Description
Shutterstock is an underfollowed stock with a new management team and a renewed focus on profit. The company has installed a new CEO, CFO, Chief Product Officer and Chief Revenue Officer. In the most recent quarter, Shutterstock overdelivered on EBITDA margin, increasing from 14% to 23% quarter-over-quarter. Yet the stock trades at just 10x 2021 EBITDA. Because only three sell-side analysts cover the stock, investors have not appreciated management’s commitment to multi-year margin expansion and quarterly cash dividends. This is about to change. Four new sell-side analysts will initiate coverage soon as their firms underwrote an equity offering in early August. At its current share price of $50, I believe Shutterstock offers an asymmetric payoff profile of at least 4:1, with $45 in a downside scenario (10x lower 2021 EBITDA) and $70 in an upside scenario (15x higher 2021 EBITDA).
Company background
Shutterstock is one of the largest marketplaces for high-quality licensed photographs, videos and music. Founded in 2003 by its current chairman Jon Oringer, Shutterstock maintains a library of more than 340 million images and more than 19 million footage clips available to businesses, marketing agencies and media organizations. The use cases for stock content include social media, websites, digital and display advertising, email marketing and print collaterals. Customer sales are made through e-commerce (via self-service web properties) and enterprise channels. The competitors are Getty Images, Adobe and a long tail of smaller vendors. Shutterstock’s competitive advantages include network effect and superior search capabilities from having the largest library of stock content; flexible and low-cost pricing; and trusted brand for licensed, high-quality stock content. Shutterstock is headquartered in New York City and has been publicly traded since 2012. The company has generated positive cash flow every year since its IPO. The Board initiated a quarterly cash dividend of $0.17/share in Q1 2020.
Why the stock has been rangebound
Since 2015, the stock price has fluctuated between low $30 and mid $50. I believe the main reasons are:
· Decelerating revenue growth and declining margin: Since 2015, revenue growth has decelerated from 30% to 4% in 2019. Over the same period, the EBITDA margin deteriorated from 20% to 15% as the prior management team failed to optimize the cost structure for slower growth (see Chart 1). The reasons for decelerating revenue growth are: a) a maturing market for stock photos; b) the entry of Adobe following the acquisition of Fotolia in 2014; c) freemium competitors taking share in the low end of the market; d) poor internal execution, especially in the enterprise segment (see Chart 2). Prior management did not anticipate the transition to slower growth. As a result, the company had a track record of missing guidance.
Chart 1: Revenue Growth and EBITDA Margin
![](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAeAAAAEgCAYAAABsPKAhAAAgAElEQVR4Aex9BXRc2ZlmZndmZ/bMJJtkNieZye5kKDMT6GSTTDKBJpNkZug2293tNtttdreZmZmZmcXMsliyyJLFzIzfnu8vVbkkU8ltyarSf88p14P77rv3e8/66udvQJsioAgoAoqAIqAItDsC32j3O+oNFQFFQBFQBBQBRQBKwPoSKAKKgCKgCCgCbwEBJeC3ALreUhFQBBQBRUARUALWd0ARUAQUAUVAEXgLCCgBvwXQ9ZaKgCKgCCgCioASsL4DioAioAgoAorAW0BACfgtgK63VAQUAUVAEVAElID1HVAEFAFFQBFQBN4CAq9FwAUFBQgODkZ9fX2zKQcFBeHGjRvgt3lLSUnB1atXERYWZn4YpaWlePjwIRobG5sd1x1FQBFQBBQBRcDWEWg1AVdXV2PZsmWYOXMmampqBB8S6PHjxzF27FhMnDgRY8aMwcGDB4VYMzMzsXTpUiHmjRs3wsvLy4TpiRMncPLkSSVgEyK6oQgoAoqAItBZEGg1AZMwBw8eLKRaW1srOFGy/eSTTxAeHi77oaGhmDBhAqKionDt2jWQeNkePHiAxYsXyzal4lWrVqGyslL29R9FQBFQBBQBRaAzIdAqAr537x42bNiAc+fOYcmSJSYJ+OjRo9i0aVMz3Hbu3InDhw+DUu7u3bvlnLu7O+bPny8SL485OTk1u0Z3FAFFQBFQBBSBzoKAxQRMWy2lV9p/SZyLFi0yEfDWrVuFaM1BO3v2rJA1r6MKOikpCXv37sXFixcRERGBbdu2SfeysjLTOObX67YioAgoAoqAImDLCFhEwOnp6fjqq68QHR0tWDg6OuLLL7804bJ27VpcvnzZtM+N69evCwFz29/fH9u3b8f58+dBG/KuXbvEUcvb2xtbtmwBpeWEhIRm179shz5bIYn5yC2uelk3PacIKAKKgCKgCHRYBCwiYBLmgAEDhERpz507dy7GjRsnUixtuFQnHzlypNkiaStesWJFs2Pc8fPzEwctkjol6qKiInh4eGDlypWoqKh4pv/zDtTVN6LPMifc8k973mk9pggoAoqAIqAIdHgELCJgSrxUM5N8n0fAlGxXr17dbLGUig8dOtTsGAl2+fLlSE5ORkxMDGbPni324IyMDEybNg38tqTV1TdgxHp33A9Kt6S79lEEFAFFQBFQBDocAhYRcMtZOzg4NFNBU308evRo3Lx5E7m5ubhz546EIsXGxja7lB7Rx44dk2Px8fH44osvUFdXJ97TlKqLi4ub9X/RTn19I4avc8O9DkLA9ZWWSe4vWo8eVwQUAUVAEeh8CLwWAZNo582b18x5iqTM0COGKPGbJGzeKN1S+iVBs1VVVeH06dPimLVnzx7QQ9rSRhX0sHVuHUICzvH0QOD0KYjdsxM1BQWWLkH7KQKKgCKgCHRyBF6LgGm3TU1NfSaBRlZWljhqMflGy0Zv55ycnGaHmcCDMcSPHz9udvxVO1RBCwEHW6ayftV4r3u+sa4OQTOnw/HDd+Hc7UMEz56BsuTk1x1Or1MEFAFFQBHoRAi8FgG/bXxMBPy2VdCNjXh88gSce3SBa99ecO7RFb4TxiI/KPBtQ6T3VwQUAUVAEejgCFglARtswB3DCauhthaPTxyHa59ecO1tD9dednAf2A+p16918Eev01MEFAFFQBF4mwhYJQF3GAnY7Mll3LsLz6GD4WLfHa59esK1jz0SjhwC1dTaFAFFQBFQBBSBlggoAbdE5GvsFzwMhs+4UULCbk0q6aj1a1FTWPg1RtVLFQFFQBFQBGwRASXgN/xUy9NTETR7htiD3fr1hrNdN/GSLomPe8N30uEUAUVAEVAErBkBJeA2eHqUeKM2rDVJwi523eA7bjTygwLa4G46pCKgCCgCioA1ImCVBNyRnLBe9NDpnJVw+BBcetmJTdilZw94DBmI9Lu3X3SJHlcEFAFFQBHoRAhYJQF3RCesF70zqXduw31A3yYithcyTjh4QJ2zXgSY2fFHjx5JzWgWAmHxjx07djRL/mLWVTcVAUVAEbA6BKybgN9yIg5LnzZVz74TxoGqaLELd+uCiFUrUFNiWepNS+9ja/0uXbqEb3zjG5Lm9OOPP8bf/u3fYtCgQRYX7bA1PHQ9ioAiYFsIWDcBv+1EHK14F8pTnohzllO3D+HWvw+cu3dB8NzZKEtqXRawVtzS6ruSgH/+85+joaFB1hIUFIRvfvObYE5x88Yc4sy0ZmxMc8osa+aNOcdZCtPY2IcZ3cz71dfXG0+DVb7M+/MExzDvw3nxWMvGcXm9NkVAEVAEXoaAVRKwNdiAnwd6TWEBItetgYtdd4MkLM5ZY5Dn5/u87p3+2JUrV/DOO++gtrZWsMjLy8MPfvADnDhxQvaZV3zy5Mn48MMP8Z//+Z+milxLlixBr169mpFj7969wQpdbBcuXJBr7O3t0bNnT1Mtata0/uSTT7Bp0yYh/h//+Mc4c+aM6QfArFmzsGzZMhmD/9y6dUskchIuG4uSfPTRR7Czs5P5tCzRabpQNxQBRUARAGCVBEwbMKshWWM5wsaGBsQf2AfXXj0MCTskc1ZfpN9T56yW/yMvXryIn/70p0hKSkJ+fj5oC/7lL38pOcUpeVItzeIfrKxF6fif//mfcfz4cdn+1re+hdDQUBkyPDwcf/d3fwcfHx84OTnhX/7lX/DgwQOkpaVh+vTpQpYcjxL3n//5n4vK+/79+0LY3/ve9+T+HGjEiBGYMWOGaZok51/96lcoKSmRSl7vv/8+SNIpKSlyn+9///tyH9MFuqEIKAKKgBkCVkvAHaUakhmWrdpMu3UT7oMHiHMWk3a49rZD3L69qDdTk7ZqQBvsfP36dfzZn/0ZfvGLX4CE+u1vfxuRkZGyUpa6/NGPfgQXFxeUlpaKypclMUnIbCTDpUuXyvbmzZvx7//+77LNPmPGjJFqXCROVuEiUVJ6pQT8b//2b6aymDxPgmX1LzZeO3PmTNnmP+fOncN7770namxnZ2f80z/9EzgvXldeXi7n5syZY+qvG4qAIqAImCNg3QRsJU5Y5oCbb+cFBsBrzEi42HczFHOw64aojetQnZdn3q3TbpMQKdWSdO/evStkSE9oNhLn//yf/xN9+/YV0iXx/v73v8e0adPkPFXFXbp0ETtujx49TKrjd999Fz/72c8wdOhQuY6q6t/85jeIi4sT1TTPG+23LKFJGzTLZrKRgOfPny/b/Of8+fNgfzbWuaZ9esiQIaKWprPYr3/9a2zYsMHUXzcUAUVAETBHwLoJ2IqcsMxBN98uSkxE8Bez4NKjKyR9JTNnzZmO4uR4826dcvvq1atClkZHqXXr1uHv//7vRXqNjo4WCTgiIkIIs6KiohlGISEhomo+fPiwSNCUTNkGDBiAL774QoiZUqq5ExVty3/6059MDl3p6elCwGfPnpVrqYKeMmWK6T78gUAC5vxu3LiBn/zkJ6CdmnMxkrips24oAoqAItACAaskYGt1wmqBvWm3pqAAoatXwqlnD7j17Q0nuy7wHjey05c1pIqXjlBGD+fs7Gz8wz/8g9h56Y38xz/+ESNHjhRbLs85OjrCy8tLcCUpfvDBB0LSlHaN3ssHDx4Ue7Cvry8KCgrAWGPamtlOnjwpY5KY2UjAJFWjBDx79mz5AUB1NYn/d7/7nZA7Pappo6ZtmfHKrIvNa0nKRpW5DKj/KAKKgCJghoBVErA1JeIww/qlm1X19Yg5eACuQsK95Ntj6CCk37710uts+SS9oEmAJDhjo4qZxFpTU4Pg4GAhzH/8x38U2y3ttZ6ensau2L59u8QR79+/33SMZE5HKkrSdOiicxadu9hOnTolEq05AVMFTWJmS01NFQmZNuOuXbuKLZke2CRyttu3b4vETDsy50QVOCV1bYqAIqAIPA8B6yZgK7cBP/NAGhpA5yyPwQOkrjDLGrr1tkfcsSOor6l5prutH6BzVXJycrNYXcb8Umo1qo6p7qU0So/nwhZVp0i2VD23jOclbvSsppqaHtTGxnCiJ0+emMKOeA/2M4YZsR/H5P0o5bLRTmyUrrnPOYSFhclH1dACkf6jCCgCL0DAugnYBmzAz3su+f5+8B79sThnGSsqRa1bg5oiLWv4PLz0mCKgCCgC1ohAqwiYti96n1L1Z/6rnwunzcvV1VViLakGpC3OaLujtMC4S0ou5o3nY2Jimkk45udftG2IA3a3yjjgF62p5fGS2EcIZlnD7h8aknZI5qwvNHNWS6B0XxFQBBQBK0XAYgKmfWvs2LGS/ICOL8wWZLR90eGF4SHMNmTsw28mJMjMzJR4THqS0ovV29vbBBVta4cOHVICNiHSfKOqsBChK5c/zSFt1w0+Y0cjP1DLGjZHSvcUAUVAEbA+BCwiYNrhJkyYgHv37onzC51RJk2aJKn4uGTa2Bgfae6ByvSBJGZ6mJKs2RjLSS9RNhLzihUrTCQuBy38xxadsF609Ia6OiQcOmCyCbv2sjOUNbzTeZ2zXoSVHlcEFAFFwJoQsIiAGWLRUn3MfLv0UmUjmc6bNw+JiYlgOAj7Gxs9UHfu3Cm7VE3PnTtXtpkn15hhyNjX0m8TAduaE9aLAGhsROq1q+KcxbrCdM5y7W2PxGNHwNSW2hQBRUARUASsDwGLCNi4LFZ/oRS7cuVKrF+/3uR1SrXy+PHjRbplsgImpGeWIHqRMt6SYR4kZsZgMn8uiZpSMe3I7ENJuTXNRMA26oT1IixyAgPgOeojuPTsLpmzXOy7I3rTBlSY/eB50bV6XBFQBBQBRaBjIdAqAmbs5YEDB0TapSqZ4RZsHh4eYt+lCpphG6wSM2rUKHHK4nk6Z23ZskUSKDA0Y8+ePULMDx8+xLZt27Bv3z4J57AUGltLxGHputmvNOkxgmZNhzMzZ/XrLd9Bc2ahLDmpNcNo3zeAAHM+s9CDeZzyGxhWh1AEFIFOgkCrCNgcE5LsZ5991ixG0vw8JV06XRmbsaYrSXfv3r3iNU3JmPZkVqhZvXq1xX/IOqsEbMSyKicH4WbOWS52XeE7YSwKQx4au9jsN50BP//8c0ydOlV+CLIIgjEmuC0XTS0N/RqM7zHvxUIQ//qv/9oslrgt56BjKwKKgG0hYBEBM9kAkw+Yt8ePH8sfQnpCM9mBMTGBsQ+9nqmqNm+UoEm0THzP8CPm5GUjCTM7EW3JljQTAXcWG/BzQKFzVuyhA3C27y45pGkb9hgyEOm3DZV7nnOJVR+itMkCB6wPzMILCxculIIKzEjl5+fX5mtjMg7mfWZJQ2OjTwPnQydFbYqAIqAItBYBiwiYUivtuvSCZpo+Eial1zVr1sj9mMJv4sSJiIqKkvP8IzVu3DiTCto4KV7PsCM2OnWRgCm9kJC53TKTkfG6lt8mAu5kNuCWOND9KuXaFbj17yNlDcU5q09PJB49jMb6+pbdrXqf7xerGNHEYd5IzPywURVszHpFnwPzTFTMmMUfeMbQOfZnX2bbMjZKt9w390ngdbm5ufJu//CHPxSvfv4g5XtLkwvTX+bk5Mi7y37aFAFFQBGwFAGLCJiDUdVHR6thw4ZJAnwSMAuas/EPHW28JGk6YbHe6oULF5rNgRLy4sWLTdfwDxs9oVnGjTl7majD0kYCHr7OzaYTcViKBfvlenvDZ8wo0CnLaBeO3rIJ1U05ilszVkfsy5SR3/ve96S4wcvmR60L3z+GzDEX8/Hjx6U76wqzUAIJ/Dvf+Q4WLFggDoAclwRqzNfMRDO8zvjukohZgpD+DHZ2dvhv/+2/STEIVkxi1SMmpPnpT38q7zXHYX5p1v81JqB52Vz1nCKgCCgCFhMwoWJiDar7nud4wj9WlID9/f1B9XTLRimlpaqOUgT7t7ZiTGd2wmqJq3G/NCEeAdOnwrl7F5GInZoyZ5WnPDF2sdpvOumROI0mCmpKaMKgFoUSMX/MsdHzniQ5ffp0BAQEiGNfYGAgWDyBzn58zxg694Mf/EA88ikBk5iNYXLU0HzjG98Q7Q3H49j/8R//IWpn5ppm4QYmjzFK4STgv/qrv5ISh9T60C+C86RPgzZFQBFQBF6FQKsI+FWDtdd5VUE/H+nyvFyEL19q8JDu20skYp8JY5Ebat3OWXTa++53vwsWYmBjHd5f/OIXUinpr//6ryU9Ko/T8e9HP/pRM1PGokWLpHKROWJMGkOJlm3mzJkYOHCgbNNn4de//jV69OghCWcYckepmURNLQ/JmGF1xsbwu3/+538WE4rxGMdliJ42RUARUARehYB1E3AndsJ60YNtqK5G3L49T23CTc5ZGffuvuiSDn/8zp07+N//+3+DvghsRj8E2mC//e1vw83NTY5T5fzee+81s/32799fTCPmi6TES6Jlo7TKsoTU7rDviRMnpIwgx6Y6ecqUKdKPKmfWJmZInbEx/I7j0CeCjTbo999/35TtzdhPvxUBRUAReB4C1k3AndwJ63kP1Hgs7fZNuA/sbyDi3vaSuCPxxDE01NYau1jNNx2nKNlStWzeKBHTMYrhQGwkT3oqG+v58tjw4cPRt29f88skG1v37t3lGLO2/fGPf5R85cxlTics2n2XL18ukjDDntjow0Bp11wCphc0yduokmaYEsel1K1NEVAEFIFXIWCVBKw24Fc9VsP5LB8feI8cYQhVYtIOu26I2rAONcVFlg3QgXpRvUz7KsmNdl3W8T19+jT+7M/+zGRzpQT829/+tplnM+2y3/zmNyX2nNfcuHEDf/u3fwumSDU2Fg6hXXjy5MlyiM6BlLjpYGV0NKRXNSVgev7TlkyVNKXkn/zkJyafB6qqKQHTQVGbIqAIKAKvQsAqCVhtwK96rE/Pl8bHIXDaFINdmOFK9t0RPGc2KjPSn3ayki06SX3wwQciDZMc6UBFz3qGBbGRkCmBGp2yjMuiExcdsWjPJYlu3ry5WfIOOmb95V/+pYmUKdGyP6t+mTdmcPvWt74lamc6hAUFBeH3v/89njwxOLpRBW1vb28KzzO/VrcVAUVAEWiJgBJwS0RscL8qJxthS78yeEg3pa/0/2wiCsNCrG61VPOy9jRJ0rzoBxdC4qW62jyO17hA9n3eNTxPb3wSKsc2NvY3V2Ubj/Pe/PAeTCzD2F9ez8ZjvP/zrjNer9+KgCKgCBgRUAI2ImHj33UVFYjZvw/MmOXWp6d8ew4fjFQrds6y8Uemy1MEFAEbR0AJ2MYfcMvlpV69DPdB/ZvqC9vDpbc9Hp8+aZXOWS3XpvuKgCKgCFgTAlZJwOqE9fVesVxvL3iPGQkXu26mzFkxWzehttSQ0vHrja5XKwKKgCKgCFiCgFUSsDphWfJoX96n7HEiAiZ/9rSsoV03PJw/B+VPtLDAy5HTs4qAIqAIvBkErJuANRHH13oLagryEbZsiUkSdrHvBt9PxiM/KPBrjasXKwKKgCKgCLwaAesmYE3E8eon/Ioe9RUVeLRrh4QnsZoSnbQ8hw9BppPjK67s2KfzS6uRnF3WsSeps1MEFIFOjYBVErDagN/sO8vwmeSrl+E2oC9cmTWrlx1IxkmnT6GxKcTmzd6x7UajeeKO/xMMWeOGHTdi2u5GOrIioAgoAl8TAaskYP6R1XKEX/PJP+fyLA93yZwloUp9ewkRR23ZhKoy65Akg+PzMGO/P/osd8a+27HILKh8zir1kCKgCCgCHQMBqyXgYVoPuE3eoJLYRwiY8nlT0o4+kr7y4YK5qEg31H5uk5t+zUHTcsuw9kI4ei11xJKTIUjIUG/urwmpXq4IKALtgIB1E7A6YbXJK8LMWaHLl8CxxwcSpsRwJb9PJ6AwtGNlzqqqqccp5wQMXOWET3d4wysqu03w0EEVAUVAEWgLBKybgNUJqy3eCRmzuqYKkQe2i1OWa1NtYe+PhyPD8X6b3dPygRvhEZmFCdu8MWi1K867PW6WRtLycbSnIqAIKAJvDwGrJGB1wmq/FyalyTnLpckxiw5ayWdPo7HekP+4/WZiuFNMajG+PB4k6maqnbMK1c7b3s9A76cIKAJvBgGrJGBNxPFmHr6lo+R4uMPr4xESquTWr7dIxdGbN6C2uNjSIb52v9ziKuy/E4s+y50wba8/QhLzv/aYOoAioAgoAm8TAesmYLUBt9u7UxQVCd/Jk55mzurRFaGLFqAsNbVN51BZU49bfskYscEdH2/0wA3fVNTUNbTpPXVwRUARUATaAwGLCbi+vh6sx8qC5IcPHwYLlJs3lmC7ePEi1q1bh3PnzjUriu7j44OdO3fizp074DjGxjqqN2/elLJuxmOWfKsEbAlKb75PWWaWkK5zj65wo13Yrht8WNYwKuK1b1ZZU4eq2qfvhPlAoY8LMHWvH3ovc8Ke2zEoKq8xP63bioAioAhYNQIWETATNezatQuffPIJli5dii+++ALTp0/H48ePZfHV1dVYtWoVJk+ejGXLluGzzz7DihUrxDEmJiYG8+fPl+LlW7duFZLmRRxzx44duHbtGhoaWifRGOKA3XFfnbDa/eWrq6xE3N7dBnU0Y4V7dofniKHIdHJ4rbmcdo7D9hYJM9Lzy7HxYijsljhi0bFgxKdrWNFrgasXKQKKQIdGwCICjo2NxaJFi8BvY1uwYAEuXLggu56envj888+RlZUl+yxuPmXKFPj5+eHs2bMi/fKEm5ubkDG3IyIisH79+ucWT5dBXvKPEvBLwGmHU/zx9OTiebgaM2f16Qm3/r3x5NxZNDZaPoEnOeXixWz3lQOinhShprYBp1wSMWCli4QVuYWlWz6Y9lQEFAFFwMoQsIiAa2pqQCnX2EpLS4WQHR0N+YIPHjyI7du3G0/LNyVmfi5duoQtW7bIMRcXFyxZskTU0Js2bUJAQECzayzdURW0pUi1bb9MT094jRhqkoZd7LsjYvMm1FmQOYtku/R0CN6ffw/dFj/ArAMB8um30gXHHRNQXvV2vKzbFjEdXRFQBBSBpwhYRMDG7rW1taI2/uijj0AC5T7bxo0bcebMGWM3+aY9eMOGDUhOThb1NKVkXkMpmJIx7chsCQkJSEtrXZYlEwGrE1YzzN/GTnFUFAKmMnPWh3Dr30cyaIUsnPfKzFnXfVPQZdED9FrqhD7LnPDe/HuYvs9f00e+jYeo91QEFIG3gkCrCLiurg5OTk44ffq0SLJXrlyRSa9du1YkXfMV0LZLhyw22opPnjwp5EtJevPmzYiOjsbVq1exbds2kZ79/f3NL3/ptomA1Qb8Upza62RlZiZCFy+UtJUMU3Lu0QWB0yaj4AXOWal55ZLLu9tiB3GwopMVpWASMJ2ytCkCioAi0BkQaBUBmwMSFhaGsWPHimp6//794Me8HT16FKtXrzY/JNv0hKa0nJqaKvZgkvrDhw8xd+7cZp7Tz1xodkATcZiB0UE2ayorEbOTmbO6Gzyke/aA+9BByHRzaTbD+oZGLD0Vgnfn3UP3Lx3Q40sHdF30AB8uvI/fzb6DvbeiUFffCkNys9F1RxFQBBQB60HAIgKOjIwUZypzb+WQkBBxvKqqqsKNGzfw1VdfmbyZ6aRDL2hKyuYtPz9fJGd+c0x6U7NlZGSIVzW/LWkqAVuCUvv3aWxsQPK5M3Dv38dU1tBtUH/kBDzVbjiGZIBOV4PXuOLTHT6YuN0bC48FY/mZUCHmk86JYOyvNkVAEVAEbB0BiwiYKuTx48eDYUTBwcFwcHDAhAkTTHbc3NxcCT3au3evnD9w4ID0N7ftMv73+PHjJlU1bcPz5s1DcXExAgMDhcDLLHDe4QMxEbDagDvk+5nj7gaPIQOlnCFTWHqP/gjFMdEy14LSarHz5pVUo6SiFsXlNaiubRCpt6FBJd8O+UB1UoqAItAmCFhEwLwzSfjLL7/EsGHDhHxp062oqDBNyijRDh06FNOmTQMlZPPGpBu0/dKDmo2qZxI5bcB0zoqKijLv/tJtEwGrDfilOL3NkzlennAf2BdufXqKl7T/5M9QYaGG423OW++tCCgCikB7IWAxAXNClGJJoJWVz0+AT1LleYYttWz0mH7ecUrPJSWtS7RAAh6u9YBbQtzh9tNu3YBrL3spacjsWSGL5lsUotThFqITUgQUAUWgDRBoFQG3wf1fa0h1wnot2Nr/osZGJB47aogTZohSjy6I2rAODW+pklL7A6B3VAQUAUXgxQhYJQGrCvrFD7SjnWmsr0f4xnUSH0znLErC8Yebe8x3tDnrfBQBRUARaA8ErJuA1QmrPd6Rr32PqspKBC9eYKqk5NrbHqnXDDHkX3twHUARUAQUAStFwLoJWJ2wrOa1q8rOQsC0KXC27w5X5o4e0BfZHu5WM3+dqCKgCCgCbxoBqyRgtQG/6degfcYrTYiHz5iRcOnZQ0KUPIcPQVHk65cybJ9Z610UAUVAEWgbBKySgNUG3DYvQ3uMmufnC4/BA0zhSb7jRqNSw5PaA3q9hyKgCHQwBJSAO9gD6QzTSXd0gHMvO0PKSvvuCJ49E9W5uZ1h6bpGRUARUARMCCgBm6DQjfZCgPmuki+cE1W0oXhDV4QvW4K68rL2moLeRxGwOQSY4pfZB5k0KSkpSb6NORsKCgpM51JSUiQRkjkAzN/A69mys7Pleo7B9MDM228ck7kc2JfHeYwZDTn2ixqL77A+PHNIaHsWASXgZzHRI+2EQOyeXQbP6KbwpNi9u9DY0NBOd9fbKAK2hYCdnR2+//3v41e/+hV+/vOf45e//CV8fHxkkf3798f3vvc9/Od//id+8IMfwN7eHvHx8SYAmGb4/fffl/05c+bgZz/7GX7605/i29/+Nv7P//k/MhbHJOGy+t23vvUtuc+//du/4Yc//KFkSXxeQqVly5bhL/7iL3Du3DnTvXTjKQJWScDqhPX0AVrzVn1VFSJWLDOUMezfRyopJZ89Dc0Ibc1PVef+NhBgAZzf/va3UlWOkivrrFNCLS8vl+l88MH7mDp1KpgSmPn8Sfj1Np4AACAASURBVNL9+vUzFdDZsmUT/uv3vwfHycnJEXJmemD2I+FyLI7JbIcsovPee++JlPzo0SPJ70+iHjJkcDNJl6mKe/Togb//+7/HwIED3wYsHf6eVknA6oTV4d8riydYnZ+HoJnT4GLXTWzCrn17Is3BweLrtaMioAgYEPjjH//4TFlYIzZdu3aRYjrGfZaK/c1vfmNSRW/aYpCAzSvecfuDDz54RnqdPXs2mPPfvDk7O+Ob3/wmXFyelh/ldvfu3XHhwgX8y7/8i0jP5tfoNmDdBKyJOGziHS5LS4bvxHGSspIETC/pPH8/m1ibLkIRaC8E3n33XSxcuBDp6enP2GZJhDNnzkRWVpYUyqEEa17DffOmzaKCNidgSs8c88SJE82WMGvWLCnK0+wggH//9383lZjluXHjxpn2//SnP4HV8rQ1R8C6CVgTcTR/mla8VxgWCs+PhkodYcYJ+4wdhVIzG5UVL02nrgi0CwKUVr/73e+K2vg//uM/MHHiRLAIDhttvlQT/+53vxNJ9X/8j/8h1eiME9u6adMLCfjYsWPGbvJNImdVvJbtd7/7LUaOHCmHi4qK8Itf/ALu7oZkO1Rj00b9vII8LcfpTPtWScBqA7bNVzTbzRVu/XsbwpPsuknmLKqotSkCisCrEXjvvXexaNEixMTEgLZZ2oKNEi1tsZRco6OjxZbL7b/7u78zqYW3bN0u0q6xP+9GGy4l4KNHjza7OZ20BgwY0OwYd37xi3cwffoMOX716lX85Cc/EScw3vP06dP467/+a4SHhz9zXWc+YJUErOUIbfeVTbl0AS6MEe7fB07duyBk8UJUNzmS2O6qdWWKwNdEoLER77/7Lnbu2vXcgbp27Yr169ebzhUXF+PHP/4xDh48KMe2bN0MqomfR8AtJeDp06c/Q8Ac7//+3/9rUjNPmjQJf/M3fyPe05SE33nnHfz3//7fpSa8aRK6YeU2YFVB2+QrnHD4IJy6fgD3AX2lilLkxnVoaFKl2eSCdVGKwBtA4A9/+CP27Nnz3JG6devWjPxCQ0NFFX358mXpv3mzgYDpBW1sRhtwSwKmE9bHH39s7CaOXDzGsCXWd6f6mSFL169flxhgxgHT9rx48WL8+te/Njl+mQboxBtWKwEPW+eG++qEZZOvbkNtHcLXrYFz9w9FEna264bEI4dscq26KEXgTSHw83feEUmTKmJKqdOmTUNgYKAMT9svPZHnzZsnxyn99urVy2QjXrNmjdhszSXgsrIyGe/AgQPNpshwJkq3CxYsEDvzf/3Xfwn5urm5ST9K1f/4j/8IYxIQ48UMf6Id2txT2nius35bNwGrBGyz721dWRlCFs6Ds11XMFuWW5+eSLt1w2bXqwtTBL4uArt37xZynTJlCiZPniwfIwEfPnxY4oCN5+gBzSxVxubo6PiM9Mzzu3btkrhhYz9+37x5UwieRPz5559j27ZtzbJhHT9+/JnQJV5HhzCGPxmTg5iP2Vm3rZKA1Qmrc7yulZkZCJg8SRJ0SAnD/n2QoyUMO8fD11UqAp0AAYsJmOqE27dvg+oI2gSYT9S8BQUFyblDhw7JNz3njLlFqXrgvlFFYbyOtgEeM1d7GM+97FsTcbwMHds6VxL7CF4jR0j5QtdedvAaMRTF0VG2tUhdjSKgCHRKBCwiYLqjM46LcWVMQ0bbwieffAIa8tlouKcNgYZ52h9okKetgXlDmcKMrvGMB9u0aZOoL4xIU2Vy9uxZud54zJJvEwGrDdgSuKy+T25gANwHDwClYMYI+0/6BOXpqVa/Ll2AIqAIdG4ELCJgPz8/IV56srGRcEmmS5culX3aCubOnYvY2Nhn0KTku2XLFjlO4/v8+fNlOy4uTki9qqrqmWtedcBEwGoDfhVUNnM+7e4dSdLh1reXpK18OPcLVDdVb7GZRepCFAFFoFMhYBEBU/1sTOptRIe5P41kSmKmR1xYWBh8fX2bGe1PnjyJnTt3ymVUN7OfkcBf1xhviAN2x30lYOPj6BTfj0+flHSVhhKGXRC5fo2GJ3WKJ6+LVARsEwGLCLjl0ll2asaMGbhxw+CVSsn2o48+EimY+T+ZpowSMtOOUdL98ssv8fDhQ/GWu3//vuQiZbwaiZh5S/PyWpftSAm45RPpHPuN9fWI2bbFVD3JuXtXxO7fg0atn9Q5XgBdpSJgYwi0moBZiJn23Y0bN5rc2OmAdebMGUl9RnU0y1iRiBmIzcZ9xobdvXtXrmHtSaYkIxnThZ37dNSytKkK2lKkbK9fXXkZQr9aLFmy3Pr1gUOvLnh88bTtLVRXpAgoAjaPQKsIOCQkBIwjI2G+Kqk2M6ysWrXqGQCdnJykukZaWpqosBnszXHpqMVtS5qJgNUJyxK4bK5PTWEhAmdMhUuPrpI32r1/H2S5ONvcOnVBikBrEGCtX/rhsGbv8xo1jTxv6d/Z543xomP05WHMMTNhabMcAYsJmLZdBl5Tam3Z6OFsDPg2nqPESzW0eWO+UDpu0WZMqZge1Wx8cZi5hdK1Jc1EwGoDtgQum+xT9jgRvuPHiFc0w5M8RwxFQXCQTa5VF6UIWIIASwx+4xvfeCahBq+lZvL999+X80yk8aZbQkICvvOd74CRLdosR8AiAqa0yswqzHDCsKL4+HhTtY36+npRNY8YMULKW9Hme+7cOYwZM8YUpmSczvnz56UqBvcTExPFZkxJmuFMlIBLS0uNXV/6rYk4XgpPpzlZGB4mxOva216I2HfcaJQlPe4069eFKgLmCLDcHwsidOnSBS2jS65du4Z/+Id/kI/RNGh+7dfdJg8wr0NbSNdfd24d+XqLCJgPb+DAgUKqdLYi2Q4ePFhifo35Pi9evChxwDxOsvby8mq2bpI4q3EYHa5IvHwRqM6mHVhtwM3g0h0LEch0dJQ0lRKeZG8oYVhRkG/h1dpNEbANBOjQ2r17dzERshAC/W2MjYmOWD6QdXxZXvDSpUvGUyL8MHcDU0pSwOI4bCxleOTIEfk7/tlnn0m+Bh6n4ETNJZ1wqbXkmAxTJeHv3btXzrMfw0/pG8QxOfahQwdRX98gY+s/TxGwiICpOs7JyRH9Pr+Nn4KCAtMD45DMfJWdnf3cX0Ek6udJuFQ/t9ZuYFJBqw346ZPsxFtPLp43hCf17wPnHl0RuvRL1L9GfHknhlCXbgMIsB4wSZC1fseOHWtaEc19rELk7++PP/zhD6CwxMbIFJYgpMMshabvfve72L59u5yjSfEHP/gBfvvb30pUCwmVf79Z1nDIkCEiNP2v//W/pAhDRESE/A1nAQYj8VMKp8RNwe3TTz/Fd77zXazfuNo0J90wIGARAXc0sEwErDbgjvZo3tp8YvbsNlVPonNWzLbNYNiSNkWgsyDwhz/8HkwFTKKlPZbCENtXX30lYaKUUn/1q1+ZJGBKucY+7LdkyRL0799friFp/8Vf/AVYtMHYGOnCkoNUN7MtXLgQo0ePlm2Gk5LkjZWOSNQ9e/Y09V25chXse3czVV8yjtnZv62WgIezHKEScGd/f03rr6+tRRRLGPboItWTXOy7Ien0CdN53VAEbB2B995915T0iJItHaLoEf3LX/4SV69eleWTgI0SMA9Q0mWFIqqTKR3ThMjGyJR33nnHpFLmsStXruA3v/mNycuaknbv3r2lPx1oOTYTNLGRfFlJydhI5L/59W+kVrDxmH4DVknA6oSlr+7zEKgtLkbw3NmSqtKtXy9JXZl+987zuuoxRcCmEKDl9t333sfWprS/TH5ENTBVx6zXS+mXH5KxkYAvXLggNYJ37NgBbo8aNQpDhw4VXKieZl861Robo1d+9KMfidTLCBcSNMNN2SgB/7//9//EEZf7JGD69xgbyZgScmFhofGQfsNKCVhV0PruvgiBitRU+E0cJzZh19494TaoH7ICPF/UXY8rAraBQGMj3nv3T9i6xUB6tMv+67/+K7797W9j+fLlssaioiIhQaMTVt++fSU0yQgAnbHorMVGCfhnP/sZoqOjjaclmRKduCgxU/plTgdjo5OtuQra3t4eGzZsMJ4WyZz2ZPoTaXuKgFVKwCYCViesp09St0wIFEWGS9lCCU/qbQePj4egKDLCdF43FAGbQ6CxEe/8/OdCjsa1kQQZF0xbLxudZukodfq0IXMc44EZtsT8/HTC+uEPf4hevXpJ34CAADlnTsDM9/DjH/9Y1M5UVVPKPXz4sNh5qYLm2MY8EVRnk6iNjWTMHwT8EaDtKQLWTcBqA376JHWrGQJZgX5wG9BPQpRc7LsjcOrnqMy0LNFLs4F0RxGwEgSOHz/RLCESw4OMZMslUAXNBEnmVesePHggzle0F5NgjUk6GNPLvsawUV6/cuVKUWdThX3r1i1J+PH9738f9+7dk7HpAGYke5aZZfImYyOhs448E4Joe4qAVRKw2oCfPkDdejECabdvwbVvT0lXyfCkkAXzwDSW2hQBRaD1CDAHBJ2uSORs9JSmtzVJXNvrIWCVBGxSQasE/HpPvRNdlXD44NPqST26IHKtljDsRI9fl/oGEWC52W7duondmCro3//eEPbERB/aXg8BJeDXw02vshIEGmpqEL1pg6FwAxN12HVF3L49VjJ7naYi0LEQYAZD5n2mGpsJmbR9PQSUgL8efnq1FSBQV1GBkCWL4dy9C9z69waLN6RcNmQDsoLp6xQVAUXARhFQArbRB6vLao5AeV4uAqZNNqij+/aSZB3Z7m7NO+meIqAIKALtiIBVErA6YbXjG2JDtypPToaPsYRhb3t4fTQMhWGhNrRCXYoioAhYEwJWScDqhGVNr1jHmmteYAA8Bg+Aa5+ekqyDNYXLkpM71iR1NoqAItApELBuAtZEHJ3iJX3Ti8y4f0/SVLKEobNdNwTOno5KTRDwpmHW8RQBReAVCFg3AXeAMKTSqlyEJd9EVOp9pOQ9RG5xIioqS9HQqJV4XvHuvdXTCefOwqVnD0PhBrtuCF++FHVlZW91TnpzRaCjIJCSW47L3skoKq/pKFOyyXlYJQF3FBtwfUMtbgevxO57fXHAYQiOOo/GCdcJOOM+BZd85uB+yHr4xp5ASNJ1PM72R0ZBFPJLn6CiuhA1dZU2+UJZy6KYvD52zy6pH+zO8KTuXRC7czsa6+qsZQk6T0WgzRA4+iAOH23wQHGFEnCbgWzNxRg6QjnCuvoaXPSeix137LH3/gDsuz8Q+x8Mxn6HIYbvB4Ox78Eg+fD8AYdhOOk2EZd95+JGwFI4hm2FV8xhhCbfQEKWN9ILolBeXSDkTHLX1rYI1FdVIWLlcrMSht2RdO5M295UR1cEOjgCVbUNmLnfF5uuRHXwmVr/9KxSAu5ITlgZeTFwCNmG6/5LcNF7tkjAJGEh5CbyFVImMTcR8t77A+X8nnv9sOdef+x/MASHHD8ySdBnPafhRsASuETuhl/saUQ/ccbjLF9kFEahuCITVTWl1v/mdZAVVOXmInjWDEMJw76GEoZp9+92kNnpNBSB9kcgNrUAfVc4IzxJ07a2NfrWTcAdyAmLKuWyqjzklSQhPT8CCZmeCEm6Bo/oA7gTvBoXfWbjtPvnQtCHnT4WlbWBgPs2k54POAyVc0LWZkRN0qaK+5zXNFzxXYA7wavgGrELfnGnEJ3qgOTcIBSWpaGiihJ0hdqgW/E/hyUMfT8ZD9ee3aV4g9vAfsjx9WnFCNpVEbAdBI4+iMWnO3xQW6cpJtv6qVpMwPX19fD29saZM2ekYkZ2dvYzc/Py8pLzrq6uqK19qkKNj4/HyZMn4e/v3+waVtrgmOZ9m3V4wU5HkoBfMMVnDtMpq7SyELnFCXic7YfI1PsIjD8P1/B9uPtwDa74LcBp90k46DCsSYVtUGMbVdhG6Zlqbn4oYZOUeZzXUII+4jQSp9w+wTX/xXgQugmeTertmDRHPMkNRl5pMsqq8gHQAqrNHIHcqCh4DB8K1952kinLe/THKImLNe+i24qAzSPQ2FCPidu9cNQh3ubX2hEWaBEBs/rFtm3bMH78eHz66aeYMGECpk6dipiYGFlDXV0d9u7di1GjRsn5MWPGYNeuXWCSbpanWrRokZA2a0KydJWxsXzViRMnpJ6k8Zgl3x3FCcuSuVrSp76hBpU1JSiuyEJuSSKSs0IQ8eQO/OJOwylsG675L8IF71k47fE5jrmMBaVkOn7xY257NkjPQ5tsziTp/th9t498U+o+5f4ZznvNEIIm6Rvsz9eRkOGN7IJEUW+XV+ejrr5zlgzLcneD+4C+hhjhnj0QOHUyKrMyLXmE2kcRsAkEHsbnYfBqF4Q+LrCJ9XT0RVhEwKzrOGPGDFOtx9LSUixfvhyrVq2S9QUFBeGTTz4xETKTdU+cOBGsnnH58mUhb3Z0dHTE4sWL5Zrk5GQp2Mzk3q1t1igBt3aNLftX15WjsDwN6QWRiMtwl9Anqp9J0DcDl+G813QccR6Fg44jcNBxmKixKT0bbNEGqVmkZ9qlm6RoSs/03qZz2EHH4TjuOl7GuR20Ck7h2+EXdxJhyTeQmOWNjMJoIeiGRtv2Ek69cU0kYIkR7tEVoYsXor6iouXj0H1FwCYR2HUrBp/tVPVzez1ciwi4qKgI+flUXT5tbm5uWLhwoRw4fvw4Nm/e/PQkgO3bt2P//v2iet65c6ecY8HnBQsWoLGxETzm5OTU7BpLd0wE3IFswJbO/U33I5a1dZUS2lRcnoWMgljEZ3og+PEluEXtxZ2g1bjm96VIvidcJ+KQ4wgYbM/9msh5kDiBUXo2em8bnMQoPVPC7i/XHHcdJxI4JXE6iDmH70BgwnlEpTxAal4IsovjRIKvqi0VzcebXmd7jpdwcL9kyXKT6kndELFxDerrn5pU2nMuei9FoL0QKKusxYTtXjjhlNhet+z097GIgFuiVF1dLeR79uxZOUX1NG285o3nqHKOjo7GsmXLEBcXh927d+P69euIjIyUbfYnuZeXl5tf+sptEwF3gEQcr5xsB+hAE0FpZQ6yi+PxJDcIsekueJh4E54xh3AvZL14b1P6pZOXwUFsmKix6aFNAiYhm9uiKTmbf/Y9GCgkfcZjikG9Hbwe7lGH4B9/RhzRKLE/yQlEdlEccouTUVVdIWruhoY6NDZ2PEePhtpaRG3aAKduH4Ixwo72HyDu6AG1nXeAd1mn0HYIPEzIR88lTkjK0iiLtkO5+citJuDCwkIh1CVLlqCsKXPQunXrcOHChWYjX716FevXr5djVFFT4iX50uGK0nFwcDAoEW/ZskVU1FFRlseckYCHr3PHfSXgZpi/zg5VylRvV1QXIa/ksRB0RMpdUT+7ROwUD+4rvvNx2v0zUXEbnL8MMc8kZaMam9KzUeUttmexTzPEarCQM9Xjx13G4bjrBPEGP9tE1neCV4qk7vXoKB4+voyIpPtIyg5ASl6IqL3zSpNQUpmNypridk1eUlVaiuD5cw2JOvr1kdSVaTeuvw7Eeo0iYBUIrL8UgblHgsC/r9raB4FWETBJctq0aWL7LSkpMc2QDldHjhwx7XODzlVGG7H5CaqdDx8+jPT0dHHO4jiBgYEgoVsqCSsBmyPa9tt0ECsoS0FW0SMkZQUiIvkBAhLOwTl8O677fwlKvifdPsVRlzE47PSREDGdvyhB7xEJ2uCxbSRsUXW3TFYint1P46NJ3JTGmbiE9m3+COC9GNLlFLYV7lH75EdCRModPEpzRlJOALIKYlFSnic/JqpryyQcq76BNuvX8/quzslBwJTPTTHC7oP6IcfTo+0B1zsoAu2MQEV5OUZvdMVZt6R2vnPnvp3FBEyJlY5YlGxbNqqbV69e3ezwmjVrcPTo0WbHKDFTHZ2amgqS+axZs8QDmmQ8efJkZGRkNOv/oh1VQb8ImfY/TjVybV01istykF7A+GcvUTtTve0Uvk3ScV4P+AqXfedJmBW9uJl4xETGLdTZT1XbBunaIFUbw65I5P3Fhm1wLhtkciAjWR9xHo1jImWPxzmv6XLPuw/XgpK8V8wRBMSfRUyqg4Gws/2QmhcqcdtF5ekiYdc+x/u7MiEZ/uPGw92+J9y694D3kKEoDotof6D1jopAGyLgHJKBoWtckJKj6uc2hPmZoS0iYBIkw44o1ebm5iIzMxNpaWnIycmRAenRzNAkejyTRKlqZigS43/N26VLl3Dq1Ck5xHNz5swBvaBpE54/fz6Ki4vNu79w20TA6oT1Qow6ygnaeKtrDSruovIM5JcmI6vwEdLyohCX7oXIlLsIiD8H70dH4RC6CbeDVkoe7Qtes3DGYzJOun0ipMoYZzqK0R69S6RrQxYxg0q8KQWoeHUzkclQIXmSuTmBUxqnYxk/7CNx0+6fgepw5u6+6r8I9ADnPJhAhTbsmFw3+N/dgXuzB+HBpP54MMIOHjPHIzs5uknCrkXja0rYHeUZ6Tw6NwLUD224FIlZB5in4fW0RZ0bwddfvUUEfO3aNfTp0wejR4/GiBEj5DNo0CB88cUXqGgK0aBXNEOReJzfDg4OzWZFEl+5cqXJm5qOXLQb79u3T+zATOJhaTMRsNqALYXM6vrxh1lxRbZIqCxikZwTgJg0Z4Q/uY2gxAvwijoG18jdeBCyQcKwLnjPFC/tw04jJTEJk5MwvIphVpS4jWRsSGLyNCzL4PFtntykubr8gOMwHHYbhcMuI0Ulftj5Yxy5OgQnbo7C9cCvcO/hWgnZ8og+iJDEKwh9fB2P0p0lVCwtPxw5xQkSvmVIgGJ1j0En3AkQKKmowZA1rrjln9YJVtuxlmgRAdPxigk1KOny2/ihFEwPW2NjqFJiYiKY4aplI1EXFDwb3E0v6ZSUlJbdX7pva4k4XrpYPflSBKgCZxpQFrEorcyVdJyUshkaxQIXTGhCwqbNmDbrW0ErcCPgK5F4mZSEyUlOuBnCsygV03bNBCctPcD3Ow7FAadhOOg0AgddP8ZBlxHY7zAY+xwMsdbsL9fe7dPkmDYUx1zGiARPGzlV4ld9F+CG35cyj7DkW0LOTBuqTRF4mwg4hWRiyFpXZBVqhbb2fg4WEXB7T+pV91MJ+FUI6flXIUC1OKVS5u5mDHNStr/Yr+kBzhzeVIlTDc2Unkx0wkIbp9wnidr60L1hOOz4ESgNH3L5GIfcR2Kfg6EAh7nTmcljvKkohykRSpNqnHZrxlT7PDouTmR0dtOmCLQvAo1YcCQQy86EolG1z+0LvTWXIxy2zg331Qbc7i9MZ7shc3jX1leBCUZYx7m4MBUBu5bi9vjuuD1vIG4sGoDbJ6fAJ+kUHMO3itPZzcCluOq3UNKH0r5sjK8mIVO6JhFT2uaH20yMQtX5Wc8p4uHNuOnckscdMka6sz1/W19vVmEFPt7gjht+rdNC2jou7bU+lYDbC2m9j80gUJuVh+ApU+HatRs8evWGV/+BKPD0Na2PanFK2KVVuaCHNctIpuWHITHLB/GZnqC9+KzHVBx2GmWKnTakBKWt2qDSZsz0naBVkm0soyBSHL5MN9ANReANIXDH/4nYf0vKNdPbG4K0VcNYLQEPpwSsTlitetja+c0hUJacBO9xow0pK3v3hMfQQSgIDrL4BtU1lUjPj0FgwjnxvGZ4FiVkErA4jTkMMaUKPeI8UmzIJG6GebHspDqrWgy1dnwJAouOBWP1ubCX9NBTbYmAVRKwOmG15SuhY1uKQEF4GDyHDZbiDS49e8B37GiUJjQPvbNkLIZqsQpWbKonHMO2CtlSJf1UXU1vboZg0UN7AM64f447QesQmnRDSkzW1LUulaslc9I+to9ARn4lBq5yhWfUs6VlbX/1HWOFVknA6oTVMV4enQWQ7eYGt/69wepJLnbdEDhjGqrzn40CaA1WtXVVEnblG3cStCez1jPjmSV5SVMGMZGWHYbgsPNIXPVfAO+Yk0jKChBv8NbcS/t2XgTOuj3G6M2eKCzrnOVHO8KTt24CViesjvAOdfo5PLl0EZSAScTOdt0Q9tVi1LyhEoasdJVTmIjw5HtgDefT7pMkvpmOW4xtZrwzv/fc64tDTh9J1SuHsM2ITLkn5StJ5toUgZYINDQ2Yt5hf6y7qFndWmLTnvvWTcBqA27Pd0Xv9QIEGhsaELd/L5ztu4ElDF16dEXU9q1oqHvzji3FFZmIy/SAT8wpiWVmHWdJMnL/aTYwkZQfDJbiGTcDlyMg7gJS88PUkesFz68zHo7PKMHAVS7wiTFkM+yMGHSENVslAasNuCO8OjoHcwTq6usRvmYVnLt3ERJ27dkDj0+eMO/yxrerakqQVRQrOa6ZYIRJRfY12YnNw5yYP5uhUMwW5ha5R2KexZHrjc9IB+yoCFRW1+OmXwpCEvNRVVOPix7JGLPFCzV1WvnobT4zqyRgtQG/zVdG7/0iBGqLi/FwwVxRQ7v16w3XPj2Rfvf2i7q/8eP5pU8QneIC5/BdkkebyUKMjluGdJxNKTnvD8Qpt08ljWdgwgWpclXf8Oal9Te+QB3wtREg0c49HIgPF9zH/CNBGLnJE7uuPkSjZt94bUzfxIVKwG8CRR1DEWhCoCI9DX6fTZTwJBKw++D+yPNnkvv2bUwckp4fLjHH1/2XwhDmxPrMrCA1FCwJufdefyluQen4ku9c+MScwOPMAJRVfj0nsvZdqd7NUgS2X4/Ge/PuocvCB+i2+AGGrHbGvMOBuOSVjMwCTUNpKY5vsp8S8JtEU8dSBAAURUbAa+QIuPa2h2uvHvAcMQx50VFvDRvma2e6zcgURzwIWS+q6kNOI6RW874HhqxcUiLy/kBw/4LXTAmHYuGLvOI01D2nTONbW4ze+LUROO2aiD/NvYvey5zkY7/EEX+YcxfD17kiKdOySnSvfXO98LkIKAE/FxY9qAh8PQTyA/xBNTTDk5ztu8Pvs09QkZr69QZ9A1ezdGJ5db4k9PCIPIxrfovFk5rES2cuZuQylHDsL5LyUeexEgoVlHAByTmBY6CMpgAAIABJREFUUjf5DUxDh3gLCNz0S8UHC+6hVxMBf7jwPibv9kNydtlbmI3ekghYJQGrE5a+vNaAwJPbt+DSq4cQsYt9d4QsmIva0o5VcKGqtgxZhTGS1INFJ065fSYkLGFODkMk5MkQ5tQf9Li+4D0LzhE7EZvugaKybDBXtjbrQMArKkck355LHPH+gvuYtMsX6XlajettPj2rJGB1wnqbr4zeuzUIJB4/Kgk6KA0zUUfUhnWor+qg9rZGCKnGpDnCLXI3znlOMxGwIbTJIB1zm3bkYy7jxJErNOk60gsiUVtb0xpotG87IxCbVoxha13xxzl38dkuHzzJ0Qxq7fwInrmddROwJuJ45oHqgY6FQGN9HWK2bzGQcP8+cO7RFfH796K+puOTFcs1ZhREwS/uJK76LsIJ1wliN6ZntTHMiduUlo85j8Fln/nwjjkiqmrGK2uDaAjoacy6z8aKWizQwQ9LYeYUxSMlOwIxqS6ITnXEw8QrElbmE3scDqGb5QeOU9hWBCVeREyaCzILosF613w2tfWVrcoJXlBUguFrnTB+mzfSclXy7Qjvp3UTsCbi6AjvkM7hFQjUlZUh9MtFQr5M1EHv6IdfLULypQsoio9DfUPHj8Wsq6tHTnE8IlLuwClsm9RGPugw3JAik0lAmlJkUl29//5gnHb/DE7h2xGeQkeuJ2iwgjW+6DHSbk6mY85uqXRVXYn8khTklSaBlaqe5AbhcbYvIp7cQVjyTfjHn4Hfo5Pwij6E+yEb8CB0M24ELsU1v0WSPOWE20ScdJsoNaWJ1YEHQw0FOB4YwsQEw6aa0dQ2GLQPgw197g+WmtTnvWfiVtByOIRug1/sablvUrYfcooTpGzm80wDfAQ7rscjq6Dj//h70bOwteNWScBqA7a119D211OVmwPfKZ/DuduHBpuwXTe42HeDx4ihCJo9E8lnTqMwPAw1xVbgjdrYiPLKQiRm+sEj+gCu+C3AYaePRRI2OHKxeMQQ0/5x1wm46rdYKj+l5Ye/lXzV9fV14s1NKbSsKg8lldlSAIOElV4QgbTcUCRnByAk6TrCk28jIO4sPKMPwjVyF2gbvx28Ald95+O8x3Sc9ZiGk26fCIkyvOuI8yhZP9dOsmQRjd13+2DP3b4Sh71Hwr0GSO1n1n82xGQPlh8tEhJmRrw8T4c4Q/w2w8QMBTgMJEybPOtIGx3lBopGQop2PBgkNaWppTjj8Tkues3GvYdr4RN7DBFP7iIl9yGyimKQV5KGxkaVfjvKXxyrJGDagLUcYUd5hXQeliJQ/PgxAqdNFgJmxiw6ZhlClewkeQclYxZziNu3BzleHqgrK7V06Lfaj/mqSayhyTdxO2gFjrmMx0HHYSDxkDgMJDNYYo7pyHXR+ws4he1CTJozSipzUN9QZ8H8G1HfUCMkyvtJveXyAmQWPEJW4SOk5D1EXIY7HqW7SA3lwITzIoG6ReyBS9hu3A5cLRLjVb9FuOg9W3JmkzyPuowWQtx7bwD28WOUOEmE982lT0qgTVJoUx/2NRAkCbO/rHfP/X4GAr5nIF+5xmEIDjmOkFzdjLnmfWk/P+n2qRD5JZ8vcM1/sRA9M5W5ROyEX+xJPHx8RT5+cadANfQV33mieTjmPE6k4AMOwwRTEjDnYSBvlrM0ztXwg8Awz4Fg6Nl57ylyr/sP18Etah/o3U7cWK+aP0yIrWXPw4JHpl1eicBrEXB0dDSKW/xST0hIwL179/DgwQPcv38fTk5OKC01/AFJSkrCrVu3EBHRPPE3xwgPD291NhZ1wnrlc9UOHRSBhtpaScwRu3sngmZNN1VRcullB9c+9kLKzj0M6Sx9x41G9LbNSHd2Qnl6mlWUAKaKtrA0C4/SneESsUvIlgS8tylX9VPprT8OOA4DpWNKmFTdJmb5ICHDE3FpbghKuAj/+LOSSMQ5bLsQ0PWAxbjiNx/nPKbipOtEnHCdiKPOY+RzxGmkkJxJLf5gkBDi7rt9pVAFCdIoTXIu/JCYDPWXDdLo84iLfYTYmq7hGCRTSpqUgkmel3zm4kbgEimWcf/hRrhF7oVb1F74PDomBMq1xWd6yProrJZbnABmLauuK5cfEoyz5o+LlxNfo0GCrylHfnEqUvKCEZlyH35xp4WwmYr0ks8cwcRAzGY/JloQsgGH/th9r59gwPVQij/uOl4c7/g8+EMgIP4sYtNdRcVOe3VpZQ4V8R30f5Z1TqvVBOzq6ooRI0aAhGtsdDLYuHEj+vTpg7Fjx2LUqFEYP3689MnJycGSJUtw8eJFrFu3Du7u7sbLcOzYMRw+fPj1CVidsExY6ob1IVBbUoL88DAknjuD4C9mwnP4EBMBUxrmh57TLj26wGfCOISuXonU61fBbFsNVuDExSdSXl2A1NwIBMZfEMmLf+RJaoZqTk/DnIwEueduP/BDidRAFJREjWTZJNlJeJQhm5eRNNmX/UyS6L3+IPnuoir4HmOaDepbSqD8cB7Mnc3qUuc8Z4hETIK/E7xa7LYe0QdBRyhKoVGp9xGT5iRSYmpeqIRt0RGKJFpelS9rrKmrRCNDst4SP9XV16C8qkActOg4l5DpKep018jd8gPnvNcMnHKbhOOu4+QHBPEySM79BTfiaFRvc9uApcHBjsdPuX8qGN0Uu/NmeD86IhW3krL9xRbO50xHM9rJtVmOgMUETGn29OnTGDdunHySk5NNd6mqqsL8+fMRFBRkOkanC354zYYNG+Q4JePFixfLdnp6OlauXImioiLTNZZuqARsKVLaz1oQaKyvR0lcLFIuX0LEqhXwHDZYShyyzKFrLzuJJyYZU2XtMWQgQpcsRsrVy2I3plRtDY1/nOm4FJZ8Q6S2s55TmiRQg6rXSLQidYp0+lSVKnZTOnoZyffBEBx1HiXEQJvndf8v5UO7p3P4DjiHb4dv7An4xp4UD2JKiwyvoqo6NS8E2UVxKK7IQEl5DurqatHQWGez5EEBqb6+HsVlucgsjBGVM39YeD86CofQTYIbMTRW1jLaqI3PwaQFMKncDdI1JW1Kz7T/06nsmv8iOIZtgWf0EYQl3RGpP6MwCoVl6aLatoZ3tL3naDEBOzs7Y9OmTfD29hayffz4sWmu2dnZpmMpKSnIzHwagnD06FHs2bNH+np6emLu3LmyvXv3bjg4OJjGaM2GOmG1Bi3ta3UI0MnpSTIy7t9DxOoV8J04ToiXDlxiM+7bSyRlp24fwmPoIATNmoHEY0eQFxGBmsJCq1ku7b+JGf7wjDmIq34LcNVvoXxTBUpPa9pCqQZlCA4JND7TU/6oswIUnacogTLcqaQiC9W1ZfLRohKte/z8UUTsiGFuyWM8yQlG+JM78Is9ISFQVPmf95oJem4fdjIU99h9r49oGgxmBaNj2FDse2Cw8xu0EH3Ftk5b9xmPybjsOw+3ApfLMw1OvCTPks+wqDxDNAidNd2pxQRcXV0tT7agoACzZs2COQGTlKl6Xrhwoainhw8fjlOnTkn/hw8fitRLiXf//v04f/484uPjsWXLFjBHLaVnfremqQTcGrS0r7UjQA/qDCcHxOzbA/9PJxhU05SMm5y4KCUz4xZV1gFTJklt4mw31w6Xdcvan0NnnX9lTbGEoFHdzB9CgXGX4BKxB3eDV+O81zQccxmDg44jJKWpIae4wTlNNBpN5gNzKZp9qNamvZ4OaST4O8GrhJwD488jKuU+nuQGi5aiutY6HBFf992wmICNN8jKysLs2bObETDtups3b4a/vz9ItC4uLkLE/Gbz8PDA1q1bRR1NwqX0y74BAQFyfOfOnUhMTDTe4pXfJgJWG/ArsdIOtoVATWEBCh4GI3bPTvjOmgG3gf3g1O0D0InLrW9P+aZkzMxbfp+MR9SGtchycuwQeaht60noamh3rqguRHF5FtLzqNo2OM/RBEBveEq9NDMcdRkjdn9zb+2WNmdK03vu027fR7y46RRGR7dzntNx2Xe+2OX9409LSFVq7kMpLtJgA/bmVhMw1cuUgOnZ/LJG2++aNWue6RIYGCiSMIma9uCMjAx4eXlhxYoVqKy0LEWfiYA1Eccz+OqBzoNAZW0tcoMD8eT8WTycO1vU0bQXM9sWv8V2TOnYvju8x4xEJJ24rl5ByZNkNNS3TuvUeVDVlb4pBKpqyiTjF5OVJGR6SaISr5gjcAzfiit+C8Vj+4jzaFFt055MiZnOeSbnu2f8AAw+AexHXwA6yr3cc/xNraTtxnktAp4+fTpo6zW2yMhImDtl8fiZM2fE69nYh9+Ufkm0lHZjYmLwxRdfyGleO23aNCFj8/4v2iYBD1/njvtKwC+CSI93MgTqq6pQlJKC5PNnEbJsCbxHfQSJNaaqWsoikpi7CCl7jhiKh/PnIOnGdRRFRaKuUhMzdLLX5a0ul3ZnxhtXVhcjtygZj7P9EJFyVzyrHcO3Sbw2Y7Xp2EXVtcSTm3vCNyV5YegZQ7msub0RAj5y5IiEHTGml17NDFWiTZhOV+btzp07OHDggByKjY3FnDlzTNt0ziq00IFECdgcVd1WBJojwECQsqTHyHR2ROTaVfAdNwZu/XuDqmnxqmaIU5Ok7DF4gGTiSjh0AAUhIVaT/KP5inXPlhCgIx2TgtBjnhm8mCiECUOMIVVnPadKDLZf7Cmrr8bVagKmynjSpEl48uSJ6ZnTQevgwYMYOnQohg0bJuR77do103lu0HZM6dcoOVPdfPz4cSHkHTt2SOKOZhe8ZEdV0C8BR08pAi0QqC0uQrarC2J3bkfA5EkiEVMtLck/ejP5B9NidofbgL7wn/QJHu3bg0wPd1QV5LcYSXcVgbeLAHNc02O6tr7q7U7kDd291QRcU1MjCTb43bI9evQIoaGhSH1O4fGSkhKkpaU1u4SxaYwdjouLa3b8VTsmAlYnrFdBpecVgWYIVOflIS88HHGHDiJg6udiN2Z4k4tdV7j27WUId+reBa697eA36VNErFuDLBcnVKSno9GKCyo0A0F3FIEOgkCrCbgjzNtEwGoD7giPQ+dgpQgwgUdhWAgSTp+E/9Kv4DGwn0jFkqOayT+aHLgY3uQ5dBAi165G2o1rKI6JttIV67QVgY6FgFUSsCbi6Fgvkc7G+hGoqa1BeVKSeEmHfLkIXmNHi1QsHtVNaTG5zY/XR8MMTlznzqIgJhq1ZWXWD4CuQBF4CwhYJQGrBPwW3hS9ZadCoDQ1FWnMxLV5I7xGjoBrv95iJxYnLtqNKR337AH3AX0RNGcWYg8fQp6/H+or1KO6U70outivhYB1E7DagL/Ww9eLFYFXIcDaAhV5ucj29kL0ju3wmzwJbn16SoiThDexYIR9dzh3/xAeg/pL8o9HO7Yiz9sbpVlZ0NT8r0JYz3dmBKybgNUG3JnfXV37W0CgqqAQ+QH+eHzyuMGJa/AAg2TM5B+MNxbpuLt4Vnt+OgFhG9dLTuvSrEyw4IQ2RUAReIqA1RLw8HVumojj6XPULUWg3RFg8o+SR4+QePIEHi75El4jhoqNWPJSk4yppqZHNZ24Ph6O8OVLkHTrBoqjItWjut2flt6wIyJglQSsTlgd8VXSOXVmBOoaGlCSmIAnt28hYsUyeI8eKWFNUsGJaTGpqu7ZQ1TXLLXITFys4EQCr1Mnrs786nTqtVslAasTVqd+Z3XxVoBAdW6uqJ5jNm+E3wSWUzSENbmyalNvezjbdXvqxDV9KuKOHkGmmyvy/P0lzKkkNhYV6WmoKShAVWnp26pzbwVI6xStGQHrJmB1wrLmd0/n3kkQqMrOFg/pR9u3wm/KJLgP6g9J/sE81X2b0mJK8g97uA/sB6+Ph4vnte+EcfD//FP4Tf0cwfPnIGT+XESsXomYrZsQu3sHkk6flE+iowOyvDyR5+eLsuQklCUlSeKQqpwcMPFIXUU56srL1AbdSd43a1qmdROwOmFZ07umc1UEUF1ZKWQce+wIgufMEsJlSkwXSsR23UQypnRs+HQ1pMlsOmdMmWkMgTJVfGqKU2YmL5Zh5LfniGHwnTAWfp9OwMP5c/Fw3hdC3tFbNuHRzu0m8k65egUZDveR5eyE/KAAFIaGoPRxIioz0lGRm4t6zf6lb20bImCVBKw24DZ8I3RoRaCdEKgrL0dJ7CMknTmFh18uQsCMaQicPlVCmVhAwnvUx0LQjDV2tusKp67vS+1jQ0KQLnLMRMokcdqa6fzVVGxCiJ12ZxI4Q6WYSKR7Fzh1/9AwVpf3ZQz2d+vfR7J90T7NSlI+40bDhxL41M8RMOVzhCyYi4hVyxG5bjUSjxxCwuGDSL1+DRn37iLb3RVFkZEoioxAaUI8yp88QUVaKqoLClBTWAg6qzGNJ0O6tCkC5ghYJQGrDdj8Eeq2ImD9CDBeuKaiAnWlJajMzED5k2Qhs/ygQOQHBiDLxRkZD+4h7dZNJBw5hMRjR0WSjdqwVpy+AmdMReD0KfAZMxKew4fAg5/BA+RDAifBuvXtZUogYiRifhszfBmI2iB9i5TNghU9+TEkHXnlt313eAwZIOpzn7GjZD6cV+jihYhYuQzh69cidt9exO3bIz86Ui5dQNqtG8jx9ECOtxeKo6NRmpgo5F1fXSXEzXSh2mwXASVg2322ujJFwOYREMmyrg51JO+KctQWF4vUWZaVhcKoSBRGhAvBUcWcfvsWEo8fFe/r6M0bEbV+LSLXrETIgnnyYXEKqqx9x42Gx5CBIhFTimaSESHpJtU4pWn5kJh7GT6iDjfLECbnjWp1SeHZRezeTl0/AD+icqcNvE9Pg5Q/sJ/8cGCaT++RI0R9Tik8aMZUPDq8FxXZmTb/LDvjApWAO+NT1zUrAoqACYGG6mo01FSjOj8PlVmZKE9JQXF0FEoexSA/OAi5vj5Ic3XHk8uXkHLtCuIP7pfSjlEb1iFk4XyEzJ9jUJuPHwNKvkYSJYnT4Yx2aVGHk8y7Uf1tIGGjStyFBG1vJnmTmHs3qdOb6jbTnp1+745pzrphGwgoAdvGc9RVKAKKwFtAgNm9GuvrUF9dDaqNawoLUJqYgJLkZOQFBYpndqaTA1KuXkbKlUtIOHQQcXv34NGObYhYvhQPV69EwPy5CJo+VWo1M+82VehG+zXV3lSdGyXs6I3rUZ7ytBb7W1iy3vINImCVBKxOWG/wDdChFAFF4K0gQPKua2xEdXm5EDdDpmj7Lkt6jKIog1NX8tkzQsi0T1OSps2aSU5oC1f78Ft5bG/0plZJwOqE9UbfAR1MEVAEOjACrL/8cMFcsTtLRjEmNellh/BlS1CenNyBZ65TexUC1k3AmojjVc9XzysCioANIFBfWSkqbDpoUQoWabhHV/iMGYWUSxdRV1VlA6vsfEuwbgLWRByd743VFSsCnRiBkoR4hK5cbih00ctQfYpFL4IXzkdx3KNOjIx1Lv21CDg5ORllz0mgHhcXBx8fH8TGxjZDIy8vD46OjkhISGh2vKKiAo+YjL2urtnxV+2oDfhVCOl5RUARsFUEGurrkXrjGrzHjJTwKKM0TO/r5HNnUFtaaqtLt7l1tZqA/f39MXbs2GfI9NKlSxg5ciSGDBmCjz76COfPnxewsrKysGLFChw6dAjr1q2Dn5+fCcTTp09j3759rSZg2oC1HKEJRt1QBBSBTohAeVoKIlataJYBjM5aTPGZFxbaCRGxviVbTMAlJSW4fPmykO/o0aORkpJiWm1MTAzGjBkDLy8vUKr18PCQfvHx8bh58yY2btwofe/evYslS5bIdn5+PlavXo3i4mLTOJZuqBOWpUhpP0VAEbBpBBobJZe1z7gxJtswk4C4Dx4gCUeqn6OptGk8rGxxFhOws7Mzli9fDhcXF8ydOxdJSUmmpZ44cUKkW9MBAFu3bsXx48dx7Ngx7N69W055enpi/vz5sk2J+Nq1a+aXWLxtImB1wrIYM+2oCCgCtosA03c+2rZVcmEzfaak3bTrhoCZ05Hr4227C7fylVlMwJRUGxsbUVhYiNmzZ+Px48empW/fvh1Hjx417XPj1KlT2LBhA6iy/uqrr0CJ98iRI0LKtCFv2bJFVM8cs7XNRMDqhNVa6LS/IqAI2DACWW4ukpWLWbaEhO27SarL+AP7JEWnDS/dKpdmMQEbV0eb7qxZs5oR8KpVq3DlyhVjF/m+fv26EDAJ1snJCZs3b8bhw4dRXl4udl+qq8PDw7Ft2zbs378fqampza5/2Y46Yb0MHT2nCCgCnRmB6oJ8xO3fKwUoqI4mEZOQA6dNlrSaLHyhrWMg0GoCzszMfIaASaJUNZu3M2fOgMRsbLVNVT1IulRJZ2RkYOnSpWJLvn//PtauXYvq6mpj95d+qwT8Unj0pCKgCCgCUkWKpRRFGu5jqATl3q83onZuR01BviLUARB4LQJuqYKmrXf9+vXNlmOUbM0PkoRJtHTaioqKElV2PV3qU1MxY8YMkNwtaSYCVhuwJXBpH0VAEeikCNSWliD+6EG4DeormbSkMESPrgiYMglpLk6dFJWOs+zXIuCWKujo6GhMmDABdLKqqamBr6+veEGHhYU1W6mDg4Oom3kwIiJCnLm4TW9pknpBQUGz/i/aMRGw2oBfBJEeVwQUAUXAhEB+2EMEzpwOp+5dpAQiizswnWXMti0oTU839dON9kWg1QRM1fGkSZOeiQO+ePGihCJ9/PHH4Icxvg0NT60N2dnZEoJktPUyXGnPnj3Sb+fOnbh9+7Y4eVmyfBLw8HXuuK8EbAlc2kcRUAQUASn6EH/kkKHOsX1TcQems5wwDqzYVNdQoyi1MwKtJuCqqipQsqUzVcvGDFju7u6iXm55rqioqJnjFs+ThCk1h4SEtOz+0n0l4JfCoycVAUVAEXghAqx1/HDeHLjYdZOwJdfe9mDoUujaZVrq8IWotc2JVhNw20yjdaOqCrp1eGlvRUARUATMEaivqpK0lVJ7uKnUIQnZe/THSL5zFQ2tTA9sPrZuW46AdROwOmFZ/qS1pyKgCCgCLRAoS0xA2NIvTaUOKQ3TPhz21WKUxGpxhxZwvfFd6yZgtQG/8RdCB1QEFIHOhUBjQwNSrl4BpWFnO0MCD4YusfRhypVLaKjWUodt9UZYJQFrIo62eh10XEVAEeisCJQlJyFi9Qq49OxhsA336SkxxKFfLkLRo6jOCkubrtsqCVhtwG36TujgioAi0EkRaGxsQMa9u2ILfprOsjs8hg5C0umTqLcwWVInha/Vy7ZuAlYbcKsfuF6gCCgCisCrEChPeYKoDWtNMcOufXqKnThkwTwUhoag9Rn8X3XHznneuglYbcCd863VVSsCikC7IJDu7gq/TycYSh327WXIpjWgL2IPH0RdeVm7zMGWb2K1BDx8nZsm4rDlN1PXpggoAh0CgcqsTERu3SzSMLNniTTcoyuCZk5Dnp9fh5ijtU7CKglYnbCs9XXTeSsCioA1IkCVc7aHO/w//xTOjBvu21uSdzC39KM9u1BRaFkaYWtce1vO2SoJWJ2w2vKV0LEVAUVAEXg+AtX5eXi0ZwecB/UUb2ljqUP/zz9Djo+32oafD9sLj1o3AasT1gsfrJ5QBBQBRaCtEMgPC0LwrBkG23A/SsM94NqvN6K3bEZlTnZb3dbmxrVuAlYnLJt7IXVBioAiYB0I1BQVIeHQQbgP6m9wzqKTFhN4fDIGGe5a6tCSp2iVBKw2YEserfZRBBQBRaDtESgMC0XIgrmG4g59e8K1p8FRK3rTevz/9s78u4piXcP/1/3hrKUej+d6nRVEBEGBCAQCaAIEkSQgSAQZnRiiCAqEREBlJszzPJsAMgiEIQhhDCED311Phdrp3RlMTHboHd9aK+nePdfTX9Vb9VV11f3S0sQ/QBLfISkFWG3ASWxxenQREIFOR6CmosLOLphvW15/xQkxnbOKnn3KtvfsbhdWr+p08W2vCEmA24ukriMCIiAC/3AC5YcP2f4RGW4ISz5XYnKHTc8/Z0fGj7Vb587+w+k0jL4EuCETbREBERABEfibBKoqK+18/mLb+tabrhZcVxt+2g1veX7ZUquqqv6bV+58p0mAO987VYxEQARE4IkTuFlSYodHZ5obvINpDp9/zn1DfHjMaLt15uQTf74oPEBSCrA6YUXBdPQMIiACItA8gdqqKruw7Cfb3r2bc0tTG97w3L9ty5uv2ZmFP1h1ZUXzF+jke5NSgNUJq5NbpaInAiLQqQjcPXPGjmR97L4XjtWI//Nv2zdimJX/9lunimtrIpPcAqyBOFrzrnWsCIiACDwxAtSGS9eutp29e9YNZ0lt+D/P2Naur9vv38616nv3ntizPakbt4sAX7p0yWbPnm3Tp0+3mTNn2uTJk2379u2xOO3fv99mzJhha9eutUeP6ieyunDhgq1atcqqqqpix7ZkRTXgllDSMSIgAiIQPQIVl0vt+KfjbSMTOwQmd9g/LM3+3Lc3eg+cwCdqFwEuKiqyrl272ogRIywzM9OGDh3qxJbnPnHihA0fPtwJMsJcUFAQi860adNsyZIlVltbG9vWkhW1AbeEko4RAREQgWgSoCJ2ddNG253SJ9ZTesNzz9jmV160k3Nn2/0bf0bzwdv5qdpFgKn9zp07t9FHmzdvnqsZs3PDhg1OpFkvKSmxiRMnWk1NTaPnNbeRGrCmI2yOkPaJgAiIQPQJVJZds9+mfm4b/VzDL/yv66y1u3+KXd/d+ac6bLMA4z4eP3685efn2+7du23dunV29Wr9YNxz5sxxLmlMAQEeOXKkE91JkybZjh07/paFyAX9t7DpJBEQARGIJIGybVttb2r/ulG0EOP/PmubX37BSmZOt/sBPYnkw7fhodoswNeuXbOUlBRLTU11f927d7e+ffvagQMH3GMVFxdbVlaW7dq1ywnx+vXrbe/evTZr1iy3/9y5c3blypVWRSEmwOqE1SpuOlgEREAEokrg4a1yK/nua+eGdnMOu05aT9uO93rblc2bovrYbXpQiWIQAAAVX0lEQVSuNgtweXm5FRYWGh2tqA3fvXvXcnNzbdSoUfbw4UP3cCdPnrS8vDxXO66srHRCfOzYMfvll1+ce5q2YWrPLQ0xAdZsSC1FpuNEQAREICkIXN+z2/akDXpcG34877Cb6jDXysvKkiIOLX3INgtwYze6fv26qw3TyzkcVq9ebfPnz7eLFy9aRkaGIciIN67pO3fuhA9v9Lc6YTWKRRtFQAREoFMQeHj3rv3+bZ5tee3luqkOX3ze1j/7lG3t866Vrl5pj6o7x3CWbRZgarf0bA52ptqzZ48NGDDAEOJguHnzpo0ZM8bKysrs4MGDNmTIENcDurS01AYNGmQsWxJUA24JJR0jAiIgAslNoPzoEds/dLD7bthN7vD406WjY7PtwdXWNV1GkUSbBfjs2bPWs2dPmzJliuFW3rJli/Xp06dBr2g+NaJHtP8M6fTp05aenm4VFRW2b98+57LGfd2SEBNgtQG3BJeOEQEREIGkJVB9/56dy19oW7u8FhvOct3T/7JDo0ZabVVdM2eyRq7NAkzE+dYXMX3jjTesR48etmDBAudaDkLBHU3bsHczV1dX2/Lly23q1KmuTfjQoUPBw5tdjwmw2oCb5aSdIiACItBZCNwqLrZDmSOs6LlnbO2//se2duti1fdaVmmLKoN2EWAiR4erGzdu2O3btxuNK/sfPHjQYN/ly5cN13RrAgLcdcJmWy0Bbg02HSsCIiACSU2A4SzPF+Tb0Zwsu7p3j1lgZMVkjFi7CXBHRl4C3JG0dS8REAEREIFEEEhaAe4yYZNqwImwCF1TBERABESgQwgktwCrE1aHGIluIgIiIAIi0P4EkluA1Qbc/hahK4qACIiACHQIgaQUYA3E0SG2oZuIgAiIgAgkkEBSCrA+Q0qgRejSIiACIiACHUIguQVYbcAdYiS6iQiIgAiIQPsTSG4BVhtw+1uErigCIiACItAhBJJWgLvqM6QOMRDdRAREQAREIDEEklKA1QkrMcagq4qACIiACHQcgaQUYHXC6jgD0Z1EQAREQAQSQyC5BVidsBJjFbqqCIiACIhAwgkktwCrE1bCDUQ3EAEREAERSAyBpBRgtQEnxhh0VREQAREQgY4jkJQCrDbgjjMQ3UkEREAERCAxBCTAieGqq4qACIiACIhAswQkwM3i0U4REAEREAERSAwBCXBiuOqqIiACIiACItAsgaQUYHXCavadaqcIiIAIiEASEGg3AT5x4oR9//33tnjxYistLY2L+uHDh23+/Pm2bdu2uO3Xrl2z7du3W21tbdz2v/qhTlh/RUj7RUAEREAEok6gXQR406ZN1rt3b0tNTbV+/frZwIED7cyZMy7uv//+u2VmZtq6dessNzfXVqxYEWPy1VdfOWF+9OhRbFtLVmICrIE4WoJLx4iACIiACESQQJsF+NatWzZs2DBbsGCBi97Dhw8tOzvbJk+e7H7Pmzcvtr5+/XobPny4244wf/LJJ3b//v1WY4kJsAbiaDU7nSACIiACIhANAm0W4OPHj7ua7/Xr12MxOnTokKWkpFhlZaX98MMPNmXKFLePmnJGRoZR40Wgt27dGjunNSu0AXeZsMnWHbjcmtN0rAiIgAiIgAhEhkCbBXjLli1OVKn5+nD+/HkbMGCAXb161U6ePGmjRo2y4uJimzZtmv3666925MgRmzFjhmv7LSsrM2rRrQnUgF/O2WDLd16wOxVVcX93K6pMf2IgG5ANyAZkA4m2AfSnuqZ1TahBrWuzAG/cuNFGjhwZvKZdunTJuaX/+OMPtx3Bpb33559/NoSaGjG1ZFzSn3/+uX322Wd29OjRuGs096Om9pFNyD9qz2SusZeyi9zfi9lFxt8LWfoTA9mAbEA2IBtIrA38X1aRPT1yje0/9WdzctXsvjYL8L59+2zo0KFxbbmnT5+29957zwlx+O6rV6+2vLw8u3jxoo0YMcIePHhgu3fvto8++sju3bsXPrzJ35VVtbazuMz2lFx3f7tLyoy/XcX6EwPZgGxANiAbSLwNbD9xzcrv1Xt/mxSsJna0WYDpTBXs9cx91q5d60QZcQ2G27dvuw5afKbEZ0tDhgxxbmhqyvSgDn++FDxX6yIgAiIgAiLQmQi0WYBramosJyfHuaHPnj1rBw8etHfffdfy8/MbcFqyZEmstzTC/cEHH7iOWrif6R2NQCuIgAiIgAiIwD+BQJsFGEi4k8eOHWuvvfaadevWzb755hu7e/duHD/ahfnsiI5ZBNqCCwoKXMcs2oRxQyuIgAiIgAiIwD+FQLsIMLCqq6udEF+5cqVRdnzve/PmzQb7aC++fFmfEzUAow0iIAIiIAKdmkC7CXCnpqTIiYAIiIAIiEA7E5AAtzNQXU4EREAEREAEWkJAAtwSSjpGBERABERABNqZgAS4nYHqciIgAiIgAiLQEgIS4JZQ0jEiIAIiIAIi0M4EJMCNAGWYTEbrYoYnJpsIB0b/+vbbb62woNCCk1AEj2Oe4/Ly8uCmuHU+u+I+yRLo5c6wo3PnznXfeIcHTWH/unVrHbfVq9e4z8zCceM7b7hwrA9VVVVuSNLvvvvOTU0Jd4YsDQ/i4o+P2pJxzJctW+a4MM55eDQ3bKCwsNDZy86duxp9/HPnztmBAwca7GNKz4ULFzqmzKmdLKGiosJWrVrlmCxdutRu3LgR9+jshxXvetPGzW5ylrgDzIy5wnftqufFFxSMLcDsaswtztzjsGGyFz/kbfgaUftNnIgD8WZ6Vmw/GPhEc9GiRS6Ohw42njcwpn5jeRLbSEPMx37hwoXgZSO/furUKfc+ebd79uxp8LzEmX0Lf1xozDPQWOA8PnUNBsaoYOTFOXPmON7BfCd43JNclwAH6NfW1roEzUAijO41aNAge+edd1xm4g8js2Ub+/u9/66lp38YN4IXMz2RiN54440mMwaE96WXXnIZib9ulJd80z1x4kQ3vCiTbPTv39/NduXH78bQmWjDc+n17ts2adIkI6P1AWEaP368m6QjmPFQgHn//fetV69eNnjwYHfdTz/9NO5cf42oLRHO9PR098zYQ58+fdyANL5QxpLhVvu818fZS89e3Y3BaODlA5klc2j76Tv9dga04XpcF+bdu3d3mYnfH9Ulk6t8/PHH7tl5buKWlpYWyzixg3Hjxlnv3nVpDCZkkEGbQLDhGhxjHvFiGzywE66JvT311FNGgTjqgbRCfoKtEwfmTw9Ox4otEad+/VLcqIC9evewtWvWxhVOECLsADHy4ZFV2fKfl7rrcV14M6ogk+AkQ6Cghp1jKzx3z549nRj7NMKMeT4/7j+wn/UfkGLHj5+Ii9qGDRvslVdesb1798a2M87E1KlT3bgU3g7Jw+7cuRM7JgorEuDAW6AEihHs3LkztpXSNomGmg6lcNbXrFnj9lc8vGUZw9MtL+9b95vMlIwUgyEhhGuJHEQJbtiwodalSxdbvnx57D5RXqEmQqbHgCsEMksGXmHeZ8L+/fudOJ86ddr9Pn/hpPXt18+YKYuAmIwePdrefvttlzn7xMU+MhUyVgo/yRawDRj4RI1IUDihVkagIMY46X5Qmo1b1lq/vv1cDYWCGpORsL9r166uhuzjz/GMDEctzwdqkowc5+/lt0dtuWLFCvc+fSGEuPDczH5GoOZHGrp69Zr7fejoHmc7x44dc7/xkDBlKQP6hAsl7oDAPwbwgVEy2A4FVATBzxrHSICIMDU0whdffOHSRlVVnXeocNliS00d5LxopBcK/gg4tsK6D+Xl1yx18Pu2ZEmB20TapACbm5sbJ97++Cgtma6WtI/HywfSBAUrasXEhf3U7AkUNnInTbAJ4ye43+THs2bNcnltjx49zFcI2FlUVOSu470F2CPzDfh5690FIvBPAhx4CbzwP/+Mn9kC9xbiw8vGbUxmEnSPrlq50mWiuDcQnNmzZxvuwg8//LCBK4jSf07OWFux8lebMGFCo8N1Bh4nMqs8d3iYUOZ29jUU3PHhzHLqlCk2bfp0FwdchWQaZL4IMZx9oDBDjYgaAHxZJkvAvRy0BZ6bDIGZvwjUBH/55ZdYdGpram3IkDSXOcCATBfBoQbI6HE+YD/YGYPXkIHgXiMDQXyj6Ebzz80SO/EFDr+dEe/wfhDwjGAvwYBNYCMEWDCWPOdQY2kqcAyZM5l4MgRq9UG755mJHx4RCmPDhg1ztuDjcufWbedZYSY5mCLeFGRJZ8Fhfm/cvG2DBg+1ovXr/akuD5r+OO3FNkZwhYKTL6j5x8PmYYHd41KmVh8cqOno4SPWt29flxZ+++03V7BjXgE8TcFmHNJW2H52bN9h4z4ZZ7WPolPYlwD7N9/EkpIrYkkiWblypWVnZcUdeXD/fldrDrb3YjDUbIJtMZyPUfhaDeNn5+cvibtWsvxAkMn8fEZATYTaYDAsWrjQsnNygptcAYW5oYMZERmFdz/jFcDFFizhx10g4j8YCz0lJcVllLxvCmHhNq2xOTn2448/xsUE0fGizQ5qAYg3XGHz+uuvu1pjMvUZ8BEkgyUTpUZCGDNmjK1atdLvdsuZM2bEash+BzV+0l1joc4T1d8V6BrbnwzbEFNsBY8YBRZqt6dPn4o9em11tWWkp7vCSGyjmZu6lXZeH5iJdtuOXZaWNtgVcuCLB6GpEQn9eVFdkqeQbijYUvhAjB88qG/KKr140aUFPAg+UAjjnKAAkx+Rx5IOfSBP+vDDdKtpw/y9/lrttZQAN0ESVxGCSfuBb9wvLCywTz6pK8n7044dP+7EKCjACC8zPQUF+KefforLULKzsq1w6SJ/maRZkqFS2sS4fRvvpxMm2OJQYWLZ8uXOFRaMGJ24wgJMoYZEh/uf0i8ZL6JDqTaZAqVxpuD0Li4yBQphBw8diYvG5M8/d67p4MZgrZnt1O5o05o5c6ZzQSI4iDGZUbhDU/A6UVunyQLxxf3s3cSZmZm2vmhj3KPOzcuLK4Cwk45rTQnw4sX5ru9FstR+4yJr5jw9uFnpiEag6YKmr3Pn6ztPIRxZ2dmuMBY8H9dyUIApzJJmBqelufRGkwh5FuKVbIF4kfa925imr/T0DKt8WN9pE1Z4h4ICjGcoLMB4LnHx446n8EfnUZiPHv2R1dbW98F40owkwI28AUqPuMV4qUERpXfvqMxRZoH2yl07ttvA1FS7c+9+7Eq8fDpUlJbWtZni1sawcJ1Qs6Etonev3tbjna4NakOxi0RwhRoYifuzzz6LczNSi50za1bcE3+Xl2fjQoUV3NZhAY476fGPnOycpKoFU4ig3Z+arRcaXMXURLZu2hwXxY8yM23x4/Y6vyMswNu2bXMdUyiQ+IDXgVoSQp8Mgc4zdK7Bte7bPXluCm5LCwrjojApN9e+/LreBc/OpgSYa2Vn51hBQXJ6j+gXgDDQVu4DhXeauY4fqWsHZ3tVZaUNSUuzopD9hAUYsUK8Lz3un8G5tKmS/4SbAvz9orbEtmmaoP9EsLc/hYi0wWl2p/xW7JHPnzljffv2s3N/1OWt7PACTF+UYCAfxlP31ltvuaYhCirw82k0eOyTWpcAh8gjuJTSv/766zhXKYfR2zJt8GD78/r12FmLFy1yHXFqAqUqrkGC8m0XtOGQoZDRcl3+6IgyZNjwBi6m2IUjtkIPQ2r1wYzDPyLtdzk5dR2y/DY6Snw3r67zhN9GDZjCh++EhUghXkF3WY09sKEfpDV6H3+dqCyJB54NuITdw9RgqMHNn1/fker2rVvu2B07d8RFAZHCNnyg9k9mFCz84XnAZUnnlKgHahzYv++EF3zeL7/80qZNmxrbhA2MHDHSfl1RVxv0O0gv1F7CATf/wIEDkqqvAHGgtk5nIgQh/A7ZR56zMiDKeA8Q1uKS+AJXWIA3btpkA/r3t0eBT/voR0Fh3888F2YYpd/YNemEdx30IvKM2D8MSoqLY4+8ZfNm5wm6c7e+N7Pv6Bes9fMJX7j5h/452F+UggQ48DZwqdKGwucBJHRKUCxpp8HVQ1sE7leMBSOnAw09e337lr+UN5zS0Hdpfj9LXEVLl9d30Anui9o68aHmy+cPuOOJOwbuXfPspwaIELMPlzKfEwTdRMSJzwXg5zsSIWB4BBAwSvKwnjJtkqWmDogT5ajx8M9Db3lqecSLwpbnwqc4BGqycECI2IfnINgr2l+HAlkwY4APNggXeomXlJS4jJvOasH2c39+lJYUHmBCO36QiS9k8Z5hQkEOJhQ8+GKg7Fpdr2gfl2DHLb+NJaxh6Js/gvuivE58iScdDfk6wtsKzQsEvoggDVHIJx1QUB2TlRVLKz5udCyiFu0DaY/r0lxGmiw5ddyGj8iwiRNzYwVdf2zUlqR/micolPDZFHEh7vzh/aGmSs2Y/eQlCCy2Fe5vggCTVg4frv92muvxKSgFOa4L36B7OyosJMCBN8GnEHQEQlT5DIIXyB8Zhi+1Mn0iIvLqq6861wZux6CLjcvxwgcPGmSXmvkgPisrK9aJKfAIkVwlM33xxReNrv58BgEj5n6mTdK7SSmMUEOj7ZK2UNzN4eB7TgdFxJeA4Uxno4z0DDtz5mz41Ej+pkfqyy+/7LjAhD9+02OVgJDSyxV7wl5ou0JMwwERCgow+6kBUdvhmnBBkH2BJ3x+lH4zyIS3Fc8Em6DA6QtefHqDGxYmtBGHXYfEpykXNO2EFICj5Eb8K/7EG0ElvqQhbN3biu+USTqCHfkOaYsmMCoA4RCuAbOffIvmDq7frdubzlaSofZLAQ07IM50vvRcWJKfEDiGHvSkAZjRLyL8RQYC7PpbHIx3QWNniC5cqEnv2BHveQqzfRK/JcAB6pSqyeQoobL0f/wOfm7COiLblJGT4OgsEBSawG3cKsIT9W86/TPzDTSCEOTCb+LvM1WO5TgyDV+q9+f7JZkM8Q72TGQfJWFYc80gZ39eVJfExduIXxKH8Kds1IixF9q6GgtwC7vfOA5OnkuyCA7v3rPwS5jAIBgHGMEknJl6PqSNMEf2sb0p+/LnRm1JvMkPPA+/hEv4veMpYHtTHcxg0hgzn3dxfpBz1FgEn4eKC3lKMF/xbIJphfwBJhzXWPB8H1Q8aLDb21lU81oJcINXpg0iIAIiIAIikHgCEuDEM9YdREAEREAERKABAQlwAyTaIAIiIAIiIAKJJyABTjxj3UEEREAEREAEGhCQADdAog0iIAIiIAIikHgCEuDEM9YdREAEREAERKABAQlwAyTaIAIiIAIiIAKJJyABTjxj3UEEREAEREAEGhCQADdAog0iIAIiIAIikHgCEuDEM9YdREAEREAERKABgf8Hn2Bwbh1ksJcAAAAASUVORK5CYII=)
Chart 2: Enterprise vs. E-Commerce Revenue Growth
![](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAeAAAAEgCAYAAABsPKAhAAAgAElEQVR4Aex9B3RU17l11nrrz8rLS/KSl/6SvPTivCTP6XHiJI6xDS6AQPRiMMU2ptvG9N6baWr0JkTvIGnUhQSqgEAFAUKoIUBCqHeJ/a/9iTvMCAESGomZ0XfWEjNz7rnnnrPnDvt+/TPQpggoAoqAIqAIKALtjsBn2v2KekFFQBFQBBQBRUARgBKw3gSKgCKgCCgCisAzQEAJ+BmArpdUBBQBRUARUASUgPUeUAQUAUVAEVAEngECSsDPAHS9pCKgCCgCioAioASs94AioAgoAoqAIvAMEFACfgag6yUVAUVAEVAEFIGnIuDKykrU1dU9hF51dTUKCgpQUVHx0LGamppHHntoMIDi4mLcvXv3oUOFhYXIycl5qJ/XLi8vf6hfOxQBRUARUAQUAXtEoMUEfPPmTXzyySfIysqy2s+5c+fw0UcfwdXVFWPGjEFMTIz5+MWLF+UcHvvggw9w+vRp87HGb0iiO3fuxODBg9GnTx+sXr1aiJvjEhMTsWDBAqxcuRIHDx4ESZ2Nr59++inOnz/feDr9rAgoAoqAIqAI2CUCzSbge/fu4cKFCxg3bhz69euH7Oxs84Zyc3MxYsQIbNiwQUhyy5YtGDJkCNhPifXdd9+Fu7u7HNuxY4eQa1pamvl8yzf79u3DO++8g8jISCFUErabm5uQ7OzZsxEYGIja2lpZR2xsrJwaHByMtWvXSr/lXPpeEVAEFAFFQBGwVwSaTcBnzpzB+PHjhWQ//PBDKwmYpDlz5kyQpI02b948kVJNJhOmTZtmRY6LFy8GSbpxKy0txccff4yAgADzIUq9EydOREJCgkjYV69elWMk4xMnTqCqqgq81pUrV8zn6BtFQBFQBBQBRcDeEWg2Ad+4cQO3b98WiXbs2LHIyMgw743Sp5eXl/kz35BglyxZgk2bNokEa3nQx8cHM2bMsOyS91RvU+K9du2a+VhZWRnef/99kYjnz5+P8PBwIXqSclJSEvz9/UVlbT5B3ygCioAioAgoAg6AQLMJ2NgLSZI23szMTKMLJMb9+/ebP/PN4cOHsWrVKrHN7tq1y+oYJVfachu369evY/To0cjPzzcfooQ7efJknD17Voh5xYoVMuehQ4dw69YtLFy4UB4MqLLeunWr2oHNyOkbRUARUAQUAXtGoMUETLsuJWBLJ6xly5Y9JIXu3bsXJMt169Y9pG6mA1VTEjDnpI3ZktzpcT1hwgRQBc5Gz+j09HR5T0naz89PpOPly5eLmnru3LktIuG8okqcS7sDC+25PX9fujZFQBFQBBQBJ0GgxQRsSMCWKuj169eLVGqJCdXSHh4eIEkuXbrU8pCopZuSgO/cuSMETNWy0RjWRBV0SkqK0SWvdOIiiVNCpgc0SZ3N09NT/qwGP+bD8ehsvDkrELV19Y8ZpYcUAUVAEVAEFAHbIvBUBExnLEsvZoYVkSQNyZQSLD2fo6KixE773nvv4fLly7Jy2pJp57V0tDK2RO9mOmiRUI3GkKRJkyaBtmDLRq/q0NBQ6aL0u2fPHnnPhwF6TTe3+Z/NQZ9FYUrAzQVMxykCioAioAjYBIEWEzCTYDDkyNLrmHG4JMFhw4ZhypQpcpy2WfbX19eLLdg4NnLkSFBNbCTNYLzwnDlzzLG+jBnmGHpaM96Y8cAhISFWmw0LC8OiRYvMccAMTaK6m7HInCs5Odlq/OM++J+9gV4LQ5WAHwdSOx2rr69FVW0ZqmpK2+mKehlFQBFQBJ4dAi0mYGaoOnLkCKgutmyUXo8fPy7xuMeOHRPVsHGcJOzr6yvH6JxlmSmLkvHGjRsl85Uxnupt9lGSZfhR4xYREWH1AMDjdMKixzVJuCXNLy4HvRcpAbcEs6cZW11TjpLKfOQXpyP7TgKu3TqD5CwTzqcfRnTqToRcXAe/c4txIGoSdkeMQ8L1I09zmQ51DrO/MfaeD6M06fCPD6JFRUV2iwMfnrnOkpISu12jLkwRaC8EWkzA7bWw9roOCZgq6Lq6BzHM7XVtR74OpdXq2gqUVRaguPwmCkozceNuEq7dikJi5knEXvVBWJIHfM8uwuGY6dh/+iPsjhiLHWEjsTloENYH9IGbbzesO/km3Hy7wt2vO9z9XODp3xMefj2wIaAvcgouOjJEbb52+kf8+7//O/70pz9h4MCB6N27N2juafxw3NRCUlNT0a1bN4kgaOp4W/XxIflvf/ubhDO21TV0XkXAURBQAlYJuMl7tbyqEHdLs3GjIAmZ+WeRlOWPs9f2I/rKToQmucPv3BIcjZ0lpLo9dDjWB/TF+oDe8DLxrxc8/V3hQTL17yHESnJ98EeyNf5cZAzHrzf1ljk2BvaDm183BF5Y1eTatLMBAcblf//73xftT2NMLJPi8D01VEbje/ptfOMb38ClS5dEW2U5nnneDRORcY7lcZqW+Nmyj+/Zb9ksjzc+ZjmOGjFGOzRuXGfjdTQeo58VAUdGQAk4/kaHUEHX1FWioroIhWU5uFN4DbkFKUi/HYPETD/Ep+3HqeQNCEhYiSMx07H39AT4nBqNnWHvYkvwEJFYKZmu831L/hpLrCRPg3QbJFiSbXchUZ7D8ZRoNwcPljn3Rk7AwajJOB43G/7nlyIsyR2xV3cjNScEUanbZaynyRVbgt9GXnHTKUsd+Udnq7UzJO+nP/0poqOjH5qSedGZDpYS54svvoif//znoqomudKE87//+7/4f//v/+GXv/yl5G83CJAx+q+99hpef/11kZANXw/203mSWeeee+45MLaf/hrDhw+XEMR//etfMhdj9g2yZQgis+DRQfM3v/mN5IenmYrSOsmV5izmFOC5nTp1wrZt28z7YBgj+zp37oy+fftapb41D9I3ioCDI6AE7MAScP29OtTV16CmtlKkVdpXM/LikJIdgHPph3H60laEJ62H6fwyHIubgwNRnzSQasAgePr1hKd/D1H5kjQt/yi1yp9IrYak2s2sKuYxEi5JdVPQQCHWrSFDRBomsZrOL0doojuir3jjQsYxpOYEI+N2HG4UJOJOyXWUVRWgpvbhiln8LXEveyLHiQRNEj+Vst7Bf2Jtt3wmrPnud78rudPXrFkjBGsUOiEBf/7zn8ff//53CQWkT8WXvvQlcWikVMkogq997Wvw9vY2+00wp/qPf/xjMLUss9Ex2uH3v/89aGumX8fnPvc5dO/eHQcOHJCoBuZi/8IXvoBXXnlFohC2b98u1+C12EjWn/3sZzFq1Cg5nzkE+EDwwgsvyHGGJ/7617+WEMO4uDhzkZajR4/iJz/5CU6ePCm+Hm+//TZeeuklM7G3HaI6syLQvggoAd+3AdtTHHBdfS0qa0rEtkoJkGrg67djcSk7SJyWTqduRUjiOlEB7z/zEbzD38P20GHYFjxUCJGqYBIqJc8GCbQb3P34171B3WvqCUqYBuk+IFsXkVrdT3bHRlN/bAsdhj2R43HgzCQcj5vbQKxJBrEex+UbYcgpSEJBaQbKq+6K9zKJtf5e62KqL2acgIefi6ikuYai8tz2/VU4yNVY6IQqaNpUe/Toga5du0rsPZdPZ8TvfOc7EgpobOeNN94QUuRn2oApPVtmnaM0SzsypWSG/cXHx8scjMunE+U3v/lNc6gh56DjIx8AmKXOaMxkR9JnIwH/6le/slJVMzeAcZy5An72s5+JGtw4n68keYYx0nmTDwtBQUGyDqrLtSkCzoSAErAdEHB1bTkuZBwXmydVssfiZuNg1CfwiRiNrSFDQZuoQaC0o5KcSJoGgVIFzPfsa7CtUlrtZlYX85iogIMGynw7wkZgZ/h74nF88uwChFxci6jLO3A2/RAu54Yj41Yccu8kIa/kGkor80V1fa+VpNqSHw3tzz6nxsieuO/IlO0tOb3DjKUT1g9+8IMmVdAM76Pa1yheQpUvVcuUatlI0D/60Y+sCJUq31/84hdCwiRBqqGpqmYVNEY+kOgt4/GZl/13v/udVX3uWbNmyTm8BkMCWTnNstFrmypng+QpHZOkBwwYYF7rn//8Z5GM+TDAdXDd3EtLIxwsr6vvFQF7REAJ2A5U0FFXdpjJ8oF9tcErWKRTK7J9WF1s2Eu9w98X2+qJ+HkirdKueyZ1G86lH0LqjVBk5p1FfvE1lFTmobauStTX7UmsLfkBRKXugru/CzxNPbErfBTKqu625PQOMZa50KkyPnXq1EP7JQFTvWtIjZQm33zzTYmt52BKrSRgqoWNZnhRM4yJ9mVWJyNR0pmKiW7+8pe/WIU48bq//e1vJSe7MQeT5tArm40E3KtXL+OQvFICfvnll62crpiCliRrSMa0+7IqGtfBhwxjHdyDNkXAmRBQArYDJ6zoyz5Yc6IL1p58HW4nu4r9c2PgAJFW6QhFaZCOUfQ6NiUsQ8SlTTh37QCSswJx/eZZ3Cy8JLZVqmorqotRW1ft8PdoaeUdUFKnV7W7bzecvXbA4fdk6w1QBU0SZRpWEibJin8kTdpnKVlS1czGvi5dukhJT36mVEsvaKqWmV6W5MZiJt/+9rflXJIeM9pR8iUB0y5MYrWMMSbJf/nLX5bEORxLsucDAYmXjdKwq6urvDf+YapYOoVxzs2bN4t6mTHBzH5H5y422qcp2VP1TYmbc9MuTClemyLgTAgoAduBBFxRWYoL148j5qoPzl89iORMk3go595NQWHZDSFVZ7rpmruXiJSNonr3MrmKg1dVbXlzT+0Q4xjvS7vs9773PZFEKY3yjylhSbBUHxsSMMmLKmZKlmy0rdK56T//8z9B2zA9lxkORE9nkjDn+da3viUqa5I3CfgPf/iDVfwuHb6osu7fv7+oorkWvjeSbEyfPl1s05ZfBsnVkHTpSU3vbK6TTld8GGDjwwTXxnXQCYx2buZ9VwK2RFLfOwMCSsCaiMNu72Mm99gW8k6Dw5ivCxKvHbfbtT6LhZE0KSVSEmW1MOOPRMo/kq8RXkSJk57NVFsbjSRM7+PGhU4oNXMukrjRSIrMWmdJgrQBk5SpxjbWYYznK/uN/PBGf15enlUfS5AyZ3x2drYxxPzKlLJcB+fWpgg4IwJKwHYgATvjjWWrPdHb2/DeZogT45m12QcCzNH+wx/+0IpQ7WNlugpFwDEQUAK2AxuwY9wqz2aVtG83pK7sDS//Xrh6M/LZLESv+hACTMTB1JescKZNEVAEWo6AErBKwC2/a9r5DP9zS0UKZuKQI7EzUVtvnfKwnZejl1MEFAFFwCYIKAGLDVirIdnkbmqjSTLyzkrxhvWmXvAK6I3rt2Pa6Eo6rSKgCCgC7YeATQiYjhn0aPzoo48k+43heWlsgzlfGX7AJADMfvM4lRWdNFauXIkJEyZIqTU6fxiNXp+cZ9WqVRIqYfTTwYTp8Zh+r6VNqyG1FLH2H8+Um0xOwgQktAczeQj7tCkCioAi4MgItJqAq6qqwDy0gwYNkvg9kuOwYcMkjR2BoRfm1KlThXwZhM9A/XHjxll5YxoAMq5x7NixYEJ3juV7hh/wGiRZxgoyYTsTxJPsjSw/9NacOXOmVVo9Y84nvWo94CchZB/Hr+SeksxYLGO4MbA/bhVeto+F6SoUAUVAEXhKBFpNwAwRGDx4sFU+WAbNswoK4weZL5ZEatQoZYA/yXP//v0PLZlB/yRoI3SCCQIYl8hQBJIwJWhDumaMIRPEs61evVrGPDRhMzr81AmrGSg9+yHM3HUwasr9dJsukrbTXrN4PXu07HsFDE2yDIey79Xq6hSBtkOg1QQcEBAgEq3lEkm2JFK+skLKihUrLA+LFMtE7ZaNEu6SJUuwZcsWy27po9qZpDxx4kRzbCITCjARAKVfqqyftqkE/LTItf95SVlBooJmdqxNgQNwq7Ahy1P7r8Sxrsh43Pnz58vv58MPP5TfH009z6Lxd85Uk9RsaVMEOjoCrSZgEiBDERg0bzSWEaNUzLR1zHxjWeeTYyghz5492xgur/xhMnUd645aNqaro4qbjceo4mbqPaqjWcmF5J6WliZB/5S2LW3GlvM86r3agB+FjP31V9YUY+/piaKKZrEJZsrS9ngE6JvBikUscMAKQ6wRzFSQ7UWAc+fOFeI3VsnfOas2GekqjX59VQQ6IgKtJmBm4yEZssg2X5cvXw4+ZVN1TOcrFuXeuXOnFbYsyt3UD5CkbKiVjROYn9YgYPYxxy0JnKrssLAwyV/LDD0kYv5nwzU8zsnLmNd4VQnYQMIxXhOuH5MiDfSG3hb6Du6WPZxByTF20varZMEF1uvlb8KykQSNzFPMAW2YfJh3mWkkedxo9Mvgn2Ufs2xZFkbg/wGWGbJ4Ln/7PO+dd96RqkrMUc35OU+3bt3MWjE+MFvOZVxXXxWBjoBAqwnYAOnw4cPiPEWVM72RaaNlIW+qlGmjtWwk5KYImCpokqhl438ebm5ull3ynj9wOl7dvn1bvKWN86iObkz4D51s0aEEbAGGA7xleURWfWIFKA/f7oi9ZH2/OMAW2m2JLPH36quvPvZ6JEk+PPP3yLzOPXv2FH8LEialZWa6Yp5mVjBiKks2arf42zMaH7ZZj9ggYT8/P8n3TGfLr3zlK/jiF7+I//u//8P69evlFFZdGjp0KFh/mLmgX3rppYfSYRpz66si4MwItJqA6UyxceNGs5MVwfLx8RF1Mt/TRkyJ2KgjSscs/nh37979EK48j6ox44mYUi7P5Q+6cdu7d6+ZaBcvXizJ4jmGhN/4ib/xuZaflYAt0XCM97FXfRpKFfr1hE/w+yipuO0YC2/HVVKSZTEFPtSy8XfHsn90gMrJyTGbavgb++UvfylVlegYyYdnSrQk5RdeeAFMN8mcz2+99Rb++c9/ym+Tmqrnn39eHrBJuqzV+2//9m+SK5rXGjlypJA3NVEkdNp84+PjpVITj7PGLyVz1gam2YjFGfr27Svr1H8UgY6EQKsJmN7JDBuipzNtv1QZ88mZPzg22oHHjBkjT9g8vmzZMowYMUJKoPFcf39/MCE7G3+wDGGiGptjaROm5zOlXcvGJ3E+sRv2Xm9vb3h5eUmFFzqbBAUFWQ5/7Hsl4MfCY5cHWSFqW+gweJl6iVMW6x1rs0aAhRYofTKcj42/FdpeSZYsQ0gJlI0EzGpES5culc/8hyTNCkQ08RiNBRtI6Ew/yfA/SsbsI6n/9a9/lTlYMYkqZtqb6TjJxogHkrnReJx1iSkdG41EzHOMKkpGv74qAs6OQKsJmABRDUzS5I+aEmtCQoIVbiTWBQsWSIkxkjVttmyUivlDNMqQsY8/bqqvWY6MJMun9caNSTcCAwPN3SR5Ej8lX/4nwKf95jYScJ9FYaire2D3au65Ou7ZIXAmdet9j2hX7IkYj8oqLVVo+W3wN/DHP/5REtqwn1olkiUdFll+0KjTy9/OX/7yF6uwwIiICHzpS1+SOrzGnHwI/tnPfgaamtgoDdPUQ5MTnbuoueIrnTJZh9iogsQH8z59+hjTmG3ACxcuNPfRSfPXv/61hiaZEdE3HQUBmxCwAZalo4bRZ/n6qONN9TfVZ8xlqKiNz8YrnUNa2lQCbili9jG+oCQTW4IHw9PUS7yiL15/2ExhHyt9dqvgA+zXv/51qxq+XA2JkjZbNhIrCXjPnj3mhTLunnZbyzKFJFTOxdKBbCRc1v7lgzL9L6iqpoRNr2djbo6jfZjjLBudsCzDEKm9Yv1hI1eA5Vh9rwg4MwI2JWBHBEoTcTjitwaRpAIT1sDDrzs8/F0kSUd1XcsfwBxz981bNT2dqXJmzd7Q0FAx9TBc8G9/+5t4JnMWEjCP04xjNDpm/elPfxK7LxPfUGNFKZZ9hpqYvh1USZM4qZZmPyVukrSlDwZV0OzndRmPzAdr2pMtCZhqckrADCvUpgh0JASUgLUaksPe77eLrmJT0ACsN/WGp78rrtx4YLN02E3ZeOE0/zBN7He+8x0899xzEhPcpUsX8b3gpaiCZlwwTTeWjarkf/zjH/je976HH/zgB+I4ZZlrnYTL+UjwhoMlQ44+//nPg9nxjEaTEm3M3/72t83hhHTMslRB0wZMklYJ2EBNXzsKAkrAagN22Hud0pTvucViC/bw74HjZ2ZB01M2/XUyrSulWeZRp5ez0WgrpmTalPmGTpKUfvnXlEmIERD0/zAaHbqM+GKjj68kVs5BsmfjeZSyjUYy5/oeZVoyxumrIuBsCCgBazlCh76nM/POYkNAH/GI3hDQF9dvxzn0fnTxioAi0HEQUAJWFbRD3+0s0nAsdvb9Ig3d4XducZPSmkNvUhevCCgCTomAErBWQ3L4Gzvt5mkwNeX6ABZpGIjcu5ccfk+6AUVAEXB+BJSAVQJ2+Lu8tq4aB6Mmw9O/B9z9XBCQwOpbGtft8F+sbkARcHIElIDVCcspbvHkLJOEIzE71pbgt3G7MM0p9qWbUAQUAedFQAlYJWCnuLurasqw9/R4kYIZGxyWuMEp9qWbUAQUAedFQAlYbcBOc3fHpx0SFTTjgreGDEFxxS2n2ZtuRBFQBJwPASVglYCd5q4urbgL7/BRDaUK/VwQddm6DrWzbPTm3QpcymqIqXWWPek+FIGOiIAS8H0bcG1dfUf8/p1uz9GpPnDz6yok7B3+nlOVKqysrsOxM+noMT8ES/ay4Ines053A+uGOhQCSsBKwE51w7NU4Y6wkZKYw8PPBReuH3OK/cVdzse7a8+g29wgbPS/jLyiSqfYl25CEejICNiMgJni7ujRo/Dz80NeXt5DmMbFxeHgwYNSgJtFvB/VeOz06dNgyUGeY9l4jEnlDx069FDi9sTERCm1Zjm+Oe+1GlJzUHKsMREpm0Dy9fJ3xe6Icaiodlx1bcbtMszdlYDXZwZitvd5pN8scawvQ1erCCgCj0TAJgRsMpmkFvCwYcMwePBgqQl8/fp1uShzyLJWL/uHDBmCAQMGYO3atVb5aI3VMUftmjVrrMay3igb52HCeCZx379/v9QXNqqnkPA/+eQTq/JpxpxPetVqSE9CyPGO3y5Ow+agQSIFe/r3RHKGyeE2UV5Vi02mK+g+Nxgj1pxGzGWtFORwX6IuWBF4AgKtJmCWMxs3bhx27Nghl2JCdtYEXblypXxmTdGhQ4ciPj5ePrMsGYmaUm7jFhkZCVZUYQUVNo7hZ0rXTAw/YcIEKX3GY5MmTUJgYKCMI0lTKn6aphLw06Bm3+fwYS0kcZ0UafD0dcGRiCmori2z70WbV1ePwHM5GPppJHouCMGe8HSUV9WZj+obRUARcB4EWk3ArHQyevRohIU9KAXHAtvr1q0TlFise9GiRVaIubm5YenSpVZ9/EDp193d3ap//vz5IMFS/UyiZ0UXtlmzZiEoKEiqr8yePdtcacXq5GZ8IAH3WRSGujrNnNQMuBxmyI27ydgY2F/SU7JS0pXccLtfe2p2EaZti8frMwOwZH8ibhVqfWO7/9J0gYpAKxBoNQHz2sHBwZg4cSJIrCzGTXVwZmamLItEzHqflo323ZkzZ1p2yXsW6aad2LJ5enpi9erV0kVi37lzp5Q2mzJlipAv1duGNG2UO7M8/0nvVQJ+EkKOe9z//DK4+7tIco6jMbPkIc4ed5NXXIk1R5KFeMd5xeBC+l17XKauSRFQBGyMQKsJmPVE6Xg1atQokBRJxB988IGojbnWFStWgFKwZfP19QXJ1rKxFujUqVPBY5aNqm1Kxmzl5eUy16pVq8CC4ZSGOT/ri5Lkly9fLnbipmqbWs5p+V5twJZoONf7rPzz8DK5ihTsZeqN9FuxdrXBqpo6HDmdjj6Lw9B/SRiORWehRsPh7Oo70sUoAm2JQKsJmIW2Sb58Ndru3bvFEYtq4/Xr18PDw8M4JK979+5tUgJesmQJeMyyUYKmVN1Uo2R88eJFccridejERWI/efJkU8Ob7FMJuElYnKKztrYaR6JnSY5oN9+uoERcf6/9YmdLK2tRXF7TJJYxqfkY7R6FN2YFwv34JdwpqWpynHYqAoqA8yLQagIOCAjAmDFjrBDKzs7G8OHDQQetw4cPgzZay0YJlqrlxo0qZh6zbNOnT3+IlHmcNudly5bJ0MWLF5udsDZv3vzQHJbzNX7fYAMOhSbiaIyMc3y+eiMKlH5ZqnBDYF/cKEhqt43tCr2GhXsuWF0v/VYJFu85jy4zAzFt21lcynbcECmrjekHRUARaDECrSZgeijTU3nTpk24ffs2MjIyxEGKzlNsOTk54vXM0CGGC5GwBw0aBMbtUn3NPkNlnJSUhLffflu8m9lPaZhzZ2VlWW2srKwMnN+Quum4ZYQrUSr29va2Gv+4D+qE9Th0HP9YdU0lDpz5BAxHoj046EKDP0Fb7ywzrwy9Fobi5Sn+iEm9jYqqGmwPSsNbc4Iw9NMInLqY09ZL0PkVAUXAzhFoNQFzfzExMRg7dix69+6N/v37g1Kr4YTF4yEhISIR9+zZU+KAjxw5IrCUlJRIiBJtyEZjMg/GDHPsiBEj5FzjmPHKeGBKukYjEVNyZh/Dn2gTbm5TFXRzkXLccSnZgaAntKeplxRpyCtqCHNrqx1Rm8LkGS994odO00z4YE0YxrlHwmVeCHzCGFb06EQ0bbUmnVcRUATsDwGbEDC3VVhYKE5RjOFlzG7jRumYMcCW0iwdrzj+7l1rr09KzRzLc5pqN27cMEvNxnFKzHwQoNq7JU2dsFqClmOOLa8qxO7IcfA09YTHia6IuLC+TTdyPCYbnaaaRM385qxA/OMTP4zxjNawojZFXSdXBBwPAZsRsONtvWHFKgE76jfXsnWfu3ZIpOD1pl7YHjocReU3WzZBM0ffKChH38Vh6DTVXxys6GT1ylR/DF8didLKph2ymjm1DlMEFAEnQ0AJWBNxONkt3fR2yisK4B38oEjDmUsNmduaHv10vQwrmuN9Hn/96CRemWaSv5en+uNfk/3wx/HHsXRfImpq288L++l2oWcpAopAeyGgBKz1gOwaMncAACAASURBVNvrXnvm14m+4g03326iivYOG43SigKbring3A1Q5dx7UShGuUVJ9aLJW+KxYPcFzPNJwI7gayitUCnYpqDrZIqAAyOgBKwE7MC3b8uWXlx+CztCh0utYHe/bjh7bX/LJnjCaMb85hdXoaisWhytyiprReKtv3cPmuj0CeDpYUWgAyKgBKwE3KFu+9AkTynSwAxZuyPGorpW6+p2qBtAN6sI2BECSsBKwHZ0O7b9UvKKM7E5aLAk55BShVn+bX9RvYIioAgoAk0goASsTlhN3BbO3HUPQQnr4ObXDR5+LjgQ9Qkqa0qdecO6N0VAEbBTBJSAVQK201uz7ZZ1oyAZm4IGihTsZeqFtJtn2u5iOrMioAgoAo9AQAk4/oZ4rWou6EfcIU7a7X9+qcQFe51wwYmo2ai/p9mpnPSr1m0pAnaLgBKwSsB2e3O25cKu58XCK6A31pt6Y0NAX2TcjmvLy+ncioAioAg8hIASsNqAH7opOkJHXX0NjsfNFY9od7/u90sVqhTcEb573aMiYC8IKAELAWs5Qnu5IdtzHZdzwuDp74r1AX1ECr6Rn9qel9drKQKKQAdHQAlYVdAd9idQW1+Dg1FTpFShh78LAhPW4J5mzOiw94NuXBFobwRaTcCs5cvyfzdv3pRXvucfKxmx3q/RWMOXVYxYNelJjRWNOJblChs3zp2WloZ7jf6n5PwtrYTEubUaUmOEO9bnxMwAuPt2E3sw44NvF17rWADobhUBReCZIdBqAo6IiEC3bt3Qo0cPuLq6olevXvLXr18/IWXuLDY2Fu+99x66du0q9X+DgoIeuWHWDh46dKiMfffdd+VcY3B8fDxmzJiBZcuWYefOneaShCx/uGDBAilHaIxt7qtWQ2ouUs45rqK6CHsix4sUzNjg06lbnHOjuitFQBGwOwRaTcClpaVSB/jy5cvg36VLlzBx4kSsW7cO1dXVIgkPGzYMW7ZswZUrV3DkyBEMGjQIiYmJD4GRkpIixw4ePChjt2/fjuHDhyM/P1+k6WnTpuHUqVNyHq8RGRkp7wMCAuDu7g7WF25pIwH3WRSGujrVPbYUO2cZfz79MDz8eohH9NaQoSgqz3WWrek+FAFFwI4RaDUBN94bJeJZs2aBxMx26NAhTJ8+3Yocly5divXrHy6KvmnTJixZssQ8JQl18uTJOHr0KMrLyzF69Gikp6fL8Tlz5uDkyZOipub1rl17OtWhSsBmuDvsm5LKPOwMew9MyuHu1wPRV3d1WCx044qAItB+CNiUgCmpvv/++wgLCzPvwNPTE25ububPfLNr1y4hZatOAIsWLYKPj49V9+rVq7F27VrU1NTIOVRf19bWipRNidnX1xd79uyxOqclH9QG3BK0nHds7NXdDaUK/Xti16nRKKnMd97N6s4UAUXALhCwKQHTLjtlyhRUVj6oMEOJ1tvb22qzJ06cwNy5c636KO1OnToVfn5+Vv07duzAmjVrpI/OVytXrsSKFStw/Phx5ObmCmmT+IODg+Hl5YUzZ1qWVlAlYCu4O+yHgtJMbAsdJlKwx4luSLhysMNioRtXBBSB9kHAZgRMFfGECRMeIlBKrxs3brTaDW28tOdaNno1z58/Hzxm2TZs2IBPP/3U3EVP55ycHPlMcqb9lxL3qlWrxP7MOeLimp/VyLABaypKM8Qd9k14sicYjuTl54p9ERNRVVvWYbHQjSsCikDbI2AzAqan8/jx48VhynLZdKRavny5ZZcQ8uLFi636+IHq5sZkzXGbN29+aCwdvmbOnCmOXiRoQw1NKZgOYM1tSsDNRcr5x+UXX8PGwP6SmMPTvwcuZvg6/6Z1h4qAIvDMELAZAdOu21itzF2dO3cOI0eORHJysmwyKytLQpIYbtS4UY1MG3J2drYcoqf0iBEjcP78+cZDhWQNj2iqpHfv3i1jaHOmR3Rzm6qgm4uU84+7h3oEXVwDN7/uIgkfODMVNbUPzCnOj4DuUBFQBNoTAZsQMNXHjMNtivho26UTFmN7P/zwQ3lduHAhGLtLT2l6SIeHh8ueaTumIxbDljh28ODBcq5lQg8OpCMWbct0xmIjmVPKjomJAb2jU1Obn1JQnbAEQv3nPgK5d1OxKbChVKGnf09cyX3gUKggKQKKgCJgSwRsRsCURpOSkh65NpImQ48YB0zyZWOcMB20EhISzOexj05aHOvv728VvmQMoqOVEY5k9EVHR2Pbtm1NxhcbY5p6VQm4KVQ6bl/9PeB43HyJC/bw74EjsTM6Lhi6c0VAEWhTBGxCwG26wjae3LABayKONgbagabPvpMAL9P9Ig2B/ZCZf9aBVq9LVQQUAUdBQAlYizE4yr3abuusravC0Zg5cPfvLrHB/ueXoO6elipsty9AL6QIdBAElIDjb6D3Ii1H2EHu92Zv80pOJLxMveVvs2kAbhU036+g2RfRgYqAItChEVACVgm4Q/8AHrV5Ov4ZpQo9T7ggJGHto4ZqvyKgCCgCT4WAErAUY1AJ+KnuHic/KTHTDx5+LiIFbwkZgrzip8s37uQw6fYUAUXgKRFQAtZqSE956zj/aZXVJdgbOQH0hnb3646IFOuMbs6PgO5QEVAE2hIBJWBVQbfl/eXwc8en7YW7SMG9sC3kHdwtuenwe9INKAKKgH0goASsTlj2cSfa6SrKq+5i16lRDUUa/FwQlWpdrctOl63LUgQUAQdAQAlYJWAHuE2f7RJPp3jDzbcrPE2u8A7/AKUVd5/tgvTqioAi4BQIKAGrDdgpbuS23MSdkixsDx0GT39XyRF9IeN4W15O51YEFIEOgoASsErAHeRWb902w5M8xRbM/NB7I8ejorqwdRPq2YqAItDhEVACVgLu8D+C5gCQdzcDm4MGYX1Ab5CEk7NMzTlNxygCioAi8EgElICVgB95c+iBBwjcwz0EJ64VWzDDkg5FT0V1bdmDAfpOEVAEFIEWImAzAmZ1omPHjuHw4cNgzd/GLS4uDgcOHAArGbF84aMaSwxyDMeePWudBL+mpkZKDx49ehR5eXlWU7B2cGZmplVfcz5oNaTmoKRjiACLNGwM7If1pt7w8O+JqzcjFBhFQBFQBJ4aAZsQcFRUFIYPHy51fN9++215JeGysR4wywQOHDgQQ4YMwaBBg/Dpp5+CtX8bN5YpXLt2rXks6wFv3rxZhpG0Dx06JPWCDx48KPWH8/Pz5RjJ+OOPP8aVK1caT/nEz1oN6YkQ6YD7CNy7Vw/fc4slMQczZJ2In4f6e/WKjyKgCCgCT4VAqwmYJDh+/Hjs27fPvIDVq1djzpw5IulSMiU5k6TZkpOT8c477+D06dPm8cab8PBwjBgxAikpKdLFMUOHDsXVq1elhvDYsWNx8eJFOTZp0iQEBgbK+507d1pd35ivOa8qATcHJR1jIMDShAxHWh/QR/4y8uKNQ/qqCCgCikCLEGg1AZ86dQpTp04Vsr127RouX76M4uJi3LzZkDHI29sbCxcutFrUunXrsGzZMqs+fqD06+7ubtW/YMEC7Nq1C1RNk4DT0tLk+PTp02EymZCTk4NZs2ahoqLC6rzmfvDTRBzNhUrHAahhqcLYWeIR7e7XDb5nl4KSsTZFQBFQBFqKQKsJeP/+/UKwa9asQf/+/dGjRw9MmzYNt27dkrW4ublhw4YNVuuifXfGjBlWfVRVU2qmetmyeXh4YMWKFdJFct6xY4eomqdMmYLs7GxRb1NyZisqKrI8tVnvVQJuFkw6yAKBK7kREhNMW/DGwP7IvZtscVTfKgKKgCLQPARaTcA+Pj5CuiTK27dviyPURx99hPnz54v9d/ny5eAYy+br6yvHLfto4zWkWst+Ei5JnK2srAyUqFetWoULFy7g0qVLQs68Lm3FK1euFGm5Kfuy5ZyW79UGbImGvm8OAlVVFdh/ZpKEI7FIQ0jiuuacpmMUAUVAEbBCoNUEvGfPHowePdpq0oyMDLz33nsoLCwUYvTy8rI6znNIto0b1c08ZtkoWZNYm2okYtqEKYV7enqCNVwXLVqEEydONDW8yb4GAtZyhE2Co52PRCApIxDu/t0lR/TWkCG4U5LxyLF6QBFQBBSBphBoNQEHBwdjzJgxVl7NDEMaNWqUqISPHDmC2bNnW12bUrEh1VoeIFE3JluqsxuTMs8JDQ3F0qVL5fTFixdL2BI/UN1NYm5uUxV0c5HScZYIVFQVYU/keJGCmSf6lJYqtIRH3ysCikAzEGg1AZeUlGDixIkSFkRVMEOB+Jme0HScIhkzNIlSKsOF6DjFUCR6R7PRi9pwoKI0y2P0bubYvXv3isd047ji0tJSUWEbDlkkczpqsZF8qaZublMnrOYipeMaI3D22gEJSfI09cL2sBEoqtBShY0x0s+KgCLwaARaTcCcmrZYkm6vXr3Qr18/caYyvKB5PCQkREKRevbsKbHAlIrZSKQMM/Lz85PP/IfH2Ofq6iohSTy3caMTl6VjFz2v6VW9detWIX7DAazxeU19Vgm4KVS0rzkIlFUVYGf4SFFDex53QWxqw0Ngc87VMYqAIqAI2ISACSMlYRIxpVJKvo0bpWPGAN+4ccN8iJmtKDHTVmzZcnNzZSzPaaqR3Bs7WnFsfHy8kHpT5zyqT52wHoWM9jcHgdOpW+Hm1x1evq7YHf4BSMraFAFFQBFoDgI2I+DmXMwex6gEbI/fiuOs6W5ZNraHjoCXyRXu/i44l37IcRavK1UEFIFnioASsCbieKY3oDNcPDTJHQxHklKFpyeiskqLNDjD96p7UATaGgElYK2G1Nb3mNPPn1+cjs3Bg7He1KehVGFmsNPvWTeoCCgCrUdACTguB30WhaG2TtMJtv526rgzBCaskVKFnv49cODMFNTUVHdcMHTnioAi0CwElICVgJt1o+igxyOQlXdB0lJ6mXqJV3TarYeLjTx+Bj2qCCgCHQ0BJWBVQXe0e77N9ut7diE8/F3AUoXH4+agtl6l4DYDWydWBJwAASVgdcJygtvYPrZw/eY5eJl6N5QqNPVBZv55+1iYrkIRUATsEgElYJWA7fLGdMRF1dZV41jsHPGIphRsSliO+nt1jrgVXbMioAi0AwJKwPdtwHV199oBbr2EsyOQmhMintBeAb2xydQPN++kOPuWdX+KgCLwlAgoAasE/JS3jp7WFALVtRU4wFKFJld4nOiO8AseTQ3TPkVAEVAEoASsNmD9GdgYgaQsk6ihKQU3lCq8buMr6HSKgCLgDAgoAasE7Az3sV3tobyqELsjxsLDvyfc/LrhVNImu1qfLkYRUATsAwElYLEBh2oiDvu4H51mFefSD0o4EnNEM1d0UVmO0+xNN6IIKAK2QcAmBMyqRiwByCpFfGU1o/LycqsVsvQg+4uLi636m/rAMayaVFb2cE5dzp+eno5796ydpjiW12hp02pILUVMxzcHgZKKwvtFGnqJOjo+bW9zTtMxioAi0IEQsAkBx8bGSi1gFxcXsOZv586d4e3tbYYxJiYGo0aNQteuXaXGb2Bg4EMEagwOCgqS2sFvvfUWxowZg+joaOMQzp49i1mzZuHTTz/Fjh07zCUJq6qqsGDBAiQkJJjHNveNVkNqLlI6rqUIxF71gbtfN3j594JPxBhQNa1NEVAEFAEDAZsQsI+PD+bMmSO1fa9evYrU1FSRhHmR7OxsId2NGzfK8b1792LAgAG4fPmysQbzK+sFDxkyBPv27ZOxGzZswNChQ5Gfnw9K2VOnTkV4eLiQ9/jx483kTEJfvXo16upaHnPpp05YZvz1jW0RKCrLxbbQoQ2lCv26a6lC28KrsykCDo+ATQiY5Hf48OEmwTh06BCmT5+O+voHxQ4WLVoEkmvjtnnzZixZssTcTULluSdPnkR1dTU++OADUT9zwMyZM3H8+HGUlJRg9uzZyMrKMp/XkjcqAbcELR3bUgTCkjzh7udiLlVYVdNyM0lLr6njFQFFwDEQaDUBV1ZWYsaMGaICnjRpkkisVD+zn83T0xNubm5WaOzatUuI1bKTNl2qkSlNWzaS+6pVq0TqJdEGBweLpDtx4kSkpKTAz88PO3futDylRe/VBtwiuHRwCxHIK07HpqCBWG/q3VCqMMvUwhl0uCKgCDgrAq0mYEqeVAcvW7ZMJNX9+/ejX79+2LJli2C2YsUKkHAtGyXaefPmWXaJhDxt2jT4+/tb9W/fvh1r166VPqqtOd/y5ctx8OBBceqiNE0VNYnZy8sLZ86csTr/SR9UAn4SQnq8NQjwwTIgYXlDekr/HjgYPRk1dQ0Pp62ZV89VBBQBx0eg1QRMNXFjb+WoqCi8//77oh728PAwk7EBF9XSVCE3biTlxqpskiolYKNR5Uy7MhulZZPJJHZhkvKlS5cwf/58xMXFGcOf+KoE/ESIdEArEcgpSMTGwAFSppDlCtNutewhsZWX19MVAUXAThFoNQHTA7lxyFFeXh5Gjx4tkimdrpYuXWq1fZLywoULrfr4gd7N69evt+onoTbu4wBKwyRx2oZXrlwpjlvsd3d3f0jlbTVhow9KwI0A0Y82R+DevXqciJ8Pd5YqPNkdvtHzUFdfa/Pr6ISKgCLgWAi0moAZGkRP5QsXLsjO6a28bt068VimdHz+/HkJK6KHM1tmZibeffddhISEPIQUQ5B4zJBwExMT5dymwouolqZHNBul3wMHDsh7kjXtzs1tSsDNRUrHtQaB63lxUqpwg6kP+JdxW0sVtgZPPVcRcAYEWk3AdLai1Dlo0CB8+OGHErv73nvviTqYAJGESZYkaR4fNmwYaLel5Gw4cEVERAiW7OOx4cOHy1iGJNGBi3NYNtp76bBVW9sgRZDMKWVT9T137lxcvHjRcvhj35OA+ywKg1ZDeixMerCVCNTX1+BIzIwGKdjfBSfjF6O+3jqZTCsvoacrAoqAgyHQagI29ktSpPRJuyyzWDVulG553NfXV8iXx6m6pgczvZmNxj56NjNMiXNahi8ZY5j44/p16wT3dL5icg7LuYzxj3tVCfhx6OgxWyKQkhUMT1NPsQVvChyI24VXbDm9zqUIKAIOhoDNCNjB9m1eribiMEOhb9oYgdr6qoZShf494e7bDaFJ7riHB/HxbXx5nV4RUATsDAElYK2GZGe3pHMvJzHTFx7+LhIXvCVoMApKM517w7o7RUAReCQCSsBqA37kzaEHbI9ARXUh9kZ+CE//HlIt6UzqNttfRGdUBBQBh0BACVjLETrEjepMizybdkgSczSUKhyOovJcZ9qe7kURUASaiYASsKqgm3mr6DBbIVBSmQfv8PfFGYu24Phr+201tc6jCCgCDoSAErBWQ3Kg29V5lhp9xbuhVKGpF3zCPgBV09oUAUWgYyGgBKwScMe64+1kt3dLs7A1hKUKe8HruAvOXztmJyvTZSgCikB7IaAErE5Y7XWv6XUaIXAq2Qvuvt3h4d8DeyMnoqK6qNEI/agIKALOjIASsErAznx/2/XebhamSZGG9QF9JDTpUk6wXa9XF6cIKAK2RUAJ2IlswMwiFhYWJtnGTpw4IeUhQ0NDwfzcj2tXr16VsSwTmZqa+riheszGCJgSVolHtKd/TxyOmYbaumobX0GnUwQUAXtFQAnYiSRgFsb4zGc+g1/96lf461//ij/+8Y8YPHgwKioqHnn/sY7zD37wAznnt7/9LX76059KreVHnqAHbIpAVn4i1pv6YH1Ab5CEr+aesun8OpkioAjYLwJKwPdtwLV1jp8SMDb+LL7//e9LqUYWtiDxPk763bhpMz73uc8J4bKmMyVoFrJgrm1t7YMAc52zMIOHf3eRhE+eXQSWL9SmCCgCzo+AErAzEXBcvEiw+fn5T7xzS0tL8X/PP4+xY8Y8cuzdu3cxduxYdOvWDa+88oq55CNP2Ldvn1TB2r9/P9544w0MGjgQ6dczEBUdAxeX7ujatSvi4uJk7oKCAsyaNUuKa7AiVpcunbFh/XoUFxdj/oIFcj7rPhvVrXjSuXPnwGpY/fv3l9KWrJzFRjU56z9v3rwZb775pqjb2Z9w4SJcXV3h4uICVuMyinXwAYTVujgPj1M1b28tIy9eUlN6BfTGxpN9kHX7rL0tUdejCCgCbYCAErCTqaC/+c1vYsuWLQgICJCqUk1VpuJ9xPrMlJZpI26qkXz/+c9/yh/V1Cwj+dWvfhWHDx+W4UuWLMHnP/95dO/eDTNnzsSv/u+3+OnPfoZ//vMl+dypUyf87ne/E5ItKSmRB4Mf/ehHUmZy9NgJ+M8vfwXP/eIXUnpyxowZ+Pa3vy1lKzn56dOn8ZOf/AS8xpEjR/DSSy+h/4CBUrZg48YN+MIXvoDOnTsLqbMEZUZGBn7845+gX79+WLVqlTww7PLZI+scM3o0XnjhBRw6dAirV6/G//zP/+Docd+mtvzM+urqqqVUIb2hPXxd4H9uKe7d01KFz+wL0QsrAu2EgM0JmOpLT09PK7tjXl6e/Oc6atQoLF++HNnZ2Y/cXmZmJvgfPsdScrlz54557M2bN+U/UUpALD9o+Z8UyyC2pA6wMakzVUNKvnBBSPGXv/wl/vCHPwgB7tnTQEQlpaW4ffu2/FE1fSYqBt/5zndw/nzTheG3bduKH//4xygqehAa8/7776Nzly4C3YoVK+R4YeFd+bxv/yF8/Zv/hfjzp+VzZvYNIUXapaurq/Gzn/0Mc+bMMWDHH//4Z/Qd6GL+PPGjSejRo4d8fvvtt6V+tHEwMjIS3/7v7+DW7Tz47NolDwJXrjwo5ccHAJK0ZSuvqATHkPSjo6PNh3r37oVBbw81f7aXN6k5IWIDZlzw5qBByL2bbC9L03UoAopAGyFgUwKmJEK1IVWAVHGyUc04ZcoUkXwomU2fPl2Ok5Qbt1u3bonKk2M4lurKjz76CFQ/1tXV4dNPP8WuXbtEvchjly9flikSExNlXkptLW3OVA84Lv6cEA69mkl6/CNutDO+PWQIfvGLX8gfH4Li4+PxrW99Sx5kmsJs9Jhx6NTpZatDu3fvxs+f+6XYlZcvX4bu3bubj4cEB+P53z6P/PyG7zU98wZ+/ovnEBMTIw9jdAhjnWej9enTB3PmPiDkKdNnoUePBkJ+8cW/4/e//71Ix++8846os/mwcOXKZWzbth0vv/yyVZ1oki8l9MaNNai//OUvg9fifcm56KDWr2/fxkOf+efKmhLsOz1RSNjdrxtCLq595mvSBSgCikDbImAzAibhzps3DxMnThTVoGGzCw4Oxrhx48ySLKWvjz/+WFSCjbdGe+Inn3wihMtjJGmeSzUjnYooFZNc2Ki2PHbsmBAMCYX/0T9NIwH3WRSGujrHV/nFxsWLWjk9/boVFNQUXLhwQXAklunp6YItJVzaZptqQ4YMxd///qLVIQ9PT/z6178SzJcuXYq33nrLfJwq79/85jdm7caNa2n431/8Qhy6+J1TIqc62Wi0x06dOtX4iNlTPkFPV1f5TNU3pW1KvqdOnZJ1U5rlA4WXlxf+8Y9/mO8RnvDqq6+CUnPjxpAsEjfvk4iICJmLEj8f9OyxXchgqcIekh1rW8gw3CnKssdl6poUAUXARgjYjIA9PDxACSkkJASTJ082q6A3bdokTjOW66UDzezZsy275D1Vz1u3brXqJ7lybkpxlIZJJGwkcZIJnXU45mmbU0nAcXH44Q9/iOsZ15oFx7Rp00SdS5ur0XJzc0WzsHfvXpEeDY9oPmC9+OKLZtXw4sWLhYANMwAJ+Ne//jWyshpI41pGtkjAPL8pAu7Zs6doRozrfjJ1Bnq4NEjAfLgiYVs6ZV29r3ImAf/rX/+SBzLjXDpw8WGCJgo2mjj4oMYHOKq+ef8YrbCwUGzGxmd7ei2rKsbuyHH3peDuCEvcYE/L07UoAoqAjRGwCQEfPHgQlIjYwsPDMWnSJHP4C51itm/fbrVsSiSW9kAeJMHyP97GXqoka87BRhUmyZZ2Taqj6e1LWyQlOv7HT/JvqXTjTDbg8wkXJA74hRf+IuT42muvYcCAAWCIUVONxEjV7De+8Q2JG/773/8uxEfMSaxU61KFSwmT8cH0hDa8i2l3paRqEDC/G8YT0wzBdjXtGugQxockXodESA2H0V5//XXRbhifx44bL6plfqYfAFXWJFV6WPPcCRMmAPfuYe26dXj++efND3gcTy9rzsfr0zmLr3yAYKM/wne/+1385S9/AffHh4TAwEA5Zo//xF/bZ07MsTPsfZRWPvCBsMf16poUAUXg6RFoNQHTGYqqYaoI+R8tyZWSKp2nSKokyJ07d1qt8Pjx4w8RMAdQHcowE8tGW/C6devMXVQh+vr6io2ZhEtyv3TpkjhuMTSGBG1IYeaTHvPGmSRg2ttpI6eUSOLhHzUKhjngUTDQTMCxPI9OU5bt6NGjcowPPVQBGy0pKUmybhmfKX3yezXInhIzVc6UQnkfkKBzcnKM4fKgRu2F0c6fOycPUMZnek7zmlwXHewMZzBKtpyLtm3LxuvyPuN4f39/K+k5ISHBjAnvV3tuJWV3sCP0XbBWsLtfd8SlNTxI2POadW2KgCLwdAi0moBJjl26dBHV5MCBA0XiotPL0KFDwf9Evb29xXPZcnkkBUpQjRul6MbSMvsYPtK4kWxI2PwPnsTB67BRMm6sxm58ruXnBhtwKJwhEYflvvS94yIQeWmLkC89oneGv4eK6mLH3YyuXBFQBB6JQKsJmNImPWqNv40bN2L06NES+kHJh+o+qg9JmGxMjECvaENFaLkySjx0zDFsf5R66IRFb9bGjZKeQbqLFi0yO3XR5twUYTc+3/jsTE5Yxp701bERuFuaje2hw8UZa0NAHxyOnoZLOUGoqmnalODYu9XVKwIdF4FWE3Bj6EiWYq+7f4BS8Pjx4yVMiLbihQsXmsOQqEakyjotLU1GM06V3q8kVI6lkxDDjTiHZWPBAErQhlqSzl90tCHJ0yGHDkHNbc6kgm7u7pwL4wAAIABJREFUnnWc/SNwKmUD1pzoYs4RTZX0vtMfIv7qIRSWPTqO3v53pitUBBQBAwGbEzBtbFQDM2zIaCRWejgPHz5cQpXoNMVGYmXYkmU2JpIxSXTEiBFizzU8W425+ErSpv3XaJxnx44dcl3aIR+X/9g4x3h1JicsY0/66vgIlFQUwPfsIrBUoZtfN0lVyWINjBHeGfYuwpI8cavwMurrrW3hjr9z3YEi0HEQsDkBP0voWkK8xjpVAjaQ0Fd7Q4BFGa7fjkNQwjpsChooMcIkYU9/V6kfvDGwP07GL8SVnAiz2cbe9qDrUQQUgUcj4FQE/OhtPvqI2oAfjY0esR8Ebt+9jjOp2+ETMRrufi7w8O8pUjEl4vWm3jh4ZirOpR9EUXlDLLT9rFxXoggoAo9CQAnYiYoxPOpLduR+OuQxvM2IN3bkvdhi7aWV+UjK8sOh6KnwMvUWMqa3dIN6urt4TZ9K2oybhZdscTmdQxFQBNoQASVgJeCHbi/a6OlhTrs644At43cfGtzGHfQPYOarR1V1auPL2+30NTVVuHYzBqbzy0Q9zZjhBiJ2hbt/d2wOHgzT+eW4fjMa1dUVdrsPXZgi0JERUAJWAra6/xkGxpzOzBjF7FIs4PC3v/3NnIPbarCNPzANJgt5pKQ2FNng9EyqwUxYzI6lrWkE6IxF9fSOsPdEEvbwcxHp2MPfBV5+rjh0ZhoSM/1A6VmbIqAI2A8CSsBKwOa7kWFfrMtrmUmqvLxcKia1hxTMHM5f/erXEHH6QWENroV1hZluUtvjESgpu4sLGcdxMGqyZNKSwg4BvRqct0yu8A4fhTOp23C76MrjJ9KjioAi0C4IKAE7UTWk1twxLO341a9+9aFMZI3nZHw2M5Ax1IxViVjoni0lJQXdunUTdfGf//xncz+rVDEfNfN2szFxC8exOpHRWH6SCVdY3vCzn/0s/vj738kYlpekCpqFGZhmkvWCmdO5qSQuxlz6ClTVlCLtZqSEMW0KHIR1vm+JepoqajptbQ0ZgoCEFUjPjUdNXaVCpggoAs8IASVglYDl1mM6z69//evmcoJ0emIms8bOT+vXr8e///u/C0Ey+Qlzc7MAAwsnDBo0SOo4Mzc4CzyQZGm7/a//+i8zITPX92c+8xmpZsULZ2Zk4LnnnpNCDdu2bcNXvvIVyZR2+PBhyT3NkoT/8R//IWTPDGcsV/m1r31NrvuMfjOOc9l7QE5+IiJSNmFH0HB4+PUQFbUQMdXTpt44GjsLyVkmlFe1vJa24wChK1UE7BMBJeD4G+i9SHNBM/sYqwYZhRuYFpTSJqXZ3//+97h48aLcwSyOwSpHlgUvKBH/9a9/tbrDe/XqJZWW2Mnc4KysxMYkK6zRS2mW7dgJX6m0xBhuFnD4+c9/LsU15CAAFor41re+JalO2ccHAq6JDwzamo9AcelNnE07gP2Rk0QlzVAmJvmgvZh/uyPGIPryLuQVNlSzav7MOlIRUASeFgElYJWA5d5hCUJKrUY5QZYdZMax1avX4HOf+xyMmsGsNtSpUyeRjo2bjs5a77zzjvFRXknoJEo2FthgeUGmCiXxMh0pSwNeuXoVH0+ehrffflvG0c78ox/9SGzO0nHfCYsqaBbdYGPVIzqFzZs3zxiiry1AoKq6ApdvhOFk7Dxs8u8nCT2Y2MPT5CpEvDnobYRcXIfM/LO4h3stmFmHKgKKQEsRUAJWG7DcM7QBs/YvCdaypWXm4r+/812p68t+Sp60/RqSMvtefvllsfNankdvahI1G8OaSMAkedb3ZWrSrl27ws19Hbp164r9+w/IOJL+9773PcTFxZmnohPWb3/7W3MYEgn4xRdflHzh5kH6psUI1NfVILcgGWFJHlL4wc23q5Aw1dNuvt3ALFtHY2ciOSMY5VVajanFAOsJikAzEFACFgJWFTTvlUmTJol9lbG/9H5msYzo8DB8/nOfw6lTp+R2IkFTerUkYHd3d3HgYt1dJs5gPu8f/vCHom7mScwLTin5V7/6leT4Zh8lWIY6Pf/88yDxslECphqc9l+ew+ubTCYrAmbe7xdeeEEJWBCzzT93SjJw9tp+7Ikcb07o0RBT3BPu/i7YF/kRYq/4oLDsQT1n21xZZ1EEOjYCSsCqgjb/Auh0NWPGDLHJ0hZLov3+974nUquhml67di3+9Kc/WREwyXrw4MH40pe+JLbg//7v/8bIkSPFpmtMvmbNGnG+MkpFxsbGymfWkjYcvWgHZjWsL37xi6Jmphc0q2sxDtgIg+K1GJbEdWqzLQIsd5ic5Y8T8fOxIaDv/Sxbvc02460hQxGW7ImsO+fBPNXaFAFFoHUIKAGrE9ZDd9DVq1fF/rt//36EnzolkqgxiLG6VBEbpGn085UOUzyHnsuNW2FhIXx9fXHnzh05RLJlRSuWlrRsVDFTAj9x4oTYmUnCrLBVXV0tw3hdkjfXqK1tEKi/V4+s2xcRfGEttoW8I9WYmOqSOaelMlNAHyFp2pKrqkvbZhE6qyLQARCwGQHHx8fDx8dH/vOkN6tlo2RFJ55du3YhLCzM6j90y3F8z/9oGfvJVIjR0dFWh3mMNsEDBw6gcZnCc+fOmVWZVic94YNWQ3oCQHq4QyNA9XTMVR/sjhxnFcYkST78XbH/1ATEXz2M4rIGJ7kODZZuXhFoIQKtJmBKJEyMMGTIELHv0aN18uTJ5nhS2vE2btyIgQMHynGqKpcuXSoJ9huvlXbFlStXSjwp6wFzLG2OvAb/9u3bJ+ey5u/cuXPFmYdz3Lp1S+JKaXtsadNqSC1FTMd3RATKKguQnBkkjlkbAvuKJOwV0Buepp7iSe0dNkpqFOfeTVH1dEe8QXTPT4VAqwmYtkHa7Qy1I6Xfjz/+WCRYroiJGoYPH26O46S3LWNCLTMhGSunSpK2Q0O9SFUjw1t4Dp1yxowZg8TERBnOhAx00GFjAgcjI5MxV3NfVQJuLlI6ThFgHDZrFMcg6OJqbA4a/KBG8X0i3hQ0AL5nF+JKbgSqa2oUMkVAEXgMAq0mYDrFUAK1bEzMYKQLZApBxoRaNjc3NyxZssSyS97TUYfZlSwbY0Y5B71rma7QkHKZtzgwMFASQsyePVsI2vK85r73Uxtwc6HScYqAFQJ5hZmIvLQVu0+NhcfJbuJBbbYTm3pj3+mPcTHzJIrKc63O0w+KgCLQgECrCdgAkk41tNsylIXkyqQLbOvWrRMVtDGOr8wnPHPmTMsucbghkTaWZKmCXrFihYxlDOrWrVuRnJwMxpkyzSFjSyl9U0XNfMN8bUlTCbglaLXd2My8MuwMTkNhWYOzVdtdSWe2NQKlFfm4mH4CB6OnYr2pD8ylEe9LxTvCRuL0pS24VXAVmtvD1ujrfI6MgM0ImBIqnbAosVI97OfnJ7iQPOl8ZdnoDcuUhJaNxMmk/IZa2TjGmrSUmNlYmJ0pEhkKQxLmH4sC0CFrw4YNWLVqlWRdolTe3GbYgGvrNKyiuZi1xbjcgnJ0nROE4zFZbTG9ztkOCNTUViItNxr+55diU+BACyJ2lfebgwbB7+xiZOadRW1dVTusSC+hCNg3AjYjYMttUiKl3Zf2YDpgMVGDZdu9e7eQrWUf35O8ecyyMW6UjllNNZI7q/CQlFkkgG3x4sXiid3U+Kb6lICbQuXZ9C3ZdxGTt8SjTh+Gns0XYMOr3iy8hMiUTdgZ9q45jpjqaead3hDQB4djpuF8+lGUlGmZSRvCrlM5GAKtJmAmSGD8p2Vj8fTRo0ejqKgIR44ckfJ1lsfpBd3Y1svjJNHly5ebh1IqpqqZ3s+NGxM0GKppki7V2myGJNx4/KM+24sKuiglBYWJDQUPHrVWZ++/kF6AN2cH4mqOpj50lu+6tDIf568fxsGoKWIjlvAlUy8hYsYW7zr1AaIu+eBWoXU8uLPsX/ehCDwOgVYTMCVQVruhbZZknJSUhA8//BDLli2T61I9TGmY6mnabJlggWXreB5bbm6uOWMSVco8xpJ1HEubMj2mjSxIxkZoX2YqQ+YYZqOETUctNqqkea3mNntwwrrh74dwVxeE9+yOxMULUZB6qUOaympq6zFhfQw+PZTU3K9PxzkIAtW1Zbh2Kwonzy4AVdGWNYrd/LpiS/DbCIxfgew7F1Bd23wTkoNsX5epCDSJQKsJmLMy1Gjs2LHo2bMnevfuLbG6TLhvNIYcvfvuu1IJh2FFtAGzMa8v44eNz+wj+ZJ0ORfPaSpciYk4WBbPaPSMpjRMdTedvozKOcbxx73agwScumY1TC++gJA3OiP4tU4I69ENiZ+uQPHljicV7D11HYOWh6G4TAvFP+6+deRjNwqSRD29PXSYpLukJMzc01RPs0bxoegp92sUFzryNnXtisATEbAJAfMqlEpJhIwLbsoTuaCgQI5bkiM9pzne8Jg2VktvZs7Fc5pqPG6kJjSOcyxr1tJRqyXNsAHX1bXMe7ol13jS2JKsbJz9eCKCXv0Xgl9/FaFvvS7vI/r2QqqXB4qzMp80hdMczy+uhOvCUJyMzXaaPelGmkaguOIW4tP2Yd/pD+8XgWCN4obc0yTl3eGjEZ3ijfwidcxrGkHtdXQEbEbAjgqEPUjAxK62vBw5J08g+oP3ENT5FYS8/hpC3uyCoFdfRuTg/kjbvgWVjeKtHRXzJ617xYFETPCKRl39s3soetIa9bjtEKiqKUVqVhhOxM2XMojuvt0hNYr9G2oUbw8dgdALnriUE4wbd5NRUVWk2bZsB7/O9AwRUAK2s0QclUVFSN+7G1HD30HQKy8JCYe82RlBr3XCmWFDkLJ/H6rynTvvbmJGId6cFYjL6oz1DP9raP9L19XXSo3ikHOrsSN0REO6S1MvUU+7+3XD+oA+2BIyBD5B7+Hg6U8QluyF89ePIiM3FnlFV1FWeQcsJKFNEXAUBJSA7bQcYeWtm7jqvRORgwaIFEz7MP8oEUePHI7sY0dQ10J1u6PclHTGGusZjWUHGtKOOsq6dZ22Q6CgJAOxl/fD59RoUU+7+XaVWGKqpj1NrmaPag9/F3ged8GWoMHYd3qiVGkKv+iFhOtHkH47BkXlN1FTW4H6e3W2W5zOpAjYCAEl4Lgc9FkUCntNxFF+IwdXvDwRMaAvgl57WezDtBMHd3kVcePGIDfQBNrSna0diMjAoOWncKdEEzY423fbkv2QPJOzTPA7t0Scs1gekaTr7u9ikYf6PiH7uYCSMsmaJL0xsD9Yw3h3xBjxvo68tAWJ10zIuh2Pu2XZYP1jbYrAs0RACVgImCUS7dveWJaRgUtrPkV4rx4iBdNRiyQc8sZriJ/8MXLDuYfaZ3kv2fTaxWXV6L0oDIFn1QHHpsA68GSVNaW4U5KO7DsJSMz0RUTKJqnO5B3+AbaGvIMNgf1ESmaIE9NhGt7VXiZXePj3lD53327Y4N8b3qdGiRo7KG4FzlzejpSsQNwuuIKyqgLU1LXMkdOBIdWlP2MElIDtVAX9qPuiKDkJySuWIbTbmwju3ElsxMF02nrrdSTMnoH8GOsayo+axxH6Vx9JFlW0I6xV1/hsEGDERVVNFW4VXsHV3AicvXYAoRe9cCJ+HnZHjMaGgL5CxCRjJgFp+OspIU8Me2pw+OoJZunafLIftocOx5HYGQi56Ib4q4dw+UYYcu8mo6Q8H2pefjbfsTNfVQnYzpywmnuzFV68iIvz5iC06+sSOxza9Y0GybjrG7gwfw4KkxJZO66509nluPPXCtB9bjBSMjUe1C6/IDteFHNNl1bmIb/4Gq7mRiLu6l6YEpaLGts7fJQk/iABW0nLAQ0OXyRpStDrfN8U8t5Kx69TY3A4egaCE9fifPphKcl4tyQL5ZUFal+24/vA3pemBOxgEnDjG+rWmdM4O21KQxIPqqRFNf2KZNVKWbkcJVeuND7FYT7TGWucVzRWHU52mDXrQu0fgeLym8gpSERSlj+iLvsgIGE5DpyZhM3BgyVPtSQFuU/CtDc/kJzv251NruKZvcm/P/ZEjIP/+WU4nbwJ568dwvW8WNwtuaH5zO3/NrCLFSoBO4gN+HF3S111NXJCQxA/fixEHf36aw3OWp1fQUS/3khdtwZlOY6Z2OLwmUwMXBaOO8XqjPW4e0CPPT0C9+7Vo7KmBCTmG3eTcDHjBE4le+F47DypaUy1NDN0rbvviU1CJknzj6ptSstuJ9+Cm283bAoaIAUo9kZOhN+5xThzeRtSMkNx404KCsXxq/TpF6pnOh0CSsAOLgFb3pG1ZWXI9fdDzNgPENgomUfE4AG4sn0byvIcK4Y4v7gKPeeH4ESMYz5AWH4/+t7xEKisLsPt4qtIvxWNhOtHEZGyEcfj5oLJQZjTekNAPyFhN79uQsQkZwmVYrjU/b+GPlfsCBuBw9FTEXxxrTh+pd4IFftyRXUx6uudx4HS8b7lZ7diJWAnImDjNiovK8Pl/fsQPWyI2IeZUYve0sGvvozTQwcjbc9uVNy+ZQy3+9c1R5LxgdsZAJpkwe6/rA6wwLr6alRUFyG/JB1Xb0Yi9upuBCasxtHYOfC57/hFaZg2ZnpfM6sXPbHFEczPRcKkGCpFB7EtwYOxM/RdHIqcjLBkTySkH0XG7VjcKryM0so7ess7+f2kBOyEBGzcs0xdeW37NkQO7C+ZtBqIuDOCOnfCmZHDkHH4ICg123u7kH4XPRcE42L6HXtfqq6vAyNQV1+HovJc3ChIxOWcSMRe2Sv24X1nProvMQ8WtTXJlwTdECplQc60O/t2F+KmPXpv5AQcj12A0EQ3Kel4/XYs7hTnSGKRDgyzU21dCdiJCdi4Uytu3cSVDV441bdXAxHTUYsS8RudEfP+SOQEmFBRa78qMCZJed/tjDpjGV+ovjoQAvdQV1+D0vJCZN+5iIuZJxF1ebsQ8+HoaZIoxFPU1k2oru8nFiFR0968MbAfNgUNkoxfyZkhDoSBLvVRCNiEgFnTl2UA33//fXzyyScIDQ21qojECkis0ztq1CgsXLgQmZmPru6TlZUlYz744AM5h5WPjMYSh6tXr8aSJUsQFRVldKO+vh67du1CbGysua+5b+yhGlJz19racaUZ6eKQdap3TwS98i/xmGbRh6A3XkP0pA9xKzQE9bX2mVXraFQm+i8NR2Gplils7X2g59sHAixCcackAyzPmHQ/scjhmGnYHTEWLNVI+zJty26+b4lU3KDK7mXOABaW7IGqGq2dbB/f5tOtotUEfOvWLYwZMwbTpk2TGr3u7u7o27cvjh07JitiecBJkyYJMbOG75w5czB69GiQtBs3ki2PzZ49W+YimfOP5QoZcM+av97e3rh+/To+/PBDJCU1FG6/cOGCzPuo8oWNr2P52V6qIVmuqa3fF19KQfKyJRKqxCIPklWLTltvdkHCzOnIP0N7q321wrJq9F0cCt+YDPtamK5GEbAxAszElVeUhrSbpyXmOCxxA47HzYF3+Pv3E4u4SmEKSsYHz0zD7cKrNl6BTtdeCLSagBMSErBy5Uqr+ryURkmQJM1Tp05h7NixuHv3ruyJdXxJqnv37n1ojwcPHhSyNmr98hySe2RkpMzPea5duybnkaRPnDiBuro6uX5MTMxD8zWnw89BE3E0Z29PGnM34TwuzpvdEDvcuRMkmcdrnRDCZB7z5uBOUhLsKZUH44E/cI9CvZYpfNJXq8edDIGaukqUVOaJtHwwarLYkOnERQmZHtlXcsNhVz9WJ8O/rbbTagJuamEmkwnTp0+XQ5R6SdCWbdu2bSKxWvaRrBcvXoytW7dadmP58uXw9PSUggPjxo3DuXPn5PjHH3+M6OhonD17VlTVVie14ENHlIAbw5MfdQbnpn4CKfLQ+RWRiCkZh/XohsSVy1GUktL4lGfyOeFaAXrMD8b5NHXGeiZfgF7ULhAor7qL0EQP8bA24pGZSjM8aROo1tbmOAjYnIDT09MxcuRIBAYGCgqrVq3C9u3brRA5cuSIqJmtOgHMmjVLpFrL/s2bN4NzkKBJ7CTzPXv2mO3DVEtnZGSAtuOQkBBQJd6S1pFswI/Dpb66GrnBgYifOA7BXV4BbcOimn71ZUT06YVLbmtQnPls1b+Uxkd7RMHtaIPp4XH70WOKgLMjkJwVIGFMrAzFWsmsBHUsbg7yi687+9adZn82JWBKp8OGDRP7LQmTjeRJKdiy0T5Msm3caB8+evSoVTclYjpeGe38+fPw9fVFaWmpEC7J/dKlS2If3rdvnzhoZWc3P2lDAwHbbzlCY9/t9VpXWSnJPGLHjZasWqy4JET8WiecHjwAaVs2oeLGjfZazkPXMcVnoteiUOQVaWash8DRjg6HAOOFD0Z9IrHFJGGmztwa/A5Ss8M6HBaOuGGbEfChQ4cwZMgQ8NWybdy4EWvWrLHswo4dOzBz5kyrPn6gunnnzp1W/ZR43dzcrPr4gQRMwqaHtZeXl3hBs78pifuhky06VAVtAYbF26qyMmQePojoke9IkYeQNzpLvukgJvMYNADXfXah6hlk1SooqUS/JWE4GPloT3qLbehbRcDpEaDamdm1PE0976fIdJXqTqdTt6KiUlXS9nwD2ISADx8+jKlTp5odpCw3HBAQgIkTJ4onM/tZPJ4e05RWGzc6ZtF2XHs/JrWoqAgTJkxAcHBw46FC1IYj1/z587F//34ZQ2mbIU/NbR3ZCas5GFXl5+G6jzfOvPN2AxFLVq3OkmEresQwXD90AFXl7RsKseZoCsZ4RKOu/h5u3CmHT+g1nEsraM52dIwi4JQI3MM9JGeZzFWeRCXt2w2HomaIR7VTbtoJNtVqAk5MTJSwI9piT548KRIwyZD2WpItJdWPPvpIiJVezowDfvfdd8GY3srKSlE5p6WlCZTsYywxx3AsiZre1CUlJVZQp6amig2Z4UlsPj4+8PDwEJKfN2+exCFbnfCYDyoBPwYci0OVt24ibfNGnOrXu6HgA4n49dfkfcy40cgODEB1VfuohZMyCtF/aRhm7TyHngtC0HlGAGIvP4gXt1i2vlUEOhQCN++mYP+ZjyTLFr2kGaq0M+xdpN4I71A4OMpmW03AdHxiqBAlVSbP4B+dsKhipgTLRseoZcuWYfjw4ZgxY4ZZUi4vLxeC9ff3N+PFGN+5c+fK2EWLFjXpVEUbcljYAxsHCZpqbaqfqQJnYo7mNnXCai5SDeOKsrNwwdMDEb16IKjTSxK6ZDhtxX00AdlBgaivsX0yD4YeZdwuw7HoLHy0MQ5vzArEPyf74eUpfkLCl7MbHsZathsdrQg4HwIVNcUIurAW7n4uUsWpIQ+1KyJStoDhTNrsB4FWE7D9bKVBvd3S9agE3FLEGsYXJSchecUyhLl0RXDnTpLEgw5brEecMGMabkecerqJH3EW01Eu338Bfxh/HC9N9hMCJgm/Ot2EvovDkJNv/zmtH7E17VYEbI5AXd09XLh+HFtDhohjluElfTx+LvIK1Uva5oA/5YRORcBPg4HagJ8GtQfnFCZexMV5cxDS9XXJMx3a7c0GW/FbXXBu/gyQqG3VyipqsGRfohAw1c4k4FemmTB4eTjKyvXJ3lY46zzOgwDTXO6NbFBJN5Bwd+wIGYlruaedZ5MOvBMl4A5QjKE97s87cTE4P31qgyRsmcyj+1tI+dR2yTyoit7kf0WI99VpJnSa6o8hn0aAT/zaFAFF4GEESsoLEJK4Diz6wMQdLIu4wb8vTqduQXVt+zpQPry6jt2jBByXgz6LwkAVp7bWIXCvtlYKOpyd9CGojmZmLcYQM3TpVB9XpK5dhVIbJfM4EJmBLjMD8OLHvpKco/5+3HnrdqBnKwLOi8CF6yewMXCgFHMwVNJHYmeioFRD+p7Vt64ErARs83uvrrICN4ODEDtmlNQeNpJ5kIgjBvRF6sb1KLFBMo+wxFt4fWYgpmw9a/M96ISKgDMicKMgGQeiJkmFJbOXdPh7uJxlW58NZ8SuLfakBKwq6La4r2TOuooKZB7cj6iRw6xiiEnEkUzmscsb5Xm3W3X9iKRc7Ay6ChWAWwWjntyBECitzEfQxTUiCXuZesPT5IoNfn0QlbJNVdLtfB8oAXfgakjtda9V3bmDdJ9diBz6NoJee1nsxKFvdZFkHqeHDUXGwf2oKi586uUw7EwJ+Knh0xM7KAIXM05gU9AgiRU2HLSOx83FnSL1km6vW0IJWCXg9rrXUHrrNtK2bkLEwH7iMc36w0zmEdSlE06/Pwy5vr6oa6dkHu22ab2QImDHCGTdScCeyIlmEvbw6w7v4Hdx7Zb91QS3YxifemlKwPdtwOpF+9T3UItPLL+Rg1S3tQjr44rgV/4lyTxCurwmjltnP/4QN0OCUVPckMSlxZPrCYqAItAiBMqriyWXNAs5iJe0yRUbgwbgTMpO1FRreF+LwGzhYCVglYBbeMvYbnhh6iUkrlqJ8B7dGiRiqqXvJ/OIGz8Gl93W4WZIIMpu3YJ6OdsOd51JEWiMQP29OiRcP4HNwYMlXGl9QG+4n+yOE7FzcKfk2ZYhbbxWZ/qsBKw24Gd6PzN6t/Di/2/vO9yiSLqv/7Lv/a1rzjkHzK4557hrzhkxJ0QxBwSUJDkKiGSQHARBQMnB8z3nztTYM4CrLjANVD0PdE93dXfV6eqb6ta97/D+wF4wiEfA0EESTYtb/0F/yLHQWdMRv3UT8h54ojIpAZxT1kUjoBHoegQsgTvW2nlJuwcvQVaR9pLuerQBzYC1Btwd4+q37lkRG4u3mzcgeMJYBI4cCv9BAywa8YghlrniIQPhP3oIopf9haQjh1Ds7YW6wkK0NTX91vP0RRoBjUB7BL7Ul8M3/pgE7FAmaXpJR2d6oKVVf2vtEfv9I5oByxxwkA7E8ftjqEuvZDCPrzk5KHj6GIn7/kHkfBdrdK2BCBg+RHISM/kDmTM9qUOmTMLb9WuReesmyiIj0PgflzV1aWf0zTQCvRiBxNzn4iXt6jse9JIjGaKAAAAgAElEQVRmJK0XsftQ9eVjL+6VuZquGbB2wjLXiDS0hubp+uJilCfEI+vWTcStWYmwGVOFCTMTk8wXjxwmjJkMOXDEEEQtXoik/f/I+uMvWVlo+aoTkhsg1bsagV9CoKgyCZ5ha3DeZwwuvpoCV5/x8AhZhqwSbZL+JSA7qdzlDDg2NhafPtnnZv327RtCQ0Nx584d+Pv7o+kHJkOeYx3WDQkJAa9Vhes9mbrw3r17KC0tVYdlGx8fj8zMTLtjP/NDZ0P6GZTMUedbWxtqC/JR+OIZkk+dQPSyJZb5Yoa9pPPWcMuWgT4CRwyVTE0xq5Yh6/JFlPi/Rn1piTk6oluhEehFCHypL8PrxOPWWNKTJYAHo2hFZbqjuaW+F/XEfE3tUgZM5jhx4kSkpKTYekoGeunSJcyaNQsLFy7EnDlzcOzYMdTXt39xjY2Ncm727NlSl9vLly+jpaVF7nf37l0wR/CzZ88kZ3BJiYWgFhYWYtOmTcjIyLA992d3dDakn0XKfPWaKitRk5aCnNs3wfjTwfNcJP60H7VjmqtHWdYZ87f/8MGImOciqRJz73mgIi0VTZ8rzdcp3SKNgAkRoJd0fPZTXPGfYYsl7eozDi/j9qHqa7EJW9w7mtQlDLi8vBwXLlzAvHnz4OLiguzsbFvvk5KS5Pi7d+/kWF5eHhYsWCBarq2SdSc4OFjOsQ5LYmIi5s6di/fv36O5uRlr165FamqqnNuyZYtow/xx+/ZtPH/+XI7/6j+tAf8qYuat//njRxT7+iDjwnnErFyGoLGjEDBiqHhWU0OWv6GDhDkHjR6B6KWLkH7mNIpeeqG2sAA6nJZ5361umTkQKGTgjtBVOOc9RuaFz/uOg3vwMuSUxpqjgb2sFV3CgGkqPnXqlDDMDRs2ID093QbDrVu3cPDgQdtv7ri5ueHIkSN2x6gpnzx5Uhi58cT+/fvh7u4uZuulS5fatNzt27cjICAA+fn52L17N758+WK87Kf3yYCZDUkH4vhpyHpFxeYvNajIyUHm4wdI2r0TkQvnWTIzWbXjIOvcsd+f/yce1mGzZyB+03pk37iGsrhYNDpMo/SKTutGagR6AIGa2gr4xh8BNWDGknZj4A6/aYjMuI22Nou1sgea0Sce0SUMmKZjlurqatFSjQz4zJkzuHLlih1YDx48wI4dO+yOkQHv2bMHT548sTtOzfr48ePg/C/3b968ieTkZGzduhVFRUW4evUqoqKiZK6Yc8/GOWO7G3XyQ2vAnQDTxw43lH1EeXg4Pty4hrfr1+DNxHGWpU6D/7SsPR4+RDRjelhz/jj6r0VIOXoYBY8eoCo7Cy0/8FvoY1Dp7pgMgW+traivrsbnd4koePwI+fc9UeTthbLQEFQlJ6E2Pw+tDQ2yHI91e6K0trUgLvsBrvjNgqvvBGHE9JL2fnsQn2uLeqIJfeIZXcKAFRI0Ra9Zs8ZOAz506BCoBRuLl5eXzOEaj3F/586dePnypd1hXnv69Gk5Rkbv6ekpvznPzL8TJ06IQxbnmalBk0HX1f18kmnNgO3g7hc/SKyqcnNQ8OQRkg/ul3XFKm/x96VOgyFzySOGIHjKJDFpZ1+9goqYaO3M1S9GifM62VT1GdWpKSgNCkTmpYtI2LoZYS6zETxpvHj6i8PhqOHiZBgyeYKk+Ax3mY2oJQsRv2Uj3h/ch/Rzp5F3zwNFL56jPCIclfFvUZORjrqCAjRWfEJL/c/TyB8hkfcxEXdDV1pjSU/FOe/RuBOyFLllMcB3/9kf3aJfn+t2Bkxzs6urqx3IdKaiButYyKzp4WwsZ8+eFcZqPKb26czFOWFeQ02YhSbrFy9eqCr/utUM+F8h6vMV6Iz1KSEeH+64C7ELnT1NzNV+A//Poh2PGCprkZnJicSP5ux3u3eCzlx6qVOfHx7d2sGWujrJjV36JgjZVy8j6Z/dkkc7eNI4SyCaod/Xv9MyEzB0oBz3HzxAsokxYpwwZDodihXnu6+DPwPX8I9L9LhmfuokRMydLasH4jasRdLfu5F86AAy3VxlLBd5PcenqEhUJ79HfUkJmqqq0FJbawl0Y1iN4ghIbVs1Xr0/CddXXC/M9IYTcNlvBmIyPdHa1uxYXf82INDlDJiOUkYTNM3NnKM1FpqUyZgdC7VYnlOF5mRqxQ8fPlSHbFsuVVKaMZkuNWOW69evi1Zsq/gvO5oB/wtA/ew0TXhfK0pQ4uuNtFMnEUtnrtEjbI5cQuSGDbbkNx4xVKJ20Vyd4cq41f74mp+LnjEC9rMX0we6K8vo8vPwKSoCHx4/RNrpE4hZsUw026CxI4WRCmNlOFbFUJXz4JCBCJk0AW/JOPf+jcSd2xG7cjkiF85F6NRJMm0iToaqfkdbMmv+kSkP/tPCyBltbuhAuZ5WoDfjRsuYDp48Qdbcxyz/S4TS5MMHkOF6Djnut1Hs642PQQGoiI3Bl8xMNJWWo7GyBjFZj3AjfCHcAqaKgxaTO3i/3Y+qWvslo33gVXZZF7qcAa9evdqOAXOell7PHh4eKC4uBs3PXJJEzbW1tVWO1dbWSod4jMuUaIZmXa4Fpmc172EsNTU1YsJW3tLUkumoxUKt2FGLNl7ruE8GrJ2wHFHRvxUCNAdWpqYg99EDJG7figiXWcKQGQgkkISSKRVHDAUJp//QgQhzmYm4zRvx4dYNVKck66VOCsh+tm1rbkbjp3LxHyh8+QJpp04gbv1a0UCDxo2SOOfUToXRWscQmSOtLhxPIdMmI2LJQhlzHEulUZH4mp1tCSzz7Rt4f45Nrm3/mvNBxlpZbByKvV8iz/Mesq5flfjqCVs3gUw0cuF8eXbotMl4M2GMxSFx8J/wG/A/S1vIkGnhsa4SYBsYDpZTMsLYDUzb78//ST0y67CZ0xCxYC7iVqxA4sateL11Fm7cnYyLITNwyW+aOGq5hyzDh8JQNBQUoansE+gg2drQfhlqPxsi0t0uZ8CrVq1CWlqaHZYMwrF48WKMHz9emK+a56XnMpctcV2vKt7e3rL0iHXnz58vATzUObWlVs25XlW47ImMl85e9MamM9jPFq0B/yxSuh4RaCwvx8cAf6RevYwIOnNROyaRIjNWWofSYEYPF3N1yumTKPJ6gU/Z2Vo77qPDiHmsazIyUMJlcDeu4d3fuxBOYW3sKEso1WHUPi3mZGFoYjq2OPzRwhI+Z6ZompkXL4iGWZWajKaG308F6Dj92lxTI2blqpRklEdFoNT/NfIfPkD27ZtIPXNamHXiru2IWbkc4bNn4M34MRLkJnDUcJuQGSCBbiz9oPDAMW8zc/P3kIEIHjYC/rPGwuPSZFx8Mx2XAqfjwuuJuPp0Eh4fnITw+bMRt3QZKBjQyTH9/Fnkerij4MljlPq9RmVcrMx/1xUVovk3V7b0piHWpQyYATOorTZ0MHAqKyuRlZVlF8GKJmYuI/r8+bMdZmVlZVLXMaKWqsTjjtG0eH+uOVbatKr7b1sdiOPfENLnO0OgsfYrvmRlovD5U5m7C1myEDQlWsJkKu14iG0u783MaYhZswpZVy8LoWn4WKr9VDoD18THG+rrUFeQL+8wx/2W+AMwKhvDpFIYo4ZIa4hFi7QEgyGjkiVvo4YjYt4cxKxdjaTj+1H4/IkwHI4FOgc6q9A83tLYiIbPVWgoLUVtfj5q0tNRHhmBktevxKEr86KrOC3Gb96IuLWrxemLQkbojKmWTGbDBotGHfB/f8B/4AA82jQcbi8nwC1gimjDFwOnwt1tPF5PHIY3fwyymcEtWvgABIwchuCJ4xA6fbJo61F/LQLTkiZs34KUY4eReckNefc9UervJ86QFqeyfFkh4yzc/utzu5QB/9fGOON6rQE7A/W++cya6mqURYQhy/0WSKTEa3XUcNESRENW5jyGzRw5DJHzXPBu/17kPXoojLzNGvGtb6LTO3tFJaGeTnrRkci7dxfvT51E5JaNCJs2yeL8RFOteq+ct7XOsVLLlTnV8WMQtXSRMJA8z7soC3mDusKCPmEJaaysQG1eHmrS01AeESZadeGzp/hw8zqyLlxA8t97EXphK269nIPzr8bjkv80uIXOwE3PqfBaPw6hI8cgaBinb/60/InT2J/fncuIpVgKrI5l1MCJMTG3/tFZLfvend45uKDTEULPAffasWvqhlObqSsqEO0h+fBBmYcLGjMCfoNUEgkL4VYpF+lIwzSLNMkVh4UIYTN1B/to47hEh3P3ZcFBoMb3duN6hLnMgnglDx8s1o1Azt3KHKklEYg4NQ38A8HjxyBs+V+I37UDWZfdRFNj7HKaf/vjmpyWphZ8+9KAysoP8I4/gHM+oyWhw8XgGbj0egpeui1BxrmzSD1wUELEcn0+LQn01A6ZMtG6EuEPq9e3gTErJjxyKPwG/D+Ez5qOnlr/3NXDXmvAOh1hV48pfb8OEGiurhav0byH95GwfStCmNVpzEgEWJeT2LxeReofCEbmer9/Lz5cv4r8B54oDfBHWWiwmCtpeuP9Wmq/WgIwNDfj27e2Dp6qD/0Igda6OlSVlqKAS4AuX5RlOdHLl8i8LbUymatVxN66BEjFGWfOapqc4zesQ4bbeRT4eaEqMR5fqj5Dv4n2qHM5UkzWXYmYxfSG1IYvvpmBwMwLqP1mccKl0CpadUEeqlOTxczMtdD5z58j59YNpJ89heRD+xG3bjUiF80X/LkOmhp3bw0jqxlwbBEmH9D5gNt/MvpIdyEgOY+rqpAfGIi082cRs26NLP0Qoj98sGhXNLWJdsy5xJHD8GbsKPmjWZtEh8Q/bOZ00RiYiCJp3x6kHD0k88s5d7hUxAcfAwOEiH1OTBATd21eLhrKy4Rx04u2P5W2piZ8zc1FWUQEch7cR8rRg4hcMBfBXMLDmOHWZTkyVWA1bypnKb9hfyJ46gS8Xb8OqSeOyZrZyvh48ULubzj+1zGT+zEaHsEM3GGNJe0zFp7ha1FQ8f4nb/1N1iW31teLR3hvTzeqGXBcsWbAPzn0dbXuQaCpthY16anizPVu1w6Ez50jzJbOXPInS0QsXqeOWplt/tE6X8alJJY1nn+I04+ah+RyETrMiGPLmpViWqWnbvKBfcg4f1aWTeU/foiSV76oiI1GVfJ7NHz8iIbycjTXVItHKplYb2A4bY2NaKyoQFXSOxQ8e4y0k8cRt24NwufMQsDIoRbBhiFHR1qW2hBDcZIa+AeCRg+XdbUR811kvW3+w/sojw5HTXaGBKXonhHQv+5aU1eOl2/3WaNnMb3hOMmy9PbDY7T9IOBHX0RJM2CtAffFcd2r+1RfVSVxfjO5lvPIITGNxm/egNjVK2V+LGzWdPE6DRxhcEihI5ByBlLLoWTpy/fgCzJXKY4uhkAM1ljY4twycpiscRZtmwEZJo6TuTiGOIxmQIYd28Tjl6ZABmXIvXcXhc+eyDx3eVgoqGlXp6WCS0gaKystEZR64E1wuUrV+yQU+vgg8/o1JG7fAmLEftB6IMt/uEyGuFhzRitBhkuAIue7SGALRqIq8XslTkVdFaqxB7rfKx/R0tqE6AxPmRNmMge3V5Pg6jMefu+O40t9ea/s0+80WjNgHYjjd8aNvqYHEfjW2gKGLOS8LwMv1BUV4Ut2ljCKgrBQmcMsuO+JnDu3kHbmpCwVSdi2GbGrVoiJmqZWrjMNnT5FmKqs7eRymQH/Ey05YNAAi6OLdS2nMHLOfTJAhDVrlBxTWrZ4rQ4Ag0bwHjTbkpEFTx4vz2DeZTJtLiF5u2GdMO3U40eRceEcaB7n+tOPwUEoCwvF1w/ZYhpm6ENmoJIgDYxT3IkmRIcmehF/io6S+fF3O7cjeukShEyZJEt/LEvALF7m0nZGLRs0QPrJta0MGhGzZiVSjx0RMz0jOXEJUG/Q7HtwyPXYo7JLY3A3dIWkN7z02hJL2jNsDXLL4nusDc58kGbAWgN25vjTz+5mBFrr69BQVmZZLpKWKmtXGUaw5LWvOHflut9Gous5pJ46CZq/E7ZvFuYp86MTxkpowqAxI4XBMp6wjSFTm2RcYmrQVsYtwRkUE7cGaRDtUy0lkfltq9ZuZe5k3Lw/TeSRi+Yhdu1KWcLFJBmcb/1w/ZqEPyTjJhOPW7sKDJMoXsjU+G33tu7z+RQeRg2XefWYVcvlOkaHYgjI+vLyPrEEqJuHTY/e/vPXAouXtPdoiSVNJ62r/rOQkPP0l7Pb9WjDu+BhmgHrOeAuGEb6Fr0ZAeW1yzne1sYGNH3+LN6o9cXFom0yk05ZeBiKfV6i4PFDZF2+iPSzjJ60DwnbtiBm/RpErFqBqMULZJ6ZgRSU+Ve0bM5lM1SncS7bajJXy3mMc9kSXYn1rZqr0tSF2VvXUBu1W/9Bf4ipPHrFUiTs2Y3sa1dQFhaC+qIi0ah787vpL21vaWtBVKYHLvlNAdMaWkzS4/A68Thq6uwDNfUlTDQD1hpwXxrPui9OQIAR8Grr6tBY9hFf83JRnZYi3tecFy728QaDM2Rfv4qMC+eRYp3TpnmaMYqp+YZOmYSgiePwZsI4vFHa9ghLDGIyXS794R/3ybAlBvGs6UjYtgnpVy+j8JWvzAE3ff2qI4s54f135SNzSmPhEbLC6qA1Ba4+Y3E3ZDUKPyV25WNMcy/NgK1zwC2tSg8wzbvRDdEI9D0Evn0Dl2HRNN5SVysp75oqKlCWkY5yBsAIChRHKMYHJtNOPXlcPLXprZ1++qSEIvycEI+m6qoec/Lqey/B3D2qri2BV9xeOy/pq/4zEZf9uM+td9cMWDNgc3+NunUaAY1Av0OgubUBURnucGN+YV96SXM7Ab4JR1BT/7HP4KEZsDZB95nBrDuiEdAI9C0Ecsqi4B68FOesgTvOeY/Gw8gNKK5I6RMd7TEGzIxHzN/bWYYjI5qsw7qOWZJYh9mWmO6QuYSNhTmCO6pvrNPRvs6G1BEq+phGQCOgETAHAlW1xfCK++f7vLDveFx+PR3xH56gra3FHI38zVb0CAMOCwvDggULMHr0aMyePRs+Pj6dNpfnWId1eU14eLitblRUFHbs2CG5f69du4a6ujo5x7zCf//9N2JiYmx1f3ZHZ0P6WaR0PY2ARkAj4BwEGEs6OtMdXCvs6jtBvKTP+9JL+ihqaiuc06gueGq3M+Di4mLMnTsXd+/eFa3W29sbM2fORGJie682arY89/LlS6nLa3htQUGBaLxbt261MeS1a9ciNDRUIHj9+jUuXrz4W2vGdDakLhhF+hYaAY2ARqAHEMguDcft4CU2bfjsy1HwSzzVa7NNdTsDfvjwoWitzKupytGjR3HhwgX107a9dOkSjhw5YvvNa7Zv344XL16gsbERy5YtQ05Ojpzfs2cPyMxpet61a5cwbNuFv7BjYcBBaG393r5fuFxX1QhoBDQCGoEeRIAm6ZfiJT0Gp14MhUfoMrR9s5+S7MHm/KdHdTsDPnPmDM6fP2/XSA8PD2GsxoNktv/8849oysbjp0+fxsmTJ0UD3rlzJ6jtkhlTA6bGTOb84MED4yW/tP8yxpIN6Zcu0pU1AhoBjYBGwKkIZJQ8QVjaUXyuTXJqO/7Lw7udAR87dgy3b9+2a6OXl5fM2dodBERTplZrLLdu3QKZMAsds8iMqSU/f/4cNG8fOHBAHLt8fX2F0SuztPEeP9oPSirFwK2vsOt2PHa7J9j97bqdAP2nMdBjQI8BPQbMNQb23EnC3rtp2Hc3Hf94pDiNTm++Foes4pofsZgfnut2Bnzu3DnQtGwsjx49wrZt24yHZH///v2gydpYOLd74sQJ2yE6XpWVlclvMueAgAD5I5P+8OEDdu/ejejoaFv9f9thAA7PkFzsuBmPv+8kyt8e9wTwjwxZf3gaAz0G9BjQY8B8Y2D3bdLpRKHVzno/pmfAN2/etJvXJUMkUz18+HA73njq1Kl2zPrgwYO4fv16u7rp6elism5ubhav6Hv37kkdMnsyfV00AhoBjYBGQCNgZgS6XQOmt/PChQttXs90olq0aBHevHnTDhceW7x4MXJzc+VcQkKCLEVKSmpv4z9+/Di4LInl0KFDtnlgV1fXDh282j1MH9AIaAQ0AhoBjYATEeh2BtzW1iYa75w5c7BixQpZ48s5XDpSsXCd74YNG2Qel0Hd6SHt4uIidWfNmiXX8h7G8urVK9GqVTCOkJAQYcLccj1wVlaWsbre1whoBDQCGgGNgOkQ6HYGrHpM5njjxg0JwkGzsSrUdrneV0WxIhP28/OTukFBQaqa3TY+Ph6FhYV2x2JjY+U+9IzWRSOgEdAIaAQ0AmZHoMcYsNmB0O3TCGgENAIaAY1ATyKgGXBPoq2fpRHQCGgENAIaASsCmgHroaAR0AhoBDQCGgEnIKAZsBNA14/UCGgENAIaAY2AZsB6DGgENAIaAY2ARsAJCGgG3E2gl5eXS+jMkpKSDp9QUVEh56urqzs8z9jYVVVVHZ5TB5k3uampSf005baxqRlFRYXSV6aNdCz0iKdHO/M8q2VljnW+fv1qSz2pzvEYs2SpP96Dx8xcKisrkZ+fL33tqJ0qZzbrdVZYx3FZHut+/PhR1s//25jp7L49ffzLF8v7Ix7GVRGqHbW1tYIV+9VZYV/VtfxeGCGP4WrVmFBbs2PCPrLdnfVV9YuYdFS4cqQjOkJsiEFnGHd0L2ceq6uvR2FhgWChUs0a29PQ0CD9YQjizgqT86glrsY6pMdccaNW2xjPOXNfM+AuRp+EwMPzoax3HjNmDKZMmYKrV6/aGAjPM44110Uz5/Fff/3VYR5jRhBjaM7OCtdPz58/39RrnguLi7Ftxy5MmjRJ+sp14HFxcbYukbDs3bsXEyZMkD/GDXcklvxwmHgjIiLCdh13GLJ01KhRGD9+PMaNG4exY8d2GNzF7iIn/vDyeY158+ZJO9lfRn0zEgMuuVM5s1nP39+/XWuZeIQpOY1CF/cZKW7GjBkYOXKkBLIJDg5ud62ZDsS8TcTSZSvk3fG9MZsZmYQqKSkpWLNmjWA1bdo0MHmLo3DGAD8rV65EaWmpXMbvivcZPny4bTxNnjwZQ4cOBRPCmLGQUVy8fA0zZkwHaQXf4f3790GGykIG6u7uLsdJK4hJamqqXVfYb44lx4Q3xJMxEfh98N6kJT8S7Oxu6oQfaRnZWLtug7w7tpexIYxLSimgcOzzW+d7dXNzQ319vV1LyWA5JozXsYJKgUt6waBQv5ovwO4hXfxDM+AuBpTRvBhAhDGqOWgYrWv69OnyYfFRb9++lfMq5zHDcnJQKE2ZDOjKlSvCXDpjwAw0QiLN+6qoYV3cjf98O2ppzF61e/cuZGZmChZnz56V/M5KgiXDJXPleRLdJUuWSChSEhUWEtl169YJ846JibFrE6/lR6i0HEZY60hqtrvIST8YyW3WzJkiePF98TffH9vPwhjmDD5DRsMxQyI8e/ZsZGRkyHn2i2vlybg3btxox4yePXsmjJvr4GkFoLDHnNoKYyd1udPHUuhauHABLl++LGOXfSexZdpRMhxaSVatWgVGuiNWFCbYHxUTgMyJGdGIFzHi/VShBslxwOs4Lkh4KdR0FElPXePMLWPiz583D5GRkfLeKXSRuSjhi1v2kTEU2CcGMFq9erVN22V/mZxm2LBhtrHE/hBHZpYjrqQVxHj9+vXCqBVzd2a/HZ9NzX61vPNjtvdHwXz58uWSbpbCF8cHBSziwLHO96/yBpBeUCFZunSpCPukJ6qQbpBOqnz0Pj4+MibevXunqjh1qxlwF8NPRsIBYix37twB8xezMA8yPxpV+EFs2rRJiDOZFgkPmQul9uPHj6lqti2lWEq2jHdNQpWdnW07Z6Yd9otCiFHLkw9t9WpJlkFTEaVVI3GksMKcz2Q4jPVNAsIPh1uj5swPkh8jhZneUMgUwsLC7JpKJkKiyEKGy3dqLBS+yExZGN+cBIlMa8+e3TYGTJx4D2PyEY4hEmwl0BnvaYZ9jl8yFiVksU3UWGgJovDJd2pkMjxPa5D6fii4btmyRYQV9p1TOR0V3p+YOmZX66ius45xTCcnJ9s9nt81NVoWxsFn31XhN0MrEq1B1P7YP2q+rEehXRV+ZxRcyWxUIQ6kMzTjmq1wHDP4krFtFC7IUPntUChlvylUqcL+sI8sxIM0gvkAeMxIExlZ8dDh7znmWZ/1zGIV0QxYvdFu3O7bt09MSXwE96m1GAsHCT8kEg3OhbLQTL1vn70JmkyNA+fx48ei4XBQUrrtLYXEhkyXzIHtpknNyKBpTqTGwg+IxEaZzKj1RRkyXNG8xr4zBjgJN6958uRJh3OjZsWG1gBFBEh0r127ZtdURo2jFsOi5sdJaDZv3oLWVktoVmoDZEa0uuzYsQM01zIbmDLL2t3QxD+ePn0qGg7HNwkrhQ1joUBBbYiEmoSZW44hCqBGDdh4DXOEc3yxbm8pNEnzfSqhgfuOghs1QU9PTxHClJWDgtp5V1dbN0lHFKYcMxRsOS4ovPSWQjMxmSktIhQwN2/ebDf1QlM8LYf0g6EQRnpBwYNjIiPzeyjio0eP4IpVkFV9JzbEwwxFM+Bufgs0MVOiV3Ob/KiUOU09mpqN4xwOCcg+wxxw27dWUJNWuZE58EiUSJB6QyHTpImZGi0LNR1+YMb5TH5INEkb57koFVPTUYk3eC0tDOw7pX5qU5wnmzp1qp3Eb2ZM+G5JPNS8J3Na85ixUMhynIIIDAwUAt3a0ipVqTkSUwohJMrEggSa2HDuvDcUml/pD6G0eI5xCqTGwrFCDcfoZEchjcS2I2GjovKzYEArQ28pFD6YIY7vj2OeZmQKEEYLEftCbDhVYSy0qp13vWA8JFrjosWLxQeFPhj0F1EM266iCX9QUOcUjdLgGfufAqaxUDMmPkZLD2niypWrkJ7x3QTNb4Lji+OMDJomaWJBC5oZimbA3fQW6JVI0xCJoTFuNedFHSVRakP8MxbObxgJ8Os8BwsAAAaWSURBVNvESEyePAn37nmChJhmFGp+ZD5mZ8Ic9PygjFre+/fvRTAxElVqMzQ70fysCk1t1IBjDE5YNLOSQBkL8aKJzdFZx1jH2fskrNR2SQCMjiKccjCaGtlOCipKA1btDgwKwrYtW9DWbPF8pwZMxx2a+lXhMyjwkWiZvXAOlP4SxsxofI+0EhkLhS8yWxJQVciASYA7YsDerwOlfkfesOp6M2057ulgxHGurD4UTB2nF9hmjglHBuzmdhFubt8ZMIX9LVs2w+PefcGsouKT0Bea8TtaiWAmLGiK5pigRUsVjg9qwMZvm/O8pBXG908GzLGflWXxneD1pBV0UqQQwj8yXtJV4zSgeo4ztpoBdwPqeXk5IrGTkDjOUdGRwsiI+HhKd7du3bJrCQkRNSNVaIqipkPNicxs7ty5Qnyp+SntQdU10/bJ08fSZkehg8yD871KC2SbyXjZN+NHRYZCwhQZ/d0Ji0TESIx5LZk8zdusb8ZS/qlMPv5t27bZphlUO2kBIRM2FhII+gMYCwWvrVu3ocVqgubYYmpPo9MJ69OES43YrKWpuRFnz52VaQQ62hkLCTDfNzVCVThlQ2uJkQCTAZPYKoal6nJ75PDhDnOIG+uYZf/9+3dYvnyFWLaMwijNyKQLnIpShcyEgogyUavj1IAvWB36eIwWJFpGjAIIBVmmejVal9T1Ztiyvzdv3pB2O3op0wLCb1tZEdlemtbZR+MUg0UDXmm3MoS0gnXS0zOETpJu0MrCtLVmKJoBd/FboOZLKYsMlYPKsfj6+sqHoOZ6yTwdNSJeQ5Mk5zhV4cdHoqT+SHTJwLjt6DnqOmdu6cFKwknHNMdCRklmpD4E9o/9pdBhJLQkHNQEYgyObZSOSUyUUwbNrdR+Hc34js901m/2geZFar9Goqjao8xiijjS+5nWDRIZY7Ew4K22OWDiRIGOZkvOgbGQeFFQ6whz472ctc+xeuPmDezes7tDyw2/CwoVSoOnjwCZjqNAQR8C+gEYhTX2iTiwfnh4qLO6+NPPZds5bh19QtQNaAUxTl/RJEum42hKFgZ8/ry6TByX6DmuTLg8QUbeEV62i5y8w3lZTs9RMHcsZLxkwGr6it+TkXao+mTAfPcUzlSh9kwrZPUXy9p6nqMSYxalRTNg9aa6aEvpauDAgWIeI/MhMeTfyZOnQHbMwUMTCDU9fhCcn6BG7MhEaVresWNnp63iQOK1ZnXCouRJJsJlFTQf8QMiDhQawsMjpV/8CPgx8Bj/SFwcvUKJF4+Hh3/3IqamQMZDUxUxpABDbcHo0NUpcE44QWYyaNAgIQQUJmg6IxbUVOsbGkXgoEOWyoPN7YkTJ9qZ2Xkf4tja+l07pBDCY8SRWxJeR2uKE7rc6SNpeud6TL4zarp878SDc7wFhZYACxQ+Obb5bjmGaJ511HSVkOI4/cKpDWKRlfWdCHfaGCeeoMDJdz5kyBARMOn7wDHBsX7lqsUhjxYO9p0YKFpBs71jobXkhMFaQsGMa8Z5HZkPxwXxVEKN4/XO/s15XMZL4PdMgYR9JRZkpimplvSynM+n1Y/niBEFE3pHGwtN+aSrSpDlOWq/pA2zXWbKWOO4c7RAGu/R0/uaAXcx4tRaKK1zjpZzNfwjQTTO03H+kpow5/0ctRzVHBKq0LBw9bPdllIhJVyjWaZdJSceIMGkVMslNgoHCicULIxSLvd5nPWUVcDYbGr8dKQoLrHP/0wMadYmhjTJGU1RxuvNsM/81RwT/FNY3L59G15eXnamVjrnsT/UdI1WANUHEpzAoAB8g8UJSx0noaZVgPd0NOmqOmbZUnDkuzaOC44JMl1jNCdiRiyIkdE0q/pBYYsMxdGiQGsItR4KbmYuHNd83xwT1OzUuCCt4JpWVWgypYbM48Sko8Lj8Qn2pnzWIyPifXl/I1Pq6B7OPEaNnlNuxjFBmsC2GwUs0kTiQAdFaruOhTSAY8LxHMcPvw9eS2uTmYpmwGZ6G7otGgGNgEZAI9BvENAMuN+8at1RjYBGQCOgETATApoBm+lt6LZoBDQCGgGNQL9BQDPgfvOqdUc1AhoBjYBGwEwIaAZspreh26IR0AhoBDQC/QYBzYD7zavWHdUIaAQ0AhoBMyGgGbCZ3oZui0ZAI6AR0Aj0GwQ0A+43r1p3VCOgEdAIaATMhIBmwGZ6G7otGgGNgEZAI9BvENAMuN+8at1RjYBGQCOgETATApoBm+lt6LZoBDQCGgGNQL9B4P8DBQsQrPFQmSUAAAAASUVORK5CYII=)
· Lack of Wall Street interest: Only three sell-side analysts (Deutsche, Needham and Truist) cover the stock, with two having Buy ratings and one having a Hold rating. Of the six original underwriters from its 2012 IPO, only one maintains coverage today.
· Controlling shareholder: Current Chairman and founder, Jon Oringer, owns close to 40% of the company. Jon had been the CEO since inception until he passed the role to Stan Pavlovsky this past February. I believe many investors are still wary over Jon’s substantial influence given the company’s prolonged period of underperformance.
Why the story is getting better
· New management team: Until this past February, founder Jon Oringer had been the only CEO in the company’s history. Jon is an excellent technologist, but he could have been a better business operator. Under Jon’s leadership, the company was in denial about its slowing growth and spent as if the company was growing in the teens instead of the mid-single digits. Jon finally recognized that he needed to pivot the company for slower but more profitable growth. He brought in Stan Pavlovsky as the Co-COO in April 2019 and elevated him to CEO in February 2020. New CFO Jarrod Yahes joined in late 2019. In addition, Shutterstock hired a new Chief Product Officer and Chief Revenue Officer in March 2020.
· Commitment to margin expansion: Since taking over the reign, Stan and Jarrod have sought to run the company more like a private equity business and tap into its inherent operating leverage potential. Specifically, they set the following objectives:
o Grow the organic business at the market rate of 5-7% by introducing new products and turning around the enterprise segment.
o Increase the lifetime value of existing customers by shifting to subscription.
o Improve gross margin via royalty rate changes, cost optimization and acquisition of wholly owned content.
o Reduce operating expenses, especially G&A. The CFO noted prior management had significant investment in areas with low ROI and staffed too many employees (500) in Manhattan’s Empire State Building.
o Expand EBITDA margin every year. The CFO believes EBITDA margin can eventually reach the high 20%.
o Pay quarterly cash dividend out of free cash flow.
In Q2, the company over-delivered on expectations with an EBITDA margin of 23%, up from 14% in Q1. The result was even more impressive considering Q2 had the full negative impact of COVID-19 and revenue was down only 1% on a constant currency basis. Management cautioned that 2H margin would come down compared to Q2 as they reinvest in partner solutions and performance marketing. However, I believe current consensus estimates are too low.
· Turnaround in enterprise segment: To return revenue growth back to 5-7%, Shutterstock must reverse the decline in the enterprise segment (down mid-single digits in 1H 2020). To that end, Stan brought in a new Chief Revenue Officer with a deep sales management experience. The enterprise team will reorient its focus from customer service to sales and be given more product packages to sell. Shutterstock is also adding more partner solutions offerings, such as the integration with Facebook and Microsoft Advertising. Management believes enterprise billings should grow by Q4 2020.
· Improved investor relations: Prior management had a poor reputation with Wall Street, having missed its guidance over consecutive quarters. The current CFO aims to reverse that perception by providing more conservative guidance. He has made himself more accessible to calls with investors. The company created a new interactive IR microsite to better educate investors with additional metrics such as subscription and revenue mix by verticals.
· Additional sell-side coverage: To get more investors to notice the positive changes at Shutterstock, management realized it must have more sell-side coverage, especially from the bulge-bracket brokers. The August secondary offering will usher in four new sell-side analysts: BofA, Morgan Stanley, Stifel and JMP Securities. I believe these analysts will initiate their research coverage soon.
Valuation
The company currently trades at 12x 2020 EBITDA. I believe consensus estimates are too low as evidenced by over-delivery in margin in Q2. In my downside scenario, I project 2021 revenue growth of 2%, below market growth of 5-7%, while the EBITDA margin expands from 18.2% to 19.0% (see Table 1). In my upside case, I project 2021 revenue growth at the high end of market growth of 5-7% while the EBITDA margin expands from 18.2% to 21.0%. At its current share price of $49, I believe Shutterstock offers an asymmetric payoff profile of at least 4:1, with $45 in a downside scenario (10x lower 2021 EBITDA) and $70 in an upside scenario (15x higher 2021 EBITDA). I believe there is more upside above $70 as the company demonstrates multi-quarter progress and investors contemplate EBITDA potential beyond 2021.
Table 1: Shutterstock Financial Projection
$mm
|
2019
|
2020
|
Base
2021
|
Downside
2021
|
Upside
2021
|
Revenue
|
651
|
651
|
683
|
664
|
696
|
YoY
|
4.4%
|
0.0%
|
5.0%
|
2.0%
|
7.0%
|
|
|
|
|
|
|
EBITDA
|
96
|
118
|
137
|
126
|
146
|
Margin
|
14.8%
|
18.2%
|
20.0%
|
19.0%
|
21.0%
|
Risks
Pricing compression: The prices at Shutterstock are comparable to those at Getty Images and Adobe for similar products. In recent years, freemium sites have offered aggressive pricing that could eat into Shutterstock’s market share. However, these freemium sites appeal to lower end of the market given their lesser brand reputation and limited inventory of high-quality assets.
Execution on enterprise: Management admitted this segment has the most work to do. However, given years of poor execution under the prior leadership team, I believe there is more upside potential.
Controlling shareholder: Jon Oringer could potentially exert a detrimental influence, but I do not believe this will be the case as his goals appear aligned with the new direction of the company.
I do not hold a position with the issuer such as employment, directorship, or consultancy.
I and/or others I advise hold a material investment in the issuer's securities.
Catalyst
Better than expected margin expansion
Revenue growth re-acceleration driven by enterprise turnaround
Increased sell-side coverage