Transurban

Live  

Transurban is an Australian-based toll road owner and operator that was founded in 1996. The company's core business is the development, operation and maintenance of toll roads in Australia and North America. Transurban's primary operations are in Victoria, New South Wales, and Queensland in Australia, as well as in the Greater Washington D.C. area in the United States.
The company was founded as a result of the privatization of toll roads in Australia in the mid-1990s, and it has since expanded its operations to other countries. Transurban is known for its focus on developing and using technology to better the travel experiences for its customers and reduce congestion on its roads.
Transurban's business model revolves around the use of electronic tolling systems, which enables drivers to pay tolls using electronic tags installed in their vehicles. The company also offers a variety of payment options, including smartphone apps and online accounts.
In addition to operating toll roads, Transurban also invests in other transport-related assets, such as bus and rail networks. The company is also involved in various community and sustainability initiatives, including wildlife crossings and carbon reduction projects.
As of 2021, Transurban manages and operates 14 toll roads across Australia and the United States, with a total network length of over 185km. The company is listed on the Australian Securities Exchange (ASX) and is a constituent of the ASX 100 index.

VHJhbnN1cm JhbiBpcyBh IGNvbXBhbn kgdGhhdCBi dWlsZHMgYW 5kIG1hbmFn ZXMgdG9sbC Byb2Fkcywg d2hpY2ggYX JlIHNwZWNp YWwgcm9hZH Mgd2hlcmUg ZHJpdmVycy BoYXZlIHRv IHBheSBhIG ZlZSwgY2Fs bGVkIGEgdG 9sbCwgdG8g dXNlIHRoZW 0uIEltYWdp bmUgeW91IH dhbnQgdG8g ZHJpdmUgdG 8gYSBjb29s IGFtdXNlbW VudCBwYXJr IGJ1dCB5b3 UgaGF2ZSB0 byBwYXkgYS BsaXR0bGUg bW9uZXkgdG 8gdGFrZSB0 aGUgZmFzdG VzdCByb2Fk IHRoZXJlLi BUaGF04oCZ cyB3aGF0IF RyYW5zdXJi YW4gZG9lcy E8YnI+SGVy ZeKAmXMgaG 93IHRoZXkg bWFrZSBtb2 5leTogV2hl bmV2ZXIgZH JpdmVycyB1 c2UgdGhlaX IgdG9sbCBy b2FkcywgdG hleSBwYXkg ZmVlcy4gVH JhbnN1cmJh biBjb2xsZW N0cyB0aGlz IG1vbmV5IG FuZCB0aGF0 4oCZcyBob3 cgdGhleSBl YXJuIHRoZW lyIGluY29t ZS4gVGhlIG 1vcmUgY2Fy cyB0aGF0IH RyYXZlbCBv biB0aGVpci Byb2Fkcywg dGhlIG1vcm UgbW9uZXkg dGhleSBtYW tlLiBUaGV5 IGFsc28gbW FuYWdlIHRo ZXNlIHJvYW RzLCBtYWtp bmcgc3VyZS B0aGV5IGFy ZSBpbiBnb2 9kIHNoYXBl IGFuZCBzb2 1ldGltZXMg YWRkaW5nIG 5ldyBsYW5l cyBvciBpbX Byb3ZlbWVu dHMgdG8gbW FrZSBkcml2 aW5nIGV2ZW 4gYmV0dGVy Ljxicj5Ucm Fuc3VyYmFu IGlzIHN1Y2 Nlc3NmdWwg Zm9yIGEgZm V3IHJlYXNv bnMuIEZpcn N0LCB0aGV5 IGJ1aWxkIH JvYWRzIHdo ZXJlIGEgbG 90IG9mIHBl b3BsZSBuZW VkIHRvIHRy YXZlbCwgc2 8gbWFueSBj YXJzIHVzZS B0aGVtLiBT ZWNvbmQsIH RoZXkgZG8g YSBncmVhdC Bqb2Igb2Yg a2VlcGluZy B0aGUgcm9h ZHMgaW4gZ2 9vZCBjb25k aXRpb24gYW 5kIG1ha2lu ZyB0aGVtIG VmZmljaWVu dCwgd2hpY2 ggbWVhbnMg ZHJpdmVycy BzcGVuZCBs ZXNzIHRpbW Ugc3R1Y2sg aW4gdHJhZm ZpYy4gTGFz dGx5LCBsb3 RzIG9mIGNp dGllcyBrZW VwIGdyb3dp bmcsIHNvIG 1vcmUgcGVv cGxlIHdpbG wga2VlcCB1 c2luZyB0aG Ugcm9hZHMg aW4gdGhlIG Z1dHVyZS48 YnI+SW4gdG hlIGZ1dHVy ZSwgVHJhbn N1cmJhbiBp cyBsaWtlbH kgdG8gcmVt YWluIHN1Y2 Nlc3NmdWwg YmVjYXVzZS Btb3JlIHBl b3BsZSB3aW xsIGtlZXAg bW92aW5nIH RvIGNpdGll cywgYW5kIH RoZXkgd2ls bCBuZWVkIG Zhc3QgYW5k IGVmZmljaW VudCByb2Fk cyB0byBnZX QgYXJvdW5k LiBQbHVzLC B3aGVuIHRo ZSBjb21wYW 55IGNvbnRp bnVlcyB0by BpbXByb3Zl IHRoZWlyIH RvbGwgcm9h ZHMgYW5kIG FkZCBuZXcg b25lcywgZX ZlbiBtb3Jl IGRyaXZlcn Mgd2lsbCBj aG9vc2UgdG 8gdXNlIHRo ZW0uIFRoYX Qgd2F5LCBU cmFuc3VyYm FuIGNhbiBr ZWVwIG1ha2 luZyBtb25l eSBhbmQgaG VscCBwZW9w bGUgZ2V0IH doZXJlIHRo ZXkgd2FudC B0byBnbyBm YXN0ZXIhPG JyPg==

MS4gR2xvYm FsIFByZXNl bmNlOiBUcm Fuc3VyYmFu IGlzIGFuIE F1c3RyYWxp YW4tYmFzZW QgY29tcGFu eSB3aXRoIG 9wZXJhdGlv bnMgaW4gbX VsdGlwbGUg Y291bnRyaW VzLCBpbmNs dWRpbmcgQX VzdHJhbGlh LCBOb3J0aC BBbWVyaWNh LCBhbmQgRX Vyb3BlLiBU aGlzIGdsb2 JhbCBwcmVz ZW5jZSBtYW tlcyBpdCBv bmUgb2YgdG hlIGxhcmdl c3QgdG9sbC Byb2FkIG9w ZXJhdG9ycy BpbiB0aGUg d29ybGQuPG JyPjIuIFN0 cm9uZyBQb3 J0Zm9saW8g b2YgQXNzZX RzOiBUcmFu c3VyYmFuIG hhcyBhIGRp dmVyc2UgcG 9ydGZvbGlv IG9mIGFzc2 V0cywgaW5j bHVkaW5nIG 1ham9yIHVy YmFuIHRvbG wgcm9hZHMs IGJyaWRnZX MsIGFuZCB0 dW5uZWxzLi BUaGVzZSBh c3NldHMgZ2 VuZXJhdGUg c2lnbmlmaW NhbnQgcmV2 ZW51ZSBhbm QgaGF2ZSBh IGhpZ2ggcG 90ZW50aWFs IGZvciBmdX R1cmUgZ3Jv d3RoLjxicj 4zLiBGb2N1 cyBvbiBUZW Nobm9sb2d5 IGFuZCBJbm 5vdmF0aW9u OiBUcmFuc3 VyYmFuIGlz IGEgbGVhZG VyIGluIHRo ZSBhZG9wdG lvbiBhbmQg aW1wbGVtZW 50YXRpb24g b2YgZW1lcm dpbmcgdGVj aG5vbG9naW VzIGluIHRo ZSB0b2xsIH JvYWQgaW5k dXN0cnkuIF RoaXMgaW5j bHVkZXMgaW 5ub3ZhdGlv bnMgc3VjaC BhcyBlbGVj dHJvbmljIH RvbGxpbmcg YW5kIHZhcm lhYmxlIHBy aWNpbmcgc3 lzdGVtcywg d2hpY2ggaG VscCBpbXBy b3ZlIHRyYW ZmaWMgZmxv dyBhbmQgcm VkdWNlIGNv bmdlc3Rpb2 4uPGJyPjQu IFNvY2lhbC BhbmQgRW52 aXJvbm1lbn RhbCBSZXNw b25zaWJpbG l0eTogVGhl IGNvbXBhbn kgaXMgY29t bWl0dGVkIH RvIHN1c3Rh aW5hYmxlIH ByYWN0aWNl cyBhbmQgaG FzIGltcGxl bWVudGVkIH NldmVyYWwg aW5pdGlhdG l2ZXMgdG8g bWluaW1pem UgaXRzIGVu dmlyb25tZW 50YWwgaW1w YWN0LiBJdC BpcyBhbHNv IGludm9sdm VkIGluIGNv bW11bml0eS BkZXZlbG9w bWVudCBwcm 9qZWN0cyBh bmQgaW5pdG lhdGl2ZXMg dG8gc3VwcG 9ydCBsb2Nh bCBlY29ub2 1pZXMuPGJy PjUuIFN0cm 9uZyBGaW5h bmNpYWwgUG VyZm9ybWFu Y2U6IFRyYW 5zdXJiYW4g aGFzIGEgc3 Ryb25nIGZp bmFuY2lhbC B0cmFjayBy ZWNvcmQsIH dpdGggY29u c2lzdGVudC ByZXZlbnVl IGFuZCBwcm 9maXQgZ3Jv d3RoLiBJdH MgdG9sbCBy b2FkcyBnZW 5lcmF0ZSBz dGVhZHkgYW 5kIHByZWRp Y3RhYmxlIG luY29tZSwg bWFraW5nIG l0IGEgc3Rh YmxlIGludm VzdG1lbnQg b3B0aW9uIG ZvciBzaGFy ZWhvbGRlcn MuPGJyPjYu IFN0cmF0ZW dpYyBQYXJ0 bmVyc2hpcH M6IFRoZSBj b21wYW55IG hhcyBlc3Rh Ymxpc2hlZC BzdHJhdGVn aWMgcGFydG 5lcnNoaXBz IHdpdGggZ2 92ZXJubWVu dHMsIGxvY2 FsIGF1dGhv cml0aWVzLC BhbmQgb3Ro ZXIgc3Rha2 Vob2xkZXJz IHRvIGRldm Vsb3AgbmV3 IHByb2plY3 RzIGFuZCBp bXByb3ZlIG V4aXN0aW5n IGluZnJhc3 RydWN0dXJl LiBUaGVzZS BwYXJ0bmVy c2hpcHMgaG VscCB0aGUg Y29tcGFueS BzZWN1cmUg bG9uZy10ZX JtIGNvbnRy YWN0cyBhbm QgZW5oYW5j ZSBpdHMgcm VwdXRhdGlv bi48YnI+Ny 4gRm9jdXMg b24gQ3VzdG 9tZXIgRXhw ZXJpZW5jZT ogVHJhbnN1 cmJhbiBpcy Bjb21taXR0 ZWQgdG8gcH JvdmlkaW5n IGEgc2VhbW xlc3MgYW5k IGNvbnZlbm llbnQgdHJh dmVsIGV4cG VyaWVuY2Ug Zm9yIGl0cy BjdXN0b21l cnMuIEl0IG hhcyBpbXBs ZW1lbnRlZC B2YXJpb3Vz IGluaXRpYX RpdmVzIHN1 Y2ggYXMgZG lnaXRhbCB0 b29scyBhbm QgY3VzdG9t ZXIgc2Vydm ljZSBjZW50 ZXJzIHRvIG VuaGFuY2Ug dGhlIG92ZX JhbGwgZXhw ZXJpZW5jZS 48YnI+OC4g Q29tbWl0bW VudCB0byBT YWZldHk6IF NhZmV0eSBp cyBhIHRvcC Bwcmlvcml0 eSBmb3IgVH JhbnN1cmJh biwgYW5kIH RoZSBjb21w YW55IGhhcy BpbXBsZW1l bnRlZCB2YX Jpb3VzIG1l YXN1cmVzIH RvIGVuc3Vy ZSB0aGUgc2 FmZXR5IG9m IGl0cyBjdX N0b21lcnMs IGVtcGxveW VlcywgYW5k IHRoZSBjb2 1tdW5pdHku IFRoaXMgaW 5jbHVkZXMg cmVndWxhci BtYWludGVu YW5jZSBvZi BpdHMgYXNz ZXRzLCBtb2 5pdG9yaW5n IHRyYWZmaW MgcGF0dGVy bnMsIGFuZC Bjb2xsYWJv cmF0aW5nIH dpdGggbG9j YWwgYXV0aG 9yaXRpZXMg dG8gaW1wcm 92ZSByb2Fk IHNhZmV0eS 48YnI+OS4g U3Ryb25nIE NvcnBvcmF0 ZSBHb3Zlcm 5hbmNlOiBU cmFuc3VyYm FuIGhhcyBh IHdlbGwtZG VmaW5lZCBj b3Jwb3JhdG UgZ292ZXJu YW5jZSBmcm FtZXdvcmsg YW5kIGEgc3 Ryb25nIGNv bW1pdG1lbn QgdG8gZXRo aWNhbCBidX NpbmVzcyBw cmFjdGljZX MuIFRoaXMg aW5jbHVkZX MgdHJhbnNw YXJlbnQgcm Vwb3J0aW5n LCByaXNrIG 1hbmFnZW1l bnQsIGFuZC BldGhpY2Fs IGNvbmR1Y3 QgZ3VpZGVs aW5lcyBmb3 IgZW1wbG95 ZWVzIGFuZC Bjb250cmFj dG9ycy48Yn I+MTAuIFN0 cm9uZyBMZW FkZXJzaGlw OiBUcmFuc3 VyYmFuIGlz IGxlZCBieS BhIHRlYW0g b2YgZXhwZX JpZW5jZWQg cHJvZmVzc2 lvbmFscyB3 aXRoIGEgZG l2ZXJzZSBi YWNrZ3JvdW 5kIGFuZCBl eHBlcnRpc2 UgaW4gdGhl IHRvbGwgcm 9hZCBpbmR1 c3RyeS4gVG hlIGNvbXBh bnkncyBsZW FkZXJzaGlw IGlzIGZvY3 VzZWQgb24g ZGVsaXZlcm luZyBzdXN0 YWluYWJsZS Bncm93dGgg YW5kIGNyZW F0aW5nIGxv bmctdGVybS B2YWx1ZSBm b3IgaXRzIH N0YWtlaG9s ZGVycy4=

VHJhbnN1cm JhbiBpcyBh IG11bHRpbm F0aW9uYWwg Y29tcGFueS B0aGF0IG9w ZXJhdGVzIH RvbGwgcm9h ZHMgYW5kIG 1hbmFnZXMg dHJhbnNwb3 J0YXRpb24g aW5mcmFzdH J1Y3R1cmUg aW4gQXVzdH JhbGlhIGFu ZCB0aGUgVW 5pdGVkIFN0 YXRlcy4gSX RzIGJ1c2lu ZXNzIG1vZG VsIGlzIGNl bnRlcmVkIG Fyb3VuZCBj cmVhdGluZy BhbmQgbWFu YWdpbmcgbW Fqb3IgdHJh bnNwb3J0IG 5ldHdvcmtz IHRvIGltcH JvdmUgZWZm aWNpZW5jeS BhbmQgY29u bmVjdGl2aX R5IGluIHVy YmFuIGFyZW FzLiA8YnI+ VGhlIGNvbX BhbnkgZ2Vu ZXJhdGVzIH JldmVudWUg cHJpbWFyaW x5IHRocm91 Z2ggdG9sbH MgY29sbGVj dGVkIGZyb2 0gbW90b3Jp c3RzIHVzaW 5nIHRoZWly IHJvYWRzLi BUaGV5IGFs c28gb2ZmZX IgYSB2YXJp ZXR5IG9mIH NlcnZpY2Vz IGFuZCBwcm 9kdWN0cyB0 byBjdXN0b2 1lcnMsIGlu Y2x1ZGluZy B0b2xsaW5n IHNvbHV0aW 9ucyBmb3Ig Y29tbWVyY2 lhbCBmbGVl dHMsIGUtcG FzcyBhbmQg bW9iaWxlIH BheW1lbnQg b3B0aW9ucy Bmb3IgZHJp dmVycywgYW 5kIGN1c3Rv bWVyIGxveW FsdHkgcHJv Z3JhbXMuPG JyPkFkZGl0 aW9uYWxseS wgVHJhbnN1 cmJhbiBnZW 5lcmF0ZXMg aW5jb21lIH Rocm91Z2gg dmFyaW91cy B2ZW50dXJl cyBhbmQgcG FydG5lcnNo aXBzLCBzdW NoIGFzIGxl YXNpbmcgZX hjZXNzIGxh bmQgYWxvbm cgdGhlaXIg dG9sbCByb2 FkcyBmb3Ig Y29tbWVyY2 lhbCBvciBy ZXNpZGVudG lhbCBkZXZl bG9wbWVudC wgb3BlcmF0 aW5nIHB1Ym xpYyB0cmFu c3BvcnQgc2 VydmljZXMs IGFuZCBpbn Zlc3Rpbmcg aW4gbmV3IH JvYWQgaW5m cmFzdHJ1Y3 R1cmUgcHJv amVjdHMuPG JyPlRoZSBj b21wYW55IH JlbGllcyBv biBhIGRhdG EtZHJpdmVu IGFwcHJvYW NoIHRvIG9w dGltaXplIH RyYWZmaWMg ZmxvdyBhbm QgaW1wcm92 ZSB0aGUgdX NlciBleHBl cmllbmNlIG ZvciBkcml2 ZXJzLiBUaG V5IHVzZSBh ZHZhbmNlZC B0ZWNobm9s b2d5IGFuZC ByZWFsLXRp bWUgdHJhZm ZpYyBkYXRh IHRvIG1hbm FnZSBjb25n ZXN0aW9uIG FuZCByZWR1 Y2UgdHJhdm VsIHRpbWUg Zm9yIGN1c3 RvbWVycy4g PGJyPk92ZX JhbGwsIFRy YW5zdXJiYW 4ncyBidXNp bmVzcyBtb2 RlbCBpcyBj ZW50ZXJlZC Bhcm91bmQg Y3JlYXRpbm cgc3VzdGFp bmFibGUgYW 5kIGVmZmlj aWVudCB0cm Fuc3BvcnQg c29sdXRpb2 5zIGluIHVy YmFuIGFyZW FzIHdoaWxl IGFsc28gZ2 VuZXJhdGlu ZyBwcm9maX QgdGhyb3Vn aCB2YXJpb3 VzIHJldmVu dWUgc3RyZW Ftcy4=

AI has the potential to impact Transurban’s products, services, and competitive positioning in several ways, but whether it poses a material threat depends on various factors.
1. Substitution: AI can lead to alternative solutions for transportation and mobility. For example, advances in autonomous vehicles could change the way people use toll roads, potentially reducing traffic volumes and revenue. If users shift toward AI-driven ride-sharing platforms or other mobility services, this could pose a substitution threat to traditional toll road models.
2. Disintermediation: AI-powered platforms could streamline urban mobility, potentially bypassing traditional toll systems. For instance, if cities implement AI-based traffic management systems that integrate alternative transportation methods, this could reduce the reliance on Transurban’s services or enable competitors to offer direct alternatives without tolling.
3. Margin Pressure: AI can enhance operational efficiency, reduce costs, and optimize traffic flow, benefiting transport companies. If competitors leverage AI more effectively, they might provide similar or better services at lower costs, putting pressure on Transurban’s margins. Additionally, if tolling mechanisms turn more dynamic and personalized through AI, it could lead to price competition that might not favor established toll operators.
Overall, while AI presents opportunities for improved efficiencies and better customer experiences, it also poses risks of disruption through substitution, disintermediation, and margin pressure. Monitoring advancements in AI and adapting business strategies accordingly will be crucial for Transurban to mitigate these risks effectively.

Transurban’s earnings, cash flow, and valuation are significantly influenced by changes in interest rates due to its business model and capital structure.
1. Earnings Sensitivity: Transurban operates a network of toll roads, which are often financed through long-term debt. When interest rates rise, the cost of borrowing increases, leading to higher interest expenses. This impact can reduce net earnings, particularly if toll revenue growth does not keep pace with rising expenses. Conversely, if interest rates decline, the company’s interest expenses may decrease, positively affecting earnings.
2. Cash Flow Sensitivity: Cash flow for Transurban is primarily derived from toll revenue collected from road users. While this cash flow might be relatively stable, interest rate changes can affect cash flow through changes in financing costs. Higher interest rates can lead to decreased free cash flow due to increased debt servicing costs. If rates rise significantly, it could constrain the company’s ability to fund capital expenditures or return capital to shareholders.
3. Valuation Sensitivity: The valuation of Transurban is often determined through discounted cash flow (DCF) analysis, where cash flows are discounted back to their present value using a discount rate that typically includes the cost of debt and equity. As interest rates increase, the discount rate used in DCF models generally rises, leading to a decrease in the present value of future cash flows and, consequently, the overall valuation of the company. Conversely, lower interest rates can enhance valuation as the present value of future cash flows increases.
In conclusion, changes in interest rates can have a pronounced effect on Transurban’s earnings, cash flow, and valuation, primarily through the mechanics of debt financing and discounting cash flows in valuation models. The company’s financial resilience and risk management strategies will play a crucial role in mitigating these impacts.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgVH JhbnN1cmJh buKAmXMgZW Nvbm9taWNz IG92ZXIgdG hlIG5leHQg M+KAkzUgeW VhcnMgaXMg YW4gZXh0ZW 5kZWQgc2hp ZnQgaW4gdH JhbnNwb3J0 YXRpb24gcG F0dGVybnMg ZHVlIHRvIH RoZSB3aWRl c3ByZWFkIG Fkb3B0aW9u IG9mIHJlbW 90ZSB3b3Jr IGFuZCBhbH Rlcm5hdGl2 ZSB0cmFuc3 BvcnRhdGlv biBtb2Rlcy 4gSWYgYSBz aWduaWZpY2 FudCBwb3J0 aW9uIG9mIH RoZSB3b3Jr Zm9yY2UgY2 9udGludWVz IHRvIHdvcm sgcmVtb3Rl bHksIGVzcG VjaWFsbHkg aW4gdXJiYW 4gYXJlYXMg d2hlcmUgVH JhbnN1cmJh biBvcGVyYX RlcyB0b2xs IHJvYWRzLC B0aGVyZSBj b3VsZCBiZS ByZWR1Y2Vk IGRlbWFuZC Bmb3IgY29t bXV0ZXIgdH JhZmZpYy4g QWRkaXRpb2 5hbGx5LCBp ZiBjaXRpZX MgaW52ZXN0 IGhlYXZpbH kgaW4gcHVi bGljIHRyYW 5zcG9ydGF0 aW9uIGFuZC BjeWNsaW5n IGluZnJhc3 RydWN0dXJl LCB0aGlzIG NvdWxkIGZ1 cnRoZXIgZG ltaW5pc2gg Y2FyIHVzYW dlLjxicj5J biB0aGlzIH NjZW5hcmlv LCBUcmFuc3 VyYmFu4oCZ cyB0b2xsIH JldmVudWVz IHdvdWxkIG xpa2VseSBl eHBlcmllbm NlIGEgc3Vi c3RhbnRpYW wgZGVjbGlu ZSwgc2V2ZX JlbHkgaW1w YWN0aW5nIH RoZSBjb21w YW554oCZcy BtYXJnaW5z LiBXaXRoIG xvd2VyIHRy YWZmaWMgdm 9sdW1lcywg dGhlIGNvbX Bhbnkgd291 bGQgc3RydW dnbGUgdG8g bWFpbnRhaW 4gaXRzIGV4 aXN0aW5nIH ByaWNpbmcg c3RydWN0dX JlLCBsZWFk aW5nIHRvIH Bvc3NpYmxl IGZhcmUgcm VkdWN0aW9u cyBvciBwcm 9tb3Rpb25z IHRvIGx1cm UgYmFjayBj b21tdXRlcn MuIEFzIHJl dmVudWUgc3 RyZWFtcyBz aHJpbmssIG 9wZXJhdGlv bmFsIGNvc3 RzLCB3aGlj aCBhcmUgcm VsYXRpdmVs eSBmaXhlZC BpbiBuYXR1 cmUsIHdvdW xkIGVhdCBp bnRvIG1hcm dpbnMsIGxl YWRpbmcgdG 8gbG93ZXIg b3ZlcmFsbC Bwcm9maXRh YmlsaXR5Lj xicj5DYXNo IGZsb3cgd2 91bGQgYmUg bmVnYXRpdm VseSBpbXBh Y3RlZCBhcy B3ZWxsLCB3 aXRoIGRlY3 JlYXNlZCB0 b2xsIHJldm VudWVzIGxl YWRpbmcgdG 8gbG93ZXIg bmV0IGluY2 9tZS4gVHJh bnN1cmJhbi BtaWdodCBm YWNlIGNoYW xsZW5nZXMg aW4gbWVldG luZyBpdHMg Y2FzaCBmbG 93IHRhcmdl dHMsIHBvdG VudGlhbGx5 IHJlc3VsdG luZyBpbiBh IHJlLWV2YW x1YXRpb24g b2YgZGl2aW RlbmRzIG9y IGNhcGl0YW wgZXhwZW5k aXR1cmUgcG xhbnMuIElm IHRoZSByZW R1Y2VkIGNh c2ggZmxvdy BwZXJzaXN0 cywgdGhlIG NvbXBhbnkg bWlnaHQgbm VlZCB0byBy ZWx5IG1vcm UgaGVhdmls eSBvbiBkZW J0IHRvIGZp bmFuY2Ugb3 BlcmF0aW9u cywgd2hpY2 ggY291bGQg bGVhZCB0by BpbmNyZWFz ZWQgbGV2ZX JhZ2UgYW5k IGhpZ2hlci BpbnRlcmVz dCBleHBlbn NlcyBtb3Zp bmcgZm9yd2 FyZC48YnI+ UmVnYXJkaW 5nIHRoZSBi YWxhbmNlIH NoZWV0LCBp ZiB0aGlzIH NjZW5hcmlv IHBsYXlzIG 91dCwgaXQg Y291bGQgYm Vjb21lIHN0 cmFpbmVkLi BBIHJlZHVj dGlvbiBpbi ByZXZlbnVl IGFuZCBjYX NoIGZsb3cg Y291bGQgbG VhZCB0byBy ZWR1Y2VkIH JldGFpbmVk IGVhcm5pbm dzLCBhZmZl Y3RpbmcgZX F1aXR5LiBJ ZiBUcmFuc3 VyYmFuIHRh a2VzIG9uIG FkZGl0aW9u YWwgZGVidC B0byBtYW5h Z2UgY2FzaC BmbG93IGlz c3VlcywgbG V2ZXJhZ2Ug cmF0aW9zIH dvdWxkIGlu Y3JlYXNlLC Bwb3RlbnRp YWxseSBpbX BhY3Rpbmcg dGhlIGNvbX BhbnnigJlz IGNyZWRpdC ByYXRpbmcg YW5kIGJvcn Jvd2luZyBj b3N0cy4gVG hpcyBoaWdo ZXIgZGVidC Bsb2FkIGNv dWxkIGhpbm RlciBmbGV4 aWJpbGl0eS BpbiBmdXR1 cmUgaW52ZX N0bWVudCBv cHBvcnR1bm l0aWVzIG9y IGZsZWV0IG 1vZGVybml6 YXRpb24gaW 5pdGlhdGl2 ZXMgY3JpdG ljYWwgdG8g bG9uZy10ZX JtIGdyb3d0 aC48YnI+SW 4gZXNzZW5j ZSwgc3VjaC BhIHNjZW5h cmlvIGNvdW xkIGNyZWF0 ZSBhIHZpY2 lvdXMgY3lj bGU6IHJlZH VjZWQgZGVt YW5kIGxlYW RzIHRvIGxv d2VyIHJldm VudWVzLCB3 aGljaCBwcm Vzc3VyZSBj YXNoIGZsb3 dzIGFuZCBt YXJnaW5zLC B1bHRpbWF0 ZWx5IGZvcm NpbmcgVHJh bnN1cmJhbi BpbnRvIGEg bW9yZSBwcm VjYXJpb3Vz IGZpbmFuY2 lhbCBwb3Np dGlvbi48Yn I+

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 bG9nb3MvNm NYbHdRbWVM MUZCeXE3OU ZmSGYud2Vi cCIgYWx0PS JUcmFuc3Vy YmFuIiB0aX RsZT0iVHJh bnN1cmJhbi IgIGNsYXNz PSJpbWctZm x1aWQiIGhl aWdodD01MC B3aWR0aD01 MCBsb2FkaW 5nPSdsYXp5 JyBzdHlsZT 0nYm9yZGVy LXJhZGl1cz ogNnB4Oyc+ CgogICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J2ZsZX g6IDE7IHRl eHQtYWxpZ2 46IGNlbnRl cjsgbWFyZ2 luLWxlZnQ6 IDVweDsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8cCBzdH lsZT0nZm9u dC1zaXplOi AyNnB4OyBj b2xvcjogIz MzMzsgbWFy Z2luLWJvdH RvbTogMTVw eDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+TiC BXYW50IHRv IHJlYWQgbW 9yZSBhYm91 dCBUcmFuc3 VyYmFuPwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg8J +TliBHZXQg aW5zaWdodH MgZnJvbSA8 aT4iVGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrcyI8L2 k+IG5vdyEK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9wPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog ICAgICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdtYX JnaW4tdG9w OiAxMnB4Oy Bmb250LXNp emU6IDEzcH g7IGNvbG9y OiAjNDQ0Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IG5vdyBhbm QgZ2V0IG91 ciBmcmVlIG VCb29rIAog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPGI+ VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr czwvYj4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IC0tPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 IS0tCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J21hcmdp bi10b3A6ID E2cHg7IGZv bnQtc2l6ZT ogMTRweDsg Y29sb3I6IC M0NDQ7IGZv bnQtZmFtaW x5OiAtYXBw bGUtc3lzdG VtLCBCbGlu a01hY1N5c3 RlbUZvbnQs IFNlZ29lIF VJLCBSb2Jv dG8sIEhlbH ZldGljYSBO ZXVlLCBzYW 5zLXNlcmlm OyBsaW5lLW hlaWdodDog MS42Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBIYX ZlIHlvdSBo ZWFyZCBhYm 91dCBvdXIg c2hvcnQgPH N0cm9uZyBz dHlsZT0nZm 9udC13ZWln aHQ6IDYwMD snPkRhaWx5 IFZpZGVvIE 5ld3NsZXR0 ZXI8L3N0cm 9uZz4/CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdodH RwczovL3d3 dy5pbnNpZ2 h0ZnVsdmFs dWUuY29tL2 5ld3NsZXR0 ZXIucGhwJy B0YXJnZXQ9 J19ibGFuay cgc3R5bGU9 J2NvbG9yOi AjMDA3QkZG OyB0ZXh0LW RlY29yYXRp b246IG5vbm U7IGZvbnQt d2VpZ2h0Oi A1MDA7IG1h cmdpbi1sZW Z0OiA2cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBGaW 5kIG91dCBt b3JlCiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8L2E+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgICAgICAg ICAtLT4KIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgCiAg ICAgICAgCi AgICAgICAg PHNwYW4gY2 xhc3M9J2Js dXJyZWQtdG V4dCc+CiAg ICAgICAgIC AgIE1TNGdW SEpoYm4gTj FjbUpoYmlC cCBjeUJoYm lCQmRYIE4w Y21Gc2FXRn UgSUhSdmJH d2djbSA5aF pDQmpiMjF3 IFlXNTVJSF JvWVggUWdi M0JsY21GMC BaWE1nYVc0 Z1ltIDkwYU NCQmRYTjAg Y21Gc2FXRW dZVyA1a0lI Um9aU0JWIG JtbDBaV1Fn VTMgUmhkR1 Z6TGp4aSBj ajR5TGlCVW FHIFVnWTI5 dGNHRnUgZV NCM1lYTWda bSA5MWJtUm xaQ0JwIGJp QXhPVGsySU cgRnVaQ0Jw ZEhNZyBhR1 ZoWkhGMVlY IEowWlhKek lHRnkgWlNC c2IyTmhkRy BWa0lHbHVJ RTFsIGJHSn ZkWEp1WlMg d2dRWFZ6ZE hKaCBiR2xo TGp4aWNqID R6TGlCVWNt RnUgYzNWeV ltRnU0byBD WmN5QnRZV2 x1IElHSjFj Mmx1WlggTn pJR2x6SUhS byBaU0JrWl habGJHIDl3 YldWdWRDd2 cgYjNCbGNt RjBhVyA5dU xDQmhibVFn IGJXRnBibl JsYm0gRnVZ MlVnYjJZZy BkRzlzYkNC eWIyIEZrY3 l3Z2RIVnUg Ym1Wc2N5d2 dZVyA1a0lH SnlhV1JuIF pYTXVQR0p5 UGogUXVJRl JvWlNCaiBi MjF3WVc1NU lHIGhoY3lC aElHUnAgZG 1WeWMyVWdj RyA5eWRHWn ZiR2x2IElH OW1JSEp2WV cgUnpJSFJv WVhRZyBhVz VqYkhWa1pY IE1nTVRrZ1 pHbG0gWm1W eVpXNTBJRy BGemMyVjBj eUJoIFkzSn ZjM01nUVgg VnpkSEpoYk dsaCBJR0Z1 WkNCMGFHIF VnVlc1cGRH VmsgSUZOMF lYUmxjeSA0 OFluSStOUz RnIFNXNGdR WFZ6ZEggSm hiR2xoTENC VSBjbUZ1Yz NWeVltIEZ1 SUc5d1pYSm ggZEdWeklH MWhhbSA5eU lIUnZiR3dn IGNtOWhaSE 1nYzMgVmph Q0JoY3lCMC BhR1VnVFRJ c0lFIDAxTE NCaGJtUWcg VFRjZ2FXNG dVMyBsa2Jt VjVMQ0JEIG FYUjVUR2x1 YXkgQnBiaU JOWld4aSBi M1Z5Ym1Vc0 lHIEZ1WkNC MGFHVWcgVF RFZ2FXNGdV WCBWbFpXNX piR0Z1IFpD NDhZbkkrTm kgNGdTVzRn ZEdobCBJRl Z1YVhSbFpD IEJUZEdGMF pYTXMgSUhS b1pTQmpiMi Axd1lXNTVJ Rzl3IFpYSm hkR1Z6SUgg TmxkbVZ5WV d3ZyBkRzlz YkNCeWIyIE ZrY3lCcGJp QjAgYUdVZ2 MzUmhkRyBV Z2IyWWdWbW x5IFoybHVh V0VzSUcgbH VZMngxWkds dSBaeUIwYU dVZ05EIGsx SUdGdVpDQT UgTlNCRmVI QnlaWCBOek lFeGhibVZ6 IExqeGljaj QzTGkgQlVj bUZ1YzNWeS BZbUZ1SUdo aGN5IEJoSU cxaGNtdGwg ZENCallYQn BkRyBGc2FY cGhkR2x2IG JpQnZaaUJ2 ZG0gVnlJQ1 F6TXlCaSBh V3hzYVc5dU lHIEZ6SUc5 bUlESXcgTW pFc0lHMWhh MiBsdVp5Qn BkQ0J2IGJt VWdiMllnZE cgaGxJR3ho Y21kbCBjM1 FnZEc5c2JD IEJ5YjJGa0 lHOXcgWlhK aGRHOXljeS BCcGJpQjBh R1VnIGQyOX liR1F1UEcg SnlQamd1SU ZSbyBaU0Jq YjIxd1lXID U1SUdseklH dHUgYjNkdU lHWnZjaSBC cGRITWdkWE 5sIElHOW1J SFJsWTIgaH ViMnh2WjNr ZyBZVzVrSU dsdWJtIDky WVhScGIyNG cgZEc4Z2FX MXdjbSA5Ml pTQjBhR1Vn IFpXWm1hV0 5wWlcgNWpl U0JoYm1RZy BjMkZtWlhS NUlHIDltSU dsMGN5QjAg YjJ4c0lISn ZZVyBSekxp QlVhR2x6IE lHbHVZMngx WkcgVnpJR1 ZzWldOMCBj bTl1YVdNZ2 RHIDlzYkds dVp5QnogZV hOMFpXMXpM QyBCeVpXRn NMWFJwIGJX VWdkSEpoWm 0gWnBZeUJ0 WVc1aCBaMl Z0Wlc1MExD IEJoYm1RZ2 RHaGwgSUhW elpTQnZaaS BCemJXRnlk Q0JwIGJtWn lZWE4wY24g VmpkSFZ5Wl M0OCBZbkkr T1M0Z1NXID RnTWpBeE9T d2cgVkhKaG JuTjFjbSBK aGJpQnNZWF Z1IFkyaGxa Q0JwZEggTW dabWx5YzNR dCBaWFpsY2 lCemRYIE4w WVdsdVlXSn AgYkdsMGVT QnpkSCBKaG RHVm5lU3dn IFptOWpkWE 5wYm0gY2di MjRnY21Way BkV05wYm1j Z1pXIDFwYz NOcGIyNXog TENCcGJtTn laVyBGemFX NW5JSEpsIG JtVjNZV0pz WlMgQmxibV Z5WjNrZyBk WE5oWjJVc0 lHIEZ1WkNC d2NtOXQgYj NScGJtY2dj MyBWemRHRn BibUZpIGJH VWdkSEpoYm 4gTndiM0ow SUc5dyBkR2 x2Ym5NdVBH IEp5UGpFd0 xpQlUgY21G dWMzVnlZbS BGdUlHaGhj eUJ5IFpXTm xhWFpsWkMg QnpaWFpsY2 1GcyBJR0Yz WVhKa2N5IE JtYjNJZ2FY UnogSUdsdW JtOTJZWCBS cGIyNGdZVz VrIElHTnZi VzFwZEcgMW xiblFnZEc4 ZyBjM1Z6ZE dGcGJtIEZp YVd4cGRIa3 MgSUdsdVky eDFaRyBsdV p5QmlaV2x1 IFp5QnVZVz FsWkMgQjBh R1VnVFc5ei BkQ0JKYm01 dmRtIEYwYV habElFTnYg YlhCaGJua2 dhVyA0Z1FY VnpkSEpoIG JHbGhJR0Z1 WkMgQk9aWG NnV21WaCBi R0Z1WkNCaW VTIEIwYUdV Z1FYVnogZE hKaGJHbGhi aSBCR2FXNW hibU5wIFlX d2dVbVYyYV cgVjNJR2x1 SURJdyBNVG d1UEdKeVBq IEV4TGlCVW FHVWcgWTI5 dGNHRnVlUy BCb1lYTWda bUZqIFpXUW dZM0pwZEcg bGphWE50SU dGdSBaQ0J3 Y205MFpYIE 4wY3lCbWNt OXQgSUd4dl kyRnNJRyBO dmJXMTFibW wwIGFXVnpJ R1p2Y2kgQn BkSE1nZEc5 cyBiQ0J5Yj JGa0lIIEJ5 YjJwbFkzUn ogTENCM2FY Um9JRyBOdm JtTmxjbTV6 IElHRmliM1 YwSUggUm9a U0JwYlhCaC BZM1FnYjI0 Z2RHIGhsSU dWdWRtbHkg YjI1dFpXNT BMQyBCa2FY TndiR0ZqIF pXMWxiblFn YjIgWWdjbV Z6YVdSbCBi blJ6TENCaG JtIFFnZEdo bElHTnYgYz NRZ2IyWWdk WCBOcGJtY2 dkR2hsIElI SnZZV1J6TG ogeGljajR4 TWk0ZyBTVz RnWVdSa2FY IFJwYjI0Z2 RHOGcgZEc5 c2JDQnliMi BGa2N5d2dW SEpoIGJuTj FjbUpoYmkg QmhiSE52SU doaCBjeUJw Ym5SbGNtIF Z6ZEhNZ2FX NGcgYzJWMl pYSmhiQyBC dmRHaGxjaU IwIGNtRnVj M0J2Y24gUm hkR2x2YmlC dyBjbTlxWl dOMGN5IHdn YVc1amJIVm sgYVc1bklH RnBjbiBCdm NuUnpMQ0J6 IFpXRndiM0 owY3kgd2dZ VzVrSUhCMS BZbXhwWXlC MGNtIEZ1Yz JsMElITjUg YzNSbGJYTX VQRyBKeVBq RXpMaUJVIG NtRnVjM1Z5 WW0gRnVJR2 hoY3lCaCBJ SE4wY205dV p5IEJtYjJO MWN5QnYgYm lCamIzSndi MyBKaGRHVW djMjlqIGFX RnNJSEpsYz MgQnZibk5w WW1scyBhWF I1SUdGdVpD IEJvWVhNZ2 FXMXcgYkdW dFpXNTBaVy BRZ2RtRnlh VzkxIGN5Qn BibWwwYVcg RjBhWFpsY3 lCMCBieUJ6 ZFhCd2IzIE owSUhSb1pT QmogYjIxdG RXNXBkRyBs bGN5QnBkQ0 J2IGNHVnlZ WFJsY3kgQn BiaXdnYzNW aiBhQ0JoY3 lCa2IyIDVo ZEdsdVp5Qj AgYnlCc2Iy TmhiQyBCam FHRnlhWFJw IFpYTWdZVz VrSUggQnli M1pwWkdsdS BaeUJtZFc1 a2FXIDVuSU dadmNpQnMg YjJOaGJDQm xaSCBWallY UnBiMjRnIG NISnZaM0po YlggTXVQR0 p5UGpFMCBM aUJVYUdVZ1 kyIDl0Y0dG dWVTQm8gWV hNZ2IzWmxj aSBBeUxEQX dNQ0JsIGJY QnNiM2xsWl ggTWdZV055 YjNOeiBJR2 wwY3lCdmNH IFZ5WVhScG IyNXogSUds dUlFRjFjMy BSeVlXeHBZ U0JoIGJtUW dkR2hsSUYg VnVhWFJsWk NCVCBkR0Yw WlhNdVBHIE p5UGpFMUxp QlUgY21GdW MzVnlZbSBG dUlHbHpJR3 hwIGMzUmxa Q0J2YmkgQj BhR1VnUVhW eiBkSEpoYk dsaGJpIEJU WldOMWNtbD AgYVdWeklF VjRZMiBoaG JtZGxJQ2hC IFUxZ3BJR0 Z1WkMgQnBj eUJoSUdOdi Bibk4wYVhS MVpXIDUwSU c5bUlIUm8g WlNCVEpsQX ZRViBOWUlE VXdJR2x1IF pHVjRMZz09 CiAgICAgIC AgPC9zcGFu PgogICAgIC AgIAogICAg ICAgIA==