- --------- ------- ---- -----------
- -----------------------------------------------------------------------------------------------------------------------------------
Martin Olsson Handels Sweden and Norway D2, D2 Max, & Can be terminated at any time. Exclusivity in Sweden & Norway has
Aktiebolag AG assoc. software expired due to not achieve sales
Arsta, Sweden targets. Gentlemen's agreement not
to introduce new distributor in
area at this time.
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Plastos Iceland D2, D2 Max, & Can be terminated at any time. None contracted. Gentlemen's
Reykjavik, Iceland assoc. software Commiment to review agreement not to introduce new
relationship at 12/31/98. distributor in area through
review period.
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Scal France D2, D2 Max, & Can be terminated at any time. None contracted. Gentlemen's
Courtabouef, France assoc. software Commitment to review agreement not to introduce new
relationshp at 12/31/98. distributor in area through review
period. TurboChef is allowed to
develop existing direct contacts
with Pizza Pal.
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Import Hispania Spain and Spanish D2, D2 Max, & Can be terminated at any time. None contracted. Gentlemen's
Vitoria, Spain Islands assoc. software Commitment to review agreement not to introduce new
(Canaries/Majorca) relationship at 12/31/98 distributor in area through
review period.
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Masser Hammond Ireland D2, D2 Max, & Can be terminated at any time. None contracted. Gentlemen's
Dublin, Ireland assoc. software Commitment to review agreement not to introduce new
relationship at 12/31/98 distributor in area through
review period.
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Specialty Food Kansas, Western D2, D2 Max, & Can be terminated at any time. None contracted. Gentlemen's
Equipment Missouri, Northwest assoc. software agreement not to introduce new
Kansas City, Kansas Arkansas, distributor in area at this time.
United States Northeast Oklahoma
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Kanematsu Japan D2, D2 Max, & Up to November 4, 1999 Japan
Tokyo, Japan assoc. software
- ------------------------------------------------------------------------------------------------------------------------------------
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<PXGE>
XXXXXXX X
XXXXXX XXXXXXX XXXXXXX
XXXXXX XXXXXXXXX XXXXXXXXXXXXXX XXXXXXXX XXXXXXXXXXX
---------------- ----------------------- -----------
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXX XXXXX XXXXX XXXXXXXX XXXX XXXXX XX XXXXXXXXX XXXX XX XXXXXXXX XXXXXXXX XX XXX XXXXX XXXXXX
XXXXXXX XXXXXXX X XXXXXXX XXXXXXXXXXXX
XXX XXXXXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXXXXXXXX XX XXXXX XXXXXXX XXXXXXXX XXXXXXX XXXXXXXXXXX XXXXXX XXXXXXXXXXX XXXXXXXXXXX XXXX XX XXXXXXXX XXXXXXXX
XXXXX XXXXXXXX XXXXXXX XXXXXXXXXX XX XXX XXXXX XXXXXX
XXXXXXXXXXXX XXXXXXXXXXX XXXX XX XXXXXX XXXXXXX
XXXX XX XXXXXXXXX XX XXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXX XXXXX XXXXX XXXXX XXXX XXXXXXXXXXX XX XXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXXXXX XXXX XXXXXX XXXXXXXX XXXX XX XXXXXXXX XXXXXX XXXX XXXXXXXX XXXXXX
XXXXXXXX XXXXXXXXXXXX XXX XXXX
XXXXXXXX XXXX XX XXXXXXXX XX XXXXX XXXXXXXXX XXXXX
XX XXXXXX XXXX XX XXXX XXXXXXXXX XXX XXX XXXX
XXXXXX XXXXX XXXXX XXXXXXX XXXXXX XXXX XXXXXXX XXXXXX XXXXX
XXXXXXXXXXXX XXX XXXX
XXXXXXXX XXXX XX XXXXX XXXXX XXXXXXXXX XXXXX XX
XXXXXX XXXX XX XXXX XXXXXXXXX XXX XXX XXXX
XXXXXXX XXXXXXXX XXX XXXXX XXXXXX XX XXXXXXX XXXXXXXX XXXX XX
XXXXXXXXX XXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXXX XX XXXXXXXXXX XXXXXXXX XXXXX XX XXX XXXXX
XXXXXXX XXX XXXXXX XXXXXXXXXXXXX XXXXXX XX XXXXX XXXXXXX XXXXXXXX XX XXXXXX XXXXXX XXXXXXXX
XXXXXXXXXX XXXXXXXXXX XXXXX XXXXXXXXX XXX XXX XXXXXXXX XXXXX XX XXXXXXXXXXX
XXXXXXXXXX XXXXXX XXX XXX XXXXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXXXXXXXXXX XXXXXXXXX XXX XXXXXXXXXX XXXXXXX XXXXXXXX XXXX XXX XX XXXXXXXXXXXX XX XXXX XXXXXXX XXXX XXX XXXXXX XX
XXXXXX XXXX XX XXXXXX XXXXXXXXX XXXXXX XXXXXXXXX XX XXXXXXXXX XXXXXX XX XXXXXXXXX XXXXXXXXX
XXXXX XXX XXXXXXX XXXXXXXX XXXXXX XXXXX XXXXXXXXX XXX XX XXX XXXXXXXX XXXXXXXXX
XXXXXXXX XXXXX XXXXXXXX XX XXXXXXXXX XX XXXXXXXX XX
XXXXX XXXXXXXX XXXXXXXX XXX XXXXXXXX XXXXXXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXXXXXXXX XXXXXXX XXX XX XXX XXX XXXXXXX XXXXXXX XXXXXXXX XXXXXXXXXXX XXXX XXX XXXXX
XXXXXXXXXX XX XXXXX XXX XXXXX XXXXXXXXXXX XXXXXX
XXXXX XXX XXXXX XXXXX XXXXXXXXXXX
- ----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX XXXXXXXXXXXXXX XXXX XX XXXXXXX XXXXXXXX XX XXXXXXX XXXXXXXX XXXXXXX XXXX XXX XXXX XXXXX XX
XXXXXXXXX XXXXXXX XXXX XXXXXXXXXX
- ------------------------------------------------------------------------------------------------------------------------------------
XXXXXXXX XXXXX XXXX XX XXXXXXX XXXXXXXX XXXXX XXXXXXX XXXX XXXXXXX XXXXXXXX XXXXXXXX XXXX XXX XXXX XXXXX XX
XXXXXXXX XXXXXX XXXXXXXX XXXXXXXXXXXXXXX XXXXXXXXXXX XXXXXXX XXXXXXXXXXXXX XXXXXXXX XXXXXXX
XX XXXXXX XXXXXXXX XXXXXXXXXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX XXXXXXXXX XXXXX XXXXXXXXXX XXXX XXXXXXXX XXXXXX XXX XXXXXXX XXXXXXXX XXXXXXX XXXXXXXXX XXXX XXX XXXX
XXXXXXXX XXXXXX XXXXXXX XX XX XXXXXX XX XXXXX XX XXXXXXXXXXX XXXXXXX
XXXXXXXX XXXX
- -----------------------------------------------------------------------------------------------------------------------------------
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XXXXXXX X
XXXXXX XXXXXXX XXXXXXX
XXXXXX XXXXXXXXX XXXXXXXXXXXXXX XXXXXXXX XXXXXXXXXXX
---------------- ----------------------- -----------
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXXXXX X XXXXXXXXXXX XXXXXXXX XXX XXXXXXXX XXXXXXX XXXXXX XXXXXXX XXXXXXXXX XXXXXXXX XXXX XXXXXX
XXXXX XXXX XXX XX XXXXXXXX XX XXXXXXX
XXXXXXXXX XXXXXXXXXXXX XXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXX XXXXXX XXX XXXXX XXXX XXXX XX XXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXX X XXXXXXXXX XXXXXXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX XXXX XXXXXXX
XXX XXXXXXXX XXXXXXX XXXXX XX XXXXX XXX
XXXXXXXXX XXXXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXXXX X XXXXXXXXXXXXXX XXXXXXXX XXX XXXXXXX XXX XXXXXXX XXXXX XX XXXXXXXX XXXXXXX XX XXXXXX XXXXXXX XXX
XXXXXX XXXXXXXXXXXXXX XXXXXXXXX XXX XXXXXXXXX XXXXXXXXXXXXXX XXXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXXXXXX XXXXXX XXXXX XXXXXX XXXX XXXXXXXX XXXXXXX X XXXXXXXXXXXXXX
XXXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXX XX XXXXXXX XXXXXXXXX XXXXX XXXXXXXXXX XXXX XXXXXXXXXXX XX XXXXX XXXXXX XXXXX XX XXXX XX XXXXXXX XXXXXXXXXX
XXXXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXXXXXXX XXX XXXXXX
XXX XXXXXXXXXXX XXX XXXXXX XXXXXXXXX XXXXX XXX
XXXXXXXXX
- -----------------------------------------------------------------------------------------------------------------------------------
XXXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXX XXXX XXXX XX XXXXXXX
XXXX XX XXXXXXX
XXXXXX XXXXXXX XX XXXXX XXXXX XXX XXXXXXXXXXX
XXXXXX XXX XXXXXX
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