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ĐŽŶƚƌĂƚŽ ĚĞǀĞŵ ƐĞƌ ĞdžĐůƵşĚŽƐ ĚŽƐ ĐƵƐƚŽƐ ĚŽ ĐŽŶƚƌĂƚŽ ĚĞ ĐŽŶƐƚƌƵĕĆŽ͘ K ƉƌŽŶƵŶĐŝĂŵĞŶƚŽ ŶŽƐ ĨŽƌŶĞĐĞ ŽƐ ƐĞŐƵŝŶƚĞƐ ŽŶƚƌĂƚŽĚĞǀĞĞƐƚĂďĞůĞĐĞƌ͘͘͘
ĞdžĞŵƉůŽƐ͗ ÆŽƐĚŝƌĞŝƚŽƐĚĞĐĂĚĂƵŵĂĚĂƐƉĂƌƚĞƐ͕ĞdžĞƌĐşǀĞŝƐĐŽĞƌĐŝƚŝǀĂŵĞŶƚĞ͖
 ÆĂĐŽŶƚƌĂƉƌĞƐƚĂĕĆŽĂƐĞƌĚĂĚĂĞŵƚƌŽĐĂ͖
'ĂƐƚŽƐƋƵĞŶĆŽƉŽĚĞŵƐĞƌĂƚƌŝďƵşĚŽƐăĂƚŝǀŝĚĂĚĞĚŽĐŽŶƚƌĂƚŽ ÆĂĨŽƌŵĂĞŽƐƚĞƌŵŽƐĚĂůŝƋƵŝĚĂĕĆŽ
'ĂƐƚŽƐŐĞƌĂŝƐĂĚŵŝŶŝƐƚƌĂƚŝǀŽƐƉĂƌĂŽƐƋƵĂŝƐŽƌĞĞŵďŽůƐŽŶĆŽĞƐƚĞũĂƉƌĞǀŝƐƚŽŶŽĐŽŶƚƌĂƚŽ͖ 
ĞƐƉĞƐĂƐĚĞǀĞŶĚĂ͖ ůĠŵĚŝƐƐŽ͕ĠƵƐƵĂůŵĞŶƚĞŶĞĐĞƐƐĄƌŝŽ͘͘͘
KEdZdK^KE^dZhK;WϭϳͿ

KEdZdK^KE^dZhK;WϭϳͿ
ĞƐƉĞƐĂƐĐŽŵƉĞƐƋƵŝƐĂĞĚĞƐĞŶǀŽůǀŝŵĞŶƚŽƉĂƌĂŽƐƋƵĂŝƐŽƌĞĞŵďŽůƐŽŶĆŽĞƐƚĞũĂƉƌĞǀŝƐƚŽŶŽĐŽŶƚƌĂƚŽ͖ ÆƌĞŐŝƐƚƌŽƐĨŝŶĂŶĐĞŝƌŽƐ͖
ĞƉƌĞĐŝĂĕĆŽĚĞŝŶƐƚĂůĂĕƁĞƐĞĞƋƵŝƉĂŵĞŶƚŽƐŽĐŝŽƐŽƐƋƵĞŶĆŽƐĞũĂŵƵƐĂĚŽƐĞŵƵŵĐŽŶƚƌĂƚŽĞŵƉĂƌƚŝĐƵůĂƌ͘ ÆƐŝƐƚĞŵĂŽƌĕĂŵĞŶƚĄƌŝŽĞĨŝĐĂnj͘
 
YƵĂŶĚŽĂ ĐŽŶĐůƵƐĆŽĚĞƵŵĐŽŶƚƌĂƚŽĚĞĐŽŶƐƚƌƵĕĆŽƉƵĚĞƌƐĞƌ ĞƐƚŝŵĂĚĂ ĐŽŵ ĐŽŶĨŝĂďŝůŝĚĂĚĞ͕ ĂƐƌĞĐĞŝƚĂƐĞŽƐĐƵƐƚŽƐ
ĂƐƐŽĐŝĂĚŽƐĂŽĐŽŶƚƌĂƚŽĚĞĐŽŶƐƚƌƵĕĆŽĚĞǀĞŵƐĞƌƌĞĐŽŶŚĞĐŝĚŽƐĐŽŵŽƌĞĐĞŝƚĂƐĞĚĞƐƉĞƐĂƐ͕ƌĞƐƉĞĐƚŝǀĂŵĞŶƚĞ͕ƚŽŵĂŶĚŽ
ĐŽŵŽƌĞĨĞƌġŶĐŝĂŽĞƐƚĄŐŝŽĚĞĞdžĞĐƵĕĆŽ;ƐƚĂŐĞŽĨĐŽŵƉůĞƚŝŽŶͿĚĂĂƚŝǀŝĚĂĚĞĐŽŶƚƌĂƚƵĂůĂŽƚĠƌŵŝŶŽĚŽƉĞƌşŽĚŽĚĞƌĞƉŽƌƚĞ͘

ƉĞƌĚĂĞƐƉĞƌĂĚĂĐŽŵŽĐŽŶƚƌĂƚŽĚĞĐŽŶƐƚƌƵĕĆŽ͕ƉŽƌƐƵĂǀĞnj͕ĚĞǀĞƐĞƌƌĞĐŽŶŚĞĐŝĚĂŝŵĞĚŝĂƚĂŵĞŶƚĞĐŽŵŽĚĞƐƉĞƐĂ͘

ĐŽŶĐůƵƐĆŽĚŽĐŽŶƚƌĂƚŽĚĞĐŽŶƐƚƌƵĕĆŽƉŽĚĞƐĞƌĞƐƚŝŵĂĚĂĐŽŵĐŽŶĨŝĂďŝůŝĚĂĚĞƋƵĂŶĚŽƚŽĚĂƐĂƐĐŽŶĚŝĕƁĞƐ
ƐĞŐƵŝŶƚĞƐĞƐƚŝǀĞƌĞŵƐĂƚŝƐĨĞŝƚĂƐ͘͘͘
ŽŶƚƌĂƚŽĚĞƉƌĞĕŽĨŝdžŽ;ĨŝdžĞĚƉƌŝĐĞͿ
ƒ ƌĞĐĞŝƚĂĚŽĐŽŶƚƌĂƚŽƉƵĚĞƌƐĞƌŵĞŶƐƵƌĂĚĂĐŽŵĐŽŶĨŝĂďŝůŝĚĂĚĞ͖
ƒ &ŽƌƉƌŽǀĄǀĞůƋƵĞŽƐďĞŶĞĨşĐŝŽƐĞĐŽŶƀŵŝĐŽƐĂƐƐŽĐŝĂĚŽƐĂŽĐŽŶƚƌĂƚŽĨůƵŝƌĆŽƉĂƌĂĂĞŶƚŝĚĂĚĞ͖
ƒ dĂŶƚŽŽƐĐƵƐƚŽƐƉĂƌĂĐŽŶĐůƵŝƌŽĐŽŶƚƌĂƚŽƋƵĂŶƚŽŽĞƐƚĄŐŝŽĚĞĞdžĞĐƵĕĆŽĚĂĂƚŝǀŝĚĂĚĞĐŽŶƚƌĂƚƵĂůƉƵĚĞƌĞŵ
ƐĞƌŵĞŶƐƵƌĂĚŽƐĐŽŵĐŽŶĨŝĂďŝůŝĚĂĚĞ͕ĂŽƚĠƌŵŝŶŽĚŽƉĞƌşŽĚŽĚĞƌĞƉŽƌƚĞ͖
ƒ KƐĐƵƐƚŽƐĂƚƌŝďƵşǀĞŝƐĂŽĐŽŶƚƌĂƚŽƉƵĚĞƌĞŵƐĞƌĐůĂƌĂŵĞŶƚĞŝĚĞŶƚŝĨŝĐĂĚŽƐĞŵĞŶƐƵƌĂĚŽƐĐŽŵĐŽŶĨŝĂďŝůŝĚĂĚĞ
ĚĞĨŽƌŵĂƚĂůƋƵĞŽƐĐƵƐƚŽƐĂƚƵĂŝƐŝŶĐŽƌƌŝĚŽƐƉŽƐƐĂŵƐĞƌĐŽŵƉĂƌĂĚŽƐĐŽŵĞƐƚŝŵĂƚŝǀĂƐĂŶƚĞƌŝŽƌĞƐ͘
56842783534 56842783534

ƵƐƚŽŵĂŝƐŵĂƌŐĞŵ;ĐŽƐƚƉůƵƐͿ
ƒ &ŽƌƉƌŽǀĄǀĞůƋƵĞŽƐďĞŶĞĨşĐŝŽƐĞĐŽŶƀŵŝĐŽƐĂƐƐŽĐŝĂĚŽƐĂŽĐŽŶƚƌĂƚŽĨůƵŝƌĆŽƉĂƌĂĂĞŶƚŝĚĂĚĞ͖
ƒ KƐ ĐƵƐƚŽƐ ĂƚƌŝďƵşǀĞŝƐ ĂŽ ĐŽŶƚƌĂƚŽ͕ ƋƵĞƌ ƐĞũĂŵ ĞƐƉĞĐŝĨŝĐĂŵĞŶƚĞ ƌĞĞŵďŽůƐĄǀĞŝƐ ŽƵ ŶĆŽ͕ ƉƵĚĞƌĞŵ ƐĞƌ
ĐůĂƌĂŵĞŶƚĞŝĚĞŶƚŝĨŝĐĂĚŽƐĞŵĞŶƐƵƌĂĚŽƐĐŽŵĐŽŶĨŝĂďŝůŝĚĂĚĞ͘

DĠƚŽĚŽĚĂWĞƌĐĞŶƚĂŐĞŵŽŵƉůĞƚĂĚĂ

^ĞŐƵŶĚŽŽWϭϳ͕ ŽƌĞĐŽŶŚĞĐŝŵĞŶƚŽĚĂƌĞĐĞŝƚĂ ĞĚĂƐĚĞƐƉĞƐĂƐƚĞŶĚŽĐŽŵŽƌĞĨĞƌġŶĐŝĂŽĞƐƚĄŐŝŽĚĞĞdžĞĐƵĕĆŽĚŽ
ĐŽŶƚƌĂƚŽĠƵƐƵĂůŵĞŶƚĞĚĞŶŽŵŝŶĂĚŽĐŽŵŽDĠƚŽĚŽĚĂWĞƌĐĞŶƚĂŐĞŵŽŵƉůĞƚĂĚĂ͘

WŽƌĞƐƐĞŵĠƚŽĚŽ͕ĂƌĞĐĞŝƚĂĐŽŶƚƌĂƚƵĂůĠĐŽŶĨƌŽŶƚĂĚĂĐŽŵŽƐĐƵƐƚŽƐĐŽŶƚƌĂƚƵĂŝƐŝŶĐŽƌƌŝĚŽƐăŵĞĚŝĚĂƋƵĞĐĂĚĂĞƐƚĄŐŝŽ 

ĚĞĞdžĞĐƵĕĆŽĚŽƚƌĂďĂůŚŽĠĂůĐĂŶĕĂĚŽ͕ĨĂƚŽƋƵĞƌĞƐƵůƚĂŶĂĚŝǀƵůŐĂĕĆŽĚĞƌĞĐĞŝƚĂƐ͕ĚĞƐƉĞƐĂƐĞůƵĐƌŽ ƋƵĞƉŽĚĞŵ ƐĞƌ
ĂƚƌŝďƵşĚŽƐăƉƌŽƉŽƌĕĆŽĚŽƚƌĂďĂůŚŽƌĞĂůŝnjĂĚŽ͘ YƵĂŶĚŽĨŽƌƉƌŽǀĄǀĞůƋƵĞŽƐĐƵƐƚŽƐƚŽƚĂŝƐĚŽĐŽŶƚƌĂƚŽĞdžĐĞĚĞƌĆŽĂƌĞĐĞŝƚĂƚŽƚĂůĚŽĐŽŶƚƌĂƚŽ͕ĂƉĞƌĚĂĞƐƉĞƌĂĚĂĚĞǀĞ
 ƐĞƌƌĞĐŽŶŚĞĐŝĚĂŝŵĞĚŝĂƚĂŵĞŶƚĞĐŽŵŽĚĞƐƉĞƐĂ͘

WƌŽĨ͘'ŝůŵĂƌWŽƐƐĂƚŝǁǁǁ͘ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ͘ĐŽŵ͘ďƌϰϮĚĞϱϭ WƌŽĨ͘'ŝůŵĂƌWŽƐƐĂƚŝǁǁǁ͘ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ͘ĐŽŵ͘ďƌϰϯĚĞϱϭ

56842783534 - x 56842783534 - x
ηŽŶƚĂďŝůŝĚĂĚĞ'ĞƌĂů͗WƌŽŶƵŶĐŝĂŵĞŶƚŽƐŽŶƚĄďĞŝƐƉͬ&ϮϬϭϳ͘Ϯη ηŽŶƚĂďŝůŝĚĂĚĞ'ĞƌĂů͗WƌŽŶƵŶĐŝĂŵĞŶƚŽƐŽŶƚĄďĞŝƐƉͬ&ϮϬϭϳ͘Ϯη
ƵůĂϬϲ ƵůĂϬϲ
ĞŶƚŝĚĂĚĞĚĞǀĞĂƉůŝĐĂƌŽWϮϬŶĂĐŽŶƚĂďŝůŝnjĂĕĆŽĚŽƐĐƵƐƚŽƐĚĞĞŵƉƌĠƐƚŝŵŽƐĚĞĂƚŝǀŽƐƋƵĂůŝĨŝĐĄǀĞŝƐ;ĞŵƌĞŐƌĂͿ͘

ƵƐƚŽƐĚĞĞŵƉƌĠƐƚŝŵŽƐÆƐĆŽũƵƌŽƐĞŽƵƚƌŽƐĐƵƐƚŽƐƋƵĞĂĞŶƚŝĚĂĚĞŝŶĐŽƌƌĞĞŵĐŽŶĞdžĆŽĐŽŵŽĞŵƉƌĠƐƚŝŵŽĚĞƌĞĐƵƌƐŽƐ͘

ƚŝǀŽƋƵĂůŝĨŝĐĄǀĞůÆĠƵŵĂƚŝǀŽƋƵĞ͕ŶĞĐĞƐƐĂƌŝĂŵĞŶƚĞ͕ĚĞŵĂŶĚĂƵŵ ƉĞƌşŽĚŽĚĞƚĞŵƉŽƐƵďƐƚĂŶĐŝĂůƉĂƌĂĨŝĐĂƌƉƌŽŶƚŽ
ƉĂƌĂƐĞƵƵƐŽŽƵǀĞŶĚĂƉƌĞƚĞŶĚŝĚŽƐ͘

ƚŝǀŽƐĨŝŶĂŶĐĞŝƌŽƐĞĞƐƚŽƋƵĞƐƋƵĞƐĆŽŵĂŶƵĨĂƚƵƌĂĚŽƐ͕ŽƵĚĞŽƵƚƌŽŵŽĚŽƉƌŽĚƵnjŝĚŽƐ͕ĂŽůŽŶŐŽĚĞƵŵĐƵƌƚŽƉĞƌşŽĚŽ
ĚĞ ƚĞŵƉŽ͕ ŶĆŽ ƐĆŽ ĂƚŝǀŽƐ ƋƵĂůŝĨŝĐĄǀĞŝƐ͘ KƐ ĂƚŝǀŽƐ ƋƵĞ ĞƐƚĆŽ ƉƌŽŶƚŽƐ ƉĂƌĂ ƐĞƵ ƵƐŽ ŽƵ ǀĞŶĚĂ ƉƌĞƚĞŶĚŝĚŽƐ ƋƵĂŶĚŽ 
ĂĚƋƵŝƌŝĚŽƐŶĆŽƐĆŽĂƚŝǀŽƐƋƵĂůŝĨŝĐĄǀĞŝƐ͘džĞŵƉůŽĐůĄƐƐŝĐŽĚĞƐƐĞƐĂƚŝǀŽƐƐĆŽĂƐŵĞƌĐĂĚŽƌŝĂƐƉĂƌĂƌĞǀĞŶĚĂ͘  4XHVWmRLQpGLWD 1RVWHUPRVGR&3& 5 ±&RQWUDWRVGH&RQVWUXomR
ZĞĐŽŶŚĞĐŝŵĞŶƚŽ RVFXVWRVGRFRQWUDWRGHYHPFRPSUHHQGHURVFXVWRVTXHHVWHMDPUHODFLRQDGRV

GLUHWDPHQWH FRP XP FRQWUDWR HVSHFtILFR RV FXVWRV TXH VHMDP DWULEXtYHLV j

 ĞŶƚŝĚĂĚĞ ĚĞǀĞ ĐĂƉŝƚĂůŝnjĂƌ ŽƐ ĐƵƐƚŽƐ ĚĞ ĞŵƉƌĠƐƚŝŵŽƐ ƋƵĞ ƐĆŽ ĚŝƌĞƚĂŵĞŶƚĞ ĂƚƌŝďƵşǀĞŝƐ ă ĂƋƵŝƐŝĕĆŽ͕ ĐŽŶƐƚƌƵĕĆŽ ŽƵ
ƉƌŽĚƵĕĆŽ ĚĞ ĂƚŝǀŽ ƋƵĂůŝĨŝĐĄǀĞů ĐŽŵŽ ƉĂƌƚĞ ĚŽ ĐƵƐƚŽ ĚŽ ĂƚŝǀŽ͘  ĞŶƚŝĚĂĚĞ ĚĞǀĞ ƌĞĐŽŶŚĞĐĞƌ ŽƐ ŽƵƚƌŽƐ ĐƵƐƚŽƐ ĚĞ DWLYLGDGHGRFRQWUDWRGHPRGRJHUDOHSRVVDPVHUDORFDGRVDRFRQWUDWRHRXWURV
ĞŵƉƌĠƐƚŝŵŽƐĐŽŵŽĚĞƐƉĞƐĂŶŽƉĞƌşŽĚŽĞŵƋƵĞƐĆŽŝŶĐŽƌƌŝĚŽƐ͘ƐƐŝŵ͕ƚĞŵŽƐ͗ FXVWRV TXH VHMDP HVSHFLILFDPHQWH LPSXWiYHLV DR FRQWUDWDQWH FOLHQWH  GH
ƵƐƚŽƐĚĞĞŵƉƌĠƐƚŝŵŽƐĚŝƌĞƚĂŵĞŶƚĞĂƚƌŝďƵşǀĞŝƐÆƌĞĐŽŶŚĞĐŝĚŽĐŽŵŽĂƚŝǀŽ DFRUGR FRP RV WHUPRV GR FRQWUDWR 1HVVH VHQWLGR VmR H[HPSORV GH  FXVWRV
KƵƚƌŽƐĐƵƐƚŽƐĚĞĞŵƉƌĠƐƚŝŵŽƐÆƌĞĐŽŶŚĞĐŝĚŽĐŽŵŽĚĞƐƉĞƐĂ UHODFLRQDGRVGLUHWDPHQWHDXPFRQWUDWRHVSHFtILFRH[FHWR
ƵƐƚŽƐĚĞŵƉƌĠƐƚŝŵŽƐĞůĞŐşǀĞŝƐăĐĂƉŝƚĂůŝnjĂĕĆŽ D FXVWRVGHPmRGHREUDQRORFDOLQFOXLQGRVXSHUYLVmRQRORFDO
ĞŶƚŝĚĂĚĞĚĞǀĞĚĞƚĞƌŵŝŶĂƌŽŵŽŶƚĂŶƚĞĚŽƐĐƵƐƚŽƐĚŽƐĞŵƉƌĠƐƚŝŵŽƐĞůĞŐşǀĞŝƐăĐĂƉŝƚĂůŝnjĂĕĆŽĐŽŵŽƐĞŶĚŽĂƋƵĞůĞƐ E FXVWRVGHPDWHULDLVXVDGRVQDFRQVWUXomR
ĞĨĞƚŝǀĂŵĞŶƚĞŝŶĐŽƌƌŝĚŽƐƐŽďƌĞƚĂŝƐĞŵƉƌĠƐƚŝŵŽƐĚƵƌĂŶƚĞŽƉĞƌşŽĚŽ͕ŵĞŶŽƐƋƵĂůƋƵĞƌƌĞĐĞŝƚĂĨŝŶĂŶĐĞŝƌĂĚĞĐŽƌƌĞŶƚĞĚŽ F JDVWRVJHUDLVGHFRQVWUXomR
h^dK^DWZ^d/DK^;WϮϬͿ

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