MunichRe

Live  

Munich Re is a reinsurance company founded in 1880 in Munich, Germany. It is one of the world's leading reinsurers, providing risk management solutions to insurance companies, corporate clients, and public sector entities. The company has a global presence with operations in over 50 countries and is considered one of the largest reinsurance groups in the world.
Munich Re's business involves assuming risks from its clients and providing financial protection in case of unexpected events such as natural disasters, accidents, and other insurance-related risks. The company's core business is reinsurance, but it also offers primary insurance for life and health insurance products.
Through innovative risk management solutions, Munich Re helps its clients mitigate financial risks and protects them from potential losses. The company also invests in research and development to advance its underwriting and risk management processes. It has a strong focus on sustainability, including initiatives to reduce its own carbon footprint and support renewable energy projects.
Munich Re is also committed to corporate social responsibility and supports various social and cultural initiatives, especially in the areas of education, science, and health. The company also has a strong employee engagement program that promotes diversity, equal opportunity, and work-life balance.
In addition to its reinsurance business, Munich Re also operates through its subsidiaries, including ERGO Group (primary insurance), Munich Health (health insurance), Hartford Steam Boiler (engineering insurance), and MEAG (asset management).
Overall, Munich Re has a strong reputation in the industry for its financial stability, risk management expertise, and commitment to corporate social responsibility.

TXVuaWNoIF JlIGlzIGEg YmlnIGNvbX BhbnkgdGhh dCBoZWxwcy BvdGhlciBj b21wYW5pZX MgcHJvdGVj dCB0aGVtc2 VsdmVzIGZy b20gbG9zaW 5nIG1vbmV5 LiBIZXJl4o CZcyBob3cg aXQgd29ya3 M6PGJyPklt YWdpbmUgeW 91IGhhdmUg YSBsZW1vbm FkZSBzdGFu ZC4gTGV04o CZcyBzYXkg b25lIGRheS wgYSBiaWcg c3Rvcm0gY2 9tZXMgYW5k IGtub2Nrcy BvdmVyIHlv dXIgc3Rhbm QsIG1ha2lu ZyB5b3UgbG 9zZSBhbGwg eW91ciBlYX JuaW5ncy4g Tm93LCB3b3 VsZG7igJl0 IGl0IGJlIG 5pY2UgaWYg c29tZW9uZS Bjb3VsZCBo ZWxwIHlvdS BwYXkgZm9y IGEgbmV3IH N0YW5kPyBU aGF04oCZcy BraW5kIG9m IHdoYXQgTX VuaWNoIFJl IGRvZXMsIG J1dCBvbiBh IG11Y2ggYm lnZ2VyIHNj YWxlLiBUaG V5IGFyZSBh IHR5cGUgb2 YgaW5zdXJh bmNlIGNvbX BhbnkgY2Fs bGVkIGEgcm VpbnN1cmVy LCB3aGljaC BtZWFucyB0 aGV5IGhlbH Agb3RoZXIg aW5zdXJhbm NlIGNvbXBh bmllcyBieS B0YWtpbmcg c29tZSBvZi B0aGUgcmlz a3MgZnJvbS B0aGVtLjxi cj5Ib3cgZG 9lcyBNdW5p Y2ggUmUgbW FrZSBtb25l eT8gV2VsbC wgdGhleSBj aGFyZ2UgdG hvc2UgaW5z dXJhbmNlIG NvbXBhbmll cyBtb25leS ByZWd1bGFy bHksIGNhbG xlZCBwcmVt aXVtcy4gVG hpcyBpcyBs aWtlIHBheW luZyBhIGZy aWVuZCBhIG xpdHRsZSBi aXQgb2YgeW 91ciBlYXJu aW5ncyBmb3 IgbGV0dGlu ZyB5b3UgYm 9ycm93IHNv bWUgb2YgdG hlaXIgbW9u ZXkgd2hlbi B5b3UgbmVl ZCBpdC4gSW YgdGhlcmUg YXJlIG5vIG JpZyBkaXNh c3RlcnMsIE 11bmljaCBS ZSBrZWVwcy BhIGxvdCBv ZiB0aGF0IG 1vbmV5IGFz IHByb2ZpdC 4gQnV0IGlm IHNvbWV0aG luZyBiaWcg aGFwcGVucy wgbGlrZSBh IG1ham9yIH N0b3JtIG9y IGVhcnRocX Vha2UsIHRo ZXkgaGVscC BwYXkgZm9y IHRoZSBsb3 NzZXMsIHdo aWNoIG1lYW 5zIHRoZXkg bmVlZCB0by BwbGFuIGNh cmVmdWxseS BhbmQgbWFr ZSBzbWFydC BjaG9pY2Vz IGFib3V0IG hvdyBtdWNo IG1vbmV5IH RvIHNldCBh c2lkZSBmb3 IgdGhlc2Ug ZXZlbnRzLj xicj5Ob3cs IHdoeSBpcy BNdW5pY2gg UmUgc3VjY2 Vzc2Z1bCBh bmQgbGlrZW x5IHRvIHN0 YXkgdGhhdC B3YXk/IEZp cnN0LCB0aG V5IGhhdmUg bG90cyBvZi BleHBlcmll bmNlIGJlY2 F1c2UgdGhl eSBoYXZlIG JlZW4gYXJv dW5kIGZvci BhIGxvbmcg dGltZS4gVG hleSB1bmRl cnN0YW5kIH Jpc2tzIHJl YWxseSB3ZW xsIGFuZCBo YXZlIGV4cG VydHMgd2hv IHByZWRpY3 QgdGhpbmdz IHRoYXQgY2 91bGQgaGFw cGVuIGluIH RoZSBmdXR1 cmUuIFRoaX MgaGVscHMg dGhlbSBtYW tlIGdvb2Qg ZGVjaXNpb2 5zIGFuZCBt YW5hZ2UgbW 9uZXkgd2lz ZWx5LiA8Yn I+QWxzbywg dGhlIHdvcm xkIGFsd2F5 cyBoYXMgcm lza3MsIGxp a2UgbmF0dX JhbCBkaXNh c3RlcnMsIG FjY2lkZW50 cywgYW5kIG hlYWx0aCBp c3N1ZXMuIE FzIGxvbmcg YXMgcGVvcG xlIHdhbnQg dG8gcHJvdG VjdCB0aGVt c2VsdmVzIG Zyb20gbG9z aW5nIG1vbm V5LCBjb21w YW5pZXMgbG lrZSBNdW5p Y2ggUmUgd2 lsbCBiZSBu ZWVkZWQsIG 1ha2luZyBp dCBsaWtlbH kgdGhhdCB0 aGV5IHdpbG wgY29udGlu dWUgdG8gZG 8gd2VsbCBp biB0aGUgZn V0dXJlITxi cj4=

TXVuaWNoUm UgaXMgb2Z0 ZW4gY29uc2 lkZXJlZCB0 byBiZSBvbm Ugb2YgdGhl IHdvcmxkJ3 MgbGVhZGlu ZyByZWluc3 VyYW5jZSBj b21wYW5pZX MsIHdpdGgg ZXh0ZW5zaX ZlIGdsb2Jh bCByZWFjaC BhbmQgYSBs b25nIGhpc3 Rvcnkgb2Yg c3VjY2Vzcy 4gU29tZSBv ZiB0aGUgdG hpbmdzIHRo YXQgbWFrZS B0aGUgY29t cGFueSBzdG FuZCBvdXQg aW5jbHVkZT o8YnI+MS4g TG9uZ2V2aX R5IGFuZCBz dGFiaWxpdH k6IE11bmlj aFJlIHdhcy Bmb3VuZGVk IGluIDE4OD AgYW5kIGhh cyBjb250aW 51b3VzbHkg b3BlcmF0ZW QgZm9yIG92 ZXIgMTQwIH llYXJzLiBU aGlzIGRlbW 9uc3RyYXRl cyB0aGUgY2 9tcGFueSdz IHN0YWJpbG l0eSBhbmQg YWJpbGl0eS B0byB3ZWF0 aGVyIGVjb2 5vbWljIGNo YWxsZW5nZX MuPGJyPjIu IFN0cm9uZy BmaW5hbmNp YWwgcG9zaX Rpb246IE11 bmljaFJlIG hhcyBjb25z aXN0ZW50bH kgbWFpbnRh aW5lZCBhIH N0cm9uZyBm aW5hbmNpYW wgcG9zaXRp b24sIHdpdG ggaGlnaCBj cmVkaXQgcm F0aW5ncyBm cm9tIG1ham 9yIGFnZW5j aWVzIGFuZC BhIHJlY29y ZCBvZiBwcm 9maXRhYmls aXR5LiBUaG lzIGdpdmVz IGN1c3RvbW VycyBjb25m aWRlbmNlIH RoYXQgdGhl IGNvbXBhbn kgY2FuIGZ1 bGZpbGwgaX RzIGZpbmFu Y2lhbCBvYm xpZ2F0aW9u cy48YnI+My 4gRGl2ZXJz ZSBwb3J0Zm 9saW86IE11 bmljaFJlIG hhcyBhIGRp dmVyc2UgcG 9ydGZvbGlv IG9mIGJ1c2 luZXNzLCBj b3ZlcmluZy B2YXJpb3Vz IHR5cGVzIG 9mIGluc3Vy YW5jZSBhbm QgcmVpbnN1 cmFuY2UuIF RoaXMgYWxs b3dzIHRoZS Bjb21wYW55 IHRvIHNwcm VhZCByaXNr IGFuZCByZW 1haW4gcmVz aWxpZW50IG luIHRoZSBm YWNlIG9mIG NoYW5naW5n IG1hcmtldC Bjb25kaXRp b25zLjxicj 40LiBJbm5v dmF0aW9uIG FuZCBleHBl cnRpc2U6IE 11bmljaFJl IGlzIGtub3 duIGZvciBp dHMgaW5ub3 ZhdGl2ZSBh cHByb2FjaC B0byByaXNr IG1hbmFnZW 1lbnQsIHVz aW5nIGFkdm FuY2VkIGRh dGEgYW5kIG FuYWx5dGlj cyB0ZWNobm lxdWVzIHRv IGlkZW50aW Z5IGVtZXJn aW5nIHJpc2 tzIGFuZCBk ZXZlbG9wIG 5ldyBwcm9k dWN0cy4gVG hlIGNvbXBh bnkncyBleH BlcmllbmNl ZCB0ZWFtIG 9mIGV4cGVy dHMgYWxzby Bwcm92aWRl cyB2YWx1YW JsZSBrbm93 bGVkZ2UgYW 5kIGluc2ln aHRzIHRvIG l0cyBjdXN0 b21lcnMuPG JyPjUuIEds b2JhbCBwcm VzZW5jZTog V2l0aCBvZm ZpY2VzIGlu IG92ZXIgNT AgY291bnRy aWVzLCBNdW 5pY2hSZSBo YXMgYSB0cn VseSBnbG9i YWwgcmVhY2 guIFRoaXMg YWxsb3dzIH RoZSBjb21w YW55IHRvIH VuZGVyc3Rh bmQgYW5kIG FkYXB0IHRv IGRpZmZlcm VudCBsb2Nh bCBtYXJrZX RzIGFuZCBw cm92aWRlIG N1c3RvbWl6 ZWQgc29sdX Rpb25zIHRv IGl0cyBjbG llbnRzLjxi cj42LiBDb3 Jwb3JhdGUg cmVzcG9uc2 liaWxpdHk6 IE11bmljaF JlIGlzIGNv bW1pdHRlZC B0byByZXNw b25zaWJsZS BidXNpbmVz cyBwcmFjdG ljZXMsIGlu Y2x1ZGluZy BzdXN0YWlu YWJsZSBpbn Zlc3RtZW50 cyBhbmQgYS Bmb2N1cyBv biBiZWluZy BhIHJlc3Bv bnNpYmxlIG NvcnBvcmF0 ZSBjaXRpem VuLiBUaGUg Y29tcGFueS BhbHNvIHN1 cHBvcnRzIH ZhcmlvdXMg c29jaWFsIG FuZCBlbnZp cm9ubWVudG FsIGluaXRp YXRpdmVzLg ==

TXVuaWNoUm UsIGFsc28g a25vd24gYX MgTXVuaWNo IFJlIEdyb3 VwLCBpcyBh IGdsb2JhbC ByZWluc3Vy YW5jZSBjb2 1wYW55IHRo YXQgcHJvdm lkZXMgcmlz ayBtYW5hZ2 VtZW50IGFu ZCBpbnN1cm FuY2Ugc29s dXRpb25zIH RvIGluZGl2 aWR1YWxzLC Bvcmdhbml6 YXRpb25zLC BhbmQgY29t cGFuaWVzLi BJdCBvcGVy YXRlcyB0aH JvdWdoIHR3 byBwcmltYX J5IHNlZ21l bnRzOiByZW luc3VyYW5j ZSBhbmQgcH JpbWFyeSBp bnN1cmFuY2 UuIDxicj5U aGUgY29tcG FueSdzIGJ1 c2luZXNzIG 1vZGVsIGlz IGJ1aWx0IG Fyb3VuZCBs ZXZlcmFnaW 5nIGl0cyBl eHBlcnRpc2 UgaW4gcmlz ayBhc3Nlc3 NtZW50LCBk aXZlcnNpZm ljYXRpb24s IGFuZCBmaW 5hbmNpYWwg c3RyZW5ndG ggdG8gb2Zm ZXIgaXRzIG NsaWVudHMg YSByYW5nZS BvZiBwcm9k dWN0cyBhbm Qgc2Vydmlj ZXMgdG8gbW l0aWdhdGUg dGhlaXIgcm lza3MgYW5k IHByb3RlY3 QgdGhlaXIg YXNzZXRzLi A8YnI+VGhl IHJlaW5zdX JhbmNlIHNl Z21lbnQgaW 52b2x2ZXMg cHJvdmlkaW 5nIGluc3Vy YW5jZSB0by BvdGhlciBp bnN1cmFuY2 UgY29tcGFu aWVzLCBoZW xwaW5nIHRo ZW0gdG8gc3 ByZWFkIHRo ZWlyIG93bi ByaXNrcyBh bmQgcmVkdW NlIHRoZWly IGV4cG9zdX JlIHRvIGNh dGFzdHJvcG hpYyBldmVu dHMuIFRoaX MgaW5jbHVk ZXMgb2ZmZX JpbmcgdHJh ZGl0aW9uYW wgcmVpbnN1 cmFuY2UgcH JvZHVjdHMg c3VjaCBhcy Bwcm9wZXJ0 eSwgY2FzdW FsdHksIGxp ZmUsIGFuZC BoZWFsdGgg cmVpbnN1cm FuY2UsIGFz IHdlbGwgYX MgbW9yZSBz cGVjaWFsaX plZCBzb2x1 dGlvbnMgc3 VjaCBhcyBj eWJlciByaX NrIGFuZCB3 ZWF0aGVyLX JlbGF0ZWQg aGVkZ2luZy BpbnN0cnVt ZW50cy4gPG JyPlRoZSBw cmltYXJ5IG luc3VyYW5j ZSBzZWdtZW 50IGludm9s dmVzIHNlbG xpbmcgdmFy aW91cyBpbn N1cmFuY2Ug cHJvZHVjdH MgZGlyZWN0 bHkgdG8gY3 VzdG9tZXJz LCBpbmNsdW RpbmcgbGlm ZSwgaGVhbH RoLCBhbmQg cHJvcGVydH kgYW5kIGNh c3VhbHR5IG luc3VyYW5j ZS4gVGhpcy BzZWdtZW50 IHByaW1hcm lseSBvcGVy YXRlcyBpbi B0aGUgR2Vy bWFuIG1hcm tldCwgYXMg d2VsbCBhcy BpbiBzZWxl Y3RlZCBpbn Rlcm5hdGlv bmFsIG1hcm tldHMuIDxi cj5NdW5pY2 hSZSdzIGJ1 c2luZXNzIG 1vZGVsIGFs c28gaW5jbH VkZXMgZGl2 ZXJzaWZ5aW 5nIGl0cyBy ZXZlbnVlIH N0cmVhbXMg dGhyb3VnaC BpbnZlc3Rt ZW50cyBpbi ByZWFsIGVz dGF0ZSwgcm VuZXdhYmxl IGVuZXJneS Bwcm9qZWN0 cywgYW5kIG 90aGVyIHBv cnRmb2xpby BpbnZlc3Rt ZW50cy4gVG hlIGNvbXBh bnkgYWxzby BoYXMgYSBz dHJvbmcgZm 9jdXMgb24g cmVzZWFyY2 ggYW5kIGRl dmVsb3BtZW 50LCB1c2lu ZyBkYXRhIG FuYWx5dGlj cyBhbmQgbm V3IHRlY2hu b2xvZ2llcy B0byBpbXBy b3ZlIGl0cy ByaXNrIG1h bmFnZW1lbn QgYW5kIHVu ZGVyd3JpdG luZyBwcm9j ZXNzZXMuID xicj5PdmVy YWxsLCBNdW 5pY2hSZSdz IGJ1c2luZX NzIG1vZGVs IHJldm9sdm VzIGFyb3Vu ZCBwcm92aW RpbmcgaW5u b3ZhdGl2ZS ByaXNrIHNv bHV0aW9ucy B0byBpdHMg Y2xpZW50cy BhbmQgbWFu YWdpbmcgaX RzIG93biBy aXNrIHBvcn Rmb2xpbyBl ZmZlY3Rpdm VseSB0byBn ZW5lcmF0ZS BzdGFibGUg cmV0dXJucy Bmb3IgaXRz IHNoYXJlaG 9sZGVycy4=

AI does pose potential threats to Munich Re’s products, services, and competitive positioning in several ways:
1. Substitution: AI technologies can enable the development of new insurance products or alternative risk management solutions that could substitute traditional offerings. For instance, peer-to-peer insurance models and blockchain technologies could provide decentralized insurance solutions that compete with conventional products.
2. Disintermediation: AI can streamline processes and enhance customer interactions, potentially reducing the need for intermediary agents and brokers. If customers can obtain quotes, purchase policies, and file claims entirely through digital platforms powered by AI, traditional intermediaries may face reduced relevance.
3. Margin Pressure: The integration of AI can lead to increased efficiency and lower operational costs for insurers. This may result in heightened competition, as companies leveraging AI optimize their pricing and services to attract customers. Consequently, this competition could place margin pressure on companies that do not adopt these technologies as swiftly or effectively.
In summary, while AI presents opportunities for enhancing efficiency and innovation in the insurance sector, it simultaneously poses challenges to traditional business models, competitive dynamics, and profit margins for companies like Munich Re. The organization may need to invest in AI and adapt its strategies to mitigate these threats and remain competitive.

Munich Re, like many insurance companies, has its earnings, cash flows, and valuation significantly influenced by changes in interest rates due to several factors:
1. Investment Income: Insurance companies typically invest premiums collected from policyholders in various fixed-income securities. When interest rates rise, new bonds yield higher returns, which can enhance investment income. Conversely, when rates fall, existing bonds may yield less, potentially lowering overall investment income.
2. Discount Rates: The valuation of insurance liabilities is impacted by the discount rates used to calculate the present value of future cash flows. Higher interest rates lead to higher discount rates, which decrease the present value of liabilities. This can improve the company’s profitability on a balance sheet basis but can also impact regulatory capital requirements.
3. Policyholder Behavior: Interest rates can influence policyholder behavior, impacting lapses and surrenders. Higher interest rates on savings or investment products can lead to increased policy lapses if customers seek better alternatives elsewhere.
4. Reinsurance Pricing: Changes in interest rates can also affect the pricing of reinsurance and the overall competitive landscape. Insurers may adjust their reserves and pricing strategies based on expected returns on their invested assets.
5. Economic Environment: Interest rate movements can correlate with the broader economic environment, affecting claims trends and underwriting performance. For example, a rising interest rate environment may signal a growing economy, potentially leading to more business but also possibly resulting in increased claims related to economic cycles.
Overall, while rising interest rates can provide some benefits to Munich Re in terms of investment returns and lower liability valuations, they may also increase volatility and affect the competitive landscape. The net effect on earnings and cash flows is multifaceted and depends on the magnitude and pace of interest rate changes.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgTX VuaWNoIFJl 4oCZcyBlY2 9ub21pY3Mg b3ZlciB0aG UgbmV4dCAz LTUgeWVhcn MgaXMgYSBz aWduaWZpY2 FudCBhbmQg cHJvbG9uZ2 VkIGluY3Jl YXNlIGluIG V4dHJlbWUg d2VhdGhlci BldmVudHMg ZHJpdmVuIG J5IGNsaW1h dGUgY2hhbm dlLiBUaGlz IGNvdWxkIG 1hbmlmZXN0 IHRocm91Z2 ggYSBzZXJp ZXMgb2YgbW Fqb3IgbmF0 dXJhbCBkaX Nhc3RlcnMs IHN1Y2ggYX MgaHVycmlj YW5lcywgZm xvb2RzLCB3 aWxkZmlyZX MsIGFuZCBk cm91Z2h0cy wgbGVhZGlu ZyB0byByZW NvcmQgbG9z c2VzIGluIH RoZSBpbnN1 cmFuY2UgYW 5kIHJlaW5z dXJhbmNlIH NlY3RvcnMu IDxicj5Bcy BhIG1ham9y IHJlaW5zdX JlciwgTXVu aWNoIFJlIG lzIGhlYXZp bHkgZXhwb3 NlZCB0byB1 bmRlcndyaX Rpbmcgcmlz a3MgYXNzb2 NpYXRlZCB3 aXRoIG5hdH VyYWwgY2F0 YXN0cm9waG VzLiBJZiBj bGltYXRlIG 1vZGVscyBw cm92ZSBjb2 5zZXJ2YXRp dmUgYW5kIH RoZSBmcmVx dWVuY3kgYW 5kIHNldmVy aXR5IG9mIH N1Y2ggZXZl bnRzIGVzY2 FsYXRlLCB0 aGUgY29tcG FueSBjb3Vs ZCBmYWNlIH Vuc3VzdGFp bmFibGUgY2 xhaW1zIGxl dmVscy4gVG hlIHBvdGVu dGlhbCBpbm NyZWFzZSBp biBjbGFpbX MgY291bGQg b3V0cGFjZS BwcmVtaXVt IGluY29tZS wgbGVhZGlu ZyB0byB1bm RlcndyaXRp bmcgbG9zc2 VzLiA8YnI+ SW4gdGVybX Mgb2YgbWFy Z2lucywgdG hlIHVuZGVy d3JpdGluZy Bwcm9maXQg bWFyZ2lucy Bjb3VsZCBk aW1pbmlzaC BzaWduaWZp Y2FudGx5Li BIaXN0b3Jp Y2FsbHksIH JlaW5zdXJl cnMgb3Blcm F0ZSBvbiBy ZWxhdGl2ZW x5IHRoaW4g bWFyZ2lucy wgYW5kIHN1 c3RhaW5lZC BoaWdoIGxv c3MgcmF0aW 9zIHdvdWxk IGxpa2VseS ByZXN1bHQg aW4gYSBzaG lmdCBmcm9t IHByb2ZpdG FibGUgdW5k ZXJ3cml0aW 5nIHRvIG9w ZXJhdGlvbm FsIGxvc3Nl cy4gSWYgY2 xhaW0gcGF5 b3V0cyBjb2 5zaXN0ZW50 bHkgZXhjZW VkIHByZW1p dW1zIGNvbG xlY3RlZCwg dGhlIGNvbW JpbmVkIHJh dGlvIGNvdW xkIHdvcnNl biBzaWduaW ZpY2FudGx5 LCBwb3Rlbn RpYWxseSBt b3Zpbmcgd2 VsbCBhYm92 ZSB0aGUgY3 JpdGljYWwg MTAwJSB0aH Jlc2hvbGQu PGJyPlJlZ2 FyZGluZyBj YXNoIGZsb3 csIHRoZSBp bmNyZWFzZW QgZnJlcXVl bmN5IG9mIG NsYWltcyBj b3VsZCBsZW FkIHRvIGEg aGFtcGVyZW QgY2FzaCBm bG93IHNpdH VhdGlvbi4g Q2FwaXRhbC ByZXNlcnZl cyB3b3VsZC BiZSBkZXBs ZXRlZCBtb3 JlIHJhcGlk bHkgZHVlIH RvIGxhcmdl IHBheW91dH MsIGNyZWF0 aW5nIGEgc2 l0dWF0aW9u IHdoZXJlIE 11bmljaCBS ZSBtYXkgbm VlZCB0byBy YWlzZSBhZG RpdGlvbmFs IGNhcGl0YW wgdGhyb3Vn aCBkZWJ0IG lzc3VhbmNl IG9yIGJ5IG RpcHBpbmcg aW50byBlcX VpdHkgcmVz ZXJ2ZXMuIF RoaXMgY291 bGQgc3RyYW luIGxpcXVp ZGl0eSBhbm QgZm9yY2Ug dGhlIGNvbX BhbnkgaW50 byBhIG1vcm UgY29uc2Vy dmF0aXZlIG ludmVzdG1l bnQgcG9zdH VyZSwgbGVh ZGluZyB0by Bsb3dlciBp bmNvbWUgZn JvbSBpbnZl c3RtZW50cy wgcGFydGlj dWxhcmx5IG lmIGludGVy ZXN0IHJhdG VzIHJlbWFp biBsb3cgYW 5kIHJlZHVj ZSBpbnZlc3 RtZW50IHJl dHVybnMuPG JyPk9uIHRo ZSBiYWxhbm NlIHNoZWV0 LCBzdXN0YW luZWQgbG9z c2VzIHdvdW xkIGxlYWQg dG8gYSByZW R1Y3Rpb24g aW4gcHJvZm l0YWJpbGl0 eSwgaW1wYW N0aW5nIHJl dGFpbmVkIG Vhcm5pbmdz LiBUaGlzLC BhbG9uZyB3 aXRoIHBvdG VudGlhbCBp bmNyZWFzZW QgbGV2ZXJh Z2UgaWYgdG hlIGNvbXBh bnkgcmVzb3 J0cyB0byBk ZWJ0IGlzc3 VhbmNlIGZv ciBjbGFpbW luZyBjYXBh Y2l0eSwgd2 91bGQgYWx0 ZXIgdGhlIG ZpbmFuY2lh bCBsZXZlcm FnZSByYXRp b3MuIE11bm ljaCBSZeKA mXMgc29sdm VuY3kgcmF0 aW9zIGNvdW xkIGFsc28g YmUgbmVnYX RpdmVseSBh ZmZlY3RlZC wgYXMgdGhl aXIgY2FwaX RhbCBhZGVx dWFjeSBtaW dodCBiZSBx dWVzdGlvbm VkIGJ5IHJl Z3VsYXRvcn MgYW5kIGlu dmVzdG9ycy BpZiBsb3Nz IHByb2plY3 Rpb25zIHJl bWFpbiBncm ltIG92ZXIg dGhlIGxvbm cgdGVybS48 YnI+RnVydG hlcm1vcmUs IHRoZSByZX B1dGF0aW9u YWwgZGFtYW dlIGZyb20g YmVpbmcgdW 5hYmxlIHRv IG1lZXQgb2 JsaWdhdGlv bnMgb3IgbW FuYWdpbmcg cmlza3MgZW ZmZWN0aXZl bHkgY291bG QgbGVhZCB0 byByZWR1Y2 VkIGJ1c2lu ZXNzIGZyb2 0gcHJpbWFy eSBpbnN1cm VycyBzZWVr aW5nIHJlaW 5zdXJhbmNl IGNvdmVyYW dlLCByZXN1 bHRpbmcgaW 4gYSBsb25n LXRlcm0gZX Jvc2lvbiBv ZiBtYXJrZX QgcG9zaXRp b24gYW5kIG luZmx1ZW5j ZS48YnI+SW 4gc3VtbWFy eSwgaWYgc3 VjaCBhIHNj ZW5hcmlvIH dlcmUgdG8g dW5mb2xkLC BNdW5pY2gg UmUgd291bG QgZmFjZSBk ZXRlcmlvcm F0aW5nIG1h cmdpbnMgZH VlIHRvIGhp Z2ggbG9zcy ByYXRpb3Ms IHdlYWtlbm VkIGNhc2gg ZmxvdyBkdW UgdG8gZXNj YWxhdGluZy BjbGFpbXMs IGFuZCBhIH BvdGVudGlh bGx5IHN0cm Vzc2VkIGJh bGFuY2Ugc2 hlZXQgY2hh cmFjdGVyaX plZCBieSBo aWdoZXIgbG V2ZXJhZ2Ug YW5kIHJlZH VjZWQgY2Fw aXRhbCBhZG VxdWFjeS4g VGhpcyBjb2 1iaW5hdGlv biBjb3VsZC B1bmRlcm1p bmUgdGhlIG NvbXBhbnni gJlzIGxvbm ctdGVybSB2 aWFiaWxpdH kgYW5kIG1h cmtldCBjb2 1wZXRpdGl2 ZW5lc3MgaW 4gdGhlIHJl aW5zdXJhbm NlIGxhbmRz Y2FwZS48Yn I+

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 bG9nb3MveW ZmZEwxdXVS Ym9MUEQ4Q1 lkWlcud2Vi cCIgYWx0PS JNdW5pY2hS ZSIgdGl0bG U9Ik11bmlj aFJlIiAgY2 xhc3M9Imlt Zy1mbHVpZC IgaGVpZ2h0 PTUwIHdpZH RoPTUwIGxv YWRpbmc9J2 xhenknIHN0 eWxlPSdib3 JkZXItcmFk aXVzOiA2cH g7Jz4KCiAg ICAgICAgIC AgICAgICAg ICAgPGRpdi BzdHlsZT0n ZmxleDogMT sgdGV4dC1h bGlnbjogY2 VudGVyOyBt YXJnaW4tbG VmdDogNXB4 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dmb250LXNp emU6IDI2cH g7IGNvbG9y OiAjMzMzOy BtYXJnaW4t Ym90dG9tOi AxNXB4Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICDw n5OIIFdhbn QgdG8gcmVh ZCBtb3JlIG Fib3V0IE11 bmljaFJlPw 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+TnSBKb2 luIHVzIGFu ZCBncmFiIH lvdXIgY29w eSBvZiA8aT 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 VFhWdWFXIE 5vVW1VZ2FY TWcgYjI1bE lHOW1JSCBS b1pTQjNiM0 pzIFpPS0Ft WE1nYkcgVm haR2x1WnlC eSBaV2x1Yz NWeVlXIDVq WlNCamIyMX cgWVc1cFpY TXNJSCBCeW IzWnBaR2x1 IFp5QnlhWE 5ySUcgMWhi bUZuWlcxbC BiblFnWVc1 a0lHIGx1Yz NWeVlXNWog WlNCemIyeD FkRyBsdmJu TWdkRzhnIF kyeHBaVzUw Y3kgQnBiaU J2ZG1WeSBJ REUyTUNCam IzIFZ1ZEhK cFpYTXUgUE dKeVBqSXVJ RiBSb1pTQm piMjF3IFlX NTVJSGRoY3 kgQm1iM1Z1 WkdWayBJR2 x1SURFNE9E IEFnWW5rZ1 EyRnkgYkNC VWFHbGxiVy BVZ1lXNWtJ RUZzIFpuSm xaQ0IyYjIg NGdVMk5vZF dOciBaWEow SUdsdUlFID ExYm1samFD d2cgUjJWeW JXRnVlUyBC aGN5RGlnSn hOIHc3eHVZ MmhsYm0gVn lJRkxEdkdO ciBkbVZ5Yz JsamFHIFZ5 ZFc1bmN5MU ggWlhObGJH eHpZMiBoaF puVGlnSjB1 IElGUnZaR0 Y1TEMgQjBh R1VnWTI5dC BjR0Z1ZVNC cGN5IEJyYm 05M2JpQmgg Y3lCTmRXNX BZMiBoU1pT NDhZbkkrIE 15NGdUWFZ1 YVcgTm9VbV VnZDJGeiBJ SFJvWlNCbW FYIEp6ZENC eVpXbHUgYz NWeVlXNWpa UyBCamIyMX dZVzU1IElH bHVJSFJvWl MgQjNiM0pz WkNCMCBieU J2Wm1abGNp IEJqYkdsbG JuUnogSUdO dmRtVnlZVy BkbElHRm5Z V2x1IGMzUW dibUYwZFgg SmhiQ0JqWV hSaCBjM1J5 YjNCb1pYIE 1zSUhOMFlY SjAgYVc1bk lIZHBkRyBn Z1pXRnlkR2 h4IGRXRnJa U0JwYm4gTj FjbUZ1WTJV ZyBhVzRnTV RnNE1DIDQ4 WW5JK05DNG cgVkdobElH TnZiWCBCaG Jua2dhR0Z6 IElHRWdiRz l1WnkgQm9h WE4wYjNKNS BJRzltSUds dWJtIDkyWV hScGIyNHMg SUdsdVkyeD FaRyBsdVp5 QmlaV2x1IF p5QjBhR1Vn Wm0gbHljM1 FnZEc4ZyBi MlptWlhJZ1 lYIFpwWVhS cGIyNGcgY2 1WcGJuTjFj bSBGdVkyVW dZVzVrIElH UmxkbVZzYj MgQnBibWNn ZEdobCBJR0 52Ym1ObGNI IFFnYjJZZ2 JtOXUgTFhC eWIzQnZjbi BScGIyNWhi Q0J5IFpXbH VjM1Z5WVcg NWpaUzQ4WW 5JKyBOUzRn VFhWdWFXIE 5vVW1VZ2FY TWcgZEdobE lITmxZMiA5 dVpDQnNZWE puIFpYTjBJ SEpsYVcgNX pkWEpoYm1O bCBJR052Yl hCaGJuIGtn YVc0Z2RHaG wgSUhkdmNt eGtJRyBKNU lHNWxkQ0J3 IGNtVnRhWF Z0Y3kgQjNj bWwwZEdWdS BMQ0JpWldo cGJtIFFnYj I1c2VTQlQg ZDJsemN5Ql NaUyA0OFlu SStOaTRnIF ZHaGxJR052 YlggQmhibm tnYUdGeiBJ R0VnWkdsMl pYIEp6WlNC d2IzSjAgWm 05c2FXOGdi MiBZZ2NISn ZaSFZqIGRI TXNJR052ZG 0gVnlhVzVu SUdWMiBaWE o1ZEdocGJt IGNnWm5Kdm JTQncgY205 d1pYSjBlUy BCaGJtUWdZ MkZ6IGRXRn NkSGtnYVcg NXpkWEpoYm 1ObCBJSFJ2 SUd4cFptIF VnWVc1a0lH aGwgWVd4MG FDQnBibiBO MWNtRnVZMl V1IFBHSnlQ amN1SUUgMT FibWxqYUZK bCBJR2hoY3 lCd2JHIEY1 WldRZ1lTQn IgWlhrZ2Nt OXNaUyBCcG JpQnphR0Z3 IGFXNW5JSF JvWlMgQm5i RzlpWVd3Zy BjbVZwYm5O MWNtIEZ1WT JVZ2FXNWsg ZFhOMGNua3 VJRSBsdUlE RTVOVFlzIE lIUm9aU0Jq YjIgMXdZVz U1SUdobCBi SEJsWkNCbG MzIFJoWW14 cGMyZ2cgZE dobElPS0Fu RSAxMWJtbG phQ0J0IGIy UmxiT0tBbl Mgd2dZU0J6 ZEdGdSBaR0 Z5WkdsNlpX IFFnYldWMG FHOWsgSUda dmNpQndjbS BsamFXNW5J SEpsIGFXNX pkWEpoYm0g TmxJR052Ym 5SeSBZV04w Y3k0OFluIE krT0M0Z1ZH aGwgSUdOdm JYQmhibiBr Z2FHRnpJR0 VnIGMzUnli MjVuSUcgZH NiMkpoYkNC dyBjbVZ6Wl c1alpTIHdn ZDJsMGFDQn YgWm1acFky VnpJRyBsdU lHMWhhbTl5 IElHTnBkR2 xsY3kgQmhj bTkxYm1RZy BkR2hsSUhk dmNtIHhrTE NCcGJtTnMg ZFdScGJtY2 dUbSBWM0lG bHZjbXNzIE lFeHZibVJ2 Ymkgd2dZVz VrSUZSdiBh M2x2TGp4aW NqIDQ1TGlC RVpYTncgYV hSbElHSmxh VyA1bklHRW dSMlZ5IGJX RnVJR052Yl ggQmhibmtz SUUxMSBibW xqYUZKbElH IGRsYm1WeV lYUmwgY3lC MGFHVWdiVy BGcWIzSnBk SGtnIGIyWW dhWFJ6SUgg SmxkbVZ1ZF dVZyBabkp2 YlNCdmRYIF J6YVdSbElH OW0gSUVkbG NtMWhibiBr dUlFbHVJRE l3IE1Ua3NJ Rzl1Ykgga2 dORFFsSUc5 bSBJR2wwY3 lCeVpYIFps Ym5WbElHTm ggYldVZ1pu SnZiUyBCSF pYSnRZVzU1 IExqeGljaj R4TUMgNGdU WFZ1YVdOby BVbVVnYVhN Z1kyIDl0Yl dsMGRHVmsg SUhSdklITj FjMyBSaGFX NWhZbWxzIG FYUjVJR0Z1 WkMgQm9ZWE 1nYzJWMCBJ R2R2WVd4ek lIIFJ2SUhK bFpIVmogWl NCcGRITWdZ MiBGeVltOX VJR1p2IGIz UndjbWx1ZE MgQmhibVFn YVc1aiBjbV ZoYzJVZ2FY IFJ6SUdsdW RtVnogZEcx bGJuUnpJRy BsdUlISmxi bVYzIFlXSn NaU0JsYm0g VnlaM2tnY0 hKdiBhbVZq ZEhNdUlFIG x1SURJd01U a3MgSUhSb1 pTQmpiMiAx d1lXNTVJSG RoIGN5Qnla V052WjIgNX BlbVZrSUdG eiBJSFJvWl NCdGIzIE4w SUhOMWMzUm ggYVc1aFlt eGxJSCBKbG FXNXpkWEpo IGJtTmxJR0 52YlggQmhi bmtnYVc0Zy BkR2hsSUhk dmNtIHhrSU dKNUlIUm8g WlNCRWIzY2 dTbSA5dVpY TWdVM1Z6IG RHRnBibUZp YVcgeHBkSG tnU1c1ayBa WGd1UEdKeV BqIEV4TGlC VWFHVWcgWT I5dGNHRnVl UyBCb1lYTW dZU0JzIGIy NW5JR2hwYz MgUnZjbmtn YjJZZyBjR2 hwYkdGdWRH IGh5YjNCNU lHRnUgWkNC emIyTnBZVy B3Z2NtVnpj Rzl1IGMybG lhV3hwZEgg a3VJRWx1SU RJdyBNRFVz SUUxMWJtIG xqYUZKbElH VnogZEdGaW JHbHphRyBW a0lIUm9aU0 JOIGRXNXBZ MmdnUTIgeH BiV0YwWlNC SiBibk4xY2 1GdVkyIFVn U1c1cGRHbG ggZEdsMlpT d2dkMiBocF kyZ2djSEp2 IGRtbGtaWE 1nYVcgNXpk WEpoYm1ObC BJSE52YkhW MGFXIDl1Y3 lCMGJ5QjIg ZFd4dVpYSm hZbSB4bElI QnZjSFZzIF lYUnBiMjV6 SUcgbHVJR1 JsZG1WcyBi M0JwYm1jZ1 kyIDkxYm5S eWFXVnogSU hSdklHaGxi SCBBZ2RHaG xiU0JqIGIz QmxJSGRwZE cgZ2dkR2hs SUdsdCBjR0 ZqZEhNZ2Iy IFlnWTJ4cG JXRjAgWlNC amFHRnVaMi BVdVBHSnlQ akV5IExpQk 5kVzVwWTIg aFNaU0JwY3 lCaCBiSE52 SUd0dWIzIG R1SUdadmNp QnAgZEhNZ2 NtbHpheSBC eVpYTmxZWE pqIGFDQmhi bVFnY0ggVm liR2xqWVhS cCBiMjV6TG lCVWFHIFVn WTI5dGNHRn UgZWVLQW1Y TWdZVyA1dW RXRnNJSEIx IFlteHBZMk YwYVcgOXVM Q0RpZ0p4VS BiM0JwWTNN Z1IyIFZ2NG 9DZExDQncg Y205MmFXUm xjeSBCcGJp MWtaWEIwIG FDQmhibUZz ZVggTnBjeU JoYm1RZyBh VzV6YVdkb2 RIIE1nYjI0 Z2JtRjAgZF hKaGJDQmpZ WCBSaGMzUn liM0JvIFpY TWdZVzVrSU ggUm9aV2x5 SUdsdCBjR0 ZqZENCdmJp IEIwYUdVZ2 FXNXogZFhK aGJtTmxJRy BsdVpIVnpk SEo1IExnPT 0KICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg