SlideShare a Scribd company logo
1 of 34
Download to read offline
!"#$!%&'"$(!)*+)'(+%*,-#.*#&'
        /!%'%*,+)&%'
          0!"(+%1
#23456'72',283696:;<='72'*3>65?<8@A3
               0#,*1


    !"#$%&'()*"+,(-'(./'010*2"
3%$4'05$6(78'-'9(-'(:%'+(;$&1"+,<

             )*"+"0*+0*2"6
         )8!=:(>(.?3@A(>(;B!(


            8'9C$"9+D,'96
       !"#$%&'()'*+',(-.()/.0.
       123$'#(45/62(7/.(8.95.


    9':;$'<=#'(>??@(A(45;&=#'(>??B
,<B9<'72'#63423@76=
CD )2=E?23
   *34567E88@A3
   !"(*2(C*;$<2(DE52D2(/'<6F(:#'F'"5$2D6(&"2(#'36*&5$G"('"(*2F(56<&"$525$6"'FH
   ;'*'I6"J2(5'*&*2#K(L";'#"';K(3$D'656"I'#'"5$2K(';5.(()'#6(<&5/6(D'('F;2(#'36*&5$G"
   F'(/2(D2D6(F6*6('"(*6F(:2JF'F(D'F2##6**2D6F(M('"(+#'2F(&#=2"2F(D'(:2JF'F('"(3J2F
   D'(D'F2##6**6.( (8$'";#2F(%&'('*(&F6(D'(;'5"6*6NJ2F(5'*&*2#'F(:&'D'(D$F<$"&$#('*
   ;$'<:6 (D' ($<:*'<'";25$G" ( D'( #'D'F(D'( 255'F6( '"( ,6"2F(#'<6;2FK ( '*( 56F;6 (D'
   $<:*'<'";2# ( 'F;2F ( F6*&5$6"'F ( "6 ( 'F ( 3$2=*' ( :2#2 ( *2F ( '<:#'F2F ( D'
   ;'*'56<&"$525$6"'F.((

   0'FD'('*(<'F(D'(9':;$'<=#' (D'(>??@K(*&'N6(D'(F'#('*'N$D6('"('*(56"5&#F6(D'
   I$"2"5$25$G"(D'*(O6"D6(P'N$6"2*(:2#2(*2(L""6325$G"(0$N$;2*('"(Q<E#$52(R2;$"2(M('*
   72#$='(SOPL0QTK(F'(**'32(2(52=6('*(:#6M'5;6(UP'D'F(D'(V#'2(76<&"2*W.((!"('F;'
   :#6M'5;6 ( F' ( 'X:*6#2 ( '* ( &F6 ( D'* ( 'F;+"D2# ( D' ( 56<&"$525$G" ( Y?>.ZZ= ( 56<6
   ;'5"6*6NJ2(D'(255'F6(D'(*2#N2AD$F;2"5$2.((!F;2(;'5"6*6NJ2('F(#'*2;$32<'";'(=2#2;2K
   D2D2(*2(56<:';'"5$2(M(*2(:#6D&55$G"('"(<2F2(M('F(:6#('F;6(2;#25;$32(:2#2(&"2
   $<:*'<'";25$G" ( #+:$D2 ( M ( D' ( =2[6 ( 56F;6 ( D' ( #'D'F ( D' ( 56<&"$525$G" ( '" ( ,6"2F
   #&#2*'F.(

   +BF24@G6=

      !   '"'#2# ( &"2 ( P'D( D' ( Q#'2 ( 76<&"2*K ( '";#' ( B ( 56<&"$D2D'F ( #&#2*'F ( M( &"
          7'";#6 ( D' ( Q:#'"D$,2[' ( 8G3$* ( 6:'#2"D6 ( M2 ( '" ( *2 ( ,6"2 ( D' ( '['5&5$G" ( D'*
          :#6M'5;6.

      !   7#'2#(M(:#6=2#(&"(F$F;'<2(<6D&*2#(D'(52:25$;25$G"K(D$#$N$D6(2(<$'<=#6F(M
          *JD'#'F(D'(*2(56<&"$D2DK(:2#2('*(D'F2##6**6(D'(:#6M'5;6F(D'($";'#EF(F65$2*(M
          '"('*(&F6(M(N'F;$G"(D'(*2F(]L7F.

      !   !*2=6#2#(&"(D65&<'";6(%&'($*&F;#'('*(D$F'^6K($<:*'<'";25$G"(M(&;$*$,25$G"
          D'(*2(;6:6*6NJ2(D'(#'D(5#'2D2K(:2#2(%&'(:&'D2(F'#(#':*$52D6('"(6;#2F(,6"2F
          #&#2*'F(D'(*2(#'N$G".

      !   !*2=6#2# ( &"(D65&<'";6 (%&' (D'F5#$=2 ('* ($<:25;6K( ;2";6 (D'*(255'F6 (2 (*2F
          ]L7FK ( 56<6 ( D' ( *2 ( 52:25$;25$G"K ( ( '" ( *2F ( 56<&"$D2D'F ( 2I'5;2D2F. ( ( !F;'
          D65&<'";6(F'#3$#+(D'(=2F'(:2#2(<'D$#(*2('I'5;$3$D2D(D'*(:#6M'5;6.

H2467696:;<

)2#2(*2('*2=6#25$G"(D'('F;'(:#6M'5;6(S9':;$'<=#'(>??@(2(45;&=#'(>??BT(F'(**'32#6"(2
52=6(D$3'#F2F(25;$3$D2D'F(%&'(F'(:&'D'"(5*2F$I$52#('"(D6F(N#2"D'F(+#'2FH
76"F;#&55$G"(D'(*2(P'D(M(72:25$;25$G".(Q(56";$"&25$G"(F'(#'F&<'"('F;2F(25;$3$D2D'FH




      !   #63=45E88@A3'72'9<')27
)2#2 ( #'F6*3'# ( '* ( :#6=*'<2 ( D' ( 56"'5;$3$D2D ( '";#' ( *2F ( 56<&"$D2D'F ( F'
    :#65'D$G(2(D$F'^2#(&"2(P'D(D'(Q#'2(76<&"2*(SPQ7T.((76<6(:#$<'#(:2F6
    :2#2('F;'(D$F'^6(F'($"F:'55$6"G('*(+#'2(N'6N#+I$52(D6"D'(D'=J2(I&"5$6"2#
    '*(F$F;'<2K(F'(*652*$,G(*2F(:6F$=*'F(&=$525$6"'F(D'(*6F("6D6F(D'(255'F6(M
    F'( *'32";G ($"I6#<25$G" ( F6=#' (*2($"I#2'F;#&5;&#2('X$F;'";' ('"( 'F6F ( :&";6F
    S;'"D$D6 ( '*E5;#$56K ( <6=$*$2#$6T. ( ( 76" ( 'F;2 ( $"I6#<25$G" ( F' ( :#65'D$G ( 2 ( *2
    '*'55$G" ( D' ( *2 ( ;'5"6*6NJ2 ( _$#'*'FF ( 2 ( &;$*$,2# ( S:2#2 ( 'F;' ( 52F6K ( '%&$:6F
    =2F2D6F('"('*('F;+"D2#(Y?>.ZZ=TK(M(F'('F;2=*'5$G(*2F(52#25;'#JF;$52F(D'(*2
    $"I#2'F;#&5;&#2(D'(;'*'56<&"$525$6"'F (S'%&$:6F(D'(#'D(`$#'*'FFK(2";'"2FTK
    $"I#2'F;#&5;&#2 ( 56<:&;25$6"2* ( S56<:&;2D6#'FK ( &:FT ( ' ( $"I#2'F;#&5;&#2 ( 5$3$*
    S2";'"2FK(:6F;'FT.( (Q(:2#;$#(D'('F;2($"I6#<25$G"(F'('*2=6#G(&"(D65&<'";6
    D'(D$F'^6.

    !* ( F$N&$'";' ( I&' ( *2 ( $<:*'<'";25$G" ( #'2* ( D' ( 'F;' ( D$F'^6. ( ( )2#2 ( 'F;6 ( F'
    56<'",G(56"(*2(2D%&$F$5$G"(D'(*6F('%&$:6F(2(&"(:#63''D6#(*652*K(:#65'F6
    %&'K( 2&"%&' (2( :#$<'# (:2F6 (:2#'5J2 ( F'"5$**6K ( D'=$D6 ( 2 (:#6=*'<2F ( 56" ( '*
    :#63''D6#(S'##6#('"(*6F('%&$:6F(D'(#'D('";#'N2D6FT(;6<G(<+F(;$'<:6(D'(*6
    :#'3$F;6.((7&2"D6(I$"2*<'";'(F'(;&3$'#6"(*6F('%&$:6F(56##'5;6FK(F'(:#65'D$G
    2 ( F& ( $"F;2*25$G" ( '" ( *2F ( &=$525$6"'F ( %&' ( M2 ( /2=J2" ( F$D6 ( :#'3$2<'";'
    /2=$*$;2D6F(:2#2 (2*='#N2#( '*("6D6 (D' (255'F6. ( ( !*(:2F6 (<+F (D'*$52D6 (D'*
    :#65'F6 ( D' ( $<:*'<'";25$G" ( I&' ( *2 ( 56"I$N&#25$G" ( M ( 2:&";2<$'";6 ( D' ( *6F
    '%&$:6F. ( ( R&'N6 ( D' ( 32#$6F ( $";'";6F ( S52<=$6 ( D' ( 52"2* ( D' ( ;#2"F<$F$G" ( M
    2:&";2<$'";6 ( I$"6TK ( F' ( **'NG ( 2 ( &"2 ( 56"I$N&#25$G" ( %&' ( #'5$=J2 ( *2 ( <'"6#
    $";'#I'#'"5$2(M(*6N#2=2('"*25'F(2D'5&2D6F(:2#2(*6F(:#6:GF$;6F(D'*(:#6M'5;6.

    !*(C*;$<6(:2F6(I&'(*2F(:#&'=2F(#'N&*2#'F(D'*(F$F;'<2.((9'(:#65'D$G(2(<'D$#
    '* ("$3'*( 9aP (S9$N"2*( ;6( a6$F'(P2;$6T(D' (*6F( '"*25'F ('";#' (*2F(D$I'#'";'F
    56<&"$D2D'FK(2FJ(56<6(;2<=$E"('*(#';#2F6(M(:'#D$D2(D'(:2%&';'F.((]6D2F
    *2F(56"'X$6"'F(5&<:*$'#6"(56"(*6F(#'%&'#$<$'";6F(<J"$<6F.

    Q5;&2*<'";' ( *6F ( '"*25'F ( '";#' ( *2F ( 5$"56 ( 56<&"2F ( D' ( *2F ( 7Qa ( 'F;+"
    ;'#<$"2D6F(M(:#6=2D6F.(]6D6F (*6F(F$;$6F(;$'"'"(&"2(5*2#2(56"'X$G"('";#'
    '**6F ( 56" ( &" ( 2"5/6 ( D' ( =2"D2 ( ;'G#$56 ( D' ( ZZ ( <=:F ( M ( :#+5;$56 ( D'
    2:#6X$<2D2<'";'(Z(<=:FK(<+F(%&'(F&I$5$'";'(:2#2(2:*$525$6"'F(D'(L";'#"';
    M(2D'5&2D6(:2#2(2:*$525$6"'F(D'(3$D'656"I'#'"5$2.


!   #<I<8@4<8@A3
    02D6(%&'(*2($"F;2*25$G"(D'(;'5"6*6NJ2(M('*(255'F6(2(L";'#"';(:6#(F$(F6*6F("6
    *6N#2(;'"'#("$"NC"($<:25;6('"(*2F(56<&"$D2D'FK(D'";#6(D'('F;'(:#6M'5;6(F'
    52:25$;G(2(&"(N#&:6(D'(56<&"'#6F(S*JD'#'F(M([G3'"'F('<:#'"D'D6#'FT('"('*
    &F6(2D'5&2D6(D'(*2(;'5"6*6NJ2(M('"('*(D$F'^6(D'(:#6:&'F;2F(:2#2(:#6M'5;6F
    :#6D&5;$36F.

    !"('*(+#'2(;'5"6*GN$52(F'(52:25$;G(2(*6F(D6F(#':#'F'";2";'F(:6#(56<&"$D2D
    '"H(2<=$'";'F(_$"D6`FK(&"(:#65'F2D6#(D'(:2*2=#2FK(&"2(/6[2('*'5;#G"$52('
    L";'#"';K(2FJ(56<6('"('*(&F6(D'(/'##2<$'";2F(:2#2(*2(N'F;$G"('<:#'F2#$2*.
R6F(;&;6#'F(I&'#6"(:'#F6"2*(D'*(7]LK(*6F(<$F<6F(%&'(N'"'#2#6"('*(<2;'#$2*
      D'(F6:6#;'(:2#2(*6F('";#'"2<$'";6F.

      !"('*(+#'2(D'(D$F'^6(D'(:#6M'5;6F(F'(;#2=2[G(56"(5&2;#6(#':#'F'";2";'F(:6#
      56<&"$D2DK(*6F(5&2*'F(#'5$=$'#6"(&"(;2**'#(D'(D$F'^6(D'(:#6M'5;6F(D'";#6
      D'*(5&+*(F'(/$,6('*(F'N&$<$'";6(D'(*2F(25;$3$D2D'F("'5'F2#$2F(:2#2(**'N2#(2
      *2(:#'F'";25$G" (D'(&"(:'#I$*(D'(:#6M'5;6(56<&"$;2#$6(%&'(:'#<$;2(<'[6#2#
      &"6(D'(*6F(:#6=*'<2F(%&'(52D2(56<&"$D2D(D';'5;G($"$5$2*<'";'.

      !* ( :#6M'5;6 (56"F$D'#G (D' (3$;2*( $<:6#;2"5$2 ( "6 ( FG*6 ( *2 (52:25$;25$G" ( '" ( '*
      +#'2 ( ;'5"6*GN$52K ( F$"6 ( '" ( '* ( +#'2 ( D' ( :#6M'5;6FK ( 56" ( *2 ( $D'2 ( D' ( %&' ( '*
      D'F2##6**6(*652*('<:$'5'(56"('*(D'F2##6**6(D'(*2(<2F2(5#J;$52(*652*.((((

)2=E94<76=

76<6(#'F&*;2D6(D'('F;'(:#6M'5;6(:6D'<6F(5$;2#(*6F(F$N&$'";'F(*6N#6FH

   ,28369A:@86=
      ! 0$F'^6('($<:*'<'";25$G"(D'(&"2(#'D($"2*+<=#$52(D'(=2[6(56F;6(Sb(c90
        >???(:6#("6D6T(%&'('"*2,2(2(B(56<&"$D2D'F (D'";#6(D'(&"(+#'2(5&M6
        D$+<';#6('F(D'(Z?(d<.
      ! 76"'X$G"(D'('F;2F(5'*D2F(2(L";'#"';(2(;#23EF(D'(&"('"*25'($"2*+<=#$56
        56"(&"(5'";#6(<G3$*(D'(2:#'"D$,2['(D'";#6(D'*(+#'2(D'(56='#;&#2(D'(*2
        #'D.
      ! 065&<'";6(%&'(#'F&<'(*6F(:2F6F(:2#2(*2(#':*$525$G"(D'('F;'(;$:6(D'
        #'D'F.
      ! 72:25$D2D(*652*(:2#2('*(5&$D2D6(M(<2";'"$<$'";6(D'*("6D6(D'(255'F6(S>
        ;E5"$56F('"(52D2(56<&"2T

   "68@<92=
     ! >? ( 56<&"'#6F ( S@ ( :6# ( 56<&"2T ( /2" ( F$D6 ( 52:25$;2D6F ( '" ( '* ( &F6 ( D'
         /'##2<$'";2F(;'5"6*GN$52F(=+F$52F(Sc;$*$;2#$6F(6I$5$"2K("23'N25$G"(_'=T
     ! >?(56<&"'#6F(S@(:6#(56<&"2T (/2"(F$D6(52:25$;2D6F ('"('*(D$F'^6(D'
         :#6M'5;6F(F65$2*'F
     ! @ ( :#6:&'F;2F ( D' ( :#6M'5;6F ( :2#2 ( <'[6#2# ( *2 ( 52*$D2D ( D' ( 3$D2 ( D' ( *2F
         56<&"2F(I&'#6"('*2=6#2D6F(:6#(*6F(56<&"'#6F(52:25$;2D6F.
     ! > ( D' ( 'F;2F ( :#6:&'F;2F ( 'F;+" ( F$'"D6 ( 56"F$D'#2D2F ( :2#2 ( 6=;'"'#
         I$"2"5$2<$'";6(D'('";$D2D'F("25$6"2*'F
     ! 065&<'";6(%&'(#'F&<'('*($<:25;6(F65$2*(%&'('F;'(:#6M'5;6(/2(;'"$D6
         '"(*2F(56<&"$D2D'F(2I'5;2D2F.

#6389E=@632=
Q"2*$,2"D6(*6F(#'F&*;2D6F(6=;'"$D6FK(:6D'<6F(**'N2#(2(32#$2F(56"5*&F$6"'F(25'#52
D'*($<:25;6(%&'('F;'(:#6M'5;6(/2(;'"$D6('"(*2F(56<&"$D2D'FH
!   !"#$%&%'"(')**"+$'&'(&',-.$%/&*,0-
    )2#2 ( :'#5$=$# ( *2 ( #'2* ( D$<'"F$G" ( D' ( 'F;' ( :&";6 ( /2M ( %&' ( 56";'X;&2*$,2#*6
    D'";#6(D'(*2(#'2*$D2D(D'(*2(,6"2.(((!"('F;2F(56<&"$D2D'FK(:#+5;$52<'";'K('*
    C"$56(255'F6(2(&"(56<:&;2D6#('F(2(;#23EF(D'(*6F(*2=6#2;6#$6F(56"(%&'(F'
    /2 ( D6;2D6 ( 2 ( *2F ( 'F5&'*2F ( D' ( *2 ( ,6"2 ( 2 ( ;#23EF ( D' ( 6;#6F ( :#6M'5;6F. ( ( ( e
    <&5/2F ( 3'5'F ( 'F;6F ( *2=6#2;6#$6F ( F6" ( #6;2;$36FK ( 32" ( <63$*$,+"D6F' ( D'
    56<&"$D2D('"(56<&"$D2D.((((((e(*2(:#$"5$:2*(*2=6#(D'('F;6F(*2=6#2;6#$6F(32
    '"52<$"2D2(2*(+#'2('D&52;$32

    )6#(*6(;2";6K('*('"*25'(2*(L";'#"';('F(<&5/6(<2F(56<:*$52D6(%&'('*(255'F6
    2( &" ( 56<:&;2D6#. ( ( ( ( (0'(2**J(%&'( '* (:#6M'5;6 ( 2*( =#$"D2# ( '*( 255'F6 ( 2( &"
    56<:&;2D6# ( 56"'5;2D6 ( 2* ( L";'#"';K ( :2#2 ( '* ( &F6 ( 56<&"$;2#$6K ( <'[6#2
    56"F$D'#2=*'<'";'('*(255'F6(2($"I6#<25$G"(C;$*(:2#2(*2F(25;$3$D2D'F(D'(*2
    ,6"2 ( M ( *2F ( 25;$3$D2D'F ( '";#' ( *2F ( 56<&"$D2D'F ( 2*'D2^2F ( %&' ( :6D#J2"
    N'"'#2#(&"(I#'";'(56<C"(D'(255$G".

!   !"#$%&%'(&'1%2&-,3&*,0-'4$/5-,6&%,&
    !* ( :#6M'5;6 ( /2 ( 2=$'#;6 ( *J"'2F ( D' ( 56<&"$525$G" ( '";#' ( *6F ( *JD'#'F
    56<&"$;2#$6F(M(*6F(D$#'5;$36F(D'(*2(56<&"2.((a6(:6D'<6F(D'5$#(%&'(*&'N6
    D'*(:#6M'5;6("6('X$F;'"(:#6=*'<2F('"(5&2";6(2(*2(6#N2"$,25$G"(56<&"$;2#$2K
    :'#6(/2M(%&'(D'F;252#(%&'(56"('*(:#6M'5;6(F'(2=#$G(&"('F:25$6 (:2#2 (*2
    :#+5;$52 ( D' ( *$D'#2,N6K( '* (;#2=2[6 ( '" ( 56"[&";6K (*2 ( N'"'#25$G" ( D' ( $D'2FK ( *2
    $D'";$I$525$G"(D'(25;6#'F(5*23'F(D'(*2(56<&"$D2DK ('";#'(6;#2F(25;$3$D2D'F
    "'5'F2#$2F ( :2#2 ( '<:',2# ( 2 ( <63$*$,2# ( 2 ( *2F ( :'#F6"2F ( /25$2 ( &"2 ( <'[6#
    6#N2"$,25$G".(((f'<6F(2:6#;2D6(56"(25;$3$D2D'F(%&'(2M&D2"(M(:#6<&'3'"
    *2 ( :2#;$5$:25$G" ( D' ( *6F ( /2=$;2";'F ( D' ( *2 ( 56<&"2 ( '" ( *2 ( $D'";$I$525$G" ( M
    F6*&5$G"(D'(F&F(:#6=*'<2F.

!   4%"&%'*&7&*,8&8'7&%&'"('9,+":$'8"';%$<"*6$+
    9' ( /2 ( 52:25$;2D6 ( 2 ( *JD'#'F ( D' ( *2 ( ,6"2K ( :2#2 ( %&' ( :&'D2" ( $D'";$I$52#
    :#6=*'<2F ( %&' ( :&'D'" ( F'# ( #'F&'*;6F ( 2 ( ;#23EF ( D' ( &"2 ( 56<&"$D2D
    6#N2"$,2D2K( (N'F;$6"2"D6 (#'5&#F6F(2(;#23EF(D'*(D$F'^6(D'(:#6M'5;6F(%&'
    D'<&'F;#'"('*(56"65$<$'";6(D'*(:#6=*'<2(M(D'(*2(F6*&5$G"(:#6:&'F;2.

!   =-6"2%&*,0-'8"'(&'>"*-$($2?&'&'(&'@,8&'*$/5-,6&%,&
    !* ( D'F56"65$<$'";6 ( F6=#' ( *2F ( "&'32F ( ;'5"6*6NJ2F ( 52&F2=2 ( ;'<6# ( '" ( *2
    :6=*25$G"K(%&'(3'J2('*(255'F6(2(&"(56<:&;2D6#K (M(2*(L";'#"';K(56<6(2*N6
    D$F;2";'(2('**6F(M(D$IJ5$*(D'(56"F'N&$#.( ( ( ( (!#2"(#'25$6F(2(2:#'"D'#(F6=#'
    'F;2F(;'5"6*6NJ2F(F6=#'(;6D6(:6#(*2(I2*;2(D'(*6F('%&$:6F("'5'F2#$6F(:2#2
    :#25;$52#(*6(2:#'"D$D6.

    Q*($"56#:6#2#(*2F(]L7F('"('*(+#'2(56<&"2*K(2D'<+F(D'*(+#'2('D&52;$32(2(*2
    5&+*(F'(**'NG(2";'#$6#<'";'K(('F(52D2(3',(<2F(I#'5&'";'(F&(&F6K("6(FG*6(:6#
    :2#;'(D'(*6F("$^6F(D'(*2(,6"2K(F$"6(2D'<+F(:6#(*6F(*JD'#'F(56<&"$;2#$6F(M
    :6=*2D6#'F('" ( N'"'#2*K ( *6( %&' ( 2M&D2 ( 2 ( $"56#:6#2#*6F ('" (*2 ( #'2*$D2D ( %&'
    'F;2<6F(3$3$'"D6K(%&'('F(*2($"56#:6#25$G"(D'(*2F(]L7F('"(*2(3$D2(56;$D$2"2.
f2M(<&5/2F ($D'2F(M(25;$3$D2D'F(%&'(F'(:&'D'" (D'F2##6**2#(:2#2(2:#63'5/2#(*2
;'5"6*6NJ2 ( $"F;2*2D2 ( '" ( *2 ( ,6"2K ( ( ;6D2F ( '"52<$"2D2F ( 2 ( %&' ( *2F ( 56<&"$D2D'F
2:#63'5/'"('"(;6D2F(*2F(+#'2F(:6F$=*'F(*2("&'32(56"'X$G"('X$F;'";'('";#'('**2F(M
'*(<&"D6.((02D6F(*6F(#'F&*;2D6F(6=;'"$D6F('"(*2F(56<&"$D2D'FK('F;2F(25;$3$D2D'FK
;2*'F ( 56<6 ( D'F2##6**6 ( M ( <2";'"$<$'";6 ( D' ( &" ( :6#;2* ( 56<&"$;2#$6K ( 255'F6 ( 2
=$=*$6;'52F ( D' ( $"I6#<25$G" ( S'F;&D$2";'FTK ( '";#' ( 6;#6FK ( F' ( D'F2##6**2#+" ( 2
56";$"&25$G"(D'(*2(I$"2*$,25$G"(D'('F;'(:#6M'5;6.
JD *34567E88@A3

!" ( *2 ( C*;$<2 ( DE52D2 ( /'<6F ( :#'F'"5$2D6 ( &"2 ( #'36*&5$G" ( '" ( *2F ( 56<&"$525$6"'FH
;'*'I6"J2(5'*&*2#K(L";'#"';K(3$D'656"I'#'"5$2K(';5.( ()'#6(<&5/6(D'('F;2(#'36*&5$G"(F'
/2(D2D6(F6*6('"(*6F(:2JF'F(D'F2##6**2D6F(M('"(+#'2F(&#=2"2F(D'(:2JF'F('"(3J2F(D'
D'F2##6**6.((8$'";#2F(%&'('*(&F6(D'(;'5"6*6NJ2F(5'*&*2#'F(:&'D'(D$F<$"&$#('*(;$'<:6(D'
$<:*'<'";25$G" ( D' ( #'D'F ( D' ( 255'F6 ( '" ( ,6"2F ( #'<6;2FK ( '* ( 56F;6 ( D' ( $<:*'<'";2#
'F;2F(F6*&5$6"'F("6('F(3$2=*'(:2#2(*2F('<:#'F2F(D'(;'*'56<&"$525$6"'F.((

!F;2 ( :#6M'5;6 ( =&F52 ( 'X:*6;2# ( *2F ( ;'5"6*6NJ2F ( M2 ( $<:*2";2D2F ( '" ( *2 ( ,6"2 ( :2#2
D'F2##6**2#(*2F(52:25$D2D'F(*652*'FK(56"(*6F(*$D'#'F(D'(*2F(56<&"$D2D'FK(5#'2"D6(&"2
"&'32(;6:6*6NJ2(D'(#'D(%&'(F'(2[&F;'(2(*2F("'5'F$D2D'F(D'(56<&"$525$G"(D'('F;2F
56<&"$D2D'F ( #&#2*'FK ( &"2 ( ;6:6*6NJ2 ( %&' ( *2 ( D'"6<$"2<6F ( Q#'2 ( D' ( P'D ( 76<&"2*
S76<&"2(Q#'2(a';`6#g(h(7QaT('"('F;'(:#6M'5;6.

R2 ( 7Qa ( #':#'F'";2 ( &"2 ( ;6:6*6NJ2 ( D' ( #'D ( $"2*+<=#$52 ( D$F'^2D2 ( :2#2 ( #'F6*3'# ( '*
:#6=*'<2 ( D' ( 56"'5;$3$D2D ( '";#' ( ,6"2F ( D6"D' ( *2 ( $"F;2*25$G" ( D' ( $"I#2'F;#&5;&#2
2:2#'";2(F'#(;6D23J2('56"G<$52<'";'(:#6/$=$;$36.(!F;2(;6:6*6NJ2(:'#<$;$#+(#'F6*3'#('*
:#6=*'<2(D'(56"'5;$3$D2D(D'(*2F(56<&"2F(2:2#;2D2F(D'(*2(:'"J"F&*2(D'(92";2(!*'"2.

!F;2(;6:6*6NJ2(F'(=2F2('"(*2(5#'25$G"(D'(5'*D2F($"2*+<=#$52FK(D6"D'(&"2(76<&"2
7'";#2*(D2(F'#3$5$6(2(*2F(D'<+F(56<&"2F.((!F;2F(5'*D2F(F'(F&:'#:6"'"('"(2*(<'"6F
&"2(56<&"2K(%&'(F'(56"3$'#;'('"(&"2(76<&"2(D'('"*25'.((R2(76<&"2(D'('"*25'(*2
56"F$N"2 ( D' ( 56"'5;2# ( *2F ( D6F ( 5'*D2F ( $"2*+<=#$52F ( F$N&$'";'F. ( ]6D6 ( 'F;' ( F$F;'<2
;'"D#+('*(255'F6(2(L";'#"';(2(;#23EF(D'*(7'";#6(76<&"$;2#$6(8G3$*(D'(Q:#'"D$,2['K(M2
F'2(D'";#6(D'*(#2"N6(D'(2*N&"2(D'('F;2F(5'*D2FK(6(25;&2"D6(56<6('*(a6D6(7'";#2*(D'
*2(5'*D2.((!F;2(56"I$N&#25$G"(F'(:&D'(2:#'5$2#(<'[6#('"(*2(O$N&#2(Z.(((

76<6(:2#;'(D'*(:#6M'5;6K(F'(=&F5G(5#'2#(*2F(52:25$D2D'F(*652*'F(:2#2(6:'#2#K
N'F;$6"2#(M('X:*6;2#(*2F(3'";2[2F(D'(255'F6(2(*2($"I6#<25$G"(M(2('X:'#;6F('"(;'<2F
#'*25$6"2D6F(56"(*2(F6*&5$G"(2(:#6=*'<2F(D'(*2(56<&"$D2DK(D$#$N$D6("6(F6*6(2(*6F
*JD'#'F(D'(*2F(56<&"$D2D'FK(F$("6(2(*6F(<$'<=#6F(D'(*2(56<&"$D2D('"(N'"'#2*(D6"D'
F'('['5&;2('*(:#6M'5;6.((

0'FD' ( '* ( <'F ( D' ( 9':;$'<=#' ( D' ( >??@K ( *&'N6 ( D' ( F'# ( '*'N$D6 ( '" ( '* ( 56"5&#F6 ( D'
I$"2"5$25$G"(D'*(O6"D6 (P'N$6"2*(:2#2(*2(L""6325$G" (0$N$;2*('"(Q<E#$52(R2;$"2 (M('*
72#$='( SOPL0QTK(F'( **'32(2( 52=6 ('* (:#6M'5;6 ( UP'D'F ( D'( V#'2 ( 76<&"2*W. ( (!" ('F;'
:#6M'5;6(F'('X:*6#2('*(&F6(D'*('F;+"D2#(D'(56<&"$525$G"(Y?>.ZZ=(56<6(;'5"6*6NJ2
D' ( 255'F6 ( D' ( *2#N2AD$F;2"5$2. ( ( !F;2 ( ;'5"6*6NJ2 ( 'F ( #'*2;$32<'";' ( =2#2;2K ( D2D2 ( *2
56<:';'"5$2 ( M ( *2 ( :#6D&55$G" ( '" ( <2F2 ( M ( 'F ( :6# ( 'F;6 ( 2;#25;$32 ( :2#2 ( &"2
$<:*'<'";25$G"(#+:$D2(M(D'(=2[6(56F;6(D'(#'D'F(D'(56<&"$525$G"('"(,6"2F(#&#2*'F.




R6F(6=[';$36F('F:'5JI$56F(D'('F;'(:#6M'5;6(F6"H
!   '"'#2# ( &"2 ( P'D( D' ( Q#'2 ( 76<&"2*K ( '";#' ( B ( 56<&"$D2D'F ( #&#2*'F ( M( &"
           7'";#6 ( D' ( Q:#'"D$,2[' ( 8G3$* ( 6:'#2"D6 ( M2 ( '" ( *2 ( ,6"2 ( D' ( '['5&5$G" ( D'*
           :#6M'5;6.

       !   7#'2#(M(:#6=2#(&"(F$F;'<2(<6D&*2#(D'(52:25$;25$G"K(D$#$N$D6(2(<$'<=#6F(M
           *JD'#'F(D'(*2(56<&"$D2DK(:2#2('*(D'F2##6**6(D'(:#6M'5;6F(D'($";'#EF(F65$2*(M
           '"('*(&F6(M(N'F;$G"(D'(*2F(]L7F.

       !   !*2=6#2#(&"(D65&<'";6(%&'($*&F;#'('*(D$F'^6K($<:*'<'";25$G"(M(&;$*$,25$G"
           D'(*2(;6:6*6NJ2(D'(#'D(5#'2D2K(:2#2(%&'(:&'D2(F'#(#':*$52D6('"(6;#2F(,6"2F
           #&#2*'F(D'(*2(#'N$G".

       !   !*2=6#2# ( &"(D65&<'";6 (%&' (D'F5#$=2 ('* ($<:25;6K( ;2";6 (D'*(255'F6 (2 (*2F
           ]L7FK ( 56<6 ( D' ( *2 ( 52:25$;25$G"K ( ( '" ( *2F ( 56<&"$D2D'F ( 2I'5;2D2F. ( ( !F;'
           D65&<'";6(F'#3$#+(D'(=2F'(:2#2(<'D$#(*2('I'5;$3$D2D(D'*(:#6M'5;6.


                                                             7Qa
                                                      76<&"2(Q#'2(a';`6#g
                                                                                            92;'*$;'



                        76<&"2                         76<&"2
                                                                                                                 La]!Pa!]


                                  76<&"2(A(7'";#2*




                                    76<&"2(A(!"*25'




                                                                                                       76<&"2



                                                                                       R
                                                            76<&"2(A(!"*25'
                                 76<&"2(A(7'";#2*                              R2=.(863$*




                                                                                                        76<&"2

                       76<&"2
                                                                              76<&"2




                            !"#$%&'()''*+,$-.&'/-'0&+'1-/-+'/-'2%-&'34.$5&0



KD &3428272342=

c"6(D'(*6F(:#$"5$:2*'F(I25;6#'F(%&'(2N#232"(*2(**2<2D2(U=#'5/2(;'5"6*GN$52W('";#'(*2F
D$I'#'";'F(F65$'D2D'F('F(*2(I2*;2(D'(56"'5;$3$D2D(56"('*(<&"D6('X;'#$6#.((9$("6('X$F;'
56<&"$525$G"K("6('X$F;'(I*&[6(D'($D'2F(M(:6#(*6(;2";6(*2F(56<&"$D2D'F ('F;2"52"(F&
D'F2##6**6K(%&'(2(F&(3',(:#63652(&"(<2M6#(6F;#25$F<6(M(D'F56"I$2",2('"(*2F(:#6:$2F
/2=$*$D2D'FK ( N'"'#2"D6 ( &" ( 5J#5&*6 ( 3$5$6F6 ( %&' ( 3&'*3' ( 52D2 ( 3', ( <+F ( N#2"D' ( 'F;2
=#'5/2.
!F;2(D'F$N&2*D2D("6(F6*6(F'(D2('";#'(:2JF'F(D'F2##6**2D6F(M(F&=D'F2##6**2D6FK(F$"6
;2<=$E"('"(D$I'#'";'F(F'5;6#'F(D'(&"2(<$F<2(F65$'D2DK('"('*(52F6(D'(!5&2D6#K('";#'
*2(,6"2(&#=2"2(M(*2(,6"2(#&#2*.( (8$'";#2F(%&'('"(*2(5$&D2D(;6D6F(;'"'<6F(255'F6
#'*2;$36(2(F$F;'<2F(=+F$56F(D'(56<&"$525$G"(S]'*EI6"6K(#2D$6K(;'*'3$F$G"K(L";'#"';TK('"
<&5/2F(+#'2F(#&#2*'F(M(&#=2"6A<2#N$"2*'F('F;6F(F'#3$5$6F(F6"($"'X$F;'";'F.

!"(*6F(C*;$<6F(2^6F(F'(/2(N'"'#2D6(&"(N#2"(D'F2##6**6('"('*(+#'2(D'(*2F(#'D'F(D'
56<&"$525$6"'F(D$N$;2*'F($"2*+<=#$52F(M(*2(:#6D&55$G" ('"(<2F2 (D'(D$F:6F$;$36F(D'
255'F6 ( 2 ( 'F;2F ( #'D'F ( S)#6;656*6F ( Y?>.ZZT@. ( ( f6M( :6# ( <&M ( :656 ( D$"'#6 ( SiZ??? ( h
i>???T(F'(:&'D'" (2D%&$#$#('%&$:6F(%&'(N'"'#2#2"(&"2 (#'D(D'(56<&"$525$G" ('";#'
56<:&;2D6#2F(2(32#$6F(g$*G<';#6F(2(*2(#'D6"D2(D'(&"(:&";6(5'";#2*(F$"("'5'F$D2D(D'
;'"D'#(52=*'F.

Q:#63'5/2"D6 ('F;2 (;'5"6*6NJ2K( M(*2('X$F;'"5$2 (D'( &"( 7'";#6(76<&"$;2#$6 (8G3$*( D'
Q:#'"D$,2[' ( S/;;:Hjj```.5;$.'F:6*.'D&.'5j55<2TK ( $<:*'<'";2D6 ( M2 ( '" ( *2 ( ,6"2 ( D'
$"I*&'"5$2 ( D6"D' ( F' ( '['5&;2#+ ( 'F;' ( :#6M'5;6 ( M ( *2 ( 5'#52"J2 ( IJF$52 ( D' ( *2F ( 56<&"2F
:2#;$5$:2";'FK('F;'(:#6M'5;6(:#6:6"'(*2(5#'25$G"(D'(&"2("&'32(;6:6*6NJ2(D'(#'D(%&'
F'(2[&F;'(2(*2F("'5'F$D2D'F(D'(56<&"$525$G"(D'('F;2F(56<&"$D2D'F(#&#2*'F.(


LD H2467696:;<'$4@9@M<7<

Q ( 56";$"&25$G" ( F' ( D';2**2" ( *2F ( D$3'#F2F ( 25;$3$D2D'F ( #'2*$,2D2F ( D&#2";' ( *6F ( D65'
<'F'F(D'('['5&5$G"(D'*(:#6M'5;6.( (9'(/2"(5*2F$I$52D6('"(D6F(N#&:6FH( (25;$3$D2D'F
76"F;#&55$G"(D'(*2(#'D( M(25;$3$D2D'F(D' (72:25$;25$G". ( (9& (6#D'"K ( D'";#6 (D'(52D2
N#&:6 ( 'F ( 5#6"6*GN$56. ( ( 9' ( 'F:'5$I$52 ( ;2<=$E" ( F$ ( *2 ( 25;$3$D2D ( I&' ( :#'3$2<'";'
:#6N#2<2D2(S#'I'#'"5$2(2(D65&<'";6 (D'(:#'F'";25$G"(D'*(:#6M'5;6T(6(I&'(#'2*$,2D2
'"(=2F'(2(*2F("'5'F$D2D'F(%&'(F'(/2"($D6(:#'F'";2"D6(56"(*2('['5&5$G"(D'*(:#6M'5;6.

        ;$"95%100*2"(-'(,+(8'-
        )2#2(#'F6*3'#('*(:#6=*'<2(D'(56"'5;$3$D2D('";#'(*2F(56<&"$D2D'F(F'(:#65'D$G
        2(D$F'^2#(&"2(P'D(D'(Q#'2(76<&"2*(SPQ7T.( (76<6(:#$<'#(:2F6 (:2#2('F;'
        D$F'^6(F'($"F:'55$6"G('*(+#'2(N'6N#+I$52(D6"D'(D'=J2(I&"5$6"2#('*(F$F;'<2K(F'
        *652*$,G ( *2F ( :6F$=*'F ( &=$525$6"'F ( D' ( *6F ( "6D6F ( D' ( 255'F6 ( M ( F' ( *'32";G
        $"I6#<25$G" ( F6=#' ( *2 ( $"I#2'F;#&5;&#2 ( 'X$F;'";' ( '" ( 'F6F ( :&";6F ( S;'"D$D6
        '*E5;#$56K(<6=$*$2#$6T. ( (76" ('F;2 ($"I6#<25$G" (F' (:#65'D$G (2(*2 ('*'55$G"(D'(*2
        ;'5"6*6NJ2(_$#'*'FF(2(&;$*$,2#(S:2#2('F;'(52F6K('%&$:6F(=2F2D6F('"('*('F;+"D2#
        Y?>.ZZ=TK ( M ( F' ( 'F;2=*'5$G ( *2F ( 52#25;'#JF;$52F ( D' ( *2 ( $"I#2'F;#&5;&#2 ( D'
        ;'*'56<&"$525$6"'F ( S'%&$:6F ( D' ( #'D ( `$#'*'FFK ( 2";'"2FTK ( $"I#2'F;#&5;&#2
        56<:&;25$6"2*(S56<:&;2D6#'FK(&:FT('($"I#2'F;#&5;&#2(5$3$*(S2";'"2FK(:6F;'FT.((Q
        :2#;$#(D'('F;2($"I6#<25$G"(F'('*2=6#G(&"(D65&<'";6(D'(D$F'^6.

        !*(F$N&$'";'(I&'(*2($<:*'<'";25$G"(#'2*(D'('F;'(D$F'^6.(()2#2('F;6(F'(56<'",G
        56"(*2(2D%&$F$5$G"(D'(*6F('%&$:6F(2(&"(:#63''D6#(*652*K(:#65'F6(%&'K(2&"%&'(2
        :#$<'#(:2F6(:2#'5J2(F'"5$**6K(D'=$D6(2(:#6=*'<2F(56"('*(:#63''D6#(S'##6#('"
        *6F ( '%&$:6F ( D' ( #'D ( '";#'N2D6FT ( ;6<G ( <+F ( ;$'<:6 ( D' ( *6 ( :#'3$F;6. ( ( 7&2"D6
        I$"2*<'";'(F'(;&3$'#6"(*6F('%&$:6F(56##'5;6FK(F'(:#65'D$G(2(F&($"F;2*25$G"('"
        *2F(&=$525$6"'F(%&'(M2(/2=J2"(F$D6(:#'3$2<'";'(/2=$*$;2D6F(:2#2(2*='#N2#('*
"6D6(D'(255'F6.((!*(:2F6(<+F(D'*$52D6(D'*(:#65'F6(D'($<:*'<'";25$G"(I&'(*2
56"I$N&#25$G" ( M ( 2:&";2<$'";6 ( D' ( *6F ( '%&$:6F. ( ( R&'N6 ( D' ( 32#$6F ( $";'";6F
S52<=$6 ( D' ( 52"2* ( D' ( ;#2"F<$F$G" ( M ( 2:&";2<$'";6 ( I$"6TK ( F' ( **'NG ( 2 ( &"2
56"I$N&#25$G"(%&'(#'5$=J2(*2(<'"6#($";'#I'#'"5$2(M(*6N#2=2('"*25'F(2D'5&2D6F
:2#2(*6F(:#6:GF$;6F(D'*(:#6M'5;6.

!*(C*;$<6(:2F6(I&'(*2F(:#&'=2F(#'N&*2#'F(D'*(F$F;'<2.((9'(:#65'D$G(2(<'D$#('*
"$3'* ( 9aP ( S9$N"2* ( ;6 ( a6$F' ( P2;$6T ( D' ( *6F ( '"*25'F ( '";#' ( *2F ( D$I'#'";'F
56<&"$D2D'FK(2FJ(56<6(;2<=$E"('*(#';#2F6(M(:'#D$D2(D'(:2%&';'F.((]6D2F(*2F
56"'X$6"'F(5&<:*$'#6"(56"(*6F(#'%&'#$<$'";6F(<J"$<6F.

Q5;&2*<'";' ( *6F ( '"*25'F ( '";#' ( *2F ( 5$"56 ( 56<&"2F ( D' ( *2F ( 7Qa ( 'F;+"
;'#<$"2D6F(M(:#6=2D6F.(]6D6F(*6F(F$;$6F(;$'"'"(&"2(5*2#2(56"'X$G"('";#'('**6F
56"(&"(2"5/6(D'(=2"D2(;'G#$56(D'(ZZ(<=:F(M(:#+5;$56(D'(2:#6X$<2D2<'";'(Z
<=:FK ( <+F ( %&' ( F&I$5$'";' ( :2#2 ( 2:*$525$6"'F ( D' ( L";'#"'; ( M ( 2D'5&2D6 ( :2#2
2:*$525$6"'F(D'(3$D'656"I'#'"5$2.

Q ( 56";$"&25$G" ( F' ( D';2**2" ( *2F ( 25;$3$D2D'FK ( F& ( D&#25$G" ( 2:#6X$<2D2 ( M ( *2
:'#F6"2(6(:'#F6"2F(#'F:6"F2=*'F(:6#(*2(#'2*$,25$G"(D'('F2(25;$3$D2DH

CD )2G@=@A3'729'2=4<76'729'<542'23'5272='*3<9N?B5@8<='0&84@G@7<7'CDC1
   4$/,"-3$A'9':;$'<=#'(h(>??@
   >B%/,-$A(9':;$'<=#'(h(>??@
   C"+7$-+&D("A(123$'#(45/62(

JD &3N9@=@= ' 72 ' 96= ' 7@>252342= ' I567E846= ' 7@=I63@B92= ' 23 ' 29 ' ?258<76
   0&84@G@7<7'CDJ1
   4$/,"-3$A'9':;$'<=#'(h(>??@
   >B%/,-$A(45;&=#'(h(>??@
   C"+7$-+&D("A(O'D'#$56(06<J"N&',

!" (5E2B<='863'!OE@I6='=29288@63<76=P'#<?IE='!"(+%
   4$/,"-3$A'45;&=#'(h(>??@
   >B%/,-$A(45;&=#'(h(>??@
   C"+7$-+&D("A(O'D'#$56(06<J"N&',(

LD Q@=@4<',R83@8<'<'#6?E3@7<72=
   E"*F&A'GG'8"'a63$'<=#'(h(>??@
   C"+7$-+&D("A'E"8"%,*$'9$/?-25"3'

SD /@=2T6'72'9<'"69E8@A3'(@9646'0&84@G@7<7'CDK1
   4$/,"-3$A'45;&=#'(h(>??@
   >B%/,-$A'H63$'<=#'(A(>??@
   C"+7$-+&D("+A'I&@,"%'1*F$&'J'E"8"%,*$'9$/?-25"3

UD &7OE@=@8@A3'72'!OE@I6='0&84@G@7<7'CDL1
   4$/,"-3$A'a63$'<=#'(h(>??@
>B%/,-$A(0$5$'<=#'(A(>??@
    C"+7$-+&D("A'E"8"%,*$'9$/?-25"3

VD #63=45E88@A3'72'9<')27'0&84@G@7<7'CDS1
   4$/,"-3$A'a63$'<=#'(h(>??@
   >B%/,-$A(Q=#$*(h(>??B
   C"+7$-+&D("+A'I&@,"%'1*F$&'K'E"8"%,*$'9$/?-25"3

WD (5E2B<='72'*34258632X@A3'0&84@G@7<7'CDU1
   4$/,"-3$A'O'=#'#6(h(>??B
   >B%/,-$A(82M6(h(>??B(
   C"+7$-+&D("A'E"8"%,*$'9$/?-25"3

YD )286I@9<8@A3'72'7<46='72'>E38@63<?@2346'0&84@G@7<7'KDC1
   4$/,"-3$A'Q=#$*(h(>??B
   >B%/,-$A(9':;$'<=#'(h(>??B(
   C"+7$-+&D("A'E"8"%,*$'9$/?-25"3

CZD!9<B65<8@A3 ' 72 ' E3 ' (654<9 ' #6?E3@4<5@6 ' I<5< ' 29 ' *34258<?B@6 ' 72
   *3>65?<8@A3
   4$/,"-3$A'!&<$'J'GLLM
   >B%/,-$A')2$+6$'J'GLLM'
   C"+7$-+&D("A'I&@,"%'1*F$&N'O&@,"%'4&,*"8$

CCD,<9925 ' 72 ' 8<I<8@4<8@A3 ' ,R83@8< ' < ' 96= ' 52=I63=<B92= ' 4R83@86= ' 23 ' 9<=
   #6?E3@7<72='0&84@G@7<7'CDV1'
   E"*F&+A'P'&('M'8"'1*65D%"'GLLM'
   C"+7$-+&D("A'E"8"%,*$'9$/?-25"3

CJD!9<B65<8@A3'72')2I6542',R83@86'0&84@G@7<7'KDJ1'
   4$/,"-3$A'Q"76,"/D%"'J'GLLM
   >B%/,-$A'1*65D%"'J'GLLM'
   C"+7$-+&D("A'I&@,"%'1*F$&N'E"8"%,*$'9$/,-25"3

;+C+0*5+0*2"
02D6(%&'(*2($"F;2*25$G"(D'(;'5"6*6NJ2(M('*(255'F6(2(L";'#"';(:6#(F$(F6*6F("6
*6N#2(;'"'#("$"NC"($<:25;6('"(*2F(56<&"$D2D'FK (D'";#6(D'('F;'(:#6M'5;6(F'
52:25$;G(2(&"(N#&:6(D'(56<&"'#6F (S*JD'#'F(M([G3'"'F('<:#'"D'D6#'FT ('"('*
&F6(2D'5&2D6(D'(*2(;'5"6*6NJ2(M('"('*(D$F'^6(D'(:#6:&'F;2F(:2#2(:#6M'5;6F
:#6D&5;$36F.

!"('*(+#'2(;'5"6*GN$52(F'(52:25$;G(2(*6F(D6F(#':#'F'";2";'F(:6#(56<&"$D2D('"H
2<=$'";'F ( _$"D6`FK ( &" ( :#65'F2D6# ( D' ( :2*2=#2FK ( &"2 ( /6[2 ( '*'5;#G"$52 ( '
L";'#"';K(2FJ(56<6('"('*(&F6(D'(/'##2<$'";2F(:2#2(*2(N'F;$G"('<:#'F2#$2*.(R6F
;&;6#'F ( I&'#6" ( :'#F6"2* ( D'* ( 7]LK ( *6F ( <$F<6F ( %&' ( N'"'#2#6" ( '* ( <2;'#$2* ( D'
F6:6#;'(:2#2(*6F('";#'"2<$'";6F.
!"('*(+#'2(D'(D$F'^6(D'(:#6M'5;6F(F'(;#2=2[G(56"(5&2;#6(#':#'F'";2";'F (:6#
56<&"$D2DK(*6F(5&2*'F(#'5$=$'#6"(&"(;2**'#(D'(D$F'^6(D'(:#6M'5;6F(D'";#6(D'*
5&+* ( F' ( /$,6 ( '* ( F'N&$<$'";6 ( D' ( *2F ( 25;$3$D2D'F ( "'5'F2#$2F ( :2#2 ( **'N2# ( 2 ( *2
:#'F'";25$G"(D'(&"(:'#I$*(D'(:#6M'5;6(56<&"$;2#$6(%&'(:'#<$;2(<'[6#2#(&"6(D'
*6F(:#6=*'<2F(%&'(52D2(56<&"$D2D(D';'5;G($"$5$2*<'";'.

!*(:#6M'5;6(56"F$D'#G(D'(3$;2*($<:6#;2"5$2("6(FG*6(*2(52:25$;25$G"('"('*(+#'2
;'5"6*GN$52K(F$"6('"('*(+#'2(D'(:#6M'5;6FK(56"(*2($D'2(D'(%&'('*(D'F2##6**6(*652*
'<:$'5'(56"('*(D'F2##6**6(D'(*2(<2F2(5#J;$52(*652*.

CD ,<9925'72'"23=@B@9@M<8@A3'<'%;7252='#6?E3@4<5@6=
   E"*F&A'Z?(D'(a63$'<=#'(h(>??@
   C"+7$-+&D("+A'R("-&'E"%-&-8"3'J'45/&-8S'4&%(,"%

#" "29288@A3'72'%@7252='#6?E3@4<5@6='
   4$/,"-3$A'!&<$'J'GLLM
   >B%/,-$A'!&<$'J'GLLM'
   C"+7$-+&D("A'4$/5-,8&8"+

!" #<I<8@4<8@A3'72',E4652='23'$4@9@M<8@A3'729'#6?IE4<765'0&84@G@7<7'JDC1
   E"*F&+A'TU'J'GV'8"'!&<$
   C"+7$-+&D("+A'!0-,*&'!$%&N'W5,+')2%"8&N'W"66<'Q&(&3&%

$" #<I<8@4<8@A3'72'%;7252='23'$4@9@M<8@A3'729'#6?IE4<765'0&84@G@7<7'JDJ1
   E"*F&+A'T'&('TT''8"'O5-,$
   C"+7$-+&D("+A'!0-,*&'!$%&N'W5,+')2%"8&N'W"66<'Q&(&3&%

%" #<I<8@4<8@A3 ' 72 ' %;7252= ' 23 ' (56IE2=4< ' 72 ' (56[2846= ' (567E84@G6=
   0&84@G@7<7'JDK1
   E"*F&+A'TV'<'TX''8"'O5-,$
   C"+7$-+&D("+A'!0-,*&'!$%&N'!&%?&'!$-6"+N'Y&+F,-26$-'!&*?&+

&" )2869288@A3'72'/<46='729'*?I<846'"68@<9'0&84@G@7<7'LDC1
   4$/,"-3$A'O5-,$'J'GLLM
   >B%/,-$A'Q"76,"/D%"'J'GLLM'
   C"+7$-+&D("A'!&%?&'!$-6"+

VD (9<3@>@8<8@A3'72'"25G@8@6='#6?E3@4<5@6='I<5<'9<='#&.
   4$/,"-3$A'!&<$'J'GLLM
   >B%/,-$A'O5-,$'J'GLLM'
   C"+7$-+&D("A'!&%?&'!$-6"+

WD ,<9925'72'!G<9E<8@A3'72'(56[2846='0&84@G@7<7'JDL1'
   E"*F&+A'PL'8"'Q"76,"/D%"
   C"+7$-+&D("+A'!&%?&'!$-6"+N'R("-&'E"%-&-8"3

YD !9<B65<8@A3'72')2I6542'72'*?I<846'"68@<9'0&84@G@7<7'LDJ1'
4$/,"-3$A'1*65D%"'J'GLLM
           >B%/,-$A'1*65D%"'J'GLLM'
           C"+7$-+&D("A'!&%?&'!$-6"+


SD &3N9@=@='['/@=8E=@A3

02D2 ( *2 ( "2;&#2*',2 ( D' ( 'F;' ( :#6M'5;6K ( F& ( :#$"5$:2* ( 6=[';$36 ( '#2 ( :#6=2# ( 5$'#;2F
;'5"6*6NJ2F($"2*+<=#$52F(M(<';6D6*6NJ2F(D'(52:25$;25$G"(:2#2(<2X$<$,2#('*($<:25;6
D'(*2($";#6D&55$G"(D'(*2F(]L7F('"(56<&"$D2D'F(#&#2*'FK(<$"$<$,2"D6(*6F(56F;6F.((k$F;6
D'('F;2(:'#F:'5;$32K(('X$F;$'#6"(32#$6F(:&";6F(D'";#6(D'*(D'F2##6**6(D'('F;'(:#6M'5;6
%&'(**2<2"(2(*2(#'I*'X$G"H

       !   "29288@A3'72'I<54@8@I<342=
           c"6(D'(*6F(:#6=*'<2F(%&'(F'(#'F6*3$'#6"(D&#2";'(*2('['5&5$G"(D'*(:#6M'5;6
           I&' ( '* ( 5G<6 ( D'5$D$# ( %&' ( 56<&"'#6F ( :2#;$5$:2=2" ( '" ( '* ( :#6M'5;6. ( ( 9'
           #'F6*3$G ( 'F;' ( :#6=*'<2K ( /25$'"D6 ( %&' ( *2 ( <$F<2 ( 56<&"$D2D ( F'*'55$6"'
           52"D$D2;6F(%&'(*&'N6(F'#J2"(2:#6=2D6F(:6#('*(7]L.( (0'('F;2(<2"'#2K(F'
           ;#2"F:2#'";G ( '* ( :#65'F6 ( D' ( F'*'55$G" ( M ( 52D2 ( 56<&"$D2D ( '"3$G ( 2 ( *2F
           :'#F6"2F(%&'(5#'J2"($DG"'2F(:2#2(F'#(52:25$;2D2F.

       !   &7OE@=@8@A3'72'!OE@I6=
           Q* ( :#65'D'# ( 2 ( *2 ( 56<:#2 ( D' ( '%&$:6F ( D' ( 'F;' ( :#6M'5;6K ( F' ( :#'I$#$G
           56<:#2#*6F(2(&"(:#63''D6#(*652*.( (R2F;$<6F2<'";'(D'<6#2F(M(I2**2F('"(*2
           '";#'N2(D'(*6F('%&$:6F(**'3G(2(&"2(#':#6N#2<25$G"(D#+F;$52(D'(*2F(;2#'2F
           D'*(:#6M'5;6.( (]2*3',(56"3'"D#J2(<+F(2D%&$#$#(*6F('%&$:6F(D$#'5;2<'";'(2
           *6F(D$F;#$=&$D6#'F(2&;6#$,2D6FK(2&"%&'('F;6F(F'('"5&'";#'"(I&'#2(D'*(:2JF.

       !   #5636:5<?<='72'#<I<8@4<8@A3
           4;#2 ( *'55$G" ( 2:#'"D$D2 ( D&#2";' ( *2 ( '['5&5$G" ( D' ( 'F;' ( :#6M'5;6 ( 'F ( *2 ( D'*
           :*2"$I$52# ( *2F ( F'F$6"'F ( D' ( 52:25$;25$G" ( D'";#6 ( D' ( &" ( <2#56 ( D' ( ;$'<:6
           :'%&'^6. ( ( !F;6 ( 'FK ( 52:25$;25$6"'F ( 56"F'5&;$32F ( 2 ( &" ( <$F<6 ( N#&:6 ( D'
           :'#F6"2F (D'='#J2 ( #'2*$,2#F'( D'";#6(D'(&"(<$F<6 ( <'F.( (Q*(/2='# (<&5/6
           ;$'<:6('";#'(&"2(52:25$;25$G"(M(6;#2K(2*N&"6F(D'(*6F(:2#;$5$:2";'F(D'F'#;2"
           D'*(5&#F6(M(D'*(:#6M'5;6.

       !   /@=4<38@<='23452'86?E3@7<72=
           9$(=$'"(*2(;'6#J2(F'^2*2(&"(2*52"5'(2:#6X$<2D6(D'(@?(d<.(:2#2('"*25'F
           _$O$(F$"(2<:*$I$525$G"K(*2('X:'#$'"5$2(D'('F;'(:#6M'5;6(F&N$'#'(&"(*J<$;'(#'2*
           D'('";#'(Z?(M(ZB(d<.(S&;$*$,2"D6(:6F;'F(D'(>?(<';#6FT.

       !   #<3<92='*3<9N?B5@86=
           !F ( <&M ( $<:6#;2";' ( F'*'55$6"2# ( 5&$D2D6F2<'";' ( '* ( 52"2* ( $"2*+<=#$56 ( 2
           &;$*$,2# ( '" ( *2F ( 56"'X$6"'F. ( ( !* ( F$F;'<2 ( 56"F;#&$D6 ( *6N#2 ( &"2 ( ;#2"F<$F$G"
           25':;2=*'('"('*(52"2*(ZZK(:'#6('F($<:6F$=*'(*6N#2#(56"'X$G"(2*N&"2('"(6;#2F
           =2"D2F. ( ( !* ( :#6=*'<2 ( :2#'5' ( #2D$52# ( '" ( $";'#I'#'"5$2 ( :6# ( ;#2"F<$F$6"'F
           3'5$"2F(D'(*2('<:#'F2(D'(;'*EI6"6F.
!   &882=6'729'IB9@86'<'96='3676='72'<882=6
         c"(;'<2(%&'(D'='(F'#(D$F5&;$D6(2*(56<'",2#('*(:#6M'5;6K('F(*2(:6*J;$52(%&'
         :&'#;2F ( 2=$'#;2F ( %&' ( D'='#+ ( ;'"'# ( '* ( *652* ( D6"D' ( F' ( $"F;2*' ( '* ( "6D6 ( D'
         255'F6.(((0&#2";'(*6F(:#$<'#2F(F'<2"2F(D'(2;'"5$G"(N'"'#2*K(F'(56##6=6#G
         %&'('"(5$'#;2F(56<&"$D2D'F("6(F'(:'#<$;J2('*(*$=#'(255'F6(2*(*2($"F;2*25$G"K
         2C"(2(*6F(;E5"$56F(52:25$;2D6F.( (!F'(:#6=*'<2(I&'(#'F&'*;6(#+:$D2<'";'
         56"(F'"D2F(3$F$;2F(2(*6F('"52#N2D6F(D'(*6F(*652*'F(:6#(:2#;'(D'(*6F(*JD'#'F
         56<&"$;2#$6F($"36*&5#2D6F('"('*(:#6M'5;6.

     !   $=6'72'9<'527
         R2(:#'F'"5$2(D'(*2(;'5"6*6NJ2("6(/2=$*$;2($"<'D$2;2<'";'(2(*2(56<&"$D2D(2
         /25'# ( &F6 ( D' ( '**2. ( ( 9' ( D'=' (:6"'# ( '" ( <2#5/2 ( &" ( :*2" ( D' ( 52:25$;25$G"
         56<&"2*K ( *$D'#2D6 ( :6# ( '* ( :'#F6"2* ( '";#'"2D6 ( D'";#6 ( D'* ( :#6M'5;6 ( :2#2
         D$I&"D$#(M(#':*$52#('*(56"65$<$'";6(%&'('**6F(2:#'"D$'#6".((]2<=$E"(F'(D'='
         D'(56"F$D'#2#('*(D'F2##6**6(D'(2:*$525$6"'F(%&'(2M&D'"(2(*6F(56<&"'#6F(2
         56<:2#;$#($"I6#<25$G"(M(6=;'"'#(F'#3$5$6F(D'(<2"'#2(F'"5$**2(D'(L";'#"';.


6) )2=E94<76='+B423@76='['#6389E=@632=

  0'";#6(D'(*6F(#'F&*;2D6F(6=;'"$D6F(/2F;2(*'(I'5/2K(:6D'<6F(56";2#H

     !   "@=42?< ' 72 ' #6?E3@8<8@A3 ' (@9646 ' 23452 ' S ' 86?E3@7<72= ' [ ' 29 ' #23456
         #6?E3@4<5@6'HAG@9'72'&I5237@M<F2
         9' ( '"5&'";#2 ( M2 ( '" ( I&"5$6"2<$'";6 ( &" ( F$F;'<2 ( %&' ( $";'#56"'5;2 ( B
         56<&"$D2D'F(N'6N#+I$52<'";' (5'#52"2F(M(%&'(:'#<$;'('*($";'#52<=$6 (D'
         $"I6#<25$G"('";#'('**2F(M('*(255'F6(2(L";'#"';

     !   /68E?2346'72'/@=2T6]'@?I92?234<8@A3'['E4@9@M<8@A3'72'E3<'527'#&.
         9'(/2('*2=6#2D6(&"(P':6#;'(;E5"$56(%&'($"D$52(56<6(:*2"$I$52#K(D$F'^2#(M
         56"F;#&$# ( 'F;' ( ;$:6 ( D' ( #'D'F. ( ( !F;' ( #':6#;' ( F' ( /2 ( "&;#$D6 ( 56" ( *2F
         'X:'#$'"5$2F(N2"2D2F('"('*(D'F2##6**6(D'('F;'(:#6M'5;6.((((

     !   "@=42?<'?67E9<5'72'8<I<8@4<8@A3'<'96='9;7252='72'9<'86?E3@7<7
         9'(/2(N'"'#2D6(&"(F$F;'<2(D'(52:25$;25$G" ('"(N'"'#25$G"(D'(:#6M'5;6F
         :#6D&5;$36F('"(56<&"$D2D'F(#&#2*'F.((!F;'(F$F;'<2('F;2(F$'"D6(2:*$52D6('"
         *2(52:25$;25$G"(D'(*6F(*JD'#'F(56<&"$;2#$6F(:2#;$5$:2";'F('"('F;'(:#6M'5;6.((

     !   H2467696:;< ' 72 ' 45<3=>25238@< ' 428369A:@8< ' [ ' 234523<?@2346 ' <
         86?E3@7<72='5E5<92=
         R6F ( <GD&*6F ( D' ( 52:25$;25$G" ( ;E5"$52 ( F' ( =2F2" ( '" ( &"2 ( <';6D6*6NJ2
         :'"F2D2( :2#2 ( $";#6D&5$#( '*( 56<:&;2D6#K ( F& ( I&"5$6"2<$'";6 (M(F&F ( &F6F (2
         :'#F6"2F(2D&*;2F(%&'("6(/2"(;'"$D6(&"(56";25;6(:#'3$6(56"(*2(;'5"6*6NJ2.
         !F;2 ( <';6D6*6NJ2 ( /2 ( :#6=2D6 ( ;'"'# ( <&M ( =&'" ( #'F&*;2D6K ( $"5*&F6 ( '"
         F'F$6"'F(56#;2F(D'(52:25$;25$G".((
)6D'<6F(56";2#(*6F(F$N&$'";'F(*6N#6F(D'";#6(D'*(D'F2##6**6(D'*(:#6M'5;6H

76<6(#'F&*;2D6(D'('F;'(:#6M'5;6(:6D'<6F(5$;2#(*6F(F$N&$'";'F(*6N#6FH


   ,28369A:@86=
      ! 0$F'^6('($<:*'<'";25$G"(D'(&"2(#'D($"2*+<=#$52(D'(=2[6(56F;6(Sb(c90
        >???(:6#("6D6T(%&'('"*2,2(2(B(56<&"$D2D'F (D'";#6(D'(&"(+#'2(5&M6
        D$+<';#6('F(D'(Z?(d<.
      ! 76"'X$G"(D'('F;2F(5'*D2F(2(L";'#"';(2(;#23EF(D'(&"('"*25'($"2*+<=#$56
        56"(&"(5'";#6(<G3$*(D'(2:#'"D$,2['(D'";#6(D'*(+#'2(D'(56='#;&#2(D'(*2
        #'D.
      ! 065&<'";6(%&'(#'F&<'(*6F(:2F6F(:2#2(*2(#':*$525$G"(D'('F;'(;$:6(D'
        #'D'F.
      ! 72:25$D2D(*652*(:2#2('*(5&$D2D6(M(<2";'"$<$'";6(D'*("6D6(D'(255'F6(S>
        ;E5"$56F('"(52D2(56<&"2T

   "68@<92=
     ! >? ( 56<&"'#6F ( S@ ( :6# ( 56<&"2T ( /2" ( F$D6 ( 52:25$;2D6F ( '" ( '* ( &F6 ( D'
         /'##2<$'";2F(;'5"6*GN$52F(=+F$52F(Sc;$*$;2#$6F(6I$5$"2K("23'N25$G"(_'=T
     ! >?(56<&"'#6F(S@(:6#(56<&"2T (/2"(F$D6(52:25$;2D6F ('"('*(D$F'^6(D'
         :#6M'5;6F(F65$2*'F
     ! @ ( :#6:&'F;2F ( D' ( :#6M'5;6F ( :2#2 ( <'[6#2# ( *2 ( 52*$D2D ( D' ( 3$D2 ( D' ( *2F
         56<&"2F(I&'#6"('*2=6#2D6F(:6#(*6F(56<&"'#6F(52:25$;2D6F.
     ! > ( D' ( 'F;2F ( :#6:&'F;2F ( 'F;+" ( F$'"D6 ( 56"F$D'#2D2F ( :2#2 ( 6=;'"'#
         I$"2"5$2<$'";6(D'('";$D2D'F("25$6"2*'F
     ! 065&<'";6(%&'(#'F&<'('*($<:25;6(F65$2*(%&'('F;'(:#6M'5;6(/2(;'"$D6
         '"(*2F(56<&"$D2D'F(2I'5;2D2F.

Q"2*$,2"D6(*6F(#'F&*;2D6F(6=;'"$D6FK(:6D'<6F(**'N2#(2(32#$2F(56"5*&F$6"'F(25'#52
D'*($<:25;6(%&'('F;'(:#6M'5;6(/2(;'"$D6('"(*2F(56<&"$D2D'FH



   !   !"#$%&%'"(')**"+$'&'(&',-.$%/&*,0-
       )2#2 ( :'#5$=$# ( *2 ( #'2* ( D$<'"F$G" ( D' ( 'F;' ( :&";6 ( /2M ( %&' ( 56";'X;&2*$,2#*6
       D'";#6(D'(*2(#'2*$D2D(D'(*2(,6"2.(((!"('F;2F(56<&"$D2D'FK(:#+5;$52<'";'K('*
       C"$56(255'F6(2(&"(56<:&;2D6#('F(2(;#23EF(D'(*6F(*2=6#2;6#$6F(56"(%&'(F'
       /2 ( D6;2D6 ( 2 ( *2F ( 'F5&'*2F ( D' ( *2 ( ,6"2 ( 2 ( ;#23EF ( D' ( 6;#6F ( :#6M'5;6F. ( ( ( e
       <&5/2F ( 3'5'F ( 'F;6F ( *2=6#2;6#$6F ( F6" ( #6;2;$36FK ( 32" ( <63$*$,+"D6F' ( D'
       56<&"$D2D('"(56<&"$D2D.((((((e(*2(:#$"5$:2*(*2=6#(D'('F;6F(*2=6#2;6#$6F(32
       '"52<$"2D2(2*(+#'2('D&52;$32

       )6#(*6(;2";6K('*('"*25'(2*(L";'#"';('F(<&5/6(<2F(56<:*$52D6(%&'('*(255'F6
       2( &" ( 56<:&;2D6#. ( ( ( ( (0'(2**J(%&'( '* (:#6M'5;6 ( 2*( =#$"D2# ( '*( 255'F6 ( 2( &"
       56<:&;2D6# ( 56"'5;2D6 ( 2* ( L";'#"';K ( :2#2 ( '* ( &F6 ( 56<&"$;2#$6K ( <'[6#2
       56"F$D'#2=*'<'";'('*(255'F6(2($"I6#<25$G"(C;$*(:2#2(*2F(25;$3$D2D'F(D'(*2
,6"2 ( M ( *2F ( 25;$3$D2D'F ( '";#' ( *2F ( 56<&"$D2D'F ( 2*'D2^2F ( %&' ( :6D#J2"
          N'"'#2#(&"(I#'";'(56<C"(D'(255$G".

      !   !"#$%&%'(&'1%2&-,3&*,0-'4$/5-,6&%,&
          !* ( :#6M'5;6 ( /2 ( 2=$'#;6 ( *J"'2F ( D' ( 56<&"$525$G" ( '";#' ( *6F ( *JD'#'F
          56<&"$;2#$6F(M(*6F(D$#'5;$36F(D'(*2(56<&"2.((a6(:6D'<6F(D'5$#(%&'(*&'N6
          D'*(:#6M'5;6("6('X$F;'"(:#6=*'<2F('"(5&2";6(2(*2(6#N2"$,25$G"(56<&"$;2#$2K
          :'#6(/2M(%&'(D'F;252#(%&'(56"('*(:#6M'5;6(F'(2=#$G(&"('F:25$6 (:2#2 (*2
          :#+5;$52 ( D' ( *$D'#2,N6K( '* (;#2=2[6 ( '" ( 56"[&";6K (*2 ( N'"'#25$G" ( D' ( $D'2FK ( *2
          $D'";$I$525$G"(D'(25;6#'F(5*23'F(D'(*2(56<&"$D2DK ('";#'(6;#2F(25;$3$D2D'F
          "'5'F2#$2F ( :2#2 ( '<:',2# ( 2 ( <63$*$,2# ( 2 ( *2F ( :'#F6"2F ( /25$2 ( &"2 ( <'[6#
          6#N2"$,25$G".(((f'<6F(2:6#;2D6(56"(25;$3$D2D'F(%&'(2M&D2"(M(:#6<&'3'"
          *2 ( :2#;$5$:25$G" ( D' ( *6F ( /2=$;2";'F ( D' ( *2 ( 56<&"2 ( '" ( *2 ( $D'";$I$525$G" ( M
          F6*&5$G"(D'(F&F(:#6=*'<2F.

      !   4%"&%'*&7&*,8&8'7&%&'"('9,+":$'8"';%$<"*6$+
          9' ( /2 ( 52:25$;2D6 ( 2 ( *JD'#'F ( D' ( *2 ( ,6"2K ( :2#2 ( %&' ( :&'D2" ( $D'";$I$52#
          :#6=*'<2F ( %&' ( :&'D'" ( F'# ( #'F&'*;6F ( 2 ( ;#23EF ( D' ( &"2 ( 56<&"$D2D
          6#N2"$,2D2K( (N'F;$6"2"D6 (#'5&#F6F(2(;#23EF(D'*(D$F'^6(D'(:#6M'5;6F(%&'
          D'<&'F;#'"('*(56"65$<$'";6(D'*(:#6=*'<2(M(D'(*2(F6*&5$G"(:#6:&'F;2.

      !   =-6"2%&*,0-'8"'(&'>"*-$($2?&'&'(&'@,8&'*$/5-,6&%,&
          !* ( D'F56"65$<$'";6 ( F6=#' ( *2F ( "&'32F ( ;'5"6*6NJ2F ( 52&F2=2 ( ;'<6# ( '" ( *2
          :6=*25$G"K(%&'(3'J2('*(255'F6(2(&"(56<:&;2D6#K (M(2*(L";'#"';K(56<6(2*N6
          D$F;2";'(2('**6F(M(D$IJ5$*(D'(56"F'N&$#.( ( ( ( (!#2"(#'25$6F(2(2:#'"D'#(F6=#'
          'F;2F(;'5"6*6NJ2F(F6=#'(;6D6(:6#(*2(I2*;2(D'(*6F('%&$:6F("'5'F2#$6F(:2#2
          :#25;$52#(*6(2:#'"D$D6.

          Q*($"56#:6#2#(*2F(]L7F('"('*(+#'2(56<&"2*K(2D'<+F(D'*(+#'2('D&52;$32(2(*2
          5&+*(F'(**'NG(2";'#$6#<'";'K(('F(52D2(3',(<2F(I#'5&'";'(F&(&F6K("6(FG*6(:6#
          :2#;'(D'(*6F("$^6F(D'(*2(,6"2K(F$"6(2D'<+F(:6#(*6F(*JD'#'F(56<&"$;2#$6F(M
          :6=*2D6#'F('" ( N'"'#2*K ( *6( %&' ( 2M&D2 ( 2 ( $"56#:6#2#*6F ('" (*2 ( #'2*$D2D ( %&'
          'F;2<6F(3$3$'"D6K(%&'('F(*2($"56#:6#25$G"(D'(*2F(]L7F('"(*2(3$D2(56;$D$2"2.

   f2M(<&5/2F ($D'2F(M(25;$3$D2D'F(%&'(F'(:&'D'" (D'F2##6**2#(:2#2(2:#63'5/2#(*2
   ;'5"6*6NJ2 ( $"F;2*2D2 ( '" ( *2 ( ,6"2K ( ( ;6D2F ( '"52<$"2D2F ( 2 ( %&' ( *2F ( 56<&"$D2D'F
   2:#63'5/'"('"(;6D2F(*2F(+#'2F(:6F$=*'F(*2("&'32(56"'X$G"('X$F;'";'('";#'('**2F(M
   '*(<&"D6.((02D6F(*6F(#'F&*;2D6F(6=;'"$D6F('"(*2F(56<&"$D2D'FK('F;2F(25;$3$D2D'FK
   ;2*'F ( 56<6 ( D'F2##6**6 ( M ( <2";'"$<$'";6 ( D' ( &" ( :6#;2* ( 56<&"$;2#$6K ( 255'F6 ( 2
   =$=*$6;'52F ( D' ( $"I6#<25$G" ( S'F;&D$2";'FTK ( '";#' ( 6;#6FK ( F' ( D'F2##6**2#+" ( 2
   56";$"&25$G"(D'(*2(I$"2*$,25$G"(D'('F;'(:#6M'5;6.


VD ^@B9@6:5<>;<

      !   '()*+),-)./-'"-01.(2)"-'.23..)-4356(.-78*-9:';-'<<,6=)268.5"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@
          D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH!"
      !   B"-A?)(+)2@-A"-0)I).@-)./-4"-J).(?6"->1*.6.(-KH#"LL-D.56/3MN12"-D.-!"#$%#&'((@-;8O-#HH!"
!   P"-Q),6@-G"-Q8.26@-)./-R"-S*3(8*6"-DRRR-KH#"LL-96*3,355-:';T-Q)<)=62E-'.),E565-)./-B*828=8,-R.?).=3I3.2"
    D.-($)*+*,@-G)*U'<*-LVVK"
!   W"-P1@-B"-W3*785@-X"-:18@-J"-:1@-:"-W?).(@-)./-G"-S3*,)"->?3-DI<)=2-87-G1,26?8<96*3,355-Q?)..3,-8.->QB
    >?*81(?<12-)./-:855"-D.-(---.($)*+*,@-#HH!"
!   0"-S)./?6"-RI<6*6=),-B)2?-:855-G8/3,5-78*-KH#"LLY-:6.Z5"-G)523*[5-2?3565@-D./6).-D.5262123-87->3=?.8,8(E@
    F).<1*@-#HH!"
!   J"-S)*6(),)"-R<3*6I3.2),-]),6/)268.-87-J6I1,2).3815-N<3*)268.-6.-).-KH#"LL-G1,26M?8<-G35?-;32+8*Z"
    G)523*[5-2?3565@-D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-^1,E-#HH$"
!   B"-D<3"-B8+3*-',,8=)268.-D55135-6.-)-96*3,355-G35?-;32+8*Z"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@-D./6).
    D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH$"
!   ^)6.-)./-_"-G65?*)"-4356(.6.(-)-_)(6M`/)-'.23..)-78*96*3,355-:';"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@
    D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH!"
!   F?)./3,+),"-B3*78*I).=3-87-KH#"LLY-6.-)-S*6/-;32+8*Z"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@-D./6).
    D.5262123-87->3=?.8,8(E@-F).<1*@-'<*6,-#HH!"
!   F1I)*-)./-J"-08E"-03),6526=-J1<<8*2-P8*-DRRRKH#"LLY-G'Q-6.-;J"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@
    D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH$"
!   G6/)5-Q8II1.6=)268.->3=?.8,8(635-B*6O)23-:6I623/@-http://www.midascomm.com/"--+"/0-+1
    23/%4%&&.566%&&.78&#%9@-43=-#HHH"
!   N[X)*)-)./-'"-B32*6=Z"-:;<=>>.!?@AB""CD.5.0%&3E@%/F&.+"9G?/3&"@"-DRRR-B*355@-LVVV"-
!   G"-D"-`"-0)?)I)."-9:';-9)2=?T-'-J23<->8+)*/5->?3-J21/E-N7-KH#"LLY-96*3,355-:';5"-G)523*[5-2?3565@
    D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-'<*6,-#HH!"
!   0)I).-)./-F"-Q?3Y*8,1"-03O65626.(-;32+8*Z-)./-B*828=8,-4356(.-78*-KH#"LLMY)53/-01*),-D.23*.32+8*Z6.("
    J1YI6223/-78*-<1Y,6=)268.@-/*)72-)O)6,)Y,3-8.-*3a1352"
!   J3.-)./-G"-:"-X158."-'-;3+-G8/3,-78*-J=?3/1,6.(-B)=Z32-0)/68-;32+8*Z5"-D.-($)*+*,@-LVV&"
!   J"-b1)-)./->"-J))/)+6"-03O3),6.(-2?3-<*8Y,3I5-+62?-KH#"LL-I3/61I-)==355-=8.2*8,-<*828=8,-6.-I1,26M?8<
    +6*3,355-)/-?8=-.32+8*Z5"-+"9GH#%/.$%#I"/C&@-!K@-#HH#"
&32X6=

      '" 7#6"6N#2<2(!['5&;2D6(D'*()#6M'5;6

                                                                                Z ['L[               ZT'LM               Z G'LM               ZP'LM         Z['LM
 =9                   >&%"&                 95%&*,0-   '4$/7("6$
                                                                    Q"7   1*6    H$@     9,*   R-"   E"D     !&%   )D%    !&<     O5-   O5(   )2$     Q"7   1*6


 Z    *3>5<2=45E84E5<'72')27                 LYDW_       CZZ`
         P'3$F$G"(D'*('F;2D6(D'*(2#;'('"(
 >                                             >`        Z??p
         #'D'F(L"2*+<=#$52F(S)T
         Q"+*$F$F(D'(*6F(D$I'#'";'F(
 l                                             >`        Z??p
         :#6D&5;6F(D$F:6"$=*'F(S)T
         )#&'=2F(56"(!%&$:6F(
 @                                             l`        Z??p
         F'*'55$6"2D6F A 72<:&F(!9)4R

 B       k$F$;2(]E5"$52(2(76<&"$D2D'F          Z`        Z??p

 m       0$F'^6(D'(*2(96*&5JG"(S)T             >`        Z??p

 n       QD%&$F$G"(D'(!%&$:6F(S)T             ZY`        Z??p

 Y       76"F;#&55$G"(D'(*2(P'D(S)T           >?`        Z??p

 o       9'*'55$G"(D'(]E5"$56F                 Z`        Z??p

 Z?      )#&'=2F(D'(*2(P'D(S)T                 Z`        Z??p

 ZZ      .E2G6='"25G@8@6=                    CZDJ_       CZZ`

 Z>          )*2"$I$525$G"                     Z`        Z??p

 Zl          )6#;2*                            B`        Z??p

 Z@          ]'*'I6"J2                         >`        Z??p

 ZB          P'I'#'"5$2(Q52DE<$52              >`        Z??p

 Zm          72:25$;25$G"(]E5"$52(S)T          >`        Z??p

 Zn #<I<8@4<8@A3                             LCDW_       CZZ`

 ZY      ]2**'#(D'(9'"F$=$*$,25$G"             Z`        Z??p

 Zo      ]2**'#(D'(9'N&$<$'";6                 Z`        Z??p

 >?      72:25$;25$G"(]&;6#'F(S)T              >`        Z??p

 >Z      72:25$;25$G"(RJD'#'F(S)T              >`        Z??p
         72:25$;25$G"(RJD'#'F('"(
 >>                                            >`        Z??p
         )#6:&'F;2F(D'()#6M'5;6F(S)T

 >l      ]2**'#(D'()#6M'5;6F(S)T               >`        Z??p

 >@ H2?65@<=',R83@8<=                        JK]U_       CZZ`

 >B      P'56:$*25$G"(D'(02;6F(S)T           Zn.m`       Z??p

 >m      !*2=6#25$G"(D'(P':6#;'(S)T            @`        Z??p

 >n H2?65@<='72'*?I<846'"68@<9                CV_        CZZ`

 >Y      P'56*'55$G"(D'(02;6F(S)T             ZZ`        Z??p

 >o      !*2=6#25$G"(D'(P':6#;'(S)T            @`        Z??p
q. L"I6#<'(]E5"$56

7)         *+,$-.&'/-'/"+-84'9:;5";4
77)        *+9&/4'&;9$&0'/-'0&'".<0-.-59&;"=5
DDD"       >%$-?&+'/-'04+'-50&;-+


7)'*+,$-.&'/-'/"+-84'9:;5";4

:)-<*6I3*)-32)<)-/3,-<*8E3=28-=8.56523-3.T

       M   D.23*=8.3=2)* -,)5-=8I1.6/)/35-/3 -B3=?6=?3@ -R, -03),@-G).).26),- /3- Q?)./1E@-B13*28 -Q?)./1E@-E
           '2)?1),<)-3.-1.)-*3/-/3-c*3)-=8I1.),@-Q8I1.)-'*3)-;32+8*Z-dQ';e@-6.),cIY*6=)"
       M   B*8O33*-)-,)-*3/-Q';-)==358-)-D.23*.32-I3/6).23-1.-3.,)=3-=8.-,85-=8.2)6.3*5-/3-QQG'-,85-=1c,35
           =13.2).-=8.-)==358-5)23,62),-),-D.23*.32"

'-=8.26.1)=6f.-1.-/6)(*)I)-/3-,)5-/652).=6)5-/3-,85-<13Y,85-3.-,)5-Q';T
R.-3523-35a13I)-3,-<1.28-=3.2*),-35-B3=?6=?3"-R,-*3528-/3-=8I1.)5-53-=8.3=2).-)-B3=?6=?3-I3/6).23-3.,)=35
B1.28-g-G1,26<1.28"

'-=8.26.1)=6f.-1.-/6)(*)I)-/3-,85-3a16<85-)-126,6h)*T
@"+9&'/-'-,$"<4+'A'4?%&';"B"0C

B3=?6=?3T

    M      >8**3-/3-L%-I32*85"
    M      `.-N*6.8=8-'<LHHH-=8.-1.)-2)*C32)-N*6.8=8-KH#"LLY-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28
           =3.2*),"
    M      `.-)I<,676=)/8*-XE<3*,6.Z-/3-%HHI9"
    M      >*35-).23.)5-53=28*6),35-XE<3*,6.Z-/3-L#Hi@-L$-/A6-=)/)-1.)"

'2)?1),<)T

    M      >8**3-/3-L%-I32*85"
    M      `.-N*6.8=8-'<LHHH-=8.-1.)-2)*C32)-N*6.8=8-KH#"LLY-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28
           =3.2*),"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"

R,-03),T

    M      Gc526,-/3-&-I32*85"
    M      `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"

G).).26),-/3-Q?)./1ET

    M      Gc526,-/3-&-I32*85"
    M      `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"

B13*28-Q?)./1ET

    M      Gc526,-/3-&-I32*85"
    M      `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"

43Y6/8-)-,)-I8O6Y6,6/)/-/3-,85-=8.2)6.3*5-35285-.8-713*8.-6.=,16/85-3.-3,-I)<)"-'IY85-53-=8.3=2).-/3-I).3*)
56I6,)*-)-B3=?6=?3T

Q8.2)6.3*-LT

    M      Gc526,-/3-LH-I32*85"
    M      `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"

Q8.2)6.3*-#T

    M      Gc526,-/3-LH-I32*85"
    M      `.-<1.28-*3I828->3*)Y3)I-R2?3*.32"
    M      `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6"




77)'*+9&/4'&;9$&0'/-'0&'".<0-.-59&;"=5
:85-3.,)=35-3.2*3-,)5-=6.=8-=8I1.)5-/3-,)5-Q';-352c.-23*I6.)/85-E-<*8Y)/85"->8/85-,85-562685-263.3.-1.)
=,)*)-=8.36f.-3.2*3-3,,85-=8.-1.-).=?8-/3-Y)./)-23f*6=8-/3-LL-IY<5-E-<*c=26=8-/3-)<*86I)/)I3.23-L-IY<5@
Ic5-a13-5176=63.23-<)*)-)<,6=)=68.35-/3-D.23*.32-E-)/3=1)/8-<)*)-)<,6=)=68.35-/3-O6/38=8.73*3.=6)"



777)'>%$-?&+'/-'04+'-50&;-+
'-=8.26.1)=6f.-3,-I3C8*-E-<38*-3.,)=3-=8.3=2)/8T

>-;D";D-'E'*0'1-&0




    B3=?6=?3




                                                                  R,-03),
    B6.(-3.2*3-R,-03),-E-B3=?6=?3
:)-=),6/)/-/3-,)-53j),-3.2*3-B3=?6=?3-E-R,-03),-35-,)-I3C8*-/3-,85-=1)2*8-3.,)=35"-R,-J;0-,8=),-35-/3-!V-E-3,
*3I828-35-/3-#k"-B*8Y)Y,3I3.23-/3Y6/8-)-6.23*73*3.=6)5-3.-3,-=).),-,85-<6.(5-.8-53).-,85-I3C8*35-<856Y,35"-R,
<*8I3/68-/3,-<6.(-35-/3-#HHI5"
>-;D";D-'E'29&D$&0<&




   '2)?1),<)




                       B6.(-3.2*3-'2)?1),<)-E-B3=?6=?3
R,-3.,)=3-3.2*3-'2)?1),<)-E-B3=?6=?3-35-3,-a13-<*353.2)-,)-53j),-Ic5-/lY6,"-R,-J;0-3.-B3=?6=?3-35-2).-58,8-k"
R,-J;0-,8=),-/3-'2)?1),<)-35-/3-#!"-R2*)j)I3.23-)-<35)*-/3-53*-3,-3.,)=3-Ic5-/lY6,-35-3,-a13-<*353.2)-,85
I3C8*35-263I<85-/3-<6.(5@-=8.-1.-<*8I3/68-/3-LHI5"-B*8Y)Y,3I3.23-53-/3Y3-)-,)-<8=)-6.23*73*3.=6)-3.-,)
h8.)"
-




                                                   B6.(-3.2*3-'2)?1),<)-E-R,-03),




:)-6I)(3.-)**6Y)-35-1.)-<*13Y)-=8.-3,-5872+)*3-];Q-d)/I6.652*)=6f.-(*c76=)-*3I82)-/3-1.-=8I<12)/8*e-3.2*3
G).).26),-E-'2)?1),<)@-352)-<*13Y)-/3I1352*)-a13-3,-).=?8-/3-Y)./)-35-3,-)/3=1)/8@-];Q-58,8-71.=68.)-=8.
1.-Y13.-).=?8-/3-Y)./)"
R.-352)-<*13Y)-53-<13/3.-O3*-28/85-,85-3.,)=35-)=26O)/85-56I1,2c.3)I3.23"

:)-6.23*73*3.=6)-3.=8.2*)/)-3.-352)-h8.)-/3-,)-<3.m.51,)-713-I1=?8-Ic5-(*)./3-/3-,8-a13-53-35<3*)Y)"-:)
23=.8,8(m)-KH#"LL-.85-<*8O33-LL-=).),35-/3-,85-=1),35-58,)I3.23-3,-V@-LH-E-LL-53-3.=13.2*).-*3,)26O)I3.23
,6Y*35-/3-6.23*73*3.=6)@-35-6I<856Y,3-2*)Y)C)*-3.-3,-*3528-/3-=).),35@-,)-53j),-35-=8I<,32)I3.23-)?8()/)-<8*-1.)
713.23- /3 - 6.23*73*3.=6)- /35=8.8=6/)" -:) - <823.=6) - /3- ,) -6.23*73*3.=6)- 35 -6.=,158- I)E8*- a13- 3.- 3, - =)I<15
B*85<3*6.)-/3-,)-RJBN:"

:85-3.,)=35-<*353.2).-3,-56(163.23-<*8I3/68-/3-=),6/)/-d3,-263I<8-3.-I5-/3-,85-<6.(5-O)*m)-I1=?8-3.2*3
<*13Y)5@-3,-J;0-513,3-I).23.3*53-=8.52).23-<8*-,8-2).28-35-1.)-I3C8*-I3/6=6f.-/3-,)-=),6/)/eT

*50&;-'-59%-'>-;D";D-'AC         FG1'H.&A4%'.-I4%J             >"5#'H.-54%'.-I4%J           3&0"/&/
R,-03),                                  !V                           #HHI5                      R=3,3.23
G).).26),-/3-Q?)./1E                     #K                            %HI5                     G1E-Y13.)
B13*28-Q?)./1E                           #K                            VHI5                     G1E-Y13.)
'2)?1),<)                                #!                            LHI5                       A13.)
7. P':6#;'()#6M'5;6F(76<&"$;2#$6F

                       1-<4%9-'/-'>%4A-;94+'34.$5"9&%"4+
                                 >%4A-;94'32G
R.2*3-,)5-)=26O6/)/35-/3-=)<)=62)=6f.-/3,-<*8E3=28-Q';-53-*3),6h)*8.-!-)=26O6/)/35-=8./1=3.235
) - I3C8*)* - ,) - =)<)=6/)/ - /3 - (3526f. - ,8=), - 3. - ,)5 - /6526.2)5 - =8I1.6/)/35 - <)*26=6<).235 - 3. - 3,
<*8E3=28"

46=?)5-)=26O6/)/35-58.T

    L" >),,3*-/3-435)**8,,8-/3-<*8E3=285-=8I1.62)*685-58=68M<*8/1=26O85
    #" 031.6f.-/3-J3(16I63.28-/3-,85-<*8E3=285-=8I1.62)*685
    !" B*353.2)=6f.-/3-B*8E3=285-=8I1.62)*685

:)5-2*35-)=26O6/)/35-53-?).-*3),6h)/8-)-<)*26*-/3,-Lk-/3-^1.68-/3,-#HH%@-=8.=,1E3./8-=8.-,)
n,26I) - )=26O6/)/ - 3, - /m) - k - /3 - N=21Y*3- /3, - #HH%@ -<8* - ,8 - a13 -) - =8.26.1)=6f. - 53 - /32),,) - =)/)
)=26O6/)/"

'' ''
()'' K&00-%'/-'>%4A-;94+'F4;"4'>%4/$;9"B4+
      '=26O6/)/                !"##$%&'($)"%%*##*&+$&,%*-$./*)&.*0123/"%3*)&)*.3*4,%*+1./35*)6
      :1()*                    '1/628*68-/3,-G1538-o03),-',28p
      P3=?)T                   Lk-g-LK--/3-^1.68-/3,-#HH%
      X8*)*68                  V?HH-g-Lk?HH
      P)=6,62)/8*T             J*"-9)5?6.(28.-G)=m)5
      '56523.23T               J*)"-Pc26I)-N*26h
      48=1I3.285T              '.38-L"LT-P8285-/3,-3O3.28
                               '.38-#"LT-03(652*8-/3-'56523.=6)-d5f,8-,652)-/3-<)*26=6<).235-
                               '.38-!T-48=1I3.285-126,6h)/85-3.-3,-2),,3*
                               '.38-$T-G)2*6h-*351,2).23-/3,-2),,3*

R,-3O3.28-53-*3),6hf-=8.-,)-<*353.=6)-/3-,m/3*35-=8I1.62)*685-/3-&-=8I1.6/)/35T-'2)?1),<)@
B3=?6=?3@-J).-B3/*8@-G).).26),-/3-Q?)./1E@-B13*28-/3-Q?)./1E@-R,-03),"

R.-3,-53(1./8-/m)-/3,-2),,3*-.8-53-=8.2f-=8.-,)-<*353.=6)-/3-,)-=8I1.)-R,-03),@-<)*26=1,)*-a13-53
6.78*If-),-53=*32)*68-/3-,)-=8I1.)-<)*)-a13-53,3==68.3.-)-.13O85-*3<*353.2).235-<3*8-.8
8Y21O6I85-*35<1352)-/3-3,,85"

R,-2),,3*-Y15=)-/35)**8,,)*-,)-?)Y6,6/)/-/3-<*3<)*)*-1.-<3*76,-/3-<*8E3=28"---R.-3,-2*).5=1*58-/3,
2),,3*-53-2*)Y)Cf-3.-(*1<85-=8.78*I)/85-<8*-<3*58.)5-/3-,)-I65I)-=8I1.6/)/@-,85-=1),35
3.=8.2*)*8.-3,-<*8Y,3I)-a13-a13*m).-*358,O3*-=8.-3,-<*8E3=28-a13-O).--)-<*8<8.3*"---:85
<*8Y,3I)5-<8*-=8I1.6/)/-713*8.-,85-56(163.235T


              34.$5&                                         >%4?0-.&
R,-03),                 R,-51Y=3.2*8-/3-5),1/-352c-=3**)/8
         J).-B3/*8               R,-/353I<,38
         B13*28-/3-Q?)./1E       R.73*I3/)/35-/3-5),1/@-),l*(6=)5-E-/3*I)28,f(6=)5
         G).).26),-/3            R,-/353I<,38
         Q?)./1E
         '2)?1),<)               R,-/353I<,38
         B3=?6=?3                :)-Y)51*)-/3-28/)-,)-h8.)-53-/3<8562)-)-L-FI-/3
                                 B3=?6=?3

:13(8-/3-3.=8.2*)*-3,-<*8Y,3I)-a13-*358,O3*m).@-<*856(163*8.-)-/35)**8,,)*-1.-Y8**)/8*-/3,
q*Y8,-/3-<*8Y,3I)5-E-3,-q*Y8,-/3-58,1=68.35"---J3-*3O65f-3,-78*I)28-*3a13*6/8-<)*)-,)
<*353.2)=6f.-/3-<*8E3=285-*3a13*6/8-<8*-3,-D;RQD"---

Q8I8-2)*3)-/3,-<*353.23-2),,3*@-,85-<)*26=6<).235-/3Y3.-3.2*3()*-3,-Y8**)/8*-/3,-<3*76,-/3,
<*8E3=28"---

'' ''
L)'' 1-$5"=5'/-'F-#$"."-594'/-'>%4A-;94+'34.$5"9&%"4+'F4;"4'>%4/$;9"B4+
'=26O6/)/             7$12382&+$&9$:1303$2/*&+$&;%*-$./*)&<*0123/"%3*)&9*.3*
                      ,%*+1./35*)
:1()*                 '1/628*68-/3,-G1538-o03),-',28p
P3=?)T                ##-/3-^1,68-/3,-#HH%
X8*)*68               V?HH-g-L&?HH
P)=6,62)/8235T        J*"-96,58.-G1*6,,8
                      J*"-9)5?6.(28.-G)=m)5
'56523.23T            J*)"-Pc26I)-N*26h
48=1I3.285T           '.38-#"#T-03(652*8-/3-'56523.=6)

:)5-=8I1.6/)/35-a13-)565263*8.-)-l523-2),,3*-713*8.T

    L"   G).).26),-/3-Q?)./1E
    #"   B13*28-Q?)./1E
    !"   J).-B3/*8
    $"   B3=?6=?3-

41*).23-352)-C8*.)/)-53-*3),6h)*8.-,)5-56(163.235-)=26O6/)/35T

L" J3-*3),6hf-3,-*3(652*8-/3-)56523.=6)

#" J3 - 58=6),6hf - ,) -6.78*I)=6f. - /3 - =)/) - <3*76, - /3 - <*8E3=28-a13 - <*353.2)*8.- ,)5 -*35<3=26O)5
   =8I1.6/)/35"-

!" J3-3<,6=f-.13O)I3.23-,)-I328/8,8(m)-/3-2*)Y)C8-E-,)-6I<8*2).=6)-/3-3.78=)*--,85-<3*76,35
   3.-71.=6f.-/3-,85-<*8Y,3I)5-<*68*62)*685-/3-=)/)-<8Y,)=6f."
$" J3-28If-=8I8-3C3I<,8-3,-<3*76,-/3-,)-=8I1.)-G).).26),-/3-Q?)./1E@-)-<)*26*-/3,-=1),-53
   ).),6hf - =)/) - 1.8 - /3 - ,85 - .1I3*),35@ - <8.63./8 - l.7)565 - 3. - ,85 - =8I<8.3.235 - E - 515
   =8**35<8./63.235-)=26O6/)/35"

%" J3-=8.53.51f-3,-=*8.8(*)I)-/3-2*)Y)C8-/3-=)I<8@-)-=)*(8-/3-1.8-/3-,85-P)=6,62)/8235@-J*"
   96,58.-G1*6,,8


R,-J*-96,58.-G1*6,,8-O6562f-,)5-=8I1.6/)/35-/1*).23-,)-53I).)-/3,-#%-g-#V-/3-^1,68-/3,-#HH%

               34.$5"/&/                     !-;D&                 M4%&%"4
        B13*28-/3-Q?)./1E             #%-/3-^1,68             K?!H-g-L&?HH
        G).).26),-/3-Q?)./1E          #&-/3-^1,68             V?HH-g-L!?HH
        B3=?6=?3                      #k-/3-^1,68-            K?!H-g-L&?HH
        J).-B3/*8                     #K-/3-^1,68             V?HH-g-L&?HH

'' ''
N)'' >%-+-59&;"=5'/-'>%4A-;94+'34.$5"9&%"4+'F4;"4'>%4/$;9"B4+
'=26O6/)/            ;%$)$2/".382&+$&,%*-$./*)&.*0123/"%3*)&)*.3*&,%*+1./35*)
:1()*                '1/628*68-/3,-G1538-o03),-',28p
P3=?)T               k-/3-N=21Y*3-/3,-#HH%
X8*)*68              V?!H-g-LL?!H
48=1I3.285T          '.38-L"#T-P8285-/3,-3O3.28
                     '.38-#"!T-03(652*8-/3-'56523.=6)
                     '.38-%T-:652)/8-/3-6.O62)/85
                     '.38-&T-46)<85626O)5-<*353.2)/)5-3.-3,-3O3.28
                     '.38-kT-B*8E3=285-=8I1.62)*685

R,-/m)-O63*.35-k-/3-N=21Y*3@-)-,)5-V?!H-3.-3,-'1/628*68-/3,-G1538-03),-',28-/3-B3=?6=?3-53
,,3Of-)-=)Y8-,)-<*353.2)=6f.@-).23-,)5-6.52621=68.35-6.O62)/)5@-/3-,85-<*8E3=285-=8I1.62)*685-/3T

    !    B3=?6=?3@-
    !    G).).26),-/3-Q?)./1E@-
    !    B13*28-/3-Q?)./1Er-E-
    !    J).-B3/*8@-

R,-3O3.28-53-/35)**8,,f-3.-/85-<)*235"---:)-<*6I3*)-32)<)-53-*3),6hf-3.-,85-323*68*35-/3,
)1/628*68"---:)5-=8I1.6/)/35-3<8.m).-,6Y*3I3.23-)-,85-6.O62)/85@-6.78*I)=6f.-58Y*3-51
=8I1.6/)/-3.-(3.3*),@-=)*)=23*m526=)5-/3,-<13Y,8@-,85-<*6.=6<),35-<*8Y,3I)5-/3-,)-h8.)@-32="

:13(8-,85-6.O62)/85-6.(*35)*8.-),-'1/628*68-/3,-I1538@-/8./3-=)/)-=8I1.6/)/-3<8.m)-)-2*)Ol5
/3-/6)<85626O)5@-3,-<*8Y,3I)-3,3(6/8@-515-=)15)5@-=8.53=13.=6)5-E-,)-58,1=6f.-a13-,)-=8I1.6/)/
?)Ym)-6/3.2676=)/8-<)*)-3,-<*8Y,3I)-53,3==68.)/8"
',-76.),6h)*-3,-3O3.28-=)/)-=8I1.6/)/-23.m)-=8.2)=28-=8.-3.26/)/35-a13-<8/*m).-)E1/)*-3.-,)
6I<,3I3.2)=6f.-/3-515-<*8E3=285-=8I1.62)*685@-2),35-=8I8T-G1.6=6<68-/3-J).2)-R,3.)@
P1./)=6f.-J),1/-BnY,6=)-D.23*.)=68.),@-Q3.2*8-/3-B*8I8=6f.-01*),@-3.2*3-82*85"




                   D.6=68-/3,-2),,3*@-=8I1.)5T-B3=?6=?3@-'2)?1),<)@-R,-03),

                               4m)-LT-<*8<8.63./8-1.-<*8Y,3I)




                                  46)-LT-q*Y8,-/3-<*8Y,3I)5
4m)-#T--R5=*6Y63./8-1.-Y8**)/8*-/3,-<3*76,-/3,-<*8E3=28

      !"#$%&'&()*+,*&)-$./0'&()*%$1.,*20*'$/3)&+0+*4*%3%*#.$12,/0%




     +"9H@?.,?@?@#3?4.A%.+J?@AH8                     +"9H@?.7?@.K%A/"
--
Q8I1.)-B3=?6=?3                           Q8I1.)-B13*28-/3-Q?)./1E




     R<856=6f.-/3-,)-=8I1.)-B3=?6=?3   R<856=6f.-/3-,)-Q8I1.)-G).).26),-/3-Q?)./1E

--

More Related Content

What's hot

علم الحاسوب للصف الخامس الاعدادي
علم الحاسوب للصف الخامس الاعداديعلم الحاسوب للصف الخامس الاعدادي
علم الحاسوب للصف الخامس الاعداديAyad Haris Beden
 
القيادة وقت الازمات
القيادة وقت الازمات القيادة وقت الازمات
القيادة وقت الازمات Dr Ghaiath Hussein
 
Länder sprachen-personen
Länder sprachen-personenLänder sprachen-personen
Länder sprachen-personenAndyAustrich
 
2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley
2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley
2.ley 28708 general_del_sistema_nacional_de_contabilidad_leyEduardo EB
 
Mc2012 donna burnette handout
Mc2012 donna burnette handoutMc2012 donna burnette handout
Mc2012 donna burnette handoutMatthew Hoelker
 
TrueCar Monthly Data Report September 2009
TrueCar Monthly Data Report September 2009TrueCar Monthly Data Report September 2009
TrueCar Monthly Data Report September 2009TrueCar
 
Vol 12 The Name of the Grain
Vol 12 The Name of the GrainVol 12 The Name of the Grain
Vol 12 The Name of the GrainMaria Nunes
 
Entrepreneurship 101 - The Nuts and Bolts of Starting a Business
Entrepreneurship 101 -  The Nuts and Bolts of Starting a BusinessEntrepreneurship 101 -  The Nuts and Bolts of Starting a Business
Entrepreneurship 101 - The Nuts and Bolts of Starting a BusinessMaRS Discovery District
 
Everyday Moments
Everyday MomentsEveryday Moments
Everyday MomentsNappytimes
 
Why there is 15% unnecesary co2 emissions in road transport
Why there is 15% unnecesary co2 emissions in road transportWhy there is 15% unnecesary co2 emissions in road transport
Why there is 15% unnecesary co2 emissions in road transportCarl-Ivar Ahlqvist
 

What's hot (18)

علم الحاسوب للصف الخامس الاعدادي
علم الحاسوب للصف الخامس الاعداديعلم الحاسوب للصف الخامس الاعدادي
علم الحاسوب للصف الخامس الاعدادي
 
Revista fracking
Revista frackingRevista fracking
Revista fracking
 
Mexico nom043
Mexico nom043Mexico nom043
Mexico nom043
 
Ethiopian economy under EPRDF TPLF 1991-2014
Ethiopian economy under EPRDF TPLF 1991-2014Ethiopian economy under EPRDF TPLF 1991-2014
Ethiopian economy under EPRDF TPLF 1991-2014
 
Csi Process Workshop February 2010
Csi Process Workshop   February 2010Csi Process Workshop   February 2010
Csi Process Workshop February 2010
 
القيادة وقت الازمات
القيادة وقت الازمات القيادة وقت الازمات
القيادة وقت الازمات
 
Flipped
Flipped Flipped
Flipped
 
Libro nicaragua y el fsln-marti puig close-libre
Libro nicaragua y el fsln-marti puig close-libreLibro nicaragua y el fsln-marti puig close-libre
Libro nicaragua y el fsln-marti puig close-libre
 
Länder sprachen-personen
Länder sprachen-personenLänder sprachen-personen
Länder sprachen-personen
 
2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley
2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley
2.ley 28708 general_del_sistema_nacional_de_contabilidad_ley
 
Mc2012 donna burnette handout
Mc2012 donna burnette handoutMc2012 donna burnette handout
Mc2012 donna burnette handout
 
TrueCar Monthly Data Report September 2009
TrueCar Monthly Data Report September 2009TrueCar Monthly Data Report September 2009
TrueCar Monthly Data Report September 2009
 
Snitchtown By Emma Byrne
Snitchtown By Emma ByrneSnitchtown By Emma Byrne
Snitchtown By Emma Byrne
 
Vol 12 The Name of the Grain
Vol 12 The Name of the GrainVol 12 The Name of the Grain
Vol 12 The Name of the Grain
 
Decentralized Controllability
Decentralized ControllabilityDecentralized Controllability
Decentralized Controllability
 
Entrepreneurship 101 - The Nuts and Bolts of Starting a Business
Entrepreneurship 101 -  The Nuts and Bolts of Starting a BusinessEntrepreneurship 101 -  The Nuts and Bolts of Starting a Business
Entrepreneurship 101 - The Nuts and Bolts of Starting a Business
 
Everyday Moments
Everyday MomentsEveryday Moments
Everyday Moments
 
Why there is 15% unnecesary co2 emissions in road transport
Why there is 15% unnecesary co2 emissions in road transportWhy there is 15% unnecesary co2 emissions in road transport
Why there is 15% unnecesary co2 emissions in road transport
 

Viewers also liked

Viewers also liked (20)

Copiade documento(2)
Copiade documento(2)Copiade documento(2)
Copiade documento(2)
 
Von Hagel Stralsund
Von Hagel StralsundVon Hagel Stralsund
Von Hagel Stralsund
 
Guía para utilizar la Wiki de la Escuela Normal
Guía para utilizar la Wiki de la Escuela NormalGuía para utilizar la Wiki de la Escuela Normal
Guía para utilizar la Wiki de la Escuela Normal
 
Cts1
Cts1Cts1
Cts1
 
Redes sociales en educacion
Redes sociales en educacionRedes sociales en educacion
Redes sociales en educacion
 
Diagrama de gantt maria atiaja
Diagrama de gantt  maria atiajaDiagrama de gantt  maria atiaja
Diagrama de gantt maria atiaja
 
01sena 2011 primer trabajo
01sena 2011  primer trabajo01sena 2011  primer trabajo
01sena 2011 primer trabajo
 
Sobrepeso
SobrepesoSobrepeso
Sobrepeso
 
Antes de dormir
Antes de dormirAntes de dormir
Antes de dormir
 
Coincidence detection context_browsing_20100321132425
Coincidence detection context_browsing_20100321132425Coincidence detection context_browsing_20100321132425
Coincidence detection context_browsing_20100321132425
 
El pc dj lopez
El pc   dj lopezEl pc   dj lopez
El pc dj lopez
 
Manuel arturo
Manuel arturoManuel arturo
Manuel arturo
 
Web Applikations Security
Web Applikations SecurityWeb Applikations Security
Web Applikations Security
 
Ver
VerVer
Ver
 
Frankbusiness/NEGOCIOS,CONFERENCIAS,MOTIVACIÓN PERSONAL,ENTRENAMIENTO DE VEND...
Frankbusiness/NEGOCIOS,CONFERENCIAS,MOTIVACIÓN PERSONAL,ENTRENAMIENTO DE VEND...Frankbusiness/NEGOCIOS,CONFERENCIAS,MOTIVACIÓN PERSONAL,ENTRENAMIENTO DE VEND...
Frankbusiness/NEGOCIOS,CONFERENCIAS,MOTIVACIÓN PERSONAL,ENTRENAMIENTO DE VEND...
 
Fremdsprachenlehrmethode
FremdsprachenlehrmethodeFremdsprachenlehrmethode
Fremdsprachenlehrmethode
 
Usando las Netbook's
Usando las Netbook'sUsando las Netbook's
Usando las Netbook's
 
Weiterbildung meine lehre auf youtube
Weiterbildung meine lehre auf youtubeWeiterbildung meine lehre auf youtube
Weiterbildung meine lehre auf youtube
 
B9642112
B9642112B9642112
B9642112
 
Der Focus
Der FocusDer Focus
Der Focus
 

Similar to Informe Final Red de Area Comunal

SURAH DALAM HSP.pdf
SURAH DALAM HSP.pdfSURAH DALAM HSP.pdf
SURAH DALAM HSP.pdfssuser48ba79
 
Mariano cenamo juma methodological aspects
Mariano cenamo   juma methodological aspectsMariano cenamo   juma methodological aspects
Mariano cenamo juma methodological aspectstheREDDdesk
 
Proyecto científico equipo onlyfive pd g
Proyecto científico equipo onlyfive pd gProyecto científico equipo onlyfive pd g
Proyecto científico equipo onlyfive pd gonlifivepg
 
Cancer & santé publique interview du professeur agnès buzyn.
Cancer & santé publique   interview du professeur agnès buzyn.Cancer & santé publique   interview du professeur agnès buzyn.
Cancer & santé publique interview du professeur agnès buzyn.Réseau Pro Santé
 
Genro de Pedro Corrêa é preso em nova fase da Lava Jato
Genro de Pedro Corrêa é preso em nova fase da Lava JatoGenro de Pedro Corrêa é preso em nova fase da Lava Jato
Genro de Pedro Corrêa é preso em nova fase da Lava JatoPortal NE10
 
Prca debate-on-the-future-of-the-agency
Prca debate-on-the-future-of-the-agencyPrca debate-on-the-future-of-the-agency
Prca debate-on-the-future-of-the-agencyGed Carroll
 
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...Leopoldo Nunes
 
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...Place North West
 
Technorati Blogging Stats Preview
Technorati Blogging Stats PreviewTechnorati Blogging Stats Preview
Technorati Blogging Stats PreviewEric Schwartzman
 
Déclic'emploi, un pas vers le salariat
Déclic'emploi, un pas vers le salariatDéclic'emploi, un pas vers le salariat
Déclic'emploi, un pas vers le salariatCri - Greta du Velay
 
Story bird resources_part_3
Story bird resources_part_3Story bird resources_part_3
Story bird resources_part_3Eric Brace
 
Story bird resource_part_1
Story bird resource_part_1Story bird resource_part_1
Story bird resource_part_1Eric Brace
 
Diagnóstico preliminar sistêmico gestão
Diagnóstico preliminar sistêmico gestãoDiagnóstico preliminar sistêmico gestão
Diagnóstico preliminar sistêmico gestãoPríncipe Simões
 
Storybird resource part_2
Storybird resource part_2Storybird resource part_2
Storybird resource part_2Eric Brace
 
2010 NEW YORK URBAN LATINO FILM FESTIVAL 2010
2010 NEW YORK URBAN LATINO FILM FESTIVAL 20102010 NEW YORK URBAN LATINO FILM FESTIVAL 2010
2010 NEW YORK URBAN LATINO FILM FESTIVAL 2010synertainment4.0
 
Representing the curriculum symposium
Representing the curriculum symposiumRepresenting the curriculum symposium
Representing the curriculum symposiumHelen Beetham
 
NH Coastal Adaptation Working Group: Assisting NH’s Coastal Communities
NH Coastal Adaptation Working Group: Assisting NH’s Coastal CommunitiesNH Coastal Adaptation Working Group: Assisting NH’s Coastal Communities
NH Coastal Adaptation Working Group: Assisting NH’s Coastal Communitiesgreenbelt82
 

Similar to Informe Final Red de Area Comunal (20)

SURAH DALAM HSP.pdf
SURAH DALAM HSP.pdfSURAH DALAM HSP.pdf
SURAH DALAM HSP.pdf
 
Mariano cenamo juma methodological aspects
Mariano cenamo   juma methodological aspectsMariano cenamo   juma methodological aspects
Mariano cenamo juma methodological aspects
 
Proyecto científico equipo onlyfive pd g
Proyecto científico equipo onlyfive pd gProyecto científico equipo onlyfive pd g
Proyecto científico equipo onlyfive pd g
 
Cancer & santé publique interview du professeur agnès buzyn.
Cancer & santé publique   interview du professeur agnès buzyn.Cancer & santé publique   interview du professeur agnès buzyn.
Cancer & santé publique interview du professeur agnès buzyn.
 
Genro de Pedro Corrêa é preso em nova fase da Lava Jato
Genro de Pedro Corrêa é preso em nova fase da Lava JatoGenro de Pedro Corrêa é preso em nova fase da Lava Jato
Genro de Pedro Corrêa é preso em nova fase da Lava Jato
 
Prca debate-on-the-future-of-the-agency
Prca debate-on-the-future-of-the-agencyPrca debate-on-the-future-of-the-agency
Prca debate-on-the-future-of-the-agency
 
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...
Impacto dos custos logísticos no Comércio Exterior do R. G. do Norte Leopoldo...
 
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...
Digital Opportunities: Steve Wind-Mozley, director of digital, Virgin Media B...
 
27thchapter
27thchapter27thchapter
27thchapter
 
Technorati Blogging Stats Preview
Technorati Blogging Stats PreviewTechnorati Blogging Stats Preview
Technorati Blogging Stats Preview
 
Cosmic rays hindi
Cosmic rays hindiCosmic rays hindi
Cosmic rays hindi
 
Company Resume
Company ResumeCompany Resume
Company Resume
 
Déclic'emploi, un pas vers le salariat
Déclic'emploi, un pas vers le salariatDéclic'emploi, un pas vers le salariat
Déclic'emploi, un pas vers le salariat
 
Story bird resources_part_3
Story bird resources_part_3Story bird resources_part_3
Story bird resources_part_3
 
Story bird resource_part_1
Story bird resource_part_1Story bird resource_part_1
Story bird resource_part_1
 
Diagnóstico preliminar sistêmico gestão
Diagnóstico preliminar sistêmico gestãoDiagnóstico preliminar sistêmico gestão
Diagnóstico preliminar sistêmico gestão
 
Storybird resource part_2
Storybird resource part_2Storybird resource part_2
Storybird resource part_2
 
2010 NEW YORK URBAN LATINO FILM FESTIVAL 2010
2010 NEW YORK URBAN LATINO FILM FESTIVAL 20102010 NEW YORK URBAN LATINO FILM FESTIVAL 2010
2010 NEW YORK URBAN LATINO FILM FESTIVAL 2010
 
Representing the curriculum symposium
Representing the curriculum symposiumRepresenting the curriculum symposium
Representing the curriculum symposium
 
NH Coastal Adaptation Working Group: Assisting NH’s Coastal Communities
NH Coastal Adaptation Working Group: Assisting NH’s Coastal CommunitiesNH Coastal Adaptation Working Group: Assisting NH’s Coastal Communities
NH Coastal Adaptation Working Group: Assisting NH’s Coastal Communities
 

More from Maria Tobon

La enfermera virtual un proyecto tic para la de la sal
La enfermera virtual  un proyecto tic para la  de la salLa enfermera virtual  un proyecto tic para la  de la sal
La enfermera virtual un proyecto tic para la de la salMaria Tobon
 
Wikiaprendizajes
WikiaprendizajesWikiaprendizajes
WikiaprendizajesMaria Tobon
 
Presentación roberto canales
Presentación roberto canalesPresentación roberto canales
Presentación roberto canalesMaria Tobon
 
Presentación Roberto Canales
Presentación Roberto CanalesPresentación Roberto Canales
Presentación Roberto CanalesMaria Tobon
 
Presentación roberto canales
Presentación roberto canalesPresentación roberto canales
Presentación roberto canalesMaria Tobon
 
Piedecta 22557 escrito
Piedecta 22557 escritoPiedecta 22557 escrito
Piedecta 22557 escritoMaria Tobon
 
Renacer suenos de aula
Renacer suenos de aulaRenacer suenos de aula
Renacer suenos de aulaMaria Tobon
 
Medicion de las tic en la educacion
Medicion de las tic en la educacionMedicion de las tic en la educacion
Medicion de las tic en la educacionMaria Tobon
 
El libro total presentación completa
El libro total   presentación completaEl libro total   presentación completa
El libro total presentación completaMaria Tobon
 
Informe final videojuegos
Informe final videojuegosInforme final videojuegos
Informe final videojuegosMaria Tobon
 
Presentacion dia de internet
Presentacion dia de internetPresentacion dia de internet
Presentacion dia de internetMaria Tobon
 
Presentacion segundaopinion-2010
Presentacion segundaopinion-2010Presentacion segundaopinion-2010
Presentacion segundaopinion-2010Maria Tobon
 
Portafolio de servicios v6
Portafolio de servicios v6Portafolio de servicios v6
Portafolio de servicios v6Maria Tobon
 
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...Maria Tobon
 
Aula tecnologica
Aula tecnologicaAula tecnologica
Aula tecnologicaMaria Tobon
 

More from Maria Tobon (20)

La enfermera virtual un proyecto tic para la de la sal
La enfermera virtual  un proyecto tic para la  de la salLa enfermera virtual  un proyecto tic para la  de la sal
La enfermera virtual un proyecto tic para la de la sal
 
Wikiaprendizajes
WikiaprendizajesWikiaprendizajes
Wikiaprendizajes
 
Documento
DocumentoDocumento
Documento
 
Presentación roberto canales
Presentación roberto canalesPresentación roberto canales
Presentación roberto canales
 
Presentación Roberto Canales
Presentación Roberto CanalesPresentación Roberto Canales
Presentación Roberto Canales
 
Presentación roberto canales
Presentación roberto canalesPresentación roberto canales
Presentación roberto canales
 
Brochure dm
Brochure dmBrochure dm
Brochure dm
 
Brochure dm
Brochure dmBrochure dm
Brochure dm
 
Piedecta 22557 escrito
Piedecta 22557 escritoPiedecta 22557 escrito
Piedecta 22557 escrito
 
Renacer suenos de aula
Renacer suenos de aulaRenacer suenos de aula
Renacer suenos de aula
 
Medicion de las tic en la educacion
Medicion de las tic en la educacionMedicion de las tic en la educacion
Medicion de las tic en la educacion
 
El libro total presentación completa
El libro total   presentación completaEl libro total   presentación completa
El libro total presentación completa
 
Informe skoool
Informe skooolInforme skoool
Informe skoool
 
Informe final videojuegos
Informe final videojuegosInforme final videojuegos
Informe final videojuegos
 
Presentacion dia de internet
Presentacion dia de internetPresentacion dia de internet
Presentacion dia de internet
 
Presentacion segundaopinion-2010
Presentacion segundaopinion-2010Presentacion segundaopinion-2010
Presentacion segundaopinion-2010
 
Modelo 030511
Modelo 030511Modelo 030511
Modelo 030511
 
Portafolio de servicios v6
Portafolio de servicios v6Portafolio de servicios v6
Portafolio de servicios v6
 
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...
Proyecto merlink. modelo de compras publicas electronicas en costa rica. sr. ...
 
Aula tecnologica
Aula tecnologicaAula tecnologica
Aula tecnologica
 

Recently uploaded

Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfhans926745
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)Gabriella Davis
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfsudhanshuwaghmare1
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)wesley chun
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...apidays
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUK Journal
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century educationjfdjdjcjdnsjd
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Drew Madelung
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024The Digital Insurer
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationMichael W. Hawkins
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAndrey Devyatkin
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityPrincipled Technologies
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024The Digital Insurer
 

Recently uploaded (20)

Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdf
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day Presentation
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 

Informe Final Red de Area Comunal

  • 1. !"#$!%&'"$(!)*+)'(+%*,-#.*#&' /!%'%*,+)&%' 0!"(+%1 #23456'72',283696:;<='72'*3>65?<8@A3 0#,*1 !"#$%&'()*"+,(-'(./'010*2" 3%$4'05$6(78'-'9(-'(:%'+(;$&1"+,< )*"+"0*+0*2"6 )8!=:(>(.?3@A(>(;B!( 8'9C$"9+D,'96 !"#$%&'()'*+',(-.()/.0. 123$'#(45/62(7/.(8.95. 9':;$'<=#'(>??@(A(45;&=#'(>??B
  •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
  •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`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aP (S9$N"2*( ;6( a6$F'(P2;$6T(D' (*6F( '"*25'F ('";#' (*2F(D$I'#'";'F 56<&"$D2D'FK(2FJ(56<6(;2<=$E"('*(#';#2F6(M(:'#D$D2(D'(:2%&';'F.((]6D2F *2F(56"'X$6"'F(5&<:*$'#6"(56"(*6F(#'%&'#$<$'";6F(<J"$<6F. Q5;&2*<'";' ( *6F ( '"*25'F ( '";#' ( *2F ( 5$"56 ( 56<&"2F ( D' ( *2F ( 7Qa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`FK(&"(:#65'F2D6#(D'(:2*2=#2FK(&"2(/6[2('*'5;#G"$52(' L";'#"';K(2FJ(56<6('"('*(&F6(D'(/'##2<$'";2F(:2#2(*2(N'F;$G"('<:#'F2#$2*.
  •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b(c90 >???(:6#("6D6T(%&'('"*2,2(2(B(56<&"$D2D'F (D'";#6(D'(&"(+#'2(5&M6 D$+<';#6('F(D'(Z?(d<. ! 76"'X$G"(D'('F;2F(5'*D2F(2(L";'#"';(2(;#23EF(D'(&"('"*25'($"2*+<=#$56 56"(&"(5'";#6(<G3$*(D'(2:#'"D$,2['(D'";#6(D'*(+#'2(D'(56='#;&#2(D'(*2 #'D. ! 065&<'";6(%&'(#'F&<'(*6F(:2F6F(:2#2(*2(#':*$525$G"(D'('F;'(;$:6(D' #'D'F. ! 72:25$D2D(*652*(:2#2('*(5&$D2D6(M(<2";'"$<$'";6(D'*("6D6(D'(255'F6(S> ;E5"$56F('"(52D2(56<&"2T "68@<92= ! >? ( 56<&"'#6F ( S@ ( :6# ( 56<&"2T ( /2" ( F$D6 ( 52:25$;2D6F ( '" ( '* ( &F6 ( D' /'##2<$'";2F(;'5"6*GN$52F(=+F$52F(Sc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
  • 6. ! !"#$%&%'"(')**"+$'&'(&',-.$%/&*,0- )2#2 ( :'#5$=$# ( *2 ( #'2* ( D$<'"F$G" ( D' ( 'F;' ( :&";6 ( /2M ( %&' ( 56";'X;&2*$,2#*6 D'";#6(D'(*2(#'2*$D2D(D'(*2(,6"2.(((!"('F;2F(56<&"$D2D'FK(:#+5;$52<'";'K('* C"$56(255'F6(2(&"(56<:&;2D6#('F(2(;#23EF(D'(*6F(*2=6#2;6#$6F(56"(%&'(F' /2 ( D6;2D6 ( 2 ( *2F ( 'F5&'*2F ( D' ( *2 ( ,6"2 ( 2 ( ;#23EF ( D' ( 6;#6F ( :#6M'5;6F. ( ( ( e <&5/2F ( 3'5'F ( 'F;6F ( *2=6#2;6#$6F ( F6" ( #6;2;$36FK ( 32" ( <63$*$,+"D6F' ( D' 56<&"$D2D('"(56<&"$D2D.((((((e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a6(:6D'<6F(D'5$#(%&'(*&'N6 D'*(:#6M'5;6("6('X$F;'"(:#6=*'<2F('"(5&2";6(2(*2(6#N2"$,25$G"(56<&"$;2#$2K :'#6(/2M(%&'(D'F;252#(%&'(56"('*(:#6M'5;6(F'(2=#$G(&"('F:25$6 (:2#2 (*2 :#+5;$52 ( D' ( *$D'#2,N6K( '* (;#2=2[6 ( '" ( 56"[&";6K (*2 ( N'"'#25$G" ( D' ( $D'2FK ( *2 $D'";$I$525$G"(D'(25;6#'F(5*23'F(D'(*2(56<&"$D2DK ('";#'(6;#2F(25;$3$D2D'F "'5'F2#$2F ( :2#2 ( '<:',2# ( 2 ( <63$*$,2# ( 2 ( *2F ( :'#F6"2F ( /25$2 ( &"2 ( <'[6# 6#N2"$,25$G".(((f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
  • 7. f2M(<&5/2F ($D'2F(M(25;$3$D2D'F(%&'(F'(:&'D'" (D'F2##6**2#(:2#2(2:#63'5/2#(*2 ;'5"6*6NJ2 ( $"F;2*2D2 ( '" ( *2 ( ,6"2K ( ( ;6D2F ( '"52<$"2D2F ( 2 ( %&' ( *2F ( 56<&"$D2D'F 2:#63'5/'"('"(;6D2F(*2F(+#'2F(:6F$=*'F(*2("&'32(56"'X$G"('X$F;'";'('";#'('**2F(M '*(<&"D6.((02D6F(*6F(#'F&*;2D6F(6=;'"$D6F('"(*2F(56<&"$D2D'FK('F;2F(25;$3$D2D'FK ;2*'F ( 56<6 ( D'F2##6**6 ( M ( <2";'"$<$'";6 ( D' ( &" ( :6#;2* ( 56<&"$;2#$6K ( 255'F6 ( 2 =$=*$6;'52F ( D' ( $"I6#<25$G" ( S'F;&D$2";'FTK ( '";#' ( 6;#6FK ( F' ( D'F2##6**2#+" ( 2 56";$"&25$G"(D'(*2(I$"2*$,25$G"(D'('F;'(:#6M'5;6.
  •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a';`6#g(h(7QaT('"('F;'(:#6M'5;6. R2 ( 7Qa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a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
  •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a 76<&"2(Q#'2(a';`6#g 92;'*$;' 76<&"2 76<&"2 La]!Pa!] 76<&"2(A(7'";#2* 76<&"2(A(!"*25' 76<&"2 R 76<&"2(A(!"*25' 76<&"2(A(7'";#2* R2=.(863$* 76<&"2 76<&"2 76<&"2 !"#$%&'()''*+,$-.&'/-'0&+'1-/-+'/-'2%-&'34.$5&0 KD &3428272342= c"6(D'(*6F(:#$"5$:2*'F(I25;6#'F(%&'(2N#232"(*2(**2<2D2(U=#'5/2(;'5"6*GN$52W('";#'(*2F D$I'#'";'F(F65$'D2D'F('F(*2(I2*;2(D'(56"'5;$3$D2D(56"('*(<&"D6('X;'#$6#.((9$("6('X$F;' 56<&"$525$G"K("6('X$F;'(I*&[6(D'($D'2F(M(:6#(*6(;2";6(*2F(56<&"$D2D'F ('F;2"52"(F& D'F2##6**6K(%&'(2(F&(3',(:#63652(&"(<2M6#(6F;#25$F<6(M(D'F56"I$2",2('"(*2F(:#6:$2F /2=$*$D2D'FK ( N'"'#2"D6 ( &" ( 5J#5&*6 ( 3$5$6F6 ( %&' ( 3&'*3' ( 52D2 ( 3', ( <+F ( N#2"D' ( 'F;2 =#'5/2.
  •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f6M( :6# ( <&M ( :656 ( D$"'#6 ( SiZ??? ( h i>???T(F'(:&'D'" (2D%&$#$#('%&$:6F(%&'(N'"'#2#2"(&"2 (#'D(D'(56<&"$525$G" ('";#' 56<:&;2D6#2F(2(32#$6F(g$*G<';#6F(2(*2(#'D6"D2(D'(&"(:&";6(5'";#2*(F$"("'5'F$D2D(D' ;'"D'#(52=*'F. Q:#63'5/2"D6 ('F;2 (;'5"6*6NJ2K( M(*2('X$F;'"5$2 (D'( &"( 7'";#6(76<&"$;2#$6 (8G3$*( D' Q:#'"D$,2[' ( S/;;:Hjj```.5;$.'F:6*.'D&.'5j55<2TK ( $<:*'<'";2D6 ( M2 ( '" ( *2 ( ,6"2 ( D' $"I*&'"5$2 ( D6"D' ( F' ( '['5&;2#+ ( 'F;' ( :#6M'5;6 ( M ( *2 ( 5'#52"J2 ( IJF$52 ( D' ( *2F ( 56<&"2F :2#;$5$:2";'FK('F;'(:#6M'5;6(:#6:6"'(*2(5#'25$G"(D'(&"2("&'32(;6:6*6NJ2(D'(#'D(%&' F'(2[&F;'(2(*2F("'5'F$D2D'F(D'(56<&"$525$G"(D'('F;2F(56<&"$D2D'F(#&#2*'F.( LD H2467696:;<'$4@9@M<7< Q ( 56";$"&25$G" ( F' ( D';2**2" ( *2F ( D$3'#F2F ( 25;$3$D2D'F ( #'2*$,2D2F ( D&#2";' ( *6F ( D65' <'F'F(D'('['5&5$G"(D'*(:#6M'5;6.( (9'(/2"(5*2F$I$52D6('"(D6F(N#&:6FH( (25;$3$D2D'F 76"F;#&55$G"(D'(*2(#'D( M(25;$3$D2D'F(D' (72:25$;25$G". ( (9& (6#D'"K ( D'";#6 (D'(52D2 N#&:6 ( 'F ( 5#6"6*GN$56. ( ( 9' ( 'F:'5$I$52 ( ;2<=$E" ( F$ ( *2 ( 25;$3$D2D ( I&' ( :#'3$2<'";' :#6N#2<2D2(S#'I'#'"5$2(2(D65&<'";6 (D'(:#'F'";25$G"(D'*(:#6M'5;6T(6(I&'(#'2*$,2D2 '"(=2F'(2(*2F("'5'F$D2D'F(%&'(F'(/2"($D6(:#'F'";2"D6(56"(*2('['5&5$G"(D'*(:#6M'5;6. ;$"95%100*2"(-'(,+(8'- )2#2(#'F6*3'#('*(:#6=*'<2(D'(56"'5;$3$D2D('";#'(*2F(56<&"$D2D'F(F'(:#65'D$G 2(D$F'^2#(&"2(P'D(D'(Q#'2(76<&"2*(SPQ7T.( (76<6(:#$<'#(:2F6 (:2#2('F;' D$F'^6(F'($"F:'55$6"G('*(+#'2(N'6N#+I$52(D6"D'(D'=J2(I&"5$6"2#('*(F$F;'<2K(F' *652*$,G ( *2F ( :6F$=*'F ( &=$525$6"'F ( D' ( *6F ( "6D6F ( D' ( 255'F6 ( M ( F' ( *'32";G $"I6#<25$G" ( F6=#' ( *2 ( $"I#2'F;#&5;&#2 ( 'X$F;'";' ( '" ( 'F6F ( :&";6F ( S;'"D$D6 '*E5;#$56K(<6=$*$2#$6T. ( (76" ('F;2 ($"I6#<25$G" (F' (:#65'D$G (2(*2 ('*'55$G"(D'(*2 ;'5"6*6NJ2(_$#'*'FF(2(&;$*$,2#(S:2#2('F;'(52F6K('%&$:6F(=2F2D6F('"('*('F;+"D2# Y?>.ZZ=TK ( M ( F' ( 'F;2=*'5$G ( *2F ( 52#25;'#JF;$52F ( D' ( *2 ( $"I#2'F;#&5;&#2 ( D' ;'*'56<&"$525$6"'F ( S'%&$:6F ( D' ( #'D ( `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
  • 11. "6D6(D'(255'F6.((!*(:2F6(<+F(D'*$52D6(D'*(:#65'F6(D'($<:*'<'";25$G"(I&'(*2 56"I$N&#25$G" ( M ( 2:&";2<$'";6 ( D' ( *6F ( '%&$:6F. ( ( R&'N6 ( D' ( 32#$6F ( $";'";6F S52<=$6 ( D' ( 52"2* ( D' ( ;#2"F<$F$G" ( M ( 2:&";2<$'";6 ( I$"6TK ( F' ( **'NG ( 2 ( &"2 56"I$N&#25$G"(%&'(#'5$=J2(*2(<'"6#($";'#I'#'"5$2(M(*6N#2=2('"*25'F(2D'5&2D6F :2#2(*6F(:#6:GF$;6F(D'*(:#6M'5;6. !*(C*;$<6(:2F6(I&'(*2F(:#&'=2F(#'N&*2#'F(D'*(F$F;'<2.((9'(:#65'D$G(2(<'D$#('* "$3'* ( 9aP ( S9$N"2* ( ;6 ( a6$F' ( P2;$6T ( D' ( *6F ( '"*25'F ( '";#' ( *2F ( D$I'#'";'F 56<&"$D2D'FK(2FJ(56<6(;2<=$E"('*(#';#2F6(M(:'#D$D2(D'(:2%&';'F.((]6D2F(*2F 56"'X$6"'F(5&<:*$'#6"(56"(*6F(#'%&'#$<$'";6F(<J"$<6F. Q5;&2*<'";' ( *6F ( '"*25'F ( '";#' ( *2F ( 5$"56 ( 56<&"2F ( D' ( *2F ( 7Qa ( 'F;+" ;'#<$"2D6F(M(:#6=2D6F.(]6D6F(*6F(F$;$6F(;$'"'"(&"2(5*2#2(56"'X$G"('";#'('**6F 56"(&"(2"5/6(D'(=2"D2(;'G#$56(D'(ZZ(<=:F(M(:#+5;$56(D'(2:#6X$<2D2<'";'(Z <=:FK ( <+F ( %&' ( F&I$5$'";' ( :2#2 ( 2:*$525$6"'F ( D' ( L";'#"'; ( M ( 2D'5&2D6 ( :2#2 2:*$525$6"'F(D'(3$D'656"I'#'"5$2. Q ( 56";$"&25$G" ( F' ( D';2**2" ( *2F ( 25;$3$D2D'FK ( F& ( D&#25$G" ( 2:#6X$<2D2 ( M ( *2 :'#F6"2(6(:'#F6"2F(#'F:6"F2=*'F(:6#(*2(#'2*$,25$G"(D'('F2(25;$3$D2DH CD )2G@=@A3'729'2=4<76'729'<542'23'5272='*3<9N?B5@8<='0&84@G@7<7'CDC1 4$/,"-3$A'9':;$'<=#'(h(>??@ >B%/,-$A(9':;$'<=#'(h(>??@ C"+7$-+&D("A(123$'#(45/62( JD &3N9@=@= ' 72 ' 96= ' 7@>252342= ' I567E846= ' 7@=I63@B92= ' 23 ' 29 ' ?258<76 0&84@G@7<7'CDJ1 4$/,"-3$A'9':;$'<=#'(h(>??@ >B%/,-$A(45;&=#'(h(>??@ C"+7$-+&D("A(O'D'#$56(06<J"N&', !" (5E2B<='863'!OE@I6='=29288@63<76=P'#<?IE='!"(+% 4$/,"-3$A'45;&=#'(h(>??@ >B%/,-$A(45;&=#'(h(>??@ C"+7$-+&D("A(O'D'#$56(06<J"N&',( LD Q@=@4<',R83@8<'<'#6?E3@7<72= E"*F&A'GG'8"'a63$'<=#'(h(>??@ C"+7$-+&D("A'E"8"%,*$'9$/?-25"3' SD /@=2T6'72'9<'"69E8@A3'(@9646'0&84@G@7<7'CDK1 4$/,"-3$A'45;&=#'(h(>??@ >B%/,-$A'H63$'<=#'(A(>??@ C"+7$-+&D("+A'I&@,"%'1*F$&'J'E"8"%,*$'9$/?-25"3 UD &7OE@=@8@A3'72'!OE@I6='0&84@G@7<7'CDL1 4$/,"-3$A'a63$'<=#'(h(>??@
  • 12. >B%/,-$A(0$5$'<=#'(A(>??@ C"+7$-+&D("A'E"8"%,*$'9$/?-25"3 VD #63=45E88@A3'72'9<')27'0&84@G@7<7'CDS1 4$/,"-3$A'a63$'<=#'(h(>??@ >B%/,-$A(Q=#$*(h(>??B C"+7$-+&D("+A'I&@,"%'1*F$&'K'E"8"%,*$'9$/?-25"3 WD (5E2B<='72'*34258632X@A3'0&84@G@7<7'CDU1 4$/,"-3$A'O'=#'#6(h(>??B >B%/,-$A(82M6(h(>??B( C"+7$-+&D("A'E"8"%,*$'9$/?-25"3 YD )286I@9<8@A3'72'7<46='72'>E38@63<?@2346'0&84@G@7<7'KDC1 4$/,"-3$A'Q=#$*(h(>??B >B%/,-$A(9':;$'<=#'(h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`FK ( &" ( :#65'F2D6# ( D' ( :2*2=#2FK ( &"2 ( /6[2 ( '*'5;#G"$52 ( ' L";'#"';K(2FJ(56<6('"('*(&F6(D'(/'##2<$'";2F(:2#2(*2(N'F;$G"('<:#'F2#$2*.(R6F ;&;6#'F ( I&'#6" ( :'#F6"2* ( D'* ( 7]LK ( *6F ( <$F<6F ( %&' ( N'"'#2#6" ( '* ( <2;'#$2* ( D' F6:6#;'(:2#2(*6F('";#'"2<$'";6F.
  •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a63$'<=#'(h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
  • 14. 4$/,"-3$A'1*65D%"'J'GLLM >B%/,-$A'1*65D%"'J'GLLM' C"+7$-+&D("A'!&%?&'!$-6"+ SD &3N9@=@='['/@=8E=@A3 02D2 ( *2 ( "2;&#2*',2 ( D' ( 'F;' ( :#6M'5;6K ( F& ( :#$"5$:2* ( 6=[';$36 ( '#2 ( :#6=2# ( 5$'#;2F ;'5"6*6NJ2F($"2*+<=#$52F(M(<';6D6*6NJ2F(D'(52:25$;25$G"(:2#2(<2X$<$,2#('*($<:25;6 D'(*2($";#6D&55$G"(D'(*2F(]L7F('"(56<&"$D2D'F(#&#2*'FK(<$"$<$,2"D6(*6F(56F;6F.((k$F;6 D'('F;2(:'#F:'5;$32K(('X$F;$'#6"(32#$6F(:&";6F(D'";#6(D'*(D'F2##6**6(D'('F;'(:#6M'5;6 %&'(**2<2"(2(*2(#'I*'X$G"H ! "29288@A3'72'I<54@8@I<342= c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d<.(:2#2('"*25'F _$O$(F$"(2<:*$I$525$G"K(*2('X:'#$'"5$2(D'('F;'(:#6M'5;6(F&N$'#'(&"(*J<$;'(#'2* D'('";#'(Z?(M(ZB(d<.(S&;$*$,2"D6(:6F;'F(D'(>?(<';#6FT. ! #<3<92='*3<9N?B5@86= !F ( <&M ( $<:6#;2";' ( F'*'55$6"2# ( 5&$D2D6F2<'";' ( '* ( 52"2* ( $"2*+<=#$56 ( 2 &;$*$,2# ( '" ( *2F ( 56"'X$6"'F. ( ( !* ( F$F;'<2 ( 56"F;#&$D6 ( *6N#2 ( &"2 ( ;#2"F<$F$G" 25':;2=*'('"('*(52"2*(ZZK(:'#6('F($<:6F$=*'(*6N#2#(56"'X$G"(2*N&"2('"(6;#2F =2"D2F. ( ( !* ( :#6=*'<2 ( :2#'5' ( #2D$52# ( '" ( $";'#I'#'"5$2 ( :6# ( ;#2"F<$F$6"'F 3'5$"2F(D'(*2('<:#'F2(D'(;'*EI6"6F.
  • 15. ! &882=6'729'IB9@86'<'96='3676='72'<882=6 c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
  • 16. )6D'<6F(56";2#(*6F(F$N&$'";'F(*6N#6F(D'";#6(D'*(D'F2##6**6(D'*(:#6M'5;6H 76<6(#'F&*;2D6(D'('F;'(:#6M'5;6(:6D'<6F(5$;2#(*6F(F$N&$'";'F(*6N#6FH ,28369A:@86= ! 0$F'^6('($<:*'<'";25$G"(D'(&"2(#'D($"2*+<=#$52(D'(=2[6(56F;6(Sb(c90 >???(:6#("6D6T(%&'('"*2,2(2(B(56<&"$D2D'F (D'";#6(D'(&"(+#'2(5&M6 D$+<';#6('F(D'(Z?(d<. ! 76"'X$G"(D'('F;2F(5'*D2F(2(L";'#"';(2(;#23EF(D'(&"('"*25'($"2*+<=#$56 56"(&"(5'";#6(<G3$*(D'(2:#'"D$,2['(D'";#6(D'*(+#'2(D'(56='#;&#2(D'(*2 #'D. ! 065&<'";6(%&'(#'F&<'(*6F(:2F6F(:2#2(*2(#':*$525$G"(D'('F;'(;$:6(D' #'D'F. ! 72:25$D2D(*652*(:2#2('*(5&$D2D6(M(<2";'"$<$'";6(D'*("6D6(D'(255'F6(S> ;E5"$56F('"(52D2(56<&"2T "68@<92= ! >? ( 56<&"'#6F ( S@ ( :6# ( 56<&"2T ( /2" ( F$D6 ( 52:25$;2D6F ( '" ( '* ( &F6 ( D' /'##2<$'";2F(;'5"6*GN$52F(=+F$52F(Sc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e <&5/2F ( 3'5'F ( 'F;6F ( *2=6#2;6#$6F ( F6" ( #6;2;$36FK ( 32" ( <63$*$,+"D6F' ( D' 56<&"$D2D('"(56<&"$D2D.((((((e(*2(:#$"5$:2*(*2=6#(D'('F;6F(*2=6#2;6#$6F(32 '"52<$"2D2(2*(+#'2('D&52;$32 )6#(*6(;2";6K('*('"*25'(2*(L";'#"';('F(<&5/6(<2F(56<:*$52D6(%&'('*(255'F6 2( &" ( 56<:&;2D6#. ( ( ( ( (0'(2**J(%&'( '* (:#6M'5;6 ( 2*( =#$"D2# ( '*( 255'F6 ( 2( &" 56<:&;2D6# ( 56"'5;2D6 ( 2* ( L";'#"';K ( :2#2 ( '* ( &F6 ( 56<&"$;2#$6K ( <'[6#2 56"F$D'#2=*'<'";'('*(255'F6(2($"I6#<25$G"(C;$*(:2#2(*2F(25;$3$D2D'F(D'(*2
  • 17. ,6"2 ( M ( *2F ( 25;$3$D2D'F ( '";#' ( *2F ( 56<&"$D2D'F ( 2*'D2^2F ( %&' ( :6D#J2" N'"'#2#(&"(I#'";'(56<C"(D'(255$G". ! !"#$%&%'(&'1%2&-,3&*,0-'4$/5-,6&%,& !* ( :#6M'5;6 ( /2 ( 2=$'#;6 ( *J"'2F ( D' ( 56<&"$525$G" ( '";#' ( *6F ( *JD'#'F 56<&"$;2#$6F(M(*6F(D$#'5;$36F(D'(*2(56<&"2.((a6(:6D'<6F(D'5$#(%&'(*&'N6 D'*(:#6M'5;6("6('X$F;'"(:#6=*'<2F('"(5&2";6(2(*2(6#N2"$,25$G"(56<&"$;2#$2K :'#6(/2M(%&'(D'F;252#(%&'(56"('*(:#6M'5;6(F'(2=#$G(&"('F:25$6 (:2#2 (*2 :#+5;$52 ( D' ( *$D'#2,N6K( '* (;#2=2[6 ( '" ( 56"[&";6K (*2 ( N'"'#25$G" ( D' ( $D'2FK ( *2 $D'";$I$525$G"(D'(25;6#'F(5*23'F(D'(*2(56<&"$D2DK ('";#'(6;#2F(25;$3$D2D'F "'5'F2#$2F ( :2#2 ( '<:',2# ( 2 ( <63$*$,2# ( 2 ( *2F ( :'#F6"2F ( /25$2 ( &"2 ( <'[6# 6#N2"$,25$G".(((f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f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
  •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`/)-'.23..)-78*96*3,355-:';"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@ D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH!" ! F?)./3,+),"-B3*78*I).=3-87-KH#"LLY-6.-)-S*6/-;32+8*Z"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@-D./6). D.5262123-87->3=?.8,8(E@-F).<1*@-'<*6,-#HH!" ! F1I)*-)./-J"-08E"-03),6526=-J1<<8*2-P8*-DRRRKH#"LLY-G'Q-6.-;J"->3=?.6=),-*3<8*2@-A>3=?-B*8C3=2-03<8*2@ D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-G)E-#HH$" ! G6/)5-Q8II1.6=)268.->3=?.8,8(635-B*6O)23-:6I623/@-http://www.midascomm.com/"--+"/0-+1 23/%4%&&.566%&&.78&#%9@-43=-#HHH" ! N[X)*)-)./-'"-B32*6=Z"-:;<=>>.!?@AB""CD.5.0%&3E@%/F&.+"9G?/3&"@"-DRRR-B*355@-LVVV"- ! G"-D"-`"-0)?)I)."-9:';-9)2=?T-'-J23<->8+)*/5->?3-J21/E-N7-KH#"LLY-96*3,355-:';5"-G)523*[5-2?3565@ D./6).-D.5262123-87->3=?.8,8(E@-F).<1*@-'<*6,-#HH!" ! 0)I).-)./-F"-Q?3Y*8,1"-03O65626.(-;32+8*Z-)./-B*828=8,-4356(.-78*-KH#"LLMY)53/-01*),-D.23*.32+8*Z6.(" J1YI6223/-78*-<1Y,6=)268.@-/*)72-)O)6,)Y,3-8.-*3a1352" ! J3.-)./-G"-:"-X158."-'-;3+-G8/3,-78*-J=?3/1,6.(-B)=Z32-0)/68-;32+8*Z5"-D.-($)*+*,@-LVV&" ! J"-b1)-)./->"-J))/)+6"-03O3),6.(-2?3-<*8Y,3I5-+62?-KH#"LL-I3/61I-)==355-=8.2*8,-<*828=8,-6.-I1,26M?8< +6*3,355-)/-?8=-.32+8*Z5"-+"9GH#%/.$%#I"/C&@-!K@-#HH#"
  • 19. &32X6= '" 7#6"6N#2<2(!['5&;2D6(D'*()#6M'5;6 Z ['L[ ZT'LM Z G'LM ZP'LM Z['LM =9 >&%"& 95%&*,0- '4$/7("6$ Q"7 1*6 H$@ 9,* R-" E"D !&% )D% !&< O5- O5( )2$ Q"7 1*6 Z *3>5<2=45E84E5<'72')27 LYDW_ CZZ` P'3$F$G"(D'*('F;2D6(D'*(2#;'('"( > >` Z??p #'D'F(L"2*+<=#$52F(S)T Q"+*$F$F(D'(*6F(D$I'#'";'F( l >` Z??p :#6D&5;6F(D$F:6"$=*'F(S)T )#&'=2F(56"(!%&$:6F( @ l` Z??p F'*'55$6"2D6F A 72<:&F(!9)4R B k$F$;2(]E5"$52(2(76<&"$D2D'F Z` Z??p m 0$F'^6(D'(*2(96*&5JG"(S)T >` Z??p n QD%&$F$G"(D'(!%&$:6F(S)T ZY` Z??p Y 76"F;#&55$G"(D'(*2(P'D(S)T >?` Z??p o 9'*'55$G"(D'(]E5"$56F Z` Z??p Z? )#&'=2F(D'(*2(P'D(S)T Z` Z??p ZZ .E2G6='"25G@8@6= CZDJ_ CZZ` Z> )*2"$I$525$G" Z` Z??p Zl )6#;2* B` Z??p Z@ ]'*'I6"J2 >` Z??p ZB P'I'#'"5$2(Q52DE<$52 >` Z??p Zm 72:25$;25$G"(]E5"$52(S)T >` Z??p Zn #<I<8@4<8@A3 LCDW_ CZZ` ZY ]2**'#(D'(9'"F$=$*$,25$G" Z` Z??p Zo ]2**'#(D'(9'N&$<$'";6 Z` Z??p >? 72:25$;25$G"(]&;6#'F(S)T >` Z??p >Z 72:25$;25$G"(RJD'#'F(S)T >` Z??p 72:25$;25$G"(RJD'#'F('"( >> >` Z??p )#6:&'F;2F(D'()#6M'5;6F(S)T >l ]2**'#(D'()#6M'5;6F(S)T >` Z??p >@ H2?65@<=',R83@8<= JK]U_ CZZ` >B P'56:$*25$G"(D'(02;6F(S)T Zn.m` Z??p >m !*2=6#25$G"(D'(P':6#;'(S)T @` Z??p >n H2?65@<='72'*?I<846'"68@<9 CV_ CZZ` >Y P'56*'55$G"(D'(02;6F(S)T ZZ` Z??p >o !*2=6#25$G"(D'(P':6#;'(S)T @` Z??p
  • 20. q. L"I6#<'(]E5"$56 7) *+,$-.&'/-'/"+-84'9:;5";4 77) *+9&/4'&;9$&0'/-'0&'".<0-.-59&;"=5 DDD" >%$-?&+'/-'04+'-50&;-+ 7)'*+,$-.&'/-'/"+-84'9:;5";4 :)-<*6I3*)-32)<)-/3,-<*8E3=28-=8.56523-3.T M D.23*=8.3=2)* -,)5-=8I1.6/)/35-/3 -B3=?6=?3@ -R, -03),@-G).).26),- /3- Q?)./1E@-B13*28 -Q?)./1E@-E '2)?1),<)-3.-1.)-*3/-/3-c*3)-=8I1.),@-Q8I1.)-'*3)-;32+8*Z-dQ';e@-6.),cIY*6=)" M B*8O33*-)-,)-*3/-Q';-)==358-)-D.23*.32-I3/6).23-1.-3.,)=3-=8.-,85-=8.2)6.3*5-/3-QQG'-,85-=1c,35 =13.2).-=8.-)==358-5)23,62),-),-D.23*.32" '-=8.26.1)=6f.-1.-/6)(*)I)-/3-,)5-/652).=6)5-/3-,85-<13Y,85-3.-,)5-Q';T
  • 22. @"+9&'/-'-,$"<4+'A'4?%&';"B"0C B3=?6=?3T M >8**3-/3-L%-I32*85" M `.-N*6.8=8-'<LHHH-=8.-1.)-2)*C32)-N*6.8=8-KH#"LLY-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28 =3.2*)," M `.-)I<,676=)/8*-XE<3*,6.Z-/3-%HHI9" M >*35-).23.)5-53=28*6),35-XE<3*,6.Z-/3-L#Hi@-L$-/A6-=)/)-1.)" '2)?1),<)T M >8**3-/3-L%-I32*85" M `.-N*6.8=8-'<LHHH-=8.-1.)-2)*C32)-N*6.8=8-KH#"LLY-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28 =3.2*)," M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" R,-03),T M Gc526,-/3-&-I32*85" M `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828" M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" G).).26),-/3-Q?)./1ET M Gc526,-/3-&-I32*85" M `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828" M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" B13*28-Q?)./1ET M Gc526,-/3-&-I32*85" M `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828" M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" 43Y6/8-)-,)-I8O6Y6,6/)/-/3-,85-=8.2)6.3*5-35285-.8-713*8.-6.=,16/85-3.-3,-I)<)"-'IY85-53-=8.3=2).-/3-I).3*) 56I6,)*-)-B3=?6=?3T Q8.2)6.3*-LT M Gc526,-/3-LH-I32*85" M `.-0SLHHH-=8.-76*I+)*3-I8/676=)/8-<)*)-53*-<1.28-*3I828" M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" Q8.2)6.3*-#T M Gc526,-/3-LH-I32*85" M `.-<1.28-*3I828->3*)Y3)I-R2?3*.32" M `.)-).23.)-/3-(*6,,)-XE<3*,6.Z-/3-#$-/A6" 77)'*+9&/4'&;9$&0'/-'0&'".<0-.-59&;"=5
  • 25. >-;D";D-'E'29&D$&0<& '2)?1),<) B6.(-3.2*3-'2)?1),<)-E-B3=?6=?3
  • 27. - B6.(-3.2*3-'2)?1),<)-E-R,-03), :)-6I)(3.-)**6Y)-35-1.)-<*13Y)-=8.-3,-5872+)*3-];Q-d)/I6.652*)=6f.-(*c76=)-*3I82)-/3-1.-=8I<12)/8*e-3.2*3 G).).26),-E-'2)?1),<)@-352)-<*13Y)-/3I1352*)-a13-3,-).=?8-/3-Y)./)-35-3,-)/3=1)/8@-];Q-58,8-71.=68.)-=8. 1.-Y13.-).=?8-/3-Y)./)"
  • 28. R.-352)-<*13Y)-53-<13/3.-O3*-28/85-,85-3.,)=35-)=26O)/85-56I1,2c.3)I3.23" :)-6.23*73*3.=6)-3.=8.2*)/)-3.-352)-h8.)-/3-,)-<3.m.51,)-713-I1=?8-Ic5-(*)./3-/3-,8-a13-53-35<3*)Y)"-:) 23=.8,8(m)-KH#"LL-.85-<*8O33-LL-=).),35-/3-,85-=1),35-58,)I3.23-3,-V@-LH-E-LL-53-3.=13.2*).-*3,)26O)I3.23 ,6Y*35-/3-6.23*73*3.=6)@-35-6I<856Y,3-2*)Y)C)*-3.-3,-*3528-/3-=).),35@-,)-53j),-35-=8I<,32)I3.23-)?8()/)-<8*-1.) 713.23- /3 - 6.23*73*3.=6)- /35=8.8=6/)" -:) - <823.=6) - /3- ,) -6.23*73*3.=6)- 35 -6.=,158- I)E8*- a13- 3.- 3, - =)I<15 B*85<3*6.)-/3-,)-RJBN:" :85-3.,)=35-<*353.2).-3,-56(163.23-<*8I3/68-/3-=),6/)/-d3,-263I<8-3.-I5-/3-,85-<6.(5-O)*m)-I1=?8-3.2*3 <*13Y)5@-3,-J;0-513,3-I).23.3*53-=8.52).23-<8*-,8-2).28-35-1.)-I3C8*-I3/6=6f.-/3-,)-=),6/)/eT *50&;-'-59%-'>-;D";D-'AC FG1'H.&A4%'.-I4%J >"5#'H.-54%'.-I4%J 3&0"/&/ R,-03), !V #HHI5 R=3,3.23 G).).26),-/3-Q?)./1E #K %HI5 G1E-Y13.) B13*28-Q?)./1E #K VHI5 G1E-Y13.) '2)?1),<) #! LHI5 A13.)
  • 29. 7. P':6#;'()#6M'5;6F(76<&"$;2#$6F 1-<4%9-'/-'>%4A-;94+'34.$5"9&%"4+ >%4A-;94'32G R.2*3-,)5-)=26O6/)/35-/3-=)<)=62)=6f.-/3,-<*8E3=28-Q';-53-*3),6h)*8.-!-)=26O6/)/35-=8./1=3.235 ) - I3C8*)* - ,) - =)<)=6/)/ - /3 - (3526f. - ,8=), - 3. - ,)5 - /6526.2)5 - =8I1.6/)/35 - <)*26=6<).235 - 3. - 3, <*8E3=28" 46=?)5-)=26O6/)/35-58.T L" >),,3*-/3-435)**8,,8-/3-<*8E3=285-=8I1.62)*685-58=68M<*8/1=26O85 #" 031.6f.-/3-J3(16I63.28-/3-,85-<*8E3=285-=8I1.62)*685 !" B*353.2)=6f.-/3-B*8E3=285-=8I1.62)*685 :)5-2*35-)=26O6/)/35-53-?).-*3),6h)/8-)-<)*26*-/3,-Lk-/3-^1.68-/3,-#HH%@-=8.=,1E3./8-=8.-,) n,26I) - )=26O6/)/ - 3, - /m) - k - /3 - N=21Y*3- /3, - #HH%@ -<8* - ,8 - a13 -) - =8.26.1)=6f. - 53 - /32),,) - =)/) )=26O6/)/" '' '' ()'' K&00-%'/-'>%4A-;94+'F4;"4'>%4/$;9"B4+ '=26O6/)/ !"##$%&'($)"%%*##*&+$&,%*-$./*)&.*0123/"%3*)&)*.3*4,%*+1./35*)6 :1()* '1/628*68-/3,-G1538-o03),-',28p P3=?)T Lk-g-LK--/3-^1.68-/3,-#HH% X8*)*68 V?HH-g-Lk?HH P)=6,62)/8*T J*"-9)5?6.(28.-G)=m)5 '56523.23T J*)"-Pc26I)-N*26h 48=1I3.285T '.38-L"LT-P8285-/3,-3O3.28 '.38-#"LT-03(652*8-/3-'56523.=6)-d5f,8-,652)-/3-<)*26=6<).235- '.38-!T-48=1I3.285-126,6h)/85-3.-3,-2),,3* '.38-$T-G)2*6h-*351,2).23-/3,-2),,3* R,-3O3.28-53-*3),6hf-=8.-,)-<*353.=6)-/3-,m/3*35-=8I1.62)*685-/3-&-=8I1.6/)/35T-'2)?1),<)@ B3=?6=?3@-J).-B3/*8@-G).).26),-/3-Q?)./1E@-B13*28-/3-Q?)./1E@-R,-03)," R.-3,-53(1./8-/m)-/3,-2),,3*-.8-53-=8.2f-=8.-,)-<*353.=6)-/3-,)-=8I1.)-R,-03),@-<)*26=1,)*-a13-53 6.78*If-),-53=*32)*68-/3-,)-=8I1.)-<)*)-a13-53,3==68.3.-)-.13O85-*3<*353.2).235-<3*8-.8 8Y21O6I85-*35<1352)-/3-3,,85" R,-2),,3*-Y15=)-/35)**8,,)*-,)-?)Y6,6/)/-/3-<*3<)*)*-1.-<3*76,-/3-<*8E3=28"---R.-3,-2*).5=1*58-/3, 2),,3*-53-2*)Y)Cf-3.-(*1<85-=8.78*I)/85-<8*-<3*58.)5-/3-,)-I65I)-=8I1.6/)/@-,85-=1),35 3.=8.2*)*8.-3,-<*8Y,3I)-a13-a13*m).-*358,O3*-=8.-3,-<*8E3=28-a13-O).--)-<*8<8.3*"---:85 <*8Y,3I)5-<8*-=8I1.6/)/-713*8.-,85-56(163.235T 34.$5& >%4?0-.&
  • 30. R,-03), R,-51Y=3.2*8-/3-5),1/-352c-=3**)/8 J).-B3/*8 R,-/353I<,38 B13*28-/3-Q?)./1E R.73*I3/)/35-/3-5),1/@-),l*(6=)5-E-/3*I)28,f(6=)5 G).).26),-/3 R,-/353I<,38 Q?)./1E '2)?1),<) R,-/353I<,38 B3=?6=?3 :)-Y)51*)-/3-28/)-,)-h8.)-53-/3<8562)-)-L-FI-/3 B3=?6=?3 :13(8-/3-3.=8.2*)*-3,-<*8Y,3I)-a13-*358,O3*m).@-<*856(163*8.-)-/35)**8,,)*-1.-Y8**)/8*-/3, q*Y8,-/3-<*8Y,3I)5-E-3,-q*Y8,-/3-58,1=68.35"---J3-*3O65f-3,-78*I)28-*3a13*6/8-<)*)-,) <*353.2)=6f.-/3-<*8E3=285-*3a13*6/8-<8*-3,-D;RQD"--- Q8I8-2)*3)-/3,-<*353.23-2),,3*@-,85-<)*26=6<).235-/3Y3.-3.2*3()*-3,-Y8**)/8*-/3,-<3*76,-/3, <*8E3=28"--- '' '' L)'' 1-$5"=5'/-'F-#$"."-594'/-'>%4A-;94+'34.$5"9&%"4+'F4;"4'>%4/$;9"B4+ '=26O6/)/ 7$12382&+$&9$:1303$2/*&+$&;%*-$./*)&<*0123/"%3*)&9*.3* ,%*+1./35*) :1()* '1/628*68-/3,-G1538-o03),-',28p P3=?)T ##-/3-^1,68-/3,-#HH% X8*)*68 V?HH-g-L&?HH P)=6,62)/8235T J*"-96,58.-G1*6,,8 J*"-9)5?6.(28.-G)=m)5 '56523.23T J*)"-Pc26I)-N*26h 48=1I3.285T '.38-#"#T-03(652*8-/3-'56523.=6) :)5-=8I1.6/)/35-a13-)565263*8.-)-l523-2),,3*-713*8.T L" G).).26),-/3-Q?)./1E #" B13*28-Q?)./1E !" J).-B3/*8 $" B3=?6=?3- 41*).23-352)-C8*.)/)-53-*3),6h)*8.-,)5-56(163.235-)=26O6/)/35T L" J3-*3),6hf-3,-*3(652*8-/3-)56523.=6) #" J3 - 58=6),6hf - ,) -6.78*I)=6f. - /3 - =)/) - <3*76, - /3 - <*8E3=28-a13 - <*353.2)*8.- ,)5 -*35<3=26O)5 =8I1.6/)/35"- !" J3-3<,6=f-.13O)I3.23-,)-I328/8,8(m)-/3-2*)Y)C8-E-,)-6I<8*2).=6)-/3-3.78=)*--,85-<3*76,35 3.-71.=6f.-/3-,85-<*8Y,3I)5-<*68*62)*685-/3-=)/)-<8Y,)=6f."
  • 31. $" J3-28If-=8I8-3C3I<,8-3,-<3*76,-/3-,)-=8I1.)-G).).26),-/3-Q?)./1E@-)-<)*26*-/3,-=1),-53 ).),6hf - =)/) - 1.8 - /3 - ,85 - .1I3*),35@ - <8.63./8 - l.7)565 - 3. - ,85 - =8I<8.3.235 - E - 515 =8**35<8./63.235-)=26O6/)/35" %" J3-=8.53.51f-3,-=*8.8(*)I)-/3-2*)Y)C8-/3-=)I<8@-)-=)*(8-/3-1.8-/3-,85-P)=6,62)/8235@-J*" 96,58.-G1*6,,8 R,-J*-96,58.-G1*6,,8-O6562f-,)5-=8I1.6/)/35-/1*).23-,)-53I).)-/3,-#%-g-#V-/3-^1,68-/3,-#HH% 34.$5"/&/ !-;D& M4%&%"4 B13*28-/3-Q?)./1E #%-/3-^1,68 K?!H-g-L&?HH G).).26),-/3-Q?)./1E #&-/3-^1,68 V?HH-g-L!?HH B3=?6=?3 #k-/3-^1,68- K?!H-g-L&?HH J).-B3/*8 #K-/3-^1,68 V?HH-g-L&?HH '' '' N)'' >%-+-59&;"=5'/-'>%4A-;94+'34.$5"9&%"4+'F4;"4'>%4/$;9"B4+ '=26O6/)/ ;%$)$2/".382&+$&,%*-$./*)&.*0123/"%3*)&)*.3*&,%*+1./35*) :1()* '1/628*68-/3,-G1538-o03),-',28p P3=?)T k-/3-N=21Y*3-/3,-#HH% X8*)*68 V?!H-g-LL?!H 48=1I3.285T '.38-L"#T-P8285-/3,-3O3.28 '.38-#"!T-03(652*8-/3-'56523.=6) '.38-%T-:652)/8-/3-6.O62)/85 '.38-&T-46)<85626O)5-<*353.2)/)5-3.-3,-3O3.28 '.38-kT-B*8E3=285-=8I1.62)*685 R,-/m)-O63*.35-k-/3-N=21Y*3@-)-,)5-V?!H-3.-3,-'1/628*68-/3,-G1538-03),-',28-/3-B3=?6=?3-53 ,,3Of-)-=)Y8-,)-<*353.2)=6f.@-).23-,)5-6.52621=68.35-6.O62)/)5@-/3-,85-<*8E3=285-=8I1.62)*685-/3T ! B3=?6=?3@- ! G).).26),-/3-Q?)./1E@- ! B13*28-/3-Q?)./1Er-E- ! J).-B3/*8@- R,-3O3.28-53-/35)**8,,f-3.-/85-<)*235"---:)-<*6I3*)-32)<)-53-*3),6hf-3.-,85-323*68*35-/3, )1/628*68"---:)5-=8I1.6/)/35-3<8.m).-,6Y*3I3.23-)-,85-6.O62)/85@-6.78*I)=6f.-58Y*3-51 =8I1.6/)/-3.-(3.3*),@-=)*)=23*m526=)5-/3,-<13Y,8@-,85-<*6.=6<),35-<*8Y,3I)5-/3-,)-h8.)@-32=" :13(8-,85-6.O62)/85-6.(*35)*8.-),-'1/628*68-/3,-I1538@-/8./3-=)/)-=8I1.6/)/-3<8.m)-)-2*)Ol5 /3-/6)<85626O)5@-3,-<*8Y,3I)-3,3(6/8@-515-=)15)5@-=8.53=13.=6)5-E-,)-58,1=6f.-a13-,)-=8I1.6/)/ ?)Ym)-6/3.2676=)/8-<)*)-3,-<*8Y,3I)-53,3==68.)/8"
  • 33. 4m)-#T--R5=*6Y63./8-1.-Y8**)/8*-/3,-<3*76,-/3,-<*8E3=28 !"#$%&'&()*+,*&)-$./0'&()*%$1.,*20*'$/3)&+0+*4*%3%*#.$12,/0% +"9H@?.,?@?@#3?4.A%.+J?@AH8 +"9H@?.7?@.K%A/" --
  • 34. Q8I1.)-B3=?6=?3 Q8I1.)-B13*28-/3-Q?)./1E R<856=6f.-/3-,)-=8I1.)-B3=?6=?3 R<856=6f.-/3-,)-Q8I1.)-G).).26),-/3-Q?)./1E --