Você está na página 1de 9









),567',9,6,21

/(232/'2$%$17(
*51R
3HWLWLRQHU


3UHVHQW


YHUVXV
3812&-&KDLUSHUVRQ

&$53,2025$/(6

/(21$5'2'(&$6752
.-*6 )/((7 0$1$*(0(17 %(56$0,1DQG
0$1,/$
DQGRU
*8< 9,//$5$0$-5--
'20,1*2 $ 0$&$3$<$*
.5,67,$1
*(5+$5' 3URPXOJDWHG
-(%6(166.,365(1'(5,$6 BBBBBBBBBBBBBBBBBBBBB'HFHPEHU
5HVSRQGHQWV

[[

'(&,6,21

&$53,2025$/(6-
2Q-DQXDU\/HRSROGR$EDQWH SHWLWLRQHU ZDVKLUHGE\UHVSRQGHQW.-*6)OHHW
0DQDJHPHQW 0DQLOD .-*6  WR ZRUN DV DEOHERGLHG VHDPDQ DERDUG 07 5DWKER\QH IRU D
SHULRGRIQLQHPRQWKVDQGZLWKDEDVLFVDODU\RI86SHUPRQWK

6RPHWLPH LQ -XQH  ZKLOH FDUU\LQJ HTXLSPHQW RQ ERDUG WKH YHVVHO SHWLWLRQHU
VOLSSHG DQG KXUW KLV EDFN 8SRQ WKH YHVVHOV DUULYDO LQ .DRKVLXQJ 7DLZDQ RQ -XO\  
SHWLWLRQHUZDVEURXJKWWRDKRVSLWDOZKHUHXSRQKHZDVGLDJQRVHGWREHVXIIHULQJIURPORZHU
EDFNSDLQURROGIUDFWXUHOHVLRQWKOXPEDUERG\1HYHUWKHOHVVKHZDVVWLOOGHFODUHGWREHILW
IRUUHVWULFWHGZRUNDQGZDVDGYLVHGWRVHHDQRWKHUGRFWRULQWKHQH[WSRUWRIFDOO8QDEOH WR
EHDUWKHSDLQSHWLWLRQHUZDVRQKLVUHTXHVWUHSDWULDWHGWRWKH3KLOLSSLQHVRQ-XO\


2Q -XO\   SHWLWLRQHU UHSRUWHG WR .-*6 DQG ZDV UHIHUUHG WR D FRPSDQ\
GHVLJQDWHG SK\VLFLDQ 'U 5REHUWR ' /LP 'U /LP  DW WKH 0HWURSROLWDQ +RVSLWDO $IWHU D
VHULHVRIWHVWVKHZDVGLDJQRVHGWREHVXIIHULQJIURP)RUDPLQDOVWHQRVLV//DQGFHQWUDO
GLVFSURWUXVLRQ//RQDFFRXQWRIZKLFKKHXQGHUZHQW/DPLQHFWRP\DQG'LVFHFWRP\ RQ
$XJXVWWKHFRVWRIZKLFKZDVERUQHE\.-*6+HZDVGLVFKDUJHGIURPWKHKRVSLWDO
GD\VODWHUEXWZDVDGYLVHGWRFRQWLQXHSK\VLFDOWKHUDS\+HZDVVHHQE\'U/LPDURXQG
WLPHVIURPWKHWLPHKHZDVGLVFKDUJHGXQWLO)HEUXDU\ZKHQKHZDVSURQRXQFHG
>@
ILWWRUHVXPHVHDGXWLHV+HKRZHYHUUHIXVHGWRVLJQKLV&HUWLILFDWHRI)LWQHVVIRU:RUN

3HWLWLRQHU ODWHU VRXJKW WKH RSLQLRQ RI DQRWKHU GRFWRU 'U -RFHO\Q 0\UD 5 &DMD ZKR
>@
GLDJQRVHGKLPWRKDYHIDLOHGEDFNV\QGURPHDQGJDYHDJUDGHGLVDELOLW\UDWLQJ ZKLFK
UDWLQJ UHQGHUHG KLP PHGLFDOO\ XQILW WR ZRUN DJDLQ DV D VHDPDQ DQG FDOOHG IRU WKH DZDUG RI
>@
86 GLVDELOLW\ EHQHILWV  GUDZLQJ KLP WR ILOH RQ $SULO   D &RPSODLQW
EHIRUH WKH 1DWLRQDO /DERU 5HODWLRQV &RPPLVVLRQ 1/5&  GRFNHWHG DV 1/5& 2): &DVH
1RIRUGLVDELOLW\FRPSHQVDWLRQLQWKHDPRXQWRI86PRUDODQG
H[HPSODU\GDPDJHVDQGDWWRUQH\VIHHV

>@
%\'HFLVLRQ RI-XO\/DERU$UELWHU-RYHQFLR/O0D\RU-UGLVPLVVHG WKH
FRPSODLQW KROGLQJ WKDW XQGHU 3KLOLSSLQH 2YHUVHDV (PSOR\PHQW $GPLQLVWUDWLRQ 32($
0HPR&LUFXODU1RVHULHVRILQWKHHYHQWRIFRQIOLFWEHWZHHQWKHDVVHVVPHQWRI WKH
FRPSDQ\GHVLJQDWHGSK\VLFLDQDQGWKHGRFWRUFKRVHQE\WKHVHDIDUHUWKHRSLQLRQRIDWKLUG
GRFWRU
DJUHHGRQE\ERWKWKHHPSOR\HUDQGWKHVHDIDUHUVKRXOGEHVRXJKW+HQFHWKH/DERU$UELWHU
KHOG WKDW SHWLWLRQHUV LPPHGLDWH ILOLQJ RI WKH FRPSODLQW LQVLVWLQJ RQ KLV RZQ SK\VLFLDQV
DVVHVVPHQW ZDV SUHPDWXUH DQG WKHUHIRUH WKH DVVHVVPHQW RI WKH FRPSDQ\GHVLJQDWHG
SK\VLFLDQWKDWKHLVVWLOOILWWRZRUNSUHYDLOV

>@
2Q SHWLWLRQHUV DSSHDO WKH 1/5& E\ 'HFLVLRQ  RI -DQXDU\   RUGHUHG WKH
UHPDQGRIWKHFDVHWRWKH/DERU$UELWHUIRUIXUWKHUSURFHHGLQJV,WKHOGWKDWVLQFHWKHUHZHUH
WZR FRQIOLFWLQJ GLDJQRVHV DV WR SHWLWLRQHUV ILWQHVV WR ZRUN WKH PDWWHU PXVW EH UHIHUUHG WR D

WKLUGGRFWRUWRGHWHUPLQHKLVHQWLWOHPHQWWRGLVDELOLW\EHQHILWVXQGHUWKHQHZ32($6WDQGDUG
(PSOR\PHQW&RQWUDFWIRUVHDIDUHUV.-*6V0RWLRQIRU5HFRQVLGHUDWLRQRIVDLG'HFLVLRQZDV
>@
GHQLHGE\5HVROXWLRQ RI1RYHPEHUKHQFHLWDSSHDOHGWRWKH&RXUWRI$SSHDOV

>@
%\'HFLVLRQ  RI 'HFHPEHU   WKH DSSHOODWH FRXUW UHYHUVHG DQG VHW DVLGH WKH
1/5&UXOLQJDQGUHLQVWDWHGWKH/DERU$UELWHUV'HFLVLRQ,W KHOG WKDW 6HF  %  RI 32($
0HPR &LUFXODU 1R  VHULHV RI  ZKLFK UHTXLUHV D WKLUG GRFWRU LQ FDVH RI FRQIOLFWLQJ
DVVHVVPHQWVLVLQDSSOLFDEOH

1RWLQJ WKDW WKH HPSOR\PHQW FRQWUDFW EHWZHHQ .-*6 DQG SHWLWLRQHU ZDV H[HFXWHG RQ
-DQXDU\WKHDSSHOODWHFRXUWKHOGWKDWWKHFRQWUDFWLVJRYHUQHGE\0HPR&LUFXODU1R
VHULHVRIZKLFKGLGQRWKDYHDVLPLODUSURYLVLRQKHQFHLWLVWKHGHWHUPLQDWLRQRU
DVVHVVPHQW RI WKH FRPSDQ\GHVLJQDWHG SK\VLFLDQ ZKLFK LV GHHPHG FRQWUROOLQJ 3HWLWLRQHUV
>@
PRWLRQ IRU UHFRQVLGHUDWLRQ KDYLQJ EHHQ GHQLHG E\ 5HVROXWLRQ  RI $SULO   KH
LQWHUSRVHGWKHSUHVHQWSHWLWLRQLQVLVWLQJWKDWKHLVHQWLWOHGWR*UDGHGLVDELOLW\EHQHILWVXQGHU
WKHQHZ32($6WDQGDUG(PSOR\PHQW&RQWUDFW

7KHSHWLWLRQLVPHULWRULRXV

6HFWLRQ %   RIWKH32($6WDQGDUG(PSOR\PHQW&RQWUDFWRISURYLGHV

6(&7,21&203(16$7,21$1'%(1(),76)25,1-85<$1',//1(66

7KHOLDELOLWLHVRIWKHHPSOR\HUZKHQWKHVHDIDUHUVXIIHUVZRUNUHODWHGLQMXU\RULOOQHVVGXULQJ
WKHWHUPRIKLVFRQWUDFWDUHDVIROORZV

[[[[

 8SRQ VLJQRII IURP WKH YHVVHO IRU PHGLFDO WUHDWPHQW WKH VHDIDUHU LV HQWLWOHG WR VLFNQHVV
DOORZDQFH HTXLYDOHQW WR KLV EDVLF ZDJH XQWLO KH LV GHFODUHG ILW WR ZRUN RU WKH GHJUHH RI
SHUPDQHQWGLVDELOLW\KDVEHHQDVVHVVHGE\WKHFRPSDQ\GHVLJQDWHGSK\VLFLDQEXWLQQRFDVH
VKDOOWKLVSHULRGH[FHHGRQHKXQGUHGWZHQW\  GD\V

)RUWKLVSXUSRVHWKHVHDIDUHUVKDOOVXEPLWKLPVHOIWRDSRVWHPSOR\PHQWPHGLFDOH[DPLQDWLRQ
E\DFRPSDQ\GHVLJQDWHGSK\VLFLDQZLWKLQWKUHHZRUNLQJGD\VXSRQKLVUHWXUQH[FHSWZKHQ
KHLVSK\VLFDOO\LQFDSDFLWDWHGWRGRVRLQZKLFKFDVHDZULWWHQQRWLFHWRWKHDJHQF\ZLWKLQ
WKH VDPH SHULRG LV GHHPHG DV FRPSOLDQFH )DLOXUH RI WKH VHDIDUHU WR FRPSO\ ZLWK WKH
PDQGDWRU\UHSRUWLQJUHTXLUHPHQWVKDOOUHVXOWLQKLVIRUIHLWXUHRIWKHULJKWWRFODLPWKHDERYH

EHQHILWV

,IDGRFWRUDSSRLQWHGE\WKHVHDIDUHUGLVDJUHHVZLWKWKHDVVHVVPHQWDWKLUGGRFWRUPD\
EHDJUHHGMRLQWO\EHWZHHQWKH(PSOR\HUDQGWKHVHDIDUHU7KHWKLUGGRFWRUVGHFLVLRQVKDOOEH
ILQDODQGELQGLQJRQERWKSDUWLHV HPSKDVLVVXSSOLHG



&OHDUO\WKHDERYHSURYLVLRQGRHVQRWSUHFOXGHWKHVHDIDUHUIURPJHWWLQJDVHFRQGRSLQLRQDV
WR KLV FRQGLWLRQ IRU SXUSRVHV RI FODLPLQJ GLVDELOLW\ EHQHILWV IRU DV KHOG LQ 1<.)LO 6KLS
>@
0DQDJHPHQWY7DODYHUD


7KLV SURYLVLRQ VXEVWDQWLDOO\ LQFRUSRUDWHV WKH  32($ 6WDQGDUG (PSOR\PHQW
&RQWUDFW3DVVLQJ RQ WKH  32($ 6WDQGDUG (PSOR\PHQW &RQWUDFW WKLV &RXUW KHOG WKDW
>Z@KLOH LW LV WKH FRPSDQ\GHVLJQDWHG SK\VLFLDQ ZKR PXVW GHFODUH WKDW WKH VHDPDQ
VXIIHUVDSHUPDQHQWGLVDELOLW\GXULQJHPSOR\PHQWLWGRHVQRWGHSULYHWKHVHDIDUHURI
KLVULJKWWRVHHNDVHFRQGRSLQLRQKHQFHWKH&RQWUDFWUHFRJQL]HVWKHSUHURJDWLYHRIWKH
VHDIDUHUWRUHTXHVWDVHFRQGRSLQLRQDQGIRUWKLVSXUSRVHWRFRQVXOWDSK\VLFLDQRIKLV
FKRLFH HPSKDVLVDQGXQGHUVFRULQJVXSSOLHG



,QWKHSUHVHQWFDVHLWLVXQGLVSXWHGWKDWSHWLWLRQHULPPHGLDWHO\FRQVXOWHGZLWKDSK\VLFLDQRI
KLV FKRLFH DIWHU LQLWLDOO\ KDYLQJ EHHQ VHHQ DQG RSHUDWHG RQ E\ D FRPSDQ\GHVLJQDWHG
SK\VLFLDQ,WZDVDIWHUKHJRWDVHFRQGRSLQLRQDQGDILQGLQJWKDWKHLVXQILWIRUIXUWKHUZRUN
DVDVHDPDQWKDWKHILOHGWKHFODLPIRUGLVDELOLW\EHQHILWV

5HVSHFWLQJWKHDSSHOODWHFRXUWVUXOLQJWKDWLWLV32($0HPR&LUFXODU1RVHULHVRI
ZKLFKLVDSSOLFDEOHDQGQRW0HPR&LUFXODU1RVHULHVRIDSURSRVLVWKHUXOLQJ
>@
LQ6HDJXOO0DULWLPH&RUSRUDWLRQY'HH
 LQYROYLQJ HPSOR\PHQW FRQWUDFW HQWHUHG LQWR LQ
EHIRUHWKHSURPXOJDWLRQRI32($0HPR&LUFXODU1RVHULHVRIRUWKHXVHRI
WKHQHZ32($6WDQGDUG(PSOR\PHQW&RQWUDFWOLNHWKDWLQYROYHGLQWKHSUHVHQWFDVH,QVDLG
FDVHWKH&RXUWDSSOLHGWKH&LUFXODULQKROGLQJWKDWZKLOHLWLVWKHFRPSDQ\GHVLJQDWHG
SK\VLFLDQ ZKR PXVW GHFODUH WKDW WKH VHDPDQ VXIIHUHG SHUPDQHQW GLVDELOLW\ GXULQJ
HPSOR\PHQWLWGRHVQRWGHSULYHWKHVHDIDUHURIKLVULJKWWRVHHNDVHFRQGRSLQLRQZKLFKFDQ
WKHQEHXVHGE\WKHODERUWULEXQDOVLQDZDUGLQJGLVDELOLW\FODLPV

&RXUWV DUH FDOOHG XSRQ WR EH YLJLODQW LQ WKHLU WLPHKRQRUHG GXW\ WR SURWHFW ODERU
HVSHFLDOO\ LQ FDVHV RI GLVDELOLW\ RU DLOPHQW :KHQ DSSOLHG WR )LOLSLQR VHDPHQ WKH SHULORXV

QDWXUH RI WKHLU ZRUN LV FRQVLGHUHG LQ GHWHUPLQLQJ WKH SURSHU EHQHILWV WR EH DZDUGHG 7KHVH
EHQHILWVDWWKHYHU\OHDVWVKRXOGDSSUR[LPDWHWKHULVNVWKH\EUDYHRQERDUGWKHYHVVHOHYHU\
VLQJOHGD\

$FFRUGLQJO\ LI VHULRXV GRXEW H[LVWV RQ WKH FRPSDQ\GHVLJQDWHG SK\VLFLDQV
GHFODUDWLRQRIWKHQDWXUHRIDVHDPDQVLQMXU\DQGLWVFRUUHVSRQGLQJLPSHGLPHQWJUDGH
UHVRUW WRSURJQRVLV RI RWKHU FRPSHWHQWPHGLFDO SURIHVVLRQDOV VKRXOGEH PDGH,Q GRLQJ
VRDVHDPDQVKRXOGEHJLYHQWKHRSSRUWXQLW\WRDVVHUWKLVFODLPDIWHUSURYLQJWKHQDWXUH
RI KLV LQMXU\ 7KHVH HYLGHQFHV ZLOO LQ WXUQ EH XVHG WR GHWHUPLQH WKH EHQHILWV ULJKWIXOO\
DFFUXLQJWRKLP HPSKDVLVDQGXQGHUVFRULQJVXSSOLHG



,WEHDUVQRWLQJWKDW'U/LPVPHGLFDOILQGLQJVGLGQRWVLJQLILFDQWO\GLIIHUIURPWKRVHRI
'U&DMDV,QHVVHQFHHYHQLI'U/LPGHFODUHGSHWLWLRQHUWREHILWWRUHVXPHVHDGXWLHVVWLOO
WKH ILQDO GLDJQRVLV RI IRUDPLQDO VWHQRVLV DQG FHQWUDO GLVF SURWUXVLRQ UHPDLQHG VL[ PRQWKV
>@
SRVWVXUJHU\
,WLVXQGHUVWDQGDEOHWKDWDFRPSDQ\GHVLJQDWHGSK\VLFLDQLVPRUHSRVLWLYH
WKDQWKDWRIDSK\VLFLDQRIWKHVHDIDUHUVFKRLFH,WLVRQWKLVDFFRXQWWKDWDVHDIDUHULVJLYHQ
WKHRSWLRQE\WKH32($6WDQGDUG(PSOR\PHQW&RQWUDFWWRVHHNDVHFRQGRSLQLRQIURPKLV
SUHIHUUHGSK\VLFLDQ

3HWLWLRQHUVDUHDWWKLVSRLQWUHPLQGHGWKDWWKH32($VWDQGDUGHPSOR\PHQWFRQWUDFW
IRUVHDPHQZDVGHVLJQHGSULPDULO\IRUWKHSURWHFWLRQDQGEHQHILWRI)LOLSLQRVHDPHQLQ
WKH SXUVXLW RI WKHLU HPSOR\PHQW RQ ERDUG RFHDQJRLQJ YHVVHOV ,WV SURYLVLRQV PXVW EH
FRQVWUXHG DQG DSSOLHG IDLUO\ UHDVRQDEO\ DQG OLEHUDOO\ LQ WKHLU IDYRU 2QO\ WKHQ FDQ LWV
>@
EHQHILFHQWSURYLVLRQVEHIXOO\FDUULHGLQWRHIIHFW HPSKDVLVDQGXQGHUVFRULQJVXSSOLHG



>@
,Q+)63KLOLSSLQHVY3LODU
ZKHUHWKHILQGLQJVRIWKHLQGHSHQGHQWSK\VLFLDQVZHUH
JLYHQPRUHFUHGHQFHWKDQWKRVHRIWKHFRPSDQ\GHVLJQDWHGSK\VLFLDQVWKH&RXUWKHOG

7KHERWWRPOLQHLVWKLVWKHFHUWLILFDWLRQRIWKHFRPSDQ\GHVLJQDWHGSK\VLFLDQZRXOG
GHIHDWUHVSRQGHQWVFODLPZKLOHWKHRSLQLRQRIWKHLQGHSHQGHQWSK\VLFLDQVZRXOGXSKROG
VXFKFODLP,QVXFKDVLWXDWLRQZHDGRSWWKHILQGLQJVIDYRUDEOHWRUHVSRQGHQW

7KH ODZ ORRNV WHQGHUO\ RQ WKH ODERUHU :KHUH WKH HYLGHQFH PD\ EH UHDVRQDEO\
LQWHUSUHWHGLQWZRGLYHUJHQWZD\VRQHSUHMXGLFLDODQGWKHRWKHUIDYRUDEOHWRKLPWKHEDODQFH
PXVW EH WLOWHG LQ KLV IDYRU FRQVLVWHQW ZLWK WKH SULQFLSOH RI VRFLDO MXVWLFH HPSKDVLV DQG
XQGHUVFRULQJVXSSOLHG



$VWRZKHWKHUSHWLWLRQHUFDQFODLPGLVDELOLW\EHQHILWVWKH&RXUWUXOHVLQWKHDIILUPDWLYH

3HUPDQHQWGLVDELOLW\UHIHUVWRWKHLQDELOLW\RIDZRUNHUWRSHUIRUPKLVMREIRUPRUHWKDQ
GD\V UHJDUGOHVV RI ZKHWKHU KH ORVHV WKH XVH RI DQ\ SDUW RI KLV ERG\ :KDW GHWHUPLQHV
SHWLWLRQHUVHQWLWOHPHQWWRSHUPDQHQWGLVDELOLW\EHQHILWVLVKLVLQDELOLW\WRZRUNIRUPRUHWKDQ
>@
 GD\V
 ,Q WKH FDVH DW EDU LW ZDV RQO\ RQ )HEUXDU\   WKDW WKH &HUWLILFDWH RI
)LWQHVVIRU:RUNZDVLVVXHGE\'U/LPPRUHWKDQPRQWKVIURPWKHWLPHKHZDVLQLWLDOO\
HYDOXDWHG E\ WKH GRFWRU RQ -XO\   DQG DIWHU KH XQGHUZHQW RSHUDWLRQ RQ $XJXVW 


>@
,W LV JDWKHUHG
 IURP WKH GRFXPHQWV HPDQDWLQJ IURP WKH 2IILFH RI 'U /LP WKDW
SHWLWLRQHUZDVVHHQE\KLPIURP-XO\XSWR)HEUXDU\RUDWRWDORIWLPHV
DQGH[FHSWIRUWKHPHGLFDOUHSRUWVGDWHG)HEUXDU\DQG)HEUXDU\ ZKHQWKH
GRFWRU ILQDOO\ SURQRXQFHG SHWLWLRQHU ILW WR ZRUN  'U /LP FRQVLVWHQWO\ UHFRPPHQGHG WKDW
SHWLWLRQHUFRQWLQXHKLVSK\VLFDOUHKDELOLWDWLRQWKHUDS\DQGUHYLVLW FOLQLF RQ VSHFLILF GDWHV IRU
UHHYDOXDWLRQWKHUHE\LPSO\LQJWKDWSHWLWLRQHUZDVQRW\HWILWWRZRUN

*LYHQ D VHDIDUHUV HQWLWOHPHQW WR SHUPDQHQW GLVDELOLW\ EHQHILWV ZKHQ KH LV XQDEOH WR
ZRUNIRUPRUHWKDQGD\VWKHIDLOXUHRIWKHFRPSDQ\GHVLJQDWHGSK\VLFLDQWRSURQRXQFH
SHWLWLRQHU ILW WR ZRUN ZLWKLQ WKH GD\ SHULRG HQWLWOHV KLP WR SHUPDQHQW WRWDO GLVDELOLW\
>@
EHQHILWLQWKHDPRXQWRI86




5HVSHFWLQJ WKH FODLP IRU PRUDO DQG H[HPSODU\ GDPDJHV WKH VDPH FDQQRW EH JUDQWHG WKHUH
EHLQJQRFRQFUHWHVKRZLQJRIEDGIDLWKRUPDOLFHRQWKHSDUWRI.-*67KHUHFRUGVVKRZWKDW
LW VKRXOGHUHG DOO WKH H[SHQVHV LQFXUUHG LQ SHWLWLRQHUV VXUJHU\ DQG VXEVHTXHQW UHKDELOLWDWLRQ
$QGLWUHJXODUO\LQTXLUHGIURP'U/LPDERXWSHWLWLRQHUVFRQGLWLRQ

7KHFODLPIRUDWWRUQH\VIHHVLVJUDQWHGIROORZLQJ$UWLFOHRIWKH1HZ&LYLO&RGH
ZKLFK DOORZV LWV UHFRYHU\ LQ DFWLRQV IRU UHFRYHU\ RI ZDJHV RI ODERUHUV DQG DFWLRQV IRU
LQGHPQLW\XQGHUWKHHPSOR\HU
VOLDELOLW\ODZV7KHVDPHIHHVDUHDOVRUHFRYHUDEOHZKHQWKH
GHIHQGDQW
V DFW RU RPLVVLRQ KDV FRPSHOOHG WKH SODLQWLII WR LQFXU H[SHQVHV WR SURWHFW KLV

>@
LQWHUHVW
 DV LQ WKH SUHVHQW FDVH IROORZLQJ WKH UHIXVDO E\ UHVSRQGHQW WR VHWWOH KLV FODLPV
3XUVXDQW WR SUHYDLOLQJ MXULVSUXGHQFH SHWLWLRQHU LV HQWLWOHG WR DWWRUQH\V IHHV RI WHQ SHUFHQW
 RIWKHPRQHWDU\DZDUG

:+(5()25(WKHGHFLVLRQDQGUHVROXWLRQRIWKH&RXUWRI$SSHDOVGDWHG'HFHPEHU
DQG$SULOUHVSHFWLYHO\DUH5(9(56(' DQG 6(7 $6,'( 5HVSRQGHQWV
DUH KHOG MRLQWO\ DQG VHYHUDOO\ OLDEOH WR SD\ SHWLWLRQHU WKH IROORZLQJ D  SHUPDQHQW WRWDO
GLVDELOLW\EHQHILWVRI86DWLWVSHVRHTXLYDOHQWDWWKHWLPHRIDFWXDOSD\PHQWDQG
E DWWRUQH\
VIHHVRIWHQSHUFHQW  RIWKHWRWDOPRQHWDU\DZDUGDWLWVSHVRHTXLYDOHQWDW
WKHWLPHRIDFWXDOSD\PHQW

6225'(5('


&21&+,7$&$53,2025$/(6
$VVRFLDWH-XVWLFH










:(&21&85






5(<1$7263812
&KLHI-XVWLFH
&KDLUSHUVRQ








7(5(6,7$-/(21$5'2'(&$6752
$VVRFLDWH-XVWLFH

/8&$63%(56$0,1
$VVRFLDWH-XVWLFH






0$57,169,//$5$0$-5
$VVRFLDWH-XVWLFH


&(57,),&$7,21


3XUVXDQWWR6HFWLRQ$UWLFOH9,,,RIWKH&RQVWLWXWLRQ,FHUWLI\WKDWWKHFRQFOXVLRQVLQWKH
DERYHGHFLVLRQKDGEHHQUHDFKHGLQFRQVXOWDWLRQEHIRUHWKHFDVHZDVDVVLJQHGWRWKHZULWHURI
WKHRSLQLRQRIWKH&RXUWV'LYLVLRQ


5(<1$7263812
&KLHI-XVWLFH



>@
9LGHOHWWHURI'U5REHUWR'/LPGDWHG)HEUXDU\1/5&UHFRUGVS
>@
9LGHFHUWLILFDWLRQRI'U-RFHO\Q0\UD5&DMDGDWHG0DUFKLGDW
>@
,GDW
>@
,GDW
>@
&$ UROOR SS  3HQQHG E\ &RPPLVVLRQHU (UQHVWR 6 'LQRSRO DQG FRQFXUUHG LQ E\ 3UHVLGLQJ &RPPLVVLRQHU 5R\ 9
6HHUHVDQG&RPPLVVLRQHU5RPHR/*R
>@
,GDW3HQQHGE\&RPPLVVLRQHU3HUOLWD%9HODVFRDQGFRQFXUUHGLQE\3UHVLGLQJ&RPPLVVLRQHU5DXO7$TXLQRDQG
&RPPLVVLRQHU5RPHR/*R
>@
,GDW3HQQHGE\$VVRFLDWH-XVWLFH0\UQD'LPDUDQDQ9LGDODQGFRQFXUUHGLQE\$VVRFLDWH-XVWLFHV&-RVH/6DELR
-UDQG-RVH&5H\HV-U
>@
,GDW3HQQHGE\$VVRFLDWH-XVWLFH0\UQD'LPDUDQDQ9LGDODQGFRQFXUUHGLQE\$VVRFLDWH-XVWLFHV&-RVH/6DELR-U
DQG-RVH&5H\HV-U


>@

 *51R1RYHPEHUFLWLQJ6HDJXOO0DULWLPH&RUSY'HH*51R$SULO6&5$



>@
,G
>@
9LGH)HEUXDU\FHUWLILFDWLRQRI'U5REHUWR/LPVXSUD
>@
6HDJXOO0DULWLPH&RUSY'HHVXSUDDW
>@
*51R$SULO
>@
3DOLVRFY(DVZD\V0DULQH,QF*51R6HSWHPEHU
>@
9LGHPHGLFDOUHSRUWV1/5&UHFRUGVSS
>@
6HF$RI32($6WDQGDUG(PSOR\PHQW&RQWUDFWRU0HPR&LUFXODU1RVHULHVRI 6WDQGDUG7HUPVDQG&RQGLWLRQV
*RYHUQLQJWKH(PSOR\PHQWRI)LOLSLQR6HDIDUHUVRQ%RDUG2FHDQ*RLQJ9HVVHOV 
>@
5HPLJLRY1DWLRQDO/DERU5HODWLRQV&RPPLVVLRQ*51R$SULO6&5$

Você também pode gostar