Paychex

More reviews (1)

Live  

Paychex, Inc. is a prominent American provider of payroll, human resources, and benefits services for small to medium-sized businesses. Founded in 1971 by Tom Golisano in Rochester, New York, the company has grown significantly and now serves over 680,000 clients across the United States and parts of Europe.
Paychex offers a comprehensive range of services, including payroll processing, tax compliance, employee benefits administration, HR solutions, and time and attendance tracking. The company leverages technology to provide cloud-based software solutions that help businesses streamline their payroll and HR functions.
In addition to its core payroll services, Paychex has expanded its offerings to include retirement plan services, compliance assistance, and employee onboarding tools. The company is known for its strong customer service and support, providing resources and guidance to help businesses navigate various employment and regulatory challenges.
Paychex is publicly traded on the NASDAQ stock exchange under the ticker symbol PAYX. It has received recognition for its workplace culture and business practices, often being listed on various rankings for best companies to work for and innovative service providers in the human resources industry.
As of 2023, Paychex continues to adapt to the evolving needs of businesses, incorporating trends such as remote work, gig economy considerations, and regulatory changes into its service offerings.

UGF5Y2hleC BpcyBhIGNv bXBhbnkgdG hhdCBoZWxw cyBidXNpbm Vzc2VzIG1h bmFnZSB0aG VpciBlbXBs b3llZXPigJ kgcGF5bWVu dHMgYW5kIG JlbmVmaXRz LiBUaGluay BvZiBpdCBs aWtlIGEgc3 VwZXIgaGVs cGVyIGZvci Bjb21wYW5p ZXMgdGhhdC B3YW50IHRv IG1ha2Ugc3 VyZSB0aGVp ciB3b3JrZX JzIGdldCBw YWlkIG9uIH RpbWUgYW5k IGdldCB0aG UgcmlnaHQg YmVuZWZpdH MsIGxpa2Ug aGVhbHRoIG luc3VyYW5j ZSBvciByZX RpcmVtZW50 IHBsYW5zLj xicj5IZXJl 4oCZcyBob3 cgaXQgd29y a3M6IFdoZW 4gYSBjb21w YW55IGhpcm VzIHBlb3Bs ZSwgdGhleS BuZWVkIHRv IHBheSB0aG VtIGV2ZXJ5 IHdlZWsgb3 IgbW9udGgs IGFuZCB0aG V5IGFsc28g aGF2ZSB0by BrZWVwIHRy YWNrIG9mIH RheGVzIGFu ZCBvdGhlci BpbXBvcnRh bnQgdGhpbm dzLiBQYXlj aGV4IHByb3 ZpZGVzIHNl cnZpY2VzIH RoYXQgZG8g YWxsIG9mIH RoaXMgZm9y IHRoZSBjb2 1wYW55LiBU aGV5IG1ha2 UgaXQgZWFz eSBmb3IgYn VzaW5lc3Nl cyB0byBoYW 5kbGUgcGF5 cm9sbCwgd2 hpY2ggaXMg anVzdCBhIG ZhbmN5IHdv cmQgZm9yIH BheWluZyBl bXBsb3llZX MgYW5kIGtl ZXBpbmcgdH JhY2sgb2Yg bW9uZXkuIF BheWNoZXgg YWxzbyBvZm ZlcnMgYWR2 aWNlIGFuZC B0b29scyB0 byBoZWxwIG J1c2luZXNz ZXMgd2l0aC B0aGluZ3Mg bGlrZSBoaX JpbmcgbmV3 IGVtcGxveW VlcyBvciBv ZmZlcmluZy BiZW5lZml0 cy48YnI+UG F5Y2hleCBt YWtlcyBtb2 5leSBieSBj aGFyZ2luZy Bjb21wYW5p ZXMgZm9yIH RoZXNlIHNl cnZpY2VzLi BJZiBhIGJ1 c2luZXNzIH BheXMgUGF5 Y2hleCB0by BoZWxwIHRo ZW0gd2l0aC B0aGVpciBw YXlyb2xsIG FuZCBiZW5l Zml0cywgdG hlbiBQYXlj aGV4IGVhcm 5zIG1vbmV5 IGZyb20gdG hhdCBwYXlt ZW50LiBUaG UgbW9yZSBi dXNpbmVzc2 VzIHRoZXkg aGVscCwgdG hlIG1vcmUg bW9uZXkgdG hleSBjYW4g bWFrZSE8Yn I+UGF5Y2hl eCBpcyBzdW NjZXNzZnVs IGJlY2F1c2 UgdGhleSBw cm92aWRlIG EgcmVhbGx5 IGltcG9ydG FudCBzZXJ2 aWNlIHRoYX QgbWFueSBi dXNpbmVzc2 VzIG5lZWQu IE1vc3QgY2 9tcGFuaWVz LCB3aGV0aG VyIHRoZXkg YXJlIHNtYW xsIG9yIGxh cmdlLCByZW x5IG9uIFBh eWNoZXggdG 8gbWFrZSBz dXJlIGV2ZX J5dGhpbmcg cmVsYXRlZC B0byBwYXlt ZW50cyBhbm QgZW1wbG95 ZWUgYmVuZW ZpdHMgcnVu cyBzbW9vdG hseS4gVGhl eSBhcmUgYW xzbyBrbm93 biBmb3IgYm VpbmcgcmVs aWFibGUgYW 5kIGdvb2Qg YXQgd2hhdC B0aGV5IGRv LCB3aGljaC BidWlsZHMg dHJ1c3Qgd2 l0aCB0aGVp ciBjdXN0b2 1lcnMuPGJy PkluIHRoZS BmdXR1cmUs IFBheWNoZX ggd2lsbCBs aWtlbHkgY2 9udGludWUg dG8gYmUgc3 VjY2Vzc2Z1 bCBiZWNhdX NlIHRoZXJl IHdpbGwgYW x3YXlzIGJl IGNvbXBhbm llcyBoaXJp bmcgZW1wbG 95ZWVzLCBh bmQgdGhvc2 UgY29tcGFu aWVzIHdpbG wgbmVlZCBo ZWxwIHdpdG ggcGF5cm9s bCBhbmQgYm VuZWZpdHMu IFBsdXMsIG FzIHRlY2hu b2xvZ3kgZ2 V0cyBiZXR0 ZXIsIFBheW NoZXggY2Fu IHVzZSBuZX cgdG9vbHMg dG8gcHJvdm lkZSBldmVu IGJldHRlci BzZXJ2aWNl cy4gTWFueS BidXNpbmVz c2VzIHdpbG wga2VlcCB0 dXJuaW5nIH RvIFBheWNo ZXggYmVjYX VzZSBpdOKA mXMgZWFzaW VyIGFuZCBz YWZlciBmb3 IgdGhlbSB0 byBsZXQgdG hlIGV4cGVy dHMgaGFuZG xlIHRoZXNl IGltcG9ydG FudCB0YXNr cy48YnI+

MS4gSW5kdX N0cnkgbGVh ZGVyOiBQYX ljaGV4IGlz IGEgcmVjb2 duaXplZCBs ZWFkZXIgaW 4gdGhlIHBh eXJvbGwgYW 5kIGh1bWFu IHJlc291cm NlIHNlcnZp Y2VzIGluZH VzdHJ5LiBU aGV5IGhhdm UgYmVlbiBp biBidXNpbm VzcyBmb3Ig b3ZlciA0NS B5ZWFycyBh bmQgY3Vycm VudGx5IHNl cnZlIG92ZX IgNzAwLDAw MCBjbGllbn RzLCBtYWtp bmcgdGhlbS BvbmUgb2Yg dGhlIGxhcm dlc3QgcGF5 cm9sbCBwcm 92aWRlcnMg aW4gdGhlIH dvcmxkLjxi cj4yLiBFbm QtdG8tZW5k IHNvbHV0aW 9uczogUGF5 Y2hleCBvZm ZlcnMgYSBj b21wcmVoZW 5zaXZlIHJh bmdlIG9mIH NlcnZpY2Vz LCBpbmNsdW RpbmcgcGF5 cm9sbCBwcm 9jZXNzaW5n LCB0aW1lIG FuZCBhdHRl bmRhbmNlIH RyYWNraW5n LCBIUiBzZX J2aWNlcywg YmVuZWZpdH MgYWRtaW5p c3RyYXRpb2 4sIGFuZCBt b3JlLiBUaG lzIG1ha2Vz IHRoZW0gYS BvbmUtc3Rv cC1zaG9wIG ZvciBhbGwg dGhlIEhSIG FuZCBwYXly b2xsIG5lZW RzIG9mIHNt YWxsIGFuZC BtZWRpdW0t c2l6ZWQgYn VzaW5lc3Nl cy48YnI+My 4gQ3VzdG9t aXphYmxlIH NvbHV0aW9u czogUGF5Y2 hleCB1bmRl cnN0YW5kcy B0aGF0IGV2 ZXJ5IGJ1c2 luZXNzIGlz IHVuaXF1ZS BhbmQgaGFz IGRpZmZlcm VudCBuZWVk cy4gVGhhdC BpcyB3aHkg dGhleSBvZm ZlciBjdXN0 b21pemFibG Ugc29sdXRp b25zIHRvIG 1lZXQgdGhl IHNwZWNpZm ljIHJlcXVp cmVtZW50cy BvZiB0aGVp ciBjbGllbn RzLCB3aGV0 aGVyIGl0J3 MgZm9yIGEg c21hbGwgYn VzaW5lc3Mg b3IgYSBsYX JnZSBjb3Jw b3JhdGlvbi 48YnI+NC4g Q3V0dGluZy 1lZGdlIHRl Y2hub2xvZ3 k6IFBheWNo ZXggbGV2ZX JhZ2VzIHRo ZSBsYXRlc3 QgdGVjaG5v bG9neSB0by Bwcm92aWRl IGVmZmljaW VudCBhbmQg dXNlci1mcm llbmRseSBz b2x1dGlvbn MgZm9yIHRo ZWlyIGNsaW VudHMuIFRo ZXkgaGF2ZS BhZHZhbmNl ZCB0b29scy BhbmQgcmVz b3VyY2VzIG ZvciBwYXly b2xsIHByb2 Nlc3Npbmcs IGVtcGxveW VlIG1hbmFn ZW1lbnQsIG FuZCBjb21w bGlhbmNlLC BtYWtpbmcg aXQgZWFzaW VyIGZvciBi dXNpbmVzc2 VzIHRvIGhh bmRsZSB0aG VpciBIUiBy ZXNwb25zaW JpbGl0aWVz Ljxicj41Li BFeGNlbGxl bnQgY3VzdG 9tZXIgc2Vy dmljZTogUG F5Y2hleCBo YXMgYSBkZW RpY2F0ZWQg dGVhbSBvZi BleHBlcnRz IHdobyBwcm 92aWRlIGV4 Y2VwdGlvbm FsIGN1c3Rv bWVyIHNlcn ZpY2UgdG8g dGhlaXIgY2 xpZW50cy4g VGhleSBvZm ZlciBzdXBw b3J0IHZpYS BwaG9uZSwg ZW1haWwsIG FuZCBjaGF0 LCBlbnN1cm luZyB0aGF0 IGJ1c2luZX NzZXMgZ2V0 IHRoZSBoZW xwIHRoZXkg bmVlZCB3aG VuZXZlciB0 aGV5IG5lZW QgaXQuPGJy PjYuIENvbX BsaWFuY2Ug ZXhwZXJ0aX NlOiBXaXRo IGNvbnN0YW 50bHkgY2hh bmdpbmcgbG F3cyBhbmQg cmVndWxhdG lvbnMsIGl0 IGNhbiBiZS BjaGFsbGVu Z2luZyBmb3 IgYnVzaW5l c3NlcyB0by BzdGF5IGNv bXBsaWFudC 4gUGF5Y2hl eCBoYXMgYS B0ZWFtIG9m IGNvbXBsaW FuY2UgZXhw ZXJ0cyB3aG 8gc3RheSB1 cC10by1kYX RlIHdpdGgg dGhlIGxhdG VzdCBsYXdz IGFuZCByZW d1bGF0aW9u cyB0byBoZW xwIGJ1c2lu ZXNzZXMgZW 5zdXJlIGNv bXBsaWFuY2 UgYW5kIGF2 b2lkIGFueS BwZW5hbHRp ZXMuPGJyPj cuIENsaWVu dCBlZHVjYX Rpb24gYW5k IHJlc291cm NlczogUGF5 Y2hleCBnb2 VzIGJleW9u ZCBqdXN0IH Byb3ZpZGlu ZyBzZXJ2aW NlcyBhbmQg YWxzbyBvZm ZlcnMgZWR1 Y2F0aW9uYW wgcmVzb3Vy Y2VzIGZvci B0aGVpciBj bGllbnRzIG 9uIHZhcmlv dXMgSFIgYW 5kIHBheXJv bGwgdG9waW NzLiBUaGV5 IGhhdmUgd2 ViaW5hcnMs IGFydGljbG VzLCBhbmQg b3RoZXIgcm Vzb3VyY2Vz IGF2YWlsYW JsZSB0byBo ZWxwIGJ1c2 luZXNzZXMg c3RheSB1cG RhdGVkIGFu ZCBtYWtlIG luZm9ybWVk IGRlY2lzaW 9ucy48YnI+ OC4gRm9jdX Mgb24gc21h bGwgYnVzaW 5lc3Nlczog UGF5Y2hleC B1bmRlcnN0 YW5kcyB0aG UgdW5pcXVl IGNoYWxsZW 5nZXMgZmFj ZWQgYnkgc2 1hbGwgYnVz aW5lc3Nlcy BhbmQgb2Zm ZXJzIHRhaW xvcmVkIHNv bHV0aW9ucy B0byBtZWV0 IHRoZWlyIG 5lZWRzLiBU aGV5IGhhdm UgZGVkaWNh dGVkIHNlcn ZpY2VzLCBw cmljaW5nIH BsYW5zLCBh bmQgcmVzb3 VyY2VzIGZv ciBzbWFsbC BidXNpbmVz c2VzLCBtYW tpbmcgaXQg ZWFzaWVyIG ZvciB0aGVt IHRvIG1hbm FnZSB0aGVp ciBIUiBhbm QgcGF5cm9s bCByZXNwb2 5zaWJpbGl0 aWVzLjxicj 45LiBDb21t aXRtZW50IH RvIGRpdmVy c2l0eSBhbm QgaW5jbHVz aW9uOiBQYX ljaGV4IGhh cyBhIHN0cm 9uZyBjb21t aXRtZW50IH RvIGRpdmVy c2l0eSBhbm QgaW5jbHVz aW9uLCBib3 RoIHdpdGhp biB0aGVpci Bjb21wYW55 IGFuZCBpbi B0aGUgd29y a3BsYWNlLi BUaGV5IGhh dmUgdmFyaW 91cyBpbml0 aWF0aXZlcy BpbiBwbGFj ZSB0byBwcm 9tb3RlIGRp dmVyc2l0eS BhbmQgb2Zm ZXIgcmVzb3 VyY2VzIGFu ZCBzdXBwb3 J0IHRvIGhl bHAgYnVzaW 5lc3NlcyBj cmVhdGUgaW 5jbHVzaXZl IHdvcmtwbG FjZXMuPGJy PjEwLiBBd2 FyZHMgYW5k IHJlY29nbm l0aW9uOiBQ YXljaGV4IG hhcyByZWNl aXZlZCBudW 1lcm91cyBh d2FyZHMgYW 5kIHJlY29n bml0aW9uIG ZvciBpdHMg c2VydmljZX MsIGN1c3Rv bWVyIHNhdG lzZmFjdGlv biwgYW5kIH dvcmtwbGFj ZSBjdWx0dX JlLiBUaGlz IGluY2x1ZG VzIGJlaW5n IG5hbWVkIG 9uZSBvZiB0 aGUgV29ybG QncyBNb3N0 IEV0aGljYW wgQ29tcGFu aWVzIGJ5IH RoZSBFdGhp c3BoZXJlIE luc3RpdHV0 ZSwgRm9yYm VzJyBBbWVy aWNhJ3MgQm VzdCBFbXBs b3llcnMgZm 9yIERpdmVy c2l0eSwgYW 5kIHdpbm5p bmcgbXVsdG lwbGUgU3Rl dmllIEF3YX JkcyBmb3Ig Y3VzdG9tZX Igc2Vydmlj ZSBleGNlbG xlbmNlLg==

UGF5Y2hleC BpcyBhIGNv bXBhbnkgdG hhdCBvZmZl cnMgaHVtYW 4gcmVzb3Vy Y2UgYW5kIH BheXJvbGwg c2VydmljZX MgdG8gc21h bGwgYW5kIG 1lZGl1bS1z aXplZCBidX NpbmVzc2Vz LiBUaGVpci BidXNpbmVz cyBtb2RlbC BpcyBiYXNl ZCBvbiBwcm 92aWRpbmcg YnVzaW5lc3 NlcyB3aXRo IGEgY29tcH JlaGVuc2l2 ZSBzdWl0ZS BvZiBzZXJ2 aWNlcyB0aG F0IGhlbHAg bWFuYWdlIH RoZWlyIGVt cGxveWVlcy BhbmQgcGF5 cm9sbCBwcm 9jZXNzZXMg ZWZmaWNpZW 50bHkuPGJy PlBheWNoZX ggb2ZmZXJz IGEgdmFyaW V0eSBvZiBz ZXJ2aWNlcy wgaW5jbHVk aW5nIHBheX JvbGwgcHJv Y2Vzc2luZy wgdGF4IGFk bWluaXN0cm F0aW9uLCBo dW1hbiByZX NvdXJjZSBt YW5hZ2VtZW 50LCByZXRp cmVtZW50IH NlcnZpY2Vz LCBhbmQgaW 5zdXJhbmNl IHNlcnZpY2 VzLiBUaGV5 IGFsc28gb2 ZmZXIgdG9v bHMgYW5kIH Jlc291cmNl cyBzdWNoIG FzIHRpbWUg YW5kIGF0dG VuZGFuY2Ug dHJhY2tpbm csIGVtcGxv eWVlIHNlbG Ytc2Vydmlj ZSBwb3J0YW xzLCBhbmQg Y29tcGxpYW 5jZSBzZXJ2 aWNlcyB0by BoZWxwIGJ1 c2luZXNzZX Mgc3RheSBp biBjb21wbG lhbmNlIHdp dGggbGF3cy BhbmQgcmVn dWxhdGlvbn MuPGJyPlRo ZWlyIHJldm VudWUgbW9k ZWwgaXMgYm FzZWQgb24g YSBzdWJzY3 JpcHRpb24t YmFzZWQgcG F5bWVudCBz eXN0ZW0sIH doZXJlIGJ1 c2luZXNzZX MgcGF5IGEg bW9udGhseS BmZWUgZm9y IGFjY2Vzcy B0byB0aGVp ciBzZXJ2aW Nlcy4gVGhl IGFtb3VudC BvZiB0aGUg ZmVlIGlzIG Jhc2VkIG9u IHRoZSBzcG VjaWZpYyBz ZXJ2aWNlcy BhbmQgZmVh dHVyZXMgdG hhdCBhIGJ1 c2luZXNzIH JlcXVpcmVz Ljxicj5QYX ljaGV4J3Mg dGFyZ2V0IG 1hcmtldCBp cyBzbWFsbC BhbmQgbWVk aXVtLXNpem VkIGJ1c2lu ZXNzZXMgd2 l0aCBmZXdl ciB0aGFuID EwMCBlbXBs b3llZXMuIF RoZWlyIGJ1 c2luZXNzIG 1vZGVsIGlz IGRlc2lnbm VkIHRvIGJl IHNjYWxhYm xlLCBhbGxv d2luZyB0aG VtIHRvIHNl cnZlIGJ1c2 luZXNzZXMg b2YgYWxsIH NpemVzIGFu ZCBpbmR1c3 RyaWVzLjxi cj5PdmVyYW xsLCBQYXlj aGV4J3MgYn VzaW5lc3Mg bW9kZWwgZm 9jdXNlcyBv biBwcm92aW RpbmcgYnVz aW5lc3Nlcy B3aXRoIGEg Y29tcHJlaG Vuc2l2ZSwg Y29zdC1lZm ZlY3RpdmUs IGFuZCB1c2 VyLWZyaWVu ZGx5IHNvbH V0aW9uIGZv ciBtYW5hZ2 luZyB0aGVp ciBlbXBsb3 llZXMgYW5k IHBheXJvbG wgcHJvY2Vz c2VzLiBUaG lzIGFwcHJv YWNoIGhhcy BhbGxvd2Vk IFBheWNoZX ggdG8gYmVj b21lIGEgbG VhZGluZyBw cm92aWRlci BvZiBIUiBh bmQgcGF5cm 9sbCBzZXJ2 aWNlcyBpbi B0aGUgVW5p dGVkIFN0YX Rlcy4=

AI does have the potential to influence Paychex’s products, services, and competitive positioning in several ways.
1. Substitution: AI can enhance or replace certain functionalities of traditional payroll and HR services offered by Paychex. For instance, automated AI-driven platforms could streamline payroll processing, benefits administration, and employee onboarding, potentially providing more cost-effective solutions for businesses. If competitors adopt advanced AI technology successfully, they could offer similar services at reduced rates or with greater efficiency, possibly attracting Paychex’s clients.
2. Disintermediation: AI technologies allow businesses to perform functions traditionally reliant on third-party providers, like payroll and HR management, internally or through direct-to-consumer platforms. This reduces the need for services like those offered by Paychex. Small and medium-sized enterprises might opt for AI-powered software solutions that handle payroll and HR tasks ihouse, thereby cutting out intermediaries.
3. Margin Pressure: The introduction of AI can lead to increased competition as firms utilize technology to lower operational costs and improve efficiency. If Paychex does not adapt its pricing structures or invest in AI capabilities, it could face margin pressure as competitors offer similar or superior services at lower prices, compelling Paychex to adjust its own pricing strategies or invest more heavily in innovation to maintain margins.
Overall, while AI poses significant threats, it also offers opportunities for Paychex to innovate and enhance its service offerings. The company could leverage AI to improve operational efficiency, deliver more personalized customer experiences, and maintain a competitive edge if it strategically integrates AI into its operations.

Paychex, being a provider of payroll, human resources, and benefits outsourcing services, can experience varying sensitivities to changes in interest rates in several ways:
1. Earnings Sensitivity: Interest rates can indirectly affect Paychex’s earnings through influence on the broader economic environment. Higher interest rates might lead to reduced consumer spending and business investment, potentially slowing overall economic growth and affecting client demand for Paychex’s services. Additionally, if borrowing costs increase for small businesses, they may prioritize cost-cutting measures, including reducing their spending on payroll services.
2. Cash Flow Sensitivity: Cash flow can be impacted by interest rate changes in two primary ways. First, if clients experience increased borrowing costs due to higher interest rates, they may face financial strain, which could lead to delayed payments or reduced service usage. Second, if Paychex has variable-rate debt, higher interest rates would increase interest expenses, thereby reducing cash flow from operations.
3. Valuation Sensitivity: The valuation of Paychex is influenced by the discount rate used in cash flow projections. An increase in interest rates typically raises the discount rate, decreasing the present value of future cash flows and potentially lowering the company’s market valuation. Additionally, investors might shift to fixed-income investments as yields rise, which could reduce equity valuations in the market, including that of Paychex.
Overall, while Paychex is somewhat insulated due to its diversified service offerings and focus on small and medium-sized businesses, it remains sensitive to changes in interest rates primarily through the economic cycles they influence, as well as their direct impact on cash flows and valuation metrics.

T25lIHBsYX VzaWJsZSBz Y2VuYXJpby B0aGF0IGNv dWxkIHBlcm 1hbmVudGx5 IGltcGFpci BQYXljaGV4 4oCZcyBlY2 9ub21pY3Mg b3ZlciB0aG UgbmV4dCAz 4oCTNSB5ZW FycyBpcyB0 aGUgd2lkZX NwcmVhZCBh ZG9wdGlvbi BvZiBhZHZh bmNlZCBhdX RvbWF0aW9u IGFuZCBhcn RpZmljaWFs IGludGVsbG lnZW5jZSAo QUkpIGluIH BheXJvbGwg YW5kIGh1bW FuIHJlc291 cmNlIG1hbm FnZW1lbnQu IEFzIGNvbX BhbmllcyBp bmNyZWFzaW 5nbHkgdHVy biB0byBBSS 1kcml2ZW4g c29sdXRpb2 5zIGZvciBw YXlyb2xsIH Byb2Nlc3Np bmcsIHN0YW ZmaW5nLCBh bmQgSFIgZn VuY3Rpb25z LCBQYXljaG V4IGNvdWxk IGZhY2Ugc2 lnbmlmaWNh bnQgY29tcG V0aXRpdmUg cHJlc3N1cm UsIGxlYWRp bmcgdG8gcm VkdWNlZCBk ZW1hbmQgZm 9yIGl0cyBz ZXJ2aWNlcy 48YnI+SW4g dGhpcyBzY2 VuYXJpbywg UGF5Y2hleC BtYXkgZXhw ZXJpZW5jZS BhIGRlY2xp bmUgaW4gY2 xpZW50IHJl dGVudGlvbi BhcyBidXNp bmVzc2VzIG 9wdCBmb3Ig bG93ZXItY2 9zdCwgYXV0 b21hdGVkIH NvbHV0aW9u cy4gQ29uc2 VxdWVudGx5 LCByZXZlbn VlcyBjb3Vs ZCBkZWNyZW FzZSBzaWdu aWZpY2FudG x5IGFzIG5l dyBjbGllbn QgYWNxdWlz aXRpb24gYm Vjb21lcyBt b3JlIGNoYW xsZW5naW5n LiBUaGlzIH NoaWZ0IG1h eSBoYXJtIF BheWNoZXji gJlzIG1hcm dpbnMsIGFz IGZpeGVkIG Nvc3RzIGFz c29jaWF0ZW Qgd2l0aCBp dHMgdGVjaG 5vbG9neSBh bmQgcGVyc2 9ubmVsIHJl bWFpbiByZW xhdGl2ZWx5 IGNvbnN0YW 50IHdoaWxl IHJldmVudW VzIGRyb3Au PGJyPkNhc2 ggZmxvdyBj b3VsZCBhbH NvIHRha2Ug YSBoaXQgZH VlIHRvIGRl Y2xpbmluZy ByZXZlbnVl cywgcG90ZW 50aWFsbHkg bGVhZGluZy B0byByZWR1 Y2VkIG9wZX JhdGlvbmFs IGNhc2ggZm xvdy4gVGhl IGNvbXBhbn kgbWlnaHQg aGF2ZSB0by BpbnZlc3Qg aGVhdmlseS BpbiB0ZWNo bm9sb2d5IG FuZCBpbm5v dmF0aW9uIH RvIHN0YXkg Y29tcGV0aX RpdmUsIGZ1 cnRoZXIgc3 RyYWluaW5n IGNhc2ggZm xvdyBpbiB0 aGUgc2hvcn QgcnVuLiBJ ZiB0aGlzIH RyZW5kIHBl cnNpc3RzIG FuZCB0aGUg Y29tcGFueS BzdHJ1Z2ds ZXMgdG8gcG l2b3QgaXRz IGJ1c2luZX NzIG1vZGVs IGVmZmVjdG l2ZWx5LCBp dCBjb3VsZC BmYWNlIG5l Z2F0aXZlIG Nhc2ggZmxv dywgd2hpY2 ggd291bGQg Y29tcGVsIG l0IHRvIHJl bHkgb24gZX h0ZXJuYWwg ZmluYW5jaW 5nIG9yIHRh cCBpbnRvIH Jlc2VydmVz Ljxicj5Pbi B0aGUgYmFs YW5jZSBzaG VldCwgdGhl IGxvbmctdG VybSBpbXBh Y3Qgb2YgdG hpcyBzY2Vu YXJpbyBjb3 VsZCBtYW5p ZmVzdCBpbi BkZWNyZWFz ZWQgYXNzZX QgdmFsdWF0 aW9ucywgYX MgdGhlIHRl Y2hub2xvZ3 kgaW52ZXN0 bWVudHMgbW F5IG5vdCB5 aWVsZCB0aG UgYW50aWNp cGF0ZWQgcm V0dXJucy4g SWYgUGF5Y2 hleOKAmXMg cmV2ZW51ZS BkZWNsaW5l cyBzaWduaW ZpY2FudGx5 LCByZXRhaW 5lZCBlYXJu aW5ncyB3b3 VsZCBhbHNv IGJlIGltcG FjdGVkLCBs ZWFkaW5nIH RvIGEgd2Vh a2VyIGVxdW l0eSBwb3Np dGlvbi4gSW 5jcmVhc2Vk IGJvcnJvd2 luZyB0byBz dXBwb3J0IG Nhc2ggZmxv dyBuZWVkcy Bjb3VsZCBy ZXN1bHQgaW 4gaGlnaGVy IGRlYnQgbG V2ZWxzLCBp bmNyZWFzaW 5nIGludGVy ZXN0IGV4cG Vuc2VzIGFu ZCBmdXJ0aG VyIHByZXNz dXJpbmcgcH JvZml0YWJp bGl0eS48Yn I+SW4gc3Vt bWFyeSwgaW Ygd2lkZXNw cmVhZCBhdX RvbWF0aW9u IGFuZCBBSS BhZG9wdGlv biBuZWdhdG l2ZWx5IGFm ZmVjdCBQYX ljaGV4LCB0 aGUgY29tcG FueSBjb3Vs ZCBleHBlcm llbmNlIHJl ZHVjZWQgbW FyZ2lucyBk dWUgdG8gZG VjcmVhc2Vk IHJldmVudW VzLCBzdHJh aW5lZCBjYX NoIGZsb3cg ZnJvbSBkZW NsaW5pbmcg YnVzaW5lc3 Mgdm9sdW1l cyBhbmQgaW 5jcmVhc2Vk IHRlY2hub2 xvZ3kgaW52 ZXN0bWVudH MsIGFuZCBh IHdlYWtlbm VkIGJhbGFu Y2Ugc2hlZX QgcmVzdWx0 aW5nIGZyb2 0gbG93ZXIg YXNzZXQgdm FsdWF0aW9u cyBhbmQgcG 9zc2libHkg aGlnaGVyIG RlYnQgbGV2 ZWxzLjxicj 4=

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvcD hFRFVoYkp6 YWVPaXRSTV F5S2Qud2Vi cCIgYWx0PS JQYXljaGV4 IiB0aXRsZT 0iUGF5Y2hl eCIgIGNsYX 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 91dCBQYXlj aGV4PwogIC 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 ICAgIFVHRj VZMmhsZUMg d2dabTkxYm 1SbCBaQ0Jw YmlBeE9UIG N4SUdKNUlG UnYgYlNCSG IyeHBjMiBG dWJ5d2dhWE 1nIFlTQndj bTl0YVcgNW xiblFnY0hK diBkbWxrWl hJZ2IyIFln Y0dGNWNtOX MgYkN3Z2FI VnRZVyA0Z2 NtVnpiM1Z5 IFkyVXNJSE psZEcgbHla VzFsYm5Rcy BJR0Z1WkNC bGJYIEJzYj NsbFpTQmkg Wlc1bFptbD BjeSBCemIy eDFkR2x2IG JuTXVJRWhs Y20gVWdZWE psSUhOdiBi V1VnYVc1MF pYIEpsYzNS cGJtY2cgWm 1GamRITWdZ VyBKdmRYUW dkR2hsIElH TnZiWEJoYm 4gazZQR0p5 UGpFdSBJRU p5YjJGa0lF IE5zYVdWdW RDQkMgWVhO bE9pQlFZWC BsamFHVjRJ SE5sIGNuWm xjeUJ2ZG0g VnlJRGN3TU N3dyBNREFn WW5WemFXID VsYzNObGN5 QmggWTNKdm MzTWdkbSBG eWFXOTFjeU JwIGJtUjFj M1J5YVcgVn pMQ0J3Y21s dCBZWEpwYk hrZ1ptIDlq ZFhOcGJtY2 cgYjI0Z2My MWhiRyB3Z2 RHOGdiV1Zr IGFYVnRMWE 5wZW0gVmtJ R1Z1ZEdWeS BjSEpwYzJW ekxqIHhpY2 o0eUxpQkog VUU4Z1UzVm pZMiBWemN6 b2dVR0Y1IF kyaGxlQ0Iz WlcgNTBJSE IxWW14cCBZ eUJwYmlBeE 9UIGd6SUdG dVpDQnAgY3 lCc2FYTjBa VyBRZ2IyNG dkR2hsIElF NUJVMFJCVV MgQnpkRzlq YXlCbCBlR0 5vWVc1blpT IEIxYm1SbG NpQjAgYUdV Z2RHbGphMi BWeUlITjVi V0p2IGJDQl FRVmxZTGog eGljajR6TG lCRCBiMjF3 Y21Wb1pXID V6YVhabElG TmwgY25acF kyVnpPaSBC VWFHVWdZMj l0IGNHRnVl U0J2Wm0gWm xjbk1nWVNC MyBhV1JsSU hKaGJtIGRs SUc5bUlITm wgY25acFky VnpJRyBKbG VXOXVaQ0J3 IFlYbHliMn hzTEMgQnBi bU5zZFdScC BibWNnZEdG NElHIEZrYl dsdWFYTjAg Y21GMGFXOX VMQyBCamIy MXdiR2xoIG JtTmxJR0Z6 YzIgbHpkR0 Z1WTJVcyBJ R1Z0Y0d4dm VXIFZsSUdK bGJtVm0gYV hSekxDQmhi bSBRZ1NGSW diM1YwIGMy OTFjbU5wYm 0gY3VQR0p5 UGpRdSBJRl JsWTJodWIy IHh2WjJsal lXd2cgU1c1 dWIzWmhkRy BsdmJqb2dV R0Y1IFkyaG xlQ0JqYjIg NTBhVzUxWV d4cyBlU0Jw Ym5abGMzIF J6SUdsdUlI UmwgWTJodW IyeHZaMyBr c0lHOW1abV Z5IGFXNW5J R05zYjMgVm tMV0poYzJW ayBJSE52Yk hWMGFXIDl1 Y3lCaGJtUW cgYlc5aWFX eGxJRyBGd2 NHeHBZMkYw IGFXOXVjeU IwYUcgRjBJ R0ZzYkc5My BJR0oxYzJs dVpYIE56Wl hNZ2RHOGcg YldGdVlXZG xJSCBCaGVY SnZiR3dnIF lXNWtJRWhT SUggUmhjMn R6SUcxdiBj bVVnWldabW FXIE5wWlc1 MGJIa3UgUE dKeVBqVXVJ RSBWdGNHeH ZlV1ZsIElF TnZkVzUwT2 kgQlVhR1Vn WTI5dCBjR0 Z1ZVNCbGJY IEJzYjNsek lHMXYgY21V Z2RHaGhiaS BBeE5Td3dN REFnIGFXNW thWFpwWkgg VmhiSE1zSU dOdiBiblJ5 YVdKMWRHIG x1WnlCMGJ5 QnAgZEhNZ1 lXSnBiRyBs MGVTQjBieU J3IGNtOTJh V1JsSUggQm xjbk52Ym1G cyBhWHBsWk NCelpYIEoy YVdObElIUn YgSUdOc2FX VnVkSCBNdV BHSnlQall1 IElGSmxZMj luYm0gbDBh Vzl1SUdGdS BaQ0JCZDJG eVpIIE02SU ZCaGVXTm8g WlhnZ2FHRn pJSCBKbFky VnBkbVZrIE lHNTFiV1Z5 YjMgVnpJR0 YzWVhKayBj eUJtYjNJZ2 FYIFJ6SUhk dmNtdHcgYk dGalpTQmpk VyB4MGRYSm xJR0Z1IFpD QnBibTV2ZG 0gRjBhVzl1 TENCcCBibU 5zZFdScGJt IGNnWW1WcG JtY2cgYm1G dFpXUWdZUy BCQ1pYTjBJ RkJzIFlXTm xJSFJ2SUYg ZHZjbXNnWW 5rZyBkbUZ5 YVc5MWN5IE J2Y21kaGJt bDYgWVhScG IyNXpMaiB4 aWNqNDNMaU JUIGIyTnBZ V3dnVW0gVn pjRzl1YzJs aSBhV3hwZE hrNklGIEJo ZVdOb1pYZ2 cgYVhNZ2FX NTJiMiB4Ml pXUWdhVzRn IGRtRnlhVz kxY3kgQmpi MjF0ZFc1cC BkSGtnYVc1 cGRHIGxoZE dsMlpYTWcg WVc1a0lHTm 9ZWCBKcGRH RmliR1VnIF lXTjBhWFpw ZEcgbGxjeX dnYzNWdyBj Rzl5ZEdsdV p5IEJzYjJO aGJDQnYgY2 1kaGJtbDZZ WCBScGIyNX pJR0Z1IFpD QmxibU52ZF ggSmhaMmx1 WnlCbCBiWE JzYjNsbFpT IEIyYjJ4MW JuUmwgWlhK cGMyMHVQRy BKeVBqZ3VJ Rk4wIGNtRj BaV2RwWXkg QkJZM0YxYV hOcCBkR2x2 Ym5NNklFID kyWlhJZ2RH aGwgSUhsbF lYSnpMQyBC UVlYbGphR1 Y0IElHaGhj eUJoWTMgRj FhWEpsWkNC MiBZWEpwYj NWeklHIE52 YlhCaGJtbG wgY3lCMGJ5 QmxibSBoaG JtTmxJR2ww IGN5QnpaWE oyYVcgTmxJ RzltWm1WeS BhVzVuY3l3 Z2FXIDVqYk hWa2FXNW4g SUhSbFkyaH ViMiB4dloz a2dabWx5IG JYTWdZVzVr SUUgaFNJRz kxZEhOdiBk WEpqYVc1bk lHIE52YlhC aGJtbGwgY3 k0OFluSStP UyA0Z1ZISm hhVzVwIGJt Y2dZVzVrSU UgUmxkbVZz YjNCdCBaVz UwT2lCVWFH IFVnWTI5dG NHRnUgZVNC d2JHRmpaWC BNZ1lTQnpk SEp2IGJtY2 daVzF3YUcg RnphWE1nYj I0ZyBaVzF3 Ykc5NVpXIF VnZEhKaGFX NXAgYm1jZ1 lXNWtJSCBC eWIyWmxjM0 5wIGIyNWhi Q0JrWlggWm xiRzl3YldW dSBkQ3dnWl c1emRYIEpw Ym1jZ2RHaG ggZENCemRH Rm1aaSBCaG NtVWdkMlZz IGJDMWxjWF ZwY0ggQmxa Q0IwYnlCaC BjM05wYzNR Z1kyIHhwWl c1MGN5NDgg WW5JK01UQX VJRSB4bFlX Umxjbk5vIG FYQWdhVzRn UTIgOXRjR3 hwWVc1aiBa VG9nVUdGNV kyIGhsZUNC b1pXeHcgY3 lCaWRYTnBi bSBWemMyVn pJRzVoIGRt bG5ZWFJsSU cgTnZiWEJz WlhnZyBjbV ZuZFd4aGRH IDl5ZVNCbG JuWnAgY205 dWJXVnVkSC BNZ1lua2dj SEp2IGRtbG thVzVuSUgg SmxjMjkxY2 1ObCBjeUJo Ym1RZ2MzIF Z3Y0c5eWRD Qm0gYjNJZ1 kyOXRjRyB4 cFlXNWpaU0 IzIGFYUm9J R3hoWW0gOX lJR3hoZDNN ZyBZVzVrSU hSaGVDIEJ5 WldkMWJHRj AgYVc5dWN5 NGdQRyBKeV BsUm9aWE5s IElHRnpjR1 ZqZEggTWdh R2xuYUd4cC BaMmgwSUZC aGVXIE5vWl hqaWdKbHog SUdSbFpHbG pZWCBScGIy NGdkRzhnIG MzVndjRzl5 ZEcgbHVaeU JpZFhOcCBi bVZ6YzJWek lHIEZ1WkNC bWIzTjAgWl hKcGJtY2dZ UyBCd2IzTn BkR2wyIFpT QjNiM0pyY0 cgeGhZMlVn WTNWcyBkSF Z5WlNCM2FH IGxzWlNCeV pXMWggYVc1 cGJtY2dZWC BRZ2RHaGxJ R1p2IGNtVm 1jbTl1ZEMg QnZaaUJwYm 1SMSBjM1J5 ZVNCa1pYIF psYkc5d2JX VnUgZEhNdV BHSnlQZyA9 PQogICAgIC AgIDwvc3Bh bj4KICAgIC AgICAKICAg ICAgICA=