Schneider Electric

Live  

Schneider Electric S.E. is a multinational company headquartered in France that specializes in energy management and automation solutions. It was founded in 1836 by Adolphe and Joseph-Eugene Schneider and has since grown into a global leader in the electrical industry. Schneider Electric operates in over 100 countries and has a diverse portfolio of products and services, including smart home solutions, building automation, energy efficiency, and industrial automation. The company is committed to sustainability and has set ambitious goals to reduce its own environmental impact and help its customers do the same. Schneider Electric has a strong focus on innovation, constantly developing new technologies and solutions to meet the evolving needs of its customers.

U2NobmVpZG VyIEVsZWN0 cmljIGlzIG EgY29tcGFu eSB0aGF0IG hlbHBzIGJ1 c2luZXNzZX MgYW5kIGhv bWVzIHVzZS BlbmVyZ3kg bW9yZSBlZm ZpY2llbnRs eSBhbmQgc2 FmZWx5LiBJ bWFnaW5lIH lvdSBoYXZl IGEgdG95IH RoYXQgbmVl ZHMgYmF0dG VyaWVzIHRv IHdvcmsuIF NjaG5laWRl ciBFbGVjdH JpYyBtYWtl cyB0aGUgdG 9vbHMgYW5k IHN5c3RlbX MgdGhhdCBl bnN1cmUgdG hhdCB0b3kg Z2V0cyBqdX N0IHRoZSBy aWdodCBhbW 91bnQgb2Yg ZW5lcmd5IG l0IG5lZWRz LiBUaGV5IG NyZWF0ZSB0 aGluZ3MgbG lrZSBzbWFy dCBlbGVjdH JpY2FsIHN5 c3RlbXMsIH doaWNoIGhl bHAgY29udH JvbCBlbGVj dHJpY2l0eS BhbmQgbWFu YWdlIHBvd2 VyIHVzYWdl IGJldHRlci wgYW5kIGVu ZXJneS1zYX ZpbmcgdGVj aG5vbG9naW VzIHRoYXQg aGVscCBwZW 9wbGUgYW5k IGJ1c2luZX NzZXMgdXNl IGxlc3MgZW 5lcmd5Ljxi cj5UaGUgd2 F5IFNjaG5l aWRlciBFbG VjdHJpYyBt YWtlcyBtb2 5leSBpcyBi eSBzZWxsaW 5nIHRoZXNl IHByb2R1Y3 RzIGFuZCBz ZXJ2aWNlcy B0byBvdGhl ciBjb21wYW 5pZXMsIGZh Y3Rvcmllcy wgaG9zcGl0 YWxzLCBhbm QgZXZlbiBo b21lcy4gVG hleSBhbHNv IG9mZmVyIH N1cHBvcnQg YW5kIGFkdm ljZSB0byBo ZWxwIGJ1c2 luZXNzZXMg dXNlIGVuZX JneSBpbiBh IHNtYXJ0ZX Igd2F5LCB3 aGljaCBpcy B2ZXJ5IGhl bHBmdWwgZm 9yIHNhdmlu ZyBtb25leS BhbmQgaGVs cGluZyB0aG UgcGxhbmV0 Ljxicj5TY2 huZWlkZXIg RWxlY3RyaW MgaXMgc3Vj Y2Vzc2Z1bC Bmb3IgYSBm ZXcgcmVhc2 9ucy4gRmly c3QsIHRoZX kgYXJlIGFs d2F5cyBjcm VhdGluZyBu ZXcgYW5kIG JldHRlciB0 ZWNobm9sb2 dpZXMgdG8g aGVscCB3aX RoIGVuZXJn eSBlZmZpY2 llbmN5LiBU aGlzIG1lYW 5zIHRoZXkg Y2FuIG9mZm VyIHRoZSBs YXRlc3QgYW 5kIGJlc3Qg c29sdXRpb2 5zIHRvIHRo ZWlyIGN1c3 RvbWVycy4g U2Vjb25kLC BhcyBtb3Jl IHBlb3BsZS B3YW50IHRv IHNhdmUgZW 5lcmd5IGFu ZCBjYXJlIG Fib3V0IHRo ZSBlbnZpcm 9ubWVudCwg U2NobmVpZG VyIEVsZWN0 cmljIGdldH MgbW9yZSBj dXN0b21lcn Mgd2hvIG5l ZWQgdGhlaX IgaGVscC48 YnI+SW4gdG hlIGZ1dHVy ZSwgU2Nobm VpZGVyIEVs ZWN0cmljIG lzIGxpa2Vs eSB0byBzdG F5IHN1Y2Nl c3NmdWwgYm VjYXVzZTo8 YnI+MS4gPH N0cm9uZz5H cm93aW5nIE 5lZWQ6PC9z dHJvbmc+IF Blb3BsZSBh bmQgY29tcG FuaWVzIGFy ZSBiZWNvbW luZyBtb3Jl IGF3YXJlIG 9mIGhvdyBp bXBvcnRhbn QgaXQgaXMg dG8gc2F2ZS BlbmVyZ3kg YW5kIGJlIG Vjby1mcmll bmRseS4gU2 NobmVpZGVy IEVsZWN0cm ljIGhlbHBz IHdpdGggdG hhdC48YnI+ Mi4gPHN0cm 9uZz5Jbm5v dmF0aW9uOj wvc3Ryb25n PiBUaGV5IG tlZXAgaW52 ZW50aW5nIG 5ldyBzb2x1 dGlvbnMsIG 1ha2luZyBz dXJlIHRoZX kgc3RheSBh aGVhZCBvZi BvdGhlciBj b21wYW5pZX MuPGJyPjMu IDxzdHJvbm c+R2xvYmFs IFJlYWNoOj wvc3Ryb25n PiBUaGV5IH NlbGwgdGhl aXIgcHJvZH VjdHMgYWxs IG92ZXIgdG hlIHdvcmxk LCBzbyB0aG V5IGhhdmUg bG90cyBvZi BvcHBvcnR1 bml0aWVzIH RvIGdyb3cg YW5kIGV4cG FuZC48YnI+ SW4gc2hvcn QsIFNjaG5l aWRlciBFbG VjdHJpYyBp cyBnb29kIG F0IGhlbHBp bmcgcGVvcG xlIGFuZCBi dXNpbmVzc2 VzIG1hbmFn ZSBlbmVyZ3 ksIGFuZCBi ZWNhdXNlIG 9mIHRoYXQs IHRoZXkgd2 lsbCBjb250 aW51ZSB0by BiZSBpbXBv cnRhbnQgYW 5kIHN1Y2Nl c3NmdWwgYX MgdGhlIHdv cmxkIGNoYW 5nZXMuPGJy Pg==

MS4gR2xvYm FsIFByZXNl bmNlOiBTY2 huZWlkZXIg RWxlY3RyaW MgaGFzIGEg c3Ryb25nIG dsb2JhbCBw cmVzZW5jZS B3aXRoIG9w ZXJhdGlvbn MgaW4gbW9y ZSB0aGFuID EwMCBjb3Vu dHJpZXMuIE l0IHNlcnZl cyBjdXN0b2 1lcnMgaW4g dmFyaW91cy BpbmR1c3Ry aWVzIHN1Y2 ggYXMgZW5l cmd5IGFuZC BpbmZyYXN0 cnVjdHVyZS wgZGF0YSBj ZW50ZXJzLC BidWlsZGlu Z3MsIGFuZC ByZXNpZGVu dGlhbCBtYX JrZXRzLjxi cj4yLiBEaX ZlcnNpZmll ZCBQb3J0Zm 9saW86IFRo ZSBjb21wYW 55IG9mZmVy cyBhIHdpZG UgcmFuZ2Ug b2YgcHJvZH VjdHMgYW5k IHNvbHV0aW 9ucyBpbiB0 aGUgYXJlYX Mgb2YgcG93 ZXIgbWFuYW dlbWVudCwg aW5kdXN0cm lhbCBhdXRv bWF0aW9uLC BidWlsZGlu ZyBtYW5hZ2 VtZW50IHN5 c3RlbXMsIG FuZCByZW5l d2FibGUgZW 5lcmd5LiBU aGlzIGFsbG 93cyBpdCB0 byBjYXRlci B0byB0aGUg bmVlZHMgb2 YgZGlmZmVy ZW50IGluZH VzdHJpZXMg YW5kIGN1c3 RvbWVycy48 YnI+My4gSW 5ub3ZhdGl2 ZSBUZWNobm 9sb2d5OiBT Y2huZWlkZX IgRWxlY3Ry aWMgaGFzIG Egc3Ryb25n IGZvY3VzIG 9uIGlubm92 YXRpb24gYW 5kIGludmVz dHMgaGVhdm lseSBpbiBy ZXNlYXJjaC BhbmQgZGV2 ZWxvcG1lbn QuIEl0IGhh cyBhIGRlZG ljYXRlZCBD ZW50ZXIgb2 YgRXhjZWxs ZW5jZSBmb3 IgcmVzZWFy Y2ggYW5kIG RldmVsb3Bt ZW50LCBhbm QgaXRzIHBy b2R1Y3RzIG FuZCBzb2x1 dGlvbnMgYX JlIGtub3du IGZvciB0aG VpciBhZHZh bmNlZCB0ZW Nobm9sb2d5 IGFuZCBlbm VyZ3kgZWZm aWNpZW5jeS 48YnI+NC4g U3VzdGFpbm FiaWxpdHk6 IFNjaG5laW RlciBFbGVj dHJpYyBpcy Bjb21taXR0 ZWQgdG8gc3 VzdGFpbmFi aWxpdHkgYW 5kIGhhcyBz ZXQgYW1iaX Rpb3VzIGdv YWxzIHRvIG FjaGlldmUg Y2FyYm9uIG 5ldXRyYWxp dHkgYW5kIH JlZHVjZSBp dHMgZW52aX Jvbm1lbnRh bCBpbXBhY3 QuIEl0IGhl bHBzIGl0cy BjdXN0b21l cnMgaW4gb3 B0aW1pemlu ZyBlbmVyZ3 kgZWZmaWNp ZW5jeSBhbm QgcmVkdWNp bmcgdGhlaX IgY2FyYm9u IGZvb3Rwcm ludCB0aHJv dWdoIGl0cy Bwcm9kdWN0 cyBhbmQgc2 9sdXRpb25z Ljxicj41Li BTdHJvbmcg Q3VzdG9tZX IgUmVsYXRp b25zaGlwcz ogVGhlIGNv bXBhbnkgaG FzIGEgc3Ry b25nIGZvY3 VzIG9uIGJ1 aWxkaW5nIG xvbmctdGVy bSByZWxhdG lvbnNoaXBz IHdpdGggaX RzIGN1c3Rv bWVycy4gSX QgcHJvdmlk ZXMgcGVyc2 9uYWxpemVk IHNvbHV0aW 9ucyBhbmQg c2VydmljZX MgdG8gbWVl dCB0aGUgc3 BlY2lmaWMg bmVlZHMgb2 YgaXRzIGN1 c3RvbWVycy 48YnI+Ni4g RGlnaXRhbC BUcmFuc2Zv cm1hdGlvbj ogU2NobmVp ZGVyIEVsZW N0cmljIGlz IGF0IHRoZS Bmb3JlZnJv bnQgb2YgdG hlIGRpZ2l0 YWwgdHJhbn Nmb3JtYXRp b24gaW4gdG hlIGVuZXJn eSBhbmQgYX V0b21hdGlv biBpbmR1c3 RyeS4gSXQg aXMgaW50ZW dyYXRpbmcg c21hcnQgdG VjaG5vbG9n eSwgZGF0YS BhbmFseXRp Y3MsIGFuZC BhcnRpZmlj aWFsIGludG VsbGlnZW5j ZSBpbnRvIG l0cyBwcm9k dWN0cyBhbm Qgc29sdXRp b25zIHRvIG 9mZmVyIHJl bGlhYmxlLC BlZmZpY2ll bnQsIGFuZC BzdXN0YWlu YWJsZSBzb2 x1dGlvbnMg dG8gaXRzIG N1c3RvbWVy cy48YnI+Ny 4gU3Ryb25n IEZpbmFuY2 lhbCBQZXJm b3JtYW5jZT ogVGhlIGNv bXBhbnkgaG FzIGEgc3Ry b25nIGZpbm FuY2lhbCB0 cmFjayByZW NvcmQsIHdp dGggY29uc2 lzdGVudCBy ZXZlbnVlIG FuZCBwcm9m aXQgZ3Jvd3 RoLiBJdCBo YXMgYSBzdG FibGUgYW5k IGRpdmVyc2 UgY3VzdG9t ZXIgYmFzZS wgd2hpY2gg cHJvdmlkZX MgYSBzdHJv bmcgZm91bm RhdGlvbiBm b3IgaXRzIG ZpbmFuY2lh bCBwZXJmb3 JtYW5jZS48 YnI+OC4gU3 VzdGFpbmFi aWxpdHkgQX dhcmRzIGFu ZCBSZWNvZ2 5pdGlvbjog U2NobmVpZG VyIEVsZWN0 cmljIGhhcy ByZWNlaXZl ZCBzZXZlcm FsIGF3YXJk cyBhbmQgcm Vjb2duaXRp b24gZm9yIG l0cyBjb21t aXRtZW50IH RvIHN1c3Rh aW5hYmlsaX R5IGFuZCBp bm5vdmF0aW 9uLiBJdCBo YXMgYmVlbi BuYW1lZCBh bW9uZyB0aG UgdG9wIDEw MCBtb3N0IH N1c3RhaW5h YmxlIGNvbX BhbmllcyBp biB0aGUgd2 9ybGQgYnkg Q29ycG9yYX RlIEtuaWdo dHMgYW5kIG hhcyBhbHNv IGJlZW4gcm Vjb2duaXpl ZCBieSBGb3 JiZXMgYXMg b25lIG9mIH RoZSBXb3Js ZOKAmXMgTW 9zdCBJbm5v dmF0aXZlIE NvbXBhbmll cy48YnI+OS 4gRW1wbG95 ZWUgRGV2ZW xvcG1lbnQ6 IFNjaG5laW RlciBFbGVj dHJpYyB2YW x1ZXMgaXRz IGVtcGxveW VlcyBhbmQg cHJvdmlkZX Mgb3Bwb3J0 dW5pdGllcy Bmb3IgdGhl aXIgcGVyc2 9uYWwgYW5k IHByb2Zlc3 Npb25hbCBk ZXZlbG9wbW VudC4gSXQg aGFzIGEgc3 Ryb25nIGN1 bHR1cmUgb2 YgbGVhcm5p bmcgYW5kIG 9mZmVycyB2 YXJpb3VzIH RyYWluaW5n IGFuZCBkZX ZlbG9wbWVu dCBwcm9ncm FtcyB0byBp dHMgZW1wbG 95ZWVzLjxi cj4xMC4gU2 9jaWFsIFJl c3BvbnNpYm lsaXR5OiBU aGUgY29tcG FueSBiZWxp ZXZlcyBpbi BnaXZpbmcg YmFjayB0by Bzb2NpZXR5 IGFuZCBoYX MgdmFyaW91 cyBpbml0aW F0aXZlcyBp biBwbGFjZS B0byBzdXBw b3J0IGxvY2 FsIGNvbW11 bml0aWVzIG FuZCBwcm9t b3RlIHN1c3 RhaW5hYmxl IGRldmVsb3 BtZW50LiBJ dCBhbHNvIG VuY291cmFn ZXMgaXRzIG VtcGxveWVl cyB0byB2b2 x1bnRlZXIg Zm9yIHNvY2 lhbCBjYXVz ZXMgdGhyb3 VnaCBpdHMg U2NobmVpZG VyIEVsZWN0 cmljIEZvdW 5kYXRpb24u

U2NobmVpZG VyIEVsZWN0 cmljIFMuRS 4gaXMgYSBt dWx0aW5hdG lvbmFsIGNv cnBvcmF0aW 9uIHRoYXQg c3BlY2lhbG l6ZXMgaW4g ZW5lcmd5IG 1hbmFnZW1l bnQgYW5kIG F1dG9tYXRp b24gc29sdX Rpb25zLiBJ dHMgYnVzaW 5lc3MgbW9k ZWwgaXMgZm 9jdXNlZCBv biBwcm92aW Rpbmcgc29s dXRpb25zIH RvIG9wdGlt aXplIHRoZS B1c2Ugb2Yg ZW5lcmd5IG FuZCByZXNv dXJjZXMsIG luY3JlYXNl IGVmZmljaW VuY3ksIGFu ZCByZWR1Y2 UgY29zdHMg Zm9yIGl0cy BjbGllbnRz Ljxicj5Tb2 1lIGtleSBl bGVtZW50cy BvZiB0aGUg Y29tcGFueS dzIGJ1c2lu ZXNzIG1vZG VsIGluY2x1 ZGU6PGJyPj EuIERpdmVy c2lmaWVkIH Byb2R1Y3Qg cG9ydGZvbG lvOiBTY2hu ZWlkZXIgRW xlY3RyaWMg b2ZmZXJzIG Egd2lkZSBy YW5nZSBvZi Bwcm9kdWN0 cyBhbmQgc2 VydmljZXMg aW5jbHVkaW 5nIGVsZWN0 cmljYWwgZG lzdHJpYnV0 aW9uLCBhdX RvbWF0aW9u IGFuZCBjb2 50cm9sLCBy ZW5ld2FibG UgZW5lcmd5 IG1hbmFnZW 1lbnQsIGFu ZCBkYXRhIG NlbnRlciBz b2x1dGlvbn MgdG8gc2Vy dmUgdmFyaW 91cyBpbmR1 c3RyaWVzIG FuZCBjbGll bnRzLjxicj 4yLiBJbm5v dmF0aW9uIG FuZCB0ZWNo bm9sb2d5LW RyaXZlbjog VGhlIGNvbX BhbnkgY29u dGludW91c2 x5IGludmVz dHMgaW4gcm VzZWFyY2gg YW5kIGRldm Vsb3BtZW50 IHRvIHN0YX kgYXQgdGhl IGZvcmVmcm 9udCBvZiB0 ZWNobm9sb2 dpY2FsIGFk dmFuY2VtZW 50cyBpbiBl bmVyZ3kgbW FuYWdlbWVu dCBhbmQgYX V0b21hdGlv bi48YnI+My 4gR2xvYmFs IHByZXNlbm NlOiBTY2hu ZWlkZXIgRW xlY3RyaWMg b3BlcmF0ZX MgaW4gbW9y ZSB0aGFuID EwMCBjb3Vu dHJpZXMgYW 5kIGhhcyBh IHN0cm9uZy BuZXR3b3Jr IG9mIHBhcn RuZXJzIGFu ZCBkaXN0cm lidXRvcnMs IGVuYWJsaW 5nIGl0IHRv IHNlcnZlIG EgZGl2ZXJz ZSByYW5nZS BvZiBjdXN0 b21lcnMgZ2 xvYmFsbHku PGJyPjQuIE ZvY3VzIG9u IHN1c3RhaW 5hYmlsaXR5 OiBBcyBhIG NvbXBhbnkg dGhhdCBvcG VyYXRlcyBp biB0aGUgZW 5lcmd5IHNl Y3RvciwgU2 NobmVpZGVy IEVsZWN0cm ljIGlzIGNv bW1pdHRlZC B0byBwcm9t b3Rpbmcgc3 VzdGFpbmFi aWxpdHkgYW 5kIGhlbHBp bmcgaXRzIG NsaWVudHMg cmVkdWNlIH RoZWlyIGNh cmJvbiBmb2 90cHJpbnQu PGJyPjUuIF RhcmdldGVk IG1hcmtldC BzZWdtZW50 czogVGhlIG NvbXBhbnkg Zm9jdXNlcy BvbiBzcGVj aWZpYyBtYX JrZXQgc2Vn bWVudHMgc3 VjaCBhcyBy ZXNpZGVudG lhbCwgY29t bWVyY2lhbC wgaW5kdXN0 cmlhbCwgYW 5kIGluZnJh c3RydWN0dX JlLCB0YWls b3JpbmcgaX RzIHNvbHV0 aW9ucyBhbm Qgc2Vydmlj ZXMgdG8gdG hlIHVuaXF1 ZSBuZWVkcy BvZiBlYWNo IHNlZ21lbn QuPGJyPjYu IFNlcnZpY2 Utb3JpZW50 ZWQgYXBwcm 9hY2g6IFNj aG5laWRlci BFbGVjdHJp YyBvZmZlcn MgY29tcHJl aGVuc2l2ZS BzZXJ2aWNl cyB0byBpdH MgY2xpZW50 cywgaW5jbH VkaW5nIGNv bnN1bHRpbm csIGRlc2ln biwgaW5zdG FsbGF0aW9u LCBhbmQgbW FpbnRlbmFu Y2UgdG8gZW 5zdXJlIHRo ZSBzbW9vdG ggb3BlcmF0 aW9uIG9mIG l0cyBzb2x1 dGlvbnMuPG JyPjcuIFBh cnRuZXJzaG lwIGFuZCBh Y3F1aXNpdG lvbnM6IFRo ZSBjb21wYW 55IHJlZ3Vs YXJseSBwYX J0bmVycyB3 aXRoIG90aG VyIGluZHVz dHJ5IGxlYW RlcnMgYW5k IGFsc28gYW NxdWlyZXMg c21hbGwgYn VzaW5lc3Nl cyB0byBleH BhbmQgaXRz IGNhcGFiaW xpdGllcyBh bmQgb2ZmZX JpbmdzLjxi cj44LiBDdX N0b21lci1j ZW50cmljOi BTY2huZWlk ZXIgRWxlY3 RyaWMgcHV0 cyBhIHN0cm 9uZyBlbXBo YXNpcyBvbi BjdXN0b21l ciBzYXRpc2 ZhY3Rpb24g YW5kIGhhcy BhIGN1c3Rv bWVyLWNlbn RyaWMgYXBw cm9hY2gsIH Byb3ZpZGlu ZyBwZXJzb2 5hbGl6ZWQg c29sdXRpb2 5zIGFuZCBz dXBwb3J0IH RvIG1lZXQg dGhlIHVuaX F1ZSBuZWVk cyBvZiBpdH MgY2xpZW50 cy4=

AI can pose several potential threats to Schneider Electric’s products, services, and competitive positioning, primarily through substitution, disintermediation, and margin pressure.
1. Substitution: AI technologies could enable the development of alternative solutions that may replace or enhance Schneider Electric’s existing offerings. For example, advanced AI algorithms can optimize energy management systems, making them more efficient than traditional solutions. This could lead to customers opting for newer AI-driven products from competitors rather than Schneider’s traditional technologies.
2. Disintermediation: With the rise of AI and automation, businesses might choose to directly utilize AI applications or cloud-based solutions to manage energy and automation needs without relying on Schneider Electric’s products or services. This trend could reduce the demand for Schneider’s systems, leading to potential loss of market share.
3. Margin Pressure: The integration of AI into products may lead to increased competition, particularly from startups and tech companies that can offer innovative solutions at lower costs. Competitors using AI might achieve lower operational costs and enhanced product capabilities, forcing Schneider Electric to reduce its prices to remain competitive. This could impact profit margins across its product lines.
In summary, while AI presents opportunities for innovation and efficiency, it also poses material threats through substitution, disintermediation, and margin pressure that Schneider Electric must address to maintain its market position and profitability.

The sensitivity of Schneider Electric’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors:
1. Cost of Debt: Schneider Electric, like many companies, relies on debt financing for operational and growth initiatives. Rising interest rates can increase the cost of borrowing, leading to higher interest expenses. This can reduce net earnings and cash flow, particularly if the company has significant variable-rate debt.
2. Investment Decisions: Higher interest rates can make capital expenditures less attractive. If Schneider Electric faces higher costs of financing, it may delay or scale back on investments in new technologies or expansions, potentially impacting future earnings and growth.
3. Discount Rate in Valuation Models: Interest rates play a critical role in determining the discount rate used in valuation models, such as discounted cash flow (DCF) analysis. An increase in interest rates typically leads to a higher discount rate, which reduces the present value of future cash flows and can negatively impact the company’s valuation.
4. Economic Activity: Higher interest rates can lead to slower economic growth, affecting demand for Schneider Electric’s products and services. If consumer and business spending decline, it could negatively impact sales and, consequently, earnings and cash flow.
5. Foreign Exchange Sensitivity: As a global company, Schneider Electric’s earnings may also be influenced by exchange rate fluctuations, which can be affected by interest rate differentials between countries. Changes in interest rates can strengthen or weaken currencies, impacting the earnings reported in euros.
In summary, Schneider Electric’s earnings, cash flow, and valuation are sensitive to interest rate changes, primarily through mechanisms related to cost structure, investment strategies, valuation methodologies, economic growth, and foreign exchange impacts. The exact sensitivity will depend on the company’s financial structure, debt levels, and market conditions.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgU2 NobmVpZGVy IEVsZWN0cm lj4oCZcyBl Y29ub21pY3 Mgb3ZlciB0 aGUgbmV4dC AzLTUgeWVh cnMgaXMgYS BzaWduaWZp Y2FudCBhbm Qgc3VzdGFp bmVkIGRvd2 50dXJuIGlu IHRoZSBnbG 9iYWwgY29u c3RydWN0aW 9uIGFuZCBp bmZyYXN0cn VjdHVyZSBz ZWN0b3JzLC Bjb3VwbGVk IHdpdGggaG VpZ2h0ZW5l ZCByZWd1bG F0b3J5IGNo YWxsZW5nZX MgcmVnYXJk aW5nIGNsaW 1hdGUgYW5k IHN1c3RhaW 5hYmlsaXR5 Ljxicj5Bcy BhIGxlYWRp bmcgcHJvdm lkZXIgb2Yg ZW5lcmd5IG 1hbmFnZW1l bnQgYW5kIG F1dG9tYXRp b24gc29sdX Rpb25zLCBT Y2huZWlkZX IgRWxlY3Ry aWPigJlzIH JldmVudWVz IGFyZSBjbG 9zZWx5IHRp ZWQgdG8gaW 52ZXN0bWVu dHMgaW4gaW 5mcmFzdHJ1 Y3R1cmUsIG NvbnN0cnVj dGlvbiwgYW 5kIHRoZSBh ZG9wdGlvbi BvZiBuZXcg dGVjaG5vbG 9naWVzLiBJ ZiB0aGVzZS BzZWN0b3Jz IGV4cGVyaW VuY2Ugc2V2 ZXJlIGNvbn RyYWN0aW9u 4oCUZHVlIH RvIGZhY3Rv cnMgc3VjaC BhcyBhIHJl Y2Vzc2lvbi wgc3VwcGx5 IGNoYWluIG Rpc3J1cHRp b25zLCBvci BzY2FsaW5n IGJhY2sgaW 4gcHVibGlj IGluZnJhc3 RydWN0dXJl IHByb2plY3 Rz4oCUdGhp cyB3b3VsZC BsaWtlbHkg bGVhZCB0by BhIHNoYXJw IGRlY2xpbm UgaW4gZGVt YW5kIGZvci BTY2huZWlk ZXLigJlzIH Byb2R1Y3Rz IGFuZCBzZX J2aWNlcy4g RnVydGhlcm 1vcmUsIGlm IHJlZ3VsYX RvcnkgcHJl c3N1cmVzIH dlcmUgdG8g aW5jcmVhc2 UsIHJlcXVp cmluZyBhZG RpdGlvbmFs IGludmVzdG 1lbnQgaW4g Y29tcGxpYW 5jZSBvciBs ZWFkaW5nIH RvIHBlbmFs dGllcyBmb3 Igbm9jb21w bGlhbmNlLC B0aGUgY29t cGFueeKAmX Mgb3BlcmF0 aW5nIGNvc3 RzIGNvdWxk IHJpc2Ugc2 lnbmlmaWNh bnRseS48Yn I+SW4gc3Vj aCBhIHNjZW 5hcmlvLCBT Y2huZWlkZX IgRWxlY3Ry aWPigJlzIG 1hcmdpbnMg d291bGQgbG lrZWx5IGRl Y2xpbmUgZH VlIHRvIHJl ZHVjZWQgc2 FsZXMgdm9s dW1lcyBhbm QgaW5jcmVh c2VkIGNvc3 RzLiBUaGUg Y29tcGFueS BtaWdodCBi ZSBmb3JjZW QgdG8gbG93 ZXIgcHJpY2 VzIHRvIG1h aW50YWluIG 1hcmtldCBz aGFyZSBpbi BhIGhpZ2hs eSBjb21wZX RpdGl2ZSBl bnZpcm9ubW VudCwgZnVy dGhlciBzcX VlZXppbmcg cHJvZml0IG 1hcmdpbnMu IENhc2ggZm xvdyBjb3Vs ZCBiZSBhZH ZlcnNlbHkg YWZmZWN0ZW QgZHVlIHRv IGxvd2VyIH JldmVudWVz IGNvbWJpbm VkIHdpdGgg Zml4ZWQgb3 BlcmF0aW5n IGNvc3RzLi BJZiBjdXN0 b21lcnMgZG VsYXkgb3Ig Y2FuY2VsIG 9yZGVycywg dGhlIHdvcm tpbmcgY2Fw aXRhbCBjeW NsZSB3b3Vs ZCBsZW5ndG hlbiwgYWZm ZWN0aW5nIG xpcXVpZGl0 eSBhbmQgbG VhZGluZyB0 byBwb3Rlbn RpYWwgY2Fz aCBmbG93IG NvbnN0cmFp bnRzLjxicj 5XaXRoIHJl c3BlY3QgdG 8gaXRzIGJh bGFuY2Ugc2 hlZXQsIHBy b2xvbmdlZC BlY29ub21p YyBwcmVzc3 VyZXMgY291 bGQgaW1wYW lyIFNjaG5l aWRlciBFbG VjdHJpY+KA mXMgYXNzZX Rz4oCUcGFy dGljdWxhcm x5IGlmIHRo ZXkgaG9sZC BzaWduaWZp Y2FudCBpbn ZlbnRvcnkg b3IgcmVjZW l2YWJsZXMg d2l0aCBjbG llbnRzIGZh Y2luZyB0aG VpciBvd24g ZmluYW5jaW FsIGRpZmZp Y3VsdGllcy 4gSWYgcmV2 ZW51ZXMgZm FsbCBzaWdu aWZpY2FudG x5LCB0aGUg Y29tcGFueS BtaWdodCBu ZWVkIHRvIH Rha2Ugb24g YWRkaXRpb2 5hbCBkZWJ0 IHRvIG1haW 50YWluIG9w ZXJhdGlvbn MsIHdoaWNo IGNvdWxkIG VsZXZhdGUg bGV2ZXJhZ2 UgcmF0aW9z IGFuZCB3ZW FrZW4gaXRz IGVxdWl0eS Bwb3NpdGlv bi4gPGJyPk luIHRoZSBs b25nIHRlcm 0sIHN1c3Rh aW5lZCBhZH ZlcnNlIGVj b25vbWljIG NvbmRpdGlv bnMgY291bG QgZXJvZGUg aW52ZXN0b3 IgY29uZmlk ZW5jZSwgcG 90ZW50aWFs bHkgbGVhZG luZyB0byBh IGRlcHJlc3 NlZCBzdG9j ayBwcmljZS 4gVGhpcyBj b3VsZCBmdX J0aGVyIGxp bWl0IFNjaG 5laWRlciBF bGVjdHJpY+ KAmXMgYWJp bGl0eSB0by ByYWlzZSBj YXBpdGFsIG ZvciBmdXR1 cmUgaW52ZX N0bWVudHMg b3IgYWNxdW lzaXRpb25z LCBoaW5kZX JpbmcgaXRz IGdyb3d0aC Bwcm9zcGVj dHMuPGJyPk luIHN1bW1h cnksIHN1Y2 ggYSBzY2Vu YXJpbyBjb3 VsZCBsZWFk IHRvIGxvd2 VyIG1hcmdp bnMsIHJlZH VjZWQgY2Fz aCBmbG93IH N0YWJpbGl0 eSwgYW5kIG Egd2Vha2Vu ZWQgYmFsYW 5jZSBzaGVl dCwgcGxhY2 luZyBTY2hu ZWlkZXIgRW xlY3RyaWMg aW4gYSBjaG FsbGVuZ2lu ZyBwb3NpdG lvbiBmb3Ig cmVjb3Zlcn kgYW5kIGdy b3d0aCBpbi B0aGUgeWVh cnMgdG8gZm 9sbG93Ljxi cj4=

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 bG9nb3MvQj NoZ2hFS2dS VzBHSEpydm xLYjUud2Vi cCIgYWx0PS JTY2huZWlk ZXIgRWxlY3 RyaWMiIHRp dGxlPSJTY2 huZWlkZXIg RWxlY3RyaW MiICBjbGFz cz0iaW1nLW ZsdWlkIiBo ZWlnaHQ9NT Agd2lkdGg9 NTAgbG9hZG luZz0nbGF6 eScgc3R5bG U9J2JvcmRl ci1yYWRpdX M6IDZweDsn PgoKICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdmbG V4OiAxOyB0 ZXh0LWFsaW duOiBjZW50 ZXI7IG1hcm dpbi1sZWZ0 OiA1cHg7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPHAgc3 R5bGU9J2Zv bnQtc2l6ZT ogMjZweDsg Y29sb3I6IC MzMzM7IG1h cmdpbi1ib3 R0b206IDE1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIPCfk4 ggV2FudCB0 byByZWFkIG 1vcmUgYWJv dXQgU2Nobm VpZGVyIEVs ZWN0cmljPw 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+SoSBMZW FybiBzbWFy dGVyIHN0b2 NrIHBpY2tz IHdpdGggPG k+IlRoZSBD aGVja2xpc3 QgVmFsdWUg SW52ZXN0b3 Ig4oCUIEEg U21hcnRlci BXYXkgdG8g UGljayBTdG 9ja3MiPC9p PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8IS0t CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxkaXYg c3R5bGU9J2 1hcmdpbi10 b3A6IDEycH g7IGZvbnQt c2l6ZTogMT NweDsgY29s b3I6ICM0ND Q7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIFNpZ24g dXAgbm93IG FuZCBnZXQg b3VyIGZyZW UgZUJvb2sg CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 Yj5UaGUgQ2 hlY2tsaXN0 IFZhbHVlIE ludmVzdG9y IOKAlCBBIF NtYXJ0ZXIg V2F5IHRvIF BpY2sgU3Rv Y2tzPC9iPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgLS0+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwhLS0KIC AgICAgICAg ICAgICAgIC AgICAgICAg PGRpdiBzdH lsZT0nbWFy Z2luLXRvcD ogMTZweDsg Zm9udC1zaX plOiAxNHB4 OyBjb2xvcj ogIzQ0NDsg Zm9udC1mYW 1pbHk6IC1h cHBsZS1zeX N0ZW0sIEJs aW5rTWFjU3 lzdGVtRm9u dCwgU2Vnb2 UgVUksIFJv Ym90bywgSG VsdmV0aWNh IE5ldWUsIH NhbnMtc2Vy aWY7IGxpbm UtaGVpZ2h0 OiAxLjY7Jz 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIE hhdmUgeW91 IGhlYXJkIG Fib3V0IG91 ciBzaG9ydC A8c3Ryb25n IHN0eWxlPS dmb250LXdl aWdodDogNj AwOyc+RGFp bHkgVmlkZW 8gTmV3c2xl dHRlcjwvc3 Ryb25nPj8K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIDxh IGhyZWY9J2 h0dHBzOi8v d3d3Lmluc2 lnaHRmdWx2 YWx1ZS5jb2 0vbmV3c2xl dHRlci5waH AnIHRhcmdl dD0nX2JsYW 5rJyBzdHls ZT0nY29sb3 I6ICMwMDdC RkY7IHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsgZm9u dC13ZWlnaH Q6IDUwMDsg bWFyZ2luLW xlZnQ6IDZw eDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIE ZpbmQgb3V0 IG1vcmUKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvYT 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAK ICAgICAgIC AKICAgICAg ICA8c3Bhbi BjbGFzcz0n Ymx1cnJlZC 10ZXh0Jz4K ICAgICAgIC AgICAgTVM0 Z1UyTm9ibS BWcFpHVnlJ RVZzIFpXTj BjbWxqSUcg bHpJR0VnYl hWcyBkR2x1 WVhScGIyID VoYkNCamIz SncgYjNKaG RHbHZiaSBC MGFHRjBJSE 53IFpXTnBZ V3hwZW0gVn pJR2x1SUdW dSBaWEpuZV NCdFlXIDVo WjJWdFpXNT AgSUdGdVpD QmhkWCBSdm JXRjBhVzl1 IElITnZiSF YwYVcgOXVj eTQ4WW5JKy BNaTRnVkdo bElHIE52Yl hCaGJua2cg ZDJGeklHWn ZkVyA1a1pX UWdhVzRnIE 1UZ3pOaUJp ZVMgQmljbT kwYUdWeSBj eUJGZFdmRH FHIDVsSUdG dVpDQkIgWk c5c2NHaGxJ RiBOamFHNW xhV1JsIGNp QnBiaUJNWl MgQkRjbVYx YzI5MCBMQ0 JHY21GdVky IFV1UEdKeV BqTXUgSUU5 eWFXZHBibS BGc2JIa3NJ Rk5qIGFHNW xhV1JsY2kg QjNZWE1nWV NCeiBkR1Zs YkNCd2NtID lrZFdOMGFX OXUgSUdOdm JYQmhibiBr Z2EyNXZkMj RnIFlYTWdV Mk5vYm0gVn BaR1Z5SUdW MCBJRU5wWl M0OFluIEkr TkM0Z1NXNG cgTVRrd015 d2dVMiBOb2 JtVnBaR1Z5 IElHVjRjR0 Z1WkcgVmtJ R2x1ZEc4Zy BkR2hsSUdW c1pXIE4wY2 1sallXd2cg YldGdWRXWm hZMyBSMWNt bHVaeUJwIG JtUjFjM1J5 ZVMgQmhibV FnWTJoaCBi bWRsWkNCcG RIIE1nYm1G dFpTQjAgYn lCVFkyaHVa VyBsa1pYSW daWFFnIFEy bGxJR1YwSU YgTnZZMm5E cVhURCBxU0 JNWlhNZ1FY IFJsYkdsbG NuTWcgWkdV Z1kyOXVjMy BSeWRXTjBh Vzl1IGN5RE RxV3hsWTMg UnlhWEYxWl hNZyBaR1Vn UTJoaGNtIH hsY205cExq eGkgY2o0MU xpQlRZMiBo dVpXbGtaWE lnIFJXeGxZ M1J5YVcgTW dhR0Z6SUdF ZyBjSEpsYz JWdVkyIFVn YVc0Z2IzWm wgY2lBeE1E QWdZMiA5MW JuUnlhV1Z6 IElHRnVaQ0 JsYlggQnNi M2x6SUc5Mi BaWElnTVRN M0xEIEF3TU NCd1pXOXcg YkdVdVBHSn lQaiBZdUlG Um9aU0JqIG IyMXdZVzU1 SUcgbHpJR0 VnYkdWaCBa R1Z5SUdsdU lHIFJwWjJs MFlXd2cgZE hKaGJuTm1i MyBKdFlYUn BiMjRnIFlX NWtJR2hoY3 kgQmhJSE4w Y205dSBaeU JtYjJOMWN5 IEJ2YmlCem RYTjAgWVds dVlXSnBiRy BsMGVTQmhi bVFnIFpXNW xjbWQ1SUcg Vm1abWxqYV dWdSBZM2t1 UEdKeVBqIG N1SUZOamFH NWwgYVdSbG NpQkZiRyBW amRISnBZK0 tBIG1YTWdj SEp2WkggVm pkSE1nY21G dSBaMlVnWm 5KdmJTIEJq YVhKamRXbD AgSUdKeVpX RnJaWCBKek lHRnVaQ0Jq IGIyNTBjbT lzSUggTjVj M1JsYlhNZy BkRzhnWkdG MFlTIEJqWl c1MFpYSWcg YVc1bWNtRn pkSCBKMVkz UjFjbVVnIF lXNWtJR1Z1 WlggSm5lU0 J0WVc1aCBa MlZ0Wlc1ME lIIE52Wm5S M1lYSmwgTG p4aWNqNDRM aSBCVWFHVW dZMjl0IGNH RnVlU0JvWV ggTWdZU0J6 ZEhKdiBibW NnWTI5dGJX IGwwYldWdW RDQjAgYnlC amIzSndiMy BKaGRHVWdj MjlqIGFXRn NJSEpsYzMg QnZibk5wWW 1scyBhWFI1 TENCaGJtIF FnYUdGeklI SmwgWTJWcG RtVmtJRyA1 MWJXVnliM1 Z6IElHRjNZ WEprY3kgQm 1iM0lnYVhS eiBJR1ZtWm 05eWRIIE1n YVc0Z2MzVn ogZEdGcGJt RmlhVyB4cG RIa2dZVzVr IElITnZZMm xoYkMgQnBi WEJoWTNRdS BQR0p5UGpr dUlGIE5qYU c1bGFXUmwg Y2lCRmJHVm pkSCBKcFl5 Qm9ZWE1nIF ltVmxiaUJz YVggTjBaV1 FnYjI0ZyBk R2hsSUVSdm R5IEJLYjI1 bGN5QlQgZF hOMFlXbHVZ VyBKcGJHbD BlU0JKIGJt UmxlQ0JoYm 0gUWdkR2hs SUVaVSBVMF UwUjI5dlpD IEJKYm1SbG VDd2cgZDJo cFkyZ2djbS BWamIyZHVh WHBsIElHTn ZiWEJoYm0g bGxjeUJtYj NJZyBkR2hs YVhJZ1pXIE 52Ym05dGFX TXMgSUdWdW RtbHliMiA1 dFpXNTBZV3 dzIElHRnVa Q0J6YjIgTn BZV3dnY0dW eSBabTl5Yl dGdVkyIFV1 UEdKeVBqRX cgTGlCSmJp QXlNRCBFNU xDQlRZMmh1 IFpXbGtaWE lnUlcgeGxZ M1J5YVdNZy BkMkZ6SUhK aGJtIHRsWk NCaGN5QjAg YUdVZ09IUm 9JRyAxdmMz UWdjM1Z6IG RHRnBibUZp YkcgVWdZMj l0Y0dGdSBl U0JwYmlCMG FHIFVnZDI5 eWJHUWcgWW 5rZ1EyOXlj RyA5eVlYUm xJRXR1IGFX ZG9kSE11UE cgSnlQakV4 TGlCVSBhR1 VnWTI5dGNH IEZ1ZVNCb1 lYTWcgWVd4 emJ5QnRZVy BSbElITnBa MjVwIFptbG pZVzUwSUcg bHVkbVZ6ZE cxbCBiblJ6 SUdsdUlHIG x1Ym05MllY UnAgYjI0c0 lITjFZMiBn Z1lYTWdhWF J6IElFbHVi bTkyWVggUn BiMjRnWVhR ZyBkR2hsSU VWa1oyIFVn Y0hKdlozSm ggYlNCM2FH bGphQyBCbW IyTjFjMlZ6 IElHOXVJR1 p2YzMgUmxj bWx1WnlCbC BiblJ5WlhC eVpXIDVsZF hKemFHbHcg SUdGdVpDQm taWCBabGJH OXdhVzVuIE lHNWxkeUJw WkcgVmhjeT Q4WW5JKyBN VEl1SUZOam FHIDVsYVdS bGNpQkYgYk dWamRISnBZ eSBCb1lYTW dZU0J3IFlY SjBibVZ5Yz IgaHBjQ0Iz YVhSbyBJSF JvWlNCVGIy IHhoY2lCSm JYQjEgYkhO bElFWnZkVy A1a1lYUnBi MjRzIElIZG 9hV05vSUcg RnBiWE1nZE c4ZyBhV1Js Ym5ScFpuIG tnWVc1a0lI QnkgYjIxdm RHVWdZMiB4 bFlXNGdZVz VrIElIQnli MlpwZEcgRm liR1VnYzI5 cyBkWFJwYj I1ekxqIHhp Y2o0eE15NG cgU1c0Z01q QXlNQyB3Z1 UyTm9ibVZw IFpHVnlJRV ZzWlcgTjBj bWxqSUhkaC BjeUJ1WVcx bFpDIEJoY3 lCdmJtVWcg YjJZZ1JtOX lZbSBWejRv Q1pJRUpsIG MzUWdSVzF3 YkcgOTVaWE p6SUdadiBj aUJFYVhabG NuIE5wZEhr Z1ptOXkgSU hSb1pTQnpa VyBOdmJtUW dlV1ZoIGNp QnBiaUJoSU ggSnZkeTQ4 WW5JKyBNVF F1SUZSb1pT IEJqYjIxd1 lXNTUgSUdo aGN5QmhJSC BOMGNtOXVa eUJqIGIyMX RhWFJ0Wlcg NTBJSFJ2SU dkbCBibVJs Y2lCa2FYIF psY25OcGRI a2cgWVc1a0 lHaGhjeSBC aVpXVnVJR0 ZqIGEyNXZk MnhsWkcgZG xaQ0JwYmlC QyBiRzl2Yl dKbGNtIGZp Z0pseklFZG wgYm1SbGNp MUZjWCBWaG JHbDBlU0JK IGJtUmxlQz Q4WW4gSStN VFV1SUZOai BhRzVsYVdS bGNpIEJGYk dWamRISnAg WXlCb1lYTW dZUyBCc2Iy NW5JR2hwIG MzUnZjbmtn YjIgWWdjM1 Z3Y0c5eSBk R2x1WnlCem IyIE5wWVd3 Z1lXNWsgSU doMWJXRnVh WCBSaGNtbG hiaUJqIFlY VnpaWE1zSU cgbHVZMngx WkdsdSBaeU J3Y205MmFX IFJwYm1jZ1 pXeGwgWTNS eWFXTnBkSC BrZ2RHOGdj blZ5IFlXd2 dZMjl0Ylgg VnVhWFJwWl hNZyBhVzRn WkdWMlpXIH h2Y0dsdVp5 QmogYjNWdW RISnBaWCBN Z2RHaHliM1 ZuIGFDQjBh R1ZwY2kgQk JZMk5sYzNN ZyBkRzhnUl c1bGNtIGQ1 SUhCeWIyZH kgWVcwdQog ICAgICAgID wvc3Bhbj4K ICAgICAgIC AKICAgICAg ICA=