Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698079871123.pdf (Sierra Leone)
G 6l A TSEmAIEJNE trtm MANAGEMENT AGREEMENT Sierra Leone Telecommunications Company Limited -and- National Commission for Privatisation -and- Management and Development International Company Dated as of 20th March 2012 tl.
t\ 1l$l Ls \\\tt S i erra Leon e Te leco mmun ica ti on s Co m p any Lim i te d Monooemcnt oreement TABLE OF CONTENTS 1 Definitions 1.1 Definitions..... L.2 Interpretation 2 General Duties ofthe Manager 3 Operating Policies 4 Excluded Activities 5 General Duties ofSIERRATEL 5.1 General Duties of SIERRATEL............ 5.2 Proper Performance of SIERATEL's Duties..... 6 Personnel 6.1 Management Staff.......,....... 6,2 The Key Pdisonnel 7 ....,.............,,.. 7 .................,.
11 L2 14 15 16 .............,.............. 15 ,,..,.......,... 17 L7 ,...,...........,... 17 18 6.3 6.4 6.5 Removal and Replacement of Management Staff ...............,..,.,...,...,...

19 SIERRATEL Personnel 19 Employment and Retrenchment of Sierrate!

Personnel .,.....................


20 7 Training 7.L 7.2 7,3 7.4 7.5 7.6 Manager's Obligations Selection of trainees Examination and reporting Changes to training programme..., Training Manuals Independent Assessment,.. 8 Local Procurement 20 ...,...,,.............,.,., 20 ,,,.,.,2L ,.......,,,,,,,.,..., 21 ......,.

21 .,,..,..,,..21 ,,..,...,,,,.,..,.,..

22 22 |.

i t- L t. t t. L, I.t, t: .\ltnt l,trtnt' 'l't'lt,r rttntttttttit ttl lt t\ I ttntlttlnl' l,tttttlr.
l illrr rtr6tr'trtt,rt t /Jl r'r,rrrt'rt { 9 Recommendatlonr of tha Manager 10 Changes to the Servlce3 72 23 24 ..........24 ,.........24 ,....,.......,, 25 .......25 ....,.. 25 11 Manager's Fee 11.1 Flxed Fee......,..,....... 11.2 Reductlon to Flxed Fee; Incentive Fee...,....,,,...... 11.3 Relmbursements of Contlngency Costs,.,..,.,.., 11.4 Termlnatlon Fee,,....... 11.5 Payments,,..,........,.,,.. 11.6 Taxation ..,.....,........,..,....... 26 12 Representatlons, Warrantles and Covenants 12.1 Corporate Representatlons and Warranties..,.. 12.2 By SIERRATEL.... 12.3 By the Manager.. L2.4 By all Parties...... 13 Liability; Indemnification 26 ,,...,.,,,..,.
26 ............... 26 ...............27 ...............28 28 I U I tJ I L Ib ih f T U I il I , I,T f Ltr J _l .J -/ J .i I J J I j l I Slerra Leone Telecommunlcatlons Company Llmlted Mononcmpnf oreement 15,3 Termlnatlon Notlces... 15.4 Other Remedles 15.5 Consequenoes of Termlnation........... ........ 35 .................36 .,.....36 37 16 FORCE MA'EURE 16.1 Definit1on...............,.... 16.2 Notiflcation Obllgations......,........... 15.3 Mitigatloni Resumption of Performance..........,,......,................,..,.,.....
38 16.4 DelayCausedbyForceMajeure......... .................,..........39 16.5 Work around.,........

16.6 Termlnataon due to Force Majeure.........

..,,...,...,.,..........

39 .....,......39 ,.....,.,38 .....,.37 17 Confidentiality 18 Intellectual Property 18.1 Grant of Rights.......,.... 18,2 Rights of Use.

18.3 Indemn 19 GOVERNING LAW, Resolution of Disputes 19.1 Governing Law.....,.... 20 Miscellaneous 40 40 40 40 47 4t 4L 42 20.3 Entire Agreement.... ...,...,.
43 a Sierra Leone Telecommunications Company Limited Monooement Aorccmcnt 20.8 No Third Party Beneficiaries 44 20.9 20.10 lndependent Contractors.....

.,..............
.,..............

rt4 20.11 Non-solicitation 20.12 Guarantee Bond 20.13 Property in De1iverab1es......,....,......... 20.L4 SCHEDULE 1 Manager's Fees SCHEDULE2 Performance Levels .....,,...., SCHEDULE 3 Quarterly Performance Report............ SCHEDUTE 4 Scope of Work 44 45 46 46 48 48 49 49 50 50 51 51 Sierra Leone Telecommunications Company Limited Manaaement Aoreement Manager's (MDIC) Offer..............
SCHEDULE 11 .65 .65 66 5 I :llfirdulls Jo lauuoslad lerol aqt Jo 6uturerl aq1 roJ pue lfl\tdulls Jo ssaulsnq uoqelrunutulolalal aql Jo suotleiado aql ;o luaura6eueu lle.rano aql ro1 sa)lruas quar.ua6eueu pue uotleJado pue asrladxa 1er:ads aq1 ra6pueN aql uo4 6uurnb e Jo sno.

sap ale dlN pue ]I-LVUU3IS 'paurroJal ro pasqerrud aq ol sarlrlua luauuraloo ;1e go uorsrruadns pue luaua6eueu aql lo1 ftrlrqrsuodsal aql qltM palepueur Z00Z pV uorlesqelrJd JoJ uolssruluto3 leuorleN aql lq paleatr uorssl.uulo) e s!
dfN 'auoal eJrars u!

salrruas suollelrunuJurolalal lo sad,{1 lge 1o uorsraord aql .ro; sLualsAs uoqelrunurulotolal snopel ale.lado pue llulsu!

'rlsllqelsa ol auoal prars Jo smel aqt rapun pasuoqlne lueduo3 ,{1111qer1 palgurl e s!

'l:llVdUlIS l I V SVlUlHrvl (Iye6 Eulturguoj aql st dlN) (,,saue6,, pue,,,/qrpd.. aq1 se r(;lenprrupu!

ol pal,aJal are.raoeuphl aqf pue llf\rdulls) se ^la^lpallor 'Ued prt{l aql Jo (saau6rsse s1 ro/pue sa Beluasarda.r le6al 'ssaursnq ur Jossaflns qr apnlru!
slltlJpp os Ualuol aql aJaqM lleqs uorssa:dxa qrrqrvr (,,ra6eue91,, se ol palaJa.l .raXeura.raq) spuelsl ur6r^ qsqu6 'e1opo1 'urvrol peoX 'are;4 elauag le arggo pa:a1sr6a: qr qlrM spuelsl ur6rg1 qsrlr.rg eql Jo smel aql Japun palerodrorul ,(ueduo] e ANvdr.tof, 'tvuorlvNuilrNl lNtwdollnto tr rNlNlgvNvn ONV Ued puolas aql Jo(,df,N.. se ol parraJal lageugaraq) auoal eJJalS uMolaarl 'lIH raMol 'aAUo nVO Jo Z00Z lrv uollesqe Ud loJ uotssttuuro] leuo[eN aql Iq pelearl uotsslururol e 'NOIIvSuvnrud UOJ NoISSIl{Hof, 'tvNorrvN iued 1srlJ aq11o (saau6rsse qt ro/puP saatteluasarda.l 1e6a; 'ssau;snq u!
rossa)lns sfr apnllur qlupe os ualuol aql a.leqM llPqs uotssaldxa Lllltlm,,lllVUU3IS.. 'O'd 'laa4s uosuqot arelle6 Z le aluJo pa:a1sr6ar slr qllM ouoal eJrars Jo smpl aql lapun paleJodtolut ,{uedu-to3 paumo aleF e (l]rwurrs) oeul.ln ANvdhlo) sNorrvf,rNn].1&,1o3:l'lill lNorl vuulls se ol paraJar .raXeura.raq) auoe'l ellals uMoJaaU '08 xo€ ONV NltM]jt€ z10z q)eN 1o lep *97 iepsanl slqt apeur s!

lNll^lll;Ov INSNIDVNVN ONV NOUVUIdO SII{I JUaUaaJD IUaWaDDUDW pa11w11 f,uodwoJ suo!
)Drtunww@apl auoa7 Drra$ sralaurelpd leuotleJado (J pue sleDueurJ (a la:rruas 1o fir1enb pue Alunras 'Ilrlrqeltele u:a1s,{s ur quatuano:dur (p isprepuels atueu.uopad ol sabuetlr (l i(xado) arnlpuadxa ourlerado (q 1(xadec) arnlrpuadxa lelrder (e :6urlro11o1 aql Jo lslsuol uinurullJ e se lleqs ueld lenuuv aql lo slualuo) aqf 'sqluou a^qnlasuo: (71) a^laMl Jo pouad e JoJ ssaulsng aq1 ,ro uorle:ado pue luaua6eueur aql loJ l3ly6UjIS Aq paroldde pue ta6eue4 aqg Iq pa.reda.rd ueld aql auJrl ol auq mo.r1 paluauralddns to papuaue se (o1a:aq paqlelle salnpaqrs 1qe 6urpnlru1) luauaa:6y luaura6puel{ slrli ',i1r1ua palgo.rluo] eql Jo sre;Je pup ssautsnq aqt ol 6uqe;ar suorspap aql a uanuur Jo autu alap ol lqaraql Pue ,tDua pallorluor aqq ol uoqelar ur tarvrod 6ur1on Auofeu asrf,raxa ol Eurllorluof, uoead a$ Jo Alllqe aql sueau Joalaq sasodrnd aql JoJ ,,lo4uot,, uorssardxa aql ',qred e qllM loJluol uour.uof, rapun ro iq pallo4uoc '6ur11o.r1uor ,(lparrpur Jo llpaJrp ,{1r1ua ;e6a1 luy 'aul!1 ol aull uro.rJ alues aql paallns ro apasradns leu se 111yxx315 o1 a;qerrldde suope:ado pue lqsnpu; suollerlunulurolalal aqJ 6ururalo6 Mel raLllo qlns lo 'euJq ol aurq uro{ papuaure sP 9002 pv suoBef,runuuof,alal aql sueaur ueld lenuuv luaruaar6y ale!luJv rtv suorluuao I'I - sreaddP uogualu!
,oe4uoc aqq salun tuawaa$v s14q u1 suonluu4 'r is'v^ollo) se o11 a9 v 1 aJ a1 H sI u tu oN 'Jaueuraraq tno las suollrpuol pue suJal aql po luatuaar6y stql olu!

Jalua o1 paar6e a^eq salued aql pue (II alnpaqr5 u!

lno tas se) df,N,(q panssg lesodord.ro; panbay p ol lupnend (OI alnpaqrs u!
lno las se) rago ue 6utptuqns Iq UtWUllS ,(q parlnba.r sasodrnd aqt ioJ sal!ruas sll paralJo seq ra6eue4 aq1 f, )ua waatov luawaDDuDw pa11w17 f,uodwo7 suotlDJtunww@apJ auoaT D ag I raqlo pue 6ururerl 'syoda1 aq] 'uorlelrLurl lnoqlrM '6urpn1:ur salrruas eql Jo aluerxlo1.tad 1o as:nor aq1 ur .la6eue6 aq1 ,(q parnpord qrnpo.rd 1.rorvr a1qr6ue1 aql 'Jauupr.lr a1r; ur palnduo: rea1 pprluo3 1xau aql qtrM 'qtuour (u,Zt) quam,t alll Jo lep lsel aq1 uo burpua pue ale6 allpalJf eql uo Eul)uauurol stlluouJ .repualef, anrJnlasuol anlaMl Jo pouad aqt 6uq.rom pue olu!
buualua ioJ JJeIS luaure6eueh aql parrnbar 'alll aql pue 'qrurad IroM pue aluapsar 'sesl^ ^q se qrns uoger6rrrlrrlr o Ourlelai sluasuo3 aql 6urpnlrxa] '[auoa1 erat5 ut luatuaar6y srr.0 rapun l:l-LWtlis Iq suorle6rlqo s1 Jo a)upurrolad radoJd aql ro1 pue lluau]aar6V slql rapun ra6puph aql lq suoqe6llqo slr Jo alueulrolad radoid aql JoJ lluauaa:6y srql 1o ,Q1;lqeauoJua pue {rprler aq1 issaursng st!
Jo I]IVUBIIS ,{q pnpuor aq1 (p) (r) (q) (e) :.ro; rQuoqlny lue^alau Aue uro4 paurelqo aq ol pajrnbaJ sulal Jplurs Jo suorsrfap 'suo!-lenou 'quauru6rsse 'q!urad 'sasualrl 'sluauaarbp 'quau:a6pap*ou1re 'suorssa)uo) 'suolleluqou'suollezuoqlne 'sluasuol 'slelordde qlns lle sueaur ,,quasuo3,r 'luauaarEy sLll iepun suorle6rgqo q; go arueuroyad s,raoPueN uo lraJJa asra pe lPualeuJ e seq qlrqM pue aleo uollnlarl aq] raue paJJa salq pue srnf,f,o leqt Msl alqerrlddy aql ol Jo ur a6ueql ro uoqrppe 'uoltalap 'pe 6urpasradns 'uo[e]Urpour 'luaupuaue i(uy 'quasuo] arrrpadsar aql .rapun lil'rraulls ,{q uo paurel aq ol Jo uo palJrel sa[rru]le pelplal pup fue1;rrue 'srapr,to.rd ar1ruas'srolerado ulalsAs suollelrunuJuolalal se sseursnq ;o 6uglslsuor llIWUl6 Jo ssaursnq aql '-llIWulIS Jo sioparp Jo preoq aqf 'pv aql uoEEtu,!l 1noq1m Eurpnlrur 'aq ,teu asm aql se 'luauaal6v s1q1 1o uoqer;;dde io uollela.rdralur aql ro luaulaar6y slql Japun paleldualuo: s.laueur aql selelar qllqm Unol e Jo JapJo ro luau6pn['aa.nap leuq e ro 'r!1roq1ny le1uauiu.ralog e Jo uouJe alllelsrulurpe io e qelsr6al .raqlo Jo 'uorFanb ur lalleu aql ralo uorurpspnf Eurireq r$poqlnv lEuauJula og lue ;o uo1le;n6a.r ro luauaar6e '1eao:dde 'luasuoc 'llurad 'asualrl 'uorpunful 'aa:rap 'rap:o 'alnleF ,{ue 6urpn;ru1 /v\e; Auy salqeiaArlao rea^ perluo] sluasuoJ me] u!
a6uEq) ssau!sng preoS smel agqerllddy luaWaaJDV IUAWaDDUDN pa4w11 ,tuodwo) suotlD)runwwDaql auoaT DJJals t) asnell rapun loataql luauraleldal Aue pup) 6 alnpaqls ur lauuostad r{ay se paieu6rsap ge15 luau.ra6eueh aql ;auuosra6 lay ' uor1e:1sr6er ;o alqede: lou .ro raqlaLlM pue uorle:1sr6a: tog parldde :o patalsr6at lou Jo reqlaqM salleu a]rruas pue qleul alt^.tas 'sauJeu ape.q 'qieLu aperl 'qq6uidol 'su6tsap 'qualed sapnllul .aleo alllf,aJJ:l aql uo 6uouauiurol stpuour x;s 1o por:ad aq1 'sJrpJJp ssaursnq Jaqlo Jo slauJolsnl 'sapruniroddo lalJeur'I1tadold lpnlf,allalul'Moq-/v\oul'uolleulolut sallrt'tas pue q)npoJd 'suorlualur 'sueld 'satnpaloJd 'sassaloJd 'suolleJado ol 6utlplel uolleuroJut 'le6al '6utrueug 'slesodold 'syoda.r lsal pue leltuqtel 'slenueu 's6urrne:p 'sladed 'quaunlop 'spJolat 'elep sapnl)ul '(f ffVUUltS o1 alqerrldde se puP suoal erars Jo sairel luauAoldr.ua alqellldde aql qll/v\ lualsrsuo)ur lou) sauuel6o.rd uo[ernpa pue 6ulureq pue sarrrJod uotJeJaunural pue lauuoslad luaulaa.l6V srql 1o arnleu6ls Jo alep aql uro!
sqluor.lr oMl Jo pouad uoorsuelJ e 6urr*o11o1 lllVUlIS Jo luaura6eueu pue suooerado aql ra^o papueq aq ;;ral ra6eue4 aql ql!

[1m uo a]ep aql :9 alnpaqls le lno las uroJ aql ur ra6eue6 aq1 {q paprnord aq ol Aunlas alupru.lo1.lad aql auoal erals Jo llqndau eql Jo luaulue^o9 alll 9I asnelf, u!
pallelap sv I alnpaqrs ul paquf,sap se qluou,l Jad aal paxg aql ', asnelf ur llclap ur paqrJlsap se 'ra6eue14 papr^oJd aq ol sa)!rues aql Jo ado)s an uorJ aql papnlrxa pue I3Iy6UIIS Aq alqesruaxa saqrllpe aql ^q luauaarbv slq1 lo 6u!u6rs Jo alep aql uro{ sqluorrJ (Z) oanr utqrf* .rnllo llpr..ls r.llr.1/v\ 'saqred aql Jo luauaq aql ol aJnu!

pue a^graJJe auolaq llells luauraar6y srr.ll qrqm uodn ate6 ra^opueH aql suea4 u!
asn arn,ry .,o ,no"un,tiiX.lt"lr'"1' H,H':fr3*- roJ ljlVdU;1IS aq1 lq uorssassod pue drqs:aumo roJ papualur ere qllgM spnpord alrl pue sarnpa)o.rd pue sassalord Jo uollpluaurnlop 'sprorar 'su6rsap 'slenueur I;.tado.r6 lEnpallalul pouad le!l!uI uolleuroJuI (ue16 3g) ue16 af.rnosau uerunH alPo Ja^opueH puog aalueren9 'ISo9 arna[e14 acro3 aal paxll sa!l!^!lfv pspnlfxS aleo a^lpaJff luawaalDV luawaDDuDhl palwlI tuDdwo) suotlDsrunwwoJapJ auoal DJJa$ urorl paMolloJ salrllerd uoQelrunujtlolalal luapnrd aq1 luapnrd iZ alnpaqrs ur ua^r6 /luaulajnspau] .loJ buanba4 aq) qllM 6uo1e 's1ana1 alueurolad 1a6re1 pue slalal alupllJJoJ.la6 .rog (s6uqq6laM Id)) sarnseaur aq1 'apeu sr ueld lenuuv ue r.{)r.4M JoJ srlluotu (ZI) a^laml Jo pouad anrlnrasuor aq1 'utag aq1 lnoq6norql ssautsng aql uleJureui ol a^arqlP ol slueJJPM la6eue6 aql qrlqM 'z alnpaqrs ul paurrads atueulolad Jo slalal parnbar al[ .ssaulsng aq1 a6eueu pue alp.Jado 01 auoa-l errars ulqllM ]flwulls ol ra6eueN aql Iq papuoras gels leuonlppe Jo alnl[sqns pue I alnpaLl]S Jo Z Ued ul pa$!l JJeF pue srostruadns 's:abeueur 'quel;nsuor 'saa,{o;dua Jaqlo pue lauuoslad Aey aql '(saal 1e6a1 alqeuosear uooeltultl lnoqltm 6utpnpul) sasuadxa lle pue '(uo;1e6r1qo ro luau(ed 'fit1tqet1 'a6euep 'ssol lenuanbasuol lo perlpu!
Aue Eulpnpxa) uone6rJqo pue luauled 'Alllqell 'a6euep 'sso1 {ue sueaut 'sluaruallnbal ;e6a1 arrluelsqns pue ;ernparord alqerlydde aql qllM a:uetlduor (aq {eu aser aq1 se) s,labeuep aql ro s,lLl\ldulls a1;dsap saf,uslsu!

aloqe aql Jo qlea u!
lluauraar6y slql lapun suoqe6t;qo s1t uuoyad ol Alllqe s,ra6Pue6 aql lo saqladojd Jo lssaulsn€ 'qasse'saqr;oe; suooellunululomlal aEeueu pue uleluleuJ 'alelado 'uMo ot Alllqe s,ElVdUlIS '!t 'l :lf,aJJe ^lasra pe pue A11eua1eu: leql suonlpuol JO SUXaI ,{Ue OJ 'astr*laqto lo ;eltauaj uodn '1uu6 qr ol luanbasqns 'pafqns apeur 6ulaq (r) .ro'pansrnd lltua6lllp pue apeu llaug pue lpadotd uaaq Eutneq uo;1ec1pdde uodn paMaual ro panssl 6u;aq 1ou (q) ro :paJJa pue alJoJ llry ul uleural ol Eulseac (e) :luasuo3 IuV sarnseaw af,ueruroJJad JeaA uPld sla al a)ueurorlod ge15 luarua6eue4 sso'l luosuoJ Jo asdp'I 1(e 's Ju waalDV luawaoDuDw pallwl1 r(u.DdwoJ suo!|D)runwwuapl auoaT DJJary Sierra Leone Telecommunications Company Limited Monoocmp nf Anrppmpnf Telecommunication Practices Reductions Relevant Authority Reports Target Performance Levels time to time by the Telecommunications Industry, having regard to engineering and operational considerations, including manufacturers' recommendations' Prudent Telecommunication Practices are not limited to optimum practices, methods or acts to the exclusion of all others, but rather are a spectrum of possible practices, methods and acts which could have been expected to accomplish the desired result at reasonable cost consistent with reliability and safety.
The reductions to the monthly payments of Fixed Fee for the failure of the Manager to achieve and/or maintain the required Performance Levels, computed in accordance with Clause 11.2 read with Schedule 1; The Ministry, department, authority, instrumentality or agency from which a Consent is to be obtained and any autnority, body or other person having jurisdiction under the Laws ofSierra Leone with respect to SIERRATEL.
The various reports for preparation and delivery by the Manager as Deliverables under the Agreement.

The levels of performance specified as target performance levels in Schedule 2, which the Manager shall strive to achieve progressively for the Business during the Term.

Term As defined in Clause 14 Termination Fee As defined in Clause 11.4 Scope of Work Services As detailed in Schedule 4 (as may be modified ftom time to time in accordance with the terms of this Agreement).
(a) The services for the management and operations of the Telecommunication Business, and (b) Deliverables for preparation and delivery by the Manager under this Agreement, in particular, without limitation, under (i) Clause 2 of the main body of the Agreement, (ii) the Scope of Wor( and (iii) the Amended Service(s) (when provided by the Manager), as may be modified from time to time in accordance with the terms of this Agreement.
1.2 Interpletation In this Agreement: (a) the headings are for convenience only and shall be ignored tn construing this AgreemenU (b) the singular includes the plural and vice versa; 11 ZI I g alnpaqrs rapun pauuap sarnparold aql qllM a)ueprolre ur paltnbal aq llprls lllwElis Jo 6uDuM ut le^olddp loud '(sauoal uorgp6 fixrg)96'OOO'000'09a1 Jo ulns aql spaalxa lo ueld lenuuv aql ul lltWUlIS iq panordde slrrurl arrpadsat aqt spaatxa uorlsanb ur luauarn:o.rd aql aJaqM asP) qlee ul 5eLll-F5F]^On1 'l;1LVdUlIS ;o suorle:ado pue luaura6eueu aql q1M uoqlauuof, ur parlnbal ro papaau aq IpuJ se 13IWU3IS Jo asuadxa aql lp pup Jo luno)rv leuorleN aql roJ to aueu aql ul 'saqDua pauMo alels.roJ sMel luaua:n:old qlm autl u!
ssaulsnq Jo aslnol fueurp.ro aqJ ur saltruas pue luaudrnba 'sarlddns 'sleualeu qrns aseqr:nd pue urelqo ot (r) lmel Iq palrnba: se slunoff,e aql Jo papnpuo) aq ol lrpnp tellpolrad esne) pup sprepuels fu1snpu1 luaprud pup sprppuels Euqunorry leuolleuralul r{IM lualsrsuol sprof,ar pue lunotle Jo $looq radord ureluleu pre6a: srr.11 ur pue llLVdUlIS Jo spunJ aql Jo ourlpuptl pue Euounorle ag1 aslruadns o1 (q) lsoc.ro suoqe6r;qo s,la6euep aql asealf,ur (O) .ra6eue6 aq1lo qq6u al.
{] PaJJe (C) alupujrolad aql Jo luauJa^arqlp aql :tedujr (A) aql Jo pnpuol a qf,aJJa pue lua!f,Uue aq1 :ledut (V) ro'ssausrng lo lsla^a"l :ra6eue6 aq1 1o luau6pn[ alqsuosea] aql u!

'lou plnom sarlsap qrns papr,ro.rd o1a.raql padsar LltlM pJeoS aql pue fitreder fuos1ruadns sll u!
d3N Jo sarlsap aq1 o1 1q6tam |1ry 6urar6 pue'sMel alqerrlddy raqlo pue sluasuo] aql lLL\tdUlIS Jo uolletf,ossv Jo sellruv aq1 luauaa.r6y slr.ll ul pauleluor suoqeluJll aql (rr) (t) :ol pafqns 'ssaursng atfl Jo uollPlstuluJpe pue uotstruadns 'luaurabeueur leuu aql 'sa;yed pltql ol 6upJaJsueq lo 6u1pe4uot lnoqlrm 'II'02 alrpe ur .ro1 pap;aold se ldarxa 'lptallp asttlaxa ol (e) :suoge6r;qo pue saur;rqrsuodsa.r 'sagpoqlne le.raua6 6urrvro;1o1 aql a^eq 1leqs ta6eue4 aql 'u.t.tal aq1 6uun6 ra6eue4 aqlto sallnq lerauag Z qlea 'luauaar6v srql rapun sagnp pue suogefilqo slt lno 6ut,t:er u!
'q11e1 poo6 1o uoqe61;qo palldut ue a,req 11eqs ,(ye6 (p) pue ipalelap Jo plaqqllrt {lqeuosealun aq lou lleqs ;enoldde ro luasuo) qrns 'r!.re6 Jaqlo aql uJo.IJ l:ued auo iQ pal;nba.t s1 ;elo.rdde ro luasuof, e Jelauaqm 'utalaq papnold aslmlaqlo ssalun (r) .lu uaaJDV .luaua0ouDw pallwll tuDdwo3 suoljmtunwwonpl auoal urars CL issaursng aql ol alqe]ldde se astMraqlo pue luauruo.,r^ua 'Aa1es 'suoqe:ado Eurulaluo: ,sapo: 1a1teu pue uapls 'suorle;n6ar 'sMel alqerrlddy qlrr* a:uerldu.roc tol apraold o1 1s1uasuo3 lue 1o lemaual Jo 1uet6 aq1 aalue:en6 lou saop ra6eue6 aql 'lpql papraojd 'sluasuo3 lle Jo leMaual pue atuensst aqt roJ suortelrldde t31ygy31s Jo Jleqaq uo alu pue atpdard o] lssautsng aql ro; fuessacau s1q6r.r pue quasuo3 'spupl 'saryadoJd 'satttltf,eJ palelei pup qasse suoqellunulu.losalaf Jo uotltstnbre aq1 puauJulo)al ol lll5ldulls Jo sanradord atp aleiado pue uteluteu ol isaf,rpeJd luapnJd LlllM a)ueplof,)p sa[!ll]pJ suoqelrunuuof,alel aql aluado pue uteluleur ol ut (>r) (0 (D (q) (6) 'arna[e4 ar:o3 (O) 11uasuo3 1o asdel (C) ur Eulcueug Ourpnord ul l"1.lVdU3IS ,Q ,,(e1ap (g) llil-Vdulls Iq papalas srast^pe ro sluclnsuol 'ropaluo>qns'sar;ddns'uo0el!ur!l poql;,lrr'6urpn;rur saped p.ng ro lllVUU3IS Jo suorsslrrro .lo qf,e (V) ueld lenuuv aqt ql!/v\ aluepJolf,e :JO llnsal pajrp aql sr arnpeJ qlns araqm (uolpnpa1 o1 pafqns aq lou lleqs aal paxlf aq1 ,(;6ulprorre pue) s1a,ra1 alueurolad palrnba.r aqt a^3lLllP ol alnlle] ioJ elgell aq lou lleqs :a6eue6 aq1 (rr) pue lluauaar6y s1q1 o1 luenund :a6eue6 aql;o suo4e6rlqo pue saqnp ;eraua6 aql qllM aluPpJollP ul llDls pue aJPl alqeuosear pup ialeq a^lpaJJf eql o1 .roud 1ua;eaald la^al aql I ( V( ) ) :Jo raq6rq aq1 sr ra^aLlllqm ol luau.rala qeql ap1,ro:d 1leqs ra6eue4 aql uaql lJoM Jo adorg aq1 u!
lala'l alueurJoJad parlnba.r atn Jo pafqns aql lou s!

ssaursng eql Jo luaurala ue araqm (D :IEqfFSpln6iti 'UoM jo ador5 aq1 u!

palqs se asetr qrea ur 'sla^al alueuxolad 1a6re1 aq1 anarqf,e ol suoJJa alqeuoseal i1;elrlauuor aleu pue(1 alnpaqrg) sla al alueuJrola6 parlnbar aql a^alqle o 0) Jo adols aql urr.ltrM ue;d luaudolanap l!6atE4s leal ang e apnord o1 (a) polad leplul aqt raue sqluour xls d3N ol lesodotU qr isuoqelnd[s anrpadsa: aql q]!M af,ueprof,re u!
IroA Jo adols aql pue luauraarbv srql go Apoq ureur aqq ur pagrtds qrodag aq1 luqns ol (p) luaWaalOV IUaWaODUDW paywll f,uDdwoj suollDJtunww@apl auoal D als vl lsqluoul oarql 6urpaalxa lou porJad palrLurl e roJ suorlotrlord Ourlalleu 1o uoqdalxa aql qllM 'saltruas sll roJ ll.l-rdulls aql Aq alqea6reqr safupql ..taqlo pue JJrrel 6utuas llauuoslad ,{a} aqt ol i(Eratlp 6ugodar lauuosrad aql se sasodlnd asaql loJ pauuap lauuoslad luaua6eueu roruas qfns lllWUlIS 1o ;auuos:ad tuaua6eueu Joruas Jo af,rruas Jo stutal pue uo;1ou.ro.rd 'aEteqrsrp '6uurq 1((t)7 asne13 ur palelndrls ssautsnq Jo as:nor fueurp.ro aql ur sluauiaJnro:d ueql :aq1o) quatualnro.rd ;euorlelado pue ;e'1rder (a) (p) (r) issaursng aq1 ;o qradse 11e :otr 6uruue;d ural 6uo1 (q) ssaursnq 1ana1 q61q Eurgas r(q ssaursng aq1 ;o luaudolanap rr6ale.rls (e) lsanlpafqo :6urrvro;1o1 aql aq lleqs preog aq1 Aq apeuJ 3q 01 suorsDap ,{rr1od lo[eu loa:aq sasodtnd aq] roJ 'llfwdlJs Jo lueua6eueu eq1 ro1 sarrqlod Eurlerado lle auru olap lqeqs ra6eue4 aq1 'preog aq1 Iq apeu aq lleqs suolsnap l(rrlod .rofeu ;1e 1eq1 osno.rd aq1 o1 pa[qn5 sa!r!lod 6u!leradO '13l\fdy3ls lq paumo ro ssaulsng aql ol palplal sa[r^rpe ]o sa]rs '$UoM 'sallllDeJ 'sasguard 'spare Aue saurll alqeuoseal lle le padsur pup llsrn o1 sarrpeluasardar pasuotnne s;1!
ro IIIySU3IS aW lo srarugo pue srotf,arlp lle JoJ ssalle aplnord o1 (b) pue lsuapr(s uollplrunuuJora;a1 ;o luatua6eueu: alqelgold pue luaolJJa ur a:uar:adxa .ro luau.rdo;anap pue qlre?sal umo s,io6euey{ uro!

6uqlnsar /v\oq-MoDl aielrdolddp l3.I\fdEIS ol alqelle^e alpuJ ol lMoq-Mou)l pue a)uauadxa qr ,(q lgauaq 1t lal pue aluplsrsse pue dgaq lef,rur.

{f,al ll_I\tdUlIS ol alqelrp^e alpr!
ol (d) (o) iaJrnbar auJB ol aulll uro.q Aer.u pJeog aql Jo dfN se uoa:aq1 paseq sltoda.t lo speJlxa qrns aredard pue ssaulsn€ aql ol 6uBelal quaulnlop laqlo pup aruapuodsa.uol g1e 'papanbar os Jalauaqm 'sanllpluasalda.t pasporllne {np qt ro prpog aql pue dfN roJ a:npo:d o1 issaulsng alfl Jo pnpuo] leuxou aql qlrr* Eupayalu; ro I adoJd to suostad o1 s1s1t 6u1n1o,ru1 bua6raua Jo suorlenlrs r.lllM leap o fuessarau satlllpe lno fuler ol (tl) (u) issaulsng aql Jo lsaJalul aql ur alqpsrlpe ro fuessacau alaqM'l3aVdUSIS Jo auJeu aq1 ur qq6ry ,!.rado.r6 lpnpallaluJ ;o uoqe4sl6al aq1 .ro; apraotd o1 (D fuawaoDuo w pa11w17 fuodwoJ suoaDzlunwwoJapl auoaj DJJaIS € 9t lssaupalqapur Aue aalueren5 .ro ,(auocu pual (6) lslassp lo ssaursnq s,llltr1gulls I Jo 1.t ed Aue lo asodslpjo u6rsse 'raJsue-q 'eseal 'laqlllnlua 'a6pald 'anulluo)stp 0) l,{rualtn: Aue ur iualenrnba qr ro [sauoal uorllN pa]punH a^lJ I 0O'OOO'000'O0Sa] spaatxa JoalaqM anle^ aql ro JeaI (I) auo spaatxa JoaraqM [ure] aql luautaatbv Iue olur 6uualua ro luau:aarby q:ns {ue Jo luaupuaue aql ro1 ro 6urp;rnq lue ;o uorpn.rlsuol aql ioJ luauaar6e {ue olur lalua (a) lalrl alnpaqls ur papnllul sluauraar6p .rofeul $rl aql Jo uonpsurpouJ aql ol padsar qlwr suo0e0o6au pnpuol ro iJrpour ilsnll ut plaq are ljl\/"dulls Jo spury aql qlqM,(q luauaa:6e Aue olur ralua i'lSIVdU3IS aql Jo ssaursnq Jo asrno) fueurpro aql ur ueql Jaqlo 'I1.tadoid raqlo ro sallunlas 'sareds 'slool 'saqr1ne3 ro sualsib uorlef, runuuolalal'luaurdrnba'slpualeu's6urp;rnq'puei Jo pedsar ul pJpog aq1 {q panordde ueld lenuuv s,.teaA luenalal aq1 ur las lrxrl aql ro [sauoal uorllrN parpunH a^!l ] 0O'OO0'OOO'OOSa-I Jo ssalxa ur Jueupa^ur auo Aue aleu '(r) Z asnpp o1 pa[qns (p) (r) (q) i preo6 aq1 ,{q panordde ueld lenuuv s,reeA luerra;ar aql ur las lurl ' aq Jo ssalxa ur Aauou.r 1o 6urr*olroq aql .roJ luauJaarbe,tuB olut :alua (e) :lou lleqs ra6eue6 aql 'dfN Aq panordde pue p.reo€ aql Jo uollnlosa.r Aq llgergrrads .ro l;leraua6 pasuoqlne ssalun t'b san!^llf,v papnPxl b 'rapunalaq 9 asnel3 ;o suotsgnotd aq1 o1
 pafqns 's;enoldde leuo0tppe JoJ paau aql lnoqllM luatraln:o.rd lle qllM pue ueld lenuuv 3qt ;o uopeluauraldul aqt q1M paarold ueld lpnuuv aql Jo dlN Pue llI\roUlIS Iq lenordde aql JaUp ieu ra6eue6 aql 'lqnop Jo alueplo^e aql roJ 'urr3 6urlunorry uP Jo uoqeuluxal lo luautuloddp aq1 6u1pnpu1 qunotlP s,'l:ll-V1dutls Jo llpne pue :seJnlqsa^rp pue suo!l!s!nbte uoqeluasalda.t le6al Jo uoapulural ro Jeulelal aq1 o1 6uge1a.r s.rlege 1e6a1 6urpn1ru1 'I3.I\tdu3IS lsuteBe :o Aq s6urpaa5o.rd fuo1e1n6er pue le6al srolerado 6159 o1 6uqela: sanss!
uoBlauuolJelul lqasse pue ssautsng stl 'l:llVdUlIS uolplps!.rnI q]tM salluor.
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asn llrm dfN ro lllVUUlIS'sr*e1 alqecr;ddy ;;e q1m sarldu:or la6euehl aql pap!^old L'I'9 'rapuneraq suoqe6rlqo sl!
Jo a)ueurolad radord aq1 :o1 la6eue4 aql Aq pa$anbar :o parrnbar A;qeuosear sasuodsar pue suolleslorllnp 'quasuol 's;enordde 11e ,(elap lnoqlrm pue ,{pdruo:d ap!^otd lleqs -lLI\tgUlIS 9'I'S '8 alnpaLlls lapun paglrads aullpeap aql ulqlM pue sarnpof,o.rd aql qllm af,upprof,lp ur iapunaraq suoRe6llqo slr Jo alueul.rolad aqt ioJ ra6eup6 aq1 Aq parrnba.r "l3.MUlIS Jo loluo).lo uotssassod aql urr.ltlM uorleuloJul lle lelap lnoqllM pup lpdruord aprrro.rd 1leqs l3I\tdulls s'r's 'ural aql 6ur.tnp asuadxa s,lLLVUUlIS le quasuo3 aql Mauar pue uleluleu 'u1e1qo o1 alqrsuodsal aq llpL1s l3.I\fdUlIS /saguoqlnv tup^alay aW aroJaq 'll-LVtU3IS 6uguasardal pue sa:uereadde 6u11eu pue sme1 alqerlddv aql rapun parlnbar se Ioddns ur uorleurolur pue squaulnlop lle qllm suo[prldde aq1 6urJg pup 6ulreda]d .ra6eue6 alJl ol rla[qns t'I's 'ssaulsng aql Aq parlnbal sasuadxa EuBeiado pue lellde) Euryroiu 6u1pn1ru1 saf,rnosar 6ugerado pue lpllde) lle roj alqlsuodsar {lanrsn;rxa aq lleqs -lfI\fdUjIS €'I'E 'luauraa.r6V sltll .rapun suorleEr;qo sl!
Jo atueLulo#ad aql ro; e:rnbar i(lqeuosea.r Aeu lt se Ja6eueN aql 01 uolleradool pue eruPlsrsse radord pue Alauq puaya lleqs 'lll\rdulls z'I's ur aleo ra opueH aql uo ra6euPhl aql ot ra^opueq aql uJlolad lleqs lflvuulls I'I's 'Z alnpaqrs u!
lno las sarnparord aql qllM a)uppJof,f,e lfLvuullS Jo saqno lelaua9 I'9 ]3IWU!IIS Jo sallno leraua9 s 'preog ag1 Aq panordde EI\tdUlIS .ro; ue;d Jaqlo Aue Jo ueld UH a\q 'upld lenuuv aql uo{ uedap pue 111ygX31g Jo sraploqareqs aql Jo Euqaau p ul auop aq o1 parrnbar are IfIWU3IS Jo uorlenossv Jo sapruv aql rapun ql!q/v\ 6u;q1 .io pe lue uuolad ro op (0 (r) 1(lllnduSIS Jo suo;1e6r1qo angradsa.r aql Jo aJeme sr la6eue6 aql teql luaua aql ol) ,tued e s!
'l3IVdUlIS qltqm ol luauaarEe Aue ro srvrel alqerllddy aql 'sluasuo3 aql lapun 1;1IVUUI$ ;o suor1e611qo a{t q1lM lua$lsuolu!
6u;q1 .ro pe ,(ue op (q) pa4w17 tuodwoJ suotlDJtunww@apJ auoaT DrJa$ u ut LL 'sluauJnloLua pup uorlesuaduJol lo saler 6urpnltur 'Joalaql uorleutLrttal pue 1uau,{o1dua Jo sllrral 'uorlfalas aq1 'alqleld lnlMpl qlrM AluepJolJp ut JJeIS luaura6eue6 paleu6rsap s1 are;dar pue anouar 'lurodde o1 {uoqgne alos aq} a^eq lleqs raEeueyl aql 'lauuoslad r(ay aq1 o1 6ur1elar 7 9 asnel3 o1 palqn5 'uraf aql roJ alpo a^rpajJf aq] uo lllwul15 o1 suorlrsod pateu6rsap rol paAoldap aq llpr..ls orlm JJeIS luaua6eue6 aqt lo (s,Af) ael1 unlnlpln3 'poued ra^opueH aq] urqltM 'alqellp^e aleu llrM ra6eue6 aq1 z'1'9 I'I'9 Jlels lu€uaEcllefiJ I'g lauuosrad 9 a [ua]u!
pue lrseq aql llru u!

pallol ot panquo aq lleqs ra6eue6 arlt (p) 'luauaar6y slql qllM af,ueprof,le u!

saa1 I alqergldde aq lou llpr.ls srolmrpul atrueurrolad Aay p6le1 pelpler eql 'sarrnp ]uapa)olue q; ruroyad ,(padord pue Alaug o1 "ISIVUU3IS JO ernlreJ aql Jo llnsar parlp aql s!

llneJap qlns araqM sarlnp st!

Jo aruerurolad aqt u!

llneJap p roJ alqerl aq lou llprls la6eue6l aql .


(q) (:) pue lsannp luapalalue s]1 1o arueu:o;:ad aqt lo lilWUlIS Iq Aelap aq1 o1 6urpuodserol papuaxa aq lleqs sallnp qr ;o la6eue6 aqt Aq af,upuroyad lo1 aulll aql (e) :A;6urploory'sagnp aalpadsa.r qr 1o ra6eue6 aq1 ,(q arueuro;.rad aql ol luapalard uollrpuo) e aq lleqs sallnp slr Jo IIIWUIIS Aq arueu.royad radord pue llauq aq1 'luaruaar6v srql rapun sarlnp sll Jo ILIWUIIS {q arueu:.ropad aq1 uodn luapuadap s1 ra6eue6 aql Iq sallnp sl!
Jo alueu.rolad ,{1au11 pue rado.rd aql araq6 @z's '13.IVUU3IS Jo ssautsng aqt pup s6uDleuapun 'saqado.rd 'saqrloeJ 6upuado 'sal!ruas uouerunuuotalal aq1 6upe.edo pup 6uruteluleu ;o sasuadxa pue qsof, lle (p) pue lsaryed prlLll pup sjolf,ejluol-qns 'sJopua^ 'slauJolsnl 's.rarlddns q!

pue llI\ldUlJS uaaMlaq sluauta6uu:e lo luauaat6v .to saruarll 'sasea; 'sluasuo3 aql Japun sa6:eqr pue saeJ lle Jo quau{ed (r) pue Eupleyapun aql o1 6ur1e1a.r saf,ueinsu!

uo unruald alue.tnsu!


lle (q) 1'IIIVUUIIS Jo sauedord i6uro6a.ro; aq1 1o ,(ue ol Voqelal ut .ra6eue6 aq1 5ute6e apeur sluaussasse Jo suJlel) Iue lo1 pagluu:aput :a6eue4 aq1 daal lleqs pup ssaursn€ aql pue'lflwu315 o1 6u;1e1ar a1t| aqq pue sltodtul 'sanuanar's6u11eyapun'sauadotd'sua$ls uollellunuulolalal 7Ua waalov luawaoDuDw pailw!1 tuDdtuoJ suolyDJlunwwfiapl auoa1 oJn$ 8t Ja6PUehl aql 't'9 asnelf, ol patqns 'srea^ (Z) or'q lo ulrat runululr!
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pup suosear q!

6urnr6 '6uor.urr ul 'I3-LV6UIIS AJ[ou lleqs Ja6eue4 aql 'I alnpaq]S u!

t{UoJ las .laqurnu urnurxeui atn Jo ssatrxa ut lauuosrad leuorlrppe;o 6uurq satellssa3au sla^a'l alueujJolad paJlnbaj aql Jo luaua^arLlle roJ ssaulsng aql Jo luaua6eueul a^rpaJJa pup luaDu[a aql ra6pueN eq1lo uoruldo alqeuosea.l aql ul Jl pouad leqrul aq1 go AJrdxa aqt uodn ,Mf UlHfUnJ OIOI^OUd I alnpaqts u!
qruoJ las raqurnu unurxeui aql ol dn JJeIS quar.ua6eue6l aql Jo sraqu/aur se ;auuosrad leuoqlppe qrns Aoldua rauparaq],(eu ra6eue4 aql dfN pue 131W83IS aLn uonesuoqlnp uodn pue aro]araql suosear q!

6utru6 6uqr.rvr ur dfN pue EI\ndUlIS AJllou os llpqs lr JJeIS luauJa6eup6 aql Jo sjaquaur se lauuo$ed leuolllppe Jo 6uurr] salsllssaleu ssaursng aq1 3o luaua6eueu a^rpaJJa pue tualtula aq1 .ra6eue4 aq1 3o uoru;do aq1 ur J!
po!.lad lellul aqt Jo lJrdxe uodn Ml OIOI1OUd lluauaar6y sltlt rapun suoqeorlqo ql uJrolad ol JaoeueN aql JoJ jJpls luaua6eueN aq1 go ,,lrenbape aql sluprreM pue sluasardar la6eue6 aql 'JJelS luarua6eue6 aql 6ulspdurol lauuosJad paAoldap sI lloJlpd qt uo furpt pue ra6eue4 aq1 ^q ^oldura ^eu "I:IIVUUIIS ol luauAoldap .lraqt Jo an+r^ Iq ge15 luau:a6euphl aql pue lllWUlIS uaaMlaq 6ulplxa se paslu6ocar aq ro Frxa lleqs dlrlsuoltelar ;e6a1 relrurts e ro loua6e 'luaulo;dua ou pue 'suoBlnJlsut s,l:[WUfIS ]o llnsal parlp aql sr uolssLlJo Jo pe qlns araqm lda:xa 'ge1g luatla6euEh aql Jo uorss ,uo ro pe lo; a;qtsuodsar aq tou lleqs EIVUUIIS 'raEpuphl aqt Jo Arlrqlsuodsa: aq1 ^ue aq lleqs JJels luauraopuPN aql Jo Eurureil pue uollf,arlp ',uo;slruadns aql puP t'r'9 paUw!1 tuDdwoJ suouDlunwwoapJ auoa1 rals bL teq aprAol 'aal uorleuru-ral aql pred aq lleqs lleqs aal uorleurur]aI aql la6eue6 aLll ples-aroJe se.ra6euei4 Aq uolleulu]lal lo lua^a aq] u1 's^ep (gg) /yrq1 1o pouad altlou pres aql urLlltM ueld !H aql uo luaulaal6e qleai salued aq] ll pa1Ja ur anurluof lqeqs luauraa.r6y slql pue asde; 1leqs alllou uaullM (,,,0e) Utalulqr aql uo a^rllaJJe aqt leql paprnord 'alltou ualtuM aql lo aq ol uoqeuruJral qrns 'l:[y3UjIS o1 a]llou ueuum 6utnt6,iq luauaal6y slql alpurur.ral o1 1q6r.r aqt a^eq lleqs ia6eueri aql 'pouad slep (99) pres-aroje aql urqllM ueld UH aql uo aal6e ol alqPun aJP salued aql alg lua^a at4J uI 'suJrel qr qlrM sluepjof,lP U!
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se aluauadxa pue llDls qlns ssassod lou saop - (r) 'sannp sttl ;o arueu:to;lad tado.td ro 1l(1oederul ;errsr(qd Jo lPluau ro luapDf,e 'ssaulll Jo suosPal loJ ,tpuaueulad .ro A;uetodural laqla saqnp s l ullolad ol alqeun sauloraq (q) (e) t;Hliii ro latruaJJo IuP Jo pap!^uo) lo/pue pa6leqr sl ,tp1, I p" r, I ; 1 e qs r aE eu e6 rrr'.noo.
illt'":rtn#t H"ui;',fl# 'dfN pue l:LLwulIS Jo luasuol uallllr* lot.td aql lnoqllM sellruss aql uo Pasn aq lou lleqs pa^oular os JJels luar.ua6eueN aql 'luatuarelda.t ale!.rdo.rdde ue aplaord pup JJrIS luaua6eue6 qlns a^oulal qllMquoJ l1eqs ra6eue4 eql pue 1ua6r16au lo lualaduolut aq lo JlasJeLl Jo Jlasultl llnpuo)srur 'd)N pup -l3lVdUlIS 1o uoluldo alqeuosPel aql ul 'lleqs orlM ge15 luaua6eue6 IuP ol:a6eue6 ar.ll ol 6u[uaa ul a]nou [g pa[qo o] Iilaqll 1e aq ra6eue6 aql qllM uorlellnsuof, o1 pafqns 'lleqs dfN pue ]3J-WU3IS z'€'9 T'e '9 JJPTS Iuau.laoeu ENJO] uralPloau pue eAourau €'9 ';o.l1uor s,labeue4 ar4 puoAaq saluelsulnllp tuo'q 6u111nsa't lou sl lauuosJad Aa) ar.ll Jo a6ueql aq1 pap;nord 'dfN pue llI\ldUlIS ol paJJa ler{t ol 3true^pe ul alllou ,qaaM (}) lno] ueql ssal 1ou 6u1al6 Aq lauuosra6 lay aq1 a6ueqr dlN pue lllVdUlIS aql o1 6uggt't ul suoseal aql pasollslp Eulneq pue 1uau.raa.r6y slll lapun suoqe6rlqo s1t 1o arueu:oyad .rado.rd aq1 .ro1 :a6eue6 aql lq Alessarau Palaplsuol alaqaa lo (a111 aq1 ro qlutad ltorvr 's11ruad uo[PJ6ltutu!
'ies!^ ]o uol]e]o^al lo leMauar-uou 'af,uenss!-uou ol anp '6utpnllu!)
loJluol qr puolaq saf,uPlsunf,ill 'to1 'teul luawaaJDV lua waDDuDN pallwll tuDdwo7 suono)MnwwfiapJ auoa7 orrag OZ uodn leql aJnsua ol a^rpafqo aql r-{]!M lll-\|duIIS Jo lauuoslad Jo 6uturerl ol lluoud q6rq a^r6 lleqs ra6eupN aql Aq patedard upld UH aLlI 'lllVUUlIS Jo lauuosJad lelol Jo 6utut?ll roJ uotte6llqo aql a^eq lleqs labeueN aql suorlpbrlqo sJatpuql I L 6u;u1er1 't aq $nur ;enordde uoq;sod ;era6euehJ e ui sr "ljl\tdulls, r.rS'rl*orlili?
OlOnOUd luaLrareldal alqelrns p qlm JJels passtulsrp aq1 are;dar qllMq1.toJ 'ra6eue14 aq1 r{q palsanbar os 1r ';leqs llIVdUlIS 'sme; alqecrldde aql qllm aluPpjo)f,e u!
sla^al af,uPrirJoJ.lad aql Jo luaula^arq)e aql ol uorlf,nJlsqo ue .ro uoqdursap qo[ srq rol alqe]rnsun pup luatpaqosrp '1ua6rg6au 'lualadurolur aq o1 :a6eue61 aq1 Iq pegrlou se luauqlualal ,{ue a1eu.r lleqs IIVUUIIS l6uEosr6alf Tw_-u3ISJolueEqruartaEpueluer,rr^ofilm=s'9 'rauupr.lr p ur padsa: srql ur saaloldua aq] ol sanp 11e;o luaui(ed aql roJ pus ueld UH paaordde aql qllM alueprolle u!
JJES III\|dUIIS Jo luaulqruailar aql Jo 6ulrueug aq1 ro1 alqrsuodsar aq lleqs EIUdUIIS ^laur[ b'b'9 '.ra6eue61 aq1 iq uaat6 - suoqlnj]sur ro sJapJo Jo llnsar paJrp aqJ sr uotsstruo Jo pe qlns araqM ldarxa 'saar{o;dtua qrns Jo Ued aql uo uolssu,,lJo ro pe JoJ srotllo ro I:IIVUU]IS ol jou 'uoqesuaduor ro sa6em llaql.lo; saar(o1dua qrns ot alqell aq tou lleqs ra6eueyl aql pue llorAed s,lilVUUjIS uo aq llpr1s saalo;dura qrns leql surruuo) pue sa6palanouyre (r) ^ue pue 1[ alru lq paro.idde p.lpog / preog aql Jo a^lteluasa:da: paleu6rsap el q6noq1 ra6eue6l aq1 {q ueleyapun ag lleqs sall^lpe q:rqm'ge1s a^lln)axa aq1 6urpnlrur '1LlVdUlIS 1o saaloldua lle Jo a)ueJa^as pue abreqrsrp 'uoooruold '6ur.r1q aqi ur ra6eue4 aql ol uolleiadoo) pue af,uelsrsse lduro.rd pue llnJ pualxa lleqs l!
lptll sJueua^of, (q) lsanrln:axa qr 6urpn;rur 'llIyxUjIS 1o saa,{o1dua lle Jo ItoM aq1 asrruadns o1 ra6eue4 aq1 o1 1q6u a^rsnllxa pue alos aq1 quet6 (e) :'l:lIVdU;lIS 'ueld UH aQ Jo sr.xJal aq1 o1 pafqn5 t't'9 'slanal alueurola6 partnba: aql Jo alueualuteul pue luoula alqle roJ alqrspal se l3l\fdulls 1o ;auuooad lelol Jo asn unuJlxeul aql aleul ol se os dn urvrelp aq lleqs pue anoqeulalaq 6u1uue1d uorsse)lns 'luauldola ap pue Eululp.rl Je$ 'sluauyedap pue ;auuosrad Jo EuunllnJlsal Eultnsua s.ra11eur luaua6eueu sal.rnosar upurnq lle ssalppe 'urnululu.l e sP'lleqs ueld UH aq1 '(rlrtruu:tsllq panss!
uaaq seq aleururar ol luatul Jo allloN e taqlaqi ;o ssalple6a:) Eutnuquor s!

pue paJlnllo seq I'Z'SI asnel3 rapun llneJa6 Jo 1uan3 ra6eueil e 11 alqeled aq 1ou z'b'9 lua waaJDV IUAWaDDUDW pa4w11 tuodwo7 suo4nlunww@apJ auoa'l Drrag t7 'sardol pJeq pue llos ur papr^ord aq llpqs slodal pup slptraleul llv'sa!

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saUpd aql uaaMlaq paal6e se auula6o.rd 6u1ure4 aq1 ol sa6ueql parnba: aq1 aleui lleqs ra6eue4 aq1 pue auue.r6o.rd 6ururell aql Jo uollerulpour lsanbal auiq ol aulrl r.uo.q ,{eu lllvdulls uH aq1 ur auuel6o.rd 6urure.r1 aql Jo lualuol pue u6rsap aql uo sarued aq1 3o luauaat6e aq1 6urpuelsqlrrulop "-reld afiJureJDo.ro burureJl ol saoueq3 v'L 'auruteJ60rd 6utute4 aq1 1o uolleluaua;du.l aq1 o1 padsa.r qqrru panbal llqeuospal atuB 01 aurl tuo{ Ieur dfN ro'llI\rdUlIS se syoda.r pue uollprrrroJu!
raqto qrns d3N pue 'l;1LWllIS ot tlurqns l;ldruord 11eqs ra6eue6 aqt 'reqUnJ 'u.ro{ araql uMe.rp suorsnpuor {ue 6upe1s pup Mallar pue suolleutulexa qlns Jo sllnsal aql quoj 6unras uoda.r luailenb palletap e dlN pue -lLlydulls ot truiqns lleqs Ja6eueN aql '1oaraq1 a6elueapp 6uqpl are 6u!ule4 aql 6ul^lalaJ suosJad aql raqlaqM ursuaf,se o1 pue auueroo.rd 6ururel] aql Jo fuua!
)lJJa aql aulu.lalap ol 6ulpnllul auue:6o:d 6u1urel1 aq1 Jo sa^nsfqo aql alalq]e o1 agerldoldde ro fuessalau aq leul se euruer6o.rd Eurure.rl eql ,ro ssar6ord oql pue saaurerl Jo suolleurulexa rlpouad qlns lno furer ;1eqs la6PuP[^l aqa 60!I-dda.t p-Ee uo-llEEltrEEi €'L 'Arlrqelrns r!aqt pue aruapadxa 'suonelurlenb raqJ uo paseq lllWUlIS t{llm uo[ellnsuor ul saaule4 aq] palas ol uoBa.Dslp leuu au a^eq lleqs ra6eue61 aq1 .55qE]1loT6]]]EFS z'L 'ueld laopnq lpnuue aql ut panotdde pup papnllul aq lleqs 6ululerl ol 6uoelar suorsraord slso lE 'lj.IVUlIS Aq auroq aq lleqs 6u!u!e.t1 aql ol paleleJ Slsor llv '6una1reu pue eluPuu ',uoqe.qstutulpe ssaulsnq 'luaura6eueu '6ur:aaurbua lerluqlal 'uollelluul lnoqllm '6urpnlrul 'ssautsng aql Jo qfedse lle ssarppe l|M Eururell qlns 'll-L\fdu:lls lo lauuoead aql roJ peoJqe pue auoa'l eJrars u!
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pue qof-aql-uo apnl]ur lleqs lauuosrad lYro1 p 6utu1e.t1 q)ns 'ssaulsn8 aql Jo suorleJado pue luauaEeueu: 6ugo6uo lua!trU+a roJ Arpqrsuodsar llnJ aurnssP Alqeder ue: lauuosrad ;ero1 'luauaar6v slql Jo uoqeltdxa IUaWAAJDV luauabouDN palwn .fuDdtuoJ suo!|wlunwwozapl auoaT DJJals 77 6urar6,{q 1rau.raa.r6y slql aleurulal o1 1q6r.r aq1 aneq 'uortdo slt le 'lleqs ra6euehl aql 'lla[ar ol sr pieog aq] Jo uorsoap l{?uU aq} JI IeuU aq lleqs dfN Aq panordde pue (aaJ6e lpenlnu preog aql pui2 ra6eueh aql se aulrl laqto q)ns le ro) 6urlaau aq1 le apeut aq llpqs qltqi!^ preog aql Jo uotsnap aql 'uoqppuaurLlorar s,la6eue6 aq1 o1 padsat qllM ualet aq ol uorlle Jo aslnol aleudordde aq1 uo luauaar6p qlear ol suoJJa lsaq laq] asn Ileqs pleog aql pue dfN 'ra6eue6 aql /6uBaatu aql lV '6urtaau, e q3ns roJ lsanbai uallrrM s,:a6eue4 Jo lltWUlIS Aq ldrara.r 1o s,{ep (1) ua^as u!r.l1m areld a}el lleqs 6urlaau: qrns 'dlN pue preog aql qllM 6u[eau lua6ln ue 6u[uM u1 lsanba.r o1 1q6u aq1 a^pq lleqs ra6eue61 aql 'uollepuauulof,al qtns qra[ar IilVUU]IS pup lllWUlIS ol uorlppuauruJolar e aleut plnoqs ta6eue6 aq1 11 'salrruas aql Jo adols aql qll/v\ 6ur11e1 rapeu laqto pue auuerEo.rd 6urure4 aqg 'ueld UH a$ 'ueld lenuuv aql 'ge1g luaura6eue4 aql jo Jaqunu elil ol uollplal ur 'uol]e1ru.rr; poqlrm '6urpng]ur ssaursng aql Jo suoqerado pue luaula6eueuJ aql Jo tlnpuol aql ol 6ullelar dlN pue 'I:I115UAIS ol suonepuaururof,er alqeuosee] a]eur uraf aq1 6uunp leur JaoeueN aql leq't pale;dualuor sr 1r '{l6urprorry 'sla^al alupuroJ.ra6 1a6re1 aqrl alarqle o1 :a6eue4 aql JoJ uJJal aql 6ulinp asue lpur lpql saluelsurnlrll lle JoJ ap!^ord pue aledrrque o1 alqrssod lou st Meql aar6e seryed aLlI z'6 I'6 ra6euel4 aql Jo suollepuaururoxr1 6 ^eur ^lleln6ar 'quauarnlo.rd palepdn 13IV6UIIS daal l1eqs JaEeueN aq1 uo syodar q6norql 3t|L 'palua^run]JD aq ol ssalord slql rol lquoqlny luP^alau aql ruo4 paurelqo aq le^ordde luaDlJJa ]sol aJour pue fuessarau 1t q6noq1 6utpptq a^[qaduo] qEnorql apeu aq lleqs 't002 llv luauioJnlojd lrlqnd leuoqPN aql ,{q parrnba: se.ro
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sallddns pue luaudrnba Jo sluauralnfold ||e u1 luauaJnford lH)ol 8 'a^oqe asnel] Iq pauranoE aq lleqs s.rossasse ]uapuadapur aql iq pasodord sa6ueqf, AUV 'auluer6oid 6u1u1e:1 aq1 1o uoBeluauralduJ!

roJ alqlsuodser JJeIS luauraEeuehl aqQ ol pue slerJaleur Jaqlo pup slpnueur 'spjotar luB^alar aqJ ol ssatrf,e 6urplao.rd Iq 'uo;1e11urg1 por4rr'r '6urpn;rul 'ljI\rdU3IS Aq palurodde srossassP luapuadapu!

aql ol eluelsrsse pue uolleradoo llru sql puaua lleqs la6euel4 aql 'anoqe I'Z asnell u!
paulrads atuue.r6o:d 6urule.rl aqt Jo sa^lpa[qo aql Jo luaua arqle aql Jo luauJssessp ol MalA atfl qlu'^ auua6o.td 6utute4 aql ol Eurure1.tad sJageur rarflo pue lualuol 'I1t;enb 'ssal6old aql jo luaulssasse luapuadapul Iaas aulrl o1 eulll txo4 uollallslp ql le AeuI l3-LwuSIS ''l tu-m5s65sjjreuEd6pulg'L fuauaaJD IUaWaoDUOW pailwn {uDdtuoS suotlDJlunwwnaPl auoa1 oJJa$ LC :uaql prlqt e Iq EI_WUIIS ol papr^ord lo l]]ed plql e Iq rapual e ot papafqns sr af,lruas papuauv ue leq] lua^a aql uI 'iued pJql Aup uro4 alrruas papueluv qlns a^talar ot pallltua aq lleqs ]11\tdufls ,af,truas papuauv up apt^oJd 01 Ja6euer{ aql Jo lo lesnJat Jo lua^a aql uI ^trpd ^ltlrqeut 'ra6euPN aql Jo sanrlrqtsuodsar puP alor eql qllM lualstsuotur asrMlaqlo sl a}ruas papuauv aql Jol ra6eue4 aq1 o1 asuadxa pue $ol lpuotltppe sltelua altruas papuauv aql araqM uorleraunulal leuollrppp o1 aar6e lou saop 1J.l\tgUlIS luoqsanb u!
a)lruas papuarlv aqrl uroyad 01 alqeun sl ll leql alellsuouap ,{laarpafqo ol alqe st il (r) (q) (e) :J!
alrues papuauv ue ro; panbat e asn ar ol pall[ua aq lluo 11eqs .ra6eue6 aq1 'panbal s,1IJ_VUUJIS luaura;dur o1 pa6rlqo aq 11eqs ia6eue4 a$ ,EIVUUIIS ,(q apeu 6uraq 63p lq pano.rdde (s)atrrua5 papuaurv rol panbal e uod6 'sluauarlnber s1r 1no 6urgas ra6eue4 aq1 ol uotssturqns uellum p aleur lleqs gr uaql '(,,o;ruas papuauv., ue se ol parraJar raueutataq 6uraq luaua;ddns ro uoqnlpsqns 'uolleJalle qrns Aue) ta6eue6 aq1 Iq paprlord pue pauroyad saolrpe pup salrruas aq1 luar.ualddns lo epltgqns ':a1;e o1 seqsrm dlN ;o le,rordde aql qllm1LIVdUjIS leql lua^a aql uI 'd3N pup 131WX315 Iq apeu 6u;aq paga srql og lsanba.r e uodn laau lleqs lua^a lue ur pue llo1 Jo adoc5 aql pue a^oqeureJeq Z asnel3 repun 'uoEslr,lJll lnoqllM 1nq 'relnrrued u!
'luauaar6v slql Japun la6Euehl aql lq papl,rord pue pau.uoyad 6u1aq are sallr^Ef,e pue sa)!ruas aql qrlqM u!

Jauueui aql Mal^a.l ol laau auJtl ol euJp ulo4 lleqs ssHJed aql- !0I E'OI z'0r I'OI sar!ruas aq1 o1 saEueqf, 0I 'uual aql 6upnp s1aaa1 alueuloyad pargnbar aql urelureur o1 (a)7 asnel3 :apun suope6llqo q!

uro.U :a6eue6 aql asealar o1 puno:6 e aq lou lleqs lLl\fd;lls Iq uorgepuauruolar s,ra6eue61 aq1 ;o uorpafat ag1 'pres-aroJe se luauaar6y aql aleulural o1 paaro.rd lou saop ra6eue4 aq1 g1 .
(fftfUUlIS ,tq panssl uaaq seq aleululral ol lualul Jo arlloN e Jaqlaqm Jo ssalp:e6at) 6utnueuo: st pue par.lnllo sprl I'Z'SI asnelJ rapun llnEaO Jo luaaS ra6eue6 e 1t alqe,(ed aq lou lleqs aal uofieulural a$ EqI-FaFi on 'aeJ uoqeuluual aqt pled aq 1leqs :a6euep a$ 'Z'6 esnpl3 rapun :a6eue6 ,{q uo11eu1uua1 Jo lua^a aql uI b'6 e'6 's^ep (9g) Jo pouad alllou prps aql urqlrM uo[epuauiurof,a] aq1 uo luauaa.tEe qlea.l sarupd aql J!

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anulluol ;;eqs quauaa:by su,1l pup asdel lleqs uolleururat Jo alrlou aqi 'WJ.p-Spi^61d 'eltlou ualJum aq1 1o Iep (*oE) qtaut$ aql uo a^rpaJJa aq ol uolleulural qlns 'uolsllaP leug s,preog eql Jo s^ep (rt) uaaynoJ ulr.lllrvl l1IVdtlIS ol uoueururat Jo atqou ualJum ^illql lua waaJDV IUAWaDDUoW pa11w17 tuodwoJ suo!1Drlunww@apJ auoaT Drrals z pue I alnpaqrs qtrM a)uih o)re dl'ptelitrlel aq lleqs aaj a^rlualul aql e'z'll real pel}uol .\ auo {ue loJ aa3 paxrJ lenuue aql ;o\1uar.
rad .rnoj) o/o, paalxa tou ller.ls pue z pue I alnpaqrs qJrM af,ueprolf,e L{ pTleln)leo/ aq llpr.ls uoqrnpau aqf z'z'tt alueuJJoJad 1a6re1 ;o luauanalqle .loJ $aJ anquelul ol papllua (q) t.. 2r.

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lle1;ror.ls JoJ uoqtrnpor aal paxu e ol alqell (e) pue lslnrro s;ana'1 :aq lleqs ra6euep a{l 'e^oqeulareq (IDG)Z asnep ol pafqns I'Z'I I aal a^rtuaf,ul :aal paxH otnoFnpeE z'lT 'uo[eluaurn]op luelalar qqlta payoddns Alnp lunorre uoqetltf,uof,a.t llnJ p 13-LWUIIS ol rapuar J;eqs :a6euep aq1 'sa:rnbar os -llIydU3IS JI 'I alnpaq)s u!
saulua Jo slsPq eql uo paleJnllel pue pasrualr 'speaqla o 6ugpuodsaror sngd 'yoddns arggo a1er1g;t .ro aluJo peaq pue JJES luaurabeue6 aq1 iq pauroyad arrua5 1o Qoaraql 1.led ro) squour lpnpe Jo slseq aql uo paler-o.rd aq lleqs aal paxlJ aql 'la6eue6 aq1 i(q arroaur ue Jo uorssruqns Jo alep aql 1o s^ep (Ol) uaf urqlrM sreare u; (sqluour repualel 21) {rpuoru pa6reqr lea{ plg aqt roJ aal paxll aql 1o (1uar rad AaurN) o7o96 6u1uleuar aq1 1o 1uau,,(ed a)eu ller{s 111ygUIIS 'luauaar6e sql go arn1eu6ls uodn aaJ paxll lenuup aq1 1o (luarad ua1) o7og1 1o luau ed alpur lleqs l:lly6U3IS 'I alnpaqJs ur lno las €J paxrJ aq1 .ra6euep aq1 o1 Aed lleqs l:[\fdU3IS tuauaa:6y slq] rapun suo;1e611qo s1r 1o :a6eue6 aq1 i(q arueuroyad lado.td aql Jo uo4etaplsuol uI E'T'I I €.I'I I z't'tr I'I'I I aal paxrJ I'1I ae1 s,ra6eue5l lI .
:a6eue4 aqt,(q paplnord pue pau.uoyad salllllpe pup saJtruas eql uo al!ruas papuauJv qlns iue 1o firlquedtuor Jo paJa aq0 JoJ ro IUed p.lltfl e Aq lno peulsl ar!ruas papuauv iue lo1 a;qtsuodsal aq lou lleqs raEeueyl aq1 (q) puP iar!ruas papuaulv arp 6u1p6o.rd ro/pue JoJ 6unonb fi:ed p:1q1 Aue;o sasodrnd aq1 ro; fuessa:au aq Aeu se uolssassod pue lo{uol sll u!ql!/v\ ssaulsng aql ol 6u[elel uoEeuuolul 1|e panbal uo (slopeluor-qns pue qua6e 'saaAo;dua q!
o1 pue) l1.red p1q1 qons Aue o1 aar6 11eqs la6eueyl ag1 (e) lu waalov luawaDouDN payw17 tuodwo) suo!|DlunwwoxapJ auoal Drrats t- 9a paUrleds aq ol ]unol)p Iueq ueauoa'l eJJatS aql le la6eueh eL{l lo lunollp ueauoal erJals aql ol laJsuell peltp Iq pted aq lleqs sauoal ut palpultxouap slso) alqesrnquJral 'alqelrlddp ajaqM 'pue speaqta^o aqj ^lua6urluol 'aurl o1 aull uJo4 &Dads llPr..ls ra6eue!
{ aql sp lupq raqlo qtns le lunof,le laqlo qlns ol Jo I'S'II asnplf Japun paur3ads lunollp lueg al{l le raEeuehl aql Jo luno))e seasla^o aql ol .raJsuerl lueq ol lueq Aq pred aq lleqs srelloc setpls pallun u!
paleutuouap slsol iluaourluo) alqesJnquJrar 'alqelrldde araqM 'pue speaqJa^o aqL 'eu-rl ol auJrl L!o{ IJDads llPqs ra6Pueu{ a[]1 se )iueq raqlo qlns le tuno)rp iaqto q)ns otjo ,,I0rz 0200 19,6 t96s 6000 rz0 200 19' 6ts686.. 9500 2281.. NVSr'Xgg]gonv apof, u!,r s qN lunorrv 'uoueqa'l 8O8Z ZOII lnrlag 'qlos pelu O9SZ-II xog Od laanls etuerey plqceu 'OOOZ unpra1'qruerg unpra1 -lVS lpny lueg lB iaOPueW eql Jo lunollp seasra^o aql ol raJsuerl lupq ol )upq Aq sre11o6 salels palrun ur pred aq lleqs rapunaraq ra6eueN aq1 o1 alqeled saal aq1 ",ro I'S'I I z'9'tt I'S'I I SEEEIEa s'II 'luauraar6y sr.ll Jo uorlpuruual uodn Joareql luauled 6uqelndr$ saf,ueJsuJnf,Jrf, lle ul aal uoqeuru.ral aqrl ied lleqs ]3IWU3IS 'aleld salpl uoneurural aql LllLlM ur :eal aq1 JoJ sppaqralo snurur '(s6ur6uo1aq leuouad Jraql qlrm raq1a6o1) ;;e15 luaua6eue4 aql Jo slsor uopeuleda: alqpuosear snld aa3 paxH lenuue aql lo (luarlad ua1) o7o61 ol lenba utns e aq lleqs aal uoQeututal aql aal uolleurural }.II 'uo!leluaurnlop 6ugroddns qIM ollo u!
pasrual!

ue Jo uolssluqns uodn lfawufl5 Iq pled aq lleqs pue 6uurnrur aroJaq 'llaVdUlIS r{lrm paar6e llaleredas oq lleqs luauaar6v strtt ul paleldr.ualuoc lou sanlnllle a)euapun ol ra6eueN aq1 Iq pa.r.rnrul speaqJalo sltorEtrabuEEolloEua{rasrnqul4J e'II 'aal pexl3 1o luaur{ed enp txau aqt ruo4 1;lfVuU3JS lq papnpap eq lleqs uns aq] 'alueleq 11qap e 6ulpodat luauAe6 lunolf,V alueulrolad aql Jo aser uI 'ra6eue4 aql uro{ alto^u!
ue 1o ldlaral 1o slep (gg) ,Ql$ ulqllr* EIVUUIIS i(q pred aq lleqs 'atuelPq ltparl e Jo aser ut 'luaul{ed JUnollV alueuxolad aql '(,,guaule4 luncrov *ruEturoyod,, aql) lllVdUiIS uro4 ra6eue4 aq1 Aq alqenlara.r.ro alqeAed ale6al66B us le o^ule oJ aal al[ua]ul .roJ qrpall lplol an pu1e6e go las eq llPqs uonf,npau loJ sllqap lelol aql 'popad qrpa Jo pua aql 1V 'uodat $el aql aluls saEueqr aq1 lno las lleqs yoda.r quanbasqns qlea puP slseq bulnuquo: e uo palepdn aq 1leqs yodaX alueuro#ad aq1 'pouad luPlalal aql ul salnsPal^l af,ueuxoJad lle roJ aal a^[uaf,ul pue uolDnpau aq] roJ qlpall pue sqlqap aql lno 6ulllas pauraf,uof, pouad aq1 :oJ uodau aoue.rlroflad e El\ldU3IS ol Ja llap pue a.reda:d l1eqs:a6eue6 aq1 'sa.rnseap afueuJ:olad luelalal aq1 6upnseaut rol I alnpaqls u!
patelndlr pouad artpadsar aq1 1o Aep lsel aqlJosAep (Sr) uaauu ulqllM apeur aq lleqs aal a^[ua]ul pue uolpnpau Jo uollPlnllel aql b,Z.TI uaalov )uaua0Du0w pailLul1 tuDdtuoj suotlDqunww@alal a uoa1 Duats 97_ :leq] SJUeJIPM pue sluasaJdor 'slueua^ol l:llwulIs TIMIEIE-IE z'zr 'sassaulsnq sJr ro slassp sl!

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ol 6urlelat ro alqe:r1dde uorprpsr.rn( lualaduor Jo Joleritqte :o lquoqlne ;eluauurano6 ,Ino: ,{ue Jo alnl to uotleln6a: Jo aaltap 'tapro '1uau:6pn[ 'alnlels Aue Jo uorlplo!^ e alnlqsuol Jou lllM 'arnlnJ aql ur sluasuo] leuotlrppe lue^alar aql Jo alueualutPul pue 6uque:6 aq1 o1 pa[qns 'pue 1ou saop 'sluasuo] allslnbat aql Jo alueualuteur pue 6uquel6 aql ol lra[qns 'luatlaat6v slql Jepun suorlebrlqo qt ;o acuetu.toyad pue !o fuaarlap pue uoqnlaxa aq1 'a6palmoul s} ,o lsaq aql ol pue :lr Jo uone6l1qo 6urpulq pue p11en '1e6a1 aql salnlrlsuof, pup I,(q pa.ranllap pue paln)axa 'pazuoqlne ilnp uaaq seq luaruaaj6y stql (q) (r) lluauaar6y srqJ rapun suoqe6llqo qr uoyad ol puP ra^tlap ol 'aln:exa o1 pue salyado.td s1t urvro o1 'ssaursnq ql pnpuof, o1 fittoqlne pue lattod a]tstnbal lle seq lt (e) :leql Jatllo aql ol sJUpreM pue sluasaldar I1e6 qrel se rluelr eM p u e suorleluosar qau alEloilr of I' zl slueualoJ pue sallue't.tel^ 'suollgluasardeu Zl 'luauaar6V srql ol aurl ol aulo r,1,o.U alqertldde aq i(eu se uollexPl alqnop Jo arueplo^e roj sa[ea]] Aue;tene ol ',uollellulll lnoqltira ',outpnput luauaar6y slql iapun saqlllqell xel lPlol sll ul suolllnpal ro saleqel ,suolssaluol 'suotldiuaxa luelalal Aue ;terre ol :a6eue4 aql alqeua lllM se ,sluauled Jo lunoule arfl 6ulseatlu!
'JaAaMoq 'lnoqllM 'la6eue4 aq1 1o qsanbar InJMel pue alqeuosear qlns ol apalle o1 saa:6e df,N pue 'lffVUUlIS ,uors;aord 6uro6aro3 aql 6ulpuepq1la4ol auoal eJials Jo sa!

]!lot0ne xel tue^alar aql qllirl ltsodap q!
pue xpl Jo uolpnpap Jo af,uapl^a qslurry lleqs IIIWUIIS ,IEqIpEF.r^-rd 'suogpnpap xpt Jo lau apsur aq 11eqs quauAed Ll5ni 'tuauraarov slql lapun la6eue4 aql ol apeu.l sluauAed aq1 tuo4 xe1 ,(ue otouultM ot sne"l alqerlldde aq1 :apun paltnbal sl ]=llwulls luaya ]Pq1 01 :rlai-,r5aoy slql rapun ra6eue4 aql ol apeu, aq o1 quauAed aq1 o1 alqec1;dde saxel lle ;o 1uaul,{ed aq1 lo; alqrsuodsa.r l;aatsnlrxa aq lleLls la6eue4 aq1 uonExEf 9'II '3lqel!P^e satpaurat ||e 1o a:1pn[a.rd lnoqllM luaulled .ro1 elep anp aql puolaq lelap .to slep lo taqulnu aql lol palelold unuuP lad o/ob Jo alq.
"l aql le lsalalu!

ue;re ttL,.Is 'luauiaar6v aql Jo uolleulu:al aql UllM uoqf,auuof, ul lo uodn 6urpngrul '-l;IfVdUlIS Aq.ra6eue6 aql ol anp sutns Aue 1o quau{ed pale;aq uo.r1 Allrads 11eqs ra6eue4 aql se auoa-l prrars ut lueq raqto ,r;3$t:l:I,J nqlb q:ns ol ro aleo anlpaJJl aql uro{ qluor'!

auo ulq1tt la6eue4 Aq ',S'II lud uaalDV luaut oouDN paltwlj [uodwoJ suollnlunwwnapl auoal o a$ lou llPqs sluellnsuol pue sro lPrluol-qns isaauruou slr lo lflwufls Aq sa;qeraarla6 eql Jo asn:ado:d aql leqt pue,!..
:ado.rd lenpallalul 6utptxa s1r ol slq6ll ro/pue ur slsaralur Jo luel6 aql alnlold ro 1uer6 pup asn ol laMod pue 1q6r.r papulsatun pue llnl seq lt pue lluaulaaJ6v queua^o] pue saquerreM 'suoqeluasatda] s[.ll ul lno Jas luoads aql ueLll raqlo uoneluaserdar ro lf,pJ 'uorpe Aue uo pallai tou seq ll luauraaJ6v srr.
{l olur 6ur:a1ua ur slseq }eql uo pue 1r Iq aleudo.rddp pauaap se arua6r[p anp uno qr papnpuor seLl lr ^lsserdxa pue lguauaar6y srql rapun ra6eue6 aql lo suolle6rlqo aql Jo alueurrogad aql .ro; alenbape sr ge15 luaua6puehl aq1 'E'I'9 esnell Jo suorsrlord aq1 ol pa[qns lsarrpu4 I1rJr16 1uapru4 pue sarp:erd 6ur.raaur6ua punos qllm af,ueplorle ut (1t) pue 'Jeuueur alrl-ssaursnq pup rado.td e u1 pue lpualoga 'llDls pue aJer alqeuosear qlm (ll)'(smet ,!a1es pue q1leaq 'leluauuorrnua 6urpnl:ur) auoal e,trar5 Jo sMel aql q1M a)uerldruor ur 'a;qer11dde se reJ os (r) salrruas aq1 u.rogad 11rr* 1r (a (p (l (q lssaursn€ aql pue auoal PJJaTS ur suor.lpuol rllrM luesJa uo) Allry aq lleqs pue luaulaar6y slLn rapun sannp antlradsal r1aq1 uuoyad ol alualadxa pue sllr)s fuBssarau ;o passassod pue paglgenb ,(1np aq llpqs JJeIS luaua6euep aq1 - (e :lpLll slueJrem pue quasarda: 'slupuanol :a6eue6 aq1 rabeuehl aql Ag t'zl 'uoneuioJul qlns 01 uoqelal ur .ro ur ',Qlyenuapuuo) ulpluleu ol I:ILWU:IIS ;o suotle6tJqo aq1 .ro 'rg.red pr!10 lue 1o fi:ador4 lenpallalul aql a6uu;ut 1ou ;;eqs .ra6eue6 aqt lq uogeuroJul q)ns Jo asn aql leql pue :a6eue61 ag1 {q sarrrua5 aql Jo alueuJro}ad ;o sasodrnd eql rol aleq a^lpaJJl aql JaUe aurll ol auq uro{ lfjy5ufl5 Aq paplaotd uo[eur.loJul aq1 1o ,(re.rnlp aLg uo r(;at o1 pallqua eq lleqs la6eue4 aql pup '.JJelS luaua6eue4 papuolas aql se Auoqlne pue uoqlsod ;enba ;o 1.11ygu]15 Jo saa^oldua lo gels re;n6al aq1 Iq panssl araM suolpru1sur aU J!
se Jauueul aules aql u!

l=ll-WUIIS Jo salru allruas luenalal aq1 u1 paptnord se alll.las uo4 aE.teqrstp ro raJsue{ 6urpn;rur uollf,e Aeulldllslp alelllul llPqs ll ' a)ualpaqoslp ,tue 1o aser ur pup JJeIS luaua6eue6 aq1 Jo suoprrulsut aql alnlaxa pup rapun )roM ol saa{o1dua pue JJe1s lue^eler sl!

parlp ll!^ l!
lsluasuo] lllns t{]rM uoof,auuol ut saal paqprsard ;1e Aed ;leqs I leql pue ssautsn€ aql qllM uolllauuol ur ro; parldde Jo paulelqo sluesuoJ-lle lapun suoqladsut pa.ttnba.t lle Molle pue sa)llou pallnbar 11e aa16 ;Jm 1t ' 6uto6a:o1 aql qllm uorpauuot ul pue quasuo3 llP Maual pue uleluleul 'a:nlold ;1tlr 1t (r (q (o l ud lltddJ u luawaoDuDn pa31w17 ,(UOdWOS suorlD)runuw0XapJ auoaT o als o7 a^arqle ol arnlreJ roJ ueql Jaqlo) suollelussajda.l pue satlueJleM 'slueua^ol 'suot1e6r;qo slr Jo q)earq e loJ laSeuer{ aqt Jo Alltqerl utnuJtxeul aql EieI 'sla^al aluPriJrolad palnbai aql urelureur pue a^alqte ol ra6euer{ aql Jo aJnlte] aqt ol alqe}nquue ro Jo tunolfe uo lllvuulls i(q payasse ro paurep aq IeLu leql ssol lue roJ alqell aq tou lleqs ra6eueh aql pue -lLIVUulIs lo alos aql aq lleqs t'z'II asnetf Jo sural ur rabeueri aql lq sarlleuad 1o luauled aql /SI asnelf :apun luaulaaioy aq1 alpulural ol lLIVdUlIS Jo 1q6u aq1 o1 a:rpnfald lnoqlrM 'sla^e'l af,upurroJuad pa.lrnbaj aql urelureu pue a^arqf,p o1 jabeue61 aql Jo aJn[eJ 1o padsar u1 ^pauar ^l11gqer1 ^lalos 'alua6rl6au ro pnpuorsru, 1n111tt* s;a6eue6 aq1 o1 ssa;un saryed piql spreMol {ue ro1 ra6eue6 anp Anlaip pue aql ssaluireq ploq lleqs dfN pup lllVdUJIS 'luana ,{ue uI 'tuauaar6v s!r..ll lq palaldualuol lou Arlrpe lue o1 .ro luauaal6y srql ol palelarun sla$eur ol pJP6aJ qlrM raqlo aq1 pure6e ,Qe6 auo 1o s1q6u ,{ue 1o ranlem e alnlqsuol ol papualur lou sl uorsr^oJd srql 1eq1 'la^-5m6q FEp'n6-iA laaluerang aql ro tueuaar6y s1q1 1o qlearq roJ ro ol luensrnd lda)xa IUed Jaqlo raq ap 'sa6euep /Uelduexa ro 'a^rlund eql ot &fltqel Aue aneq llpqs 'leluapr)ur lequanbasuor 'llarpur ,(ue ro1 ldaruor le6al Jaqlo ,{ue :o 'I1r1qer1 plr1s 'Ique.ue,ra 'Iol 'l:uluor u!
IUed raqlo aql ol alqell aq lleqs lye6 Jaqlaupne{ Jo saser roJ uetfl raqlo pup paursluol Jaueulaiaq suolsllold aql ol ltra[qns 'luauaar6y s[.ll Japun suoqeluasa:dar lpualeuj pue sa!
]ue.ueM a{l lq qrparq e Jo Jlnsar 'qupua^ol 'suor1e61;qo qr Jo pauoltuau-lsru e se l]led raqto teql Aq pa.ragns sso-l ro] raqlo aqt ol alqel aq lleqs V ^iled ^}]ed ^Ued Z'I'II I'I'EI Enjq-El1-u6-u6l]EitrIi r'€r uollsf,Uluuepulli$1grqe1] €I 'luauaar6y srql rapun suo!le6!lqo qr Jo arueuuolad aq1 page Alasraape pue llleualeu lq6lur leql lo Euqf,aJJe r{|as:anpe pue AlleualeuJ sropeg ,{ue lo llelap lualf,UJns u!

raqlo aql ,(inou lgeqs l!

'areMe saurof,aq l!


se uoos se (q) ^Ued pue lsplolal pue qooq lue^alal qtrns Jo qJed lue^alal 1o sardor Jo 6uuel pue uooeuluexa lrxrad lllM I1e6 .raqlo aq1 1o panbar uodn pue palldde l;1ua1s1suor auoal eJJalS ul saldlluud Eutlunorte paldarle A1;elaua6 qllM aluPplolle u!

&lle^ pue alelnller o1 liued laqlo aq1 lttulad ol llplap luaougns u1 luauaar6y sr.g Jo alueulrolad pue uo[n]axa aql ol uollPlar u!
suorpesuer] ro s6ulleap llP Jo apPu aq lllM salllua palJol lle qlrqm ur ]unof,le pue prolal Jo qooq .ladold daal lllm 1 (e) :lerll tarllo aql o1 sluerem pue quasa.rdal 'slueualof, lled qreS sa!ilE(iliE-rg b'zt 'r{].ted p.rrq1 Aue Jo qq6ry lilado.rd lenpallalul agl 1o 1uaura6ul{ur amll1suol lua waa)DV luawaoDuDw pa11w11,fundwo) suotlDzlunwwoJapl auoal Drrats Sierra Leone Telecommunications Company Limited constitute infringement of the Intellectual Property Rights of any third party.
12.4 Bv all Pafties Each Party covenants, represents and warrants to the other that: (a) it will keep proper books of record and account in which all correct entries will be made of all dealings or transactions in relation to the execution and performance of this Agreement in sufficient detail to permit the other Party to calculate and verify in accordance with generally accepted accounting principles in Sierra Leone consistently applied and upon request of the other Party will permit examination and taking of copies of relevant parts of such relevant books and records; and (b) as soon as it becomes aware, it shall notlfo the other Party in sufficient detail of any factors materially and adversely affecting or that might materially and adversely affect the performance of its obligations under this Agreement.
13 Liability;tndemnification 13.1 Limltation on Liabilitv 13.1.1 73.1.2 A Party shall be liable to the other for Loss suffered by that other Party as a result of a breach by the Party first-mentioned of its obligations, covenants, warranties and material representntions under this Agreement.
Subject to the provisions hereinafter contained and other than for cases of fraudneither Party shall be liable to the other Party in contract, tort, warranty, strlct liability, or any other legal concept for any indirect, consequential, incidental, punitive, or exemplary damages.

Neither Party shall have any liability to the other Party except pursuant to or for breach of this Agreement or the Guarantee; orovided.
however, that this provision is not intended to constitute a waiver of any rights of one Party against the other with regard to matters unrelated to this Agreement or to any activity not contemplated by this Agreement.

In any event, SIERRATEL and NCP shall hold harmless the Manager for any liability towards third parties unless solely and directly due to the Managert willful misconduct or negligence.
In respect of failure of the Manager to achieve and maintain the required Performance Levels, without prejudice to the right of SIERRATEL to terminate the Agreement under Ciause 15, the payment of penalties by the Manager in terms of Clause 11.2.4 shall be the sole remedy of SIERRATEL and the Manager shall not be liable for any Loss that may be claimed or asserted by SIERRCTEL on account of or attributable to the failure of the Manager to achieve and maintain the required Performance Levels.
13.1.3 The maximum liability of the Manager for a breach of its obligations, covenants, warranties and representations (other than for failure to achieve to Sierra Leone Teleco mmunications Company Limited Monooement AoreemPnt and maintain the required P.hr.un.. Levels) under this Agreement shall be limited to Thirty percent [30olo] of the Fixed Fee for the Contract Year in which the relevant Loss has occurred.. - 13.2 Indemnification 13.2.1 13.2.2 L3.2.3 L3.2.4 t3.2.5 t5.z.h SIERRATEL shall defend and indemnifo at all times after the date hereof the Manager, the Management Staff, its directors, officers and employees against, and hold the Manager and its Management Staff, directors, officers and employees harmless from any and all Losses incurred, suffered, sustained or required to be paid direcUy or indirectly by or sought to be imposed upon the Manager, the Management Staff and its directors, officers and employees for personal injury or death to persons or damage to property arising out of the negligent or intentional act or omission of SIERRATEI-, its directors.
officers, employees, consultants, sub-contractors and vendors in connection with this Agreement.
The Manager shall defend and indemnifo at all times after the date hereof SIERRATEL, its directors, officers, employees, consultants, sub-contractors and vendors against and hold SIERRATEL, its directors, officers, employees, consultants, sub-contractors and vendors, harmless from any and all Losses incuned, suffered, sustained or required to be paid directly or indirectly by or sought to be imposed upon, SIERRATEL, its directors.
officers, employees, consultants, sub-contractors and vendors for personal injury or death to persons or damage to property arising out of the negligent or intentional act or omission of the Manager, the Management Staff, its directors, officers and employees in connection with this Agreement, To t6e extent permitted by law the maximum liabilty of SIERRATEL or the Manager for all Losses incurred, suffered, sustained or required to be paid directly or indlrectly by either Party or its directors, officers, employees, consultants, sub-contractors and vendors for personal injury or death to persons or damage to property arising out of the negligent or intentional act or omission of either Party, its directors, officers and employees in connection with this Agreement shall not exceed the sum of US$1,000,000.00 (One Million United States Dollars) in any contract year.
In the event that any Loss results from the joint or concurrent negligent or intentional acts or omissions of the Pafties, each Party shall be liable under this indemnification in proportion to its relative degree of fault SIERRATEL and the Manager shall take obtain and maintain during the Term insurances from reputable insurers covering their respective indemnity obligations under Clause 13.2.3.
The Manager shall hold NCP and SIERRATEL indemnified and harmless by reason of the Contractors' infringement on any third pafi intellectual propefty rights.
)o ce aq1 aneq lleqs Alred pauruuapur aql '^.lrad 6url;ruuapur aqt Aq asualap alll ;o uoqdurnsse eql pue uorleruruLl.tepur aql Jo luaula6palr*ou1:e aq1 6urr*o11o3 -s't'E r ^Jruuapur 'asruloJdurol ro luaulalllas qrns;o q:adsar ur asluro.idLr.roc ro lueuralpas qrns 6ur1eu I1e6 ol uorlp6rlqo,{ue Luo.q pasnlxa aq lleqs IIed raqlo aql 'l]Jpd aql raqlo aql Iq pagruuapu; raqlo aql Jo Juasuor ualluM ror.rd aql lnoq}M aq o] pallqua aq asr/v\Jaqlo plnoM l qlrqM Jo lladser ur ourpaarold ro 1!ns 'uorlle 'urell ,{ue saslurorduor ro salllas AIed e ll plaqqllM r(;qeuosearun sr luasuol qrns aiaqM 1da:x3 'r!
:e6 pauruu/apur aq1 1o lenordde aql lnoqlrm ul1elf, lue asruroldruor ro anlas leu ,!
:e4 6urAyuu:apur aql liled pa$uuapur aq1 Alruuapur ol 6uquM ur 6uraar6p JaUe leql 'lanarvroq paprloJd Aye6 laqlo aql Jo luasuol ualluaa :oud aql lnoq1lrvl 6urpaaro.rd :o '11ns asluJojdruol ro alllas ol paluua aq lleqs Al.led JaqllaN 'uorpe 'urelr qf,ns ^ye6 ^ue 'asuaJap aql Jo uollduJnsse pue uoqeruluuapur aql Jo luaura6palMoDlre q/ye6 6u1,!1ur-uapur aql ol Joud 6ulpaarord ro uonle 'lrns 'urelf, aqt Jo asualap aq1 ur [ye6 pagruuapur aql Jo sasuadxe pue qsol alqeuosear aq1 rol {re6 pauruurapul aql asrnqu,lal 1leqs I1e6 6u1l!ruuapur aql '6ulpeelold ro uoqle 'llns 'urlplf, e Jo asua]sp aql Jo loJluol aql Jo IuPd 6ur,lruuapur aq1 Aq uorldunsse uodn 'rapunaraq Aye6 6urllruuapur aql Jo suoneErlqo uorleluruurapur aql ol palqns aq lleqs loaJatn sasuadxa pue slso3 alqeuoseal aql pue Jopuna.laLl pauruulaput aq ol paREUa s!
1 qrqm roJ rallPur Aue 3o 1no 6u;sye :o ol palelar qrns lsute6e palasse to pa6a11e fited 'tuo.r1 6uq;nsar to padsal ul pJrr{l Aue {q 6ulpaaro:d Jo llns ''uootre 'ulte;r lue uoEtrelas urv\o sll Jo lasunol q1r* 'a1e6r1r1 pue puaJap 'Faluo) ol uolle6llqo aql lou lnq lq6!l aql a^eq pauruurapur orfl 'I't'el asnPlf qllM atrueplof,f,e ut 6ulpaarold jo lleqs uonf,p 'lrns 'uJrel) e Jo asua]ap aql Jo lolluol saunsse pue lye6 pautuuapu!

aq1 l;ruuapur ol uooeEllqo q!


6ultum ut sa6pa;rvtoulre lye6 Eutlltuuapul aql lnun pup sselun '1'9'91 asnel3 1o suotstaold aql 6ulpuelsqrllMloN ^]led ^Ied v'b'el E'}'EI z'n'Et 'asuaJep qlns jo IIed 6utl;tuuaput aql Iq uorldunssP aqq ol Jolld I1e3 pag;uu.rapul aq1 Aq parlnlul sasuadxa pue qsol elqeuoseai eq1 rol lye6 pauluuJapu!

aql sosrnqural pue I1.tPd pauluuapul aql ol os op ol uo[ua]u!

s]!
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Jo e)llou ldutold saat6 1l FSB.rAi-Id ,$ed pauluuapul aql Iq lasunol qrns 1o lerro:dde :olld aq1 ol pafqns rapunaraq ,(ued rarllo aL{l lJruulapul ol pale6rlqo st lt q)tqm ro1 raueul ,(ue;o 1no 6ursue.lo o1 6u11e1a.r 'uoj; 6u;11nsa: 'lo padsa: u!

Eulpaarold Jo llns 'uolpe lo asuaJap eql loJtuo) pue auJnssP ol uolpalss sl!

Jo lasunol 'uirelr L.lllM puP esuadxa pue uolldo $!

le patlque aq lleqs,{ye4 6ut,ltuuapu!


aql ^ue Ib'tt SiqEEiloEsuElao- t'tl 'Eurpaarold ro ssol aql Jo aieme sauio)aq ,tJed luenalal aql JaUe alqerllerd llqpuoseeJ se uoos sp uant6 aq lleqs a)llou qrns 'z'EI asnelf rapun uoBeluuulapul o1 paEOUa aq Aeu lo sl l!

qllqM Jo padsal qref u1 6ugpaa:ord .ro ssol lue Jo ,qrPd lsqp aql !r1ou llldutord lleqs ^uPd s6rr-psaidiald6i!
]oN E'EI lua waa)pv luaaaDDuDw palwn tuodwo3 suotlwlunwwualal auoaT DJJa$ t€ 'uuaf Ierlrur eql Jo furdxa aqt uo alputura] lleqs lualuaal6v aql pue t hI asnell rapun pp ol paalo.rd llpqs ra6eue6 aql 'uJal aql lo qluoLu (,,b2) qunoy-,quam1 aq1 1o ,{ep lsel aql ero;aq UION ue a^raf,al lou saop la6eue6 aqt JI 'ru.lal aql lo qluotx (u,tz) qlnol-,luaMl aql ur Aep ssaursnq lue uo palerrunurruor aq ,(eur UION aql '(,,UIOU,, ro ,,r auou ol uollualul 1o ac11o1g,,) I'tI asnelf rapun ural leryur aql yo furdxe uo luauaat6y aql Maual ol uo[ualur qr la6eue6 aq] ol alpltunuuof, uorlallstp sl!
le {eru IIJ_VUUIIS I'e ',I '6uru6rs 1o alPp aql uo{ 'stlral iraql qlrm aruppJof,le ur alqpalJoJua pue 'olelaq saqJpd aql uodn 6urpurq 'paga pue er:oJ llnJ ur aq lleqs '(saal) I alnpaqls pue '(Arlerluapuuof) LT asnelf '(sa1ndsr6 lmel 6ururanog) 6I asnsp '(sar11uulapu1) gI asnelf '(saOueleryl pue suotleluasarday) 71 asne13 '( aalue.reng) ZI'02 asnelf Jo suorsr^o.ld aql qllm 6uole ,uopa5 slrll Jo suols!^o.ld aq.
]; iE^ 5UEE E',I 'Eulutritlo eleo uo burpur8 suua_t z'rI '6ur1r:r* ur paltp/v\ Jo pausqes uaaq aleq Zt'OZ pue Z'lI asnpp lEUn luauaa:Ev srqt Iq punoq l11e6a1 auoraq ro pale6llgo aq llpqs ,{Uea oN '(srnroo pouad uoursue.t1 aql qlqM ut sllluoul om1 aq1 6u1pn1rxa) sgluotu (99) xls lulql .roJ pa;Ja pue arroJ llry ur anurluol llpr.1s'Joaraq suual aql q}rvl alueplolf,P ur uoqeurur.ral latupa o pafqns pue p511g1n1 are Z'I'II asnpll rapun pale;ndus luau^ed aql pue ZI'02 asnell ur uonlpuol aql leql papr^ord ',,a1e6 a^llraJf,r aql uo{ a^EtaJJa aq 11eqs luatuea:6y s1q1 ural lerlrul l'vl uial 9T 'rapunaJeq sasuadxa laqlo ro ;e6a; alnlqsuor lleLls lasunol qlns Jo quauasrnqsrp pue saal alqeuosear aq1 pue ,Qe6 peuruu,,apur aql Jo Jleqaq uo 6urpaaro.rd lo 1!ns 'uo1pe 'tute;r qlns lo asuaJap aql parp oq 1q6u aq1 a^eq lleqs lye6 pagruulapur at;1 ro; lasunol ua{l 'alqer11dde aq lleqs a^oqe (r1) .ro (111) '(rr) sasnep 11 'luauraar6y srql 3o adors aq1 puoAaq 1 uodn paga aealpe lpualpLrl p aneq plnol ro sallolur 6urpaaro:d ro Jrns 'uorpe 'urpl) qf,ns lerll to AIed 6ur,(11uuapu1 aql ol alqPle^p asoql ol leuoHppe ro ulo4 tuara]Jlp arp leql lr ot alqelle^e sesuaJap rgroads aq leu alaqq leql raqlra ,!.re6 6urfruu:apu!
aq] paurlou {lecgoads pue papnlf,uol llqeuosear a^eq llplls lye6 paglutuapul aq1 (nl).ro luea pagruurapur aq1 Iq pagnou os uaaq e^eq llpr{s pue uoqle qlns Jo asuaJap aql aurnsse ol tued peuruuapur aql ol fuopeJs!1es ,(lqeuosea.t ;asuno: luapuadapul pa,{oJdura a^pq peJ ul lou lleqs Ape4 6u1,lSuuapur aq1 (1r) uoqpe qrns Jo asuaJap aql Jo pnpuol aLll ul lyed pauruuaput aql pue Aye6 Eul^luurapur aql uaaMlaq lsalalu!
,o ]lluuol e aq Aeu aiaql leql papnpuo) A;qeuosear alpq lleqs lye6 pagruuapul a$ (!D I1e4 6ut{tuuaput eq1 Iq Eugurvr ur pazuoqlne uaaq seq r!

:e6 pagruurapur qrns ,{q ;asunor 1o 1uau,(o1dua aq1 (r) ssagun parrnsur se pue uaqM 'IIpd pauuuapu!

t{lns 1o asuadxa eqq te aq lleqs Jasunol qlns Jo sasuadxa pue saal aql lnq 'uoqrP qlns u!
aledlllued IeuJ lasunol qlns pue lesunof uMo ql Aoldula ol ltl6u luawaalDV luawaDDuDN paltwll [yDdwo7 suo!1DrlunwworapJ auoaT Drra lS Zt 'luau..raar6v srql Jo Z pue (b)7 sasnelS..rapun 'uolleltLull lnoqltM lnq '-re1n:rped ur 'luatlaat6y stql;o sanrpafqo pue su]te eql a^atqle ol lll-\adulls loJ lapro u!
l3lWUlIS Iq papanbar aq ,{eu: su (1oalaq1 yed 6ursr-rdr.uot slenueu pup sluauJnlop raqlO ,{ue pue) ue16 uorsla^au luauua6eue6 aql ol sluaue^oldult pue suoqelurpou 'suorsraa,l qlls alerodJof,ut lleqs JaoeupN aql ^lqeuoseat t'b'bI 'luauraarov srql iapun Ja6eupN aql Jo sallnp lpraue6 aql ol ouqelal ILLVUU3IS lq palsanbal aq leu se s:a11eu leqto qlns (p) ^lqpuosear pue 1:a6eue6 aq1 Iq uorleluatua;dur JoJ papuaululoral Jo paluauJaldur pue palnpo.llut lo padolalap sarlperd leuoqerado pue lplluqlal '1uaua6euetu uo slpnupu.t paltplap (c) 1al!l aql pue 'salole:d leuogaado 'selpeld Eugodal 'sluau:ssasse spaau 6urure4 laqUnJ'uogeltuJll lnoqltrv\'6urpn1ru1 'urag ;erlgur aq1 1o furdxa Jo alep aql laup pup rrro4 l:U_\rdUlIS o1 Altltqeder 1euo11e.rado pue ;euaoeueu.r 'lel!uqral Jo JaJsueI a^RlaJJa aql a.lnsua ol ualq aq ot raqlry pue ualel Apear;e sdals (q) iJleqaq sl$ u!
'I:IJ_VUUIIS Iq paleu6rsap ]Jels pue saalo;dr.ua arrrpedsal aql ol JaAo papueq ale .ra6eue6 aqt Jo lo4uol ;euoqaado pue ,!1;lqrsuodsal luauta6eueuu aql rapun -lLIWUlIS uooelrunuJuJof,alal /slassp aql leql aJnsua ol ua>lel aq ol sda$ (e) Jo salpadord pue spJolal reqto pup 6ullunorce ,sa!l!l!teJ , :elle relu!

'ra o) lleqs ueld uors.ra^au luaula6eup!


{ eql z'b'bl '(,,ue16 uo;staleX lueua6euehl,,) ra6eue6 aqt Iq pastlraxa ouaq}q ljlVdUfIS Jo suollerado pue luauaoeueur aql JoJ saulqrsuodsai 6ur.ua;sue4 ioJ quaua6ueJJe pasodojd aq1 6urlre1ap ueld e preog aql ol lluqns 'plpsaroJe se alep lue^alal aq1 1o slep (Oe) I;ltr.lt ulr.

{1m 'llpqs ra6eue6 aql 'Ila^rpadsar 'Z'Z'pI pue I'Z'rI sasnep ur pap6otd se asel raqlla u!
'polied uollpllnsuo] leMauau eq1 1o Aep 1sel atll r{q leMaual Jo suollpuol pue surJal aql uo luauraal6e qlear ol llpJ salued aql Jr ro UION e panlala.l tou spLl ra6eue61 aq1 ;1 T'.t'b7 JUaEJEbPUPN Jo ra^opuPH t'bl 'ula1 leqru!
aq1lo furdxa aql uo aleutullal llptls luauael6y aql pue €'rI asnelf, rapun llp ol paalord 1;eqs ra6eue61 aql 'pouad uopellnsuo3 lpmauau aq1 1o Aep lsel aql uo leMauar Jo suorlrpuof, pue suJal aq1 uo luauaar6e paqrea.r lou a^pq saped aql JI 'sarued ar,11 1o luarlaat6e aql pauar ol papuaue aq lleqs luatuaar6v slql 'pouad uorlellnsuo3 leMaua!

aql urqlrM leMauar Jo suorlrpuol pue sural aql uo luaulaar6e qrea.t sanred eql lI '(,,po1re4 uollsllnsuof) lerraauag,,) rural lelllu!
aql Jo tlluotu (*zz) qtuanas Auaaat aqt 1o Aep 1se; aq1 uo 6upldxa pue qtuour (,,,s2) quu &ua,rnl aql Jo Aep prg aql uo 6uouauuro) 'sqluotu rppualpl angnrasuo: (E) aarql 1o por.rad urnurlxeui e rol are;d alel llpqs suolssnlslp qrng 'luauaar6y atp Jo leMaual JoJ suolllpuol pue suJal ai{l uo suolssnf,slp olul Jalue lleqs saged aq) 'f Z'bI asnel3 u!

paprnold se UION e sa latar ta6eue6 atg lI z'€'br luaWa DVluawaDouDw payw17 tuodwo7 suotiD)lunwworapl auoal Drrals 0e uorJeJuasaldal JJar.rofu!
qlns pue apeu, uaaq a^eq ol paulaap uaqM ro appur uaqM 'lf,adsa.r leualeuJ lue ut 'lfalJolur uaaq alpq ol 6utnold luaeuaar6y sL.ll ur JaOeueN aq1 lq rQueleru lo uorleluasa:dat Aue (a) lsAep (gg),{Utqf utqllm.Quoqlne lualadr.uo: Jo }nol e,{q palanar ro pa,(ep lou sr ]eql ra6eue6 aq1 dn oulpuraa iap.ro ue Jo .ra6eue6 aq1 :ano uorprpsunf qjlM Uno] e Iq 6ur1eu aq1 (nr) l1uau:lutodde qtns 1o s,,(ep (66) Ilauru urqlrrvr par(ep:o aprsp las uaeq lou seq luaulurodde qrrqm '6uueaq anp pup ra6eue6 aql ol alqou .rage ra6eue6 aq1 go dn 6urpulr'r aq1 :og 6urpaarord e ur .roleprnbrl lpuotstloJd e Jo luaLulurodde aq1 (nr) l1allal JelrLuls Jaqlo Jo 'unt.loleJouJ 'b1dru1ueq Jo uorlqad e 1o la6eue4 aql Iq 6ullg fue1un1orr aq1 (rr) la6eue6 aq1 1o dn 6u1pu1r* aq1 lo; .ra6eue6 aqt lo s:aploqarpLls aq1 Iq uorln;osar e Jo 6urssed aq1 (1) :quarra 6uuvro;1o1 aq1 3o ,(ue ;o alua::n:ro aq1 '(luauaat6v sltp Japun suottebtlqo qr u.uoyad ol 'aq Apur aspl aql se '{11ua papnlsuolal to paleue6lelle aql Jo lllllqe aql paJJe lou saop uoltln:Jsuolar ro uoqeueE;eure qlns leql FEFlnOld) uorpnrlsuolal ro uooeue6;eur..re Jo asodrnd aql loJ ldalxa (p) lluauaarEy aql Japun suolle6llqo slr ruJo;.tad ol alqeun ra6eue6 aql rapual o1 {1a111 sl ro sapual qrqm :a6eue4 aql Jo uolllpuol lenueuu aq1 ur a6ueqr as.ralpp pue lelJaleur e Jo alua:Jnllo aql i-lilWUlIS Jo luasuof, uauuM roud aq1 pup 'ol e)qou .roud poq11r* s,(ep anllnrasuoJ (0€) Aillr.ll Jol Jauueur 1ua6111p e ur saf,rruas aq1 urogad ol aJnlre1 lelluelsqns ro :a6eue6 aq1 Iq sarrrua5 aql Jo arueurrolad lo uoqessar aql (r) (q) I I alnpaqrs ur uaa16 ue;d luauloldap aql $l/v\ alueprofle ur ge15 luaura6eue4 aq1 fuo1pa1 ur aneq pue Aga,rpe Aogdap o1 :a6eue4 a{t Jo arnlleJ aql (e) :1Uarr3 arnafe4 acro3 e 6upnp ]o Jo llnsal e se srnrro M1 (rg) .ro luauaa:6y s1q11o 'l1MUlIS Aq qrearq e uorJ qlnsar t!
Jr (1) ra6eue4 aql lq llnEao Jo lua^l ue aq lleqs lua^a qf,ns ou le$ 'le^aMo-q TEpiiloTd lt'SI asnplf ol tuensrnd luauraar6v slql ateulu.rat ol l:|I\tdUlIS 1o yed aq1 uo 1q6u aql ot asu an16 1leqs 'arnr o1 (,(ue;t) papturad pouad aull aql ulr{llM parnl lou Jr 'q3rqm '(,11ne1a6 lo luall ra6eue6.. e qrea) .ra6eue6 at{l Iq llneJap Jo lua a up aq lleqs quana 6u1no11o; aql Jo qrp3 ulWAilS lq uoneulwreJ I'1'.Sl InEls(ildlmEEuiu]rEl rsl uolleulurjal sI 'ural lprllur aql Jo turdxa eql ueqt ra1e1 ou la6eue6 aq1 iq palalduor ,{;;eug pue lg1n3 aq lleqs '11MUII5 Aq aruelstsse pue uogetadoor anp 01 pafqns 'pue u:a1 le[rur aqJ 1o fu;dxa aql aJoJaq sqtuou.t (E) aarql ueq] ralpl ou af,uauluJor lleqs upld uors:anau luaua6eueN aq1 ;o uotleluau:a1du1 v 9 vL luawaalbv luawaDDuDN pa11w17 fuodwo) suortDrlunwwozapl auoa7 oJJalS aql lraJJe lou saop uolllnilriuola.t ro uolleL!eSlpure q)ns leql lo 'pap1lor-d) uorlrn:lsuof,ar ro uorJeup6leule Jo asodrnd aql roJ ldatxa ^llllqe (:) lluauaa:6y srql se suorlrpuol pup surral aLres aql uo luauaar6y srr.ll rapun ljl\ldu3ls ,to suoqeErlqo aql sauJnsse uorldnlalu!
lnoqlm 'aq ,(eur ase: aq1 se 'I11ua paleue6leue aqt ro pasllelrrd aql araqm IIIVXUIIS Jo uoqlnlsuorar ro uoqezrue6.loar 'uorleue6;eue ue (11) :o 'lLIVdUlIS ;o uoqesqerrud aq1 (e) rol ldalxa 'll.Lwulls lo uoBnlossrp aql (q) 1.ra6eue61 aql Jo lq6u ro lasse lepaleu lue;o auoal eJrars Jo ,Qrlua rolras rl1qnd Aue Jo luauJuralog aq1 ,(q uotpe Jplrurrs Jo uouslnbre fuos;nduor 'uoller:do.rdxa aql (e) :1uan3 a:nafe6 a).rol e Jo llnsal e se sJnf,ro 1I (!l) Jo luatuaar6y srql 1o :a6eue6 aq1 Iq qrearq p uo4 slnsa.r tr J (!)
]fIWUIIS Iq ]neJao Jo tua^3 ue aq lleqs lua^a qlns ou le$ 'i5 5M6q TEp!

0rA 19'61 uopa5 o1 luenund per1uol srqt aleuluual o1 :a6eue6 aql1o yed aq1 uo 1q6r.r aql ot asu an;6 gleqs arnr o1 (Iue 1r) pagrurad pouad aurl aql urqlrM perns lou J!

'qrltlM '(,1jne1aq Jo lua f 'titlVUUrIS,.

e qrpa) lilWU3IS Iq llneJap Jo tua^a ue aq lleqs stua^a 6uy*o11o1 aqt Jo qref nfleueq aq7 t{q uoaeuLutal 7'1ig1 'prPog aql [q uolleslroqpe ror:d lnoqlrm prpog aql r(q panordde ueld lenuuv aql u!
lno las surall enrpadsar aql JoJ strrull leoupuu aql bulpaalxe ra6eue4 aq1 pup luotlnlllsut lpDUeuU 6u1nss1 aq1 ro l3.I\fdUlIS ,{q pauorlsanb 6uraq l(1rl1qear.rolua pue rQrprlen slr Jo r.ural aqt 6uunp auq Aue le paJJa pue arJoJ llrq ur ureua: ol 6ulsear aalueJeng aql (0 (r) lJoaJaql ,{pauar Eulpueurap pue tgelap alqeuosear ur uousanb u!
qleaJq lpualeuJ aql 6urAlluapr 'luauaar6v aql Jo uo11eulurra] aql ur llnsal plnor leql palJnf,f,o seq luau:aar6y aql Jo tlleaJq leualpu e leql Eunels 1:1UUUIIS u.ro4 arllou rage s,{ep (Oe) lltq1 urqlr^ parpauial lou s!
leql luaruaal6v s;q1 1o .ra6eue4 arp Aq qreatq ;etlaleut {ue (q) l(parou6r aq lleqs uogsanb .rapun polrad aql ul luaurarnseaul roJ lleJ lou op qlrqM slala'l e)ueuJlolad parrnbar aql 'JoaJaq sasodlnd aq1 rol) rea1 perluoJ p ur sr.{Juou.r (9) 4s 1o popad an4e;nunt e .ro sqluour (e) aarql Jo polrad a^qnf,asuor p JoJ sla^al alueurolad palrnbar aqJ ulelureu pue a^arqre o1 ta6eue6 aql Jo arnllel Euulnlal (6) lljl\/"dulls Jo saq:adold pue slasse aql 'sellrlDeJ aq] taar(o;du.ra aq1 1o ,lg.rnras pue rQages aq1 ,(ptedoa[ ur qnd qrtqm lo ssaursng aql uo paJp asJa pe lpueleuJ e seq qllqM.ta6eue6l aq1 Iq pnpuols!ur lryllrM ro uoqeluasardatslu.lepaleui'alua6tl6au ssolE r(ue 0) lluauaarEy slLE rapun suoqe6tlqo s1!
uuolad ol lrlllqP qra6eue4 aql uo paJla asla^pe pue lellalPul e Eutneq ,tuellem :o lu uaalDV JUAUADDUDW pa4w17 tuodwo) suo!
)DrtunwwozapJ auoaT DJJag YL 'A1dde 1leqs S SI asnpll pup aleurulral Alalerpar,uurr ;1eqs lualuaa:6y srql uodna-raqan 'lq-re6 raqlo aLlt ol altlo\ uotleuruJlal e 6ur:anr1ap,{q luaulaa.i6y srql aleurural ,{etu aleurural ol lualul Jo altloN aql ua^r6 6urneq zQre6 aql 'parpaurer uaaq a^eq lleqs aleutu.lal ol lualul Jo alrloN aql o aslt 6ut^tb llnpJa6 Jo luelf aqt ssalun ro paalEe astM:eqlo a^eq lleqs sarled aql ssalun pue Z'Z'9I osnel] ut paqrJlsap pouad uotlellnsuo) aql Jo uorlerrdxa uod6 'llne]ap parnl q:ns;o padsa-r ur luauraalBv s!r{ aleulurral ol lq6u ou a^eq lleqs (ye6 6urllnegap-uou aql uaql 't'e'SI asnell qllM alupprolle ut ]P parn) sr llnelep 3q1 alrloN uorleurulJal e Jo fua^|lap aql ol .roud aulll Jr pue 'llnpJep aql ernl ol sUoJJa aleuapun oJ anurtuol 1ne3ep ur r!.re6 aql 'aleuruiiaj ol lualul Jo a)rloN aq1 1o &anrrap aql EurMollol pouad aql 6ut:n6 'saruepunf,lf, aql lle lunorle olu!
6ullel llnpJaq Jo lua^l luelalar aq1 ;o saruanbasuo) aql 6ur1e6r1iu ol Mata e qllm ualel aq 1leqs sdals leqm ol se (aa.r6e lllen1nu lpu saued aql se pouad ra6uo; qcns ro) sAe6 (OE) IUtq ol dn Jo alep fua^rlap q)ns uo 6uouauu.roc pouad e roJ llnsuol llptls sa11,lpd aql (p) 'aleulural ol lualul Jo allloN e 1o fuantlap aqq 6urr*oJ;o3 ^eu ^ue 'al[ou qf,ns o1 asu 6urnrb 'aq Ieu aser aql se 'llneJao Jo lua^;l lj.lwllls Jo llneJeo Jo lua^f Ja6eue6 aql llepp alqeuosear ur l;1:ads lleqs aleurural ol lualul Jo arr1ory aq1 'r(ye6 6un1ne1ap aql ol luauraal6y sgql aleulur.ral ol lualur qr 1o (,a1eu1ure1 ol lualul Jo af!loN.. e) a:rlou p 6uua^rlap {q luauaaroy srql 1o uoqeururJal elertlut 'uoqdo sll lp 'Ieur fue6 6uq1nelap-uou aq1 'Iue 1r 'pouad arer6 alqerr;dde aql ur.1l!M pernl lou sl lplll 'eq ,(eu aser aq se t1He1a6 Jo lua^3 "l3I\rdUlIS ro llneJaO Jo lua^f Ja6euer{ e Jo aluarrnf,lo aql uodn t'z's I z'z'9t I'Z'SI semN uo-i]Equi5f Z'St ';oaraql Apaua.r 6urpueuap pup'lrelap alqeuosea.r ur qlearq lepaleru aql 6ulllnuapt 'luauraa:6v slql Jo uolleuluJal aql ur llnsal plno) leql parnllo seq luauaarby aW Jo qlealq le!.laleuJ e leql 6uuets lLl\rdu3ls l,]Jtql utql/rl palpauar ot raoeueN aqt uo4 ef,oou raue slep (0€) lou sl lpql luauaa.r6v sltlt Jo'l:II\|dUfIS Aq qtparq leualeu ^ue pue lslep (OE) IUtr.q roJ pledun sanulluol leqt luaulPd roJ alep anp aq1 uo luau.raa:6y srql rapun l!
lq appur aq ol paJlnbar quauAed ro tuauled lue;o 6ur1eu: aqt u!

l;1lqu;1ls Aq slneJap ro lgnelap iue (a) (p) ls,(ep (Og) AUt$ ulq1tt Apotflne lualaduor Jo Ino: e Iq paslaaa.t ro pa^els lou sr leql EIyyUIIS dn 6utputtvt rapJo ue Jo lllWUlIS ra^o uonrpsunf ql!r* unor e lq 6ur1eu aql (A!)

1]uaululodde qlns Jo sAep (96) Aautu utr.lltM palels .ro aplsp las uaaq lou seq luaurlulodde qlrqM '6upeaq anp pue lil-UdUSIS ol e)[ou ]aue lll-VdUjIS Jo dn 6u1pu1m aq1 lo; 6urpaarord e u!
roleplnbtl leuolstno:d e 1o luaulurodde aU (ttt) l;a1;a.r -re1ru.r;s laqlo lo 'ulnt:olerout 'rbldn.r1ueq Jo uonrtad P Jo 1llyyul15 Iq 6u119 fue1un;oa aql (tD llilydulis Jo dn 6urpulM aql ioJ 1:LWUIIS Jo siaploqareqs eq1 Iq uonnlosar e Jo 6ulssPd aql'(r) :quana 6uuvto;;o1 aq1 1o {ue ;o arualrnlro aq1 '(luauaa:6y stql :apun suope6l;qo qt uloyad o1 'aq Aeu asef, aql sB 'Arlua papnJlsuolaJ:o paleue6;eue aq1 lua w aalDV luawaDouDN paywry luodwo) suotyntunwwoJalal auoaT o ary Sierra Leone Telecommunications Company Limited 15.3 Other Remedies The exercise of the right of a Party toterminate this Agreement, as provided herein, does not preclude the Party from exercising other remedies that are provided herein or are available at law (including, without limitation, the right of SIERRATEL to enforce the Guarantee).
Remedies are cumulative, and the exercise of, or failure to exercise, one or more remedy by a Party shall not limit or preclude the exercise of, or constitute a waiver of, other remedies by that Party 15.3.2 15.4 Consequences of Termination 15.4.1 Any termination of this Agreement for any reason shall be without prejudice to any other rights or remedies a Party may be entitled to hereunder or at law and shall not affect any accrued rights or liabilities of either Pafi nor the coming into force or the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination.
t5.4,2 Upon the effective date of termination, the Manager shall (a) subject to payment of the Termination Fee by SIERRATEL as computed on the basis set out in Clause 11.4 and Schedule 1, for a period not exceeding six (6) months after the effective date of termination of this Agreement, work with the employees of SIERRATEL or any incoming manager or its successor to ensure effective handover with minimum interrupUon of the activities and services which were immediately prior to such termination being carried out by the Manager; (b) deliver all Reports, manuals, records and other deliverables prepared by it under this Agreement which are the properties of SIERRATEL in terms of Clause 20.13, provided that the Consultant shall be entitled to retain a copy of each of the foregoing as part of its internal records but without prejudice to its obligations of confidentiality and non- infringing use in terms of Clause 17 and 18.2; and (c) deliver all inventories, software, facilities and equipment the property of SIERRATEL provided to the Manager in connection with the performance of its obligations under this Agreement.
The Manager shall prepare and submit an account statement to SIERRATEL within thirty (30) days of the effective date of termination ("Final Account Statement").

The Final Account Statement shall set out in detail all fees and payments due to the Manager accrued before and after or on account of termination in accordance with the provisions of this Agreement.

SIERRATEL shall review and respond to the Final Account Statement within fifteen (15) days of the date of receipt thereof by SIERRATEL.
In the event of any objections by SIERRATEL to the Final Account Statement, SIERRATEL shall make payment of the undisputed anounts forthwith and the disputed amounts shall be the subject of consultations between the Parties for a 36 15.4.3 IC uaq.M 'llIVUU:lIS ro] Ilssaldxa palxpp]nueur aq tsnLu pue patapjo ,{;aur1 uaaq seq leql luaLldrnbo ;o a>ard tofeu e Jo }dtarar aql Jo atep tdralar palnpaqts aLl] raue lep (OE) qleltilq] aql puo,{aq Aelap e Jo lan6eld ro )rLuaprda luorlpuru,reluot lelruaql lo uorsoldxa 'atg 'opeuJol 'uooqdll 'erg '6uru1q6r; se ia^eM leprl ro euPlrJnq 'auopAr 'uJrols 'poou 'tueunsl 'alenbqyea qlns Ar.ranas leuoqdarxa Jo sluala leJnleN lme1 ur sa6ueq3 l(JJplS tuauraoeupN aql Aq asoql 6urpnpxa 1nq) ta6euep aq] tsuleoe palrerlp ale leql asorll ro luauuia^o9 aql ro lffvgull5 lsureoe papalrp .lo qttM palet)osse suolpe Jnoqel 'uo0e1uJll lou pue aldtuere lo Aq 'se qf,ns 'arnleu 1erg1;od e Jo aJp leql Jo 'sMols-o6 to alnt ol qtoM 'saluls ^eM a nnf,asuol p .loJ palslxa a^eq Jlaqr lleqs lpql luasuo] Jo asdel larou ro slep (6E) rQrrql lo pouad ^ue ro 'ursuoira] Jo uoleduer Jo pe 'uorlouJrrol r!^!l ';li"t'r".lT - 'lou 'uo[nlo aJ 'o6:equa 'apq]olq '{uaua u6ra.ro; Jo pe Jo prguo) paure 'uorsp^ur '(parelrapun ro parellap raqlaqm) rem 3o pe lue (q) (6) G) (a) (p) (:) (q) (e) :sluaruarrnbar aloqe aql sauslles qrea le{l lualxa aq o1 Aguo lnq 'sa)uplsuJn)rll pue sluela 6urirno;;o1 aql Jo qlea apnllur lleqs repunaraq ,,quan3 arnele4 a]rol( 'sarnseaur uorpalo.rd aq1 1o A:ergga 41a111 aq1 pue 'rnllo plnoqs lt Jr luala L{)ns Jo paJJa alqeqo:d aqJ 'lua^a qlns Jo poor.llle)ill aql Jo 1116ll u!
alqeuospar are q)rqm saq!^lpe ro qf,e sapnlrur arer alqeuoseor 1eq1 paar6e pue poolsrapun 6u1aq l!

'arel alqpuosear pue aruaErlp lo esrflaxa aq1 q6norql ,Qed papaJe aql Aq 1ed ur ro aloq/v\ ur parpaural Jo 'aurora^o 'palua^ald uaaq a^eq lou plnol paJJa asJa^pp pue lepaleu qlns leql T S eMoq- FFlIdid iluauaa:6y srql leql lq arueurolad aq1 spage o1 luenslnd ro rapun suoqe6r;qo q!

lo ,(lasranpe pue ll1eua1eu aleo a []sJJ:l aql JaUe Jo uo leql pue r!
:e6 e 1o lo.t1uol alqeuosear ag1 puoAaq sr leql saruelsurn3Jll ro quala Jo uorlpurquol Jo a)uelsuJnl.rll Jo luala lup ueau lleqs ,,luan3 arna[e61 a]rol* V ^Ied u6i1itru5-0 r'9r lun:Icv9,r lrf,uoJ 9r '6I asnelf rapun uo[nlosa] rol alndsrp aql JaJaJ,{eu:,t:ed letllra 'prps-aroJp sP suorlellnsuol 6uwro11o1 pellosar 1ou sr alndsrp aql luala aql uI 'luaruaal6e Jo alpp aql Jo slpp (91) uaagg unfllm lua^a ,(ue u1 1nq ql$q1oJ goa:aq1 luaruAed aleu lleqs ljl_VUU3IS 'luautalels lunollv leurl aqt Jo sural; palndstp aql uo saqed aql 1o luauaar6e Jo lua a aq1 u1 'sAep (E1) uaagg 1o pouad :aqyn1 luawaalDV )uawaoDuow pa4w17 tuodwo) suotlDtunwwnapl auoa7 orra$ Sierra Leone Telecommunications Company Limited Manaoement Aoreement such delay is caused solely by a strike or accident in transportation.
16.2 NotificationObliaations 16.2.7 L6.2.2 16.2.3 If by reason of a Force Majeure Event, a Party is wholly or partially unable to carry out its obligations under this Agreement, the affected Party shall give the other Party notice of the Force Majeure Event(s) as soon as practicable, but in any event, not later than seven (7) days after the affected Party becomes aware of the occurrence of the Force Majeure Event(s), describing the Force Majeure Event(s) in reasonable detail and, to the extent that can be reasonably determined, providing a preliminary evaluation of the obligations affected, a preliminary estimate of the period of time that the affected Party will be unable to perform the obligations, and other relevant matters.
When appropriate or when reasonably requested to do so by the other Party, the affected Party shall provide further notices to the other Pafi more fully describing the Force Majeure Event(s) and its cause(s) and providing or updating information relating to the efforts of the affected Pafi to avoid and/or to mitigate the effect(s) thereof and estimates, to the extent practicable, of the time that the affected Party reasonably expects it will be unable to carry out any of its affected obligations due to the Force Majeurg Event(s).
The affected Party shall also provide notice to the other Party of (a) with respect to an ongoing Force Majeure Event, the cessation of the Force Majeure Event, and (b) the affected Party's ability to recommence performance of its obligations under this Agreement as soon as possible, but in any event, not later than seven (7) days after the occurrence of each of (a) and (b) above.
Failure by the affected Party to give notice of a Force Majeure Event to the other Party within the time required by Clause 16.2.1 shall not prevent the affected Party from giving such notice at a later time; orovided.

however, that in such case, the affected Party shall not be excused pursuant to Clause 16.4 for any failure or delay in complying with its obligations under or pursuant to this Agreement until the notice required by Clause 16.2.1 has been given.
16.3 Mitioation : Resumotion of Performance 16.3.1 L6.3.2 I The affected Party shall use all reasonable efforts to mitigate the effects of a Force Majeure Event, including, but not limited to, the payment of all reasonable sums of money by or on behalf of the affected Party, which sums are reasonable in light of the likely efficacy of the mitigation measures (but not in relation to an obligation the expenses for which are the primary obligation of the non-affected Pafi under this Agreement).
Provided the Agreement is not terminated for the reason of Force Majeure in accordance with Clause 16.5.1. the affected Party shall be under a duty to resume the peformance of its obligations under this Agreement forthwith upon cessation of the Force Majeure Event.
that the Manager shall be entitled to reimburs;ement of all costs and expenses reasonably and necessarily incurred in connection with the resumption of his fu rth er ro de ?Q 6e suorsr^oid aql 6ullo^ul Aq 1uan3 atn;[e61 a:to3 aq] Jo atuenutluo: aq1 6uunp pred aa3 paxrl aql Jo punJar e laas 'luaLlaal6y aq1 saleurulal l3l6ulls paprnord 'Ieu lr 'ra6eusN aql Jo o:ua6r;6au ssot6 Jo A1a1os a:uanbasuo: parp eql seM lua^l alna[e6 a:ro3 aq] leql sanarlaq r(lqeuosear IJIy6UIIS J!
'1VHI OlOnOUd '1uar1 arnafe6 e]rol e Jo a)uenuquot aql 6uunp rapunaraq :a6eue4 aql lq suone6tlqo q!
Jo alueullolad aql ut &tpqeut lo aqt 6ulpuelsqllMlou ra6euer{ aql ol aal paxH aql Jo stuau^ed a)pLLr ot anuquo) lleqs -llawulls aql pue a^lalar ol pal tua aq lleqs ra6euer{ aq1 ^plap 'alrloN uoqeurural aql Jo atep aq] raue slep (SI) uaagg 6ur1ge1 alep aql uo lf,aJla alel ol auou qlns 'arloN uorleuruxal e Eulruas,{q guaulaal6y srql aleuruJral ol uoqdo aql eleq lleqs IIed taqlla uaql 'lea,{ e ur s,{ep (OZf) s^ep ,luarvq parpunq auo;o pouad alqelnurnl e ro sAep (OO) Afautu ;o pouad alrlnrasuor e ro; 6urnurluor luanf a.rnafe6 af,loj p Jo luala aq] uI @e'9r 'suoqnlos punore UoM paar6e aql 1o aruanbasuo: ur ra6eueL{ aqt 1o suoqeErlqo aql Jo acueuroyad Jo uolldLlnsar Jo alep aqi uo pue luaUa aql ol pasear aleq ol pauaap aq lleqs lual3 aJnafel/{ aroJ aql pue suoqnlos agg luauraldulr ol paalo.rd lleqs Ja6eup6 aql 'ra6eue61 aq1 1o ft1ltqede] pup aslpadxa aql urrllm are pue I=U-VUUIIS {q auroq aq o1 paar6e are pres-aJo1e Eurlaau aq1 le panrrle suorlnlos aq1 luaualdur ol slsol leuoqrppe Aue paprnor6 '1uarr3 arnafe6 a)rol aql Jo a]ua{ntrlo aq1 alrdsap pauroyad aq uer qlrqM suorle6rlqo aql Jo a)ueulolad gerled pue suoBnlos punorp lJoM '1uarr3 arnafe6 a]lol alll lo qleJJa aq] ale6qru ol saJnseaur 6urpn;ru1 ualel aq ol (s)uorpe ,{ue pue lua^l alnafeN alrol aql ssnlslp ol laau lleqs saqed aql'Z'9I asnep rapun lua^l arna[e!^l alroJ e Jo aruarrnf,lo Jo alqou e Jo fua rlap aq1 1o s,(e6 (1) uanas urq16 z'9'9r I99I punolE )lroM s'gl ^]]ed 1uan3 arnafe6 af,JoJ e Jo llnsal e se A]Jed papaJJe aql Iq pareJJns asuadxa ro ssol Aue ro1 r!111qe;1 lue reaq lou llpr{s l1,led Jaqlo aql z'g'gI asnelf ol luensrnd luau^pd roJ Jo €I asnPll ol luensJnd uoBeluluuJopur ot rq6u t&pa pepaJJe aql ol a rpn[a]d lnoq}M pue '/qJed raqlo aql Aq luauaaroy s!r.|] Jo saqrearq roJ ueqt Jaqlo 'parrnllo tou lua^l arnafeN a)Jol a$ peq pa]lalJe ar4 Aq pa:uauadxa uaaq ssalaqua^au a^eq plnoM lelap ro arnppl qlns trpqt ]uaya aqJ ol ,'9I uouras slql papaJJe aql ol paluerE aq lleLls 'saurlpeap aruptl]roJJad Jo ol tuens.rnd uorsuaua aql /uoqellurll 1noq1y* 6urpnpur ',Jarlar
 ou le$ 55^5i^-0q-T5p!^o.id lpapuaua aq lleqs luauraarby srql .rapun laau ol pale6tlqo st r$e6 papage aql lpr.ll aullpeap arueuroyad Aue (q) pue 'luanl alnafel^l ef,ioj aql ol anp paluanard os luaua aq1 o1 luauaa.rEy slql ol luens.rnd lo rapun (luauied e aleur ol uorle6rlqo ue uetfl.raqlo) suorleorlqo qr 6ulu.tloyad ut ,{elap lo aln;te; lua.ro; a;qer1 aq tou lleqs rQe6 papage aql (e) uaql 'lldttto: os ol sanulluof, pue €'9I asnel3 rapun suone6l;qo aql qllm palldulot 1uan3 arna[e4 arlo3 aql Jo aluarnllo aql alurs saun llP 1e seq r!.re3 papaJJe aq1 se 6uo1 o5 ^].led aJnareN af,JoJ Aq Pasnel elao b'gr 'lua f arnafeN a)rol aq] Jo uooessa) uodn suolleollqo lua uaaJDV luawaDDuDN pa11w17 {uodwo) suo!1D)tunuwolapl auoa1 DJrag 0t ',(1e3 raqlo_aq1 1o A1.todord lenllallalul;o uorpalo.rd aq1 asru.lorduo: .lo alrpn[a.,]d 3s!Mt*4]o .ro asolrsrp ro Jo esn al?ur Jou saop /1ado-r6 lpnllallalul qlns leqi papt^old sattled plq] Jo luauaq aql roj lo lueuaq uMo slr .rol ,i1:adord lpnlrallalul slt lc lue asn o1 1q6u aql saruasar ,{ye6 q:e3 'ftrnladlad ur a]ualrl alqelaJsueJl i(1aa.r1 'aarsnltxa -uou 'aarJ i!
;e,{o: e Jo srseq aql uo salqeJalrlag ptes aq1 ur pasrldr.uot ,{Iadord lenpallelul 6uqsrxa qr Jo'l:[t\fdU]IS oJ uorsrrro.rd aq1 alnrotd llpqs ro apr^ord 11eqs la6eue4 aql 'LUraI aq1 puolaq pue 6uunp llL\fdulls Iq sa;qelaru;a6 eql Jo asn lo lueuaq tadotd .ro; fuessarau tueya aql 01 asn lo stqbtu z'8I Eil6lEFlnErs Iuado.r6 tEqrollolul I'8I 8I 'Iped plql aLll ol Allelluapuuor go uorle6rgqo Iue rapun lge6 6unrara: aql Iq paurelqo Jou seM uotleul:o;ul aql se 6uo1 os aues aq1 a61n,r1p ol aa4 st 'futnbu!
elqeuoseal JaUe 'sanatleq iQe6 6ur,uaral aql or.lm rQpd p.rtr..g e ulo4 peutplqo uotlpuxoJut (r) Jo uolle6llqo aroJaq Joaraql i(ye6 Eul,rgarar aql Jo uorssassod aqg ur uolleuroJut (q) Japun paulelqo Jou spM 1eql arua6;na1p ^ue pue lfir;equapguor ., srql Jo qlearq Iq ueql esrMrarso uleulop llqnd aql ut uoqeurroJul (e) lluauaal6y :ol lldde lou leqs a^oqp I'lI esnelf Jo suolstlotd aql 'luauaa:6v slql Jo uoueururral Jo alep aql Jo fuesranluue (qtE) qUU aql uodn paJJa raqury ou Jo aq pue a:rdxa lleqs lnq tuatuaar6y srql Jo uorleulurel aqJ alrruns lleqs /I asnelf slr.
{l ;o suorsrnold aq1 'luau:aar6y s!ql tapun suo;1e6rlqo slr r.xro;.tad o1 parrnbar aq leur sp upql asrMJaqlo 'sasod:nd umo slr ro; aups aql asn lo asollsrp asr^Alaqlo ro qsr;qnd ,Q:e6 6ursogrsrp aql Jo luasuol ualluair roud aql lnoqlM (prPsajoJe sP sroFa^ur Jo stapual qlns Jo .ro sarued aql Jo sJas!^pe ;euo1ssa1old a^lpadsar aql ro 'I:IIVUU:;IS 'ul noJsalur ro /ol srapua; anrpadsord Jo salllJoqlne fuoleln6al aleudo:dde ro nel ,{q parrnba.r se a^es) lou lleqs pue luauaarEy slr.ll ol Eullelar ,{ued :aqlo aql Jo Jleqaq uo lo Aq 1r ol patlddns arnleu lpltuapuuol e Jo sr qrrqm ',(ye6 .raqlo aql Jo sJrpJJp pue ssaursnq aq1 Eururaruor 'leorauruol ro lelluqlal Jaqlaqm uoBeuJroJUI lle aluapuuor ul plor.l 'su61sse pue srossarfns papru.uad a^lltradsal rlaql lo qlea pue 'qua6e pue 'queJlnsuof, 'sJoperluo)qns 's.rope.quor ';e1s 'saaAoldrua rlaql leql arnsua lleqs pue 'lleqs salued aql Jo qlel e'Lt z'Lt I'LT 11;1e;1uapguo3 Lt '6I asnelS Jo luawa ovluawaTDaDw p a11w17 tuodwoJ suotiDJtunwwo2apl auoa7 DJJag raqlra Jo uorllrpsunI aq] Jo leuorleu e aq lleqs z'6i asnpll srql o] Juenslnd palurodde .rolejlrqre oN auo aq llprls slolejltqle Jo laqulnu al{l 'salupd aql Aq paar6e asrMlaqlo ssalun pue uopuol ut pallnpuol aq lleqs uor1e.r11q.re ,{uy rapunaJaql uotlerlrqrp o1 luasuor ,(qa:aq sarled aql pup 'uorlel1rqle pasodord aql Jo auJtl aql le ello; u!
('lVUXf,Nn) Mel aperl lPuoqeuJalul uo uorssru.r.r.lo] suorleN paltun aql Jo uotlelltqJe lo salru aql rapun papas aql qllM aluaprollp ut uoqelltqle iq pelllas aq lleqs saqled aql uaaMlaq suoqeqo6au 1en1nu 6unro;1o1 pa^losat lou alndsr6 {uV Z'€'61 I.t'6I uorlel]rqiv e '6I ',tred :aqlo aql ol alndsr6 alll Jo alrlou uagrl* sanr6 rge6 6uqndsrp aill leql alep aql raue sleo (Og) lUtq ulqlm suorssnlsrp lenlnul Aq qle3 poo6 u!
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le pue lluauja6uuJu!
roJ surel) Aue uo4 6ur11nsar 'l]MUlIS Aq parnrur ssol luP lsure6P lffvuu315 ,lruuapur ,(11n1 JoJ saped pJlr{l Jo surlpl) lue puaJap ro alues $ol umo sJr le lluauaEu94u; (r) (q) (e) :11eqs :a6eue6 aqt 'rauearaqt ueaA (g) aarql ;o pouad e roJ ro rJJraI aql 6ulrnp ar-url lue le parrolur uaaq a^eq o1 6urnord (a) e'zt asnel3 Japun ra6eue4 eql go ,{1uel:em pue uollsluasaJdal aql Jo luana aql uJ T'E'8I EIEIUEFUI e '8r luawaalDV luauaoouDN paywrl tuodwo) suollDlunwwfiapJ auoaT D als r.uot'f rpuo)teJr.t' utassnq ZZZV86 T 196+ uoueqal 'ln-]lag 'uMol ''rls Inolq6ez pePS 'ePjJeN /sI 6pl8 ueuJJreq] (Ado:) peu-3 :alrulslel :ssarppv :uorluaIIv uMoc :la6eue6 aql lI ()) p'no6'drugolur :(,{dor) peu-3 SEdLZZZeZ+ :alru-llscPJ auoal euats'u/v\olaaJJ a UO nVO 1l!H .ra/vlol 'asnoH ollo'l :ssarppv ueuureqf :uorluallv :dfN JI (q) ls'lelerlals@lalexa!s LTLLZZ / 6|WZZZEZ+ auoal eJrars 'uMolaaq 'O'd laaqs uosuqof alPlleM / ropel6 6ur6eue4 : (,{dor) lreu-3 :altuIrsoPJ :ssarppv :uollusllv 08 xo€ :1:l-L\tdu:lls lI (e) :aq llprls sJaquJnu alruJrslpJ arluadsar raql pue saryed aql Jo a)rNas JoJ sassarppe aql'allulrsleJ Jo.raunol lreu pagnJar Jo parapr6aJ 'ue:6a;a1 ,(q luas ro A1;euouad paralrlap aq Jaqlra lleqs pue'Molaq palellpur uorad aq1 Jo uoquallp aql .loJ passarppp aq lleqs '6uqr.tm ur aq lleqs auo Iq apeuJ Jo ua^r6 luauraal6y slql 01 luenend I1e6 :aq1o aql o1 aq o1 (,sarnop.. raqlaEol) quaulnlop raqlo .lo 'suorJPf,lunulu-tof, 'sarltou llv ^iled .t sE5EdN r'02 snoauPllarsll^I 0Z 'role.rlrqre aql Iq ua^r6 p.rpme aql uo paspq ro Jo lno 6u1s1re s6urpaaro.rd qrns lue ur 1r lsulebe luaurEpn[ Iup Jo luau.ralroJua aql Jo padsai u!
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,(q alueu:oyad pue fuan11ap 'uoqnlaxa aqt leql saar6e ,{lqeronart pue A;leuotltpuorun lllWUfIS 'salued aql uo 6urpurq pue lpuu aq lleqs iolerllqre aqlJo prpme aql 'slsol pue lsarelu!
preMe ol rartod aq1 a Eq lleqs role4lcpe aq1 'qs116u3 aq lleqs uoltery.le 1o a6en6ue; aqL ',qled iaqlta Jo lua6e :o aa,{oldua rauJoJlo lue6e ro aaloldura ue aq JoleJllqle [ue 11eqs.tou 'r{1e6 e 'e '6r lua waalov luawaDDuDw paywq tuodwoJ suotlDJlunwwfiolal auoal DrJa$ t, aqt Jo ia^reM e se pp Aqaraql 1ou ieqs 'raqjo aq1 o1 Aye6 auo Aq paluerE atua6lnpur raqlo ro eurl Jo 'luauJaa.r6y srql ;o suorsrnord pue 'suorlrpuof, 'sLu.ial aql;o arueu:oyad aq1 uodn uorsello ,(ue uo prsur o1 ,(ye6 raqla Aq arnpel aql 'luauaa:6V srql ur asr,waqlo paprnold ,{lssardxa a:aqr"r 1da:x3 Z'b.OZ 'r{ued aql Jo alrJeluasardaJ pazuoqlnp ue Aq palnlaxa Alnp Eurlunn ur ssalun a^rllalJa aq lleqs (q) raqlnJ ro :aq1o lue Jo ra^reM e sp pan.qsuof aq ro alerado 11eqs (e) ro lrallerpql luara]Jrp ro alrl e Jo raqlaqM llnejap luauaa:6v s1q1 1o suorsrnord aq1 1o lue 1o arueturogad aql ur laqlo aq1 i(q 11ne3ap lue 1o fire6 raqlra Aq ralreM oN t'b'02 sJaArPM b'02 'Joalaq JallPur pafqns aq1 1o padsar ur saq.red aql uaaMlaq sluaLua6uere ro sluauaar6p 'suoqeluasarda.i ualllJm pue lero snoura:d ;1e pue 'ra6eue6 aq1 Iq asuodsel ur pallrurqns plq aql 'quaun)op Japual aqg sapas.radns pue Joa.raq rapeu pafqns aql 01 uorlplar ur seupd aql uaarqaq 6urpuels:apun aJrlua aql salerodrorur 'ola:aq salnpaqls aql pue aalue.leng aql qllm laqla6o1 'luauaa:6y srql 'sa!ued aql Jo sa^rleluasa:da: pazuoqlne Alnp aq1 Aq pau61s pue Eugptvt ur 1t lluo Eurpulq aq 1leqs luauraar6y slql ol suogepe^ pue quaurpuaup 'suorllppe lM fn5m5i6v-5rD-nl €'oZ EEmm-olSEorlEirm Z'OZ 'passarppe sr 1 qrr.lrll o1 lpe6 aq1 Iq parlara.r ppJ u!
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Jaqlaqm pue l)uarJnl u61a:o1 .ro sauoal ur Jaqlaqm 'suns iue pred Jauueu ro lem laqlo r(ue u!

lou aleq quabe pue saeloldua slr 'JaOeueW aql lpql puE uorssru.
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paralua a^eq saued aql JOIUIHT6 SSINII6 NI .luauaaJDV JuauaDDuDN pa71w17 tuodwoJ suotlnrunww@apl auoaj DJJary Si erra Le one Telecom mu ni c ati o ns C o m p any Li m i ted Manaqement Aoreement Schedule I REMUNERATION OF THE MANAGER: Fixed FEES.

Incentives, Reductions and mode of Payment s1.1.

s 1.2. s1.3.

s r.4 s 1.5. s1.6.

S S 7 8 s t.9.

s l .l0.

sl.


The Fixed Fee ($6.5m) paid by SIERRATEL is determined as follows: Year l: $2,200,000 (Two Million Two Hundred United States Dollars) Year 2: $2,200,000 (Two Million Two Hundred United States Dollars) Year 3: $2,100,000 (Two Million One Hundred United States Dollars) SIERRATEL shall make payment ofthe Annual Fixed Fee in accordance with Clause I I .

I .3 for the first year.


SIERRATEL shall make payment of the Fixed Fee for years 2 and 3 charged monthly (12 calendar months) in arrears within ten (10) days ofthe date of submission ofan invoice by the Manager.

The Fixed Fee shall be pro-rated on the basis ofactual months (or part thereoQ of Service performed.
Subject to Clause 2 (f) (ii), the Reduction to the Fixed Fee, for the year where the required Performance Levels were not met, shall be calculated as follows: the Fixed Fee shall be reduced by 4oZ as penalty for any one Contract Year, calculated in accordance with Schedule 2. a, The application ofthe Reduction to the Fixed Fee shall be done in accordance with Clause 11.2.4.

The Incentive Fee paid to the Marager shall consist of two component: a.
Incentive Fee A b. Inceative Fee B The application oflncentive Fee A Shall be done in accordance with Clause I 1.2.4.

The Incentive Fee A [Reward] shall not exceed 7olo (seven per cent) ofthe annual Fixed Fee for any one Contract Year, calculated in accordance with Schedule 2.

Incentive Fee B shall be 8oZ (eight percent) ofthe value added by the Manager at the end of the Initial Term (the "Value Added").
Incentive B: The Value Added will be calculated at the difference between the value of SIERRATEL at the Effective Date (to be done within three months from the Effective Date) and the value of Sierratel at the end of the Agreement.

Both valuations at the Effective Date and at the end of the Agreement shall be based on a fair marki:t value as determined by an independent third party appraiser.

fhe appointment ofthe Appraiser shall be agreed upon by both parties.
The Appraiser will be chosen from an international major investment bank or auditing firm based outside of Sierra Leone and the cost of the Appraiser shall be shared equally by both parties.

Should the parties not agree upon the choice of the Appraiser, the appointing authority of the United Nations Commission on International Trade Larv (UNCITRAL) shall appoint a suitable Appraiser that is agreeable to both panies.
Incentive Fee B shall be paid b-v SIERRATEI- upon the corlpletion of a Transaction (being a pafiial o.r full sale 9f SIERRATI-.L shares) br ar ll're end of the Initial Terrn ufiichever occuls the earlicr.
fr@ 43 ( Sierra Leone Telecommunications Company Limited Schedule 2: PERFORMANCE LEVELS: Sierratel Performance targets (KPI) Criteria CDMA VOICE Net Add itions End of Period CDMA lX Net Add itions End of Period CDMA EVDO Net Additions End of Period PSTN SUBS Net Additions End of Period REVENUES IN MIIIIONS TE Voice Revenues Data Revenues Other Revenues NEW SITES CDMA KPI Weighting 20% Current Position Year 1 Year 2 Year 3 21,000 13,8@ 34,880 45,mO 30,000 80,880 110,880 LO% ZOo/" 20% 30% L,49s 938 2,433 L,201 3,634 887 4,52L 2,224 596 2,820 1,914 4,734 1,502 5,736 5,000 4,277 4,523 805 L(m 6,000 10,239 L5,239 18,021 34,260 20 20 t7 TOTAL WEIGHTING LOO% Notes: 1)The Revenue KPI's forYear 1to 3........ (a) Year 1 will be Integrated and submitted no later than 4(Hays after the 2months transition period (b) Years 2 and 3 will be submitted no late r than 4months afte r the Effective Date (c)All Revenue KPI'S submitted by the Manager have to be finalised and agreed by Sierratel and NCP 2) The total weightings will apply forcalculating the incentives or penalties 3) lncentives or penalties is measured by total performance and not each individual indicator 4)Threshold is 8el each performance year 5) lncentive reward = 8CPlo and above / Penalty = below 8Ol lncentive A = 7% of yearly fixed fee / Pe nalty = 4% of yearly fixed fee 6 4g \0e Yury ,"$,1 'd3N ro lalexals urory pa^lalal squauuol aql alelEalur ol .ra6euehl aq1 Aq paggpour aq 11tr,t lodal arueuloyad lllapenb aq1 paulolad satl!^qle :auoa'l ellals ur gels alepledxa ulol uoqs 'q auoa'l errars u!
JJels ale!4edxf luaueulad 'e ueal luaua6euehl -5 salMe 6u1u1el1 'r uefi iui*qrrarlay 'q luaul]rnJ)au'e sarJnosal uetrnH -l sa[r^q]e lellJaururoS -f sreqlo 'f, IroMlau y663 uorsuedrg 'q HIS t:afo.rd uelpul 'P lauq spa[o.r6 -6 umoplealq salnllpuadxa 1e1tde3 'p umoplearq salnltpuadxa leuolleradg'r uMop)eerq sanua^au 'q qusulalsls ssol 18 luoJd pue paqs af,ueleq 'e qlya 6uo;e Id;1 lpnpp4uo) aq1 o1 uoslreduor pue rayenb aql JoJ Id) parnseau :Id) -g .rayenb aql 6uunp saonrpe uleu aql 6unq6lltl6ttl :fueuuns a^qnlar3 -v :uoDeurJolur leDUeuH -3 suo!
]p!AaP i(ue :o1 suoqergue;r :uolleuroJur 6u;mo11o1 aq1 'unu:1u1tu e se 'apnlrur 11144 yodar arueuuoyad lplayenb aq1 luod:tu lf,NvNuojurd Alulruvnb E otnpaqrs J U d UtddJ u v J ud rzd u a uu n palqn tfuodwo) suo4oqunwwoapl auoaT Drrag S i erra Leon e Tel eco m m uni ca ti on s Co m pany Lim i ted Monooe,m en tA orPPnlcnf Schedule 4 Scop€ of Work 1 .
Scope of Work 54.1 : SIERRATEL is an existing mobile/fixed operator looking for professional assistance from the Manager for the period specified in the agreement.

The Manager shall take over the operational responsibilities and activities of Sierratel including and not limited to the following: F Procedures of the management F Ensure customer satisfaction !

Proper handling of company assets !


Developmenl of company procedures and policies ) Network design and planning F Network roll-out D Network Optimisation F Network Operation and Maintenance F Human Resource Management ) Long term Strategic Business Plan 4.1 : Management Tasks !
SupervisoryConsultancy ) Regular reporting: departmental monthly report, quarterlyreports and any P Knowledge transfer and Training as specified in the Agreement > Handle contractual issues on behalf of Sierratel as specified in the Agreement other Reports specified in the Agreement, 1.1 4.2: Ensure customer satisfaction F Handle customer complaints F Perform regular marketing surveys > Promote new products > Build satisfactory point of sales network in accordance with the market needs 1.2 4.3: Proper handling of company assets > Develop inventory of the company assets > Proper handling and Management ofthe warehouse 1.3 4.4: Development of company procedures and policies ) Developthe procedures for the workflow in the operation > Developthe polices and regulations for all employees 't.4 1.5 1.6 1.7 4.5: Network design and planning Network roll-oul Network Optimisation Network Operation and lvlaintenance N.P 0l 6 Sierra Leone Telecommunications Compony Limited Manooement AorcPmpnt 1.8 Human Resource Management > Staffing Plan ) Review and Development of Staffing Policy ) Staff Training 1.9 4.6: Long Term Strategic Business Plan F Five (5) year Business Plan as specified in the Agreement !
Preparation for future privatisation 4.7: The Operation phase should include the following deliverables: .

Operations management and control 1 .

Management and Reporting 2.

Security , Service Assurance 1 .

Service quality management 2.

Problem management 3.

Service and Resource Restoration 4.

Maintenance 5.

On-site restoration, maintenance and repair 6.

Resource data collection and control 7.

Spare parts handling 8.

Vendor support management 9.

Deppyment of system updates 10.


Configuration control and inventory management Service Provisioning B 1.

2.

3. illing 1.

2.

3.

4.

Service and resource configuration(of and-user service) Roaming and interconnect lawful interception Billing platform operation Billing invoice production Billing Maintenance Billing regulatory requirements !

Applying of pre-approved SLA & WLA pre-approved with Operator.
4.8: Transfer The Manager will be also responsible to undertake the management transfer including but not limited to the following activities: i Accounting. )

Project Records:.

Network Built record documents (from as-built information) .

Product warranties ' Special warranties and contractor warranties .
Cerlificate of operation and ()ther government permits Documentation for operator ffi 52 ( Sierra Leone Telecommunications Compo ny Limited Monooement Aorccmcnf ) lnspections > Start of correction period ) Contracting with suppliers or service organisations to ensure that necessary r resources flow into the network.

4.9: The Manager will be responsible for SIERRATEL service quality in both aspects quality control and quality assurance: .
Quality Assurance Procedures to assure the quality implementation per each .

Quality control Procedures to measure and report the quality and performance and every part of the network.

of the network.
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paau qfrqm srageu lua6rn ssnlsrp ol arllou rnoq (orq-,{quanas) Zl p qllM 'palrnbar Jalauaq^ 'dfN lo/pue l3I\fdUlIS qlira '6upaau Arua6raua ue roJ llel {eu ra6eue4 aq1 '6 8S aalllu.ll.uo] 6ur.raa15 aql Jo salnurur aql 6ulpro)al JoJ alqrsuodsar aq lirM ra6eueN aql 8'8s 'arnleu6rs pue ;eno:dde JoJ uiaql 6uqelnrrrr ;o pue s6uqaau luawaaJDV luawaDDuDw palw!1 tuDdwoJ suotlDltunwwnapl auoa.I DJJa1S Sierra Leone Telecommunications Company Limited Manooement Aoreement SCHEDULE 9 Curriculum Vitae (CV) List of Key Management Personnel - Inciuding SCHEDULE 9A will de deployed AS ATTACHED Deployment Plan - details of when Management staff ffi c4 6 Sierra Leone Telecommunications Company Limited SCHEDULE 1O Manager (MDIC) oFFER DATED 31sr MARCH 2011 (as enclosed in the bid document and subject to negotiation) AS ATTACHED ii Sierra Leone Telecommunications Company Limited Monoocmcnt AorcPmPnt SCHEDULE 11 REQUEST FOR PROPOSAL (RFP) DATED 22ND FEBRUARY 2011 D fllreL* COPY Submission of Technical Proposal To Management Contract of Sierratel \ response to NCP/Sierratel RFP t For The anagement Contract of Sierratel Tender No: NCP/Sierratel/ I 007 Dated March 31,,201-1, Management & Development International Company (MDI Ref : MDIQ[1 oo72/BPM/ AR/ cf ft .0 Date: March 31,2017 Distribution: Confidential Cr*&f V"{,- a-l- 6 NAL COMPANY I NIE Financial proposal Date: March 31, 2011 ICB No: Invitation for Bid No: NCP/RFP/07 To: The National Commission for Privatization We tJ.e undersigned, declare that: (a) The price of our Bid for the services over three years period of the Management Contract, excluding any discounts offered in item (b) is the sum of: - 2.8 Million USD for year 1.
2.5 Million USD for year 2. and 2.4 Million USD for vear 3. or $7.E Million USD {Seven Million eht Thousand United State Dollars) Corresnondine to the Fixed Fee of three vears.

(as per MDIC Proposal - Financial Section) (b) The discounts offered and the methodology for their application are: Negotiable following conIirmation of the assumptions used in the Scope of Work and in the Financial Section of MDIC Proposal.

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Taration- Invoicing 4 5 5 5 er.

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1, xSa A INl-ROt}UCTiON The following price quotation is provided to cover the Scope of Work as detailed in the proposal tully referenced MDIC / 77OO72/ AR/d/7.0.

Subiect to contract, MDIC shall provide management sewices and deliverables to Sierratel as described in the above referenced document.
The following will apply: 1 Appropriate MDIC peronnel shall be provided for the provision of the management sewices in order to ensure that the objectives and milestones are met, as per the number of staff identified in the proposal.
''l Three to four weeks will be required to rnobilize the MDIC team from the date of signing a letter of intent or contsact between Sierratel and MDIC- In the next section MDIC will be presenting the pricing scheme that is usually adopted with other operators for management conEacts.

Our professional fees are based on t}le tirrre spent, the skill and experience of the team members involved in the assigrunent, and our commitrnent to develop our presence in Sierra Leon.
Out fee is also based on our view of the scope and incorporates the fact that we can leverage our existing lqowledge of our presence in Africa, simi.lar previous work done and our previous experience of performing sinilar assignmenB in Sierra l€one and in other markets.
The ifformation required on the cost saving strategy as well as the revenue enhancement sbategy MDIC proposes have been proposed ir detail under the Technical Secion - Part 2 - Subsection C. MDIC prides itself on the cost savings and optiur.ization benefits it has achieved for the operations under its management.
In addition MDIC believes that the management solution proposed by MDIC and based on the complementarity of a team in Sierra kone and an expert pool of experts within MDIC core team is t}le most optimal solution in respect of both efficiency aild cost- t'\\ t.i 4 o, - il.D.t'c' li , Prgei/i A 2C1 1 MDIC Ali t'igri s ,ese,1€cr C*nz.i*g lrlr.

ryA* B PIUCING PI{INCIPLES Our pricing for this ptoiect consists of a fixed fee and a variable or incentive fee, as defined hereafter.
It is essential to note that MDIC is open to discuss its fee structure and revise it in accordance with NCP/Sierratel feedback on the assumptiors MDIC used and more specifically on the number of staff it has forecasted, tlough it believes it is the optimal number in resPect of the scope of work defined.

8.1 FIXED l\'tr\N,,\ GEMI N'I' Ir]i]i As stated above, the fixed management fue is related to the team mobilized on the ground to accomplish the work and to the support done by the core team.
The management team will consist of a senior malagement and middle management team, in totat scven people.

The senior team will consist of Chief Executive Officer, Chief Commercial Officer, Chief Technical Officer and Chief Finance Officer; where the middle management team will consist of one finanqial and two technical managers.

The resulting management fee is detailed in Table 1 below.

Table 1: Fixed fee for the nanagement over a period of tfuee years.
Yearly (USD) 2,800,000 2,600,000 2,400,000 I ThreoYears Total (USD) I 7,800,000 Total fixed management fees Seven Million Eieht Hundied and United States DoLlars.

The management fees cover all costs and reasonable expenses of the team of seven people in addition to the support which will be provided remotely by the core seconded to Sie[a l€one; team in MDIC Head Offices.
Also induded in the management fues ale as the short-term missions to Sierra Leone, planned as follows: .4 First year: Total of 80 (eighty) man weeks corsistiag of several trips, each trip lasting around 2 weeks 4 Second year: Total of 60 (sixty) man weeks consisting of several tdps, each trip lasting around 2 weeks 1 Third year: Total of 40 (forty) man weeks consisting of several Eips, each trip lasting around 1 week The decrease in yearly cost reflects the declease in support provided by the core team as well as the reduced number of the short-term missions; due to the incleasing independence of the local $\1 t R/r4 \1.D.1' '4 ?.eftyfi s s tJolr".
Sr team acquired through the knowledge Uansfer mechanisms and on the iob coaching Pto\rided by MDIC.

In case Sierratel requtes additional expatriate ,esources in Sierra lrone, MDIC will discuss with NCP/ Sierratel resulting amendments and agree on the resulthg increase i.lr MDIC fees' 8.2 TNCEN'TIVE FEE The incentive fee will be linked to the KPIs of the operation drat will be agreed on during conEact signature.
The incentive fee will be ten percent (10%) of the gross profit generated by sierratel calculated as t}le gross revenues less variable costs.
On the one hand MDIC is granted the incentive fee if: '1 the agreed KPIs are met or '1 the KPls are partially or not met due to reasorls: { beyond MDICs control such as but not limited to Force Maieure, etc '1 which cannot be attributed to MDIC such as but not limited to the failure by Sierratel Board or shareholders to deliver the required Prerequisites identified in the business plan and mutually agreed upon and finally '1 outside MDICs scope of work oi capacity to deliver due to changes in the labor law, or any other law, disabling MDIC from building its team in relation with tlte proiect needs.
On the other hand, MDIC is prepared to discuss with NCP/Sierratel, during the negotiation of the final contract, pptential penalties to be applied to the fixed management fee as well as the incentive if, and only iI, the KPIs are not met due to reasons dtecdy imputable to MDIC.
FLrrthermore, ir will be aFeed by NcP/Sierratel to comPensate MDIC above and beyond the ten percent (10%) incentive fee for overachievement of the KPIs and this proportionally to the value of the KPls as will be agreed upon muhrally.

8.3 -t;tXA'IION The above fees are calculated exclusive of eny social security conhibution, end of duty indemnities and all taxes in Sierra L€one.

Any such contribution or tax i.e.


: value added taxes, taxes for technical services, orstom and excise duties, sales tax, withholdings, corporate tax, tax on benefits such as housing and trarlsport or any other sort of applicable taxes in SieEa Leone will be added to the above rrvice fees as appropriate.

8.4 INVOICINC The payment of the fixed fees invoices is proposed as foUows ,'\l 4 I , n* Pagt' 5 / 7 (-oo+iry;VA".

a xSx ''!
a xSx ''!

Ten percent (1096) of the fixed yearly fee for the first year will be charged upon contract signature 4 The remaining ninety percent (90%) of the fixed yearly fee will be charged montNy over twelve (12) calendar urontls; i.e.

7.5% per calendar month, invoices for which will be issued in advance on the 1tl day o( each month for the first year.
n For the remaining iwo (2) yea$ 100 percent (100%) of the fixed yearly fee will be charged monthly over twelve (12) calendar months; i.e- 8.34% per calendar month, invoices for which will be issued in advance on the 1.t day of each month.

The payment of the incentive fe,es invoices is proposed as follows: n Folowing confirmation that the KPIs related to each quarter have b€en met, the corresponding quarterly invoice in respect of the incentive fees will be issued for that quarter.
/t In case specific KPIs of a given quarter have not been met but the KPI corresponding to the cunulative values of all KPIs over several corsecutive quarters have been met, MDIC shall be entided to clain the incentive fees for all the quarters, induding those where the KPIs have not been mel Payment of the invoices is subject to our terms and conditions and should be accomplished within a maximum of fifteen (15) days of the date of issue.

4fi 6, ivt.D'l'c' {,.


vrl Page6/7 A 2U 1 MDIC A;l nchle tesaryed C.o,a}lxg \lol"o $*" C ASSUMPTTONS AND DI]PENDI]NCIES The following assumptions and dependencies will Eovern our approach to the wolk undertaken for Sierratel.

They are intended to ensure that Sierratel and MDIC teams are both in a Position to conduct a successful proiecl Additional assunptions and dependencies may be agreed in the couse of the proiect.
4 The Project will be performed mainly in Sierratel's offices in the Republic of Sierra Leone at relevant Sierratel premises.

4 We witl mutually agree a proiect organization and governance structure by the proiect kick- off date.

It is essential to clearly define the authorities granted to MDIC mana8ement and the relationship with Si.erratel Board and the NCP.

The proiect organization and governance will identify clear roles and responsibilities and clear reporting lines.
'1 The availability of funds as per the agreed business plan to finance Sierratel operations wiU be essenhal in order for MDIC to meet its tarSets and KPIs.

Any lack of funds or delay in funding will impact MDIC deliverables and accordhgly MDIC shall not be bound to the agreed upon KPI and shall receive its incentive fees irrespective of whether the KPI were met.
n MDIC performance and capacity to achieve the KPI5 set in the Business Plan proposed and to be agreed upon with NCP/ Sierratel is contingent on several prerequisites dearly defined in the Business Plan and which are outside the control of MDIC.

Any failure in delivering the prerequisites as defined wiu result in entiding MDIC to the incentive fees irrespective of whether the KPI were met.
/t lm-Dediately after the signature of the contract, Sierratel will make available all conkactual documentation, progress reports, financial statements, as well as any record relevant to t]1e proiect to be collected, where possible, soft copies will be provided.

'1 Business, Financial, Commercial, l-egal, Administrative, Human Resources and Tech-nical Information wiII be readily accessible on time.

'', Sierratel is responsible fot providing adequate office facilities.
, Sierratel is responsible for providing all the administrative and logistics support for the expaEiates in respect of work perurits, visas, etc t i 44 t.{ 'a ill.D.1'c' t l'.

:ge 7 i 7 A 2()11 MDIC A h.:ht.

!

e.ervecl Cro.at^g \lrlu.


Request for Proposat (RFP) R.equest for Froposals for the Managememt Contract of the Sierra I-eone Telecommunications Cornpany tr irmited (SIERRATEL) fssrred on: 22"d February 2011 Contracfing Agency: NATTONAL COh{MISSION FOR p[r[vATrsATroN (NCP) Country: REPUELIC OF SItrRRA LEONE lt DISCLAIMER The National Commission for Privatisation (NCP) is charged with facilitating the reform of Sierra Leone Telecommunications Company Ltd (S IERRATEL).
This Request for Proposal (RFP) is being distributed to lhose parties who have been pre- qualified or conditionally pre-qualified to bid for the Management Contract of SIERRATEL, purchased the bidding documents and signed the Confidentiality Agreement. ''
Neither the Government of Sierra Leone (GoSL), SIERRATEL, NCP, nor its transaction advisers warrant the accuracy or completeness of the information presented herein, nor make any representation that the information presented herein constitutes all the information necessary to bid upon or develop the referenced transaction.

Each Bidder accepts full responsibility for conducting an independent analysis of the feasibility of tlre project and for gathering and presenting all necessary information.
Each Bidder assumes all risks associated with the project and no adjustments will be made based on the Bidder's interpretation of the information provided.

The GoSL, the NCP, SIERRATEL and the transaction advisers expressly disallow any obligation or duty (whether in contract, tort or otherwise) to any Bidder.

No Bidder is entitled to rely on the transaction adviser's involvement in the preparation of this RFP or in the solicitation process as a basis for bidding upon or developing the project.
All information submitted in response to the lnvitation becomes the property of SIERRATEL and the NCP.

ln subpitting information in response to the RFP, each Bidder certifies that it understands, accepts and agrees to these disclaimers.

Nothing contained in any other provision of the RFP, nor any statements made orally or in writing by any person or party, shall have the effect of negating or superseding any of tlre foregoing disclaimers.
?- Standard Bidding Document Table of Contents A: Request for Proposal (RFP) - lnvitation to Bidders B: General lnformation and lnstructions to Bidders 8.1 : - Definitions 8.2: - Criteria - Calibre of lnvestor Sought 8.3: - Changes to Mqmbers of the Bidder 8.4: - Cost of Preparing the Proposal B.5: - Written Correspondence 8.6: .- Return of lnformation 8.7: - Clarifications B.B: - Amendments 8.9: - Selection Criteria and Award 8.

10: - Disclaimers Secliorr ll.

Bid Data Sheet..

Section lll.


Evaluation and Qualification Criteria....... 1 7 2S 33 PART 2 -Employer's Requira:ments Section Vl.

Employer's Requirements ....................... 17 17' '' !aj l t;t1,,,.\.tl: .\iit, i.t i tt-:tr..,-,t1t I t|'!tn:l- .\ttiit)tt,lll t't t".

'\-'i,ttt lrtt J'ti:t;ri:,ttt:t ): l1!,,;it- t lll I I A: INVITATION TO BIDDERS REQUEST FOR PROPOSAL 1 ?.

1 4 The Government of Sierra Leone.


(GoSL) has embarked upon a Business Reform Strategy programme of SIERRATEL with the objective of improving the efficiency, productivity, customer service delivery, capacity building and overall financial and operational performance of SIERRATEL.
As part of this strategy, the Government has decided to transfer the day to day management, operations and maintenance and long term business planning to a private Telecommunication Service Provider and/or Management Company with business and finance transformation experience.
The National Commission for Privatisalion (NCP) invites interested pie-qualified Bidders to make fully-priced Proposals for the MANAGEMENT CONTRACT OF SIERRATEL Bidders should review the entire RFP and prepare their Proposals in strict compliance therewith.

All Proposals must be accompanied by a Bid Bond, in the form of an ondemand payment bond payable upon presentation in Sierra Leone for no less than US$ 50,000 (Fifty thousand United States dollars).
The Proposal, together with the Bid Bond, must be delivered to: The Chairman National Commission for Privatisation l-otto House, OAU.

Drive, Tower Hill, Freetown, Sierra Leone The cleadline for receipt of Proposals is 12:00 hours (Freetown local time) on Monday 21"t March 20'l 1 q GENERAL INFORMATION AND INSTRUCTIONS TO BIDDERS B,I.
DEFINITIONS ln this Request for Proposal, all capitalised words and expressions shall have the same meaning as in the [Vlanagement Contract; except to the extent the context otherwise requires: ""Authorised Representative" means a persbn nominated by the Bidder to act as its point of contact with the NCP for all matters relating to the RFP; '"Bidders" means those firms, partnerships, joint ventures, corporations or consortia who have paid the registration fee and propose to bid for the transaction- This definition irrcludes bidders who have either been: (a)fully pre-qualified prior to the date of issue of this RFP; or (b) conditionally pre-qualified prior to the date of issue of this RFP and have fully pre- qualifled by the deadline specified "Bitlding Documents" means: (a) this RFP; (h) (c) the lnformation fr/lentorandum accompanying this RFP; the Man3gement Contract accompanying this RFP.
"Management Contract" shall have the meaning set out in the Agreement; "SIERRATEL' Sierra Leone Telecommunications Company Limited; (Operator) "NCP" means the National Commission for Privatisation; (Conlracting Agency) "GoSL" means the Government of Sierra Leone; "JVA" means Joint Venture Agreement "lTB" means lnstructions to Bidders "BDS" means Bid Data Sheet "Tralrsaction Process" means the process for selecting the Management tlontractor, including each of tlre Bid Process Events "Preferred Bidder" means tlre bicider wlrose Technical and Financial Proposal is the rrrost responsive in te;rrs of technical capabiiity and financial value to the GoSL: "itFP'" means coilectively, all the covenants, terms anrj ccrrditions cont€iined <l,,cr rr;rcni, incltrtjing llle aDpencic:s: in this { Section I.
Invitation for Bids INFORMATION MEMORANBUM Background information about the Transaction is set out in the lnformatiorr Memorarrdum, which is provided to Bidclers along vrith this RFP.
8.2: Criteria: Calibre of lnvestor Sought SIERRATEL is seeking Management Contractor that has: (a) the lvlanagerial and Technical capability to undertake the management contract, ,wilh proven experience in the strategic and operational management and technical competency in managing a telecoms institution or similar large corporations (b) a good reputation and lnternational experience in successfully managing enterprises through management contracts,and achieving the stated objectives (c) Leading and managing change process within large institutions (cl) Proven tracl< record in developing business turnaround solutions and innovative technolog'ies to improve business performance (e) no un-declared financial or other relationships with any member of NCP, SIERRATEL, or the GoSL, or with any Consultants employed by them on this assignment, who would be in a position to influence the outcome of the bidding process.
(f) the company or consortium must not have any conflicts of interest which would prevent them lrom acting in the interests of the Government of Sierra Leone, and providing efficient common-user handling services in a non-discriminatory manner.
Ll.3: Changes to Members of a Bidder (a)A fuily pre-qualified Bidder may not add, delete or substitute its constituent members (or alter the responsibilities for specified functions of individual members which rnay have been allocated by the Bidder during prequalification) without the prior written approval of the NCP, which will only be granted if the Bidder, in the discretion of the NCP.

continues to meet the conditions for selection which were used in the prequalification stage.
Any such addition, deletion or substitution wiil be at the risk of the relevant Bidder and should be submitted to NCP by 4th March 2011 in order to allow for verification of their eligibiiity for full prequalification.

Failure to comply with this provision may result in disqualification.
(b)A firlly pre-qualified bidder may establish a new legal eniity or entities that will take on lhe position of a p:re-qualified tlidder provided that: (i) tl)e rlew legal entity/enlitier fuiil ii-ie e qualifit:at;oti criterie a:j sel ni.f ilr paracJraph 8.2 ancl tiii lllc NCP lias lli\/t.

)t, !l:; itrict ,r.

'!


!.ti eLp!o,/tti t, Section l. Invitation for Bids 8.4: Cost of Preparing Proposal 3 tsidders shall bear all costs associa h the preparation and submission of their Proposals and the finalisation and execution of the necessary agreements.

The NCP and its advisors will in no case be responsible or liable for these costs, regardless of the corrduct or outcome of the evaluation process.
8.5: WrittenCorrespondence All written correspondence from Bidders to the NCP shall be addressed as follows: l'he Chairman National Commission for Privatisation Lotto House, OAU Drive, Tower Hill, Freetown, Sierra Leone All correspondence should be clearly marked: "Management Contract SIERRATEL".
El.6: Return of lnformation 'l'he NCP and the Government reserve the right, in their absolute discretion, to:require the rehrrn of all written information or other information in tangible form which has been provided to any Bidder (or any of its advisers) by or on behalf of the Government, NCP, SIERRATEL or any of their respective advisers or consultants.

lf so requested, the Bidder shall promptly return any and all such information, together with any copies it has nrade of such information.
ts.7': Clarifications (a) Any Bidder requiring clarification of the F.FP must notify NCP in writing in accordance with paragraph 3.2 above.

The latest date for receipt of requests for clarification shall be no later than 4rh March 2011.

NCP will respond in writing to requests for clarification not later than 1Ort'of March 201 1.

(l) A reply in the form of a circular letter or addendum will be distributed to all Bidders to v,rhonr this RFP has been issued.
B.B: Amendments (a) At any time prior to the Proposal Submission Date, the NCP may issue addenda In writing to all Bidders to whom the RFP has been iss'ued which may delete, modify, or extend any part of the RFP (including, for the avoidance of doubt, any of the forlns, agreements and other attachments thereto).

The receipt of an addendum l:y a Bidder shall be acknowledged promptly in writing by facsimile or letter and so rroted in the Biddels Proposal.
A Bidder's late receipt of any addendum or failure 1o acknowledge the receipt of arry addendum shall not relieve the Bidder of being trorrnd by such addendunt (h) !n orrJer to afford Bidders reasonable time in which to take a clarification or alrrenCment inlo accoLrrti 11 i,repanng tneir Proposais.

the NCP may, at its rliscrelior].

exterrci lhe Prolrosai Slibmissicn Date;n acccrdance wilh sectionT \i:,,!

I'!','!'||.\tt.

'\:t j.-L!).

!ttt1,:,<t,t'rttt ( ,t:trtttl- 't:t,.,),taat!:lttt::-\\tttttlttri'r!'.
]lrt-t::tttt,t:ILlt2itii 4 Section I.

Invitation for Bids Il.e: SELECTIoN CRITERIA AND AWARD U.9.1 : The Government will (in its sole.

discretion) select as the preferred Bidder, the Bidder who is considered the most responsive based on both the technical and financial evaluations.
8.9.2: Notwithstanding paragraph 8.9.1 above, the NCP reserves the right in its sole and absolute discretion to accept or reject any Proposal, to waive minor informalities in Proposals received, and to annul the RFP process and reject all Proposals at any time lrrior to award and signing of the contract without thereby incurring any liability to the affected Bidders or any obligation to inform the affected Bidders of the grounds or the NCP's action.
8.10: DISCLAIMERS ln submitting a Proposal, each Bidder specifically acknowledges the procedures and disclaimers described in this RFP.

3 Eligible Bidders 3 4.

Eligible Management Services Contents of Bidding Document.....

Sections of Bidding Document 5.

6.

Clarification of Bidding Document, Site Visit, Pre-Bid Meeting 7 .

Amendment of Bidding Dbcument l-5 7 B '10 10 10 11 12 12 12 B.

Cost of Bidding ... 9.

Language of Bid.. 10.

Documents Comprising the Bid 11. Business Plan 12.


Letter of Bid and Schedules 14 13.

Documents Establishing the Eligibility of the Management Services...... 14 14.

Documents Establislring the Eligibility and Qualifications of the Bidder... 14 15.

Documents establishing conformity of the Management Services ...........14 16.

Bid Prices and Discounts ........................... 15 'l7 .

Currencies pf Bid and Payment 18.

Period of Validity of Bids 1S.'

Bid Security 20.


Format and Signing of Bid..... 16 't6 12 16 14 1B Submission and Opening of Bids 21.

Submission, Sealing and Marking of Bids............ 22.

Deadline for Submission of Bids...... 23.

Late Bids... 24.

Withdrawal, Substitution, and Modification of Bids 25.

Bid Opening... Evaliration and Comparison of Bitls 26.
27. ,) ll 29 :ti) .-\ i -1,': Confidentiality Clarification of 8ids............ l)eviations, lleservations, and Omissions [)elermination of [.lesponsrveness ...........

I'lonnrateria!

Nonconformilies ... .

-......

-,.,..

{lorlection o{ Artlhrrretical Erroi'r.... .. ....... f. r';r'.rersiorr lo Iiirig;ir: Ctrrrerrcy 1B 1B 19 19 19 20 21 21 21 21 zz 11 2'3 q l-6 34 35 .Ju J' Margin of Preference ........, Evaluation of Bids............

Comparison of Bids ...........


Eligibility and Qualification of the Bidder.........-..............:........,..

Employer's Right to Accept Any Bid, and to Reject Any or All Bids.........

Section I. lnstructions to Bidders 23 .ra 38.

Award Criteria .)

v. 40.

41.

25 25 25 26 9,1 Section L InslructioDs to Bidders t-7 Section l. lnstructions to Bidders ' General {.

Scope of Bid 2.
Scope of Bid 2.

-Fraud and Corruption 1.1 ln connection with the lnvitation for Bids indicated in the Bid Data Sheet (BDS), the Contracting Agency (NCP), as indicated in the BDS, issues this Bidding Document for the procurement of Management Services of Sierratel (the Operator) specified in Section Vl, Employer's Requirements.

The name, identification, and number of the lnternational Competitive Bidding (lCB) are provided in the BDS.
1.2 Unless otherwise stated, throughout this Bidding Document definitions and interpretations shall be as prescribed in the General Conditions Section.

2.1 lt is required that Bidders, Contractors, and Consultants under Management Contract, bbserve the highest slandard of ethics during the procurement and execution of such contracts.

ln pursuit of this policy, the National Commission for Privatisation (NCP) .
(a) deflnes, for the purposes of this provision, the terms set forth below as follows: (i) "corrupt practice"l is the offering, giving, receiving or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party; (ii) "frauclulent practice"2 is any act or omission, including a misrepresentation, that knowingly or recl<lessly misleads, or aftempts to mislead, a party lo obtain a financial or other benefit or to avoid an obligation; .
(iii) "collusive practice"3 is an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party; (iv) "coercive practice"a is impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party | ,.Auorirer |ar-{y" r.efer s ro a public officiai actirrg irr rellltion lo ihe procurement process or coDtract executionl- : r\ ,.pa:ty" Iclets to a put)lic olficiall (he telnr-s "i:encfif'and "ob]iSaiiori'relate to ihe procurenre[t Process or cortr3ct rr!rd (hc "act or onlis,sion" is iflten(le!l l(' inl:'le,rce the procuremert proc€ss or confact exec'Jtion.
"^-,,,,,,1,or,, ; r ilicirr j, rrrrrr rorrlciitivc: !cvels.

': A ''!r,rriy- tl irs trr it l)ilr'.rcil)irlrt iN ili,'rltt)rlrrlir'"'ilt tl'rcc!s oi cc4:r:]aI 5\tttjlloll .1, t-8 3.
Eligible Bidders Section I. hstructions to Bidders to influence improperly the actions of a party; (v) "obstructive practice" is deliberately destroying, falsifying, altering or concealing of evidence material to the - investigation or making false statements to investigators in order to materially impede an investigation into allegations of a corrupt, fraudulent, coercive or collusive practice; and/or threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; (b) will reject a proposal for award if it determines that the Bidder recommended for award has, directly or through an agent, engaged.in corrupt, fraudulent, collusive, coercive or obdiructive practices in competing for the contract in question; 2.2 Furthermore, Bidders shall be aware of the provision stated in the General Conditions section 2.2 3.1 A Bidder may be a private entity or a government-owned entity-subject to ITB 3.5-or any combination of such entities in the form of a joint venture, or association (JVA) under an existing agreement or with the intent to enter into such an agreement supported by a letter of intent.
ln the case of a joint venture or association: (a) unless otherwise specified in the BDS, all partners shall be jointly -and severally liable for the execution of the Contract in accordance with the Contract terms, and (b) the JVA shall nominate a Representative who shall have the authority to conduct all business for and on behalf of any and all the partners of the JVA, during the bidding process and, in the event the JVA is awarded the Contract, during contract execution.

.
3.2 A Bidder shall demonstrate that it, or if a JVA one of its members (i) Has the managerial and technical capability to undertake the contract (iD has a good, international experience and has beerr successfully managing telecommu n ications networks in various countries, one of rryhich is in Africa (liir proven track record in cleveloping business tr.trn, lroun.i sc;itrlioris and innovative Section l. Instnrctio$ !o Biddel.s l-9 technologies to improve performance it is serving cumulatively those subscribers which have generated revenues to the operators ., _"^'.
the management contracts used as a reference shall have been in effect for more than two years at least.

,, A Bidder shall not have a conflict of interest.

All Bidders found to have a conflict of interest shall be disqualified.
A Bidder may be considered to have a conflict of interest with one or more parties in this bidding process, if : (a) they have a controlling partner in common; or (b) they receive oi have received any direct or indirect subsidy from any of them;,61 (c) they have the same legal representative for ' purposes of this bid; or (d) they have a relationship with each other, directly or through common third parties, that puts them in a position to have access to information about or influence on the bid of .another Bidder, or influence ' , the decisiohs of the Employer regarding this bidding process; or (e) a Bidder submits more than one bid in this bidding process, either individually or as a partner in a joint ventuie.
This will result in the disqualification of all such bids.

(0 a Bidder or any of its affiliates participated as a consultant in the preparation of the design or technical specifications of the Management Services that are the subject of the bid.

3.4 A firm that is under a declaration of ineligibility by the Contracting Agency in accordance with ITB 19.7, at the date of the deadline for bid submission or thereafter, shall be disqualified.
3.5 Government-owned entities in Sierra Leone shall be eligible only if they can establish that they (i) are legally and financially autonomous, (ii) operate under the principles of commercial law, and (iii) are not dependent agencies of the Employer.

, 3.6 Biclders slrall l rovide such evidence of their continued eligibility satisfactory to the Ernployer, as the Employer shall reasonably request.

!
!

:til)tctt./t,r l,tt,loJul: Sicrrnlel iilt tni:( rcll ( tnlrocl - Ntttiontl Cotttttissiot, Jot l'tit,ttlitaliotr: Leb 201 I I t-(0 ln case a prequalification pr prior to the bldding process, prequalified Bidders.

3.8 Firms shall be excluded if: Section I. lnstructions to Bidders ocess has been conducted this bidding is open only to (a) as a matter of law or official regulation, Sierra Leone prohibits commercial relations with that country, 4.

Eligible 4.1 .Management, {iervices The Management Services.
to be supplied under the Contract shall be provided by qualified resource persons with the proper expertise in the area to which they are assigned.

5.

Sections of Bidding Document For purposes of ITB 4.1 above, 'proper expertise" shall be evaluated from the Cuniculum Vitae of the senior management team communicated by the Bidder, noting that the Employer may fequest the replacement of an ,' assigned resource person in case they are deemed not' to deliver the proper performance. '
Contents of Bidding Document The Bidding Document consists of Parts 1, 2, and 3, which include all the Sections indicated below, and ihould be read in conjunction with any Addenda issued in accordance with 7.

PART'l BiddingProcedures :' , o Section l. lnstructions to Bidders (lTB) .

Section ll.

Bid Data Sheet (BDS) .

Section lll.

Evaluation and Qualification Criteria .

Section IV.

Bidding Forms .

Section V. Eligible Countries PART 2 Employer's Requirements .

SectionVl.
SectionVl.

Employer's Requirements PART 3 Conditions of Contract.and Contract Forms .

Section Vll.

General Conditions (GC) .

Section Vlll.

Contract Forms 5.2 The lnvitation for Bids issued by the Employer is not part of the Bidding Document.

5.3 The Ernployer is not responsible for the completeness of lhe Bidding Document and its addenda, if they were not ot)tained direr:tly from the source stated by the Employer Section I. Instructiotrs to Bidders t-11 in the lnvitation for Bids.

6.
6.

Clarification of 6.1 Bidding Document, Site Visit, Pre-Bid Meeting 5.4 The Bidder is expected to examine all instructions, forms, terms, and specifications in the Bidding Document.

Failure to furriish all information or documentation required by the Bidding Document may result in the rejection of the bid.
A prospective Bidder reouiring any clarification of the Bidding Document shall contact the Employer in writing at{he Emplqyer's address indicated in the BDS or raise his enquiries during the pre-bid meeting if provided for in accordance with ITB 6.4.

The Employer will respond to any request for clarification, provided that such request is received no later than fifteen (15) days prior to the deadline for submission of bids.
The Employer's response shall be in writing with copies to all Bidders who have acquired the Bidding Document in accordance with ITB 5.3, including a description of the inquiry but without identifying its source.

Should the Employer deem it necessary to amend the Bidding Documeni as a result of a request for clariflcation, it shall do so following , the procedure under ITB 7 and ffB 22.2.
6.2 6.3 6-4 6.5 The Bidder is advised to perform a due difigence of Sierratel, a'survey.of the telecommunications market in Sierra Leone arid obtain for itself on its own responsibility all information that may be necessary for preparing the bid and entering into a contract for thts provision of Management Seryices.

The costs of due diligence and data collgction shall be at the Bidder's own expense.
The Bidder and any of its personnel or agents will be granted permission by the Employer to enter upon the Operators premises and lands for the purpose of such visit, but only upon the express condition that the Bidder, its personnel, and agents will release and indemnify the Employer, Operator and its personnel and agents from and against all liability in respect thereof, and will be responsible for death or personal injury, loss'bf or damage to property, and any other loss, damage, costs, and expenses incurred as a result of the inspection.
The Bitlder's designated representative is invited to attend a pre-bid meeting, if provided for in the BDS.

'l-he purpose of the meeting will be to clarify issues and to answer questions on any matter that may be raised at that slage.

The Bidder is requested, as far as possible, to submit any questions in wriling, to reach the Employer not later than one raieek before the meeting.

6.6 lVlinutes of the pre-bid rreeting.


including the text of the kt4a dl _l t'rolroslt i: Siuru leL'.1o iEernefil t:ottlttrcl -' Noriortul Colttntistiun Jbt Prirotisolion: Feb 201 I tf t-t7 Section I. Instsuctions to Bidders questions raised without identlfying the source, and the responses given, together with any responses prepared after the meeting, will be lransmitted promptly to all Bidders who have acquired the Bidding Document in accordance with t'Its '5.3.
Any modification to the Bidding Document that may become necessary as a iesult of the pre-bid meeting shall be made by the Employer exclusively through the issue of an Addendum pursuant to lTB 7 and not through the minutes of the pre-bid meeting.

6.7 None attendance at the pre-bid meeting will not be a cause for disqualification of a Bidder.

7.

Amendment of 7.1 Bidding Docurnent At any time prior to the deadline for submission of.

bids, the Employer may amend the Bidding Document by issuing addenda.
7,2 Any addendum issued shall be part of the Bidding Document and shall be communicated in writing to all rjvho have obtained the Bidding Document from the Employer in accordance with ITB 5.3.
7.3 To give prospectiv6 Bidders reasonable time in rr.rhich to take an addendum into account in preparing their bids, the Employer may, at its discretion, extend the deadline for the submission of bids, pursuant to ITB 22.2 Preparation of Bids 8.1 The Bidder shall bear all costs associated wittr the preparation and submission of its Bid, and the Emprloyer shall not be responsible or liable for those costr!, regardless of the conduct or outcome of the biddingl process.
r' 9.1 The Bid, as well as all correspondence and docuntents relating to the bid exchanged by the Bidder and the Employer, shall be written in the language specifietl in the BDS.

Supporting documents and printed literature that are part of the Bid may be in another langua ge provided they are accompanied by an accura,te translation of the relevant passages in the languagp specified in the BDS, in which case, for purposes of interpretation of the Bid, such translation shall govern.
l0.l The Bid submitted by the Bidder shall comprise of three files (A, B, C) as follows: A.

General (a) (t ) Letter of Bid Bid Security or Bid Securing Declaration, in accord.rnce with ITB 19; (c) 'l-ransrnittal letter - vvritten confirmation authorising B.

Cost of Bidding 9.

Language of Bid 10.
Documents Comprising the Bid t9 SectioD I. IDstructiors to Bidd€rs t-13 the signatory of the Bid to commit the Bidder, in accordance with ITB 20.2; documentary evidence in accordance with ITB 2.2 and ITB 14 establishing the Bidder's eligibility and qualifications to perform the contract if its Bid is accepted; documentary evidence established in accordance with ITB 3 and ITB 13.1 that the Manag6ment Services offered by the Bidder in its bid or in any alternative bid, if permifted, are eligible: (D documentary evidence established in accordance with ITB 15 that the Management Services offered by.the Bidder conform to the Bidding Document; ' (S) in the case of a bid submitted by a JVA, JVA' agreement, or letter.
of intent to enter into a JVA including a draft agreement; and (h) any other document required in the BDS.

B.

Technical (a) Completed schedules as required, including Price Schedules, in accordance with ITB 12 and 16; (b) Due Diligence results " ,, (d) Strategy definition (e) Business plan for 5 years including: i.

Projected cashflow statement and balance sheet ii.

lnvestment required by Sierratel over the five year period iii.

Management fees and expenses iv.

Subscribersforecast v. Market slrare vi.


Operating expenses vii.

Capital expenditures viii.

Staffing Plan ix.

Projectecl cashflow statemeni and '' ,i. balance sheet x. llealth and Safety lir.itt.

!sl.lir l>r{,Dos..l: Sicrrolel II nogenrc!l Contucl - Nurionui Conuissio,t /u ltrivutisuion: feb 20Il l-14 Section I.
Instructions to Bidders C. Flnancial (a) Management fee over the three years (b) Cost saving stralegy to achieve efficiency gains (c) Strategy to enhance income generation of Sierratel 11.1 The Bidder shall clearly describe the proposed organisation for Sierratel and provide details on the .

expatriate resources which will be used including the duration of their assignment, the position they will be occupying.
11.2 1 1.3 The Bidder shall also develop the support that the expatriate team assigned to the Operator will receive from the Bidder's organisation staff and how that would enable the Bidder to perform its obligations better.

The Business Plan prepared by the Bidder shall be binding on tlre Bidder, in case he is awarded the Contract.

The Bidder should clearly specify in his offer the external dependencies which may affect the' ferecasls:and projections submitted in his offer.
l2.l The Bidder shall complete the Letter of Bid, including the appropriate Price Schedules, using the relevant forms furnished in Section lV, Bidding Forms.

The forms must be completed as instructed in each form.

13.1 To establislr the eligibility of the Management Services in accordance with Clause 4, Bidders shall provide the Curriculum Vitae of the senior management staff they intend to assign to Sienatel up to the final year of the Contract with all details or their previous expertise.
14.1 To establish its eligibility and qualifications to perform the Contract in accordance with ITB Clause 2.2 and Section lll, Evaluation and Qualification Criteria, the Bidder shall provide the requested certificates from the operators managed by the Bidder, signed by an authorised representative from the Bidder, specifying the number of subscribers of such operators and confirming that the Bidder has been managing the operations for a period of more the two years.
Bidders shall provide for each reference a contact person and his coordinates.

14.2 Domestic Bidders, individually or in joint ventures, applying for eligibility for domestic preference shall supply all in{ormation required to satisfy the criteria for eligibility as clescribed in ITB 33.

15.1 The Bidder shall furnish the information stipulated in Section lV.

in sufficient detail to demonstrate substantial rcspcnsivene.ss of the Bidders' proposal to the work 11. Business Plan {2.
Letter of Bid and Schedules 13.

Documents Establishing thq EligibilitY of the Management Services '14.

Documents Estahlishing the EligibilitY and Qualifications of the Bidder '[ 5.

Documents esrablishing cot'rformilY of lhe t'r Section I. Insfirctions to Bidders l-l5 Management Services 16.

Bid Prices and Discounts requirernents and the completion time.

15.2 The Bidder shall be responsible for ensuring that any Subcgntractor proposed complies with the requirements of ITB 3, and that.
the-services to be provided by the Subcontractor comply with the requirements of ITB 4 and ITB 14.1 16.1 Unless othenvise specified in the BDS, Bidders shall quote for the entire Management Services on a "single responsibility" basis such that the total bid price covers all-the Contractor's obligationq mentioned in or to be reasonably.
inferred from the' bidding document in respect of all requiremehts under thp Contractor's responsibilities for managing the network where so required by the bidding document, the acquisition of all permits, approvals and licenses, etc.

; the operation, maintenance and training services.and such other items and sbrvices as may be specified in the Bidding Document, all in accordance with the requirements of the General Conditions.
16.2 Bidders are required to quote the price for the commercial, contractual and other obligations outlined in the bidding document.

16.3 Bidders shall give a breakdown of the prices in the manner and detail called for in the Price Schedules included in Section lV, Bidding Forms.

10.+ ttre prices shall be a combination of fixed and adjustable prices as specified in the BDS.
16.5 In the case of Fixed Price, prices quoted by the Bidder shall be fixed during the Bidder's performance of the contract and not subject to variation on any account.

A .

bid submitted with an adjustable price quotation will be ireated as non responsive and rejected.

16.6 ln the case of Adjustable Price, prices quoted by the Bidder shall be subject to adjustment in accordance with the performance of the Bidder during the execution of the Contract and the results of the Operatoi.
16.7 Bidders wishing to offer any unconditional discount shall specify in their Letter qf Bid the offered discounts and the manner in which price discounts will apply.

16.8 Bidders may be required by the Employer to justify, to the Employer's satisfaction, their local and foreign currency reqtrirements.

16.9 Tlre current editiorr of lncoterms, published by the lnternational Chamber of Commerce shall govern.

tt,,rr!..

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:l ll(lt!,vtntt'ttl ,:ortl!


cl - Nntiofill Co ttttissiott Jhr l'titalitolion: Feb 201J n l-l(r 17, Currencies of Bicl ancl Paymerrt 18.

Period of Validity of Bids 19. tsicl Security Seclion I. Instructioos to Bidders 17.1 The currency (ies) of the bid shall be in US dollars, as specified in the BDS.

18.1 Bids shall remain valid for the period of 120 days after the bid submission deadline date prescribed by the Employer.
A bid valid for a shorter period shall be rejected by the Employer as non responsive.

18.2 ln exceptional circumstances, prior to the expiration of the bid validity period, the Employer may request Bidders to extend the period of vdlidity of their bids.

The request and the responses shall be made in writing.
lf a bid security is requested in accordance with ITB 19, the Bidder granting the request shall also extend the bid security for twenty-eight (28) days beyond the deadline of the extended validity period.

A Bidder may refuse the request without forfeiting its bid security.

A Bidder granting the request shall not be required or permitted to ,modify its bid, except as provlded in ITB 18.3.
18.3 ln the case of fixed price contracts, if the award is delayed by a period exceeding tifty-six (56) days beyond the expiry of the initial bid validity, the Contract price shall be adjusted by a factor or factors specified in the request for extension.

Bid evaluation shall be based on the Bid Price without taking into consideration the above correction.
l9.l The Bidder shall furnish as part of its bid, either a Bid- Securing Declaration or a bid security as specified in tlre BDS, in original form and in the amount specified in the BDS.

19.2 A Bid-Securing Declaration shall use the form included in Section lV Bidding Forms.
19.3 lf a bid security is specified pursuant to ITB 19.1, the bid security shall be a demand guarantee in any of the following fonns at the Bidder's option: (a) an unconditional guarantee issued by a bank or ' surety: (t, a cashier's or certified cheque; or (c) another security indicated in the BDS, fionr a reputable source from an eligible country.

lf the uncorrclitional guarantee is issued by an irrsurance !

::on"tpany o'a bonding co,rlpeiny located oulside the !r'r!rDio.,,e!
's Country, !l-)e i;suer shall ..ave a i:orresrror.lri )a;l {iri;inctal rngtiltttir:n iccatFrr-i in lhe Section I. Instfuctions ro Bidders .

1-17 Employe/s Country to make it enforceable.

ln the case of a bank guarantee, the bid security shall be submitted either using the Bid Security Form included in Section lV, Bidding Forms or in another substantially similar format approved by the Employer prior to bid submission provided it is confirmed by a bank in the Employefs Country.
ln either pase, the form must include the complete name of the Bidder.

The bid security shall be valid for twenty-eight days (28) beyond the original validity period of the bid, or beyond any period of extension if requested under ITB 182.

19.4 The bid security of the successful Bidder shall be returned as promptly as possible once the successful Bidder has signed the Contract and furnished the required performance sbcurity.
19.5 The bid security may be forfeited or the Bid-Securing Declaration executed: (a) if a Bidder withdraws its bid during the period of bid validity specified by the Bidder on the Letter of Bid or (b) if the successful Bidder fails to: (i) sign the Contract in accordance with ITB 40; or (ii) furnish a performance security in accordance with ITB 41. "

19.6 The Bid Security or the Bid Securing Declaration of a JVA slrall be in the name of the JVA that submits the bid.
lf the JVA has not been legally constituted into a legally enforceable JVA at the time of bidding, the Bid Security oi' the Bid Securing Declaration shall be in the names of all future partners as named in the letter of intent referred to in ITB 3.1.

19.1 lf a Bid-Securing Declaration is executed in accordance with ITB 19.5, the Employer will declare the Bidder ineligible to be awarded a contract by the Employer for the period of time stated in the Form of Bid-Securing Declaration.
l9.ti lf a bid security is not required in the BDS, and (a) if a Bidder withdraws its bid during the period of bid validity specified by the Bidder on the Letter of Bici Form, except as provided in ITB '18.2, or (b) if the successiul Bidder fails to: sign the Conkact irr alcordarrr:e with ITB 40; or furnish a perforrnance security irr accordance witl'r l-lB 41; ihe Iiorrovv,rr may.

r, provi(.k:d for in tlre BDS.


Ceciare ilre {liticier,Jrsciualiireci t() i-,e av'/a,ceal .r conlrarc;l bV llre \,,t:- :-,it,--t t,'t.

t ,ltit , LJ l-r8 20.

Format and Signing of Bid 21.

Submission, Sealing and Marking of Elids Employer for a period of time as stated in the BDS.

Section I.

Instructions to Bidders 20.1 The Bidder shall prepare one original of the documents comprising the bid as described in ITB 10 and clearly mark it "ORIGINAL.'.
ln addition, the Bidder shall submit copies of the bid, in the number specified in the BDS and clearly mark them "CoPY."

ln the event of any discrepancy between the original and the copies, the original shall prevail.

20.2 The original and all copies of the bid shall be typed or written in indelible ink and shall be signed by a person duly authorised to sign on behalf of the Bidder.

This authorisation shall consist of a written confirmation as specified in the BDS and shall be attached to the bid.
The name and position held, by each person signing the authorisation must be typed or printed below the signature.

All pages of the bid where entries or amendments have been made shall be signed or initialled by the person signing the bid.
20.3 A bid submitted by a JVA shall copply with the following requirements: (a) Unless not required in accordance with ITB 3.1 (a), be signed so as to be legally binding on all partners and : (b) lnclude the Representative's authorisation referred to in ITB 3.1 (b), consisting of a power of attorney signed by those legally authorized to sign on behalf of the JVA.

20.4 Any interlineations, erasures, or overuriting shall be valid only if they are signed or initialled by the person signing the bid. '
Submission and Opening of Bids 21.1 Bidders shall submit their bids by mail or by hand, Bidders shall not have the option of submitting their bids electronically although.each bid shall include a soft copy of all documents submitted.
Proc'edures for submission, sealing and marking are as follows: (a) Bidders submitting bids by mail or by hand shall enclose: (i) the General/Technical proposal duly marked as "Or.ilcrNAL" (one copy) and "Copv" (five copies), in separate sealed envelopes and these envelopes containing the original and the col,ies shall then be enclosed in one singie en.,,elo;te.
9'L Section I. Inslructions to Bidders l-19 (ii) the Financial proposal duly marked as "ORlcrNAL" (one copy) and "Copy" (five copies), in separate sealed envelopes and these envelopes containing the original and the copies shall -then be enclosed in one single envelope.

The.rest of the procedure shall be in accordance with ITB sub-Clauses 21 .2 and 21 .3.
(b) The documents stated above (in a(i) and a(ii) shall be presented within one bigger outer envelope wlrich slrall be sealed appropriately (c) Bidders submitting bids electronically shall follow the electronic bid submission procedures specified in the BDS.
2l .2 The inner and outer envelopes shiil: (a) bear tlre name and address of the Bidder; (b) be addressed to the Employer in accordance with tTB 23.1; (c) bear the specific identification of this bidding process indicated in accordance with ITB 1.1; and (d) bear a warning ndt to open before the time and date for bid opening.

21.3 lf all envelopes are not sealed and marked as required, the Employer will assume no responsibility for the misplacement or premature opening of the bid.
22..1 Bids must be received by the Employer at the address and no later than the date and time indicated in the BDS.

22.2 The Employer may, at its discretion, extend the deadline for the submission of bids by amending the Bidding Document in accordance with ITB 7, in which case all 'iights and obligations of the Employer and Bidders previously subject to the deadline shall thereafter be subject to the deadline as extended.
23.1 The Employer shall not consider any bid that arrives after the deaclline for submission of bids, in accordance with ITB 22.

Any-bid received by the Employer after the deadline for submission of bids shall be declared late, rejected, and returned unopened to the Bidder.

22.

Deadline for Submission of Birls 23" La l.e Bicls ?4.
Withdrawal, Substitution, il D{l f.lorlilication of {:l i. l:; 2,i.1 A Bidder may withdrarv, substitute, or modify its bid after it lras been submitted by sencling a written notice, duly sillned by an authorized representative.

and shall irrciude a cot,y of the authorization in accordance with ft i) 20.2.

(ex,:ept that wrllrdra\,.,,ai notices do not require .-lijies).

-l-he :()resp oi rclinrl suosiituticn or nrodi{icaticn .

?-\ l-20 24.2 24.3 25.


Bid Opening 25.1 25.2 Section I. lnstructions to Bidders of the bid must accompany the respective written notice.

All notices must be: (a) prepared and submitted in accordance with ITB 20 and ITB 21 (except that withdrawals notices do not require copies), and in addition, the respective envelopes shall be clearly marked "Wtrrtonewel,' "SuBSITUTtoN," "MoorrrcATlon;" and .

(b) received by the Employer prior to the deadline prescribed for submission of bids, in accordance with ITB 22.
Bids requested to be withdrawn in accordance with ITB 24.1 shall be returned unopened to the Bidders.

No bid may be withdrawn, substituted, or modified in the interval between the deadline for submission of bids and the expiration of the period of bid validity specified by the Bidder on the Lefter of Bid or any extension thereof.

The Employer shall conduct the bid opening in public, in the presence of Bidders' designated representatives and .
anyone who choose to attend, and at the address, date and time specified in the BDS.

Any speciflc electronic bid opening procedures required if eleckonic bidding is permitted in accordance with ITB 21.1, shall be as sBecified in the BDS.

First, envelopes marked "WITHDRAWAL" shall be opened and read out and the envelope with the corresponding bid shall not be opened, but returned to the Bidder.
No bid withdrawal shall be permifted unless the corresponding withdrawal notice contains a' valid authorization to request the withdrawal and is read out at bid opening.

Next, envelopes marked "SuBSTtrurtoN" shall be opened and read out and exchanged with the corresponding bid being substituted, and the substituted bid shall not be opened, but returned to the Bidder.
No bid substitution shall be permitted unless the corresponding substitution notice contains a valid authorization to request the substitution and is read out at bid openirrg.

Envelopes marked "MoDtFtcATtoN" shall be opened and read out with the corresponding bid.

No bid modification shall be permitted unless the corresponding modification notice contains a valid authorization to request the modification and is read out at bid openirrg.
Only bids that are opened and read out at bid opening shall be considered further.

l\!l other er rvelopes shall be opened one at a time, reading oLit: the narle of the Bidder and the Bid Price(s), iricluding ar:-;V 0,""or.,n," at.

:d 'alternative bids.


and ir:r-licalinr; !.,/ relher there js a modification, lhe preser:ce i)r ,ri)sence rf a biri r;ec'.rlt;r ol Bid-Secrrrirrg Declaraticn, i iLi itarT .-,1 :(,r r:l€jl:: lsr :r:, ll,r, i'-i',\',a, ie' rrlay a!r rsrLiei' Lq Section L lnsrrxctions to Bidders t-21 appropriate.

Only discounts and alternative bids read out at bid opening shall be considered for evaluation.

No bid shall be rejected at bid opening except for late bids, in accordance with ITB 23.1.
25.4 The Employer shall prepare a record of the bid opening that shall include, as a minimum: the name of the Bidder and whether there is a withdrawal, substitution, or modilication; the Bid Price, per lot if applicable, including any discounts and alternative bids; and the presence or absence of a bid security or a Bid-Securing Declaration.

The Bidders' representatives who are present shall be rbquested to sign the record.
Tlre omission of a Bidder's signature on the record shall not invalidate the contents and effect of the record.

A copy of the record shall be distributed to all Bidders who submitted bids in time, and posted online when electronic bidding is permitted.
26" ConfidentiaIity 26.1 Evaluation-and Comparison of Bids lnformation relating to the evaluation of bids and recommendation of contract award, shall not be disclosed to Bidders or any other persons not officially concerned with such process until information on Contract award is communicated to all Bidders.

26.2 26.3 Any attempt by a Bidder to influente the Employer in the evaluation of the bids or Contract award decisions may iesult in the rejection of its bid.
Notwithstandin g IB 26.2, from the time of bid opening to tlre time of Contract award, if any Bidder wishes to contact the Employer on any matter related to the biclding process, it should do so in writing.

27.

Clarification of 27.1 Bids To assist in tlre examination, evaluation, and comparison of the bids, and qualification of the Bidders, the Employer may, at its discretion, ask any Bidder for a clarification of its bid.
Any clarification submitted by a Bidder that is not in response to a request by the Employer shall not be considered.

The Employer's request for clarification and the response shall be in writing.

No change in the prices or substance of the bid slrall be sou!rht, offered, or permitted, except to confirm the correction of arithmetic errors discovered by the Employer in the evaluation of the bids, in accordance rryith ITB 31.
27.2 ll a Bidder does not provide clarifications of its bid by the d.rte and time set in the Employer's request for clarificatiorr, rts bid may be rejected.

2i.1 i.:Lri-rlft 1l're {)valuation of bics, the foiiowing definitions :;1:1--iY' 2{i.

fi.

}viaticns, i-},;serva liolrs, 2) 2 and Omissions Section I. lnstructions to Biddes (a) "Deviation" is a departure flom the requirements specified in the Bidding Document; :.
(b) "Reservation" is the setting of limiting conditions or withholding from , complete acceptance of the requirements specified in the Bidding Document; and (c) "Omission" is the failure to submit part or all of the information or documentation required in the Bidding Document.

29.

Determination 29.1 of Responsiveness The Employer's determination of a bid's responsiveness is to be based on the contents of the bid itself, as defined in lTB10.
29.2 A substantially responsive bid is one that meets the requirements of the Bidding Document without material deviation, reservation, or omission.
A material deviation, reservation, or omission is one that, (a) if accepted, would: (i) affect in any substantial way the scope, quality, or performance of the Managernent ' Services specified in the Contract; or (ii) limit in any substantial way, inconsistent with the Bidding Document, the Employer's rights or the Bidde/s obligations under the proposed Contract; or (t ) if rectified, would unfairly affect the competitive position of other Bidders presenting substantially responsive bids.
29.3 The Employer shall examine the technical aspects of the bid in particular, to confirm that all requirements of Section Vl, Employer's Requirements have been met without any material deviation, reservation, or omission.

29.4 lt a bid is not substantially responsive to the requirements of the Bidding Dpcument, it shall be rejected by the Employer and may not subsequently be made responsive by coirection of the material deviation, reservation, or omission.
30.1 Provided that a bid is substantially responsive, the Employer may waive, at its own discretion, any nonconformily in the bid that does not constitute a muterial deviirtion, reservation or omission- Provided thi.t a brd rs substantially responsive, the ELnpioyer nray request that the Brdder subnrit the necessary rirfornralion or documentation.

within a rc:rsolrai)le period of tinre.

t,-) r'actifv nonrnaleria] nr);rciiTr[orrrlit eii trir ir:i: i,;id rr:i:;leC to docr-lntentaticn 30.1 30.
Nonmaterial Nonconfornrity 7L Seclior I. Instrucliotls to Bidders t-23 requirements- Requesting information or documentation on such nonconformities shall not be related to any aspect of the price of the bid.

Failure of the Bidder to comply with tlre request may result in the rejection of its bid.

30.3 Provided that a bid is substantially responsive, the Employer shall rectify quantifiable nonmaterial nonconformities related to the Bid Price.
To this effect, the Bid Price shall be adjusted, for comparison purposes only, to reflect the price of a missing or non-conforming item or component.

The adjustment shall be made using the method indicated in Section lll, Evaluation and Qualification Criteria.

3l.l Provided that the bid is substantially responsive, the Employer shall correct arithmetical enors on the following basis: .
(a) where there are errors between the total of the amounts given under the column for the price breakdown and the amount given under the Total Price, the former shall prevail and the latter will be corrected accordingly; - (, where there are errors between the total of the amounts of Schedule Nos.
1 to 4 and the amount given in Schedule No.5 (Grand Summary), the former shall prevail and the latter will be corrected accordingly; and (c) if there is a discrepancy between words and figures, the amount in words shall prevail, unless the amount expressed in words is related to an arithmetic error, in which case the amount in figures shall prevail subjectlo (a) and (b) above.
31.2 lf the Bidder that submitted the lowest evaluated bid does not accept the correction of errors, its bid shall be declared non-responsive 32.1 For evaluation and comparison purposes, the currency(ies) of the bid shall be converted into a single currency as specified in the BDS.

33.1 No margin of domestic preference shall apply.

34.1 The Employer shall use the criteria and methodologies indicatecl in this Clar-rse.

No other evaluation criteria or metl-rodologies shall be permitted.
Techriical Evalualion 1.i.2 'i he Errplcyer jvarluation 3f ' will the carry oul a detailed technical hids r.rot previously reiei.led to 31.

Correction of Arithmetical Errors 32.

Conversion to Singk: Currency 33.

Margin of Preference 34" Evalua{iotr of Bids i, t, ,i.: !j,, t .,t t. ( , t:,.,tir':r t' i, t !

't,t't):t, )T t-24 Section l. lnstructions to Bidders determine whether the technical aspects are in compliance with the Bidding Document.
The bid that does not meet minimum acceptable standards of completeness, consistency and detail, and the specified minimum (or maximum, as the case may be) requirements for specified functional guarantees, will be rejected for non responsiveness.

ln order lo reach its determination, the Employer will examine and compare the technical aspects of the bids on the basis of the information supplied by thq.
bidders, taking into account the following: (a) overall completeness and compliance with the Employer's Requirements; (b) completeness, accuracy, and quality of the submifted documents; (c) completeness a;d details of the business plan and its alignment with the skategy submitted; (d) management approach and procedures submitted; '(e) confonnity of the Management Services offered with .
specified performance criteria, including conformity with the specified minimum (or maximum, as the case may be) requirement corresponding to each functional guarantee, as indicated in the Specification and in Section lll Evaluation and Qualification Criteria; (l) expertise of the Bidder in j' the management of telecommunication operations (g) other relevant factors, if any, listed in Section lll, Evaluation and Qualification Criteria.
Economic Evaluation bid, the Employer shall consider the 34.3 To evaluate a following: (a) the bid price, excluding provisional sums and the provision, if any, for contingencies in the Price Schedules; (h) price adjustment for correction of arithmetic errors irr accordance with ITB 3'1 .1 : (c) price adjustment due to discounts offered in accordance with iTB 16.6: ((l) price adjustrnent due to quantifiable nonmaterial noncc.
rrformities in accordernce with ITB 30.3: (r) ccnvr riinq lhe amottnt :et;ititing from applying 1a) t{r ic ai-.ove.

iI relevaiit.

t() :i -single culency itt ?

( Seciion I. lristructions to Ilidders t-25 accordance with ITB 32; and (0 the evaluation factors indicated in Section lll, Evaluation and Qualification Criteria.
34.4 lf price adjustment is allowed inj-accordance with ITB 16.1 0, the estimated effect of the price adjustment provisions of the Conditions of Contract, applied over the period of execution of the Contract, shall.

not be taken into account in bid evaluation.


34.5 lf the bid, which results in the lowest Evaluated Bid Price, is seriously unbalanced or front loaded in the opinion of the Employer, the Employer may require the Bidder to produce detailed price analyses for any or all items of the Price Schedules, to demonstrate the internal consistency of those prices with the methods and time schedule proposed.
After evaluation of the price analyses, taking into consideration the terms of payments, the Employer may require that the amount of the performance security be increased at the expense of the Bidder to a level sufficient to protect the Employer against financial loss in the event of default of thg successful Bidder under the Contract.

35.
35.

Comparison of 3 5.1 Bids 36" Eligibility and 36.1 Qualification of the Bidder The Employer shall compare all substantially responsive bids in accordance with ITB 34.3 to determine the'iowest evaluated bid.

The Employer shall determine to its satisfbction whether .

the Bidder that is selected as having submitted the lowest evaluated and substantially responsive bid is eligible and me6ts the qualifying criteria specified in Section lll, Evaluation and Qualification Criteria.
36.2 The determination shall be based upon an examination of the documentary evidence of the Biddefs qualifications submitted by the Bidder, pursuant to ITB 14.

36.3 An affirmative determination shall be a prerequisite for award of tlre Contract to the Bidder.

A negative determination shall result in disqualification of the bid, in which event the Employer shall proceed to the next lowest evaluated bid to make a similar determination of that Bidder's qualifications to perf.orm satisfactorily.
37.1 1-lre Employer reserves the right to accept or reject any bid, and to annul the bidding process and reject all bids at any tirne prior to contract award, without thereby incurring any liability to Bidders.

ln case of annulment, all !.iicls strb,mitted and specifically, bid securities, shall be lr otnf,tly returned to llre Bidciers.

,i 7.?

iiie En'iplr 'yer is not bcund to select the iowest (.

:vilhr;rteci ,,irl :irrcl n':.ry, at il!

; rliscretion.

seiecl lDe bid 37.


Ernployer's Fiight to Accept Finy Elid, arrcl to I-te.iect Any or ,/rll Bicls !

't1,i,,)\nl .\';..t,t:l /,\1,ltu'::,tti: !

!

itttrt!i--,'\'tiii,,hril{r;,,:ttissj't;r !t,r !

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:t'a(i\2!iott: l:d))b!i t-?6 Scttion I. hstructions to Bidders which, irr its opinion, provides the best value for the Operator.

38.
38.

Awartl Griteria 39. l.lotification of Award Award of Contract 38.1 Subject, to ITB '37.1, .the Employer shall award the Contract to the Bidder whose offer has been determined to be the best bid and is substantially responsive to the Bidding Document, provided further that the Bidder is determined to be eligible and qualified to perform the Contract satisfactorily.
39.1 Prior to the expiration of the period of bid validity, the Employer shall notify the successful Bidder, in writing, that its bid has been accepted.
The notification letter (hereinafter and in the Conditions of Contract and Contract Forms called the "Letter of Acceptance") shall specify the sum that the Employer will pay the Contractor in consideration of the execution and completion of the Management Seirvices (hereinafier and in the Conditions of Contract and Contract Forms called "the Contract Price").

39.2 39.3 39.4 39.5 40.1 ,10.2 40.

Signing of Contract 4'1.
Per formarlce Secttrity .i1.1 At the same time, the Employer shall also notify all other , Bidders of the results of their proposed bid The Employer will invite the successful bidder for formal negotiations based on the bi{, submitted and the terms and conditions of the Draft Management Conkact Until a formal contract (Management Contract agreement) is agreed and executed, the notification of award shall not constitute a binding Contract The Employer shall promptly respond in writing to any unsuccessful Bidder who, after notification of award in accordance with ITB 39.2, requests in writing the grounds on whlch its bid was not selected.
Shortly after notification, the Employer shall send the successful Bidder the Draft Contract Agreement.

, Llpon receipt of tlre Draft Contract Agreement, and subject to negotiations and agreed terms and conditions, the successful Bidder shall be required to formally execute the final Management Contract within the terms agreed period by both parties.
Within fourteen (14) days of the receipt of notification of award from the Employer, the successful Bidder shall lurnish the performance security in accordance tryith the C:ieneral Corrditions.

subject to ITB 34.5, using Ior that pLrrpose ll'rc PerJorrnance Security Forrn included ln s;l-clion iX -;ontract Forirs cr anolher {orm acceptable tr, llre Er'!

rl-i' lyei if the i':cr',c-,r;ri a nce sectlrity furnished ir.r illc srr.ci ssliri Etrlcier ,s;i' irril lcril oi a honci.

it snali .ft Secrion I.


Instructions to Bidders t-2't be issued by a bonding or insurance company that has beerr determined by the successful Bidder to be acceptable to the Employer.

A foreign institution providing a performance security shall have a correspondent financial instltution located in the Employer's Country.
41.2 Failure of the successful Bidder to submit the above- mentioned Performance Security or sign the Contract shall constitute sufficieht grounds for the annulment of the award and forfeiture of the bid security.

ln that event the Employer may award the Contract to the next evaluated Bidder whose offer is substantially responsive and is determined by the Employer to be qualified to perform the Contract satisfactorily.

'.. , .l,,,ln:,i.,,1:t1 t't::ftiLi 'i!tt, ,:rl \ !j 'r) ;r\ttjt' i.tl l';t ,!
!trttl ttl!- !

,,t :U!!

&- Section ll.

Bid Data Sheet A. lrrtroduction t-29 ITB't.1 tTE {.
'l ITB {.1 The number of the lnvitation fgr Bids is : NCP/RFP/O7 The Contracting Agency is: N{ tional Commission for Privatisation The name of the Project is: M{nagement Contract oiSierratet The identification number of t{e Project: NCP/Sierratel/1007 The numbei and identificationlot tots (contracts) is: One ffB2.1 ITB 3.1 (a) The name of the Project is: M The individuals or firms in a j jointly and severally liable + nagement Contract of Sierratel int venturq consortium or association are ITB G.1 For clarification purposes onty{ the Employer's address is: B.
Bidding ocument Atlention of: The Chairman I National Commission for Priv{tisation Lotto House, OAU Drive, Towpr Hill Freetown, Sierra Leone I I Telephone: +232 78 690 494 I +ZSZ lA 690 497 Facsimile Number: +232 227 q35 Electronic mail address: ncn_|@Vahoo.com I tTB 6.4 No Pre-Bid m clarification to 227935 or via email place.

Bidders can send queries of post at the above address or tax +232 hoo.

com) C. Preparati n of Bids I'rB e.1 rrts 10.1 (k) I I I I I !
The language of the bid is: S ndard English 41.3 The Bid submitted by t e Bidder shall comprise of three files as foilows: A. Getreral (a) Letter of Bicl (b) Bid Security or Bi t-t-B 19; (c) writterr confirmati comnrit the Bidder Securing Declaration, itr accordance with authorising the signatory of the Bid to in accordance with ITB 20.2; (d) docunrentary evid nce in accordance ITB 14 establishing the nd qualifications to perform the contract if Ilid,,ier's eligilrilitY il:; [Jit!
is acccpted ie) ciocrlnlental',evl :;rrri i-l-{-r. i ll .

tnal nce esiaDlished in accordance wilh ITB 3 trr.3 llanaqernent -Services ofiered by the I l -J0 I n A - Section II.
Bid Data Sheet Bid der in its bid or in any alternative bid, if permitted, are eligible; , (f) documentary evi{ence established in accordance with ITB 15 tlrat the tManagement Seryices offered by the Bidder conform to the Bidding Document; (S) in the case of a bid submitted by a JVA, JVA agreement, or letter of intent to enter into a JVA including a draft agreement; and (h) any other document required in the BDS.

B.
B.

Technical (a) Completed schedules as required, including Price $chedules, in accordance with lTB,12 and 16; (b) Due Diligence results (c) Marketing survey (d) Strategy definition : (e) Business plan for 5 years including: investment, loans, Capex, Opex, expatriate staff needed, expected revenues, C. Financial (a) Management fee tTB 16.
{ 41.4 Bidders shall quote for the entire Management Services (duration is three years) on a "single responsibility' basis such that the total bid price covers all the Contractor's obligations mentioned in or to be reasonably inferred from the bidding document in respect of the management, including strategy definition, business plan, revenues generated, expenses, market..share, subscriber growth, networl( KPls, network upgrade and expansion, procurement and subcontracting (if any).
This includes all requirements under the Contractor's responsibilities specified in the Bidding Documents, all in accordance with the requirements of the General Conditions.

tTB 16.7 The prices qtroted by the Bidder shall be: Fixed and Variable I i!rl {-/ !

i-il _L- re currency oi the bic s hall pc rn USS 9., Option A - Section Il.

Ilid Data Sheet I -31 ITB NB.1 tTB 19.1 n-B 20.1 I't-B 20.2 n-B 21-1 tTB 22.1 The bid validity period shall be 120 days.
Bid shall include a bid bond (issued by reputable and recognised bank by the central bank of Sierra Leone); the amount of the bid security shall be Fifty thousand United8tates Dollars (US$ 50,000,00) ln addition totheoriginal of the bid, the number of copies is: fiys.

The written confirmation of authorisation to sign on behalf of the Bidder shall consist of: A written power of Attorney.

: D. Submission and Opening of Bids Bidders do not have the option of submitting their bids electronically.
For bid submission purposes only, the Employer's address is : Attention: The Chairman The National Commission for Privatisation Lotto House, OAU Drive, Tower Hill City: Freetown Country: Sierra Leone Telephone: +23278 690 494 I +23278 690 497 Facsimile number: Electronic mail address: ncp_sl@yahoo.com Bidding Documents shall be delivered in a sealed envelope clearly nrarked 'Management Contract - SIERRATEL" to the above address.
The deadline for bid submission is: Date: Mondav 21 March 2011 Time: 12.00 hrs local time ;' ITB 25.1 a) Evaluation of proposals will be made using the 'Merit-Point" method to assess the lechnical and financial proposal, b) The .points will be allocated as per the rated evaluation and qualification criteria (weighted ....,/100) format in Section lll, c) After making the evaluation, those bidders that score at least 70 poirrts shall pass the General technical evaluation d) The NCP may negotiate with the first ranked bidder with respect to the nature, volume and organisation of services included in their proposals and may seek or permit revisions.
e) The NCP will award the conkact to the bidder whose proposal is nrost ac.lvantageous with regard to scope, schedule, capacity and effeclirre deiivery of services and cost determined in accordance urith r;riteria and procedures for evaluating proposals set forth in llre rr-'t r uest for Pt.'rPosals.

I I I i t-32 A - Section II.


Bid Data Sheet (i) The opening of the bidders proposal National Commission for Privatisation (Board Room) Street Address: Lotto House (5rh Floor) OAU Drive, Tower Hill City : Freetown Country: Sierra Leone Date: Bidders will be notified Time: Bidders will be notified : tTB 32.
{ E. Evaluation, and Comparison of Bids The currency(ies) of the Bid shall be converted into a single currency as ] foltows: United States Dollars (USD) The currency that shall be used for bid evaluation and comparison purposes to convert all bid prices expressed in various currencies into a single currency is: US$ The source of exchange rate shall be: The Central Bank of Sierra Leone The date for the exchange rate shall be: The bid opening date g Section lll.
Evaluation and Qualification Criteria 1-33 This Section contains all the criteria that the Employer shall use to evaluate bids and quzilify Bidders.

ln accordance with.lTB 34 and ITB 36, no other factors, methods or criteria shall be Bidder shall provide all the information requested in the forms included in Section trsed.

lV, Bidding Forms.

-Ihe 1.

Evaluation 1.1 TechnicalEvaluation The criteria listed in ITB 34.2 (a) - (S) shall be used to evaluate the Bidder submission.
The following will be considered: (a) The understandlng the Bidder has of the telecommunications market in Sierra Leone and how that is reflected in the proposed strategy.

Weighted = 15 .

(blThe efforts deployed by the Bidder and the team sent to Sierra Leone to perform the due diligence and market survey exercises.

Weighted = 10 (c) The accuracy, quality and completeness of the documents submitted, in accordance with international standards which are used in the development of the business plan.
Weighted = 20 (cl) The experience of the Bidder in the management of similar operators and the specific expertise he has acquired in the business and financial transformation of compgnies leading them to become successful operators.
Weighted = 25 (e) The Business Plan submitted- strategy developed by the Bidder for the transformation, of Sierratel into a leading telecommunications player in Sierra Leone and the level of investments required (in addition to the ones already conrmitted) as well as the level of operating expenses resulting from the development of the operations.

The Staffing plan, operational and development plan and the Bidder's capacity to gptimise costs, both capex and opex in developing the revenues of Sierratel.
Weighted = 30 1.2 FinancialEvaluation The following factors and methods will apply (a) Time Schedule: -finre to mobilise to start the performance of the Management Services from the effective date specified under section'1.1 of the Contract Agreemenl.

(lr) The cost of tl-rc: lVlanagenrent Services, vuhether fixed or variable, will be evaluated accorcling to the following: Managenretrt Gosts (:) l\l]lL.inl over ihe illli:e Veals.

1 t -3;, Section III.
Evaluation and Qualification Criteria fixed over variable costs, linked to the Operator's (iD Percentage of performance, (iii) The variable amount comparing to the revenues and net profit of the Operation (c) Functional Guarantees of the Management Services The functional guarantees provided by the Bidder should be already stated specifying for the next three years: - The number of mobile and fixed subscribers to be reached by the Operators - The revenues for Years 1 to 3 - The EBITDA margins for Years 1 to 3 - The net profit margins for Years 1 to 3 j' (d) Work, services, facilities, etc., to be provided by the Employer Where bids include the undertaking of work or the provision of services or facilities by the Employer, the Employer shall assess the costs of such additional work, services and/or facilities during the duration of the contract.
Such costs shall be added to the bid price for evaluation.

2 Qualification' '2.1 Update of lnformation The Bidder and any subcontractors shall meet or continue to meet the criteria tused at the time of prequalification, if prequalification process is applied.

'r') Financial Redources Evidence of financial capacity to meet the working capital requirements * Se.lion IX.

Conll'act Foms Section lV.


Bidding Forms Iv'iobilisation Schedule Personnel Biclcler lnformation Sheet... Party to JVA lnformation Sheet....... Firrancial Situation.......

Historical Financial Perfornrance..... Experionce - General Experience ...... Transmittal Letter ............ Form of Bid Security (Bid Bond) Fornr of Bid-Securing Declaration... t 4 5 6 7 I 10 11 11 't3 14' 15 16 1t ) To: Letter of Bid Section IX.

Contract Forms Da te: ICB No.

: Invitation for Bid No.
: We, the undersigned, declare that: (a) We trave examined and have no reservations to the Bidding Document, including AddendaissuedinaccordancewithlnStructionStoBidderS(lTB)7-; (b)Weofierto-,inconformitywiththeBiddingDocument,the following Management Services: (c) Our bid shall be valid for a period of days from the date fixed for the bid submission deadline in accordance with the Bidding Document, and it shall remain binding upon us and may be accepted at any time before the expiration of that period; ;.
(d) If our bid is accepted, wb commit to obtain a performance security in accordance with the Bidding Document; (e) We, including any subcontractors or manufacturers for any part of the contract, do not ' have any conflict of interest in accordance with ITB-3.3; (f) We are not submitting more than one bid in this bidding process as a Bidder, either individually or as a partner in a joint venture, in accordance with ITB-3.3; We, including any of our subcontractors for any part of the contract, have not been declared irreligible by the Employer's country laws.
(S) We are not a government owned entity/ We are a government owned entity but meet the requirements of ITB-3.4 ;5 (h) We have paid, or will pay the following commissions, gratuities, or fees with respect to the bidding process or execution of the Contract: Narne of Recipient Add ress Reason Amou nt (lf norre has been paicl or is to be paid.

indicate "none ") Section 1X.


Conhact Fomrs (i) We understand that this bid, together with your written acceptance thereof included in your notification of award (subject to negotiations and terms agreed), shall constitute a bindirrg contract between us until a formal contract is prepared and executed; and 3 (j) We understarrd that you are not bound to accept the lowest evaluated bid or any other bid that you may receive.
[,lartre Sig ned ln the capacity of Duly authorised to sign the bid for and on behalf of Dated on day of 7;,, .l To: Financial Proposal Section IX- Contract Forms Date: ICB No.

: lnvitalion for Bid No.

: We, the undersigned, declare that: ,i.


(a) The price of our Bid for the services over the three year period of the Management Contract, excluding any discounts offered in item (b) below is the sum of: , and , (b) l'he discounts offered and the methodology for their application are: & Section lX- Contract Forms 5 Technical Proposal -lhe following should be addressed within the Technical Proposal.. ...
Methodology Approach It/lobilisation Schedule Procedures of the management Customer satisfaction Proper handling of company assets Development of company procedures and policies Network design and planning Network roll-out Network Optimisation Network Operation and Maintenance {\ 6 Section IX.

Contract Folms Mobilisation Schedule (Bidders please state ),our Mobilisation Schedule indicaling the likely commencernenl date and the resorr<'es lo be deployed) Seclion IX.
Cont(act Foms 1 Personnel Form PER -1 Proposed Personnel Bidders should provide the names of suitably qualified personnel to meet the specified requirements stated in Section lll.

The data on their experience should be supplied using the Form below for each candidate.

1.

Title of position- Nalne Surnmary of Qualifications Career Summary 2 Title of position* Name Summary of Qualifications Career Summary J I 'l'itle of position* Nanre Surnrnary of Qualifi cations Career Summary 4.
I lltle of position* Nanre Surnmary of Qualifications Career Summary *A.s !isterl in Section ill e1 Ilesunre of Proposed Personnel (please use additional sheets as required) Form PER-2 Section IX- Contract Forms Name of []iclder Pos ition Nanre Personnel informatio n Professional qualifi cations Name of employer Present employme nt Address of employer Date of birth Telephone I I Fax Job title Contact (manager / personnel officer) E-mail Years with present employer Sumnrarise professional experience over the last 20 years, in reverse chronological order lndicate particular technical and managerial experience relevant to the project.
Company / Project / Position / Relevant technical and management experience I -t -J Frcllrr To I I I I I I I + Sectio[ IX.

Contract romrs 9 Form ELI 1.1 Bidder lnformation Sheet Date: ICB No.

: lnvitation for Bid No.

: Page _ of _ pages 1.

Bidder's Legal Name 2. ln case of JVA, legal name of each party: I 3.

Biclder's actual or intended Country of Registration 4.

Bidder's Year of Registration: 5.

Bidder's Legal Address in Country of Registration: 6.
Bidder's Authorised Representative lnformation Nanle: Addr ess: - Telephone/Fax numbers: Email Address: Articles of lncorporation or Registration of flrm named in 1, above, in 7.

Aftached are copies of original documents of: E accordatrce with ITB Sub-Clauses 3.1 and 3.2.
I ln case of JVA, letter of intent to form JVA including a draft agreement, or JVA agreement, in accordance with ITB Sub-Clauses 3.1 and 10.1(g) or 11.1(d) E lrr case of government owned errtity from the Employer's country, documents establishing legal and financial autonomy and compliance with the principles of commercial law, in accordance with ITB Sub-Clause 3.4.

Please rrote tllat a written authorisation (Transmlttal letter) needs to be attached to this sheet as required by ll B 20.2 or 1 0.
1 c (l Form ELI 1.2 Party to JVA (Joint Venture Agreement) lnformation Sheet r' Section IX.

Conkact Fonns Date: ICB No.

: lnvitation for Bid No.

: of_ _ Page pages Bidder's Legal Name: .

JVA's Party legal name: [.

We'" Party Country of negistration: .

JVA's Party Year of Regiskation: L I I I JVA's Party Legal Address in Country of Registration: .
JVA's Party Authorised Representative lnformation Name: Address: TelephoneiFax numbers: Email Address: - accordance with ITB Sub-Clauses 3.1 and 3.2. n DArticles of lncorporation or Registration of firm named in 1, above, in j.; .

Attrached are copies of original documents of: I' In case of government owned entity from the Purchaser's country, documents establishing legal and financial autonomy and compliance with the principles of comnrercial law, in accordance with ITB Sub-Clause 3.4.
I I I +7 Section lX.

Contlact Founs ll Form FIN - 3.1 Financial Situation Historical Financial Performance Bidder's Legal Name: JVA Partner Legal Name: Date: ICB No.

: Page_of_pages To be conrpleted by the Bidder and, if JVA, by each partner Financial information in US$ equivalent I Historic information for previous three (3) years (US$ equivalent in 000s) Year 1 Year 2 Year 3 Year lnformation from Balance Sheet I I Total Assets (TA) I I Total Liabilities (TL).
Net Worth (NW) I += I I Current Assets (cA) Current I Liabilities I (CL} I In forrnatiolr from Incor-r'le Statenrelrt I I I I Totirl [levenue i"i-i.l r I I I I I I I I I I I I I 1?1 Section IX.
Contract Forms t2 Profits Before Taxes (PBr) "t D Attached are copies of financial statements (balance sheets, including all related notes, and ineome statements) for the ihree years and recent management accounts as required above complying with the following co ncl itio n s : Mtrst reflect the financial situation of the Bidder or partner to a JVA, and not sister or parent companies Historic financial statements must be audited by a certified accountant l-listoric financial staternents must be complete, including all notes to the financial statements l-listoric financial statements must correspond to accounting periods alreacly completed and audited (no statements for partial periods shall be rerluested or accepted) ri, Scction IX.
Colitract Iiorms t3 Form EXP 2.4.1 Experience - General Experience Page_of_pages Bidder's Legal Name: JVA Partner Legal Name: Startin (, Month / Year Ending Month / Year Years I I I I I I I t-l I L I I I I I I Contract ldentification Contract name: Management Experience and contracts description: Name of Employer: Address: Contract name: Consultancy Experience: Name of Employer: Address: Contract name: Management Experience and contracts description: Name of Employer: Address: Contract name: Consultancy Experience: Name of Employer: Address: Contract name: It/lanagement Experience and contracts description: Name of Employer: Address: Contract name: Consultancy Experience: Name of Employer: Address: Date: ICB No.
: Role of Bidder/ Scope of Work I I I t_ I "List calendar year for years with contracts with at least nine (9) months activity'per year starting with the earliest year ln addilion to the above, bidders can provide supplementary statements and references from lrre.irio: rs e;r.rployerslclients in support of llreir operational experience and achievement.

zl l4 ;Section IX.
zl l4 ;Section IX.

Contract Forms FORM OF TRANSMITTAL LETTER The Chairman National Commission for Privatisation Lotto Housc, OAU Drive, Tower Hill, Freetown, Sierra Leone |nsefi datel l\llanag;ement Gontract: Proposal We have examined, understood and checked the Bidding Documents for the Management Contract of SIERRATEL, and have ascertained that they tontain no errors or other defects.

We have initialled the Draft [\ilanagement Contract as evidence of our acceptance of its terms.
We, the undersigned, offer to manage, operate and maintain the Sierra Leone telecommunications company in accordance with the Bidding Documents and our Proposal (including this letter) for the amounts stated in our Financial.
Proposal and other amodnts specified in the lvlanagement Contract We agree to abide by this offer until 6 months after the Proposal Submission Date and'it shall remain binding upon us and nray be accepted by the National Commission for PriVatisation (acting as agent for the Government of Sierra Leone) at any time before that date.
We undertake that, if our Proposal is accepted, our bid vehicle will within fourteen (14) days of such acceptance be incorporated to become the Contractor or as otherwise required by the NCP.

In submitting this Proposal we confirm there has been no material change to the information provided by us, or if applicable, by any of our Members, in the response to the lnvitation to Pre-qualify.
The Proposal Deliverables form part of this Proposal and are annexed to it in two sealed envelopes in accordance with the provisions set out in the RFP.

We understand that you are not bound to accept the lowest or any offer you may receive.

We accept that we are fully respon5ible for all costs associated with our participation in the transactiotl process.

;.

Name.... Sigtrature ln the capacity of .

., .

.. .. .

.

.

.

... .


Duly authorised to sign tenders for and on behalf of Address Name of Witness Adt.iress Sic;nattrre .

., ... ... ,('t- GENERAL INFORMATION AND INSTRUCTIONS TO BIDDERS I 81.
DE:FINITIONS ln this Request for Proposal, all capitalised words and expressions shall have the sanre meaning as in the Management Contract; except to the extent the context otherwise requires: "Authorisecl Representative'l means a person nominated by the Bidder to act as its point of contact witlr the NCP for all matters relating to the RFP; "Bidders" means those firms, partnerships, joint ventures, corporations or consortia who have paid the registration fee and propose to bid for the transaction.
This definition includes bidders who have either been: i.

(a)fully pre-qualified prior to the date of issue of this RFP; or (b) conditionally pre-qualified prior to the date of issue of this RFP and have fully pre- qualified by the deadline specified "Bidding Documents" means; (a) this RFP; (h) (c) the lnformation Memorandum accompanying this RFP; the Management Contract accompanying this RFP.
"Managlement Contracf' shall have the meaning set out in the Agreement; "SIERRATEL' Sierra Leone Telecommunications Corfipany Limited; (Operator) "NCP" means the National Commission for Privatisation; (Contracting Agency) "GoSL" means the Government of Sierra Leone: "JVA" means Joint Venture Agreement "lTB" means lnstructions to Bidders "BDS" means Bid Data Sheet "Transaction Process" rnearrs the process for selecting the Management Contractor, inclucling each of the Bicl Procr:ss Events "Freferrecl Bidder" means the bidder whose'lechnical and Financial Proposal is the inost respcnsive iu tenns ol teclrtrical capabilriy and financiai value to the GoSL: "flFP" r,rearrs colleclively, all ihe covenants terms and conditions contained in thas .iccl rt'r1erll, inclttding iire apt:er-}cliceS.
E) 1 Section I.

Invitation for Bids INFORMATION MEMORANDI..'M lllackgrouncl information about the Transaction is set out in the lnformation Memorandum, which is provided to Bidders along with this RFP.
El.2: Criteria: Galibre of lnvestor Sought SIERRATEL is seeking Management Contractor that has: (a) the l/lanagerial and Technical capability to undertake the management contract, with proven experience in the strategic and operational management and technical competency in managing a telecoms institution or similar large corporations (b) a good reputation and lnternational experience in successfully managing enterprises through management contracts and achieving the stated objectives (c) Leading and managing change process within large institutions (d) Proven track record in developing business turnaround solutions and innovative technologies to improve business performance (e) no un-declared financial or other relationships with any member of NCP, - SIERRATEL, or the GoSL, or with any Consultants employed by them on this assignment, who would be in a position to influence the outcome of the bidding process.
(f) the company or consortium must not have any corrflicts of interest which would prevent them from acting in the interests of the Government of Sierra Leone, and 'providing efficient common-user handling services in a non-discriminatory manner.
8.3: Clranges to Members of a Bidcler (a)A fully pre-qualified Bidder may not add, delete or substitute its constituent members (or alter the responsibilities for specified functions of individual members which rnay have been allocated by the Bidder during prequalification) without the prior written approval of the NCP, whiclr will only be granted if the Bidder, in the discretion of the NCP, continues to meet the conditions for selection which were u:red in the prequalification stage.
Arry such addition, deletion or substitution will l:e at the risk of the relevant Bidder and should be submitted to NCP by 4th March :2011 irr orcler to allow for verification of their eligibility for full prequalification.

I--ailure to comply with this provision may result in disqualification.
(b)A fully pre-qualifiecl biclder may establish a new legal entity or entities that will take orr the position of a pre-qualified Bicjder provided that: (il the new legal entity/entities fulfil lhe prequalification citeria, as se, oul in !-,aragraDl't 8.2 ancl (ii) llte NCP has gTlven its prior written appntval.

9r Section IX.

Corrtract Fonrrs l5 SECTION D, PART ll: FORM OF BID BOND Form of Bid Bond Bid Bond No.
Date: We, (NAME OF BANK) hereby establish this Letter of Guarantee in favour of the Nalional Commission for Privatisation, hereinafter called "NCP' as follows: 1.

Whereas (NAME OF BIDDER) has submitted a Tender for the Operation and Management of SIERRATEL, and the (Name of Bidder) is required to deposit with the NCP a guarantee in accordance with the terms and conditions set forth in the Tender Document in the amount of US$ 50,000.00 (Fifty thousand United States Dollars).

2.
We hereby unconditionally and irrevocably guarantee as primary obligor the payment to NCP on its first demand, without whatsoever right of object on our part and without the necessity of a previous notice or of judicial or administrative procedures and without it being necessary to prove to us the defects of short-comings of debts of the (NAME OF BIDDER), lhe amount of US$ 50,000.00 (Fifty thousand United States dollars) in the event that (NAME OF BIDDER) fails to execute or put into effect the l\Ianagement Coirtract.
j.

3.

This Letter of Guarantee is valid as from (DATE OF TENDER) to the Effective Date of the Management Contract, and we sltall not cancel our guarantee within the specified period.

ln witness whereof, we have caused these presents to be signed by our authorised officers and ottr corporate seal to be hereunto affixed.

Guarantor Witness 1..:: !t,f l'ii,!,,,:fi!

: \:i!rn!!:!

,\l;t u':i'1lr.,!tt ('oti{r rt .\ntit,trul ( t) trrttission Jor l'rtr"i\!
;ttn: l;(h jttli t> !6 To: Form of Bid-Securing Declaration Section IX.

Contract Forms Date: Bid No.

: Alternative No.

: We, the undersigned, declare that: We understand that, according to your conditions, bids must be supported by a Bid-securing Declaration. "
contract with the Bonower for the period of time of We accept that we will automatically be suspended from being eligible for bidding in any starting on , if we are in breach of our obligation(s) under the bid conditions, because we: (a) (b) have withdrawn our Bid during the period of bid validity specified in the Letter of Bid; or having been notified of the acceptance of our Bid by the Employer during the period of bid validity, (i) fail or refuse to execute the Contract, if required, or (ii) fail or refuse to furnish the Performance Security, in accordance with the lTB.
We understand this Bid-Securing Declaratlon shall expire if we are not the successful Bidder, upon the earlier of (i) our receipt of your notification to us of the name of the succesbful Bidder; or (ii) twenty-eight days after the expiration of our Bid.

Signed: ln the capacity of Name:.

Duly authorised to sign the bid for and on behalf of: Dated on day of Corporate Seal (where appropriate) ,-c Section IX.

Cortlact Forrrs 17 Section Vl.
Employer's Requirements To irrprove the internal management and controls of Sierratel; improving efficiency, productivity, customer service delivery, capaclty building and overall financial and operational perforrnance The challenges faced by Sierratel includes substantial loss of customer base, lack of innovative technologies or market leadership, dilapidated and outdated systems and infrastructure and loss of market share to other competitors in the telecoms market Operations and maintenance - improvlng the infrastructure, backbone of operations inc[rding landline, mobile connectivity, customer service delivery day to day management of Sierratel - organisational structure, systems ind processes.
human resources management, financial management, reducing wastage, efficiency savings, transparency and good corporate governance longterm business planning - corporate strategy and business plan setting the way forward for Sierratel There are three main aspects of the management contractors role, these are - The seryrces provided by the management corrtractor - The staffing positions filled by the management contractor - The authority delegated to the management contractor The management contractor'must provide services in the following areas (1) System Planning (2) Human Resources (3) Operations (4) Commercial (5) Financial (6) Preparation for future private sector participation Management Contractor - Hrrman Resources (A) Staffing Plan - outline improvements to the management, organisation and supervision of existing sta{f, in particular should clarify the roles of existirl.g SIERRATEL management, delailing all expected hiring, firing, including an organisational chart : (B) Staffing Policy - develop a policy that sets out proposed incentive mechanisms and disciplinary procedures to promote the welfare and performance of staff (C) Training - Skills assessment, In-house training, External Training '[he conlractor should conduct a skills assessment of SIERRATEL staff and propose a cornbinatiorr of in-house and external training.
Based on the recommendations made in the skilis assessn-rent, the contractor should provide the in-house training at its own time and expenses.

l-he contractor- should contract out the recommended external training based on procurernent guidelines and external traitring should be financed by SIERRATEL Marraqeruent Contractor - Services anrl Operations: Data lleport - the managetnent contractor should prepare a base year report within 3 rrontlrs frorn the start of the rnanagernent contract.
This will form the basis for assessing the ;lrarraqement contractors per i()nrance inciuding its performance relative to hey performance i!'r,.ji,:ato!

's (KPI's) r8 procedures.

ldentify the need for administrative and technical support facilities and ope equipments eg: specialised vehicles, communication systems, facilities for offices, warehousing and identifying tools and equipments in immediate need of repair and supervising the repairs.

Section IX.
Section IX.

Contract Fonns Develop an operating plan with the assistance of Sierratel staff to prioritise spending on projects that improve the telecoms connectivity and reduce costs Delegation of Authority - to the management contractor to rhake maximum improvements and the discretion to choose and manage capital expenditure a7 Sectiol IX.
Conhact Forms l9 Scope of Supply of Management Services by the Contractor CGNTENTS 1 2 J 4 5 t) 7 Background Purpose Objective Scope of work Additional requirements Knowledge transfer Deliverables Appendix Appendix Appendix Appendix Appendix Appendix Appendix lA:Map of Sierra Leone showing SIERRATEL excahange locations in the provinces 1B:Map of Freetown showing exchange locations 2: Schematic diagram showing the existing switching network 3: Existing National transmission backbone 4: Schematic showlng a proposed switching network 5: Proposed fibre.optic network 6: Map of Sierra Leone showing proposed provincidl radio backbone transmission network Appendix Appendix 7: Current Organogram - Senior Management B: Revenue Projections 2011 -2013 rf Iolbmriltion Metlrorandnm T'lae haforrnation lVlermorandurn Accompanying this Request for Proposal (R.FP) For tlre Management Contract of the Sierra Leone I'elecommunication Company Limited (SIERRATEL) lssued on: 22'o February2o11 COfftfaCting AgenCll National Cornmission for Privatisation (NCP) COUntfy: Republic of Sierra Leone It lntbrmation Memorandum 'l.
Background 1.,I SIERRATEL I The Republic of Sierra Leone, in West Africa, has a total population of around 6 million, in an area of 72,000 sq km, with its capital in Freetown.

j.

The Sierra Leonean telecommunications sector has been seriously disrupted over recent years.

ln 2OO2, the civil war which was ending left the country wlth very limited telecommunications services.
Sierra Leone Telecommunications Company Limited, SIERRATEL for short, is a limited liability company, whose objective is the operation of public telecommunications services.

SIERRATEL builds and operates a public telecommunications network with the excdption of those bordering on the security of the State of Sierra Leone, and is authorised to carry out, in accordance with the existing laws, all other activities directly or indirectly associated with its objective.
Sierratel has a tqtal of 688 staff consisting Adnrin and HR.- Audit .. Colnmercial Engineering Finance as follows: .. ,.4 .. .. .. 142 .88 426 28 '1.2 Telecommunications lnfrastructure i See Appendix 1l\ exchange locations) and Appendix SIERRATEL Freetown exchange lotations).
p (Geographical mF of Sierra Leone showing SIERRATEL provincial map of Sierra Leone showing B (Geographical 1 Folloraring the promulgation of a policy to liberalise lhe telecommunications sector in 2003, the Sierra Leonean Government licensed five mobile telephone operators, apart from STERRA]-EL who has a mobile operator license but with no established mobile network infrastructure and services.
A number of lnternet Service Providers (lSPs), including SIERI1ATEL, were also registered flr€ 2arcC -i-elecotr.nrlnical ions nct 2O0C was enacted t)v ihe Sieira Leone Parliailrenl ,n Augusl -l-his nla(le orovisr(ln fcr tl-re setting up of tlie Natronal Telecommunicai!ons Conrrnissron (t IDforn)ation MeDrorandum (NATCOM), a body responsible to supervise the activities of all operators in the telecomrnunications sector- 2 The telecommunications infrastructure owned by.SIERRATEL contains equipment damaged by the ravages of the recent civil war on the one hand and dlso equipment that have become obsolete and expensive to maintain on the other.
There is an urgent need of rriodernisation of the infrastructure if SIERRATEL is to retain its ability to provide fixed{ine services.

There is on the other hand a perceived ever-increasing demand for low-priced and reliable fixedJine services in the rapidly advancing information age, in Sierra Leonean society today- -l-he existing telecommunications infrastructure of SIERRATEL, in terms of switching, transmission and subscriber iine plant equipment as well as buildings is described below.
1.3 Switching See Appendix 2 (Schematic showing the existing switching network).

The existing SIERRATEL switching network comPrises: second city of Bo. "

three m6in digital exchanges located at Central (Freetown), Wilberforce, and the " four remole switching units (RSUs) off the main switch at Central: at Brookfields, .

two RSUs off the rnain switch at Wlberfor,>e: at Juba and Lungi. "

one RSU off the main switch at Bo: at Kenema.

Wellington, Aberdeen and Cline Town.


-l'lrere are two directly interconnected intern;rtional gateways in Freetown located at SIERRATEL HQ and Wilberforce Earth Statiort.

The two gateways provide international telecommr.rnications senrices to SIERRATEL and all other operators, while central exchange is connecled to the .nternational gateway at SIERRATEL He, Wlherforce exchange is conneoted to the internaticnal gateway at Wilberforce Earth Station.
lnstalled local subscriber line capacities are as follows .

Central - Wilberforce " 8.

'ooklields I i./\ki ilj,.t !lt o | , 10,000 7,(i00 2.30C 2,s00 AL Inlirrnral ion NlernoraorlLrnr .

Juba " Lungi .Bo .

l(enenra .

Aberdeen .


Cline-l-own I ,5100 1,500 2,000 i,soo 1,500 2,500 3 The transmission links between the main exchanges and their RSUs, the main exchanges and the inlernational galeways, and the main exchanges and SIERRATEL HQ for lnternet service, at e as follows: " Central - Wilberforce: 6xE1 ."

Central - Bo: 2xE1 .


Central -Aberdeen: 2xE1 " Central - Cline Town: 2xE1 " Wilberforce - Juba: 2xE1 " Wilberforce - Lungi: 2xE1 " Central - Brookfields: 4xE1 " Central - Wellington: 2xE1 " Bo - Kenema: 2xE1 " Central - lnternational Gateway :2xE1 .
Wilberforce - lnternalional Gateway:2xE1 " Central - SIERRATEL HO: " Wilberforce - SIERRATEL HQ: " Bo - SIERRATEL HQ : 1xE1 1xE1 1xE1 ; cable and radio) radio) cable) cable) cable) radio) cable) cable) radio) cable) cable) cable) cable and radio) cable and radio) (via (via (via (via (via (via (via (via (via (via (via (via (via (via The above shall'be upgraded within 2011 by TCIL, an lndian company which was awarded a conlract for the upgrade and renovation of Sierratel infrastructure.
'1.4 Tmnsrnission S,,e Appendix 3 (Schematic showing the existing backbone transmission infrastructure).

Prior to the escalation of the civil war in 1995, the SIERRATEL transmission network was an inter-connected ring passing through most major towns in sierra Leone.

Thus, telephone setvices were available to smaller communities via add/drop multiplexers and spur links cor)nected to e nlicrowave backbone route.
-l'he existino transmission network infrastructure comprises a few 34 MbiUs microwave radio lirlks bacl<-lrattlillg traffic frorn switching nodes in the provincial towns and a number of pulse Co(le lvlodliialion (PClii) lrartsverse-screenecl catrles for the interconnection of telephoire lransntission capacity ,:f tl.rese tinks is limited and the reliability of er.

:li',anc'Jes irt [:r€etown.


!tri: Ir(l\4 ioLrles is pccrr -{he It lnlblmation,leuroranduur 4 All existing microwave radio links operate in the 7 GHz band, except for a single microwave radio route to an embassy which operates in the un-licensed 5 GHz band.

-fhe city microwave radio links belonging to the CDMA20O0 WLL network (see Section 1.8) operate in the 13 GHz band.
With the implementation of the CDMA2000 WLL network, a substantial number of PCM routes have been phased out and replaced with microwave radio links.

The above shall be upgraded within 2011 by TCIL, an lndian company which was awarded a contract for the upgrade and renovation of Sienatel infrastructure.

1.5 Lirie Plant Existing line plant comprises both armoured paper-insulated lead-covered cables ad well as polyethylene insulated jelly fully-filled (with polyethylene overall shielding) cables.
The armoured lead-covered and polyethylene cables are directly buried.

The un-armoured polyethylene cables run in 90 mm PVC ducts.

TIre lengths of cables in the line plant vary from under a kilometre to around 10 km.

Cable sizes vary from 10 to 1200 pairs.

The overhead distribution network comprises aerial cables and drop-wires.

These cables vary from '1 to 100 pairs.

There are floor-standing distribution cabinets and 10 and 20 pair pole- mounted and 50 and 100 pair wall-mounted distribr"rtion points.
At the ti/ain Distribution Frames (MDFs) in the exclrange buildings there are two types of IDC termination blocks: Trucco and LSA-Plus.

Lightning arrestors have not been instatled at the UIDFs Tire above shall be upgraded within 2011 by TCIL, an lndian company which was awarded a contract for the upgrade and renovation of Sierratel infraslructure.

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Certificate of operation ancl other government permits () i. P Dernonslration of working equipment > Continuing the commissioning process ) Training of Operatoi's staff > Documentation for operator !

lnspections F Start of correction period ) Appointment of a management team to take over as an ongoing operaiion.
> Preparation of an outline scheme with budgetary estimates to ensure that the network will P Securing of approval for the network to become or remain operational from govemment, local D Contracting with suppliers or service organisations to ensure that necessary resources flow !
Reaching an understanding with aulhorities regarding such matters as taxation, union > Obtaining necessary licenses to enable the operation of the network to get underway and ordering special equipment or training special staff so that the project is ready to begin on schedule.

operate within the financial resources available- government, or other authorities.

requirements, etc.

into the network.

[r- KPls A detailed separate performance related penalties document including KPI's to be prepared.
(l(Pl target values for the operation phase, will be mutually agreed between both Client and Bidder prior to the signatltre of the contract) The KPls should be defined for each departnrent associated with applicable end-to-end process.

c- ResponsibilityMitrix The responsibilities of each party for the deliverables of the Operate phase will be provided in a separaie document.
d- Quality -fhe Bi(lder will be completely responsible for the company service quality in both aspects quality conlrcl and quality assurance: Quality Assurance Procedures to assure the quality implementation per each and every part of the nefuvork.

Quality control Procedures to measure and report the quality and performance of the network.

4.

Arlclilional llequirements: Fro:n tl're above statement of work the proposed RFP should reflect to the operator the folluwi,tgs.
i > Slrarilrg with the Operator the besi O&Ntl Services experience of the industry - Pron:1:t Response, Urriirterr upted Eault Escalation, Quality ol Senrice Guaranteed l-o\4/er CAPEX and O['EX of operation cost cr lrtfolrr,ati,rn l\,lemorandunr 10 P hnprove KPI of the ,overall operation and thus enhance the overall performance of ) the operation.
integrated and comprehensive Managed O&M Services solution designed based on the system environment F lmproving capability of equipment O&M Services personnel and enhancing management level ts lmproving capability of Customer Care and Sales personnel and enhancing management level )- l(nowledge transfer tsidders slrall undertake to treat with highest secrecy and confidentiality all the materials, information, and assessments relating to this management contract.
An explicit undertaking in this regard will be required and shall agree to sign a non-disclosure agreement before the commencement of this assignment.

5.

Knowledge Transfer: Throughout the rnanagement period, bidder shall demonstrate to the personnel the rnethodology and operations of any instruments, software, and applications for day-to- day operations as appropriate and housekeeping activities.
-fhe G. De!iverahles - bidcter in case won the bid will be providing, but not limited, the following deliverables > It/lonthly Management Accounts, including departmental report describing the progress in each department and providing the corresponding KPls.

F Quarterly assessment - performance reports versus the budget and justification of the deviations against planned activity if any.
)- Yearly balartce sheet > Weel<ly network KPls (detailed KPIS and thresholds will be agreed upon contract :' i signature) ) Weekly customer complaints reports !

Progress reports about the projects under implementation F Weekly {inancial report !

Capital Spending Report > Yearly Budget and Planning Reporl )- An'/ other operational and finarrcial report that may be required from time to tlme by ttre L-rnployer and Operator :).

Section Il{.
Conlracl Fonns t9 Scope of Supply of Mana0ement Servaces by the Contractor COI.II ENT:; 1 Uackground 2 Prtrpose 3 Objective 4 5 Addilionalrequirements 6 Knowledge transfer 7 Deliverables Scope of work - Appendix lA:Map of Siena Leone showlng SIERRATEL excahange locations in the provinces Appendix 1B:Map of Freetown showing exchange localions Appendix 2: Schematic diagram showing lhe existing switching network - Appendix 3: Existing National transmission backbone Appendix 4: Schematic showing a proposed switching netr.vork " Appendix 5: Proposed fibre optic network Appendix 6: Map of siena Leone showing proposed provincial radio backbone transmission network Appendix 7: Current Organogram - Senior Managemenl Appendix B: Revenue Projections 201 ,| - 2013 _ lltqrrc !t!.lot Prulos.tt: Siermlel lll a ngar erri Corirdtl - Notio tl Corntrissiort lot P.tvutisatiott: l'eb 201 1 ,t rt /- :a.
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E a 5 t a _l ,-1 f- Appendix B YEAR 2Afi 2C12 2013 NOTES EEIIENU E PBO$C[0N$ r:OB5]EBRATEt2Qll-20-1-il REVENUE LEt\,I 105230 120574.25 I 157391 USD (rv) zb.J I 30.1 39.3 1) 2\ The exclusivity of ownership of the international gateway may be revoked early in 2012 and that reveniie stream might be lost.

lrlew revenue steams to be created in 201 'l and 2012 after the implementation of the Slerratel lttlodernisation and Expansion Project.
These would include 2.1 Connecting ihe HQ Banks with Bank of Siena Leone in a fibre optic network and connecting HQ of Banks with their branches in Freetown and the Provinces.

.

)1 1a lnstallation of IPTV platform to provide IPTV to customers.

Connecting Government MDA's in a Wide Area Network (WAN) in Freetovn and the Proviirces.

2.4 Connecting mining areas such as Rutile, Ferengbeya, Marampa, etc to the national network and providing dala services to the mining companies.
Assumptions for the Projections are based on 'i .

2.

ARPU per month for rnobile subscribers 1e30,000 Subscriber figures in Table 1.

ARPU per month for data 1e90,000 for lX service and Le195,000 for EVDO.

3.

ARPU for Landline phones 1e40,000 per month.
.,I AllPtJ for ADSL seivice 1e250,000 per month up to 2nd quarler 2A12 after that the cost cl internet will d;op to 1e150,000 at the end of 2013. i'l Appenclix B TABLE 1 CDMA SUBSCRIBERS YEAR No of Subscribers 2010 25000 2011 70,000 2012 100,000 2013 '140,000 L/II{DLII{E SUBSCRIBERDS CD:.IA $UBSCRIBERS YEAR No o{ Subscribers I 2010 5000 I RiISC O T',]I I NVE STIilI EI.IT 2011 20,000 2012 40,000 I 2013 57200 I Sierraiel is a member of Regional African Satellite Communication Organisation (RASCOtVI) which groups 45 African Countries and one non signatory shareholder.
The aim of RASCOM is to imfrove connectivity within the African Continent through the use of satellite.

Si6natel is one of the fifteen (15) shareholders with a current investment of USD1.2M.
ISTIi,.IiATED CAPITAL EXPEI.IDITURES FROM 2011 - 2013 EXCLUDING T:XITENDlTUitE ON THE SIRRATEL (LANDLINE) MODERNISATION AND EXPANSION PItOJi:CT l" CDI'J?A\(VUIRELESSHETI{IORK} 11 1') Cost of 42 Base Transceiver Station ( BTS) equipment USD 42 X 100,000 = USD4.2M Cost of developing 20 green field sites = USD20 x 100,000 = USD2ft/ nl o A;:pr:nclix [3 1.3 Upgrade network in 2012 to cater for 150,000 customers and increase percentage o{ data custonrers to 357ir 1.4 lnstallation of transmission links to connect BTS to switching.centre in Freetown ;.
Total 2.
LANDLINE NETWORK 2.1 Cost of building local distribution networks 2.2 lncrease switching capacity from = USD1.5M = USD2.0m = USD 9.7 M = USD12.0M 50,000 to 60,000 usD 300,000 2.3 Extension of service to mining areas using Wireless Local Loop equioment USD2.OM 2.4 Build network to connect Banks and other Business orgbnization = USD1.Slvl 2.5 IPTV platlorm = USD3.0 M 'lotal Grand Total = USD'IB.BM = USDzB.sM L\BR tR{ I P 10$l Ett H\TL fREEl 0't{N ,))-t' DRAFT MANAGEMENT CONTRACT Accompanying the Requcst for Proposal for the Management Contract of the Sierra Leone Teleconrmunication Company Limited 'I'l.re attached management contr-act is a draft agreement (version l).
Omitted details [highlighted in yellow] will be made available (version 2) to the successful bidder prior to the contract award and will form part of the negotiations to be agreed upon by both parties.

issued on: 22"'l l,'cbnrary 2011 Contracting Agency: National Commission for Privatisation Countly: Sierra Leonc * g 'raljeuraraq lno les suorllpuotr pue sursJ aql uo luaulaalEv slLll o-]u!
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6u1aq 1ou (q) ro l]raJla pue arroJ llry u!


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ras pue slrnpo.rd 'suollualu!
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palsll Jjels pue stos!ruadns 'sra6eupu 'slupllnsuol 'saa,{o1dua laq}o pue lauuoslad la;g aq1 '(saal ;e6a; a;oeuoseal uoBelru.rll 1noq11m Eurpnpur) sasuadxa ||e ple '(uone6rlqo ro luau^ed 'fi111qerl 'aberuep 'ssol leguanbesuol lo ltratlpul Aue Eurpnpxa) uoqeOrlqo pue luauAed 'rqllqel 'e6euep 'sso1 lue sueaur 'quauarrnbar 1e6a; alrluepqns pue sla^a-l af ueturo#o.l trlntu!ull.
{ J4elS luarua6Buecd 5SO'J aL t i_torsj3n i_:iv,_\lr_l -,.1:)i'l :ut llalqns 'ssaursng aql Jo uorleqstutupe puP uotst^ladlls 'luarr-ta6eueul tatl4 aq!
'saupcl prlql ol bulrJajsue{ lo Eulpel]uol lnoqllM '/,llrajlp asllj3xa ol (e) :suoqe61lqo Pue s3!llllqsuodsal 'sa[uolpne lereua6 6ur*o1lo] arg aneq l1eqs la6eueyl aql 'ural aq1 6u1ltr6 r:r6euegq aq.l to sallnq lelaua9 7 q3ea 'pe4uof, srll Japun sellnp pue suooeFllqo s11 1no but,ttler ut 'qire1 poo6 ;o uoqeEltqo parldtut ue a^eq lleqs A1ted (p) pue lpaAelap ro p1aqq11m Alqeuosearun aq lou lleqs leno.rdde ro luasuof Llrns 'I ed Jaqlo arfl uorl Alrpd auo Aq pa.rlnba.r sr lerordde ro luasuo) e ranauaLlm 'uraraq paplnord asr/vuaqlo ssalun :esra^ af,r^ pue lelnld aql sapnllur regn6uls aq1 (r) (q) ug paloubl aq lleqs pue Aluo af,ualuanuol :o1 a:e sbulpeaq at4 (e) lluaruaa-r6y stql 6urru1suo: :luauqar6y s1q1 u1 tro-nlreE]5rdrErul Z'I 'lle4uof, s[.n Jo suual aq] q]!M alueprotrle ul eul] o1 aufll u1o4 paulpoul aq Aeu se '(-ra6eue6 aq1 Aq papurold uaqru) (s)arrua5 pepuaurv aqf (!
!D pue 'IroM Jo adors aq:t (rr) 'pe4uo3 aq1 1o ,(poq ulpul aLF Jo z asnell (r) tapun 'uollpIrull ]noqllM 'relnf,Fred ur 'pe4uo] sull repun ra6eueyl aq1 Aq fuaru;ap pue uoqeredardtoJ srlqpra^rlaO (q) pue '"""""' ssausng uollellunururolalal aql ;o suoperado pue luau:a6eueuJ aqJ roJ sa:1ruas aq1 (e) '(]:erluo:) srql Jo suJiel eql q]!M alueproffe ur eu,l o] aurl uol1 paulporu aq leu se) """.'

alnpaqrs ur palletap sV .

saf,!

as >1roiy1 4o adorg asnel] ul pauuap sv eal uo!leul.!rra.
!- ""' asnel] ul Deuuap sv ruJaI 'u.ua1 atq Euqrnp ssoulsng alp roJ Alaltssar6ord a631qre ol e^t4s lleqs la6euel4 eq] qlrqm 'z alnpaqrs ti slana1 alueu:.ro;rad 1a6le1 se pagrrads a)ueuuolad Jo slanal eql 'luauraa-r6y aql repun salqelaA!leO se ;aEeue11 sleAa-I afueturoJl.la.t la6ieI t), :JO :Ilnsal lla lll, aql sr alnlej qlns araqm (uorpnpall ol pa[qns rq ]ou llPqs aaj paxlJ aql AlSulplorre pue) sla^al aluPtx.lojlad LunLululr{ aql alarqle ol arnlrpJ roJ slqetl aq lou lleqs :a6euerr, at;;1 ( rr) pue :lrPrluol srq) ol luensrnd ra6eue14 aq1 1o suoqebllqo pue saqnp 1e:aua6 aql q]!M alueprof,le ur llDls pue erel slqeuoseal pue 1a1e6 a^BlaJJl aq1 o1 .tot.td lualeira;d la^sl eql ( ( I V :Jo :aq6rq aq1 sl ra^aqf,lqM ol luauala leql apnord ;1eqs :a6eueyl aqe uaql '1.ro1y1 ;o adols aql u!
la^al af,ueulro#ad urnurtur6 e Jo ltra[qns eq] lou s!

ssaulsng aql -Jo luaualts ue araqM (t) :lEqTFEFi 6.j-d 'UoM Jo edo:5 aq1 u!

pstels se asel qlea ur 'slalal alueuroJrad 1a6re1 aq1 alalqle ol syoJla alqeuosea-l rllegrrautuot a)eu pue slalal alueulroJuad ulnuilur6 aql anatqf,e oJ ue;d luaudolanap :r6ale.Os reaA ang e aptno,td o1 0) (o) isuoqelndgs ann:adsa: aql qtlm atr0pplorf,e u!
IroM Jo ado:5 et4 pue lf,e4uof srql 1o r$oq uleur aql ur peuDads syoda6 aqrl lruqns ol lpalnbar aq lleqs tltVUUlIS ;o 6uqum u1 ;eao:dde Jopd '[.

seuoa-l Jo uns e / ueld lenuuv aln ull lll\rdulls aql Aq pano:dde q1u11 anpradsal aql spaaf,xa uopsanb ur quauarnrord aq] araqm asef, qtrea ur '-ll_LVdUIIS aql 1o suouelado pue luaua6eueu aql qtlm uo[]auuol ur parlnbar ro papeau aq leul se '-13Iy1U=IIS Jo asuadxa aql lp pue Jo lunolle aqq JoJ 'Jo aureu eql ur lsaEllua pauMo alels roJ sMel luau:alnro:d qlrM aull u!
ssaulsnq Jo asnol fueu1plo aql ur sal!ruas pue luaurdlnba 'sarlddns 'slelialeur qrns aseqund pue urelqo ol eql pap 1are1 Aq pa.Jrnba: se slunolsqaql Jo pepnpuol aq ol 1;pne lerlpopad asnef, pue sprepuels fu1snpu1 luapnrd tlllm luatslsuol sprofal pue lunolle Jo qooq rado.rd u1e1u1eu p,re6ar srql ur pue ll-LVUd3IS Jo spurq aqq 1o 6urlpueq pue 6ununor:e eq1 asrruadns or (p) " (r) (q) lslala-l elueuloJ.red unulur6 aql Jo luaulalatqrp aql .lo 'sseursng oql Jo pnpuol a^plaJ;a pue luaoqga oql (g (V ) ) :t ted u-tl ':aEeueyq aq1 1o luau6pnl a;qeuosear aq] ul 'lou plnom sarsap qrns papl,rord olaraql padsal qllM preog aql pue Alr:eder fuosrruadns sll u!
df,N Jo sarlsep aql o1 lq6raaa ;1n1 6unr6 pue 'sMe'l alqergddy raqtro pue sluasuol aLB 'l:llVUUlIS Jo uoqetrossy Jo salf olv atp 'guauaar6y strll ur paureluol suonellultl aql - (D (r) ?b ,raurlo ro ssaulsng agl ol palPlar Salllnnfe lo salls 'sl]oM 'sal1r11:e; 'sastuajd 'seole i(uu saurlt alqeuoseal lle le lradsu!

pue llsll ol sarrEeluasaldai pasuoqlne sr!


ro l:lIVdu:lIS eql Jo slalu+o pue slollarlp 11e .ro1 ssa:le epnord '-llIVUUliS aqtl ^q pue lsulalsAs uollef,runuulo)a1a1 ;o luauta6eueu alqelgo.rd pue lualfuJa ur aluauadxa .ro luauldolalap puP tllleasal umo s,:a6eueyl tuo.4 Euqgnsar Moq-Mou)l ateudordde -llIWUlIS aqt ol alqellele a)let!
ol lal pue aluslslsse pue dlaq lelluqtral llfirut36 ol alqelte^e e)leu ol 1r(orl-Mool pue aluauadxa slr Iq lu3ueq lt la:1nbar auq otr aurl uro4 Aeu preo6 aql ro dlN se uoaJaql paseq q-roda.r ro slle.qxa qrns aledald pue ssaursng aq1 o1 6ut1e1a-t sluauJnlop laqlo pue a:uapuodsar:o: 11e 'papanbal os ranauaqM 'sarrpeluasaldal rpasuoqlne ,t1np s11 .ro preog aq] pue df,p :o; atnpo-td (b) (d) (o) (u) lssaursng aql Jo lrnpuotr leurou aql q11m Eupalralur ro / adord -to suos:ad o1 olsp 6u4;onut A:uabraura Jo suorlenlls qllM leap o1 fuessa:au saErnlDe lno fuietr ol .,,(u) issaursn8 aql jo lsaralur aql u!
alqeshpe lb r{:essarau araqm l:[IVdUfIS Jo aueu aq1 ur qq6ry /ii.radord lenpallalul 1o uone.qsg6a.r oq1 .ro3 ap4o.rd o1 lssaursng aq1 o1 alqerrldde se as!^ aqlo pue luauruorl^ua 'Ala]es 'suoqerado 6u1tua:uor 'sapor la)|leu pue u:a1srG 'suoqeln6a: 'slre1 alqerrlddy qlun a:uerldu.ro: lol ap6old o1 :quasuof, Aue 1o lerraaua: ,to luer6 aq] aalueJen6 lou seop .ra6eue61 aql 'leql paplno-rd 'sluasuo3 lle Jo lemauar pue aluenssr eql roJ suoBellidde ']fIVuuaIS Jo Jleqoq uo alu pue aredard o1 .ssaulsnS a{l ro; fuessa:au slH6U pue sluasuoJ'spuel 'saluedojd 'sallrllleJ palelal pue slasse suqrlellunuurotralaf Jo uousrnbre aq1 puauuolal ol :ElVdUlIS Jo saryadord aql alerado pue ulstureu ol :sarpeJd luaprud qlrM af,ueprolle sa!
tllleJ suooellunuJurof3lel aql alaado pue uleluleur o] ut (r) (>r) (l) (r) (q) (6) ,.
'aren[ey1 arro3 (3) :luasuo3 Jo asdel (S) :ll_L\fdU3IS Aq papalas siasrlpe ro sluellnsuol 'sroltre.quor-qnsl'srar;ddns'uoEelluJrl lnoglgn'6urpn1:ug sal1ed pirr{t rg I;1IySUIIS Jo suolssluro .lo stle (V) Zl, 1:1.;r lri Lii plaq are lll.VUUlIS Jo spunj aql q)lllM iq luauaaj5e lue olul lalua jttrv)tilrJS aql Jo ssaulsnq Jo aslnof, fueutp.to aql ul ueql laqlo 'Ayadold raqlo ro sallunles 'sareds 'slool 'saqtlllei lo su:a1sAs uollellunLuuolalel 'luau.rdrnba 'sleualeu 'sbutpllnq 'pue1 1o padsal u!
[pieog aq1 iq panordde ueld lenuuv s,.reaA luena;al aql ul las lllu!l aq] / o[saucial] Jo ssalxe ur luaullsanu!
auo iue aleu '(r) Z ssnell o1 1rafqns i [preog eq1 Iq pano:dde ueld lpnuuv s;eal luerra;al eql ul las lltull aql / r [sauoal] Jo ssarxa u1 r(auou.r ;o 6uruo.r.roq aql ro, luauraajEe Aue olul ialua (r) (q) (e) pue preog aq1 1o uonnlosai {q Allergrrads .ro :lou leLls ra6eue61 aql 'dlN Aq penordde pas!.lotllne ssalun ^11eraua6 se[!^l]f,V papnllxl r'1, I' 'slunofle s,lllvuulIS lo llpne pue- isalnlnsantp pue suotllstnb:e pureDe lo r{q itgrvuu:ls sbulpaaro.rd fuo1e1n6a: pue le6a; 'u1ege 1e6a1 slolerado NSg ol 6unelar sanssr uorllauuof,ralul lslasse pue ssaulsng sll 'IIIVuUAIS uop:rpsunf q]/v\ saquoqlne fuolegnEar aql qllm suoqela.l _iano (i) (r) (q) (6) 0) (a) isaf,!ruas sll roJ IIIVUUIIS et11 lq alqea6req: sableqr .largo pue guel 6umas :ttlvduils ' 3o leuuosrad aql Jo al!rues Jo suual pue uorloluo-rd 'a6:eqrsrp '6uurq (p) l((r)7 asnep u!
palelndl5 ssautsnq lo asinof, fueurp.ro eql ur slueurarnrord uegl raqlo) quauarn:ord leuorlelado pue lelrder (r) issaulsng atp ;o qradse ;;e rol 6u1uue;d ural 6uo1 (q) ssaursnq 1ana1 q61q Euptas Iq ssaulsng atg;o luau:dolanap o16a1e4s (e) '.sanrpa[qo ' :6uttvroq1ol aql aq llpr.
{s preog aq1 lq apeut aq oJ suotsrrap,{l1od tofeu Joalaq sasodlnd aql joj .I]IVUUIIS Jo luaua6eueu aq1 ;o1 sarrg;od 6uge.rado lle autuxalap 11eqs.ra6eue6 eql ,preog aq1 Aq apetu aq lleqs suotsllap b11od loteul lle lcqt os!^ord aq1 o1 pa[qn5 sa!
)!lod Eulleraclg I +L i I ):iir,, 'llel.luoJ aql lapun suolleollqo sll l0 oluelulolad aq] ioj raoeuPh,l 3t0 q parlnbal lllVUU.lIS Jo lolluoi ro uolssessod eq] urqlrM uoqeulroJul lle lelap lnoqlrM pue Alldtuo.rd aptnord ;1et1s IIIWUIIS 'ural aql 6uunp asuadxa SJI.LVUU:IIS le sluasrlol aql Mauar pue uleluleul 'utelqo ol alqlsuodsal aq lleqs I3IVUUIIS 'salluoqlnv luElalag aql aroJaq lll-\td1lls Euquasa:dal pue sa:uereadde 6uqeu pue srvrq alqe:rpdy etn Jepun pa:tnbal sP Uoddns ul uoqeurlo]ul pue SueulntroP lle LelM suo11e:11dde aql 6ultU pue 6ulledald la6eueyl aq1 ol lrafqns 'ssau!sng aq1 lq pa.lnba.r sasuadxa 6uquado pue lellder 6ut1.tot* 6utpnput sallnosal 6uqe:ado pue 1e1rdo 11e rol alqrsuodset Ala^lsnpxa aq lleqs lfly5ul15 per:luol srql rapun ll se labeue4 suo11e6r1qo sl!
Jo alueurolad aq1 .ro1 allnbal ilqPuoseai aqg o1 uoqe.radool pue eluetrssse tado.td pue {1aut1 pualxa lleqs I;1IVUUIIS ^eur 1,'I'5 E'I"9 Z'T'S I'I'E lMUlIs lo saltno leraua9 -lll\ruulls aql |o sellno lPraua9 5 T'S 'p-reog aq1 itq panordde tll-vuulIS .ro; ueld raqto Aue ro ueld uH a{l 'ueld lenuuv aq} Luo.I} }edep pue :lSlVUUfIS Jo sraplotlaieqs aql Jo Eullaau e u!
auop aq o1 parlnbar are IIIVUUIIS lo uolleDossv Jo sapl}v aql lapun qr!q/v\ 6u1q1 ro pe Aue uroyad :o op 1(l:wUU:1S Jo suoqe6l;qo anrpadsa.t aql Jo a.reMe sr :a6eue61 aql leH luslxa aq] or) rtued p s!

llawu;lis rlf,!r.

{/v1 ol luauaa:6e lue.lo sMe-1 alqerrlddy aql'slussuo] 3ql rapun I=IIVUUIIS 1o suo[e61qo aLE q]!/vl Juelslsuolur 6urql ro lre Iue op :ssaupalqapu!
Aue aalueren6 ro lauour pua; :qasse ro ssausnq s,lllWUlIS 1 1o yed {ue 1o asodslp .ro ubrsse 'raJsue4 'eseal 'raqunlua 'aDpald 'anurluorsrp iAruarnr Aue u1 1ua;enrnba qr ro [.

]sauoal spaalxa Joaraq/v\ anle^ aql ro real (I) auo sPaalxa Joaraql ural eql ltre,t1uol lue olur Euualua ro pe4uof, qrng due Jo luaulpuaue aql -ro1 .ro Eurplrnq Aue lo uotpn.qsuol aql loJ luauraa:De olut lalua ^ue 1[quatuaar6e rofetu Flll Jo uollerurpour aql ol padsa: q11m suoqello6au pnpuol .ro lllpout (!)
(D (q) (6) 0) (a) (p) <b 'saqnp luqpalatue slr txrolad ,lpadord pue ilaurg ol lllvuu-lls lo arnlreJ aq] ,o llnsa.r parlp aql s!

llnelap qlns araqM sallnp q!
Jo a ueuroJ.rpd aq1 u1 llneJap e ro1 alqell aq lou lleqs ra6eue6 aq1 (q) pue isJ!1np luapalelue nt 1o a:ueu;oyad aql Jo lllVUUlIS Iq ielap aq1 o1 Eurpuodsarol papuatxa aq lleqs sagnp i q1 ;o :a6eue6 aq1 Aq arueuuolrad .ro1 arurl aLll (e) :A16u1p.ro:ry'saRnp anrpadsar s11 1o :a6euep raql Iq arueurolad eqq o1 luapara.rd uonlpuor e eq lleqs sa!$p sll Jo lll, \fd1li5 ilq arueurogad radord pue llau:q aq1 'luauraar6y slqt rapun seglp sll Jo I31y6UIIS Iq arueuuopad aq1 uodn luapuadap sr ra6eue14 aql:Iq saqnp q!
Jo alueuuolad lgau-rr1 pue rado.rd aql aJaLlM ) rd z't 'llIVuU=lIS Jo ssaulsn8 pue sbuoleyapun 'saluadold 's?llllllel 6unptodo 'salryas uo!lef runuuofalal aql 6ur1e.r'ado i pue Eurure,lureu 1o sasuadxa pue slsol lle pue lsarued p{lql pue slope4uol-qns 'sropua^ ' aurolsnl 's;aggddns sl!

pue IIIVUUIIS eql uea/vqaq sluau:a6ue.ue lo spaquol ro satruaf,rl 'saseal 'sluasuof, at11 repun sa6req: pue seal ;1e;o sluau:Aed :E_L$dU3IS Jo sanradold pue Eugleyapun aq o1 6upelat saluernsul uo urnrruald af,ue.lnsu!
lle ' (p) (r) (q) l6uro6alol aqrl;o Aue ol uogelal ur la6eue11 aqg pure6e epeur sluaussaise lo sulegr Aue JoJ pagturuapur "ra6eue61 aql daal lleqs pue ssaulshg atg pue lfaVUU315 o1 6uqelar a111 aq1 pue q.rodul 'sanuanar'sbu'plelrapun'sauado.rd'sualsls uollellunuuof,alal aql o1 Eupelar rJalaoslptlm pupl lue 3o sa6reqt pue sanp llqnd 'sluaussasse 'saxel sales 'sasl)xe 'sa[np 'slsodtut 'salnal 'saxe1 11e (e) :lo1 alqlsuodsar r{larrlsnpxa aq lleqs IfIy11UIIS L' r'S 'aupal eltals u!
IJoM pue eplsal 'olul Jalua ol gels luaula6Euehl a{l -roj fuess3lqu se 'sgtulad Jarno pue 'sesr^ ,sassed luaui{o;dula ,s}lrJlad IroM.ro3 rabeughl aql Jo suopellldde Jo luer6 rol sUoJJa lsaq E!
asn lllm dlN ro 1:IIWU3IS'smq alqect;ddy 11e q11rvr sarldruo: rabeue6 aql papt^ord 'rapuna.laq suope6llqo s11 ;d arueu_royad :ado.rd aq1 to; ra6eue6 aq] Iq papanbal :o pa.rlnbar llqeuoseat sasuodsa], pue suo[esuotpnu 's1uasuol 's1eno;dde p1e [elap ]no{llm pue r(gdu.ro.rd aprno.rd 11eqs l3lVUUlIS 9'T'9 s'r'5 lF hl, ffi iuvuSl'l I N :lu{Y l1u!d, i I tr)!Sj:l/\.

i :i li a:j : -, !.
i :i li a:j : -, !.

t j lo] raoeueH aql Jo uolllldo aq] ul aul] ol aul:l llorJ irallnl')al aq APu l sp Jjets luaulaoPueh 3r.ll Jo uoddns ul selelluJv Sl!
i ) salulo aLll :lP io alujo atuoll 9lr ur burpnllul uoflPslueolo s,Ja6euehl aq] ulq:llM sall^-las li:llul'lfal pue luauabeueu, apl^ord lleqs iaoeueN aql ,Jels luaula6euPN aqq ol uoltlpPe uI 'ural aql 6ut:np slana-1 alueulolJd ulnullulN aql uleluleul o1 (a)7 asne13 rapun suoqe6llqo stl uloll la6eueyg alll asPalal o1 punolD e aq lou lletls dfN pue l.[vuu]Is Aq uonepuauu-tolar s,raoeueN ar11 ;o uotpa[aj aql '6 asneD rapun paalord lou saop rabeueN atll lI '6 asltell raPun paalord ol lq6u aql a^eq lleqs laEeuPN or..ll uollPpuaulu.lola-l s,.la6euew aln sqtra[a] dfN pue llIVdUSiS JI 'Alllqlsuodsel pue af,ualledxa 'uogergllenb luale^lnb3 roJ JJels luaura6Euel/{ bunslxa aq1 roJ leql ql!/v\ a}ejnsuauuol uoqelaunual Jo la el e 1e lauuos:ad u61a:o1 leuoqtppe qlns Aoldua rauearaql leu ra6eue14 aqg (poLrad leql ulqllm sanordde ro) pouad Aep (sf) uaauu aqt ulr.llrrv\ pe 01 slleJ df,N pue l=IIW8;lIs a{l JI 'uollepuauluolar s,ra6eueyl aql eno:dde o1 1q61r aql eleq alllou qtns Jo ldtalal 6uu*o;1o1 sAep (91) uaauu ulrflrm lleqs d3N pue lff11"6UiIS pue suosear st!
bulntD '6uqurvr u1 lj_LVdU=lIS Ajrou 11eqs :a6eue6 et11 '""' elnpeqrs u!

LIUoJ tas raqunu uinullxet!

atgJo sselxa u1 leuuosrad leuo!1ppe 1o 6uutq salellssafau slanal alueurolad unururl/\I aql Jo luaua^alqlP ro, ssaulsnS aql 1o luaura6eueu aABf,aJJa pup luapu4a aql ra6euegl aql;o uolutdo alqeuosea.l aqt u!

J!

pouad lenrul aql Jo tuldxa aql uodn 'wHI ulHlunl osolnoud """""" alnpaqls u!
rn-roJ las laqunu urnulxeu aq1 o1 dn Je15 1ualua6quer{ €rll Jo sraqLueul se lauuosrad leuolllpPe qrns ioldu:a ;ayearaql ileu ra6PueN a$ dfN pue -llIVdUjlIS aq1 Aq uonesgoqlne uodn pue eloJaiaql suosear s1r 6u1nq6 Eurglrm u1 dJN pue IIIVUUIIS ,{Jnou os lleqs l!

JJeIS 1uatua6eue14 aql Jo $aquaur ge puuosrad leuolllppe go 6u1rgq salelrssaf,au ssaulsng aq1 ;o luauraEeueu a^lDaJga pue lualluJa aq1 ra6eue6 aqt Jo uoruldo at1t ur J!
pouad legruJ aq] Jo fu1dxa uodn MI OfgIAOU4 1pe4uo3 srql rapun suopebrlqo s1g ur.rogad o1 ra6eue6l aql ro; ,1JetS luaua6eue6 aqt Jo Arenbape aq1 quer.rerrr pue quasardar la6eue6 aql gels 1uaula6eue61 aq1 Eurspdruor lauuoslad pai(o1dap qr ylo.

ed s11 uo futer pue {oldua i(eru ra6eue6 aq1 'lllVUdlIS o1 luauAoldap laql Jo antltn Iq IelS luau:a6eue6 aql pue ElVdUliS uaa/vqaq Ounslxa se pasruDora.r aq .ro lslxa ;1eqs drqsuorlelat 1e6a; lelluts e lo rbuabe '1uaulo1dr"ua ou pue 'suoDfn4su!
SJJIWUIIS Jo Insat paJp aql s!

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Jlpls luaurabeue6 paleuErsap qr a:e1da: pue aloutet ,lurodde ol llgoqlne alos eql a^eq llprls la6eue6 ar{f lauuosrad Aay aq1 o1 6u11e1at 2.9 asnelf o1 pafqn5 'urel aql loJ -I;LVdUIIS o1 suotlsod paleu6rsap :o1 paloldap aq lleqs oqm Jlpls luaua6pue6 aql alqpltene a)eu lltm _ra6eueyl aq1 1,'I'9 E'1'9 Z'I'9 I'I'9 JJElSilueuaTEiIE I I"9 lsuuosrad I (L &rol Jo pouird E ulqJrM u?id uH -lllvuulls.
'ra6eueH aql i)ue 'ue14 6ur.ge15 e Jo lslsuol lllM (Sl) anU urq rM ueld UH ^lc, ;tql uo aerbp ol llns lc)t la}-teal3tl] lletls dlfd ',(luaurdolanaq pue 5utute.r1-',{rt1o.1 6ugei5 ueld UH aql 'aleo a^ttlaljl atll 1o sAep ue luasard pue atedard 11eqs;a6eue6 aq1 I'tj9 isuuo-slEa-EIMujB [,'9 aq] roj s!

JJeIS 'sarlnp antl:adsa.t Allltqe{ns pue uollelglrenb 'acuapadxa Jo sural ut alenbape luau:a0eue61 luauereldal aql leql ainsua lleqs la6eue6l aq1 aq1 ro; fuessareu s!
se aruapadxa pue lMs q:ns ssassod lou ssop (:) 'sJpnp slt{ Jo aluetuloyad lado.td ' Jo irt!

:edP:ul 1e:s{qd .lo lp}ueur .ro luapp're 'ssaullt Jo suosear roJ Apuaueu-r.rad .ro llpe.rodual: raqlra saqnp sltl uuolad ol alqeun saulof,aq (q) Jo laf,uaJ;o {ue 1o paplnuor .ro/pue pa6leq: s!

(e) -:oqm JJE1S luatlabeuell {ue arelda.t Ilalerpatuu.rl 1leqs ra6eue6l aqt 'a^oqe.I'E'9 asnelf o1 arrpn[ard ]noqt!

A z'E'9 'dlt!
A z'E'9 'dlt!

pue lllvuuSls ,o luasuol uaBuM -to1ld aq1 1noq11rur saf,lruas aql uo pasn aq; lou llells pa^ouar os JJeIS ]uauraDeueN aLll 'lueLueseldar ale!

:dordde ue aplnord pue JJeIS luauabeueyl qlns alourar qllmqloJ ;1eqs ra6euegl aql pue qua6r16au :o lualaduolul aq ro Jlesraq ro Jlasurrl llnpuof,slr.u 'dlN pue llfVdUlIS 1o uoluldo alqeuosear aq1 ur '11eqs oqrvr JetS luatua6eue6 lue o1 :abeue14 aq1 o1 6upr-rrvr u!
alpou Aq patqo o1 Ayaqrl '1e aq ra6eue6 eqt q]!M uollsllnsuor o1 pafqns 'lleqs dfN pue ]]IVUUIIS I'8'9 JJES lusulebeuel^l Jo luaura]eloeu pue ic^orxau t'9 'dfN pue t=[vuu3ls ot paJJa leq] 91 alue^pe u!

alBou ,slaarr (g) ]noj ueqt ssa; 1ou 0urn16 Iq lauuosra4 lay ar4 a6ueqr,631i1 pue'llI\ldUlIS aq1 o1 6un1rn u!
suoseal aql pasoltrslp Duirreq pue luauaarEy s[o iapun suoqeDlrqo s11 1o atuetuoyad :adord aq1 ,to;: .ra6eue61 ag1 r(q fuessafau paraptsuot alaqr* to (a>p1 aq1 ro sllturad 11orn 's11ulad uopel61u.tu1 'sesll Jo uoqelonal Jo leMaual-uou 'aruenssr-uou oi anp 'EulpnlruD loluor q1 puo{aq saluelsurn Jp .ro; Aetu ra6eue6l aq1 'E'b asnelf ol pa[qns 'srea^ [(Z) orv\r] Jo ulal unullutur e loJ -l:tIVUUfIS o1 p5{o1dap a.re lauuosrad lay aql teq} elnsua lleqs ra6eue6 aql lauuosrad Aa) alll z'g , 'luaulaatby s1q1 o1 luenstnd uaql ol pau6lssp sal!ruas aql 1o arueuuoyad iar4 ur A;anrsnl:xa pabe6ua eq lleqs ge15 luatuabeueh, aql 9'r'9 'plesalo;e yoddns ar6 1o sasuadxa pue slsol aql ra^or lgeqs aa3 paxH ar[ .sa]!ruas aq] Jo elueulolad fuopeJsites x) I LIOtS-r:l/\ .L jiJ l::j (lJN .,(rl ua^r6 aq $nur le^otdqe uor]lsod leuaoeueN e Lrl sl -l;lIVUlllIS lo JJels qlns Jl leql ofcl1oud luatua:e1dar alqeltns e qllM JJels pesslurslp aq1 a:e1dar qllMquo1 'ra6eue14 arlt Ad patsanbat os Jl 'lleqs lflVUUlIS 'st*e1 alqertlclde eql tltlM a)uepror)e ul sie^al slueuxoJad aql Jo lualua^alllre aLll o] uo[]rulsqo uP .ro uopdt.osap qp[ s1q .ro1 elqe]lnsun pue lualpaqoslp '1ua5rl6au 'lualaduorut a>1eul llPqs lll\/.JUlIS aq ol iaoeupN pH Aq paullou sp ]uaurq)ualla.r lauu ^ue Jo lua uP :lua !
'9 ':a6eue6 aql riq uarrt6 suotpmlsu!
ro siaplo ro llnsar llallp aL[ sr uolsslulo ro ]f,E qlns alaLlM 1da:xa 'saaAoldwa qlns 1o yed aq1 uo uorssltuo.to l:e r(ue toj sraqlo ro lll\ldu:lls t!1 .rou 'uogesuaduol ro sa6em rtaql rol saaAoldura qlns ot anell ?q lou lleqs leEeuehl aql puE llorAed s331y96115 uo aq lleqs saaloldu.ra qrns leql sulguol pue s6pelmou)lle :[ aCN Aq parojdde pieog / p.reog aqt Jo e^Rs]uaserA", p"1"uO[lf el qEnorql .ra6e{-re61 aq} Aq ua)e}apun aq lleLls segnrlle qrlqM'getrs a^r-lnlaxa aqt durpnpur 'lLIWdlIS;o sae^oldua lle Jo srueianas pue a6reqrsrp 'Lonotro.rd '6up1q aq1 u1 .ra6eue4 aql o1 uoge:adoor pue aluelsrsse I lduold pue llry puaxa lleqs lr leql queua^ol (r) (q) :sa^lmlpxa qr Eugpnlrug 'fafVUUElS 3o saaAoldua lle Jo l.roM aq1 asgruadns o{.ra6eue6 aq1 o1 1q6u a^lsnpxa pue elos aq1 s1uer6 (e) :IllVdUlIS 'ueld UH aqt Jo srrnat aq1 o1 pa[qn5 €'1,'9 'sla^al alrueuuolad unululli{ aq} Jo a]ueuatrureur pue luaua^arqfe ro} alqlsea1 se lLIVdUlIS aq1 ;o lauuosrad lplol Jo asn urnurxeur aql aleur o:t sp os dn u/vlerp aq lleqs pue eloqeulaiaq Euluuegd uolssaltrns 'luau.rdolanap pue 6u1u1e.q 4eqs 'qrJaufuedap pue lauuosiad ;o 6upnpn-r1sar bupnsua slaueu luaua6euetu arinosa: ueulnq.lle ssa:ppe 'u:nu1u!u e se 'lleqs ueld UH aqf (rarWu:tS Aq Pansst uaaq seq aleulupal ol lualul Jo atlloN e ra{laqm Jo ssalple6at) Eulnuquor sr pue parnf,lo seii t'z'st asnelf rapun llneJao lo lur^f la6eueN e 1r e;qeAed aq lou lleqs aaj uorleulu.uag a{f '1EE-pEpr.I-dTd ,eal uolleulullal aq1 pled eq lleqs ra6eueli aql ples-aroJe se :a6eue6 Aq uorleurulal Jo luala eql uI 'slep (gg) ,tUtrll lo por.red arqou ples aql ulqllm ueld UH arlt uo luauaarEe qrear saupd atf 1paga u!
anunuo] lleqs luaulaar6v slqt pue asde; 11eqs alrlou uall:m ai1l 'leq1 papllotd 'alnou ualgrn ag1 ;o lep (,oOe) UiaUtUt aql uo a^oraJJa req ol uo[eulutal q]ns'13l\ldU;1IS ol araou uapurvr 6unr6 Aq luauraal6y qlql elpuluxal o1 1q6p arfl a^eq 1leqs :abeueyl aq1 ,por-rad sAep (St) ang rt{.ro; ples-eJo;e aql urqltM ueld UH aq1 uo aa:6e ol alqeun oie safued aql lua^d aqq uI 'sulal q!
qllM alueplorle ut upld 6g aq1 luaualdtul o1 paa:old 11eqs la6eue6 ag1 'luaruaa:6e uodp .tagealaql sAep (g9) aag z'v'9 U' pue palretap aq lleqs stpnuet!

6utute.r1 aq1.
'aulue.rflolcl 6ui(ile.t1 all.l 01 6ulureyad sl"nueu.t 6u1u1e.q elern:re Pue alalduof ai,l^old lleq:i -!a{reuelt aqj- qEREER]Jrii r- et-l- ruaua6eueu,arsupr","^,rIo"it:i?r':'il:,,tliXiiJiA1Jili::,11,':li,l,: aql uaaMlaq pira.r6e se atlue:oold 6uru1el1 aq1 ol sabueLp paltnbal aqr a)teur lleqs ra6eue6l aql pue auurelEo.rd 6uru1e4 aLl't Jo uorlelurpour lsanbar aLuR ot aurB rro{ ipru I=ILVUUIIS 'ueld UH aql u1 aururerEo.td Eulure.t1 oql lo lualuof, pue uErsep aLn uo saltred aqr;o luauraarbe aq1 6u1pue1sq11m1o1 suuEi6o-rcr6u.rr{=1T'r-3e-E[Eq:' v' L 'au.tue:6old 6uru1e-q atp 3o upgequaualdu:1'aq1 o1 padsa.r qllm lsanbar (lqeuosear aurq o1 aurH ruo{ rleu 6311 ro l:[vdu:lls se qrodal pue uorleufloJu!
raqlo tl]ns dlN 11eqs.ra6eue6 eql '.raqyn3 'uro!
a]aql pue l:[WU;lIS iot luqns umerp suorsnpuirf, Aue 6utle$ pue MalAaJ pue suoqeuluexa qlns Jo tllnsar .aql quol 6u1paE loda: r(palenb pallelap e dlN pue t=[VuuSIS ot ]lruqns 11eqs .ra6eue61 5q1 'Joeraql a6exuerpe 6u11e1 are 6uru1e4 aq1 6u1nlatal suosrad ar.r1 jaQlaqr* uleliaf,se ol pue aurue.rFo:d 6u1ule-r1 aql Jo Aluallu+e aql euluiatep oi 6u1pnpu1 aurure:Eold 6ululeq aq1 1o sanqrafqo aq:l anarq]e ol alepdorddB rg fuessarau aq Aeu se auurerEold 6urute.r1 eq1 1o ssarDo-td aql pue saeule4 Jo suogeuluexa crpolrad qlns lno fu.re: ;geqs .ra6eue6"aq1 ^pdruord buQrooar puc tror.leu ruitrx:l F,'/- 'A1lllqelns rlaql pue aluauadxa 'suogogllenb .rraq1 uo paspq saaule.g eql palas o1 uorlarf,slp leuu aql aleq llpr-ls ra6eue6 aq1 Esuiqlo_m]FeF$ z'L ,tuaura6eueur '6u1:eau16ua ',"rixl]li''t"irl',,i,1ffi"t'-i;-,'ffi:l;,:,''=:,,i:l; aq1 1o q:adse lle ssa.rppe lIrn 6u1uter1 q]ns 1;IIVUU315 1o lauuos.rad aq1 io; peoiqe pue iauoal elars u!
uollpf,npa pue 6uru1e.q roJ salltllleJ pauueld pue relnEar aredard pue aslueElo o1 uogebrlqo aW aneq ;1eqs .rabeueyrl aql 'pErluoJ laql 1o furdxa aq1 uodn ;e15 luar-ua6eup[4 a{l a]eldat ol paurp4 aq lleqsioqM 'Iedralunof, 1ero1 e pauDlsse aq lllm 1;els luaura6euegl aq1 ;o .raquaui q:ea 'uone61lqo srql 1o yed sy 'sauusbold atrruas -u1 pue qol-aqljuo apnpul lleqs lauuoslad 1etol 1o 6ugure.r1 q]ns .ssaulsng aql Jo suoneiqdo pue luaura6eueur Euro6uo luapula loJ llry aurnsse llQedn uer ;auuos:ad 1eto1 'luautaalEy srql 1o uoqe.rldxa ^llltqtsuodsa.t uodn 1eq1 alnsda o1 annf,a[qo aq] qllM -tgIVuuSIS;o lauuosrad 1o 6uru1e.q o1 rQpopd q61q qng6 11eqs ra6eue14 aq] Iq pareda.rd ueld tH aql IIIy6UIIS ;o lauuos.rJd 1epol 1o 6urure4 .ro1 uorle6rlqo aq] alell lleqs raEpuEN aql sEoirEbIEoslrsEEEEE vL 6ululul1 e-!
qlns le jo) iiuliaaul aql le apeur aq lleqs r'lrll-y'^ []r:oc 3tr" io rloiljrlJl) atil 'uorlepuaur uola; s,ta6eue;1 otll ot l:acisal qllm ua)i2l aq oJ Llotl:lE lo as'lno) aleudordde aql uo luauJaal6e qlea-r o1 suoJle lsaq llaql esn llL'tls prPoo aq] pue dfN 'tabaue11 aql '6u!laau aql 1v '6u[aau e qfns ]oJ lsanbaj uallljM s,:a6eue61 Jo l.liVUdlIS i(q 1d1a:ar 1o sAep (1) uanas ulLlllM a:e1d a>1e1 11eqs Ounaau-qrnS a:frf p* Pleog eql qlur'r 6u[aaru ]ua6ln uP Eutltrnn ut lsanba't or iqEU atp e^pq lleqs ra6eue1.1 aql 'uollepuaulutorar qrns sltra[ar lflvdu-jis pue -l:lIVUU;llS ol uoBepuauuolal E aleuJ plnoqs :a6euey1 aql ;I 'sertruas aql Jo adols aql qllM Eulllel sralleu laqlo PUP auuer6o:d.. Eurtite.q ag1 'ueld Ut-l eql 'ueld lenuuv aql '11e15 luatua6eue6 aql Jo laqunu i aql o1 uo0elal ul 'uollellulll lnoqllM '6u!pnllu!
ssaulsn8 aql Jo suogera{o pue luaura6eueu aql lo llnpuol ar11 o1 6upelal 63111 pue IILVUU.IIS iOl suoqepuauuolsl elqeuosEal alPul ullal aw 6uunp Aeu ra6eue6 aql 1erh paleldualuol s!

lt 'Al6utp.tollv 'slanal alueulrola6 1a6re1 aql a^alq3e o1 la6eue61 at8 ro, uraa aql 6upnp asue Aeu leq] saluelsuntrr!)
11e ro; aplnord pue aledoque o1 alqtssod lou sl lt 1eq1 aat6e san;ed atlt ra6eue14 stll lo suollepuatutuosau ^luoqlnv 'quauarnqo:d aq1 uo syoda: [Apauenb] q6norql l1:e1n6ar palepdn 63p pue -lllvuu:llsl daal 11eqs ra6eue4 eql 'Palua^unuD aq ol ssamrd s1q1 lue ala1 arg urog paulslqo aq Aeu leaordde luapuga lsol erou roJ pue fuessaf,au li tl6nor4 6u1pp1q anpnadLuor q6norql apeu aq lleqs 't6OZ lrv luauernrord gedoqell ar"r1 Aq pa.rlnbar sE ro sauoa-l urgg Jo uns aql aXoqe 'la6eue14 aql Aq lquauarn:o.rd 1y 'asnEf srt11 Aq paqsrrqepa sprepue$ aql ot uo1telal ul AlqeuoseeJ pas!f,]axa aq lleqs Alrrrqrsuodsa; qlns lnq 'rabeuey,l at{l r$!M aq l1egs ss?ursnq Jo asJnof, fueurp.ro ar4 u1 qrnpold Jo uonralas aql .ro; Alrpqrsuodsar aq1 '1so) pue Arrrqelrene 'fir1uenb '[1r1enb 'fuanr;ap ol se srsPq a^nltaduol e uo alqelle^e lou are slf,npord q:ns ssa;un auoa-1 epars Jo q:npoid Jo asn aql o1 aruara;a:d an16 lleqs ra6euel4 eql 'sseulsnq Jo aslno fueurpro aql ut sallddns pue luaudlnba Jo sluauarnf,old 11e u1 z'6 r"6 6 luAruaJnf,ord lef,o-l B a^oqe asnelS Iq pau:aao6 aq, lleqs sJossasse luapuadapur at"q iq pasodold se6ueqr {uy 'auus6o.rd 6u1g1e4 aq ;o uoheluaualdur to; alqlsuodsal ge15 guaua6eue6l eql ol pue sle!
)aleu ratflo puE slenueu 'sprof,al lue^olaj eql ol ssaf,lp Eurpurord Iq 'uopelurll lnoqqlm 'Eulpnpul ,I3IVUUfIS Aq palurodde srossasse luapuadapul eLfl ol a)uplstsse pue uoqeladool IUU st!
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pap!^old aq l1eqs qroa", pu" slepateu UO =a*"Ot?l,li Iq atuuerEo.rd Qurure4.raqynl ul asnat JoJ pue afuetaJar arnln, ro;l alqellns fuEtu-ssryIuepmo6puI 9'L (''\ '.laDSLIPN ar.

{l io salI llqlstloc]sa !

pue alo.l 3Lll l-.lll/!\ lualslsLlolur aslMisqlo s!
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altN aS PaPuauV aq1 ul.royad ol elqeun s!

1!

leq sJerlsuouaP llantpafqo o] eiqe s!


ll :Jr alhlas papuauJv ue ro1 lsanbar e asn;al ol pagqua aq Aluo 1leqs :abeue6 aq-1- 'lsanbar s,l3IVUUlIS luaua;dru1 o1 pa611qo aq 11eqs labeueyl aql '1.
[\fdU]IS Lq apeu 6uraq 636 Aq pano.rdde (s)arrrua5 papuauv .to1 lsanbal e uodg 'sluaruarlnbal slt lno bullas labeue6l aql ol uotssluqns ual lrM e alpur lleqs 11 uaql '(,,an;rua5 papuaruy,, ue sP ol para1al laueularaq 6u1aq luaualddns lo uonnlFsqns 'uoqua11e q:ns {ue) :a6euey1 aq1 Aq paprnord pue pauloyad salrrrrlpe pue saltruas aq1 luaua;ddns ro alnlllsqns 'ralle ol sdqsrM dfN yo lenordde aql qllM l.ll\ldulls leql lua a aql uI t'0i Z'OI 'df N Pue IIIVUUIIS {q apeu 6ulaq paga s1q1 o1 Ssqpba.t e uodn laaul lleqs luana Aue ut pue '1.to114 go ado:5 aq1 pue anoqeulalaq Z asneD rapun 'uopelufll ]noqilM lnq 'Jelntlued u1 'luauaatoy slql rapun la6eue1,i1 aq1 r{q paprnojd pue patulogad 6utaq ale saql^qle pue sel!ruas aql q)lqM u!
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uo4 ra6eue6 aqt asealar o1 puno:6 e aq lou lleqs lf_Ly5USIg Iq uogepuau:uolar s,ra6eue6 aql Jo uorl:afa.r aql 'ples-aroJe se ller1uol aql aleurural o1 paacold lou seop ra6eueyl aq1 11 uaaq seLr areururar o] ruarur Jo arroN e roqraqM Jo r;i;1tHi';:,i:'I#]':l pue parnrlo spq I'Z'SI asnelJ rapun llneJag Jo 1uan3:a6eue61 e yr alqer(ed aq lou lleqs aaj uo0eururaa aql 'IEqTPFp.r\:-old 'aal uorleurural aq1 pred aq 11eqs ra6eue61 at4 'Z'6 asnplS repun la6eue6 Aq uorleugulal Jo luana aql uI 'ilep (69) Iyrql lo pouad a3llou pres aql ulr$ry uoBepuauruotral eql uo luauaai6e q:eal sappd eql J!
pajJa ul anueuol ;;eqs luauaar6y slrg pue asdel 11eqs uooeulullal Jo atqou aql 'iEql pa-Fi -md 'alqou ua]l!t/v\ aq 1o u(ep (;,,0S) qlafutqf aqt uo a^rpa]Ja aq ot uolteululral qlns 'uolsllap leuu s,pteog aq1 go srtep (91) uaaynol ultplM I3IVUUJIS ol uolleulultal Jo alllou ualum 6ut^16 rlq luaulaa.r6y srql aleuruxal ol lq6u aql aneq 'uolldo sll le lleqs tabeue6l eq]'df,N Aq uanr6 s1 ;enordde leuU aql pue 6urlurvr ul (df,M l11.roq1ne 6tr1s1ruadns s1r ruo.r; leno.rdde Euqaas rage pafar o1 s!
p]eo€ atfl Jo uotslrap lpuu aql JI .leuu eq lleqs dfN {q panoldde pue (aa.r6e Al1en1ntu pleog aq} pue .ra6eueyl aql se aurq laq:}o t,'6 ["6 o) :ll 11ala1 a:uer.u.toyad un[!lu I N 6ut1;tlods:'tlol aql Molaq llejloqs [o/o"".]

qlea ro] [qo"""] Aq palnpar aq lleqs ael pexrl alll 'sural alqua:lad u!

pelPls alnsea6 alueuloJiad e ro:l (e) :sMolloJ se palelnsler aq lleqs uoErnpau 3ql- Z'Z'II 'slo^31 atrupuuo#ad 1a6:e1 1o luaulanalqle loJ saal anqualul ol p3[!
]ua (q) unulul6 aq] ul lle;Ioqs ro; uoltlnpar aal p3xu e ol alqell (e) :aq lleqs la6eue6 eq] 'a^oqpularari (lD(a)z asnep o1 pa[qn5 pue :sinllo slanal slueullo#ed I'Z'II ddj d/\!

{u<rJuI .rrdJ PAX!J u+u oDlnpa it Z'1,1 'uorleluauntrop lue^elar qlrm payoddns ,(;np lunot:e uolletlDuof,ej llru e l=[VUd]IS o] Jepuar 1leqs ;a6eue6 aq1 'sartnba: os I3Iy6UIIS JI """"' alnpeqrs u!

sar4uo Jo srseq aq1 uo palplnrler pue paslual!


'sppeqralo Durpuodsalrot sn;d 'yoddns arlJ;o alellgv Jo af,UUo peaq pue JelS ]uar.ua6euey1 aql lq pauuoyad artrua5 1o (1oaraq1 yed ro) sqguou: 1e'npe 1o srseq aqJ uo paler-ord aq lleqs aal pexll aq1 'ra6eue61 aql lq ar!o^u!
up Jo uorsslurqns Jo atep aq1 1o si(ep (Oe) utqltm slealte ut A;qluoru aal paxq eql Jo luaLuApd aleu lleqs IIIWUIIS ^+rttR """"" "'alnpaqrs ur lno las aal paxlJ aql ra6eue6 aq1 o1 r{ed lleqs lllVUU:lIS 'lie4uol srql iapun suoge6lgqo s1t 1o :a6euey1 aq1 i(q arueu.uoyad .radord eql Jo uorleJaprsuol uJ e 'r'I1 Z'T'1I T' I'I I 551-pEx!l I'rr aa1 s.ra6eue14 TI 'la6eue61 aqt lq papt^old pue pauroyad saBrlrDe pue saf,truas aql uo aJtrues papuauv q:ns Aue 3o rQrgrqqedu.rot lo lf,aJJa aql ioJ lo l1.red pilr-ll e {q 1no pepel alrruas papuauv lue log alqrsuodsat eq lou ;;eqs.ra6eue6 aq1 (q) pue lal!ruas papuaLuv aq1 Eulpurotd lo/pue lo1 6uponb {yed p:rq lue;o sasodlnd aql ro; fuessarau aq Aeu se uoFsassod pue lo4uotr sit uLlllm sseulsng aq1 o1 6uqelar uopeu.uoJul 11e panba.r uo (stopeguor-qns pue qua6e 'saaloldua qt ol pue) rlUed p.lq1 qrns lue o1 an16 ;1eqs ra6eueyl aq1 (e) pllqt e Aq tl-LVrlU:lIS ol papt^ord :uaql .ro i(+ed p:!ql e (q .rapual e o1 papafqns q a]lrues papuauv ue leql luala aql uI -lltVUUlIS 'IUed pl{-11 'allruas papueuv ue ap6o.rd o1 :a6eue14 aq1 1o ,{1111qeu1 Jo lpsnlar lo lua^a aql uI ulo4 e)t^Jas papuauv qlns allef,al ol paglua aq llpl_ls ^Ied ^ue b'l)r \ 1'$'.
)ca I'ti[01]--: ;; lUVtt r i 1 llH Sllt\01 iN3V{ v lluYd i- ia)ls Ial\ ':\/ ",.

I aql 1o slgold lenuue sso.t6 aq1- '1;IVUUS1S aql io slunorle lPDuue Jo lplle aq1 ;o uorlaldu-ro:1o siep (oe) lutq urqlrr, pted plre palelnller aq llPqs aa:I allluatruJ aql '3aJ olaualul se -l:llVUU:lIS aq1 ;o slgold sso;6 lenuue aq1 Jo [o/o.]
anlaler ol pa[qua aq 11eqs la6eue6 aq]'aai paxll aq] o:[ uol]lpPe uI ze A]LII z'il1 'raaj paxtl ;o luauAed anp lxau aql uoJJ IaLVUUIIS Aq paltrnpap aq lleqs urns aql 'alupleq lqap e Euryodar luaruAe6 lunollv atrueuuolad aq] Jo asel uI 'rabeuep aql uo4 allo^u!

ue ;o ldtarar ;o sAep (gg) IUttn ulqffu 1:IUUUIIS pled aq lgeqs 'arupleq llpen e Jo asP) u!
tuauAe6 luno)rv alupurolad aql '(,,1uaru{e6 lunoory d)uEulroflad,, ^q aLp) E1V6U=II5 ruo4 ra6euehl aql alqe^lerar .ro alqeled ate6at66e ue le anqte oJ aaj elquaf,ul toJ sllpall lelol aqt pure6e go ]'as aq lleqs uogf,npa; roJ qlqap lelol aql '[2ira6uo1 .ro rayen[ leal perluo3] qrea;o pua aql lV 'yodar 1se1 aql af,uls sa6ueqr eql lno tas 1leqs yodar luanbasqns qlee pue srseq Eulnuguor e uo palepdn aq 11eqs yodaX alupruroJiad A1q1uo14 aLlI 'qluoLu luPAalal eqJ ul salnseal^l a)uPl,lloJ.lad lle lol aaj aAllualul puP uolllnpau aql roJ qlpan pue slrqap aq1 1no 6ugas poday aoueuro;"ra,4 Ilqpop e dfN pue lilWUlIS ol ia^llep pue aredard lleqs raEeueyl aqa 'srlnseohl arueuuoJLrad luplalar agl Euunseaur .ro1 """"""a1nflaqr5 u1 palelndqs spouad ann:adsar aqe 1o r{ep pe1 aq1 1o sAep (91) uaauu ulqllrv\ apeu eg lleLls aal a^ouaf,ul puP uopnpeu ,o uoaeln]le) aql ^q 'lanal af,ueurola6 1a6.re1 aql 1o luaualalqte rado;d pue Alaurl Joj [g / %'"".]
se patelnlle?

eq lleqs aa:l paxg aq1 'sur:a1 fue1auour ur rou alqualJad ur :aqlr'au palels sarnseah aluelulolad rol :la^e'l af,ueuxoJrad leErea aql pue la^al atupuuo;,"O ,n*,r,^ 111 uaaiulaq af,uaraJJlp [""'.$] qtrea loJ [$"".'.]

le palplnllEr 3q llpqs aal a^Ilua]ul al.

{l 'suta} fuelauoul u!

peleF aJnseah alueuuo}ad p JoJ ilalel af,upuJJola6 1a6re1 aq1 spremol ssa.

:6o.rd [o/o"""".]

qrea loJ [o/o".''.]

se palelnllef, aq llpqs aaJ anllualul aq)'sulral aluuallad u!
palels arnseeht alueulolad p lol (r) (q) (e) b'z'TI :s/vlolloJ se pslPlnllel aq lleqs 3aj anquaful aLLL E'Z'T I 'la^al alueuuolted uinututN 6urpuodselor aq1 puolaq fune1ap tar"go / Ielap 1o pouadl qrea rcJ [""$ I o/o"".7 {q parnpal eq llpr.ls aal paxll ar{] ,sura} fuetauout u!

rou alouaf,lad.

ur taqllau palels salnsee6 atrueuuolad Jol pue i;ana-1 ef, ueuro#ed unu tutl^l 6u rpuodsa.uo: aqt Molag llejloqs [.

""$] qtrea roj [$""'o] Aq parnpa.r aq lleqs aal paxrl aq1 'Iauoul 1o stlial u!
palels elnsea6 alusul.loJuad e loj (r) (q) 'z{'t i t!ClS.irin l-:j\/i-lLi -: i'-) )i -ll-l-\/uulls 'lEtlI Isodap sI pue xel Jo uorDnpap Jo a-ruapr^a qsruinl lleqs 'suoqJnpaP xel jo lau apeu aq lieqs slliaLUAed Lllns 'ltlalUaar6v pepr^or srql rapun raoPuet^j aql ol 3peu slualu^ed aql LUo.tJ xPl Aue ploLlqllM ol sMel alclplldde aql rspun palrnbal sl llIVUulIS lualxa leql aql oI -tlelluol srrll repun Ja6eueN aql o] ePeu aq ol slueu^ed aq} ol elqPllldde aq llPq5 -r36eueN aql saxe] lle Jo lueuled aq] ro] alqrsuodsar ^le^lsnpxa {iolJExqt 9'I-: 'luauled roJ alep anp aql puolaq ielaP Jo s^ep lo raqunu aql ro] palerold uJnuup Jad o/ot alej dogll atl] Je lsala ul pPJlle lleqs 'pelluo] aql Jo uo[eurule] aql qlt/v\ uoqlauuol ur ro uocln 6urpnpu!
'IIVUUfIS {q -ra0eue6 eql ol anp surns lue Jo stuau ed pa^elao : aulll ol aul u]o4 ,{1:ads 31eqs ra6euehl aql se auoal eJers u!

Iueq ra{lo qlns le lunolle raqlo qrns ol Jo [sllelap ]unolle )ueq auoal e.ua!s] ]P ra6eueN aq] Jo lunolle [auoa] eJralsl aql ol ralsuprtr llarp Iq pled aq llerls sauoal u!

paleururouap qsol alqpsJnqurlar 'elqeltdde ereqM 'pue speaqra^o aqA ^trua6ultuol 'aur!]
ol aurn uro4 {pads gleqs:a6eueyl eq} se )ueq reqlo qrns le lunof,le reqlo qlns ol ro lslelap lunor]e lueql lF JabeueN aLn Jo lunolle [seasraro] aql ol raJsue-rl >tupq ol lupq Iq plpd aq lleqs [I:ua.un: u6raroJ] u!
pelpurrupuap qsol alqpsrnqular 'elqElrldde araq/vi 'pue speaqra^o aql ^lua6uBuor 'aur[ o] au;1 cuo:1 l;oads lleqs ]a6pue4 aqt se Iueq iat{lo qlns le lunofre raqlo qrns ol ro [s||e]3p lunorle )tueq] lp ra6eupN alfl Jo lunolre [seasrano],aq1 01 raJsuell lueq ol )upq Iq [fuua.un: u61aroll ur prpd aq lleqs .rapunalaLl ra6eue6 aLIl ol alqelpd sae:l aLla t7'9'1 t r,-'s i r Z'E'I I I'S'II 'lueueerbV slql Jo uolteulula] uodn Soataql luauled 6u11elndqs saluelsutnllD lle u!
aal uoltpulural aq1 .Ied lleqs 1=[WU]IS 'erpld sa)p] uoqeutura] aql qlrqm u1 real aq1 lo; speaq.raro snulul '(s6ut6uo1aq ;euoslad Jra{l qltm laqla6ol) #els luaua6eue9{ aLB Jo qsor uoqergedal alqeuoseal sn;d aa3 paxrJ lenuue aql Jo """""""" o1 lenba urns p aq llpqs aal uolleuturrel aql sfu-eT.frEa S'Ir aa;lnoBEululel v'IT 'uoBeluaun)op 6un;oddns rgm alro^ul pestural!
ue Jo uotsstrlqns uodn ljlVUUlIS Iq pled aq lleqs pue 6uluncur arolaq -IJA\fdUlIS r0!M paa.l6e A;aletedas aq lleqs luetlaalEy s1q1 ur paleldualuor Jou saqtir,ttre elpl.lapun o1 ta6eue6; ar.rl Iq pa.r.rnrul speaqla^O @E'II [[sateS Jo lsol ssal palrallol anualau ssorgl :smollo; se palelnllel aq lleqs lllWUlIS <, I aql Aq salt/uas oq] Jo alueurol-lad Jo sesodrnd atl.l -icJ allJo aA:'i)aJJl 3Ul laue auul :o1 aultl ulolj l:lIvUU=lIS Aq papr,to]d uo!
)eul loJul aul lo Arernt:b aq1 uo Alar ol pa[[ua aq lierls ra0eue61 aq1 (l pue l1;e15 luaua6eue6 papuola'; aq1 se A11tot]1ne pue uo111sod 1e1ba 1o'l;1IVuUlIS 1o saaAoldtua ro tr1e1s reln6ar aq1 ,(q panssl ata/v\ suonln.qsul aql J!

se rauuEul aujes aq] ul lllvilulls jo salnr ellnrasi luelalal aq] ul paplaold se af,lruas uo;1 a6ler';lstp ro ra1sue.rl Eurphpur uop:e r{.teutld1xlp ele!l!u!

lleqs l! '
lleqs l! '

alualpaqoslp {ue;o aser u1 glue ge15 luaula6eue6 aql Jo suomnllsut a(R alnlaxa pue rapun 4tor\ o1 saaAoldlua pue JJPIs lue^alal sll pallp lllm 1!
:sluesuo3 Lpns [l]tm uo[]euuol ul sea1 paqptr$rd i1e /red lqeqs Meql pue ssaulsng aql qtlm uolpauuof, u1 -ro1 palldde rp paurelqo quasuoJ lle tapun suoltradsut pa.rlnba.t lle Molle pue sbrpou pallnba.t 11e anr6 y;urir 11 ' 6ugo6aro1 aql qlm uoltlauuof, ur pire quasuoS lle Mauar pue ulpluletu 'a.tnro.td 111m 1t (q (e :1er4 que.r.rer* pue sluasa:dar 'slueuanor 1:LLW;3IS T]I\IdIIEIS ^g Z'ZI ^ue ''sasseulsnq sl!
Jo qasse s11 '1r o1 Euqelar .lo alqerlldde uogulpsqn[ lualaduor Jo rolellqre :o lqlroqtrne leluaururano6 1o lalnr ro uopelnoal io aarf,ap 'rap:o 'luatu6pn[ 'Unor 'alnlEXs Aue Jo uollplo!^ e aJnlJsuol 1ou 1In 'aln1n1 aql ul quasuol leuoplppe lueaaiar aql Jo arueualuleu pue 6uquer6 aq1 o1 palqns 'pue lou saop'i1uasuo3 a11s1nbar elfl Jo a]ueualuleur pue 6upue.r6 aq1 o1 pafqns 'iuatuaarBy sltn rapun suo[e6llqo 5]!

Jo alueu o]ad pue 'Jo fuanrlap pue uonnlaxa aq1 'a6pa1lrou1 sl!
Jo 1seq a$ o] (:) pue i11 3o uorleElrqo 6u1pu1q pue pllel'le6al arp salnlqsuol pue 1r lq paranrlap pge peplaxa 'pazlroqlne Alnp ueaq seq luau:aar6y srqrl (q) suope6gtqo q!

uroJ.rad or pue ra^ltap ",'",rr";:i?i?

:5;'$jtrH uMo ol'ssaulsnq q!


pnpuol o1 ,(lyoggne pue:ar*od alslnbal lte seq ]t (e) :leLp,raqlo eql ol quereM pue quasardar I1e.1 qre3 eJreM pu suo LI slueuelo3 pue salluerrp1y1,suolleluasardaS T'ZI CI 'luauraal6y slql ol aurq o1 -qu:p uo.r1 alqerlldde aq Aetu se uollexel alqnop Jo atueplone roJ saqearl lut lle^e ot 'uopellulll lnoqlr^ 'burpnpur ,1uar.uaa.r6y- srql Japun sa[rllqerl ),(e] leCol slt u!
suo0.fnpar.lo saleqat 'suolssetuol ,suolldulaxa luelalai Aue pefie o1 la6eueyl aql alqeua lprvr se ,s1uau.ri(ed Jo lunoue erp 6ursealrug '.ranarlrroq 'lnoqltm ,ie6eue6 aq1 ;o slsanbal lnyv\el pue alqeuoseal qlns ol apalle ol saalEe dfN pup "l3lVUIiI5 ,uo1s1,rord 6ulo6aro; aq1 6utpuepq1uvtlo11 auool ellals Jo Sallltoqlne xet luP^elel 3q1 qltM ir" ) Ptlt?
1'jP lolal pue $looq lue^qlal qrns ;o qrerl luenalal 1o satdo: 1o but>1e1 puu uotleulurexa 1lu.rad 11!rvr Aye6 .raq1o aq] Jo lsanbar uodn pue palldde Illualslsuot auoa-l eJlals ut saldnul.rd 6utluno::e paldal:e Al1elaua6 qlrrur a:ueprorrel ur ,!uan puP alelnllel ol Jsqlo aLR lltulad ol llelap lualluJns ut luau:aat6v slql Jo alueuuolad pue uotlnlaxa aq] o] uorlPls.l ui suoolPsuell :o s6u11eap llE lo apelu aq lllM saulua Itrarrol lle qtrlqMi u!

lunofle pue.
lunofle pue.

Plolal lo s4ooq .lado.td daal IllM ll ^]]ed (e) :leql raqlo aql o] sluereM pue quasaldal 'slueuanol A1e6 q:e1 sEIIEiIIler.g y'21 'Aued ir.rl{l Aue Jo slq6i5 li:ado.rd lenpallelul eql }o luaua6u!.Uur atnusuol lou lleqs s1ue11n$uor pue slope4uof,-qns 'saaurtuou sll ro -ll-LVUU:lIS Aq salqerarllaq ?ql Jo asn radord aq1 leql pup lyado:6 lentrallalul 6unslxa ql ol lsfqbu rolpue u!

stseratu!

4o 1uer6 aqt arnlord ro 1uel6 pue asn o1 rarvrod pue lq6u palll4sarun pue lln; seq 1!

.
.

: Pue :luauaalbv sup ul lno 1as r(lssardra slueuanol pue saguereM 'suoneluasaldal r5lrrads eq] ueql laqlo uopsluasarda.r ro llp1 'uople Aue uo pallar 1ou seq 11 luauraal6v slql olu!

bupalua ur sppq leql uo pue 1 Aq aleudordde paulaap sp etruabrpp anp umo q!

palrnpuor seq 1r lluaruaal6Y s1q1 rapun :a6eue61 gr4 1o suone6rtqo at11 lo atrueuro#ed aq1 rol alenbape sg ge15 luar-ua6eueh aqt 'E'I'g asnep 1o suorsgnold aql otr pa[qns .
:saf,nlerd r{qg1g6 1uapru6 pue sarrpud 6uuaaut6ua punos qllm afueprof,f,e ur (1) pue ''Jauueu elrl-ssaulsnq pup radord e ug pue: {1luapgga 'llDls pue arel elqeuosear q:1rm (11) '(sme1 Ila;es pue qqleag 'leluauuolrnua 6urpn;:u1) auoal eltals Jo sMel aql .glyvr aruerldu.ror ru!

'alqsltldde se lE os (r) satrrua5 aql u.t-lo;-rad lllm l!

(a (p (l (q ;ff 3;:n ;S::r?tiT,il :;$t: u !


suo Rrp u oi r,!ryl luesra^uotr saqnp anrpadsal rlaqr uto;lad o1 arua!.radxa pue sllDls fuessarau 1o passassod pue pagrlenb Alnp aq lleqs gpls 1uaua6eue11 aq1 (e ^,, t "0,, :1eq1 q'ue.uearr pue quasatda: 'slueua^ol la6eue6; aq1 reDeueN aql AB f 'zI uoperar u!
.ro ur 1'l1lepuapuuotr uleluleur ., -r=r;X"*:11"'SHffi;i aq1 ro 'Ayed plql {ue 1o ,gado.r4 lenpalelul aq1 e6u1.qur 1nu lyeqs ra6eue6 akg lq uoqeullo1ul tpns Jo asn arp 1et{l pue .ra6eue6 .el I uois,sA -L:l\/UC -,j.ll,i slollprluo)-qns.

'iueltnsuol 'sasloldula 'slallJJo "i.lollarlt) sll -ll-LvuulIS Joaraq alep aql r3lje saLuq lle le &luLuapul pue pusJap lleqs.

!aDeueN atl-L zaf:l 'luaulaJlov stLll q]!L uolllauuol u!

sropua^ pue slolfeluor-qns 'sluellnsuol 'saa^otdu.la 'sla:gJo 'srollarlp sll '1.
[VUU]IS 1o uorssltuo lo lle leuopualu!

ro lua6ll63u aql Jo lno bulspP Ilradord 01 a6Puep lo suoslad ol qleap ro rtnlut leuoslad.rol saaAoldua pue yaf,UJo 's.lol3arip sl Pue ge19 luaulabeuip aq1 '.rabeue61 aql uodn pasodu!

aq o1 1q6nos to Aq lpra.r1pul .ro lglallp pled aq o1 pa.rlnbal ro peule]sns 'paiaJJns 'pa.un:u1 sasso-l lle pue ue ulo4 ssaluleq saai\o1dua pue slelulo 'slollallp 'JJerS luaura6euel4 qr pue -ta6eue6 3ql ploq pue 'lsule6e saaAo;du-ra pue; s:a:tgo 'slollallp sl!
'JJelS luaua6eueN eql 'la6euer{ aql Joareq alep iaql raue saull ;1e 1e r!1ut-uapu1 puP puarap lleqs IIIVUUIIS I'Z'TT uoBeluruulopul z'ET 'per.rnllo seq sso-l luP alal aql qrlqM ul Jea pe.Auof eql loJ aaj paxu aql o1 pallLull aq lleL{s lrerluo3 slql Japun (slanal 3lueu:lo}ad unululy{ eq} uleluleul pue a^alqlP ol a.lnlleJ loj ue\B rsqlo) suogeluesardar pue sa[ueueM 's]ueuano) 'suone6llqo s-ll iJo qrearq e lo1 ra6eue14 aq] Jo lllllqell unulxeur aqA 'sla^al aluPturolad unullulN eql uleluleu pue a^alqle o1 :a6euey1 aqli Jo arnlleJ aql ol alqqnqr4le Jo Jo ]unolle uo IIVUU.IIS Aq pauasse ro pauilep aq etu leql ssol lue ro; alqerl oq lou lleqs ra6eue11 eql pue I=U\tUUliS 1o Apatua: alos aql eq lleqs ,'Z'II asnep Jo sural ug rabeuegrl aq1 )(q sagleuad 1o luau:{ed aq1 'E1 asne13 rapun luaruaer6y aq1 aleulural ol -l:ljr.Yuxlls Jo lq6u aw ol alrpnfa.rd lnoqtrlM 'sla^e-l a]ueLu.ro]ed unurlurl^l aq1 ull4ureu-r pue aharq:e o1 ra6eue4 eql Jo arnlleJ Jo lladsar uI ^]led 'luauaar6y srql /q paleldualuor 1ou {1nlue Auei o1 .ro luauaar6y slrl} ol paleialun sralleu o1 pre6ar qlrm auo 1o qq6p Aue 1o rarrrervr e a$lllsuol 01 papuslul ral{o aql lsure6P lou s!
uorsl^ord islr$ leqf 'iE Amoq- Tefrft-id laatueren5 aq1 ro luauaaroy slql Jo r{f,earq .ro-1 .ro o1 luensrnd ldarxa Aye6 Jar4o eqe ol Alllqel Aue aaeq lleqs iUed raq16p 'sa6euep fuelduaxa lo 'annlund ';e1uap1:u1 'lequanbasuor 'par1pu1 lue roj ldaruor le6al larllo Aue :o 'Alrlrqegt p14s '[luelletr 'yo:g ']trE4uotr ut lyeil laqlo aqt o1 elqprl aq lleqs r{1-te6 .raq11au 'erua6rl6au sso.rD ro pne{ Jo sasPtr JoJ ue[R .laq]o pue pauleluol raueuleJaq suolslno:d aq1 og pa[qn5 lua,tuaarEy s!q] lapun suogeluasaldat lepalput pue sanuel.le/v\ 'slueuanol 'suo$e61tqo q!
Jo pauopuau-p.rg lqe6 eql lq q)eaJq e Jo llnsel reqrtorleq] lq paragns ssol roJ raqrlo aqt o tslqell aq 11eqs fue4 y e sp ^]led E'I'EI Z'I'II T'T'EI TqiiitFiTod-oonElun r'€T uor,lsJgluuapuli{1r1rqe11 ET s1r 1o a:ueuuo4ad aql pase n,.,,lii?

"o"Jlyii:l,li#"fff;ffttl,: lo EulDaJJe l1a -rarrpe pue ,{;;eualeu: srope; Iue Jo llelep luallluns u!

tued JaLllo aql fuqou 11eqs l!

'aJeme souoraq t!

se uoos se (q) 3c) aq] ol roud iurpaa:o.rd io uorlle 'ltns 'utlell aql 1.,' Jsuajap 3lll ui llled paqluurapu!
aq] jo sasuadxa pue slso) alqeuoseal arql ro; Aued paulLluaPul aql aslnqturar 11eqs lq.re6 EurAltuuraput aq1 '6u1paa:o.td ro uol.ltu 'lrns 'LUlell e Jo esuajap aq1 1o 1o.r1uor aqtr lo lqjsd EurAluuaput ar1] [q uorldunsse uodl t'b'€r 'iapunalaLl r1;-re6 6u1fu1uruapur aq1 go suoqe6rlqo uorl$Uluurapur arll o:l trtatqns aq lleqs loaraql sasiJadxa pue slsof, alqeuosea.r aql puP lepunaraq p3ulutxspu!

aq ol papllua $l ll rltrlqm ro1 ralleur Aue ;o po 6u1sue lo ol palelal 'ruo.q 6u!lln$r 'Io padsa.l u!
I;.rpd qrns lsule6e payasse ro pa6a11e [1-red prgql r(ue r{q 6urpaaro.rd ro 1ns 'uoEle 'urrep Aue uorllalas ulvto s.u jo lasunor qlrvr 'a1e6gr1 pug puelap ',lsatuor o1 uo11e6r1qo aql tou lnq 1q6p aq1 aneq 11eqs r$e6 pagrqi.uapur eL0 'I'.,'€I esnelf qllM ef ueprolle ut outpaa:ojd .to uonle 'lrns 'Lulelp e Jo asualap al{l Jo lo.rJuotr saurnsse pue fire3 pauluuepur aq1 rtlluuapug o1 uoneblrqo slr oulluM ut sabpalanoupe A1e6 buftquuapur aql lAun pue ssalun 'I'9'€T asnelf ;o suorsrno:d aql EurpuelstnrrvtloN uo pd ur nsse a q1 o1 ro pd n .. o.
0,,,i,'.T..1i3 r:'fi i:XH,1 ::*513: ill J[:t: alqeuoseal eql .loj ,!red Peuruuapu!

aql sasJnqular pue rQe4 p3uluuiepu!

aqt o] os op of uoBualu!

sl!


,o arllou ldruord sarrrE ll p5pf Oltl pagluurapur aql i(q lasunor q:ns ;o ;enoldde roud aql ol rra[qns ]apunareq ^iled I+rpd raeo aq1;[1uurapu1 o1 pale6grqo 51 1r qrlqm ro] ralteu Aue ;o po 6u1sue :o o1 6uqe1a: 'uro.r1 6u01nsa: !o padsar u1 6urpaa:o.rd Jo lrns 'uollle 'lurep Aue 1o asua3ap aql lo4uor pue aunsse ol uonlalas slr Jo lasunol qllm pue asuadx,a pue uoqdo sl!

le paptlua aq lleqs ,t-red 6urrtJrutuapu!

aq1 z'v'ti I'1,'tT sullelf Jo osua]ac l,'tT .


'6u1paa:o.rd lo ssol aq] Jo ale/v\e sauiolaq rtye4 1uena1a.r 3ql raue egeclped Alqeuoseal se uoos se uarr6 aq lleqs al$ou qrns 'Z'EI esnell lapun uopergruuapu!

ol pa[qua eq {eu lo s1 11 q:1qrrn 1o padsa.r raqlo aql rlpou Alldtuord ;1eqs lye6 q:e3 u1 6ulpearo.rd rolssol Aue Jo ^Ued sbulpaelorii lo einoN c'tI 'E'Z'EI pue Z'Z'EI sasnelf lapun suoneblqo AlluLuapul aap:adsal l1aql 6uparor sJalnsu!
alqelndel uo4 satuelnsul urral aql 6upnp:u1qu1eul pue utetgo elq lleqs :abeue14 aql pue -l aVdUfIS 'tr1ne1 ;o aarEap a^frelal st!

og uolyodo-rd u!,uoneluluuapul s1.fl rapun alqerl aq lleqs i1ted qlea 'salued aqt Jo suolsslruo Jo spe leuopualu!
ro lua6rl6eu luelrnluof ro lulo[ atg uo4 qlnsai ssol lue leq] lua a aq] uI 'luauaalEy slql IBIM uoflfauuot u1 saaAoldtua pue sJatrUCo 's:oparlp sfl 'JJefS luatla6euel4 alA ,Ja6eueN aqJ Jo uolssuuo .lo pe leuonualul rq lua6ll6eu eql Jo lno 6u1s1.re llado-rd o1 a6eruep lo suosrad 'ol qleap lo Arn[u1 leuostad loJ sJopual pue so]le4uof-qns ,sluellnsuof 'saaio;dura 's.ralglo 'stoparlp s{ 'llIVdUlIS ,uodn pesodru!

aq o1 1q6nos .ro Aq Apca.rgpul .rp ip:a.r1p pred aq o1 pallnbal lo pautclsns ,pareJJns ,parlnf,u!
sassol lle pue lue [uo4 ssaluJeq ,s.ropuan pue sjo].fe4uof-qns ,s1ue1;nsuo: 'saa{oldtua 'slarggo 'stoparlp sfl ,IIIWU3IS ploq pue lsureEe $opuan pue i V'Z'EI t'z'f I V) '(s-tn::o aluo allllaJlS ro1 lla;Ja pue allo1 aql qlrqm ul qlugur aq1 Eurpnllxa) sqluour (98) xls lln1 u!

anulluol 1lbqs 'loaraq surel 3ql qllM aluPprolle u!
uoqeululla] lalllea o1 pa[qns 'pue ,]a1eq a^ntre;l:I,, aql uo{ a^llf,aJ}a aq lleLls luatuaa:Dy stql ^lr!q1 triiEJfer.rjiil rl,1 r.r.ual yT 'rapunalaq sasuadxa raqlo lo ;e6a1 a1n1;1sugl lleqs lasunol qlns Jo quaulastnqslp puP saa] alqeuosPer aql pue ,(ye6 p{gluuapur aql Jo ,leqaq uo Eurpaalo.td :o 11ns 'uotlre 'ru1e1: qrns Jo esusJsp iaqt parlp o1.1q6u aq1 a^Pq lleqs lued pauluurapur aql loj lasunor uaqt 'elgetrlrdde aq lleqs anoqe (r1) ro (U) '0!)
sasnel) JI 'pel1uof slq] Jo edors er,g puoi(aq 11 uodn peJga asla^pe leualeu E a^eq Plnof, Jo sallonu!

6ugp{aro.rd ro Jlns 'uo$f,e 'Lulell qlns 1eq1 .ro rQle6 6uiAluu.rapur aql o1 alqelle e asolB o1 leuoorppe Jo uro4 luaiaJllp 3re leql ll ol alqellP^e sasua1ap rg1:ads aq letu araql leql raqlla r(ye6 bulAluulapul aql pagqou Allmgoads pue : papn;ruo: Alqeuosear alpq lleqs ,Q-re4 pagruu.rapur 'aq1 (n1).ro I1e6 pauiluulapu!
atp Aq paugou os uaaq a^eq lleLls pue uonle qlns Jo asuaJap aqt eunsse ol liled peuluurapu!

aq1 o1 fuope3sqes llqeuosea.t lasunol luapuedepur paAo;dtua a^eq pE ur lou llpqs Aye6 Euglruurapul aq1 (ru) uon:e qlns Jo asuaJap aql Jo lrnpuor ag1 u1 l+led pauruuapur aq] pue r{ye6 Eul^Iquepul aql uaaMlaq lsaJalu!

Jo ptuuol e aq Aeu araql 1eq1 papnpuor Agqeuosear e^eq llprls Ape4 pegluLuapul aW (lD lye6 EurAgtuuapur aq1 {q 6upr.rr* q!

pazUoqlne uaaq seq ,(ye6 pagruuapu!


qrns lq lasunotr 1o luaurtogdua a'ql (r) s$lun pernlu!

se pue uaqm '/ye4 paglutuapur q:ns ;o asuadxa aqf lt aq lleqs psunol q:ns 1o sasuadxa pup saal aql lnq 'uo!

:lre lasunof, qlns pue lasunol uMo ql Aoldua o1 1q6q qcns u1 aledrcqrpd aql a^pq 11eqs {ye6 pauluuaput eql 'I pd EulAguurapul aql Aq asuaJap aql ;o uorldunsse aq1 pue uogngtutuapu!
aqe Jo ]uaruabpalmo$pe atg 6urmo1;o1 ^eu astuoldulol ro luatuaplas qrns;o padsat ir1 asrulo.rdtuo: .to luauapas qtns 6ur1eu Aye6 aq1 l4ruuapul o11 uoge611qo itue ulo.4 pasnf,xe aq llpqs lye6 .raqo aqt ,lled raqlo aql Jo trua$uol uapum JoUd aql lnoqltM ,(ue6 taqlo aq1 r(q pagtuurapul aq ol paEllua aq asrr,uaqlo pliroM lt qtrlqM Jo padsar u1 Eulpaarold .ro lrns 'uorue 'tugep l,{e sasluo.rdu.ro) Jo saluas ,tyed e Jl plaq$lm A;qeuosearun s!

luasuof, qtrls araqarr ga:r3 ',aq:e4 pagluuapu!


aql 1o leno.rdde aql 1nor{llM urge;l Aue asltuo.rdtuo: lo aplas ler-u fi.re4 EurAlruuapug aql liled pauluuepu!

aq1 if,11uuapu1 ol 6uBuM ur 6ugaar6e raue leqt ,fe^-dMdq FFI^6ld ille6 raqlo aql Jo luasuol UaUUM .topd aqt tnoqllm bulpaamrd lo ,lrns 'uog:e 'urgep qlns lue asru.ro.rdr-uor to alllas ol pepllua aq 11eqs l1te6.raqlrag uoqdu:nsse pue uo'pruruuaput eql Jo luaua6pa;nnou1r" "n#;1ffi1r,:r30fi S't,'tI !
't-'fI I i"r()rs ran j _ivijc -ct -)lu pue :laSeueN atll l,Ll uolle luaur3ldt-tl I ro] paPusur,Jrolel lo paluatxaldull PUe Pelnpo.

:lrit Jo padola^ap salrpe.rd leuoQerledo PUe lerlqlqral '1uau:a6euetu uo slenueuJ pallelap ialll aqi pue 'saf,llfe.ld lPuoBeraclo 'salnleld 6utlloda't 'sluaussasse stlaau 6u!u!er1 laqury 'uollellull lnoqlllvl '6utpnput 'ural le!1u!
aqi 1o fu1dxa Jo app aql laue pue uol] lll\f.l1lls o1 rtlpqeder lbuonP.lado pue lepaEeuetu 'lelluqlal ]o laJsuell a^BtraJ1a aql alrisua ol ualel aq ol raqlnl puP uslel Apparle sdals (:) (q) , tlteqaq slLll'ul 'l:l1y6dlls Aq paleuElsap JJpls pue saal(1dua anpradsar aql ol JaAo papueq are .ra6eue6 aql Jo lo.ltuol lguofrerado pue Allglqrsuodsa: luau:aEeueu aql rapun l=[VUu:lIS 1o s5o-rado.rd pue spro]ar Jaqlo pue 6uquno::e 'sairttlreJ uoneflunuurolaial '$asse eql leql arnsue ol uale] eq o1 sdals (e) :elle.ralu!
'ranof, lleqs ueld uors-tana; luaua6eue6l aq1 Z f. l'I '(,,ue14 uolsraaay pesrf,raxa ouatlllq -llIvuUfIS Jo suonerado 1uarua6eue5l,,) .ra6eue6 eql pue luaua6euEur aql lo1 saDrtrqrsuodsa: 6uu:alsuer] .roJ sluatua6uere pasodo.rd eqg Qugrrelap ueld e p:eog aql ol lruqns 'presalo1e se alep luelalar aq1 1o si(ep (Oe) AUtq1 u1q11n '11eqs ra6eueyl aql 'Ila^Bredsa ) 'Z'Z'yI pue I'Z',I sasnell u!

paplrortJ sE asel rerpla u!
'popad uogellnsuof lervral-raX aql Jo lep lspl 'grl],{q lemaua: Jo suorlrpuo3 pue sural aql uo luauraarbe qlear ol llpj sqRipd aql Jl ro UI6N e palraf,ar lou seq rabeue6 eql ;1 ^q I't'l,I truauabeuehl Jo ra^opueH t'l,T 'ural leolul aq1lo fu1dxe eLn uo eleululal lleqs pe,quof aq1 pue €'tI asnep lapun ltre o1 paaro:d 11eqs .ra6eueg,g aql 'pouad uonElnsuo3 leMaueu aq1lo ,tep lsel eqe uo leMeuar Jo suollrpuol pue sulal aql up luauraerEe paqrear lou aleq seltred aq] JI 'saped eql Jo luauaar6e aql pagal ol papuaue ag lleqs ltrer1uo3 slql 'poFad uotlellnsuo3 le/v\auaU aql ulr[+!M temauel Jo suor]lpuof, pue sural aql uo luaulaalEe qrea.r salued aql JI '(popad uonEBlnsuof, ;ealauaa") uial leHur aql Jo Llluoul (*ZZ) t{luanas rtluatq aq1 3o lep pel aq1 uo buprdxa pup r.1luotu (u,sz) t{UU 'rtua4 aq1 1o lqp lug aq1 uo Eugruauulo: 'sqluorl rppualpt airpnrasuot (g) aaiql Jo po1:ad unulxeu e rol a:e1d alel lleqs suolssnlstp qrn5 '1uar-uaa.rby aql ,o leMauali.loJ suoqtPuof, Pue sulJal aql uo suolssnlslp .
olut talua lleqs selued aLIl il'frl asnep u!

paplnotd se UION e sanlaf,ar la6eue6 aql g 'uraA lellu!

aq1lo rtrldxe eql uo e]euluial lleqs ]relluof aq] pup €.1,I asneD Japun pp o1 paerold.

11eqs rabeue6l aql 'ural aq1 1o qguou (u,y7) qynol-A1uam1 a$ 1o lep ]sel aLF aloJaq UION ue on teral tou saop .ra6eiie61 aqt JI 'urraa qq] Jo r{luot!

(*tZ) t1Unol-&uaMl aql u1 Aep ssaulsnq r(ue uo paletrlunuuo: aq i(eu: UION aql '(,UfOru,, Jo ,,^ auall ol uonualul lo aegop,,) T'tI abntrD Japun uraa le!l!u!
aql 1o fugdxa uo trertuo3 aqt Mauar ol uollualu!
qr ri6eue6 aqt ol aleltunuulor uoqallsrp q1 1e Aeur11y611315 z'z'vl I'Z'VT iE;Mauati z'bI 'I'SI asnelf, slql ol luensind luausalDv slq] elPululla] ol laqlla eRllua lleqs lueuraar6v I stql .rapun rQ-red .raqlla Jo suollPbllqo aq1 ,to a:uetu.to;.rad :ado]d pue panqrluol roj saued aql Jo luauiaarbe ouplnbar l3}leu raqlo ro selqera^rlee 'qa6png 'ue16 genuuy 'yoda6 Aue uo ear6e ol alnlte, llaq] 1eq1 aar6e saued eq]'1'1'91:asnep 1o lqrlerauab aLll ol er!pn[3]d lnoqllM ^l]ed : aq1 o1 dn palelnJler'Z'II asnep rapun alqeAed 'Aue 3r 'aa3 alqualul (q) i(uomnpaS panrpre Jo lunolle ale] ol pepn[pp) oa; uoneuruual aq] (e) pue ' uoqeuruual jo alep s^rllaJJs :uo[eulu-lal Jo e]ep allpa]Ja aql raue sAep (Og) ,{ltql uttlllm 'ra6eue6 aq1 o1 led lleqs 13-Ly1UAIS pue a^lalar ol pelloua eq lleqs ra6eue11 eql 'I'T'SI esne13 .rapun luauaar6y slql Jo uo[eutulia] Jo luale aql uI .I'I'ST asnelf ur palep pouad aql Jo fuldxa uodn peJJg selq arnoN uo(reulurral aq] o1 luensrnd uolleuluual eqrl 1frun luauraal6v s!r.n rapun suone6rlqo anrl:adsa.r )gaq1 u.rogad ol ienulluol lleqs sal1,red aLn pue paJa pue atlo; llnJ u!
ulegral lleqs luatuaa.r6yi s1r41 'arnop uopeururtaf e Jo aluenss!

ete 6urpuepqlMloN aq1 ;o furdxa uoia^qf,aJJa seuoraq ,on"rtrrq aql aioJaq ,'#XX5tf:fi: eql Mpipq]lM Aiu aroop uogeutural at;1 burnssl AUed eql !EE-pEp!
T'id 'a:qop uoqeurriral aql Jo aiep aql '6urpnltxa lnq 'lalJe sAep (96) A1au1u 6u11e1 alep aql to aleugural uodnaraql 11eqs luauea:Ey slql pue Al.led raqlo aq1 o1 (,,argopl uo11euguua1,) a:nou uopeulurel e 6u1nss1 iq luau-raa.r6y slql aleurural 'ipouad lenlul aqrl ;o Lrrdxa aql JeUe 'leur A1e6 raq1r1 t''r'sT c'T 'r- -f z'I'91 T'T'5I arualue^uol roj uorleutuudl T'sI uolleulurJol sI '.rua1 leprur aq1lo fu1dxa arg ueql Jalel ou Ja5euehl aq1 Aq palalduo: r(g1eug pue Illnli aq lleqs ''I:ILVUU3IS lq aluelslsse pue uo!
]ptadool anp ol lrafqns 'pue U]aa lelllu!

arll 1o furdxa ar{l aro1aq sqluotu (g) aarq} ueql ralel ou af,uaururol lleqs ueld uoEJaAaU luau:a6eue6 aq1 ;o uorleluatualdrul 'luauaal6y sgql Jo Z pue (b)Z sasnel: rapun ,uoFellull lnor{lrM lnq ,lelnf,nled u1 ,1uauaa.r6y s1q1 4o sanora[qd pue sule aq] a^elqtre ol -I:IIVUU3IS loJ raplo u!
-l=lIVdU=lIS i(q papanbar aQ Alqeuosea.r r{eu se (lograq1 }ed 6uspdrxot slenueur pue slueunfop :aq1o i(ue pue) ue16 uolsJala1 lueuta6eue6 aql ol sluaualo.ldir.lt pue suollef,Urpoui 'suots!,\al q)ns alelod-rorur lleqs :a6eueyl aql luauaa,l6y siql .rapun .ra6riueyr; aql Jo sagnp lerauaE ar-11 ol 6uqele.l -l:lI\ldUJIS r(q paisanbat aq Alqeuosea.r Aeul se slapetu laqeo Lllns (p) t't l,T E'E't?

I (J) (a) :llwUUlIS Jo salll-laclo,rd pue sllsse aql 'sal:ltlll{?

:l all.}
:l all.}

'saar(o1dua aq1 ;o r(1un:as pue A1a;es aql ApJedoa[ ttt slnri tllrr yr,r ro ssaursng eq] uo llaJ;e aganpe letlalPul e setl ullqM labeue6l aq1 ,(q lf,npuorsrur InJllrM ro uoqeluasaldalslul leualeul 'a:uabtl6au sso-tD Aue '.tre4uoJ stq] lapun suoqebrlqo q1 u:o;.rad ol lllllqe s7a6eue6l aql uo palje asla^pe pue leueleu e 6u1neq AluelleM ro uollpluasardel paxolu!

qlns pue epeu uaaq aleq o1 pauiaap uaqM u!


'lf,atlof,ut uaaq aneq o1 6uno:d ro apeur uaqM'lledsar legaleu luauraar6y s1q1 u1 .ra6eue61 aql lq lo uoqeguasa;dar r(ue ^ue ^luerleM lsAep (gg) ,$1{ ulqlm &lotflne lualadurot Jo Unot e lq peslaler .ro paAels lou s!
leql ra6eue6 aqtr dn 6u!pu!ry1 rapro ue Jo Jabeue6 aql ra^o uolllrpsln[ q11r* ynor e {q 6uqeu aqtr (^D :]uaLulutodde q:ns 1o s{ep (96) r{1auru urqlru palels lo aprse Jas uaaq tou seq luatulurodde qlrqM '6uueaq anp pue rabeueyl aqe o] alBou ;aqte tabeue6l aq1 1o dn burpum aql ioJ bulpaalold e ul roleprnbrl.
leuotqnold e Jo lueuqurodde aql (rrr) l;ar1al ielrurs Jaqlo ro 'unuolProul 'bldnqueq 1o uo1111ad e;o .ra6eue6 aq iq 6ur14 fue1un1orr aq1 (r) :ra6eueh aq1 1o dn Eurpurn aq1 ro; :a6eue14 aql lo sraploLlaieqs aq1 Iq uonnlosar e Jo Dulssed aq1 (r) :quana 6u1tvto11o1 ag1 1o {ue;o a:ua.un::o aq1 '(luauraar6y srql :apun suorlebrlqo slr rurolad ., o1 'aq Aeur aspl aql se 'Ilqua paJlruFuofai ro paqerueElelue aq1 Jo &lllqe arg pa#e lou saop uorprulsuof,or .ro uolleue6geure qrns leql 'pap-$o-iA) uonrrlqsuof,ar ro uopeue6leue Jo asodJnd aql JoJ ldalxa (p) lluauraalEy aql rapun suoqe6ltqo s1g tu.ro4ad ol alqeun rabeue6 aql rapuar o1 lgalrg s!
ro $apual qlrqm ra6eup6 aql Jo uorypuo) lEDueuU eql ur aoueqr asie^pe pue lEualeu p Jo elualnllo aq3 (r) iE-LVdUSIS Jo luasuol ua}luM .ro1rd aq1 pue 'ol aUtou .rorld 1noq11rvr sAep anqnrasuor (08) Iy1ql io1 rauueu 1ua6r1p e ur sajrrua5 ar4 u-uoyed o1 alnlte1 lequelsqns ro la6euegrl aql lq serrruas aql Jo aluelu:olad 1o uonessar aql (q) 1""'alnpaLps ug uanl6 ueld luau:Ioldap aql qllm elueplolre ur gq5 1uaua6eue61 aq1 fuo1;ra1 ur e^eLl pue Alanqte loldap o1 ra6eue61 aql Jo ernlreJ aql (e) :1uaa3 alflafe4 arlol e 6uunp Jo Jo ]lnsai e se slnlro l!
J!

(!l) rc 'luauraalEy slql Jo qrearq e uor1 sllnsal l!
Jt (t) ta6eue6 aqq lq 11ne1a6 Jo lua^l ue aq lleqs luale qlns ou leqt 'l5 5moq TAPRof-d :€'SI asneD o1 luens:nd luauaalEy stql aleutuual ol l:LIVUll:lIS Jo iled aql uo 1q6g aql ol asu anr6 11eqs 'arnl o1 (Iue 3r) papruuad pol.rad aurll arll ulr{lM parnf, lou lt 'rlltqM '(,1;neleq ,o tua^f .ra6eue6.. e qrea) ..la6eue14 aq1 Iq 11ne;ap Jo lua^a ue aq lleLls quana 6urnno11o1 aql Jo qlel -I=Ly6U:IIS ^q TflVAAf,IS tq uorleuural I'Z'SI lfneJao roj uo[eulu]el z'sI.
spq luaultulocde, qfr]^i '6ut..:eaq anl) pue l:llvltull':.

ol all.
]ou laUe 1llydulls 1o dq 6urputM aql :o1 6utpaalr-ud e u1 lolelll-tbt1 leuotstnolcl e Jo lualLilulodde aql (rlr) ljat1a.r lellulls lalllo .ro 'iunlJo.lulorx 'Alldnqueq ;o' uotltlad e Jo -lf.IVUX-lIS /.Q iiutlg fue1t.rn1or aql (ll) :llIVrlU315 1o dn 6utputr,n aq1 iol l.lIVUU:lIS Jo slaploqarBLls bq1 Aq uorlnlodar e 1o burssed aql (r) :quana Sutt*o;1o1 eq1 1o r(ue 1o aluarnf,)o aqtr'(pe-r1uo3 slql lapun suorlebtlqo qt ujollad o 'aq Aau asei aql se 'A[ua papn.l]suolal;o paleuebleue aq1 {9ll]lgn nql prJE lou seop uonm4suorar ro uo11eue61eure qlns leq} 'pep-fom) uorprirlsuorar ro uorleueDleurp Jo asodlnd arp ro1 ldarxa r : :]felluof sltll se suoltlpuof pue sural aures eq] uo Jleiluol srrll rapun llIV"dulIS 1o suoqeEllqo aql saunsse uorldruralur lnoqllm 'aq Aeu ase: aq1 se 'r(1r1ua paletue6ler.ue aq1 ro paspenrrd eq1 alaqm -1IIVUUIIS Jo uoltf,rulsuola,t ro uopezlueEroar 'uogetue6leure ue (g1) .to 'lfIy;;UlIS ;o uo11es11enud i"qf (") .ro1 1da:xa 'l=llVUUlIS Jo uo[nlossrp ell] (r) (q) lpuareu Aue 1o auoal prals jo &o* ,"rj"'ru:ffiSiTJ:.tf#:r:,il; aq1 ,(q uon:e rPllruls ro uoglslnbre fuosgnduor 'uopeudordxa aq1 (e) :1uaa3 arna[e61 af,]o:!
e Jo llnsar e se srnl3o 1l l!

(iD .to perluo3 s1q1;o la6euegrl aq1 lq qrearq e rotJ sllnsat ll JI (D u,LVduSiS l,lq 11ne1a6 Jo lua^3 ue aq lleqs tua^a qlns ou leql '-r-5I5M6q Tep-f\-fd 19'61 iuopa5 o1 luenund lrp4uo] slql aleululal o1 ra6eue6 aq1 1o yed aq1 up U6I ar{l ol as!

anr6 lqeqs arnr o1 (r(ue 1) pallur.rad popacl aurl aln utqltrr lparnr 1ou 4 'qrlqm '(,11ne1ag lo luo^f, .|:llvuu:tls,.
E qrea) 131y66315 Aq 1;ne1ap 1o ]ua^a ue aq lleqs quts^a 6urrvroglo; arg Jo qrel n6eue61 aq1 lq uogeuwtal 7'7'91 ': 'df,N pue preog aql {q uonesl.roqlne .ropd lnoqlyvr flreog aq1 Aq pa^ordde ueld lpnuuv aql ul lno las suralr anq:a(sar aql loJ slru.lrl leoueuu aq1 Eurpaarxa :a6eue6 aq1 .

I pue :)ueq bulnssr aq1 lo lIIVuulIs Aq pauogsanb 6gpq ,t1lqear.roJua pue r(1rprlen sI ro ural aq1 6upnp aurp Aue le paJla pup alro1 lln1 u!
uleuiat ol bulsear ealueren9 aql :Joaraql Ipauar 6ulpueurap pue '11e1ap alqeuoseat u1 uoqsanb u!

qtrearq lpualeur aqrr Eutlquap!

luauaar6y aql Jo uollpurura] oql ut llnse-l plnof, lel{ parnlf,o seq luatuaar6y atg Jo qrealq lpueleur e leql Eupsls1il11du+S ruo{ af,rtou ra1e slep (Og) ,{+r1lf uttlllm patpaura.r .lou s!

leql luauraa:Ev srql;o :a6eue61 aq1 Aq qtea:q lepaleur lue 1(pa.rou6r {g lleqs uonsanb rapun popad aqt u!
luauainseeu roJ lleJ lou op qlrqtl sla^a-l aruEuuojJad uinururhl aql toalaq sasod:nd ar..[ roJ) rea1 pe.lluof e ut srl]uorx (9) xts lo pouad anqelnunr iaalqi 1o poltad anqnf,asuol p ro, slalal aluput.toJ.lad e ro srguout (e) urnururl^l aql ureluteut pue elalq:lp o1 la6^eue6 aql Jo atnltp1 5u1:lnta-r (0 (r) (q) (r, lorl llEr-ts Ape6 e Aq Apauat a-rou .lo 3uo 'aslrlaxa o: 3,lllllu1 lo 'lo eslllaxa srll pue 'a^rJelnurnf alP salpauau '(aalueletlg aq:l alro]ua ol l:].LvuI-iIS io 1q6;r aqt'uorlellLull 1noq11rvr '6urpnllul) Mel le alqelle^e alE Jo u;a.l3ll papl^old are leql sarpaurar raqlo Eutslrraxa uo-t1 A1e6 aql apxllald lou saoP 'ula.taq papgno.rd se 'iuauJaaibv srql aleululral ol l;-ted e Jo ltlOtt aql Jo aslllaxa arll l'l, SI s3lpaulau raqlo l,'!1 'l1dde 11eqs S'SI asnelf pup ateurural Alaletpauul gleqs luauear6y stql uodna.raqM ',{1ei1 .raq1o aql ol alqoN uorlEulural e Duuantlap lq 1uar.uaa.r6y irql aleuru.ual Alu a1eu1r.u-ra1 ol lualul Jo alqoN aq1 uanr6 Dutnetl lye6 aq1 'palpauar uaaq aneq lleqs aleulural ol lualul Jo arloN aq] o1 ast.t 6u1a,t0 llnpJao Jo 1uan3 iaql ssalun ro paar6e esrMleqlo aneq lleqs salupd eq] ssalun pue Z'E'SI asnejJ ur paqu)sep pouad uoflsllnsuol aql ;o uoqe:rdxa uodp ^Ipd 'llneJap palnl qlns Jo ]tradsai ul ]uauaarov s1q1 aleurural o1 1q6u 6u111ne1ap-Iou aql u3t{l'g'5'91 asnep qIM alupprorle ul ou a^eq lleqs al[oN uoqeulur.lal e Jo fuar1;ap aq1 o1 .ropd au11 lue ]e parnl s!
llne;ep aq] Jr pue llne;ap aql alnl ol sUoJJa alplapun oJ anuquor ,,(eu.l 11ne1ap u!
IUed eql 'aleulural ol lua ul Jo alDoN eql 1o fuanrlep aq1 6urmo11o1 pouad aq1 6u1rn6 'saruelsunf,rp arfl lle lunorle o1u1 6ur1e1 llneJaq Jo lue^:l luelalar aql Jo saluanbasuol aql 6ul1e6orur ol Ma!^ e qllM ualet aq 1leqs sdals leqM ol se (aal6e ,{11en1nu Aeur sa1ye6 aq1 se pouad ra6uo1 qrns ro) sleq (Oe) lUtU o1 dn 1o alep fuanrlap qlns uo 6ur:uaruurol pouad e .toJ llns*uol lleqs sanred at4 (e) 'ageuruJral ot luelul Jo er[oN e 1o fuan11ap aq1 6u1rr,ro11o3 o1 asp 6ug^6 'aq leui esel aql se 'llne1a6 Jo lua^l -rr.1*O=rr?
"ri":;# Jo lualj .re6euei1 aql lrelap alqeuosear ur Alpads lleqs aleutulal ol lualul Jo erqoN aql 'Ayg6 6ug1nelap aq1 o1 luatuaar6y slt{l aleulural 01 lualut slt Jo .

(,,e1eugrura1 o1l1ua1u1 1o argop..'e) af,qou p 6uganrlap lq pe4uo3 sltp 1o ,por.rad uorleuluuel alenlu1 'uoqdo sll le 'Aeu lpe6 6up1nelap-uou eqt 'Aue ;1 arer6 alqerrlddel aq1 u1ql1r"r parnl ]ou s!

leql 'aq {eul aser aql se ,llneJao Jo lua^J EIV6UIIS ro llne1a6 Jo lua^:l .rabeue6 e Jo af,uailnl)q aq1 uodq z'e 'sr T't'sI sarqoNuo!
]eululral t'sI ?

';oaraql lpeua.r Euqpueuap pue l11e1ap alqpuoseel u!

qlealq lepaleu aql burlgouapl 'pe-euof srr.ll Jo uolleutu.lJal aql ul llnsel plnor leql parJn3f,o seq lf,e4uof oi.lt Jo qrearq 1epateu e 1eq1 6upep tllVUUfIS ol Je6eue6 aqli uo.r1 af,nou JoUe snep (gE) ,t-r!r4 ulrflfvr parpaulal lou s!
lPql ltrequoS slr{] lo 'l]lwt315 Aq qrealq leualeu: {ue lqrlql roJ pledun senunuot 1eq1 luaulted loJ atep anp aqt uo pe4poj s!\rl repun 11 Aq apeu,l aq o1 palrnba: quaulled .ro luauled Aue 1o iEuryeu aqt u!
-11LWU315 r(q qlnelap lo llnegap Aue pue Islep ](08) lsi(ep (gE) lqtUr uttflfrrr &Uoglne lualeduot Jo Inol e Aq pas-rana.r ro pa^els lou sllleql .I]IVUUSIS dn Eurpulrn rapro ue Jo ]IIWUIIS ra^o uoq)lpsun[ qlyvr ynor e Aq 6uueu aq1 (^l) lluaulurodde qlns Jo sAep (96) Ilaulu ulqttm pa,{e1s .ro aplse tas uaaq lou (a) (p) L ..iors;1^ _j .

:jv i: palndsrp aql pup q:llMquoJ slutlcuie palndslpun JLl.i lo ILrarr t^ed a)iur lt lieqs l3lwx:lls 'luauralets luno3'lv leut:j aql o] -t.llydu3IS A.
{ suorllalrlo Iue lo lua^a aql uI 'll]Lvtiu.lls Iq 1oa raql ldta--,al 1o olep aql io slcl) (ST) uaauu urqlr^ luauralels ]unollv leutJ aql ol puodsar ptlP Malnal lletls llI\rdUjIS '1uau.raa.r6y slql Jo suotstlo.ld aq1 qllm 3fueprolle ul uotleululal Jo Junolle uo ro raue pue elolaq pan;cle la6eueyl 3Ll] ol anp s.luotuAed pue saa, lle Ielep ur lno las lleqs luaualels lunoflv lPurj au '(,,lua[ualels lunoorv 1eu11,,) uogeurtural Jo olep al$:a#a aq1 ,ro slep (0e) Al-ltji urqrrM lllVUUlIS ol luaualels lunorle up lruqns pue a:eda;d 11eqs la6eue6 aq-g 'pe.quo3 su1l Japun suoge6rlqo s1g ;o arueu.royad aql qilm uol]auuol ur rabeue6 aqt ol paphord -plVu1ltS Jo ,tlado.rd aqtr luatudrnba pue sallllDe] 'areMuos 'sauolua^ur llp ra^rlap pup :Z'8T pue /I asnep Jo suual ul asrr 6u16ur.4ur -uou pue fillenuapguor 3o suoqe6rlqo sll o:l arrpnfard lnoqllm lnq splorar leurolu!
qr 1o 1ed se 6u1o6aro1 aql Jo qrea lo ldol e urelar o;l papqua aq lleqs luEllnsuof aqt 'leql papr^oid 'tT'02 asnelf Jo sural u!
1:IVUUIIS;o sapado.rd eql are qllqM luaulaar6y srql lapun 1t {q paredard salqeranrlep Jaqlo pue sprolar 'slenueui 'syoda6 lle ranrlep (:) (q) 1:a6eue6 ag1 r(q 1no paure: 6u1aq uolleuru.ral qlns ol .ror.rd Alalerpaurul arem qlrq/v\ $rrruas pue salll^nlE aq1 ;o uondruralul unLuluu,lr qllM ra^opueq a^rllaJJa ajnsue *, ol Jossatrlns s1 .ro ra6eueu-t Euluorur lue ro 131yX6315 1o saar{oldura aql qllM IroM 'luaLuaar6v slql Jo uoneulural lo alep anqraJqa aql raue sqquou (9) xrs Eulpaarxa 1ou pouad e roJ 'I alnpaqr5 u!
lno las srseq eql uo palnduror Jleqaq sr{l ul l;llVUUlIS ra6eue6 aql Jo slsol fuessa:au pue alqeuoseer ;o luaui(ed o1 pa[qns (e) ^q t'i'E I 11eqs ra6eue61 aql 'uolleururel lo alep alrllaJJa aq1 uodq rs'sI 'uo[eu!ura] qrns lauP 'ro uo a).roJ ur anulluof, Jo oJur aurof, ol papualu!
uope:r1du1 Aq ro llssatdxa sr qllqM Joaraq uo1s6o.td lue;o arro; ur aruehurluor aq] to af,lo, olut 6u1-uor aq1 rou fire6 Jaqlra Jo sanrlrqEu :o qq6lr panrf,f,e Aue llaJJe lou lieqs pue Mel le ro rapunaraq ol pall[ua aq leur i(ye6 e salpau]ai ro slq6p laqlo Aue o1 arlpnta.rd lnoqlm aq lleqs uoseal Iue ro1 luauraer6y sgql Jo uoneullural AUV T'S'qr uoqeuruJsl Jo sgruaRDasuo] s'sI .llnp;a6 Jo 1uar3 ra6eue6 luenalal aql ol uouelal u!
ellloN uopeurruraj e Eurnssr lou I;IVUU IS Jo ]ua^a all] ut olaraql uoBelar ur :a6eue14 alfi Jo slso] elqeuoseal snld aeluetenC aql Jo lunoue aq] asrnqular o] saarbe IIIySU:IIS IVH1 OlOt OUd 'lneJeg Jo lua^l tabeueyl e Jo alua.unlf,o a$t uodn aaluareng aql e)rolua la6eue6 eql ol as:nolar lnoqllM aujlt lue le {eu l=ttWU:lIS 1eq1 paar6e seq:a6eueyl aql'aloJalaqa 'auluralap o1 a;qrssodu:1 lo llnlugrp aq ler.u leql slunoure ur pa6eulep llaVdUgIS leql saar6e :e6eue6 aqe 'Eulo6aroJ eqt 6ulpuetsqllmloN aq ^eL!
'Aled teq] itq satpauar raqlo'1o rallem e alnlDsuor ro !o eso:exa aq1 epnl:ald,lo 11urr1 z'b'9r alep ldlalar palnpaq)s aql ra:ue A?p (.0t) qla0llql aui puoAacl Aulap e .ro 1an6e1d lo llu.l3Plda 1uollEurueluol lPtrltuatll -to uotsoldxa 'alg 'opeurol 'uooqpll 'arg '6ugu1q6r1 ,se ianem lePg .lo auelplnq 'auoll^tr 'u"uols 'poou 'lueunq 'alenbqyea q:ns r(quanas leuogdarxa Jo s]uala lelnleN lmel ut sa6ueq3 (q) (6) 0) (a) (p) l(;;e15 luaua6euEN aq] Aq asoql 6u1pn1ixa 1nq)..ra6eue6 aqt $ute6e palrarlp ere lPql esoq] ro luatuu.lanog ?qr ro l:lIVuX:lIS lsu!e6i: papallp Jo tlllm palellosse suoqle inoqel ''uoqellutt ]ou pue alduexa ;o let* Aq 'se qtns 'arnleu lernltod ie ;o are leql lo 'smols-ob to alnr o] srlloM 'sa)Ms (t) allln)asuol e rd.1 palsxa alpq Jlaqr lleqs leqt Juasuof, 1o asdel r{ue (q) iarou ro sAep (65) I}tlqt Jo Pouad , ,!
t aEeloqes lo 'urspo.ual 1o uEleduer ro lle 'uoporuuol llAD 'uoplaiinsut 'loq 'uo[nlolar 1'o6.requa 'apel]olq 'Au:aua uErarol Jo lle Jo ltrlguol paule 'uolsplul '(parelrapun Jo parppap raqlaqm) rervr 1o pe Aue " (n) quautalrnbel anoqe aql sauslles qtrpa ]eh luelxa aql o1 i(1uo 1nq 'saf,uplsurnrp pup sluana 6urano1lol eqt Jo r.llea apnlrug 11eqs rapunaraq ,,stuan3 alnafe6 euo1,.
'sa]nseau uopralo.rd aq1 jo A:erga A1a1l1 aq1 pue 'lnlf,o plnoLls lr Jr lua^a qlns Jo pal1a apeqo.id aq1 '1uara qrns Jo pooqnalll ae Jo lq6r; u1 alqeuoseal ale qllqm sap^Fle jo qre sapnpul arel alqeuosea.r leqt paar6e pue poolsrapun 6u1aq 1r 'a-rer algeuosear pue arua6111p Jo as!f,raxe ar4 q6notql fi.re6 papage aq1 iq yed ur rQ apqrvr ul parpaulal to fauoltano 'paluanatd uaaq aleq lou plnof, paJJa asra pe pue lelialeu qlns leu 'fAfEmOq TEB.nOfd :ttreIuof, slql -ol luensrnd Jo rspun suonebllqo q lo I1led 1eq1 Iq a:ueu-r.royad aq1 q:a;e Ilasranpe pue r(llepaleur aleq aAmaJE aql Ja14e ro uo ]eql pue /pe6 e 1o lorluo) alqeuosppr aq1 puoAaq sl leql safuelsurnllf ro sluena Jo uorleurqurol lo ef,uelsu.lnf.l11 .ro luana Aue ueaur lleqs ,,1uall arne[e6 efro:1,.
V Uo[lufao- I'9I :IUnf rvN lf,uol 9r '6I asnelf lapun uorlnlosar .ro1 alhdslp aqq raJal r{eu /1e6 laqlla 'ples-a.lo;e se suol}pJlnsuo: 6urr*o11o1 pe^loser 1ou sr alndslp a{l luala -aq} uI 'truauraal6e Jo alpp aq1 1o sr(ep (Sf) uaagg ulrnlM lua^a ut lnq qlrvtquoJ JoalaLB lueur^ed a)eu lleqs lLfy5;l6 'luauralEs tunorrv leull aql Jo suaqr palndsrp aql uo seped aql;o luptuaalEe Jo luana aq1 u1 'sAep (91) uaalg;o popad .raqynl e JoJ saued aql uaaMlaq suooElnsuo3 1o pafqns aqtr aq lleLls slunoure ^ue aqi leqt 5Si]nnfp-p.lfofd ']ua^f a.lnalehJ a]loj ']ql Jo uorltJssal uodn qllMqloj luauaal6v slql rapun suoqe6llqo slt Jo a-luPtx]o]lad oq1 aunsaj o1 ,!np e .t3pun laq l1eqs fue6 pa]laJje aql 'T'5'9I asnell qllM alueplorlc ur 3rneleN alrol, Jo uosear aql roJ paleuiullal lou st luauaal6v aql paplno.ld '(luauaa-r6y.
stql .rapun r(ye6 pap3l1e-uou aq11o uoqebtlqo fuetuud aq1 arei qllq/vr .ro; sasuadxa eq1 uotleEtlqo uP ol uor1ela] u!
lotl 1nq) sarnseaul uoqe61ltu.r aq1 ;o rbe:rga A1a1r1 aq1 1o 1qbt1 ut alqeuoseal are suns qltqM 'l'r-rqa Pauage aql Jo Jleqeq do io Aq Aauou.t 1o sulns alqeuoseal ;1e 1o luauAed lar{l 'of pallulll lou 1nq '5u1pnpur '1uan3 alna[e14 a:lo3 e Jo qf,aga aq1 a1e6p1u.r ol s1-tolla elqeuoseal llp asn llPqs A1e6 papale aq1 z'i'91 T e'9[ dJued]rolad Jo uor:lcI u.rnsau UO !lPl)lllt^l f '9I 'uartt6 uaaq seq I'z'9I asnei3 {q parlnbal olqou aql lpun luau;aa.r6y srql o1 luensrnd lo rapun suollP6rlqo q!
t{tlM 6u;,{1duor ur r(elap ro arnlreJ r{ug .ro1 g'91 asnelf, oJ luens-rird pasnlra aq lou lleqs [ye4 papage aq] 'asel Ll)ns ur leq] T ffimq TapIIOA lauq ra1e1 e te argou q:ns 6u1nr6 uo.rtr rQe6 patra]le aqt lue^ard 1ou i11eqs I'z'9I asnelf, Aq pa.rlnba-r eurt aql ugqlrn lq-re6 .raq1o 5qt ol luall a.rnb[e6 a oJ e Jo arpou a4g6 ol i].led pal$Jle aq1 Aq a.rn1re4 'anoqe (q) pue (e) 1o qrea go alpernDo aql la.Ue slep (2) uanas ueql Jelel 1ou 1uinj,,tu!
,1 lnq 'a1q1ssod se uoos se luauraa:Ev slLll Japun suopeEllqo $!

Jo alupur.lo,t-ted aluauuro*J ol Alllqe s,I1e6 papage aql (q) pue 'luanf arnafe6l eltoJ aql Jo uqnessaf eql lue^l arna[eN auol 6u1o6uo ue o1 padsa] rpu (E) ]o iqred raqlo eql ol a)ltou apr,rord osle lleqs liled papa;Je aq].
'(s)1uan3 alna[e6 atrroJ aql o1 anp suoqeBllqo pa]tra;le sq 1o Aue 1no Luer ol alqeun aq llll 1 stf,adx6 lqeuosear fite6 paltrage aql leqt au1r eq] 1o 'agqetlue:d tualxe aq] o]'saieulEsa pue Joateql (s)ltrag3 aq1 aleEgrut o1 .ro/pue plo^e ol fue6 papage alp p syoga ag1 o1 Eugelar uolteuro1u!
Eugepdn .rb 6urplno.rd pue (s)asner q; pue (s)1uar3 aJno[e6 a]{oj aq} burqu:sap l11rg a.rour {ye6:aq1o aqt qt sa rtou raqInJ oprlold lleqs l}ipd papaJe aq1 'Iye6 .raq1o aq1 Aq os op olipalsanba.r A;qeuosea: uaqM ro aleudordde uaq6 'sialteur luelalar raqlo pi.re 'suo0e6llqo aq1 uuoyad ol alqeun aq ;prvr r(ye6 peltre;Je aql leql aup 1o popad aql Jo aleurlJse fueu1tu11ard e 'palreJJe suo11e611qo aql Jo uollen1e,aa fueururlald e 6u1p1aord 'pauruJ.relap r(lqeuoseal aq 'usr leql luaya pq1 o 'pup llelap alqeuosear ur (s)1uar3 arna[ey1 ar]ol eql Eulqprsap '(s!uir3 a.rna[e61 e]loJ atg Jo aluernlf,o aql Jo are/v\e sauoraq iQe4 papage dun ,"U. slep (Z) ualas ueql ratrpl lou 'luana Aue ur 1nq 'alqmrpe:d se ui:os se (s)1uan3 a.rna[e6 a]rol erp Jo elqou iye6 raqlo aq1 an16 gleqs lye6 papage aq1 luauaar6y slrg rapun suo11e61qo q!
lno futpr ol alqeun {1ege!

lo l(11oqr* sr lye6 e '1uan3 a.rna[e4 a].lol e Jo uoseai Aq JI t'z'9t Z'Z'91 1'Z'97 'uo11epodsue.

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luapllle to al!,r1s e iq A1alos pasnel st r(elap qrns uaqM 'lily6uf15 .ro1 llssardxa parnpelnueu eq :lsnui pup pa,tapJo rilau.rp uaaq seql 1eq1 luaudgnba 1o arard lofeut e ;o ldra:a: at11 ;o sEblr-EEmOruo-iIE5UFoN Z'9r ., ri1-' -ija/'\ r- Ji papr^ord 'Aeur lr 'ra6eueh aql Jo alrri,)ollOau ssolrj Jo Alolos JluanlJasuol ltaltp 3r.ll seM lua^l alnafeN aJiol aLl] leql sa^all.r.l Alqeuoseal II,LVUUIIS J!
'IVHI CllClAOUd '1uar3 alna!e14 alro:l P Jo aluPllulluol aql 6ut:np Japunelaq ra6eue61 aq1 Aq suopeEllqo sl!

Jo a:uetuloltad aql u!

,ro Aelap aq1 6urpue1sq11m1ou labeue6 eql ol aeJ paxrl aql Jo sluaulled aletu ^-l!llqeu!
o:l anulluol lleqs l:lIVuufIS aql PUe a^lalal ol pal]l:lu3 aq llPLls ]a6eueN sql 'a)qoN uorleulu:al aql Jo alep aql raue slep (91) uaa1u butlleJ aleP aql uo paJJa elpl ol alqou rllns 'ellloN uolleulullal e 6ulruas ,{q petluo] slql aleuruual o1 uondo a{l a^pLl lgeqs lye6 raqlra uaql '.real e u1 sAep (971) s/kp ,!uar'r1 parpunq auo Jo pouad annplnunr e ro slep (66) fiau1u 1o pouad alnnf,asuol e lo1 burnuDuor 1uan3 arna[e1.1 a]rol e Jo luana aql uI z's'9r ['!
'9r ornAEfifEilo:l olEntruoilEulLulal 9'9I u,a6eue^"q,p,,or*,011;J"iil'::HHff],Ti:i,ffi ff"f",']:"i,?
"t'::,] uo pue lualxa aql ol paseatr a^eq ol peuaap aq lleqs 1uan3 a.rna[e4 a:lo3 aql pup suolnlos aqq luauraldu.rr o1 paarold 11eqs ra6eue6 aq1 '-ra6eueyl aq1 ;o l(1rpqede: pue aspladxa aql urqrllM are pue ll-L\fdd=lls ,{q auroq aq o1 paal6e ale ples-aro1e Eupaau aql le panllp suorlnlos aq1 lueu-raldr-uq ol slsor leuonrppe {ue pap1nol,1 '1uan3 arnafeq ef,iol aq] Jo elua.t.tnrlo 'aq1 alrdsap paurolad aq uel qr1q4 suope6rlqo aql Jo af,ueurolad ;eped pue suoqnlos punole ItoM '1uan3 alnale6 atrrol aq] lo spaJle aql a1e6q1u o] sarnspaui Eurpnpul uelel aq o1 (s)uopre r(ue pue 1uan3 alnafe6l alroJ a{l ssntrslp ol }aau llPqs salued aql 'z'9I esnell iepun lua^S aJna[ehl alroJ e Jo aluarinlro Jo alpou e 1o fuanq;ep aqq;o sle6 (1) uanas ulq1l6 punorElirom 9'9I 'tua^f arnefe6 alrol e Jo llnsar e se llied papaJJe aql Aq paraJJns asuadxa ro sso; lue ro1 lq111qeg; Aue leaq lou lleqs {ye6 laqlo eg 'oor sasnel3 ro Z'S'9I asnep o1 luensrnd luauiled ro] ro €I asnelf, ol luensrnd uoReluruurapur ol rq6p t,{Ued paltraJ1e aq1 o1 a:rpn[a:d poglru pue 'lye6 raqlo aql Iq luauaer6y s!r{ Jo saqlparq ro; ueql iaqlg :pernrlo Jou lual:l papaJJe ae Iq paluauedxa uaaq ssaleqrua^au arnafpN a]roJ aqt peq a^eq plnoM le;ap ro arnlleJ qlns lpq1 lualxa aLg ol t'9I uoqlas srql o1 luensrnd l(1re6 palrage arg o1 paluerE aq lleqs 'saurlppap arueur.rolad;o uorsualxa aq; 'uoqe11tu1 lnoqlrm 6urpnpul 'Jarlar ou teqt 'lE Em6ri--p5pl^6id lpapualxa aq lleqs luauaa:Ey slql rapun teaul ol pa1e6rlqo s1 lye6 papage aql le$ aullpeap arueuuoyad lue (q) pue 'luanl alnafe6 a]roJ aql ol anp paluana:d os luaxa ar11 ol luaruaar6v slql ol luensrnd ro lapun (1uau-rAed e .
aleu ol uope611qo ue ueql raqlo) suone6rlqo s11 6urulo;:ad uq i(e;ap.ro atnlreS roJ elqerl aq lou lleqs Alied papeJjs aq1 (e) uaqg 'Ilduror os ol sanuquol pue €'9T esnep Japun suo11e611qo aql qllM pargdu:or 1uan3 arna[e6 auo3 ^ue aql Jo aruaxnf,f,o ?ql alurs saure llp 1e seq lye4 papaJlp aq1 se 6uo; o5 ^]ed '1uan3 arnafegr; e]loJ aql Jo uopessaf, uodn suoue6rlqo sgq 1o uogdunsal atg q1!M uollJauuot u!
paJnlut l;ltessarau pue A;qeuosea.r sasuadxa pue qsol lle Jo luauasrnqutar ol paprlue aq l1eqs n6eue61 arnarPN aljoJ Aq pasne] Aelao l,'gl lenllallalul Lllns leq] pspl^ord sslued pltql ]o trLl.

)uaq Jq] loj ro luaua(l inno ni ,oi,q-raoord lenllallalul sll Jo Aue ;sn ol lqbl.i atll saruesa.!

A1e4 qlel i :.lorsJan -r-:Vi!

(l -rill'.
EsRl6'Eqq[ z'EI 'Ai1n1ad:ad ul aluolll alqPla1suerl l,1aal; 'antsnl:xa -uou 'aa{ Ilge{o.r e Jo slseq eql uo salqe.lantle6 ples aq1 rrt paspdruo: fi-radol6 1enpa1ia1u1 6uqsxa q1 Jo'l:IIy6U;llS o1 uolstrrotd aql alnlold 11eqs lo aplnord fleqs.ra6euey,1 aql'ur.lar aq1 puoAaq pue Eulrnp -l3lvuu=lls Aq salqeranllao raql Jo asn to lueueq .rado-td .to; fuessatau luaua 3q1 ol- sTqbru Jo tuerg Iryaclor6 lenpallalul 1'BI BI 1o uoqe6tlqo Aue:apun ,(ye4,6ugnracar aq1 Aq pau1e1q9 Jou seM uogeullo1ul aql se .6uo1 os aues aql e6lnllp 01 aa.q sr 'fu1nbu1 alqeuosear :a1;e 'sana11aq ,{1-te6 6ulngara: ielp oqM l1-led prq} e uo.U paulelqo uoqeuuoJul 'r{yed prlql aq1 o1 y'q1;equapguor Pue illtlequaPguor Jo uoqp6llqo Aue .rapun paulplqo Jou sem 1eq1 aruaElnngp aroJaq Josrer{l r{pe6 6unlarar aql Jo uolssassod aql u!
uoEeul.loJu!

(:) (q) " slr.lq Jo qlealq Aq ueql eslMJaqlo uleuop lllqnd 3ql u!

uollel-uroJu!

(e) ?

tluauaa:Ey :o1 lldde lou lleqs anoqe I'ZI asneD Jo suorsrnord aq1 E'LI ' 'pe.quof, slLIl Jo uoqeuruuel Jo alep aq1 ;o fueslantuue (r.rls) qUU atg updn pa#a .taqunJ ou Jo aq pue altdxa lleqs lnq luauaa:Ey sup Jo uoqeurryrel eq1 a^!runs lleqs ZI asnep sn{t Jo suors!^ord aql z'/_t 'luaulaarby st;1 rapun suo!
]e6!lqo q1 uroyad o1 parrnbar aq Aeu se ueql aslMraqio 'sasodlnd u/v\o slt roJ nd lUea 6ursolrsrp aql Jo luasuol aues aql asn JO asollsrp aslMiaqlo Jo qsllq uappn rogrd lnoqltm (presarole se srolsalu!

.lo s.lapuel qtrns Jo ro sarued at[] Jo sras!^pe euolssalo.rd anluadsar aql ro I:IIVUU:IIS 'ur sro:lsalur ro 'ol d :o sapuoqlne fuo1e1n6er a1e!.rdoldde ro r*e1 i(q pa:rnbar slapual pue luauaar6y s1q1 o1 6uoelar rgLe6 raqlo aqt Jo Jleqaq uo se a,res) 1ou 11e leguapguol e Jo s!
qrlqM 'rQe6 raglo aql Jo slpge .lo uol 'lelfrauiuo) ro le]luqlal raq]eqM uoqeuiroJul pu 'subrsse pup srossailns pa]llLulod atrpadsa.r lle rlaql Jo qlee pue 'qua6e pue 'glusllnsuof, 'sJolf,eJluolqns 's-lollelluof, 'ge1s 'saalolduia Jraql lpq].
eJnsua lleqs pue 'lleqs selued sql Jo qref I'LI IlllPnuapuuof, /_T '6T asnelf Jo suolsr,rord aq1 6uJ1oau1 lq quan3 a:nafe6 eriol aql Jo aruenuquoi aql 6uUnp ,luauaa:6y aq1 saleuru.r.ral l:ttWU3IS pled aa3 paxH pLIl Jo punJal e Iaas L ilDrsr a/\ LJVIIC "r.i'JiJ 'sarued aq] uo Euiputq puP leuu aq lleLls lolelll(ue aq] Jo ple^ u eLlI 'slsol pue lsaralu!

preMe oj laMod aql s^eq lleqs lolelJlqr?
atl-L 'qsllnul aq llells uolleIrqrP Jo 36en6uel aql 'Aued Jatllla Jo lua6e lo aa^oldua ratu-loJ lo iua6e.ro aaAoldlua ue eq roJeJltqre r(ue l1eqs rou 'Alied .laqllo Jo uollllpslrn[ at1t Jo leuoueu ri aq lleqs z'6I asnelf, slqt ol luensrnd palulodcle lolelJlqle oN 'auo eq lleqs sJoleltqle Jo laqunu aq1 'sarue6 aq1 lq paalDe aslrluaqlo ssalun pue 'u-rof6u5r petrun aql ur pa rnPuol aq lleqs uoqe4lqle Auy I rapunalsql uollPlllqle ol luasuol Aqaraq saued aq] pue luopbury po]lun eql u!
uoqerlqrv uo Me-l 1euopeq.ra1u1 rlllm alueprol e u!

uorle4rqle Aq palgas eq lleqs seFJpd aql uaaiviraq suopegoEau lerqnu -6u1rvro11o1 pa^losa.r lou a1ndq6 Auy Z'Z'6I I'Z'6I uoqerltqtv z'6I 'iye6 laqlo aq1 o1 alndsr6 aq1 1o arqou ua$Un sanl6 iye6 burlndsrp aql leql alep aq1 ra1e sleq (Oe) &tq ulqlffi suolssnrslp lentnur ,{q qftel poo6 ur luauaptas ro} paldura]]e ?q aruepul lsru aql u!
lleqs (,,arnds!o,, e ':aleuga:ar1) luauaa:6y srg1, 1o 1no 6urspe .to qJm uoarauuor ut I3IygUIIS pue rabeue6 aql ua+Mlaq ranaoslpqm pupl Aue 1o luatuaar6esrp:o alndsrp Auy sarucalcFnoFnloseE I'6I salndsgq lo uoltnlosau 6T 'lLIVuElIS iq sa1quan11a6 aql Jo esn ladord aq1 1o uosear Aq At-red p.r1q1 e Aq 1q6no;q qq6r.r r(yaho.r6 lpnpallalul 1o quaua6ul4ut Jo sutep loJ r(pauar alos sJiIWUfIS pue A1r1qer1 agos s;a6eue14 saprrrord T'e'gI asnelf Z'E'BI ..I31\rdU]IS Aq salqe.ranrlaqi luelalar a{+ }o asn paldn.ualu!
pue panuuuotr ro3 safualll fueisarau ;o 1ue-rb aql a:nrord asuadxa pue lsotr sl!

le (r) ltMdlIS i(q gialnrur ssol lue $ure6e 131VU1SIS llluuapu!

llry (q) pue lluauaEugul JoJ sulell i(ue uro-q 6ur11nsar lo1 saged prlq lo sulep {ue pua1ap Jo enlas Jsol umo sl!

le (p) :lleqs.ra6eue14 aql 'raueareql ueal (g) aelql 1o pol.rad - e ro3 Jo rlral aq1 6upnp au!]

IUE le ltrerolu!
IUE le ltrerolu!

ueaq sneq o1 Euyrord (a) g'zr esnel3 .rapun ra6eue4 oL11 Jo lluprem pue uor]sluasaldar aq1 go tuana aql uI I I'E'BI 'i(ye6 raqlo aq1 1o r{yador6 len lallalul Jo uonlalotd aq1 asrurotdluor .ro arlpn[ald aqlNaq]o Jo Ssollsrp ro Jo asn a)pur lou saop lyador6 Alluixapul t'B'I 19.2.3 SIERRATEL unconditonally and irrevocably agrees that, the execution, delivery and performance by it of this Agreement constiqute private and.

commercial acts.
In furtherance of the foregoing, SIERRATEL hereby irrevocably and unconditionally agrees that no claim ofl immunity from arbitration proceedings will be claimed by or on behalf of SIERRATEL on the grounds that this Agreement and its actions hereunder coristitute public or sovereign acts and therefore immune from the arbitration lroceedings and accordingly SIERRATEL consents generdlly in respect of thd enforcement of any judgment against it in any such proceedings arising out of or based on the awarc,l given by the arbitrator.
20 lrliscellaneous 20.1 Notices All notices, communications, or other documents (together iNotlces) to be given or made by one Parry to the other PaW pursuant tq this Agreement shall be in writing, shall be addressed for the attentiorj of the person indicated below, and shall either be delivered personally or Cgnt by telegram, registered or certified mail, courier or facsimile.
The addresdes for serviie of the Parties and their respective facsimile numbers shall be: (a) IF SIERRATEL: Attention: Address: Facsimile: E-mail (copy): Managing Director 7 Wallace lohnson street, P,O.
BOx 80 Freetor.vn, Sierra Leone +232224439 1227777 sienatel@siermtel.sl (b) rF NcP Attention: Address: Facsimile: E-mail (copy): Chairman Lotto House, Tower Hill, OAU Diive Freetown, Sierra Leone +232227935 info@ncp.gov.sl (d) IF the Manager: Attention: Address: Facsimile: E-nrail (copy): <.> <.> <.> <.> or such otl-rer addressrs and facsimlle numbers as either lParLy may have r-rotified to the otlrer Patry in accordance with this Clause 23.1. : 'lraJ1a Pue alro; lln; ul uleual llelis qrlq/v\ 'lopt.lllalaq lq6u q:ns Aue 1o 1ua1uqs1nbu1lar eql se lo 'uollelle^ Aue Jo aluPldalle se 'qrearq aql lo la^le/vl e;se lle Aqaraql 1ou 11eqs ',:aq1o aql 01 A]led auo Aq paluerb a:ua61npur :aq1g .ro alrJll io 'luauJ3ar6y s1q1 ;o suolsqiro:d pue 'suolltpuol 'sula] aql Jo aiueuJolad aq) uodn uolseflo Aue uo lsrsug o1 Aye4 raqla {q a.rnleS aql 'lqau.raar6v slqq ur aslrvueqlo paprno:d r(lssardxa araqtvr 1dar4l Z'V'OZ paz!.roqrne ue r(g palnraxa Alnp ourluan ,3it'#'iir::i3:?
";5ii (q) - raq1.tn; ro raqlo Aue Jo lalleM p sp panrlsuol aq ro alerado l1eqs (e) ro lrappJeql luareJlp ro alll e Jo raqlaqM llneJap luauaarbv sr.1] Jo suors!^ord aq1 1o Aue ;o a:ueu.uoyad pq u1 .raq1o aq1 i(q 1nelap lue 1o lye6 .raqlga Aq ralrervl oN r'!

'02 sranleM n'oz 'Joaraq raleu palqns eq1 1o padsar u1 salued aql uaamlaq sluaua6uere lo sluauraa:6e 'suorleluasa;dal uallum pue lerQ snourard 11e pue 'la6eueN aql asuodsal u!
panluqns plq at11 'sluaurnf,op Japua] aql sapasradns pue Joeraq rapeul palqns eql ol uorlplar u!

salyed €qt uaaMlaq bulpue1stapun alnua eql sblelodrotrul 'ota.leq salnpaqi5 aq1 pue aaluerpng eln qllm.rag1a6o1 luau.raar6y sgql ^q .. 'salued aql Jo san[equa]arda.r pazl.roqlne Ilnp aq1 Aq paubrs pue 6ugurvr ut gr lluo Eurpugq aq 11eqs pe4uo3 slql ol suogepp^ pue sluaulpuaure 'suotrlppe llv II]aEEaTEVEINf €'02 DUlJlrM u!

suorJeuen z'az , 'passalppe st l!

qltqm ol I e6 aql lq panlaf,ar ltrE ul sl l!

Jl ai!
Jl ai!

]ou leut6uo aql aleptle^u!

lo pto^ lou lleqs uruuol os ol arnlE aql gnq 'pres-aro1e se rapnof, .ro ppu pauuel ro paralsr6al Aq luas .ro I1;euos:ad para^llap ' 6upr.rvr.ur pauJuuof, aq eqs allullsfE Iq uan16 a:r1ou AuV 'AUed Eupriarat atg ol passalppe 'papanbal ldrarar ulnlat'pagluaf, to palalslEar 'pledJrd a6elsod 'auoa-l prars u!
alllres lepod aqq:o; e1:e1da:a.r pauleluleur Apein6ar e ur palsodap 6u1aq .raae s{ep (1) uanas (p) .ro 'Iye6 6unraral ?ql ol passerppe 'fuan11ap 1q61u.rano JoJ.lapnof, e ol pare^tlap 6u!aq raue tteq (f) auo (:) 'a^oqe paullads raqurnu a;rurrs:e; qr{ye6 6unlarar aql ol Pllurlsre, lq papluJsueg alep aql 6ugrvrol;o1 lep ssaursnq p.rg aql uo 'Ared 6u!n1a:ar aq1 ro1 Aep ssaulsnq e Jou sr lpr{l r(ep e uo pallalal Jl 'pue a^oqe pFuIrads raqulnu eltultsfE s,Iiled Du!^ratrat eqt ol allullsre3 lq pallrusue4 uaqm 'r{1e6 6u1n1ara: aq1 ro1 lep ssaulsnq e uo pallaf,ar Jl (q) 'llleuos.leQ paluasald uaqm (e) pa.re^rlap pouaap eq lteqs sarpoN llv l_ u.irs ran ,:ivii[i -.
:i1)]" 'tollel]uol-{Ins lo .rollsJlp 'aal, )ldura ue se osjad qlns 6u16e6ua ol MalA e qtlM uosrad q:ns ;o 6ur1pr1os aql sueau Jllllos, asnelll srql 1o sasod:n( aq1 ro1 '1uau:aal6y sttll Jo aruelu.roled aql Jo saltruas aq1 1o uorslno.rd: aql ur pa6e6ua ro paloldua uaa(l o^eq oqn glels s,A1eq1 raqlo aql lrrr;os; 11eqs pasner rolaosmoq luauaar6y slql Jo uo!
:leuluJla:t ro Lrldxa.raXe ilpaf (€) aarql Jo polred e roJ pue uual aqt 6uunp /q-re6 raqllay I'0T'02 Uo-ilE]6ilos--IdN 0T'02 'saued aql uaa/vtlaq urnluosuo3 ro luaLulsa^u!

'dlquauyed 'uo11edq:ryed Alnba 'alnluarr 1u1o[ Aue a]ualsxa o1u1 6ur.rq Jo o)earl ol papua]u!

lou s!

pue lou saop llel]uol slr.ll pue opprJuol luapuadapur are olaiaq saruEd aql sol3Pr-tnof.luaFllEIlopuI 6'02 6qr ouunp qre ie;ruu1s ro asaqr ro Aue u!
aoeoua o1,;'X"r:r"'"TJJL'i#"ffii aql 'luatuaar6'V s1q1 arnro.rd ol.-l:ILVUU:lIS .ro uostad Aue o1 'peorqu .ro fuo11.ua1 aql;ut quasaJd pue sry16 lue ang6 ol paJaJJo ro uanr6 'peorqe ro fuo1g.ra1 aqi u1 raglaqnir pue Aluarnl u61aro; .ro sauoal u!

laqlpqm 'sutns r(ue pled .lauupru.ro l(em raqlo r{ue u!

lou aneq quabe pue seaAolduta 5l!


'iaEeuehl aq-l leqf pue uorssr.uurol InjMplun ro 'Ilpq-)ppl go-rtea 'aqpq iue 'arga:al .ro iled o1 uale apun rou 'panratat to pled aneq s1ua6e pue saaioldura 'sJalUJo s]t Jou t!

Jallllau ]eql suxu+e pue seiellap .ra6eue6 aqg UoEEETEY B'02 'fued prrrp Aue uo ra,raosleilr* uon:e ro Ins Jo lq6u lue laJuol lou l1eqs luauaa.r6y s1q1 'alqptalllaq qrps;o uogueda.ld aqt u!

acua6rl6au sl!

lol peq aleq ast/vuaqlo Plno/v\ l!


leqr Alllqell r{ue uo.q :a6eueyr1 elll a^arlaj 1leqs ra6eueyl aq1 Aq alqelanllag Aue 1o -13gyX6315 r{q lenordde Jo 'uonta[qo-uou '/vla!^ar oN e uaB ed pJ!

/_'oz mJREEToJ-;mfiAEn-6N 9'OZ 'pa;Ja ro alroJ lnoq1m pue plol aq lleqs uolDas slrll Jo suols!

ord au1 q1rrur eluepJof,f,e u!
lou luauru6lsse,luv 'aau6lsse aql Jo luauaq aql ol arnur lleqs pue uodn Putp,itq aq lqeqs luauraa.r6y sgql 'Euro6atol aqt qttm'alueprolle u1 pauElsse l[np uaqry;r{11roq1ny le}uauutalog lue o1 luau:aalEy s1q1 u61sse Aeu.r i1y6g315 ldaf,xa'olaJaq ft;e6 6uru6rsse-uou aqn lo luesuor uapl:rvr ror:d er-1j uodn {1uo saryed Jaqlo ol pauElsse aq leu luau:aa.r6y srql IuEmr .oissil S'02 ,eqs iaqlabq q,qM ro ;tiill:til'ffi;S,,o"ji:fi,:il],Ji,ffi 1o q:ea 'sy{d.ra1unotr aroLu io auo ur pa}nrexe eq Aeru luauaat6y srql strd:laluno:i tI'02 'aleUdordde uraap leur l!
se plaraql uo8elar ul 6ulqy(ue oP lo uolttre Aue a1e1 lo r{yadord qlns aluarll .ro I u6rsse 'JalsuPll 'Uarror ldePe 'asn Aeu oqr\^ :ll-LWU:lIS u1 llalnlosqe 1pn ;1eqs (uuo1 ;euq ro UElp ut laqlaqm) salqera^lla6 aql ur qsdralutl nue sIUEU fuetaudold pue aptl 'Iuadord raqlo 1ge '1'91 asnell qllM aruppro::e ul I:IIVUU:IIS o1 ra6eue6l aql pasLlalll aq lleqs qrlqM salqeraNl?o aql ul ra6eue6 aqi 1o lyado.t6 lenpallalul aql roJ ldalxl ^q salqera^rla( u!
A]laoojd ET'OZ 'aalueren5 etll .r.lsrujru paJla olur u.ret aql 6upnp aun llp le alloJ ur alpq pue lll\fd1lls 01 6u1u:or luaiuaarbv sltjl Jo uolllpuor e se llpqs labeue4 aqg SAIEIERS Zr'02 _.labPueN ,.qsnpHt luapn:d aU qtlM lldu:or o1 alqp are aql Aq les qluauraJnbar Jaqlo r(ue Ap11es osle Aaql leql pue sprepupls let{] lualxa eql o1 sarueduor [o sturg snoua6lpu!

ueauoal e.uers otr af,uareJe]d aArO lleqs .tabeuehl aqli 'suorle6rtqo alol sl!
Jo Aue puluor-qns lou lleqs .ra6eue61 eql let4 osle papgnold pue roltre4uol-qns lo .rolle4uo leL[] Jo suolssruto pue uorpe aq] lo1 alqlsuodsal ,(1a1os aq 'saurrl 1;e le 'lleqs 6u1De4uoc -qns lye6 aq1 paprno.rd luauaar6y s!r.p rapun suor1e611qo sli Jo 1le lou lnq 'auros luoybd o1 llgrqeder'pue asryadxa ';1qs elgslnba: aql bulssassod rarl ,{ue Jo JopeJluor-qns ro jollel]uor i(ue a6e6ua {eur sarued atll ^atn rbulllErluo5{Rg 11's7 'pa6e6ua rc par(o1du.ra os uostad aql Jo ssol aq1 Aq pa.unrur eq plno/v\ qrlqMissol ar{l Jo uoEeurl]se slqeuoseal e s!
enoqe z'II'oz asnelS -u!

pauDads e1nr,uro1 aq1 1eq1 aa.r6e pue aopapnoqte i(qa.rar1 saped aql '1a1qa: anp:un[u1 laas o1 llpqe qr(ye6 bulqreatq-uou aql o1 a:rpnfa.td qno{11m.

aq ;1eqs uolslno.rd sgqg 'pa6e6ua lo paloldura os uosrad aql 1o (qrearq aft 1o aull aLg 1e se) fue1es ;enuue ssor6 eqq o1 lenba lunoue ue sa6eurep paleprnbrl 1o ler,r rtq laqlo aql o1 Aed 11eqs q:eatq u1 /rqle6 aql uaql a^oqp ['II'oz asneD Jo q]ealq ul sr Aye6 taqlra leq] lua^a eql uI €'0r'02 z'0r'02