Sanlam

Live  

Sanlam is a leading financial services group headquartered in South Africa. The company was founded in 1918 and has grown to become one of the largest insurance and investment companies on the African continent. It has a presence in over 33 countries, including South Africa, Namibia, Botswana, Mozambique, Malawi, Zambia, Tanzania, Uganda, Kenya, and Ghana.
Sanlam provides a wide range of financial products and services, including insurance, investment, retirement, and wealth management solutions. Its client base includes individuals, businesses, institutions, and corporations. The company's main focus is to help its clients achieve financial security and grow their wealth.
Sanlam is listed on the Johannesburg Stock Exchange (JSE) and has a market capitalization of over R200 billion. It has also expanded its operations to international markets, including the United Kingdom, India, Malaysia, and the Philippines.
The company has a strong commitment to corporate social responsibility and has various initiatives that support education, healthcare, and community development. It also has a focus on promoting environmental sustainability and has implemented a number of initiatives to reduce its environmental impact.
In addition to its financial services, Sanlam is also involved in the arts and sponsors various cultural events and initiatives. It is also a sponsor of the South African national rugby team, known as the Springboks.
Overall, Sanlam is a trusted and reputable financial services group with a strong focus on providing innovative solutions to its clients and making a positive impact on society.

U2FubGFtIG lzIGEgY29t cGFueSB0aG F0IGhlbHBz IHBlb3BsZS BtYW5hZ2Ug dGhlaXIgbW 9uZXkgYW5k IHBsYW4gZm 9yIHRoZSBm dXR1cmUuIE ltYWdpbmUg eW91IHdhbn QgdG8gYnV5 IHNvbWV0aG luZyBiaWcs IGxpa2UgYS B0b3kgb3Ig YSBiaWtlLC BidXQgeW91 IGRvbuKAmX QgaGF2ZSBl bm91Z2ggbW 9uZXkgcmln aHQgbm93Li BTYW5sYW0g aGVscHMgcG VvcGxlIHNh dmUgbW9uZX kgc28gdGhh dCBsYXRlci wgdGhleSBj YW4gYnV5IH doYXQgdGhl eSB3YW50IG 9yIGV2ZW4g cHJlcGFyZS Bmb3IgYmln IHRoaW5ncy BsaWtlIGJ1 eWluZyBhIG hvdXNlIG9y IHRha2luZy BjYXJlIG9m IHRoZWlyIG ZhbWlseS48 YnI+U2FubG FtIG1ha2Vz IG1vbmV5IG luIGEgZmV3 IGRpZmZlcm VudCB3YXlz LiBGaXJzdC wgdGhleSBo ZWxwIHBlb3 BsZSBzYXZl IG1vbmV5IG J5IG9mZmVy aW5nIHByb2 R1Y3RzIGxp a2Ugc2F2aW 5ncyBhY2Nv dW50cyBhbm QgaW5zdXJh bmNlLiBXaG VuIHBlb3Bs ZSBwYXkgZm 9yIHRoZXNl IHNlcnZpY2 VzLCBTYW5s YW0gZWFybn MgYSBmZWUu IFRoZXkgYW xzbyBoZWxw IHBlb3BsZS BpbnZlc3Qg dGhlaXIgbW 9uZXksIHdo aWNoIG1lYW 5zIHB1dHRp bmcgaXQgaW 50byB0aGlu Z3MgdGhhdC BjYW4gZ3Jv dyBvdmVyIH RpbWUsIGxp a2Ugc3RvY2 tzIG9yIGJv bmRzLiBXaG VuIHRob3Nl IGludmVzdG 1lbnRzIGdy b3csIFNhbm xhbSBjYW4g ZWFybiBhIH Byb2ZpdCBm cm9tIHRoZW 0gdG9vLjxi cj5TYW5sYW 0gaXMgc3Vj Y2Vzc2Z1bC BiZWNhdXNl IGEgbG90IG 9mIHBlb3Bs ZSB3YW50IH RvIHNhdmUg bW9uZXkgYW 5kIHByb3Rl Y3Qgd2hhdC B0aGV5IGhh dmUuIFRoZX kgaGF2ZSBi ZWVuIGFyb3 VuZCBmb3Ig YSBsb25nIH RpbWUsIHdo aWNoIGhlbH BzIHRoZW0g YnVpbGQgYS Bnb29kIHJl cHV0YXRpb2 4uIFBsdXMs IHRoZXkga2 VlcCB1cCB3 aXRoIG5ldy BpZGVhcyBh bmQgdGVjaG 5vbG9neSwg bWFraW5nIG l0IGVhc2ll ciBmb3IgcG VvcGxlIHRv IHNhdmUgYW 5kIGludmVz dC4gPGJyPk luIHRoZSBm dXR1cmUsIH RoZXkgd2ls bCBsaWtlbH kgc3RheSBz dWNjZXNzZn VsIGJlY2F1 c2UgcGVvcG xlIHdpbGwg YWx3YXlzIG 5lZWQgdG8g bWFuYWdlIH RoZWlyIG1v bmV5IGFuZC Bwcm90ZWN0 IHRoZWlyIG ZhbWlsaWVz LiBBcyBtb3 JlIHBlb3Bs ZSBsZWFybi BhYm91dCBz YXZpbmcgYW 5kIGludmVz dGluZywgY2 9tcGFuaWVz IGxpa2UgU2 FubGFtIHdp bGwgaGVscC BndWlkZSB0 aGVtLCB3aG ljaCBtZWFu cyB0aGV5IH dpbGwga2Vl cCBtYWtpbm cgbW9uZXkg YW5kIGhlbH BpbmcgbW9y ZSBwZW9wbG UuPGJyPg==

MS4gTG9uZ2 V2aXR5OiBT YW5sYW0gaX Mgb25lIG9m IHRoZSBvbG Rlc3QgYW5k IG1vc3QgZX N0YWJsaXNo ZWQgZmluYW 5jaWFsIHNl cnZpY2VzIG NvbXBhbmll cyBpbiBTb3 V0aCBBZnJp Y2EsIGhhdm luZyBiZWVu IGluIG9wZX JhdGlvbiBz aW5jZSAxOT E4Ljxicj4y LiBJbnRlcm 5hdGlvbmFs IHByZXNlbm NlOiBUaGUg Y29tcGFueS BoYXMgYSBz dHJvbmcgZm 9vdHByaW50 IG9uIHRoZS BBZnJpY2Fu IGNvbnRpbm VudCwgYXMg d2VsbCBhcy BvcGVyYXRp b25zIGluIE V1cm9wZSwg QXNpYSwgYW 5kIEF1c3Ry YWxpYS4gVG hpcyBhbGxv d3MgZm9yIG RpdmVyc2lm aWNhdGlvbi BhbmQgYWNj ZXNzIHRvIG RpZmZlcmVu dCBtYXJrZX RzLjxicj4z LiBGaW5hbm NpYWwgc3Ry ZW5ndGg6IF NhbmxhbSBo YXMgY29uc2 lzdGVudGx5 IHNob3duIH N0cm9uZyBm aW5hbmNpYW wgcGVyZm9y bWFuY2UsIH dpdGggYSBz b2xpZCBiYW xhbmNlIHNo ZWV0IGFuZC BzdGFibGUg Z3Jvd3RoLi BUaGlzIGhh cyBlYXJuZW QgaXQgaGln aCBjcmVkaX QgcmF0aW5n cyBmcm9tIG ludGVybmF0 aW9uYWwgYW dlbmNpZXMu PGJyPjQuIE RpdmVyc2lm aWVkIHNlcn ZpY2VzOiBT YW5sYW0gb2 ZmZXJzIGEg d2lkZSByYW 5nZSBvZiBm aW5hbmNpYW wgc2Vydmlj ZXMsIGluY2 x1ZGluZyBs aWZlIGluc3 VyYW5jZSwg aW52ZXN0bW VudCBtYW5h Z2VtZW50LC ByZXRpcmVt ZW50IHBsYW 5uaW5nLCBh bmQgd2VhbH RoIGNyZWF0 aW9uLiBUaG lzIGFsbG93 cyBjdXN0b2 1lcnMgdG8g YWNjZXNzIG 11bHRpcGxl IHNlcnZpY2 VzIHVuZGVy IG9uZSByb2 9mLjxicj41 LiBTb2NpYW wgcmVzcG9u c2liaWxpdH k6IFNhbmxh bSBpcyBjb2 1taXR0ZWQg dG8gbWFraW 5nIGEgcG9z aXRpdmUgaW 1wYWN0IGlu IHRoZSBjb2 1tdW5pdGll cyBpdCBvcG VyYXRlcyBp biB0aHJvdW doIHZhcmlv dXMgc29jaW FsIGludmVz dG1lbnQgaW 5pdGlhdGl2 ZXMuIFRoZX NlIGluY2x1 ZGUgZWR1Y2 F0aW9uIGFu ZCB5b3V0aC BkZXZlbG9w bWVudCwgY2 9tbXVuaXR5 IGhlYWx0aC wgYW5kIGVu dmlyb25tZW 50YWwgc3Vz dGFpbmFiaW xpdHkgcHJv amVjdHMuPG JyPjYuIElu bm92YXRpb2 46IFNhbmxh bSBoYXMgYS B0cmFjayBy ZWNvcmQgb2 YgYmVpbmcg aW5ub3ZhdG l2ZSBhbmQg YWRhcHRpbm cgdG8gY2hh bmdpbmcgbW Fya2V0IHRy ZW5kcy4gSX QgaGFzIGFs c28gYmVlbi ByZWNvZ25p emVkIGZvci BpdHMgdXNl IG9mIHRlY2 hub2xvZ3kg dG8gZW5oYW 5jZSBjdXN0 b21lciBleH BlcmllbmNl IGFuZCBzdH JlYW1saW5l IHByb2Nlc3 Nlcy48YnI+ Ny4gU3Ryb2 5nIGJyYW5k OiBTYW5sYW 0gaGFzIGVz dGFibGlzaG VkIGl0c2Vs ZiBhcyBhIH RydXN0ZWQg YW5kIHJlcH V0YWJsZSBi cmFuZCBpbi B0aGUgZmlu YW5jaWFsIH NlcnZpY2Vz IGluZHVzdH J5LCB3aW5u aW5nIHNldm VyYWwgYXdh cmRzIGFuZC BhY2NvbGFk ZXMgZm9yIG l0cyBzZXJ2 aWNlcyBhbm QgY29ycG9y YXRlIGdvdm VybmFuY2Uu PGJyPjguIE N1c3RvbWVy IGZvY3VzOi BUaGUgY29t cGFueSBwbG FjZXMgYSBz dHJvbmcgZW 1waGFzaXMg b24gdW5kZX JzdGFuZGlu ZyBhbmQgbW VldGluZyB0 aGUgbmVlZH Mgb2YgaXRz IGN1c3RvbW VycywgYW5k IGhhcyBhIH N0cm9uZyBj dXN0b21lci BzZXJ2aWNl IGN1bHR1cm UuPGJyPjku IEVtcGxveW VlIGRldmVs b3BtZW50Oi BTYW5sYW0g aW52ZXN0cy BpbiB0aGUg ZGV2ZWxvcG 1lbnQgb2Yg aXRzIGVtcG xveWVlcywg cHJvdmlkaW 5nIG9wcG9y dHVuaXRpZX MgZm9yIGdy b3d0aCBhbm Qgc2tpbGxz IGVuaGFuY2 VtZW50LiBU aGlzIGNyZW F0ZXMgYSBt b3RpdmF0ZW QgYW5kIHNr aWxsZWQgd2 9ya2ZvcmNl IHRoYXQgZG VsaXZlcnMg cXVhbGl0eS BzZXJ2aWNl cyB0byBjdX N0b21lcnMu PGJyPjEwLi BGaW5hbmNp YWwgZWR1Y2 F0aW9uOiBT YW5sYW0gaG FzIGEgc3Ry b25nIGZvY3 VzIG9uIGZp bmFuY2lhbC BlZHVjYXRp b24sIG9mZm VyaW5nIHRv b2xzIGFuZC ByZXNvdXJj ZXMgdG8gaG VscCBjdXN0 b21lcnMgbW FrZSBpbmZv cm1lZCBmaW 5hbmNpYWwg ZGVjaXNpb2 5zIGFuZCBp bXByb3ZlIH RoZWlyIGZp bmFuY2lhbC BsaXRlcmFj eS4=

VGhlIFNhbm xhbSBHcm91 cCBpcyBhIG RpdmVyc2lm aWVkIGZpbm FuY2lhbCBz ZXJ2aWNlcy Bjb21wYW55 IHdpdGggYn VzaW5lc3Nl cyBvcGVyYX RpbmcgaW4g aW5zdXJhbm NlLCBmaW5h bmNpYWwgcG xhbm5pbmcs IHJldGlyZW 1lbnQsIGlu dmVzdG1lbn RzLCBhbmQg d2VhbHRoIG 1hbmFnZW1l bnQuIFRoZW lyIGNvcmUg YnVzaW5lc3 MgbW9kZWwg aXMgZm9jdX NlZCBvbiBw cm92aWRpbm cgZmluYW5j aWFsIHNvbH V0aW9ucyBh bmQgc2Vydm ljZXMgdG8g aW5kaXZpZH VhbHMsIGJ1 c2luZXNzZX MsIGFuZCBp bnN0aXR1dG lvbnMsIGhl bHBpbmcgdG hlbSB0byBw cm90ZWN0IG FuZCBncm93 IHRoZWlyIH dlYWx0aC4g VGhpcyBpcy BhY2hpZXZl ZCB0aHJvdW doIGEgY29t YmluYXRpb2 4gb2YgaW5z dXJhbmNlIH Byb2R1Y3Rz LCBmdW5kIG 1hbmFnZW1l bnQsIGFuZC BpbnZlc3Rt ZW50IHN0cm F0ZWdpZXMu PGJyPlNhbm xhbeKAmXMg YnVzaW5lc3 MgbW9kZWwg aXMgY2VudG VyZWQgYXJv dW5kIHRocm VlIG1haW4g cGlsbGFycz ogY2xpZW50 LWNlbnRyaW NpdHksIGlu bm92YXRpb2 4sIGFuZCBv cGVyYXRpb2 5hbCBlZmZp Y2llbmN5Li BUaGV5IHN0 cml2ZSB0by B1bmRlcnN0 YW5kIHRoZW lyIGNsaWVu dHPigJkgbm VlZHMgYW5k IHRhaWxvci B0aGVpciBm aW5hbmNpYW wgc29sdXRp b25zIHRvIG 1lZXQgdGhv c2UgbmVlZH MuIEluIGFk ZGl0aW9uLC B0aGV5IGNv bnRpbnVvdX NseSBpbm5v dmF0ZSBhbm QgYWRhcHQg dG8gY2hhbm dpbmcgbWFy a2V0IGNvbm RpdGlvbnMg dG8gZW5zdX JlIHRoZWly IGNsaWVudH MgaGF2ZSBh Y2Nlc3MgdG 8gdGhlIGJl c3QgYW5kIG 1vc3QgcmVs ZXZhbnQgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzLiBM YXN0bHksIH RoZXkgZm9j dXMgb24gb3 BlcmF0aW9u YWwgZWZmaW NpZW5jeSB0 byBlbnN1cm UgdGhhdCB0 aGVpciBvZm ZlcmluZ3Mg YXJlIGNvc3 QtZWZmZWN0 aXZlIGFuZC BzdXN0YWlu YWJsZS48Yn I+U2FubGFt 4oCZcyBidX NpbmVzcyBt b2RlbCBhbH NvIGluY2x1 ZGVzIHN0cm F0ZWdpYyBw YXJ0bmVyc2 hpcHMgYW5k IGFjcXVpc2 l0aW9ucyB0 byBleHBhbm QgdGhlaXIg Zm9vdHByaW 50IGFuZCBj YXBhYmlsaX RpZXMgaW4g dGhlIGZpbm FuY2lhbCBz ZXJ2aWNlcy BpbmR1c3Ry eS4gVGhleS BoYXZlIGEg c3Ryb25nIH ByZXNlbmNl IGluIEFmcm ljYSwgd2l0 aCBvcGVyYX Rpb25zIGlu IG92ZXIgMz AgY291bnRy aWVzLCBhbm QgYXJlIGFs c28gZXhwYW 5kaW5nIGlu dG8gbmV3IG 1hcmtldHMg Z2xvYmFsbH kuPGJyPk92 ZXJhbGwsIF NhbmxhbeKA mXMgYnVzaW 5lc3MgbW9k ZWwgaXMgYn VpbHQgb24g cHJvdmlkaW 5nIGNvbXBy ZWhlbnNpdm UgYW5kIHBl cnNvbmFsaX plZCBmaW5h bmNpYWwgc2 9sdXRpb25z IHRvIHRoZW lyIGNsaWVu dHMsIHdoaW xlIGFsc28g ZHJpdmluZy Bncm93dGgg YW5kIHZhbH VlIGZvciB0 aGVpciBzaG FyZWhvbGRl cnMu

AI does present potential challenges and opportunities to Sanlam, a financial services group offering insurance, investment, and savings products.
1. Substitution: AI technologies can enhance or replace traditional financial services. For example, robo-advisors can provide investment advice at a lower cost than human advisors. If AI-driven solutions offer more personalized, efficient, and cost-effective options, they could directly compete with Sanlam’s offerings, particularly in the investment and advisory segments.
2. Disintermediation: The rise of AI and digital platforms enables consumers to access services directly, bypassing traditional intermediaries. This shift could impact Sanlam’s distribution model, especially if customers opt for peer-to-peer insurance platforms or digital investment alternatives that utilize AI for risk assessment and pricing. If these platforms gain traction, they may erode Sanlam’s market share.
3. Margin Pressure: Increased competition from AI-driven firms could lead to price wars, pressuring profit margins across products and services. As AI technologies lower operational costs for competitors, Sanlam may need to reduce its prices or enhance its offerings to maintain competitiveness. This could affect profitability, especially if Sanlam does not efficiently integrate AI into its own operations.
However, it is also important to recognize that AI can be leveraged for competitive advantage. By integrating AI into its operations, Sanlam could improve customer service, enhance risk assessment, and optimize investment strategies, thereby potentially mitigating some of the threats while capitalizing on new opportunities. Ultimately, the impact of AI will depend on how effectively Sanlam navigates these challenges while leveraging technological advancements to enhance its product and service offerings.

The sensitivity of Sanlam’s earnings, cash flow, and valuation to changes in interest rates can be understood through several key factors:
1. Earnings Sensitivity: Sanlam, as a financial services group involved in insurance and asset management, is affected by interest rates mainly through its investment portfolio and the pricing of its insurance products. Higher interest rates can lead to increased yields on investments, potentially boosting earnings from fixed-income securities. Conversely, if rates rise sharply, it may result in lower demand for insurance products, affecting premium income and thus earnings.
2. Cash Flow Sensitivity: Changes in interest rates can also impact cash flow. Higher interest rates may increase the cost of debt, affecting cash outflows related to interest payments. Additionally, if the financial markets react negatively to interest rate hikes, it may lead to volatility in investment returns, influencing the cash flows from investment income. On the other hand, if rates rise gradually and yield curves steepen, it could enhance cash flows from reinvestments.
3. Valuation Sensitivity: The valuation of Sanlam is often linked to the discount rate applied to its future cash flows. Higher interest rates typically lead to higher discount rates, which can decrease the present value of future cash flows, resulting in a lower valuation for the company. Conversely, lower interest rates make future cash flows more valuable, potentially increasing the company’s valuation. Moreover, interest rates affect investor sentiment and market conditions, which can also play a role in Sanlam’s market valuation.
In summary, Sanlam’s earnings, cash flow, and valuation are sensitive to changes in interest rates, with increases potentially leading to both positive impacts, such as higher investment yields, and negative impacts, like increased costs or reduced sensitivity in demand for insurance products and loans. The net effect will depend on various factors including the pace of rate changes, the economic environment, and Sanlam’s specific operational dynamics.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgU2 FubGFt4oCZ cyBlY29ub2 1pY3Mgb3Zl ciB0aGUgbm V4dCAz4oCT NSB5ZWFycy Bjb3VsZCBi ZSBhIHNpZ2 5pZmljYW50 IGluY3JlYX NlIGluIHJl Z3VsYXRvcn kgcHJlc3N1 cmVzIGFuZC Bjb21wbGlh bmNlIGNvc3 RzIHdpdGhp biB0aGUgZm luYW5jaWFs IHNlcnZpY2 VzIGluZHVz dHJ5LCBwYX J0aWN1bGFy bHkgZm9jdX Npbmcgb24g aW5zdXJhbm NlIGFuZCBp bnZlc3RtZW 50IHNlY3Rv cnMuIFRoaX Mgc2NlbmFy aW8gbWF5IG FyaXNlIGZy b20gaGVpZ2 h0ZW5lZCBz Y3J1dGlueS BkdWUgdG8g ZWNvbm9taW Mgdm9sYXRp bGl0eSBvci BoaWdoLXBy b2ZpbGUgY2 9ycG9yYXRl IGZhaWx1cm VzLCBsZWFk aW5nIHRvIH N0cmluZ2Vu dCByZWd1bG F0aW9ucyBh aW1lZCBhdC BlbmhhbmNp bmcgY29uc3 VtZXIgcHJv dGVjdGlvbi BhbmQgbWFy a2V0IHN0YW JpbGl0eS48 YnI+SWYgdG hpcyB3ZXJl IHRvIG9jY3 VyLCB0aGUg aW1wYWN0cy BvbiBTYW5s YW3igJlzIG ZpbmFuY2lh bCBtZXRyaW NzIGNvdWxk IGJlIHByb2 ZvdW5kLiBN YXJnaW5zIG NvdWxkIGJl IGFkdmVyc2 VseSBhZmZl Y3RlZCBhcy Bjb21wbGlh bmNlIGNvc3 RzIGFuZCBw b3RlbnRpYW xseSBoaWdo ZXIgY2FwaX RhbCByZXNl cnZlcyB3b3 VsZCBlYXQg aW50byBwcm 9maXRhYmls aXR5LiBUaG UgbmVlZCB0 byBpbnZlc3 QgaW4gdGVj aG5vbG9neS BhbmQgcmVz b3VyY2VzIH RvIG1lZXQg bmV3IHJlZ3 VsYXRvcnkg cmVxdWlyZW 1lbnRzIGNv dWxkIGZ1cn RoZXIgY29t cHJlc3Mgb3 BlcmF0aW5n IG1hcmdpbn MsIG1ha2lu ZyBpdCBtb3 JlIGNoYWxs ZW5naW5nIH RvIG1haW50 YWluIGNvbX BldGl0aXZl IHByaWNpbm cuPGJyPkNh c2ggZmxvdy B3b3VsZCBh bHNvIGJlIG 5lZ2F0aXZl bHkgaW1wYW N0ZWQuIElu Y3JlYXNlZC Bjb3N0cyBy ZWxhdGVkIH RvIGNvbXBs aWFuY2UgY2 91bGQgbWVh biB0aGF0IG EgbGFyZ2Vy IHBvcnRpb2 4gb2YgcmV2 ZW51ZSBpcy BkaXJlY3Rl ZCB0b3dhcm RzIG9uZ29p bmcgb3Blcm F0aW9uYWwg ZXhwZW5kaX R1cmVzLCBy ZWR1Y2luZy B0aGUgYXZh aWxhYmxlIG Nhc2ggZmxv dyBmb3IgaW 52ZXN0bWVu dCBvcHBvcn R1bml0aWVz IG9yIHNoYX JlaG9sZGVy IHJldHVybn MuIElmIHRo ZSByZWd1bG F0aW9ucyBy ZXF1aXJlIH NpZ25pZmlj YW50IHVwZn JvbnQgaW52 ZXN0bWVudH MgaW4gdGVj aG5vbG9neS BvciBzeXN0 ZW1zIGFkan VzdG1lbnRz LCB0aGlzIG NvdWxkIGNy ZWF0ZSBhIH RlbXBvcmFy eSBjYXNoIG Zsb3cgY3J1 bmNoLjxicj 5GdXJ0aGVy bW9yZSwgdG hlIGJhbGFu Y2Ugc2hlZX QgY291bGQg cmVmbGVjdC BpbmNyZWFz ZWQgbGlhYm lsaXRpZXMg ZHVlIHRvIH RoZSBuZWVk IGZvciBtb3 JlIHN1YnN0 YW50aWFsIH Jlc2VydmVz IG9yIHByb3 Zpc2lvbnMg c2V0IGFzaW RlIHRvIGNv dmVyIHBvdG VudGlhbCBj b21wbGlhbm NlIHBlbmFs dGllcyBvci BsaWFiaWxp dGllcyBhcm lzaW5nIGZy b20gcmVndW xhdG9yeSBj aGFuZ2VzLi BJZiBpbnZl c3RvciBjb2 5maWRlbmNl IHdhdmVycy BpbiBsaWdo dCBvZiB0aG VzZSBodXJk bGVzLCBpdC Bjb3VsZCBy ZXN1bHQgaW 4gYSBkZWNy ZWFzZSBpbi B0aGUgY29t cGFueeKAmX Mgc3RvY2sg cHJpY2UsIG Z1cnRoZXIg aW1wYWN0aW 5nIG1hcmtl dCBjYXBpdG FsaXphdGlv biBhbmQgcG 90ZW50aWFs bHkgbGVhZG luZyB0byBh IG1vcmUgY2 F1dGlvdXMg YXBwcm9hY2 ggaW4gY2Fw aXRhbCBzdH J1Y3R1cmUg YWRqdXN0bW VudC48YnI+ SW4gc3VtbW FyeSwgYSBz Y2VuYXJpby BvZiBpbnRl bnNpZmllZC ByZWd1bGF0 b3J5IHNjcn V0aW55IGNv dWxkIGxlYW QgdG8gY29t cHJlc3NlZC BtYXJnaW5z LCBkaW1pbm lzaGVkIGNh c2ggZmxvdy wgYW5kIGFu IGFsdGVyZW QgYmFsYW5j ZSBzaGVldC Bmb3IgU2Fu bGFtLCBuZW Nlc3NpdGF0 aW5nIHN0cm F0ZWdpYyBw aXZvdHMgdG 8gbmF2aWdh dGUgdGhlIG NvbXBsZXgg bGFuZHNjYX BlIHdoaWxl IHN0cml2aW 5nIHRvIG1h aW50YWluIG NvbXBldGl0 aXZlbmVzcy 48YnI+

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 bG9nb3MvWH paUHdkUWxy Z00xdXZab0 pBM2oud2Vi cCIgYWx0PS JTYW5sYW0i IHRpdGxlPS JTYW5sYW0i ICBjbGFzcz 0iaW1nLWZs dWlkIiBoZW lnaHQ9NTAg d2lkdGg9NT AgbG9hZGlu Zz0nbGF6eS cgc3R5bGU9 J2JvcmRlci 1yYWRpdXM6 IDZweDsnPg oKICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdmbGV4 OiAxOyB0ZX h0LWFsaWdu OiBjZW50ZX I7IG1hcmdp bi1sZWZ0Oi A1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPHAgc3R5 bGU9J2Zvbn Qtc2l6ZTog MjZweDsgY2 9sb3I6ICMz MzM7IG1hcm dpbi1ib3R0 b206IDE1cH g7Jz4KICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIPCfk4gg V2FudCB0by ByZWFkIG1v cmUgYWJvdX QgU2FubGFt PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TpSBH ZXQgb3VyIG ZyZWUgZUJv b2sgbm93Oi A8aT4iVGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2NrcyI8 L2k+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv cD4KCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwh LS0KICAgIC AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nbWFyZ2lu LXRvcDogMT JweDsgZm9u dC1zaXplOi AxM3B4OyBj b2xvcjogIz Q0NDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgU2ln biB1cCBub3 cgYW5kIGdl dCBvdXIgZn JlZSBlQm9v ayAKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IDxiPlRoZS BDaGVja2xp c3QgVmFsdW UgSW52ZXN0 b3Ig4oCUIE EgU21hcnRl ciBXYXkgdG 8gUGljayBT dG9ja3M8L2 I+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPCEtLQ ogICAgICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdt YXJnaW4tdG 9wOiAxNnB4 OyBmb250LX NpemU6IDE0 cHg7IGNvbG 9yOiAjNDQ0 OyBmb250LW ZhbWlseTog LWFwcGxlLX N5c3RlbSwg QmxpbmtNYW NTeXN0ZW1G b250LCBTZW dvZSBVSSwg Um9ib3RvLC BIZWx2ZXRp Y2EgTmV1ZS wgc2Fucy1z ZXJpZjsgbG luZS1oZWln aHQ6IDEuNj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgSGF2ZSB5 b3UgaGVhcm QgYWJvdXQg b3VyIHNob3 J0IDxzdHJv bmcgc3R5bG U9J2ZvbnQt d2VpZ2h0Oi A2MDA7Jz5E YWlseSBWaW RlbyBOZXdz bGV0dGVyPC 9zdHJvbmc+ PwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGEgaHJlZj 0naHR0cHM6 Ly93d3cuaW 5zaWdodGZ1 bHZhbHVlLm NvbS9uZXdz bGV0dGVyLn BocCcgdGFy Z2V0PSdfYm xhbmsnIHN0 eWxlPSdjb2 xvcjogIzAw N0JGRjsgdG V4dC1kZWNv cmF0aW9uOi Bub25lOyBm b250LXdlaW dodDogNTAw OyBtYXJnaW 4tbGVmdDog NnB4Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgRmluZCBv dXQgbW9yZQ ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9hPgogICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgICAgICAg ICAgICAgLS 0+CiAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg IAogICAgIC AgIAogICAg ICAgIDxzcG FuIGNsYXNz PSdibHVycm VkLXRleHQn PgogICAgIC AgICAgICBV Mmx1WTJVZ2 FYIFJ6SUdW dFpYSm4gWl c1alpTQnBi aSBBeE9URT RMQ0JUIFlX NXNZVzBnYU cgRnpJR2R5 YjNkdSBJSF J2SUdKbFky IDl0WlNCdm JtVWcgYjJZ Z2RHaGxJRy B4aGNtZGxj M1FnIFptbH VZVzVqYVcg RnNJSE5sY2 5acCBZMlZ6 SUdkeWIzIF Z3Y3lCcGJp QkIgWm5KcF kyRXNJSCBk cGRHZ2dZU0 J3IGNtVnpa VzVqWlMgQn BiaUJ2ZG1W eSBJRFF3SU dOdmRXIDUw Y21sbGN5ND ggWW5JK01T NGdRbSBWbm FXNXVhVzVu IGN5QnBiaU JoSUggTnRZ V3hzSUdaaC BjbTFvYjNW elpUIHhpY2 o1VFlXNXMg WVczaWdKbH pJRyBwdmRY SnVaWGtnIF ltVm5ZVzRn YVcgNGdZU0 J6YldGcyBi Q0JtWVhKdG FHIDkxYzJV Z2FXNGcgZE dobElIUnZk MiA0Z2IyWW dWMlZzIGJH bHVaM1J2Ym kgd2dVMjkx ZEdnZyBRV1 p5YVdOaExp IEJKZENCM1 lYTWcgWlhO MFlXSnNhWC BOb1pXUWdZ bmtnIFNIVm laWEowZFgg TWdkbUZ1SU dSbCBjaUJO WlhKM1pTIH dnWVNCc2Iy TmggYkNCbV lYSnRaWCBJ c0lIZG9ieU J6IFlYY2dk R2hsSUcgNW xaV1FnWm05 eSBJR0VnYz JGMmFXIDVu Y3lCelkyaG wgYldVZ1pt OXlJSCBSb1 pTQnlkWEpo IGJDQmpiMj F0ZFcgNXBk SGt1UEdKeS BQakl1SUZO dmRYIFJvSU VGbWNtbGog WWVLQW1YTW dabSBseWMz UWdiR2xtIF pTQnBibk4x Y20gRnVZMl VnWTI5dCBj R0Z1ZVR4aW NqIDVKYmlB eE9URTQgTE NCVFlXNXNZ VyAwZ1ltVm pZVzFsIElI Um9aU0JtYV ggSnpkQ0Jq YjIxdyBZVz U1SUdsdUlG IE52ZFhSb0 lFRm0gY21s allTQjBieS BCdlptWmxj aUJzIGFXWm xJR2x1YzMg VnlZVzVqWl NCMCBieUJp YkdGamF5IE JqYVhScGVt VnUgY3l3Z1 lYUWdZUyBC MGFXMWxJSG RvIFpXNGdi Vzl6ZEMgQm 1hVzVoYm1O cCBZV3dnYz JWeWRtIGxq WlhNZ2QyVn kgWlNCc2FX MXBkRyBWa0 lIUnZJSFJv IFpTQjNhR2 wwWlMgQndi M0IxYkdGMC BhVzl1TGp4 aWNqIDR6TG lCTWFYTjAg WldRZ2IyNG dkRyBobElF cHZhR0Z1IG JtVnpZblZ5 WnkgQlRkRz lqYXlCRiBl R05vWVc1bl pUIHhpY2o1 VFlXNXMgWV cwZ2JHbHpk RyBWa0lHOX VJSFJvIFpT QktiMmhoYm 0gNWxjMkox Y21jZyBVM1 J2WTJzZ1JY IGhqYUdGdV oyVWcgYVc0 Z01UazVPQy B3Z2QybDBh Q0JwIGRITW djMmhoY20g VnpJR0psYV c1biBJRzl3 Wlc0Z2RHID hnZEdobElI QjEgWW14cF l5Qm1iMyBJ Z2RHaGxJR1 pwIGNuTjBJ SFJwYlcgVX VQR0p5UGpR dSBJRTFoYW 05eUlHIEZq Y1hWcGMybD AgYVc5dWN6 eGljaiA1VF lXNXNZVzBn IGFHRnpJR1 Y0Y0cgRnVa R1ZrSUdsMC BjeUJ2Y0dW eVlYIFJwYj I1eklIUm8g Y205MVoyZ2 dkbSBGeWFX OTFjeUJ6IG RISmhkR1Zu YVcgTWdZV0 54ZFdseiBh WFJwYjI1ek xDIEJwYm1O c2RXUnAgYm 1jZ2RHaGxJ SCBCMWNtTm 9ZWE5sIElH OW1JRk5vY2 0gbHlZVzBn VEdsbSBaU0 JKYm5OMWNt IEZ1WTJVZ1 EyOXQgY0dG dWVTQnBiaS BCSmJtUnBZ U0JwIGJpQX lNREV5TEMg QmhibVFnZE dobCBJR0Zq Y1hWcGMyIG wwYVc5dUlH OW0gSUdFZ0 5UTWxJSCBO MFlXdGxJR2 x1IElGTmhh R0Z0SUUgWn BibUZ1WTJW eiBMQ0JoSU d4bFlXIFJw Ym1jZ2FXNX ogZFhKaGJt TmxJRyBOdm JYQmhibmtn IGFXNGdRV1 p5YVcgTmhM Q0JwYmlBeS BNREU0TGp4 aWNqIDQxTG lCRWFYWmwg Y25OcFptbG xaQyBCbWFX NWhibU5wIF lXd2djMlZ5 ZG0gbGpaWE 1nWjNKdiBk WEE4WW5JK1 UyIEZ1YkdG dElHbHogSU c1dmR5QmhJ RyBScGRtVn ljMmxtIGFX VmtJR1pwYm 0gRnVZMmxo YkNCeiBaWE oyYVdObGN5 IEJuY205MW NDd2cgYjJa bVpYSnBibS BjZ1lTQnlZ VzVuIFpTQn ZaaUJ3Y20g OWtkV04wY3 lCaCBibVFn YzJWeWRtIG xqWlhNZ2FX NWogYkhWa2 FXNW5JRyBs dWMzVnlZVz VqIFpTd2dh VzUyWlggTj BiV1Z1ZEhN cyBJSEpsZE dseVpXIDFs Ym5RZ2NHeG ggYm01cGJt Y3NJRyBGdV pDQjNaV0Zz IGRHZ2diV0 Z1WVcgZGxi V1Z1ZEM0OC BZbkkrTmk0 Z1UzIEJ2Ym 5OdmNuTm8g YVhBZ2IyWW diVyBGcWIz SWdjM0J2IG NuUnBibWNn WlggWmxibl J6UEdKeSBQ bE5oYm14aG JTIEJvWVhN Z1lTQnogZE hKdmJtY2dZ MiA5dGJXbD BiV1Z1IGRD QjBieUJ6ZF ggQndiM0ow YVc1biBJSE 53YjNKMGN5 IEJoYm1RZ2 FHRnogSUdK bFpXNGdkRy BobElIUnBk R3hsIElITn diMjV6YjMg SWdiMllnZE dobCBJSEJ2 Y0hWc1lYIE lnUTJGd1pT QlUgYjNkdU lFMWhjbSBG MGFHOXVJSE 5wIGJtTmxJ REU1T1QgVX VJRWwwSUdo aCBjeUJoYk hOdklHIEps Wlc0Z1lTQn IgWlhrZ2Mz QnZibiBOdm NpQnZaaUIw IGFHVWdVMj kxZEcgZ2dR V1p5YVdOaC BiaUJ5ZFdk aWVTIEIwWl dGdExDQjAg YUdVZ1UzQn lhVyA1bllt OXJjeXdnIG MybHVZMlVn TVQgazVOaT Q4WW5JKyBO eTRnUTI5eW NHIDl5WVhS bElITnYgWT JsaGJDQnBi biBabGMzUn RaVzUwIFBH SnlQbE5oYm 0geGhiU0Jw Y3lCaiBiMj F0YVhSMFpX IFFnZEc4Z2 JXRnIgYVc1 bklHRWdaRy BsbVptVnla VzVqIFpTQn BiaUIwYUcg VWdZMjl0Yl hWdSBhWFJw WlhNZ2FYIF FnYjNCbGNt RjAgWlhNZ2 FXNHVJRSBs MElHaGhjeU JoIElHTnZi WEJ5WlcgaG xibk5wZG1V ZyBZMjl5Y0 c5eVlYIFJs SUhOdlkybG ggYkNCcGJu WmxjMyBSdF pXNTBJSEJ5 IGIyZHlZVz BzSUcgWnZZ M1Z6WldRZy BiMjRnWldS MVkyIEYwYV c5dUxDQm8g WldGc2RHZ3 NJRyBGdVpD QmxZMjl1IG IyMXBZeUJs YlggQnZkMl Z5YldWdSBk QzQ4WW5JK0 9DIDRnVFdG cWIzSWcgWl cxd2JHOTVa WCBJOFluSS tVMkZ1IGJH RnRJR2x6SU cgOXVaU0J2 WmlCMCBhR1 VnYkdGeVoy IFZ6ZENCbG JYQnMgYjNs bGNuTWdhVy A0Z2RHaGxJ R1pwIGJtRn VZMmxoYkMg QnpaWEoyYV dObCBjeUJ6 WldOMGIzIE lnYVc0Z1Uy OTEgZEdnZ1 FXWnlhVyBO aExDQjNhWF JvIElHOTJa WElnTVQga3 NNREF3SUdW dCBjR3h2ZV dWbGN5IDQ4 WW5JK09TNG cgUVhkaGNt UnpJRyBGdV pDQnlaV052 IFoyNXBkR2 x2YmogeGlj ajVUWVc1cy BZVzBnYUdG eklIIEpsWT JWcGRtVmsg SUc1MWJXVn liMyBWeklH RjNZWEprIG N5QmhibVFn Y20gVmpiMm R1YVhScCBi MjRnWm05eU lHIGwwY3lC bWFXNWggYm 1OcFlXd2dj MiBWeWRtbG paWE1nIFlX NWtJR052Y2 4gQnZjbUYw WlNCdyBaWE ptYjNKdFlX IDVqWlM0Z1 NYUWcgYUdG eklHSmxaVy A0Z2JtRnRa V1FnIGRHaG xJRUpsYzMg UWdSbWx1WV c1aiBhV0Zz SUZObGNuIF pwWTJWeklF ZHkgYjNWd0 lHbHVJRSBG bWNtbGpZU0 JpIGVTQjJZ WEpwYjMgVn pJR2x1ZEdW eSBibUYwYV c5dVlXIHdn Y0hWaWJHbG ogWVhScGIy NXpMQyBCaG JtUWdhVzRn IE1qQXhPU3 dnYVggUWdk MkZ6SUhKaC BibXRsWkNC aGN5IEIwYU dVZ2JXOXog ZENCemRYTj BZVyBsdVlX SnNaU0JwIG JuTjFjbVZ5 SUcgbHVJSF JvWlNCMyBi M0pzWkNCaW VTIEIwYUdV Z1JHOTMgSU VwdmJtVnpJ RiBOMWMzUm hhVzVoIFlt bHNhWFI1SU UgbHVaR1Y0 TGp4aSBjaj R4TUM0Z1Uz IFZ6ZEdGcG JtRmkgYVd4 cGRIa2dabS A5amRYTThZ bkkrIFUyRn ViR0Z0SUcg aGhjeUJoSU hOMCBjbTl1 WnlCbWIyIE 4xY3lCdmJp QnogZFhOMF lXbHVZVyBK cGJHbDBlU0 JoIGJtUWdh R0Z6SUcgMW haR1VnWTI5 dCBiV2wwYl dWdWRIIE1n ZEc4Z1lXTm 8gYVdWMlpT QmpZWCBKaW IyNGdibVYx IGRISmhiR2 wwZVMgQmll U0F5TURJMS BJR0Z1WkNC MGJ5IEJwYm 1OeVpXRnog WlNCcGRITW djbSBWdVpY ZGhZbXhsIE lHVnVaWEpu ZVMgQnBibl psYzNSdCBa VzUwY3k0Z1 NYIFFnYUdG eklHRnMgYz I4Z2JHRjFi bSBOb1pXUW dkbUZ5IGFX OTFjeUJwYm 0gbDBhV0Yw YVhabCBjeU IwYnlCd2Nt IDl0YjNSbE lHWnAgYm1G dVkybGhiQy BCc2FYUmxj bUZqIGVTQm hibVFnYzMg VndjRzl5ZE NCeiBiV0Zz YkNCaWRYIE 5wYm1WemN5 QmsgWlhabG JHOXdiVyBW dWRDQnBiaU JrIGFYTmha SFpoYm4gUm haMlZrSUdO diBiVzExYm 1sMGFXIFZ6 TGc9PQogIC AgICAgIDwv c3Bhbj4KIC AgICAgICAK ICAgICAgIC A=