Pernod Ricard

-8.23%

More reviews (6)

Live  

Pernod Ricard is a French company that produces and distributes alcoholic beverages. The company, founded in 1975, is one of the leading producers of wines and spirits in the world.
Pernod Ricard's product portfolio includes a wide range of well-known brands such as Absolut Vodka, Jameson Irish Whiskey, Chivas Regal Scotch Whiskey, and Perrier-Jouët Champagne. The company also owns and operates production facilities and distribution networks in various countries around the world.
Pernod Ricard is headquartered in Paris, France and has a presence in over 180 countries. The company has over 19,000 employees and reported net sales of 8,448 million euros in the fiscal year 2019.
The company follows a decentralized structure, with its operations organized into four regions: Europe, the Americas, Asia, and the rest of the world. This allows Pernod Ricard to have a strong local presence and better tailor its products and marketing strategies to different markets.
Pernod Ricard is also committed to sustainability and responsible consumption of its products. The company has implemented various initiatives to reduce its environmental impact and promote responsible drinking.
Overall, Pernod Ricard is a global leader in the alcoholic beverages industry, with a wide range of popular brands and a strong presence in both traditional and emerging markets.

UGVybm9kIF JpY2FyZCBp cyBhIGJpZy Bjb21wYW55 IHRoYXQgbW FrZXMgYW5k IHNlbGxzIG RyaW5rcywg ZXNwZWNpYW xseSBhbGNv aG9saWMgb2 5lcyBsaWtl IHdoaXNrZX ksIHZvZGth LCBnaW4sIG FuZCBydW0u IFRoZXkgaG F2ZSBmYW1v dXMgYnJhbm RzIGxpa2Ug QWJzb2x1dC BWb2RrYSwg SmFtZXNvbi BJcmlzaCBX aGlza2V5LC BhbmQgTWFs aWJ1IFJ1bS 4gPGJyPlRo ZSB3YXkgUG Vybm9kIFJp Y2FyZCBtYW tlcyBtb25l eSBpcyBieS BjcmVhdGlu ZyB0aGVzZS Bkcmlua3Mg YW5kIHNlbG xpbmcgdGhl bSB0byBzdG 9yZXMsIHJl c3RhdXJhbn RzLCBhbmQg YmFycyBhcm 91bmQgdGhl IHdvcmxkLi BXaGVuIHBl b3BsZSBidX kgdGhlc2Ug ZHJpbmtzIH RvIGVuam95 IGF0IHBhcn RpZXMgb3Ig bWVhbHMsIH RoZSBjb21w YW55IGVhcm 5zIG1vbmV5 IGZyb20gdG hvc2Ugc2Fs ZXMuIDxicj 5QZXJub2Qg UmljYXJkIG lzIHN1Y2Nl c3NmdWwgYm VjYXVzZSB0 aGV5IGhhdm UgYSBsb3Qg b2YgcG9wdW xhciBicmFu ZHMgdGhhdC BwZW9wbGUg cmVjb2duaX plIGFuZCBs b3ZlLiBUaG V5IGFsc28g ZG8gYSBncm VhdCBqb2Ig b2YgbWFya2 V0aW5nIHRo ZWlyIHByb2 R1Y3RzLCB3 aGljaCBtZW FucyB0aGV5 IGtub3cgaG 93IHRvIGxl dCBwZW9wbG Uga25vdyBh Ym91dCB0aG VpciBkcmlu a3MgYW5kIH doeSB0aGV5 IHNob3VsZC B0cnkgdGhl bS4gVGhleS BtYWtlIHN1 cmUgdGhlaX IgZHJpbmtz IGFyZSBvZi Bnb29kIHF1 YWxpdHksIH doaWNoIGhl bHBzIGdhaW 4gY3VzdG9t ZXJz4oCZIH RydXN0Ljxi cj5Mb29raW 5nIHRvIHRo ZSBmdXR1cm UsIFBlcm5v ZCBSaWNhcm QgaXMgbGlr ZWx5IHRvIG NvbnRpbnVl IGJlaW5nIH N1Y2Nlc3Nm dWwgYmVjYX VzZSB0aGV5 IGtlZXAgY2 9taW5nIHVw IHdpdGggbm V3IGlkZWFz LCBsaWtlIG NyZWF0aW5n IG5ldyBmbG F2b3JzIG9y IHNwZWNpYW wgZWRpdGlv bnMgb2YgdG hlaXIgZHJp bmtzLiBUaG V5IGFsc28g cGF5IGF0dG VudGlvbiB0 byB3aGF0IH Blb3BsZSBs aWtlIGFuZC BhcmUgYWx3 YXlzIHRyeW luZyB0byBp bXByb3ZlIH RoZWlyIHBy b2R1Y3RzLi BNb3Jlb3Zl ciwgc2luY2 UgbWFueSBw ZW9wbGUgZW 5qb3kgaGF2 aW5nIGRyaW 5rcyBkdXJp bmcgY2VsZW JyYXRpb25z IG9yIHNvY2 lhbCBldmVu dHMsIHRoZX JlIHdpbGwg YWx3YXlzIG JlIGEgZGVt YW5kIGZvci B0aGVpciBw cm9kdWN0cy 48YnI+U28s IGluIGEgbn V0c2hlbGws IFBlcm5vZC BSaWNhcmQg bWFrZXMgdG FzdHkgZHJp bmtzLCBzZW xscyB0aGVt IHRvIHBlb3 BsZSBhcm91 bmQgdGhlIH dvcmxkLCBh bmQgc3RheX Mgc3VjY2Vz c2Z1bCBieS BrZWVwaW5n IHRoaW5ncy BmcmVzaCBh bmQgZXhjaX Rpbmcgd2hp bGUgZW5zdX JpbmcgcXVh bGl0eSB0aG F0IGN1c3Rv bWVycyBsb3 ZlITxicj4=

MS4gV29ybG QncyBzZWNv bmQtbGFyZ2 VzdCBzcGly aXRzIGNvbX Bhbnk6IFBl cm5vZCBSaW NhcmQgaXMg dGhlIHNlY2 9uZC1sYXJn ZXN0IHNwaX JpdHMgY29t cGFueSBpbi B0aGUgd29y bGQsIGJlaG luZCBEaWFn ZW8sIGFuZC Bvd25zIG51 bWVyb3VzIG dsb2JhbCBi cmFuZHMgc3 VjaCBhcyBB YnNvbHV0LC BDaGl2YXMg UmVnYWwsIE phbWVzb24s IGFuZCBNYX J0ZWxsLjxi cj4yLiBGcm VuY2ggaGVy aXRhZ2UgYW 5kIGN1bHR1 cmU6IFBlcm 5vZCBSaWNh cmQgd2FzIG ZvdW5kZWQg aW4gRnJhbm NlIGFuZCBp dHMgaGVhZH F1YXJ0ZXJz IGFyZSBzdG lsbCBsb2Nh dGVkIGluIF BhcmlzLiBU aGUgY29tcG FueSdzIEZy ZW5jaCBoZX JpdGFnZSBh bmQgY3VsdH VyZSBhcmUg ZGVlcGx5IG VtYmVkZGVk IGluIGl0cy B2YWx1ZXMg YW5kIHByb2 R1Y3RzLjxi cj4zLiBTdH JvbmcgcG9y dGZvbGlvIG 9mIHByZW1p dW0gYnJhbm RzOiBQZXJu b2QgUmljYX JkIGhhcyBh IGRpdmVyc2 UgcG9ydGZv bGlvIG9mIH ByZW1pdW0g YnJhbmRzIH RoYXQgY2F0 ZXIgdG8gdm FyaW91cyB0 YXN0ZSBwcm VmZXJlbmNl cyBhbmQgcH JpY2UgcG9p bnRzLiBUaG lzIGhhcyBo ZWxwZWQgdG hlIGNvbXBh bnkgZXN0YW JsaXNoIGEg c3Ryb25nIH ByZXNlbmNl IGluIHRoZS BsdXh1cnkg YW5kIHByZW 1pdW0gc3Bp cml0cyBtYX JrZXQuPGJy PjQuIEdsb2 JhbCBwcmVz ZW5jZTogUG Vybm9kIFJp Y2FyZCBoYX MgYSBzdHJv bmcgZ2xvYm FsIHByZXNl bmNlLCB3aX RoIG9wZXJh dGlvbnMgaW 4gb3ZlciA4 NSBjb3VudH JpZXMuIFRo aXMgaGFzIG hlbHBlZCB0 aGUgY29tcG FueSB0YXAg aW50byB2YX Jpb3VzIGlu dGVybmF0aW 9uYWwgbWFy a2V0cyBhbm QgZXhwYW5k IGl0cyBjdX N0b21lciBi YXNlLjxicj 41LiBTdXN0 YWluYWJpbG l0eSBpbml0 aWF0aXZlcz ogUGVybm9k IFJpY2FyZC BpcyBjb21t aXR0ZWQgdG 8gc3VzdGFp bmFibGUgZG V2ZWxvcG1l bnQgYW5kIG hhcyBpbXBs ZW1lbnRlZC B2YXJpb3Vz IGluaXRpYX RpdmVzIHRv IHJlZHVjZS BpdHMgZW52 aXJvbm1lbn RhbCBpbXBh Y3QsIHN1Y2 ggYXMgc3Vz dGFpbmFibG Ugc291cmNp bmcsIHJlZH VjaW5nIHdh dGVyIGFuZC BlbmVyZ3kg Y29uc3VtcH Rpb24sIGFu ZCBwcm9tb3 RpbmcgcmVz cG9uc2libG UgY29uc3Vt cHRpb24uPG JyPjYuIElu bm92YXRpb2 4gYW5kIGNy ZWF0aXZpdH k6IFBlcm5v ZCBSaWNhcm QgaGFzIGEg c3Ryb25nIG ZvY3VzIG9u IGlubm92YX Rpb24gYW5k IGNvbnN0YW 50bHkgbG9v a3MgZm9yIG 5ldyB3YXlz IHRvIGNyZW F0ZSBhbmQg bWFya2V0IG l0cyBwcm9k dWN0cy4gVG hlIGNvbXBh bnkgaGFzIG EgZGVkaWNh dGVkIHRlYW 0gb2YgaW5u b3ZhdG9ycy BhbmQgcmVz ZWFyY2hlcn Mgd2hvIGRl dmVsb3Agbm V3IGRyaW5r cyBhbmQgcG Fja2FnaW5n IGRlc2lnbn MuPGJyPjcu IFN0cm9uZy Bjb3Jwb3Jh dGUgY3VsdH VyZTogUGVy bm9kIFJpY2 FyZCBoYXMg YSBzdHJvbm cgY29ycG9y YXRlIGN1bH R1cmUgYmFz ZWQgb24gaX RzIGZvdXIg Y29yZSB2YW x1ZXMgLSBl bnRyZXByZW 5ldXJzaGlw LCBtdXR1YW wgdHJ1c3Qs IGEgc3Ryb2 5nIHNlbnNl IG9mIGV0aG ljcywgYW5k IGEgZGVlcC ByZXNwZWN0 IGZvciBib3 RoIGN1c3Rv bWVycyBhbm QgZW1wbG95 ZWVzLjxicj 44LiBFbXBo YXNpcyBvbi ByZXNwb25z aWJsZSBhbG NvaG9sIGNv bnN1bXB0aW 9uOiBQZXJu b2QgUmljYX JkIGhhcyBh IHN0cm9uZy Bjb21taXRt ZW50IHRvIH Byb21vdGlu ZyByZXNwb2 5zaWJsZSBh bGNvaG9sIG NvbnN1bXB0 aW9uLCBhbm QgaGFzIGlt cGxlbWVudG VkIHZhcmlv dXMgaW5pdG lhdGl2ZXMg c3VjaCBhcy ByZXNwb25z aWJsZSBhZH ZlcnRpc2lu ZywgY29sbG Fib3JhdGlu ZyB3aXRoIE 5HT3MsIGFu ZCBvZmZlcm luZyBsb3ct YWxjb2hvbC BvcHRpb25z Ljxicj45Li BDb21taXRt ZW50IHRvIG RpdmVyc2l0 eSBhbmQgaW 5jbHVzaW9u OiBQZXJub2 QgUmljYXJk IHByb21vdG VzIGRpdmVy c2l0eSBhbm QgaW5jbHVz aW9uIHdpdG hpbiBpdHMg d29ya2Zvcm NlIGFuZCBp cyBjb21taX R0ZWQgdG8g Y3JlYXRpbm cgYSBkaXZl cnNlIGFuZC BpbmNsdXNp dmUgd29ya3 BsYWNlLjxi cj4xMC4gQ2 9ycG9yYXRl IHNvY2lhbC ByZXNwb25z aWJpbGl0eT ogUGVybm9k IFJpY2FyZC BpcyBpbnZv bHZlZCBpbi B2YXJpb3Vz IGNvcnBvcm F0ZSBzb2Np YWwgcmVzcG 9uc2liaWxp dHkgaW5pdG lhdGl2ZXMs IGluY2x1ZG luZyBzdXBw b3J0aW5nIG xvY2FsIGNv bW11bml0aW VzLCBzdXN0 YWluYWJsZS BhZ3JpY3Vs dHVyZSwgYW 5kIGRpc2Fz dGVyIHJlbG llZiBlZmZv cnRzLiBUaG UgY29tcGFu eSBhbHNvIG hhcyBhIGZv dW5kYXRpb2 4gZGVkaWNh dGVkIHRvIH Byb21vdGlu ZyBhcnQgYW 5kIGN1bHR1 cmUu

UGVybm9kIF JpY2FyZCBp cyBhIEZyZW 5jaCBtdWx0 aW5hdGlvbm FsIGNvbXBh bnkgdGhhdC BvcGVyYXRl cyBpbiB0aG UgYWxjb2hv bGljIGJldm VyYWdlIGlu ZHVzdHJ5Li BUaGVpciBi dXNpbmVzcy Btb2RlbCBp cyBwcmltYX JpbHkgZm9j dXNlZCBvbi Bwcm9kdWNp bmcsIG1hcm tldGluZywg YW5kIGRpc3 RyaWJ1dGlu ZyBwcmVtaX VtIGFuZCBs dXh1cnkgd2 luZXMgYW5k IHNwaXJpdH MuIDxicj5U aGUgY29tcG FueSdzIGJ1 c2luZXNzIG 1vZGVsIHJl dm9sdmVzIG Fyb3VuZCBm b3VyIGtleS BlbGVtZW50 czogPGJyPj EuIFByZW1p dW0gYW5kIG x1eHVyeSBi cmFuZHM6IF Blcm5vZCBS aWNhcmQncy Bwb3J0Zm9s aW8gY29uc2 lzdHMgb2Yg b3ZlciAzNT AgcHJlbWl1 bSBhbmQgbH V4dXJ5IGJy YW5kcywgaW 5jbHVkaW5n IEFic29sdX Qgdm9ka2Es IENoaXZhcy BSZWdhbCB3 aGlza3ksIE 1hcnRlbGwg Y29nbmFjLC BhbmQgUGVy cmllci1Kb3 XDq3QgY2hh bXBhZ25lLi BUaGVzZSBi cmFuZHMgY2 F0ZXIgdG8g ZGlmZmVyZW 50IGN1c3Rv bWVyIHNlZ2 1lbnRzIGFu ZCBoYXZlIG Egc3Ryb25n IGdsb2JhbC BwcmVzZW5j ZS4gPGJyPj IuIElubm92 YXRpb246IF Blcm5vZCBS aWNhcmQgaW 52ZXN0cyBp biByZXNlYX JjaCBhbmQg ZGV2ZWxvcG 1lbnQgdG8g Y29uc3Rhbn RseSBpbm5v dmF0ZSBhbm QgaW50cm9k dWNlIG5ldy Bwcm9kdWN0 cyBpbiB0aG UgbWFya2V0 LiBUaGlzIG VuYWJsZXMg dGhlIGNvbX BhbnkgdG8g Y2F0ZXIgdG 8gY2hhbmdp bmcgY29uc3 VtZXIgdGFz dGVzIGFuZC BwcmVmZXJl bmNlcyBhbm Qgc3RheSBh aGVhZCBpbi B0aGUgaGln aGx5IGNvbX BldGl0aXZl IGFsY29ob2 wgaW5kdXN0 cnkuIDxicj 4zLiBFZmZp Y2llbnQgZG lzdHJpYnV0 aW9uIG5ldH dvcms6IFBl cm5vZCBSaW NhcmQgaGFz IGEgZ2xvYm FsIGRpc3Ry aWJ1dGlvbi BuZXR3b3Jr IHRoYXQgaW 5jbHVkZXMg aXRzIG93bi BzYWxlcyBz dWJzaWRpYX JpZXMgYW5k IHBhcnRuZX JzaGlwcyB3 aXRoIGxvY2 FsIGRpc3Ry aWJ1dG9ycy 4gVGhpcyBu ZXR3b3JrIG FsbG93cyB0 aGVtIHRvIH JlYWNoIGEg d2lkZSByYW 5nZSBvZiBj dXN0b21lcn MgYW5kIGVu c3VyZXMgdG hlaXIgcHJv ZHVjdHMgYX JlIHdpZGVs eSBhdmFpbG FibGUgaW4g ZGlmZmVyZW 50IG1hcmtl dHMuIDxicj 40LiBSZXNw b25zaWJsZS Bkcmlua2lu ZyBhbmQgc3 VzdGFpbmFi aWxpdHk6IF Blcm5vZCBS aWNhcmQgaG FzIGEgc3Ry b25nIGZvY3 VzIG9uIHBy b21vdGluZy ByZXNwb25z aWJsZSBkcm lua2luZyBh bmQgc3VzdG FpbmFibGUg cHJhY3RpY2 VzIGluIGl0 cyBvcGVyYX Rpb25zIGFu ZCBhY3Jvc3 MgaXRzIHN1 cHBseSBjaG Fpbi4gVGhp cyBpcyByZW ZsZWN0ZWQg aW4gdGhlaX IgY29ycG9y YXRlIHNvY2 lhbCByZXNw b25zaWJpbG l0eSBpbml0 aWF0aXZlcy BhbmQgcGFy dG5lcnNoaX BzIHdpdGgg b3JnYW5pem F0aW9ucyB0 byBwcm9tb3 RlIHJlc3Bv bnNpYmxlIG NvbnN1bXB0 aW9uIG9mIG FsY29ob2wu IDxicj5Pdm VyYWxsLCBQ ZXJub2QgUm ljYXJkJ3Mg YnVzaW5lc3 MgbW9kZWwg aXMgY2VudG VyZWQgYXJv dW5kIHByb3 ZpZGluZyBo aWdoLXF1YW xpdHksIGlu bm92YXRpdm UgcHJvZHVj dHMgdG8gYS BkaXZlcnNl IGN1c3RvbW VyIGJhc2Ug dGhyb3VnaC BhbiBlZmZp Y2llbnQgYW 5kIHJlc3Bv bnNpYmxlIG FwcHJvYWNo LiBUaGlzIG hhcyBlbmFi bGVkIHRoZS Bjb21wYW55 IHRvIGJlY2 9tZSBhIGxl YWRpbmcgcG xheWVyIGlu IHRoZSBnbG 9iYWwgYWxj b2hvbCBpbm R1c3RyeS4=

AI has the potential to impact Pernod Ricard, a leader in the global alcoholic beverages market, in various ways related to its products, services, and competitive positioning.
1. Substitution: AI can drive innovation in alternative beverages, such as noalcoholic or low-alcohol options. As consumer preferences shift toward healthier lifestyles, AI-enabled companies may create sophisticated products that substitute traditional alcoholic beverages. This could lead to market share loss for Pernod Ricard if they do not adapt to changing consumer trends.
2. Disintermediation: AI can facilitate direct-to-consumer models, allowing brands to sell their products without relying on traditional distribution channels. This could disrupt Pernod Ricard’s existing supply chain and distribution frameworks, potentially reducing their market control. Brands leveraging AI for personalized marketing and distribution may create closer connections with consumers, diminishing the importance of established distributors and retailers.
3. Margin Pressure: The integration of AI technologies can lead to increased efficiency and improved supply chain management, which is advantageous for competitors who can leverage these tools effectively. If competitors reduce costs through AI-driven efficiencies, Pernod Ricard may face pressure to lower prices or invest in their own AI technologies, potentially impacting profit margins.
In conclusion, while AI poses challenges in terms of substitution, disintermediation, and margin pressure, it also presents opportunities for innovation and efficiency. Pernod Ricard will need to leverage AI strategically to enhance its competitive positioning and address evolving consumer preferences.

Pernod Ricard’s sensitivity to changes in interest rates can be analyzed through several key financial aspects:
1. Earnings Sensitivity: Higher interest rates can increase borrowing costs for companies, affecting earnings. If Pernod Ricard has significant debt, higher interest expenses could reduce net income. However, as a consumer goods company, it may be less sensitive to changes in interest rates compared to firms in more capital-intensive industries, since demand for spirits tends to be relatively stable even during economic fluctuations.
2. Cash Flow Sensitivity: Rising interest rates can impact consumer spending, potentially leading to lower sales volumes for Pernod Ricard’s products. If consumers reduce discretionary spending, it could negatively affect cash flows. Furthermore, if the company has variable-rate debt, higher interest rates would lead to increased cash outflows for interest payments, thus reducing free cash flow available for reinvestment or dividends.
3. Valuation Sensitivity: Interest rates impact the discount rate used in discounted cash flow (DCF) models, which are commonly employed in valuation. An increase in interest rates generally leads to a higher discount rate, decreasing the present value of future cash flows. This could lead to a reduction in the company’s valuation. Conversely, lower interest rates make financing cheaper and can positively impact valuation by increasing the present value of future earnings.
Overall, while Pernod Ricard is somewhat insulated due to the nature of its products, it is still susceptible to fluctuations in interest rates through its debt costs, consumer spending patterns, and overall valuation frameworks.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgUG Vybm9kIFJp Y2FyZOKAmX MgZWNvbm9t aWNzIG92ZX IgdGhlIG5l eHQgM+KAkz UgeWVhcnMg aXMgYSBzaW duaWZpY2Fu dCBhbmQgcH JvbG9uZ2Vk IGRlY2xpbm UgaW4gdGhl IGdsb2JhbC BkZW1hbmQg Zm9yIGFsY2 9ob2wsIGRy aXZlbiBieS BhIGNvbWJp bmF0aW9uIG 9mIGhlYWx0 aCB0cmVuZH MsIHJlZ3Vs YXRvcnkgbW Vhc3VyZXMs IGFuZCBjdW x0dXJhbCBz aGlmdHMuIE luIHRoaXMg c2NlbmFyaW 8sIHNldmVy YWwgaW50ZX Jjb25uZWN0 ZWQgZmFjdG 9ycyBjb3Vs ZCBjb250cm lidXRlIHRv IGEgcmVkdW N0aW9uIGlu IGNvbnN1bX B0aW9uOjxi cj4xLiA8c3 Ryb25nPkhl YWx0aCBBd2 FyZW5lc3Mg YW5kIExpZm VzdHlsZSBD aGFuZ2VzPC 9zdHJvbmc+ OiBJbmNyZW FzZWQgcHVi bGljIGF3YX JlbmVzcyBv ZiB0aGUgaG VhbHRoIHJp c2tzIGFzc2 9jaWF0ZWQg d2l0aCBhbG NvaG9sIGNv bnN1bXB0aW 9uIGNvdWxk IGxlYWQgdG 8gYSBicm9h ZGVyIHNvY2 lldGFsIHNo aWZ0IHRvd2 FyZCBzb2Jy aWV0eS4gSW 5mbHVlbmNl cnMsIGhlYW x0aCBhZHZv Y2F0ZXMsIG FuZCBwdWJs aWMgZmlndX JlcyBjb3Vs ZCBjaGFtcG lvbiBzb2Jy aWV0eSBhcy BhIGxpZmVz dHlsZSBjaG 9pY2UsIHNp Z25pZmljYW 50bHkgaW1w YWN0aW5nIH lvdW5nZXIg ZGVtb2dyYX BoaWNzIGFu ZCB0cmFkaX Rpb25hbCBk cmlua2luZy BjdWx0dXJl cy48YnI+Mi 4gPHN0cm9u Zz5SZWd1bG F0b3J5IENo YWxsZW5nZX M8L3N0cm9u Zz46IEdvdm Vybm1lbnRz IGFyb3VuZC B0aGUgd29y bGQgY291bG QgaW50cm9k dWNlIHN0cm ljdGVyIHJl Z3VsYXRpb2 5zIG9uIGFs Y29ob2wgc2 FsZXMsIGlu Y2x1ZGluZy BoaWdoZXIg dGF4ZXMsIG FkdmVydGlz aW5nIHJlc3 RyaWN0aW9u cywgYW5kIH JlZHVjZWQg YWNjZXNzIH BvaW50cy4g Q29tcGxpYW 5jZSBjb3N0 cyBhbmQgcm VndWxhdG9y eSBidXJkZW 5zIGNvdWxk IGZ1cnRoZX Igc3RyYWlu IHRoZSBjb2 1wYW554oCZ cyBvcGVyYX Rpb25zLjxi cj4zLiA8c3 Ryb25nPkVt ZXJnZW5jZS BvZiBBbHRl cm5hdGl2ZX M8L3N0cm9u Zz46IFRoZS ByaXNlIG9m IG5vYWxjb2 hvbGljIGJl dmVyYWdlcy wgaW5jbHVk aW5nIGxvdy 1jYWxvcmll IGFuZCBuby 1hbGNvaG9s IG9wdGlvbn MsIGNvdWxk IGVyb2RlIF Blcm5vZCBS aWNhcmTigJ lzIG1hcmtl dCBzaGFyZS 4gVGhlc2Ug YWx0ZXJuYX RpdmVzIG1p Z2h0IGJlIG Zhdm9yZWQg YnkgaGVhbH RoLWNvbnNj aW91cyBjb2 5zdW1lcnMs IHBhcnRpY3 VsYXJseSBp biB1cmJhbi BhcmVhcy48 YnI+SWYgdG hpcyBzY2Vu YXJpbyB3ZX JlIHRvIHBs YXkgb3V0LC B0aGUgaW1w bGljYXRpb2 5zIGZvciBQ ZXJub2QgUm ljYXJk4oCZ cyBtYXJnaW 5zLCBjYXNo IGZsb3csIG FuZCBiYWxh bmNlIHNoZW V0IGNvdWxk IGJlIHNpZ2 5pZmljYW50 Ojxicj4tID xzdHJvbmc+ TWFyZ2lucz wvc3Ryb25n PjogVGhlIG NvbXBhbnni gJlzIHByb2 ZpdCBtYXJn aW5zIHdvdW xkIGxpa2Vs eSBjb21wcm VzcyBhcyBz YWxlcyBkZW NsaW5lLiBU aGUgZml4ZW QgY29zdHMg YXNzb2NpYX RlZCB3aXRo IHByb2R1Y3 Rpb24gYW5k IGRpc3RyaW J1dGlvbiB3 b3VsZCByZW 1haW4gd2hp bGUgcmV2ZW 51ZXMgZHdp bmRsZSwgbG VhZGluZyB0 byByZWR1Y2 VkIHByb2Zp dGFiaWxpdH kuIFRoZSBz aGlmdCB0b3 dhcmQgYWx0 ZXJuYXRpdm UgYmV2ZXJh Z2VzIG1pZ2 h0IHJlcXVp cmUgYWRkaX Rpb25hbCBp bnZlc3RtZW 50IGluIG5l dyBwcm9kdW N0IGxpbmVz IHRoYXQgbW F5IG5vdCB5 aWVsZCBpbW 1lZGlhdGUg cmV0dXJucy 48YnI+LSA8 c3Ryb25nPk Nhc2ggRmxv dzwvc3Ryb2 5nPjogUmVk dWNlZCBzYW xlcyB3b3Vs ZCBsZWFkIH RvIGEgZGVj bGluZSBpbi BjYXNoIGZs b3cgZnJvbS BvcGVyYXRp b25zLiBBcy BjYXNoIGZs b3cgdGlnaH RlbnMsIFBl cm5vZCBSaW NhcmQgbWln aHQgc3RydW dnbGUgdG8g ZnVuZCBjYX BpdGFsIGV4 cGVuZGl0dX JlcywgZGl2 aWRlbmQgcG F5b3V0cywg b3Igc2hhcm UgYnV5YmFj a3Mgd2l0aG 91dCBpbmN1 cnJpbmcgZG VidC4gQSBz aWduaWZpY2 FudCBkcm9w IGluIGNhc2 ggZmxvdyBj b3VsZCBsaW 1pdCB0aGUg Y29tcGFuee KAmXMgYWJp bGl0eSB0by BpbnZlc3Qg aW4gaW5ub3 ZhdGlvbiBv ciBtYXJrZX RpbmcgbmVj ZXNzYXJ5IH RvIGFkYXB0 IHRvIGNoYW 5naW5nIGNv bnN1bWVyIH ByZWZlcmVu Y2VzLjxicj 4tIDxzdHJv bmc+QmFsYW 5jZSBTaGVl dDwvc3Ryb2 5nPjogQSBw ZXJzaXN0ZW 50IGRlY2xp bmUgaW4gcm V2ZW51ZSBh bmQgcHJvZm l0YWJpbGl0 eSBjb3VsZC ByZXN1bHQg aW4gYXNzZX QgaW1wYWly bWVudCwgcG FydGljdWxh cmx5IGZvci BicmFuZCBl cXVpdHkgYW 5kIGdvb2R3 aWxsIGFzc2 9jaWF0ZWQg d2l0aCB1bm RlcnBlcmZv cm1pbmcgYn JhbmRzLiBU aGlzIG1heS BuZWNlc3Np dGF0ZSB3cm l0ZS1kb3du cyB0aGF0IG NvdWxkIHdl YWtlbiB0aG UgYmFsYW5j ZSBzaGVldC 4gQWRkaXRp b25hbGx5LC BpZiB0aGUg Y29tcGFueS BuZWVkZWQg dG8gcmVzb3 J0IHRvIGhp Z2hlciBsZX ZlbHMgb2Yg ZGVidCB0by BtYWludGFp biBvcGVyYX Rpb25zIG9y IGludmVzdC BpbiBuZXcg c2VnbWVudH MsIGl0cyBs ZXZlcmFnZS ByYXRpb3Mg Y291bGQgd2 9yc2VuLCBw b3RlbnRpYW xseSBpbXBh Y3RpbmcgY3 JlZGl0IHJh dGluZ3MgYW 5kIGluY3Jl YXNpbmcgYm 9ycm93aW5n IGNvc3RzLj xicj5JbiBj b25jbHVzaW 9uLCBzdWNo IGEgc2Nlbm FyaW8gY291 bGQgbGVhZC B0byBhIGxh c3RpbmcgYW x0ZXJhdGlv biBpbiBQZX Jub2QgUmlj YXJk4oCZcy BidXNpbmVz cyBtb2RlbC wgcmVxdWly aW5nIHN0cm F0ZWdpYyBz aGlmdHMgdG 8gcmVtYWlu IHZpYWJsZS BpbiBhIHRy YW5zZm9ybW VkIG1hcmtl dCBsYW5kc2 NhcGUuPGJy Pg==

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 bG9nb3MvNH NsWVRHWU1J YWNTUld4QX pjVUsud2Vi cCIgYWx0PS JQZXJub2Qg UmljYXJkIi B0aXRsZT0i UGVybm9kIF JpY2FyZCIg IGNsYXNzPS JpbWctZmx1 aWQiIGhlaW dodD01MCB3 aWR0aD01MC Bsb2FkaW5n PSdsYXp5Jy BzdHlsZT0n Ym9yZGVyLX JhZGl1czog NnB4Oyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J2ZsZXg6 IDE7IHRleH QtYWxpZ246 IGNlbnRlcj sgbWFyZ2lu LWxlZnQ6ID VweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8cCBzdHls ZT0nZm9udC 1zaXplOiAy NnB4OyBjb2 xvcjogIzMz MzsgbWFyZ2 luLWJvdHRv bTogMTVweD snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TiCBX YW50IHRvIH JlYWQgbW9y ZSBhYm91dC BQZXJub2Qg UmljYXJkPw ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L3A+Cg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdpbmRl eC5waHA/cG FnZT1zaWdu dXAnIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICMw MDdCRkY7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBjb2 xvcjogI2Zm ZjsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHBhZGRpbm c6IDEwcHgg MjBweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJvcm Rlci1yYWRp dXM6IDVweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH RleHQtZGVj b3JhdGlvbj ogbm9uZTsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGZv bnQtd2VpZ2 h0OiBib2xk OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luLX JpZ2h0OiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdHJhbn NpdGlvbjog YmFja2dyb3 VuZC1jb2xv ciAwLjNzIG Vhc2U7Jwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgb25t b3VzZW92ZX I9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA1NmIz IicKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IG9ubW91c2 VvdXQ9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA3 QkZGIic+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIGZv ciBmcmVlCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwvYT4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxzcGFuIH N0eWxlPSdt YXJnaW46ID AgOHB4OyBj b2xvcjogIz U1NTsnPm9y PC9zcGFuPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naW5k ZXgucGhwP3 BhZ2U9bG9n aW4nIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGNvbG9y OiAjMDA3Qk ZGOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdGV4dC1k ZWNvcmF0aW 9uOiB1bmRl cmxpbmU7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBmb2 50LXdlaWdo dDogNTAwOy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bsb2cgaW4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgoK CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxwIHN0 eWxlPSdtYX JnaW4tdG9w OiAxNXB4Oy Bmb250LXNp emU6IDEzcH g7IGZvbnQt d2VpZ2h0Oi Bib2xkOyBj b2xvcjogI2 QzMmYyZjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+TmCBDbG FpbSB5b3Vy IGZyZWUgZU Jvb2s6IDxp PiJUaGUgQ2 hlY2tsaXN0 IFZhbHVlIE ludmVzdG9y IOKAlCBBIF NtYXJ0ZXIg V2F5IHRvIF BpY2sgU3Rv Y2tzIjwvaT 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9wPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxMnB4 OyBmb250LX NpemU6IDEz cHg7IGNvbG 9yOiAjNDQ0 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIG5vdyBh bmQgZ2V0IG 91ciBmcmVl IGVCb29rIA ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG I+VGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrczwvYj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIC0tPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8IS0tCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J21hcm dpbi10b3A6 IDE2cHg7IG ZvbnQtc2l6 ZTogMTRweD sgY29sb3I6 ICM0NDQ7IG ZvbnQtZmFt aWx5OiAtYX BwbGUtc3lz dGVtLCBCbG lua01hY1N5 c3RlbUZvbn QsIFNlZ29l IFVJLCBSb2 JvdG8sIEhl bHZldGljYS BOZXVlLCBz YW5zLXNlcm lmOyBsaW5l LWhlaWdodD ogMS42Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBI YXZlIHlvdS BoZWFyZCBh Ym91dCBvdX Igc2hvcnQg PHN0cm9uZy BzdHlsZT0n Zm9udC13ZW lnaHQ6IDYw MDsnPkRhaW x5IFZpZGVv IE5ld3NsZX R0ZXI8L3N0 cm9uZz4/Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdo dHRwczovL3 d3dy5pbnNp Z2h0ZnVsdm FsdWUuY29t L25ld3NsZX R0ZXIucGhw JyB0YXJnZX Q9J19ibGFu aycgc3R5bG U9J2NvbG9y OiAjMDA3Qk ZGOyB0ZXh0 LWRlY29yYX Rpb246IG5v bmU7IGZvbn Qtd2VpZ2h0 OiA1MDA7IG 1hcmdpbi1s ZWZ0OiA2cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBG aW5kIG91dC Btb3JlCiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8L2E+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgCi AgICAgICAg CiAgICAgIC AgPHNwYW4g Y2xhc3M9J2 JsdXJyZWQt dGV4dCc+Ci AgICAgICAg ICAgIE1TNG dVR1Z5Ym0g OWtJRkpwWT JGeSBaQ0Jw Y3lCaElHIG RzYjJKaGJD QmogYjIxd1 lXNTVJSCBS b1lYUWdjSE p2IFpIVmpa WE1nWVcgNW tJRzFoY210 bCBkSE1nWV NCMllYIEpw WlhSNUlHOW 0gSUdGc1ky OW9iMiB4cF l5QmlaWFps IGNtRm5aWE 1zSUcgbHVZ MngxWkdsdS BaeUJ6Y0ds eWFYIFJ6TE NCM2FXNWwg TENCaGJtUW dZMiBoaGJY QmhaMjVsIE xpQkpkQ0Jw Y3kgQjBhR1 VnYzJWaiBi MjVrTFd4aG NtIGRsYzNR Z2MzQnAgY2 1sMGN5Qmpi MiAxd1lXNT VJR2x1IElI Um9aU0IzYj MgSnNaQ3dn WW1WbyBhVz VrSUVScFlX IGRsYnk0OF luSSsgTWk0 Z1ZHaGxJRy BOdmJYQmhi bmtnIGQyRn pJR1p2ZFcg NWtaV1FnYV c0ZyBNVGsz TlNCMGFIIE p2ZFdkb0lI Um8gWlNCdF pYSm5aWCBJ Z2IyWWdkSG R2IElFWnla VzVqYUMgQm piMjF3WVc1 cCBaWE1zSU ZCbGNtIDV2 WkNCaGJtUW cgVW1sallY SmtMaSBCUV pYSnViMlFn IGQyRnpJR1 p2ZFcgNWta V1FnYVc0Zy BNVGd3TlNC aGN5IEJoSU dScGMzUnAg Ykd4bGNua2 djMyBCbFky bGhiR2w2IG FXNW5JR2x1 SUcgRnVhWE 5sTFdKaCBj MlZrSUhOd2 FYIEpwZEhN c0lHRnUgWk NCU2FXTmhj bSBRZ2QyRn pJR1p2IGRX NWtaV1FnYV cgNGdNVGt6 TWlCaCBjeU JoSUhCeWIy IFIxWTJWeU lHOW0gSUhC aGMzUnBjeS B3Z1lXNGdZ VzVwIGMyVX RabXhoZG0g OXlaV1FnWV hCbCBjbWww YVdZdVBHIE p5UGpNdUlG QmwgY201dl pDQlNhVyBO aGNtVGlnSm x6IElIQnZj blJtYjIgeH BieUJ2WmlC aSBjbUZ1Wk hNZ2FXIDVq YkhWa1pYTW cgYzI5dFpT QnZaaSBCMG FHVWdiVzl6 IGRDQjNaV3 hzTFcgdHVi M2R1SUdGdS BaQ0J3Y21W emRHIGxuYV c5MWN5QnUg WVcxbGN5Qn BiaSBCMGFH VWdZV3hqIG IyaHZiQ0Jw Ym0gUjFjM1 J5ZVN3ZyBj M1ZqYUNCaG N5IEJCWW5O dmJIVjAgSU hadlpHdGhM QyBCRGFHbD JZWE1nIFVt Vm5ZV3dnZD IgaHBjMnQ1 TENCSyBZVz FsYzI5dUlF IGx5YVhOb0 lIZG8gYVhO clpYa3NJRS AxaGNuUmxi R3dnIFkyOW 5ibUZqTEMg QmhibVFnVU dWeSBjbWxs Y2kxS2IzIF hEcTNRZ1ky aGggYlhCaF oyNWxMaiB4 aWNqNDBMaU JVIGFHVWdZ Mjl0Y0cgRn VlZUtBbVhN ZyBaMnh2WW 1Gc0lHIGhs WVdSeGRXRn kgZEdWeWN5 QnBjeSBCc2 IyTmhkR1Zr IElHbHVJRk JoY20gbHpM Q0JHY21GdS BZMlVzSUdK MWRDIEJwZE NCb1lYTWcg WVNCd2NtVn paVyA1alpT QnBiaUJ2IG RtVnlJRGcx SUcgTnZkVz UwY21sbCBj eUJoYm1RZ1 pXIDF3Ykc5 NWN5QnYgZG 1WeUlERTRM RCBBd01DQn daVzl3IGJH VWdkMjl5Yk cgUjNhV1Js TGp4aSBjaj QxTGlCUVpY IEp1YjJRZ1 VtbGogWVhK a0lHaGhjeS BCaElITjBj bTl1IFp5Qm piMjF0YVgg UnRaVzUwSU hSdiBJSE4x YzNSaGFXID VoWW1sc2FY UjUgSUdGdV pDQm9ZWCBN Z2MyVjBJR0 Z0IFltbDBh VzkxY3kgQj BZWEpuWlhS eiBJSFJ2SU hKbFpIIFZq WlNCcGRITW cgWlc1MmFY SnZibSAxbG JuUmhiQ0Jw IGJYQmhZM1 F1SUUgbHVJ REl3TWpBcy BJSFJvWlNC amIyIDF3WV c1NUlHeGgg ZFc1amFHVm tJRyBsMGN5 QkhiMjlrIE lGUnBiV1Z6 SUcgWnliMj BnWVNCSCBi MjlrSUZCc1 lXIE5sSUhO MWMzUmggYV c1aFltbHNh WCBSNUlHRn VaQ0J5IFpY TndiMjV6YV cgSnBiR2ww ZVNCeSBiMk ZrYldGd0xD IEIzYUdsam FDQnAgYm1O c2RXUmxjeS BCMFlYSm5a WFJ6IElHWn ZjaUJ5Wlcg UjFZMmx1Wn lCaiBZWEpp YjI0Z1pXID FwYzNOcGIy NXogTENCd2 NtOXRiMyBS cGJtY2djbV Z6IGNHOXVj MmxpYkcgVW daSEpwYm10 cCBibWNzSU dGdVpDIEJ0 YjNKbExqeG kgY2o0Mkxp QlFaWCBKdW IyUWdVbWxq IFlYSmtJR2 hoY3kgQmhJ R3h2Ym1jZy BhR2x6ZEc5 eWVTIEJ2Wm lCcGJtNXYg ZG1GMGFXOX VJRyBsdUlI Um9aU0JoIG JHTnZhRzlz SUcgbHVaSF Z6ZEhKNSBM aUJKYmlCMG FHIFVnTVRr ek1ITXMgSU dsMElIQnBi MiA1bFpYSm xaQ0IwIGFH VWdZMjl0Yl cgVnlZMmxo YkNCdyBjbT lrZFdOMGFX IDl1SUc5bU lIQmggYzNS cGN5d2dkMi BocFkyZ2dh R0Z6IElITn BibU5sSUcg SmxZMjl0Wl NCaCBJSEJ2 Y0hWc1lYIE lnWVhCbGNt bDAgYVdZZ2 FXNGdSbiBK aGJtTmxMaU JKIGJpQXhP VGMxTEMgQn BkQ0IzWVhN ZyBiMjVsSU c5bUlIIFJv WlNCbWFYSn ogZENCamIy MXdZVyA1cF pYTWdkRzhn IGJHRjFibU 5vSUcgRWdj SEpsYldsMS BiU0IyYjJS cllTIHdnUV dKemIyeDEg ZEN3Z2QyaH BZMiBnZ2FH RnpJR0psIF kyOXRaU0J2 Ym0gVWdiMl lnYVhSeiBJ SFJ2Y0Mxel pXIHhzYVc1 bklHSnkgWV c1a2N5NDhZ biBJK055NG dWR2hsIElH TnZiWEJoYm 4ga2dhWE1n WVd4eiBieU JyYm05M2Jp IEJtYjNJZ2 FYUnogSUhO MGNtOXVaeS BCdFlYSnJa WFJwIGJtY2 dZMkZ0Y0cg RnBaMjV6SU dGdSBaQ0Jq YjJ4c1lXIE p2Y21GMGFX OXUgY3lCM2 FYUm9JRyBG eWRHbHpkSE 1nIFlXNWtJ R05sYkcgVm ljbWwwYVdW eiBMaUJKYm lBeU1EIEV3 TENCUVpYSn UgYjJRZ1Vt bGpZWCBKa0 lHTnZiR3ho IFltOXlZWF JsWkMgQjNh WFJvSUdaaC BjMmhwYjI0 Z1pHIFZ6YV dkdVpYSWcg U21WaGJpQl FZWCBWc0lF ZGhkV3gwIG FXVnlJSFJ2 SUcgTnlaV0 YwWlNCaCBJ R3hwYldsMF pXIFFnWldS cGRHbHYgYm lCaWIzUjBi RyBVZ1ptOX lJRUZpIGMy OXNkWFFnZG 0gOWthMkVz SUdGdSBaQ0 JwYmlBeU1E IEU0TENCcG RDQncgWVhK MGJtVnlaVy BRZ2QybDBh Q0J6IGFXNW 5aWElnU20g RnVaV3hzWl NCTiBiMjdE b1dVZ1ptID l5SUdFZ2JY VnogYVdNdG FXNXpjRyBs eVpXUWdZMk Z0IGNHRnBa MjRnWm0gOX lJRXBoYldW eiBiMjRnU1 hKcGMyIGdn ZDJocGMydG wgZVM0OFlu SStPQyA0Z1 VHVnlibTlr IElGSnBZMk Z5WkMgQm9Z WE1nWW1WbC BiaUJ5WldO dloyIDVwZW 1Wa0lHWnYg Y2lCcGRITW dZMiA5dGJX bDBiV1Z1IG RDQjBieUJr YVggWmxjbk 5wZEhrZyBZ VzVrSUdsdV kyIHgxYzJs dmJpQnAgYm lCMGFHVWdk MiA5eWEzQn NZV05sIExp QkpiaUF5TU QgSXhMQ0Jw ZENCMyBZWE 1nYm1GdFpX IFFnYjI1bE lHOW0gSUhS b1pTQlViMy BBZ05UQWdS VzF3IGJHOT VaWEp6SUcg WnZjaUJYYj IxbCBiaUJp ZVNCVWFHIF VnVkdsdFpY TXMgSUdGdV pDQnBiaSBB eU1ESXdMQ0 JwIGRDQjNZ WE1nYVcgNW piSFZrWldR ZyBhVzRnZE dobElFIEpz YjI5dFltVn kgWnlCSFpX NWtaWCBJZ1 JYRjFZV3hw IGRIa2dTVz VrWlggZ3VQ R0p5UGprdS BJRWx1SUdG a1pHIGwwYV c5dUlIUnYg SUdsMGN5Qm 1iMiBOMWN5 QnZiaUJ6IG RYTjBZV2x1 WVcgSnBiR2 wwZVNCaCBi bVFnY21Wem NHIDl1YzJs aWJHVWcgWk hKcGJtdHBi bSBjc0lGQm xjbTV2IFpD QlNhV05oY2 0gUWdZV3h6 YnlCbyBZWE 1nWVNCemRI IEp2Ym1jZ1 kyOXQgYlds MGJXVnVkQy BCMGJ5Qmpi M0p3IGIzSm hkR1VnYzIg OWphV0ZzSU hKbCBjM0J2 Ym5OcFltIG xzYVhSNUxp QlUgYUdVZ1 kyOXRjRyBG dWVTQm9ZWE 1nIFlTQm1i M1Z1WkcgRj BhVzl1TENC USBaWEp1Yj JRZ1VtIGxq WVhKa0lHWn YgY2lCMGFH VWdVRyB4aG JtVjBMQ0Iz IGFHbGphQ0 J6ZFggQndi M0owY3lCcy BiMk5oYkNC aGJtIFFnYV c1MFpYSnUg WVhScGIyNW hiQyBCd2Nt OXFaV04wIG N5QnlaV3ho ZEcgVmtJSF J2SUdWayBk V05oZEdsdm JpIHdnYUdW aGJIUm8gTE NCaGJtUWdk RyBobElHVn VkbWx5IGIy NXRaVzUwTG ogeGljajR4 TUM0ZyBVR1 Z5Ym05a0lG IEpwWTJGeV pPS0EgbVhN Z1lXNXVkVy BGc0lITmhi R1Z6IElHbH VJREl3TWog QWdkMlZ5Wl NBNCBMalVn WW1sc2JHIG x2YmlCRmRY SnYgY3l3Z2 QybDBhQyBC MGFHVWdWVz VwIGRHVmtJ Rk4wWVggUm xjeUJpWlds dSBaeUIwYU dVZ2JHIEZ5 WjJWemRDQn QgWVhKclpY UWdabSA5eU lIUm9aU0Jq IGIyMXdZVz U1TGkgQkpk SE1nY21WMi BaVzUxWlNC b1lYIE1nYz NSbFlXUnAg YkhrZ2FXNW pjbSBWaGMy VmtJRzkyIF pYSWdkR2hs SUggQmhjM1 FnWkdWaiBZ V1JsTENCaG JtIFFnZEdo bElHTnYgYl hCaGJua2dZ MiA5dWRHbH VkV1Z6IElI UnZJR1Y0Y0 cgRnVaQ0Jw ZEhNZyBaMn h2WW1Gc0lI IEJ5WlhObG JtTmwgSUdG dVpDQndjbS A5a2RXTjBJ SEJ2IGNuUm 1iMnhwYnkg ND0KICAgIC AgICA8L3Nw YW4+CiAgIC AgICAgCiAg ICAgICAg