Henkel

More reviews (2)

Live  

Henkel is a global consumer and industrial products company based in Düsseldorf, Germany. Founded in 1876, it is known for producing a wide range of products in three main business areas: Adhesive Technologies, Beauty Care, and Home Care. Henkel’s adhesive products serve various markets, including automotive, electronics, packaging, and construction. In Beauty Care, the company offers hair care, skin care, and cosmetic products. The Home Care segment includes laundry detergents, dishwashing products, and household cleaners.
Henkel operates in more than 120 countries and has a strong commitment to sustainability, working towards reducing its environmental impact and promoting social responsibility. The company is recognized for its innovation and brand strength, with well-known brands such as Persil, Schwarzkopf, and Loctite. Henkel is also committed to research and development, investing in new technologies and sustainable practices to meet evolving consumer needs. With its international presence and diverse portfolio, Henkel plays a significant role in various industries, contributing to both consumer and industrial markets.

SGVua2VsIG lzIGEgYmln IGNvbXBhbn kgdGhhdCBt YWtlcyBhbG wgc29ydHMg b2YgcHJvZH VjdHMgeW91 IG1pZ2h0IG ZpbmQgaW4g eW91ciBob2 1lIG9yIGF0 IHNjaG9vbC 4gVGhleSBj cmVhdGUgdG hpbmdzIGxp a2Ugc2hhbX Bvb3MsIGxh dW5kcnkgZG V0ZXJnZW50 cywgYW5kIG V2ZW4gZ2x1 ZS4gVGhlaX IgcHJvZHVj dHMgaGVscC B1cyBrZWVw IGNsZWFuLC BmaXggdGhp bmdzIHRoYX QgYXJlIGJy b2tlbiwgYW 5kIHNvbWV0 aW1lcyBldm VuIGhlbHAg dXMgd2l0aC BvdXIgYmVh dXR5IHJvdX RpbmVzLjxi cj5IZW5rZW wgbWFrZXMg bW9uZXkgYn kgc2VsbGlu ZyB0aGVzZS Bwcm9kdWN0 cyB0byBzdG 9yZXMuIFdo ZW4geW91IG J1eSBzaGFt cG9vIG9yIG xhdW5kcnkg ZGV0ZXJnZW 50IGF0IGEg c3RvcmUsIH RoZSBtb25l eSB5b3UgcG F5IGdvZXMg dG8gSGVua2 VsLiBUaGV5 IGFsc28gc2 VsbCB0aGVp ciBwcm9kdW N0cyB0byBv dGhlciBjb3 VudHJpZXMg YXJvdW5kIH RoZSB3b3Js ZCwgd2hpY2 ggbWVhbnMg ZXZlbiBtb3 JlIHBlb3Bs ZSBjYW4gYn V5IHRoZW0u PGJyPkhlbm tlbCBpcyBz dWNjZXNzZn VsIGJlY2F1 c2UgdGhleS BtYWtlIGhp Z2gtcXVhbG l0eSBwcm9k dWN0cyB0aG F0IG1hbnkg cGVvcGxlIH RydXN0IGFu ZCBsaWtlIH RvIHVzZS4g VGhleSBhbH NvIGtlZXAg Y29taW5nIH VwIHdpdGgg bmV3IGlkZW FzIGFuZCBp bXByb3Zpbm cgdGhlaXIg Y3VycmVudC Bwcm9kdWN0 cy4gRm9yIG V4YW1wbGUs IHRoZXkgYX JlIHdvcmtp bmcgb24gbW FraW5nIHRo ZWlyIGl0ZW 1zIG1vcmUg ZW52aXJvbm 1lbnRhbGx5 IGZyaWVuZG x5LCB3aGlj aCBpcyBpbX BvcnRhbnQg dG8gbWFueS BjdXN0b21l cnMgdG9kYX kuPGJyPklu IHRoZSBmdX R1cmUsIEhl bmtlbCBpcy BsaWtlbHkg dG8gc3RheS BzdWNjZXNz ZnVsIGJlY2 F1c2UgdGhl eSBhcmUgYW x3YXlzIHRo aW5raW5nIG FoZWFkLiBU aGV5IGFyZS Bmb2N1c2lu ZyBvbiBtYW tpbmcgdGhl aXIgcHJvZH VjdHMgYmV0 dGVyIGZvci B0aGUgcGxh bmV0IGFuZC BrZWVwaW5n IHVwIHdpdG ggd2hhdCBw ZW9wbGUgd2 FudCBhbmQg bmVlZC4gQn kgZG9pbmcg dGhpcywgdG hleSBjYW4g Y29udGludW UgdG8gZ3Jv dyBhbmQgYm UgYSBwb3B1 bGFyIGNob2 ljZSBmb3Ig Y3VzdG9tZX JzIGV2ZXJ5 d2hlcmUuPG JyPg==

MS4gR2xvYm FsIFByZXNl bmNlOiBIZW 5rZWwgaGFz IGEgc3Ryb2 5nIGdsb2Jh bCBwcmVzZW 5jZSwgb3Bl cmF0aW5nIG luIG1vcmUg dGhhbiAxMj AgY291bnRy aWVzLCB3aX RoIGFyb3Vu ZCA1MywwMD AgZW1wbG95 ZWVzIGZyb2 0gZGl2ZXJz ZSBjdWx0dX JhbCBiYWNr Z3JvdW5kcy 4gVGhpcyBl bmFibGVzIH RoZSBjb21w YW55IHRvIH VuZGVyc3Rh bmQgYW5kIG NhdGVyIHRv IHRoZSBzcG VjaWZpYyBu ZWVkcyBvZi BkaWZmZXJl bnQgbWFya2 V0cy48YnI+ Mi4gQnJhbm QgUG9ydGZv bGlvOiBIZW 5rZWwgaGFz IGEgZGl2ZX JzZSBicmFu ZCBwb3J0Zm 9saW8sIHdp dGggb3Zlci AyLDAwMCBi cmFuZHMgY2 92ZXJpbmcg dmFyaW91cy BzZWN0b3Jz IHN1Y2ggYX MgYWRoZXNp dmVzLCBiZW F1dHkgY2Fy ZSwgYW5kIG xhdW5kcnkg YW5kIGhvbW UgY2FyZS4g VGhpcyBoZW xwcyB0aGUg Y29tcGFueS B0byBjYXRl ciB0byBhIH dpZGUgcmFu Z2Ugb2YgY2 9uc3VtZXIg bmVlZHMuPG JyPjMuIElu bm92YXRpb2 4gYW5kIFRl Y2hub2xvZ3 k6IEhlbmtl bCBoYXMgYS BzdHJvbmcg Zm9jdXMgb2 4gaW5ub3Zh dGlvbiBhbm QgaW52ZXN0 cyBoZWF2aW x5IGluIHJl c2VhcmNoIG FuZCBkZXZl bG9wbWVudC 4gVGhlIGNv bXBhbnkgaG FzIGEgZ2xv YmFsIG5ldH dvcmsgb2Yg b3ZlciAzMC Bpbm5vdmF0 aW9uIGNlbn RlcnMsIHdo aWNoIGZvY3 VzIG9uIGRl dmVsb3Bpbm cgbmV3IHBy b2R1Y3RzIG FuZCB0ZWNo bm9sb2dpZX MgdG8gbWVl dCBjaGFuZ2 luZyBjb25z dW1lciBwcm VmZXJlbmNl cy48YnI+NC 4gU3VzdGFp bmFiaWxpdH k6IEhlbmtl bCBpcyBjb2 1taXR0ZWQg dG8gc3VzdG FpbmFiaWxp dHkgYW5kIG hhcyBzZXQg YW1iaXRpb3 VzIHRhcmdl dHMgdG8gcm VkdWNlIGl0 cyBlbnZpcm 9ubWVudGFs IGltcGFjdC BhbmQgaW1w cm92ZSB0aG Ugc29jaWFs IGFuZCBlY2 9ub21pYyBj b25kaXRpb2 5zIG9mIGl0 cyBlbXBsb3 llZXMgYW5k IGNvbW11bm l0aWVzLiBU aGUgY29tcG FueSBoYXMg YmVlbiByZW NvZ25pemVk IGFzIGEgc3 VzdGFpbmFi aWxpdHkgbG VhZGVyIGlu IGl0cyBpbm R1c3RyeS48 YnI+NS4gU3 Ryb25nIFZh bHVlcyBhbm QgQ29ycG9y YXRlIEN1bH R1cmU6IEhl bmtlbCBoYX MgYSBzdHJv bmcgY29tcG FueSBjdWx0 dXJlIGFuZC B2YWx1ZXMs IHdoaWNoIG FyZSBjZW50 ZXJlZCBhcm 91bmQgcGFy dG5lcnNoaX AsIHRydXN0 LCBhbmQgc3 VzdGFpbmFi aWxpdHkuIF RoZSBjb21w YW55IGVuY2 91cmFnZXMg YSBkaXZlcn NlIGFuZCBp bmNsdXNpdm Ugd29ya3Bs YWNlIGFuZC Bwcm9tb3Rl cyBldGhpY2 FsIGFuZCBy ZXNwb25zaW JsZSBiZWhh dmlvciBhbW 9uZyBpdHMg ZW1wbG95ZW VzLjxicj42 LiBTdHJvbm cgRmluYW5j aWFsIFBlcm Zvcm1hbmNl OiBIZW5rZW wgaGFzIGEg c3Ryb25nIH RyYWNrIHJl Y29yZCBvZi BmaW5hbmNp YWwgcGVyZm 9ybWFuY2Us IHdpdGggc3 RlYWR5IHJl dmVudWUgYW 5kIGVhcm5p bmdzIGdyb3 d0aCBvdmVy IHRoZSB5ZW Fycy4gVGhp cyBoYXMgaG VscGVkIHRo ZSBjb21wYW 55IHRvIHdl YXRoZXIgZW Nvbm9taWMg ZG93bnR1cm 5zIGFuZCBt YWludGFpbi BpdHMgY29t cGV0aXRpdm UgcG9zaXRp b24gaW4gdG hlIG1hcmtl dC48YnI+Ny 4gQ29ycG9y YXRlIFNvY2 lhbCBSZXNw b25zaWJpbG l0eTogSGVu a2VsIGlzIG NvbW1pdHRl ZCB0byBiZW luZyBhIHJl c3BvbnNpYm xlIGNvcnBv cmF0ZSBjaX RpemVuIGFu ZCBnaXZlcy BiYWNrIHRv IHRoZSBjb2 1tdW5pdGll cyB3aGVyZS BpdCBvcGVy YXRlcyB0aH JvdWdoIHZh cmlvdXMgc2 9jaWFsIGlu aXRpYXRpdm VzIGFuZCBw cm9ncmFtcy 4gVGhlIGNv bXBhbnkgYW xzbyBlbmNv dXJhZ2VzIG VtcGxveWVl IGludm9sdm VtZW50IGlu IHZvbHVudG VlcmluZyBh Y3Rpdml0aW VzLjxicj44 LiBDdXN0b2 1lci1jZW50 cmljIEFwcH JvYWNoOiBI ZW5rZWwgZm 9jdXNlcyBv biB1bmRlcn N0YW5kaW5n IGFuZCBtZW V0aW5nIGN1 c3RvbWVyIG 5lZWRzIGFu ZCBwcmVmZX JlbmNlcy4g VGhlIGNvbX BhbnkgY29u ZHVjdHMgZX h0ZW5zaXZl IG1hcmtldC ByZXNlYXJj aCBhbmQgY2 9sbGFib3Jh dGVzIHdpdG ggY3VzdG9t ZXJzIHRvIG RldmVsb3Ag aW5ub3ZhdG l2ZSBzb2x1 dGlvbnMgdG hhdCBjYXRl ciB0byB0aG VpciBzcGVj aWZpYyByZX F1aXJlbWVu dHMuPGJyPj kuIExvbmct VGVybSBTdH JhdGVneTog SGVua2VsIG hhcyBhIGxv bmctdGVybS BzdHJhdGVn aWMgYXBwcm 9hY2ggdG8g YnVzaW5lc3 MgYW5kIGRv ZXMgbm90IG NoYXNlIHNo b3J0LXRlcm 0gZ2FpbnMu IFRoZSBjb2 1wYW55IGZv Y3VzZXMgb2 4gc3VzdGFp bmFibGUgZ3 Jvd3RoIGFu ZCBoYXMgYS B3ZWxsLWRl ZmluZWQgc3 RyYXRlZ3kg dG8gYWNoaW V2ZSBpdHMg Z29hbHMuPG JyPjEwLiBF bXBsb3llZS BEZXZlbG9w bWVudDogSG Vua2VsIGlu dmVzdHMgaW 4gdGhlIGRl dmVsb3BtZW 50IG9mIGl0 cyBlbXBsb3 llZXMgdGhy b3VnaCB2YX Jpb3VzIHRy YWluaW5nIG FuZCBkZXZl bG9wbWVudC Bwcm9ncmFt cy4gVGhlIG NvbXBhbnkg YWxzbyBwcm 9tb3RlcyBh IGN1bHR1cm Ugb2YgY29u dGludW91cy BsZWFybmlu ZyBhbmQgcH JvdmlkZXMg b3Bwb3J0dW 5pdGllcyBm b3IgY2FyZW VyIGFkdmFu Y2VtZW50Lg ==

SGVua2VsIG lzIGEgR2Vy bWFuLWJhc2 VkIG11bHRp bmF0aW9uYW wgY29tcGFu eSB0aGF0IG 9wZXJhdGVz IGluIHRoZS Bjb25zdW1l ciBnb29kcy BhbmQgaW5k dXN0cmlhbC BzZWN0b3Jz LiBUaGUgY2 9tcGFueSdz IGJ1c2luZX NzIG1vZGVs IGlzIGJhc2 VkIG9uIGZv dXIga2V5IG VsZW1lbnRz Ojxicj4xLi BEaXZlcnNp ZmllZCBQb3 J0Zm9saW86 IEhlbmtlbC BvcGVyYXRl cyBpbiB0aH JlZSBtYWlu IGJ1c2luZX NzIHVuaXRz OiBBZGhlc2 l2ZSBUZWNo bm9sb2dpZX MsIEJlYXV0 eSBDYXJlLC BhbmQgTGF1 bmRyeSAmIE hvbWUgQ2Fy ZS4gV2l0aG luIHRoZXNl IHVuaXRzLC B0aGUgY29t cGFueSBvZm ZlcnMgYSBk aXZlcnNlIH JhbmdlIG9m IHByb2R1Y3 RzLCBpbmNs dWRpbmcgYW RoZXNpdmVz LCBzZWFsYW 50cywgY29z bWV0aWNzLC BoYWlyIGNh cmUsIGxhdW 5kcnkgZGV0 ZXJnZW50cy wgYW5kIGhv dXNlaG9sZC BjbGVhbmlu ZyBwcm9kdW N0cy48YnI+ Mi4gSW5ub3 ZhdGlvbi1k cml2ZW46IE hlbmtlbCBm b2N1c2VzIG 9uIGRldmVs b3BpbmcgaW 5ub3ZhdGl2 ZSBhbmQgc3 VzdGFpbmFi bGUgcHJvZH VjdHMgdGhh dCBtZWV0IH RoZSBldm9s dmluZyBuZW VkcyBhbmQg cHJlZmVyZW 5jZXMgb2Yg aXRzIGN1c3 RvbWVycy4g VGhlIGNvbX BhbnkgaW52 ZXN0cyBoZW F2aWx5IGlu IHJlc2Vhcm NoIGFuZCBk ZXZlbG9wbW VudCB0byBk cml2ZSBwcm 9kdWN0IGlu bm92YXRpb2 4gYW5kIGRp ZmZlcmVudG lhdGlvbi48 YnI+My4gSW 50ZXJuYXRp b25hbCBQcm VzZW5jZTog SGVua2VsIG hhcyBhIHN0 cm9uZyBnbG 9iYWwgcHJl c2VuY2UsIH dpdGggb3Bl cmF0aW9ucy BpbiBtb3Jl IHRoYW4gMT IwIGNvdW50 cmllcy4gVG hlIGNvbXBh bnkgaGFzIG EgZGVjZW50 cmFsaXplZC BidXNpbmVz cyBtb2RlbC wgYWxsb3dp bmcgZm9yIG dyZWF0ZXIg ZmxleGliaW xpdHkgYW5k IHJlc3Bvbn NpdmVuZXNz IHRvIGxvY2 FsIG1hcmtl dHMgYW5kIG N1c3RvbWVy cy48YnI+NC 4gU3Ryb25n IEJyYW5kcz ogSGVua2Vs J3MgYnVzaW 5lc3MgbW9k ZWwgaXMgYn VpbHQgb24g YSBzdHJvbm cgcG9ydGZv bGlvIG9mIH dlbGwta25v d24gYW5kIH RydXN0ZWQg YnJhbmRzLC BzdWNoIGFz IFBlcnNpbC wgU2Nod2Fy emtvcGYsIE xvY3RpdGUs IGFuZCBEaW FsLiBUaGVz ZSBicmFuZH MgaGF2ZSBh IHN0cm9uZy BtYXJrZXQg cHJlc2VuY2 UgYW5kIGhl bHAgZHJpdm UgdGhlIGNv bXBhbnkncy Bncm93dGgg YW5kIHByb2 ZpdGFiaWxp dHkuPGJyPk 92ZXJhbGws IEhlbmtlbC dzIGJ1c2lu ZXNzIG1vZG VsIGlzIGZv Y3VzZWQgb2 4gZGVsaXZl cmluZyBpbm 5vdmF0aXZl LCBoaWdoLX F1YWxpdHkg cHJvZHVjdH MgdG8gY3Vz dG9tZXJzIG Fjcm9zcyBk aXZlcnNlIG 1hcmtldCBz ZWdtZW50cy BhbmQgZ2Vv Z3JhcGhpZX MsIHdoaWxl IGFsc28gbW FpbnRhaW5p bmcgYSBzdH JvbmcgYnJh bmQgcHJlc2 VuY2UgYW5k IGdsb2JhbC BwcmVzZW5j ZSB0aHJvdW doIGEgZGVj ZW50cmFsaX plZCBhbmQg ZmxleGlibG Ugc3RydWN0 dXJlLg==

AI has the potential to impact Henkel Company in several ways, and the extent of this impact will depend on how the company adapts to and integrates AI technologies into its operations and strategies.
1. Substitution: AI could facilitate the development of alternative products that outperform Henkel’s current offerings. For instance, advancements in material science driven by AI may lead to new formulations for adhesives, detergents, or cosmetics that do not rely on traditional chemical processes. If competitors effectively leverage AI for innovative product creation, Henkel could face substitute products that diminish the demand for its existing lines.
2. Disintermediation: AI can streamline processes in supply chain management, manufacturing, and distribution, potentially reducing the need for some intermediaries. If Henkel’s competitors utilize AI capabilities to create more efficient operations, they could deliver lower prices or faster service, making it challenging for Henkel to maintain its market presence without adapting to these changes.
3. Margin Pressure: As AI enables optimization and efficiency within manufacturing and logistics, businesses can lower their operational costs. If competitors successfully implement AI to reduce costs, they might exert downward pressure on prices across the industry, forcing Henkel to either lower its prices or invest in AI capabilities to maintain its profit margins.
To mitigate these risks, Henkel may need to invest in AI technologies to enhance its own products and services, improve operational efficiencies, and stay competitive. The company’s ability to harness AI for R&D, customer engagement, and supply chain optimization will be critical in addressing these challenges. Ultimately, the threat posed by AI will greatly depend on Henkel’s strategic response to the evolving landscape shaped by this technology.

Henkel’s earnings, cash flow, and valuation can be significantly affected by changes in interest rates due to several interconnected factors:
1. Cost of Debt: Henkel, like many companies, may have debt on its balance sheet. When interest rates rise, the cost of servicing that debt increases, which can impact net earnings and cash flow. Higher interest expenses can reduce profitability, as a larger portion of earnings may need to be allocated to interest payments.
2. Investment and Capital Expenditure: If interest rates rise, the cost of borrowing for investments also increases. This can lead Henkel to rethink or delay capital expenditures, which might affect future growth prospects and thereby influence earnings. A higher cost of capital can deter investment in new projects or expansion plans.
3. Consumer Spending: Henkel operates in the consumer goods sector, and higher interest rates can lead to decreased consumer spending. As borrowing costs rise for households (e.g., mortgage rates and credit card interest), consumers may cut back on discretionary spending, impacting sales of Henkel’s products.
4. Valuation Metrics: Many valuation models, such as discounted cash flow (DCF), are sensitive to changes in interest rates. A higher discount rate, often tied to prevailing interest rates, will lower the present value of future cash flows, affecting the overall valuation of Henkel. Consequently, if rates rise sharply, it can lead to a decline in share price as investors adjust their valuations.
5. Economic Conditions: Interest rate changes are typically a response to broader economic conditions. If rates rise due to a strong economy, Henkel might benefit from higher sales. Conversely, if rates rise in response to inflationary pressures or economic downturns, it could negatively impact Henkel’s earnings and cash flows.
In summary, Henkel’s sensitivity to interest rates is multifaceted, influencing debt costs, investment decisions, consumer demand, and overall valuation, all of which can significantly affect the company’s financial performance and market perception.

QSBwb3Rlbn RpYWwgcmVh bGlzdGljIH NjZW5hcmlv IHRoYXQgY2 91bGQgcGVy bWFuZW50bH kgaW1wYWly IEhlbmtlbO KAmXMgZWNv bm9taWNzIG 92ZXIgdGhl IG5leHQgM+ KAkzUgeWVh cnMgaW5jbH VkZXMgYSBz aWduaWZpY2 FudCBhbmQg c3VzdGFpbm VkIHNoaWZ0 IGluIGNvbn N1bWVyIHBy ZWZlcmVuY2 VzIGF3YXkg ZnJvbSB0cm FkaXRpb25h bCBkZXRlcm dlbnQgYW5k IHBlcnNvbm FsIGNhcmUg cHJvZHVjdH MgdG93YXJk cyBtb3JlIG Vjby1mcmll bmRseSwgc3 VzdGFpbmFi bGUgYWx0ZX JuYXRpdmVz LiBUaGlzIG NvdWxkIGJl IGRyaXZlbi BieSBpbmNy ZWFzaW5nIG Vudmlyb25t ZW50YWwgYX dhcmVuZXNz IGFuZCByZW d1bGF0b3J5 IHByZXNzdX JlcyBhaW1l ZCBhdCByZW R1Y2luZyB0 aGUgdXNlIG 9mIGNoZW1p Y2FscyBpbi Bob3VzZWhv bGQgcHJvZH VjdHMuPGJy PkFzIGEgbG VhZGluZyBw bGF5ZXIgaW 4gdGhlc2Ug bWFya2V0cy wgSGVua2Vs IGNvdWxkIG ZpbmQgaXRz IGVzdGFibG lzaGVkIGJy YW5kcyBmYW Npbmcgc2V2 ZXJlIGNoYW xsZW5nZXMu IElmIGNvbn N1bWVycyBp bmNyZWFzaW 5nbHkgZ3Jh dml0YXRlIH Rvd2FyZHMg bmljaGUgYn JhbmRzIHRo YXQgcHJpb3 JpdGl6ZSBz dXN0YWluYW JpbGl0eSBh bmQgZWNvLW ZyaWVuZGxp bmVzcywgSG Vua2Vs4oCZ cyBtYXJrZX Qgc2hhcmUg Y291bGQgZG VjbGluZS4g VGhpcyBzaG lmdCBtaWdo dCByZXF1aX JlIHRoZSBj b21wYW55IH RvIGludmVz dCBoZWF2aW x5IGluIHJl Zm9ybXVsYX RpbmcgcHJv ZHVjdHMsIH Jlc2VhcmNo aW5nIHN1c3 RhaW5hYmxl IGluZ3JlZG llbnRzLCBh bmQgZGV2ZW xvcGluZyBu ZXcgbWFya2 V0aW5nIHN0 cmF0ZWdpZX MgdG8gcmVn YWluIGNvbn N1bWVyIHRy dXN0IGFuZC BpbnRlcmVz dC48YnI+SW 4gdGVybXMg b2YgZmluYW 5jaWFsIGlt cGxpY2F0aW 9ucywgdGhl IGNvbXBhbn nigJlzIHBy b2ZpdCBtYX JnaW5zIGNv dWxkIHNpZ2 5pZmljYW50 bHkgbmFycm 93LiBJbmNy ZWFzZWQgY2 9zdHMgYXNz b2NpYXRlZC B3aXRoIHN1 c3RhaW5hYm xlIHNvdXJj aW5nLCBwcm 9kdWN0aW9u IHVwZ3JhZG VzLCBhbmQg cG90ZW50aW FsIGluaXRp YWwgcmV2ZW 51ZSBsb3Nz IGR1ZSB0by BkZWNsaW5p bmcgc2FsZX Mgb2YgdHJh ZGl0aW9uYW wgcHJvZHVj dHMgY291bG QgZXJvZGUg cHJvZml0YW JpbGl0eS4g VGhlc2UgY2 hhbmdlcyBj b3VsZCBsZW FkIHRvIG9w ZXJhdGluZy BtYXJnaW5z IGJlaW5nIH NxdWVlemVk LCBlc3BlY2 lhbGx5IGlm IGNvbXBldG l0b3JzIGFy ZSBxdWlja2 VyIHRvIGFk YXB0IGFuZC BjYXB0dXJl IG1hcmtldC BzaGFyZS48 YnI+Q2FzaC BmbG93IHdv dWxkIGFsc2 8gYmUgYWR2 ZXJzZWx5IG FmZmVjdGVk LiBSZWR1Y2 VkIHNhbGVz IGZyb20gdH JhZGl0aW9u YWwgcHJvZH VjdHMsIGNv bWJpbmVkIH dpdGggaW5j cmVhc2VkIG ludmVzdG1l bnQgaW4gbm V3IHByb2R1 Y3QgbGluZX MsIGNvdWxk IGxlYWQgdG 8gbGVzcyBm cmVlIGNhc2 ggZmxvdy4g VGhpcyBtaW dodCBsaW1p dCBIZW5rZW zigJlzIGFi aWxpdHkgdG 8gaW52ZXN0 IGluIGdyb3 d0aCBvcHBv cnR1bml0aW VzIG9yIHJl dHVybiBjYX BpdGFsIHRv IHNoYXJlaG 9sZGVycywg cG90ZW50aW FsbHkgbGVh ZGluZyB0by BhIGRlY3Jl YXNlIGluIH N0b2NrIHBy aWNlIGFuZC BzaGFyZWhv bGRlciBjb2 5maWRlbmNl Ljxicj5Pbi B0aGUgYmFs YW5jZSBzaG VldCwgaWYg dGhlIGNvbX Bhbnkgc3Ry dWdnbGVzIH RvIGFkYXB0 IHF1aWNrbH kgdG8gdGhl c2UgY2hhbm dlcywgaXQg Y291bGQgZm FjZSBpbmNy ZWFzZWQgZG VidCBsZXZl bHMgYXMgaX QgYm9ycm93 cyB0byBmaW 5hbmNlIG5l Y2Vzc2FyeS B0cmFuc2Zv cm1hdGlvbn MuIEFsdGVy bmF0aXZlbH ksIHByb2xv bmdlZCBwZX Jpb2RzIG9m IHJlZHVjZW QgY2FzaCBm bG93IGNvdW xkIGNvbXBl bCBIZW5rZW wgdG8gZGl2 ZXN0IGZyb2 0gbm9jb3Jl IHNlZ21lbn RzIG9yIHRh a2UgY29zdG x5IG1lYXN1 cmVzIHRvIH N0cmVuZ3Ro ZW4gaXRzIG 1hcmtldCBw b3NpdGlvbi 4gVGhpcyBj b3VsZCByZX N1bHQgaW4g aGlnaGVyIG xldmVyYWdl IHJhdGlvcy BhbmQgd29y c2VuIHRoZS Bjb21wYW55 4oCZcyBmaW 5hbmNpYWwg c3RhYmlsaX R5Ljxicj5J biBzdW1tYX J5LCBpZiBI ZW5rZWwgZm FpbHMgdG8g cGl2b3QgZW ZmZWN0aXZl bHkgdG93YX JkIHN1c3Rh aW5hYmxlIH Byb2R1Y3Rz IGluIHJlc3 BvbnNlIHRv IGNoYW5naW 5nIGNvbnN1 bWVyIHByZW ZlcmVuY2Vz LCBpdCBjb3 VsZCBsZWFk IHRvIHJlZH VjZWQgbWFy Z2lucywgbm VnYXRpdmUg Y2FzaCBmbG 93IGltcGFj dHMsIGFuZC BhIHdlYWtl bmVkIGJhbG FuY2Ugc2hl ZXQsIHdoaW NoIGNvdWxk IHRocmVhdG VuIHRoZSBj b21wYW554o CZcyBsb25n LXRlcm0gdm lhYmlsaXR5 IGluIGEgaG lnaGx5IGNv bXBldGl0aX ZlIG1hcmtl dC48YnI+

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvM3 gwNjlXQ0cx RTFOUnV4MD I2QjMud2Vi cCIgYWx0PS JIZW5rZWwi IHRpdGxlPS JIZW5rZWwi ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9NTAg d2lkdGg9NT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgSGVua2Vs PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+SoSBM ZWFybiBzbW FydGVyIHN0 b2NrIHBpY2 tzIHdpdGgg PGk+IlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3MiPC 9pPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8L3 A+CgogICAg ICAgICAgIC AgICAgICAg ICAgICA8IS 0tCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxkaX Ygc3R5bGU9 J21hcmdpbi 10b3A6IDEy cHg7IGZvbn Qtc2l6ZTog MTNweDsgY2 9sb3I6ICM0 NDQ7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIFNpZ2 4gdXAgbm93 IGFuZCBnZX Qgb3VyIGZy ZWUgZUJvb2 sgCiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8Yj5UaGUg Q2hlY2tsaX N0IFZhbHVl IEludmVzdG 9yIOKAlCBB IFNtYXJ0ZX IgV2F5IHRv IFBpY2sgU3 RvY2tzPC9i PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgLS0+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwhLS0K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGRpdiBz dHlsZT0nbW FyZ2luLXRv cDogMTZweD sgZm9udC1z aXplOiAxNH B4OyBjb2xv cjogIzQ0ND sgZm9udC1m YW1pbHk6IC 1hcHBsZS1z eXN0ZW0sIE JsaW5rTWFj U3lzdGVtRm 9udCwgU2Vn b2UgVUksIF JvYm90bywg SGVsdmV0aW NhIE5ldWUs IHNhbnMtc2 VyaWY7IGxp bmUtaGVpZ2 h0OiAxLjY7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IEhhdmUgeW 91IGhlYXJk IGFib3V0IG 91ciBzaG9y dCA8c3Ryb2 5nIHN0eWxl PSdmb250LX dlaWdodDog NjAwOyc+RG FpbHkgVmlk ZW8gTmV3c2 xldHRlcjwv c3Ryb25nPj 8KICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgID xhIGhyZWY9 J2h0dHBzOi 8vd3d3Lmlu c2lnaHRmdW x2YWx1ZS5j b20vbmV3c2 xldHRlci5w aHAnIHRhcm dldD0nX2Js YW5rJyBzdH lsZT0nY29s b3I6ICMwMD dCRkY7IHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsgZm 9udC13ZWln aHQ6IDUwMD sgbWFyZ2lu LWxlZnQ6ID ZweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IEZpbmQgb3 V0IG1vcmUK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIC0t PgogICAgIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AKICAgICAg ICAKICAgIC AgICA8c3Bh biBjbGFzcz 0nYmx1cnJl ZC10ZXh0Jz 4KICAgICAg ICAgICAgTV M0Z1NHVnVh MiBWc0lIZG hjeUJtIGIz VnVaR1ZrSU cgbHVJREU0 TnpZZyBhVz RnUVdGamFH IFZ1TENCSF pYSnQgWVc1 NUxDQmllUy BCR2NtbDBl aUJJIFpXNX JaV3dzSUgg ZG9ieUIzWV hNZyBiMjVz ZVNBeU9DIE I1WldGeWN5 QnYgYkdRZ1 lYUWdkRyBo bElIUnBiV1 V1IFBHSnlQ akl1SUYgUm 9aU0JqYjIx dyBZVzU1NG 9DWmN5IEJt YVhKemRDQn cgY205a2RX TjBJSCBkaG N5QmhJR3ho IGRXNWtjbm tnWkcgVjBa WEpuWlc1MC BJR05oYkd4 bFpDIEJWYm 1sMlpYSnog WVd3dFYyRn pZMiBodGFY UjBaV3dzIE lIZG9hV05v SUcgSmxZMk Z0WlNCdyBi M0IxYkdGeU lHIFp2Y2lC cGRITWcgWl dabVpXTjBh WCBabGJtVn pjeUJoIGJt UWdiRzkzSU ggQnlhV05s TGp4aSBjaj R6TGlCSmJp IEF4T1RBM0 xDQkkgWlc1 clpXd2diRy BGMWJtTm9a V1FnIGRHaG xJR1pwY24g TjBJSEpsWV dSNSBMWFJ2 TFhWelpTIE JvWVdseUlH TnYgYkc5eU xDQnVZVyAx bFpDQklaVz VyIFpXemln Smx6SUYgUm xaVzV2Ykds dSBaU3dnZD JocFkyIGdn ZDJGeklHRW cgYldGcWIz SWdhVyA1dW IzWmhkR2x2 IGJpQnBiaU IwYUcgVWdZ bVZoZFhSNS BJR2x1WkhW emRIIEo1SU dGMElIUm8g WlNCMGFXMW xMaiB4aWNq NDBMaUJFIG RYSnBibWNn VjIgOXliR1 FnVjJGeSBJ RWxKTENCSV pXIDVyWld6 aWdKbHogSU daaFkzUnZj biBrZ2FXNG dSTU84IGMz TmxiR1J2Y2 0gWWdkMkZ6 SUdSbCBjM1 J5YjNsbFpD IEJpZVNCaF pYSnAgWVd3 Z1ltOXRZbi BNc0lHSjFk Q0IwIGFHVW dZMjl0Y0cg RnVlU0IzWV hNZyBZV0pz WlNCMGJ5IE J5WldKMWFX eGsgSUdGdV pDQnlaWCBO MWJXVWdjSE p2IFpIVmpk R2x2YmkgQj NhWFJvYVc0 ZyBZU0JtWl hjZ2JXIDl1 ZEdoekxqeG kgY2o0MUxp QkpiaSBCMG FHVWdNVGsx IE1ITXNJRW hsYm0gdGxi Q0JwYm5SeS BiMlIxWTJW a0lGIEJ5YV hSMExDQjAg YUdVZ2QyOX liRyBUaWdK bHpJR1pwIG NuTjBJR2Rz ZFcgVWdjM1 JwWTJzcyBJ SGRvYVdOb0 lHIEpsWTJG dFpTQmggYm lCcGJuTjBZ VyA1MElITj FZMk5sIGMz TWdZVzVrSU cgbHpJSE4w YVd4cyBJR0 VnY0c5d2RX IHhoY2lCd2 NtOWsgZFdO MElIUnZaRy BGNUxqeGlj ajQyIExpQl VhR1VnWTIg OXRjR0Z1ZW VLQSBtWE1n WVdSb1pYIE 5wZG1VZ2RH VmogYUc1dm JHOW5hVyBW eklHUnBkbW x6IGFXOXVJ R2x6SUggUm 9aU0JzWVhK biBaWE4wSU dsdUlIIFJv WlNCM2IzSn MgWkN3Z2Qy bDBhQyBCaG JpQmxjM1Jw IGJXRjBaV1 FnYlcgRnlh MlYwSUhOby BZWEpsSUc5 bUlEIEl6Sl M0OFluSSsg Tnk0Z1NHVn VhMiBWc0lH bHpJR0VnIF ptRnRhV3g1 TFcgOTNibV ZrSUdKMSBj Mmx1WlhOek xDIEIzYVhS b0lFaGwgYm 10bGJDQkJS eSBBbUlFTn ZMaUJMIFIy RkJJR0psYV cgNW5JSFJv WlNCdCBZV3 B2Y21sMGVT IEJ6YUdGeV pXaHYgYkdS bGNpQmhibS BRZ2MzUnBi R3dnIFkyOX VkSEp2Ykcg eGxaQ0JpZV NCMCBhR1Vn U0dWdWEyIF ZzSUdaaGJX bHMgZVM0OF luSStPQyA0 Z1ZHaGxJR0 52IGJYQmhi bm5pZ0ogbH pJSE4xYzNS aCBhVzVoWW 1sc2FYIFI1 SUhOMGNtRj AgWldkNUxD QmpZVyB4c1 pXUWdSbUZq IGRHOXlJRE 1zSUcgRnBi WE1nZEc4Zy BkSEpwY0d4 bElIIFJvWl NCMllXeDEg WlNCamNtVm hkRyBWa0lH SjVJRWhsIG JtdGxiT0tB bVggTWdjSE p2WkhWaiBk SE1nWVc1a0 lIIE5sY25a cFkyVnogSU hkb2FXeGxJ RyBOMWRIUn BibWNnIGRH aGxhWElnWl cgNTJhWEp2 Ym0xbCBibl JoYkNCbWIy IDkwY0hKcG JuUWcgWW5r Z2IyNWxMWC BSb2FYSmtJ R0o1IElESX dNekF1UEcg SnlQamt1SU VobCBibXRs YkNCb1lYIE 1nWVNCbmJH OWkgWVd3Z2 NISmxjMiBW dVkyVWdkMm wwIGFDQnZj R1Z5WVggUn BiMjV6SUds dSBJRzkyWl hJZ056IFVn WTI5MWJuUn kgYVdWeklH RnVaQyBCdG IzSmxJSFJv IFlXNGdOVE 1zTUQgQXdJ R1Z0Y0d4di BlV1ZsY3lC M2IzIEpzWk hkcFpHVXUg UEdKeVBqRX dMaSBCVWFH VWdZMjl0IG NHRnVlU0Jv WVggTWdZU0 JrYVhabCBj bk5sSUhCdm NuIFJtYjJ4 cGJ5QnYgWm lCM1pXeHNM VyB0dWIzZH VJR052IGJu TjFiV1Z5SU cgRnVaQ0Jw Ym1SMSBjM1 J5YVdGc0lH IEp5WVc1a2 N5d2cgYVc1 amJIVmthVy A1bklGQmxj bk5wIGJDd2 dVMk5vZDIg RnllbXR2Y0 dZcyBJRXh2 WTNScGRHIF VzSUZCeWFY UjAgTENCaG JtUWdSRyBs aGJDNDhZbk krIE1URXVJ RWhsYm0gdG xiQ0JvWVhN ZyBZU0JzYj I1bklHIGhw YzNSdmNua2 cgYjJZZ2FX NXViMyBaaG RHbHZiaXdn IGQybDBhQ0 J2ZG0gVnlJ RGNzTURBdy BJSEJoZEdW dWRIIE1nWV c1a0lETXMg TnpBd0lITm phVyBWdWRH bHpkSE1nIF lXNWtJR1Z1 WjIgbHVaV1 Z5Y3lCMyBi M0pyYVc1bk lHIGx1SUds MGN5QnkgWl hObFlYSmph QyBCaGJtUW daR1YyIFpX eHZjRzFsYm 4gUWdZMlZ1 ZEdWeSBjeT Q4WW5JK01U IEl1SUVobG JtdGwgYkNC cGN5QmpiMi AxdGFYUjBa V1FnIGRHOG djSEp2Ylcg OTBhVzVuSU dScCBkbVZ5 YzJsMGVTIH dnWlhGMVlX eHAgZEhrc0 lHRnVaQyBC cGJtTnNkWE 5wIGIyNGdh VzRnZEcgaG xJSGR2Y210 dyBiR0ZqWl NCaGJtIFFn YUdGeklHSm wgWlc0Z1ky OXVjMiBsem RHVnVkR3g1 IElISmxZMj luYm0gbDZa V1FnWm05eS BJR2wwY3lC bFptIFp2Y2 5SekxDQnAg Ym1Oc2RXUn BibSBjZ1lt VnBibWNnIG JtRnRaV1Fn YjIgNWxJRz ltSUhSbyBa U0JDWlhOME lFIFZ0Y0d4 dmVXVnkgY3 lCbWIzSWdS RyBsMlpYSn phWFI1IElH SjVJRVp2Y2 0gSmxjeUJw YmlBeSBNRE l4TGp4aWNq IDR4TXk0Z1 ZHaGwgSUdO dmJYQmhibi BrZ2FHRnpJ R0VnIGMzUn liMjVuSUcg TnZiVzFwZE cxbCBiblFn ZEc4Z1kyID l5Y0c5eVlY UmwgSUhOdl kybGhiQyBC eVpYTndiMj V6IGFXSnBi R2wwZVMgd2 dkMmwwYUNC cCBibWwwYV dGMGFYIFps Y3lCbWIyTj EgYzJWa0lH OXVJRyBWa2 RXTmhkR2x2 IGJpd2daVz UyYVggSnZi bTFsYm5SaC BiQ0J3Y205 MFpXIE4wYV c5dUxDQmgg Ym1RZ1pHbH pZWCBOMFpY SWdjbVZzIG FXVm1JR1Zt Wm0gOXlkSE 11UEdKeSBQ akUwTGlCSV pXIDVyWld6 aWdKbHogSU dGdWJuVmhi QyBCSGJHOW lZV3dnIFUz VnpkR0ZwYm 0gRmlhV3hw ZEhrZyBVbV Z3YjNKMElH IGhoY3lCeV pXTmwgYVha bFpDQnVkVy AxbGNtOTFj eUJoIGQyRn laSE1nWVcg NWtJSEpsWT I5biBibWww YVc5dWN5IH dnYVc1amJI VmsgYVc1bk lHMTFiSCBS cGNHeGxJRW R2IGJHUWdR WGRoY20gUn pJR1p5YjIw ZyBkR2hsSU V4bFlXIGQx WlNCdlppQk IgYldWeWFX TmhiaSBCRG IyMXRkVzVw IFkyRjBhVz l1Y3kgQlFj bTltWlhOei BhVzl1WVd4 ekxqIHhpY2 o0eE5TNGcg U1c0Z01qQX lNUyB3Z1NH VnVhMlZzIE lIZGhjeUJ5 WVcgNXJaV1 FnTmpGeiBk Q0J2YmlCR2 IzIEppWlhQ aWdKa2cgYk dsemRDQnZa aSBCVWFHVW dWMjl5IGJH VGlnSmx6SU UgMXZjM1Fn VW1WdyBkWF JoWW14bElF IE52YlhCaG JtbGwgY3l3 Z2QyaHBZMi BnZ1lYTnpa WE56IFpYTW dZU0JqYjIg MXdZVzU1NG 9DWiBjeUIw Y25WemRIIG R2Y25Sb2FX NWwgYzNNc0 lHeGxZVyBS bGNuTm9hWE FzIElHRnVa Q0J3WlggSm 1iM0p0WVc1 aiBaUzQ9Ci AgICAgICAg PC9zcGFuPg ogICAgICAg IAogICAgIC AgIA==