Janvier 2019

Le sport au service de la cohésion

Démarches, méthodes, outils et panorama d’initiatives associatives

!"

!"#"!$%"#"&'()

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

$--+/-.9)677)1+)61=5)382;4<2+/-6.1+5):7.);+7>+/-).-1+);81-<5);61)5+5);61-+/6.1+5)./5-.-76-.8//+45)+-)65583.6-.958)4+)$,"')6)<)64+2+/-)38/>.<);475.+715)=0+/-1+)+77)0)7/+)5<6/3+)=+)-166>6.4):7.)50+5-)-+/7+)4+)19) 7.44+-):91;#)$+)-+2;5)=0<3!6/)+)6)<-<)4083365.8/)=0+/1.3!.1)4+)38/-+6/7)=7);18 +-#)*+)$,"')1+2+13.+)4+71).2;4.36-.8/#))&6=.6)$.=4."#"3.1.+&206'"1%",68$)%",824!"3+&'4%"#8!62+=)$28716"#"#+.;%428+%"1%")&"'%0'%#'&0'2#,%'0/";<=>"(6/8755.)+.6116"#"(//640&206'"/%$6'1/?"$=.4)"4)376=+!+"#"@'06'"3+&'A&0/%"1%/"B8?+%/">&C08%/"1D2184&206'"#!&/008%";@39>2#>"+6<61.)/8159644"#"(//640&206'"'&206'&)%"1%/".)8/"%'"4!&+7%"18"/-6+2,";6'1&2%8+"18"*"56))%420;"3+%%/2&)%"+"$84./+)*+)%+44830!"#"(//640&206'"'0%)"()%8"(.+11+6"226/7+4)(6/.+1"#",0+%4206'"1%/"'-6+2/"!6;!6=4)'!.+11'"#"#+.;%428+%"18".%++0260+%"1%"(%);6+2";<E>"

�ƌĠĚŝƚ�ƉŚŽƚŽ�͗�^ƉŽƌƚ�ĚĂŶƐ�ůĂ�sŝůůĞ

=""

) )

!"))$%&'( (

!" !"#"!$%"#"&'())%&'!3+5$'%3&)>%"/-6+2,"8'%"-6)02008%"-8$)008%"?%42+04%"1%"46!./06'"/640&)%"%2"2%++026+0&)%"F"""""($!'%")1#)+>#$!$/"(8)#>'/3+"(8)35'%*()

304!%"'GH"#))*+);61-+/61.6-)@'%"46*-6/&'2%"0'46'268+'&$)%"1%")&"1.*&+4!%"*"-+65%2"+"""""""""""""""

304!%"'G!"#))*6)28".4.56-.8/)+-)46)=.>+15.9.36-.8/)=7);7"4.3)48%))%/"*.2!61%/"F"

304!%"'G="#))*063382;6)/+2+/-)=+5)<:7.;+5)@'"1.;0"-68+"46'40)0%+"/-6+2"%2"46!./06'"/640&)%""

304!%"'GI"#))*0<>6476-.8/)@'%"1.*&+4!%"9"*%'%+"2682"&8")6'7"18"-+65%2"

304!%"'GJ"#))*+);183+5575)=+)3!6/)+2+/-)=0<3!+44+)(--6+2/"%2"%'5%86"

"($!'%"):#)($&3!$#$)+0%&%'%$'%?"()$((3$%$'%?"()

3648/"'GH"#)+7)-+116./)0)40+/-1+;1.5+">%"/-6+2"&8"/%+?04%"1%"):0'/%+206'"-+6;%//06''%))%"(//640&206'"'-6+2"1&'/")&"?0))%"

3648/"'G!"#)-6.1+)>61.+1)4+5)<3!+44+5)=0./-+1>+/-.8/",8"2%''0/"1%"-+660*02."&86"268+'60/"'&206'&86"(//640&206'"3)2%")%"=8+"

3648/"'G="#)(87-+/.1)4+)=<>+48;;+2+/-)=07/+);16-.:7+)5;81-.>+)9<2././+">%"+87$&,"?%42%8+"1:0'/%+206'"(//640&206'"/%$6'1/?"

3648/"'GI"#)*+) +7)5;81-.9)67)5+1>.3+)=7)=<>+48;;+2+/-)=+)40+5;1.-)31.-.:7+)=+5) +7/+5",%")&"468+/"1%"*"+.4+."+"&8"1.$&2"/8+")&")&C402."(//640&206'"#)&&"8'2%+'&206'&)"

"

"I "

HE "

"H! "

"HI "

"HK "

"!I "

"!L "

"=! "

"!E "

! " # $ % & ' ( ! ) * + ' + ( ! , % - ! . / 0 1 * - ! 2 ! % # + & ' - 3 ! 4 ! 5 + & 6 ' 7 8 9 ! 5 & 6 . ! ( / 6 ( ! : # + 6 ' & ; # - 9 ! 0 . ! / 6 9 ! " 0#/ 6 & ' / # & / !!

"L "

I""

)

%&'!3+5$'%3&)

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

"""""""""""""""""""""""""""""""""""""""" """""""""""""""""""H"*"5/#&(! )*)+!I! @-! ()+#'! /0! (-#%&1-! %-! @/! (+1&$'$"+," -+67+&**%"0'2%+*0'0/2.+0%)" 1:&446*-&7'%*%'2" 1%" )&" 4&'101&28+%" 1%" #&+0/"!E!I,"=&+/"!EHR!

"#$%&'!)*+'+!I!J)+#'!%/6(!@/!K&@@-!

J""

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o >:0*-6+2&'4%" 1%" *%'%+" 1%/" &4206'/" 46'2%6#

28&)0/.%/," 2+&'/?%+/&)%/" %2" +%-6/&'2" /8+" 8'%"?0/06'"-&+2&7.%"1%/"%'5%86"/640&86"%2"8+$&0'/"1:8'"2%++0260+%N"

o >&" '.4%//02." 1%" /:&16//%+," -68+" 4%" ;&0+%," /8+"8'%" 0'7.'0%+0%" 1%" -+65%2" 9" )&" ;60/" /68-)%" %2"+6$8/2%," -%+*%22&'2" &8" -+65%2" 1%" /:&1&-2%+"&86"$%/60'/"/-.40;008%/"1%""4!&08%"2%++0260+%N""

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

K""

)

R""

" "

)$&*%'(+*(

-.)$&/0'!().*0"-'!("1*%2!(

"#$%&'!)*+'+!I!,1'&+6!-/(.-'!"&'+/-6!

L""

*")($!'"&$!%$')@)@ 2"59=#9'( .2"8 59 .9@/ ((>2",2">(",2=(/5<2"*"#/9$2."+"" "))"""""""""""""""""""

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

1.-)60%*%'2" 1%" /6'" 0'020&20?%" &86" /-.40;0402./" 1%";6'4206''%*%'2"1:8'" 2%++0260+%"%'"/:&--8&&'2"/8+")%/"&42%8+/"%2")%/"+%//68+4%/"%60/2&'2%/N""

"@'%" 1.*&+4!%" -&+2%'&+0&)%" 1%" 08&)02." -%+*%2"16'4"1:.?02%+" 8'"%;;%2" *"!6+/" /6)"+"%'" &//8+&'2" )&"46*-).*%'2&+02." 18" -+65%2" &?%4" )&" 1&'&*008%"1:8'"2%++0260+%N"

-%$/")&A1))

! 56**%'2"/2+8428+%+"8'%"='/62.:7+);61-+/61.64+)=+):764.-<"F"! 48%))%/"/6'2")%/"<-6;+5)+55+/-.+44+5"1:8'%"1.*&+4!%"-&+2%'&+0&)%"F"! 48%)/"-';+5)=063-+715";&82#0)"&//640%+"9"/&"1.*&+4!%"*"-+65%2"+";&42%8+/"

)64&86,"'&206'&86,"&42%8+/"0'/2028206''%)/,"-8$)04/,"-+0?./,"!&$02&'2/U>"F"! 56**%'2"=<>+48;;+1)=+5)1+46-.8/5)584.=+5)%'2+%"&//640&206'/"9";0'&)02."

/640&)%"%2"4)8$/V;.1.+&206'/"/-6+20?%/"F"! 2'"0860")&"*0/%"%'"-)&4%"1%"1+46-.8/5)=+);187.2.-<)+/-1+)63-+715)677)

8" +-5)583.677)=.99<1+/-5"46'/2028%#2#0)"8'"&2682"F",%"08%))%/"*&'0O+%/"4%/"+%)&206'/"-%8?%'2#%))%/"/%"46'4+.20/%+"F"

! 48%))%/"+%)&206'/"%60/2%#0)"%'2+%";61-+/61.6-)+-)<3!+44+5)=063-.8/"F"! ("08%))%/"<3!+44+5)=063-.8/"%/2#0)")%"-)8/"-%+20'%'2"1%"1.-)6&%+"/6'"

-+65%2"F"

#8'.2'",2"/M3>2W89 "

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

<""

$3&&$B'!")"')(")-$%!")$3&&$B'!"")))

>&" 46'1802%" 1:8'%" 1.*&+4!%" -&+2%'&+0&)%" +./8)2%"7.'.+&)%*%'2"1:8'"2+&?&0)"-+.&)&$)%"T"o =+) 1+;<16)+) +-) =+) 1+3+/5+2+/-) =+5) 63-+715)

C)1+558713+5)D" 820)%*%'2"*6$0)0/&$)%/" 1&'/" )%"4&1+%"1%"/6'"-+65%2N"

o =+) ;1.5+) =+) 38/-63-) 6>+3) 3+5) =.99<1+/-5) 636-+715"%'"?8%"1%"):.)&$6+&206'"1:8'%"?0/06'"-&+#2&7.%"1%/"%'5%86"%2"1%/"$%/60'/"18"2%++0260+%N""

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

"56*-2%" 2%'8" 1%" )&" ?0/06'" 2+&'/?%+/&)%" 1%/" 1.).#78./" 18" -+.;%2" %2" 1%" )&" ;0'%" 46''&0//&'4%" 16'2"10/-6/%'2" )%/" &7%'2/" 2%++026+0&86" %'" *&20O+%"1:6;;+%/" %'" .080-%*%'2/" %2" %'" -+&2008%/" /-6+#20?%/," 4%)&" -%+*%2" &86" &//640&206'/" 1:.?&)8%+" )%/"$%/60'/" +.%)/" 1:8'" 2%++0260+%" %2" 1%" 5&87%+," 1%" 4%";&02," )&";&0/&$0)02."%2" ):6--6+28'02."18"1.-)60%*%'2"1%")%8+"-+65%2"/8+"4%"2%++0260+%N"""

*")$*5%)((3!'%-8)5&)($!'"&$%!")"(("&'%"*))5%/" -+0/%/" 1%" 46'2&42" -+.-&+&260+%/" ;&40)02%'2" )%"1.?%)6--%*%'2" 1:8'%" /2+&2.70%" -&+2%'&+0&)%"&1&-2.%" &86" $%/60'/" )64&86" %2" /:&16//&'2" &86"+%//68+4%/"18"2%++0260+%N),&'/"4%22%"6-2008%,"682+%"

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

)

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HE""

*$)#3%%*%($'%3&)"')*$)+%?"!(%-%$$'%3&)+5)(5%*%$)@ ""4@2>>2'"=2.<9,2'"F ) """""""""""""""""""""

""

"

"

"

"

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

46*-2%" 1%" 4%/" %'5%86" &*O'%" )%/" &//640&206'/" 9"-6+2%+" 10?%+/%/" /2+&2.70%/" 1%" *6$0)0/&206'" %2" 1%"10?%+/0;04&206'"18"-8$)04N""

#3%%*%("!)@)E5"**"()$((!3$/"()F""

>&"-!&/%"1%"*6$0)0/&206'"18"-8$)04#40$)%"0*-)008%"8'" +&--6+2" &8" 2%++&0'" 080" -%82" 10;;.+%+" /%)6'" )%/"-6/28+%/" *.2!616)67008%/" 1%/" &//640&206'/" %2")%8+/" *61&)02./" 1:0'2%+?%'206'N" 5%+2&0'%/" 1:%'2+%"%))%/"6'2"8'"46'2&42"10+%42"&?%4" )%"-8$)04"08:%))%/"/68!&02%'2"*6$0)0/%+N"5%22%"&--+64!%"-+0?0).70%" )&"46**8'04&206'" 1%" -+660*02.N" 8)" /:&702," -&+"%6%*-)%," 1%"*%'%+"1%/" &4206'/" 1%" /%'/0$0)0/&206'"

! 56**%'2"963.4.-+1)46)=<28316-.56-.8/)+-)40633,5)0)46);16-.:7+)5;81-.>+"F""! 48%)/"/6'2")%/";1./3.;677)91+./5)9")&"*6$0)0/&206'"%2"9")&"10?%+/0;04&206'"

18"-8$)04"F""! '8+":7+44+5)=<2613!+5)+-)87-.45"-%82#6'"/:&--8&%+"-68+";&?6+0/%+"4%22%"

*6$0)0/&206'"F"! 48%))%/"5-16-<).+5)=+)38227/.36-.8/)+-)=+)>6481.56-.8/"-%82#6'"*%22+%"

%'"Y8?+%"-68+"&//8+%+")&"*6$0)0/&206'"%2")&"10?%+/0;04&206'"18"-8$)04"F"! 3&82#0)"46'/01.+%+")&"2.7.-<)3822+)7/)8" +3-.9)+-G87)7/)963-+71)=+)

1<755.-+"1:8'"-+65%2"F"! 56**%'2"587-+/.1)3+);1./3.;+)=+)2.7.-<"F""! 48%))%/"1.*&+4!%/"-%8?%'2"46'468+0+"&8"=<>+48;;+2+/-)=+)46);166

-.:7+)5;81-.>+)9<2././+"F""! #.7.-<)583.64+)+-)28".4.-<"T"1%86"-+0'40-%/"9"46'40)0%+"F"! #68+0860"%2"46**%'2";&?6+0/%+")&"=.2+/5.8/)./-+1)</<16-.8//+44+"1%/"

-+65%2/"F""

-%$/")&A:))

#8'.2'",2"/M3>2W89 "

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HH""

%'"-0%1"1:0**%8$)%"68"1%"4&-2%+" )%/" 5%8'%/"!6+/"/2+8428+%," %'" )0%'" &?%4" )%/"&42%8+/" 1%" 2%++&0'" 2%)/"08%" )%/" -&+2%'&0+%/" 18" 4!&*-" /640&)" 080" $.'.;0#40%'2"1:8'%";0'%"46''&0//&'4%"18"2%++0260+%"%2"1%/"-8$)04/"46'4%+'./N"""

,:&82+%/" &//640&206'/" -+0?0).70%'2" )%" +&--6+2" 0'10#+%42"&8"-8$)04#40$)%N"5%22%"&--+64!%"%/2"1&?&'2&7%"&6.%"&8268+"1:8'"2+&?&0)"*%'."10+%42%*%'2"&8-+O/"1:&42%8+/" 0'2%+*.10&0+%/"T" -+0/%" 1%" 46'2&42" &?%4")%/" .2&$)0//%*%'2/" /46)&0+%/," )%/" *8'040-&)02./" %2"):M2&2" )64&)," +%'46'2+%" &?%4" )%/" -&+2%'&0+%/" &//6#40&20;/,".4!&'7%/"&?%4")%/"2+&?&0))%8+/"/640&86,"%24N""

"%&'!3+5%!")+")*$)#%H%'>"

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

"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""="I,E" \" 1%/" )04%'4%/" /6'2" )64&)0/.%/" 1&'/" 8'" 08&+20%+" -+06+02&0+%,"/602" 1%86" ;60/" *60'/" 08%" 4%" 08%" +%-+./%'2%'2" )%/" I,L" *0))06'/"1:!&$02&'2/"1%"4%/"08&+20%+/"1&'/" ):%'/%*$)%"1%" )&"-6-8)&206'"1%"3+&'4%"*.2+6-6)02&0'%";9 #7,"!EHR>N"

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

H!""

*0$$$3#($,&"#"&')+"()>E5%("()@)@ ",M38"#9@/"59 58>82/"'#9/."2."59<M'89 "'958(>2"""""""""""""""""""""" ""

"

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

"""""""""""""""""""""""""""""""""""""""" """""""""""""""""""I"8)" /:&702"1%/" 2+60/"-0)0%+/"18" 46'2+&2" 1%"?0))%"T" 1.?%)6--%*%'2"1%"):&420?02." .46'6*008%" %2" 1%" ):%*-)60," 46!./06'" /640&)%," 4&1+%" 1%"?0%"%2"+%'68?%))%*%'2"8+$&0'N!

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

! 48%))%"%/2")&"-)8/#?&)8%"1%")&)2.5+)+/);463+)=+)98126-.8/5"9"1%/20'&206'"1%/"0'2%+?%'&'2/"F""

! ,%"08%))%/"*&'0O+%/"-%82#6'"=.>+15.9.+1)58/)8991+)=+)98126-.8/"-68+";&?6+0/%+")&"*6'2.%"%'"46*-.2%'4%"1%/"0'2%+?%'&'2/"%2"):&1&-2&206'"1%/"0'2%+?%'206'/"&86"%'5%86"1:8'"2%++0260+%"F""

! 48%)/"/6'2")%/";85-+5)34<5)+-)4+5);189.45)1+3!+13!<5"-68+".)&$6+%+"8'"-+65%2"1%"08&)02."F""

! 2'"0860")%";&02"1%"$.'.;040%+"1:8'%"<:7.;+)=0./-+1>+/-.8/";471.=.53.;4./6.1+)46'/2028%#2#0)"8'"&2682"F""

! 1"&#2#0)"1%/"+/ +77)=0./6=<:76-.8/)=7);189.4)=+5)./-+1>+/6/-5)6>+3)4+)38/-+/7)=+5)2.55.8/5"F"'0"680,"46**%'2"&"+%*.10%+"F""

! 3&82#0)"-%'/%+"/6'"63382;6)/+2+/-)0"=.99<1+/-+5)<3!+44+5)F"

-%$/")&A2)

#8'.2'",2"/M3>2W89 "

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

H=""

1%"):&446*-&7'%*%'2"-%82"/%"1.4)0'%+"9"-)8/0%8+/".4!%))%/";)64&)%,"+.706'&)%,"'&206'&)%>"46**%"4:%/2")%"4&/"-68+"):&//640&206'"$6'-!@-!70#";1:3";648/"'G!,"-&7%"!I>N""

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

>%/"&//640&206'/"-68+/80?%'2".7&)%*%'2"4%2"6$5%4#20;" 1%" -)8+010/40-)0'&+02." 9" 2+&?%+/" )%/" +%)&206'/"-&+2%'&+0&)%/" 08:%))%/" 20//%'2," 46**%" )%" /68)07'%"):&//640&206'" 5&6.! J/6(! $#+6'&;#-" T" *"86! /.&'! -6!1++)$#/'&+6! /%-1! %2/0'#-(! /1'-0#(! %+&(&6(! )+0#!/%+&#! 06-! %$#/#1*-! )@0#&%&(1&)@&6/&#-9! /%-1!@2$&0&)-! %-! %$%-@+))-#-6'! @+1/@! (0#'+0'3! 9@(! +6'!)@0(&-0#(!):@-(9!12-('! '#/6(%-#(/@9! 1+#)@$#-6'/&#-!-'!&6'$#-((/6'3!+N""

($!'$,"!)5&")?%(%3&)$3##5&")"56'4%?60+" 8'%" +.%))%" 1&'&*008%" 1%" 2+&?&0)" -)8+0#10/40-)0'&0+%," &//640&'2" 1%/" 46*-.2%'4%/" 2%4!#'008%/J"9"16*0'&'2%"/-6+20?%"%2"1%/"46*-.2%'4%/"/640&)%/," '.4%//02%" 08%" 4!&48'" 1%/" 0'2%+?%'&'2/"-&+2&7%" 8'%" ?0/06'" 46**8'%" 1%/" %'5%86" %2" 1%/"

"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""J">&" -)8-&+2" 1%/" &//640&206'/" 2+&?&0))%'2" &?%4" 1%/" 0'2%+?%'&'2/"10-)Q*./";(#$2#',"'.(#',",@2##NNN>N"!

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

5%/" .?.'%*%'2/" /6'2" ):644&/06'" 1:&$6+1%+" '6'"/%8)%*%'2" 1%/" &/-%42/" 6+7&'0/&206''%)/" %2" *.#2!616)67008%/K"*&0/" &8//0" 1%/" 08%/206'/" 2!.*&#2008%/" &6.%/" /8+" )&" 10*%'/06'" /640&)%" 18" /-6+2" T"2+&'/*%22+%" 1%/" ?&)%8+/" 4026&%''%/," 1.?%)6--%+"):%/-+02" 4+02008%"1%/" 5%8'%/," ;&?6+0/%+" )&"*0602." 1%"/6'"-8$)04,"&16-2%+"8'%"-6/28+%"$0%'?%0))&'2%N""""

"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""K",.?%)6--%*%'2" 18" -+65%2" 1%" /6'" &//640&206',"*&'&7%*%'2" 1%"-+65%2,"10?%+/0;04&206'"1%/"/68+4%/"1%";0'&'4%*%'2U!

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

"#$%&'!)*+'+!I!J)+#'!%/6(!@/!%&@@-!

HI""

*0>?$*5$'%3&)@)@ 2",M=(/5<2"S"=2 2/".9@."(@">9 "",@"#/9$2.))"""""""")"""""""""""""""""">&" 08&)02." 1%" )&" 46'1802%" 1:8'%" 1.*&+4!%" *"-+6#5%2"+"/:&--+.40%"&8"+%7&+1"1:8'"4%+2&0'"'6*$+%"1%"4+02O+%/"7.'.+&86"1:.?&)8&206',"2%)/"08%"T"o 46) ;+1-./+/3+"T")%"-+65%2"%/2#0)"%'"&1.08&206'"

&?%4")%/"&22%'2%/"1%/"!&$02&'2/"%2")%/"$%/60'/"18"2%++0260+%"F"

o 40+99.363.-<"T" &8" ?8"1%/"6$5%420;/" ;06./," )%/" +.#/8)2&2/"/6'2#0)/"/&20/;&0/&'2/"F"

o 40+99.3.+/3+"T" )%/" *6&%'/" 1.-)6&./" #" ;0'&'#40%+/,"!8*&0'/,"*&2.+0%)/"%2"6+7&'0/&206''%)/"#"6'2#0)/"-%+*0/"1:&22%0'1+%"1%";&A6'"6-20*&)%")%/"6$5%420;/"&22%'18/"F"

o 4+5".2;63-5"T")%"-+65%2"&#2#0)"%8"1%/"+%26*$.%/"/07'0;04&20?%/" -68+" )%/" $.'.;040&0+%/" 18V1%/"2%++0260+%;/>"1:0'2%+?%'206'"F""

5%" -+64%//8/" 1:.?&)8&206'" %/2" 46'A8" 46**%" 8'"6820)"1:&01%"&8"$6'"1.+68)%*%'2"1:8'"-+65%2"&//6#40&20;N" 8)" -%+*%2" 1:01%'20;0%+," 9" 4!&08%" .2&-%," )%/"*&+7%/" 1:&*.)06+&206'" %2" 1:&58/2%*%'2" '.4%/#/&0+%/"9")&"+.8//02%"1%"):&4206'N""56*-2%"2%'8"18"4&+&42O+%"2+&'/?%+/&)"1:8'"-+65%2"&//640&20;"*%'."&8268+"18"/-6+2"-68+"268/";0*-)0#08&'2" 8'%" 10?%+/02." 1:&42%8+/" %2" /%" 1.-)6&&'2" 9"10;;.+%'2%/" .4!%))%/>," ):.?&)8&206'" 1602" )2+%" %'?0#/&7.%"46**%"8'%"1.*&+4!%"9")&";60/"T"o 3844+3-.>+"T" ):.?&)8&206'" %/2" 8'" -+64%//8/"

/:&--8&&'2," 1&'/" ):01.&)," /8+" )&" *6$0)0/&206'"1%" ):%'/%*$)%" 1%/" -&+20%/" -+%'&'2%/" 1:8'"-+65%2N" 5%22%" &--+64!%" 46))&$6+&20?%"-%+*%2"

! 2'"0860")&"1.*&+4!%"1:.?&)8&206'"46'/2028%#2#%))%"8'"28'+/)+99.363+)=+)=<>+48;;+2+/-)+-)=+)=<;48.+2+/-)=07/);18 +-)0)7/+)<3!+44+);475)461)+)F""

! ,%"08%))%/"*&'0O+%/";&82#0)"+.&)0/%+"):.?&)8&206'"1%"/6'"-+65%2"F"(+48/):7+45)31.-,1+5)F"

! 48%)/"/6'2")%/"+/ +77)1+/38/-1<5);61)4+5)65583.6-.8/5"18+&'2"4%22%"-!&/%"F"

! >%/"-+6$)O*%/"+%'46'2+./")6+/"1%"):.?&)8&206'"/6'2#0)/"-+0'40-&)%*%'2"18/"9"4081)6/.56-.8/)+-)67)98/3-.8//+2+/-)=+)4065583.6-.8/)I26/:7+)=+)28'+/5)!726./5)=<=.<58);61)+7+2;4+J)87)0)46)26/.,1+)=8/-)6)<-<)38/K7)4+);18 +-"F""

! ++)40<>6476-.8/)0)46)36;.-64.56-.8/"T"46**%'2"4&-02&)0/%+"-68+"*%22+%"%'"-)&4%"8'%"+.%))%"/2+&2.70%"1%"1.?%)6--%*%'2"F""

! L)66-6.4)7/)C)6>6/-)D)+-)7/)C)6;1,5)D)4+);18 +-"T"1%"08%))%/"*&'0O+%/")&"1.*&+4!%"1%"4&-02&)0/&206'"&#2#%))%"-8"&?60+"1%/"+.-%+48//06'/"/8+")%/"*61%/"1:6+7&'0/&206'V1%";6'4206''%*%'2"1%"):&//640&206'"%2"/8+")%"46'#

2%'8"18"-+65%2")80#*)*%"F""

-%$/")&AM)

)

#8'.2'",2"/M3>2W89 "

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HJ""

9"268/")%/"&42%8+/"1:&?60+"8'%"46*-+.!%'/06'"46**8'%" %2" 2+&'/-&+%'2%" 1%" )&" *0/%" %'"-)&4%"1:8'"-+65%2,"08%"4%"/602"/8+")%"-)&'"1%/"6$5%420;/,"1%/"0*-&42/"68"1%/"-%+/-%420?%/"1%"1.?%)6--%*%'2N""

o 38/-./7+"T" +%-6/&'2" 9" )&" ;60/" /8+" 8'%" /.+0%"1:0'/2+8*%'2/,"1%"*.2!616)670%/,"1%"4+02O+%/"%2" 1:0'104&2%8+/" ;08&)02&20;/" %2" 08&'202&20;/>,"):.?&)8&206'" /%" 46'/2+802" 9" 2682%/" )%/" .2&-%/"1:8'"-+65%2,"08%"4%"/602"%'"-!&/%"0'020&)%,"18#+&'2"/&"*0/%"%'"Y8?+%"68"9"/6'"&4!O?%*%'2N""

#"&"!)5&)+%$,&3('%$)%&%'%$*)($!'$,>""

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

"(8#1%)9" 1%" 46'2+0$8%+" 9" )&" 2+&'/-&+%'4%" %2" 9" )&"46*-+.!%'/06'" 46))%420?%" 18" -+65%2," 4%/" 2%*-/"1:.4!&'7%" -%+*%22%'2" 1%" 46';6+2%+" )&" -+660*0#2."%'2+%" ):&//640&206'"%2" /%/" -&+2%'&0+%/," ?60+%"1%"4+.%+"1%/")0%'/"-)8/".2+602/"%'2+%")%/"-&+2%'&0+%/N""

>?$*5"!)*")%3&)+>!35*"#"&')+5)(!3N"')"2'"-!&/%"6-.+&206''%))%,"0)"%/2"%//%'20%)"1%"-6+2%+"8'"+%7&+1"&--+.40&20;"/8+")%/"46'10206'/"+.%))%/"18"1.-)60%*%'2" 18" -+65%2N" >&" *0/%" %'" -)&4%" 1:8'%"1.*&+4!%"1:.?&)8&206'"46'20'8%"16''%")&"-6//0$0#

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

"5%/"1.*&+4!%/"1:.?&)8&206'"&--+6;6'10%"-%8?%'2")2+%" *%'.%/" -&+" 1%/" 4&$0'%2/" 1:.281%/" 68" 1%/")&$6+&260+%/"8'0?%+/02&0+%/N"(0%'"08:.2&'2"46'/01.#+.%/"46**%"$.'.;008%/"-&+")%/"&//640&206'/"0'2%+#+67.%/," )%8+"*0/%"%'"-)&4%"1.-%'1";6+2%*%'2"1%/"+%//68+4%/" ;0'&'40O+%/" 16'2" 10/-6/%'2" )%/" /2+84#28+%/"&//640&20?%/N"

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HK""

*")(!3$"((5()+")$/$&,"#"&')+0>$/"**")@)(##9/.'"2."2 $2@W""""""""""

))))

" """

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o 8'%"&87*%'2&206'"1%" ):0*-&42"/640&)"18"-+6#

5%2" /8+" 8'"*)*%" 2%++0260+%" ;4+60//&'4%"6+7&#'008%>"%""

o 8'%" %6-&'/06'" 7.67+&-!008%" %2V68" 8'" %/#/&0*&7%" 1%/" 0'020&20?%/" 0'/-0+&'2%/" /8+" 1%"'68?%&86"2%++0260+%/N""

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

!$$$3#($,&"!)*")$/$&,"#"&')+0>$/"**")

)>:&44+60//%*%'2"1%/"+%26*$.%/"/640&)%/"1:8'"-+6#5%2" 1:0'/%+206'" -&+" )%" /-6+2" -%82" %607%+" 8'" 1.?%#

! 2'"0860")%"4!&'7%*%'2"1:.4!%))%"46'/2028%#2#0)"8'"4+>.+1);871)1+/9813+1)4+5).26;63-5)583.677)=07/);18 +-)65583.6-.9"F"

! 48%)/"/6'2")%/"+/ +77)58756-+/=75"-&+"8'%"1.*&+4!%"1%"1.?%)6--%*%'2"F""! E7+44+);463+)4+5);61-+/6.1+5)./5-.-7-.8//+45)8337;+/-6.45)=6/5)3+--+)='/62.:7+)

=+)28/-<+)+/);7.556/3+"T"4&2&)&/%8+/,"&446*-&7'&2%8+/,"1%/20'&2&0+%/"F"! 48%)/"/6'2")%/"91+./5)0)406281K6)+"1:8'%"0'020&20?%"1%"1.?%)6--%*%'2"F"! 48%))%/"/6'2")%/"=.99<1+/-+5)5-16-<).+5)=+)3!6/)+2+/-)=0<3!+44+";4+60//&'4%"

6+7&'008%,"18-)04&206',"%//&0*&7%,"%24N>"F"48%)/"/6'2")%/"&2682/"%2")%/";&0$)%//%/"1%"4%/"10?%+/%/"&--+64!%/"F"

! 2/2#0)"'.4%//&0+%"1%"5+)=<;48'+1))<8)16;!.:7+2+/-);871)1+/9813+1)40.2;63-)583.64)=07/+)63-.8/"F""

-%$/")&AO)

#8'.2'",2"/M3>2W89 "

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HR""

)6--%*%'2" +%';6+4." 1%/" +%//68+4%/" !8*&0'%/,"*&2.+0%))%/"%2";0'&'40O+%/N"",&'/" 4%22%"6-2008%," ):&446*-&7'%*%'2"18"-+65%2"-&+" )%/"-&+2%'&0+%/"%/2"8'" )%?0%+" 0'10/-%'/&$)%"&8"*&0'20%'" 1:8'%" 08&)02." 1:0'2%+?%'206'" )6+/" 18"4!&'7%*%'2"1:.4!%))%N""

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

"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""R"!22-TVV---N46!%/06'#2%++0260+%/N768?N;+V8="V-1;V*6$0)0/&206'#'&206'&)%#-68+#!&$02&'2/#08&+20%+/]!EHL#ER#HL]-%$N-1;!

)%/" %;;%2/" -6/020;/" 080" &" /6'2" +&22&4!./"T" 10;;8/06'"1%" ):0*-&42" /640&)" 1%" ):&4206'," &*.)06+&206'" 1%"):%;;040%'4%,"-.+%''0/&206'"1%"):&420?02."&//640&20?%,"%24N""

">%" -+64%//8/" 1%" 4!&'7%*%'2" 1:.4!%))%" -%82" .7&#)%*%'2" -+%'1+%" )&" ;6+*%" 1:8'" 1.?%)6--%*%'2"*"0'2%+'%" +" 4%'2+.," '6'" -&/" '.4%//&0+%*%'2" /8+"):%6-&'/06'" 7.67+&-!008%" 1:8'%" 0'020&20?%," *&0/""/8+")%" -%+;%4206''%*%'2" 18" ;6'4206''%*%'2" 1:8'"-+65%2N""

"5%" 2&-%" 1%" 1.?%)6--%*%'2" ?0/%" 9" &87*%'2%+"):0*-&42"/640&)"1%/"&4206'/"-&+")&"10?%+/0;04&206'"1%"):6;;+%," ):&4080/0206'"1%"'68?%))%/"46*-.2%'4%/"68"%'46+%" -&+" ):&*.)06+&206'" 1%" ):6+7&'0/&206'" )670/#2008%"1%/"0'2%+?%'206'/N"""""""

"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""L"*"1/!5@//%/.+.&-!-('!06-!#$'*+%-!%-!)$%/.+.&-!/1'&%-!-'!)/#'&41&)/'&%-!1+6=0-!-'!%$%-@+))$-!)/#!5@//!96'-#6/'&+6/@3!>@@-!0'&@&(-!@-!(-0!()+#'&:!1+##-!(0))+#'!$%01/'&:!/:&6!%-! '#/6(#-''#-!%-(!#-(4(/.-(!%-!)#$%-6'&+6!-'!%-!(-6(&!&@&(/'&+6!/0'!-6:/6'(3!>@@-!)-##-'!%-! (+0@-%-#! %-(! -6(-0'! (+1&/0'! -'! (/6&'/&#-(! %-! :/=+6! @0%&&0-N"+"!22-TVV;+N-)&&1&767&N6+7V;+!

!"#$%&'(" &)" *+,)&," -./0)+1$" *1'2" 3&"04/$5&6&$)" -.704&33&" -&," +$$18/9)+1$," ,10+/3&,":9! (7%'4%" 1:0'7.'0%+0%"%2" 1%" /%+?04%/" -68+" %'2+%-+%'1+%" &8#2+%*%'2";(78'2>,"$&'?0%+"!EHIN!

#68+"&))%+"-)8/")60'"U"

(61-.+)1#),.*&+4!%/,"*.2!61%/"%2"6820)/)

HL""

H<""

)$3"&$)$(-(%3%*%$*%5'!($!!"/%$*%5'!(

)$&*%'(6*( "#$%&'!)*+'+!I! -!+6%(0!

!E""

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

""

>6'#-'&-6!/%-1!;+33&,"</28/21$!,#-()+6(/!@-!%-(!)/#'-6/#&/'(!)0!@&1(3!-'!=1$$>"?,+3'3'!,#-()+64(/!@-!>#)@+&!-'!5$%/.+.&-!%-!J)+#'!%/6(!@/!K&@@-!9@-4%-4$#/61-3!" '&3"&,)"81)2&"2!3&""-/$,"3./,,10+/)+1$"#"",.44+5) *61>618/#)@" $%" /80/" 4!&+7." 1%/" -&+2%'&+0&2/"-8$)04/N"'6''&"%/2"+%/-6'/&$)%"1:0'/%+206'N"8)"7O+%")&" -&+20%" /-6+20?%" %2" $&/48)%" )%/" 5%8'%/" ?%+/" )%"?6)%2"*"0'/%+206'"+N"8)")%/"/802"0'10?018%))%*%'2N"'8+"4!&08%" /02%," 0)" &" &" 268568+/" 8'" +%/-6'/&$)%"

1:0'/%+206'" %2" 8'" .184&2%8+" /-6+20;N" >%/" .184&#2%8+/"/6'2"9" 20%+/" 2%*-/N"#68+"&//8+%+" )&"46*-).#*%'2&+02."&8"/%0'"18"-+65%2,"'68/"46*-).26'/"'6/"0'2%+?%'206'/" -&+" ):&--80" 1:.184&2%8+/" /-6+20;/"-+./%'2/"1&'/")%/"4)8$/"18"2%++0260+%N"""<&")2/8/+3"-&"3./,,10+/)+1$"0166&$0&"-1$0"+0+"",'2"3&")&22/+$"-&"$11)"#"",#*#)@" >:&//640&206'" %60/2%" 1%-80/" H<<LN" 2'" +.706'"-&+0/0%''%," 1%-80/" !EH!N" 68/" ':&?6'/" -&/"1:&'2%''%/" )64&)%/," )%" )0%8"1%"?0%"%/2"%'20O+%*%'2"

-3$5()&A1)

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!H""

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

HI" &'/," &?%4" '62&**%'2")&" +%4!%+4!%" 1%" /2&7%" 1%"=O*%"%2" )%/"-+%*0%+/" 4!606"1:6+0%'2&206'" 9" )&" ;0'" 18"46))O7%N"=&0/"'68/"/80?6'/"&8//0" $%&8468-"1%" 5%8'%/"-)8/" Z7./," %'2+%" HL" %2" !J"&'/," /8+" 1%/" 10*%'/06'/")0.%/" 9" ):0'/%+206'" -+6;%/#/06''%))%" 68" &8" 4!606" 1%/"

.281%/N" S" 4!&08%" .2&-%" 18" -&+468+/" 1:8'" 5%8'%"1&'/" )%" -+67+&**%," '68/" &))6'/" -+6-6/%+" 1%/"&420?02./"/-.40;008%/N",%/"?0/02%/"1:%'2+%-+0/%"-68+";&0+%" 1.468?+0+" 1%/" *.20%+/," 1%/" -&++&0'&7%/" -&+"1%/" -+6;%//06''%)/," 1%/" &4206'/" 40$).%/" /8+" )&" +%#4!%+4!%" 1:&)2%+'&'4%," 1%/" 4&;./" 1%" ):%*-)60," %24N" 68/" *%'6'/" &8//0" 1%/" &4206'/" 40$).%/" -68+" )%/"1.4+64!%8+/" -68+" )%/08%)/" )%/" %'5%86" 1%" /80?0"0'10?018%)" %2" 1%" +%*6$0)0/&206'" /6'2" -)8/" 0*-6+#2&'2/N"""

"#$%&'!)*+'+!I!J)+#'!%/6(!@/!K&@@-!

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!!""

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

1%" 4%+2&0'/" 1:%'2+%" %86,"4:%/2"8'"*&'08%"-+6;6'1"1%"46';0&'4%" %'" %86N" 68/"-68?6'/" )%/" /80?+%" /8+" -)8#

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

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

@!;+(!)#&61&)-(!I!-::&1/1&'$9!1+6:&/61-!-'!-6'#-)#&(-!4!

!=""

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

"

)

)

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!I""

-$%!")?$!%"!)*"()>$/"**"()+0%&'"!?"&'%3& "

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

-3$5()&A:)

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!J""

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`10+%42+04%"%2" 46#;6'1&2+04%" 1%"$6'-! @-! 70#a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

4!&08%" *%*$+%" 1%"):.080-%," %'" ;6'4206'"1%" )%8+/" $%/60'/N" @'"/.*0'&0+%" %/2" &8//0"6+7&'0/." &''8%))%#*%'2N" 8)" /:&702" 1:8'"/.*0'&0+%" '&206'&)"&808%)" 1%86" 68" 2+60/"*%*$+%/" 1%" 4!&08%".080-%" -&+2040-%'2N",8+&'2"2682"8'"-%%:#%'1," -)8/0%8+/" 2!.#

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

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

"#$%&'!)*+'+!I!$6'-!@-!70#!

!K""

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

9" )&" 33.N" 68/" 10/-6/6'/".7&)%*%'2" 1%" ):&7+.*%'2"*"$%8'%//%" %2" .184&206'"-6-8)&0+%"+" &0'/0" 08:8'"&7+.*%'2" 1%" )&" 5(3" 4&+"

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

@!C6-!/((+1&/'&+6!&0&!62$%+@0-!)/(9!&0&!6-!1#$$!)/(!-'!6-!1*/6.-!)/(9!-@@-!#-0#'!

2!)-'&'!:-0!0!4"

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!R""

'&3" ,1$)" 3&," /')2&," /8/$)/5&," " -.'$&" 01$,)+)'9)+1$"&$"03'("#""##$#)@"982+%")&"-6//0$0)02."1%";68+'0+"8'%")04%'4%"9"'6/"5%8'%/,"4%)&""-%+*%2"1%")%/"0'/4+0+%"%'"268+'60N" 68/"'%"-68?06'/"-&/" &44.1%+" &86" 46*-.20206'/,"&8-&+&?&'2N" >%/" /%8)/" %';&'2/" 080" -68?&0%'2"/:0'/4+0+%" %'" 46*-.20206'" .2&0%'2" 4%86" 080," -&+"&0))%8+/,".2&0%'2"0'/4+02/"1&'/"8'"4)8$"18"2%++0260+%N"8)/" .2&0%'2" -%8"'6*$+%86"-&+" +&--6+2" 9" )&"*&//%"1%/" 5%8'%/"1%"$6'-! @-!70#N"(8568+1:!80," )6+/08:0)/"/:0'/4+0?%'2" 9" $6'-! @-! 70#," 0)/" /6'2" &826*&2008%#*%'2")04%'40./"%2"-%8?%'2";&0+%"1%")&"46*-.20206'N"'0" '68/" 6$/%+?6'/" 08:8'" 5%8'%" -+67+%//%," '68/"-68?6'/" %'?0/&7%+" 1%" ):0'/4+0+%" %'" 268+'60" *&0/"'68/" ?%0))6'/" 268568+/" 9" ):&446*-&7'%+," )%" 4&/".4!.&'2N"22+%"8'"4)8$"'68/"-%+*%2,"%'"+./8*.,"1%"'68/"0'/4+0+%"1&'/"8'%")67008%"1%"1.*64+&20/&206'"-)8/" )&+7%U" 68/" +%/26'/" &0'/0" -)%0'%*%'2" 1&'/"):%/-+02"0'020&)"1%"H<<KN""

"""" "

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!L""

)

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

)>6'#-'&-6!/%-1!''3&,"=+2&!,%&#-1'-0#!%-!@2/((+1&/'&+6! -!+6%(03!"9166&$)"&,)"$7"3&"!"-21%&)":$,&2)+1$"?'5(>":#"N74+5) (.1+#)@" 62+%" -+65%2" -!&+%" *"8'/%+206'" /87#$&"+" /:%/2" 1.?%)6--." %'" !EEI" &8" /%0'" 1%"):&77)6*.+&206'" 268)68/&0'%N" 8)" /:&702" 1%" ):&4206'";6'1&2+04%"1%" ):&//640&206'N".68)68/%"%/2"8'%"?0))%"*6'10&)%*%'2" 46''8%" 7+Z4%" &8" +87$&" %2" 9" /6'"&'4+&7%" 48)28+%)" ;6+2N" =&0/" -&+&166&)%*%'2," )%/"

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

-3$5()&A2)

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

!<""

2%++0260+%,"'68/"&?6'/"0'?%/20")%"2%*-/"/46)&0+%,"4%"080"'68/"-%+*%2"1%"40$)%+"2682%"8'%"2+&'4!%"1:Z7%"58/08:9" HK" &'/N" @'%" -&+20%" 46'/.08%'2%" 1%" '6/"&4206'/" /%" 1.+68)%" %'" /2#" %2" /2#b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

S"-&+20+"1%"4%"10&7'6/204,"'68/" ;066'/" 1%/" 6$5%420;/"9" 468+2," *6&%'" %2" )6'7"2%+*%N" >%" $82" %/2" &)6+/"1:01%'20;0%+,"1%"10&7'6/20#08%+" %2" 1:6+0%'2%+" )&" ;&#*0))%," %'" ;6'4206'" 1%" /%/"-+6$).*&2008%/," ?%+/" 1%/"10/-6/020;/" 1%" 1+602" 46*#*8'";5#(=,"*&0/6'/"1%/"/6)01&+02./" 18" 56'/%0)"

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

"""""""""""""""""""""""""""""""""""""""" """""""""""""""""""HE"/./%&8"1%"-+.?%'206'"%2"1%"-+0/%"%'"4!&+7%"1%")D6$./02."%'"-.10&2+0%N!

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

"#$%&'!)*+'+!I! -!+6%(0!

=E""

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

20%+," 9" )&" -+&2008%" ;.*0'0'%"%'4&1+.%"-&+"1%/";%**%/,"4%"080" -%+*%2" 1%" 2%*-.+%+" )%"*&+08&7%" -+%/08%" %64)8/0#?%*%'2"*&/48)0'"1%/"%/-&4%/"

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

@!1-!1@0!!%-!#0.!/!)-##-'!/0'!(-06-(!:&@@-(!%-!(2$#/61&)-#!%-!1-!&02-@@-(!%&%-6'!%/6(!@-(!&0/#'&-#(3!4"

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

=H""

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

"" "

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

=!""

)*")N"5)((3!'%-)$5)("!?%$")+5)+>?"*3(("#"&')+")*0"((!%')$!%'%E5")+"()N"5&"(),2">("59@/'",2"*"/M5/M"+"(@",M((."'@/">(">(85c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

-3$5()&AM)

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

==""

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o .4!&'7%+"*"9" 4!&81"+" /8+" ):%6-.+0%'4%"?.48%"

)6+/"1%")&"/.&'4%"%"o 0'2%+&70+" &8268+" 1%/" 2%*-/" ;6+2/" 1%" )&"

/.&'4%"%"o 01%'20;0%+")%/"*%//&7%/"4)./"9"+%2%'0+N""

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

):&''.%"%'20O+%N""9166&$)"+-&$)+$+&.981',"3&,"7)/(3+,,&96&$),"/8&0"3&,4'&3,"81',")2/8/+33&."#"""###)@" #68+" )%" 2%*-/"-.+0/46)&0+%," '68/" ?%0)#)6'/" 9" 2+&?&0))%+" /8+" )&"46'20'802." &?%4" )%"2%*-/" /46)&0+%" %2" '68/"&16-26'/" 268568+/" 8'%"&--+64!%" 2+&'/?%+/&)%N"S" 4%2" .7&+1," '68/" +%'#46'2+6'/"%'"-+06+02.")%/"

10+%42%8+/" 1%/" /%+?04%/" *8'040-&86"T" 5%8'%//%,".184&206'," /-6+2/N" 68/" /6**%/" %'" )0%'" &?%4"10?%+/" &42%8+/" 1%"-+660*02.," /%)6'" )%/" /-.40;0402./"18"2%++0260+%"%'"08%/206'N"""""%1',")2/8/+33&."/8&0"3&,"03'(,",*12)+$,""/',,+"#""###)@" 8)"%/2"10;;040)%"1%" +%'2+%+"1&'/" )%"*0)0%8"1%/"4)8$/N" 5%+2&0'/" .184&2%8+/" /-6+20;/" 820)0/%'2" )%"/-6+2"9"1%/";0'/"080"'%"/6'2"-&/"268568+/"46*-).#*%'2&0+%/"&?%4"'62+%"-.1&7670%N"8)/"6'2"8'%"?0/06'"

"#$%&'!)*+'+!I!5@//!96'-#6/'&+6/@!

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

=I""

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

"""""""""""""""""""""""""""""""""""""""" """""""""""""""""""HH"8)" /:&702" 18" /%8)" :02" 46'A8" &8268+" 1:8'%" 10/40-)0'%" /-6+20?%" %'"-&+2048)0%+N"!

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

206'/" 1:%'/%07'%*%'2,")%/" -%+/6''%/" ':6'2"-&/")%/"*)*%/"+%//%'#20/"'0" )%/"*)*%/"08%/#206''%*%'2/N" 5%+2&0'/"+.&)0/%'2")%8+/"/.&'4%/"

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

@!D#/%/&@@-#!/0'+0#!%-!@/!@/E1&'$!+0!%0!#/1&(#-!)-0'!(-!#$%$@-#!1+#)@-'-3!1/!%/@-0#!/(+0'$-!%-!6+'#-!#$'*+%-9!12-('!%2&#/.&6-#!06-!)$%/.+.&-!

&0&!:/1&@&'-!@-!%$!/'!/%-1!@-(!(-06-(3!4!

(61-.+):#)#&'6+&*&"1:0'020&20?%/"&//640&20?%/)

=J""

""

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

"

" "

$7-+71)@)/&-!&d)">6",84&";56**0//&+0&2"7.'.+&)"9"):.7&)02."1%/"2%++0260+%/"e"5"2.>"

=K""

"""