Trinity Capital

Live  

Trinity Capital is a venture capital firm that primarily focuses on providing growth financing to technology and venture-backed companies. Founded to support entrepreneurs in their journey, the firm often invests in companies at various stages, from early-stage to growth equity rounds.
Trinity Capital aims to offer flexible capital solutions that can help businesses scale, particularly those in the technology sectors. Their investment strategy typically involves structured debt and equity offerings, which allows them to support companies while managing risk.
The firm is known for its expertise in specific industries, and its team usually consists of experienced professionals with backgrounds in finance, technology, and entrepreneurship. This experience provides a strategic advantage when working with portfolio companies, helping them to achieve their growth objectives.
Overall, Trinity Capital is focused on building lasting partnerships with the companies it invests in, providing not just capital but also guidance and support to foster growth and innovation.

VHJpbml0eS BDYXBpdGFs IGlzIGEgY2 9tcGFueSB0 aGF0IGhlbH BzIG90aGVy IGJ1c2luZX NzZXMgZ3Jv dyBieSBnaX ZpbmcgdGhl bSBtb25leS wganVzdCBs aWtlIHdoZW 4geW91IGxl bmQgYSB0b3 kgdG8gYSBm cmllbmQgd2 hvIHdhbnRz IHRvIHBsYX kgd2l0aCBp dCB0byBoYX ZlIG1vcmUg ZnVuLiBCdX QgaW5zdGVh ZCBvZiB0b3 lzLCBUcmlu aXR5IENhcG l0YWwgd29y a3Mgd2l0aC Bjb21wYW5p ZXMgdGhhdC BuZWVkIG1v bmV5IHRvIG J1eSB0aGlu Z3MgbGlrZS BuZXcgZXF1 aXBtZW50IG 9yIHRvIHBh eSBmb3Igbm V3IHdvcmtl cnMuPGJyPk hlcmXigJlz IGhvdyB0aG V5IG1ha2Ug bW9uZXk6IF doZW4gdGhl eSBsZW5kIG 1vbmV5IHRv IGEgYnVzaW 5lc3MsIHRo YXQgYnVzaW 5lc3MgcGF5 cyBiYWNrIH RoZSBtb25l eSBwbHVzIG EgbGl0dGxl IGV4dHJhLC B3aGljaCBp cyBjYWxsZW QgaW50ZXJl c3QuIEl04o CZcyBsaWtl IGlmIHlvdS BsZW50IHlv dXIgZnJpZW 5kIGEgdG95 IGFuZCB0aG V5IGdhdmUg eW91IGEgY2 9va2llIGlu IHJldHVybi Bmb3IgYm9y cm93aW5nIG l0LiBUaGUg bW9yZSBidX NpbmVzc2Vz IHRoZXkgaG VscCBhbmQg dGhlIG1vcm UgbW9uZXkg dGhleSBsZW 5kIG91dCwg dGhlIG1vcm UgY29va2ll cyB0aGV5IG dldCE8YnI+ VHJpbml0eS BDYXBpdGFs IGlzIHN1Y2 Nlc3NmdWwg Zm9yIGEgZm V3IHJlYXNv bnMuIEZpcn N0LCB0aGV5 IGtub3cgaG 93IHRvIGNo b29zZSB0aG UgcmlnaHQg YnVzaW5lc3 NlcyB0byBs ZW5kIHRvLC BzbyB0aGV5 IGRvbuKAmX QgZW5kIHVw IGxvc2luZy Btb25leS4g VGhleSBtYW tlIGNhcmVm dWwgZGVjaX Npb25zIGFi b3V0IHdoby B0aGV5IGhl bHAuIFNlY2 9uZCwgbWFu eSBidXNpbm Vzc2VzIGFy ZSBhbHdheX MgbG9va2lu ZyBmb3IgbW 9uZXkgdG8g Z3Jvdywgd2 hpY2ggbWVh bnMgdGhlcm Ugd2lsbCBh bHdheXMgYm UgYSBuZWVk IGZvciBjb2 1wYW5pZXMg bGlrZSBUcm luaXR5IENh cGl0YWwuID xicj5JbiB0 aGUgZnV0dX JlLCBhcyBt b3JlIGNvbX BhbmllcyBz dGFydCB1cC BhbmQgbmVl ZCBtb25leS wgVHJpbml0 eSBDYXBpdG FsIHdpbGwg bGlrZWx5IG NvbnRpbnVl IHRvIGRvIH dlbGwgYmVj YXVzZSB0aG V5IHByb3Zp ZGUgYW4gaW 1wb3J0YW50 IHNlcnZpY2 UuIFBsdXMs IHRoZXkga2 VlcCBsZWFy bmluZyBhbm QgYWRhcHRp bmcgdG8gdG hlIG1hcmtl dCwgd2hpY2 ggaGVscHMg dGhlbSBzdG F5IGFoZWFk LiBBcyBsb2 5nIGFzIHRo ZXkga2VlcC BtYWtpbmcg c21hcnQgY2 hvaWNlcywg dGhleSBzaG 91bGQgc3Rh eSBzdWNjZX NzZnVsITxi cj4=

VHJpbml0eS BDYXBpdGFs IGlzIGEgdW 5pcXVlIGZp bmFuY2lhbC BzZXJ2aWNl cyBjb21wYW 55IHRoYXQg cHJpbWFyaW x5IGZvY3Vz ZXMgb24gcH JvdmlkaW5n IGRlYnQgYW 5kIGVxdWl0 eSBmaW5hbm NpbmcgdG8g Z3Jvd3RoLX N0YWdlIGNv bXBhbmllcy BpbiB0aGUg dGVjaG5vbG 9neSwgbGlm ZSBzY2llbm NlcywgYW5k IG90aGVyIG lubm92YXRp b2RyaXZlbi BzZWN0b3Jz LiBXaGF0IH NldHMgVHJp bml0eSBDYX BpdGFsIGFw YXJ0IGlzIG l0cyBjb21i aW5hdGlvbi BvZiB2ZW50 dXJlIGxlbm RpbmcgYW5k IGVxdWl0eS BpbnZlc3Rt ZW50LCB3aG ljaCBhbGxv d3MgdGhlbS B0byBzdXBw b3J0IGNvbX BhbmllcyB0 aHJvdWdoIG 11bHRpcGxl IHN0YWdlcy BvZiB0aGVp ciBncm93dG guPGJyPk9u ZSBub3RhYm xlIGFzcGVj dCBvZiB0aG UgY29tcGFu eSBpcyBpdH MgZW1waGFz aXMgb24gZm xleGlibGUg ZmluYW5jaW 5nIHNvbHV0 aW9ucyB0YW lsb3JlZCB0 byB0aGUgc3 BlY2lmaWMg bmVlZHMgb2 YgaXRzIGNs aWVudHMuIF RoaXMgYXBw cm9hY2ggZW 5hYmxlcyB0 aGVtIHRvIH Byb3ZpZGUg Y2FwaXRhbC BpbiBhIHdh eSB0aGF0IG FsaWducyB3 aXRoIHRoZS B1bmlxdWUg Y2hhbGxlbm dlcyBhbmQg b3Bwb3J0dW 5pdGllcyBm YWNlZCBieS BlYXJseSB0 byBtaWQtc3 RhZ2UgYnVz aW5lc3Nlcy 48YnI+QWRk aXRpb25hbG x5LCBUcmlu aXR5IENhcG l0YWzigJlz IHRlYW0gdH lwaWNhbGx5 IGhhcyBkZW VwIGluZHVz dHJ5IGV4cG VyaWVuY2Us IHdoaWNoIG hlbHBzIGlu IHVuZGVyc3 RhbmRpbmcg dGhlIG5lZW RzIG9mIGl0 cyBwb3J0Zm 9saW8gY29t cGFuaWVzIG FuZCBpbiBw cm92aWRpbm cgc3RyYXRl Z2ljIHN1cH BvcnQgYWxv bmdzaWRlIG ZpbmFuY2lh bCBiYWNraW 5nLiBUaGVp ciBmb2N1cy BvbiBpbm5v dmF0aW9uIH NlY3RvcnMg cGxhY2VzIH RoZW0gYXQg dGhlIGZvcm Vmcm9udCBv ZiBlbWVyZ2 luZyB0cmVu ZHMgaW4gdG VjaG5vbG9n eSBhbmQgbG lmZSBzY2ll bmNlcywgbW FraW5nIHRo ZW0gYSB2aX RhbCBwYXJ0 bmVyIGZvci Bjb21wYW5p ZXMgc2Vla2 luZyB0byBz Y2FsZS48Yn I+T3ZlcmFs bCwgVHJpbm l0eSBDYXBp dGFsIGlzIG Rpc3Rpbmd1 aXNoZWQgYn kgaXRzIHNw ZWNpYWxpem VkIGZpbmFu Y2luZyBhcH Byb2FjaCwg ZGVlcCBpbm R1c3RyeSBr bm93bGVkZ2 UsIGFuZCBj b21taXRtZW 50IHRvIHN1 cHBvcnRpbm cgdGhlIGdy b3d0aCBvZi Bpbm5vdmF0 aXZlIGNvbX Bhbmllcy48 YnI+

VHJpbml0eS BDYXBpdGFs IGlzIGEgYn VzaW5lc3Mg ZGV2ZWxvcG 1lbnQgY29t cGFueSB0aG F0IGZvY3Vz ZXMgb24gcH JvdmlkaW5n IGRlYnQgYW 5kIGVxdWl0 eSBmaW5hbm Npbmcgc29s dXRpb25zIH RvIGdyb3d0 aC1zdGFnZS Bjb21wYW5p ZXMsIHByaW 1hcmlseSBp biB0aGUgdG VjaG5vbG9n eSBzZWN0b3 IuIFRoZWly IGJ1c2luZX NzIG1vZGVs IHJldm9sdm VzIGFyb3Vu ZCBnZW5lcm F0aW5nIGlu Y29tZSB0aH JvdWdoIGlu dGVyZXN0IG 9uIGxvYW5z IGFuZCBlcX VpdHkgaW52 ZXN0bWVudH MsIGFzIHdl bGwgYXMgZm VlcyBhc3Nv Y2lhdGVkIH dpdGggdGhl aXIgZmluYW 5jaW5nIHNl cnZpY2VzLj xicj5Ucmlu aXR5IENhcG l0YWwgdHlw aWNhbGx5IG ludmVzdHMg aW4gY29tcG FuaWVzIHRo YXQgYXJlIG FscmVhZHkg Z2VuZXJhdG luZyByZXZl bnVlcyBidX QgbWF5IG5v dCB5ZXQgYm UgcHJvZml0 YWJsZSBvci BtYXkgbmVl ZCBhZGRpdG lvbmFsIGNh cGl0YWwgdG 8gc2NhbGUg dGhlaXIgb3 BlcmF0aW9u cy4gQnkgcH JvdmlkaW5n IHRoZXNlIG NvbXBhbmll cyB3aXRoIG dyb3d0aCBj YXBpdGFsLC BUcmluaXR5 IGFpbXMgdG 8gc3VwcG9y dCB0aGVpci BleHBhbnNp b24gd2hpbG UgYWxzbyBt YW5hZ2luZy ByaXNrIHRo cm91Z2ggdm FyaW91cyBm aW5hbmNpYW wgaW5zdHJ1 bWVudHMuPG JyPlRoZSBj b21wYW55IG 9mdGVuIGVt cGxveXMgYS Bjb21iaW5h dGlvbiBvZi BzZWN1cmVk IGFuZCB1bn NlY3VyZWQg ZGVidCwgbW V6emFuaW5l IGZpbmFuY2 luZywgYW5k IGVxdWl0eS Bjby1pbnZl c3RtZW50cy 4gVGhpcyBk aXZlcnNpZm llZCBhcHBy b2FjaCBhbG xvd3MgdGhl bSB0byBjcm VhdGUgYSBi YWxhbmNlZC BpbnZlc3Rt ZW50IHBvcn Rmb2xpbyB3 aGlsZSBtYX hpbWl6aW5n IHBvdGVudG lhbCByZXR1 cm5zLjxicj 5UcmluaXR5 IENhcGl0YW wgYWxzbyBz dHJhdGVnaW NhbGx5IGFs aWducyBpdH NlbGYgd2l0 aCB2ZW50dX JlIGNhcGl0 YWwgZmlybX MgYW5kIHBy aXZhdGUgZX F1aXR5IGlu dmVzdG9ycy B0byBzb3Vy Y2UgaGlnaC 1xdWFsaXR5 IGludmVzdG 1lbnQgb3Bw b3J0dW5pdG llcyBhbmQg ZW5oYW5jZS B0aGVpciBk ZWFsIGZsb3 cuIEFzIHBh cnQgb2YgdG hlaXIgbW9k ZWwsIHRoZX kgZW1waGFz aXplIGJ1aW xkaW5nIHN0 cm9uZyByZW xhdGlvbnNo aXBzIHdpdG ggdGhlIGNv bXBhbmllcy B0aGV5IGlu dmVzdCBpbi wgcHJvdmlk aW5nIG5vdC Bvbmx5IGZp bmFuY2lhbC BzdXBwb3J0 IGJ1dCBhbH NvIG9wZXJh dGlvbmFsIG luc2lnaHRz IGFuZCBndW lkYW5jZS48 YnI+T3Zlcm FsbCwgdGhl aXIgYnVzaW 5lc3MgbW9k ZWwgZm9jdX NlcyBvbiBs ZXZlcmFnaW 5nIGludmVz dG1lbnRzIH RoYXQgY2Fu IHlpZWxkIG hpZ2ggcmV0 dXJucyB3aG lsZSBtYW5h Z2luZyB0aG UgYXNzb2Np YXRlZCByaX NrcyB0aHJv dWdoIGEgZG l2ZXJzaWZp ZWQgYW5kIH N0cmF0ZWdp YyBpbnZlc3 RtZW50IGFw cHJvYWNoLj xicj4=

To assess whether AI poses a material threat to Trinity Capital’s products, services, or competitive positioning through substitution, disintermediation, or margin pressure, we can consider several factors.
1. Substitution: AI technologies can potentially substitute for certain financial services offered by firms like Trinity Capital,especially if they focus on data analysis, loan underwriting, or risk assessment. Automated systems and algorithms can perform these functions more quickly and sometimes more accurately than traditional processes. If competitors leverage AI effectively, they may offer more efficient or innovative products that could appeal to Trinity Capital’s customers, thus posing a substitution threat.
2. Disintermediation: AI could facilitate disintermediation in the financial services sector by enabling direct connections between lenders and borrowers, reducing the need for middlemen like Trinity Capital. Fintech platforms that utilize AI may disrupt traditional lending processes by providing peer-to-peer lending opportunities, real-time decisiomaking, and personalized financial products. Such developments could reduce Trinity Capital’s role in the market, necessitating a reevaluation of their business model and service offerings.
3. Margin Pressure: The adoption of AI can lead to increased competition as more players enter the market, driving costs down for customers. This increased competition can put pressure on profit margins for traditional firms. If Trinity Capital cannot match the efficiency and cost-effectiveness of AI-driven solutions, they may face challenges in maintaining their pricing structures and, consequently, their profitability.
In conclusion, AI does pose potential threats to Trinity Capital’s business model through substitution, disintermediation, and margin pressure. To mitigate these threats, the company would need to adapt by incorporating AI into its operations, enhancing its product offerings, and maintaining a competitive edge through innovation and customer service.

The sensitivity of Trinity Capital’s earnings, cash flow, and valuation to changes in interest rates can be substantial, as it typically is for companies in the financial services sector, particularly those involved in lending and investment activities.
1. Earnings: Higher interest rates can lead to increased borrowing costs for customers, potentially reducing demand for loans and impacting Trinity Capital’s interest income. Conversely, if the company has loans with variable interest rates, its earnings may improve due to higher rates on new loans. However, if the economic environment leads to higher default rates due to increased borrowing costs, earnings could suffer.
2. Cash Flow: Cash flow can be sensitive to interest rate changes, especially if the company’s borrowing costs increase. Higher rates may increase interest expenses on floating-rate debts, reducing overall cash flow. If the company can pass on increased costs to borrowers, cash flow may stabilize, but this depends on the competitive landscape and customer willingness to take on more expensive debt.
3. Valuation: Interest rates significantly influence a company’s valuation. Higher rates generally lead to lower present value calculations for future cash flows, which may result in a decrease in the company’s valuation multiple. Conversely, lower interest rates can enhance valuations as the discounted cash flow approach yields higher present values.
In summary, Trinity Capital’s financial metrics are likely to be affected by interest rate movements, with potential impacts on earnings through borrowing costs and demand, cash flow through interest expenses, and overall valuation based on discounted cash flow analyses. The overall impact will depend on the specifics of its balance sheet, the interest rate environment, and economic conditions.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgVH Jpbml0eSBD YXBpdGFs4o CZcyBlY29u b21pY3Mgb3 ZlciB0aGUg bmV4dCAz4o CTNSB5ZWFy cyBpcyBhIH NpZ25pZmlj YW50IGFuZC Bwcm9sb25n ZWQgZWNvbm 9taWMgZG93 bnR1cm4sIH BvdGVudGlh bGx5IHRyaW dnZXJlZCBi eSBhIGNvbW JpbmF0aW9u IG9mIGhpZ2 ggaW50ZXJl c3QgcmF0ZX MsIGluZmxh dGlvbiwgYW 5kIGEgc2xv d2Rvd24gaW 4gdGVjaG5v bG9neSBzZW N0b3IgZ3Jv d3RoIChhcy BUcmluaXR5 IENhcGl0YW wgcHJpbWFy aWx5IGZvY3 VzZXMgb24g ZnVuZGluZy B0ZWNobm9s b2d5IGFuZC Bpbm5vdmF0 aW9uIGNvbX Bhbmllcyku PGJyPkluIH RoaXMgc2Nl bmFyaW8sIH Jpc2luZyBp bnRlcmVzdC ByYXRlcyBj b3VsZCBsZW FkIHRvIGlu Y3JlYXNlZC Bib3Jyb3dp bmcgY29zdH MgZm9yIGJv dGggVHJpbm l0eSBDYXBp dGFsIGFuZC BpdHMgcG9y dGZvbGlvIG NvbXBhbmll cy4gQ29uc2 VxdWVudGx5 LCB0aGUgY2 9tcGFuaWVz IHRoYXQgVH Jpbml0eSBD YXBpdGFsIG hhcyBmaW5h bmNlZCBtaW dodCBzdHJ1 Z2dsZSB0by BtZWV0IHRo ZWlyIGRlYn Qgb2JsaWdh dGlvbnMgb3 IgZGVsYXkg Z3Jvd3RoIG luaXRpYXRp dmVzLCBsZW FkaW5nIHRv IGhpZ2hlci BkZWZhdWx0 IHJhdGVzIG 9uIGxvYW5z LiBUaGlzIG NvdWxkIHJl c3VsdCBpbi BzaWduaWZp Y2FudCBjcm VkaXQgbG9z c2VzIGZvci BUcmluaXR5 IENhcGl0YW wsIGFkdmVy c2VseSBhZm ZlY3Rpbmcg aXRzIHByb2 ZpdGFiaWxp dHkuPGJyPk FzIGVjb25v bWljIGNvbm RpdGlvbnMg d29yc2VuLC BUcmluaXR5 IENhcGl0YW wgbWF5IGZh Y2UgcmVkdW NlZCBkZW1h bmQgZm9yIG 5ldyBsb2Fu cywgbGVhZG luZyB0byBh IGRlY2xpbm UgaW4gaXRz IGxlbmRpbm cgdm9sdW1l LiBXaXRoIG Zld2VyIG5l dyBsb2Fucy wgdGhlIGNv bXBhbnkgd2 91bGQgc2Vl IGEgcmVkdW N0aW9uIGlu IGludGVyZX N0IGluY29t ZSwgaW1wYW N0aW5nIGl0 cyBtYXJnaW 5zLiBJZiB0 aGUgY29tcG FueSBzdGFy dHMgdG8gbG 93ZXIgaW50 ZXJlc3Qgcm F0ZXMgdG8g YXR0cmFjdC Bib3Jyb3dl cnMgb3Igb2 ZmZXIgbW9y ZSBmYXZvcm FibGUgdGVy bXMsIGl0cy BuZXQgaW50 ZXJlc3QgbW FyZ2luIGNv dWxkIGZ1cn RoZXIgc2hy aW5rLjxicj 5DYXNoIGZs b3cgd291bG QgYWxzbyBi ZSBhZHZlcn NlbHkgYWZm ZWN0ZWQuIF dpdGggcmVk dWNlZCBsb2 FuIGRlbWFu ZCBhbmQgaG lnaGVyIGRl ZmF1bHQgcm F0ZXMsIGNh c2ggaW5mbG 93cyBmcm9t IGludGVyZX N0IGFuZCBw cmluY2lwYW wgcmVwYXlt ZW50cyBjb3 VsZCBkZWNs aW5lIHNpZ2 5pZmljYW50 bHkuIFRoaX MgY2hhbmdl IGNvdWxkIG NyZWF0ZSBs aXF1aWRpdH kgaXNzdWVz LCBsZWFkaW 5nIFRyaW5p dHkgQ2FwaX RhbCB0byB0 YXAgaW50by ByZXNlcnZl cyBvciByZW R1Y2UgZGl2 aWRlbmQgcG F5b3V0cywg ZnVydGhlci BpbXBhY3Rp bmcgaW52ZX N0b3IgY29u ZmlkZW5jZS 48YnI+T24g dGhlIGJhbG FuY2Ugc2hl ZXQsIHJpc2 luZyBkZWZh dWx0cyBjb3 VsZCBpbmNy ZWFzZSBub3 BlcmZvcm1p bmcgYXNzZX RzLCBsZWFk aW5nIHRvIG Egc3Bpa2Ug aW4gcHJvdm lzaW9ucyBm b3IgY3JlZG l0IGxvc3Nl cy4gVGhpcy BhZGp1c3Rt ZW50IHdvdW xkIG5lZ2F0 aXZlbHkgaW 1wYWN0IHJl dGFpbmVkIG Vhcm5pbmdz IGFuZCBhZm ZlY3QgZXF1 aXR5LiBUaG Ugb3ZlcmFs bCBhc3NldC BxdWFsaXR5 IG9mIHRoZS BiYWxhbmNl IHNoZWV0IG 1heSBzaWdu aWZpY2FudG x5IGRldGVy aW9yYXRlLC BjYXVzaW5n IGEgcmVkdW N0aW9uIGlu IHRoZSBib2 9rIHZhbHVl IG9mIGVxdW l0eSwgd2hp Y2ggd291bG QgcHV0IHBy ZXNzdXJlIG 9uIHRoZSBj b21wYW554o CZcyBhYmls aXR5IHRvIH JhaXNlIGNh cGl0YWwgaW YgbmVlZGVk Ljxicj5Jbi BzdW1tYXJ5 LCBhIHByb2 xvbmdlZCBl Y29ub21pYy Bkb3dudHVy biBjaGFyYW N0ZXJpemVk IGJ5IGhpZ2 ggaW50ZXJl c3QgcmF0ZX MgYW5kIGEg c2xvd2Rvd2 4gaW4gdGhl IHRlY2hub2 xvZ3kgc2Vj dG9yIGNvdW xkIGxlYWQg dG8gZGVjcm Vhc2VkIG1h cmdpbnMgZH VlIHRvIGhp Z2hlciBjcm VkaXQgbG9z c2VzIGFuZC Bsb3dlciBp bnRlcmVzdC BpbmNvbWUs IG5lZ2F0aX ZlbHkgaW1w YWN0IGNhc2 ggZmxvdyB0 aHJvdWdoIH JlZHVjZWQg cmVwYXltZW 50cyBhbmQg aW50ZXJlc3 QgcmV2ZW51 ZXMsIGFuZC B1bHRpbWF0 ZWx5IHdlYW tlbiB0aGUg YmFsYW5jZS BzaGVldCBh cyBhc3NldC BxdWFsaXR5 IGRldGVyaW 9yYXRlcyBh bmQgcHJvdm lzaW9ucyBp bmNyZWFzZS 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 bG9nb3MvdE p2OTloU2NJ SzU2MGlOa0 9rb1gud2Vi cCIgYWx0PS JUcmluaXR5 IENhcGl0YW wiIHRpdGxl PSJUcmluaX R5IENhcGl0 YWwiICBjbG Fzcz0iaW1n LWZsdWlkIi BoZWlnaHQ9 NTAgd2lkdG g9NTAgbG9h ZGluZz0nbG F6eScgc3R5 bGU9J2Jvcm Rlci1yYWRp dXM6IDZweD snPgoKICAg ICAgICAgIC AgICAgICAg ICA8ZGl2IH N0eWxlPSdm bGV4OiAxOy B0ZXh0LWFs aWduOiBjZW 50ZXI7IG1h cmdpbi1sZW Z0OiA1cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPHAg c3R5bGU9J2 ZvbnQtc2l6 ZTogMjZweD sgY29sb3I6 ICMzMzM7IG 1hcmdpbi1i b3R0b206ID E1cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIPCf k4ggV2FudC B0byByZWFk IG1vcmUgYW JvdXQgVHJp bml0eSBDYX BpdGFsPwog 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 +TliBHZXQg aW5zaWdodH MgZnJvbSA8 aT4iVGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrcyI8L2 k+IG5vdyEK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9wPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog ICAgICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdtYX JnaW4tdG9w OiAxMnB4Oy Bmb250LXNp emU6IDEzcH g7IGNvbG9y OiAjNDQ0Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IG5vdyBhbm QgZ2V0IG91 ciBmcmVlIG VCb29rIAog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPGI+ VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr czwvYj4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IC0tPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 IS0tCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J21hcmdp bi10b3A6ID E2cHg7IGZv bnQtc2l6ZT ogMTRweDsg Y29sb3I6IC M0NDQ7IGZv bnQtZmFtaW x5OiAtYXBw bGUtc3lzdG VtLCBCbGlu a01hY1N5c3 RlbUZvbnQs IFNlZ29lIF VJLCBSb2Jv dG8sIEhlbH ZldGljYSBO ZXVlLCBzYW 5zLXNlcmlm OyBsaW5lLW hlaWdodDog MS42Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBIYX ZlIHlvdSBo ZWFyZCBhYm 91dCBvdXIg c2hvcnQgPH N0cm9uZyBz dHlsZT0nZm 9udC13ZWln aHQ6IDYwMD snPkRhaWx5 IFZpZGVvIE 5ld3NsZXR0 ZXI8L3N0cm 9uZz4/CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdodH RwczovL3d3 dy5pbnNpZ2 h0ZnVsdmFs dWUuY29tL2 5ld3NsZXR0 ZXIucGhwJy B0YXJnZXQ9 J19ibGFuay cgc3R5bGU9 J2NvbG9yOi AjMDA3QkZG OyB0ZXh0LW RlY29yYXRp b246IG5vbm U7IGZvbnQt d2VpZ2h0Oi A1MDA7IG1h cmdpbi1sZW Z0OiA2cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBGaW 5kIG91dCBt b3JlCiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8L2E+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgICAgICAg ICAtLT4KIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgCiAg ICAgICAgCi AgICAgICAg PHNwYW4gY2 xhc3M9J2Js dXJyZWQtdG V4dCc+CiAg ICAgICAgIC AgIFZISnBi bWwwZVMgQk RZWEJwZEdG cyBJR2x6SU dFZ2JtIDkw WVdKc1pTQn AgYm5abGMz UnRaVyA1ME lHWnBjbTBn IGRHaGhkQ0 JtYjIgTjFj MlZ6SUc5dS BJSEJ5YjNa cFpHIGx1Wn lCa1pXSjAg SUdGdVpDQm xjWCBWcGRI a2dabWx1IF lXNWphVzVu SUggUnZJR2 R5YjNkMCBh QzF6ZEdGbl pTIEJ6ZEdG eWRIVncgY3 lCaGJtUWdZ MiA5dGNHRn VhV1Z6IExD QndZWEowYV cgTjFiR0Z5 YkhrZyBhVz RnZEdobElI IFJsWTJodW IyeHYgWjNr Z1lXNWtJRy B4cFptVWdj Mk5wIFpXNW paWE1nYzIg VmpkRzl5Y3 k0ZyBTR1Z5 WlNCaGNtIF VnYzI5dFpT QnAgYm5SbG NtVnpkRyBs dVp5Qm1ZV0 4wIGN5QmhZ bTkxZEMgQj BhR1VnWTI5 dCBjR0Z1ZV RvOFluIEkr TVM0Z1JtOT EgYm1SbFpD QnBiaSBBeU 1EQTRMQ0JV IGNtbHVhWF I1SUUgTmhj R2wwWVd3Zy BhWE1nYUdW aFpIIEYxWV hKMFpYSmwg WkNCcGJpQl FhRyA5bGJt bDRMQ0JCIG NtbDZiMjVo TEMgQmhibV FnYVhRZyBh R0Z6SUdSbG RtIFZzYjNC bFpDQmggSU hOMGNtOXVa eSBCeVpYQj FkR0YwIGFX OXVJR2x1SU ggUm9aU0Iy Wlc1MCBkWE psSUd4bGJt IFJwYm1jZ2 MzQmggWTJV dVBHSnlQai BJdUlGUm9a U0JtIGFYSn RJSEJ5YVcg MWhjbWxzZV NCcCBiblps YzNSeklHIG x1SUdOdmJY QmggYm1sbG N5QjBhRyBG MElHRnlaU0 JpIFlXTnJa V1FnWW4ga2 dkbVZ1ZEhW eSBaU0JqWV hCcGRHIEZz TENCd2NtOT IgYVdScGJt Y2dkRyBobG JTQjNhWFJv IElHZHliM2 QwYUMgQmpZ WEJwZEdGcy BJSFJ2SUdG alkyIFZzWl hKaGRHVWcg ZEdobGFYSW daRyBWMlpX eHZjRzFsIG JuUWdkMmww YUcgOTFkQ0 JrYVd4MSBk R2x1WnlCbG NYIFZwZEhr dVBHSnkgUG pNdUlGUnlh VyA1cGRIa2 dRMkZ3IGFY UmhiQ0J6Y0 cgVmphV0Zz YVhwbCBjeU JwYmlCdlpt IFpsY21sdV p5QjIgWVhK cGIzVnpJRy BacGJtRnVZ MmxoIGJDQn djbTlrZFcg TjBjeXdnYV c1aiBiSFZr YVc1bklIIE 5sWTNWeVpX UWcgYkc5aG JuTXNJSCBC eVpXWmxjbk psIFpDQmxj WFZwZEgga3 NJR0Z1WkNC bCBjWFZwY0 cxbGJuIFFn Wm1sdVlXNW ogYVc1bkxD QmpZWCBSbG NtbHVaeUIw IGJ5QjBhR1 VnZFcgNXBj WFZsSUc1bC BaV1J6SUc5 bUlHIFZoWT JnZ1kyeHAg Wlc1MExqeG ljaiA0MExp QlVhR1VnIF kyOXRjR0Z1 ZVMgQm9ZWE 1nWVNCeiBk SEp2Ym1jZ1 ptIDlqZFhN Z2IyNGcgYV c1dWIzWmhk RyBsdmJpQm hibVFnIGRH VmphRzV2Yk cgOW5lU3dn ZDI5eSBhMm x1WnlCM2FY IFJvSUdOdm JYQmggYm1s bGN5QjBhRy BGMElHRnla U0JwIGJpQm haSFpoYm0g TmxaQ0J6ZE dGbiBaWE1n YjJZZ1pHIF YyWld4dmNH MWwgYm5Rc0 lHOW1kRyBW dUlHbHVJSF JvIFpXbHlJ Rk5sY20gbG xjeUJDSUc5 eSBJR3hoZE dWeUlHIFox Ym1ScGJtY2 cgY205MWJt UnpMaiB4aW NqNDFMaUJV IGNtbHVhWF I1SUUgTmhj R2wwWVd3Zy BhWE1nY0hW aWJHIGxqYk hrZ2RISmgg WkdWa0xDQj NhRyBsamFD QmhiR3h2IG QzTWdhWFFn ZEcgOGdiR1 YyWlhKaCBa MlVnYVc1em RHIGwwZFhS cGIyNWggYk NCcGJuWmxj MyBSdmNpQm pZWEJwIGRH RnNJSFJ2SU cgWjFibVFn YVhSeiBJR2 x1ZG1WemRH IDFsYm5Sek xDQncgY205 MmFXUnBibS BjZ1lTQjFi bWx4IGRXVW dZV1IyWVcg NTBZV2RsSU dOdiBiWEJo Y21Wa0lIIF J2SUhSeVlX UnAgZEdsdm JtRnNJSCBC eWFYWmhkR1 VnIFpYRjFh WFI1SUcgWn BjbTF6TGp4 aSBjajQyTG lCVWFHIFVn Wm1seWJTQn AgY3lCcmJt OTNiaSBCbW IzSWdhWFJ6 IElITjBjbT l1WnkgQnla V3hoZEdsdi Bibk5vYVhC eklIIGRwZE dnZ2JHVmgg WkdsdVp5Qj JaVyA1MGRY SmxJR05oIG NHbDBZV3dn Wm0gbHliWE 1zSUhkbyBh V05vSUdobG JIIEJ6SUds MElHbGsgWl c1MGFXWjVJ SCBCeWIyMX BjMmx1IFp5 QnBiblpsYz MgUnRaVzUw SUc5dyBjRz l5ZEhWdWFY IFJwWlhNdV BHSnkgUGpj dUlGUnlhVy A1cGRIa2dR MkZ3IGFYUm hiQ0JsYlgg Qm9ZWE5wZW 1WeiBJR0Vn WTI5c2JHIE ZpYjNKaGRH bDIgWlNCaG NIQnliMiBG amFDd2diMl owIFpXNGdk Mjl5YTIgbH VaeUJqYkc5 eiBaV3g1SU hkcGRHIGdn ZEdobElHMW ggYm1GblpX MWxibiBRZ2 RHVmhiWE1n IGIyWWdkR2 hsSUcgTnZi WEJoYm1sbC BjeUJwZENC bWFXIDVoYm 1ObGN5QjAg YnlCb1pXeH dJSCBSb1pX MGdZV05vIG FXVjJaU0Iw YUcgVnBjaU JpZFhOcCBi bVZ6Y3lCdl ltIHBsWTNS cGRtVnogTG p4aWNqNDRM aSBCVWFHVW dZMjl0IGNH RnVlU0JvWV ggTWdZU0Jr YVhabCBjbk 5sSUhCdmNu IFJtYjJ4cG J5QjAgYUdG MElITndZVy A1eklIWmhj bWx2IGRYTW dhVzVrZFgg TjBjbWxsY3 l3ZyBjMmh2 ZDJOaGMyIG x1WnlCcGRI TWcgWVdKcG JHbDBlUyBC MGJ5QmhaR0 Z3IGRDQjBi eUJrYVcgWm 1aWEpsYm5R ZyBiV0Z5YT JWMElHIE52 Ym1ScGRHbH YgYm5NZ1lX NWtJSCBSeV pXNWtjeTQ4 IFluSStPUz RnVkggSnBi bWwwZVNCRC BZWEJwZEdG c0lHIFp2WT NWelpYTWcg Ym05MElHOX ViSCBrZ2Iy NGdabWx1IF lXNWphV0Zz SUggSmxkSF Z5Ym5NZyBZ blYwSUdGc2 MyIDhnYjI0 Z2RHaGwgSU d4dmJtY3Rk RyBWeWJTQm 5jbTkzIGRH Z2djRzkwWl cgNTBhV0Zz SUc5bSBJR2 wwY3lCd2Iz IEowWm05c2 FXOGcgWTI5 dGNHRnVhVy BWekxDQmhh VzFwIGJtY2 dkRzhnWm0g OXpkR1Z5SU hOMSBjM1Jo YVc1aFltIH hsSUdSbGRt VnMgYjNCdF pXNTBMaiB4 aWNqNHhNQz RnIFZHaGxJ R1pwY20gMG dhWE1nWVdO MCBhWFpsYk hrZ2FXIDUy YjJ4MlpXUW cgYVc0Z2RH aGxJSCBOMF lYSjBkWEFn IFpXTnZjM2 x6ZEcgVnRJ R0Z1WkNCdi BablJsYmlC d1lYIEowYV dOcGNHRjAg WlhNZ2FXNG dhVyA1a2RY TjBjbmtnIF pYWmxiblJ6 TEMgQndZVz VsYkhNcyBJ R0Z1WkNCa2 FYIE5qZFhO emFXOXUgY3 lCMGJ5Qnpk RyBGNUlIVn dMWFJ2IExX UmhkR1VnZD IgbDBhQ0Js YldWeSBaMm x1WnlCMGNt IFZ1WkhNZ1 lXNWsgSUhS bFkyaHViMi B4dloybGxj eTRnIFBHSn lQbFJvWlgg TmxJR1poWT NSeiBJR2xz YkhWemRIIE poZEdVZ1ZI SnAgYm1sMG VTQkRZWCBC cGRHRnM0b0 NaIGN5Qnli MnhsSUcgRn pJR0VnYzJs biBibWxtYV dOaGJuIFFn Y0d4aGVXVn kgSUdsdUlI Um9aUyBCbm NtOTNkR2dn IFkyRndhWF JoYkMgQnNZ VzVrYzJOaC BjR1VzSUhO MWNIIEJ2Y2 5ScGJtY2cg YVc1dWIzWm hkRyBsMlpT QmpiMjF3IF lXNXBaWE1n ZEcgaHliM1 ZuYUNCMCBh R1ZwY2lCbG VIIEJoYm5O cGIyNGcgY0 doaGMyVnpM aiB4aWNqND 0KICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg