Spectrum Brands Holdings Inc

-7.52%

Live  

Spectrum Brands Holdings Inc. is a diversified consumer products company that operates in various markets including home and garden, personal care, and home appliances. Founded in 1906 and headquartered in Middleton, Wisconsin, the company has grown through a combination of organic growth and strategic acquisitions.
Spectrum Brands is known for its well-established brands in categories such as pet care, outdoor products, and personal grooming, including popular names like Rayovac, Remington, and Black & Decker. The company focuses on innovation and product development to meet the evolving needs of consumers.
The business is segmented into several major areas: Global Consumer Batteries, Global Pet Supplies, Home & Garden, and Small Appliances. This diversification helps to mitigate risks and provides multiple revenue streams.
Spectrum Brands is publicly traded on the New York Stock Exchange under the ticker symbol SPB. Over the years, the company has faced various challenges, including market competition, supply chain issues, and fluctuating economic conditions, but has worked to adapt to changes in consumer behavior and preferences.
The company is also committed to corporate responsibility and sustainability, striving to reduce its environmental impact and improve the communities in which it operates.

U3BlY3RydW 0gQnJhbmRz IEhvbGRpbm dzIEluYyBp cyBhIGJpZy Bjb21wYW55 IHRoYXQgbW FrZXMgbWFu eSBkaWZmZX JlbnQgcHJv ZHVjdHMgeW 91IG1pZ2h0 IGZpbmQgaW 4geW91ciBo b21lLiBUaG V5IGNyZWF0 ZSB0aGluZ3 MgbGlrZSB0 b290aGJydX NoZXMsIGJh dHRlcmllcy wgaG9tZSBh cHBsaWFuY2 VzLCBhbmQg ZXZlbiBwZX Qgc3VwcGxp ZXMuIEltYW dpbmUgYSBn aWFudCB0b2 9sYm94IGZp bGxlZCB3aX RoIGFsbCBz b3J0cyBvZi B1c2VmdWwg dGhpbmdz4o CUdGhhdOKA mXMgd2hhdC BTcGVjdHJ1 bSBCcmFuZH MgZG9lcyE8 YnI+VGhpcy Bjb21wYW55 IG1ha2VzIG 1vbmV5IGJ5 IHNlbGxpbm cgdGhlc2Ug cHJvZHVjdH MgdG8gc3Rv cmVzLCB3aG ljaCB0aGVu IHNlbGwgdG hlbSB0byBw ZW9wbGUgbG lrZSB5b3Vy IGZhbWlseS 4gU28sIHdo ZW4geW91IG J1eSBhIGJh dHRlcnkgZm 9yIHlvdXIg cmVtb3RlIG NvbnRyb2wg b3IgYSBuaW NlIHRvb3Ro YnJ1c2gsIG EgcGFydCBv ZiB0aGF0IG 1vbmV5IGdv ZXMgdG8gU3 BlY3RydW0g QnJhbmRzLj xicj5TcGVj dHJ1bSBCcm FuZHMgaXMg c3VjY2Vzc2 Z1bCBmb3Ig YSBmZXcgcm Vhc29ucy4g Rmlyc3QsIH RoZXkgaGF2 ZSBhIHZhcm lldHkgb2Yg cHJvZHVjdH MsIHdoaWNo IG1lYW5zIH RoZXkgY2Fu IHNlbGwgdG 8gbWFueSBk aWZmZXJlbn QgY3VzdG9t ZXJzLiBTb2 1lIHBlb3Bs ZSBtaWdodC B3YW50IHRo ZWlyIHNuYW Nrcywgd2hp bGUgb3RoZX JzIG5lZWQg bmV3IGJhdH Rlcmllcy4g SGF2aW5nIG Egd2lkZSBz ZWxlY3Rpb2 4gaGVscHMg dGhlbSByZW FjaCBtb3Jl IHBlb3BsZS 48YnI+U2Vj b25kLCB0aG V5IGZvY3Vz IG9uIG1ha2 luZyBnb29k LXF1YWxpdH kgcHJvZHVj dHMuIElmIH Blb3BsZSB0 cnVzdCB0aG F0IHRoZWly IHRvb3RoYn J1c2ggd2ls bCBjbGVhbi B0aGVpciB0 ZWV0aCB3ZW xsIG9yIHRo YXQgdGhlaX IgYmF0dGVy aWVzIHdpbG wgbGFzdCBh IGxvbmcgdG ltZSwgdGhl eSBhcmUgbW 9yZSBsaWtl bHkgdG8gYn V5IHRob3Nl IHByb2R1Y3 RzIGFnYWlu IGluIHRoZS BmdXR1cmUu IEhhcHB5IG N1c3RvbWVy cyBvZnRlbi B0ZWxsIHRo ZWlyIGZyaW VuZHMgYWJv dXQgdGhlIH Byb2R1Y3Rz IHRoZXkgbG lrZSwgc28g bW9yZSBwZW 9wbGUgd2Fu dCB0byB0cn kgdGhlbS48 YnI+RmluYW xseSwgU3Bl Y3RydW0gQn JhbmRzIGtl ZXBzIHJlaW 52ZW50aW5n IGl0c2VsZi BieSBjcmVh dGluZyBuZX cgcHJvZHVj dHMgYW5kIG ltcHJvdmlu ZyBvbGQgb2 5lcy4gVGhl eSBwYXkgYX R0ZW50aW9u IHRvIHdoYX QgY3VzdG9t ZXJzIHdhbn QgYW5kIG1h a2UgY2hhbm dlcyB0byBz dGF5IHBvcH VsYXIuIDxi cj5CZWNhdX NlIG9mIHRo ZXNlIHJlYX NvbnPigJRo YXZpbmcgYS B2YXJpZXR5 IG9mIHByb2 R1Y3RzLCBt YWtpbmcgZ2 9vZCBxdWFs aXR5IGl0ZW 1zLCBhbmQg YWx3YXlzIH RyeWluZyB0 byBpbXByb3 Zl4oCUU3Bl Y3RydW0gQn JhbmRzIGlz IGxpa2VseS B0byBzdGF5 IHN1Y2Nlc3 NmdWwgaW4g dGhlIGZ1dH VyZS4gVGhl eSB3aWxsIG tlZXAgZmlu ZGluZyB3YX lzIHRvIGhl bHAgcGVvcG xlIGFuZCBt YWtlIHRoZW lyIGxpdmVz IGVhc2llci wgd2hpY2gg bWVhbnMgbW 9yZSBjdXN0 b21lcnMgd2 lsbCBrZWVw IGNvbWluZy BiYWNrIGZv ciB0aGVpci Bwcm9kdWN0 cy48YnI+

U3BlY3RydW 0gQnJhbmRz IEhvbGRpbm dzIEluYyBp cyBhIGRpdm Vyc2lmaWVk IGNvbnN1bW VyIGdvb2Rz IGNvbXBhbn kga25vd24g Zm9yIGl0cy B3aWRlIHJh bmdlIG9mIH Byb2R1Y3Rz IGFjcm9zcy BzZXZlcmFs IGNhdGVnb3 JpZXMuIFdo YXQgbWFrZX MgaXQgc3Bl Y2lhbCBhcm Ugc2V2ZXJh bCBrZXkgZm FjdG9yczo8 YnI+MS4gPH N0cm9uZz5E aXZlcnNlIF BvcnRmb2xp bzwvc3Ryb2 5nPjogU3Bl Y3RydW0gQn JhbmRzIGhh cyBhIGJyb2 FkIHByb2R1 Y3QgbGluZX VwLCBpbmNs dWRpbmcgaG 9tZSBhbmQg Z2FyZGVuIH Byb2R1Y3Rz LCBwZXJzb2 5hbCBjYXJl IGl0ZW1zLC BwZXQgc3Vw cGxpZXMsIG FuZCBoYXJk d2FyZS4gVG hpcyBkaXZl cnNpZmljYX Rpb24gaGVs cHMgc3RhYm lsaXplIHRo ZSBjb21wYW 554oCZcyBy ZXZlbnVlIH N0cmVhbXMu PGJyPjIuID xzdHJvbmc+ R2xvYmFsIF ByZXNlbmNl PC9zdHJvbm c+OiBUaGUg Y29tcGFueS BvcGVyYXRl cyBpbiBtdW x0aXBsZSBt YXJrZXRzIG Fyb3VuZCB0 aGUgd29ybG QsIGFsbG93 aW5nIGl0IH RvIGxldmVy YWdlIHZhcm lvdXMgcmVn aW9uYWwgZ3 Jvd3RoIG9w cG9ydHVuaX RpZXMgYW5k IG1pdGlnYX RlIHJpc2tz IGFzc29jaW F0ZWQgd2l0 aCBiZWluZy BkZXBlbmRl bnQgb24gYS BzaW5nbGUg bWFya2V0Lj xicj4zLiA8 c3Ryb25nPl N0cm9uZyBC cmFuZCBSZW NvZ25pdGlv bjwvc3Ryb2 5nPjogU3Bl Y3RydW0gQn JhbmRzIG93 bnMgYSB2YX JpZXR5IG9m IHdlbGwta2 5vd24gYnJh bmRzIGluIG l0cyBjYXRl Z29yaWVzLC BzdWNoIGFz IFJlbWluZ3 RvbiAocGVy c29uYWwgY2 FyZSksIEJs YWNrICZhbX A7IERlY2tl ciAoaGFyZH dhcmUpLCBh bmQgVGV0cm EgKHBldCBj YXJlKS4gVG hlc2UgZXN0 YWJsaXNoZW QgYnJhbmRz IGhlbHAgaW 4gbWFpbnRh aW5pbmcgY3 VzdG9tZXIg bG95YWx0eS 48YnI+NC4g PHN0cm9uZz 5Jbm5vdmF0 aW9uIEZvY3 VzPC9zdHJv bmc+OiBTcG VjdHJ1bSBC cmFuZHMgaW 52ZXN0cyBp biByZXNlYX JjaCBhbmQg ZGV2ZWxvcG 1lbnQgdG8g aW5ub3ZhdG UgYW5kIGlt cHJvdmUgaX RzIHByb2R1 Y3Qgb2ZmZX JpbmdzLiBU aGlzIGZvY3 VzIG9uIGlu bm92YXRpb2 4gaGVscHMg dGhlIGNvbX Bhbnkgc3Rh eSBjb21wZX RpdGl2ZSBp biBhIGNyb3 dkZWQgbWFy a2V0Ljxicj 41LiA8c3Ry b25nPkFjcX Vpc2l0aW9u IFN0cmF0ZW d5PC9zdHJv bmc+OiBUaG UgY29tcGFu eSBoYXMgYS BoaXN0b3J5 IG9mIHN0cm F0ZWdpYyBh Y3F1aXNpdG lvbnMgdGhh dCBoYXZlIG VuYWJsZWQg aXQgdG8gZX hwYW5kIGl0 cyBwcm9kdW N0IG9mZmVy aW5ncyBhbm QgbWFya2V0 IHJlYWNoLi BUaGlzIGhh cyBhbGxvd2 VkIGl0IHRv IGVudGVyIG 5ldyBjYXRl Z29yaWVzIG FuZCBnYWlu IG1hcmtldC BzaGFyZS48 YnI+Ni4gPH N0cm9uZz5T dXN0YWluYW JpbGl0eSBJ bml0aWF0aX Zlczwvc3Ry b25nPjogU3 BlY3RydW0g QnJhbmRzIG lzIGluY3Jl YXNpbmdseS Bmb2N1c2lu ZyBvbiBzdX N0YWluYWJp bGl0eSBpbi BpdHMgb3Bl cmF0aW9ucy BhbmQgcHJv ZHVjdCBkZX ZlbG9wbWVu dCwgcmVzcG 9uZGluZyB0 byBjb25zdW 1lciBkZW1h bmQgZm9yIG Vudmlyb25t ZW50YWxseS BmcmllbmRs eSBvcHRpb2 5zLjxicj43 LiA8c3Ryb2 5nPlN0cm9u ZyBGaW5hbm NpYWwgUGVy Zm9ybWFuY2 U8L3N0cm9u Zz46IFRoZS Bjb21wYW55 IGhhcyBkZW 1vbnN0cmF0 ZWQgc29saW QgZmluYW5j aWFsIHBlcm Zvcm1hbmNl LCB3aGljaC BjYW4gYXR0 cmFjdCBpbn Zlc3RvcnMg YW5kIGZvc3 RlciBwb3Rl bnRpYWwgZ3 Jvd3RoIG9w cG9ydHVuaX RpZXMuPGJy PlRoZXNlIG ZhY3RvcnMg dG9nZXRoZX IgY29udHJp YnV0ZSB0by BTcGVjdHJ1 bSBCcmFuZH MgSG9sZGlu Z3MgSW5j4o CZcyB1bmlx dWUgcG9zaX Rpb24gaW4g dGhlIGNvbn N1bWVyIGdv b2RzIGluZH VzdHJ5Ljxi cj4=

U3BlY3RydW 0gQnJhbmRz IEhvbGRpbm dzIEluYy4g b3BlcmF0ZX MgYSBkaXZl cnNpZmllZC Bjb25zdW1l ciBwcm9kdW N0cyBidXNp bmVzcyBtb2 RlbC4gVGhl IGNvbXBhbn kgZGV2ZWxv cHMsIG1hbn VmYWN0dXJl cywgYW5kIG 1hcmtldHMg YSB3aWRlIH JhbmdlIG9m IHByb2R1Y3 RzIGFjcm9z cyB2YXJpb3 VzIHNlZ21l bnRzLCBtYW lubHkgZm9j dXNpbmcgb2 4gaG9tZSBp bXByb3ZlbW VudCwgcGVy c29uYWwgY2 FyZSwgYW5k IHBldCBzdX BwbGllcy4g PGJyPlRoZS BidXNpbmVz cyBtb2RlbC BpcyBidWls dCBvbiBzZX ZlcmFsIGtl eSBjb21wb2 5lbnRzOjxi cj4xLiA8c3 Ryb25nPkJy YW5kIFBvcn Rmb2xpbzwv c3Ryb25nPj ogU3BlY3Ry dW0gQnJhbm RzIG1hbmFn ZXMgYSBkaX ZlcnNlIHNl dCBvZiB3ZW xsLWtub3du IGJyYW5kcy wgd2hpY2gg aGVscHMgbG V2ZXJhZ2Ug Y29uc3VtZX IgbG95YWx0 eSBhbmQgcm Vjb2duaXRp b24uIFRoaX MgaW5jbHVk ZXMgYnJhbm RzIGluIGNh dGVnb3JpZX MgbGlrZSBo b21lIGFwcG xpYW5jZXMs IGdyb29taW 5nLCBnYXJk ZW4gY2FyZS wgYW5kIHBl dCBwcm9kdW N0cy48YnI+ Mi4gPHN0cm 9uZz5EaXN0 cmlidXRpb2 4gQ2hhbm5l bHM8L3N0cm 9uZz46IFRo ZSBjb21wYW 55IGRpc3Ry aWJ1dGVzIG l0cyBwcm9k dWN0cyB0aH JvdWdoIG11 bHRpcGxlIG NoYW5uZWxz LCBpbmNsdW RpbmcgcmV0 YWlsLCBlLW NvbW1lcmNl LCBhbmQgd2 hvbGVzYWxl LiBUaGlzIG Jyb2FkIGRp c3RyaWJ1dG lvbiBhcHBy b2FjaCBhbG xvd3MgU3Bl Y3RydW0gQn JhbmRzIHRv IHJlYWNoIG Egd2lkZSBh dWRpZW5jZS BhbmQgYWRh cHQgdG8gY2 hhbmdpbmcg Y29uc3VtZX IgcHJlZmVy ZW5jZXMuPG JyPjMuIDxz dHJvbmc+SW 5ub3ZhdGlv bjwvc3Ryb2 5nPjogU3Bl Y3RydW0gQn JhbmRzIGVt cGhhc2l6ZX MgaW5ub3Zh dGlvbiBhbm QgcHJvZHVj dCBkZXZlbG 9wbWVudC4g VGhlIGNvbX BhbnkgaW52 ZXN0cyBpbi ByZXNlYXJj aCBhbmQgZG V2ZWxvcG1l bnQgdG8gaW 50cm9kdWNl IG5ldyBwcm 9kdWN0cyBh bmQgZW5oYW 5jZSBleGlz dGluZyBvbm VzLCB0aGVy ZWJ5IHN0YX lpbmcgY29t cGV0aXRpdm UgaW4gdGhl IG1hcmtldC 48YnI+NC4g PHN0cm9uZz 5BY3F1aXNp dGlvbiBTdH JhdGVneTwv c3Ryb25nPj ogU3BlY3Ry dW0gQnJhbm RzIGhhcyBh IGhpc3Rvcn kgb2YgYWNx dWlyaW5nIG NvbXBsZW1l bnRhcnkgYn VzaW5lc3Nl cyB0byBleH BhbmQgaXRz IHByb2R1Y3 Qgb2ZmZXJp bmdzIGFuZC BtYXJrZXQg cHJlc2VuY2 UuIFRoaXMg c3RyYXRlZ3 kgaGVscHMg dGhlIGNvbX BhbnkgZGl2 ZXJzaWZ5IG l0cyBwb3J0 Zm9saW8gYW 5kIGluY3Jl YXNlIHJldm VudWUuPGJy PjUuIDxzdH Jvbmc+Rm9j dXMgb24gU3 VzdGFpbmFi aWxpdHk8L3 N0cm9uZz46 IFRoZSBjb2 1wYW55IGlz IGFsc28gY2 9tbWl0dGVk IHRvIHN1c3 RhaW5hYmls aXR5IHByYW N0aWNlcywg d2hpY2ggY2 FuIGVuaGFu Y2UgYnJhbm QgcmVwdXRh dGlvbiBhbm QgYXBwZWFs IHRvIGVudm lyb25tZW50 YWxseSBjb2 5zY2lvdXMg Y29uc3VtZX JzLjxicj42 LiA8c3Ryb2 5nPkN1c3Rv bWVyIEVuZ2 FnZW1lbnQ8 L3N0cm9uZz 46IFNwZWN0 cnVtIEJyYW 5kcyBwbGFj ZXMgaW1wb3 J0YW5jZSBv biBjdXN0b2 1lciBlbmdh Z2VtZW50IG FuZCBmZWVk YmFjaywgYW ltaW5nIHRv IHRhaWxvci BpdHMgcHJv ZHVjdHMgYW 5kIG1hcmtl dGluZyBzdH JhdGVnaWVz IHRvIG1lZX QgY29uc3Vt ZXIgbmVlZH MgZWZmZWN0 aXZlbHkuPG JyPkluIHN1 bW1hcnksIF NwZWN0cnVt IEJyYW5kcy BIb2xkaW5n cyBJbmMuIG NvbWJpbmVz IGJyYW5kIG 1hbmFnZW1l bnQsIGRpdm Vyc2UgZGlz dHJpYnV0aW 9uLCBpbm5v dmF0aW9uLC BzdHJhdGVn aWMgYWNxdW lzaXRpb25z LCBzdXN0YW luYWJpbGl0 eSwgYW5kIG N1c3RvbWVy IHJlbGF0aW 9ucyB0byBv cGVyYXRlIG l0cyBjb25z dW1lciBwcm 9kdWN0cyBi dXNpbmVzcy Btb2RlbCBh bmQgZHJpdm UgZ3Jvd3Ro Ljxicj4=

AI can potentially impact Spectrum Brands Holdings Inc.’s products, services, and competitive positioning in several ways:
1. Substitution: AI technologies may lead to the development of innovative products that could substitute existing offerings. If competitors leverage AI to create more efficient or superior products in categories like home appliances, personal care, or pet supplies, it could challenge Spectrum Brands’ market share. For example, smart home devices could replace traditional products by providing enhanced features and convenience.
2. Disintermediation: AI can enable direct-to-consumer models that bypass traditional retail channels. Brands that utilize AI for personalized marketing, inventory management, and customer engagement might effectively reach consumers without relying on third-party retailers. This could pose a threat to Spectrum Brands if competitors successfully adopt such models and offer similar or superior value directly to customers.
3. Margin Pressure: The integration of AI can lead to increased efficiencies in production, supply chain management, and customer service. Companies that harness AI effectively may reduce costs and improve their pricing strategies, creating pressure on Spectrum Brands to lower prices or enhance its value proposition. If competitors can produce similar goods at lower costs due to AI efficiencies, this could impact Spectrum Brands’ margins and profitability.
In summary, while AI presents opportunities for innovation and improvement, it also poses material threats through substitution, disintermediation, and margin pressure, which could affect Spectrum Brands’ competitive positioning in the market. The company must remain vigilant and adapt its strategies to leverage AI technologies effectively in its operations and product offerings.

The sensitivity of Spectrum Brands Holdings Inc.’s earnings, cash flow, and valuation to changes in interest rates can be assessed from several angles:
1. Earnings Sensitivity: As interest rates rise, borrowing costs increase for companies with significant debt. If Spectrum Brands has a substantial amount of debt, higher interest rates could lead to increased interest expenses, impacting net income. Conversely, if the company has more assets than liabilities, higher rates might indicate better investment opportunities for cash reserves.
2. Cash Flow Sensitivity: Changes in interest rates can affect cash flow in multiple ways. Higher rates can increase the cost of servicing debt, reducing cash available for operations or investments. Additionally, if consumers face higher interest rates on personal loans or mortgages, their disposable income may decrease, potentially impacting sales and cash flow for Spectrum Brands. On the other hand, if the company holds cash or cash equivalents, rising rates could enhance investment income from those assets.
3. Valuation Sensitivity: Valuation models often use discounted cash flow (DCF) analysis, where future cash flows are discounted back to present value using a discount rate that includes interest rates. As rates increase, the discount rate goes up, which can lower the present value of future cash flows, leading to a reduction in the company’s valuation. Investors may also reevaluate the risk premium they require, which could further impact valuations based on market perceptions.
In summary, the sensitivity of Spectrum Brands’ earnings, cash flow, and valuation to interest rate changes primarily hinges on its debt levels, consumer spending behaviors, and the implications for future cash flow discount rates. The overall impact would be contingent on the company’s financial structure and market conditions at any given time.

T25lIHJlYW xpc3RpYyBz Y2VuYXJpby B0aGF0IGNv dWxkIHBlcm 1hbmVudGx5 IGltcGFpci BTcGVjdHJ1 bSBCcmFuZH MgSG9sZGlu Z3MgSW5j4o CZcyBlY29u b21pY3Mgb3 ZlciB0aGUg bmV4dCAz4o CTNSB5ZWFy cyBpcyBhIH NpZ25pZmlj YW50IGFuZC BzdXN0YWlu ZWQgaW5jcm Vhc2UgaW4g cmF3IG1hdG VyaWFsIGNv c3RzLCBwYX J0aWN1bGFy bHkgaW4gdG hlIG1hbnVm YWN0dXJpbm cgc2VjdG9y cyB0aGF0IH RoZSBjb21w YW55IG9wZX JhdGVzIGlu LCBzdWNoIG FzIGhvbWUg aW1wcm92ZW 1lbnQsIHBl cnNvbmFsIG NhcmUsIGFu ZCBwZXQgc3 VwcGxpZXMu IFRoaXMgc2 NlbmFyaW8g Y291bGQgYX Jpc2UgZnJv bSBhIGNvbW JpbmF0aW9u IG9mIGdlb3 BvbGl0aWNh bCB0ZW5zaW 9ucywgdHJh ZGUgZGlzcn VwdGlvbnMs IGNsaW1hdG UgY2hhbmdl IGltcGFjdH MgYWZmZWN0 aW5nIHN1cH BseSBjaGFp bnMsIGFuZC BpbmZsYXRp b25hcnkgcH Jlc3N1cmVz Ljxicj5JZi BzdWNoIGEg c2NlbmFyaW 8gd2VyZSB0 byBtYXRlcm lhbGl6ZSwg dGhlIGNvbX BhbnkgY291 bGQgZXhwZX JpZW5jZSBz ZXZlcmFsIG 5lZ2F0aXZl IGZpbmFuY2 lhbCBpbXBh Y3RzLiA8Yn I+Rmlyc3Qs IHByb2ZpdC BtYXJnaW5z IGNvdWxkIG JlIHNldmVy ZWx5IGNvbX ByZXNzZWQu IEhpZ2hlci ByYXcgbWF0 ZXJpYWwgY2 9zdHMgd291 bGQgbGVhZC B0byBpbmNy ZWFzZWQgcH JvZHVjdGlv biBleHBlbn Nlcy4gSWYg U3BlY3RydW 0gQnJhbmRz IGlzIHVuYW JsZSB0byBw YXNzIHRoZX NlIGNvc3Rz IG9udG8gY2 9uc3VtZXJz IGR1ZSB0by BpbmNyZWFz ZWQgY29tcG V0aXRpb24g b3IgcHJpY2 Ugc2Vuc2l0 aXZpdHkgaW 4gaXRzIG1h cmtldHMsIG l0cyBncm9z cyBtYXJnaW 5zIHdvdWxk IGRlY2xpbm UuIFRoaXMg cmVkdWN0aW 9uIGluIG1h cmdpbnMgY2 91bGQgcGVy c2lzdCBpZi ByYXcgbWF0 ZXJpYWwgcH JpY2VzIHJl bWFpbiBlbG V2YXRlZCBv ciBjb250aW 51ZSB0byBy aXNlLCBwb3 RlbnRpYWxs eSBsZWFkaW 5nIHRvIG9u Z29pbmcgcH Jlc3N1cmVz IG9uIHByb2 ZpdGFiaWxp dHkuPGJyPl NlY29uZCwg Y2FzaCBmbG 93IHdvdWxk IGxpa2VseS BkZXRlcmlv cmF0ZS4gV2 l0aCByaXNp bmcgY29zdH MgYW5kIHBv dGVudGlhbG x5IGxvd2Vy IHNhbGVzIG lmIHByaWNl cyBhcmUgcm Fpc2VkIHRv byBoaWdoLC B0aGUgY29t cGFueeKAmX Mgb3BlcmF0 aW5nIGNhc2 ggZmxvdyBj b3VsZCBkZW NyZWFzZS4g QWRkaXRpb2 5hbGx5LCBp ZiB0aGUgY2 9tcGFueSBk ZWNpZGVzIH RvIGludmVz dCBpbiBSJm FtcDtEIG9y IG1hcmtldG luZyB0byBj b3VudGVyYW N0IHRoZXNl IHRyZW5kcy BhbmQgbWFp bnRhaW4gc2 FsZXMgdm9s dW1lLCBpdC BtaWdodCBm dXJ0aGVyIH N0cmFpbiBj YXNoIHJlc2 91cmNlcy4g VGhlIG92ZX JhbGwgaW1w YWN0IGNvdW xkIG5lY2Vz c2l0YXRlIG EgcmVldmFs dWF0aW9uIG 9mIGNhcGl0 YWwgZXhwZW 5kaXR1cmVz IG9yIHJlc3 VsdCBpbiBp bmNyZWFzZW QgYm9ycm93 aW5nIHRvIG 1haW50YWlu IGxpcXVpZG l0eSwgbmVn YXRpdmVseS BhZmZlY3Rp bmcgY2FzaC BmbG93IHN0 YWJpbGl0eS 48YnI+TGFz dGx5LCB0aG UgYmFsYW5j ZSBzaGVldC Bjb3VsZCB3 ZWFrZW4uIF RvIG1hbmFn ZSB0aGUgcm lzaW5nIGNv c3RzIGFuZC Bsb3dlciBj YXNoIGZsb3 dzLCBTcGVj dHJ1bSBCcm FuZHMgbWln aHQgdGFrZS BvbiBhZGRp dGlvbmFsIG RlYnQsIGxl YWRpbmcgdG 8gYSBoaWdo ZXIgZGVidC 10by1lcXVp dHkgcmF0aW 8uIElmIHBy b2ZpdHMgZG VjbGluZSBz aWduaWZpY2 FudGx5LCBy ZXRhaW5lZC BlYXJuaW5n cyBjb3VsZC BhbHNvIGJl IGFmZmVjdG VkLCByZWR1 Y2luZyBzaG FyZWhvbGRl ciBlcXVpdH kuIE92ZXIg dGltZSwgdG hpcyBjb3Vs ZCBsaW1pdC B0aGUgY29t cGFueeKAmX MgZmluYW5j aWFsIGZsZX hpYmlsaXR5 LCBkZWNyZW FzZSBpdHMg Y3JlZGl0IH JhdGluZywg YW5kIGFmZm VjdCBpdHMg YWJpbGl0eS B0byByYWlz ZSBmdW5kcy Bmb3IgZnV0 dXJlIGdyb3 d0aCBvciBh Y3F1aXNpdG lvbnMuPGJy PkluIHN1bW 1hcnksIGlm IHJhdyBtYX RlcmlhbCBj b3N0cyByaX NlIHNpZ25p ZmljYW50bH kgYW5kIGFy ZSBzdXN0YW luZWQgb3Zl ciB0aGUgbm V4dCAz4oCT NSB5ZWFycy wgU3BlY3Ry dW0gQnJhbm RzIEhvbGRp bmdzIEluYy Bjb3VsZCBm YWNlIHJlZH VjZWQgbWFy Z2lucywgd2 Vha2VuZWQg Y2FzaCBmbG 93LCBhbmQg YSBzdHJhaW 5lZCBiYWxh bmNlIHNoZW V0LCBpbXBh Y3RpbmcgdG hlIGNvbXBh bnnigJlzIG xvbmctdGVy bSBlY29ub2 1pYyB2aWFi aWxpdHkuPG JyPg==

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 bG9nb3MvZm hwWnRrMktC M2Z1Y1JNMG 5Jd0gud2Vi cCIgYWx0PS JTcGVjdHJ1 bSBCcmFuZH MgSG9sZGlu Z3MgSW5jIi B0aXRsZT0i U3BlY3RydW 0gQnJhbmRz IEhvbGRpbm dzIEluYyIg IGNsYXNzPS JpbWctZmx1 aWQiIGhlaW dodD01MCB3 aWR0aD01MC Bsb2FkaW5n PSdsYXp5Jy BzdHlsZT0n Ym9yZGVyLX JhZGl1czog NnB4Oyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J2ZsZXg6 IDE7IHRleH QtYWxpZ246 IGNlbnRlcj sgbWFyZ2lu LWxlZnQ6ID VweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8cCBzdHls ZT0nZm9udC 1zaXplOiAy NnB4OyBjb2 xvcjogIzMz MzsgbWFyZ2 luLWJvdHRv bTogMTVweD snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TiCBX YW50IHRvIH JlYWQgbW9y ZSBhYm91dC BTcGVjdHJ1 bSBCcmFuZH MgSG9sZGlu Z3MgSW5jPw 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+TmCBDbG FpbSB5b3Vy IGZyZWUgZU Jvb2s6IDxp PiJUaGUgQ2 hlY2tsaXN0 IFZhbHVlIE ludmVzdG9y IOKAlCBBIF NtYXJ0ZXIg V2F5IHRvIF BpY2sgU3Rv Y2tzIjwvaT 4KICAgICAg 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 ICAgIFUzQm xZM1J5ZFcg MGdRbkpoYm 1SeiBJRWh2 YkdScGJtIG R6SUVsdVl5 NGcgYVhNZ1 lTQmthWCBa bGNuTmxJR0 52IGJYQmhi bmtnYTIgNX ZkMjRnWm05 eSBJR2wwY3 lCM2FXIFJs SUhKaGJtZG wgSUc5bUlH TnZibiBOMW JXVnlJSEJ5 IGIyUjFZM1 J6TGkgQkla WEpsSUdGeS BaU0J6YjIx bElHIGx1ZE dWeVpYTjAg YVc1bklHWm hZMyBSeklH RmliM1YwIE lIUm9aU0Jq YjIgMXdZVz U1T2p4aSBj ajR4TGlBOG MzIFJ5YjI1 blBrUnAgZG 1WeWMyVWdV RyA5eWRHWn ZiR2x2IFBD OXpkSEp2Ym 0gYytPaUJU Y0dWaiBkSE oxYlNCQ2Nt IEZ1WkhNZ2 IzQmwgY21G MFpYTWdhVy A0Z2RtRnlh VzkxIGN5Qn paV04wYjMg SnpJSE4xWT JnZyBZWE1n YUc5dFpTIE JoY0hCc2FX RnUgWTJWek xDQndaWCBK emIyNWhiQ0 JqIFlYSmxM Q0J3WlggUW djM1Z3Y0d4 cCBaWE1zSU dGdVpDIEJu WVhKa1pXNG cgY0hKdlpI VmpkSCBNc0 lHOW1abVZ5 IGFXNW5JR0 p5WVcgNWtj eUJzYVd0bC BJRkpsYlds dVozIFJ2Ym l3Z1IyVnYg Y21kbElFWn ZjbSBWdFlX NHNJR0Z1IF pDQk9ZWFIx Y20gWGlnSm x6SUUxcCBj bUZqYkdVdV BHIEp5UGpJ dUlEeHogZE hKdmJtYytS MiB4dlltRn NJRkJ5IFpY TmxibU5sUE MgOXpkSEp2 Ym1jKyBPaU JVYUdVZ1ky IDl0Y0dGdW VTQm8gWVhN Z1lTQnphVy BkdWFXWnBZ MkZ1IGRDQn BiblJsY20g NWhkR2x2Ym 1GcyBJR1p2 YjNSd2NtIG x1ZEN3Z2Qy bDAgYUNCdm NHVnlZWCBS cGIyNXpJR0 Z1IFpDQnpZ V3hsY3kgQn BiaUJ2ZG1W eSBJREV3TU NCamIzIFZ1 ZEhKcFpYTX MgSUhkb2FX Tm9JRyBGc2 JHOTNjeUJw IGRDQjBieU J5WlcgRmph Q0JoSUhkcC BaR1VnWTNW emRHIDl0Wl hJZ1ltRnog WlM0OFluSS tNeSA0Z1BI TjBjbTl1IF p6NUJZM0Yx YVggTnBkR2 x2Ym5NOCBM M04wY205dV p6IDQ2SUZO d1pXTjAgY2 5WdElFSnlZ VyA1a2N5Qm 9ZWE1nIFoz SnZkMjRnYz IgbG5ibWxt YVdOaCBibl JzZVNCMGFI IEp2ZFdkb0 lITjAgY21G MFpXZHBZeS BCaFkzRjFh WE5wIGRHbH Zibk11SUUg NXZkR0ZpYk dVZyBZV054 ZFdsemFYIF JwYjI1eklH bHUgWTJ4MV pHVWdkRyBo bElIQjFjbU 5vIFlYTmxJ RzltSUggUm 9aU0JTWVhs diBkbUZqSU dKaGRIIFJs Y25rZ1luSm ggYm1RZ1lX NWtJSCBSb1 pTQnBiblJs IFozSmhkR2 x2YmkgQnZa aUIyWVhKcC BiM1Z6SUhC bGRDIEJ6ZF hCd2JIa2cg WW5KaGJtUn pMaiB4aWNq NDBMaUE4IG MzUnliMjVu UGsgbHVibT kyWVhScCBi MjRnUm05am RYIE04TDNO MGNtOXUgWn o0NklGUm9a UyBCamIyMX dZVzU1IElI QnNZV05sY3 kgQmhJSE4w Y205dSBaeU JsYlhCb1lY IE5wY3lCdm JpQnAgYm01 dmRtRjBhVy A5dUxDQnBi blpsIGMzUn BibWNnYVcg NGdjbVZ6Wl dGeSBZMmdn WVc1a0lHIF JsZG1Wc2Iz QnQgWlc1ME lIUnZJRyBW dWFHRnVZMl VnIFpYaHBj M1JwYm0gY2 djSEp2WkhW aiBkSE1nWV c1a0lHIE55 WldGMFpTQn UgWlhjZ2Iy Wm1aWCBKcG JtZHpJSFJv IFlYUWdiV1 ZsZEMgQmpi MjV6ZFcxbC BjaUJ1WldW a2N5IDQ4WW 5JK05TNGcg UEhOMGNtOX VaeiA1VGRY TjBZV2x1IF lXSnBiR2ww ZVMgQkZabV p2Y25SeiBQ Qzl6ZEhKdm JtIGMrT2lC VGNHVmogZE hKMWJTQkNj bSBGdVpITW dhR0Z6IElH bHVhWFJwWV ggUnBkbVZ6 SUdGcCBiV1 ZrSUdGMElI IE4xYzNSaG FXNWggWW1s c2FYUjVMQy BCcGJtTnNk V1JwIGJtY2 daV1ptYjMg SjBjeUIwYn lCeSBaV1Ix WTJVZ2FYIF J6SUdWdWRt bHkgYjI1dF pXNTBZVyB3 Z2FXMXdZV0 4wIElIUm9j bTkxWjIgZ2 daV052TFda eSBhV1Z1Wk d4NUlIIEJ5 WVdOMGFXTm wgY3lCcGJp QndjbSA5a2 RXTjBJR1Js IGRtVnNiM0 J0WlcgNTBJ R0Z1WkNCdy BZV05yWVdk cGJtIGN1UE dKeVBqWXUg SUR4emRISn ZibSBjK1VI VmliR2xqIG JIa2dWSEpo WkcgVmtQQz l6ZEhKdiBi bWMrT2lCVG NHIFZqZEhK MWJTQkMgY2 1GdVpITWdh WCBNZ2NIVm liR2xqIGJI a2dkSEpoWk cgVmtJRzl1 SUhSbyBaU0 JPWlhjZ1dX IDl5YXlCVG RHOWogYXlC RmVHTm9ZVy A1blpTQjFi bVJsIGNpQj BhR1VnZEcg bGphMlZ5SU hONSBiV0p2 YkNCVFVFIE lzSUhkb2FX Tm8gSUhCeW IzWnBaRyBW eklIUnlZVz V6IGNHRnla VzVqZVMgQm hibVFnWVdO aiBaWE56SU hSdklHIGx1 ZG1WemRHOX kgY3k0OFlu SStOeSA0Z1 BITjBjbTl1 IFp6NUlaV0 ZrY1ggVmhj blJsY25NOC BMM04wY205 dVp6IDQ2SU ZSb1pTQmog YjIxd1lXNT VJRyBseklH aGxZV1J4IG RXRnlkR1Z5 WlcgUWdhVz RnVFdsayBa R3hsZEc5dU xDIEJYYVhO amIyNXogYV c0c0lIZG9h VyBOb0lITm xjblpsIGN5 QmhjeUJoSU cgTmxiblJ5 WVd3ZyBhSF ZpSUdadmNp IEJwZEhNZ2 IzQmwgY21G MGFXOXVjeS BCaGJtUWdj M1J5IFlYUm xaM2tnWkcg VjJaV3h2Y0 cxbCBiblF1 UEdKeVBqIG d1SUR4emRI SnYgYm1jK1 JtbHVZVyA1 amFXRnNJRk JsIGNtWnZj bTFoYm0gTm xQQzl6ZEhK diBibWMrT2 lCVGNHIFZq ZEhKMWJTQk MgY21GdVpI TWdhRyBGek lITm9iM2R1 IElISmxjMm xzYVcgVnVZ MlVnYVc0Zy BhWFJ6SUda cGJtIEZ1WT JsaGJDQncg WlhKbWIzSn RZVyA1alpT d2diMlowIF pXNGdjbVZ3 YjMgSjBaV1 FnWkhWeSBh VzVuSUdWaG NtIDVwYm1k eklHRnUgYm 05MWJtTmxi VyBWdWRITW daR1Z0IGIy NXpkSEpoZE cgbHVaeUJ5 WlhabCBibl ZsSUdkeWIz IGQwYUNCaF kzSnYgYzNN Z2FYUnpJSC BaaGNtbHZk WE1nIGMyVm 5iV1Z1ZEgg TXVQR0p5UG prdSBJRHh6 ZEhKdmJtIG MrUTI5dWMz VnQgWlhJZ1 FuSmhibSBS elBDOXpkSE p2IGJtYytP aUJDWlggbH ZibVFnYVhS eiBJSGRsYk d3dGEyIDV2 ZDI0Z1luSm ggYm1SekxD QlRjRyBWam RISjFiU0JD IGNtRnVaSE 1nWVcgeHpi eUJ2ZDI1ei BJRzkwYUdW eUlHIDV2ZE dGaWJHVWcg Ym1GdFpYTW dhVyA0Z2RH aGxJR052IG JuTjFiV1Z5 SUcgZHZiMl J6SUhOdyBZ V05sTENCam IyIDUwY21s aWRYUnAgYm 1jZ2RHOGdh WCBSeklISm xjSFYwIFlY UnBiMjRnWV ggTWdZU0Jz WldGayBaWE lnYVc0Z2FY IFJ6SUdsdV pIVnogZEhK NUxqeGljai A0eE1DNGdQ SE4wIGNtOX VaejVEYjIg MXRkVzVwZE hrZyBSVzVu WVdkbGJXIF Z1ZER3dmMz UnkgYjI1bl Bqb2dWRyBo bElHTnZiWE JoIGJua2da VzVuWVcgZG xjeUJwYmlC MiBZWEpwYj NWeklHIE52 YlcxMWJtbD AgZVNCdmRY UnlaVyBGam FDQmhibVFn IFkyaGhjbW wwWVcgSnNa U0JwYm1sMC BhV0YwYVha bGN5IHdnYz NWd2NHOXkg ZEdsdVp5Qn NiMiBOaGJD QmpiMjF0IG RXNXBkR2xs Y3kgQmhibV FnWlcxdyBh R0Z6YVhwcG JtIGNnWTI5 eWNHOXkgWV hSbElITnZZ MiBsaGJDQn laWE53IGIy NXphV0pwYk cgbDBlUzQ4 WW5JKyBWR2 hsYzJVZ1pt IEZqZEhNZ2 FXeHMgZFhO MGNtRjBaUy BCVGNHVmpk SEoxIGJTQk NjbUZ1Wkgg TWdTRzlzWk dsdSBaM01n U1c1akxpIE JoY3lCaElH UjUgYm1GdG FXTWdZVyA1 a0lHbHVabX gxIFpXNTBh V0ZzSUggQn NZWGxsY2lC cCBiaUIwYU dVZ1kyIDl1 YzNWdFpYSW cgY0hKdlpI VmpkSCBNZ2 FXNWtkWE4w IGNua3VQR0 p5UGcgPT0K ICAgICAgIC A8L3NwYW4+ CiAgICAgIC AgCiAgICAg ICAg