Arcadis

Live  

Arcadis is a global design, engineering, and management consulting firm based in the Netherlands. Founded in 1888, the company specializes in providing solutions for the built environment, focusing on infrastructure, water management, environmental consulting, and urban design.
Arcadis operates in various sectors, including transportation, water, environment, and buildings. The firm’s services encompass project management, engineering design, consultancy, and sustainability solutions. Arcadis aims to enhance the quality of life for communities while promoting sustainable development.
With a presence in multiple countries, Arcadis has a diverse workforce composed of experts from various disciplines. The company emphasizes innovation and technology in its operations, often integrating digital solutions into its projects.
Arcadis is committed to corporate social responsibility and sustainability, striving to minimize its environmental impact while supporting clients in meeting their sustainable development goals. The firm regularly publishes reports on its performance and initiatives related to sustainability and social impact.
Overall, Arcadis is recognized for its expertise in infrastructure and environmental services, making significant contributions to projects that shape the built environment and enhance the resilience of communities worldwide.

QXJjYWRpcy BpcyBhIGNv bXBhbnkgdG hhdCBoZWxw cyBjcmVhdG UgYW5kIGlt cHJvdmUgcG xhY2VzIHdo ZXJlIHBlb3 BsZSBsaXZl IGFuZCB3b3 JrLCBsaWtl IGNpdGllcy wgcGFya3Ms IGFuZCBidW lsZGluZ3Mu IFRoZXkgYX JlIGV4cGVy dHMgaW4gYS BmZXcgaW1w b3J0YW50IG FyZWFzOiB0 aGV5IGhlbH Agd2l0aCBk ZXNpZ25pbm cgdGhlc2Ug cGxhY2VzLC BtYWtlIHN1 cmUgdGhleS BhcmUgc2Fm ZSBhbmQgZ2 9vZCBmb3Ig dGhlIGVudm lyb25tZW50 LCBhbmQgaG VscCBtYW5h Z2Ugd2F0ZX IgYW5kIGxh bmQuPGJyPk FyY2FkaXMg bWFrZXMgbW 9uZXkgYnkg Y2hhcmdpbm cgY2xpZW50 cywgbGlrZS Bnb3Zlcm5t ZW50cyBhbm QgYmlnIGNv bXBhbmllcy wgZm9yIHRo ZWlyIHNlcn ZpY2VzLiBG b3IgZXhhbX BsZSwgaWYg YSBjaXR5IH dhbnRzIHRv IGJ1aWxkIG EgbmV3IHBh cmssIHRoZX kgbWlnaHQg aGlyZSBBcm NhZGlzIHRv IGhlbHAgcG xhbiBob3cg aXQgc2hvdW xkIGxvb2ss IG1ha2Ugc3 VyZSBpdOKA mXMgc2FmZS wgYW5kIGhl bHAgd2l0aC B0aGUgY29u c3RydWN0aW 9uLiBUaGV5 IGFsc28gaG VscCBjb21w YW5pZXMgZm lndXJlIG91 dCBob3cgdG 8gYnVpbGQg dGhlaXIgZm FjdG9yaWVz IGluIHRoZS BiZXN0IHdh eS48YnI+QX JjYWRpcyBp cyBzdWNjZX NzZnVsIGJl Y2F1c2UgdG hleSBkbyBh IGdyZWF0IG pvYiBhbmQg aGF2ZSBzbW FydCBwZW9w bGUgd2hvIG tub3cgYSBs b3QgYWJvdX Qgd2hhdCB0 aGV5IGRvLi BUaGV5IHN0 YXkgc3VjY2 Vzc2Z1bCBi eSBhZGFwdG luZyB0byBj aGFuZ2VzLC BsaWtlIG5l dyB0ZWNobm 9sb2d5IGFu ZCB0aGUgbm VlZCBmb3Ig ZWNvLWZyaW VuZGx5IHNv bHV0aW9ucy 4gQXMgbW9y ZSBwZW9wbG UgY2FyZSBh Ym91dCB0aG UgZW52aXJv bm1lbnQgYW 5kIGNpdGll cyBncm93LC BBcmNhZGlz IHdpbGwgY2 9udGludWUg dG8gYmUgaW 1wb3J0YW50 IGJlY2F1c2 UgdGhlaXIg d29yayBoZW xwcyBtYWtl IHBsYWNlcy BiZXR0ZXIg Zm9yIGV2ZX J5b25lLiBU aGV5IGFyZS Bnb29kIGF0 IHNvbHZpbm cgcHJvYmxl bXMsIGFuZC B0aGF04oCZ cyBhIGtleS ByZWFzb24g dGhleSB3aW xsIGtlZXAg YmVpbmcgc3 VjY2Vzc2Z1 bCBpbiB0aG UgZnV0dXJl Ljxicj4=

QXJjYWRpcy BpcyBhIGxl YWRpbmcgZ2 xvYmFsIGRl c2lnbiBhbm QgY29uc3Vs dGFuY3kgZm lybSB0aGF0 IHNwZWNpYW xpemVzIGlu IG5hdHVyYW wgYW5kIGJ1 aWx0IGFzc2 V0cy4gV2hh dCBtYWtlcy BBcmNhZGlz IHNwZWNpYW wgaW5jbHVk ZXM6PGJyPj EuIENvbXBy ZWhlbnNpdm UgU2Vydmlj ZXM6IEFyY2 FkaXMgb2Zm ZXJzIGEgd2 lkZSByYW5n ZSBvZiBzZX J2aWNlcyBp bmNsdWRpbm cgYXJjaGl0 ZWN0dXJlLC BlbmdpbmVl cmluZywgcH JvamVjdCBt YW5hZ2VtZW 50LCBzdHJh dGVnaWMgY2 9uc3VsdGlu ZywgYW5kIG Vudmlyb25t ZW50YWwgbW FuYWdlbWVu dC4gVGhpcy BhbGxvd3Mg dGhlbSB0by BiZSBpbnZv bHZlZCBpbi BhbGwgc3Rh Z2VzIG9mIG EgcHJvamVj dCwgZnJvbS BwbGFubmlu ZyB0byBleG VjdXRpb24u PGJyPjIuIF N1c3RhaW5h YmlsaXR5IE ZvY3VzOiBU aGUgY29tcG FueSBwbGFj ZXMgYSBzdH JvbmcgZW1w aGFzaXMgb2 4gc3VzdGFp bmFiaWxpdH kgYW5kIHJl c2lsaWVuY2 UuIEFyY2Fk aXMgYWltcy B0byBjcmVh dGUgc3VzdG FpbmFibGUg c29sdXRpb2 5zIHRoYXQg bm90IG9ubH kgbWVldCB0 aGUgbmVlZH Mgb2YgdG9k YXkgYnV0IG Fsc28gcHJv dGVjdCB0aG UgZW52aXJv bm1lbnQgZm 9yIGZ1dHVy ZSBnZW5lcm F0aW9ucy48 YnI+My4gR2 xvYmFsIFBy ZXNlbmNlOi BXaXRoIG9w ZXJhdGlvbn MgaW4gbnVt ZXJvdXMgY2 91bnRyaWVz LCBBcmNhZG lzIGhhcyBh IHN0cm9uZy BpbnRlcm5h dGlvbmFsIH ByZXNlbmNl LiBUaGlzIG VuYWJsZXMg dGhlbSB0by BsZXZlcmFn ZSBnbG9iYW wgaW5zaWdo dHMgd2hpbG UgYXBwbHlp bmcgbG9jYW wgZXhwZXJ0 aXNlIHRvIH Byb2plY3Rz Ljxicj40Li BJbm5vdmF0 aW9uOiBBcm NhZGlzIGlu dmVzdHMgaW 4gaW5ub3Zh dGl2ZSB0ZW Nobm9sb2dp ZXMgYW5kIG 1ldGhvZG9s b2dpZXMsIG luY2x1ZGlu ZyBkaWdpdG FsIHNvbHV0 aW9ucyBhbm QgZGF0YSBh bmFseXRpY3 MuIFRoaXMg Y29tbWl0bW VudCB0byBp bm5vdmF0aW 9uIGVuaGFu Y2VzIHByb2 plY3QgZWZm aWNpZW5jeS BhbmQgcXVh bGl0eS48Yn I+NS4gRGl2 ZXJzZSBFeH BlcnRpc2U6 IFRoZSBmaX JtIGVtcGxv eXMgcHJvZm Vzc2lvbmFs cyBmcm9tIG EgdmFyaWV0 eSBvZiBkaX NjaXBsaW5l cywgYWxsb3 dpbmcgZm9y IGludGVyZG lzY2lwbGlu YXJ5IGNvbG xhYm9yYXRp b24uIFRoaX MgZGl2ZXJz aXR5IHJlc3 VsdHMgaW4g aG9saXN0aW Mgc29sdXRp b25zIHRhaW xvcmVkIHRv IGNvbXBsZX ggY2hhbGxl bmdlcyBmYW NlZCBieSBj bGllbnRzLj xicj42LiBD b21taXRtZW 50IHRvIENv bW11bml0aW VzOiBBcmNh ZGlzIGlzIG RlZGljYXRl ZCB0byBtYW tpbmcgYSBw b3NpdGl2ZS BpbXBhY3Qg b24gdGhlIG NvbW11bml0 aWVzIGluIH doaWNoIHRo ZXkgb3Blcm F0ZSwgb2Z0 ZW4gZW5nYW dpbmcgaW4g aW5pdGlhdG l2ZXMgYWlt ZWQgYXQgaW 1wcm92aW5n IHNvY2lhbC BhbmQgZW52 aXJvbm1lbn RhbCBjb25k aXRpb25zLj xicj5PdmVy YWxsLCBBcm NhZGlzIHN0 YW5kcyBvdX QgZm9yIGl0 cyBjb21taX RtZW50IHRv IGRlbGl2ZX JpbmcgdmFs dWUgdGhyb3 VnaCBpbnRl Z3JhdGVkIH NvbHV0aW9u cyB0aGF0IH Byb21vdGUg c3VzdGFpbm FibGUgZGV2 ZWxvcG1lbn QgYW5kIGlt cHJvdmUgcX VhbGl0eSBv ZiBsaWZlLj xicj4=

QXJjYWRpcy BpcyBhIGds b2JhbCBkZX NpZ24gYW5k IGNvbnN1bH RhbmN5IGZp cm0gc3BlY2 lhbGl6aW5n IGluIGluZn Jhc3RydWN0 dXJlLCB3YX RlciwgZW52 aXJvbm1lbn RhbCwgYW5k IGJ1aWxkaW 5ncyBzZWN0 b3JzLiBJdH MgYnVzaW5l c3MgbW9kZW wgcHJpbWFy aWx5IGZvY3 VzZXMgb24g cHJvdmlkaW 5nIGludGVn cmF0ZWQgc2 9sdXRpb25z IHRoYXQgZW 5oYW5jZSBx dWFsaXR5IG 9mIGxpZmUg YW5kIHByb2 1vdGUgc3Vz dGFpbmFiaW xpdHkuPGJy PjEuIDxzdH Jvbmc+U2Vy dmljZSBPZm ZlcmluZ3M8 L3N0cm9uZz 46IEFyY2Fk aXMgb2ZmZX JzIGEgd2lk ZSByYW5nZS BvZiBzZXJ2 aWNlcywgaW 5jbHVkaW5n IHByb2plY3 QgbWFuYWdl bWVudCwgZW 5naW5lZXJp bmcsIGVudm lyb25tZW50 YWwgY29uc3 VsdGluZywg ZGVzaWduLC BhbmQgYWR2 aXNvcnkgc2 VydmljZXMu IFRoaXMgZG l2ZXJzZSBw b3J0Zm9saW 8gYWxsb3dz IHRoZW0gdG 8gc2VydmUg dmFyaW91cy BpbmR1c3Ry aWVzIHN1Y2 ggYXMgdHJh bnNwb3J0YX Rpb24sIHdh dGVyLCBhbm QgcmVhbCBl c3RhdGUuPG JyPjIuIDxz dHJvbmc+UH JvamVjdC1i YXNlZCBXb3 JrPC9zdHJv bmc+OiBUaG UgY29tcGFu eSB0eXBpY2 FsbHkgb3Bl cmF0ZXMgb2 4gYSBwcm9q ZWN0IGJhc2 lzLCB3b3Jr aW5nIGNsb3 NlbHkgd2l0 aCBjbGllbn RzIHRvIGRl bGl2ZXIgdG FpbG9yZWQg c29sdXRpb2 5zLiBUaGlz IG9mdGVuIG ludm9sdmVz IGxvbmctdG VybSBjb250 cmFjdHMgZm 9yIGxhcmdl LXNjYWxlIH Byb2plY3Rz LCB3aGljaC BjYW4gaW5j bHVkZSBhbn l0aGluZyBm cm9tIHVyYm FuIGRldmVs b3BtZW50IH RvIHdhdGVy IHJlc291cm NlIG1hbmFn ZW1lbnQuPG JyPjMuIDxz dHJvbmc+R2 xvYmFsIFBy ZXNlbmNlPC 9zdHJvbmc+ OiBBcmNhZG lzIGhhcyBh IHNpZ25pZm ljYW50IGlu dGVybmF0aW 9uYWwgcHJl c2VuY2UsIG VuYWJsaW5n IHRoZW0gdG 8gdGFwIGlu dG8gZGlmZm VyZW50IG1h cmtldHMgYW 5kIGxldmVy YWdlIGdsb2 JhbCBleHBl cnRpc2UuIF RoaXMgYWxz byBoZWxwcy BpbiBhY2Nl c3NpbmcgbG 9jYWwga25v d2xlZGdlIG FuZCByZXNv dXJjZXMsIG 1ha2luZyB0 aGVpciBzb2 x1dGlvbnMg bW9yZSBlZm ZlY3RpdmUg YW5kIGNvbn RleHQtc3Bl Y2lmaWMuPG JyPjQuIDxz dHJvbmc+U3 VzdGFpbmFi aWxpdHkgRm 9jdXM8L3N0 cm9uZz46IF RoZSBmaXJt IGVtcGhhc2 l6ZXMgc3Vz dGFpbmFiaW xpdHkgaW4g aXRzIHByb2 plY3RzLCBh aW1pbmcgdG 8gY3JlYXRl IHNvbHV0aW 9ucyB0aGF0 IG5vdCBvbm x5IG1lZXQg Y2xpZW50IG 5lZWRzIGJ1 dCBhbHNvIH Byb21vdGUg ZW52aXJvbm 1lbnRhbCBy ZXNwb25zaW JpbGl0eS4g VGhpcyBhbG lnbnMgd2l0 aCBpbmNyZW FzaW5nIGds b2JhbCBkZW 1hbmRzIGZv ciBzdXN0YW luYWJsZSBw cmFjdGljZX MuPGJyPjUu IDxzdHJvbm c+VGVjaG5v bG9neSBVdG lsaXphdGlv bjwvc3Ryb2 5nPjogQXJj YWRpcyBpbn RlZ3JhdGVz IHRlY2hub2 xvZ3kgYW5k IGlubm92YX Rpb24gaW50 byBpdHMgc2 VydmljZXMs IHVzaW5nIG RhdGEgYW5h bHl0aWNzLC Btb2RlbGlu ZywgYW5kIG RpZ2l0YWwg dG9vbHMgdG 8gZW5oYW5j ZSBwcm9qZW N0IG91dGNv bWVzIGFuZC BlZmZpY2ll bmN5Ljxicj 42LiA8c3Ry b25nPkNsaW VudCBDb2xs YWJvcmF0aW 9uPC9zdHJv bmc+OiBBIG tleSBhc3Bl Y3Qgb2YgdG hlaXIgbW9k ZWwgaXMgY2 9sbGFib3Jh dGlvbiB3aX RoIGNsaWVu dHMsIHN0YW tlaG9sZGVy cywgYW5kIG NvbW11bml0 aWVzLiBUaG lzIGVuc3Vy ZXMgdGhhdC B0aGVpciBz b2x1dGlvbn MgYXJlIGZl YXNpYmxlIG FuZCBhbGln bmVkIHdpdG ggY2xpZW50 IGV4cGVjdG F0aW9ucyBh bmQgY29tbX VuaXR5IG5l ZWRzLjxicj 43LiA8c3Ry b25nPkRpdm Vyc2UgQ2xp ZW50IEJhc2 U8L3N0cm9u Zz46IEFyY2 FkaXMgc2Vy dmVzIGEgd2 lkZSByYW5n ZSBvZiBjbG llbnRzLCBp bmNsdWRpbm cgcHVibGlj IGF1dGhvcm l0aWVzLCBw cml2YXRlIG NvbXBhbmll cywgYW5kIG 5vcHJvZml0 cy4gVGhpcy BkaXZlcnNp ZmljYXRpb2 4gaGVscHMg aW4gbWl0aW dhdGluZyBt YXJrZXQgcm lza3MgYW5k IHN1c3RhaW 5pbmcgcmV2 ZW51ZSBzdH JlYW1zLjxi cj5PdmVyYW xsLCBBcmNh ZGlz4oCZcy BidXNpbmVz cyBtb2RlbC ByZXZvbHZl cyBhcm91bm QgZGVsaXZl cmluZyB2YW x1ZSB0aHJv dWdoIGEgYm xlbmQgb2Yg ZXhwZXJ0IH NlcnZpY2Vz LCBzdXN0YW luYWJpbGl0 eSBwcmFjdG ljZXMsIGFu ZCBhIGNvbW 1pdG1lbnQg dG8gY29sbG Fib3JhdGlv biBhbmQgaW 5ub3ZhdGlv bi48YnI+

AI has the potential to impact Arcadis, a global design and consultancy firm, in several ways, which could pose material threats to its products, services, and competitive positioning.
1. Substitution: AI technologies can offer alternative solutions to traditional consultancy and design services. For instance, automated design software can generate building plans and site layouts, potentially replacing some of the tasks performed by human architects and engineers. If clients turn to these AI-driven solutions for speed and cost efficiency, it could reduce demand for Arcadis’s traditional services.
2. Disintermediation: The rise of AI could facilitate direct transactions between clients and technology providers, bypassing traditional consulting firms. For example, clients might use AI tools to analyze data and make decisions without needing intermediaries like Arcadis. This could weaken the firm’s role in guiding projects and providing expertise.
3. Margin Pressure: As AI technologies become more prevalent, there may be increased competition from both established firms and new entrants that leverage these technologies to reduce costs. If competitors can offer similar services at lower prices due to efficient AI integration, Arcadis might face margin pressure, forcing a reassessment of pricing strategies and service offerings to remain competitive.
To mitigate these risks, Arcadis could invest in AI technologies to enhance its services, improve efficiency, and develop new offerings that incorporate AI solutions, positioning itself as a leader in the integration of AI in the consultancy and engineering sectors. Additionally, emphasizing human expertise and complex problem-solving capabilities that AI cannot replicate could help maintain its competitive edge.

The sensitivity of Arcadis’ earnings, cash flow, and valuation to changes in interest rates can be understood through several key factors.
1. Cost of Debt: Arcadis, like many companies, may have a significant amount of debt. In a rising interest rate environment, the cost of servicing this debt increases. This could lead to lower net earnings as interest expenses rise, thereby impacting overall profitability.
2. Discount Rate and Valuation: Valuation models, such as discounted cash flow (DCF), are highly sensitive to changes in the discount rate, which is often influenced by interest rates. Higher interest rates generally lead to a higher discount rate, which reduces the present value of future cash flows. This could decrease Arcadis’ valuation in the eyes of investors.
3. Investment and Capital Expenditures: Higher interest rates can lead to reduced capital investment as the cost of financing increases. If Arcadis is financing new projects or expansions, higher rates may lead to a reevaluation of such investments, potentially slowing growth and impacting future cash flows.
4. Economic Environment: Interest rate changes can influence the broader economic environment, affecting demand for Arcadis’ services. In a rising rate scenario, economic growth may slow, leading to decreased demand for infrastructure and environmental services that Arcadis provides. This could ultimately lead to lower revenues and cash flows.
5. Cash Flow Sensitivity: Arcadis’ cash flow stability can also depend on fixed versus variable interest rates on its debt. If a significant portion of the debt is at a variable rate, cash flows may become more volatile as interest rates rise.
In summary, Arcadis’ earnings, cash flow, and valuation are sensitive to changes in interest rates due to the effects on debt servicing costs, valuations through discount rates, investment decisions, demand for services, and overall economic conditions. In general, rising interest rates can impose challenges on profitability and growth.

T25lIHJlYW xpc3RpYyBz Y2VuYXJpby B0aGF0IGNv dWxkIHBlcm 1hbmVudGx5 IGltcGFpci BBcmNhZGlz 4oCZIGVjb2 5vbWljcyBv dmVyIHRoZS BuZXh0IDPi gJM1IHllYX JzIGlzIGEg c2lnbmlmaW NhbnQgZ2xv YmFsIGVjb2 5vbWljIGRv d250dXJuLC BleGFjZXJi YXRlZCBieS BnZW9wb2xp dGljYWwgaW 5zdGFiaWxp dHkgb3IgbG 9uZy10ZXJt IGVmZmVjdH MgZnJvbSBj bGltYXRlIG NoYW5nZS4g VGhpcyBkb3 dudHVybiBj b3VsZCB0cm lnZ2VyIHJl ZHVjZWQgcH VibGljIGFu ZCBwcml2YX RlIGluZnJh c3RydWN0dX JlIHNwZW5k aW5nLCBpbm NyZWFzaW5n IGNvbXBldG l0aW9uIGZv ciBsaW1pdG VkIGNvbnRy YWN0cywgYW 5kIGxlYWRp bmcgdG8gcH JvamVjdCBk ZWxheXMgb3 IgY2FuY2Vs bGF0aW9ucy 4gPGJyPklu IHRlcm1zIG 9mIG1hcmdp bnMsIHRoZS Bjb21wYW55 IG1heSBleH BlcmllbmNl IGRvd253YX JkIHByZXNz dXJlIGR1ZS B0byByZWR1 Y2VkIGRlbW FuZCBmb3Ig aXRzIHNlcn ZpY2VzIGFu ZCBwb3Rlbn RpYWxseSBs b3dlciBwcm ljaW5nIGFz IGZpcm1zIG NvbXBldGUg Zm9yIHNjYX JjZSBwcm9q ZWN0cy4gVG hpcyBjb3Vs ZCBsZWFkIH RvIGEgZGVj bGluZSBpbi BvcGVyYXRp bmcgbWFyZ2 lucyBhcyBm aXhlZCBjb3 N0cyByZW1h aW4gaGlnaC B3aGlsZSBy ZXZlbnVlcy BkZWNsaW5l LiBJZiBBcm NhZGlzIGlz IHVuYWJsZS B0byBhZGp1 c3QgaXRzIG Nvc3Qgc3Ry dWN0dXJlIH F1aWNrbHkg ZW5vdWdoLC B0aGUgY29t cHJlc3Npb2 4gb2YgbWFy Z2lucyBjb3 VsZCByZXN1 bHQgaW4gYS BzaWduaWZp Y2FudCBkcm 9wIGluIG9w ZXJhdGluZy BpbmNvbWUu PGJyPkNhc2 ggZmxvdyB3 b3VsZCBhbH NvIGJlIG5l Z2F0aXZlbH kgaW1wYWN0 ZWQuIFdpdG ggYSBkZWNy ZWFzZSBpbi BuZXcgY29u dHJhY3RzIG FuZCBwcm9q ZWN0IGRlbG F5cywgY2Fz aCBpbmZsb3 dzIGNvdWxk IGRpbWluaX NoIHNpZ25p ZmljYW50bH kuIEFkZGl0 aW9uYWxseS wgY2xpZW50 cyBjb3VsZC BmYWNlIHRo ZWlyIG93bi BmaW5hbmNp YWwgZGlmZm ljdWx0aWVz LCBsZWFkaW 5nIHRvIGRl bGF5ZWQgcG F5bWVudHMu IFRoaXMgc2 l0dWF0aW9u IHdvdWxkIH N0cmFpbiB0 aGUgY29tcG FueeKAmXMg d29ya2luZy BjYXBpdGFs IGFuZCBjb3 VsZCByZXN1 bHQgaW4gbG 93ZXIgZnJl ZSBjYXNoIG Zsb3cuPGJy PlJlZ2FyZG luZyB0aGUg YmFsYW5jZS BzaGVldCwg YSBwcm9sb2 5nZWQgZWNv bm9taWMgZG 93bnR1cm4g Y291bGQgbG VhZCB0byBp bmNyZWFzZW QgbGV2ZXJh Z2UuIFRoZS Bjb21wYW55 IG1pZ2h0IG hhdmUgdG8g dGFrZSBvbi BhZGRpdGlv bmFsIGRlYn QgdG8gbWFp bnRhaW4gb3 BlcmF0aW9u cyBvciBzdX Bwb3J0IGNh c2ggZmxvdy wgdGh1cyBu ZWdhdGl2ZW x5IGltcGFj dGluZyBpdH MgZGVidC10 by1lcXVpdH kgcmF0aW8u IEZ1cnRoZX Jtb3JlLCBp ZiBjbGllbn RzIGJlZ2lu IHRvIGRlZm F1bHQgb24g cGF5bWVudH Mgb3IgZGVs YXkgY29udH JhY3RzLCB0 aGlzIGNvdW xkIGluY3Jl YXNlIGFjY2 91bnRzIHJl Y2VpdmFibG UgYW5kIG1h a2Ugc29tZS BvZiB0aG9z ZSBhc3NldH MgbGVzcyBs aXF1aWQsIH doaWNoIHdv dWxkIGZ1cn RoZXIgc3Ry YWluIHRoZS BiYWxhbmNl IHNoZWV0Lj xicj5PdmVy YWxsLCBhIH NldmVyZSBl Y29ub21pYy Bkb3dudHVy biBjb3VsZC BsZWFkIHRv IGxvbmctdG VybSByZXBl cmN1c3Npb2 5zIGZvciBB cmNhZGlzLC BpbmNsdWRp bmcgZGltaW 5pc2hlZCBw cm9maXRhYm lsaXR5LCB3 ZWFrZXIgY2 FzaCBmbG93 LCBhbmQgaW 5jcmVhc2Vk IGZpbmFuY2 lhbCBsZXZl cmFnZSwgbW FraW5nIGl0 IGNoYWxsZW 5naW5nIGZv ciB0aGUgY2 9tcGFueSB0 byByZWNvdm VyIGZ1bGx5 IGluIHRoZS Bmb2xsb3dp bmcgeWVhcn MuPGJyPg==

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 bG9nb3MvS0 pJaWVWbWo4 WG9IVHB2VT c4NWEud2Vi cCIgYWx0PS JBcmNhZGlz IiB0aXRsZT 0iQXJjYWRp cyIgIGNsYX NzPSJpbWct Zmx1aWQiIG hlaWdodD01 MCB3aWR0aD 01MCBsb2Fk aW5nPSdsYX p5JyBzdHls ZT0nYm9yZG VyLXJhZGl1 czogNnB4Oy c+CgogICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J2Zs ZXg6IDE7IH RleHQtYWxp Z246IGNlbn RlcjsgbWFy Z2luLWxlZn Q6IDVweDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8cCBz dHlsZT0nZm 9udC1zaXpl OiAyNnB4Oy Bjb2xvcjog IzMzMzsgbW FyZ2luLWJv dHRvbTogMT VweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg8J+T iCBXYW50IH RvIHJlYWQg bW9yZSBhYm 91dCBBcmNh ZGlzPwogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L3A+CgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dpbmRleC5w aHA/cGFnZT 1zaWdudXAn IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JhY2tncm91 bmQtY29sb3 I6ICMwMDdC RkY7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBjb2xvcj ogI2ZmZjsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHBh ZGRpbmc6ID EwcHggMjBw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJvcmRlci 1yYWRpdXM6 IDVweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHRleH QtZGVjb3Jh dGlvbjogbm 9uZTsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGZvbnQt d2VpZ2h0Oi Bib2xkOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgbWFy Z2luLXJpZ2 h0OiAxMHB4 OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dHJhbnNpdG lvbjogYmFj a2dyb3VuZC 1jb2xvciAw LjNzIGVhc2 U7JwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Agb25tb3Vz ZW92ZXI9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A1NmIzIicK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIG9u bW91c2VvdX Q9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA3QkZG Iic+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIGZvciBm cmVlCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv YT4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxz cGFuIHN0eW xlPSdtYXJn aW46IDAgOH B4OyBjb2xv cjogIzU1NT snPm9yPC9z cGFuPgoKIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naW5kZXgu cGhwP3BhZ2 U9bG9naW4n IHN0eWxlPS cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG NvbG9yOiAj MDA3QkZGOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdG V4dC1kZWNv cmF0aW9uOi B1bmRlcmxp bmU7CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBmb250LX dlaWdodDog NTAwOyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBsb2 cgaW4KICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgoKCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdtYXJnaW 4tdG9wOiAx NXB4OyBmb2 50LXNpemU6 IDEzcHg7IG ZvbnQtd2Vp Z2h0OiBib2 xkOyBjb2xv cjogI2QzMm YyZjsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAg4pyN 77iPIFNpZ2 4gdXAgdG8g Z2V0IDxpPi JUaGUgQ2hl Y2tsaXN0IF ZhbHVlIElu dmVzdG9yIO KAlCBBIFNt YXJ0ZXIgV2 F5IHRvIFBp Y2sgU3RvY2 tzIjwvaT4g Zm9yIGZyZW UKICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9wPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxMnB4 OyBmb250LX NpemU6IDEz cHg7IGNvbG 9yOiAjNDQ0 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBTaWduIH VwIG5vdyBh bmQgZ2V0IG 91ciBmcmVl IGVCb29rIA ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPG I+VGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrczwvYj4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIC0tPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8IS0tCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J21hcm dpbi10b3A6 IDE2cHg7IG ZvbnQtc2l6 ZTogMTRweD sgY29sb3I6 ICM0NDQ7IG ZvbnQtZmFt aWx5OiAtYX BwbGUtc3lz dGVtLCBCbG lua01hY1N5 c3RlbUZvbn QsIFNlZ29l IFVJLCBSb2 JvdG8sIEhl bHZldGljYS BOZXVlLCBz YW5zLXNlcm lmOyBsaW5l LWhlaWdodD ogMS42Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBI YXZlIHlvdS BoZWFyZCBh Ym91dCBvdX Igc2hvcnQg PHN0cm9uZy BzdHlsZT0n Zm9udC13ZW lnaHQ6IDYw MDsnPkRhaW x5IFZpZGVv IE5ld3NsZX R0ZXI8L3N0 cm9uZz4/Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdo dHRwczovL3 d3dy5pbnNp Z2h0ZnVsdm FsdWUuY29t L25ld3NsZX R0ZXIucGhw JyB0YXJnZX Q9J19ibGFu aycgc3R5bG U9J2NvbG9y OiAjMDA3Qk ZGOyB0ZXh0 LWRlY29yYX Rpb246IG5v bmU7IGZvbn Qtd2VpZ2h0 OiA1MDA7IG 1hcmdpbi1s ZWZ0OiA2cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBG aW5kIG91dC Btb3JlCiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8L2E+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvZGl2 PgogICAgIC AgICAgICAg ICAgICAgIC AgICAtLT4K ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgCi AgICAgICAg CiAgICAgIC AgPHNwYW4g Y2xhc3M9J2 JsdXJyZWQt dGV4dCc+Ci AgICAgICAg ICAgIFFYSm pZV1JwY3kg QnBjeUJoSU dkcyBiMkpo YkNCa1pYIE 5wWjI0c0lH VnUgWjJsdV pXVnlhVyA1 bkxDQmhibV FnIGJXRnVZ V2RsYlcgVn VkQ0JqYjI1 eiBkV3gwYV c1bklHIFpw Y20wZ2QybD AgYUNCaElH WnZZMyBWek lHOXVJR1Z1 IGFHRnVZMm x1WnkgQjBh R1VnY1hWaC BiR2wwZVNC dlppIEJzYV dabElHbHUg SUhWeVltRn VJRyBWdWRt bHliMjV0IF pXNTBjeTRn U0cgVnlaU0 JoY21VZyBj Mjl0WlNCcG JuIFJsY21W emRHbHUgWn lCbVlXTjBj eSBCaFltOT FkQ0IwIGFH VWdZMjl0Y0 cgRnVlVG84 WW5JKyBNUz RnUEhOMGNt IDl1Wno1SW FYTjAgYjNK NVBDOXpkSC BKdmJtYytP aUJCIGNtTm haR2x6SUgg ZGhjeUJtYj NWdSBaR1Zr SUdsdUlIIF JvWlNCT1pY Um8gWlhKc1 lXNWtjeSBC cGJpQXhPRG c0IExpQlVh R1VnWTIgOX RjR0Z1ZVNC diBjbWxuYV c1aGJHIHg1 SUhOMFlYSj AgWldRZ1lY TWdZUyBCc1 lXNWtJSE4x IGNuWmxlV2 x1WnkgQmpi MjF3WVc1NS BJR0Z1WkNC b1lYIE1nYz JsdVkyVWcg WlhadmJIWm xaQyBCcGJu UnZJR0VnIG JHVmhaR2x1 WnkgQm5iRz lpWVd3ZyBj R3hoZVdWeU lHIGx1SUhS b1pTQmkgZF dsc2RDQmhi bSBRZ2JtRj BkWEpoIGJD QmxiblpwY2 0gOXViV1Z1 ZEM0OCBZbk krTWk0Z1BI IE4wY205dV p6NUggYkc5 aVlXd2dVSC BKbGMyVnVZ MlU4IEwzTj BjbTl1Wnog NDZJRUZ5WT JGayBhWE1n YjNCbGNtIE YwWlhNZ2FX NGcgYlc5eV pTQjBhRyBG dUlEY3dJR0 52IGRXNTBj bWxsY3kgd2 daVzF3Ykc5 NSBhVzVuSU hSb2IzIFZ6 WVc1a2N5Qn YgWmlCd2Nt OW1aWCBOem FXOXVZV3h6 IExpQlVhR2 x6SUggZHBa R1Z6Y0hKbC BZV1FnY21W aFkyIGdnWV d4c2IzZHog SUhSb1pXMG dkRyA4Z2Qy OXlheUJ2IG JpQndjbTlx WlcgTjBjeU JoY205MSBi bVFnZEdobE lHIGRzYjJK bExDQmggWk dSeVpYTnph VyA1bklHeH ZZMkZzIElH NWxaV1J6SU ggZHBkR2dn YVc1MCBaWE p1WVhScGIy IDVoYkNCbG VIQmwgY25S cGMyVXVQRy BKeVBqTXVJ RHh6IGRISn ZibWMrVTMg VnpkR0ZwYm 1GaSBhV3hw ZEhrZ1JtID lqZFhNOEwz TjAgY205dV p6NDZJRiBS b1pTQmpiMj F3IFlXNTVJ SEJzWVcgTm xjeUJoSUhO cCBaMjVwWm 1sallXIDUw SUdWdGNHaG ggYzJseklH OXVJSCBOMW MzUmhhVzVo IFltbHNhWF I1TEMgQmhh VzFwYm1jZy BkRzhnWTNK bFlYIFJsSU hOMWMzUmgg YVc1aFlteG xJSCBOdmJI VjBhVzl1IG N5QjBhR0Yw SUcgSmhiR0 Z1WTJVZyBa VzUyYVhKdm JtIDFsYm5S aGJDQnAgYl hCaFkzUWdk MiBsMGFDQm xZMjl1IGIy MXBZeUIyYV cgRmlhV3hw ZEhrdSBJRl JvWlhrZ1lY IEpsSUdsdW RtOXMgZG1W a0lHbHVJSC BaaGNtbHZk WE1nIGFXNX BkR2xoZEcg bDJaWE1nY2 1WcyBZWFJs WkNCMGJ5IE JqYkdsdFlY UmwgSUdOb1 lXNW5aUyBC aGJtUWdjbV Z6IGFXeHBa VzUwSUcgbH VabkpoYzNS eSBkV04wZF hKbExqIHhp Y2o0MExpQT ggYzNSeWIy NW5QayBScG RtVnljMlVn IFUyVnlkbW xqWlggTThM M04wY205dS BaejQ2SUVG eVkyIEZrYV hNZ2IyWm0g WlhKeklHRW dkMiBsa1pT QnlZVzVuIF pTQnZaaUJ6 WlggSjJhV0 5sY3lCcCBi bU5zZFdScG JtIGNnY0hK dmFtVmogZE NCdFlXNWha MiBWdFpXNT BMQ0JsIGJt ZHBibVZsY2 0gbHVaeUJr WlhOcCBaMj RzSUdWdWRt IGx5YjI1dF pXNTAgWVd3 Z1kyOXVjMy BWc2RHbHVa eXdnIFlXNW tJR052YzMg UWdaWE4wYV cxaCBkR2x2 Ymk0Z1ZHIG hsYVhJZ2JY VnMgZEdsa2 FYTmphWCBC c2FXNWhjbm tnIFlYQndj bTloWTIgZ2 dZV3hzYjNk eiBJSFJvWl cwZ2RHIDhn ZEdGamEyeG wgSUdOdmJY QnNaWCBnZ2 NISnZhbVZq IGRITWdaV1 ptWlcgTjBh WFpsYkhrdS BQR0p5UGpV dUlEIHh6ZE hKdmJtYysg U1c1dWIzWm hkRyBsMlpT QlVaV05vIG JtOXNiMmQ1 UEMgOXpkSE p2Ym1jKyBP aUJVYUdVZ1 ptIGx5YlNC c1pYWmwgY2 1GblpYTWdZ VyBSMllXNW paV1FnIGRH VmphRzV2Yk cgOW5hV1Z6 SUhOMSBZMm dnWVhNZ1pH IGxuYVhSaG JDQnQgYjJS bGJHbHVaeS B3Z1pHRjBZ U0JoIGJtRn NlWFJwWTMg TXNJR0Z1Wk NCbiBaVzlu Y21Gd2FHIG xqSUdsdVpt OXkgYldGMG FXOXVJSCBO NWMzUmxiWE 1nIEtFZEpV eWtnZEcgOG daVzVvWVc1 aiBaU0IwYU dVZ2NHIHho Ym01cGJtY2 cgWVc1a0lH VjRaVyBOMW RHbHZiaUJ2 IFppQndjbT lxWlcgTjBj eXdnWlc1ei BkWEpwYm1j Z1pXIFptYV dOcFpXNWog ZVNCaGJtUW daVyBabVpX TjBhWFpsIG JtVnpjeTQ4 WW4gSStOaT RnUEhOMCBj bTl1Wno1Qm QyIEZ5WkhN Z1lXNWsgSU ZKbFkyOW5i bSBsMGFXOX VQQzl6IGRI SnZibWMrT2 kgQkJjbU5o WkdseiBJR1 p5WlhGMVpX IDUwYkhrZ2 NtVmogWlds MlpYTWdZVy BOamIyeGha R1Z6IElHWn ZjaUJwZEgg TWdZMjl1ZE hKcCBZblYw YVc5dWN5IE IwYnlCaGNt Tm8gYVhSbF kzUjFjbSBV c0lHVnVaMm x1IFpXVnlh VzVuTEMgQm hibVFnWlc1 MiBhWEp2Ym 0xbGJuIFJo YkNCdFlXNW ggWjJWdFpX NTBMaSBCVW FHVjVJR2ho IGRtVWdZbV ZsYmkgQnla V052WjI1cC BlbVZrSUda dmNpIEIwYU dWcGNpQmog YjIxdGFYUn RaVyA1MElI UnZJR2x1IG JtOTJZWFJw YjIgNGdZVz VrSUdOMSBj M1J2YldWeU lIIE5sY25a cFkyVXUgUE dKeVBqY3VJ RCB4emRISn ZibWMrIFUy OWphV0ZzSU UgbHRjR0Zq ZER3diBjM1 J5YjI1blBq IG9nUVhCaG NuUWcgWm5K dmJTQmxibi BacGNtOXVi V1Z1IGRHRn NJSE4xYzMg UmhhVzVoWW 1scyBhWFI1 TENCQmNtIE 5oWkdseklH bHogSUdOdm JXMXBkSCBS bFpDQjBieU J6IGIyTnBZ V3dnY20gVn pjRzl1YzJs aSBhV3hwZE hrdUlGIFJv WlhrZ1pXNW 4gWVdkbElH bHVJSCBaaG NtbHZkWE1n IFkyOXRiWF Z1YVggUjVJ R2x1YVhScC BZWFJwZG1W eklHIEZ1Wk NCd2NtOXEg WldOMGN5Qm hhVyAxbFpD QmhkQ0JwIG JYQnliM1pw Ym0gY2dkR2 hsSUhGMSBZ V3hwZEhrZ2 IyIFlnYkds bVpTQnAgYm lCMGFHVWdZ WCBKbFlYTW dkMmhsIGNt VWdkR2hsZV MgQnZjR1Z5 WVhSbCBMan hpY2o0NExp IEE4YzNSeW IyNW4gUGxk dmNtdHdiRy BGalpTQkRk V3gwIGRYSm xQQzl6ZEgg SnZibWMrT2 lCVSBhR1Vn WTI5dGNHIE Z1ZVNCcGN5 QnIgYm05M2 JpQm1iMyBJ Z2NISnZiVz kwIGFXNW5J R0VnWkcgbD JaWEp6WlNC aCBibVFnYV c1amJIIFZ6 YVhabElIZH YgY210d2JH RmpaUyBCM2 FHVnlaU0Js IGJYQnNiM2 xsWlggTWdZ WEpsSUdWdS BZMjkxY21G blpXIFFnZE c4Z1kyOXMg YkdGaWIzSm hkRyBVZ1lX NWtJR2x1IG JtOTJZWFJs TGkgQlVhR1 Y1SUhaaCBi SFZsSUdWdG NHIHh2ZVdW bElHUmwgZG 1Wc2IzQnRa VyA1MElHRn VaQ0J2IFpt WmxjaUIyWV ggSnBiM1Z6 SUhSeSBZV2 x1YVc1bklI IEJ5YjJkeV lXMXogTGp4 aWNqNDVMaS BBOGMzUnli MjVuIFBrUn BaMmwwWVcg d2dWSEpoYm 5ObSBiM0p0 WVhScGIyID Q4TDNOMGNt OXUgWno0Nk lFRnlZMiBG a2FYTWdhR0 Z6IElHbHVk bVZ6ZEcgVm tJR2hsWVha cCBiSGtnYV c0Z1pHIGxu YVhSaGJDQj AgY21GdWMy WnZjbSAxaG RHbHZiaXdn IFptOWpkWE 5wYm0gY2di MjRnYVc1MC BaV2R5WVhS cGJtIGNnWk dsbmFYUmgg YkNCMGIyOX NjeSBCaGJt UWdjMjlzIG RYUnBiMjV6 SUggUm9jbT kxWjJodiBk WFFnZEdobG FYIElnY0hK dlkyVnogYz JWeklIUnZJ RyBWdWFHRn VZMlVnIGNI SnZhbVZqZE MgQmtaV3hw ZG1WeSBlU0 JoYm1RZ1ky IHhwWlc1ME lHVnUgWjJG blpXMWxibi BRdVBHSnlQ akV3IExpQT hjM1J5YjIg NW5QbFJvYj NWbiBhSFFn VEdWaFpHIF Z5YzJocGNE d3YgYzNSeW IyNW5QaiBv Z1FYSmpZV1 JwIGN5Qm1j bVZ4ZFcgVn VkR3g1SUhC MSBZbXhwYz JobGN5IEJ5 WlhObFlYSm ogYUNCaGJt UWdhVyA1em FXZG9kSE1n IGIyNGdkSE psYm0gUnpJ R0ZtWm1Wai BkR2x1WnlC MGFHIFVnWW 5WcGJIUWcg WVc1a0lHNW hkSCBWeVlX d2daVzUyIG FYSnZibTFs Ym4gUnpMQ0 JqYjI1MCBj bWxpZFhScG JtIGNnZEc4 Z1oyeHYgWW 1Gc0lHTnZi biBabGNuTm hkR2x2IGJu TWdZWEp2ZF cgNWtJSFZ5 WW1GdSBhWH BoZEdsdmJp IHdnWTJ4cG JXRjAgWlNC eVpYTnBiRy BsbGJtTmxM Q0JoIGJtUW dhVzVtY20g RnpkSEoxWT NSMSBjbVVn WkdWMlpXIH h2Y0cxbGJu UXUgUEdKeV BsUm9aWCBO bElHRnpjR1 ZqIGRITWdh R2xuYUcgeH BaMmgwSUVG eSBZMkZrYV hQaWdKIGx6 SUhKdmJHVW cgWVhNZ1lT QnJaWCBrZ2 NHeGhlV1Z5 IElHbHVJSE 5vWVggQnBi bWNnYzNWei BkR0ZwYm1G aWJHIFVnWV c1a0lISmwg YzJsc2FXVn VkQyBCbGJu WnBjbTl1IG JXVnVkSE1n ZDIgOXliR1 IzYVdSbCBM anhpY2o0PQ ogICAgICAg IDwvc3Bhbj 4KICAgICAg ICAKICAgIC AgICA=