LyondellBasell Industries

-10.71%

More reviews (2)

Live  

LyondellBasell Industries is a multinational chemical company based in the Netherlands. It was formed in 2007 through the merger of Lyondell Chemical Company and Basell Polyolefins. The company produces a wide range of products, including plastics, chemicals, and refining products.
History
Lyondell Chemical Company was founded in 1985 by Leon Oppenheimer, who purchased an unused refinery on the Houston Ship Channel and began producing ethylene and propylene, the building blocks of plastics. Through a series of acquisitions and expansions, the company grew to become one of the world's largest producers of olefins and polyolefins.
Basell Polyolefins is a global petrochemical company that was formed in 2005 through the merger of the polyolefins business of Royal Dutch Shell and the olefins and polyolefins business of BASF. The company had a large portfolio of products, including polypropylene, polyethylene, and catalysts.
In 2007, Lyondell Chemical Company and Basell Polyolefins merged to form LyondellBasell Industries. The new company had operations in over 100 countries and employed approximately 15,000 people.
Operations and Products
LyondellBasell Industries manufactures a wide range of products and materials that are used in various industries, including packaging, electronics, automotive, construction, and healthcare. Some of their key products include:
- Polyolefins: These are plastic materials made from petroleum products. LyondellBasell produces polyethylene and polypropylene, which are commonly used in packaging, textiles, and consumer goods.
- Advanced Polyolefins: These are specialized polyolefins with enhanced properties for use in industries such as automotive, healthcare, and construction.
- Chemical Intermediates: LyondellBasell produces a variety of chemical intermediates, such as ethylene oxide, propylene oxide, and butanediol, that are used to make other chemicals and products.
- Refining Products: The company operates a number of refineries that produce gasoline, diesel, jet fuel, and other refined petroleum products.
- Fertilizers: LyondellBasell produces ammonia and urea, two key ingredients in fertilizers used in agriculture.
- Technology and Licensing: The company also licenses its technology and know-how to other companies in the chemical industry.
Sustainability
LyondellBasell is committed to sustainability and focuses on reducing its environmental impact through various initiatives. These include reducing greenhouse gas emissions, decreasing water use, and increasing energy efficiency. The company also invests in research and development to create more sustainable products and processes.
In addition, LyondellBasell is also committed to social responsibility and has programs in place to promote health and safety in the workplace, support the communities where it operates, and uphold ethical standards.
Financials
LyondellBasell Industries had revenues of $34.5 billion in 2020 and employs approximately 18,000 people worldwide. The company is listed on the New York Stock Exchange under the ticker symbol LYB.

THlvbmRlbG xCYXNlbGwg SW5kdXN0cm llcyBpcyBh IGJpZyBjb2 1wYW55IHRo YXQgbWFrZX MgcGxhc3Rp YyBhbmQgY2 hlbWljYWxz LiBZb3Uga2 5vdyBob3cg d2UgdXNlIH BsYXN0aWMg Zm9yIHRoaW 5ncyBsaWtl IHRveXMsIG JvdHRsZXMs IGFuZCBjb2 50YWluZXJz PyBXZWxsLC BMeW9uZGVs bEJhc2VsbC BoZWxwcyBj cmVhdGUgdG hlIG1hdGVy aWFscyB0aG F0IG1ha2Ug dGhvc2UgcH JvZHVjdHMh PGJyPlRoZS Bjb21wYW55 IGdldHMgcm F3IG1hdGVy aWFscywgd2 hpY2ggYXJl IGxpa2UgdG hlIGJ1aWxk aW5nIGJsb2 NrcyBmb3Ig bWFraW5nIH BsYXN0aWMg YW5kIGNoZW 1pY2Fscy4g VGhlbiB0aG V5IHVzZSBz cGVjaWFsIG 1hY2hpbmVz IGFuZCBwcm 9jZXNzZXMg aW4gZmFjdG 9yaWVzIHRv IHR1cm4gdG hlc2UgcmF3 IG1hdGVyaW FscyBpbnRv IHRoZSB0aG luZ3Mgd2Ug bmVlZC4gQW Z0ZXIgdGhh dCwgdGhleS BzZWxsIHRo ZXNlIHByb2 R1Y3RzIHRv IG90aGVyIG J1c2luZXNz ZXMgdGhhdC B1c2UgdGhl bSB0byBtYW tlIGFsbCBz b3J0cyBvZi BpdGVtcy48 YnI+THlvbm RlbGxCYXNl bGwgbWFrZX MgbW9uZXkg Ynkgc2VsbG luZyB0aGVz ZSBwcm9kdW N0cyB0byBt YW51ZmFjdH VyZXJzLCB3 aG8gdGhlbi BjcmVhdGUg dGhpbmdzIG xpa2UgcGFj a2FnaW5nLC BjYXIgcGFy dHMsIGFuZC Bob3VzZWhv bGQgZ29vZH MuIFRoZSBt b3JlIHByb2 R1Y3RzIHRo ZXkgc2VsbC wgdGhlIG1v cmUgbW9uZX kgdGhleSBt YWtlITxicj 5Ob3csIHdo eSBpcyBMeW 9uZGVsbEJh c2VsbCBzdW NjZXNzZnVs PyBUaGVyZS BhcmUgYSBm ZXcgcmVhc2 9ucy4gRmly c3QsIHRoZX kgaGF2ZSBi ZWVuIGFyb3 VuZCBmb3Ig YSBsb25nIH RpbWUgYW5k IGtub3cgaG 93IHRvIG1h a2UgaGlnaC 1xdWFsaXR5 IHByb2R1Y3 RzLiBUaGV5 IGFsc28ga2 VlcCBmaW5k aW5nIG5ldy B3YXlzIHRv IG1ha2UgdG hlaXIgcHJv Y2Vzc2VzIG JldHRlciBh bmQgbW9yZS BlZmZpY2ll bnQsIHdoaW NoIGhlbHBz IHRoZW0gc2 F2ZSBtb25l eSBhbmQgc3 RheSBjb21w ZXRpdGl2ZS 48YnI+TG9v a2luZyBpbn RvIHRoZSBm dXR1cmUsIE x5b25kZWxs QmFzZWxsIG lzIGxpa2Vs eSB0byBrZW VwIGJlaW5n IHN1Y2Nlc3 NmdWwgYmVj YXVzZSB0aG VyZSB3aWxs IGFsd2F5cy BiZSBhIG5l ZWQgZm9yIH BsYXN0aWMg YW5kIGNoZW 1pY2FscyBp biBvdXIgZG FpbHkgbGl2 ZXMuIFBsdX MsIHRoZXkg YXJlIHdvcm tpbmcgb24g d2F5cyB0by BtYWtlIHRo ZWlyIHByb2 R1Y3RzIG1v cmUgZW52aX Jvbm1lbnRh bGx5IGZyaW VuZGx5LiBU aGlzIG1lYW 5zIHRoZXkg YXJlIHBheW luZyBhdHRl bnRpb24gdG 8gd2hhdCBw ZW9wbGUgd2 FudCBhbmQg YXJlIHRyeW luZyB0byBo ZWxwIHRha2 UgY2FyZSBv ZiB0aGUgcG xhbmV0Ljxi cj5TbywgTH lvbmRlbGxC YXNlbGwgaX MgYSBzdHJv bmcgY29tcG FueSB0aGF0 IG1ha2VzIG ltcG9ydGFu dCBtYXRlcm lhbHMgd2Ug dXNlIGV2ZX J5IGRheSwg YW5kIHRoZX kgYXJlIGZv Y3VzZWQgb2 4gaW1wcm92 aW5nIGFuZC BiZWluZyBy ZXNwb25zaW JsZSwgd2hp Y2ggaGVscH MgdGhlbSBz dGF5IHN1Y2 Nlc3NmdWwh PGJyPg==

MS4gR2xvYm FsIFByZXNl bmNlOiBMeW 9uZGVsbEJh c2VsbCBoYX MgYSBzdHJv bmcgZ2xvYm FsIHByZXNl bmNlIHdpdG ggb3BlcmF0 aW9ucyBpbi Btb3JlIHRo YW4gMTAwIG NvdW50cmll cyBhbmQgY3 VzdG9tZXJz IGluIG92ZX IgMTQwIGNv dW50cmllcy 4gVGhpcyBh bGxvd3MgdG hlIGNvbXBh bnkgdG8gc2 VydmUgYSB3 aWRlIHJhbm dlIG9mIGlu ZHVzdHJpZX MgYW5kIG1h cmtldHMuPG JyPjIuIERp dmVyc2UgUH JvZHVjdCBQ b3J0Zm9saW 86IFRoZSBj b21wYW55IG 9mZmVycyBh IGRpdmVyc2 UgcG9ydGZv bGlvIG9mIH Byb2R1Y3Rz IGluY2x1ZG luZyBwbGFz dGljcywgY2 hlbWljYWxz LCBhbmQgcm VmaW5pbmcu IFRoaXMgYW xsb3dzIGl0 IHRvIHNlcn ZlIG11bHRp cGxlIGluZH VzdHJpZXMg YW5kIHByb3 ZpZGVzIGEg c3RhYmxlIH NvdXJjZSBv ZiByZXZlbn VlLjxicj4z LiBJbm5vdm F0aW9uOiBM eW9uZGVsbE Jhc2VsbCBp cyBjb21taX R0ZWQgdG8g Y29uc3Rhbn QgaW5ub3Zh dGlvbiBhbm QgaW52ZXN0 cyBoZWF2aW x5IGluIHJl c2VhcmNoIG FuZCBkZXZl bG9wbWVudC 4gVGhlIGNv bXBhbnkgaG 9sZHMgb3Zl ciAxMiwwMD AgcGF0ZW50 cyBhbmQgaG FzIGEgdGVh bSBvZiBzY2 llbnRpc3Rz IGRlZGljYX RlZCB0byBk ZXZlbG9waW 5nIG5ldyBw cm9kdWN0cy BhbmQgaW1w cm92aW5nIG V4aXN0aW5n IG9uZXMuPG JyPjQuIFN1 c3RhaW5hYm xlIFByYWN0 aWNlczogTH lvbmRlbGxC YXNlbGwgaX MgZGVkaWNh dGVkIHRvIH Byb21vdGlu ZyBzdXN0YW luYWJpbGl0 eSBhbmQgaG FzIHNldCBh bWJpdGlvdX MgZ29hbHMg dG8gcmVkdW NlIHdhc3Rl IGFuZCBncm VlbmhvdXNl IGdhcyBlbW lzc2lvbnMu IFRoZSBjb2 1wYW55IGhh cyBhbHNvIG ltcGxlbWVu dGVkIHZhcm lvdXMgaW5p dGlhdGl2ZX MgdG8gcmVk dWNlIGl0cy BjYXJib24g Zm9vdHByaW 50IGFuZCBw cm9tb3RlIG NpcmN1bGFy aXR5Ljxicj 41LiBTdHJv bmcgRmluYW 5jaWFsIFBl cmZvcm1hbm NlOiBXaXRo IGEgbWFya2 V0IGNhcGl0 YWxpemF0aW 9uIG9mIG92 ZXIgJDMwIG JpbGxpb24s IEx5b25kZW xsQmFzZWxs IGlzIG9uZS BvZiB0aGUg bGFyZ2VzdC BwbGFzdGlj cywgY2hlbW ljYWxzLCBh bmQgcmVmaW 5pbmcgY29t cGFuaWVzIG luIHRoZSB3 b3JsZC4gVG hlIGNvbXBh bnkgaGFzIG Egc3Ryb25n IGZpbmFuY2 lhbCB0cmFj ayByZWNvcm QsIGNvbnNp c3RlbnRseS BkZWxpdmVy aW5nIHN0cm 9uZyBlYXJu aW5ncyBhbm Qgc2hhcmVo b2xkZXIgdm FsdWUuPGJy PjYuIEluZH VzdHJ5IExl YWRlcnNoaX A6IEx5b25k ZWxsQmFzZW xsIGlzIGEg cmVjb2duaX plZCBpbmR1 c3RyeSBsZW FkZXIgaW4g dGhlIHByb2 R1Y3Rpb24g b2YgZXRoeW xlbmUgYW5k IHByb3B5bG VuZSwgZXNz ZW50aWFsIG J1aWxkaW5n IGJsb2Nrcy Bmb3IgYSB3 aWRlIHJhbm dlIG9mIHBy b2R1Y3RzIH N1Y2ggYXMg cG9seWV0aH lsZW5lLCBw b2x5cHJvcH lsZW5lLCBh bmQgb3RoZX IgY2hlbWlj YWxzLjxicj 43LiBDb21t aXRtZW50IH RvIFNhZmV0 eTogVGhlIG NvbXBhbnkg aGFzIGEgdG 9wIHByaW9y aXR5IG9uIH NhZmV0eSBh bmQgaGFzIG ltcGxlbWVu dGVkIHJvYn VzdCBzYWZl dHkgcHJhY3 RpY2VzIGFj cm9zcyBhbG wgaXRzIG9w ZXJhdGlvbn MuIFRoaXMg aGFzIHJlc3 VsdGVkIGlu IHJlZHVjZW QgaW5jaWRl bnRzIGFuZC BhY2NpZGVu dHMsIGxlYW RpbmcgdG8g YSBzYWZlci B3b3JrcGxh Y2UgZm9yIG l0cyBlbXBs b3llZXMuPG JyPjguIFN0 cm9uZyBDdX N0b21lciBS ZWxhdGlvbn NoaXBzOiBM eW9uZGVsbE Jhc2VsbCBo YXMgYSBjdX N0b21lci1j ZW50cmljIG FwcHJvYWNo LCB3aGljaC BoYXMgaGVs cGVkIGl0IG VzdGFibGlz aCBzdHJvbm cgcmVsYXRp b25zaGlwcy B3aXRoIGl0 cyBjdXN0b2 1lcnMuIFRo ZSBjb21wYW 55IHdvcmtz IGNsb3NlbH kgd2l0aCBp dHMgY3VzdG 9tZXJzIHRv IHVuZGVyc3 RhbmQgdGhl aXIgbmVlZH MgYW5kIGRl dmVsb3AgdG FpbG9yZWQg c29sdXRpb2 5zIHRvIG1l ZXQgdGhlaX IgcmVxdWly ZW1lbnRzLj xicj45LiBF bXBsb3llZS 1kcml2ZW4g Q3VsdHVyZT ogVGhlIGNv bXBhbnkncy BjdWx0dXJl IGlzIGZvY3 VzZWQgb24g aXRzIGVtcG xveWVlcywg d2hvIGFyZS Bjb25zaWRl cmVkIGl0cy BncmVhdGVz dCBhc3NldC 4gTHlvbmRl bGxCYXNlbG wgcHJvdmlk ZXMgY2FyZW VyIGRldmVs b3BtZW50IG 9wcG9ydHVu aXRpZXMsIG VuY291cmFn ZXMgYSBkaX ZlcnNlIGFu ZCBpbmNsdX NpdmUgd29y a3BsYWNlLC BhbmQgb2Zm ZXJzIGNvbX BldGl0aXZl IGJlbmVmaX RzIHRvIGl0 cyBlbXBsb3 llZXMuPGJy PjEwLiBDb3 Jwb3JhdGUg U29jaWFsIF Jlc3BvbnNp YmlsaXR5Oi BMeW9uZGVs bEJhc2VsbC BpcyBjb21t aXR0ZWQgdG 8gZ2l2aW5n IGJhY2sgdG 8gdGhlIGNv bW11bml0aW VzIGluIHdo aWNoIGl0IG 9wZXJhdGVz LiBUaGUgY2 9tcGFueSBz dXBwb3J0cy B2YXJpb3Vz IGNoYXJpdG FibGUgb3Jn YW5pemF0aW 9ucyBhbmQg aGFzIHByb2 dyYW1zIHRv IHByb21vdG UgZWR1Y2F0 aW9uLCBoZW FsdGgsIGFu ZCBlbnZpcm 9ubWVudGFs IGF3YXJlbm Vzcy4=

THlvbmRlbG xCYXNlbGwg SW5kdXN0cm llcyBpcyBh IG11bHRpbm F0aW9uYWwg Y2hlbWljYW wgY29tcGFu eSB0aGF0IG 9wZXJhdGVz IGluIHNldm VyYWwgc2Vn bWVudHMsIG luY2x1ZGlu ZyBwbGFzdG ljcywgY2hl bWljYWxzLC BhbmQgcmVm aW5pbmcuIF RoZSBjb21w YW55J3MgYn VzaW5lc3Mg bW9kZWwgaX MgZm9jdXNl ZCBvbiB0aG UgcHJvZHVj dGlvbiBhbm Qgc2FsZSBv ZiBhIHdpZG UgcmFuZ2Ug b2YgcHJvZH VjdHMsIGlu Y2x1ZGluZy Bwb2x5b2xl ZmlucywgcH JvcHlsZW5l IG94aWRlLC BhbmQgYWNl dHlscy4gPG JyPlRoZSBj b21wYW55J3 MgYnVzaW5l c3MgbW9kZW wgaXMgYmFz ZWQgb24gaW 5ub3ZhdGlv biwgc3VzdG FpbmFiaWxp dHksIGFuZC Bjb3N0LWVm ZmVjdGl2ZW 5lc3MuIFRo ZXkgYWltIH RvIGRldmVs b3AgYW5kIH Byb2R1Y2Ug aGlnaC1xdW FsaXR5IHBy b2R1Y3RzIH RoYXQgbWVl dCB0aGUgY2 hhbmdpbmcg bmVlZHMgb2 YgdGhlaXIg Y3VzdG9tZX JzIHdoaWxl IGFsc28gcm VkdWNpbmcg dGhlaXIgZW 52aXJvbm1l bnRhbCBpbX BhY3QuIFRo aXMgaXMgYW NoaWV2ZWQg dGhyb3VnaC Bjb25zdGFu dCBpbnZlc3 RtZW50IGlu IHJlc2Vhcm NoIGFuZCBk ZXZlbG9wbW VudCBhbmQg dGhlIHVzZS BvZiBhZHZh bmNlZCB0ZW Nobm9sb2dp ZXMuPGJyPk x5b25kZWxs QmFzZWxsJ3 MgYnVzaW5l c3MgbW9kZW wgYWxzbyBm b2N1c2VzIG 9uIG9wZXJh dGlvbmFsIG V4Y2VsbGVu Y2UgYW5kIG Nvc3QgbWFu YWdlbWVudC 4gVGhleSBz dHJpdmUgdG 8gb3B0aW1p emUgdGhlaX IgcHJvZHVj dGlvbiBwcm 9jZXNzZXMs IGltcHJvdm UgZWZmaWNp ZW5jeSBhbm QgcmVkdWNl IGNvc3RzIH RvIHJlbWFp biBjb21wZX RpdGl2ZSBp biB0aGUgZ2 xvYmFsIG1h cmtldC48Yn I+VGhlIGNv bXBhbnkncy BzdHJvbmcg Z2xvYmFsIH ByZXNlbmNl IGFuZCBkaX ZlcnNlIHBy b2R1Y3QgcG 9ydGZvbGlv IGFsbG93IH RoZW0gdG8g c2VydmUgYS B3aWRlIHJh bmdlIG9mIG luZHVzdHJp ZXMsIGluY2 x1ZGluZyBw YWNrYWdpbm csIGF1dG9t b3RpdmUsIG NvbnN0cnVj dGlvbiwgYW 5kIGNvbnN1 bWVyIGdvb2 RzLiBUaGV5 IGFsc28gYW ltIHRvIGRp dmVyc2lmeS B0aGVpciBy ZXZlbnVlIH N0cmVhbXMg Ynkgb2ZmZX JpbmcgYSBt aXggb2YgYm 90aCBjb21t b2RpdHkgYW 5kIHNwZWNp YWx0eSBwcm 9kdWN0cy48 YnI+SW4gYW RkaXRpb24g dG8gdGhpcy wgTHlvbmRl bGxCYXNlbG wgaGFzIGEg c3Ryb25nIG ZvY3VzIG9u IHNhZmV0eS wgaGVhbHRo IGFuZCBlbn Zpcm9ubWVu dGFsIHBlcm Zvcm1hbmNl LiBUaGV5IG hhdmUgc2V0 IHN0cmluZ2 VudCBzdGFu ZGFyZHMgYW 5kIHByb3Rv Y29scyB0by BlbnN1cmUg dGhlIHNhZm V0eSBvZiB0 aGVpciBlbX Bsb3llZXMs IGFzIHdlbG wgYXMgdGhl IGNvbW11bm l0aWVzIGFu ZCBlbnZpcm 9ubWVudHMg aW4gd2hpY2 ggdGhleSBv cGVyYXRlLj xicj5PdmVy YWxsLCBMeW 9uZGVsbEJh c2VsbCdzIG J1c2luZXNz IG1vZGVsIH Jldm9sdmVz IGFyb3VuZC BkZWxpdmVy aW5nIGhpZ2 gtcXVhbGl0 eSBwcm9kdW N0cywgb3B0 aW1pemluZy BvcGVyYXRp b25zLCBhbm QgZHJpdmlu ZyBzdXN0YW luYWJsZSBn cm93dGggd2 hpbGUgbWFp bnRhaW5pbm cgYSBzdHJv bmcgZm9jdX Mgb24gc2Fm ZXR5IGFuZC BlbnZpcm9u bWVudGFsIH Jlc3BvbnNp YmlsaXR5Lg ==

AI can indeed pose a material threat to LyondellBasell Industries, which specializes in the production of plastics, chemicals, and refining. The impact of AI on the company’s products, services, and competitive positioning can be understood through several lenses:
1. Substitution: AI technologies can enable the development of alternative materials that may substitute traditional plastics. For example, bioplastics and advanced composites can emerge as competitive alternatives, as they are often designed to meet sustainability goals. Companies leveraging AI for material science innovation could produce substitutes that are more efficient or environmentally friendly, posing a direct threat to LyondellBasell’s traditional offerings.
2. Disintermediation: As AI facilitates direct-to-consumer sales and advanced manufacturing techniques such as 3D printing, LyondellBasell could face disintermediation from new entrants using these technologies. These companies might leverage AI to streamline production processes, reduce costs, and offer customized solutions to end-users, potentially bypassing traditional manufacturing and supply chain models that companies like LyondellBasell rely on.
3. Margin Pressure: AI can lead to better operational efficiencies across the supply chain, from production to logistics. Competitors who adopt AI-driven automation and predictive analytics might reduce their operating costs, resulting in lower prices for their products. This increased competition can pressure LyondellBasell’s margins, as the company may need to lower prices to remain competitive.
4. R&D and Innovation: AI’s ability to accelerate research and development could allow competitors to innovate at a faster pace. If other companies leverage AI effectively to develop new products or processes before LyondellBasell can, it may lose its competitive edge in certain markets.
5. Sustainability Focus: AI technologies can optimize processes to minimize waste and improve energy efficiency, aligning with the growing demand for sustainable practices in the chemical and plastics industries. Companies that incorporate AI to enhance their sustainability profile might attract customers away from traditional players like LyondellBasell.
In summary, while AI presents significant opportunities for operational improvement and product innovation, it also introduces risks related to substitution, disintermediation, and margin pressure that LyondellBasell must strategically address to maintain its competitive positioning in the market.

The sensitivity of LyondellBasell Industries’ earnings, cash flow, and valuation to changes in interest rates can be analyzed from several perspectives:
1. Interest Expense and Leverage: LyondellBasell, like many companies in capital-intensive industries, may have considerable debt on its balance sheet. In a rising interest rate environment, the cost of servicing this debt would increase, leading to higher interest expenses. As a result, net income could be negatively impacted, reducing overall earnings and cash flow.
2. Capital Expenditure and Projects: Higher interest rates can increase the cost of borrowing for new projects or expansion efforts. If financing costs rise, LyondellBasell might delay or scale back capital expenditures, which could affect future growth prospects and, subsequently, long-term cash flow.
3. Valuation Impact: The valuation of LyondellBasell is often tied to discounted cash flow (DCF) models, where future cash flows are discounted back to their present value. An increase in interest rates generally leads to a higher discount rate, which diminishes the present value of future cash flows. This would typically result in a lower valuation for the company.
4. Industry Dynamics and Demand Sensitivity: The chemicals and polymers industry can be sensitive to economic cycles. In a high-interest-rate environment, consumer spending can slow down due to higher borrowing costs, potentially leading to reduced demand for LyondellBasell’s products. This could further impact earnings and cash flow.
5. Investment Alternatives: With rising interest rates, investors may shift their preferences towards fixed-income investments that offer better yields than equities. This could lead to pressure on LyondellBasell’s stock price, affecting its market valuation.
In summary, LyondellBasell’s earnings, cash flow, and valuation are indeed sensitive to changes in interest rates, particularly due to increased debt service costs, potential reductions in growth investments, and the broader economic impacts on demand for its products. Additionally, changes in investor sentiment due to interest rate fluctuations can further influence its stock performance and market valuation.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgTH lvbmRlbGxC YXNlbGwgSW 5kdXN0cmll c+KAmSBlY2 9ub21pY3Mg b3ZlciB0aG UgbmV4dCAz LTUgeWVhcn MgaXMgYSBz aWduaWZpY2 FudCBhbmQg cHJvbG9uZ2 VkIGRvd250 dXJuIGluIH RoZSBwZXRy b2NoZW1pY2 FsIGluZHVz dHJ5IGRyaX ZlbiBieSBh IGNvbWJpbm F0aW9uIG9m IHJlZ3VsYX RvcnkgY2hh bmdlcywgc2 hpZnRzIHRv d2FyZCBzdX N0YWluYWJs ZSBhbHRlcm 5hdGl2ZXMs IGFuZCBkcm FzdGljIGZs dWN0dWF0aW 9ucyBpbiBv aWwgYW5kIG 5hdHVyYWwg Z2FzIHByaW Nlcy48YnI+ SW4gdGhpcy BzY2VuYXJp bywgaWYgc3 RyaWN0ZXIg ZW52aXJvbm 1lbnRhbCBy ZWd1bGF0aW 9ucyBhcmUg aW1wb3NlZC BnbG9iYWxs eSwgTHlvbm RlbGxCYXNl bGwgbWF5IG ZhY2UgaW5j cmVhc2VkIG NvbXBsaWFu Y2UgY29zdH MgYW5kIHBv dGVudGlhbC BmaW5lcy4g QWRkaXRpb2 5hbGx5LCBh cyBjb25zdW 1lciBwcmVm ZXJlbmNlcy BzaGlmdCB0 b3dhcmRzIH N1c3RhaW5h YmxlIGFuZC BiaW9kZWdy YWRhYmxlIG 1hdGVyaWFs cywgZGVtYW 5kIGZvciB0 cmFkaXRpb2 5hbCBwZXRy b2NoZW1pY2 FsIHByb2R1 Y3RzIGNvdW xkIGRlY2xp bmUuIFRoaX Mgd291bGQg YmUgY29tcG 91bmRlZCBp ZiB0aGUgZ2 xvYmFsIGVu ZXJneSBtYX JrZXQgZXhw ZXJpZW5jZX Mgc2lnbmlm aWNhbnQgdm 9sYXRpbGl0 eSwgZHJpdm luZyB1cCBp bnB1dCBjb3 N0cyBmb3Ig bmF0dXJhbC BnYXMgYW5k IGNydWRlIG 9pbCwgbGVh ZGluZyB0by ByZWR1Y2Vk IHByb2ZpdC BtYXJnaW5z Ljxicj5Bcy BhIHJlc3Vs dCwgdGhlIG NvbXBhbnni gJlzIG1hcm dpbnMgY291 bGQgY29tcH Jlc3Mgc2ln bmlmaWNhbn RseSBkdWUg dG8gaGlnaG VyIG9wZXJh dGlvbmFsIG Nvc3RzIGFu ZCByZWR1Y2 VkIHByaWNp bmcgcG93ZX IgaW4gYSBk ZWNsaW5pbm cgZGVtYW5k IGVudmlyb2 5tZW50LiBJ ZiBMeW9uZG VsbEJhc2Vs bOKAmXMgbW FyZ2lucyBk cm9wLCBpdC B3b3VsZCBh bHNvIGxlYW QgdG8gbG93 ZXIgY2FzaC BmbG93cywg bWFraW5nIG l0IGNoYWxs ZW5naW5nIH RvIG1haW50 YWluIGhlYW x0aHkgbGlx dWlkaXR5Li BXaXRoIGZh bGxpbmcgcm V2ZW51ZXMg YW5kIGluY3 JlYXNpbmcg ZXhwZW5zZX MsIHRoZSBj b21wYW55IG 1pZ2h0IHN0 cnVnZ2xlIH RvIGdlbmVy YXRlIHRoZS BjYXNoIG5l Y2Vzc2FyeS B0byBzZXJ2 aWNlIGRlYn Qgb3IgaW52 ZXN0IGluIG dyb3d0aCBv cHBvcnR1bm l0aWVzLjxi cj5PbiB0aG UgYmFsYW5j ZSBzaGVldC Bmcm9udCwg THlvbmRlbG xCYXNlbGwg Y291bGQgZX hwZXJpZW5j ZSBpbmNyZW FzZWQgbGV2 ZXJhZ2UgYX MgdGhleSBt YXkgbmVlZC B0byBib3Jy b3cgdG8gY2 92ZXIgb3Bl cmF0aW5nIG RlZmljaXRz LiBDYXNoIH Jlc2VydmVz IGNvdWxkIG R3aW5kbGUs IHN0cmFpbm luZyB0aGUg Y29tcGFuee KAmXMgZmlu YW5jaWFsIG ZsZXhpYmls aXR5LiBMb2 5nLXRlcm0g ZGVidCBjb3 VsZCByaXNl IGlmIHRoZS Bjb21wYW55 IHNlZWtzIG 5ldyBmaW5h bmNpbmcgdG 8gY291bnRl cmFjdCBkZW NsaW5pbmcg cmV2ZW51ZX MsIHBvdGVu dGlhbGx5IG xlYWRpbmcg dG8gY3JlZG l0IHJhdGlu ZyBkb3duZ3 JhZGVzIGFu ZCBoaWdoZX IgYm9ycm93 aW5nIGNvc3 RzLjxicj5J biBzdW1tYX J5LCBpbiB0 aGUgZmFjZS BvZiBzdWNo IGFkdmVyc2 UgY29uZGl0 aW9ucywgTH lvbmRlbGxC YXNlbGzigJ lzIGVjb25v bWljIHZpYW JpbGl0eSBj b3VsZCBiZS Bjb21wcm9t aXNlZCwgY2 hhcmFjdGVy aXplZCBieS B0aWdodGVy IG1hcmdpbn MsIGRpbWlu aXNoZWQgY2 FzaCBmbG93 cywgYW5kIG Egc2lnbmlm aWNhbnRseS B3ZWFrZW5l ZCBiYWxhbm NlIHNoZWV0 Ljxicj4=

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 bG9nb3MvbW pFQTJYeEFq bXFIbzlYQW tGWFkud2Vi cCIgYWx0PS JMeW9uZGVs bEJhc2VsbC BJbmR1c3Ry aWVzIiB0aX RsZT0iTHlv bmRlbGxCYX NlbGwgSW5k dXN0cmllcy IgIGNsYXNz PSJpbWctZm x1aWQiIGhl aWdodD01MC B3aWR0aD01 MCBsb2FkaW 5nPSdsYXp5 JyBzdHlsZT 0nYm9yZGVy LXJhZGl1cz ogNnB4Oyc+ CgogICAgIC AgICAgICAg ICAgICAgID xkaXYgc3R5 bGU9J2ZsZX g6IDE7IHRl eHQtYWxpZ2 46IGNlbnRl cjsgbWFyZ2 luLWxlZnQ6 IDVweDsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8cCBzdH lsZT0nZm9u dC1zaXplOi AyNnB4OyBj b2xvcjogIz MzMzsgbWFy Z2luLWJvdH RvbTogMTVw eDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+TiC BXYW50IHRv IHJlYWQgbW 9yZSBhYm91 dCBMeW9uZG VsbEJhc2Vs bCBJbmR1c3 RyaWVzPwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg8J +TpSBHZXQg b3VyIGZyZW UgZUJvb2sg bm93OiA8aT 4iVGhlIENo ZWNrbGlzdC BWYWx1ZSBJ bnZlc3Rvci DigJQgQSBT bWFydGVyIF dheSB0byBQ aWNrIFN0b2 NrcyI8L2k+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvcD4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwhLS0K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGRpdiBz dHlsZT0nbW FyZ2luLXRv cDogMTJweD sgZm9udC1z aXplOiAxM3 B4OyBjb2xv cjogIzQ0ND snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgU2lnbiB1 cCBub3cgYW 5kIGdldCBv dXIgZnJlZS BlQm9vayAK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIDxi PlRoZSBDaG Vja2xpc3Qg VmFsdWUgSW 52ZXN0b3Ig 4oCUIEEgU2 1hcnRlciBX YXkgdG8gUG ljayBTdG9j a3M8L2I+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgICAgICAg ICAtLT4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PCEtLQogIC AgICAgICAg ICAgICAgIC AgICAgICA8 ZGl2IHN0eW xlPSdtYXJn aW4tdG9wOi AxNnB4OyBm b250LXNpem U6IDE0cHg7 IGNvbG9yOi AjNDQ0OyBm b250LWZhbW lseTogLWFw cGxlLXN5c3 RlbSwgQmxp bmtNYWNTeX N0ZW1Gb250 LCBTZWdvZS BVSSwgUm9i b3RvLCBIZW x2ZXRpY2Eg TmV1ZSwgc2 Fucy1zZXJp ZjsgbGluZS 1oZWlnaHQ6 IDEuNjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgSG F2ZSB5b3Ug aGVhcmQgYW JvdXQgb3Vy IHNob3J0ID xzdHJvbmcg c3R5bGU9J2 ZvbnQtd2Vp Z2h0OiA2MD A7Jz5EYWls eSBWaWRlby BOZXdzbGV0 dGVyPC9zdH Jvbmc+Pwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naH R0cHM6Ly93 d3cuaW5zaW dodGZ1bHZh bHVlLmNvbS 9uZXdzbGV0 dGVyLnBocC cgdGFyZ2V0 PSdfYmxhbm snIHN0eWxl PSdjb2xvcj ogIzAwN0JG RjsgdGV4dC 1kZWNvcmF0 aW9uOiBub2 5lOyBmb250 LXdlaWdodD ogNTAwOyBt YXJnaW4tbG VmdDogNnB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgRm luZCBvdXQg bW9yZQogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgLS0+Ci AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgIAog ICAgICAgIA ogICAgICAg IDxzcGFuIG NsYXNzPSdi bHVycmVkLX RleHQnPgog ICAgICAgIC AgICBNUzRn VEhsdmJtIF JsYkd4Q1lY TmwgYkd3Z1 NXNWtkWCBO MGNtbGxjeU JwIGN5QnZi bVVnYjIgWW dkR2hsSUd4 aCBjbWRsYz NRZ2NHIHho YzNScFkzTX MgSUdOb1pX MXBZMiBGc2 N5d2dZVzVr IElISmxabW x1YVcgNW5J R052YlhCaC BibWxsY3lC cGJpIEIwYU dVZ2QyOXkg YkdRc0lIZH BkRyBnZ2Iz QmxjbUYwIG FXOXVjeUJw YmkgQnZkbV Z5SURFdyBN Q0JqYjNWdW RIIEpwWlhN Z1lXNWsgSU c5MlpYSWdN VCBrc01EQX dJR1Z0IGNH eHZlV1ZsY3 kgNDhZbkkr TWk0ZyBWR2 hsSUdOdmJY IEJoYm5rZ2 QyRnogSUda dmNtMWxaQy BCcGJpQXlN REEzIElIUm 9jbTkxWjIg Z2dkR2hsSU cxbCBjbWRs Y2lCdlppIE JNZVc5dVpH VnMgYkNCRG FHVnRhVyBO aGJDQkRiMj F3IFlXNTVJ R0Z1WkMgQk NZWE5sYkd3 ZyBTVzUwWl hKdVlYIFJw YjI1aGJDQk kgYjJ4a2FX NW5jeSB3Z2 RIZHZJRzFo IGFtOXlJSE JzWVggbGxj bk1nYVc0Zy BkR2hsSUdO b1pXIDFwWT JGc0lHbHUg WkhWemRISj VMaiB4aWNq NHpMaUJNIG VXOXVaR1Zz YkUgSmhjMl ZzYkNCcCBj eUJvWldGa2 NYIFZoY25S bGNtVmsgSU dsdUlGSnZk SCBSbGNtUm hiU3dnIFRt VjBhR1Z5Yk cgRnVaSE1z SUdGdSBaQ0 JvWVhNZ2JX IEZxYjNJZ2 IzQmwgY21G MGFXNW5JRy BObGJuUmxj bk1nIGFXNG dTRzkxYzMg UnZiaXdnVk dWNCBZWE1z SUdGdVpDIE JNYjI1a2Iy NHMgSUZWdW FYUmxaQyBC TGFXNW5aRz l0IExqeGlj ajQwTGkgQl VhR1VnWTI5 dCBjR0Z1ZV NCcGN5IEJo SUd4bFlXUm wgY2lCcGJp QjBhRyBVZ2 NISnZaSFZq IGRHbHZiaU J2WmkgQndi Mng1WlhSby BlV3hsYm1V c0lIIEJ2Yk hsd2NtOXcg ZVd4bGJtVX NJRyBGdVpD QmhaSFpoIG JtTmxaQ0Jt YjMgSnRjeU J2WmlCdyBZ V05yWVdkcG JtIGNzSUhO MVkyZ2cgWV hNZ1pteGxl RyBsaWJHVW djRzkxIFky aGxjeUJoYm 0gUWdjR0Zq YTJGbiBhVz VuSUdacGJH IDF6TGp4aW NqNDEgTGlC TWVXOXVaRy BWc2JFSmhj MlZzIGJDQn paWEoyWlgg TWdZU0IzYV dSbCBJSEpo Ym1kbElHID ltSUdsdVpI VnogZEhKcF pYTXNJRyBs dVkyeDFaR2 x1IFp5QndZ V05yWVcgZH BibWNzSUdG MSBkRzl0Yj NScGRtIFVz SUdOdmJuTj AgY25WamRH bHZiaSB3Z1 lXNWtJR052 IGJuTjFiV1 Z5SUcgZHZi MlJ6TGp4aS BjajQyTGlC SmJpIEF5TU RFNUxDQk0g ZVc5dVpHVn NiRSBKaGMy VnNiQ0J5IF pYQnZjblJs WkMgQnVaWF FnYzJGcyBa WE1nYjJZZ0 pEIE16TGpR Z1ltbHMgYk dsdmJpQmhi bSBRZ2IzQm xjbUYwIGFX NW5JR2x1WT IgOXRaU0J2 WmlBayBNeT QzSUdKcGJH IHhwYjI0dV BHSnkgUGpj dUlGUm9aUy BCamIyMXdZ VzU1IElHbH pJR052Ylcg MXBkSFJsWk NCMCBieUJ6 ZFhOMFlXIG x1WVdKcGJH bDAgZVNCaG JtUWdhRyBG eklITmxkQ0 JoIGJXSnBk R2x2ZFggTW daMjloYkhN ZyBkRzhnY2 1Wa2RXIE5s SUdsMGN5Qm wgYm5acGNt OXViVyBWdW RHRnNJR2x0 IGNHRmpkQ3 dnYVcgNWpi SFZrYVc1bi BJSEpsWkhW amFXIDVuSU dkeVpXVnUg YUc5MWMyVW daMiBGeklH VnRhWE56IG FXOXVjeXdn ZDIgRjBaWE lnZFhOaCBa MlVzSUdGdV pDIEIzWVhO MFpTQm4gWl c1bGNtRjBh VyA5dUxqeG ljajQ0IExp Qk1lVzl1Wk cgVnNiRUpo YzJWcyBiQ0 JvWVhNZ2Nt IFZqWldsMl pXUWcgYm5W dFpYSnZkWC BNZ1lYZGhj bVJ6IElHWn ZjaUJwZEgg TWdhVzV1Yj NaaCBkR2wy WlNCd2NtID lrZFdOMGN5 QmggYm1RZ1 kyOXRiVyBs MGJXVnVkQ0 IwIGJ5Qnpk WE4wWVcgbH VZV0pwYkds MCBlU3dnYV c1amJIIFZr YVc1bklHSm wgYVc1bklH NWhiVyBWa0 lHOXVaU0J2 IFppQjBhR1 VnZDIgOXli R1RpZ0psei BJRzF2YzNR Z2MzIFZ6ZE dGcGJtRmkg YkdVZ1kyOX RjRyBGdWFX VnpJR0o1IE lFTnZjbkJ2 Y20gRjBaU0 JMYm1sbiBh SFJ6SUdsdU lEIEl3TWpF dVBHSnkgUG prdUlFbHVJ RCBJd01qQX NJSFJvIFpT QmpiMjF3WV cgNTVJR0Z1 Ym05MSBibU 5sWkNCcGRI IE1nWjI5aG JDQjAgYnlC d2NtOWtkVy BObElHRnVa Q0J0IFlYSn JaWFFnZEgg ZHZJRzFwYk d4cCBiMjRn ZEc5dWN5IE J2WmlCeVpX TjUgWTJ4bF pDQmhibSBR Z2NtVnVaWG RoIFlteGxM V0poYzIgVm tJSEJ2Ykhs dCBaWEp6SU dGdWJuIFZo Ykd4NUlHSj UgSURJd016 QXVQRyBKeV BqRXdMaUJN IGVXOXVaR1 ZzYkUgSmhj MlZzYkNCby BZWE1nWVNC emRIIEp2Ym 1jZ1kyOXQg YldsMGJXVn VkQyBCMGJ5 QnpZV1psIG RIa3NJSGRw ZEcgZ2dZU0 JuYjJGcyBJ RzltSUhwbG NtIDhnYVc1 amFXUmwgYm 5SeklHRnVa QyBCcGJtcD FjbWxsIGN5 d2dZVzVrSU cgaGhjeUJp WldWdSBJSE psWTI5bmJt IGw2WldRZ1 ptOXkgSUds MGN5QnpZVy BabGRIa2dj R1Z5IFptOX liV0Z1WTIg VWdZbmtnYj NKbiBZVzVw ZW1GMGFXID l1Y3lCc2FX dGwgSUhSb1 pTQkJiVyBW eWFXTmhiaU JHIGRXVnNJ Q1lnVUcgVj BjbTlqYUdW dCBhV05oYk NCTllXIDUx Wm1GamRIVn kgWlhKeklH RnVaQyBCMG FHVWdUbUYw IGFXOXVZV3 dnVTIgRm1a WFI1SUVOdi BkVzVqYVd3 dQogICAgIC AgIDwvc3Bh bj4KICAgIC AgICAKICAg ICAgICA=