Michelin

Live  

Michelin is a French tire manufacturer that was founded in 1889 by brothers Édouard and André Michelin. The company is headquartered in Clermont-Ferrand, France and is one of the largest tire manufacturers in the world.
In addition to tires, Michelin also produces a variety of other products and services including travel guides, maps, and restaurant guides. The company has a global presence, with manufacturing plants and offices in over 170 countries.
Michelin is known for its high-quality tires and has a reputation for innovation and sustainability. The company has a strong commitment to research and development, and invests heavily in new technologies to improve its products and reduce their environmental impact.
Michelin is also involved in various philanthropic initiatives, including road safety programs and sustainability projects. The company has received numerous awards and recognitions for its environmental efforts and social responsibility.
Overall, Michelin is a well-respected company with a long history of providing quality products and services to customers around the world.

VGhlIE1pY2 hlbGluIGNv bXBhbnkgaX MgYmVzdCBr bm93biBmb3 IgbWFraW5n IHRpcmVzLC B3aGljaCBh cmUgdGhlIH JvdW5kIHJ1 YmJlciBwYX J0cyB0aGF0 IGdvIG9uIG NhcnMsIHRy dWNrcywgYW 5kIGV2ZW4g YWlycGxhbm VzIHRvIGhl bHAgdGhlbS Btb3ZlIHNh ZmVseSBvbi B0aGUgcm9h ZC4gUGljdH VyZSBhIGJp Y3ljbGUgdG lyZSBvciB0 aGUgdGlyZX Mgb24geW91 ciBmYW1pbH nigJlzIGNh cjsgdGhvc2 UgYXJlIHNp bWlsYXIgdG 8gd2hhdCBN aWNoZWxpbi BjcmVhdGVz LCBidXQgdG hleSBhbHNv IG1ha2UgYm lnZ2VyIHRp cmVzIGZvci BiaWdnZXIg dmVoaWNsZX MuPGJyPk1p Y2hlbGluIG 1ha2VzIG1v bmV5IG1haW 5seSBieSBz ZWxsaW5nIH RoZXNlIHRp cmVzLiBXaG VuIHBlb3Bs ZSBidXkgYS BjYXIsIHRo ZXkgbmVlZC B0aXJlcyBm b3IgaXQuIE FuZCBhcyBl dmVyeSB0aX JlIHdlYXJz IG91dCBvdm VyIHRpbWUs IHBlb3BsZS BuZWVkIHRv IGJ1eSBuZX cgb25lcy4g TWljaGVsaW 4gYWxzbyBt YWtlcyBtb2 5leSBieSBz ZWxsaW5nIH NwZWNpYWwg cHJvZHVjdH MgYW5kIHNl cnZpY2VzIH JlbGF0ZWQg dG8gdGlyZX MsIGxpa2Ug YSBoYW5keS BndWlkZSB0 aGF0IHRlbG xzIGRyaXZl cnMgd2hpY2 ggdGlyZXMg YXJlIGJlc3 QgZm9yIGRp ZmZlcmVudC B0eXBlcyBv ZiB3ZWF0aG VyIGFuZCBy b2Fkcy48Yn I+TWljaGVs aW4gaXMgc3 VjY2Vzc2Z1 bCBmb3IgYS BmZXcgcmVh c29ucy4gRm lyc3QsIHRo ZXkgaGF2ZS BiZWVuIGFy b3VuZCBmb3 IgYSBsb25n IHRpbWUsIG FuZCB0aGV5 IGFyZSBrbm 93biBmb3Ig bWFraW5nIG hpZ2gtcXVh bGl0eSB0aX JlcyB0aGF0 IGxhc3QgYS Bsb25nIHRp bWUgYW5kIG hlbHAga2Vl cCBkcml2ZX JzIHNhZmUu IFRoZXkgYW xzbyBpbm5v dmF0ZSwgd2 hpY2ggbWVh bnMgdGhleS BjcmVhdGUg bmV3IGtpbm RzIG9mIHRp cmVzIHdpdG ggYWR2YW5j ZWQgdGVjaG 5vbG9neSB0 aGF0IGNhbi BwZXJmb3Jt IGJldHRlci BvciB1c2Ug c3BlY2lhbC BtYXRlcmlh bHMgdG8gYm UgbW9yZSBl Y28tZnJpZW 5kbHkuIDxi cj5Mb29raW 5nIGludG8g dGhlIGZ1dH VyZSwgTWlj aGVsaW4gd2 lsbCBsaWtl bHkgY29udG ludWUgdG8g YmUgc3VjY2 Vzc2Z1bCBi ZWNhdXNlIG NhcnMgYXJl IG5vdCBnb2 luZyBhd2F5 IGFueXRpbW Ugc29vbiwg YW5kIHRoZX JlIHdpbGwg YWx3YXlzIG JlIGEgbmVl ZCBmb3IgZ2 9vZCB0aXJl cy4gUGx1cy wgdGhleSBh cmUgd29ya2 luZyBvbiBi ZWluZyBtb3 JlIGVudmly b25tZW50YW xseSBmcmll bmRseSwgd2 hpY2ggaXMg c29tZXRoaW 5nIG1hbnkg cGVvcGxlIG NhcmUgYWJv dXQgbm93Li BCeSBmb2N1 c2luZyBvbi BxdWFsaXR5 LCBzYWZldH ksIGFuZCB0 aGUgZW52aX Jvbm1lbnQs IE1pY2hlbG luIGNhbiBr ZWVwIHRoZW lyIGN1c3Rv bWVycyBoYX BweSBhbmQg a2VlcCBtYW tpbmcgbW9u ZXkgZm9yIG EgbG9uZyB0 aW1lLjxicj 4=

MS4gTG9uZy BoaXN0b3J5 IGFuZCByZX B1dGF0aW9u OiBUaGUgTW ljaGVsaW4g Y29tcGFueS B3YXMgZm91 bmRlZCBpbi AxODg5IGFu ZCBoYXMgYn VpbHQgYSBz dHJvbmcgcm VwdXRhdGlv biBmb3IgcX VhbGl0eSBh bmQgaW5ub3 ZhdGlvbiBp biB0aGUgdG lyZSBpbmR1 c3RyeS4gSX QgaXMgb25l IG9mIHRoZS BvbGRlc3Qg dGlyZSBtYW 51ZmFjdHVy ZXJzIGluIH RoZSB3b3Js ZCBhbmQgaG FzIGJlZW4g aW4gYnVzaW 5lc3MgZm9y IG92ZXIgMT MwIHllYXJz Ljxicj4yLi BHbG9iYWwg cHJlc2VuY2 UgYW5kIGlu Zmx1ZW5jZT ogTWljaGVs aW4gaXMgYS B0cnVseSBp bnRlcm5hdG lvbmFsIGNv bXBhbnksIH dpdGggb3Bl cmF0aW9ucy BpbiBtb3Jl IHRoYW4gMT cwIGNvdW50 cmllcyBhbm Qgb3ZlciA3 MDAgcHJvZH VjdGlvbiBm YWNpbGl0aW VzIGFyb3Vu ZCB0aGUgd2 9ybGQuIEl0 IGlzIGFsc2 8gdGhlIHNl Y29uZC1sYX JnZXN0IHRp cmUgbWFudW ZhY3R1cmVy IGluIHRoZS B3b3JsZCwg YmVoaW5kIG 9ubHkgQnJp ZGdlc3Rvbm UuPGJyPjMu IElubm92YX Rpb24gYW5k IHRlY2hub2 xvZ3k6IE1p Y2hlbGluIG hhcyBhIGxv bmcgaGlzdG 9yeSBvZiBw aW9uZWVyaW 5nIG5ldyB0 ZWNobm9sb2 dpZXMgYW5k IGlubm92YX Rpb25zIGlu IHRoZSB0aX JlIGluZHVz dHJ5LiBUaG lzIGluY2x1 ZGVzIHRoZS BpbnZlbnRp b24gb2YgdG hlIHJhZGlh bCB0aXJlLC B3aGljaCBy ZXZvbHV0aW 9uaXplZCB0 aGUgaW5kdX N0cnkgYW5k IGlzIHN0aW xsIHRoZSBz dGFuZGFyZC B0aXJlIGRl c2lnbiB1c2 VkIHRvZGF5 Ljxicj40Li BDb21taXRt ZW50IHRvIH N1c3RhaW5h YmlsaXR5Oi BNaWNoZWxp biBpcyBjb2 1taXR0ZWQg dG8gcmVkdW NpbmcgaXRz IGVudmlyb2 5tZW50YWwg aW1wYWN0IG FuZCBoYXMg aW1wbGVtZW 50ZWQgc2V2 ZXJhbCBpbm l0aWF0aXZl cyB0byBhY2 hpZXZlIHRo aXMuIFRoaX MgaW5jbHVk ZXMgY3JlYX RpbmcgbW9y ZSBzdXN0YW luYWJsZSBw cm9kdWN0cy wgcmVkdWNp bmcgd2FzdG UgYW5kIGVu ZXJneSBjb2 5zdW1wdGlv biwgYW5kIH VzaW5nIHJl bmV3YWJsZS BtYXRlcmlh bHMgaW4gdG lyZSBwcm9k dWN0aW9uLj xicj41LiBG b2N1cyBvbi BxdWFsaXR5 IGFuZCBzYW ZldHk6IE1p Y2hlbGluIG lzIGtub3du IGZvciBpdH MgaGlnaC1x dWFsaXR5IH Byb2R1Y3Rz IGFuZCBoYX MgYSBzdHJv bmcgZm9jdX Mgb24gc2Fm ZXR5LiBUaG UgY29tcGFu eSdzIHRpcm VzIHVuZGVy Z28gcmlnb3 JvdXMgdGVz dGluZyB0by BlbnN1cmUg dGhleSBtZW V0IHRoZSBo aWdoZXN0IH N0YW5kYXJk cyBmb3Igc2 FmZXR5LCBk dXJhYmlsaX R5LCBhbmQg cGVyZm9ybW FuY2UuPGJy PjYuIERpdm Vyc2lmaWVk IHByb2R1Y3 QgcmFuZ2U6 IFdoaWxlIE 1pY2hlbGlu IGlzIGJlc3 Qga25vd24g Zm9yIGl0cy B0aXJlcywg dGhlIGNvbX BhbnkgYWxz byBvZmZlcn MgYSByYW5n ZSBvZiBvdG hlciBwcm9k dWN0cyBhbm Qgc2Vydmlj ZXMgc3VjaC BhcyBtYXBz LCB0cmF2ZW wgZ3VpZGVz LCBhbmQgZG lnaXRhbCBz b2x1dGlvbn MgZm9yIG1v YmlsaXR5IG FuZCBmbGVl dCBtYW5hZ2 VtZW50Ljxi cj43LiBDb3 Jwb3JhdGUg c29jaWFsIH Jlc3BvbnNp YmlsaXR5Oi BUaGUgTWlj aGVsaW4gY2 9tcGFueSBo YXMgYSBzdH JvbmcgY29t bWl0bWVudC B0byBjb3Jw b3JhdGUgc2 9jaWFsIHJl c3BvbnNpYm lsaXR5LCB3 aXRoIGluaX RpYXRpdmVz IGZvY3VzZW Qgb24gcHJv bW90aW5nIG RpdmVyc2l0 eSwgc3VwcG 9ydGluZyBs b2NhbCBjb2 1tdW5pdGll cywgYW5kIG NvbnRyaWJ1 dGluZyB0by BzdXN0YWlu YWJsZSBkZX ZlbG9wbWVu dC48YnI+OC 4gQ3VsaW5h cnkgZXhwZX J0aXNlOiBN aWNoZWxpbi BpcyBhbHNv IGtub3duIG ZvciBpdHMg cmVzdGF1cm FudCBhbmQg aG90ZWwgZ3 VpZGVzLCB3 aGljaCBhd2 FyZCBzdGFy cyB0byBlc3 RhYmxpc2ht ZW50cyBiYX NlZCBvbiB0 aGUgcXVhbG l0eSBvZiB0 aGVpciBjdW lzaW5lIGFu ZCBzZXJ2aW NlLiBUaGlz IGN1bGluYX J5IGV4cGVy dGlzZSBoYX MgaGVscGVk IGNyZWF0ZS BhIHVuaXF1 ZSBicmFuZC BpbWFnZSBm b3IgdGhlIG NvbXBhbnku PGJyPjkuIF N0cm9uZyBi cmFuZCBpZG VudGl0eTog TWljaGVsaW 4ncyBmYW1v dXMgIk1pY2 hlbGluIE1h biIgbWFzY2 90IGFuZCBp Y29uaWMgTW ljaGVsaW4g bG9nbyBoYX ZlIGJlY29t ZSBnbG9iYW xseSByZWNv Z25pemVkIH N5bWJvbHMg b2YgcXVhbG l0eSBhbmQg cmVsaWFiaW xpdHkuPGJy PjEwLiBDdX N0b21lciBs b3lhbHR5Oi BNaWNoZWxp biBoYXMgYS Bsb3lhbCBj dXN0b21lci BiYXNlIGFu ZCBpdHMgcH JvZHVjdHMg YXJlIHRydX N0ZWQgYnkg Y2FyIG1hbn VmYWN0dXJl cnMsIGRyaX ZlcnMsIGFu ZCBvdGhlci BidXNpbmVz c2VzIHRoYX QgcmVseSBv biB0aXJlcy Bmb3IgdGhl aXIgb3Blcm F0aW9ucy4g VGhpcyBoYX MgaGVscGVk IHRoZSBjb2 1wYW55IG1h aW50YWluIG l0cyBwb3Np dGlvbiBhcy BvbmUgb2Yg dGhlIHRvcC B0aXJlIGJy YW5kcyBpbi B0aGUgd29y bGQu

VGhlIE1pY2 hlbGluIGNv bXBhbnkncy BidXNpbmVz cyBtb2RlbC BjYW4gYmUg ZGVzY3JpYm VkIGFzIGEg dmVydGljYW xseSBpbnRl Z3JhdGVkIG 1vZGVsLiBU aGV5IGFyZS BwcmltYXJp bHkga25vd2 4gZm9yIHRo ZWlyIHByb2 R1Y3Rpb24g YW5kIHNhbG Ugb2YgdGly ZXMgZm9yIH ZhcmlvdXMg dHlwZXMgb2 YgdmVoaWNs ZXMsIGluY2 x1ZGluZyBj YXJzLCBtb3 RvcmN5Y2xl cywgdHJ1Y2 tzLCBhbmQg YmljeWNsZX MuPGJyPlRo ZSBjb21wYW 55J3MgYnVz aW5lc3MgbW 9kZWwgaXMg YmFzZWQgb2 4gZm91ciBr ZXkgY29tcG 9uZW50czog cmVzZWFyY2 ggYW5kIGRl dmVsb3BtZW 50LCBtYW51 ZmFjdHVyaW 5nLCBkaXN0 cmlidXRpb2 4gYW5kIHNh bGVzLCBhbm Qgc2Vydmlj ZS48YnI+MS 4gUmVzZWFy Y2ggYW5kIE RldmVsb3Bt ZW50OiBNaW NoZWxpbiBp bnZlc3RzIG hlYXZpbHkg aW4gcmVzZW FyY2ggYW5k IGRldmVsb3 BtZW50IHRv IGNvbnRpbn VvdXNseSBp bXByb3ZlIH RoZWlyIHRp cmUgdGVjaG 5vbG9neSBh bmQgZGV2ZW xvcCBuZXcg cHJvZHVjdH MuIFRoZXkg aGF2ZSBhIH N0cm9uZyBm b2N1cyBvbi Bpbm5vdmF0 aW9uIGFuZC BzdXN0YWlu YWJpbGl0eS wgd2l0aCBh IGdvYWwgdG 8gcHJvdmlk ZSBiZXR0ZX IgcGVyZm9y bWFuY2UgYW 5kIGxvbmdl ci1sYXN0aW 5nIHRpcmVz Ljxicj4yLi BNYW51ZmFj dHVyaW5nOi BNaWNoZWxp biBoYXMgbW FudWZhY3R1 cmluZyBmYW NpbGl0aWVz IGluIHNldm VyYWwgY291 bnRyaWVzIG Fyb3VuZCB0 aGUgd29ybG QsIHN0cmF0 ZWdpY2FsbH kgbG9jYXRl ZCBjbG9zZS B0byBtYWpv ciBtYXJrZX RzLiBUaGV5 IHVzZSBhZH ZhbmNlZCB0 ZWNobm9sb2 d5IGFuZCBw cm9kdWN0aW 9uIHByb2Nl c3NlcyB0by BlbnN1cmUg aGlnaC1xdW FsaXR5IGFu ZCBjb25zaX N0ZW50IHBy b2R1Y3RzLj xicj4zLiBE aXN0cmlidX Rpb24gYW5k IFNhbGVzOi BUaGUgY29t cGFueSB1c2 VzIGEgbXVs dGktY2hhbm 5lbCBhcHBy b2FjaCB0by BkaXN0cmli dXRlIGFuZC BzZWxsIHRo ZWlyIHRpcm VzLiBUaGV5 IGhhdmUgYS BzdHJvbmcg cHJlc2VuY2 UgaW4gYm90 aCByZXRhaW wgYW5kIHdo b2xlc2FsZS BtYXJrZXRz LCB3aXRoIH BhcnRuZXJz aGlwcyB3aX RoIG1ham9y IGF1dG9tb3 RpdmUgbWFu dWZhY3R1cm VycywgYXMg d2VsbCBhcy BpbmRlcGVu ZGVudCBkZW FsZXJzIGFu ZCB0aXJlIH JldGFpbGVy cy48YnI+NC 4gU2Vydmlj ZTogT25lIH VuaXF1ZSBh c3BlY3Qgb2 YgTWljaGVs aW4ncyBidX NpbmVzcyBt b2RlbCBpcy B0aGVpciBl bXBoYXNpcy BvbiBwcm92 aWRpbmcgdm FsdWUtYWRk ZWQgc2Vydm ljZXMgdG8g dGhlaXIgY3 VzdG9tZXJz LiBUaGlzIG luY2x1ZGVz IG9mZmVyaW 5nIG1haW50 ZW5hbmNlIG FuZCByZXBh aXIgc2Vydm ljZXMsIGNv bnN1bHRpbm csIGFuZCB0 cmFpbmluZy Bmb3IgYnVz aW5lc3Nlcy B0aGF0IHVz ZSB0aGVpci B0aXJlcy48 YnI+T3Zlcm FsbCwgTWlj aGVsaW4ncy BidXNpbmVz cyBtb2RlbC BpcyBmb2N1 c2VkIG9uIH Byb3ZpZGlu ZyBoaWdoLX F1YWxpdHks IGlubm92YX RpdmUgcHJv ZHVjdHMgYW 5kIHNlcnZp Y2VzIHRvIH RoZWlyIGN1 c3RvbWVycy B3aGlsZSBt YWludGFpbm luZyBhIHN0 cm9uZyBjb2 1taXRtZW50 IHRvIHN1c3 RhaW5hYmls aXR5IGFuZC Bzb2NpYWwg cmVzcG9uc2 liaWxpdHku IFRoaXMgaG FzIGFsbG93 ZWQgdGhlbS B0byBlc3Rh Ymxpc2ggYS BzdHJvbmcg YnJhbmQgcm VwdXRhdGlv biBhbmQgYS Bsb3lhbCBj dXN0b21lci BiYXNlIHdv cmxkd2lkZS 4=

AI does present potential challenges to the Michelin company’s products, services, and competitive positioning in several ways:
1. Substitution: Advanced AI technologies can facilitate the development of alternative transportation solutions, such as electric and autonomous vehicles, which may lessen the reliance on traditional tires. For instance, companies exploring airless or smart tire technologies could disrupt the market, leading to a potential decline in demand for conventional tires.
2. Disintermediation: AI-driven platforms could alter the distribution channels in the tire industry. For example, online marketplaces and direct-to-consumer sales could bypass traditional retailers and distributors. If customers can easily compare prices and access products through digital platforms, it may erode Michelin’s traditional retail relationships and market share.
3. Margin Pressure: The integration of AI into supply chain management, production, and customer service can improve efficiency and reduce costs for competitors. If other tire manufacturers leverage AI effectively while Michelin does not, it may lead to increased competition and pressure on profit margins. Companies that can optimize their operations using AI might be able to offer competitive pricing, thus squeezing Michelin’s margins.
Overall, while AI presents material challenges, it also offers opportunities for innovation and improvement. Michelin could leverage AI for product development, predictive maintenance, and enhanced customer experiences, potentially mitigating some of the threats mentioned.

The sensitivity of Michelin’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors:
1. Debt Levels: If Michelin has a substantial amount of debt, rising interest rates can increase the cost of servicing that debt, which would negatively affect earnings and free cash flow. Conversely, if rates decrease, debt servicing costs might reduce, positively impacting cash flows.
2. Cost of Capital: Interest rates influence the overall cost of capital for Michelin. Higher interest rates typically lead to a higher weighted average cost of capital (WACC), which can impact investment decisions and valuation metrics, making new projects less attractive and potentially hindering growth.
3. Consumer Demand: Rising interest rates can lead to decreased disposable income and reduced consumer spending. For a company like Michelin that relies on automotive and tire sales, a slowdown in consumer demand could negatively impact revenue and earnings.
4. Investment and Expansion: The company’s ability to invest in growth initiatives may be curtailed if interest rates are high, as financing costs become more expensive. This could slow down expansion plans and negatively affect future cash flows.
5. Valuation Multiples: Equity valuations are sensitive to interest rate changes because higher rates generally lead to lower valuations for stocks, as future cash flows are discounted at higher rates. A decrease in valuation multiples can adversely affect Michelin’s stock price.
6. Foreign Exchange Impacts: If Michelin operates in multiple currencies, changes in interest rates can affect foreign exchange rates, which could impact international sales, revenues, and overall financial performance.
Overall, while Michelin exhibits some sensitivity to interest rate changes, the extent of this sensitivity would depend on its financial structure, market conditions, and other operational factors.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgTW ljaGVsaW7i gJlzIGVjb2 5vbWljcyBv dmVyIHRoZS BuZXh0IDMt NSB5ZWFycy BpcyBhIHNp Z25pZmljYW 50IGFuZCBz dXN0YWluZW Qgc2hpZnQg YXdheSBmcm 9tIHRyYWRp dGlvbmFsIG ludGVybmFs IGNvbWJ1c3 Rpb24gZW5n aW5lIHZlaG ljbGVzIChJ Q0UpIHRvd2 FyZHMgZWxl Y3RyaWMgdm VoaWNsZXMg KEVWcykgYW 5kIGFsdGVy bmF0aXZlIG 1vYmlsaXR5 IHNvbHV0aW 9ucywgY291 cGxlZCB3aX RoIGEgZHJh c3RpYyBkZW NsaW5lIGlu IGdsb2JhbC BkZW1hbmQg Zm9yIHRpcm VzIGFzc29j aWF0ZWQgd2 l0aCBJQ0Ug dmVoaWNsZX MuIElmIHRo aXMgdHJlbm QgYWNjZWxl cmF0ZXMgYm V5b25kIGN1 cnJlbnQgcH JvamVjdGlv bnMsIGhlcm XigJlzIGhv dyBpdCBjb3 VsZCBpbXBh Y3QgTWljaG VsaW7igJlz IGZpbmFuY2 lhbHM6PGJy PjEuIDxzdH Jvbmc+TWFy Z2luczwvc3 Ryb25nPjog QXMgSUNFIH ZlaGljbGUg c2FsZXMgZG VjbGluZSwg dGhlIGRlbW FuZCBmb3Ig Y29udmVudG lvbmFsIHRp cmVzIG1heS BkaW1pbmlz aCBzaWduaW ZpY2FudGx5 LiBNaWNoZW xpbiwga25v d24gZm9yIG l0cyBleHBl cnRpc2UgYW 5kIGludmVz dG1lbnQgaW 4gaGlnaC1x dWFsaXR5IH RpcmVzLCBt YXkgZmFjZS BwcmljaW5n IHByZXNzdX JlIGFzIGNv bXBldGl0b3 JzIGFkanVz dCB0byB0aG UgbWFya2V0 IGFuZCBwb3 RlbnRpYWxs eSByZWR1Y2 UgcHJpY2Vz IHRvIG1haW 50YWluIHZv bHVtZS4gVG hpcyBjb3Vs ZCBsZWFkIH RvIGEgc3Vi c3RhbnRpYW wgcmVkdWN0 aW9uIGluIG dyb3NzIG1h cmdpbnMuIE FkZGl0aW9u YWxseSwgdG hlIGNvbXBh bnkgbWlnaH QgbmVlZCB0 byBpbnZlc3 QgaW4gbmV3 IHRlY2hub2 xvZ2llcyBh bmQgdGlyZS BkZXNpZ25z IGZvciBFVn MsIHdoaWNo IG1heSBub3 QgeWllbGQg aW1tZWRpYX RlIHJldHVy bnMsIGZ1cn RoZXIgc3F1 ZWV6aW5nIG 1hcmdpbnMu IE92ZXIgdG ltZSwgc3Vz dGFpbmVkIG xvd2VyIG1h cmdpbnMgY2 91bGQgYmUg YSBjb25zaW RlcmFibGUg dGhyZWF0IH RvIHByb2Zp dGFiaWxpdH kuPGJyPjIu IDxzdHJvbm c+Q2FzaCBG bG93PC9zdH Jvbmc+OiBX aXRoIHJldm VudWVzIGlt cGFjdGVkIG J5IGRlY2xp bmluZyB0aX JlIHNhbGVz IGZvciBJQ0 UgdmVoaWNs ZXMgYW5kIH BvdGVudGlh bCBpbmNyZW FzZWQgZXhw ZW5kaXR1cm VzIG9uIFIm YW1wO0QgZm 9yIEVWLWNv bXBhdGlibG UgcHJvZHVj dHMsIGNhc2 ggZmxvdyBm cm9tIG9wZX JhdGlvbnMg Y291bGQgc2 VlIGEgc2ln bmlmaWNhbn QgZGVjbGlu ZS4gSWYgTW ljaGVsaW4g aXMgdW5hYm xlIHRvIHRy YW5zaXRpb2 4gcXVpY2ts eSBlbm91Z2 ggdG8gY2Fw dHVyZSBFVi BtYXJrZXQg c2hhcmUsIG l0IGNvdWxk IGZhY2UgY2 FzaCBmbG93 IGRlZmljaX RzLiBUaGlz IHdvdWxkIG xpbWl0IGl0 cyBhYmlsaX R5IHRvIHJl aW52ZXN0IG luIGdyb3d0 aCBvciByZX R1cm4gY2Fw aXRhbCB0by BzaGFyZWhv bGRlcnMsIG Z1cnRoZXIg YWZmZWN0aW 5nIG1hcmtl dCBwZXJjZX B0aW9uIGFu ZCBzaGFyZW hvbGRlciB2 YWx1ZS48Yn I+My4gPHN0 cm9uZz5CYW xhbmNlIFNo ZWV0PC9zdH Jvbmc+OiBB IHByb2xvbm dlZCBkb3du dHVybiBpbi BjYXNoIGZs b3cgY291bG QgbGVhZCBN aWNoZWxpbi B0byBpbmNy ZWFzZSBsZX ZlcmFnZSBh cyBpdCB0cm llcyB0byBm aW5hbmNlIG 9uZ29pbmcg b3BlcmF0aW 9ucyBhbmQg dHJhbnNmb3 JtYXRpb24g ZWZmb3J0cy 4gUmlzaW5n IGRlYnQgbG V2ZWxzIGNv dWxkIGFmZm VjdCBpdHMg Y3JlZGl0IH JhdGluZywg aW5jcmVhc2 luZyBpbnRl cmVzdCBjb3 N0cyBhbmQg cmVzdWx0aW 5nIGluIGEg dGlnaHRlci BiYWxhbmNl IHNoZWV0Li BJZiByZXZl bnVlcyBkZW NsaW5lIHNo YXJwbHksIG Fzc2V0cyBj b3VsZCBiZS B3cml0dGVu IGRvd24sIH BhcnRpY3Vs YXJseSBpZi B0aGVyZSBp cyBhIHN1cn BsdXMgb2Yg cHJvZHVjdG lvbiBjYXBh Y2l0eSBmb3 IgSUNFIHRp cmVzIHRoYX QgY2FuIG5v IGxvbmdlci BiZSB1dGls aXplZCBlZm ZlY3RpdmVs eS4gVGhlIG 5ldCBhc3Nl dCB2YWx1ZS Bjb3VsZCBk ZXRlcmlvcm F0ZSwgbGVh ZGluZyB0by Bjb25jZXJu cyBhbW9uZy BpbnZlc3Rv cnMgYW5kIH N0YWtlaG9s ZGVycyBhYm 91dCB0aGUg Y29tcGFuee KAmXMgbG9u Zy10ZXJtIH N1c3RhaW5h YmlsaXR5IG luIGEgcmFw aWRseSBjaG FuZ2luZyBt YXJrZXQuPG JyPkluIHN1 bW1hcnksIG lmIE1pY2hl bGluIGZhaW xzIHRvIGFk YXB0IHRvIG EgcmFwaWRs eSB0cmFuc2 Zvcm1pbmcg YXV0b21vdG l2ZSBsYW5k c2NhcGUgdG hhdCBpbmNy ZWFzaW5nbH kgZmF2b3Jz IEVWcyBvdm VyIElDRSB2 ZWhpY2xlcy wgaXQgY291 bGQgZmFjZS BwcmVjYXJp b3VzIGVjb2 5vbWljIGNv bmRpdGlvbn MgY2hhcmFj dGVyaXplZC BieSByZWR1 Y2VkIG1hcm dpbnMsIG5l Z2F0aXZlIG Nhc2ggZmxv dywgYW5kIH N0cmVzcyBv biBpdHMgYm FsYW5jZSBz aGVldCwgd2 hpY2ggY291 bGQgdW5kZX JtaW5lIGl0 cyBwb3NpdG lvbiBhcyBh IGxlYWRpbm cgdGlyZSBt YW51ZmFjdH VyZXIuPGJy 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 bG9nb3MvOV ViZnFBd3BB eENGU1VJMH I4MzYud2Vi cCIgYWx0PS JNaWNoZWxp biIgdGl0bG U9Ik1pY2hl bGluIiAgY2 xhc3M9Imlt Zy1mbHVpZC IgaGVpZ2h0 PTUwIHdpZH RoPTUwIGxv YWRpbmc9J2 xhenknIHN0 eWxlPSdib3 JkZXItcmFk aXVzOiA2cH g7Jz4KCiAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n ZmxleDogMT sgdGV4dC1h bGlnbjogY2 VudGVyOyBt YXJnaW4tbG VmdDogNXB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dmb250LXNp emU6IDI2cH g7IGNvbG9y OiAjMzMzOy BtYXJnaW4t Ym90dG9tOi AxNXB4Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICDw n5OIIFdhbn QgdG8gcmVh ZCBtb3JlIG Fib3V0IE1p Y2hlbGluPw 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+RpSBGcm VlIGVCb29r IGZvciBuZX cgdXNlcnM6 IDxpPiJUaG UgQ2hlY2ts aXN0IFZhbH VlIEludmVz dG9yIOKAlC BBIFNtYXJ0 ZXIgV2F5IH RvIFBpY2sg U3RvY2tzIj wvaT4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9wPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPC EtLQogICAg ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdtYXJnaW 4tdG9wOiAx MnB4OyBmb2 50LXNpemU6 IDEzcHg7IG NvbG9yOiAj NDQ0Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIG5v dyBhbmQgZ2 V0IG91ciBm cmVlIGVCb2 9rIAogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGI+VGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2Nrczwv Yj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIC0t PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8IS0t CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxkaXYg c3R5bGU9J2 1hcmdpbi10 b3A6IDE2cH g7IGZvbnQt c2l6ZTogMT RweDsgY29s b3I6ICM0ND Q7IGZvbnQt ZmFtaWx5Oi AtYXBwbGUt c3lzdGVtLC BCbGlua01h Y1N5c3RlbU ZvbnQsIFNl Z29lIFVJLC BSb2JvdG8s IEhlbHZldG ljYSBOZXVl LCBzYW5zLX NlcmlmOyBs aW5lLWhlaW dodDogMS42 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBIYXZlIH lvdSBoZWFy ZCBhYm91dC BvdXIgc2hv cnQgPHN0cm 9uZyBzdHls ZT0nZm9udC 13ZWlnaHQ6 IDYwMDsnPk RhaWx5IFZp ZGVvIE5ld3 NsZXR0ZXI8 L3N0cm9uZz 4/CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdodHRwcz ovL3d3dy5p bnNpZ2h0Zn VsdmFsdWUu Y29tL25ld3 NsZXR0ZXIu cGhwJyB0YX JnZXQ9J19i bGFuaycgc3 R5bGU9J2Nv bG9yOiAjMD A3QkZGOyB0 ZXh0LWRlY2 9yYXRpb246 IG5vbmU7IG ZvbnQtd2Vp Z2h0OiA1MD A7IG1hcmdp bi1sZWZ0Oi A2cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBGaW5kIG 91dCBtb3Jl CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 L2E+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAgICAgIC AgICAgICAt LT4KICAgIC AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgCiAgICAg ICAgCiAgIC AgICAgPHNw YW4gY2xhc3 M9J2JsdXJy ZWQtdGV4dC c+CiAgICAg ICAgICAgIE 1TNGdWR2hs SUUgMXBZMm hsYkdsdSBJ R052YlhCaG JuIGtnZDJG eklHWnYgZF c1a1pXUWdh VyA0Z01UZz RPU0JpIGVT QmljbTkwYU cgVnljeUJC Ym1SeSB3Nm tnWVc1a0lN IE9KWkc5MV lYSmsgSUUx cFkyaGxiRy BsdUlHbHVJ RU5zIFpYSn RiMjUwTFUg WmxjbkpoYm 1RcyBJRVp5 WVc1alpTID RnVkdobGVT QnogZEdGeW RHVmtJRyA5 MWRDQmhjeU JoIElITnRZ V3hzSUggSj FZbUpsY2lC bSBZV04wYj NKNUxDIEJ3 Y205a2RXTn AgYm1jZ2FY UmxiWCBNZ2 MzVmphQ0Jo IGN5QjBhWE psY3kgd2dZ bkpoYTJVZy BjR0ZrY3l3 Z1lXIDVrSU hKMVltSmwg Y2lCaWIyOT BjeSA0OFlu SStNaTRnIF ZHaGxJRTFw WTIgaGxiR2 x1SUdKeSBi M1JvWlhKek lIIGRsY21V Z1lXeHogYn lCd2FXOXVa VyBWeWN5Qn BiaUIwIGFH VWdaR1YyWl cgeHZjRzFs Ym5RZyBiMl lnY0c1bGRX IDFoZEdsak lDaGggYVhJ dFptbHNiRy BWa0tTQjBh WEpsIGN5NG dRbVZtYjMg SmxJSFJvWl NCcCBiblps Ym5ScGIyID RnYjJZZ2NH NWwgZFcxaG RHbGpJSCBS cGNtVnpMQ0 JoIGJHd2dk R2x5WlggTW dkMlZ5WlNC eiBiMnhwWk N3Z2JXIEZy YVc1bklHWn YgY2lCaElI WmxjbiBrZ1 luVnRjSGtn IGNtbGtaUz Q4WW4gSStN eTRnVkdobC BJRTFwWTJo bGJHIGx1SU UxaGJpd2cg WVd4emJ5Qn JibSA5M2Jp QmhjeUJDIG FXSmxibVIx YlMgd2dhWE 1nZEdobCBJ R052YlhCaG JuIG5pZ0ps eklHbGogYj I1cFl5QnRZ WCBOamIzUX VJRWhsIElI ZGhjeUJqY2 0gVmhkR1Zr SUdsdSBJRE U0T1RnZ1lu IGtnUm5KbG JtTm8gSUdG eWRHbHpkQy BCTllYSnBk WE1nIFVtOX pjMmxzYkcg OXVMQ0JoYm 1RZyBhR0Z6 SUdKbFkyID l0WlNCdmJt VWcgYjJZZ2 RHaGxJSCBk dmNteGs0b0 NaIGN5QnRi M04wSUggSm xZMjluYm1s NiBZV0pzWl NCaFpIIFps Y25ScGMybH UgWnlCbWFX ZDFjbSBWek xqeGljajQw IExpQlVhR1 VnVFcgbGph R1ZzYVc0Zy BUV0Z1SUhk aGN5IEJ2Y2 1sbmFXNWgg Ykd4NUlHTn laVyBGMFpX UWdkRzhnIG NISnZiVzkw WlMgQjBhR1 VnWTI5dCBj R0Z1ZWVLQW 1YIE1nWW1s amVXTnMgWl NCMGFYSmxj eSB3Z1luVj BJR2hsIElI RjFhV05yYk gga2dZbVZq WVcxbCBJSE J2Y0hWc1lY IElnWVc1a0 lIZGggY3lC bVpXRjBkWC BKbFpDQnBi aUJoIFpITW dabTl5SUcg RnNiQ0JOYV dObyBaV3hw YmlCd2NtID lrZFdOMGN5 NDggWW5JK0 5TNGdWRyBo bElHWnBjbk 4wIElFMXBZ MmhsYkcgbH VJRWQxYVdS bCBJSGRoY3 lCd2RXIEpz YVhOb1pXUW cgYVc0Z01U a3dNQyBCaG N5QmhJR1p5 IFpXVWdaM1 ZwWkcgVmli MjlySUdadi BjaUJHY21W dVkyIGdnYl c5MGIzSnAg YzNSekxpQk pkQyBCcGJt TnNkV1JsIF pDQnRZWEJ6 TEMgQm9iM1 JsYkhNZyBZ VzVrSUhKbG MzIFJoZFhK aGJuUnogTE NCaGJtUWdk RyBsd2N5Qm 1iM0lnIGJX RnBiblJoYV cgNXBibWNn WVc1ayBJSE psY0dGcGNt IGx1WnlCal lYSnogTGlC VWFHVWdaMy BWcFpHVWdZ bVZqIFlXMW xJSE52SUgg QnZjSFZzWV hJZyBkR2ho ZENCcGRDIE JsZUhCaGJt UmwgWkNCMG J5QmpiMyBa bGNpQnZkR2 hsIGNpQmpi M1Z1ZEggSn BaWE1nWVc1 ayBJR1YyWl c1MGRXIEZz YkhrZ1ltVm ogWVcxbElH dHViMyBkdU lHWnZjaUJw IGRITWdjbV Z6ZEcgRjFj bUZ1ZENCeS BZWFJwYm1k ekxqIHhpY2 o0MkxpQkog YmlBeE9UST JMQyBCMGFH VWdUV2xqIG FHVnNhVzRn WW4gSnZkR2 hsY25NZyBh VzUwY205a2 RXIE5sWkNC MGFHVWcgZD I5eWJHVGln SiBseklHWn Bjbk4wIElI SmxiVzkyWV cgSnNaU0Iw YVhKbCBjeU JtYjNJZ1ky IEZ5Y3k0Z1 ZHaHAgY3lC cGJuWmxibi BScGIyNGdi V0ZrIFpTQn BkQ0J3YjMg TnphV0pzWl NCMCBieUJs WVhOcGJIIG tnWTJoaGJt ZGwgSUdFZ1 pteGhkQyBC MGFYSmxJRz l1IElIUm9a U0J6YVcgUm xJRzltSUhS byBaU0J5Yj JGa0xDIEJo Ym1RZ1ozSm wgWVhSc2VT QnBibSBOeV pXRnpaV1Fn IGRHaGxJSE 5oWm0gVjBl U0JoYm1RZy BZMjl1ZG1W dWFXIFZ1WT JVZ2IyWWcg WkhKcGRtbH VaeSA0OFlu SStOeTRnIF JIVnlhVzVu SUYgZHZjbX hrSUZkaCBj aUJKU1N3Z1 RXIGxqYUdW c2FXNGcgZD JGeklHRWdi VyBGcWIzSW djM1Z3IGNH eHBaWElnYj IgWWdkR2x5 WlhNZyBabT l5SUcxcGJH IGwwWVhKNU lIWmwgYUds amJHVnpMaS BCVWFHVWdZ Mjl0IGNHRn VlU0JoYkgg TnZJSEJ5Yj JSMSBZMlZr SUdFZ2RtIE Z5YVdWMGVT QnYgWmlCdm RHaGxjaSBC d2NtOWtkV0 4wIGN5Qm1i M0lnZEcgaG xJSGRoY2lC bCBabVp2Y2 5Rc0lHIGx1 WTJ4MVpHbH UgWnlCbllY TWdiVyBGem EzTWdZVzVr IElHRnBjbU 55WVcgWjBJ SEJoY25Sei BManhpY2o0 NExpIEJVYU dVZ1RXbGog YUdWc2FXNG dSMyBKdmRY QWdhWE1nIF lXeHpieUJy Ym0gOTNiaU JtYjNJZyBh WFJ6SUdsdW JtIDkyWVhS cGRtVWcgWV hCd2NtOWhZ MiBnZ2RHOG daVzF3IGJH OTVaV1VnWW 0gVnVaV1pw ZEhNdSBJRW x1SURFNU1U IE1zSUhSb1 pTQmogYjIx d1lXNTVJRy BsdWRISnZa SFZqIFpXUW dkR2hsSUcg WnBjbk4wSU hCeSBiMlpw ZEMxemFHIE Z5YVc1bklI QnMgWVc0Z1 ptOXlJRyBs MGN5QmxiWE JzIGIzbGxa WE1zSUcgRn VaQ0JwYmlB eCBPVFE1SU dsMElHIEps WTJGdFpTQn YgYm1VZ2Iy WWdkRyBobE lHWnBjbk4w IElHTnZiWE JoYm0gbGxj eUJwYmlCRy BjbUZ1WTJV Z2RHIDhnYj JabVpYSWcg WVNCemIyTn BZVyB3Z2My VmpkWEpwIG RIa2djM2x6 ZEcgVnRJSF J2SUdsMCBj eUJsYlhCc2 IzIGxsWlhN dVBHSnkgUG prdUlGUm9a UyBCTmFXTm 9aV3hwIGJp QmpiMjF3WV cgNTVJR2x6 SUhOMCBhV3 hzSUdKaGMy IFZrSUdsdU lFTnMgWlhK dGIyNTBMVS BabGNuSmhi bVFzIElFWn lZVzVqWlMg d2dZVzVrSU dseiBJSE4w YVd4c0lHID kzYm1Wa0lH SjUgSUhSb1 pTQk5hVyBO b1pXeHBiaU JtIFlXMXBi SGt1SUUgbD BJR2x6SUdO MSBjbkpsYm 5Sc2VTIEJz WldRZ1lua2 cgZEdobElH ZHlaVyBGME xXZHlZVzVr IGMyOXVJRz ltSU0gT0pa RzkxWVhKay BJRTFwWTJo bGJHIGx1TE NCS1pXRnUg TFVSdmJXbH VhWCBGMVpT QlRaVzVoIG NtUXVQR0p5 UGogRXdMaU JVYjJSaCBl U3dnVFdsam FHIFZzYVc0 Z2FYTWcgYj I1bElHOW1J SCBSb1pTQn NZWEpuIFpY TjBJSFJwY2 0gVWdiV0Z1 ZFdaaCBZM1 IxY21WeWN5 IEJwYmlCMG FHVWcgZDI5 eWJHUXNJSC BCeWIyUjFZ Mmx1IFp5Qj BhWEpsY3kg Qm1iM0lnWV NCMyBhV1Js SUhKaGJtIG RsSUc5bUlI WmwgYUdsam JHVnpJRyBs dVkyeDFaR2 x1IFp5QmpZ WEp6TEMgQn RiM1J2Y21O NSBZMnhsY3 l3Z2RIIEox WTJ0ekxDQm ggYm1RZ1lX bHlZMyBKaF puUXVJRlJv IFpTQmpiMj F3WVcgNTVJ R0ZzYzI4Zy BiM0JsY21G MFpYIE1nYV c0Z2IzUm8g WlhJZ2FXNW tkWCBOMGNt bGxjeXdnIG FXNWpiSFZr YVcgNW5JSF J5WVhabCBi Q0JoYm1RZ1 kzIFZzYVc1 aGNua2cgZE c5MWNtbHpi UyA0PQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=