Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698078719196.pdf (Sierra Leone)
Aq D52 OFID The OPEC Fund for lnternational Development LOAN NO.1445P MATOTOKA-YI\'E ROAD PROJECT LOANAGREEMENT BETWEEN THE REPUBLIC OF SIERRA LEONE AND THE OPEC FL'ND FOR INTERNATIONAL DEVELOPMENT (OFID) DATED JUNE 26, 2012 t. OFID The CPEC Fund for lnternational Deve opment AGREEMENT dated June 26, 2012, between the Republic of Sierra Leone ("the Borrower") and OFID.
Whereas the Borrower has requested a loan from OFID for part financing ofthe Project described in Schedule l; And whereas OFID has approved a loan to the Borrower in the amount of ten million Dollars (S10,000,000) upon the terms and conditions set forth hereinafter; Now, therefore, the parties to this Loan Agreement (the "Agreement") hereby agree as follows: Article 1 GENERAL CONDITIONS DEFINITION S 1.01 The General Conditions attached hereto shall constitute an integral part of this Agreement.
1.02 In addition to the terms defined in the preamble, the following terms and expressions shall have the following meanings or, where they duplicate terms and expressions in the General Conditions, the following specific meanings: (a) "Authorized Representative of tire Borower" means the Minister of Finance and Economic Development of the Borrower; (b) "Closing Date" means December 3 I , 201 5; (c) "Dollar and the sign $" mean and refer to the lawful currency of the United States of America; I !
OFID The OPEC Fund for lnternational Development (d) "Eligible Expenditure Commencement Date" means April 12,2Ol2; (e) "Executing Agency" means the the Sierra Leone Roads Authority (sLRA); (0 "General Conditions" means OFID General Conditions Applicable to Public Sector Loan Agreements, December 2007; (g) "Grace Period" means the period beginning on June 26, 2012, and ending five (5) years from that Date; and (h) "Loan Administrator" means the African Development Bank.
Article 2 THE LOAN 2.01 OFID agrees to lend to the Borrower and the Borrower agrees to borrow from OFID the Loan in the amount of ten million Dollars ($10,000,000) on the terms and conditions set forth in this Agreement.

2.02 The Bomower shall pay interest at the rate of one per cent (1%) per annum on the principal amount of the Loan withdrawn and outstanding.
2.03 The Borrorver shall pay a Service Charge at the rate of one per cent (loh) per annurl on the principal amount of the Loan withdrawn and outstanding.

2.04 Interest and Service Charges shall be paid semi-annually on January l5 and July 15 in each year into OFID Account.
-2- OFID The OPEC Fund for lnternational Deve opment 2.05 Immediately follorving the end of the Grace Period, the Borrower shall repay the principal of the Loan in Dollars, or in any other freely convertible currenc)/ acceptable to OFID Management, in an amount equivalent to the Dollar amount due according to the market exchange rate prevailing at the time and place of repayment.
Repayment shall be effected in thirty (30) semi-annual instalments in the amounts, and on the dates, all as specified in Schedule 3 (AMORTIZATION).
Article 3 EFFECTIVENESS 3.01 This Agreement shall enter into force and effect in accordance with Section 3.02 upon receipt by OFID of: (a) satisfactory evidence that the execution and delivery of this Agreement on behalf of the Borrower have been duly authorized and ratified according to the constitutional requirements of the Borrower; (b) a certificate issued by the Minister of Justice or the Attomey General or any other competent legal authority of the Borrower confirming that this Agreement has been duly authorized and ratified by the Borrorver and constitutes a valid and binding obligation of the Borrorver in accordance with its terms; and (c) evidence that the loan or other financing agreement between the Loan Administrator and the Borrower for financing the Project has been declared effective or will be declared effective concurrently with this Agreement.
3.02 As soon as possible afterthe conditions specified in Section 3.01 shall have been satisfactorily fulfilled, this Agreement shall enter into full force and effect on the Date ofEffectiveness.
-J- OFID The PEC Fund for lnternational Development 3.03 If this Agreement shall not have become effective within ninety (90) days after the Date of the Agreement, the Agreement and all obligations of the parties hereunder shall terrninate, unless OFID Managernent, after consideration of the reasons for the delay, shall establish a later date for the purposes of this Section.
Article 4 ADDRESSES 4.01 The parties' addresses are as specified below: For the Borrower: The Ministry of Finance and Economic Development Treasury Building George Street Freetown REPUBLIC OF SIERRA LEONE Facsinrile: (++232-?2) 22 84 7 2 For OFID: The OPEC Fund for Intemational Developrnent Parkring 8 A-1010 Vienna AUSTRIA Facsimile: (++43-l) 513 92 38 -4- OFID The OPEC Fund for lnternational Development LOANNO.
1445P IN WITNESS whereof the parties hereto, acting through their duly authorized representatives, have caused this Agreement to be signed and delivered at Vienna in two copies in the English language, each considered an original and both to the same and one effect as ofthe day and year first above rvritten.

FOR Tt{E BORRO\\IER: Sienature: Name: H.E.
Jongopie Stevens Title: Ambassador of the Republic of Sierra Leone to Germany FOR THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT (oFrD): Signature: Name: Title: eu1lan J. Al-Her Director-General / I -5- OFID The CPEC Fund for lnternational Deve opment REPUBLIC OF SIERRA LEONE MATOTOKA-YIYE ROAD PROJECT SCHFDL]I-E 1 DES CRIPTION OF THE PROJECT The Project consists of the rehabilitation of the first section of the Matotoka-Sefadu road linking Matotoka to Yiye over a total distance of 70 krn.
The Project encompasses the following colnponents: (a) Civil Works: This component includes the rehabilitation works for the 70 km inter- urban road between Matotoka and Yiye to a modem paved road.

The rehabilitation works shall also cover environmental and social rnitigation measures as well as some cornplementary initiatives (works) encompassing social infrastructure.
These include the rehabilitation of 20 km of feeder roads; the rehabilitation of three primary schools (provision of classroom blocks, sanitation and water facilities) in Masingbi, Makali and Ngo torvn/Yiye; rehabilitation of a health center in Masingbi; and irnprovements to one market in Matotoka.
(b) Consultancv Services: This component includes the supervision serices for the construction of the civil works; and the services for the monitoring and evaluation of the project environmental and social impacts.

(c) Proiect Audit: This component includes the Financial and Technical Audits for the project.

(d) Cornpensation and Resettle!l]cn][ The project will trigger involuntary resettlernent as a result of its activities.

Project Affected Persons (PAPs) will be compensated and resettled.
It is estimated that a total of 2,487 persons for the entire road are to be affected.

The Project Affected Persons for Section I (Matotoka - Yiye) is estimated at 1,186 persons and 1,301 persons for Section II (Yiye - Seladu).
-6- OFID The OPEC Fund for lnternational Development REPUBLIC OF SIERRA LEONE MATOTOKA.YIYE ROAD PROJECT SCHEDULE 2 LOAN ALLOCATION t. Unless otherwise agreed between the Borrower and OFID Management, the Loan proceeds of S 10,000,000 shall be utilized towards financing 25.1% of the Civil Works component of the Project as described in paragraph (a) ofSchedule I ofthis Agreement.
2 Notrvithstanding the allocation of an amount of the Loan or the disbursernent percentages set forth in the table in paragraph I above, if OFID Management has reasonably estimated that the amount of the Loan then allocated to any cornponent will be insufficient to finance the agreed percentage of all expenditures in that component, OFID Management rnay, by notice to the Borrower: (i) reallocate to such component, to the extent required to rneet the estimated shortfall, proceeds of the Loan rvhich are then allocated to another coulponent and rvhich in the opinion of OFID Managernent are not needed to meet other expenditures; and (ii) if such reallocation cannot fully meet the estimated shortfall, reduce the disbursement percentage then applicable to such expenditures in order that further withdrawals in respect of such component may continue until all expenditures thereunder shall have been made.
-7 !

OFID The OPEC Fund for lnternational Development REPUBLIC OF SIERRA LEONE N4ATOTOKA-YI\'E ROAD PROJECT SCHEDI-TT,E 3 AMORTIZATION No Date of Repavment Amount Due (Expressed in Dollars) I 2 J l0 11 t2 l3 t4 15 t6 t7 is l9 20 2l 22 .
:J 21 25 lo 27 28 29 30 JJJ,JJU JJJ,JJU JJJ,JJU 333,330 JJJ,)JU 333,330 333,330 JJJ,JJU JJJ,JJU JJ),JJU 333,330 JJJ,JJU JJJ,JJU JJJ,JJU JJJ,JJU 333,330 333,330 333,330 333,330 333,330 333,330 333,330 333,330 333,330 333,330 JJJ,JJU JJJ,JJU 333,330 JJJ,JJU 333.430 10.000.000 July January July January July January July January July January July January July January July January July January July January July January July January July January July January July January 15,2017 15,2018 l5,20lg 15,2019 15,2019 15,2020 t5,2020 15,2021 15,2021 15,2022 15,2022 15,2023 15,2023 15,2021 15,2024 15,2025 15,2025 t5,2026 15, ?.026 15,2027 15,2027 15,2028 15,2028 15,2029 15,2029 15,2030 15,2030 15,2031 15,2031 15,2032 Total: -8- v J'L IFAD Enabling poor .ura, paopl€ to overcome pov€rty 5 lune 2012 Mr Minister, Re: REPUBLIC OF SIERRA LEON E: Grant No.
DSF-8001-Loan No.

I-873A- SUGrant No.

I-DSF-EQO!A:S-L (Rural Finance and Community Improvement Prooramme) Amendment to the Proqramme Grant Aoreement 1.
We refer to the Grant Agreement dated 25 lune 2007 between the Republic of Sierra Leone (hereinafter referred to as "the Recipient/Borrower") and the International Fund for Agricultural Development (hereinafter referred to as "the Fund" or "IFAD") for the execution of the Rural Finance and Community Improvement Programme ("the Programme"), as amended on 26 November 2008 and 3 November 2009. we also refer to the understanding among the RecipienvBorrower and the Fund to seek the approval of IFAD supplementary financing for the implementation of the Programme.
2. we are pleased to inform you that the Executive Board of the Fund has agreed to extend to the Republic of Sierra Leone a supplementary financing for the implementation of the Programme, in the form of a loan equivalent to six hundred ninety-five Special Drawing Rights (SDR 695 000) and a supplementary grant equivalent to six hundred ninety-five Special Drawing Riqhts (SDR 695 000).
3. follows: Therefore, based on the foregoing the Grant Agreement rs hereby amended as I. Marn text of the Agreement (a) The terms "Grant Agreement" and "ReciPient" shall be replaced by "Financing Agreement" and "Recipient/Borrowe/', respectively, throughout the text of the Agreement.
(b) The first WHEREAS (A) shall read: "WHEREAS (A) the Fund has agreed to extend to the RecipienvBorrower a grant, a supplementary grant and a loan (together, the "Financing") for the purpose of financinq the Rural Finance and Community lmprovement Programme described in Schedule I to the Agreement (the "Programme") : " The Honourable M,nister for Finance of the Republic cf Sierra Leone F!

'eetown hlernalonal Fund for Agricullurat Del/e{oprnelll Vja Paclo di Ooru.

44 00142 Roma.
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The NCU shall deliver the above-mentioned items to the Fund within six months of the end of each such Fiscal Year.

The NCU shall submit to the Fund the reply to the management letter of the auditors within one month of receipt thereof!.

(p) Sections 5.01 and 6.02: The term 'crant Account' shall be replaced by 'Grant, Supplementary Grant and Loan Accounts' (q) Section 8.02: The term 'Grant Documents" shall be replaced by "Grant, Supplementary Grant and Loan Documents'.
(r) Section 8.04: The term "Grant'shall be replaced by'Financing'.

II.

Schedule 2 is replaced in its entirety by Annex A of this Amendment Letter.

Except as expressly modified hereby, the Programme Financing Agreement remains 3. unmodifie.d and in full force and effect.

4.
4.

If this proposal is acceptable to you, we have the honour to request that you countersign the six copies of this Letter and retum three coples to the Fund, thereby constituting a formal agreement between the Republic of Sierra Leone and the Fund which shall become effective as of the day the Fund receives the instrument of ratification from the RecipienVBorrower.

Accept, Mr Minister, the assurances of my highest considerauon.
e5 ld de Willebois Director West and Central Africa Division Programme Management Department CoNFIRMED: REPUsuc oF SIERRA LEoNE ) wq- Fl oJ [Ctn-.cr^- I (Authorized Representative) H.__fX".- "--.r- \r-c<- Signed in Freetown, Republic of Sierra Leone on ,3 -I.^-l-- .

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'luatua6eueu f,rsPq pu" AtrpJaIl leuorllunJ lo uorsr^radns pup 6urqtreo3 '6ururerl JoJ pue ssalojd uotlaedaJd aurujEJ6ojd-qns ur sarlrunuJll]ot aql lslsse ol aujurejoojd aql Aq pa)leJluol sjapt^oJd alrruas ro srolplrll]pJ rol aJn}puadx3 a1qrbrl3 Aue sueau., ,,slf,eJluo] Japr^o.rd afrruas,, 'V luauod[!o) saf,rruas lertrueuU lpJnU ot ssa]lv aql Jo l-red se apl^oJd Iaql sueol ,o uorlernp aql uaqloual pue oulpunj Jo afjnos Jlaql lJrsra^rp ol sgl ol sueol u.ual-6uol Durprnord ualp arnlrpuadxf alqt6rl3 Aup sueau ,,I1loe3 alueuuau,.
aql Jo Ued sp uor]fnpoJd ol anlp^ 6urppe salgrunuuof, le)ol ur sarlrArlf,p 6u!lpraua6-auJof,u!

pup ueld luauJdola^ap aql ur paurluapr stla(oid-qns Arunl.ULuol atlf (q) pue lsluaulalduJt pue sloot ,paas Jo uorsl^ord aql qonojqi $aulrel ol loddns eql (p) :Joj pulsro n6npeuto) u!

spte^^ IZ aql u!
spte^^ IZ aql u!

pa]Jntrur arnlrpuadx3 a1qr6113,(ue sueau:,,punj luaurdola^ao 'g luauoduol luaurdolanaO ^ltunujlrio3 ^lrunuJurol., 'sueld pue slapour lso€ aqt qllM alueprofl" ur oulplnq luPq ,vlau e Jo uorpnJlsuof, aq:l Jol aJnllpuadxf alqrbtlf lue sueau ,,slloM lt^tl.. aql e^eq stural 6urmo;;o1 aql 'Z atnpaqrs stql Jo sasodind )o) 'suot)tulJa1 ueye) :s6urupau 6utMollol .Z 6ro'pB!

Mr^d:a1!6 qaM 6io pelope, l|elir j 09rer09 90 6e+ ,el !6sr9 gO 6e+ : |ei der 'aulou z, Loo r?
'ouod rp qa€d er\ l.raudoF.€C lertllnsr6y ioi prnj puolleLjl€rul ur olaall 3uoal elars Jo )llqndau aql ,o atrueuu loJ ralslull,'l alqernouoH aql , : (,,auitU"r6ord,.
3rll) lual'UaarOV aql ol I alnpaqfs ur paquf,sep aururejboJd luatUa^oidtll Altunuru:o3 pue afuPuU le,nu aql 6u;rueug ro asodjnd 3ql loJ (,6uDueulJ., aql 'Jaqla6of) ueol e pue lueJ6 iJeluauralddns e'1uej6 e Jafiorjo€nualdlDu aql ol puaua ol paar6e spq punl aqt (V) SVIUfHM., :pPar lteqs (v) svlu:ga,r ls.,U eql (q) 'luauraar6V aql Jo Ual aql lnoqonoJql 'Ala^lpadsar ',Jar oJog^uald!
)au,, pue ,,luauJaal6v ou!f,ueuu,, Aq paleldar aq lteqs ,,lualdllad,, PUe ,,luau.laajOV luel9" suJal aq1 (e) tuauraarov aql Jo lxal utew I :sl olloJ sp papuaure Aqaraq sr luauJaar6v lue:g aql 6u;o6arol aql uo Paseq 'aJoJaJaql E '(0OO 969 tos) slq6ld 6uraaer6 lerrad5 a^U-ltaulu parpunq xrs ol tuale,rtnba tue.r6 ,(Jetuaualddns e pue (ooo s69 uos) strl6!u 6ulMPJo ,e;radg a,rg-,!auru parpunq xls 01 luale^rnba ueol e ,o [!Jo] aql u!

'alul"uer6ord aqt Jo uolleluatualdur!


aq1 ..rol 6ur:ueug fuquaualddns e ouoa'l P.lats ,o trllqndeu aql ol pualxa ol pear6e seq punl aql Jo pjeog a^llnlaxl aql leql no^ u..tJoJUt ol peseald ale al 'Z 'auiurer6ord aql lo uolleluauJaldur aql roJ 6urf,ueuU fuptuaurelddns OVII Jo lp^ordde aqt laas ol punl aql pue JaMoJJog^uardr)a!

aq1 6uoLue 6urpuelsrapun aql o Jalal osle aM '600z iaqlua^oN € pup Booz raqure^oN 9Z uo papuaure se '(,,awuer6or6 aql,.)
aurueJ6oJd luaurano]drll Arunuruol pue af,ueurJ lejnu aql Jo uolln)axa aql roJ (,,OVlt,.
-ro ,,punl aql* se ol parJalar Jalleur3Jaq) luatudola^ao leinllntru6V rol punl leuollpuralul aql pue (,,JaMo.uo€Auardr)au aql.. se ot parJa:ral Jaueuraraq) auoal e.uars Jo rrlqndau aql uaa,nlaq ZOOZ aunt SZ palep tuauraaJov luerg aql ot raJar aM I IEEEET6o-rd--fUaEE oTdETEiIIEEoatpors5UEEE-iEmE) ]s-Vro[s-fSO-I'6il-1utrr5ns -VEZ8-T .oN ucol: I008:jso 'oN luer9 ::lNoEi=[ wu]ls Io- -I=l8Rzi:iE :au 'Jatsru[,'l rW zT0z aunt s ,(uerrod eui63;6,qq 6l rdood lErnr ,ood ouuqeuf ovlt]f G z 'punl aqt lq paldaf,f,e pup JaMor.ro€Auardrfau aql Aq pasodoJd suorlrpuol pue suJJal uo luaurq:,eue ro arnTras JJo-las lsureoP papaloJd aq lletls ]unof,f,v lerf,ads aqI 'spaaf,ord luerg fueluauJalddns pue ueo'I eql 6urnra:a.r Jo asodjnd aqt Jol Jeltop salels pallun ul paleururouap tuno)lv telrads e 'punJ aql paldatrtrp pue JaMoro€Auardtfau aql Aq pesodoJd 1ueq leDrauuoJ p ur urelurpru raupa.raLll pue uado lleqs Ja^ oJJog^ualdllau aql 'alqellppJd se uoos sV (tr) ^q 'tunof V )tueg tuerg aqt aleJado Allulo[ ot pasuoq]ne Altnl aq tteqs nfN aql lo aluPuu pue uoqPrlsrur.llpv lo PeaH aql PUe rol?urProol ]traford aq1 's€d/v\V aql qIM af,uPprotrfe ur aulll ol au.jt] tllolJ lunof,fv luP€ luejg aql qsrualda: lleqs punl aq1 'lunoJrv lue€ luerg at{l olur lunouJe q:ns }sodap pue raMorJog/tua1d1:ay aq1 Jo Jlpqaq uo tunotrtrV tuerg aql uorJ 000 0O/ OSn ol dn Jo ler\^eJpqltM arou, ro auo aleu lleqs punl eql 'rea1 atuuler6oj3 $JU eql JoJ gdMV aql qllrrr af,uPProf,f,e u!
pue lsanbaj s,ra^ oJrog^ualdrfau aql uodn 'pauado Alnp uaaq spq lunoflv lupg tuerg aql raUV (q) 'pun1 aq1 Aq paldarle Pue ra^ oJJo€nuerdrtrau aq1 iq pasodoJd suorlrpuor pue suJral uo luauJqf,eue Jo arnztas '#o-las lsure6e lueJg aql 'spaaf,ord luejg burnra ar pallalord aq lleqs lunof,lv lue€ Jo asodrnd aqt roj rellop salels pa}un ur Paleulurouap lunolfv IueS tueJg e 'punl aql Aq paldarre pue JaMorogAuardo€U aql pasodord Iueq lerf,rauu.ro) e ul uleluteur Jauearaql PUe uado lleqs ra^ ojlognuardrf,au aql 'alqerlpeJd se uoos sv (e) 'wnn)v pDads pue )unoDv 4ueg )uu9,\ ^q :pear ol papuau.re sr tO'Z uorllas (q) ,,'sarnlrpuadx3 a9q16113 1o padsa.r ur sarfuaJJn) snolren ur aleo 6ulsolf 6ulluPulj aql Pue aleo e^rpalJl aql uaaMlaq aurll ol au.rl uJor] slunotrf,v upo'l pue 1uer9 fue1uauralddn5 '1ue:9 aql urorJ sleMeJpqlr,'^ lsanbaj Aeu .laMoJJogn uard!f,au aq1 'Ala^rl)adsal 'olajaql ueo.l pue luerg fueluauJalddns 'luer9 aql Jo slunouJe aql IpaJtr pue raMorJo€Auald!
)aE aqt Jo aureu aql ur lunolf,V ueo-l e pue lunotrfv lueJg ,Qpluaurafddns e 'luno)trV lueJg e uado llpLls punl aq]- 'sp$eJpLfitlv pu" lunoDv ueoT ')uno))V 1uer9 fuquauaqdns ')unoDv luplg ZO'Z uolltras, ppar ol papuaure sr ao'Z uottf,as (6) , aujueJoord aql ourtrueuu Jo asodrnd aql iol (.ueot,, aql) (ooo s69 UOS) s1q6r5 ourare.rq letfads puesnoqt a^U-Aiautu paJpunq xrs Jo lunouie ledDuud aql ut ueol e pue (,,luelg AJeluaualddns., aql) (0OO 569 UOS) str.l6!U EutMelo let)ads pupsnoql a^tl-^tautu parpunq xrs Jo lunoulp ledlluud aql ut luel6 AJeluaualddns e l(,,1ue.19., aqt) (O0O 056 S UOS) s1q6rX 6u1me.i6 teDads pupsnoql U, pue parpunq auru uorlllur a^U Jo lunouie ledDuud aql ut lueJg e :raMo.l.ro€/tuatdtf,au aqt ol pualxa ol saajoe punj aq1 '6ur:ueur3 aql .IO.Z uorllas.. : pear ol papuaulp sl I0'Z uotpas 0) '.6ul)ueurJ,, :paltltua aq ller.ts II apluv (a) 6urso13 6ur:ueu13,.
pear lleqs ,aleo 6ursoll ruerg* ural ,uoo,uo", j,ir'll (p) "u, ,,'luaLuaaJ6V slql ut JoJ las suo,trpuof, pue sulJal aql uo .r3rv\oJlo€Aualdpau 3ql ol ueol e pue luel6 e'lupJ6 e pualxa ol paa]6e seq punl aql ,uotlpjaptsuotr Jaqlo pue a^oqe aql Jo srseq aqt uo ,SV3U3H^ r :peal lleqs SV:IU]HM puolas aql ^Jplualualddns ()) E iueS tueig aLlt Jo uorleJado allt pue a.rnlPuadxa Jo sluauJalels paurual aql uo uolurdo ue (r) :apr^ord lleqs srollpnP aql 'sluaruatels lerrueuq aql uo lodar lrpne aql ol uorllPpP uI suolllPUof lelauag aql ,o (slunoflv Jo tlpnv) €0'6 uolDas qllrr^ a)ueplof,f,e ur 'aleo oulsol] ourluPulJ aql llun 'aulll ol atxrl rxorl papuaurE aq Ael'u se'gooz,,(asn s,JaMor-rog) silPnv paiord uo saurlaprnS., s,punj 3ql pue 'ourllpnv uo spJePu"ls leuorleural(rl aqt q}M atrueProlf,P ur srotrpne q)ns JeaA lelslj llf,Pa palrpnP aururploord aql ol 6urlelej sluauJalels lpr)ueuU aql a^eq lleqs raMoJrog^ualdrf,eu aql (q)., ^q sMolloj se paPuatle s!
(q) zo's uo0res (o) ',,6u1:ueu13 aql Jo uollellaf,uef lo stuaurnf,oc ueol pup tueJg fueluaujalddnS 'iueJg aq1 ol uollp)Ulpor!

ur llnsal Aetu suorlppuaulurotrej qlns leql poolsJapun pue paar6p sl ll 'punl aql ,o uolltreJsne5 aqt o1 pue ioJajaql aurn peullads aql urqlrM paluetualdur are Marlau ural-pl6 aql u.ro4 6u0nsal suorlppueuitxo3ar aql teq!
ajnsua llEqs ra,\ orJoE^uardr3au aql (q)., :pear eqs (q) EO'u uolpas (u) aq eqs ,,tuerg aql1, tllrat aql :tO 8 pue ZO'8 '90 8 'S0 t 'ro'E suollras (tll) ',,6urtrueulJ aql.. Aq pe)eldar ,,'luaulaal6y stql;o sasod:nd JoJ AruarrnJ luaur^ed al!ruas upo-l aql aq lleqs etuauJv ro salels potlun allt lo buarrnl aqt 'l)uatn) luau{ed e1lNes ueol /0'Z uolpas,, : sl\/\ollo] sp pappp sr /O Z uortlas Mau V (l) ,,',(tuar;n3 luaurAPd af, r,l.taS ueot aqt ur 'Z9OZ qtrrpr,l 1.I uo atqeled 'rr9'I1 UoS lo luaule$ur teurl auo pue 'ISOZ raqureldas rI uo Eulpua pue ZZ1Z raqLualdas l.T uo 6uDuaurulol 'Jaqlrialdas rI pue qf,]eN tsl qtree uo alqe^ed 't8s'II uos lo quaurlelsur lenuue-ruJas lenba 65 ur ueol aql Jo lunol'Ue ledDUud 6ulpuelslno llpr.ls raMoJognuardrf,a8 aql 'ueo1 )o slueuApdabl '90'Z uotltras,, aql ^pdal : sMolloJ se paPpe sr 9O'Z uolpas /vlau V (l) ,,-AtruarJnJ luauJ^ed atrrruas ueol aql ur raquratdas ,sI pue qlJehl EI qrpa uo A pnuue-ruras alqe^ed ',alurl ol aurl r"uoJi ourpuplslno ueol alll Jo luno[!e aq] uo urnuue Jad o/osL'O Jo a eJ alll le aOJeqf, atrrruas e punl aql ol lleqs raMo.lroE^uardr)a8 aq-L abJeq) nt^Jas 'SO'Z uotpas,, ^ed srvlolloJ se paPpe s!
S0'Z uotpa5 r*au y (0 ',,suorlpuo3 leJauag aql pue luauaar6v stql q}/v\ arueprotte ut sarnlrpuadxf alq16r;3 a:ueug ol Ala^rsnllxa 6uDUeurJ aql lo speaf,ord aql asn 1leqs A1e6 auureJ6ord qtrpa pue raMoJo€n uardrf,au aql 'spaaloJd jo asn,, :pear lle(ls t0 Z LrorlJas (l) ,,'lunollv lerladS aql alerado Alluro( ot pasrJoqtne illnl aq eqs nfN aqt lo e)ueurj pup uorleJtstututpv Jo peaH aqt pup roleurproof llaford aq1 'sgdi V aql qllM af,upprof,f,e ur aurll ol aurl rxo.rJ lunof,lv lerf,eds qslualdal lleqs punl aqt 'lunoff,V lptf,ads aqt olur tunouie qtrns lrsodep pue raMoriogn uatdrf,au aql lo Jleqaq uo Ala^lpadsai slunollv upol pup luag ,Ueluau:alddns aql uo4 OOO OOI OSn ol dn Jo leMpJpqlrM a.rou, lo auo a)ie[!
llpr..ls punl aq] 'lea^ aLutueJooJd IsrU aql loJ gdMV aql qlrM af,uepjotr)B ut pue tsanbal s,raMo.uogAuatdr)au aqt uodn 'pauado Alnp uaaq seq lunof,f,V leDads aql raUV (p) 'ztoz .rr1,"'.r t'/ uo auoe'l errats Jo f,tlqndau ,uMolaau u!
pau6;5 >)f "T- 6 -r,'rrr-rrv)1 |r'h A pnrnu.r"rday pazpoqlny) sNOT] WUsrS JO f,n8Od3U :C]HUIJNO:) luauJUedaO 1uaua6euey,1 eu:uJpJ6o:d uolsla;q ouly lerluaf, pue lseiv\ JopaJ!o sloqslluft eP pl sa 'uopeJaplsuol ls.q6jq ,(u ;o sacueJnsse aql 'ra$!u!W .rj1 '1dar5y .JaMoJJog^ualdlf,au aql ulor; uorlec[pe: Jo luaurru]su!
aql sallaf,ar punl aql ,(ep aq1 1o se a^rpaJJa auolaq llpqs rltlqM punl eql pue auoa-l euars Jo tllgndau aul uaar*laq luaruaat6e leuloJ e ouqnlltsuof, i(qaraql 'pullJ eqf ol saldof, aaJqf un:lal pue Jaua-l slrll Jo saldotr xts aql u6tsJalunof, no^ leql lsanbal ol Jnouoq aql a^eq a^ 'noA o1 alqeldaree s!

;esodoJd srql 11 .V sulpu,ar luauraa.r6y 6u;:ueus a-ur-6o16 ",r,'^q"rril;3;i,iiil::iIlJlSl5rK3''"t:!

'ralla-l luaupuauiv slql Jo V xauuv Iq Aarnua st!

u1 pare;da: s!

Z alnpaq)S .II ',6u!rueulj.


Iq parelda: aq gleqs .1ter9.

r,ura1 iq1 :'O'g uolpas (:) ,1ue.re.

Aq pace;dar iq 1leqs ""l,1XiHil"!,li3l ff#"J,ii:lY;1"1i,3:3 (b) Aq papelda: aq lleqs ,luno)fv luergr ural aql :ZO'9 .pr" fO'g suollf,as (d) ' ,slunortrV ueol pue luerg fueluarlalddns 'lu€lg- ldra:a.r ;o qluor!

auo ulqllrn srollpnp aql Jo rallal luaua6eueu aq1 o1 llda.r "JOaraql aql punJ aqt ol llurqns llEqs n3N aqf 'rP3 lefslj qlns qtrea Jo pua aql Jo srlluou.r xrs u!r.llr^ .punJ aql ol sural!
pauolluau-a^oqe aql Ja^rlap lleqs nlN aqf 'sualsr$ loJluof leuralu!

pue 6urluno:re oq1 1o benbape aq1 6urssalppe ':aga; luau:aEeueur aleredas e (p;) pue :lunof,)V 1e1rad5 aq1 pup lunof,f,V ,1 lvro-r oalelolleurj salsrqan ([) atrlJJo (t) alu eu alu !ehl puP uoqerado XI setrueMollv pue sau€les 'lIiA punJ luaurdola ao AlrunuruJcl LelldPf, areqs (!!)
IIlrtrPj atrueuuau (r) salpnls pue sla^Jns sluellnsuol ura-t ]]oqs sleualew 'luatudrnbl 'a.rnllurnl a)uJo 'aprqan itn lA AI .ItI II I ooo 969 ooo 969 ooo os6 s o/ot6 %001 000 zs 000 €1 000 zs oo0 tl arJo 98 000 E1 000 0z o/aAAl 000 81 000 81 000 91_z %oal 000 osr I %00r 000 012 000 0rz 000 0zr o,,o001 000 16 000 15 00c 009 a/o00I 000 €1 000 EI 000 zt voz6 ro saxel ]o laN o/o00l 000 6r 000 61 000 E9t %s8 ro saxel lo laN ./o00I o/os6 .io saxel jo laN o/o00l 000 r8 000 rB 000 81t 000 9r1 000 91r 000 rsr z raprAoJd spejluol alrAJas o/os8 lo saxel lo t3N 9o0ol 000 tr 000 Ei 000 l8r slroill I r_) palueLrj aq 01 sa.rn}PUadxf alqr6rl3 lo o/o (!os ur passajdxa) palelollv lunourv ueol (ucs ur PassaJdxa) palProIv lunouv lueJS tueluaLUalddnS (UCS u!
passardxa) palelollv lunoujv luer9 tuo6atPl : :nssed-ued u,}lop uMeJp aq l,r/vl ueol aq] puP ]u"-rg tueluauialddns aq1 'fuoOatpl qf,ea ur paf,ueuU aq ot sr.,tlalr JoJ sarnlrpuadxa Jo saBetuarrad aql pue 'tuoOalel alll 'luel9 aq] lo slunourP aql lo uorletrolle aql qf,ea ol ueol aql puP luejg 'upol 3ql pue 1ue]9 lrPtuaLualddns aqt /tuPrc aqt lq paruPuu aq ol s3rnlrpuadxl alq!6!ll Jo sauooalPl aql tl]lol slas Molaq alqel aq1 spaa)oJd ,utueuq lo uoQe)o v I ^Jeluauralddns spaa)ud 6uDueut!
Jo I e$el pLl)t ltA p u e uotE)ol lv z ftnolHfs V X3NNV 9 'pallulru uaaq a^eq lleqs JoaJaql sssua^rpara eql cl luapatrard suorllpuol llP Pue lpunj aql ol para^rlap uaaq aAPu lleqs luaurasJ6v qtrns Jo Adol Pauors e luerp ul punl aql Iq pa^ordd?
uaaq a^eq lleqs luauaaJ6V fue1ptsqn5 tSoE aqt trlun luerg aql rapun 'tettdpf oreqs (q) pue ,Qtrr:ej atrueuuau (e)tn Ao6atec rapun sarntrpuadxa jo ttradsar ur apeu aq lleus le,'{eJpqlrM oN leMeJpLnt4 q luap$aU suolltpuo) S 'suorlpuoJ lejaua5 aql lo (sag:1nbu3 pue suoqladsul 'sl!s!A) C0 OI pup (arnlrpuadxf Jo sluallalels) lO'?

suorlfas qIM af,uepior)e u!

'punj aql Jo sa^rtpluasardar aql paulptar aq lleqs lnq'punl atll ol pall[rqns Aq uorpadsur JoJ JaMorrognuardDau aql aq lou paau sarnllpuadxa qrns 6u!
)uap!^a spro)al aq1 .laMorrogAuardrf,au aql ol af,rlou lq aujrl 01 au.lrl uJo.rl aleuolsap A"LU punJ aql se slunouJe qfns ul saJn}puadxj alqrbrlj Jo ltradsar ur aJnllpuadxa lo sluauralpls paurl-ratr lsure6e apeur aq Aeu slunor:V luerg lreluaualddns pue ueo-] 'tueJ9 aql urojj slpMpjpr.

{}M 'aJnlpuadx) lo sluaLualqs 'n ^q 'aulll ol aufil uro!

at"u6rsap Ae[!
punj aq] se lunoure raqlo qlns ro 'qualerunba slr ro OOO OS OSn ueql ssal lou lunouJe ue ul apeur aq lleqs s lunotrf,V ueol fueluauratddns pup ueol 'luej9 aql uro.rl slp^ eJpqtrM '(p) pue (q)EO'Z uortlas Japun lunotrrv lprfads aqt pue tunoJtv luerg aql Jo sluauqsrualdar .lo1 ldatrxf 'slunou./y pMeJpqyh u)nLutulN t lue€ 'rvlarnau [!Jal-prr{ aq] ro uorlppuauJtuofal raup SVSJ roj pue s€l Mau ua^as lo uorleart aql JoJ paJrnbal lplrdetr aJeqs urnuJrultlt aql ol uorlnqrJluof, e sp aq IIM ll1qM ajnlpuadx3 a1qr6113,,{ue sueaur,,leldef aieqs' 'luatua6eueul f!seq pue Af,eJaIl leuolltrunj Jo uorsrruadns pue 6ulq)eof '6urureJl ro, pue ssaf,ord uolqeJeda:d auu:er6o:d-qns ur sarlrunurlrrol aql lslsse ot au,lu-le.I6ojd aql Aq palleJluol s-lapr^oJd allruas ro s.rolplrlrtrpJ ro; arnlrpuadx] alql6I3 Aue sueaur ,,slf,prluoJ Japr^ord afrruasr 'V luauoduJoJ sallruas lerf,ueurJ le.lnu ol ssatrlv aql Jo l-rpd se apr^oJd Iaqt sueol lo uolle.rnp aqt uaqioual pue oulpunJ lo atrrnos rlaql iJrna^lp ot sgf ol supol tuol-ouol outpr^ord uaqM ajnlpuadxs alql6rll Aue supau, ,,&rltf sf af,ueuuau,, tuauodwof, luauJdola^ao AltunuruJoJ aql Jo Ied se uotpnpoJd ol anlen 6urppe sarlunu:uo3 lefol ur sarll^rpp 6urtp.Eua6-auro)u!
pue ueld luaudola^ap aql ur paurluapr slf,aford-qns Alrunurtuo: aqf (q) pue lsluetUaldLu!

pup slool ,paas Jo uorsr^ord aql qonorqt sJaureJ ol Ioddns aql (e) :JoJ pulsto nonpeuto) u!

spreM IZ aql u!

pallnfur arnllpuadx3 a;qr6r13 Aue sueaur,,punJ lualudola^ao AtunuJuof" '€ 'sue1d pue slapou'lso€ aql qlrm alueprotr:e ur 6urplrnq lueq ,vrau P Jo uorpnrlsuotr aql Jol aJnllpuadx3 alqtolll Aue supauj ,,sl]oM lt^13,, aqt a^eq surral 6urMolloj aql 'Z alnpaqls stql lo sasodJnd JoJ 'suo!
)tuueo uteya) :s6urueau 6uraao;;o1 '?

610 pat,ru m:axs qelJ\ &o peIolpp.il lteur f eg"Arolr 90 6C+ ,("f l6q?sgOAe+r.|ai .iieir '6LroU Z?IOO t?
(xJorJ rD oped erl.\ peudcp.,r€C tB.m|tn3rJ8v ro, punl Elioleujaul u^Aola3rf auoat erjars Jo lrlqndau aql JO atrUeurl .rol lolsru,t^l alqeJnouoH aq1 ,,: (,,atutUer6ord., aql) lual'Uaar6V aql ol I alnpaqls ul paquf,sap aurureJ6ojd luau.ia^orduri llrunuruJo3 pue a)upu!j leinu aql 6u,f,ueuu Jo asodJnd aql roj (.6uoueull., aql'Jaqla6ol) ueol e pue lueJ6 Are]uatualddns e 'lueJ6 e J3^ orro€AuardlFu aql ol pualxa ot paaroe s?q punj aql (V) SV3UIHM.
:ppar ltetls (v) Svfutun lsru aqj (q) .luaulaal6V ar.ll Jo txet aqt lnoqonoJqt'Ala^lpadsar',/aMorog^ualdtlau,, pue,,tual.uaar6v 6ul]ueuH,.

Aq pa)eldar aq lteqs ,,lualdll€U., puP,,lueuaaj6V lueJ9,, stujal aq-!
(p) tuauraaj6v aql jo lxal urel^l I sp papuaure Aqa.raq sr luauaeJ6v luejg aql 6u;o6a.,o; aql uo paseq 'arolataql E : srlrollol '(OOO 569 AOS) stqolu bulMero lerf,ads a^U-Aauru parpunq xrs ol lualp^rnba tuer6 LretuauJalddns e pue (000 569 xos) $q6ru 6urMeJO lertrads a^U-Aauru parpunq xrs ol lualp^rnba ueol p Jo r.xJoJ aql ur 'auupJoord aql Jo uolleluaujalduir aqt rol 6urf,ueuu lJeluauJalddns e auoa] pJJalS Jo )llqndau aql ol pualxe ol paai6e seq punj aql Jo preog a^rlnlaxl aql leqt noi ur.ro]Ur ol paseald arp aM 'Z 'atuuer6o.r6 aql Jo uolleluauJaldur!
aql roJ 6urrueur; fueluaualddns OVJI lo lp^ojdd" aql leas ol punJ aqi pue Ja^ orJo€/luardl]aU eql 6uol.Ue 6ulpuelsJapun aqt ol lajal oslg a/vl '5OOZ Jaqrla^oN E pue SOOZ Jaqlria^oN 9Z uo papuaue sP '(,,aurUer6o]d aql,.)

auueJoord iuaua^ordurl Allunul.Uol pup afueuu lpjnu agl Jo uotlntaxa eql roJ (.OVJ!,.
ro .punj aql,, se ol parialal ralJeulaJaq) luauJdola^ao leinllntruOV roj punJ leuollpuralul aqt pue (,,JaMorro€/luard!trau aiil.. se ol paJJaJaJ raueuraraq) auoa'l erjats Jo lrlqndau aql uaamlaq ZOOZ aunf SZ palep lueuraar6v luerg aql o raJal aM I f eEEEr6o-rj:)d-IEEEaa-IdET Atrunurujol priP a5U-CEE FlnEl r-s_vm08-lso:I'6tr-IuEr'ns :.VEZE.T 'oI ueot-r008-Jso'oN luerg:lNolt wulls lo fnEmifE au 'ialsrurt{ Jt^l z I0z aunr s {ue^od eurorre^o or qdo6d prnr rood ourtqeuS ovll 1tr z 'punj aql Aq paldarfe pup JaMoJ]og/luardllau aql Aq pasodoJd suor}puol pue swjal uo luaurqleue Jo aJnzras ?o-las lsureoe papaloJd aq lleqs lunof,f,v lertrads aq1 'spaatrord luer9 AJpluatxalddns pue ueol aql 6urnratra.r Jo asodrnd aql Jol paldelte rellop salels palrun ur peleuruJouap lunof,)V lellads e 'punj aql Pue rar ojjo€AuardDsu aql Aq pasodojd lupq lPl)Jaurrrof, e ut ulPlulelu ralearaql pue uado lleqs JaMorro8^ualdtFu aql'alqetrlperd se uoos sv (l) ^q 'lunorf,v lueg lueJg aql alerado Anurof o] pssuoqtne AllnJ aq lleqs nlN aql lo afueuu puP uorlerlslulurpv lo peaH aql puP joleurProo] t)a(oJd aqI 's€d^ V aqi qlrM atrueprolre u!
aurll ol aurll urorl lunotrlv IUeg lueJc aql qsrusldal lleqs punl aq'L lunoDv luPg luerg aqt olur lunoure q:ns Isodap pue Jan or.lo€/luordl:ay aq1 jo Jleqaq uo lunortrV luerg aqt uJoJl 000 0O/ osn ol dn Jo leri,reJpqlr\^ aJoul Jo auo a4eul llPtls punJ aql ':ea1 au:ua60.t6 lsJU aqt JoJ gdMV aql qlli^ afuepJof,f,B u!
Pue Fanbar s,raMoJjo€Auardrfau aql uodn 'pausdo llnp uaaq seq lunollv lueg luerg aql rauv (q) 'punJ aql Aq paldaJle pue JaMorjo€Auardr)au aql pasodoJd suoltrpuo:l pue s[!ra] uo luaurqf,eDe ro arnztas'J]o-las lsurpop papalojd aq er.ts tunotrf,v lupg luejg aql 'spaaf,ord lueJg 6ur^tatrar ^q Jo asodrnd aql rol Jellop salels palrun ur pateulurouap luno)rv Iue€ tuprg p 'punl ar.lt lq palda::e pue JaMorjo€/luardlrau aql lq pasodord )tupq lprf,lauJurol e ur urelureu, Jaueaiaql pup uado llpqs JaMorJogAuardDau aql 'alqetrrtrpJd se uoos sV @) )un@)V pDads pue )unorv \ueg )ueJ9,\ :pear ol papueurP sr EO Z uorpas (q) ,'sarnlrpuadx3 atq!6!ti lo padsaj ur sar)uaJJn3 snoue^ u, alBO 6u!sol3 ourf,ueull aql pup aleo a^nf,aJJi aql uaaMlaq aurll o1 aurl ulorJ slunorrv ueo'l pue lueJg fuelual.Ualddns 'luej9 aql uro4 sle,i/rPrpqltrvr lsanbai lelu iar orJo€Aualdrtrau aql 'Ala^rpadsar 'olaraql ueoi pue luerg AJeiuaualddns 'luerg aql ,o slunotlle aql lrpaJl pue JaMo.rJo€Auardrlau aql Jo aureu aql ur lunof)V ueol e pue lunotrf,V lueJg IJeluauralddns p ' lunoftrV lueJg e uado lleqs punl aql 'qe$eJpqli pue luno1)V upol tJUno))V yeJg fuetueuJaqdns 'Nnotv JUp-./9 'ZO'Z uotltras., : peal ol papuaurp sr ZO'Z uorpas (6) , atutuer6o.16 aql 6ullueuU Jo asodlnd aql roJ (,,upot,.
aql) (OOO 969 UOS) stq6rU 6urMeio lellads puesnoLlt a^U-Alautu pajpunq xrs Jo lunoure ledllulrd aql ut u?ol e pue (,,lupr9 lieluaualddns., aql) (OOO S69 BOS) slqolu 6urmelq 1er:ad5 puesnoql a^U-Alauru pajpunq xls lo lunouJp ledlluud aql ut luel6 fueluaLualddns p 1(,,1uej9,, aql) (OOO 056 I fOS) s1q6rg 6ur,ne.r6 tertrads pupsnoqt AUU pue palpunq auru uolllltx aAU Jo lunoue lpdrtruud aql ul lueJg e :raMorro€/luardr)au aql ot pualxa ol saaJ6e punl aq1 '6u1:ueur3 aql 'IO Z uorpas.
: pPaJ ot papuauJP sr I0'Z uotpas U) .6uDueurj,, :paltltua aq lleqs Il alltuv (a) 6urso13 6uoueur3,.

pear lleqs,ale6 6urso13 lueig* ulJal jilll (p) "rr.roo,rrrp ,,'luauleal6V sL1l ut JoJ las suorlrpuol pu9 surral aql uo JaruollogAuardr:ag aq1 ol ueol e pue luel6 fueluauralddns p 'lueJO e pualxa ot paa:6e seq punl aql ,uolleJaptsuol laqlo pue a^oqe aql Jo srseq aql uo 'SV3U3HM,.
:ppal eqs S\€U3HM puo)as aql ()) IUES luejg aql jo uorlersdo eqi pue aJnlpuadxa lo sluauJalels paurual aql uo uorurdo ue (r) :apr^oJd lleqs s]olrpne aql /sluauralels lerlueuu aql uo lodar lrpne aqt ot uollrppe ul suorlrPuof leraua5 aql Jo (flunotrlv Jo IpnV) €O'6 uolDas ql,M aru"prore ur 'aleo 6ursol) 6ur:ueu13 aql lrlun 'al.r]rl ol auJrl urojJ papuauJe aq se 'EOOZ ,,(asn s,Jan oJog) $rpnv ltraford uo saurlaprng.
s,punj aql pup 'EulltPnv uo sPepuels leuorleuralul aql qlrM af,ueprorlp ur sJollpne qfns Aq rea^ leosrl qf,ea pallPne aurujProo.rd aql ol oullelar struauraleF lertrueuu aql a^pq lleqs raMo.uogAuardrlau aq1 (q)..

^eu., :sr$ollo, sp papuaure sr (q) zo s uorpas (o) ',,6uDUeurJ aql Jo uollellaJupf.ro sluaurntroc upo'l pu" luerg 'iuerg aql ol uollElulpor.u ur llnsar Aeu suollepuaLuuofal Llfns ^reluaualddns lcLll poolsJapun pue paar6p s!
ll 'punJ aql Jo uolt)ersltes aql ol pue roJaraql aurl pau!trads eql urqlrM paluatla;dtur ale ,v1ar^au [xJal-p!N aql uro4 6uJllnsar suorlppuaruurolaj aql leqt arnsua lleqs J3MoJJognuardlf,au aql (q),, pear eqs (q) EO U uolt:as (u) aq Ieqs ,,luer5 aql' uiJal aq1 :'o'8 pup ZO B '90'E 'So'e ''O'E suolllas (u) ',,6ur:ueurg aqt,.
Aq patreldal ,, luau.,aal6v slt{l Jo luau^ed alrruas ueol aql aq eqs ef,tjaulv lo salpls sasodjnd JoJ pallun aql jo AtruarJnf, aW 'AJua.Ln) luau.rAed e)tNes ueol 'ZO'Z uo!pas., ^f,uaJrnl s,vlolloJ sP Pappe sl /O'Z tlolllas ,"rau V (l) ,,'Aluarn3 luaur^ed atrrruaS ueol aql ur 'ZSOZ qtrrpN ]sI uo alqeied'?tS'II UOSJo luaurlelsut lpuU auo pue 'ISOZ Jaqtualdas l.I uo oulpua pue ZZOZ raquJaldas $I uo outru3ururof 'raqui3ldas l.I pue qfJeld $I qf,ea uo alqp^ed 'rB9'II UOS Jo $uaurtelsur lenuue-rLuas lenba 65 ur ueol aql Jo lunoujp ledrf,uud 6urpuelslno aql ledar ltpqs .iaMojJoBAuald!trau aql ueol Jo slua|u^pdau 90 Z uorltras,.
: sMolloJ sp pappE sr 9O'Z uorlf,es Mau V ()i) ,,-Af,uarjnl tuaur^Ed af,rruas upo'l aql u!

requjaldas rsl pup rllJer{ ,'I qfea uo A enuue-luras alqeled 'auJll ol atxrl urorJ outpupl$no ueo'l aql Jo lunoup aql uo [!nuue )ad o/osl'o Jo ale] aql le aoJeq) alrruas p punl aqt ot Aed lleqs raMoJlo8^uardq:ay aq-t a6req) ntNas 'SO'Z uorpas.. : sMoltol se pappe s!
so'z uotpas ,'^au v (0 ',,suor1puoJ le:auag aql pue luau:aa:6y slql qllrvr a)uepJof,)e ur sarntrpuadxl a1qr6r13 a:ueug ol Ala^rsnllxa ourfueuu aql Jo spaafojd aql asn auuer6o.16 qtrea pue ra^ orro€AualdDau aql sp3a3ord Jo asn., lleqs ^Ied :pPai lleqs tO'Z uor])as (!)

,,'lunoflv lP!
)adS aql aterado A[urof o] pasuoqtne AltnJ aq lleqs nlN aql Jo arueurj pue uortertslur,upv Jo peaH aqt pup roteurpjoof paford aq-L 's€dMV aql q]!M a)uepro)le ur aurlt ol eurl rrJor; lunoDv leoads qslualdar lleqs punl aql 'lunof,trV lertrads aql olur lunoure qf,ns Isodap pue raMorro€nualdq:aX aq1 Jo Jleqaq uo lla^rpadsar slunortrV upo'l pup luerg fu?luaualddns aql UJoJJ oOO OOI OSn ol dn Jo leMpJpqIM arou.ro auo aleuJ lleqs punJ aqt'JeaA aLuruproold lsJU aql JoJ gdl^V arll qlrM arupprorf,e ur pue lsanba.l s,.la^ oJJog^uatdDa!
aql uodn 'pauado Alnp uaaq seq lunof,rv lerf,ads arll JaIJV (p) € v 'ztoz uo auoa'l errars Jo f,rlqndau 'u^ olaau u!

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]p.r Jo luaurrulsu!
]p.r Jo luaurrulsu!

aql sa^la)ar punl aq1 ,(ep aql Jo se a^lpeJJa auJolaq llEqs q)!qM punl aql pue auoe-l erJals Jo 3llqndau agl uaaMlaq luauaa:Be leuroJ g Eu;lngrlsuor IqeJaql 'punl eql ol saldof aarqf urnlal pue iaUa'l s1q1 1o sardor xrs aql uolsralunof .b nol 1eq1 $anba: ol Jnouoq aql aleq a/'^ 'nol o1 alqeldarre s; lesodo.rd srql 11 suleuiar rueuraar'v 6u;rueug ".,ur",6or6 ",{r'^q".,"ffi3;f,ii 1il:iX}"'l3lo""l3'*':!

'.lalla'l luaujpueuv slql jo y xauuy,(q Aa:nua slr u!
pare;da: sr z alnpaqf,s 'II ',6uoueug.,(q pareldar aq lleqs.luergr tural iq1 :'O'B uollras (r) ',sluauJnloo uEo-l pue lueJg 'guug.

Iq pef,pldal aq ;1eqs ,sluauJn)oo lupr9.

trrral aql:ZO'B uorpas (b) ^JquauialddnS .

Aq pa.relda.r aq llpr.ls ,tunorf,V luergr tural aql :ZO'9 pup IO'9 suonf,as (d) '.quno)f,V ueol pue luerg fue1uaualddn5 '1uel9.
1d1a:a.r 1o qluour auo ulrp!,r srorrpnp aql Jo raual luatua'eueu: "r,'iii]::l aql punJ aql 01 lltxqns llpqs nf,N aql 're3^ lP3slJ qf,ns q3Pa Jo pua eql Jo s{luou, xls ulqllM punj aql 01 sural!

pauoltuor..ri-a^oqe aql ra !lap llpqs nfN ar.|l 'sua]s,G lo4uof, leuralu!

pue 6ulluno)fe aq1 1o ,benbape aq1 6urssarppe 'ralal luaura6eueu aleredas e (l!)
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a)uPuslurehl pue uorlerado XI sa)ueMollv puP sauetes 'llln punl luaurdole^ao ArunLuurol 'iln Leldel areqs ( !l) IlrlDel atrueuuau (r) sarpnls pue slaNns .I sluellnsUofr uJ]at 1]oqs 'nt sleualehl 'luauJdrnbf 'arnlrutnJ aluJo 'atlrqan JaprAo-rd speJluof afr^Jas .III 11 sl.loM l^rf, I - (UOS ur passardxa) patef,oIV lunourv lueJ9 Iro6atef : :nssed-ued u,\ op u^ erp aq ll,r ueo-] aqt pue lupr0 fueluauralddns aq.L 'Aro6elef qtrea ur pa)u?uU aq ol surall roJ saJnlpuadxa Jo saoelual.rad aql pue 'fuo6elpf qtrea o1 ueol aql pue lueJg lleluaualddns aql 'luer9 aql lo slunolue aql Jo uor]elolle aql 'upol aql pue luerg AretuaujalddnS aql/lup.r9 aql Aq parueulj aq ol saJnlrpuadxl alq!6!ll 'I Jo sauooatel aql qloj slas Molaq atqel aq-L 'spae)ud 5uoueutT Jo uouelo v SPAa,Ud 6unueu4 1o leMupu)tn pue uotlaollv z t-lnoSHls V X]NNV 9 'Pallulru uaaq a^eq llPqs Joajaql ssaua^rDara aql cl luapatrard suorllpuol lle pue lpunj aql ol Pera^rlap uaaq a^Pq lleqs luauJaarov qf,ns Jo peuErs P luerp u!
punl aql Aq pa^ordde uaaq a^eq lleqs luauraarov &etptsqnS tsog aqt l0un lueJg aql repun 'lel|dpf orerts (q) pue IITDeJ alueuuau (e)IA fuooalel rapun saJntrpuadxa lo Dadsa, ur appur aq llpqs le^ eJpqllM oN 'leuupt$trl4 01 luap* d suo\tpuo) S 'suoltrpuol lerauag aql Jo (sautnbui pue suorpadsul 'sl!sln) EO'OI pue (a.tnIpuadx3 lo sluaurelpls) ZO , suo!

]f,as qlrM af,upp.lol)p ur 'punl aql ,o sa^rle uesaJdar aql Aq uorlladsu!
JoJ raMorJognuardDau aql Aq pauletal aq lleqs lnq 'punJ aql ol peurlrJqns aq lou paau sajnlrpuadxa qlns our)uapr^a sprof,al aq1 JaMoJJogAuard!f,au aql ol af,rlou lq a|.ljll ol aurl urojJ aleu6lsap Ael.u punJ aql se slunou.rp q)ns ur saJnlpuadxl elq!6rlf jo padsar ur aJnlrpuadxe Jo sluauJalels paurllaf, lsure6e apeu aq ietu sluno)f,V luprg ', tuptuatualddns pue ueo-l 'lueig aql l'r]oJj sleMerpqlrM 'eJnltpuadxj lo uallrAqs ^dof 'atllrl ol al.Ull uro.q aleuolsap,(etr: pung aql sp lunoure raqlo qfns ro 'lualearnba sI ro OOO OS OSn upql ssal lou lunoup u?
ur apeu aq llpt{s s lunof,f,V upol A:eluauragddng pue ueol 'luej9 aqt uorJ sle&lerpqtrM '(p) pue (q)EO Z uoltf,as repun tunotrfv leDads aqt pue lunotrrv luerg aql Jo slueuqsrualdar roJ ldalx3 'slunou]y pMupqlth uJnuirutw e lue€ 'Mar^au IJJa]-ptN aql lo uollppuotuuo)aj raup SVSJ roJ pue s€l Mau ua^as Jo uollearl aql loJ parnbal lp}dptr aleqs urn[!rult.u aql ol uorlnqrJluol e se aq lllrvl qtrltlM arnlrpuadxl alqloll Aue sueatr,,|elde3 a.req5.. 'luatuaOeuetu f!seq pue Aleialrl leuorltrunJ Jo uorsrtuadns pup 6urqf,eotr '6ururer1 .rog pue ssalold uoBeJeda.ld auuJeroord-qns ur sarlrunujuro) aql lsrsse ol aujuJejooJd aql Aq palletluol srapt^ord af,rruas ro sJolplrlrtrpJ rol aJnllpuadxf agr6r13 {ue sueauJ ,,qtreJluol Japt^old alrruas,, 'V luauodLuof, salr^tas leDueutl lelnU ol ssa3trV aql Jo ]Jed se ept^oJd Aaql sueol lo uollernp aqt uaqlouat pue oulpunl Jo atrlnos llagl AJrsJa^rp ot s€:) ol sueo; ural-6uo1 6u1p1nord uaqM aJnlrpuadxj a1qr6r13,{ue sueau,.,!r;r:ej atrueuuaui 'g luauodruo3 luaurdola^ao Atunutujo3 aql Jo Ued se uotltnpoJd ol anle^ 6urppe sarlrunuwotr lelol ut satlt^tpe 6uqplauao-auto)ur pue ue;d luaudola^ap aql ur pauquapr sltafoJd-qns Arunurujol aql (q) pup :sluauraldur pue sloot ,paas Jo uorsr^ord aql qonoJql slauljeJ ol loddns aql (e) :JoJ llulsro n6npeuroy u!
spleM IZ aqt u!

palrnf,ur arnlpuadxg a1qr6r13 Aue supau,,punJ lueurdola^aq A1runu.rtuo3,.

.su"ld pup slapouJ -lso€ aqt qlt/t^ alueplotrle ut outpltnq au e Jo uotpnllsuotr aql Jol aJnllpuadxf alqr6tlf ,(up sueau.l ,,sIJoM lt^ll.. )iueq ^ aql e^pq suJal 6urMolloJ aqt 'Z alnpaqls srql Jo sasodlnd JoJ :s6utueauJ 6utMolloJ 'suot)tua)o uteual 'z