Vulcan Materials Company

Live  

Vulcan Materials Company is a publicly-traded leading producer of construction aggregates, primarily crushed stone, sand, and gravel, as well as producing asphalt and ready-mixed concrete. The company was founded in 1909 and is headquartered in Birmingham, Alabama.
Vulcan Materials operates over 300 aggregate facilities, including quarries, mines, and distribution yards, as well as more than 100 ready-mix plants and over 20 asphalt facilities in 20 states, the District of Columbia, and Mexico. The company's largest operations are located in the Southeastern and Mid-Atlantic regions of the United States.
The company employs approximately 8,200 people and has a strong commitment to safety and sustainability, implementing innovative and efficient practices to reduce its environmental impact.
In addition to its core construction materials business, Vulcan also has several strategic business units, including Vulcan Construction Materials, Vulcan Energy Corporation, and Vulcan Lands.
Vulcan Materials is listed on the New York Stock Exchange under the ticker symbol VMC and is a component of the S&P 500 index. The company reported revenues of over $4 billion in 2020.

VnVsY2FuIE 1hdGVyaWFs cyBDb21wYW 55IGlzIGEg YmlnIGJ1c2 luZXNzIHRo YXQgaGVscH MgY3JlYXRl IHRoaW5ncy BsaWtlIHJv YWRzLCBidW lsZGluZ3Ms IGFuZCBicm lkZ2VzLiBU aGV5IGRvIH RoaXMgYnkg bWFraW5nIG FuZCBzZWxs aW5nIG1hdG VyaWFscyBu ZWVkZWQgZm 9yIGNvbnN0 cnVjdGlvbi wgbWFpbmx5 IHJvY2tzLC BncmF2ZWws IGFuZCBzYW 5kLiBUaGlu ayBvZiB0aG VtIGxpa2Ug YSBzcGVjaW FsIGZhY3Rv cnkgdGhhdC B0dXJucyBs YXJnZSBwaW VjZXMgb2Yg ZWFydGggaW 50byBzbWFs bGVyIHBpZW NlcyB0aGF0 IGJ1aWxkZX JzIGNhbiB1 c2UgdG8gbW FrZSB0aGlu Z3Mgd2Ugc2 VlIGV2ZXJ5 IGRheS48Yn I+VGhlIHdh eSBWdWxjYW 4gbWFrZXMg bW9uZXkgaX MgYnkgc2Vs bGluZyB0aG VzZSBtYXRl cmlhbHMgdG 8gY29uc3Ry dWN0aW9uIG NvbXBhbmll cywgd2hpY2 ggYXJlIGFs d2F5cyBidW lsZGluZyBu ZXcgcm9hZH MsIGhvdXNl cywgYW5kIH NjaG9vbHMu IFdoZW5ldm VyIHNvbWVv bmUgd2FudH MgdG8gYnVp bGQgc29tZX RoaW5nLCB0 aGV5IG5lZW QgVnVsY2Fu 4oCZcyBtYX RlcmlhbHMg dG8gZ2V0IH N0YXJ0ZWQu IFRoZSBtb3 JlIGNvbnN0 cnVjdGlvbi B0aGF0IGhh cHBlbnMsIH RoZSBtb3Jl IG1hdGVyaW FscyBWdWxj YW4gc2VsbH MsIHdoaWNo IG1ha2VzIH RoZW0gbW9u ZXkuPGJyPl Z1bGNhbiBp cyBzdWNjZX NzZnVsIGZv ciBhIGZldy ByZWFzb25z LiBGaXJzdC wgdGhlcmUg aXMgYWx3YX lzIGEgbmVl ZCBmb3Igbm V3IGJ1aWxk aW5ncyBhbm Qgcm9hZHMs IGVzcGVjaW FsbHkgYXMg bW9yZSBwZW 9wbGUgbW92 ZSB0byBjaX RpZXMgYW5k IG5lZWQgcG xhY2VzIHRv IGxpdmUgYW 5kIHdvcmsu IFNlY29uZC wgdGhleSBo YXZlIHRvbn Mgb2YgZXhw ZXJpZW5jZS wgd2hpY2gg bWFrZXMgdG hlbSByZWFs bHkgZ29vZC BhdCB3aGF0 IHRoZXkgZG 8uIFRoZXkg aGF2ZSBxdW Fycmllcywg d2hlcmUgdG hleSBkaWcg dXAgdGhlIG 1hdGVyaWFs cywgaW4gbW FueSBwYXJ0 cyBvZiB0aG UgY291bnRy eSwgc28gdG hleSBjYW4g Z2V0IHdoYX QgdGhleSBu ZWVkIGNsb3 NlIHRvIHdo ZXJlIGl04o CZcyBnb2lu ZyB0byBiZS B1c2VkLiBU aGlzIHNhdm VzIHRpbWUg YW5kIG1vbm V5Ljxicj5M b29raW5nIH RvIHRoZSBm dXR1cmUsIF Z1bGNhbiBp cyBsaWtlbH kgdG8gc3Rh eSBzdWNjZX NzZnVsLiBB cyBjaXRpZX MgZ3JvdyBh bmQgcGVvcG xlIGJ1aWxk IG1vcmUsIH RoZXnigJls bCBzdGlsbC BuZWVkIG1h dGVyaWFscy Bmcm9tIGNv bXBhbmllcy BsaWtlIFZ1 bGNhbi4gQW xzbywgdGhl eSBhcmUgd2 9ya2luZyBv biBiZWluZy BiZXR0ZXIg Zm9yIHRoZS BlbnZpcm9u bWVudCBieS Bsb29raW5n IGZvciB3YX lzIHRvIHJl Y3ljbGUgbW F0ZXJpYWxz IGFuZCByZW R1Y2Ugd2Fz dGUuIFRoaX MgbWVhbnMg dGhleSBjYW 4ga2VlcCBo ZWxwaW5nIH RvIGJ1aWxk IHRoaW5ncy B3aGlsZSBh bHNvIHRha2 luZyBjYXJl IG9mIG91ci BwbGFuZXQu IFNvLCBhcy B0aGUgd29y bGQgY2hhbm dlcyBhbmQg Z3Jvd3MsIF Z1bGNhbiBN YXRlcmlhbH MgQ29tcGFu eSB3aWxsIG NvbnRpbnVl IHRvIGJlIG ltcG9ydGFu dCBhbmQgc3 VjY2Vzc2Z1 bCE8YnI+

VGhlcmUgYX JlIGEgZmV3 IGtleSBmYW N0b3JzIHRo YXQgbWFrZS BWdWxjYW4g TWF0ZXJpYW xzIENvbXBh bnkgdW5pcX VlIGluIHRo ZSBpbmR1c3 RyeTo8YnI+ MS4gTG9uZy 1zdGFuZGlu ZyBoaXN0b3 J5OiBWdWxj YW4gTWF0ZX JpYWxzIENv bXBhbnkgaG FzIGJlZW4g aW4gb3Blcm F0aW9uIGZv ciBvdmVyID EwMCB5ZWFy cywgbWFraW 5nIGl0IG9u ZSBvZiB0aG Ugb2xkZXN0 IGFuZCBtb3 N0IGVzdGFi bGlzaGVkIG NvbXBhbmll cyBpbiB0aG UgY29uc3Ry dWN0aW9uIG 1hdGVyaWFs cyBpbmR1c3 RyeS48YnI+ Mi4gU2NhbG Ugb2Ygb3Bl cmF0aW9ucz ogVGhlIGNv bXBhbnkgaX MgdGhlIGxh cmdlc3QgcH JvZHVjZXIg b2YgY29uc3 RydWN0aW9u IGFnZ3JlZ2 F0ZXMgaW4g dGhlIFVuaX RlZCBTdGF0 ZXMsIHdpdG ggb3ZlciAz MDAgYWN0aX ZlIHF1YXJy aWVzIGFuZC BkaXN0cmli dXRpb24gZm FjaWxpdGll cyBhY3Jvc3 MgdGhlIGNv dW50cnkuIF RoaXMgc2Nh bGUgYWxsb3 dzIFZ1bGNh biB0byBzZX J2ZSBhIHdp ZGUgcmFuZ2 Ugb2YgY3Vz dG9tZXJzIG FuZCBwcm9q ZWN0cy48Yn I+My4gRGl2 ZXJzZSBwcm 9kdWN0IG9m ZmVyaW5ncz ogVW5saWtl IHNvbWUgb2 YgaXRzIGNv bXBldGl0b3 JzIHdobyBm b2N1cyBvbi BhIHNwZWNp ZmljIHR5cG Ugb2YgY29u c3RydWN0aW 9uIG1hdGVy aWFsLCBWdW xjYW4gTWF0 ZXJpYWxzIE NvbXBhbnkg b2ZmZXJzIG Egd2lkZSBy YW5nZSBvZi Bwcm9kdWN0 cyBpbmNsdW RpbmcgY3J1 c2hlZCBzdG 9uZSwgc2Fu ZCwgZ3Jhdm VsLCBhbmQg YXNwaGFsdC 48YnI+NC4g RW1waGFzaX Mgb24gc3Vz dGFpbmFiaW xpdHk6IFRo ZSBjb21wYW 55IGhhcyBt YWRlIGEgY2 9tbWl0bWVu dCB0byBzdX N0YWluYWJp bGl0eSBhbm Qgc3RyaXZl cyB0byBtaW 5pbWl6ZSBp dHMgZW52aX Jvbm1lbnRh bCBpbXBhY3 QgdGhyb3Vn aCByZXNwb2 5zaWJsZSBs YW5kIG1hbm FnZW1lbnQs IHJlc291cm NlIGNvbnNl cnZhdGlvbi wgYW5kIGVu ZXJneSBlZm ZpY2llbmN5 Ljxicj41Li BTdHJvbmcg ZmluYW5jaW FsIHBlcmZv cm1hbmNlOi BWdWxjYW4g TWF0ZXJpYW xzIENvbXBh bnkgaXMgY2 9uc2lzdGVu dGx5IHJlY2 9nbml6ZWQg Zm9yIGl0cy BmaW5hbmNp YWwgc3RhYm lsaXR5IGFu ZCBwcm9maX RhYmxlIG9w ZXJhdGlvbn MsIG1ha2lu ZyBpdCBhIH JlbGlhYmxl IGNob2ljZS Bmb3IgY3Vz dG9tZXJzLC BpbnZlc3Rv cnMsIGFuZC BlbXBsb3ll ZXMgYWxpa2 UuPGJyPjYu IENvbW1pdG 1lbnQgdG8g c2FmZXR5Oi BTYWZldHkg aXMgYSB0b3 AgcHJpb3Jp dHkgZm9yIF Z1bGNhbiwg YW5kIHRoZS Bjb21wYW55 IGhhcyBpbX BsZW1lbnRl ZCByaWdvcm 91cyBzYWZl dHkgcHJhY3 RpY2VzIGFu ZCB0cmFpbm luZyBwcm9n cmFtcyB0by BlbnN1cmUg dGhlIHdlbG wtYmVpbmcg b2YgaXRzIG VtcGxveWVl cyBhbmQgdG hvc2Ugd2hv IGludGVyYW N0IHdpdGgg dGhlaXIgb3 BlcmF0aW9u cy48YnI+Ny 4gQ29ycG9y YXRlIHNvY2 lhbCByZXNw b25zaWJpbG l0eTogVnVs Y2FuIE1hdG VyaWFscyBD b21wYW55IG lzIGNvbW1p dHRlZCB0by BnaXZpbmcg YmFjayB0by B0aGUgY29t bXVuaXRpZX MgaW4gd2hp Y2ggaXQgb3 BlcmF0ZXMu IFRoZSBjb2 1wYW55IGFj dGl2ZWx5IH N1cHBvcnRz IHZhcmlvdX MgY2hhcml0 YWJsZSBjYX VzZXMgYW5k IGVuY291cm FnZXMgZW1w bG95ZWUgaW 52b2x2ZW1l bnQgaW4gdm 9sdW50ZWVy IGFjdGl2aX RpZXMu

VGhlIFZ1bG NhbiBNYXRl cmlhbHMgQ2 9tcGFueSBp cyBhIGxlYW RpbmcgcHJv ZHVjZXIgb2 YgY29uc3Ry dWN0aW9uIG FnZ3JlZ2F0 ZXMgKHByaW 1hcmlseSBj cnVzaGVkIH N0b25lLCBz YW5kLCBhbm QgZ3JhdmVs KSBhbmQgYS BtYWpvciBw cm9kdWNlci BvZiBvdGhl ciBjb25zdH J1Y3Rpb24g bWF0ZXJpYW xzIHN1Y2gg YXMgYXNwaG FsdCBhbmQg cmVhZHktbW l4ZWQgY29u Y3JldGUuIF RoZWlyIGJ1 c2luZXNzIG 1vZGVsIGlz IGJhc2VkIG 9uIHN1cHBs eWluZyB0aG VzZSBtYXRl cmlhbHMgZm 9yIHZhcmlv dXMgY29uc3 RydWN0aW9u IHByb2plY3 RzLCBpbmNs dWRpbmcgaG lnaHdheXMs IGFpcnBvcn RzLCBhbmQg Y29tbWVyY2 lhbCBhbmQg cmVzaWRlbn RpYWwgZGV2 ZWxvcG1lbn QuIFRoZXkg YWxzbyBwcm 92aWRlIHJl bGF0ZWQgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzIHN1 Y2ggYXMgdH JhbnNwb3J0 YXRpb24gYW 5kIGxvZ2lz dGljcyBmb3 IgdGhlaXIg bWF0ZXJpYW xzLCBhbmQg bGFuZCBkZX ZlbG9wbWVu dCBzZXJ2aW Nlcy4gVGhp cyBidXNpbm VzcyBtb2Rl bCBhbGxvd3 MgVnVsY2Fu IE1hdGVyaW FscyBDb21w YW55IHRvIG dlbmVyYXRl IHJldmVudW UgdGhyb3Vn aCB0aGUgc2 FsZSBvZiB0 aGVpciBwcm 9kdWN0cyBh bmQgc2Vydm ljZXMgdG8g Y3VzdG9tZX JzIGluIHRo ZSBjb25zdH J1Y3Rpb24g aW5kdXN0cn kuIFRoZXkg YWxzbyBmb2 N1cyBvbiBz dXN0YWluYW JsZSBwcmFj dGljZXMgYW 5kIGVudmly b25tZW50YW wgc3Rld2Fy ZHNoaXAgaW 4gdGhlaXIg b3BlcmF0aW 9ucy4=

The potential threat posed by AI to Vulcan Materials Company’s products, services, or competitive positioning can be analyzed through several lenses: substitution, disintermediation, and margin pressure.
1. Substitution: While AI itself might not directly substitute Vulcan’s core products, such as aggregates and construction materials, its applications could lead to alternative building methods or materials. Innovations such as 3D printing and advanced composite materials, enhanced by AI, could provide construction solutions that reduce reliance on traditional materials. This may lead to a long-term threat if these alternatives gain significant traction in the construction industry.
2. Disintermediation: AI can improve efficiencies in supply chain management, logistics, and project management, potentially reducing the need for certain intermediaries in the construction process. This could streamline operations and allow companies to work more directly with material suppliers, thereby impacting Vulcan’s traditional distribution channels. If competitors leverage AI to create more efficient processes or platforms, it could undercut Vulcan’s market presence.
3. Margin Pressure: The use of AI can lead to increased competition within the materials industry by enabling new entrants to optimize resource allocation and lower costs. This heightened competition could result in margin pressure for established companies like Vulcan Materials. Furthermore, if AI-driven analytics lead to more precise forecasting and demand management, prices for aggregates and related products could become more volatile, impacting profitability.
In summary, while Vulcan Materials Company may not face immediate existential threats from AI, the long-term implications of substitution, disintermediation, and margin pressure warrant attention. The company may need to adapt its strategies to incorporate AI advancements effectively and maintain its competitive edge in a rapidly changing industry landscape.

The sensitivity of Vulcan Materials Company’s earnings, cash flow, and valuation to changes in interest rates can be analyzed through several key factors:
1. Cost of Debt: Vulcan Materials, like many companies, relies on debt financing to support its operations and growth initiatives. When interest rates rise, the cost of borrowing increases. This can lead to higher interest expenses, which may reduce net income and free cash flow. Conversely, lower interest rates can decrease borrowing costs, positively impacting earnings.
2. Capital Expenditures: The construction industry, which Vulcan operates in, is sensitive to interest rate changes as they affect the overall economy and demand for construction materials. Higher interest rates can lead to reduced capital expenditures in construction projects, which could lower demand for Vulcan’s products, affecting both revenue and cash flow.
3. Valuation Metrics: Vulcan Materials is typically valued using discounted cash flow (DCF) models and comparable company analysis. Higher interest rates increase the discount rate used in DCF models, which can lower the present value of future cash flows and potentially reduce the company’s valuation. A higher discount rate can also affect investor perceptions and result in lower stock prices.
4. Economic Impact: Changes in interest rates can impact the broader economy. If rates rise significantly, it may slow down economic growth, leading to decreased demand for construction materials, which directly affects Vulcan’s earnings and cash flow. On the other hand, lower rates could stimulate growth and increase demand for construction projects.
5. Market Sensitivity: Vulcan’s stock may exhibit sensitivity to interest rate changes due to investor expectations and market conditions. Higher rates may lead investors to favor bonds or other fixed-income investments over equities, potentially leading to stock price volatility for Vulcan and affecting its valuation.
Overall, while Vulcan Materials Company has strategies in place to manage interest rate risk, its earnings, cash flow, and valuation are inherently sensitive to changes in interest rates due to the interconnectedness of finance costs, demand for construction, and broader economic conditions.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgVn VsY2FuIE1h dGVyaWFscy BDb21wYW55 4oCZcyBlY2 9ub21pY3Mg b3ZlciB0aG UgbmV4dCAz LTUgeWVhcn MgaXMgYSBz aWduaWZpY2 FudCwgcHJv bG9uZ2VkIG Rvd250dXJu IGluIHRoZS Bjb25zdHJ1 Y3Rpb24gc2 VjdG9yIGRy aXZlbiBieS BhIGNvbWJp bmF0aW9uIG 9mIGZhY3Rv cnMgc3VjaC BhcyBhIHNl dmVyZSBlY2 9ub21pYyBy ZWNlc3Npb2 4sIGRyYXN0 aWMgaW5jcm Vhc2VzIGlu IGludGVyZX N0IHJhdGVz LCBhbmQgYS BzaGlmdCB0 b3dhcmRzIH N1c3RhaW5h YmxlIGJ1aW xkaW5nIHBy YWN0aWNlcy B0aGF0IGxp bWl0cyBkZW 1hbmQgZm9y IHRyYWRpdG lvbmFsIG1h dGVyaWFscy 48YnI+SW4g dGhpcyBzY2 VuYXJpbzo8 YnI+MS4gPH N0cm9uZz5F Y29ub21pYy BSZWNlc3Np b248L3N0cm 9uZz46IEEg cmVjZXNzaW 9uIGNvdWxk IGxlYWQgdG 8gcmVkdWNl ZCBjb25zdW 1lciBhbmQg YnVzaW5lc3 Mgc3BlbmRp bmcsIHVsdG ltYXRlbHkg cmVzdWx0aW 5nIGluIGxv d2VyIGRlbW FuZCBmb3Ig Y29uc3RydW N0aW9uIHBy b2plY3RzLi BUaGlzIHdv dWxkIGRpcm VjdGx5IGlt cGFjdCBWdW xjYW7igJlz IHJldmVudW UsIGFzIHRo ZWlyIHByaW 1hcnkgYnVz aW5lc3MgaW 52b2x2ZXMg c3VwcGx5aW 5nIGNvbnN0 cnVjdGlvbi BtYXRlcmlh bHMgZm9yIG luZnJhc3Ry dWN0dXJlIH Byb2plY3Rz LCByZXNpZG VudGlhbCBi dWlsZGluZ3 MsIGFuZCBj b21tZXJjaW FsIGRldmVs b3BtZW50cy 48YnI+Mi4g PHN0cm9uZz 5JbnRlcmVz dCBSYXRlIE luY3JlYXNl czwvc3Ryb2 5nPjogSWYg Y2VudHJhbC BiYW5rcyBy YWlzZSBpbn RlcmVzdCBy YXRlcyBzaW duaWZpY2Fu dGx5IHRvIG NvbWJhdCBp bmZsYXRpb2 4sIGJvcnJv d2luZyBjb3 N0cyB3b3Vs ZCByaXNlLC BtYWtpbmcg aXQgbW9yZS BleHBlbnNp dmUgZm9yIG RldmVsb3Bl cnMgYW5kIG J1aWxkZXJz IHRvIGZpbm FuY2UgbmV3 IHByb2plY3 RzLiBUaGlz IGNvdWxkIG xlYWQgdG8g YSBzbG93ZG 93biBpbiBj b25zdHJ1Y3 Rpb24gc3Rh cnRzIGFuZC Bjb21wbGV0 aW9ucywgZn VydGhlciBy ZWR1Y2luZy BkZW1hbmQg Zm9yIFZ1bG NhbuKAmXMg cHJvZHVjdH MuPGJyPjMu IDxzdHJvbm c+U3VzdGFp bmFiaWxpdH kgU2hpZnQ8 L3N0cm9uZz 46IEFzIGVu dmlyb25tZW 50YWwgcmVn dWxhdGlvbn MgdGlnaHRl biBhbmQgcH VibGljIHBy ZWZlcmVuY2 Ugc2hpZnRz IHRvd2FyZC BncmVlbmVy IGJ1aWxkaW 5nIG1hdGVy aWFscywgVn VsY2Fu4oCZ cyB0cmFkaX Rpb25hbCBv ZmZlcmluZ3 MgbWF5IGZh Y2UgY29tcG V0aXRpb24g ZnJvbSBhbH Rlcm5hdGl2 ZSBtYXRlcm lhbHMgdGhh dCBhcmUgbW 9yZSBzdXN0 YWluYWJsZS BhbmQgZW52 aXJvbm1lbn RhbGx5IGZy aWVuZGx5Li BJZiB0aGUg Y29tcGFueS BmYWlscyB0 byBhZGFwdC BlZmZlY3Rp dmVseSwgaX QgY291bGQg bG9zZSBtYX JrZXQgc2hh cmUuPGJyPk lmIHRoaXMg c2NlbmFyaW 8gcGxheXMg b3V0LCB0aG UgY29tcGFu eeKAmXMgbW FyZ2lucyB3 b3VsZCBsaW tlbHkgY29t cHJlc3Mgc2 lnbmlmaWNh bnRseS4gUm VkdWNlZCBk ZW1hbmQgd2 91bGQgZm9y Y2UgVnVsY2 FuIHRvIGxv d2VyIHByaW NpbmcgdG8g bWFpbnRhaW 4gc2FsZXMg dm9sdW1lcy wgbGVhZGlu ZyB0byBsb3 dlciBncm9z cyBhbmQgb3 BlcmF0aW5n IG1hcmdpbn MuIEFzIHNh bGVzIGRlY2 xpbmUsIHRo ZSBjb21wYW 55IHdvdWxk IGFsc28gZX hwZXJpZW5j ZSBhIGRyb3 AgaW4gY2Fz aCBmbG93IG dlbmVyYXRp b24uIFdpdG ggZGltaW5p c2hlZCBjYX NoIGZsb3dz LCBWdWxjYW 4gbWlnaHQg c3RydWdnbG UgdG8gbWFp bnRhaW4gaX RzIGludmVz dG1lbnQgbG V2ZWxzIGlu IG1haW50ZW 5hbmNlIGFu ZCBleHBhbn Npb24sIHBv dGVudGlhbG x5IGxlYWRp bmcgdG8gYS BkZXRlcmlv cmF0aW9uIG luIGl0cyBj b21wZXRpdG l2ZSBwb3Np dGlvbi48Yn I+T24gdGhl IGJhbGFuY2 Ugc2hlZXQs IHRoZSBpbX BhY3Qgd291 bGQgYmUgbX VsdGlmYWNl dGVkLiBBc3 NldHMgbWF5 IGRlY2xpbm UgYXMgaW52 ZW50b3J5IH R1cm5vdmVy IHNsb3dzLC BsZWFkaW5n IHRvIGFuIG FjY3VtdWxh dGlvbiBvZi B1bnNvbGQg bWF0ZXJpYW xzLiBIaWdo IGZpeGVkIG Nvc3RzIGFz c29jaWF0ZW Qgd2l0aCBx dWFycnkgb3 BlcmF0aW9u cyB3b3VsZC ByZW1haW4s IGV4YWNlcm JhdGluZyB0 aGUgaW1wYW N0IG9mIHJl ZHVjZWQgcm V2ZW51ZXMg b24gcHJvZm l0YWJpbGl0 eS4gSW5jcm Vhc2VkIHVz ZSBvZiBjcm VkaXQgdG8g bWFuYWdlIG Nhc2ggZmxv dyBjb3VsZC BsZWFkIHRv IGEgaGlnaG VyIGRlYnQt dG8tZXF1aX R5IHJhdGlv LCBzdHJhaW 5pbmcgdGhl IGJhbGFuY2 Ugc2hlZXQg ZnVydGhlci 4gSWYgdGhl IGRvd250dX JuIHBlcnNp c3RzLCB0aG UgY29tcGFu eSBtaWdodC BiZSBmb3Jj ZWQgdG8gcm VldmFsdWF0 ZSBpdHMgY2 FwaXRhbCBz dHJ1Y3R1cm UsIHBvdGVu dGlhbGx5IG xlYWRpbmcg dG8gYXNzZX Qgc2FsZXMg b3IgcmVkdW NlZCBkaXZp ZGVuZHMgdG 8gc3RhYmls aXplIGl0cy BmaW5hbmNp YWwgcG9zaX Rpb24uPGJy PkluIHN1bW 1hcnksIGEg Y29tYmluYX Rpb24gb2Yg YSBjb25zdH J1Y3Rpb24g c2VjdG9yIG Rvd250dXJu LCByaXNpbm cgaW50ZXJl c3QgcmF0ZX MsIGFuZCBh IHNoaWZ0IH RvIHN1c3Rh aW5hYmxlIG 1hdGVyaWFs cyBjb3VsZC BzaWduaWZp Y2FudGx5IG ltcGFpciBW dWxjYW4gTW F0ZXJpYWxz IENvbXBhbn nigJlzIGVj b25vbWljcy wgYWZmZWN0 aW5nIGl0cy BtYXJnaW5z LCBjYXNoIG Zsb3csIGFu ZCBiYWxhbm NlIHNoZWV0 IGluIGEgcH JvZm91bmQg YW5kIGxhc3 RpbmcgbWFu bmVyLjxicj 4=

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 bG9nb3MvSE pKSmdack9T S0trMmJZcG lnbXkud2Vi cCIgYWx0PS JWdWxjYW4g TWF0ZXJpYW xzIENvbXBh bnkiIHRpdG xlPSJWdWxj YW4gTWF0ZX JpYWxzIENv bXBhbnkiIC BjbGFzcz0i aW1nLWZsdW lkIiBoZWln aHQ9NTAgd2 lkdGg9NTAg bG9hZGluZz 0nbGF6eScg c3R5bGU9J2 JvcmRlci1y YWRpdXM6ID ZweDsnPgoK ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdmbGV4Oi AxOyB0ZXh0 LWFsaWduOi BjZW50ZXI7 IG1hcmdpbi 1sZWZ0OiA1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PHAgc3R5bG U9J2ZvbnQt c2l6ZTogMj ZweDsgY29s b3I6ICMzMz M7IG1hcmdp bi1ib3R0b2 06IDE1cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IPCfk4ggV2 FudCB0byBy ZWFkIG1vcm UgYWJvdXQg VnVsY2FuIE 1hdGVyaWFs cyBDb21wYW 55PwogICAg ICAgICAgIC AgICAgICAg ICAgICA8L3 A+CgogICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdp bmRleC5waH A/cGFnZT1z aWdudXAnIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJh Y2tncm91bm QtY29sb3I6 ICMwMDdCRk Y7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bjb2xvcjog I2ZmZjsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHBhZG Rpbmc6IDEw cHggMjBweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JvcmRlci1y YWRpdXM6ID VweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHRleHQt ZGVjb3JhdG lvbjogbm9u ZTsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGZvbnQtd2 VpZ2h0OiBi b2xkOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgbWFyZ2 luLXJpZ2h0 OiAxMHB4Ow ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdH JhbnNpdGlv bjogYmFja2 dyb3VuZC1j b2xvciAwLj NzIGVhc2U7 JwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg b25tb3VzZW 92ZXI9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA1 NmIzIicKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIG9ubW 91c2VvdXQ9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA3QkZGIi c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IGZvciBmcm VlCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvYT 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxzcG FuIHN0eWxl PSdtYXJnaW 46IDAgOHB4 OyBjb2xvcj ogIzU1NTsn Pm9yPC9zcG FuPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aW5kZXgucG hwP3BhZ2U9 bG9naW4nIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGNv bG9yOiAjMD A3QkZGOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdGV4 dC1kZWNvcm F0aW9uOiB1 bmRlcmxpbm U7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bmb250LXdl aWdodDogNT AwOyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBsb2cg aW4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgoKCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dtYXJnaW4t dG9wOiAxNX B4OyBmb250 LXNpemU6ID EzcHg7IGZv bnQtd2VpZ2 h0OiBib2xk OyBjb2xvcj ogI2QzMmYy ZjsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+Tmi BZb3VyIGZy ZWUgY29weS BvZiA8aT4i VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr cyI8L2k+IG lzIHdhaXRp bmcKICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIFJX NTJhWEp2Ym 0gMWxiblFz SUdobCBZV3 gwYUNCaGJt IFFnYzJGbV pYUjUgUEdK eVBrOXVaUy BCdlppQjBh R1VnIGJXOX pkQ0J6YVcg ZHVhV1pwWT JGdSBkQ0Jo WTJOdmJYIE JzYVhOb2JX VnUgZEhNZ2 IyWWdkRyBo bElGWjFiR0 5oIGJpQk5Z WFJsY20gbG hiSE1nUTI5 dCBjR0Z1ZV NCcGN5IEJw ZEhNZ1kyOX QgYldsMGJX VnVkQyBCMG J5Qmxiblpw IGNtOXViV1 Z1ZEcgRnNJ SE4wWlhkaC BjbVJ6YUds d0xpIEJVYU dVZ1kyOXQg Y0dGdWVlS0 FtWCBNZ1JX NTJhWEp2IG JtMWxiblJo YkMgQk5ZVz VoWjJWdCBa VzUwSUZONW MzIFJsYlNB b1JVMVQgS1 NCb1lYTWdZ bSBWbGJpQm paWEowIGFX WnBaV1FnZE cgOGdkR2hs SUVsVCBUeU F4TkRBd01T IEJ6ZEdGdV pHRnkgWkNC emFXNWpaUy BBeU1EQXpM Q0JwIGJtUn BZMkYwYVcg NW5JR2wwY3 lCayBaV1Jw WTJGMGFXID l1SUhSdklH bHQgY0hKdm RtbHVaeSBC bGJuWnBjbT l1IGJXVnVk R0ZzSUggQm xjbVp2Y20x aCBibU5sSU dGdVpDIEJ5 WldSMVkybH UgWnlCcGRI TWdaVyA1Mm FYSnZibTFs IGJuUmhiQ0 JwYlggQmhZ M1F1UEdKeS BQbFoxYkdO aGJpIEJoYk hOdklHaGgg Y3lCaElITj BjbSA5dVp5 Qm1iMk4xIG N5QnZiaUJv WlcgRnNkR2 dnWVc1ayBJ SE5oWm1WMG VTIHdnWVhN Z1pYWnAgWk dWdVkyVmtJ RyBKNUlHbD BjeUJ1IGFX NWxJR052Ym 4gTmxZM1Yw YVhabCBJSG xsWVhKeklH IDltSUhKbF kyVnAgZG1s dVp5QjBhRy BVZ1RtRjBh Vzl1IFlXd2 dVM1J2Ym0g VXNJRk5oYm 1RZyBZVzVr SUVkeVlYIF psYkNCQmMz TnYgWTJsaG RHbHZidSBL QW1YTWdjSE psIGMzUnBa Mmx2ZFggTW dVR3hoZEds dSBkVzBnUV hkaGNtIFFn Wm05eUlITm ggWm1WMGVT NGdWRyBobE lHTnZiWEJo IGJua2dhR0 Z6SUcgRWda MjloYkNCdi BaaUI2WlhK dklIIEpsWT I5eVpHRmkg YkdVZ2FXNX FkWCBKcFpY TWdZVzVrIE lITjBjbWwy WlggTWdkRz hnY0hKdiBk bWxrWlNCaE lIIE5oWm1V Z2QyOXkgYT NCc1lXTmxJ RyBadmNpQm hiR3dnIFpX MXdiRzk1Wl cgVnpManhp Y2o1RCBiM0 p3YjNKaGRH IFVnYzI5am FXRnMgSUhK bGMzQnZibi BOcFltbHNh WFI1IFBHSn lQbFJvWlMg QldkV3hqWV c0ZyBUV0Yw WlhKcFlXIH h6SUVOdmJY QmggYm5rZ2 FYTWdZUyBC emRISnZibW NnIGMzVndj Rzl5ZEcgVn lJRzltSUhS byBaU0JqYj IxdGRXIDVw ZEdsbGN5Qn AgYmlCM2FH bGphQyBCcG RDQnZjR1Z5 IFlYUmxjeT RnVkcgaGxJ R052YlhCaC Bibm5pZ0ps eklIIEJvYV d4aGJuUm8g Y205d2FXTW dZWCBKdExD QldkV3hqIF lXNGdUV0Yw WlggSnBZV3 h6SUVOdiBi WEJoYm5rZ1 JtIDkxYm1S aGRHbHYgYm l3Z2QyOXlh MyBNZ2RHOG dhVzF3IGNt OTJaU0IwYU cgVWdjWFZo YkdsMCBlU0 J2WmlCc2FX IFpsSUdsdU lIUm8gWlhO bElHTnZiVy AxMWJtbDBh V1Z6IElIUm 9jbTkxWjIg Z2djR0Z5ZE c1bCBjbk5v YVhCeklIIG RwZEdnZ2JH OWogWVd3Z2 IzSm5ZVyA1 cGVtRjBhVz l1IGN5Qmhi bVFnYVcgNX BkR2xoZEds MiBaWE11UE dKeVBsIFox YkdOaGJpQm ggYkhOdklH aGhjeSBCaE lHTnZiVzFw IGRHMWxibl FnZEcgOGda R2wyWlhKei BhWFI1SUdG dVpDIEJwYm 1Oc2RYTnAg YjI0c0lHRn BiVyBsdVp5 QjBieUJqIG NtVmhkR1Vn WVMgQjNiM0 pyY0d4aCBZ MlVnZEdoaG RDIEJsYldK eVlXTmwgY3 lCa2FXWm1a WCBKbGJuUW djR1Z5IGMz QmxZM1JwZG 0gVnpMQ0Jp WVdOciBaM0 p2ZFc1a2N5 IHdnWVc1a0 lHVjQgY0dW eWFXVnVZMi BWekxpQlVh R1VnIFkyOX RjR0Z1ZVMg Qm9ZWE1nWV dSdiBjSFJs WkNCaElGIE 4xY0hCc2FX VnkgSUVScG RtVnljMiBs MGVTQlFjbT luIGNtRnRJ SFJ2SUggQn liMjF2ZEdV ZyBkR2hsSU dSbGRtIFZz YjNCdFpXNT AgSUdGdVpD QjFkRyBsc2 FYcGhkR2x2 IGJpQnZaaU JrYVggWmxj bk5sSUhOMS BjSEJzYVdW eWN5IHdnWV c1a0lHaGgg Y3lCaGJITn ZJRyBWemRH RmliR2x6IG FHVmtJSE5s ZG0gVnlZV3 dnWlcxdyBi Rzk1WldVZ2 NtIFZ6YjNW eVkyVWcgWj NKdmRYQnpJ SCBSdklITj FjSEJ2IGNu UWdaR2wyWl ggSnphWFI1 SUdGdSBaQ0 JwYm1Oc2RY IE5wYjI0Z2 QybDAgYUds dUlIUm9aUy BCamIyMXdZ VzU1IExqeG ljajVKYm0g NXZkbUYwYV c5dSBJR0Z1 WkNCMFpXIE 5vYm05c2Iy ZDUgUEdKeV BsWjFiRyBO aGJpQk5ZWF JsIGNtbGhi SE1nUTIgOX RjR0Z1ZVNC cCBjeUJoSU d4bFlXIFJs Y2lCcGJpQn AgYm01dmRt RjBhVyA5dU lHRnVaQ0Iw IFpXTm9ibT lzYjIgZDVJ R2x1SUhSby BaU0JqYjI1 emRIIEoxWT NScGIyNGcg YldGMFpYSn BZVyB4eklH bHVaSFZ6IG RISjVMaUJV YUcgVWdZMj l0Y0dGdSBl ZUtBbVhNZ2 NtIFZ6WldG eVkyZ2cgWV c1a0lHUmxk bSBWc2IzQn RaVzUwIElI UmxZVzBnYV ggTWdZMjl1 YzNSaCBibl JzZVNCM2Iz IEpyYVc1bk lIUnYgSUds dGNISnZkbS BVZ2FYUnpJ SEJ5IGIyUj FZM1J6SUcg RnVaQ0J3Y2 05aiBaWE56 WlhNc0lIIE psYzNWc2RH bHUgWnlCcG JpQm5jbSA5 MWJtUmljbV ZoIGEybHVa eUJoWkggWm hibU5sY3lC eiBkV05vSU dGeklHIEVn WTJGeVltOX UgSUdOaGNI UjFjbSBVZ2 NISnZZMlZ6 IGN5QjBhR0 YwSUcgTmhj SFIxY21Wei BJR0Z1WkNC amIyIDUyWl hKMGN5Qmog WVhKaWIyNG daRyBsdmVH bGtaU0JsIG JXbHpjMmx2 Ym4gTWdhVz UwYnlCeiBk WE4wWVdsdV lXIEpzWlNC aWRXbHMgWk dsdVp5QnRZ WCBSbGNtbG hiSE11IFBH SnlQbFJvWl MgQmpiMjF3 WVc1NSBJR0 ZzYzI4Z2RY IE5sY3lCMG FHVWcgYkdG MFpYTjBJSC BSbFkyaHVi Mnh2IFoza2 dhVzRnYVgg UnpJRzl3Wl hKaCBkR2x2 Ym5Nc0lHIF p5YjIwZ2RH aGwgSUhWel pTQnZaaSBC a2NtOXVaWE 1nIFlXNWtJ RE5FSUcgbH RZV2RwYm1j ZyBabTl5SU hOcGRHIFVn YzNWeWRtVj UgY3l3Z2RH OGdZWCBWMG IyMWhkR1Zr IElHVnhkV2 x3YlcgVnVk Q0JoYm1RZy BhR2xuYUMx MFpXIE5vSU dOeWRYTm8g YVc1bklHRn VaQyBCd2Nt OWpaWE56IG FXNW5JSFJs WTIgaHVhWE YxWlhNdSBJ RlJvYVhNZ2 RHIFZqYUc1 dmJHOW4gZV NCdWIzUWdi MiA1c2VTQn BibU55IFpX RnpaWE1nWl cgWm1hV05w Wlc1aiBlU0 JoYm1RZ2NI IEp2WkhWam RHbDIgYVhS NUxDQmlkWC BRZ1lXeHpi eUJ5IFpXUj FZMlZ6SUgg Um9aU0JsYm 5acCBjbTl1 YldWdWRHIE ZzSUdsdGNH RmogZENCdl ppQjBhRyBV Z1kyOXRjR0 Z1IGVlS0Ft WE1nYjMgQm xjbUYwYVc5 dSBjeTQ4WW 5JK1UzIFZ6 ZEdGcGJtRm kgYVd4cGRI azhZbiBJK1 ZuVnNZMkZ1 IElFMWhkR1 Z5YVcgRnNj eUJEYjIxdy BZVzU1SUdo aGN5IEJoSU hOMGNtOXUg WnlCamIyMX RhWCBSdFpX NTBJSFJ2IE lITjFjM1Jo YVcgNWhZbW xzYVhSNSBM Q0J5Wldac1 pXIE4wWldR Z2FXNGcgYV hSeklHUmhh VyB4NUlHOX daWEpoIGRH bHZibk1nWV cgNWtJR3h2 Ym1jdCBkR1 Z5YlNCd2JH IEZ1Ym1sdV p5NGcgVkdo bElHTnZiWC BCaGJua2dj M1J5IGFYWm xjeUIwYnkg QnRhVzVwYl dsNiBaU0Jw ZEhNZ1pXID UyYVhKdmJt MWwgYm5SaG JDQm1iMiA5 MGNISnBibl FnIFlua2di M0IwYVcgMX BlbWx1WnlC cCBkSE1nYk dGdVpDIEIx YzJVc0lISm wgWkhWamFX NW5JRyBWdV pYSm5lU0Jq IGIyNXpkVz F3ZEcgbHZi aXdnWVc1ay BJR052Ym5O bGNuIFpwYm 1jZ2JtRjAg ZFhKaGJDQn laWCBOdmRY SmpaWE11IF BHSnlQbFox YkcgTmhiaU JoYkhOdiBJ SFJoYTJWek lIIE4wWlhC eklIUnYgSU hCeWIyMXZk RyBVZ2MzVn pkR0ZwIGJt RmlhV3hwZE gga2dhVzRn ZEdobCBJR0 52Ym5OMGNu IFZqZEdsdm JpQnAgYm1S MWMzUnllUy B3Z2MzVmph Q0JoIGN5Qj FjMmx1Wnkg QnlaV041WT J4bCBaQ0J0 WVhSbGNtIG xoYkhNZ2FX NGcgYVhSek lIQnliMiBS MVkzUnpJR0 Z1IFpDQjNi M0pyYVcgNW 5JSGRwZEdn ZyBZM1Z6ZE c5dFpYIEp6 SUhSdklHUm wgZG1Wc2Iz QWdjMyBWem RHRnBibUZp IGJHVWdZbl ZwYkcgUnBi bWNnY0hKaC BZM1JwWTJW ekxpIEJVYU dVZ1kyOXQg Y0dGdWVlS0 FtWCBNZ2Mz VnpkR0ZwIG JtRmlhV3hw ZEgga2daV1 ptYjNKMCBj eUJvWVhabE lHIEpsWlc0 Z2NtVmogYj JkdWFYcGxa QyBCaWVTQn RkV3gwIGFY QnNaU0J2Y2 0gZGhibWw2 WVhScCBiMj V6TENCcGJt IE5zZFdScG JtY2cgWW1W cGJtY2dibS BGdFpXUWdk RzhnIGRHaG xJRU52Y24g QnZjbUYwWl NCUyBaWE53 YjI1emFXIE pwYkdsMGVT Qk4gWVdkaG VtbHVaZSBL QW1YTWdNVE F3IElFSmxj M1FnUTIgOX ljRzl5WVhS bCBJRU5wZE dsNlpXIDV6 SUd4cGMzUW cgWm05eUlE RXhJRyBOdm JuTmxZM1Yw IGFYWmxJSG xsWVggSnpM anhpY2o1RC BiMjF3WVc1 NUlHIGhwYz NSdmNuazgg WW5JK1ZuVn NZMiBGdUlF MWhkR1Z5IG FXRnNjeUJE YjIgMXdZVz U1SUdoaCBj eUJoSUhKcF kyIGdnYUds emRHOXkgZV NCa1lYUnBi bSBjZ1ltRm pheUIwIGJ5 QnBkSE1nWm 0gOTFibVJw Ym1jZyBhVz RnTVRrd09T IEJwYmlCQ2 FYSnQgYVc1 bmFHRnRMQy BCQmJHRmlZ VzFoIExpQl VhR1VnWTIg OXRjR0Z1ZV NCbyBZWE1n Y0d4aGVXIF ZrSUdFZ2My bG4gYm1sbW FXTmhibiBR Z2NtOXNaU0 JwIGJpQjBh R1VnWkcgVj JaV3h2Y0cx bCBiblFnYj JZZ2RHIGhs SUZOdmRYUm 8gWldGemRH VnliaSBCVm JtbDBaV1Fn IFUzUmhkR1 Z6TEMgQnpk WEJ3YkhscC BibWNnYldG MFpYIEpwWV d4eklHWnYg Y2lCcFkyOX VhVyBNZ2NI SnZhbVZqIG RITWdjM1Zq YUMgQmhjeU IwYUdVZyBW R1Z1Ym1Wem MyIFZsSUZa aGJHeGwgZV NCQmRYUm9i MyBKcGRIa2 daR0Z0IGN5 QmhibVFnU1 cgNTBaWEp6 ZEdGMCBaU0 JvYVdkb2Qy IEY1Y3k0OF luSSsgVkdo eWIzVm5hRy A5MWRDQnBk SE1nIGFHbH pkRzl5ZVMg d2dWblZzWT JGdSBJR2ho Y3lCbmNtID kzYmlCMGFI SnYgZFdkb0 lITjBjbSBG MFpXZHBZeU JoIFkzRjFh WE5wZEcgbH Zibk1nWVc1 ayBJRzFsY2 1kbGNuIE1z SUdKbFkyOX QgYVc1bklI Um9aUyBCc1 lYSm5aWE4w IElIQnliMl IxWTIgVnlJ RzltSUdOdi Bibk4wY25W amRHIGx2Ym lCaFoyZHkg WldkaGRHVn pJRyBsdUlI Um9aU0JWIG JtbDBaV1Fn VTMgUmhkR1 Z6TGlCVSBi MlJoZVN3Z2 RHIGhsSUdO dmJYQmggYm 5rZ2IzQmxj bSBGMFpYTW diM1psIGNp QXpNREFnWV cgTjBhWFps SUhGMSBZWE p5YVdWeklH IEZ1WkNCa2 FYTjAgY21s aWRYUnBiMi A0Z2VXRnla SE1nIGFXNG dNakFnYzMg UmhkR1Z6TE NCdyBjbTky YVdScGJtIG NnYldGMFpY SnAgWVd4ek lHWnZjaSBC amIyNXpkSE oxIFkzUnBi MjRnY0ggSn ZhbVZqZEhN ZyBiMllnWV d4c0lIIE5w ZW1WekxnPT 0KICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg