• Aucun résultat trouvé

Le portrait des agricultrices wallonnes en 2014. Comprendre les besoins des agricultrices afin de leur apporter un soutien adapté

N/A
N/A
Protected

Academic year: 2021

Partager "Le portrait des agricultrices wallonnes en 2014. Comprendre les besoins des agricultrices afin de leur apporter un soutien adapté"

Copied!
97
0
0

Texte intégral

(1)

Fonds européen agricole pour le développement rural :

Le portrait des agricultrices

wallonnes en 2014

Comprendre les besoins des agricultrices

afin de leur apporter un soutien adapté

(2)

!

"#$%&'%(&)"!*+,%(

&

!-./0&102&3-456702&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9

&

$5240&102&4-./0-:;&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<

&

$5240&102&=5>:702&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?

&

9

&

^LJŶƚŚğƐĞĚĞƐƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@

&

A

&

*B47C1:D45CB&04&3E4FC1C/C>50&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9G

&

A89

&

*B47C1:D45CB&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9G

&

A8A

&

KďũĞĐƚŝĨƐĚĞů͛ĠƚƵĚĞ&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&99

&

A8<

&

)E4FC1C/C>50&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&99

&

A8<89

&

%DF-B45//CBB->0&-:&205B&10&/-&HCH:/-45CBID5./0&8888888888888888888888888888888888888888888888888888888888888888888888888888888&99

&

A8<8A

&

ŽŶĐĞƉƚŝŽŶĚƵƋƵĞƐƚŝŽŶŶĂŝƌĞĚ͛ĞŶƋƵġƚĞ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9<

&

A8<8<

&

ĚŵŝŶŝƐƚƌĂƚŝŽŶĚĞů͛ĞŶƋƵġƚĞ&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9J

&

A8<8?

&

ŶĂůLJƐĞĚĞƐƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9@

&

<

&

KC40&2:7&/02&24-4:42&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9L

&

<89

&

*B47C1:D45CB&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9L

&

<8A

&

#70=&F524C75M:0&1:&24-4:4&10&DCBNC5B4&-51-B4&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9L

&

<8<

&

O75BD5H-:;&24-4:42&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9P

&

?

&

ZĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AG

&

?89

&

KC40&2:7&/02&5DQB02&:4ŝůŝƐĠĞƐĚĂŶƐů͛ĂŶĂůLJƐĞĚĞƐƌĠƐƵůƚĂƚƐ&88888888888888888888888888888888888888888888888888888888888888888888&AG

&

?8A

&

$535402&04&DCB47-5B402&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AG

&

?8<

&

ĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞů͛ĠĐŚĂŶƚŝůůŽŶ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&A9

&

?8<89

&

OC747-54&102&->75D:/475D02&R9S&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AJ

&

?8<8989

&

O-7DC:72&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AJ

&

?8<898A

&

(4-4:4&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<G

&

?8<898<

&

>ĂƉƌĂƚŝƋƵĞĚ͛ƵŶĂƵƚƌĞŵĠƚŝĞƌ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<9

&

?8<8A

&

ĂƌĂĐƚĠƌŝƐĞƌůĞŵĠƚŝĞƌĚ͛ĂŐƌŝĐƵůƚƌŝĐĞ;ϮͿ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<<

&

?8<8A89

&

'5T525CB&102&4UDF02&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<<

&

?8<8A8A

&

$0&403H2&/5.70&04&/02&-D45T54E2&BCB&7E3:BE7-475D02&8888888888888888888888888888888888888888888888888888888888888888&<P

&

?8<8A8<

&

>ĞƐĚĠĨŝƐĚƵŵĠƚŝĞƌĚ͛ĂŐƌŝĐƵůƚƌŝĐĞ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?9

&

?8<8A8?

&

$0&20B4530B4&10&70DCBB-522-BD0&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?<

&

?8<8A8J

&

V0245CB&1:&247022&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?J

&

?8<8<

&

ĂƌĂĐƚĠƌŝƐĞƌů͛ĞdžƉůŽ54-45CB&2:7&/-M:0//0&0//02&47-T-5//0B4&R<S&8888888888888888888888888888888888888888888888888888888888888&?@

&

?8<8<89

&

^ƚĂƚƵƚĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?@

&

?8<8<8A

&

"D45T54E2&1C35B-B402&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?@

&

(3)

A! !-./0&102&3-456702&X&Y$>&

?8<8<8?

&

$0&D-2&102&0;H/C54-45CB2&7E:B522-B4&H/:250:72&>EBE7-45CB2&88888888888888888888888888888888888888888888888888888&?Z

&

?8<8<8J

&

>͛ĂǀĞŶŝƌĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&J9

&

?8<8<8@

&

ZĞǀĞŶƵƐĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&J@

&

?8<8?

&

'E40735B07&/02&.02C5B2&102&->75D:/475D02&0B&/50B&-T0D&/0:7&3E4507&R?S&88888888888888888888888888888888888888888888&JZ

&

?8<8J

&

ĠƚĞƌŵŝŶĞƌůĞŶŝǀĞĂƵĚ͛ŝŶĨŽƌŵĂƚŝŽŶĚĞƐĂŐƌ5D:/475D02&RJS&888888888888888888888888888888888888888888888888888888888888888&@A

&

?8<8J89

&

[C73-45CB&DCB45B:0&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@A

&

?8<8J8A

&

ƋƵŝĚĞŵĂŶĚĞƌĚĞů͛ĂŝĚĞ&W&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@<

&

?8<8J8<

&

$02&->75D:/475D02&47C:T0B4IĞůůĞƐĂŝƐĠŵĞŶƚů͛ŝŶĨŽƌŵĂƚŝŽŶƋƵ͛ĞůůĞƐƌĞĐŚĞƌĐŚĞŶƚ&W&88888888888888888888&@P

&

?8<8J8?

&

$02& ->75D:/475D02& 2CB4IĞůůĞƐ ƐĞŶƐŝďůĞƐ ĂƵdž ŶŽƵǀĞůůĞƐ ƚĞĐŚŶŽůŽŐŝĞƐ ĚĞ ů͛ŝŶĨŽƌŵĂƚŝŽŶ Ğƚ ĚĞ ůĂ DC33:B5D-45CB&W&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@P

&

J

&

WŝƐƚĞƐĚ͛ĂĐƚŝŽŶĞƚƌĞĐŽŵŵĂŶĚĂƚŝŽŶƐ&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LG

&

J89

&

>ĞďĞƐŽŝŶ͛/E&KZDd*\K(&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LG

&

J8A

&

ũƵƐƚĞŵĞŶƚĚĞƐĐĂŶĂƵdžĚ͛ŝŶĨŽƌŵĂƚŝŽŶ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LG

&

J8<

&

$02&=C73-45CB2&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&L9

&

J8?

&

]F-B>07&/02&30B4-/54E2&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&L9

&

J8J

&

\7>-B02&10&2C:450B&0ƚĚ͛ĂĐĐŽŵƉĂŐŶĞŵĞŶƚăƌĞŶĨŽƌĐĞƌ&8888888888888888888888888888888888888888888888888888888888888888888888&LA

&

J8@

&

ƌĠĂƚŝŽŶĚ͛ƵŶŽƵƚŝůĚ͛ŝŶĨŽƌŵĂƚŝŽŶĐĞŶƚƌĂůŝƐĠ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&L<

&

@

&

]CBD/:25CB&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&L?

&

L

&

$5240&102&C:T7->02&DCB2:/4E2&ʹ&#5./5C>7-HF50&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&L?

&

P

&

"BB0;02&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LL

&

P89

&

"BB0;0&9&͗ŝĨĨŝĐƵůƚĠƐƌĞŶĐŽŶƚƌĠĞƐůŽƌƐĚĞůĂĐŽŶƐƚŝƚƵƚŝŽŶĚĞů͛ĠĐŚĂŶƚŝůůŽŶ&88888888888888888888888888888888888888888&LL

&

O7C./630&/5B>:5245M:0&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LL

&

,E20-:;&2HED5=5M:02&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LL

&

(:770H7E20B4-45CB&102&3C5B2&10&<J&-B2&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LL

&

]CBD0B47-45CB&102&0BM:^402&1-B2&9G&DC33:B02&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LP

&

(:770H7E20B4-45CB& 102& 0;H/C54-45CB2& _&35;402&`& 04& 2C:2I70H7E20B4-45CB& 102& 0;H/C54-45CB2& _&>7-B102& D:/4:702&`&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LP

&

P8A

&

"BB0;0&A&a&$5240&102&25402&b0.&DCB2:ůƚĠƐƉĂƌĐŽŵŵƵŶĞƉŽƵƌĠƚĂďůŝƌůĂůŝƐƚĞĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐ&8888888888888&P<

&

P8<

&

"BB0;0&<&a&c:0245CBB-570&4E/EHFCB5M:0&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&P?

&

P8?

&

"BB0;0&?&a&c:0245CBB-570&-HH7C=CB15&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&P@

&

(4)

<! $5240&102&4-./0-:;&X&Y$>&

$*(!%&'%(&!"#$%"Yd&

dĂďůĞĂƵ ϭ͗ ĂƌĂĐƚĠƌŝƐĂƚŝŽŶ ĚĞƐ ĐŽŵŵƵŶĞƐ ƐĠůĞĐƚŝŽŶŶĠĞƐ ĞŶ ĨŽŶĐƚŝŽŶ ĚĞƐ ĐƌŝƚğƌĞƐ Ě͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞ ƌĞƚĞŶƵƐ ͗ ŶŽŵďƌĞ Ě͛ĞdžƉůŽŝƚĂƚŝŽŶƐ ƚŽƚĂůĞƐ͕ ŶŽŵďƌĞ ƚŽƚĂů ĚĞ ĨĞŵŵĞƐ ĞdžƉůŽŝƚĂŶƚĞƐ Ğƚ ĐŽŶNC5B402& -51-B402e& H7CHC745CB& 10& ĨĞŵŵĞƐĞdžƉůŽŝƚĂŶƚĞƐ͕ƌĠŐŝŽŶĂŐƌŝĐŽůĞĞƚƉƌŽǀŝŶĐĞĞƚŶŽŵďƌĞŽďũĞĐƚŝĨĚ͛ĞŶƚƌĞƚŝĞŶƐƉĂƌĐŽŵŵƵŶĞ͘&88888888888888888888&9<

&

!-./0-:&Aa&(47:D4:70&1:&M:0245CBB-570&7E-/52E&0B&=CBD45CB&102&C.N0D45=2&2HED5=5M:02&888888888888888888888888888888888888888888&9?

&

dĂďůĞĂƵϯ͗KďũĞĐƚŝĨƐĚ͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞƉĂƌĐŽŵŵƵŶĞĞƚŶŽŵďƌĞĚ͛ĞŶƚƌĞƚŝĞŶƐĞĨĨĞĐƚŝǀĞŵĞŶƚƌĠĂůŝƐĠƐ͘&8888888888888&A9

&

dĂďůĞĂƵϰ͗EŽŵďƌĞĚ͛ĞŶƚƌĞƚŝĞŶƐŵĞŶĠƐƉĂƌnjŽŶĞĂŐƌŝĐŽůĞ͘&8888888888888888888888888888888888888888888888888888888888888888888888888888888888&A9

&

dĂďůĞĂƵϱ͗EŽŵďƌĞĚ͛ĞŶƚƌĞƚŝĞŶƐƌĠĂůŝƐĠƐƉĂƌƉƌŽǀŝŶĐĞ͘&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AA

&

!-./0-:&@&͗ZĠƉĂƌƚŝƚŝŽŶĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƐĞůŽŶĚĞƐĐůĂƐƐĞƐĚ͛ąŐĞ&8888888888888888888888888888888888888888888888888888888888888888888888888&AJ

&

!-./0-:& L&a& O75BD5H-/02& 7-52CB2& -T-BDE02& H-7& /02& ->75D:/475D02& HC:7& 0;H/5M:07& /0& DFC5;& 10& /0:7& 3E4507e& 20/CB& /-& ƐƉĠĐŝĂůŝƐĂƚŝŽŶĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AZ

&

!-./0-:&P&a&]CBB-522-BD0&102&24-4:42&10&DCBNC5B4&-51-B4&04&10&/-&DC454:/-754E&102&17C542&10&H7C1:D45CB&20/CB&/02& -D45T54E2&1C35B-B402&102&0;H/C54-45CB2&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<9

&

!-./0-:&Z&͗^ƚĂƚƵƚƐĚĞƐĨĞŵŵĞƐĞdžĞƌĕĂŶƚƵŶŵĠƚŝĞƌĞŶĚĞŚŽƌƐĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&888888888888888888888888888888888888888888888888&<A

&

!-./0-:&9G&a&O75BD5H-/02&D-:202&10&247022&ůŽƌƐĚĞů͛ĠƚƵĚĞƌĠĂůŝƐĠĞĞŶϮϬϬϰ;ƚƵĚĞƐƵƌůĞƉƌŽĨŝůĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĞƚ /0:7& 53H/5D-45CB& 1-B2& /02& 0;H/C54-45CB2& ->75DC/02& 0B& ,E>5CB& b-//CBB0S& 04& H75BD5H-/02& D-:202& 10& 247022& 70/0TE02& /C72&10&/-&H7E20B40&E4:108&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?J

&

!-./0-:&99&a&[C730&N:7515M:0&102&0;H/C54-45CB2&2CB1E0288888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?@

&

!-./0-:&9A&a&*3H/5D-45CB&102&0;H/C54-45CB2&2CB1E02&1-B2&15==E70B402&247:D4:702&DCCHE7-45T02&888888888888888888888888888&?@

&

!-./0-:&9<&a&KCŵďƌĞĚĞďŽǀŝŶƐŵŽLJĞŶƐĞůŽŶů͛ŽƌŝĞŶƚĂƚŝŽŶĚĞƐĞdžƉůŽŝƚĂƚŝŽŶƐƐƉĠĐŝĂůŝƐĠĞƐĞŶĠůĞǀĂŐĞďŽǀŝŶ888888&?L

&

!-./0-:&9?&͗EŽŵďƌĞĚĞďŽǀŝŶƐŵŽLJĞŶƐĞůŽŶů͛ŽƌŝĞŶƚĂƚŝŽŶĚĞƐĞdžƉůŽŝƚĂƚŝŽŶƐƐƉĠĐŝĂůŝƐĠĞƐͨ&35;402&`&8888888888888888&?L

&

!-./0-:&9J&a&"D45T54E2&C:&4fH02&10&H7C1:D45CB&H7-45M:E2&-:&205B&102&0;H/C54-45CB2&2CB1E02&8888888888888888888888888888888&?P

&

!-./0-:& 9@&a& O75BD5H-:;& -T-B4->02& 04& 1E2-T-B4->02& D54E2& H-7& /02& ->75D:/475D02& 70/-45=2& g& /-& DCF-.54-45CB& 10& ƉůƵƐŝĞƵƌƐŐĠŶĠƌĂƚŝŽŶƐƐƵƌƵŶĞŵġŵĞĞdžƉůŽŝƚĂƚŝŽŶ͕ƉĂƌŽƌĚƌĞĚĠĐƌŽŝƐƐĂŶƚĚ͛ŽĐĐƵƌƌĞŶĐĞƐ͘&8888888888888888888888888888888888&?Z

&

!-./0-:&9L&a&]C3H-7-52CB&102&7EHCB202&g&/-&M:0245CB&_&-T0hITC:2&:B&2:DD0220:7&`&1:&7-HHC74&]70/-B&AG9?e&-T0D& /02&7EHCB202&g&/-&M:0245CB&_&ƵŶĞƌĞƉƌŝƐĞĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶĞƐƚI0//0&H7ET:0&W&`&88888888888888888888888888888888888888888888888888888&J9

&

!-./0-:& 9P&͗ DĂŶŝğƌĞ ĚŽŶƚ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ĚĠĐůĂƌĞŶƚ ůĞƵƌ ƌĞǀĞŶƵ ĨŝƐĐĂůĞŵĞŶƚ ƐĞůŽŶ ů͛ĂĐƚŝǀŝƚĠ ƉƌŝŶĐŝƉĂůĞ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&JP

&

dĂďůĞĂƵϭϵ͗ŽŵƉůĠŵĞŶƚƐĚ͛ŝŶĨŽƌŵĂƚŝŽŶƐC//5D54E2&-:H762&10&9A&->75D:/475D02&DCBD07B-B4&/02&-D45T54E2&H75BD5H-/02& 10&/0:7&0;H/C54-45CB8&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&LZ

&

!-./0-:&ϮϬ͗ĠƚĂŝůĚƵŶŽŵďƌĞƚŚĠŽƌŝƋƵĞĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐăƐŽŶĚĞƌƉĂƌKdĞƚŶŽŵďƌĞĞĨĨĞĐƚŝĨĚ͛ĞŶƚƌĞƚŝĞŶƐƉĂƌ \!%&1ED/-7-45T0e&H-7&DC33:B08&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&PG

&

&

&

&

(5)

?! $5240&102&=5>:702&X&Y$>&

$*(!%&'%(&[*VY,%(&

[5>:70&9a&$CD-/52-45CB&102&DC33:B02&2E/0D45CBBE028&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&9A

&

[5>:70&Aa&R9S&i>0&102&->75D:/475D02&5B4077C>E02͘;ϮͿąŐĞĚƵĐŚĞĨĚ͛ĞdžƉůŽŝƚĂƚŝŽŶĚĂŶƐůĞƐϭϬĐŽŵŵƵŶĞƐ&R<S&U>0&1:& ĐŚĞĨĚ͛ĞdžƉůŽŝƚĂƚŝŽŶĞŶtĂůůŽŶŝĞ&&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AA

&

[5>:70& <a& ,EH-74545ŽŶ ĚĞƐ ĞdžƉůŽŝƚĂƚŝŽŶƐ ƐĞůŽŶ ůĞƐ ĂĐƚŝǀŝƚĠƐ ĚŽŵŝŶĂŶƚĞƐ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ ƚĞůůĞƐ ƋƵ͛ĞůůĞƐ ƐŽŶƚ H07j:02&H-7&/02&->75D:/475D02&&&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&A<

&

[5>:70& ?a& R9S& ,EH-74545CB& 102& ->75D:/475D02& 20/CB& /0:7& 24-4:4e& RAS& ,EH-74545CB& 102& ->75D:/475D02& 20/CB& /0:7& 24-4:4e& 1-B2&/02&9G&DC33:B02&2CB1E02e&R<S&,EH-74545CB&102&->75D:/475D02&20/CB&/0:7&20/CB&/0:7&24-4:4e&0B&k-//CB50&888888&A?

&

[5>:70& Ja& R9S& ,EH-74545CB& 102& 0;H/C54-45CB2& Cl& 102& ->75D:/475D02& CB4& E4E& 5B4077C>E02e& 20/CB& /0:7& 4-5//0& RmSe& RAS& ,EH-74545CB& 102& 0;H/C54-45CB2e& 20/CB& /0:7& 4-5//0& 1-B2& /02& 9G& DC33:B02& 2CB1E02e& 0B& AG9Ge& & R<S& ,EH-74545CB& 102& 0;H/C54-45CB2e& 20/CB& /0:7& 4-5//0& 0B& k-//CB50& 0B& AG9Ge& R?S& ,EH-74545CB& 102& 0;H/C54-45CB2e& 20/CB& /0:7& 4-5//0& 0B& k-//CB50&0B&AG9A&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&AJ

&

[5>:70&@a&i>0&1:&DF0=&1n0;H/C54-45CB&0B&k-//CB50&&R9S&04&1-B2&/02&9G&DC33:B02&&RAS&8888888888888888888888888888888888888888888&A@

&

[5>:70& L&͗ EŽŵďƌĞ Ě͛ĂŶŶĠĞƐ ĚĞƉƵŝƐ ůĞƋƵĞů ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ƐŽŶƚ ŝŶƐƚĂůůĠĞƐ ƐƵƌ ůĞƵƌ ĞdžƉůŽŝƚĂƚŝŽŶ&&&&&&&&&&&&&&&&&&&&&&& [5>:70&P&a&O7CHC745CB&1ĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĂLJĂŶƚĞdžĞƌĐĠƵŶĂƵƚƌĞŵĠƚŝĞƌĂǀĂŶƚĚĞƐ͛ĠƚĂďůŝƌƐƵƌůĞƵƌĞdžƉůŽŝƚĂƚŝŽŶ&8888&A@

&

[5>:70& Z&a& (0D40:7& 1-B2& /02M:0/2& /02& ->75D:/475D02& 5B4077C>E02& CB4& 47-T-5//E& -T-B4& 10& 47-T-5//07& -:& 205B& 10& /0:7& 0;H/C54-45CB&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&A@

&

[5>:70&9G&a&%B205>B030B4&2:5T5&H-7&/02&->75D:/475D02&5B4077C>E02&88888888888888888888888888888888888888888888888888888888888888888888888888&AL

&

[5>:70&99&͗WƌŽƉŽƌƚŝŽŶĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐĂLJĂŶƚŽďƚĞŶƵƵŶĚŝƉůƀŵĞĞŶůŝĞŶĂǀĞĐů͛ĂŐƌŝĐƵůƚƵƌĞ&8888888888888888888888888888888888&AL

&

[5>:70&9A&͗ŽŵĂŝŶĞĚ͛ĠƚƵĚĞĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƐĞůŽŶůĞŶŝǀĞĂƵĚĞů͛ĞŶƐĞŝŐŶĞŵĞŶƚƐƵŝǀŝ&88888888888888888888888888888888888888&AP

&

[5>:70&9<&͗>ŝĞŶƐƋƵ͛ĞŶƚƌĞƚŝĞŶŶĞŶƚůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĂǀĞĐů͛ĞdžƉůŽŝƚĂŶƚ&8888888888888888888888888888888888888888888888888888888888888888888&AZ

&

[5>:70&9?&a&,-52CB2&HC:7&/02M:0//02&/02&->75D:/475D02&CB4&DFC525&/0:7&3E4507&8888888888888888888888888888888888888888888888888888888888&AZ

&

[5>:70&9J&a&O7CHC745CB&102&->75D:/475D02&E4-B4&DC454:/-5702&102&17C542&10&H7C1:D45CB&8888888888888888888888888888888888888888888&<G

&

[5>:70&9@&a&(4-4:4&102&->75D:/475D02&5B4077CE02&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<G

&

[5>:70&9L&͗ZĂŝƐŽŶƐƉŽƵƌůĞƐƋƵĞůůĞƐůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĞdžĞƌĕĞŶƚƵŶŵĠƚŝĞƌĞŶĚĞŚŽƌƐĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&88888888888888888&<A

&

[5>:70&9P&͗ŝǀŝƐŝŽŶĚĞƐƚąĐŚĞƐ͕ĞŶƚƌĞŚŽŵŵĞƐĞƚĨĞŵŵĞƐ͕ĂƵƐĞŝŶĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ&888888888888888888888888888888888888888888&<J

&

[5>:70&9Z&a&[7EM:0BD0&g&/-M:0//0&/02&->75D:/475D02&H70BB0B4&1:&403H2&HC:7&7E-/5207&102&-D45T54E2&M:5&B0&2CB4&H-2& 0B&/50B&-T0D&/0&3E4507&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&<Z

&

[5>:70&AG&͗DĂŶŝğƌĞĚŽŶƚĞƐƚŐĠƌĠĞů͛ĞdžƉůŽŝƚĂƚŝŽŶƐŝů͛ĂŐƌŝĐƵůƚƌŝĐĞƉƌĞŶĚĚĞƐǀĂĐĂŶĐĞƐ&8888888888888888888888888888888888888888&?G

&

[5>:70&A9&a&K5T0-:&10&2-452=-D45CB&102&->75D:/475D02&DCBD07B-B4&/0&403H2&/5.70&1CB4&0//02&152HC20B4&8888888888888888888&?G

&

[5>:70&AA&͗EŝǀĞĂƵĚĞƐĂƚŝƐĨĂĐƚŝŽŶĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƋƵĂŶƚăů͛ŝŵƉůŝĐĂƚŝŽŶĚĞůĞƵƌŵĂƌŝĚĂŶƐůĂǀŝĞĚĞĨĂŵŝůůĞ&88888&?G

&

[5>:70&A<&͗>ĞƐĚĠĨŝƐĚƵŵĠƚŝĞƌĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐĞůŽŶůĞƐĨĞŵŵĞƐŝŶƚĞƌƌŽŐĠĞƐ&88888888888888888888888888888888888888888888888888888888&?9

&

[5>:70&A?&a&(0B4530B4&10&70DCBB-522-BD0&102&->75D:/475D02&T52IgIT52&10&15==E70B42&-D40:72&8888888888888888888888888888888888&?J

&

[5>:70&AJ&͗WƌŽƉŽƌƚŝŽŶĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐƌĞƉƌŝƐĞƐĞƚĐƌĠĠĞƐĚĂŶƐů͛ĠĐŚĂŶƚŝůůŽŶ&8888888888888888888888888888888888888888888888888888888&?P

&

[5>:70&A@&a&O7CT0B-BD0&102&0;H/C54-45CB2&70H75202&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&?P

&

[5>:70&AL&a&KC3.70&10&>EBE7-45CB2&1-B2&/02&0;H/C54-45CB2&2CB1E02&88888888888888888888888888888888888888888888888888888888888888888888&JG

&

[5>:70&AP&a&(0B4530B4&102&->75D:/475D02&M:-B4&g&/-&7EH-74545CB&102&4UDF02&0B470&/02&>EBE7-45CB2&8888888888888888888888888&JG

&

&ŝŐƵƌĞϮϵ͗EŽŵďƌĞĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐƉŽƵƌůĞƐƋƵĞůůĞƐƵŶĞƌĞƉƌŝƐĞĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶĞƐƚƉƌĠǀƵĞ͕ƐĞůŽŶůĂĐůĂƐƐĞĚ͛ąŐĞ g&&/-M:0//0&0//02&-HH-7450BB0B4&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&JA

&

[5>:70&<G&͗^ŽƵŚĂŝƚĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĐŽŶĐĞƌŶĠĞƐ͕ĚĞƚƌĂŶƐŵĞƚƚƌĞů͛ĞdžƉůŽŝƚĂƚŝŽŶăƵŶĚĞůĞƵƌƐĞŶĨĂŶƚƐ&888888888888888&JA

&

[5>:70&<9&a&O7CHC745CB&102&->75D:/475D02&DCBD07BE02e&2C:F-54-B4&47-B2304470&/0:7&0;H/C54-45CB&g&/0:72&=5//02&888888&J?

&

[5>:70&<A&a&*B40B45CB&10&H-745D5H07&-:&H7CD022:2&10&47-B235225CB&888888888888888888888888888888888888888888888888888888888888888888888888&J?

&

[5>:70&<<&͗dLJƉĞƐĚ͛ŝŶŶŽǀ-45CB2&0BT52->E2&H-7&/02&->75D:/475D02&8888888888888888888888888888888888888888888888888888888888888888888888888888&JJ

&

[5>:70&<?&͗ǀŝƐĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĐŽŶĐĞƌŶĂŶƚĚĞƐƋƵĞƐƚŝŽŶƐĚ͛ŽƌĚ70&=5B-BD507&88888888888888888888888888888888888888888888888888888&JL

&

[5>:70&<J&͗DĂŶŝğƌĞĚŽŶƚůĞƌĞǀĞŶƵĞƐƚĨŝƐĐĂůĞŵĞŶƚĚĠĐůĂƌĠĚĂŶƐů͛ĠĐŚĂŶƚŝůůŽŶ&888888888888888888888888888888888888888888888888888&JP

&

[5>:70& <@&͗ WƌŽƉŽƌƚŝŽŶ Ě͛ĂŐƌŝĐƵůƚƌŝĐĞƐ ƋƵŝ ƐĞ ǀŽŝĞŶƚ ĂƚƚƌŝďƵĞƌ ƵŶ ƐĂůĂŝƌĞ ƉŽƵƌ ůĞƐ ƚąĐŚĞƐ ĞĨĨĞĐƚƵĠĞƐ ĂƵ ƐĞŝŶ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&JP

&

(6)

J! $5240&102&=5>:702&X&Y$>& [5>:70&<L&͗ZĂŝƐŽŶƐŝŶǀŽƋƵĠĞƐƉĂƌůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐŶ͛ĂLJĂŶƚƉĂƐƐƵŝǀŝĚĞĨŽƌŵĂƚŝŽŶĂƵĐŽƵƌƐĚĞƐĐŝŶƋĚĞƌŶŝğƌĞƐ -BBE02&8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@A

&

[5>:70&<P&a&(-452=-D45CB&102&->75D:/475D02&DCBD07B-B4&/0&2C:450B&152HCB5./0&1-B2&15==E70B402&D57DCB24-BD02&88888888&@<

&

[5>:70& <Z&͗ WĞƌƐŽŶŶĞƐ ă ƋƵŝ Ɛ͛ĂĚƌĞƐƐĞŶƚ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ƉŽƵƌ ƌĞĐĞǀŽŝƌ ĚĞ ů͛ĂŝĚĞ Ğƚ ĚĞƐ ŝŶĨŽƌŵĂƚŝŽŶƐ ƉŽƵƌ ůĂ >0245CB&-135B5247-45T0&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@J

&

[5>:70& ?G&͗ WĞƌƐŽŶŶĞƐ ă ƋƵŝ Ɛ͛ĂĚƌĞƐƐĞŶƚ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ƉŽƵƌ ƌĞĐĞǀŽŝƌ ĚĞ ů͛ŝŶĨŽƌŵĂƚŝŽŶ ƐƵƌ ůĞƐ ƐƚĂƚƵƚƐ Ğƚ ůĞƐ 17C542&2CD5-:;&88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@J

&

[5>:70&?9&͗WĞƌƐŽŶŶĞƐăƋƵŝƐ͛ĂĚƌĞƐƐĞŶƚůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƉŽƵƌĚĞŵĂŶĚĞƌĚĞů͛ĂŝĚĞĞŶĐĂƐĚĞƉƌŽďůğŵĞƉĞƌƐŽŶŶĞů &888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@@

&

[5>:70& ?A&͗ WĞƌƐŽŶŶĞƐ ă ƋƵŝ Ɛ͛ĂĚƌĞƐƐĞŶƚ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ƉŽƵƌ ƌĞĐĞǀŽŝƌ ĚĞ ů͛ĂŝĚĞ Ğƚ ĚĞ ů͛ŝŶĨŽƌŵĂƚŝŽŶ ƉŽƵƌ ůĞ H7CD022:2&10&47-B235225CB&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@L

&

[5>:70& ?<&͗ WĞƌƐŽŶŶĞƐ ă ƋƵŝ Ɛ͛ĂĚƌĞƐƐĞŶƚ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ƉŽƵƌ ƌĞĐĞǀŽŝƌ ĚĞ ů͛ĂŝĚĞ Ğƚ ĚĞ ů͛ŝB=C73-45CB& HC:7& /-& >0245CB&1:&H072CBB0/888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&@L

&

&ŝŐƵƌĞ ϰϰ ͗ EŽŵďƌĞ ƚŚĠŽƌŝƋƵĞ Ě͛ĞdžƉůŽŝƚĂƚŝŽŶƐ ă ƐŽŶĚĞƌ ƉĂƌ Kd ;ďĂƚŽŶŶġƚƐ ǀĞƌƚƐͿ Ğƚ ŶŽŵďƌĞ ĞĨĨĞĐƚŝĨ Ě͛ĞB470450B2&H-7&\!%&1ED/-7-45T08&&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&PG

&

[5>:70& ?Ja& ,EH-74545CB& 102& 0;H/C54-45CB2& 20/CB& /02& H75BD5H-/02& \!%& 0B& k-//CB50& R9S& 04& 1-B2& /02& 9G& DC33:B02& 2E/0D45CBBE02&RAS&888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888&P9

&

[5>:70&?@a&,EH-74545CB&102&0;H/C54-45CB2&20/CB&/02&\!%&1ED/-7-45T02&1-B2&/02&9G&DC33:B02&2E/0D45CBBE02&88888888&P9

&

&

(7)

@! (fB4F620&102&ƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&X&Y$>&

9 (oK!p+(%&'%(&,q(Y$!"!(&'%&$͛%KcYr!%&&

$͛C.N0D45=&10&/-&H7E20B40&E4:10&E4-54&10&DC3H70B170&/02&H7ECDD:H-45CB2&-D4:0//02&102&->75D:/475D02&-=5B&10&/0:7& -HHC7407&:B&2C:450B& -1-H4E8&]04& C.N0D45=&-& E4E&1ED/5BE&0B&D5BM&2C:2IC.N0D45=2&M:5&2CB4&a&1E40735B07&/0&HC747-54& ĚĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ͕ ĐĂƌĂĐƚĠƌŝƐĞƌ ůĞƵƌ ŵĠƚŝĞƌ͕ ĐĂƌĂĐƚĠƌŝƐĞƌ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ ƐƵƌ ůĂƋƵĞůůĞ ĞůůĞƐ ƚƌĂǀĂŝůůĞŶƚ͕ ĚĠƚĞƌŵŝŶĞƌ /0:72&.ĞƐŽŝŶƐĞŶůŝĞŶĂǀĞĐůĞƵƌŵĠƚŝĞƌĞƚĚĠƚĞƌŵŝŶĞƌůĞƵƌŶŝǀĞĂƵĚ͛ŝŶĨŽƌŵĂƚŝŽŶ͘&

ŶĐĞƋƵŝĐŽŶĐĞƌŶĞůĞƉŽƌƚƌĂŝƚĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐŝŶƚĞƌƌŽŐĠĞƐ͕ƵŶƉĞƵƉůƵƐĚ͛ƵŶƋƵĂƌƚŽŶƚƵŶĞŵƉůŽŝĞŶĚĞŚŽƌƐĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ Ğƚ ϵй ĚĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ŝŶƚĞƌƌŽŐĠĞƐ ĞdžĞƌĐĞŶƚ ƵŶ ĞŵƉůŽŝ ă ƚĞŵƉƐ ƉůĞŝŶ ă ů͛ĞdžƚĠƌŝĞƵƌ͘ >ĞƐ ĚĞƵdž ƌĂŝƐŽŶƐ ůĞƐ ƉůƵƐ ĐŝƚĠĞƐ ƉŽƵƌ ĞdžƉůŝƋƵĞƌ ůĞƐ ƌĂŝƐŽŶƐ Ě͛ĞdžĞƌĐĞƌ ĐĞ ŵĠƚŝĞƌ ĐŽŵƉůĠŵĞŶƚĂŝƌĞƐ ƐŽŶƚ&a& /-& BED02254E& 10& ĐŽŵƉůĠƚĞƌůĞƌĞǀĞŶƵĂĨŝŶĚĞŐĂƌĂŶƚŝƌƵŶĞĐĞƌƚĂŝŶĞƐĠĐƵƌŝƚĠĞƚƉĂƌůĞƐŽƵŚĂŝƚĚ͛ĞŶƚƌĞƚĞŶŝƌĚĞƐĐŽŶƚĂĐƚƐƐŽĐŝĂ:;8&& Ŷ ϮϬϬϰ ůĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ ĂǀĂŝĞŶƚ ĚĠĐůĂƌĠ ƉƌĠĨĠƌĞƌ ƚƌĂǀĂŝůůĞƌ ă ƚĞŵƉƐ ƉůĞŝŶ ƐƵƌ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ Ɛŝ ů͛ŽĐĐĂƐŝŽŶ ƐĞ H7E20B4-548&$C72&10&/-&H7E20B40&E4:10e&/-&3-NC754E&102&->75D:/475D02&CB4&154&B0&H-2&2C:F-5407&70T0B57&47-T-5//07&g& ƚĞŵƉƐ ƉůĞŝŶ ƐƵƌ ů͛ĞdžƉůŽŝ4-45CB& 25& D0//02IĐŝ ĞŶ ĂǀĂŝĞŶƚ ůĞ ĐŚŽŝdž͘  ů͛ĠƉŽƋƵĞ ůĂ ƉůƵƐ ŐƌĂŶĚĞ ƉĂƌƚŝĞ ĚĞƐ ĨĞŵŵĞƐ ƚƌĂǀĂŝůůĂŶƚăů͛ĞdžƚĠƌŝĞƵƌůĞĨĂŝƐĂŝĞŶƚĚŽŶĐƉĂƌŶĠĐĞƐƐŝƚĠ͕ůĞƵƌƐĂůĂŝƌĞĐŽŶƐƚŝƚƵĂŶƚƵŶĞƐŽƵƌD0&BCBIBE>/5>0-./0&10& 70T0B:28&"D4:0//030B4e&3^30&25&/0&70T0B:&DC3H/E30B4-570&2ĞƌĠǀğůĞŶĠĐĞƐƐĂŝƌĞĚĂŶƐůĂŵŽŝƚŝĠĚĞƐĐĂƐ͕Ě͛ĂƵƚƌĞƐ 3C45T-45CB2&2C:2IƚĞŶĚĞŶƚůĂƉŽƵƌƐƵŝƚĞĚĞĐĞƚƚĞĂĐƚŝǀŝƚĠƉƌŽĨĞƐƐŝŽŶŶĞůůĞĞŶĚĞŚŽƌƐĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ͘&

>Ă ĨŽƌŵĂƚŝŽŶ ĚĞ ďĂƐĞ ĚĞƐ ĂŐƌŝĐƵůƚƌŝĐĞƐ Ŷ͛ĞƐƚ  ƉĂƐ ƐŽƵǀĞŶƚ ĞŶ ůŝĞŶ ĂǀĞĐ ůĞ ŵŝůŝĞƵ ĂŐƌŝĐŽůĞ ;ĂǀĞĐ ƵŶĞ ĞdžD0H45CB& HC:7&/02&3C5B2&10&<J&-B2e&1CB4&JGm&CB4&2:5T5&102&E4:102&->75DC/02e&DCB470&9Pm&HC:7&/02&H/:2&10&<J&-B2S8&(:540&g& M:C5e& /-& 3-NC754E& 102& ->75D:/475D02& H-220& H-7& :B& 03H/C5& 2-/-75E& RLAmS& H0B1-B4& 0B& 3Cf0BB0& L89& -B2e& 04& 7E5B46>70B4& :B0&0;H/C54-45CB&H-7&/0&3-75->0&-T0D&:B&->75D:/40:7& R7-52CB&/-& H/:2&D54E0&H-7&/02&->75D:/475D02&HC:7& 0;H/5M:07&/0:7&0B47E0&1-B2&/-&H7C=0225CBS8&& >ĂƉůƵƉĂƌƚĚƵƚĞŵƉƐ͕ůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĐŽŶŶĂŝƐƐĞŶƚůĞƵƌƐƚĂƚƵƚŵĂŝƐŶ͛ŽŶƚƉĂƐƵŶĞĐŽŶŶĂŝƐƐĂŶĐĞĂƉƉƌŽĨŽŶĚŝĞĚĞ 202&53H/5D-45CB28&KE-B3CŝŶƐ͕ĂƵĐƵŶĞĐƌŝƚŝƋƵĞŶ͛ĂĠƚĠĨŽƌŵƵůĠĞƋƵĂŶƚăů͛ĠǀŽůƵƚŝŽŶĚĞƐƐƚĂƚƵƚƐĂLJĂŶƚĞƵůŝĞƵĂƵ ĐŽƵƌƐĚĞƐĚŝdžĚĞƌŶŝğƌĞƐĂŶŶĠĞƐ͕ĂƵĐŽŶƚƌĂŝƌĞ͕ƉůƵƐŝĞƵƌƐĂŐƌŝĐƵůƚƌŝĐĞƐŽŶƚůĂƐĞŶƐĂƚŝŽŶƋƵĞů͛ĠǀŽůƵƚŝŽŶĚĞƐƐƚĂƚƵƚƐ ĂĐŽŶƚƌŝďƵĠăĂŵĠůŝŽƌĞƌůĂƌĞĐŽŶŶĂŝƐƐĂŶĐĞƋƵ͛ŽŶůĞƵƌĂ4475.:0&HC:7&/0:7&47-T-5/8& ĂŶƐůĞƐĞdžƉůŽŝƚĂƚŝŽŶƐƐŽŶĚĠĞƐ͕ůĞŵĠƚŝĞƌĚ͛ĂŐƌŝĐƵůƚĞƵƌĞƚĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐĞĐĂƌĂĐƚĠƌŝƐĞŶƚƉĂƌƵŶĞĚŝǀŝƐŝŽŶ 15245BD40&102&4UDF02e&3^30&25&102&703H/-D030B42&H0:T0B4&^470&0BT52->E2&1-B2&D074-5B2&D-2e&C:&102&DC:H2&10& 3-5B&70B1:2&/C72M:0&D0/-&024&BED022-5708&O-7&DCB2EM:0B4e&DF-M:0&303.70&H-745D5H-B4&-:;&47-T-:;&10& ů͛ĞdžƉůŽŝƚĂƚŝŽŶƌĠĂůŝƐĞƐĞƐƉƌŽƉƌĞƐƚąĐŚĞƐŵĂŝƐƌĞƐƚĞăĚŝƐƉŽƐŝƚŝŽŶƉŽƵƌĚŽŶŶĞƌƵŶĐŽƵƉĚĞŵĂŝŶůŽƌƐƋƵĞĐĞůĂĞƐƚ ŶĠĐĞƐƐĂŝƌĞĞƚăĐŽŶĚŝƚŝŽŶƋƵ͛ŝůĚŝƐƉŽƐĞĚĞƐĐŽŵƉĠƚĞŶĐĞƐƐƵĨĨŝƐĂŶƚĞƐ͘hŶŶŽŵďƌĞŝŵƉŽƌƚĂŶƚĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐ ƉƌĠĐŝƐĞŶƚƋƵ͛ĞůůĞƐƐĞƐĞŶƚĞŶƚŝŶƚĞƌĐŚĂŶŐĞĂďůĞƐĂůŽƌƐƋƵ͛ĞůůĞƐŽŶƚůĞƐĞŶƚŝŵĞŶƚƋƵĞůĞƵƌŵĂƌŝŶĞů͛ĞƐƚƉĂƐ͘& %B&D0&M:5&DCBD07B0&/-&7EH-74545CB&102&4UDF02&20/CB&/0:7&B-4:70e&CB&-H07jC54&M:0&D0//0ID5&DC7702HCB1&0BDC70& >EBE7-/030B4&g&:B0&15T525CB&D/-225M:0&1:&47-T-5/&20/CB&20;0͘>ĞƐƉŽƐƚĞƐĚŽŶƚůĞƐĨĞŵŵĞƐƐ͛ŽĐĐƵƉĞŶƚ 3-NC754-57030B4&2CB4&a&/02&H-H5072e&/02&2C5B2&-:;&BC:T0-:IBE2e&/-&47-540&04&/02&70/-45CB2&-T0D&/0&DC3H4-./08&ZGm& 102&->75D:/475D02&H0B20B4&H-7&-5//0:72&-22:307&/-&3-NC754E&102&4UDF02&3EB->67028&)^30&25&D0&HFEBC36B0& ĚĠƉĂƐƐĞůĞŵŝůŝĞƵĂŐƌŝĐŽůĞ͕ƐĂŶƐĐŽŶƚĞƐƚĞ͕ů͛ĂƐƐŝŐŶĂƚŝŽŶĚĞƐĨĞŵŵĞƐĂƵƚƌĂǀĂŝůĚŽŵĞƐƚŝƋƵĞůŝŵŝƚĞůĞƵƌƚĞŵƉƐ 152HCB5./0&HC:7&/0&47-T-5/&->75DC/08&%4&25&/-&3-NC754E&102&->75D:/475D02&154&^470&0B&DŚĂƌŐĞĚƵŵĠŶĂŐĞ͕ĐĞŶ͛ĞƐƚƉĂƐ HC:7&-:4-B4&M:0&/02&3-752&2CB4&-.20B42&10&/-&2HF670&=-35/5-/0e&0B&0==04e&L<m&102&->75D:/475D02&20&20B40B4& ŐůŽďĂůĞŵĞŶƚƐĂƚŝƐĨĂŝƚĞƐĚĞů͛ŝŵƉůŝĐĂƚŝŽŶĚĞůĞƵƌŵĂƌŝĚĂŶƐůĂǀŝĞĚĞĨĂŵŝůůĞ͘>ĞƐĨĞŵŵĞƐƐŽŶƚŐĠŶĠƌĂůĞŵĞŶƚ 702HCB2-./02&10&/-&DF-7>0&-135B5247-45T0&3-52&H-7-1C;-/030B4e&D0&2CB4&2C:T0B4&/02&FC3302&M:5&20&70B10B4&-:;& ƌĠƵŶŝŽŶƐ͕ĂƵdžƐĠĂŶĐĞƐĚ͛ŝŶĨŽƌŵĂƚŝŽŶƐĞƚƋƵŝƐ͛ŝŵƉůŝƋƵĞŶƚĚĂŶƐůĞƐƌĠƐĞĂƵdžƉƌŽĨĞƐƐŝŽŶŶĞůƐ͘ĞƐƚąĐŚĞƐƐŽŶƚƉĂƌ -5//0:72&2C:T0B4&30B45CBBE02&DC330&:B0&2C:7D0&10&2470228&$-&47-540&04&/0&2C5B&-:;&BC:T0-:IBE2&70240B4&102& -D45T54E2&4762&2C:T0B4&-22:3E02&H-7&/02&=033028&$02&->75D:/475D02&N:245=50B4&D0440&-4475.:45CB&H-7&/0:72&M:-/54E2& 10&H-450BD0&04&10&1C:D0:7&-T0D&/02&-B53-:;8&O/:250:72&->75D:/475D02&=CB4&703-7M:07&M:0&/-&H/:H-74&10&D02&4UDF02& ƐŽŶƚƌĠĂůŝƐĠĞƐůŽŝŶĚĞƐƌĞŐĂƌĚƐĞƚĐŽŶƚƌŝďƵĞŶƚĚĞĐĞĨĂŝƚăů͛ŝŶǀŝƐŝďŝůŝƚĠĚĞůĞƵƌƚƌĂǀĂŝů͘>ĞƐĚĞƵdžĂĐƚŝǀŝƚĠƐůĞƐƉůƵƐ

(8)

L! ^LJŶƚŚğƐĞĚĞƐƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&X&Y$>& 2C:T0B4&7E-/52E02&H-7&102&FC3302&2CB4&/02&47-T-:;&0B&DF-3H2&0B&>EBE7-/&RPLmS&04&/-&DCB1:540&102&3-DF5B02& ->75DC/02&R1-B2&Z9m&102&D-2S8&]0H0B1-B4e&P9m&102&=03302&2-T0B4&DCB1:570&:B&47-D40:7e&3-52&20:/030B4&/-& ŵŽŝƚŝĠĚŝƚĂƉƉƌĠĐŝĞƌůĞĨĂŝƌĞ͘ĂŶƐůĞƐĞdžƉůŽŝƚĂƚŝŽŶƐƐƉĠĐŝĂůŝƐĠĞƐĞŶŐƌĂŶĚĞƐĐƵůƚƵƌĞƐ͕ĂƵĐƵŶĞĨĞŵŵĞŶ͛LJ H-745D5H08&c:0/M:02&=03302&EDF-HH0B4&4C:40=C52&g&D044ĞĚŝǀŝƐŝŽŶĐůĂƐƐŝƋƵĞĚƵƚƌĂǀĂŝů͕Đ͛ĞƐƚƉĂƌĞdžĞŵƉůĞůĞĐĂƐ Ě͛ƵŶĞŵĂƌĂŠĐŚğƌĞďŝŽ͘ĞůůĞIĐŝƚƌĂǀĂŝůůĞĂǀĞĐƵŶĂƐƐŽĐŝĠ͘>ƵŝƐ͛ŽĐĐƵƉĞƉůƵƚƀƚĚĞƚŽƵƚů͛ĂƐƉĞĐƚĂĚŵŝŶŝƐƚƌĂƚŝĨ͕ĚƵ ŵĂŐĂƐŝŶĞƚĚƵƐLJƐƚğŵĞĚĞƉĂŶŝĞƌƐĞƚĞůůĞƐ͛ŽĐĐƵƉĞƉůƵƚƀƚĚĞƚŽƵƐůĞƐƚƌĂǀĂƵdžĞŶĐŚĂŵƉƐ͛͘ĞƐƚĚ͛ĂŝůůĞƵƌƐůĂ D:/4:70&0B&0//0I3^30&04&/0&DCB4-D4&-T0D&/02&H/-B402&M:5&DCB2454:0&2-&H7035670&2C:7D0&10&H/-5257&1-B2&2CB&3E45078& WůƵƐŝĞƵƌƐĨĞŵŵĞƐƚƌŽƵǀĞŶƚƉĂƌĂŝůůĞƵƌƐƋƵĞůĞƐĂǀĂŶĐĠĞƐƚĞĐŚŶŽůŽŐŝƋƵĞƐŽŶƚƉůƵƐƉƌŽĨŝƚĠĂƵdžŚŽŵŵĞƐƋƵ͛ĂƵdž =03302e&E4-B4&1CBBE&M:0&/02&ETC/:45CB2&CB4&4C:DFE&10&3-B5670&H/:2&53HC74-B40&/02&47-T-:;&0B&DF-3H2&04&M:0& ůĞƐŚŽŵŵĞƐƐ͛ŽĐĐƵƉĞŶƚŵĂũŽƌŝƚĂŝƌĞŵĞŶƚĚĞĐĞƐƚƌĂǀĂƵdžI/ge&DC330&D0/-&-&H:&^470&DCB=573E&H-7&/02&7E2:/4-42&10& D0440&E4:108& (:7&/02&0;H/C54-45CB2&7E-/52-B4&H/:250:72&-ĐƚŝǀŝƚĠƐĞƚŽƶŝůLJĂĚĞů͛ĠůĞǀĂŐĞ͕ůĞƐĨĞŵŵĞƐƐĞŵďůĞŶƚƐŽƵǀĞŶƚƉůƵƐ -D45T02&04&H/:2&H7E20B402&04&7E-/520B4&>/C.-/030B4&H/:2&10&47-T-:;&3-B:0/2&M:0&1-B2&/02&0;H/C54-45CB2& 2HED5-/52E02&0B&>7-B102&D:/4:7028&& $0&DCB4-D4&-T0D&/02&.^402&024&:B0&102&2C:7D02&10&.CBF0:7&-:&47-T-5/&/-&H/:2&D54E0e&3-52&DCB2454:0& H-7-1C;-/030B4&E>-/030B4&:B0&2C:7D0&10&247022&Rg&D-:20&102&T^/->02&04&102&3-/-1502Se&:B0&0B47-T0&g&/0:7& /5.074E&04&:B&=-D40:7&DCB47-5>B-B4&1-B2&/-&>0245CB&10&/0:7&403H28&& ĞƌƚĂŝŶƐƚLJƉĞƐĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐƉĞƌŵĞƚƚĞŶƚĚ͛ĂƌƌġƚĞƌƐĂŶƐƚƌŽƉĚĞĐŽŶƚƌĂŝŶƚĞƐůĞƐĂĐƚŝǀŝƚĠƐĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ H0B1-B4&:B0&C:&10:;&203-5B02͕ăƵŶĞŽƵĚĞƵdžƌĞƉƌŝƐĞƐƉĂƌĂŶ͕Đ͛ĞƐƚůĞĐĂƐĚĞƐĞdžƉůŽŝƚĂƚŝŽŶƐƋƵŝĨŽŶƚĚĞ ů͛ĠůĞǀĂŐĞĚĞǀŽůĂŝůůĞƐŽƵĐĞůůĞƐƋƵŝĨŽŶƚƵŶŝƋƵĞŵĞŶƚĚĞƐĐƵůƚƵƌĞƐ͘ĂŶƐůĞƐĞdžƉůC54-45CB2&Cl&/02&-B53-:;& ŶĠĐĞƐƐŝƚĞŶƚƵŶƐŽŝŶĐŽŶƚŝŶƵƉĂƌĐŽŶƚƌĞ͕ƵŶĞĂďƐĞŶĐĞŶĞƐ͛ŝŵƉƌŽǀŝƐĞƉĂƐ͘ŶǀŝƌŽŶůĂŵŽŝƚŝĠĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐ ƉƌĞŶŶĞŶƚĚĞƐǀĂĐĂŶĐĞƐĞƚĞŶǀŝƌŽŶůĂŵŽŝƚŝĠĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƐ͛ĂĐĐŽƌĚĞŶƚĚĞƐŵŽŵĞŶƚƐƉŽƵƌƌĠĂůŝƐĞƌĚĞƐ -D45T54E2&M:5&B0&2CB4&H-2&0B&/50B&-T0D&/0:7&3E45078&$02&->75D:/475D02&H/:2&U>E02&H70BB0B4&H/:2&10&T-D-BD02&M:0& ůĞƵƌƐĐĂĚĞƚƚĞƐ͕ĐĞƋƵŝƐ͛ĞdžƉůŝƋƵĞĞŶƉĂƌƚŝĞƉĂƌůĂƉŽƐƐŝďŝůŝƚĠĚĞůĂŝƐƐĞƌƵŶĚĞůĞƵƌƐĞŶĨĂŶƚƐƐ͛ŽĐĐƵƉĞƌĚĞůĂĨĞƌŵĞ H0B1-B4&/0:7&-.20BD08&& $-&>0245CB&1:&403H2&024&H-7&-5//0:72&/0&H703507&1E=5&D54E&H-7&/02&->75D:/475D028&]0/:5ID5&2C:2I40B1&/02&0==C742&g& DCB20B457&HC:7&47C:T07&:B&EM:5/5.70&0B470&T50&10&=-35//0e&47-T-5/e&403H2&HC:7&2C5&04&DC:H/0&3-52&-:225&/0&1ED-/->0& H-7=C52&70220B45&T52IgIT52&10&/-&DF-7>0&FC7-570e&H-7&7-HHC74&-:&7024-B4&10&/-&2CD5E4E8& >͛ĞŵƉůŽŝĚƵƚĞŵƉƐƐƵƌĐŚĂƌŐĠĞƐƚĚ͛ĂŝůůĞƵƌƐůĞƉƌŝŶĐŝƉĂůĨƌĞŝŶƋƵĞůĞƐĂŐƌŝĐƵůƚƌŝĐĞƐŝĚĞŶƚŝĨŝĞŶƚƉŽƵƌůĞůĂŶĐĞŵĞŶƚ Ě͛ĂĐƚŝǀŝƚĠƐĚĞĚŝǀĞƌƐŝĨŝĐĂƚŝŽŶŽƵů͛ŝŶƚƌŽĚƵĐƚŝŽŶĚ͛ŝŶŶŽǀĂƚŝŽŶƐ͕ůĞƐĂƵƚƌĞƐƌĂŝƐŽŶƐĐŝƚĠĞƐƐŽŶƚůĂƌĠƚŝĐĞŶĐĞ1:&3-75& 04&/02&BC7302&04&/02&DCB47Q/02&47CH&/C:712&3-52&-:225&/02&5BD07454:102&=5B-BD567028& )^30&25&/02&->75D:/475D02&BC40B4&102&ETC/:45CB2&g&D0&B5T0-:I/g&04&M:0&/-&3-NC754E&R47C52&M:-742S&20&20B4&2-452=-540& ĚĞůĂƌĞĐŽŶŶĂŝƐƐĂŶĐĞƋƵ͛ŽŶůĞƵƌĂƚƚƌŝďƵĞƉŽƵƌůĞ&ƚƌĂǀĂŝůƋƵ͛ĞůůĞƐĞĨĨĞĐƚƵĞŶƚ͕ƵŶĐĞƌƚĂŝŶŶŽŵďƌĞĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐ HC5B40B4&0BDC70&M:0/M:02&D/5DFE2&M:5&H0725240B4&04&2C:F-5407-50B4&H-7=C52&70D0TC57&H/:2&10&70DCBB-522-BD0&HC:7& ĚĞƐƚąĐŚĞƐ͕ƚĞůůĞƐƋƵĞůĞŵĠŶĂŐĞĞƚůĞƐƚąĐŚĞƐĂĚŵŝŶŝƐƚƌĂƚŝǀĞƐ͘>͛ĂĐƚĞƵƌƋƵŝƐĞůŽB&/02&->75D:/475D02e&70DCBB-s4&/0& 3C5B2&/0:7&47-T-5/&024&/0&>7-B1&H:./5D&04&D0/-&2-B2&15245BD45CB&H-7&7-HHC74&-:&>0B708& >ĞƐ ĞdžƉůŽŝƚĂƚŝŽŶƐ ƐĞ ĐĂƌĂĐƚĠƌŝƐĞŶƚ ƉĂƌ ƵŶĞ ĨŽƌŵĞ ĚŽŵŝŶĂŶƚĞ Ě͛ŝŶƐƚĂůůĂƚŝŽŶ ƋƵŝ ƌĞƐƚĞ ĞŶĐŽƌĞ ĐĞůůĞ Ě͛ƵŶĞ 47-B235225CB& H7E=E70B450//0& g& :B& ŐĂƌĕŽŶ͘ ƵũŽƵƌĚ͛ŚƵŝ /-& HEB:750& 102& 2:DD0220:72& & .C:/0T0720& /02& 2DFE3-2& D/-225M:028&"5B25&/02&=5//02&H0:T0B4&2-5257&D0440&DF-BD0&25&0//02&/0&2C:F-540B48&O-7&-5//0:72&P<m&102&->75D:/475D02&10& H/:2& 10& ?@& -B2& 2CB4& HC40B450//030B4& 1E2570:202& 10& 47-B2304470& /0:7& 0;H/C54-45CB& R:B& H0:& H/:2& 10& /-& 3C545E& ƐŽƵŚĂŝƚĞŶƚůĂƚƌĂŶƐŵĞƚƚƌĞĞƚĞŶǀŝƌŽŶϯϬйĞƐƚŝŵĞŶƚƋƵĞůĂƋƵĞƐƚŝŽŶŶ͛ĞƐƚƉĂƐĞŶĐŽƌĞĚ͛ĂĐƚƵĂůŝƚĠͿ͘>ĂĐŽŶĚŝƚŝŽŶ ƉŽƵƌ ůĂ ŵĂũŽƌŝƚĠ Ě͛ĞŶƚƌĞ ĞůůĞƐ͕ ĞƐƚ ƋƵ͛ŝů Ɛ͛ĂŐŝƐƐĞ Ě͛ƵŶ ǀĠƌŝƚĂďůĞ ƐŽƵŚĂŝƚ ĚĞ ůĂ ƉĂƌƚ ĚĞ ůĞƵƌ ĞŶĨĂŶƚ͘ >ĞƐ Ě0:;& ƉƌŝŶĐŝƉĂƵdžĠůĠŵĞŶƚƐƋƵŝƌĞǀŝĞŶŶĞŶƚĚĂŶƐůĞƐƚĠŵŽŝŐŶĂŐĞƐĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐƋƵŝŶ͛ĞŶǀŝƐĂŐĞŶƚƉĂƐĚĞƚƌĂŶƐŵĞƚƚƌĞ

(9)

P! ^LJŶƚŚğƐĞĚĞƐƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&X&Y$>& ůĞƵƌĞdžƉůŽŝƚĂƚŝŽŶ;ϭϰйĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐŝŶƚĞƌƌŽŐĠĞƐͿ͕ƐŽŶƚůĂƉĞƌƚĞĚ͛ŝŶƚĠƌġƚƉŽƵƌůĞƵƌŵĠƚŝĞƌĞƚůĞĨĂŝƚĚĞŶĞƉĂƐ ƉŽƵǀŽŝƌĐŽŵƉƚĞƌƐƵƌů͛ĂŝĚĞŽƵůĞƐŽƵƚŝĞŶĚ͛ƵŶĐŽŶũŽŝŶƚŽƵĚ͛ƵŶƉĂƌƚĞŶĂŝƌĞ͘& >ĞƐƋƵĞƐƚŝŽŶƐĚ͛ŽƌĚƌĞĨŝŶĂŶĐŝĞƌŽŶƚƐƵƐĐŝƚĠů͛ŝŶƚĠƌġƚĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐ͕ƉŽƵƌůĞƐƋƵĞůůĞƐ͕ĚĂŶƐĚĞƵdžƚŝĞƌƐĚĞƐĐĂƐůĞƐ ƌĞǀĞŶƵƐƐĞŵďůĞŶƚƐƵĨĨŝƐĂŶƚƐƉŽƵƌĂƐƐƵƌĞƌůĞĚĠǀĞůŽƉƉĞŵĞŶƚĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶĞƚƉŽƵƌĐŽƵǀ757&/02&.02C5B2&10&/-& ĨĂŵŝůůĞ͘ >͛ĂĐƚŝǀŝƚĠ ĂŐƌŝĐŽůĞ ŶĠĐĞƐƐŝƚĂŶƚ ĚĞƐ ŝŶǀĞƐƚŝƐƐĞŵĞŶƚƐ ĐŽŶƚŝŶƵƐ͕ ů͛ĞdžĐĠĚĞŶƚ ĚĠŐĂŐĠ ĚĞƐ ĂĐƚŝǀŝƚĠƐ ĞƐƚ ƉƌŝŽƌŝƚĂŝƌĞŵĞŶƚƌĠŝŶũĞĐƚĠĚĂŶƐů͛ŽƵƚŝůĚĞƉƌŽĚƵĐƚŝŽŶƉůƵƚƀƚƋƵĞĚĂŶƐůĂĐŽŶƐƚŝƚƵƚŝŽŶĚ͛ƵŶĞĠƉĂƌŐŶĞ͘WĂƌĂŝůůĞƵƌƐ͕ B0:=&->75D:/4ƌŝĐĞƐƐƵƌĚŝdžƚƌŽƵǀĞŶƚůĞƵƌŶŝǀĞĂƵĚ͛ĞŶĚĞƚƚĞŵĞŶƚƐƵƌŵŽŶƚĂďůĞ͘ĂŶƐůĂŵĂũŽƌŝƚĠĚĞƐĞdžƉůŽŝƚĂƚŝŽŶƐ ůĞƐ ĨĞŵŵĞƐ ŶĞ ƉĞƌĕŽŝǀĞŶƚ ƉĂƐ ĚĞ ƐĂůĂŝƌĞ ƉŽƵƌ ůĞƐ ƚąĐŚĞƐ ƋƵ͛ĞůůĞƐ ĞĨĨĞĐƚƵĞŶƚ ĂƵ ƐĞŝŶ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ͕ ŵĂŝƐ 70DC:70B4&H/:4Q4&g&:B&2f24630&10&HC4&DC33:B8& YB&102&ŽďũĞĐƚŝĨƐĚĞů͛ĠƚƵĚĞĠƚĂŝƚĚĞĚĠƚĞƌŵŝŶĞƌůĞƐĚŝĨĨĠƌĞŶƚƐďĞƐŽŝŶƐĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĂĨŝŶĚĞůĞƵƌĂƉƉŽƌƚĞƌƵŶ ƐŽƵƚŝĞŶĂĚĂƉƚĠ͘>ĞƉƌĞŵŝĞƌďĞƐŽŝŶƋƵ͛ĞůůĞƐĐŝƚĞŶƚĚĞŵĂŶŝğƌĞďŝĞŶƉůƵƐŝŵƉŽƌƚĂŶƚĞƋƵĞĚ͛ĂƵƚƌĞƐĞƐƚĐĞůƵŝĚ͛ƵŶĞ 5B=C73-45CB& =5-./0e& DCFE70B40& 04& .50B& ǀƵůŐĂƌŝƐĠĞ͘ Ŷ ĞĨĨĞƚ͕ ďĞĂƵĐŽƵƉ Ě͛ĂŐƌŝĐƵůƚƌŝĐĞƐ ƐĞ ƐŽŶƚ ĚŝƚĞƐ ŝŶƐĂƚŝƐĨĂŝƚĞƐ ƋƵĂŶƚăůĂĨŝĂďŝůŝƚĠĚĞů͛ŝŶĨŽƌŵĂƚŝŽŶĞƚůĂŵĂŶŝğƌĞĚŽŶƚĞůůĞĞƐƚƌĞůĂLJĠĞĞƚƌĞŶĚƵĞƉƵďůŝƋƵĞĂĐƚƵĞůůĞŵĞŶƚ͘& $0& 20DCB1& .02C5B& /0& H/:2& D54E& H-7& /02& ->75D:/475D02& 5B4077C>E02& 024& D0/:5& ĚĞ ƉŽƵǀŽŝƌ ƐĞ ƌĞƚƌŽƵǀĞƌ ĂǀĞĐ Ě͛ĂƵƚƌĞƐ ĨĞŵŵĞƐĞƚ Ě͛ĠĐŚĂŶŐĞƌƐƵƌĚĞƐƚŚğŵĞƐƋƵŝůĞƐĐŽŶĐĞƌŶĞŶƚ Ğƚ ĐĞůĂ͕ă ĚĞƐŚŽƌĂŝƌĞƐĂƉƉƌŽƉƌŝĠƐ͘>ĞƐĂŐƌŝĐƵůƚƌŝĐĞƐ CB4&H-7&-5//0:72&=C73:/E&g&H/:250:72&70H75202&/0&2C:F-54&10&HC:TC57&-2252407&g&102&-40/5072&10245BE2&g&/0:7& =C:7B57& ĚĞƐŽƵƚŝůƐƉŽƵƌů͛ŽƌŐĂŶŝƐĂƚŝŽŶĚĞůĞƵƌƚƌĂǀĂŝů͕ƉŽƵƌĂŵĠůŝŽƌĞƌůĞƵƌŐĞƐƚŝŽŶĚƵƚĞŵƉƐĞƚƉŽƵƌŵŝĞƵdžƌĠƉŽŶĚƌĞĂƵdž ĚĞŵĂŶĚĞƐ ĚĞ ů͛ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ͘ >͛ĂĚŵŝŶŝƐƚƌĂƚŝŽŶ ĞŶ ŐĠŶĠƌĂů Ă ĐŽŶƐƚŝƚƵĠ ů͛ŽďũĞƚ ĚĞ ŶŽŵďƌĞƵƐĞƐ ƉůĂŝŶƚĞƐ ĚĞ ůĂ H-74& 102& ->75D:/475D02e& 1CB4& 0//02& -440B10B4& H/:2& 10& =/0;5.5/54Ee& :B& -//6>030B4& 10& /0:72& 103-B102& 04& :B0& ĚŝŵŝŶƵƚŝŽŶĚĞƐĞƌƌĞƵƌƐƋƵ͛ĞůůĞƐĐŽŵŵĞƚƚĞŶƚ͘&

$02& ->75D:/475D02& 2CB4& >EBE7-/030B4& 1E2570:202& 10& HC:TC57& DCB45B:07& g& 20& =C7307e& g& DCB1545CB& M:0& D02& ĨŽƌŵĂƚŝŽŶƐ ƉƵŝƐƐĞŶƚ Ɛ͛ŝŶƚĠŐƌĞƌ ĚĂŶ2& /0:7& 03H/C5& 1:& 403H28& $02& =C73-45CB2& HC:7& /02M:0//02& /02& ->75D:/475D02& ŵŽŶƚƌĞŶƚ ůĞ ƉůƵƐ Ě͛ŝŶƚĠƌġƚ ƐŽŶƚ ĐĞůůĞƐ ĚĞƐƚŝŶĠĞƐ ă ĚŝǀĞƌƐŝĨŝĞƌ ůĞƐ ĂĐƚŝǀŝƚĠƐ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ͕ ĐĞůůĞƐ ƋƵ͛ĞůůĞƐ ĐŽŶƐŝĚğƌĞŶƚĚ͛ŽƌĚƌĞƚĞĐŚŶŝƋƵĞ͕ƉŽƵƌƐĞƉĞƌĨĞĐƚŝŽŶŶĞƌĚĂŶƐƵŶĚĞůĞƵƌƐĚC3-5B02&10&H7C1:D45CB&04&D0//02&HC:7& ĂƉƉƌŽĨŽŶĚŝƌ ůĞƵƌƐ ĐŽŶŶĂŝƐƐĂŶĐĞƐ ĞŶ ŝŶĨŽƌŵĂƚŝƋƵĞ͘ ͛ĂƵƚƌĞƐ ƐŽƵŚĂŝƚƐ ĚĞ ĨŽƌŵĂƚŝŽŶƐ ĂLJĂŶƚ ĠƚĠ ĐŝƚĠƐ ƐŽŶƚ͕ ĚĞƐ ĨŽƌŵĂƚŝŽŶƐ ƉƌŽĨĞƐƐŝŽŶŶĂůŝƐĂŶƚĞƐ Ğƚ ĚĞƐƚŝŶĠĞƐ ă ĐŚĂŶŐĞƌ Ě͛ŽƌŝĞŶƚĂƚŝŽŶ ƉƌŽĨĞƐƐŝŽŶŶĞůůĞ Ğƚ ĚĞƐ ǀŝƐŝƚĞƐ ĚĂŶƐ Ě͛ĂƵƚƌĞƐĨĞƌŵĞƐƉŽƵƌƉƌŽĨŝƚĞƌĚĞů͛ĞdžƉĠƌŝĞŶĐĞĚ͛ĂƵƚƌĞƐĂŐƌŝĐƵůƚĞƵƌƐ͘&

c:-470& ->75D:/475D02& 2:7& D5BM& HC22610B4& :B& C:45/& 5B=C73-45M:0e& D0& M:5& 024& :B0& >7-B10& ETC/:45CB& H-7& 7-HHC74& g& ϮϬϬϰ͘ >͛ĠƚƵĚĞ ƌĠĂůŝƐĠĞ ĐĞƚƚĞ ĂŶŶĠĞI/g& -T-54& 352& 0B& ET510BD0& M:0& 7-702& E4-50B4& /02& 0;H/C54-45CB2& 1E40B-B4& :B& C715B-40:78& "D4:0//030B4& ?<m& 102& ->75D:/475D02& 5B4077C>E02& :45/520B4& 102& H7C>7-3302& 2HED5=5M:02& HC:7& /-& >0245CB&10&/0:7&0;H/C54-45CB8&&

hŶĞ ƋƵĞƐƚŝŽŶ ǀŝƐĂŝƚ ă ĐŽŶŶĂŠƚƌĞ ůĞ ŶŝǀĞĂƵ ĚĞ ƐĂƚŝƐĨĂĐƚŝŽŶ ĚĞ ů͛ĂŐƌŝĐƵůƚƌŝĐĞ ĞŶ ŵĂƚŝğƌĞ ĚĞ ƐŽƵƚŝĞŶ 04& Ě͛ĂĐĐŽŵƉĂŐŶĞŵĞŶƚ ĚĂŶƐĐŝŶƋĐŝƌĐŽŶƐƚĂŶĐĞƐĚŝĨĨĠƌĞŶƚĞƐ͕ăƐĂǀŽŝƌ&a&/-& >0245CB&1:&H072CBB0/e& /-&47-B235225CBe&/-& ŐĞƐƚŝŽŶĚĞƐƉƌŽďůğŵĞƐƉĞƌƐŽŶŶĞůƐ͕ůĞƐƐƚĂƚƵƚƐĞƚůĞƐĚƌŽŝƚƐƐŽĐŝĂƵdžĞƚůĂŐĞƐƚŝŽŶĂĚŵŝŶŝƐƚƌĂƚŝǀĞĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ͘ */&024&-HH-7:&1-B2&/02&7EHCB202&102&->75D:/475D02&M:0&D0//02ID5&20&20B40B4&>/C.-/030B4&2-452=-5402&1:&2C:450B&M:5& /0:7&024&H7CHC2E8&&YB&5B407/CD:40:7&4762&53HC74-B4&04&=7EM:0330B4&D54E&H-7&/02&->75D:/475D02&0B&D0&M:5&DCBD07B0& ůĞ ƐŽƵƚŝĞŶ Ğƚ ů͛ĂĐĐŽŵƉĂŐŶĞŵĞŶƚ ĚĂŶƐ ůĂ ŐĞƐƚŝŽŶ ĂĚŵŝŶŝƐƚƌĂƚŝǀĞ ĚĞ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ Ğƚ ůĞƐ ƐƚĂƚƵƚƐ Ğƚ ůĞƐ ĚƌŽŝƚƐ 2CD5-:;& 024& /0& DC3H4-./0e& D0& 40730& >EBE75M:0& :45/52E& H-7& /02& ->75D:/475D02& 70H70B1& /0& DCB205//07& 40DFB5DCI ĠĐŽŶŽŵŝƋƵĞ͕ůĞĐŽŵƉƚĂďůĞĞƚůĞďĂŶƋƵŝĞƌ͘hŶĂƵƚƌĞĂĐƚĞƵƌĨƌĠƋƵĞŵŵĞŶƚĐŝƚĠĞƐƚů͛ŽƌŐĂŶŝƐĂƚŝŽŶƉƌŽĨĞ225CBB0//0& ->75DC/08& ]0//0& -f-B4& E4E& /-& H/:2& D54E0& 024& /-& [E1E7-45CB& k-//CBB0& 102& ">75D:/40:728& %B& D0& M:5& DCBD07B0& /02& ƋƵĞƐƚŝŽŶƐ ƌĞůĂƚŝǀĞƐ ă ůĂ ƚƌĂŶƐŵŝƐƐŝŽŶ Ğƚ ă ůĂ ŐĞƐƚŝŽŶ ĚƵ ƉĞƌƐŽŶŶĞů͕ ƵŶ ŐƌĂŶĚ ƚĂƵdž Ě͛ĂďƐƚĞŶƚŝŽŶ Ă ĠƚĠ ĐŽŵƉƚĂďŝůŝƐĠ͘ĞĐŝƐ͛ĞdžƉůŝƋƵĞƉĂƌůĞ&ĨĂŝƚƋƵĞƉĞƵĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐƐŽŶĚĠĞƐĨŽŶƚĂƉƉĞůăĚĞůĂŵĂŝŶĚ͛ƈƵǀƌĞĞŶĐĞ ƋƵŝĐŽŶĐĞƌŶĞůĂŐĞƐƚŝŽŶĚƵƉĞƌƐŽŶŶĞů͘>ĞĨĂŝďůĞƚĂƵdžĚĞƌĠƉŽŶƐĞĐŽŶĐĞƌŶĂŶƚůĂƚƌĂŶƐŵŝƐƐŝŽŶƐ͛ĞdžƉůŝƋƵĞƉĂƌůĞ ĨĂŝƚ ƋƵĞ ƐŽƵǀĞŶƚ ĞůůĞ Ŷ͛ĞƐƚ ƉĂƐ Ě͛ĂĐƚƵĂůŝƚĠ͕ ƉĂƌ ĂŝůůĞƵƌƐ ĐĞůůĞID5& B0& 203./0& H-2& 4C:NC:72& H7EH-7E0& /CB>403H2& g& ů͛ĂǀĂŶĐĞ͘&

(10)

Z! ^LJŶƚŚğƐĞĚĞƐƌĠƐƵůƚĂƚƐĚĞů͛ĞŶƋƵġƚĞ&X&Y$>&

͛ĞƐƚ ƉŽƵƌ ůĂ ŐĞƐƚŝŽŶ ĚĞ ůĞƵƌƐ ƉƌŽďůğŵĞƐ ƉĞƌƐŽŶŶĞůƐ ƋƵ͛ƵŶ ĐĞƌƚĂŝŶ ŶŽŵďƌĞ Ě͛ĂŐƌŝĐƵůƚƌŝĐĞƐ ŶĞ ƐĞ ƐŽŶƚ ƉĂƐ ƚŽƵũŽƵƌƐƐĞŶƚŝĞƐƐƵĨĨŝƐĂŵŵĞŶƚĂĐĐŽŵƉĂŐŶĠĞƐ͘WĂƌĂŝůůĞƵƌƐ͕ƵŶŐƌĂŶĚŶŽŵďƌĞĚ͛ĂŐƌŝĐƵůƚƌŝĐĞƐĚŝƐĞŶƚƌĠŐů07&/0:72& H7C./6302&H072CBB0/2&0B&=-35//0e&20:/02&C:&0B&DC:H/08&$02&->75D:/475D02&0;H/5M:0B4&/0:7&7E45D0BD0&10&20&4C:7B07& T072& :B0& H072CBB0& C:& C7>-B5230& 0;4E750:7& H-7& /0& 2C:F-54& 10& 7E>/07& /02& H7C./6302& 0B& H75C754E& 1-B2& /-& 2HF670& H75TE0e& H-7& /-& 3EDCBB-522-BD0& 102& 247:D4:702& 0;524-B402& 04& H-7=C52& /0& 3-BM:0& 10& DCB=5-BD0& -DDC71E& g& D02& ĚĞƌŶŝğƌĞƐĞƚĨŝŶĂůĞŵĞŶƚĐĞƌƚĂŝŶĞƐĂŐƌŝĐƵůƚƌŝĐĞƐŽŶƚĠǀŽƋƵĠůĞƚĂďŽƵĚ͛ĂǀŽƵĞƌůŽƌƐƋƵĞůĂƐŝƚƵĂƚŝŽŶĚĞǀŝĞŶƚƚƌŽƉ 15==5D5/08&YB&102&.02C5B2&=C73:/E2&H-7&/02&->75D:/475D02&024&10&HC:TCŝƌƉƌŽĨŝƚĞƌĚ͛ƵŶĞƐƚƌƵĐƚƵƌĞĚĞŵĠĚŝĂƚŝŽŶůŽƌƐ ĚĞĐŽŶĨůŝƚƐĞƚĚĞƉŽƵǀŽŝƌĐŽŵƉƚĞƌƐƵƌů͛ĠĐŽƵƚĞĚ͛ƵŶĞƉĞƌƐŽŶŶĞ͘>ĞƐĂŐƌŝĐƵůƚƌŝĐĞƐĂLJĂŶƚĨŽƌŵƵůĠĐĞƚƚĞĚĞŵĂŶĚĞ ƐĞŵďůĞŶƚƉůƵƚƀƚĞŶƌĞĐŚĞƌĐŚĞĚ͛ƵŶĞƉĞƌƐŽŶŶĞƉůƵƚƀƚƋƵĞĚ͛ƵŶŽƌŐĂŶŝƐŵĞ͘&

V/C.-/030B4e& /-& H/:H-74& 102& ->ƌŝĐƵůƚƌŝĐĞƐ Ɛ͛ĂĚƌĞƐƐĞŶƚ ă ƉůƵƐŝĞƵƌƐ ƉĞƌƐŽŶŶĞƐ ŽƵ ŽƌŐĂŶŝƐŵĞƐ ƉŽƵƌ ŽďƚĞŶŝƌ ƵŶ ƐŽƵƚŝĞŶ ŽƵĚĞů͛ŝŶĨŽƌŵĂƚŝŽŶ͕ŶĠĂŶŵŽŝŶƐďĞĂƵĐŽƵƉĚ͛ĞŶƚƌĞĞůůĞƐĂŝŶƐŝƋƵĞůĞƵƌŵĂƌŝ͕ ĞŶƚƌĞƚŝĞŶŶĞŶƚ ƵŶĐŽŶƚĂĐƚ H75T5/E>5E& -T0D& :B0& H072CBB0& 7022C:7D08& ]0440& H072CBB0& H0:4& ^470& :B& DC3H4-./0e& :B& DCB2:/4-B4e& :B& 303.70& Ě͛ƵŶƐĞƌǀŝĐĞĞdžƚĠƌŝĞƵƌ͙ĞƋƵŝĐĂƌĂĐƚĠƌŝƐĞĐĞĐŽŶƚĂĐƚƉƌŝǀŝůĠŐŝĠĞƐƚƐŽƵǀĞŶƚůŝĠăůĂĐŽŶĨŝĂŶĐĞƋƵŝůƵŝĞƐƚĂĐĐŽƌĚĠĞ 10&H-7&202&DCB205/2&10&M:-/54E&04&/-&70/-45CB&10&/CB>:0&1-408&]02&->75D:/475D02&0B47040B-B4&:B&DCB4-D4&H75T5/E>5E&20& ĚŝƐĞŶƚƐŽƵǀĞŶƚƐĂƚŝƐĨĂŝƚĞƐĚƵƐŽƵƚŝĞŶƋƵ͛ĞůůĞƐƌĞĕŽŝǀĞŶƚĞŶŵĂƚŝğƌĞĚĞŐĞƐƚŝŽŶĂĚŵŝŶŝƐƚƌĂƚŝǀĞĞƚƋƵĂůŝĨŝĞŶƚĐĞƚƚĞ H072CBB0&10&DC3HE40B40&04&0==5D-D08&

(11)

9G! *B47C1:D45CB&04&3E4FC1C/C>50&X&Y$>&

A *K!,\'Y]!*\K&%!&)q!p\'\$\V*%&

A89 *

K!,\'Y]!*\K

&

"/C72&M:0&/02&.02C5B2e&/02&3C102&10&H7C1:D45CB&04&/02&HC/545M:02&0B&407302&10&H7C1:D45CB&-/530B4-570&b-//CBB02& ETC/:0B4e&/-&=033ĞĂŐƌŝĐƵůƚƌŝĐĞũŽƵĞĞƚũŽƵĞƌĂƵŶƌƀůĞŝŵƉŽƌƚĂŶƚƉŽƵƌů͛ĂǀĞŶŝƌĚĞŶŽƚƌĞƐŽĐŝĠƚĠ&΀͙΁ƚƉŽƵƌƚĂŶƚ͕ ġƚƌĞ ƵŶĞ ĨĞŵŵĞ ĂŐƌŝĐƵůƚƌŝĐĞ Ŷ͛ĞƐƚ ƉĂƐ ƚŽƵũŽƵƌƐ ĂŝƐĠ&͗ ƉůĂĐĞ Ğƚ ŝŵƉůŝĐĂƚŝŽŶ ĚĂŶƐ ů͛ĞdžƉůŽŝƚĂƚŝŽŶ͕ ŝŵĂŐĞ Ğƚ 70DCBB-522-BD0&10&/-&=0330&1-B2&/0&20D40:7&->75DC/0&04&0B&10FC72e&15==5D:/4E2&10&702H0D4&102&17C542&2CD5-:;&10& .-20e&C:45/2&04&=C73-45CB2&H-7=C52&BCB&-1-H4E2e&>0245CB&10&/-&T50&10&=-35//0e&04D8&)-52&DC330B4&-HHC7407&g&D02& ĨĞŵŵĞƐůĞƐŽƵƚŝĞŶĞƚů͛ĂŝĚĞĚŽŶƚĞůůĞƐŽŶƚďĞƐŽŝŶƉŽƵƌŐĠƌĞƌĂƵŵŝĞƵdžůĞƵƌŵĠƚŝĞƌĚ͛ĂŐƌŝĐ:/475D0&04&/0:7&T50&10& =0330W&]C330B4&0BT52->0B4I0//02&/0:7&3E4507&04&DC330B4&TC50B4IĞůůĞƐů͛ĂǀĞŶŝƌĚĞůĂĨĞŵŵĞĞŶĂŐƌŝĐƵůƚƵƌĞ&W!& & ͛ĞƐƚ ĚĂŶƐ ĐĞ ĐŽŶƚĞdžƚĞ ƋƵĞ ůĞ ZĠƐĞĂƵ ǁĂůůŽŶ ĚĞ ĠǀĞůŽƉƉĞŵĞŶƚ ZƵƌĂů Ă ƐŽƵŚĂŝƚĠ ŝŶŝƚŝĞƌ ƵŶĞ ƌĠĨůĞdžŝŽŶ H073044-B4&10&7EHCB170&g&D02&M:0245CBB030B428& &

$-& H7E20B40& E4:10& T520& 1CBD& g& DC3H70B170& M:0//02& 2CB4& /02& H7ECDD:H-45CB2& -D4:0//02& 102& ->75D:/475D02& 04e& ƉĂƌƚĂŶƚ͕ăĞŶǀŝƐĂŐĞƌĚĞƐƉŝƐƚĞƐĚ͛ĂĐƚŝŽŶƐƉĞƌŵĞƚƚĂŶƚĚĞůĞƵƌĂƉƉŽƌƚĞƌƵŶƐŽƵƚŝĞŶĂĚĂƉƚĠ͘>͛ĠƚƵĚĞĂĠƚĠƌĠĂůŝƐĠĞ ƉĂƌů͛hŶŝƚĠĚ͛ĐŽŶŽŵŝĞĞƚ ĠǀĞůŽƉƉĞŵĞŶƚ ƌƵƌĂůĚĞů͛h>Ő ʹ&V03./C:;&">7CI#5C&!0DF&RY%',S&04& H5/C4E0&H-7&:B& ŽŵŝƚĠĚ͛ĐĐŽŵƉĂŐŶĞŵĞŶƚĐŽŵƉŽƐĠĚĞƌĞƉƌĠƐĞŶƚĂŶƚƐĚƵZĠƐĞĂƵǁĂůůŽŶĚĞĠǀĞůŽƉƉĞŵĞŶƚƌƵƌĂů;ZǁZͿ͕ĚĞ ů͛hŶŝŽŶ ĚĞƐ ŐƌŝĐƵůƚƌŝĐĞƐ ǁĂůůŽŶŶĞƐ ;htͿ Ğƚ ĚĞ ůĂ &ĠĚĠƌĂƚŝŽŶ ƵŶŝĞ ĚĞ 'ƌŽƵƉĞŵĞŶƚƐ Ě͛ůĞǀĞƵƌƐ Ğƚ Ě͛ŐƌŝĐƵůƚĞƵƌƐ;&h'Ϳ͘8&& & WŽƵƌ ƌĠƉŽŶĚƌĞ ă ĐĞƐ ŽďũĞĐƚŝĨƐ͕ ůĞ ĐŚŽŝdž ŵĠƚŚŽĚŽůŽŐŝƋƵĞ Ɛ͛ĞƐƚ ƚŽƵƌŶĠ ǀĞƌƐ ƵŶĞ ĞŶƋƵġƚĞ ĚĞ ƚĞƌƌĂŝŶ͘ ĞƐ 0B470450B2& CB4& E4E& 7E-/52E2& -T0D& LJ& ->75D:/475D02& 1-B2& 9G& DC33:B02& R#://-B>0e& ]F56T702e& p-3C52e& p-BB:4e& tC1C5>B0e& K5T0//02e& OF5/5HH0T5//0e& (H753CB4e& u-:;I2:7I(:70& 04& u574CBS8& $02& ->75D:/475D02& M:5& CB4& E4E& D5./E02& 2CB4& ĐĞůůĞƐƐ͛ŝŵƉůŝƋƵĂŶƚƐƵƌƵŶĞĞdžƉůŽŝƚĂƚŝŽŶĂŐƌŝĐŽůĞ͕ƋƵĞĐĞƐŽŝƚăƚĞŵƉƐƉůĞŝŶ͕ăƚĞŵƉƐƉĂƌƚŝĞůǀŽŝƌĞŵġŵĞĞŶƐƵƐ Ě͛ƵŶƚƌĂǀĂŝůăƚĞŵƉƐƉůĞŝŶăů͛ĞdžƚĠƌŝĞƵƌĚĞů͛ĞdžƉůŽŝƚĂƚŝŽŶ͘& & $0&H7E20B4&7-HHC74&024&15T52E&0B&M:-470&H-74502&DC330&2:54&a&& 9S >ĂŵĠƚŚŽĚŽůŽŐŝĞƵƚŝůŝƐĠĞƉŽƵƌƌĠĂůŝƐĞƌů͛ĠƚƵĚĞ& AS YB0&BC40&2:7&/02&24-4:42& <S >͛ĂŶĂůLJƐĞĚĞƐƌĠƐƵůƚĂƚƐ& ?S $02&DCBD/:25CB2&04&70DC33-B1-45CB2& JS hŶĞůŝƐƚĞĚ͛ŽƵǀƌĂŐĞƐĚ͛ŝŶ4E7^4&04&/5E2&g&/-&H7C./E3-45M:0&E4:15E0& ĞƌƚĂŝŶƐƌĠƐƵůƚĂƚƐĚ͛ƵŶĞĠƚƵĚĞƐŝŵŝůĂŝƌĞƌĠĂůŝƐĠĞĞŶϮϬϬϰƉĂƌů͛hZĞƚů͛htƐŽŶƚŝŶƚĠŐƌĠƐăůĂƉƌĠƐĞŶƚĞĠƚƵĚĞ 04&352&0B&70>-71&-T0D&102&7E2:/4-42&-D4:0/28&]02&DC3H-7-52CB2&H0730440B4&10&HC5B407&/02&ET0B4:0//02&ETC/:45CB2& -f-B4&0:&/50:&-:&DC:72&10&D02&15;&107B56702&-BBE028& ! ! ! ! ! ! ! ! !

(12)

99! *B47C1:D45CB&04&3E4FC1C/C>50&X&Y$>&

A8A \

#t%]!*[(&'%&$

͛

q!Y'%

&

$02& 15==E70B402& 1530B25CB2& g& 0;H/C707& ƉŽƵƌ ƌĠƉŽŶĚƌĞ ă ůĂ ĨŝŶĂůŝƚĠ ĚĞ ů͛ĠƚƵĚĞ&a& _&350:;& DC3H70B170& /02& ->75D:/475D02& HC:7& /0:7& -HHC7407& :B& 2C:450B& -1-H4E&`e& CB4& E4E& H75202& 0B& DCB251E7-45CB& 04& 247:D4:7E02& 0B& D5BM& C.N0D45=2&2HED5=5M:02a&& 98 'E40735B07&/0&HC747-54&102&->75D:/475D02e& A8 ĂƌĂĐƚĠƌŝƐĞƌůĞŵĠƚŝĞƌĚ͛ĂŐƌŝĐƵůƚƌŝĐĞ͕& <8 ĂƌĂĐƚĠƌŝƐĞƌů͛ĞdžƉůŽŝƚĂƚŝŽŶƐƵƌůĂƋƵĞůůĞĞůůĞƐƚƌĂǀĂŝůůĞŶƚ͕& ?8 'E40735B07&/02&.02C5B2&102&->75D:/475D02&0B&/50B&-T0D&/0:7&3E4507e& J8 ĠƚĞƌŵŝŶĞƌůĞŶŝǀĞĂƵĚ͛ŝŶĨŽƌŵĂƚŝŽŶĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐ͘& >͛ƵƚŝůŝƐĂƚŝŽŶĚĞĐĞƐĐŝŶƋŽďũĞĐƚŝĨƐƐƉĠĐŝĨŝƋƵĞƐĚĂŶƐůĂĐŽŶĐĞƉƚŝŽŶĚĞů͛ĞŶƋƵġƚĞĞƐƚĚĠǀĞůŽƉƉĠĞƉůƵƐĞŶĚĠƚĂŝů1-B2& /-&2:540&1:&1CD:30B48&

A8< )

q!p\'\$\V*%

&

>͛ĂƉƉƌŽĐŚĞŵĠƚŚŽĚŽůŽŐŝƋƵĞƉĞƵƚ ^470&-745D:/E0&-:4C:7&10&M:-470&HF-202&H7E20B4E02&1-B2&D0440&20D45CB8&%//02& ĐŽŶĐĞƌŶĞŶƚů͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞĂƵƐĞŝŶĚĞůĂƉŽƉƵůĂƚŝŽŶIĐŝďůĞ͕ůĂĐŽŶĐĞƉƚŝŽŶĚƵƋƵĞƐƚŝŽŶŶĂŝƌĞ͕ů͛ĂĚŵŝŶŝƐƚƌĂƚŝŽŶĚĞ ů͛ĞŶƋƵġƚĞĞƚů͛ĂŶĂůLJƐĞĚĞƐƌĠƐƵůƚĂƚƐ͘& & ]074-5B02&15==5D:/4E2&3E4FC1C/C>5M:02&CB4&E4E&70BDCB47E02e&0B&H-745D:/507&0B&D0&M:5&DCBD07B0&/-&DCB=C7354E&10&& ů͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞ ǀŝƐIgIT52& 102& C.N0D45=2& =5;E2& -& H75C758& ]02& 15==5D:/4E2& 04& /02& CH45CB2& M:5&CB4& E4E& H75202& HC:7& /02& 2:73CB407&2CB4&0;HC2E02&0B&1E4-5/&0B&-BB0;0&98&

A8<89 %

]p"K!*$$\KK"V%&"Y&(%*K&'%&$"&O\OY$"!*\K

I

]*#$%

&

>Ă ƉƌĞŵŝğƌĞ ĂĐƚŝǀŝƚĠ Ă ĠƚĠ ĚĞ ĚĠƚĞƌŵŝŶĞƌ ůĂ ƐƚƌƵĐƚƵƌĞ ĚĞ ů͛ĠĐŚĂŶƚŝůůŽŶ ĚĞƐ ĞdžƉůŽŝƚĂƚŝŽŶƐ͘ YB0& H7CDE1:70& 10& ƐĠůĞĐƚŝŽŶĚĞƐĐŽŵŵƵŶĞƐĂĠƚĠŵŝƐĞĂƵƉŽŝŶƚĂĨŝŶĚ͛ŽƉĠƌĞƌƵŶĐŚŽŝdžƌĂŝƐŽŶŶĠĚƵƚĞƌƌŝƚŽŝƌĞĚ͛ĞŶƋƵġƚĞ͘ŽŵƉƚĞ 40BƵĚĞƐĐŽŶƚƌĂŝŶƚĞƐĚĞƚĞŵƉƐĞƚĚĞƐŵŽLJĞŶƐĚŝƐƉŽŶŝďůĞƐ;ŶŽŵďƌĞĚ͛ĞŶƋƵġƚĞƵƌƐ͕ĚĠƉůĂĐĞŵĞŶƚƐƉŽƵƌƐĞƌĞŶĚƌĞ ĂƵƐĞŝŶĚĞƐĞdžƉůŽŝƚĂƚŝŽŶƐ͕ĚƵƌĠĞĚĞů͛ĞŶƚƌĞƚŝĞŶ͕ĚŝƐƉŽŶŝďŝůŝƚĠĚĞƐĂŐƌŝĐƵůƚƌŝĐĞƐ͕ĞƚĐ͘Ϳ͕ŝůĂĚ͛ĞŵďůĠĞĠƚĠĚĠĐŝĚĠĚĞ ůŝŵŝƚĞƌ ůĞ ƚĞƌƌŝƚŽŝƌĞ Ě͛ĞŶƋƵġƚĞ ă Ěŝdž ĐŽŵŵƵŶĞƐ͘ >Ğ ĐŚŽŝdž ĚĞ ĐĞƐ ĐŽŵŵƵŶĞƐ Ɛ͛ĞƐƚ ƚŽƵƚ Ě͛ĂďŽƌĚ ĨĂŝƚ ƐĞůŽŶ ƵŶ 2f24630&10&DC4-45CB&.-2E&2:7&47C52&D7546702&a& 9S $0&BC3.70&4C4-/&10&=03302&0;H/C54-B402&C:&DCBNC5B402&-51-B402&H-7&DC33:B0e& AS $-&H7CHC745CB&10&=03302&0;H/C54-B402&H-7&7-HHC74&-:&BC3.70&4C4-/&Ě͛ĞdžƉůŽŝƚĂŶƚƐĚĞƐĚĞƵdžƐĞdžĞƐ DCB=CB1:2&H-7&DC33:B02e& <S >ĞŶŽŵďƌĞĚ͛ĞdžƉůŽŝƚĂƚŝŽŶƐ͘& >ĞƐĚŽŶŶĠĞƐƌĞůĂƚŝǀĞƐĂƵdžƚƌŽŝƐĐƌŝƚğƌĞƐƉƌŽǀŝĞŶŶĞŶƚ ĚĞů͛ĞŶƋƵġƚĞĂŐƌŝĐŽůĞĚĞϮϬϭϮ͘>ĞƉƌĞŵŝĞƌĐƌŝƚğƌĞĂ ƉŽƵƌ C.N0D45=& 10& D5./07& 102& DC33:B02& Cl& :B& BC3.70& 53HC74-B4& 10& =03302& 47-T-5//0B4& R0;H/C54-B402& 04& DCBNC5B402& -51-B4029Ϳ ĂƵ ƐĞŝŶ Ě͛ĞdžƉůŽŝƚĂƚŝŽŶƐ ĂŐƌŝĐŽůĞƐ͘ >Ğ ĚĞƵdžŝğŵĞ ĐƌŝƚğƌĞ Ă ƉŽƵƌ ŽďũĞĐƚŝĨ ĚĞ ĐŝďůĞƌ ĚĞƐ ĐŽŵŵƵŶĞƐ H7E20B4-B4& :B0& H7CHC745CB& 53HC74-B40& 10& =03302& 0;H/C54-B402& -=5B& 10& .50B& 70H7E20B407& D0440& D-4E>C7508& $0& 47C5256ŵĞĐƌŝƚğƌĞĂĠƚĠĐŚŽŝƐŝƉŽƵƌŵĂdžŝŵŝƐĞƌůĞƐĐŚĂŶĐĞƐĚ͛ĂƚƚĞŝŶĚƌĞůĞƐŽďũĞĐƚŝĨƐĚ͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞĚĞĐŚĂƋƵĞ DC33:B08&&

$0&2DC70&=5B-/&g&/-&.-20&10&/-&D/-225=5D-45CB&024&C.40B:&0B&-11545CBB-B4&/-&HC2545CB&10&DF-D:B0&102&DC33:B02&H-7& 7-HHC74& -:;&47C52&D7546702&DFC52528& (:7&.-20&10&D0&2DC70&=5B-/e&CB&C.450B4&:B&D/-22030B4& 10&DC33:B02&1CB4& /0& &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&

9

&(4-4:4&2CD5-/&1CBBE&H-7&1E=-:4&04&B0&HC:T-B4&^470&-4475.:E&g&:B0&=0330&M:5&-&1ENg&:B&-:470&03H/C5&0;407B0&g& ů͛ĞdžƉůŽŝƚĂƚŝŽŶŽƵg&:B0&=0330&-:&=Cf07e&D=8&20D45CB&2:7&/02&24-4:42&HC:7&H/:2&10&70B205>B030B42S&

(13)

9A! *B47C1:D45CB&04&3E4FC1C/C>50&X&Y$>& 2DC70&T-750&10&G&g&9A8&$02&DC33:B02&DFC52502&H75C754-57030B4&2CB4&D0//02&M:5&CB4&C.40B:&/0&305//0:7&2DC70&=5B-/& R/0&2DC70&/0&H/:2&E/0TES8& '02&DCB47-5B402&-11545CBB0//02&CB4&E4E&-HH/5M:E02&a& ?S $02&Z&7E>5CB2&->75DC/02&1C5T0B4&^470&70H7E20B4E02e& JS $02&J&H7CT5BD02&1C5T0B4&^470&70H7E20B4E028& >ĞĐŚŽŝdžĚ͛ĂũŽƵƚĞƌƵŶĐƌŝƚğƌĞĂĚĚŝƚŝŽŶŶĞůƌĞůĂƚŝĨăůĂƌĠŐŝŽŶĂŐƌŝĐŽůĞĚĠĐŽƵůĞĚĞů͛ŚLJƉŽƚŚğƐĞƋƵĞůĞƐƐĞĐƚĞƵƌƐĚĞ 2HED5-/52-45CB& 102& 0;H/C54-45CB2& ->75DC/02& 2CB4& DC77E/E2& -:;& 7E>5CB2& ->75DC/028& ]0440& FfHC4F620& -& E4E& H7520& 0B& DC3H40&0B&4-B4&M:0&DCB47-5B40&1-B2&/0&DFC5;&102&DC33:B02͘>ĞƐĞĐƚĞƵƌĚĞƐƉĠĐŝĂůŝƐĂƚŝŽŶŶ͛ĂƉĂƐĐŽŶƐƚŝƚƵĠƵŶ D754670&10&2E/0D45CB&1-B2&:B&H703507&403H2&3-52&5/&-&E4E&-NC:4E&g&HC24ĞƌŝŽƌŝĐŽŵŵĞĐƌŝƚğƌĞĚ͛ĂŶĂůLJƐĞ͘ĞƉŽŝŶƚ 207-&1ET0/CHHE&g&/-&2:540&1:&1CD:30B4&RD=8&-BB0;0&9e&20D45CB&P89S8& ĞƚƚĞƉƌŽĐĠĚƵƌĞĂƉĞƌŵŝƐĚĞƌĞƚĞŶŝƌůĞƐĚŝdžĐŽŵŵƵŶĞƐƌĞƉƌĠƐĞŶƚĠĞƐƐƵƌůĂĐĂƌƚĞƐƵŝǀĂŶƚĞ͘ŶǀƵĞĚ͛ĂƐƐƵƌ07&:B0& ďŽŶŶĞ ƌĞƉƌĠƐĞŶƚĂƚŝǀŝƚĠ͕ ƵŶ ƚĂƵdž Ě͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞ ĚĞ ϮϬй ĚƵ ŶŽŵďƌĞ ƚŽƚĂů ĚĞ ĨĞŵŵĞƐ ĞdžƉůŽŝƚĂŶƚĞƐ ŽƵ DCBNC5B402&-51-B402&R0BM:^40&->75DC/0&10&AG9AS&H7E20B402&2:7&/02&9G&DC33:B02&-&E4E&T52Ee&HC74-B4&/-&4-5//0&10& ů͛ĠĐŚĂŶƚŝůůŽŶăϳϱĞŶƋƵġƚĞƐ͘&&

$0& 4-./0-:& 2:5T-B4& H7ED520& /02& D-7-D4E75245M:02& 102& 9G& DC33:B02& 2E/0D45CBBE02& 20/CB& /02& D7546702& Ě͛ĠĐŚĂŶƚŝůůŽŶŶĂŐĞ͕ĂŝŶƐŝƋƵĞůĞŶŽŵďƌĞŽďũĞĐƚŝĨĚ͛ĞŶƚƌĞƚŝĞŶƐăĞĨĨĞĐƚƵĞƌ͘>ĂůŝƐƚĞĚĞƐĐŽŵŵƵŶĞƐƐĠůĞĐƚŝŽŶŶĠĞƐ 024&DCB2:/4-./0&1-B2&/0&!-./0-:&9&04&/0:7&/CD-/52-45CB&>EC>7-HF5M:0&1-B2&/-&[5>:70&98&& & & "#$%&'!()!*+,-*#.-/#+0!1'.!,+22%0'.!.3*',/#+003'.4!! ! & &

Références

Documents relatifs

‚ Nous sommes épuisés et aurions besoin de répit, mais nous avons de la difficulté à laisser notre enfant avec d’autres personnes pour quelques jours.. ‚ Nous aurions besoin

[r]

calibration with a highly alloyed steel (ECRM295-1) and a nickel base alloy (BCS346), an excellent agreement between certified and determined value can be attained for a wide variety

We believe it is imperative that indigenous and affected communities, civil society, and investors be empowered to hold renewable energy companies accountable for their

La présente Cog porte trois ambitions fortes : le développement volontariste de services aux familles, la mise en œuvre d’une politique de service aux allocataires adaptée à la

On y trouve des femmes agricultrices installées dans le métier depuis quelques années, elles sont entrées dans le métier en lien avec un projet de vie, souvent dans

Souhaitant apporter un réel soutien à l’association « Les Frères d’Armes – Honneur et Patrie », dont l’intérêt général et culturel est manifestement démontré, il

Je pourrais faire d’autres partenariats en fonction des demandes que je reçois, mais me lancer dans la fabrication d’un autre fromage c’est déjà du boulot en plus… Mon projet