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REPÚBLICA DE COLOMBIA

LIBERTAD Y ORDEN

ALCALDIA DE LEBRIJA
DEPARTAMENTO DE SANTANDER
Secretaria de Planeación

Proyecto de Pliegos de Condiciones

CONSTRUCCION POLIDEPORTIVO, BATERIA SANITARIA Y


AULAS DE CLASE ESCUELA EL AGUIRRE DEL MUNICIPIO DE
LEBRIJA (SANTANDER)

Lebrija, marzo de 2009


2

CONSTRUCCION POLIDEPORTIVO, BATERIA SANITARIA Y


AULAS DE CLASE ESCUELA EL AGUIRRE DEL MUNICIPIO DE
LEBRIJA (SANTANDER)

" # $

% $ ##&

'
"

% ( #
3

% )
% * +

EL MUNICIPIO DE LEBRIJA, puede seleccionar en igualdad de oportunidades a quien ofrezca las mejores condiciones para
contratar por el sistema de precios unitarios, con las cantidades de obra, la calidad y las especificaciones técnicas contenidas
en el presente Proyecto de Pliegos de Condiciones para adelantar el proceso de Licitación Publica Nº003-2009 de acuerdo al
siguiente cuadro:

,-./0 0 $

!" # $$

$ $ 1
% * +
$%&% $ '( (
!" 1

) * ) )

0.- 023/4- .353 6/37384-/73 60/ 379/:


40 38 :
.:0;- 38 0/:<:8-= > .07 906:
-7
63/2394-;3843 3;6-74-.-7 20=: -.-7 908 ? 8.:93 6-<:
8-.0 > 40.07 =07 .09,;38407 4-840
0/:
<:8-=37 90;0 906: -7 .3538 73/ 63/2394-;3843 =3<: 5=37 > 80 6/37384-/ 4-9@0837
50//0837 0 38;38.-.,/-7

8 9-70 .3 A,3 =-7 6/06,374-7 80 73 6/3738438 .35:.-;3843 8,;3/-.-7 3743 /:


37<0 73/B
7060/4-.0 60/ 3= 6/06083843 8 40.0 9-70 6/: ;-/B =- :
820/;-9:
C8 9087:
<8-.- 38 3= 705/3
9084384:D0 .3 =- 023/4- 0/:
<:8-=

0 73 -9364-8 023/4-7 38D: -.-7 60/ 90//30 3=394/C8:90 0 D?


- 2-E 8:384/3<-.-7 38 ;3.:
0
;-<8F4: 90 7-=D0 A,3 3= 6/373843 6/09370 =0 /3A,:
3/-

* ) 637-/ .3 A,3 =- 8-4,/-=3G- .3 =- : 820/;-9: C8 A,3 73


70=:
9:4- 6-/- =- 6/37384-9:C8 .3 =-7 6/06,374-7 80 4: 383 =- D09-9: C8 .3 90874: 4,:
/
:820/;-9:C8 A,3 6,3.- -;6-/-/73 38 =- /373/D- 0 3= 739/340 6/043<: .07 60/ =- 3> =07
6/060838437 73/B8 /376087-5=37 .3 -.D3/4:
/ =0 9084/-/:
0 38 3= 9-70 38 A,3 =-7 6/06,374-7
9084,D:3/38 :820/;-9:C8 9082: .389:
-= 6/:D-.- 0 A,3 9082: <,/3 739/340 :8.,74/:
-= .3
4

-9,3/.0 908 =- =3> 90=0;5: -8- .35:


38.0 :
8.:
9-/ 4-= 9-=:
.-. > 3E6/37-8.0 =-7 80/;-7
=3<-=37 A,3 =3 7:
/D38 .3 2,8.-;3840

8 40.0 9-70 % 73 /373/D- 3= .3/39@0 .3 /3D3=-/ .:


9@- :
820/;-9:
C8 -
7,7 -<38437 0 -7370/37 908 3= 2:
8 .3 3D-=,-/ =- 6/06,374-

: 3= 6/06083843 : 89=,>3 :820/;-9: C8 4F98: 9- 0 /323/389: -7 A,3 73 .37D? 38 .3 =-7


37639:2:9-9:0837 4F98:9-7 .3 =07 > 80 73H-=- 3E6/37-;3843 374-7 .37D:
-9:0837 > 38
=- 34-6- .3 3D-=,-9: C8 80 73 .34394-8 * 3E:<:
/B A,3 3=
6/06083843 2-D0/39: .0 9,;6=- 3= 05I 340 .3= 9084/-40 -.I ,.:9-.0 .3 -9,3/.0 908 =-7
7639:2:9-9:0837 F98: 9-7 ? 8:;-7 E9=,>38437 908438: .-7 38 3= =:
3<0 .3 08.: 9:
0837
5-I0 3= 6/39:
0 374-5=39:.0 > 38 3= 4:
3;60 2:I
-.0 6-/- 7, 3I39,9:C8

8 40.0 9-70 80 73 -9364-/B8 907407 -.:


9:08-=37 0 .3;0/-7 .35:.07 - ,8- .37D:
-9:
C8 A,3
80 @->- 7:
.0 3E6/37-;3843 -9364-.- 60/ %

) )

% 9-893=-/B 3= D-=0/ .3 =-7 05/-7 9084/-4-.-7 6-/- /3-=:


G-/ =-
J
% * +K 908 =-7 -6/06:
-9: 0837 6/37,6,374-=37
A,3 73 @-8 .374:
8-.0 6-/- 3= 323940 = /37,6,3740 2: 9:
-= 6-/- =-7 05/-7 73 389,384/-
-;6-/-.0 60/ 3= 3/4: 2:
9-.0 .3 : 7608:
5:=:
.-. /37,6,374-= 60/ D-=0/ .3
*1 00+ 3E63.:.0 60/ =- 39/34-/?- .3 !-9: 38.- .3=
;,8:9:6:0 .3 %

) + , * ) )

07 6/060838437 80 60./B8 3E93.3/ 38 7, 023/4- 3= D-=0/ .3= 6/37,6,3740 02:


9:-= .3 =07
6/0>39407 *.3= 6/09370 374-5=39:
.0+ 374-5=39:
.07 38 =- 6/373843 : 9:
4-9:C8 L5=: 9- 70
638- .3 73/ /39@-G-.- 7, 6/06,374-

- 20/;- .3 6-<0 9087: .3/- %# !# ( ( & A,3 90820/;3 -= -/4?


9,=0 .3 =- 3> .3 $##&
73/B .3= M N .3= D-=0/ 404-= .3= 9084/-40

"$!" 37 .39:/ 3= M N /374-843 73 9-893=-/B ;3.:


-843 90/437 .3 05/- 6-/9:
-= 0 3=
/374-843 A,3 374:
6,=3 3= 023/3843 90;0 53832:
9:0

- . *

07 4/-5-I
07 6-/- =- J
% * +K 05I340 .3 =-
6/373843 =: 9:4-9:C8 .353/B8 /3-=: G-/73 38 7, 404-=:
.-. : 89=,:
.- =- 384/3<- > /39: 50 -
7-4:
72-99: C8 .384/0 .3= 6=-G0 ;BE: ;0 374:6,=-.0 A,3 37 .3 ) /01 ) ) 9084-.07 -
6-/4:/ .3= .?- 7:
<,:3843 - =- 239@- .3 7,79/:
69:C8 .3= -94- .3 :
8:9:-9:C8 .3 =- 05/-
5

Es de exclusiva responsabilidad del CONTRATISTA ejecutar los cálculos técnicos, jurídicos y económicos teniendo en cuenta
las situaciones favorables o desfavorables que se puedan presentar durante la ejecución del contrato para cumplir con el plazo
convenido, previendo y dando estricto cumplimiento con el pago de salarios a sus trabajadores por jornadas supletorias,
domingos o feriados que sea necesario laborar para cumplir con el plazo contractual.

. * 2 * )

= 6=-G0 .3 =:
A,:
.-9: C8 60/ ;,4,0 -9,3/.0 .3= 9084/-40 A,3 73 .3/:
D3 .3= 6/373843 6/09370
.3 73=399:C8 37 .3 9,-4/0 * + ;3737 9084-.07 .37.3 =- 239@- .3 43/;:8-9: C8 .3= 9084/-40
8- D3G D389: .0 3743 4F/;: 80 73 6/093.3/B - =:A,:.-/ 3= 9084/-40 ,8: =-43/-=;3843 .3
90820/;: .-. 908 3= -/4?
9,=0 $$ .3 =- 3> $$M .3

0 * * * )*

0./B8 6/37384-/ 6/06,374- 6-/- 3743 6/09370 .3 : 9:4-9:C8 ,5=:9- =-7 63/708-7 8-4,/-=37 0
I,/?
.:9-7 6L5=: 9-7 0 6/:
D-.-7 8-9: 08-=37 0 3E4/-8I3/-7 .3 ;-83/- : 8.3638.: 3843 0 38 20/;-
908I ,84- *38 90870/9: 0 ,8:C8 43;60/-=+ 709: 3.-.37 908 05I 340 L8:90 :=- 6/06,374- 73
6/37384- 38 20/;- 908I ,84- =07 6/060838437 -9364-/B8 7: 8 908.:9:08-;: 3840 -=<,80 =-
3E:74389:- .3 ,8- 05=: <-9:C8 70=:.-/:
- 38 /3=-9: C8 908 =- 6/37384-9: C8 .3 =- 023/4- =-
7,79/:69:C8 > =3<-=:G-9:C8 .3= 9084/-40 -7?90;0 7, 9,;6=: ;:3840 38 3= 6=-G0 908D38: .0
=- =:A,:.-9: C8 > =- 90874: 4,9:C8 .3 =- <-/-84? - L8: 9- > =- .3 /376087-5: =:
.-. 9: D:=
3E4/-9084/-94,-= */376087-5: =:
.-. 70=:.-/: - 38 =-7 2-737 6/3O9084/-94,-= 9084/-94,-= >
6074O9084/-94,-=+ -/- =- 3E: 74389:- .3 =- 05=: <-9: C8 70=:.-/:
- 70=-;3843 73/B 83937-/: 0
A,3 =- 023/4- 73 6/373843 38 20/;- 908I ,84- 38 908739,389: - 80 73 /3A,: 3/3 A,3 73
/32:3/- - 374- 9:
/9,874-89: - .3 ;-83/- 3E6/37-

3 *

= ;-/90 =3<-= .3= 6/09370 .3 73=399: C8 > .3= 9084/-40 A,3 73 .3/:D3 .3 7, -.I,.:
9-9: C8
374B 90820/;-.0 60/ =- 0874: 4,9:C8 0=? 4:
9- =-7 =3>37 .3 =- 36L5=: 9- .3 0=0;5: - > 38
37639: -= 60/ =- 3> .3 $##& > 7,7 .39/3407 /3<=-;384-/: 07 =-7 80/;-7 0/<B8:9-7 .3=
6/37,6,3740 =-7 .: 7607:9: 0837 9-;5: -/:-7 74-4,40 /: 5,4-/:0 .39/340 &M$ .3 & 3>
$$M .3 39/340 .3= .3 I ,=:
0 .3 39/340 .3= .3 .:
9:3;5/3 .3
> 3= .39/340 $ .3 > =-7 .3;B7 80/;-7 90890/.-8437 908 =- ;-43/: - A,3
/:
I-8 0 ==3<,38 - /3<:
/ =07 -7639407 .3= 6/373843 6/09370 .3 73=399: C8

-7 80/;-7 -94,-=;3843 D: <38437 A,3 /37,=438 63/4: 838437 .3 -9,3/.0 908 =- 3>
90=0;5:-8- 73 6/37,;38 90809:.-7 60/ 40.07 =07 6/060838437

4 + 5 * )

- 7:
<,:
3843 37 =- 9/080=0<?
- .3 =- 6/373843 :
9:4-9:
C8 ,5=:
9-)

ACTIVIDAD FECHA Y HORA LUGAR

Envío información a la Cámara Cámara de Comercio de Bucaramanga


10 de marzo de 2009.
de Comercio
6

Aviso de la Convocatoria y
10 de marzo de 2009 Pagina Web www.contratos.gov.co
Estudios Previos

Aviso en prensa 12 de marzo de 2009 Diario de Amplia Circulación

Publicación del Proyecto de


10 de marzo de 2009 Pagina Web www.contratos.gov.co
Pliegos de Condiciones
Recepción de Observaciones al Desde el 10 de marzo hasta el Las observaciones se recepcionarán físicamente en
Proyecto de Pliegos de 24 de marzo de 2009 a las 4 la Secretaría de Planeación o en la página web:
Condiciones. p.m. alcaldia@lebrija-santander.gov.co
Publicación de las
observaciones al Proyecto de
25 de marzo de 2009 Pagina Web www.contratos.gov.co
Pliegos del Condiciones y su
respuesta

Apertura del Proceso 26 de marzo de 2009. Pagina Web www.contratos.gov.co

Publicación del Pliego de


26 de marzo de 2009 Pagina Web www.contratos.gov.co
Condiciones Definitivo
Audiencia aclaratoria de pliegos Las aclaraciones se recepcionarán físicamente en la
30 de marzo de 2009 a las 2:00
y audiencia de previsión de Secretaría de Planeación o en la página web:
P.M.
riesgos Obligatoria alcaldia@lebrija-santander.gov.co
Visita Obligatoria al sitio de las 30 de marzo de 2009 a las 8
SECRETARIA DE PLANEACION
obras a.m.

Plazo máximo para expedir


31 de marzo de 2009 Pagina Web www.contratos.gov.co
Adendas

Cierre y entrega de propuestas 1º de abril de 2009 a las Alcaldía Municipal de Lebrija – Secretaría de
9:00a.m. Planeación. EXCLUSIVAMENTE

Revisión de Propuestas y Comité jurídico. Comité técnico


Del 2 al 3 de abril de 2009
emisión de Informe evaluativo. Comité financiero.

Publicación y traslado del


Del día 6 al 14 de abril de 2009 , http:/www.contratos.gov.co
Informe Evaluación y recibo de
hasta las 11:00 a.m.
observaciones de la evaluación.

Plazo para subsanar


Del 6 de abril al 8 de abril de Alcaldía Municipal de Lebrija – Secretaría de
documentos y presentar
2009 hasta las 4 p.m. Planeación.
objeciones a la evaluación

Respuesta a las observaciones


15 de abril de 2009 Pagina Web www.contratos.gov.co
del informe de evaluación

Audiencia Publica de 15 de abril de 2009 a las 10:00


Adjudicación a.m.

Notificación a los Oferentes Por estrados

Dentro de los tres días hábiles


Suscripción del Contrato
siguientes.
7

$) = 6=:
3<0 .3 908.: 9:0837 .3= 6/373843 6/09370 73 60./B 9087,=4-/ 38 =- 6B<: 8- P35)
PPP 9084/-407 <0D90 > 38 % Q 7,
6,5=: 9-9: C8 37 3E9=,7:
D-;3843 .3 9-/B943/ : 820/;-4:D0 > =07 38 40.0 9-70 60./B8
73/ /34: /-.07 .3 =- % 6/3D: - 9-893=-9: C8
38 =- 370/3/? - .3= D-=0/ 60/ 90893640 .3 2040906: -7 .3 90820/;:.-. 908 3= -/4? 9,=0 .3=
6-/- 3= 323940 =07 :
843/37-.07 .353/B8 -60/4-/ 3= /39:50 .3 6-<0 > /3<: 74/-/73 38 =-
6=-8: ==-

6 ) * ) ) ) ) -7 -9=-/-9:
0837 70=:
9:4-.-7
-= 6/0>3940 .3 6=:3<0 .3 908.: 9:0837 > - =- .:74/:
5,9:C8 .3 /:37<07 .3538 73/ 6/37384-.-7
.384/0 .3 =07 4F/;:807 6/3D:
7407 38 3= 9/080</-;- > 4/B;: 43 .3= 6/09370 8,;3/-= $ M -
384:.-. 6,5=:9-/B 38 =- 6B<:8- R 35 PPP 9084/-407 <0D90 ,8 20/;,=-/: 0 .3 6/3<,84-7 >
/376,374-7 38 3= 9,-= 73 9087:<8-/B8 =-7 0573/D-9: 0837 > 7,<3/389: -7 .3 =07 6/060838437
-7?90;0 =-7 -6/39: -9:0837 705/3 3= 6-/4:9,=-/' * 60./B :89=,:
/
-7,8407 .3 =-7 0573/D-9: 0837 A,3 9087: .3/3 /3=3D-8437 38 =- 374/,94,/-9: C8 .3= 6=:
3<0
.32:8:4:
D0 > 38 40.0 9-70 ;04:D-/B =- -9364-9: C8 > /39@-G0 .3 =-7 ;: 7;-7

* ) ) +* * ) ) )*

-7 -9=-/-9: 0837 70=:9:


4-.-7 -= =:3<0 .3 908.: 9:0837 > =-7 7,<3/389: -7 /3763940 .3 =-
-7:<8-9: C8 .3 /: 37<07 .3 =- 2,4,/- 9084/-4-9: C8 >S0 - =07 .09,;38407 .3= 6/373843
6/09370 .353/B8 .-/=07 - 908093/ - * 60/ 379/:40 > .3 : <,-=
20/;- 73/B8 9084374-.-7 .384/0 .3= 4F/;: 80 374-5=39:.0 38 3= 9/080</-;- .3= 6/373843
6/09370 ,-8.0 .: 9@-7 70=:
9:4,.37 :
;6=:
A,38 ;0.: 2:
9-9:0837 -= 6=:
3<0 .3 908.: 9:0837 73
@-/B8 ;3.: -843 A,3 73/B8 6,5=: 9-.07 38 =- 6B<: 8- P35
PPP 9084/-407 <0D90 20/;-/B 6-/43 .3= ;: 7;0 > 73/B .3 05=: <-40/:0 -8B=: 7:7 6-/- =-
6/36-/-9: C8 .3 =-7 6/06,374-7'374-7 -.38.-7 73/B8 6,5=:
9-.-7 @-74- 3= .?- @B5: = -843/:
0/ -=
9:3//3 .3= 6/09370 .3 73=399:C8

-7 -9=-/-9:0837 > /376,374-7 - =-7 0573/D-9:


0837 6/37384-.-7 60/ =07 6/060838437 .,/-843
3= 6/09370 .3 73=399:C8 438./B8 L8: 9-;3843 D-=0/ :
843/6/34-4:
D0

089=,:.0 3= -843/: 0/ 4F/;:


80 * 80 -9364-/B 38 =-7 34-6-7
7,57:<,:38437 .3= 6/09370 .3 73=399: C8 9,374:
08-;: 38407 705/3 3= 908438:
.0 .3= -=9-893
.3 =-7 374:
6,=-9:0837 > 3E:<389:-7 374-5=39:
.-7 38 3= 6/373843 6=:
3<0

-7 -9=-/-9:0837 > /376,374-7 - =-7 0573/D-9:


0837 6/37384-.-7 60/ =07 6/060838437 .,/-843
3= 6/09370 .3 73=399:C8 438./B8 L8: 9-;3843 D-=0/ :
843/6/34-4:
D0

74-7 0573/D-9:
0837 .353/B8 73/ :
.384:
2:
9-.-7 .3 =- 7:
<,:
3843 20/;-)

3H0/37
* *

' 2 * ) ) )* * ) 70 *
-778
8

Cualquier observación al respecto será recibida únicamente en EL MUNICIPIO DE LEBRIJA, de lunes a viernes en la fecha y
horario hábil indicado en el cronograma del proceso.

089=,:
.0 3= -843/:
0/ 4F/;:
80 * 80 -9364-/B 38 =-7 34-6-7
7,57:<,:38437 .3= 6/09370 .3 73=399: C8 9,374:
08-;: 38407 705/3 3= 908438:
.0 .3= -=9-893
.3 =-7 374:
6,=-9:0837 > 3E:
<389: -7 374-5=39:
.-7 38 3= 6/373843 6=:
3<0

9 ) *

= 389,384/0 6-/- =- D:7:


4- .3 05/- 73/B 38 =- 39/34-/? - .3 =-83-9: C8 .3= ,8: 9:6:
0 38 =-
239@- > @0/- 73H-=-.- 38 3= 9/080</-;- 3/B8 93/4:2:
9-.07 70=0 =07 6/060838437 A,3
==3<,38 -= =,<-/ 239@- > @0/- 73H-=-.- 60/ * .3 90820/;: .-. 908
3= 8,;3/-= $ M J T K .3= 6/373843 6=:3<0 .: /394-;3843
60/ =07 607: 5=37 023/38437 A,:3837 -9/3.: 4-/B8 38 3= ;: 7;0 ;0;3840 .3 =- D: 7:
4- -843 3=
/36/37384-843 .3 * 7, 9-=:.-. .3 8<38: 3/0 : D:
= 0 /A,: 43940 908
=- -/I 34- 6/0237:08-= 3E63.:.- 60/ 3= 0873I 0 /0237: 08-= -9: 08-= .3 8<38: 3/?- 908 239@-
.3 3E63.: 9:C8 ;? 8:
;- .3 4/37 -H07 -= ;0;3840 .3 =- D: 7:4- > 7, 93/4:2:
9-.0 .3 D: <389: - 38
0/: <:8-= 908 =- 9F.,=- .3 9: ,.-.-8? - 38 0/: <:8-= -.- : 8<38:3/0 0 /A,: 43940 -7:743843
70=0 60./B 73/ /36/37384-843 -,40/: G-.0 6-/- ,8- *$+ 2: /;- 6-/4: 9:6-843 8 9-70 .3 A,3 3=
/36/37384-843 =3<-= 80 73- : 8<38:3/0 9:D:
= 0 /A,: 43940 .353/B 6/37384-/73 38 90;6-H? - .3
,8 : 8<38:3/0 9:D:= 0 /A,:
43940 .3 90820/;: .-. 908 =- =3> .3 &

8 3= 9-70 .3 A,3 =- D: 7:
4- 73 /3-=:
93 60/ 3= /36/37384-843 =3<-= .3 ,8- 63/708- I,/?
.:9- 3743
.353/B -9/3.: 4-/ 7, /36/37384-9: C8 ;3.: -843 =- 6/37384-9:C8 .3 .09,;3840 3E63.: .0 60/
=- 9B;-/- .3 90;3/9: 0 6-/- 90870/9: 0 0 ,8: C8 43;60/-= .353/B 6/37384-/ 3= .09,;3840
90870/9: -= 0/:<:8-= 2040906: - .3 =- 93.,=- .3 9: ,.-.-8? - .3= /36/37384-843 =3<-= > 9,;6=:/
908 =07 /3A,: 7:
407 .3 =- D:7:
4- .3 05/-

8 =- D:
7:4- =07 607:
5=37 023/38437 .3538 :876399: 08-/ .3438: .-;3843 =07 43//3807 .08.3 73
3I39,4-/B =- 05/- 6-/- 054383/ =- : 820/;-9: C8 7,2:
9:3843 705/3 =-7 908.:
9:0837 .3 4/-5-I0
A,3 4:3838 A,3 D3/ 908 =- 3I 39,9: C8 .3 =-7 05/-7 384/3 04/-7 * 80
-9364-/B /39=-;-9: 0837 60743/:0/37 -= /3763940 >- A,3 73 38438.3/B A,3 40.07 =07
6/060838437 6-/- 3239407 .3 =- 6/37384-9: C8 .3 7, 6/06,374- 9080938 6=38-;3843 3= 7: 4:0
7,7 9-/-943/? 74:
9-7 -993707 3840/80 709: 0O3908C;: 90 908.: 9:
0837 9=: ;-40=C<:
9-7
<30=C<:9-7 > <304F98: 9-7 > A,3 @-8 438: .0 38 9,384- 3743 90809: ;: 3840 6-/- =-
3=-50/-9: C8 .3 =- 6/06,374-

- 90874-89: - .3 D:7:
4- .3 05/- 73/B 3E63.: .- 60/ 3= 2,89: 08-/:
0 .37: <8-.0 60/
* .3 -9,3/.0 908 3= 83E0 L8:9-;3843 - A,:3837 9,;6=-8 908 =0
3E:
<:.0 38 3= 6=:3<0 .3 908.: 9:0837 74- 90874-89: - 908 =07 /3A,:
7:407 3E:
<:.07 73/B .3
9-/B943/ 05=:
<-40/:
0 > .353 73/ 6/37384-.- .384/0 .3 =- 6/06,374-

: ; < * )
9

El número mínimo de participantes hábiles que se exige para no declarar desierta esta Licitación Publica es de uno (1). Se
entiende por participante hábil, aquel que cumpla con la totalidad de los requisitos exigidos en el presente pliego de
condiciones.

8 = * * ) * * )

Los proponentes no podrán encontrarse incursos dentro de ninguna de las causales de inhabilidad o incompatibilidad para
contratar a que se refieren la Constitución Política, el artículo 8º de la Ley 80 de 1993, el artículo 18 de la ley 1150 de 2007, la
ley 1148 de 2007 y demás normas concordantes y reglamentarias. El Proponente declarará en la Carta de Presentación de la
propuesta bajo la gravedad de juramento que no se encuentra incurso dentro de ninguna de las causales anteriormente
citadas.

7 . +* )

07 7:
4:
07 .08.3 73 D-8 - 3I
39,4-/ =-7 05/-7 90//37608.:
38437 -= 6/0>3940 05I
340 .3 =-
6/373843 =:
9:4-9:
C8 708)

J
*
% * +K

+ * ) )

* 32394,-/B =- D3/:
2:
9-9: C8 4F98:9- 2:
8-89:3/- > I,/?
.:9- .3 =-7
6/06,374-7' > 60./B 70=:
9:4-/ - =07 6/060838437 =-7 -9=-/-9:
0837 - A,3 @->- =,<-/ 0 =-
6/37384-9:
C8 .3 =07 .09,;38407 A,3 908.,G9-8 - 3==0 90820/;3 - =0 3E:
<:.0 38 3= 6=:
3<0 .3
908.:9:0837

= 6/06083843 .353/B .-/ /376,374- - =-7 70=:


9:4,.37 .3 -9=-/-9: C8 - =- 6/06,374- .384/0 .3=
4F/;: 80 2:
I
-.0 60/ * 70 638- .3 73/ /39@-G-.0 > 38 3I 3/9:9:0 .3 374-
2-9,=4-. =07 023/38437 80 60./B8 ;0.:
2:9-/ 0 ;3I 0/-/ 7,7 6/06,374-7

7 /376087-5:
=:
.-. 3E9=,7: D- .3= 023/3843 D3/: 2:9-/ =- 3D-=,-9:C8 38 =- 6B<:8- R 35
.374:8-.- 6-/- 3==0 *PPP 9084/-407 <0D90+ 0 38 * > -438.3/ =07
/3A,3/:;:
38407 .3 =- ;:7;- 38 3= 6=-G0 374-5=39:
.0 60/ =- 384:
.-.

- * * * ) > ) ) * *
* + , + )* ) ) * ** * )

3/B /376087-5:=:
.-. .3= 6/06083843 908093/ 40.-7 > 9-.- ,8- .3 =-7 :
;6=:
9-9:0837 A,3
908==3D- =- 6/37384-9: C8 .3 7, 023/4- > 6-/- 4-= 323940 .353/B /3-=: G-/ 40.-7 =-7
3D-=,-9: 0837 A,3 73-8 83937-/: -7 6-/- 7, 6/37384-9:
C8 705/3 =- 5-73 .3 ,8 3E-;38
9,:.-.070 .3 =-7 9-/-943/?
74:
9-7 .3= 83<09:
0

0/ =- 70=- 6/37384-9:
C8 .3 =- 6/06,374- 73 9087:
.3/- A,3 3= 6/06083843 @- /3-=:G-.0 3=
3E-;38 90;6=340 .3 40.07 =07 -7639407 A,3 : 89:
.38 > .343/;:8-8 =- 6/37384-9:
C8 .3 =-
;:7;-
10

- 3E-94: 4,. 9082:-5:=:


.-. 0 :843</:.-. .3 =- : 820/;-9: C8 A,3 438<- - 5: 38 9087,=4-/ 3=
6/06083843 73 389,384/- 5-I 0 7, 6/06:- /376087-5: =:
.-. 3 : <,-=;3843 =- :843/6/34-9:C8
A,3 @-<- .3 =- : 820/;-9: C8 A,3 05438<- - 6-/4: / .3 =-7 .39=-/-9:
0837 /3-=:
G-.-7 .,/-843
3= 4/-879,/70 .3 9,-=A,:3/ -,.:
389: - D:
7:4- 0 /3,8: C8

= /34:
/0 .3= =: 3<0 .3 08.:9:
0837 > =- 6/37384-9:C8 .3 =- /376394: D- 6/06,374-
90874:4,>38 /390809: ;:3840 > -9364-9:C8 60/ 6-/43 .3= 6/06083843 .3 40.-7 =-7
3E:<389: -7 A,3 @- 374-5=39:
.0 6-/- 3= 6/373843 6/09370 .3 73=399:
C8

0.-7 =-7 -94,-9: 0837 .3= 6/373843 6/09370 73 @-/B8 .3 ;-83/- 379/: 4- .35: .-;3843
7,79/:
4-7 60/ 3= 90;6343843 9084/-94,-= 60/ =0 4-840 80 73/B8 DB=:
.-7 =-7 ;-8: 2374-9:0837
D3/5-=37 60/ 6-/43 .3 -7370/37 2,89:
08-/:07 A,3 :843/D:
3838 38 3= .37-//0==0 .3 =-7 34-6-7
.3= 6/09370 .3 73=399: C8 7?;: 7;0 9,-=A,:3/ .39=-/-9:C8 A,3 80 374F -D-=-.- 60/ 3=
0/.38-.0/ .3= <-740 9-/393 .3 D-=: .3G > 60/ =0 4-840 3E: ;3 .3 /376087-5: =:
.-. -=

3 /390;: 38.- -= 6/06083843 A,3 05438<- -7370/? -:8.3638.: 3843 38 ;-43/:- 2:


8-89: 3/-
=3<-= 2: 79-= 4/:
5,4-/:- 4F98: 9- 3908C;: 9- > .3 9,-=A,: 3/ 04/- 8-4,/-=3G- A,3 9087: .3/3
83937-/: - 6-/- =- 6/37384-9:C8 .3 ,8- 6/06,374- = 6/06083843 .353/B : 820/;-/73 705/3 =07
/3A,: 7:
407 =3<-=37 -6=:9-5=37 38 =- I
,/:
7.:
99:C8 .3= 6/373843 6/09370 .3 73=399:C8 37 .39: / =-
=3<:7=-9:C8 D:<3843 38 =- 36L5=: 9- .3 0=0;5: - > .3= 9084/-40 A,3 73 93=35/-/B 90;0
908739,389: - .3 =- ;:7;-

- 9: /9,874-89: - .3 A,3 3= 6/06083843 80 @->- 05438: .0 40.- =- :


820/;-9: C8 A,3 6,3.-
:82=,:
/ 38 =- .343/;: 8-9:C8 .3 7, 023/4- 80 =0 3E: ;:/B .3 =- 05=: <-9:C8 .3 -7,;: / =-7
/376087-5: =:
.-.37 A,3 =3 90//37608.-8 8:=3 .-/B .3/39@0 - /39=-;-9: 0837 /33;50=707
-I,7437 .3 8: 8<,8- 8-4,/-=3G- 0 /390809:;: 38407 -.:
9: 08-=37 60/ 6-/43 .3= 9084/-4-843
38 3= 9-70 .3 A,3 9,-=A,: 3/- .3 .:9@-7 0;:7:
0837 .3/:
D38 38 60743/: 0/37 705/3907407 6-/-
3= 9084/-4:74-

0;0 908739,389: - .3 =0 -843/:0/ 3= 6/06083843 -= 3=-50/-/ 7, 6/06,374- .353/B 4383/


38 9,384- A,3 3= 9B=9,=0 .3 =07 907407 > <-7407 9,-=37 A,: 3/- A,3 3==07 73-8 73 .353/B8
5-7-/ 374/:
94-;3843 38 7,7 6/06: 07 374,.:07 3908C;: 907 > 38 7, 6/06: -7 374:
;-9:0837
438:
38.0 38 9,384- 40.-7 =-7 9-/<-7 4/:5,4-/:-7 .3 =- A,3 73- 7,I340 6-7:D0

0* * ) )

07 6/060838437 80 60./B8 70=:


9:4-/ - % 3= /34:
/0 .3 7,7 6/06,374-7

3 ) + ) * ) )

8- D3G 73 6/0.,G9- 3= : 820/;3 .3 /37,=4-.0 .3 3D-=,-9: C8 .3 =-7 6/06,374-7 3= 9,-=


908438./B =- :820/;-9:C8 /3=-4:D- - =-7 ;:7;-7 % 608./B .: 9@0
:
820/;3 - .:7607:9:
C8 .3 =07 6/060838437 60/ 3= 4F/;:
80 :
;6/0//0<-5=3 .3 90820/;:.-. 908
11

=0 374-5=39:
.0 38 3= 8,;3/-= $ M .3= 6/373843 6=:
3<0 .3 908.:
9:0837 6-/- A,3 6/3738438 =-7
0573/D-9: 0837 A,3 9087:
.3/38 63/4:838437

3 -9,3/.0 - =0 374-5=39: .0 38 =- =3> $$M .3 38 3743 6/09370 .3 73=399:


C8 6/:;-/B =0
7,74-89:-= 705/3 =0 20/;-='38 908739,389: - % 80 /39@-G-/B ,8-
6/06,374- 60/ =- -,7389: - .3 /3A,: 7:
407 0 =- 2-=4- .3 .09,;38407 A,3 D3/: 2:
A,38 =-7
908.: 9:
0837 .3= 6/06083843 0 7060/438 3= 908438: .0 .3 =- 023/4- > A,3 80 90874: 4,>-8
2-940/37 .3 3790<389: - 374-5=39:.07 38 3= 6=:
3<0 .3 908.: 9:0837

0/ =0 -843/:
0/ 3= 6/06083843 .353/B /3;: 4:
/ - % =07 .09,;38407
/3A,3/:.07 > .-/B /376,374- - =-7 70=:
9:4,.37 .3 -9=-/-9:C8 - =- 6/06,374- @-74- 3= .?
- @B5:
=
374-5=39:.0 60/ =- .;: 8:
74/-9:
C8 8 3I 3/9:9:0 .3 374- 2-9,=4-. =07 023/38437 80 60./B8
;0.: 2:
9-/ >S0 ;3I0/-/ 7,7 6/06,374-7

,-8.0 3= 6=-G0 :
8:9:-=;3843 2:
I-.0 6-/- =- D3/:
2:
9-9:
C8 > 3D-=,-9:C8 .3 =-7 6/06,374-7 80
63/;: 4- <-/-84:
G-/ ,8- 73=399:C8 05I34:
D- F743 60./B 6/0//0<-/=0 @-74- 60/ =- ;:4-. .3=
4F/;:80 :8:
9:-=;3843 73H-=-.0

- )

- 6/06,374- 73 90820/;-/B 60/ ,8 70=0 705/3 A,3 73 6/37384-/B 93//-.0 38 0/:


<:8-= > .07
906:-7 07 .09,;38407 A,3 .353 9084383/ =- 6/06,374- 73 374-5=3938 38 3= 8,;3/-= M
.3 3743 6=:3<0 .3 908.: 9:0837 = 6/06083843 6/37384-/B 0/: <:8-= > 906:-7 :8.:9-8.0
38 9-.- 705/3 7:37 0/: <:8-= 0 906:- 07 .09,;38407 A,3 90820/;-8 3= 0/: <:8-= > =-7
906:-7 73 6/37384-/B8 =3<-I -.07 20=:
-.07 379/: 407 38 :
.:0;- 376-H0= 0 908 4/-.,99: C8
02:
9:-= 38 9-70 .3 A,3 6/0D38<-8 .3= 3E43/:0/
12

0.07 =07 .09,;38407 3E:<:


.07 73 : 89=,:
/B8 38 3= 0/:<:8-= > 38 =-7 906:-7 .3 =- 6/06,374-
8 9-70 .3 .:79/36-89:
- 384/3 =-7 906:-7 > 3= 0/:
<:8-= 6/:
;-/B 3= 0/:<:8-=

3/B8 .3 9-/<0 .3= 6/06083843 40.07 =07 907407 -709:


-.07 - =- 6/36-/-9: C8 >
6/37384-9:
C8 .3 7, 6/06,374- 38 8:8<L8 9-70 73/B /376087-5=3 .3 =07
;:7;07

El proponente deberá elaborar la propuesta por su cuenta y riesgo, de acuerdo con lo solicitado en el pliego de condiciones y
su(s) Adenda (s), si lo (s) hubiere,

2.1 IDENTIFICACIÓN Y ENTREGA DE LA PROPUESTA

Cada sobre debe ser diligenciado de la siguiente manera:

770? -778
* +*
* * * / 1
* +

- 6/37384-9: C8 .3 =- 6/06,374- 73/B 3D: .389:- .3 A,3 3= 6/06083843 @- 3E-;: 8-.0


90;6=34-;3843 =07 .3 908.: 9:
0837 A,3 908093 =- G08- .08.3 73 .37-//0==-/-8
=-7 05/-7 A,3 @- 05438: .0 =-7 -9=-/-9:0837 7-4:
72-940/:
-7 > -9364- A,3 40.07 =07
.09,;38407 374B8 90;6=3407 > A,3 4,D0 38 9,384- =-7 908.: 9:0837 <30</B2: 9-7
9=:
;B4: 9-7 .3 73<,/:.-. .3 ;3/9-.0 > 04/-7 A,3 6,3.-8 : 82=,:
/ 0 -2394-/ =- 3I
39,9:C8
.3 =-7 05/-7 7, 90740 0 7, .,/-9:C8 438:38.0 38 9,384- 40.-7 =-7 9-/<-7 4/:
5,4-/:-7 .3 =-
A,3 73- 7,I340 6-7:D0

-- * .* )

- 384/3<- .3 =- 6/06,374- 90874:


4,>3 ,8 90;6/0;:70 .3= 908 3=
% 60/ =0 4-840 =- 6/06,374- .353/B 63/;-8393/ D:
<3843 60/ ,8 63/?
0.0 .3 *# +
.?-7

* 60./B 70=:
9:4-/ 7: 3==0 2,3/3 83937-/:
0 =- -;6=:
-9:
C8 .3 =-
D:
<389:
- .3 =- 6/06,374-

,/-843 3743 63/:


0.0 3= % > A,:
38 @,5:373 05438:.0 3= 73<,8.0 =,<-/ 38 3=
0/.38 .3 3=3<:5:=:
.-. 80 60./B /34:
/-/ 7, 6/06,374- 8:;0.: 2:
9-/ =-7 908.:9:
0837 .3 =-
;:7;-

-0 ) ) )

En ningún caso los proponentes podrán ofertar parcialmente alguna de las obras que conforman el proyecto de la presente
Licitación Publica so pena de ser rechazado.

-3 * *
13

-/- 3= 9-70 .3 =07 3E4/-8I 3/07 73 -6=:9-/B 3= 6/: 89: 6:


0 .3 /39: 6/09:.-. 38 =07 4F/;: 807
9087-</-.07 38 =- =3> .3 $##& > .3;B7 .39/3407 /3<=-;384-/: 07 > .3 :<,-= ;-83/- 38 3=
9-70 .3 709: 3.-. 3E4/-8I 3/-7 3740 37 A,3 80 @->-8 7: .0 90874:4,:.-7 .3 -9,3/.0 908 =-
=3<:7=-9:C8 8-9: 08-= =07 6/060838437 .3 0/: <38 3E4/-8I3/0 /39:
5:/B8 :<,-= 4/-4-;:3840 A,3 =07
.3 0/: <38 8-9: 08-= 7:3;6/3 A,3 3E: 74- ,8 -9,3/.0 4/-4-.0 0 908D38: 0 384/3 3= 6-?7 .3 7,
8-9: 08-=: .-. > 0=0;5: - 38 3= 7384:.0 .3 A,3 =-7 023/4-7 90=0;5: -8-7 73 =37 90893.3/B 38
373 6-? 7 3= ;:7;0 4/-4-;: 3840 040/<-.0 - 7,7 8-9: 08-=37 38 9,-840 - =-7 908.: 9:0837
/3A,: 7:
407 6/093.: ;:38407 > 9/:43/:0 6-/- =- -.I,.:9-9: C8 .3 =07 9084/-407 93=35/-.07 908 3=
73940/ 6L5=: 90

8 .323940 .3 =07 ;389: 08-.07 -9,3/.07 3= : 843/37-.0 .353/B -.I ,84-/ - =07 .09,;38407
.3 =- 6/06,374- ,8 93/4:2:
9-.0 3;: 4:
.0 60/ -,40/:
.-. 90;6343843 .3 7, 6-? 7 6-/- 3= 323940
38 3= 9,-= 908743 A,3 =07 8-9:08-=37 90=0;5: -807 <0G-8 .3 =- 060/4,8:.-. .3 6-/4: 9:
6-/ 38
=07 6/093707 .3 9084/-4-9: C8 6L5=: 9- 38 =-7 ;:7;-7 908.:9:
0837 > 908 =07 ;: 7;07 /3A,:7:
407
3E:<:.07 - =07 8-9:
08-=37 .3 7, 6-?7

= 08438:.0 ;? 8:
;0 .3 =- 93/4:2:
9-9:C8 - A,3 73 @-93 -=,7:
C8 3= 6B//-20 -843/:
0/ .353/B
:
8.:9-/ 60/ =0 ;3807 =07 7:
<,:
38437 -7639407)

-+ -?7 .3 0/:<38
5+ ,89: 08-/:0 90;6343843 Q 9: 4-9:C8 .3 =- .: 7607:
9:C8 =3<-= A,3 =0 2-9,=4- 6-/-
3E63.: / =- 93/4:2:
9-9:
C8
9+ 0874-89: - -93/9- .3= 4/-40 : <,-=:4-/:
0 - =07 6/060838437 90=0;5: -807 38
;-43/: - .3 -99370 - 9084/-4-9: 0837 374-4-=37
.+ : 7607:9:C8 =3<-= 0 80/;-4:D- A,3 73H-=3 4-= 4/-4-;:3840 :
<,-=:4-/:0
3+ 0;5/3 =3<: 5=3 9-/<0 > 2:
/;- .3= 2,89:08-/:
0 A,3 3E6: .3 =- 93/4:
2:
9-9:
C8

- 0;:7:C8 .3= -9,3/.0 0 .3= 93/4:


2:
9-.0 .3 /39:
6/09:
.-. 80 73/B 38 8:
8<L8 9-70 9-,7-= .3
/39@-G0 0 .379-=: 2:
9-9:C8 .3 =- 6/06,374- 38 =- 9,-= 6-/4: 9:638 63/708-7 I,/?
.:9-7
3E4/-8I
3/-7

-4 2 ) ) * ) ) +* ) * *
)

En este sobre el proponente deberá incluir los documentos de verificación que se relacionan a continuación de conformidad con
la ley 80/93, la Ley 1150 de 2007 y Decreto 2474 de 2008.

-4 ! ! & $#! ( @# "


! & &% $! .3 -9,3/.0 908 3= ;0.3=0 7,;: 8:74/-.0 60/
* 83E0 0 # 7,79/: 40 60/ =- 63/708- 8-4,/-= 0 3= /36/37384-843
=3<-= .3 =- 63/708- I,/?.:9- .3 =- 8: C8 3;60/-= 0 .3= 0870/9: 0 -D-=-.- 60/ : 8<38:3/0
9:D:
= 0 /A,: 43940 7:3= /36/37384-843 =3<-= 80 074384- ,80 .3 37407 4?
4,=07 -83E-8.0 906: -
.3 =- 4-/I
34- 6/0237:08-= 908 4:3;60 .3 3E63.: 9:
C8 ;->0/ - 4/37 -H07

-4- ('( ! A(
$ # (
! & $#! ( @# B!"
> !$& $ #!$ % C ( !$> #! % !" $ #
$! " (
D (# D (> "$ D (D $ %#( # $ D & !" $ #$ ( $ E%
14

#B!# !" !" (! F# ! (! # "& $ # %D # 3E63.: .0 60/ =- B;-/-


.3 0;3/9: 0 .3= =,<-/ .08.3 73 389,384/3 : 879/:40 908 239@- .3 3E63.:
9:C8 80 ;->0/ - &
.?
-7 9-=38.-/:
0 -843/:0/37 - =- 239@- .3 9:3//3 =0 7:<,:
3843)

O 8- D: <389: - .3 =- 2:
/;- 60/ 3= 4F/;: 80 .3 .,/-9: C8 .3= 9084/-40 ;B7 .07 * + -H07
O - 7,2:9:389: - .3 =- 9-6-9: .-. .3= /36/37384-843 =3<-= 6-/- =- 6/37384-9: C8 .3 =-
6/06,374- > 6-/- =- 7,79/: 69:C8 .3= 9084/-40 02/39: .0 ,-8.0 3= /36/37384-843 =3<-=
438<- =: ;:4-9:0837 374-4,4-/: -7 73 .353/B 6/37384-/ -.: 9:08-=;3843 906: - .3= -94-
38 =- A,3 908743 =- .39: 7:
C8 .3= C/<-80 709: -= 90//37608.:3843 A,3 -,40/: 93 -=
/36/37384-843 =3<-= 6-/- =- 6/37384-9: C8 .3 =- 6/06,374- =- 7,79/: 69:C8 .3= 9084/-40
> 6-/- -94,-/ 38 =07 .3;B7 -9407 /3A,3/: .07 6-/- =- 9084/-4-9: C8 38 3= 9-70 .3
/37,=4-/ -.I,.:9-4-/: 0
O ,3 3= 05I 340 709: -= >S0 -94: D:
.-. ;3/9-84: = 6/:89:6-= .3 =- 709:3.-. >S 0
374-5=39: ;: 38407 .3 90;3/9: 0 73 389,384/- .: /394-;3843 /3=-9: 08-.0 908 3= 05I340
.3= 9084/-40 .3 ;-83/- A,3 =3 63/;: 4- - =- 63/708- =- 93=35/-9: C8 > 3I39,9:C8 .3=
9084/-40 438: 38.0 38 9,384- 6-/- 37407 3239407 3= -=9-893 > =- 8-4,/-=3G- .3 =-7
.:23/38437 05=: <-9:0837 A,3 -.A,: 3/3 7-=D0 9,-8.0 73 4/-43 .3 63/708-7 8-4,/-=37
80 :879/:4-7 90;0 90;3/9: -8437 38 =- 9B;-/- .3 90;3/9: 0

04-) -7 63/708-7 8-4,/-=37 7:


8 374-5=39:;:3840 .3 90;3/9:0 .353/B -.I
,84-/ =- 2040906:
-
.3 =- F.,=- .3 9: ,.-.-8? - > =- 2040906:
- .3 =- -/I
34- /0237:
08-= E63.:.- 60/ 3= 0873I0
/0237:
08-= -9: 08-= .3 8<38: 3/?-

-40 ! F# $ $ #!$ % C ( !$ ! ( #!" $ ! % !" G! H "


(! "
!$ D (
$D !$
.353/B8 9,;6=:
/ 908 =07 7:
<,:
38437 /3A,:
7:407)

- 9/3.:4-/ 7, 3E: 74389:- > /36/37384-9: C8 =3<-= 7-=D0 A,3 .: 9@- 3E: 74389:
- >
/36/37384-9: C8 73 .3/: D38 .3 =- 0874:4,9:C8 0 =- =3> -/- 3= 323940 .353/B8
;389: 08-/73 =07 .09,;38407 > -9407 -.;: 8:
74/-4:D07 A,3 90820/;3 - =- 3> 73-8
3E63.: .07 38 9-.- 9-70 60/ =- -,40/: .-. 90;6343843 908 =-7 20/;-=: .-.37 > /3A,: 7:
407
3E:<:.07 60/ =- =3> 6-/- 7, 32:9-9:- > 0608: 5:=:
.-. -843 43/93/07 8 40.0 9-70 .353/B
;389: 08-/73 3= .09,;3840 ;3.: -843 3= 9,-= 73 .: 0 =- -,40/:
G-9:C8 6-/- =- 7,79/:
69:C8
.3= 9084/-40 : ;6-/4: .- 60/ 3= C/<-80 90;6343843 7: 8 63/I,:
9:0 .3 =0 9,-= 73/B
/376087-5: =:
.-. .3 =- 63/708- I ,/?
.:9- 90//37608.: 3843 -73<,/-/73 .3 @-53/ 9,;6=: .0
908 40.07 =07 /3A,: 7:
407 6/37,6,374-=37 > -.;: 8:74/-4:D07 83937-/:
07 6-/- 05=:
<-/73 > 6-/-
60.3/ 3I 39,4-/ -.39,-.- > 060/4,8-;3843 =-7 05=: <-9:0837 A,3 9084/-3 ;3.: -843 =-
6/37384-9: C8 .3 =- 6/06,374-

5 9/3.:
4-/ A,3 3= 3843 6L5=:
90 023/4-843 4:
383 9-6-9:
.-. =3<-= 6-/- =- 93=35/-9:
C8 >
3I
39,9:C8 .3= 9084/-40

9 9/3.:4-/ =- 7,2:
9:389:- .3 =- 9-6-9: .-. =3<-= .3= /36/37384-843 =3<-= 6-/- =-
6/37384-9:C8 .3 =- 6/06,374- > 6-/- =- 7,79/:
69:
C8 .3= 9084/-40 438:38.0 38 9,384-
6-/- 37407 3239407 3= -=9-893 > =- 8-4,/-=3G- .3 =-7 .: 23/38437 05=:
<-9:0837 A,3
-.A,:3/3

-43 &% $! & $ # ! ! D (


!# !& !
15

-7 63/708-7 8-4,/-=37 I,/?


.:9-7 8-9: 08-=37 S3E4/-8I3/-7 0870/9:07 >S0 8: 0837 3;60/-=37
.353/B8 -9/3.: 4-/ A,3 3= -60.3/-.0 73 389,384/- .35: .-;3843 2-9,=4-.0 6-/- 6/37384-/
=- 6/06,374- 6-/4: 9:6-/ > 90;6/0;343/ - 7, /36/37384-.0 38 =-7 .: 23/38437 :
874-89:
-7 .3=
6/373843 6/09370 .3 73=399: C8 7,79/:5:/ =07 .09,;38407 > .39=-/-9:0837 A,3 73 /3A,:3/-8 -7?
90;0 3= 9084/-40 02/39: .0 7,;:8:74/-/ =- :820/;-9:
C8 A,3 =3 73- 70=:9:4-.- > .3;B7 -9407
83937-/: 07 .3 -9,3/.0 908 =07 -7?90;0 6-/- /36/37384-/=-
I,.:9:
-= 0 3E4/-I
,.:9:-=;3843

= 60.3/ A,3 040/<- =-7 2-9,=4-.37 38 9-70 .3 73/ 3E63.: .0 38 3= 3E43/:


0/ .353/B 9,;6=:/
40.07 > 9-.- ,80 .3 =07 /3A,: 7:
407 =3<-=37 3E: <:.07 6-/- =- D-=:.3G > 0608: 5:
=:
.-. 38
0=0;5:- .3 .09,;38407 3E63.: .07 38 3= 3E43/:
0/ 908 3= 6/06C7:
40 A,3 6,3.-8 05/-/ 90;0
6/,35- 90820/;3 - =0 .: 76,3740 38 =07 -/4?
9,=07 M# > U .3= C.: <0 .3 /093.: ;:3840 9:
D:=>
.3;B7 80/;-7 D: <38437 "

! V ! (
%
= 60.3/ 040/<-.0 .353 374-/ 6/3D:
-;3843
-,4384:
9-.0 60/ 804-/:
0 6L5=:
90 > 73 384/3<-/- 38 0/:
<:8-=

*( I !& ! & F$ "D (


$D !& ! H#( &! ! " !$ & $ #!$ A !# !$
E% &! ( (
& # # #$ ( %#( @# D & !"
> # !" !$ !$! F &! ! $" $ ' $> "
!
& $#! ( @# "& D H# B! & $ " $ &! ( (
&!# $ " #$ ( %#(@#
D & !"

-44 D& D(
$ !# ( %& (
@# 73<L8 83E0 0 $

-46 * %D # & $#! (


@# & &% $!$ # %# !$$ BH# !# A 6 9

3 38438.3/B 60/ 6/06,374- 908I


,84- ,8- 6/06,374- 6/37384-.- 38 90870/9:
0 0 ,8:
C8
43;60/-=

8 4-= 9-70 73 438./B 90;0 6/06083843 6-/- 40.07 =07 3239407 3= </,60 90820/;-.0 60/ =-
6=,/-=:.-. .3 63/708-7 > 80 =-7 63/708-7 A,3 =0 90820/;-8 :
8.:
D:.,-=;3843 9087:.3/-.-7

0./B8 6-/4:9:
6-/ 90870/9:
07 > ,8:
0837 43;60/-=37 6-/- =0 9,-= 73 .353/B8 9,;6=:
/ =07
7:
<,:
38437 /3A,:7:
407)

• 9/3.: 4-/ =- 3E:


74389:- .3= 90870/9:
0 0 .3 =- ,8: C8 43;60/-= > 37639? 2:
9-;3843 =-
9:/9,874-89: - .3 4/-4-/73 .3 ,80 , 04/0 =0 9,-= .353/B .39=-/-/73 .3 ;-83/-
3E6/37- 38 3= -9,3/.0 .3 -709: -9:C8 90//37608.: 3843 73H-=-8.0 =-7 /3<=-7 5B7:
9-7
A,3 /3<,=-8 =-7 /3=-9: 0837 384/3 3==07 =07 4F/;:807 908.: 9:0837 > 60/9384-I 3 .3
6-/4:9:
6-9: C8 .3 =07 ;:3;5/07 .3= 90870/9: 0 > .3 =- ,8:C8 43;60/-= !$ #( # $
D & !" $ F# ! D F$ " ! ( #! "& #! % (@# ! ! %#
$%$( # B !# $

• 9/3.:
4-/ ,8 4F/;:80 ;?
8:;0 .3 .,/-9: C8 .3= 90870/9:
0 0 .3 =- ,8:
C8 43;60/-= .3
;?8:
;0 .07 * + -H07 9084-.07 - 6-/4:
/ .3 =- 43/;:
8-9:
C8 .3 =- D:
<389:
- .3= 9084/-40
16

• 9/3.:4-/ =- 3E:
74389:
- /36/37384-9: C8 =3<-= 9-6-9: .-. =3<-= > I ,/?
.:9- .3 =-7
63/708-7 8-4,/-=37 0 I,/?
.:9-7 90870/9:-.-7 0 -709: -.-7 38 ,8:C8 43;60/-= > =-
9-6-9: .-. .3 7,7 /36/37384-8437 6-/- =- 90874: 4,9:C8 .3= 90870/9: 0 0 ,8:
C8
43;60/-= -7?90;0 .3 =- 6/06,374- 6-/- =- 6/37384-9: C8 93=35/-9: C8 > 3I
39,9:
C8
.3= 9084/-40 740 6-/- 7:
<8:2:
9-/ A,3 40.07 =07 ;:
3;5/07 A,3 90820/;-8 3= 0870/9: 0
0 =- 8: C8 3;60/-= .3538 .37-//0==-/ ,8- -94: D:.-. :8.,74/:
-= 0 90;3/9: -=
.:/394-;3843 /3=-9:08-.- 908 3= 05I
340 .3= 6/09370

• 9/3.:4-/ A,3 9-.- ,8- .3 =-7 63/708-7 I ,/?


.:9-7 :
843</-8437 .3= 90870/9:
0 0 ,8: C8
43;60/-= 4:3838 ,8 4F/;:80 ;?8:;0 .3 .,/-9: C8 .3 .07 * + -H07 9084-.07 - 6-/4:
/ .3
=- 43/;:8-9:C8 .3 =- D:
<389:- .3= 9084/-40

• - .37:<8-9:
C8 .3 ,8 /36/37384-843 A,3 .353/B 374-/ 2-9,=4-.0 6-/- -94,-/ 38
80;5/3 > /36/37384-9:C8 .3= 0870/9: 0 0 8: C8 3;60/-= <,-=;3843 .353/B
.37:
<8-/ ,8 7,6=3843 A,3 =0 /33;6=-93 38 =07 9-707 .3 -,7389: - 43;60/-= 0
.32:
8:4:
D-

• 07 /3A,:7:
407 /3=-9:08-.07 908 =- 3E:74389:- /36/37384-9: C8 =3<-= > .,/-9: C8 .3 =07
90870/9:07 0 ,8: 0837 43;60/-=37 .353/B8 -9/3.: 4-/73 ;3.:-843 =- 6/37384-9: C8 .3=
.09,;3840 90870/9: -= 0 .3 90874:
4,9:C8 .3 =- ,8:C8 43;60/-= 38 3= A,3 73 9087:<838
=07 -9,3/.07 > =- :
820/;-9: C8 /3A,3/:.- A,3 .353/B 4383/ 6/37384-9: C8 63/708-= 60/
9-.- ,80 .3 =07 ;: 3;5/07 .3= 90870/9:0 0 ,8:C8 43;60/-=

• 07 /3A,:7:
407 /3=-9:
08-.07 908 =- 3E: 74389:- /36/37384-9:C8 > 9-6-9:.-. I,/?.:
9- .3
9-.- ,80 .3 =07 : 843</-8437 .3= 90870/9:0 0 ,8:
C8 43;60/-= /3763940 .3 =-7 63/708-7
I
,/?
.: 9-7 0 8-4,/-=37 A,3 73 -709: 38 38 90870/9: 0 0 38 ,8: C8 43;60/-= 6-/- =-
6/37384-9: C8 .3 =- 6/06,374- .353/B8 -9/3.: 4-/73 90820/;3 73 :8.: 9- 38 =07
8,;3/-=37 /376394: D07 .3= 6/373843 =:3<0 .3 08.: 9:0837

• -.- ,80 .3 =07 : 843</-8437 .3= 90870/9: 0 0 ,8:C8 43;60/-= .353/B 2-9,=4-/
3E6/37-;3843 -= .37: <8-.0 90;0 /36/37384-843 6-/- A,3 -94L3 38 7, 80;5/3 38
=- 6/37384-9:C8 .3 =- 6/06,374- =- 2: /;- .3= 9084/-40 > 40.-7 =-7 -94: D:
.-.37
.3/:
D-.-7 .3 =- 3I 39,9: C8 9084/-94,-= -7?90;0 4-;5: F8 .353/B 4383/ 2-9,=4-.
3E6/37- 6-/- /36/37384-/=07 I
,.:
9:-= > 3E4/-I
,.:
9:-=;3843 *D3/ -83E07 $U 0 $ 73<L8 3=
9-70+

• 8 40.07 =07 9-707 .3 6/06,374-7 6/37384-.-7 60/ .07 0 ;B7 63/708-7 8-4,/-=37 >S0
I,/?
.:9-7 38 =-7 A,3 80 73 3E6/373 .3 ;-83/- 9=-/- > 3E6=? 9:4- =- 9=-73 .3 -709: -9: C8
A,3 73 90874: 4,>3 *90870/9:
0 0 ,8:C8 43;60/-=+ 73 6/37,;: /B > 73 -7,;: /B =- :
84389: C8
.3 9089,//: / -= 6/09370 .3 73=399:C8 38 90870/9: 0 908 =07 3239407 > 908739,389: -7
A,3 .: 9@- 20/;- .3 -709: -9: C8 908==3D3 6-/- =07 6/060838437 .3 -9,3/.0 908 =0
6/3D: 740 38 3= -/4?9,=0 .3 =- =3> .3 $##& 8 9,-=A,: 3/ 9-70 73 D3/: 2:
9-/B A,3 40.07
=07 ;: 3;5/07 .3= 0870/9: 0 0 =- 8:C8 3;60/-= .37-//0==38 =- -94: D:.-. : 8.,74/:
-= 0
90;3/9: -= .:/394-;3843 /3=-9: 08-.- 908 3= 05I340 .3= 6/09370

-49 ('( ! !# # $ ( $ !" $ "! # !" C


! # !" " ! &H " (! ? =
4380/ .3= -/4?9,=0 U .3 =- 3> U$ .3 > =- /370=,9:
C8 0 M$ # .3 -= 6/06083843
> 9-.- ,80 .3 =07 ;: 3;5/07 .3= 90870/9:
0 0 ,8: C8 43;60/-= 73<L8 3= 9-70 73 =3 D3/:
2:
9-/B
17

93/4:
2:
9-.0 3E63.:.0 60/ =- 084/-=0/? - 383/-= .3 =- 36L5=:
9- .08.3 908743 A,3 80
-6-/393 /360/4-.0 38 3= 50=34?
8 .3 /376087-5=37 2:
79-=37

-4: * * ) > ) +
) ; * )

3 90820/;:
.-. 908 3= 39/340 U& .3 M -.:
9:08-.0 60/ 3= 39/340 0 $ $ .3 U 73
374-5=393 A,3 - 6-/4: / .3 $W .3 383/0 .3 U =- /380D-9:C8 .3 7, :
879/:
69:
C8 .353/B
32394,-/73 .384/0 .3 =07 4/37 6/:
;3/07 ;3737 .3 9-.- -H0 8 3= 3D3840 A,3 374- 80 73-
/3-=:G-.- 937-/B8 =07 3239407 .3 =- :
879/:
69:
C8

= 6/06083843 .353/B 6/37384-/ 908 7, 023/4- 3= 3/4: 2:


9-.0 .3 879/: 69:C8 =-7:2:
9-9: C8 >
-=:
2:
9-9: C8 38 3= 3<: 74/0 "8:90 .3 /060838437 3E63.: .0 60/ =- /376394:
D- B;-/- .3
0;3/9: 0 743 93/4:
2:
9-.0 .353 @-53/ 7: .0 3E63.: .0 908 239@- 80 ;->0/ - 4/3:
84- *& + .?
-7
9-=38.-/: 0 -843/:
0/37 - =- 239@- .3 9: 3//3 .3 374- :73 6/0//0<- 3=
9:3//3 .3 =- 73/B DB=:
.0 908 =- 239@- :
8:9:
-= .3 9:
3//3

= 6/06083843 > 40.07 =07 ;: 3;5/07 .3= 90870/9: 0 0 ,8:C8 43;60/-= A,3 D->-8 - 6/0D33/ =07
5:3837 05I 340 .3= 6/373843 6/09370 .3 73=399: C8 4/B4373 .3 63/708-7 8-4,/-=37 >S0 I ,/?
.:9-7
8-9: 08-=37 .353/B *8+ 374-/ /3<:
74/-.0 *7+ 38 =- *7+ -94:D:
.-. *37+ 37639: -=:
.-. *37+ > </,60 *7+
3E:<:.0 *7+ 8 9,;6=: ;:3840 .3 =0 .:76,3740 38 3= : 89:70 2:
8-= .3= /4?9,=0 .3= 39/340 MU .3
$## 74- :820/;-9:C8 .353 9087: <8-/73 60/ 3= 6/06083843 38 =- -/43 .3= V 0 $$
J 9/3.: 4-9:C8 .3 =- 9-6-9: .-. 3908C;: 9- > 6-4/: ;08: -= .3= 6/06083843
07 023/38437 .353/B8 374-/ /3<: 74/-.07 38 =- *7+ -94: D:
.-.*37+ 37639: -=:
.-.*37+ > </,60*7+
3E:<:.0*7+ -7?)

(
J( ! $ 0874/,940/

$& (
!"(! .:
2:
9-9:
0837 > 5/-7 .3 /5-8:
7;0

%& $ $ .:2:
9-9:0837 7389:
==-7 ;->0/37 .3 M ; > .3 -=4,/-7
;380/37 .3 $M ;47

-48 . * ) * ** )

- 6/06,374- .353/B 4383/ ,8- D:<389: - .3 80D384- *# + .? -7 9-=38.-/:


0 9084-.07 - 6-/4:
/
.3 =- 239@- .3 9:3//3 .3 =- 908D09-40/: - > .353/B 374-/ /376-=.-.- 60/ ,8- 6C=: G- .3
<-/-84?- .3 73/:
3.-. .3 =- ;: 7;- 3E63.: .- - 2-D0/ .3= % 60/ ,8-
9,-84?- 3A,:
D-=3843 -= .:
3G 60/ 9:
3840 *$ N+ .3= D-=0/ 404-= .3 =- 023/4-

-4 7 * 2 * * )

07 6/060838437 :
8.:9-/B8 7:7, 6-/4:
9:6-9:
C8 37 - 4?
4,=0 .3 90870/9:
0 0 ,8:
C8 43;60/-= .3
-9,3/.0 - =07 V 73<L8 90//37608.-
18

-4 * * * )*) ) , ** * <

,-8.0 73 4/-43 .3 63/708-7 I ,/?.:9-7 73 .353/B 6/37384-/ 3= .3 =- ;:7;- > 3= .3 7,


/36/37384-843 =3<-= 6-/- 90870/9: 07 0 ,8:
0837 43;60/-=37 .3 9-.- ,80 .3 7,7 :
843</-8437 >
3= .3 7, /376394:
D0 /36/37384-843 =3<-=

-4 - * * * ) ) , ** * )

3 .353/B -83E-/ 60/ 6-/43 .3= 36/37384-843 =3<-= .3 =- 63/708- I


,/?
.:9- > 38 9-70 .3
9-.- ,80 .3 =07 ;: 3;5/07 .3= 0870/9: 0 0 8: C8
3;60/-=

* * ) * ) ) . * * )
= =

-4 0 ? ) * ) )
-4 0 # " !$ * ' # $ ! ( #!" $ 07 023/38437 8-9: 08-=37 .353/B8 6/37384-/
.3 7,7 74-.07 :8-89: 3/07 3= -=-893 383/-= 3= 74-.0 .3 37,=4-.07 > =-7 804-7 - =07
374-.07 2:
8-89:
3/07 *7,79/:
407 60/ 36/37384-843 3<-= 084-.0/ L5=: 90+ 908 90/43 - &$
.3 .: 3;5/3 .3= -77: .35:
9: .-;3843 -6/05-.07 60/ 3= C/<-80 90;6343843

= -=-893 383/-= .353 73/ 6/37384-.0 .3 =- 7:


<,:
3843 ;-83/-)

) 0//:
38437 80 90//:
38437 > 404-=
) 0//:38437 80 90//:
38437 > 404-=
3= 38 =-7 9,384-7 A,3 =0 90820/;-8

3:
<,-= ;-83/- 73 /3A,:
3/3 73 -==3<,3)

$ - 93/4:2:
9-9: C8 - =07 74-.07 : 8-89:3/07 .35: .-;3843 7,79/: 4- 60/ 3= 36/37384-843
3<-= > 3= 084-.0/ L5=: 90 5-I 0 9,>- /376087-5: =:
.-. 73 @,5: 3738 6/36-/-.0 =07
;: 7;07 * /4 & 3> .3 $##M+
= : 94-;38 - =07 74-.07 : 8-89: 3/07 .35: .-;3843 7,79/: 40 60/ 3= 3D: 70/ :79-= C 3=
084-.0/ L5=: 90 8.3638.: 3843 A,3 =07 @,5: 3/3 3E-;: 8-.0 .3 90820/;: .-. 908 =-7
80/;-7 .3 -,.: 40/:- <383/-=;3843 -9364-.-7 7407 374-.07 * -=-893 383/-= >
74-.0 .3 37,=4-.07+ .3538 73/ 7,79/: 407 60/ .: 9@0 6/0237: 08-= -843608: 38.0 =-
3E6/37:C8 JD3/ 06:8:C8 -.I,84-K , 04/- 7:;:=-/ * /4 & 3> .3 $##M+
& 06:- .3 =- 4-/I34- 6/0237:08-= > .3 =- 93/4: 2:9-9: C8 .3 D: <389: - .3 : 879/:69:C8 > .3
-84393.38437 .: 79:6=:
8-/:
07 3E63.: .- 60/ =- %,84- 384/-= .3 084-.0/37 .3=
084-.0/ A,3 6/36-/C > 3=-50/C =07 74-.07 : 8-89: 3/07 > .3= /3D:70/ 2:
79-= C 9084-.0/
6L5=:90 : 8.3638.: 3843 A,3 =07 @,5: 3/3 -,.: 4-.0 - 93/4: 2:
9-9: C8 .353 389084/-/73
D:<3843 - =- 239@- .3 6/37384-9: C8 .3 =- 023/4-
04-7 - =07 74-.07 : 8-89: 3/07) 07 374-.07 2: 8-89: 3/07 374-/B8 -90;6-H-.07 .3 7,7
804-7 908 =-7 9,-=37 90820/;-8 ,8 40.0 : 8.: D:7:5=3 * &U 3> .3 $##M+
19

M -7 63/708-7 8-4,/-=37 I
,/?.:9-7 709:
3.-. ,8:63/708-= > 9-.- ,80 .3 =07 :843</-8437
.3 90870/9:0 >S0 ,8: 0837 43;60/-=37 .353/B8 6/37384-/ 3= /3<:
74/0 L8:
90 4/:
5,4-/:
0 Q

U * "
!! (
@# #! "!K B !J! " -779

:3= 6/06083843 4:383 239@- .3 90874:4,9:C8 60743/: 0/ -= &$ .3 : 9:


3;5/3 .3 .353/B
6/37384-/ =- :
820/;-9:C8 2:8-89:3/- 908 90/43 -= L=4: ;0 .? - .3= ;37 -843/:
0/ - -A,3= 38
A,3 73 -5/3 =- 73=399:C8 0 38 7, .323940 ;074/-/ 3= 5-=-893 .3 -63/4,/- 2: /;-.0 60/ 3=
/36/37384-843 =3<-= 9084-.0/ >S0 /3D:
70/ 2:
79-= *7:=0 @->+

-7 63/708-7 8-4,/-=37 I ,/?


.:9-7 709: 3.-.37 ,8: 63/708-=37 90870/9: 07 > ,8: 0837
43;60/-=37 .353/B8 .: =:
<389: -/ 3= 83E0 0 $$
6-/43 908
=07 D-=0/37 9087: <8-.07 38 =07 374-.07 2:
8-89: 3/07 2:
/;-.07 60/ 3= /36/37384-843 =3<-= >
9084-.0/ -/- 90870/9: 07 >S0 ,8:
0837 43;60/-=37 9-.- ,80 .3 =07 : 843</-8437 .353/B
.:=:
<389: -/ 3743 -83E0 2:
/;-.0 60/ 3= /36/37384-843 =3<-= > 9084-.0/

,-8.0 =07 3D-=,-.0/37 38 .37-//0==0 .3 =- D3/:2:


9-9:C8 2:
8-89: 3/- /3A,: 3/- .09,;38407
-.:9:08-=37 .3= 6/06083843 60./B 70=: 9:
4-/ =07 A,3 9087: .3/3 83937-/: 07 6-/- 3=
379=-/39:;:3840 .3 =- :820/;-9: C8 4-=37 90;0 374-.07 2: 8-89:3/07 .3 -H07 -843/: 0/37
-83E07 37639? 2:
907 0 9,-=A,:3/ 04/0 7060/43 /3A,3/:.0 7?;: 7;0 /3A,3/: / =-7 -9=-/-9:
0837
A,3 9087:.3/3 83937-/: -7 7:
3;6/3 A,3 908 3==0 80 73 D: 0=38 =07 6/:
89: 6:
07 .3 : <,-=.-. >
4/-876-/389:- .3 =- 9084/-4-9: C8 7: 8 A,3 =-7 -9=-/-9: 0837 0 .09,;38407 A,3 3=
6/06083843 -==3<,3 - 70=: 9:
4,. .3 =- 02: 9:8- I,/?
.:9- 6,3.-8 ;0.: 2:
9-/ >S0 -.: 9:
08-/ =-
6/06,374-

- 4 0 - # " !$ * ' # $ A !# $ 07 023/38437 3E4/-8I 3/07 .353/B8 6/37384-/ 3=


-=-893 383/-= > 74-.0 .3 37,=4-.07 90//37608.: 38437 -= 90/43 .3 3I
3/9:
9:0 .3= L=4:
;0
63/:0.0 9084-5=3 .35: .-;3843 -6/05-.07 60/ 3= C/<-80 90;6343843 > .3 90820/;: .-.
908 =0 374-5=39:
.0 38 =-7 =3>37 > 80/;-7 .3= /376394:
D0 6-?7

= -=-893 383/-= .353 73/ 6/37384-.0 .3 =- 7:


<,:
3843 ;-83/-)

) 0//:
38437 80 90//:
38437 > 404-=
) 0//:38437 80 90//:
38437 > 404-=
3= 38 =-7 9,384-7 A,3 =0 90820/;-8

3 :<,-= ;-83/- 73 /3A,: 3/3 73 -==3<,3 3= .: 94-;38 - =07 74-.07 :8-89: 3/07
.35:.-;3843 7,79/:
40 60/ 3= 3D:70/ :
79-= .3= 6/06083843 C 60/ ,8- ,.:40/:
- E43/8- .3=
6-?
7 .3 0/:
<38

- 9=-7:
2:
9-9:
C8 .3 9,384-7 -7? 90;0 =- 908D3/7: C8 .3 =07 74-.07 : 8-89:3/07 - =-
;083.- 2,89: 08-= 0=0;5:-8- .3538 73/ -D-=-.-7 38 .09,;3840 : 8.3638.: 3843
.35:.-;3843 7,79/:40 60/ ,8 084-.0/ L5=:90 0=0;5: -80 > 3= 36/37384-843 3<-= C
60.3/-.0 .3= 23/3843 38 0=0;5: -

= 9084-.0/ 6L5=:
90 90=0;5: -80 A,3 -D-=- =- 9=-7:
2:
9-9:
C8 .3 9,384-7 > =- 908D3/7:
C8 .3
=07 74-.07 : 8-89:3/07 - =- ;083.- 2,89: 08-= 0=0;5: -8- .353 -==3<-/ 906: - .3 =-
20

4-/I
34- 6/0237:08-= > .3 =- 93/4:2:
9-9:C8 .3 D:<389:- .3 : 879/:
69:
C8 > .3 -84393.38437
.:79:6=:
8-/:
07 3E63.: .- 60/ =- %,84- 384/-= .3 084-.0/37 93/4: 2:
9-9:
C8 =- 9,-= .353
389084/-/73 D:<3843 - =- 239@- .3 6/37384-9:
C8 .3 =- 023/4-

,-8.0 =- 02: 9:
8- : 8-89: 3/- 38 .37-//0==0 .3 =- D3/: 2:
9-9:C8 2:8-89: 3/- /3A,: 3/-
.09,;38407 -.: 9:08-=37 .3= 6/06083843 60./B 70=: 9:4-/ =07 A,3 9087:.3/3 83937-/: 07
6-/- 3= 379=-/39: ;:3840 .3 =- : 820/;-9: C8 4-=37 90;0 374-.07 2: 8-89: 3/07 .3 90/437
-843/:0/37 -83E07 37639? 2:907 0 9,-=A,: 3/ 04/0 7060/43 /3A,3/: .0 7?;: 7;0 /3A,3/: / =-7
-9=-/-9:0837 A,3 9087: .3/3 83937-/: -7 7:
3;6/3 A,3 908 3==0 80 73 D: 0=38 =07 6/:
89: 6:
07 .3
:
<,-=.-. > 4/-876-/389: - .3 =- 9084/-4-9: C8 7:8 A,3 =-7 -9=-/-9: 0837 0 .09,;38407 A,3
3= 6/06083843 -==3<,3 - 70=: 9:4,. .3 =- 02: 9:8- D3/:2:9-.0/- 6,3.-8 ;0.: 2:
9-/ >S0
-.:9:08-/ =- 6/06,374-

8 3= 3D3840 .3 A,3 9,-=A,: 3/- .3 37407 /3A,3/:;:


38407 80 73- -6=: 9-5=3 38 3= 6-?
7 .3=
.0;: 9:=:
0 .3 =- 3;6/37- 3E4/-8I 3/- 3= 36/37384-843 3<-= .3 374- ,=4: ;- -7?90;0 3=
-60.3/-.0 38 0=0;5: - .353/B8 @-93/=0 90874-/ 5-I 0 =- </-D3.-. .3 I ,/-;3840 >
93/4:
2:9-/ - 4/-DF7 .3= 90;6343843 02:9:-= .3= 74-.0 C .3 ,8- ,.: 40/:
- E43/8- .3= 6-?7
.3= 6/06083843 A,3 3=*=07+ /3A,3/:
;:3840*7+ 32394,-.0*7+ 80 37 *708+ -6=:
9-5=3*7+

-7 63/708-7 8-4,/-=37 0 I,/?


.:9-7 3E4/-8I
3/-7 .3538 6/37384-/ 7,7 374-.07 2:
8-89:3/07 >
.3;B7 .09,;384-9: C8 0/:
<:8-.- 38 3= 6-? 7 .3 =-7 ;:
7;-7 9087,=-/:
G-.- > D:
7-.- 60/ 3=
:
8:743/:
0 .3 3=-9: 0837 E43/:0/37 .3 0=0;5: - -90;6-H-.- .3 4/-.,99: C8 02:
9:-= -=
9-743==-80 3E6/37-.07 - =- ;083.- 2,89: 08-= 90=0;5: -8- - =- 4-7- .3 9-;5: 0 .3 =-
239@- .3 9:3//3 .3 =07 ;:
7;07 :8.:9-8.0 =- 4-7- .3 908D3/7:
C8

-7 .: 7607:
9:0837 .3 37407 6=:
3<07 .3 908.: 9:0837 38 9,-840 - 6/060838437 3E4/-8I 3/07 73
/32:
3/3 /3<: /B8 7:
8 63/I,:9:0 .3 =0 6-94-.0 38 4/-4-.07 0 908D38: 07 :843/8-9:08-=37
,-8.0 3= 6/06083843 3E4/-8I 3/0 7:8 .0;: 9:
=:
0 0 7,9,/7-= 38 0=0;5: - 6/0D38<- .3 ,8
6-? 7 A,3 @-93 6-/43 .3 =- J 08D389: C8 705/3 =- -50=: 9:
C8 .3 /3A,:7:
407 .3 =3<-=:
G-9:C8
6-/- .09,;38407 6L5=: 907 3E4/-8I 3/07K 80 73 /3A,: 3/3 .3 =- 9087,=-/:
G-9:C8 - A,3 73
/32:
3/3 38 3= 6B//-20 -843/: 0/ 7: 80 A,3 73/B 7,2:9:3843 A,3 =07 .09,;38407 73 -.: 9:0838
908 3= 93/4:2:9-.0 .3 J-6074: ==-K 60/ 6-/43 .3 =- -,40/:
.-. 90;6343843 .3= 6-? 7 .08.3 73
0/:<:8- 3= .09,;3840

-7 63/708-7 8-4,/-=37 I ,/?


.:9-7 709: 3.-.37 ,8: 63/708-=37 90870/9: 07 > ,8: 0837
43;60/-=37 .353/B8 .: =:
<389: -/ 3= 83E0 0 $$
6-/43 908
=07 D-=0/37 9087: <8-.07 38 =07 374-.07 2:
8-89: 3/07 2:
/;-.07 60/ 3= /36/37384-843 =3<-= >
9084-.0/ -/- 90870/9: 07 >S0 ,8:
0837 43;60/-=37 9-.- ,80 .3 =07 : 843</-8437 .353/B
.:=:
<389: -/ 3743 -83E0 2:
/;-.0 60/ 3= /36/37384-843 =3<-= > 9084-.0/

* * ) )*

% 32394,-/B =- D3/:
2:
9-9:
C8 > -8B=:
7:7 .3 =07 74-.07 :
8-89:
3/07 .3=
63/?
0.0 70=:
9:4-.0 -7?
)

-4 3 * L
21

X 94:D0 0//:
3843 Q -7:D0 0//:3843 Y M D3937 3= D-=0/ .3= 6/37,6,3740 02:
9:-= .3 =-
:
9:4-9:
C8 ,5=:
9- 6-/- =-7 63/708-7 8-4,/-=37 I
,/?
.:9-7 > 709:
3.-.37 ,8:
63/708-=37

L -6:4-= .3 /-5-I0
L -7:
D0 0//: 3843
L 94:D0 0//:3843

) ) ) +M ) )

= 9-6:4-= .3 4/-5-I
0 73/B 3= /37,=4-.0 .3 =- 7,;-40/:
- .3= .3 9-.- ,80
.3 =07 :843</-8437 /374-.0 .3 =- 7,;-40/: - .3= .3 9-.- ,80 .3 =07
:
843</-8437 > F743 .353/B 73/ Z $ D3G 3= D-=0/ .3= 6/37,6,3740 02:
9:-= -7:
<8-.0

= -6:
4-= 73/B) Z $ D3G 3= D-=0/ .3= 6/37,6,3740 02:
9:-=

LN N

L 94:
D0 0//:
3843 Q -7:
D0 3843 Y $ D3G 3= D-=0/ .3= 6/37,6,3740 02:
0//: 9:-=

L 94:D0 90//:3843
L -7:
D0 90//:3843
L -6: 4-= .3 4/-5-I
0

-4 3 * *

743 :
8.:9-.0/ ;: .3 3= </-.0 .3 2:
8-89:
-9:
C8 .3 =- 3;6/37- 908 6-7:
D07 3E43/807 > 3= 8:
D3=
.3 /:37<0 .3 =- 90;6-H? -

8.3,.-;:
3840 04-= X V$ [ -= N

) )> * ) +) * * ) ) )

= 38.3,.-;:
3840 73/B .3 [ -= N

) ) +M ) )

= 38.3,.-;: 3840 73/B =- 7,;-40/:


- .3= .3 9-.- ,80 .3 =07 :843</-8437
.:D:.:
.0 384/3 =- 7,;-40/:- .3= .3 9-.- ,80 .3 =07 :
843</-8437 3= 9,-=
.353/B 73/ [ -= N

8.3,.-;:
3840 04-= X \
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOV $ [ -= N
\

-4 3-
22

- 9-6-9: .-. 6-4/:


;08:
-= /3A,3/:
.- 6-/- =- 023/4- 73 9-=9,=-/B 438:
38.0 38 9,384- =-
7:
<,:3843 20/;,=-)

) ) )> O* ) +) * * ) ) )

X] E M^

08.3)

X -6-9:
.-. 6-4/:
;08:
-= /3A,3/:
.-
X -=0/ 404-= .3= 6/37,6,3740 .3 =- =:
9:4-9:
C8

3 7, -=-893)

X Q

- 2:
/;- .353 -9/3.:
4-/ ,8 Z- * -6-9:
.-. -4/:
;08:
-= 3A,3/:
.-+

) ) +M ) )

X] E M^

08.3)

X -6-9:
.-. 6-4/:
;08:
-= /3A,3/:
.-
X -=0/ 404-= .3= 6/37,6,3740 .3 =- :
9:4-9:
C8
L5=:
9-

3 7,7 -=-8937)

X\ Q\

= 0870/9: 0 >S0 8:C8 3;60/-= .353/B -9/3.:


4-/ ,8- 7,;-40/:
- .3 * 3
40.07 =07 :
843</-8437+ Z - * -6-9: .-. -4/:;08:-= 3A,3/:
.-+

,-8.0 =- 384: .-. 6/06083843 73- ,8 <05: 3/80 3E4/-8I 3/0 0 -=<,8- 384: .-. 374-4-=
3E4/-8I3/- .3= 0/.38 8-9: 08-= 80 /3A,3/: /B -9/3.:4-/ =- 9-6-9:.-. 6-4/: ;08: -= - A,3 73
/32:
3/3 3= 83E0 0 $$ O
7:
3;6/3 > 9,-8.0 73 -83E3 ,8- 9-/4- .3 90;6/0;: 70 :
//3D09-5=3 3
:8908.: 9:
08-= 3;: 4:
.- 60/ 3= 2,89: 08-/:
0 90;6343843 .3= 6-? 7 .3 0/:<38 38 =- 9,-= 908743
A,3 7, <05: 3/80 -7,;3 70=: .-/:-;3843 =-7 05=: <-9: 0837 3908C;: 9-7 .3/: D-.-7 .3=
9084/-40 .09,;3840 A,3 .353/B 73/ -60/4-.0 908 3= 9,;6=: ;: 3840 .3 =-7 20/;-=:.-.37
6/3D:74-7 38 =- 3> 90=0;5: -8- 6-/- =- 0608: 5:=:
.-. 38 0=0;5: - .3 .09,;38407
3E63.: .07 38 3= 3E4/-8I3/0 438: 38.0 38 9,384- =0 .: 76,3740 38 =07 -/4?
9,=07 M# > U .3=
C.:<0 .3 /093.: ;: 3840 : D:
= > .3;B7 80/;-7 D:<38437
23

-4 30 ) ) )

07 :8</3707 063/-9:
08-=37 6-/- =- 023/4- 73 .343/;:8-/-8 908 3= 5-=-893 > 374-.0 .3
/37,=4-.07 - .:
9:3;5/3 &$ .3 A,3 6-/- 374- 73=399:
C8 73/B =- 7:
<,:
3843)

P _

8 9-70 .3 90870/9: 07 -= ;3807 ,80 .3 =07 :


843</-8437 .353/B 9,;6=:
/ 908 3= M N .3=
D-=0/ .3 =07 :
8</3707 063/-9: 08-=37

-4 4 * ** )*

= 39/340 # .3 $## 374-5=393 A,3) J - 9-6-9: .-. /37:.,-= 37 =- 9-6-9:.-. /3-= .3


9084/-4-9: C8 A,3 /37,=4- .3 /374-/=3 - =- 9-6-9:
.-. ;BE: ;- .3 9084/-4-9:C8 =- 7,;-40/:
-
.3 =07 D-=0/37 .3 =07 9084/-407 A,3 438<- 38 3I39,9:
C8 3= 9084/-4:
74-K

0=0 6-/- 3239407 .3 .343/;: 8-/ =- 9-6-9:


.-. .3 9084/-4-9:
C8 73 38438.3/B
60/ 9084/-407 38 3I 39,9:C8 -A,3==07 A,3 80 @-8 9,=;: 8-.0 38 9,-840 - A,3 4:3838
90;6/0;: 707 638.:38437 60/ 3I39,4-/

0 -843/:
0/ 053.393 - A,3 ,8- 384/3<- =3<-=;3843 /39:
5:.- > -9364-.- 90874:4,>3 ,8-
9,384- 60/ 905/-/ .3= 9084/-4:
74- -,;384B8.073 3= 6-4/:;08: 0 > 60/ 9087:
<,: 3843 =-
9-6-9: .-. .3 9084/-4-9:
C8

-/- 054383/ =- 9-6-9: .-. .3 9084/-4-9:


C8 /37:
.,-= 73 40;- 90;0 5-73 =- 9-6-9:
.-.
.3 9084/-4-9:
C8 /3<:74/-.- 38 3=

- 9-6-9: .-. .3 9084/-4-9: C8 /37: .,-= .353/B 374-/ 3E6/37-.- 38 7-=-/: 07 ;? 8: ;07
;387,-=37 =3<-=37 D:
<38437 > 6-/- 3= 6/373843 6/09370 .353/B 73/ :
<,-= 0 ;->0/ -= D-=0/ 404-=
.3= 6/37,6,3740 -/- 3= 323940 73 .: =:
<389:-/B 3= 83E0 0 $$

- 9-6-9: .-. .3 9084/-4-9: C8 /37:


.,-= .3= 6/06083843 73 374-5=393/B 438:
38.0 38
9,384- =07 7:
<,:
38437 -7639407)

- 9-6-9:.-. .3 9084/-4-9: C8 /37:


.,-= 6-/- 6/060838437 :8.: D:.,-=37 73/B 438:.- 38
9,384- .3 ;-83/- :
8.:
D:.,-= > .353/B -9/3.:
4-/ 3= $ N .3= D-=0/ 6/37,6,3740 02:9:
-=

- 9-6-9: .-. .3 9084/-4-9: C8 /37:


.,-= 6-/- 90870/9: 07 >S0 ,8:0837 43;60/-=37 73/B 3=
/37,=4-.0 .3 =- 7,;-40/: - .3 =-7 9-6-9: .-.37 : 8.:D:.,-=37 .3 9084/-4-9:C8 /37:
.,-= .3
9-.- ,80 .3 =07 :843</-8437 .3= 90870/9: 0 >S0 ,8:C8 43;60/-= 38 40.0 9-70 .353/B 73/
;->0/ 0 :<,-= -= D-=0/ 404-= .3= 6/37,6,3740 .3 =- 73=399: C8 37 .39:/ -9/3.:
4-/ ;?8:
;0 3=
$ N .3= D-=0/ .3= 6/37,6,3740 02: 9:-= .3 =- 73=399:C8

-/- =07 3239407 6/3D:


7407 38 3743 8,;3/-= 3= 6/06083843 .353/B .:
=:
<389:
-/ 3= V 0 $$

6-/43 *38 9-70 .3 90870/9:


0 >S0 ,8:
0837
24

43;60/-=37 9-.- ,80 .3 =07 :843</-8437 .353/B8 .:=:


<389:-/=0+ 3= 9,-= .353/B 73/ 2:
/;-.0
60/ 3= 36/37384-843 3<-= 0 -60.3/-.0 > 9084-.0/ 6L5=: 90 ,-8.0 3= 6/06083843 73- .3
0/:
<38 3E4/-8I3/0 3743 -83E0 .353/B 73/ .: =:
<389:-.0 60/ 3= /36/37384-843 =3<-= .3=
6/06083843 38 0=0;5: - 0 -60.3/-.0 > ,8 084-.0/ 6L5=: 90 90=0;5:-80 A,: 3837
93/4:
2:
9-8 =- D3/-9:
.-. > 2:
.3=:
.-. .3 =- :820/;-9:C8 A,3 7,;:8:74/-

) ) )

-4 6 * * + ) )

= 6/06083843 .353/B .:
=:
<389:
-/ 3= -83E0 0 $& J 9/3.:
4-9:
C8 .3= ,;6=:
;:3840 .3
084/-407 843/:
0/37K

-/- 3= -8B=:
7:7 .3 9,;6=:
;:3840 .3 9084/-407 -843/:
0/37 73 438./B8 38 9,384- =07 7:
<,:
38437
-7639407)

$O -7 ;,=4-7 >S0 7-89: 0837 /360/4-.-7 38 3= /3<:74/0 .3 B;-/- .3 0;3/9: 0 :;6,374-7


.384/0 .3 =07 .07 * + -H07 -843/:
0/37 - =- 239@- .3 9: 3//3 .3= =-7
023/4-7 A,3 6/3738438 .: 9@-7 S 73 .379084-/B -= 6,84-I
3 .3= 6/39:0
05438:.0 38 =- 9-=:
2:
9-9: C8 3908C;: 9- .3 -9,3/.0 - =- 7: <,:
3843 4-5=-)

%
0 /3<:74/- ;,=4- >S0 7-89:C8 6,8407
= D-=0/ .3 =- ;,=4- M $!# ( @# 37 @-74- 3= $N .3= D-=0/ 404-= .3=
OM 6,8407
9084/-40 05I 340 .3 =- ;,=4-
= D-=0/ .3 =- ;,=4- M $!# ( @# $ $ " 7 Q I!$! "0Q>
OU 6,8407
.3= D-=0/ 404-= .3= 9084/-40 05I
340 .3 =- ;,=4-
= D-=0/ .3 =- ;,=4- M $!# ( @# $ $ "0 7 Q I!$! "4Q >
O 6,8407
.3= D-=0/ 404-= .3= 9084/-40 05I
340 .3 =- ;,=4-

O ,3 =07 023/38437 A,3 6-/4:


9:638 38 3= 6/373843 6/09370 > @->-8 93=35/-.0 9084/-407
908 * .384/0 .3 =07 .07 * + -H07 -843/:0/37 - =- 239@- .3 9:3//3 80
@->-8 438: .0 6/093707 -.;: 8:74/-4:
D07 3I 39,40/:
-.07 >S0 A,3 438<-8 3I 39,40/:
-.07
6/093707 I
,.:9:-=37 804:
2:
9-.07 - 384: .-.37 374-4-=37 60/ /39=-;-9: C8 .3 9,;6=: ;:
3840 >S0
9-=:
.-. >S0 374-5: =:
.-. >S0 6-<0 .3 7-=-/: 07 >S0 6/374-9:0837 709: -=37 >S0 9,-=A,:3/ 04/-
7:
4,-9:C8 .3/:
D-.- .3 =- 3I39,9:C8 .3 ,8 9084/-40 93=35/-.0 908 9,-=A,: 3/ 384:
.-. 374-4-=
0 $
9-70 9084/-/: $ # ! F !"&%# ! "& ( #( #" ! !" (
'( ! (@# #@D ( !>
! % !" ! $(
B%( # ! " !

%
0 /3<:74/- 6/09370 -.;: 8:74/-4:
D0 6,8407
= D-=0/ .3= 7:
8:374/0 05I
340 .3= 6/09370 -.;: 8:74/-4:
D0 37 @-74- 3=
O$ 6,8407
$N .3= D-=0/ 404-= .3= 9084/-40 05I 340 .3= 6/373843 6/09370
= D-=0/ .3= 7:
8:374/0 05I
340 .3= 6/09370 -.;: 8: D0 $ $
74/-4:
O 6,8407
" 7 Q I!$! "0Q .3= D-=0/ 404-= .3= 9084/-40 05I 340 .3=
25

6/373843 6/09370
= D-=0/ .3= 7:
8:374/0 05I
340 .3= 6/09370 -.;:
8:74/-4:
D0 37 .37.3
0 7 Q I!$! "4Q .3= D-=0/ 404-= .3= 9084/-40 05I 340 .3= O& 6,8407
6/373843 6/09370

-/- 3= 9-70 .3 0870/9: 07 > 8: 0837 3;60/-=37 73 7,;-/B 3= 6,84-I3 /360/4-.0 60/
9-.- ,80 .3 =07 :843</-8437 6/060/9: 08-= - =- 6-/4:
9:6-9:
C8 .384/0 .3= ;:7;0 > 73
9-=:
2:
9-/B .3 -9,3/.0 908 =07 6B//-207 -843/:
0/37

= *=07+ 6/06083843*7+ A,3 @->-*8+ 9,;6=: .0 =07 /3A,: 7:407 .3 D3/:


2:
9-9:C8 F98: 9-
:8-89: 3/- > %,/?
.:9- 9084:8,-/B8 @-5: =:
4-.07 .384/0 .3= 6/09370 .3 73=399:C8 .3 -9,3/.0
- =0 374-5=39: .0 38 3= 8,;3/-= & $ .3= 6/373843 6=: 3<0 .3 908.: 9:0837 9-.-
6/06,374- 73 =3 -7: <8-/- ,8 6,84-I 3 .3 ;BE: ;0 U 6,8407 .3 -9,3/.0 - =- 6/06,374-
3908C;: 9- .:9@0 D-=0/ 73 =3 .379084-/- 3= 6,84-I 3 05438: .0 .3 =- D3/:
2:
9-9:C8 .3
9084/-407 -843/: 0/37 *8,;3/-= M $ + 9,-8.0 - 3==0 @,5: 3/3 =,<-/

-4 6 ! ! D& D(
$ $ "& $ #!"& ' $( #!" ' ( /=! (
"(! # =! (
"(!1

3<L8 3= # A 6 3= 023/3843 .353 :8.:9-/ 7, 90;6/0;: 70 .3 6/37384-/ 3= 63/708-=


6/0237:08-= 6-/- =- 3I
39,9:C8 .3 =- 05/- 908 =-7 9-/-943/?
74:
9-7 70=:
9:4-.-7 38 =07 .3
908.: 9:0837 705/3 3= 63/2:
= 6/0237:
08-= A,3 73 70=:
9:4- 38 3= 8,;3/-= $ 38 9-70 .3 73/
73=399:08-.0

- 4 9 A& ( # ( ! " # A 9
= -83E0 0 .353 73/ .:=:
<389:-.0 6-/- 9-.- ,80 .3 =07 : 843</-8437 .3= 90870/9:0 0
,8: C8 43;60/-= 6-/- 374-5=393/ 7, 3E63/: 389:-: 8.:
D:.,-= :
8.:9-8.0 9,-= 73/B 3= 9084/-40
- -9/3.: 4-/ 90;0 3E63/: 389: - <383/-= .3= 6/06083843 ! & $ #! E% ! ( (I
# ! /&! ! ! (! " ! A& ( # ( ! " & & # # 1> # E%( ! ( ( #!
#% J!D # " ! A& ( # ( !( # (J( %!"
= .353/B /3=-9: 08-/ 38 =- 3E63/:
389:- 38 9084/-407 .3 90874/,99:C8
3I 39,4-.07 -7?)

A& ( # (
! B # !" "& & # #

-/- -9/3.: 4-/ =- 3E63/:


389:- <383/-= .3= 6/06083843 73 .353/B -.I ,84-/ ,8 *$+ 9084/-40
.3 05/- 9,>0 D-=0/ 73- : <,-= 0 7,63/:0/ - - 4 J $3= D-=0/ .3= 6/37,6,3740 02: 9:
-= .3 3743
6/09370' > A,3 @,5: 3738 7:.0 9084/-4-.07 3I 39,4-.07 43/;: 8-.07 > =: A,: .-.07 38 =07
L=4:
;07 4/37 *&+ -H07 -8437 .3 =- 239@- .3 9: 3//3 .3 =- 6/373843 =: 9:4-9:C8 8 9-70 .3
90870/9:0 60/ =0 ;3807 ,80 .3 =07 : 843</-8437 .353/B 9,;6=: / 908 3= /3A,:7:40 -843/:
0/

A& ( # (
! $& (
'( ! "& & # #

-/- -9/3.: 4-/ =- 3E63/:389:- 37639? 2:


9- .3= 6/06083843 .353/B -.I ,84-/ ,8 * $+ 9084/-40
.3 05/- 9,>0 D-=0/ 73- : <,-= 0 7,63/: 0/ -= D-=0/ .3= 6/37,6,3740 02:9:
-= 9,>- 3E63/: 389: -
73- 38 0874/,99: C8 >S0 ;3I0/-;: 3840 .3 ? -7 ,/5-8-7 38 6-D: ;3840 2=3E:
5=3 >S0 /?
<:.07
38 =07 L=4:
;07 4/37 * &+ -H07 -8437 .3 =- 239@- .3 9: 3//3 .3 =- 6/373843 :9:4-9:C8
26

-840 6-/- =- 3E63/:


389: - <383/-= 0 37639:
2:
9- 80 73 438./B8 38 9,384- 9084/-407
3I39,4-.07 60/ -.;:
8:74/-9:
C8 .3=3<-.-

-/- 9-=9,=-/ 3= D-=0/ .3 =07 9084/-407 38 73 40;-/B 90;0 /323/389:


- =- 239@- .3
43/;:
8-9: C8 .3 =07 ;: 7;07

= D-=0/ 3E6/37-.0 38 73 ==3D-/-8 - D-=0/ 6/373843 .3 -9,3/.0 - =- 7:


<,:
3843 4-5=-)

0 $Q

# -776 ! *( 0 -776 37: 777 77


# -779 ! *( 0 -779 300 977 77
# -77: ! * 0 -77: 36 477 77
# -778 ! "
! ' I! 386 877 77

-/- =07 4/-5-I07 /3-=:


G-.07 38 0 =- 3E63/:
389:
- .3=
73 .343/;:8-/B -7?
)

8 S 73 9-=9,=-/B ;,=4:6=:
9-8.0 3= D-=0/ .3=
9084/-40 -9/3.:
4-.0 60/ 3= 60/9384-I
3 .3 6-/4:
9:6-9:
C8 .3 =07 :
843</-8437

- 3E63/: 389:- <383/-= 3 : 8.:D:.,-= .353/B -9/3.: 4-/73 - 4/-DF7 .3 =07 .07
.09,;38407 A,3 73 70=: 9:
4-8 - 9084: 8,-9:C8 =- 2-=4- .3 ,80 .3 37407 73/B
7,57-8-5=3 @-74- =- 239@- A,3 .343/;: 83 =- -.;: 8:74/-9: C8 7:3;6/3 > 9,-8.0 =-
05/- 93/4:
2:9-.- 73- =- ;:
7;- /3=-9:08-.- 38 3= -83E0 .: 76,3740 6-/- 3= 323940)

$ ! D( #! (@# * 906: - =3<:


5=3 .35:.-;3843 2: /;-.-
60/ =07 :
843/D:8:38437 .08.3 73 /3=-9:08-8 =-7 -94:
D:.-.37 /3-=;3843 3I 39,4-.-7 >
7, D-=0/ :3= -94- 38 ;389: C8 80 /3=-9:08- =-7 -94: D:
.-.37 9-84: .-.37 > =07
D-=0/37 ,8:4-/:07 /3-=;3843 3I39,4-.07 73 .353/B -.I ,84-/ - F74- =-7 -94-7 .3
90/43 6-/9: -= .3 05/- :<,-=;3843 2:/;-.-7 .08.3 73 /3=-9: 08-8 =-7 -94:
D: .-.37
/3-=;3843 3I 39,4-.-7 > 7, D-=0/

- 7,;-40/:- .3 =-7 -94-7 .3 90/43 6-/9:


-= .353 90//37608.3/ 908 3= D-=0/ 404-= .3=
-94- .3 43/;:8-9: C8 0 '38 9-70 .3 A,3 80 90: 89:.:3/-8 73
40;-/B 90;0 D-=0/ 6-/- =- 3E63/: 389:- =- /37,=4-843 .3 =- 7,;-40/:
- .3 =-7 -94-7
6-/9:-=37

! "
(E%( ! (
@# 906: - =3<:5=3 .35:.-;3843 2: /;-.- 60/ =07 :
843/D:
8:38437
.08.3 73 /3=-9:
08-8 =-7 9-/-943/?
74:
9-7 .3= 9084/-40 > 7, D-=0/
27

0 73 -9364- 8:8<L8 04/0 .09,;3840 6-/- -9/3.:


4-/ =- 3E63/:
389:
- > 80 73 -9364-8
-,40 93/4:
2:
9-9:
0837

!$ &(
!$ "$ %D # $& $ # ! !$ #$ D &" !D # " B( " $

-4 : #$!# (
! (
$(! ! /=! (
"(! # I! (
"(!1

* )2 * ) * )

-4 8 * ) ) =-50/-.- .3 -9,3/.0 908 3= ;0.3=0 7,;: 8:


74/-.0 38 3=
6/373843 6=:
3<0 .3 908.:
9:0837 7,79/:
4- 60/ 3= /36/37384-843 =3<-= .3= 6/06083843 * 83E0
0 #+

07 D-=0/37 9087: <8-.07 38 3= 83E0 $& .3538 90//37608.3/ - =07 .3= 9,-./0 .3
9-84: .-.37 .3 =- 6/06,374- 3908C;: 9- .3= 83E0 0 $ 8 9-70 .3 6/37384-/73
.:23/389:-7 384/3 37407 .07 .09,;38407 =- -.;:8:
74/-9:C8 6-/- 40.07 =07 3239407 438./B
38 9,384- =07 D-=0/37 374-5=39:
.07 38 3= 83E0 0 $ 6/37384-.0 38 3= ;3.: 0 379/:
40

- 4 -7 ) ) /37384-.- 73<L8 3= # A 0/ 379/:


40 = 3=-50/-/
3743 -83E0 3= 6/06083843 .353/B .: =:
<389:-/ =- 404-=:.-. .3 =07 ?
43;7 0 60./B ;0.: 2:
9-/
=07 ?43;7 >S0 7, .379/: 69:C8 6/37384-/ 9-7: ==-7 38 5=-890 .3= : 43; 0 3= 6/39: 0
90//37608.: 3843 ;0.:2:
9-/ =-7 9-84:
.-.37 .3 05/- 0 7,7 ,8: .-.37 .3 ;3.: .- 70 638- .3
:89,//:/ 38 9-,7-= .3 /39@-G0 8 9-70 .3 A,3 73 6/373843 -=<,8- 2-==- 38 3= ;3.: 0
;-<8F4: 90 6/3D-=393/B =- :
820/;-9: C8 9087:
<8-.- 38 3= ;3.: 0 379/:
40

8 3= 9-70 A,3 =- .379/:


69:
C8 .3 -=<L8 ?
43; 73- :
890;6=34- 6/3D-=393 =- :
820/;-9:
C8
908438:.- 38 3= 6=:
3<0

= 6/06083843 .353/B -I ,74-/ -= 6370 =07 6/39: 07 ,8:4-/:


07 5: 38 73- 60/ 3E9370 0 60/
.323940 -7? ) 9,-8.0 =- 2/-99: C8 .39: ;-= .3= 6370 73- : <,-= 0 7,63/:0/ - M =0
-6/0E:;-/B 60/ 3E9370 -= 8L;3/0 3843/0 7:<,: 3843 .3= 6370 > 9,-8.0 =- 2/-99:C8 .39:;-=
.3= 6370 73- :823/:
0/ - M =0 -6/0E: ;-/B 60/ .323940 -= 8L;3/0 3843/0 .3= ;: 7;0 6370
8 9-70 9084/-/:0 * 32394,-/B 3= -I,743 8 40.0 9-70 =07 -I,7437 80
60./B8 7,63/-/ 3= $ N .3= 6/37,6,3740 02:9:-= 70 638- .3 73/ /39@-G-.0

- 6/06,374- 3908C;: 9- .353/B 73/ 6/37384-.- 38 705/3 736-/-.0 .35: .-;3843


:
.384: 2:
9-.0 908 3= 80;5/3 .3= 023/3843 > .3 =-7 05/-7 A,3 90;60838 3= 6/0>3940 05I
340
.3= 6/09370

-4- 5 )) * * * 73<L8 -83E0 0 M 3= 9,-= 80 .353 3E93.3/ .3=


&MN :
9@0 60./B 6/37384-/73 @-74- 908 .07 .39:
;-=37 .3 -6/0E:
;-9:
C8
28

- 4 -- *

8 3= 705/3 0 .3 =- 023/4- 73 .353/B 384/3<-/ 60/ 379/:40 ,8 .:


-</-;- .3 -8460/
9-.- ,8- .3 =-7 05/-7 A,3 @-938 6-/43 .3= 05I
340 .3 =- 6/373843 :9:
4-9:
C8 L5=:
9- .3
;380/ 9,-84?- 908 3= 2=,I
0 ;387,-= .3 :
8D3/7:
C8 60/ 9-6?4,=07

= 6=-G0 ;BE:
;0 .3 3I 39,9:C8 .353 90:89:
.:/ 908 3= 90843;6=-.0 38 3= 9,-./0 0 .3=
8,;3/-= $ $ > .3 90820/;:
.-. 908 3= 8,;3/-= $ .3= 6=:3<0 .3 908.:
9:0837

- 6/0</-;-9: C8 .3 05/- 73/B 3= .09,;3840 .3 9084/0= .3= *=07+ 6-<0*7+ 6-/9:


-=*37+
6/3D:
740*7+ 38 =- 20/;- .3 6-<0 *9,-./0 0 8,;3/-= $ $ .3= 6=:
3<0 .3 908.: 9:
0837+

- @3//-;: 384- 6-/- .:-</-;-9:C8 A,3 73 ,4: =:


93 .353/B 6/0D33/ .:
-</-;-7 A,3
;,374/38 =- 739,389:
- .3 3I
39,9:
C8 .3 =07 9-6?
4,=07

7?;:7;0 3= :
89,;6=: ;:3840 .3 =07 6=-G07 > -94:D:
.-.37 .34-==-.07 38 =- 6/0</-;-9: C8 .3
05/- -9-//3-/B =-7 7-89: 0837 60/ :
89,;6=: ;:3840 .3 90820/;: .-. 908 =0 374-5=39:.0 38 3=
6/373843 6=:3<0 .3 908.: 9:
0837 38 =0 /323/3843 - ;,=4-7 > 7-89:0837 38 9,;6=: ;:3840 .3=
-/4?9,=0 $ .3 =- =3> $$M .3 0=0 73 -9364-/B =- /36/0</-;-9: C8 7:
3;6/3 > 9,-8.0
=07 @39@07 A,3 0/: <:8-8 3= /34/-70 80 73-8 : ;6,4-5=37 -= 9084/-4:74- > 9:/9,879/:
5-8 38
7:4,-9:C8 .3 :
89,;6=: ;:3840 9084/-94,-= 6-/9:-=

- 2:
/;- -.I,.:9-4-/:- 9084-/B 908 ,8 6=-G0 .3 & .?-7 @B5:=37 - 6-/4:/ .3= .?
- 7:
<,:
3843 .3
=- /3,8:C8 .3 6/390874/,99:C8 6-/- 6/37384-/ =- 6/0</-;-9: C8 .34-==-.- *60/ ?43;7 > 908
2=,I
0 .3 208.07 73;-8-= > ;387,-= -9,;,=-.0+ > 3= 6/0</-;- .3 : 8D3/7: 0837 .3 9-.- ,8-
.3 =-7 05/-7 A,3 @-938 6-/43 .3= 6/0>3940 05I 340 .3 =- 6/373843 =:
9:4-9:C8 90;0 /3A,: 7:
40
.3= 6-<0 .3= -84: 9:60 > .353/B :89=,:/ 90;0 ;? 8:;0 =- : 820/;-9: C8 9087: <8-.- 38 3=
8,;3/-= .3= 6/373843 6=:
3<0 .3 908.: 9:
0837

- 4 -0 * *
3=-9: 08-/ =07 53832:
9:07 02/39:
.07 60/ 3= 6/06083843 .3 -9,3/.0 908 =-7 908.:
9:0837 .3
6-/4:9:6-9:C8 > .3 90820/;: .-. 908 3= -/4?
9,=0 $ .3= .39/340 .3

)* * ) ) )

0 * . * ;
En la fecha y hora indicadas, en acto público, se declarará cerrado el presente proceso de selección. Acto seguido se abrirá los
sobres y se procederá a relacionar las ofertas una por una indicando el nombre del proponente, la suscripción de la carta de
presentación y el número de folios.

En dicho acto se suscribirá un acta por parte de los funcionarios designados para ello, en conjunto con los proponentes que
hayan participado.

EL MUNICIPIO DE LEBRIJA no será responsable de la apertura de una propuesta, en el caso de no ser correctamente dirigida,
marcada, entregada o foliada.
29

90/.3 908 =0 374-5=39: .0 38 3= 8,;3/-= M .3= -/4?9,=0 .3= .39/340 $M& .3 $## =-
@0/- 02:9:-= /323/:
.- 6-/- 3= 6/373843 6/09370 73 9084/0=-/B 908 5-73 38 =- @0/- 2:
I-.- 60/
=- 7,63/:
8438.389: - .3 8.,74/:
- > 0;3/9: 0 .3= : 8:
743/:
0 .3 0;3/9: 0 8.,74/:- > ,/:
7;0
J! K

-/- 3239407 .3 3743 8,;3/-= 73 9087:.3/-/B 607:5=3 6/06083843 A,:38 @->- -7:74:
.0 - =-
D:
7:4- .3 05/- > 73 389,384/3 38 9,-=A,: 3/- .3 =-7 7:<,:38437 7:4,-9:
0837) @-53/
6/37384-.0 0573/D-9: 0837 -= 6/0>3940 .3 6=:
3<0 .3 908.: 9:
0837 -9=-/-9: 0837 -= 6=:
3<0
.32:8:
4:D0 > -= /36-/40 .3 /:
37<07 .3 90820/;: .-. 908 3= 6-/B</-20 .3= -/4?9,=0 .3=
39/340 .3

0- *

8 -,.:389:- 6L5=:
9- .3 -.I ,.:9-9: C8 0 .39=-/-40/:
- .37:3/4- .3= 6/373843 6/09370 .3
9084/-4-9:
C8 38 =- 239@- > @0/- 6/0</-;-.-7 73 /3-=:G-/B8 =-7 7:
<,:
38437 -94:
D:.-.37)

• 3 /370=D3/B8 =-7 0573/D-9:


0837 20/;,=-.-7 60/ =07 023/38437 -= :
820/;3 .3 3D-=,-9:
C8

• 3 .-/B =394,/- 2:
8-= .3 =-7 023/4-7 A,3 9,;6=-8 908 =- 3D-=,-9:
C8 I
,/?
.:9- 2:
8-89:
3/- >
4F98:9- 05438: .-7 @-74- 3= ;0;3840

• * 6/093.3/B - -5/:
/ =07 705/37 73<L8 3= 8,;3/-= & $

• 3 040/<-/B 608.3/-9:C8 60/ 3= 6/39:0 > 73 @-/B8 =07 .379,38407 - =07 A,3 @->- =,<-/
.3 90820/;:.-. 908 3= 9,;6=:;: 3840 .3 9084/-407 -843/:0/37

• 3 @-/B =- /390;38.-9: C8 -= 0/.38-.0/ .3= <-740 60/ 6-/43 .3 =07 90;:


4F7 .3
.I,.:
9-/ 0 39=-/-/ .37:
3/40 3= 6/373843 6/09370 .3 73=399:
C8

0- )*

08 3= *=07+ 6/06083843*7+ A,3 @->-*8+ A,3.-.0 @-5: =:


4-.07 4F98:9- 2:
8-89:3/- >
I
,/?.:9-;3843 * 6/093.3/B - D3/:
2:
9-/ A,3 3= 6/39:
0 .3 9-.-
023/4- 9,;6=- 908 =07 /3A,: 7:
407 .3 9-=: .-. 9-84:
.-. > 6/39: 0 .3 -9,3/.0 908 =07
6-/B;34/07 A,3 - 9084:
8,-9: C8 73 .34-==-8

• ,3 3= 90740 .:
/3940 6/06,3740 80 73- : 0/ -= 84Q > 8:7,63/:
823/: 0/ -= 77Q .3= 90740
.:/3940 .3= /37,6,3740 2: 9:-= .3 =- 73=399: C8 8 9-70 A,3 80 73 9,;6=- 908
374- 908.: 9:
C8 =- 6/06,374- 73/B /39@-G-.-

• 07 D-=0/37 9087: <8-.07 38 3= 83E0 * + .3538 90//37608.3/ - =07


9087:<8-.07 38 3= 9,-./0 .3 9-84: .-.37 .3 =- 6/06,374- 3908C;: 9- .3= 83E0
0 $ 38 3= 9-70 .3 6/37384-/ .: 23/389:-7 38 7,7 D-=0/37 6-/- 40.07 =07 3239407 73
438./B 38 9,384- =- : 820/;-9: C8 9087: <8-.- 38 3= -83E0 0 379/:
40 > 3=
;,8: 9:6:
0 6/093.3/B - /3-=:G-/ =07 -I
,7437
30

• ,3 3= 80 3E93.- .3= &MN

00 )> * )+

-7 6/06,374-7 73/B8 3D-=,-.-7 ;3.: -843 3= 374,.:0 3908C;: 90 90;6-/-4:D0 .3 =-7


023/4-7 7 .3 9-/B943/ 05=:
<-40/:
0 > .3 374/:
940 9,;6=:
;:3840 3= .:
=:
<389:-;:3840 60/ 6-/43
.3= .3= -83E0 -84: .-.37 .3 5/- .3= 6=:3<0 .3 908.: 9:
0837

= 20/;-40 .3 6/39:07 .3 =- 023/4- .353/B 73/ /3;:


4:.0 60/ 379/:
40 > 38 ;3.:0 ;-<8F4: 90
;3.: -843 =- -6=:
9-9:
C8 .3 @0I - 3=394/C8:
9- *6/0</-;- E93= .3 : 9/07024M 7:8 93=.-7 0
2C/;,=-7 09,=4-7+

!" "! &% $! #@D ( ! / $ $ ( $1 3 9-=9,=-/B =- ;3.: - <30;F4/:9-


6-/- 3= D-=0/ .3 =07 907407 .:/39407 .3 =-7 6/06,374-7 @-5: =:
4-.-7 =-7 A,3 73/B8
9087:
.3/-.-7 DB=:
.-7 :
89=,>38.0 3= D-=0/ .3= 90740 .:
/3940 02:
9:-= 90;0 ,8- 023/4- ;B7

= D-=0/ .3 =- ;3.:
- <30;F4/:
9- 73 9-=9,=-/B -7?
)

:X *V$ _V _V& _` ` V8+ a *$S8+

* * X 3.: - <30;F4/: 9- .3 D-=0/ .3 90740 .: /3940 .3 6/06,374-7 @B5: =37


,# X -=0/ .3 =07 907407 .:
/39407 .3 =-7 6/06,374-7 @B5:
=37 :
89=,>38.0 3= 90740
.:/3940 02:
9:-=
# X L;3/0 .3 6/06,374-7 DB=: .-7 :
89=,>38.0 3= 90740 .:/3940 02:
9:-=

32:8:
.- =- ;3.: - <30;F4/:9- .3= 90740 .:/3940 =-7 023/4-7 A,3 73 389,384/38 38 3= /-8<0
.3 # N > $ $N 73/B8 =-7 @-5: =:
4-.-7 6-/- =- 608.3/-9: C8 .3 6/39:07 8 3= 9-70 A,3
8:
8<,8- 6/06,374- 73 389,384/3 38 3743 /-8<0 73 -;6=: -/B 38 ,8 6,840 *@-9:- -//:5- >
@-9:- -5-I 0+ 3= 60/9384-I3 .3 9=-7:2:
9-9: C8 7,937:D-;3843 @-74- =0</-/ =- 9=-7:2:
9-9: C8
.3 ,80 0 ;B7 023/38437 7:
8 7,63/-/ 3= 90740 .:
/3940 02:9:-='-7?
)

!#B 8:Q 7 Q
!#B - 89Q 7-Q
!#B 0 86Q 70Q
!#B 3 84Q 73Q

-7 023/4-7 @-5:
=:
4-.-7 38 3743 /-8<0 73 =37 -7:
<8-/B 3= 6,84-I
3 .3 =- 7:
<,:
3843 20/;-)

- 9-=:
2:
9-9:C8 .3 6/39:07 73 32394,-/B L8: 9-;3843 /3763940 .3 -A,3==-7 023/4-7 A,3 73
389,384/38 @-5:=:
4-.-7 .384/0 .3= /376394:
D0 /-8<0

=- 023/4- 3=3<:
5=3 A,3 6/373843 3= ;380/ D-=0/ .384/0 .3= /-8<0 374-5=39:
.0 60/ =-
;3.: - <30;F4/: 9- 73 =3 -7: <8-/B 3= ;->0/ 6,84-I 3 37 .39:/ M 6,8407 6-/- =-
D-=0/-9:
C8 .3 =-7 .3;B7 023/4-7 73 -6=:
9-/B =- 7:
<,:
3843 2C/;,=-)
31

L ???????????????????????????????????????? R -47
S/ 1 R3

L %# ! & ( ' ! ! J!"


%!
L ' ! # !"
L !" ' ! ! J!"
%!

!" "! &% $! #@D ( ! / $ $ ( # ( $1 3 9-=9,=-/B =- ;3.: - <30;F4/:9-


6-/- 3= D-=0/ .3 =07 907407 :8.:/39407 .3 =-7 6/06,374-7 @-5: =:
4-.-7 =-7 A,3 73/B8
9087:
.3/-.-7 DB=:
.-7 :89=,>38.0 3= D-=0/ .3= 90740 .:/3940 02:
9:-= 90;0 ,8- 023/4- ;B7

= D-=0/ .3 =- ;3.:
- <30;F4/:
9- 73 9-=9,=-/B -7?
)

:X *V$ _V _V& _` ` V8+ a *$S8+

* * X 3.:- <30;F4/:9- .3 D-=0/ .3 90740 : 8.:/3940 .3 6/06,374-7 @B5: =37


,# X -=0/ .3 =07 907407 :
8.:/39407 .3 =-7 6/06,374-7 @B5: =37 :
89=,>38.0 3=
90740 :
8.: /3940 02:
9:-=
# X L;3/0 .3 6/06,374-7 DB=:.-7 :89=,>38.0 3= 90740 :
8.:
/3940 02:
9:-=

32:
8:.- =- ;3.: - <30;F4/:9- .3= 90740 : 8.:/3940 =-7 023/4-7 A,3 73 389,384/38 38 3=
/-8<0 .3 # N > $ $N 73/B8 =-7 @-5:=:
4-.-7 6-/- =- 608.3/-9: C8 .3 6/39:07 8 3= 9-70 A,3
8:8<,8- 6/06,374- 73 389,384/3 38 3743 /-8<0 73 -;6=: -/B 38 ,8 6,840 *@-9: - -//:
5- >
@-9: - -5-I0+ 3= 60/9384-I3 .3 9=-7:2:
9-9: C8 7,937:D-;3843 @-74- =0</-/ =- 9=-7:2:
9-9:C8
.3 ,80 0 ;B7 023/38437 7:
8 7,63/-/ 3= 90740 :
8.:/3940 02:
9:-='-7?
)

!#B 8:Q 7 Q
!#B - 89Q 7-Q
!#B 0 86Q 70Q
!#B 3 84Q 73Q

-7 023/4-7 @-5:
=:
4-.-7 38 3743 /-8<0 73 =37 -7:
<8-/B 3= 6,84-I
3 .3 =- 7:
<,:
3843 20/;-)

- 9-=:
2:
9-9:C8 .3 6/39:07 73 32394,-/B L8: 9-;3843 /3763940 .3 -A,3==-7 023/4-7 A,3 73
389,384/38 @-5:=:
4-.-7 .384/0 .3= /376394:
D0 /-8<0

=- 023/4- 3=3<:
5=3 A,3 6/373843 3= ;380/ D-=0/ .384/0 .3= /-8<0 374-5=39:
.0 60/ =-
;3.: - <30;F4/: 9- 73 =3 -7: <8-/B 3= ;->0/ 6,84-I 3 37 .39:/ M 6,8407 6-/- =-
D-=0/-9:
C8 .3 =-7 .3;B7 023/4-7 73 -6=:
9-/B =- 7:
<,:
3843 2C/;,=-)

L ?????????????????????????????????????? R -47
S/ 1 R3

L %# ! & ( ' ! ! J!"


%!
32

L ' ! # !"
L !" ' ! ! J!"
%!

= 6,84-I
3 ;BE:;0 A,3 37 607:5=3 054383/ 38 =- 9-=:
2:
9-9:C8 .3 6/39:
0 37 .3 M 6,8407
0/ :89,;6=:
;:3840 .3 9084/-407 -843/:
0/37 73 =3 .379084-/B .3 -9,3/.0 - =-7 7:
<,:
38437
4-5=-7)

$O -7 ;,=4-7 >S0 7-89: 0837 /360/4-.-7 38 3= /3<: 74/0 .3 B;-/- .3 0;3/9: 0 :;6,374-7
.384/0 .3 =07 .07 * + -H07 -843/:
0/37 - =- 239@- .3 9: 3//3 .3 =- =:
9:4-9:
C8 =-7 023/4-7 A,3
6/3738438 .:9@-7 S 73 .379084-/B -= 6,84-I 3 .3= 6/39:0 05438: .0 38
=- 9-=:
2:
9-9:C8 3908C;: 9- .3 -9,3/.0 - =- 7: <,:
3843 4-5=-)

%
0 /3<:74/- ;,=4- >S0 7-89:C8 6,8407
= D-=0/ .3 =- ;,=4- M $!# ( @# 37 @-74- 3= $N .3= D-=0/ 404-= .3=
OM 6,8407
9084/-40 05I 340 .3 =- ;,=4-
= D-=0/ .3 =- ;,=4- M $!# ( @# $ $ " 7 Q I!$! "0Q>
OU 6,8407
.3= D-=0/ 404-= .3= 9084/-40 05I
340 .3 =- ;,=4-
= D-=0/ .3 =- ;,=4- M $!# ( @# $ $ "0 7 Q I!$! "4Q >
O 6,8407
.3= D-=0/ 404-= .3= 9084/-40 05I
340 .3 =- ;,=4-

* * / 77 &%# $1
3 438./B8 38 9,384- 6-/- 374- 3D-=,-9: C8 =- 9-=: .-. .3 =07 5:3837 - 023/4-/ .3
90820/;: .-. 908 =-7 37639:2:
9-9: 0837 4F98:
9-7 > =07 6=:
3<07 .3 908.:
9:0837 6-/- =0 9,-=
3= 90;:4F 3D-=,-.0/ -8-=:
G-/- =-7 908.:9:0837 > -7:
<8-/B 3= 6,84-I
3

3 9087: .3/- 3;6-43 9,-8.0 .07 0 ;B7 023/38437 05438<-8 3= ;: 7;0 6,84-I3 40;-8.0 3=
8L;3/0 3843/0 > .07 .39: ;-=37 38 3743 9-70 73 6/093.3/B .3 =- 7: <,:3843 ;-83/-) 07
023/38437 7-9-/B8 ,8- 5-=04- 8,;3/-.- > F743 73/B 7, 8L;3/0 .3 : .384:2:
9-9:C8 38 3=
6/093.: ;:3840 .3 .373;6-43 940 73<,:.0 73 :
8</37-8 8,3D-;3843 =-7 5-=04-7 38 =- 50=7-
> =07 023/38437 38 0/.38 -7938.3843 - 7, 8L;3/0 -7:<8-.0 3E4/-3/B8 ,8- 5-=04- 9-.- ,80
=- 9,-= 73 9087: .3/-/B 90;0 3=:
;:8-.- @-74- 054383/ ,8- 70=- 5-=04- .384/0 .3 =- 50=7-
A,3 73/B =- 73=399:08-.-

,: 38 @->- 7:.0 3=3<:


.0 .384/0 .3= 6/: ;3/ 0/.38 9084: 8,-/B 908 =- D3/:
2:
9-9:
C8 60/ 6-/43
.3= 90;:4F 4F98:90 .3 =- 6/06,374- - =- 9,-= 73 /3D:
7-/B)

O 3/B8 /3D:
7-.-7 =-7 063/-9:0837 -/:
4;F4:
9-7 - A,3 @->- =,<-/ 38 3= 83E0 0 $
38 6-/4:
9,=-/ =-7 7:
<,:
38437)

O ,3 40.07 =07 ?
43;7 90//37608.-8 38 7, .379/:
69:
C8 - =07 374-5=39:
.07 38 3= -83E0
0$
33

O - ;,=4:
6=:
9-9:
C8 .3 =-7 90=,;8-7 J -84:
.-.K 60/ J /39:
0 8:
4-/:
0K .3= 83E0 0
$

O -7 7,;-7 90//37608.:
38437 - =- 90=,;8- J -=0/ -/9:
-=K .3= 83E0 0 $

O = -I ,743 -= 6370 >- 73- 60/ 3E9370 0 60/ .323940 .3 =07 6/39: 07 ,8:4-/:
07
6/06,37407 -7? ) 9,-8.0 =- 2/-99: C8 .39: ;-= .3= 6370 73- : <,-= 0 7,63/: 0/ -
9:89,384- 73 -6/0E: ;-/B 60/ 3E9370 -= 8L;3/0 3843/0 7: <,:3843 .3= 6370 > 9,-8.0
=- 2/-99: C8 .39:;-= .3= 6370 73- :
823/:
0/ - 9:89,384- 73 -6/0E:;-/B 60/ .323940 -=
8L;3/0 3843/0 .3= ;: 7;0 6370 8 8: 8<L8 9-70 =- 023/4- 90//3<:.- 60./B 3E93.3/
.3= 6/37,6,3740 02:9:-=

• ,3 3= D-=0/ 404-= 90//3<:


.0 .3 =- 6/06,374- 80 3E93.- 3= D-=0/ .3= 6/37,6,3740
02:9:
-= 6-/- 9-.- ,80 .3 =07 3=3;38407 .3 =- =:9:
4-9:C8 374-5=39:.0 38 3= 6/373843
6=:
3<0 .3 908.: 9:0837'.3 =0 9084/-/:
0 =- 6/06,374- 73 9087:.3/-/B ! (
37 .39:/ 80 73 438./B 38 9,384- 6-/- =- -.I
,.:9-9:C8 .3= 9084/-40

• = D-=0/ 404-= 90//3<:


.0 .3 =- 6/06,374- 73 .343/;:
8-/B 908 5-73 38 =07 6/39:
07
,8: 4-/:
07 > 3= 9087:
<8-.07 38 =07 83E07 $ > M > 7, /376394:D- 90//399:C8
-/:4;F4: 9-

• ,3 73 @->- .:
=:
<389:
-.0 > 6/37384-.0 60/ 379/:
40 3= 9B=9,=0 .3= * 83E0 0 M+

8- D3G 9,;6=:
.- 374- D3/:2:9-9:
C8 .3 =- 6/06,374- 73=399:
08-.- 7:
8 @-53/ 389084/-.0
:890820/;:.-.37 - =0 -843/:
0/;3843 3E6,3740 = 90;: 4F .3 .A,:7:
9:0837 80;5/-.0 6-/-
3= 323940 6/093.3/B - /390;38.-/ -= /.38-.0/ .3= -740 =- -.I ,.: 9-9:
C8 .3 =-
73=399:C8

8 3= 3D3840 38 A,3 =- 6/06,374- 73=399: 08-.- 38 3= 6/:;3/ 0/.38 .3 3=3<: 5:=:


.-. > @->-
7:
.0 05I 340 .3 /3D:
7:C8 .3 90820/;: .-. 908 =0 6/3379/:40 38 3= 6=:
3<0 .3 908.: 9:0837 > 80
9,;6=- 908 =07 6-/B;34/07 374-5=39: .07 73 6/093.3/B - =- /3D: 7:
C8 .3 =- 023/4- A,3 @->-
09,6-.0 3= 73<,8.0 0/.38 .3 3=3<: 5:=:
.-. 38 9-70 .3 80 9,;6=: / 73 /3634:/B 3=
6/093.: ;:3840 908 =-7 023/4-7 .3 -9,3/.0 -= 0/.38 .3 3=3<:5:=:
.-. 05438: .0

03 ) )* = . * ) ) )

08 9-,7-=37 .3 /39@-G0 .3 =- 6/06,374- =-7 7:


<,:
38437)

!1 ,-8.0 80 -.I ,843 =- -/4- .3 /37384-9: C8 .3 =- 6/06,374- *-83E0 0 #+


1 - 6/37384-9:C8 .3 D-/: -7 023/4-7 6-/- 3= ;:7;0 6/09370 .3 73=399: C8 * :
9:4-9:
C8
,5=:
9-+ 60/ 3= ;:7;0 6/06083843 60/ 7?0 60/ : 843/6,374- 63/708- 0 60/ 9,-=A,:3/
:843</-843 .3 ,8 0870/9: 0 0 8: C8 3;60/-= A,3 73 6/373843 >- 73- 90;0
63/708- 8-4,/-= 0 I ,/?
.:9- 0 @-9: 38.0 6-/43 .3 04/0 90870/9: 0 6/0;37- .3
709:3.-. 2,4,/- >S0 8: C8 3;60/-=
1 ,-8.0 3= 63/708- 8-4,/-= I,/?.:
9- > 9-.- ,80 .3 =07 : 843</-8437
.3= 90870/9:0 >S0 ,8: C8 43;60/-= 80 374F : 879/:
40 9=-7:2:
9-.0 > 9-=:2:
9-.0 38 =-7
-94:D:.-.37 37639: -=:.-.37 > </,607 3E: <:.07 38 3= 8,;3/-= M .3 =07 =: 3<07 .3
34

908.: 9:0837 0 374F D389: .- 7, : 879/:69:C8 38 3= 3<: 74/0 "8:90 .3 /060838437 .3


=- B;-/- .3 0;3/9: 0 -= ;0;3840 .3 =- 6/37384-9: C8 .3 =- 023/4-
1 ,-8.0 % .379,5/- 0 90;6/,353 2-=4- .3 D3/-9: .-. 38 =-
.09,;384-9: C8 6/37384-.- 6-/- 374- 908D09-40/: - 7: 3;6/3 A,3 =- : 83E-94: 4,.
<383/3 ,8 53832: 9:0 -= 023/3843 38 =- : 9:4-9: C8 ,5=: 9-
1 0 9,;6=: / 908 =- 6/37384-9: C8 .3= 83E0 0 $ A,3 9084: 383 =- 6/06,374-
3908C;: 9- 0 : 89,//- 38 =07 3//0/37 .3 6/37384-9: C8 /323/: .07 38 3= 8,;3/-= M
'1 - 80 -7: 74389: - - =- D:
7:4- .3 05/- >S0 - =- -,.: 389: - .3 6/3D: 7:C8 .3 /:37<07
B1 ,-8.0 =- 6/06,374- 6/373843 38;: 38.-7 4-9@-.,/-7 0 384/3=: 83-.07
I1 E93.3/ 3= 6/37,6,3740 02: 9:-=
(1 0 .: =:
<389: -/ > 6/37384-/ =07 9B=9,=07 .3= * 83E0 0 M+ A,3 90//37608.-*8+ - =-
6/06,374- 023/4-.-
1 E93.3/ 3= &MN .3=
T1 ,-8.0 =- 023/4- 73- 38D: -.- 60/ 90//30 90//30 3=394/C8: 90 ;3.: 0 ;-<8F4: 90 0
2-E
"
1 ,-8.0 =- 023/4- 73 6/373843 38 20/;- 3E43;60/B83- = @39@0 .3 A,3 ,8
6/06083843 73 389,384/3 .384/0 .3 =- =9-=.? - ,8: 9:6-= 80 =0 @-5: =:
4- 6-/- A,3 73
=3 /39: 5- =- 6/06,374- .376,F7 .3 =- @0/- 9: 4-.- 8 8: 8<L8 9-70
% 73 @-/B /376087-5=3 .3= /34/-70 .3 -=<L8 6/06083843 60/ =0 A,3 37 .3
L8: 9- > 3E9=,7: D- /376087-5: =:.-. .3 F743 .: 76083/ .3= 4: 3;60 83937-/: 0 6-/- =-
-7: 74389: - 060/4,8- - =- .: =:
<389: - .3= 9:3//3 .3 =- 6/373843 73=399: C8
D1 ,-8.0 3= 6/06083843 80 9,;6=- 908 =07 /3A,3/: ;: 38407 .3 =07 /376394: D07
90;: 4F7 > 38 908739,389: - 80 73- 607: 5=3 D3/: 2:
9-/ 3= 9,;6=: ;: 3840 .3 =07 /3A,:7:407
@-5: =:
4-8437 6-/- 3= 6/373843 6/09370 *!
+ 0 7,57-8-/ =- .09,;384-9: C8 .353/37 > 05=: <-9: 0837 A,3
9084: 3838 3= 6=: 3<0 .3 908.: 9:
0837 .3 -9,3/.0 908 =0 6/3D: 740 =- 3> .3 $##&
3> $$M .3 39/340 .3= .3 I ,=:
0 .3
#1 ,-8.0 3= 6/06083843 -=<,80 .3 =07 ;: 3;5/07 .3= 90870/9: 0 0 .3 =- ,8: C8
43;60/-= C 3= /36/37384-843 =3<-= 73 389,384/3 : 89,/70 38 =-7 9-,7-=37 .3
:8@-5: =:
.-. 0 : 890;6-4: 5:=:
.-. 2: I-.-7 60/ =- 90874: 4,9:C8 0 =- =3>
1 ,-8.0 73 6/373843 =- 6/06,374- 38 20/;- 7,57: .:-/:- -= 9,;6=: ;: 3840 .3 9,-=A,: 3/
908.: 9:C8 0 ;0.-=: .-.
&1 ,-8.0 3= 6/06083843 0 -=<,80 .3 =07 : 843</-8437 .3= 90870/9: 0 0 ,8: C8 43;60/-=
73 389,384/3 : 89,/70 38 -=<,8- .3 =-7 9-,7-=37 .3 .: 70=,9:C8 >S0 =:A,:.-9: C8 .3
709: 3.-.37
E1 ,-8.0 3= 6/06083843 0 -=<,80 .3 =07 : 843</-8437 .3= 90870/9: 0 0 ,8: C8 43;60/-=
73 389,384/3 /360/4-.0 38 3= 50=34? 8 .3 /376087-5=37 2: 79-=37 A,3 3E6: .3 =-
084/-=0/?- 383/-= .3 =- 36L5=: 9-
1 ,-8.0 3= 6/06083843 90870/9: 0 >S0 ,8: C8 43;60/-= 80 9,;6=- 908 40.07 > 9-.-
,80 .3 =07 : 8.: 9-.0/37 2: 8-89: 3/07 374-5=39: .07 38 3= 6/373843 6=: 3<0 .3
908.: 9:0837
$1 ,-8.0 =- 9-6-9: .-. /37: .,-= .3 9084/-4-9: C8 A,3 73 -9/3.: 43 6-/- 3= 6/09370
73- ;380/ - =- 9-6-9: .-. /3A,3/: .- 38 9-.- 9-70
1 ,-8.0 3= 6/06083843 0 -=<,80 .3 =07 ;: 3;5/07 .3= 90870/9: 0 >S0 ,8: C8 43;60/-=
A,3 6-/4: 9:638 38 3= 6/09370 80 73 389,384/38 : 879/:407 38 3= .3 =- B;-/- .3
0;3/9: 0 .3 7, %,/: 7.:
99: C8 - =- 239@- .3 9: 3//3 .3= 6/09370
35

%1 ,-8.0 38 =- 6/06,374- 80 73 9087: <83 =- : 820/;-9: C8 .3 =07 9084/-407 38


3I39,9: C8 -.I ,.: 9-.07 > 7,7638.: .07 - =- 239@- .3 9: 3//3 .3= 6/09370 > 80 73
6,3.- 374-5=393/ =- 9-6-9: .-. /37:.,-= .3 9084/-4-9: C8
J1 ,-8.0 73 6/373843 -574389: C8 .3 06: 8:C8 0 .3 83<-9: C8 .3 .:94-;38 0 F743 73-
83<-4: D0 0 908 06: 8:C8 -.D3/7- 0 9,-8.0 6/373843 7-=D3.-.37 A,3 : ;6: .-8
9,;6=: ;: 3840 .3 =07 : 8.:9-.0/37 /3A,3/: .07 38 =07 6/3738437 6=: 3<07 .3
908.: 9:0837
U1 ,-8.0 =-7 ;,=4-7 0 7-89: 0837 .3= 6/06083843 38 =07 L=4: ;07 .07 -H07 7,63/3 3= MN
.3= D-=0/ .3= 9084/-40 05I 340 .3 =- ;,=4-
A1 ,-8.0 3= 05I 340 709:-= 6/:89:6-= .3= 023/3843 0 .3 9-.- ,80 .3 =07 ;: 3;5/07 .3
=- 8: C8 3;60/-= 0 0870/9: 0 0 =- -94:D:.-. ;3/9-84: = .3= 0;3/9: -843 80 438<-
,8- /3=-9: C8 .:/394- 908 3= 05I340 .3 =- 73=399: C8
1 ,-8.0 3= 6/06083843 80 9,;6=- 908 =07 /3A,3/: ;: 38407 .3 3E63/: 389:- <383/-= 3
:8.:D:
.,-= .3= 8,;3/-= M $U .3= 6=: 3<0 .3 908.: 9:0837
G1 - 80 6/37384-9: C8 .3 =- 9-/4- .3 90;6/0;: 70 .3= 63/708-= 6/0237: 08-= 02/39:
.0
73<L8 8,;3/-= M $M
!!1 /37384-/ 023/4- 70=0 6-/- -=<,8- 0 -=<,8-7 *> 80 =- 404-=: .-.+ .3 =-7 05/-7 A,3
90;60838 3= 6/0>3940 05I 340 .3 =- 73=399:C8
1 - 80 6/37384-9: C8 .3 =- 6/0</-;-9: C8 .3 05/- 0 3E93.3/ 3= 6=-G0 374-5=39: .0
1 - 0;: 7:
C8 60/ 6-/43 .3 =- %,84- 0 7-;5=3- .3 709: 07 .08.3 73 =3 040/<,3 6=38-7
2-9,=4-.37 -= 36/37384-843 3<-= 0 -60.3/-.0 6-/- 6/37384-/ 6/06,374- >
9084/-4-/
1 - 80 6/37384-9: C8 .3 =- 6/06,374- .3 ;-83/- 63/708-= 60/ 3= /36/37384-843
3<-=
1 ,-8.0 38 =- 6/06,374- 80 6/37384- =- 6C=: G- .3 73/:3.-. .3 =- 023/4-

04 * * ) ) )

8- D3G 2:8-=:G-.0 3= 6/09370 .3 73=399: C8 =07 6/060838437 A,3 @->-8 09,6-.0 .3=
43/93/ 0/.38 .3 3=3<: 5:
=:
.-. 38 -.3=-843 80 2-D0/39: .07 908 =- -.I ,.:9-9: C8 .3=
9084/-40 60./B8 -93/9-/73 - /39=-;-/ 3= 0/: <:
8-= > =-7 906:-7 .3 7, 6/06,374- 38 =-
39/34-/?
- .3 =-83-9: C8 .3= * - 6-/4:
/ .3 =07 A,: 893 *$M+ .?-7
9-=38.-/:0 7:<,: 38437 - =- 239@- .3 E63.: 9:C8 .3 =- /370=,9:C8 .3 -.I ,.:
9-9: C8 .3=
9084/-40 6/3D: 74- 38 3= ,;3/-= $ M .3= 6/373843 6=:
3<0 .3 908.: 9:0837'.3 =0 9084/-/:0
* 6/093.3/B -= -/9@:D0 .3 =- 6/06,374- 0/:<:
8-= > - =- .374/,99:C8 .3
7,7 906:
-7

06 * * * * * ) * ) * )

- .39: 7:
C8 .3 -.I ,.:9-/ 0 .39=-/-/ .37: 3/40 3= 6/09370 =- 40;-/- 3= 90;6343843
9084/-94,-= 908 60743/:0/:
.-. - =- /390;38.-9: C8 .3 =07 /376394: D07 90;: 4F7' -/- 3=
323940 73 93=35/-/B -,.: 389:- 6L5=:9- 38 =- 239@- 374-5=39: .- 38 3= 8,;3/-= $ M .3=
6/373843 6=:3<0 .3 908.:9:0837 .3 90820/;: .-. 908 3= -/4?9,=0 # .3 =- =3> $$M .3
38 =- 9,-= 73 .-/B8 - 908093/ =07 :
820/;37 2:
8-=37 .3 3D-=,-9: C8 73 .-/B /376,374- - =-7
0573/D-9: 0837 6/37384-.-7 38 060/4,8: .-. 73 @-/B =- 3D-=,-9: C8 .3 =- 6/06,374-
3908C;: 9- > 2:8-=;3843 73 374-5=393/B 9,-= .3 =07 023/38437 @-5:=:
4-.07 37 2-D0/39: .0
908 =- -.I ,.:9-9:C8 60/ 9,;6=: / 908 40.07 =07 /3A,:7:
407 .3 0/.38 I ,/?.:
90 4F98: 90 >
36

3908C;: 90 374-5=39:.0 38 =07 6/3738437 6=: 3<07 .3 908.: 9:0837 0 7:60/ 3= 9084/-/:
0
8:
8<,8- 6/06,374- 73 -I ,74- - =07 /3A,3/:;:
38407 .3 =- -.;:
8:74/-9:
C8 > 38 908739,389: -
37 83937-/:
0 .39=-/-/ .37:3/40 3= 6/09370

En la audiencia de que trata el presente numeral se dará lectura de la parte resolutiva del correspondiente acto administrativo
de adjudicación. Así las cosas el proponente favorecido será notificado en dicha audiencia.

= -940 .3 -.I,.: 9-9:C8 37 :


//3D09-5=3 > 05=: <- - =- 384:
.-. > -= -.I
,.:
9-4-/:
0 7-=D0 A,3
73 6/3738438 =07 9-707 73H-=-.07 38 =- =3> $$M -/4?9,=0 #W
EL MUNICIPIO DE LEBRIJA, podrá declarar desierto el proceso de selección únicamente por motivos o causas que impidan la
escogencia objetiva de una propuesta y cuando no se presente propuesta alguna o ninguna propuesta se ajuste a las
condiciones consignadas en los PLIEGOS de condiciones. Una vez declarada desierta la Licitación Pública, se dará aplicación
a lo establecido en el literal del artículo 2º numeral 2º de la ley 1150 de 2007.

El valor básico de adjudicación corresponderá al valor de la oferta presentada pero la adjudicación se efectuará por el valor total
del presupuesto oficial con el fin de incorporar en el contrato un ítem global que será utilizado para el pago de mayores
cantidades de obra, obras adicionales o complementarias y cualquier otro concepto o actividad que se requiera para el
adecuado cumplimiento del objeto contratado. Sin embargo EL MUNICIPIO DE LEBRIJA se reservará el derecho de adjudicar
sólo por el valor de la oferta básica cuando a su juicio lo considere conveniente.

* = ) ) * * ) =
-.I ,.:
9-4-/: 0 .3= 6/373843 6/09370 .3 73=399: C8 73- 63/708- 8-4,/-= I ,/?
.:9- 90870/9: 00
,8:C8 43;60/-= .353/B -5/: / - ;B7 4-/.-/ .384/0 .3 =07 9:
890 *M+ .?
-7 @B5: =37 7:
<,:
38437 -
=- 7,79/:
69: C8 .3= 9084/-40 ,8- 9,384- 908I ,84- .3 -@0//07 0 90//: 3843 - 80;5/3 .3=
9084/-4:74- > .3= :
843/D3840/ .3= 6/0>3940 6-/- 3239407 .3 9087:<8-/ 3= -84:
9:60

3 -9=-/- A,3 =- 384:


.-. 6L5=: 9- 9084/-4-843 37 =- 6/06: 34-/:- .3 =07 /39,/707 384/3<-.07
38 9-=:
.-. .3 -84: 9:60 > 38 908739,389: - =07 /39,/707 =07 /38.:;:38407 2:8-89:3/07 A,3 =07
;:7;07 <383/38 63/4383938 -= 370/0

7?;:7;0 D389:
.0 F743 4F/;:
80 9084-/B 908 .07 .?
-7 @B5:
=37 -.:
9:08-=37 6-/- -==3<-/ =-
7:
<,:
3843 .09,;384-9:C8)

-+ 3/4:
2:
9-9:C8 5-89-/: - 0/:
<:8-= 38 =- 9,-= 73 :
8.:
A,3 3= 80;5/3 .3 =- 384:
.-.
2:
8-89: 3/- > 3= 8L;3/0 .3 =- 9,384- .3 -@0//07 0 90//:3843 6-/- 3239407 .3=
6-<0 .3= 9084/-40

5+ 040906:
- .3= 93/4:
2:
9-.0 .3 3E: 74389:
- > /36/37384-9:
C8 =3<-= .3 =- 9B;-/-
.3 90;3/9:0 6-/- 63/708-7 I
,/?
.: 9-7

9+ 3<:
74/0 "8:
90 4/:
5,4-/:
0

04-) =- .09,;384-9: C8 -843/:0/;3843 /323/: .- 37 83937-/: - 6-/- =- 7,79/:69:C8 .3=


9084/-40 > 63/2399: 08-;: 3840 .3= ;: 7;0 3 9=-/- A,3 -.3;B7 3= /34/-70 38 =- 384/3<-
.3 =- .09,;384-9: C8 70=:
9:4-.- /34/-7-/B 3= 6-<0 -= A,3 73 05=:
<- =- 384:
.-. 7:8 A,3 60/
3==0 @->- =,<-/ -= /390809: ;:38407 .3 :843/3737 ;0/-40/:
07 60/ 4/-4-/73 .3 ,8- 908.,94-
83<=:<3843 -4/:
5,: 5=3 L8:
9- > 3E9=,7:D-;3843 -= -.I ,.:9-4-/:0
37

< 3

* )*

-7 908.: 9:
0837 .3= 9084/-40 6-/- =- 023/4- 73=399:
08-.- 73 389,384/-8 374-5=39: .-7 38
3= 6/373843 9-6:
4,=0 > 38 =- ;:
8,4- .3= 9084/-40 -83E- -= 6/373843 6=:
3<0 .3 908.:
9:0837

3 *

= 9084/-4:
74- 73 05=:<- 6-/- 908 * - 3I 39,4-/ - =07 6/39: 07
904:G-.07 38 =- 6/06,374- > 908 7,7 6/06:07 ;3.:07 O ;-43/:
-=37 3A,: 607 > 63/708-= O 38
20/;- :8.3638.: 3843 > 908 6=38- -,4080;? - 4F98:9- > -.;: 8:74/-4:
D- @-74- 7, 404-=
43/;:8-9:C8 > -9364-9: C8 2:
8-= =-7 9-84:
.-.37 .3 05/- A,3 73 .34-==-8 38 7, 6/06,374-
38 3= -83E0 0 $

Estas cantidades son aproximadas, por lo tanto, se podrán aumentar, disminuir o suprimir durante la ejecución de la obra y sus
variaciones no viciarán ni invalidarán el contrato producto de esta contratación. El constructor está obligado a ejecutar las
mayores cantidades de obra que resulten a los mismos precios de la propuesta, previa autorización de EL MUNICIPIO DE
LEBRIJA.

3- * *

74B 90874:4,:
.- 60/ =07 .09,;38407 A,3 73 .34-==-8 - 9084: 8,-9:C8'=- -6/05-9: C8 .3 =07
;: 7;07 60/ 6-/43 .3 * 90874: 4,>3 /3A,:7:
40 6/3D:
0 6-/- A,3
* :;6-/4- 0/.38 .3 : 8:9:
0 .3 3I39,9: C8 .3= 9084/-40'60/ =0 4-840 3=
6/06083843 - A,: 38 73 =3 -.I,.:A,3 3= 9084/-40 .353/B 384/3<-/=07 .384/0 .3 =07 4/37 *&+
.?-7 @B5:=37 7:
<,:38437 - =- 7,79/:
69:C8 .3= 9084/-40 > =- 384:.-. D3/:2:
9-/B A,3 =07 ;: 7;07
73 -I,7438 - =-7 3E:<389: -7 .3= 6/373843 6=:3<0 .3 908.: 9:0837 70 638- .3 : 89,//:/ 38
9-,7-= .3 : 89,;6=:;: 3840 .3= 9084/-40 7-89:08-5=3 38 =- 20/;- 374-5=39: .- 38 =- ;: 8,4-
.3= 9084/-40

3- #' D ! (
@# $ "& $ #!"& ' $( #!"

= 9084/-4:
74- .353/B 6/37384-/ =-7 @0I -7 .3 D:.- 908 3= 63/2:
= /3A,3/:
.0 .3= 63/708-=
6/0237:08-= -6/05-.0 60/ 90;: 4F 063/-4:
D0 .37:
<8-.0 60/ % .384/0
.3 =07 4/37 *&+ .?
-7 @B5:=37 7:
<,: 38437 - =- 2:
/;- .3= 9084/-40 3= :
89,;6=:;:
3840 .3 3743
/3A,3/:;: 3840 .-/B =,<-/ - A,3 % -6=:A,3 =-7 ;,=4-7 60/
:89,;6=: ;:3840 6-/9:
-= .3= 9084/-40

0 73 -9364-8 @0I -7 .3 D: .- .3 6/0237: 08-=37 A,3 @->-8 7: .0 /33;6=-G-.07 60/


:
89-6-9: .-. 4F98: 9- >S0 -.;: 8:
74/-4:
D- .,/-843 =- 3I
39,9:
C8 .3 05/-7 .,/-843 =-7 D:
<389:
-7
.3 =07 -H07 & -= 9084/-4-.-7 60/ %
38

-/- -9/3.:4-/ =- 3E63/:389:- 3E:<:.- .3= 63/708-= 6/0237:08-= 73 .353 384/3<-/ I


,840 908 =-
@0I - .3 D:
.- 906: - .3 =- 4-/I34- 6/0237:
08-= : 6=0;- >S0 94- .3 </-.0 >S0 93/4: 2:9-9:C8
.3= 0873I 0 /0237: 08-= -9: 08-= .3 8<38: 3/?- > -/A,:
4394,/- 908 =- 239@- .3 3E63.: 9:C8 .3
=- ;-4/: 9,=- 6/0237: 08-= -90;6-H-.07 37407 .09,;38407 .3 =-7 90//37608.: 38437
93/4:2:
9-9:0837 .3 4/-5-I 0 38 0/: <:8-= 0 906: - -,4384:9-.- > A,3 63/;: 4-8 D3/:2:9-/ =-
:820/;-9:C8 3E: <:.- 38 =07 90//37608.: 38437 63/2:=37

0/ =0 -843/:
0/ 908 =- 023/4- 80 73 .353/B8 6/37384-/ =-7 @0I
-7 .3 D:
.- .3= 63/708-=
L8:9-;3843 =- 9-/4- .3 90;6/0;:70

'(
" "& $ #!"D C
#(D &! ! "
! % (
@# "$ ! ! $

- 63/708- 8-4,/-= 0 I ,/?


.: 9- A,3 6/373843 6/06,374- .353/B 9084-/ ;? 8:
;0 908 3=
7:
<,:
3843 63/708-= 6/0237:08-= > .3 4/-5-I
0 F= 9,-= .353 93/4:
2:
9-/ =-7 9-=:
.-.37 A,3 6-/-
9-.- 63/2:
= 73 /3=-9:
08-8 -7?)

'(
" "& $ #!"D C
#(D &! ! "
! % (
@# "$ ! ! $

J
$
% * +K

- 63/708- 8-4,/-= 0 I ,/?


.: 9- A,3 6/373843 6/06,374- .353/B 9084-/ ;? 8:
;0 908 3=
7:
<,:
3843 63/708-= 6/0237:08-= > .3 4/-5-I
0 F= 9,-= .353 93/4:
2:
9-/ =-7 9-=:
.-.37 A,3 6-/-
9-.- 63/2:
= 73 /3=-9:
08-8 -7?)

!1 *( ! = 023/3843 .353/B 9084-/ 908 ,8 #B #( (


J(" E%( > 908
E63/:
389:
- 6/0237:
08-= <383/-= ;?
8:;- .3 : 3G *$ + -H07
1 $( # ! = 023/3843 .353/B 9084-/ 908 ,8 #B #( (
J(" E%( > 908
E63/:
389:
- 6/0237:
08-= <383/-= ;?
8:;- .3 4/37 *&+ -H07

0.0 6/0237:
08-= 02/39:
.0 6-/- 3= 6/0>3940 .353/B -9/3.: 4-/ =- D:
<389:- .3= ?4,=0 0
:6=0;- 040/<-.0 60/ ,8- 874:4,9:
C8 .3 .,9-9: C8 ,63/:
0/ /390809: .- 60/ 3= :
8:743/:
0
.3 .,9-9: C8 -9: 08-= > .3 =- ;-4/?
9,=- 6/0237:
08-= 3E63.:.- 60/ 3= 0873I0 /0237:08-=
90//37608.:
3843

7? ;:7;0 -8437 .3 : 8:9:


-/ 9,-=A,:
3/ -94:
D:.-. 3= 9084/-4:
74- .353 -9/3.:
4-/ -843 =-
:
843/D3840/?
- A,3 3= 63/708-= .3 ;-80 .3 05/- 9-=: 2:
9-.- - 3;6=3-/ 9,3843 908 =-7
93/4:
2:
9-9:0837 90//37608.:38437

- 9084/-D389: C8 - =0 -843/:
0/;3843 /3A,3/:.0 38 =- 239@- 374:6,=-.- 60/ =- 384:
.-. >S0
:
843/D3840/?- 09-7:08-/B /34-/.0 38 3= 9,;6=:;:3840 .3 =-7 05=:
<-9:0837 908438: .-7 38 =07
6=:
3<07 > 3= 9084/-40 .3 =0 A,3 73 .3/:
D-/B ,8- 7-89:C8 639,8: -/:
- .3 90820/;: .-. 908 =0
-90/.-.0 60/ =-7 6-/437 38 3= 9084/-40

= 63/708-= 6/0237:
08-= ;?8:;0 6/06,3740 .353/B 9,;6=:
/ 908 =0 374-5=39:.0 38 3743 6=:
3<0
.3 908.: 9:
0837 -7?90;0 3= 63/708-= 3790<: .0 6-/- -.3=-84-/ =- D:
7:4- .3 05/- :
8.: 9-.-
38 3= ?43; $ :7:
4- .3 05/-
39

8- D3G * -6/,353 3= 63/708-= ;? 8:;0 6/06,3740 F743 80 60./B


73/ 9-;5: -.0 .,/-843 =- 3I
39,9: C8 .3 =-7 05/-7 - ;3807 A,3 3E: 74- ,8- I,74- 9-,7- =-
9,-= .353/B 73/ 7,74384-.- -843 * 6-/- 7, 3D-=,-9: C8 > 60743/:
0/
-,40/:G-9:C8 8 9-70 .3 -6/05-/73 3= 9-;5: 0 60/ 6-/43 * 3=
63/708-= .353/B /33;6=-G-/73 60/ ,80 A,3 9,;6=- 908 : <,-=37 0 7,63/:0/37 /3A,:7:
407
3E:<:.07 38 =07 .3 908.:9:0837 = : 89,;6=:;:3840 - =0 -843/:
0/ 73/B 7-89:08-.0
.3 90820/;: .-. - =0 6-94-.0 38 3= 9084/-40

* 73 /373/D- 3= .3/39@0 .3 80 -,40/:G-/ =07 9-;5:07 .3= 63/708-=


70=:
9:4-.0 7:
8 A,3 38 8:
8<L8 9-70 .35- .-/ 3E6=:9-9:C8 -=<,8- -= /3763940

07 6/0237:
08-=37 3E: <:.07 .3538 9,;6=: / > -9/3.:
4-/ 90;0 ;?
8:;0 =07 /3A,:
7:407
374-5=39:
.07 38 3= 6/373843 6=:
3<0 .3 908.:
9:0837

- 404-=:
.-. .3 =- :
820/;-9:
C8 .353/B 73/ :
89=,:
.- .384/0 .3= 0/<-8:
</-;- .3 =07 4/-5-I
07

3-- #F"
($(
$ & ( $%#(! ( $

= 6/06083843 -7,;3 =07 -8B=:


7:7 .3 6/39: 07 ,8:
4-/:
07 6-/- 9-.- ,80 .3 =07 ?43;7
38,89:-.07 38 3= 83E0 0 7,;: 8:
74/-.07 60/ * 6-/- 40.07 =07
3239407 9084/-94,-=37

- 6/37384-9:C8 .3 9-.- 73 /3-=:


G-/B .:
79/:
;:8-8.0 9-.- ,8:4-/:
0 .3= 6/37,6,3740
6/37384-.0 38 3= -83E0 0 $ .3= D-=0/ .3 =- 023/4- : 9@07 ,8:
4-/:
07 73/B8 /3D:
7-.07 >
-D-=-.07 60/ =- :
843/D3840/?
- > -6/05-.07 60/ *

3-0 !"
(! "
! !

- D3/:
2:
9-9:
C8 .3 =- : 843/D3840/?
- 80 3E083/-/B .3 /376087-5: =:
.-. -= 9084/-4:
74- 60/ =-
9-=:
.-. .3 =- ;: 7;- = 9084/-4: 74- <-/-84:
G-/- 3= 7060/43 4F98:90 > 9-=:.-. .3 =07
6/0.,9407 A,3 7,;: 8:74/38 3= 2-5/:9-843 0 6/0D33.0/ -7? 90;0 =- : 874-=-9:C8 >
-90;6-H-;: 3840 4F98: 90 .,/-843 =- 3I
39,9:
C8 .3 =07 4/-5-I
07

8- D3G 43/;: 8-.-7 =-7 6-/437 .3 =- 05/- A,3 .35-8 A,3.-/ 09,=4-7 > -8437 .3 : 8: 9:-/ 3=
4/-5-I0 7,57: <,:3843 3= 9084/-4: 74- :820/;-/B - =- :843/D3840/?
- 6-/- A,3 F74- 6/093.- -
;3.: / =- 05/- 90874/,:.- - : 843/D3840/? - 60./B 0/.38-/=3 60/ 379/: 40 3= .379,5/: ;: 3840
.3 =-7 6-/437 09,=4-7 .3 =- 05/- 6-/- A,3 F74- 6,3.- 3I 3/93/ 7,7 2,89:0837 .3 9084/0= =
9084/-4: 74- 32394,-/B 3743 4/-5-I 0 > 3= .3 /3-908.: 9:08-;:3840 60743/: 0/ 7:
8 A,3 3==0 =3 .F
.3/39@0 -= /390809: ;: 3840 .3 907407 -.: 9:08-=37 8:- 3E4387:
0837 -= 6=-G0 .3 3I39,9: C8

* 60./B -,40/: G-/ - =- :


843/D3840/?- /39@-G-/ =- 05/- 3I
39,4-.- 60/
.32:9:389:
-7 38 =07 ;-43/:-=37 0 3=3;38407 3;6=3-.07 -,8A,3 =-7 ;,374/-7 > 6/0404: 607
90//37608.:38437 @,5:3/38 7:.0 D3/:2:
9-.07 6/3D: -;3843 7: 8 63/I
,:9:
0 .3 =0 374-5=39:
.0 38
=-7 37639:
2:
9-9:0837 705/3 =- -9364-9: C8 .3 7,;: 8:74/0 .32394,070

0.- 05/- /39@-G-.- 60/ .3239407 38 =07 ;-43/:


-=37 38 =07 3=3;38407 3;6=3-.07 38 =-
05/- .3 ;-80 0 60/ .32: 9:389:- .3 =07 3A,: 607 ;-A,: 8-/:
-7 > @3//-;:384-7 .3
40

90874/,99:C8 0 60/ .3239407 38 3==- ;: 7;- .353/B 73/ /3438: .- /390874/,:.- 0 /36-/-.-
60/ 9,384- .3= 9084/-4: 74- .3;B7 3= 9084/-4: 74- A,3.- 05=:
<-.0 - /34: /-/ .3= 7:4:0
/376394:D0 =07 ;-43/: -=37 0 3=3;38407 .32394,0707 * 60./B /34: /-/
=07 ;-43/:-=37 0 =07 3=3;38407 > /33;6=-G-/=07 60/ 04/07 /36-/-/=07 0 /390874/,: / =- 6-/43
/39@-G-.- .3 =- 05/- 40.0 - 9-/<0 .3= 9084/-4: 74- 740 @39@0 80 =0 3E083/-/B .3 .-/
9,;6=: ;:3840 374/:940 - =- 6/0</-;-9: C8 .3 05/- 0 .3 =- -6=:9-9:
C8 .3 =-7 7-89:0837 - =-7
A,3 @->- =,<-/ 60/ : 89,;6=: ;:3840 6-/9:
-= .3 =-7 05=:<-9:
0837 9084/-94,-=37

07 ;-43/:-=37 3;6=3-.07 38 =- 3I 39,9:C8 .3 9-.- ,80 .3 =07 ? 43;7 .3= 9084/-40 .3538
73/ .3 6/:
;3/- 9-=: .-. /376-=.-.07 908 =- 93/4: 2:
9-9:C8 .3= 6/0D33.0/ .3 -9,3/.0 - =07
6=-807 > 37639: 2:
9-9:0837 4F98: 9-7 -83E-7 - 3743 6=:
3<0 .3 908.: 9:
0837 > - =07 6/093707
90874/,94:D07 :
8.:9-.07 60/ 3= 2-5/:
9-843 >S0 6/0D33.0/

07 3A,: 607 ;-A,: 8-/:- > @3//-;: 384-7 A,3 3= 9084/-4:


74- 7,;: 8:
74/3 6-/- =- 90874/,99:C8
.353/B8 73/ -.39,-.07 > 7,2: 9: 38437 6-/- =-7 9-/-943/?
74:
9-7 > =- ;-<8: 4,. .3= 4/-5-I0 60/
3I39,4-/ * .:/394-;3843 0 60/ : 843/;3.: 0 .3 =- :843/D3840/?- 73
/373/D- 3= .3/39@0 .3 /39@-G-/ > 3E: <:
/ 3= /33;6=-G0 0 /36-/-9: C8 60/ 9,384- .3=
9084/-4:74- .3 -A,3==07 3A,: 607 ;-A,: 8-/:-7 > @3//-;: 384-7 A,3 - 7, I ,:9:0 73-8
:8-.39,-.07 0 : 832:
9:38437 0 A,3 60/ 7,7 9-/-943/? 74:
9-7 90874: 4,>38 ,8 63=:</0 6-/- 3=
63/708-= 0 ,8 0574B9,=0 6-/- 3= 5,38 .37-//0==0 .3 =-7 05/-7 3 3E: <:/B 7:3;6/3 3=
7,;:8:74/0 > ;-8438: ;:3840 38 5,38 374-.0 .3 2,89: 08-;: 3840 .3= 3A,: 60 5B7: 90
/3A,3/:.0 6-/- =- 90874/,99:C8 .3 =-7 05/-7

3-3 B !D ! !

= 6/0</-;- .3 90874/,99: C8 73 3=-50/-/B 38 ,8 .:-</-;- .3 -846-/- =- 3I 39,9:C8 .3


=- 05/- > 6/0</-;- .3 7,59084/-407 > 7,;: 8:74/07 908 :
8.:
9-9:
C8 .3 =- /,4- 9/?
4:
9- 38
20/;- 739,389: -= 384/3 =-7 .:
23/38437 -94:
D:.-.37 > 908 ,8 4:
3;60 :
<,-= - =- .,/-9:C8 .3
=-7 05/-7 > .353 90874-/ .3 =0 7:
<,:3843)

- 739,389:
- =C<:
9- .3 =-7 -94:
D:.-.37

= 2=,I
0 .3 :
8D3/7:
C8 73;-8-= > ;387,-= 38 05/- :
89=,>38.0 3= > 3=

- .:-</-;-9: C8 .3 =-7 5-//-7 .353/B 90:


89:
.:/ 908 3= 8L;3/0 .3 .?
-7 60/9384-I
3 .3
3I39,9:C8 > 3= 2=,I
0 .3 208.07

353 4383/73 38 9,384- A,3 3= 6=-G0 ;BE: ;0 .3 3I39,9:C8 37 .3 -9,3/.0 -=


90843;6=-.0 38 3= 9,-./0 0 .3= 8,;3/-= $ $ .3 3743 6=:
3<0 9084-.07 - 6-/4:
/ .3= .?
-
7:
<,:
3843 .3 =- 239@- .3 7,79/:
69:
C8 .3= 94- .3 :
8:9:
0 .3 5/-

- 3I39,9:C8 .3 40.-7 =-7 -94:D:


.-.37 90//37608.:38437 - =- 05/- 73/B8 3I 39,4-.-7 908
5-73 38 =0 6/37384-.0 38 3= /0</-;- .3 -//-7 3= 9,-= 73/B .35: .-;3843 -6/05-.0 60/
* 3 :8;0.: 2:
9-5=3 7-=D0 9-707 .3 2,3/G- ;->0/ 0 9-70 20/4,: 40
6/3D:- -,40/:G-9:C8 .3 =- 843/D3840/? - > .3 * b743 .353/B
6/37384-/73 L8:9-;3843 60/ 3= 023/3843 2-D0/39:
.0 .384/0 .3 =07 6=-G07 374-5=39:.07 38 3=
6/373843 6=:
3<0 .3 908.: 9:0837
41

- @3//-;:384- 6-/- .: -</-;-9:C8 A,3 73 ,4:=:


93 .353/B 6/0D33/ .:
-</-;-7 A,3
;,374/38 =- 739,389: - =C<:
9- .3 3I39,9:
C8 .3 =07 ?
43;7 :
89=,>38.0 90;0 ;?8:
;0 =-
7:
<,:
3843 :820/;-9:C8)

a) 0;5/3 .3= ? 43;


b) -84: .-. - 3I 39,4-/
c) 8: .-. .3 05/-
d) ,/-9: C8 374:;-.-
e) 8:9:0 43;6/-80
f) :8-= 43;6/-80
g) 8:9:0 4-/.?0
h) :8-= 4-/.?0
i) !0=<,/- 404-=
j) /393.389: -7

07 .:
-</-;-7 .353/B8 374-5=393/ =- /,4- 9/? 4:
9- .3 3I 39,9: C8 .3 =-7 05/-7 A,3
90;60838 3= 6/0>3940 05I340 .3 =- =:
9:4-9:C8 > 3= 8:D3= .3 .34-==3 6-/- 9-.- ,80 .3 =07
?
43;7 .3= 6/0</-;- .3 05/- .353/B :8.: 9-/73 =0 7:
<,:3843)

a) = D0=,;38 .3 05/- - 3I
39,4-/73 60/ 73;-8-

b) .384:
2:
9-/ 3= /376087-5=3 .384/0 .3 =- 0/<-8:
G-9:
C8

c) .384:
2:
9-/ 3= 3A,: 60 >S0 3= /39,/70 .3 ;-80 .3 05/- A,3 9084/0=- 3=
/38.:;:3840 > =- .,/-9:C8 .3 7, 3I39,9:C8

- 80 6/37384-9: C8 .3 =- 6/0</-;-9: C8 .3 05/- 908 =07 9/: 43/:


07 -843/: 0/;3843
374-5=39:
.07 > -6/05-.07 60/ * .384/0 .3 =07 4/37 *&+ .?
-7 @B5:=37
7:
<,:38437 - =- 2:
/;- .3= 9084/-40 63/;: 4:
/B A,3 * -6=:A,3 =-7
7-89:0837 639,8:-/:-7 - A,3 @->- =,<-/ .3 90820/;:
.-. 908 =07 4F/;:807 .3= 9084/-40

3-4 B !D ! (
#J $( # $

7 =- ;-8:2374-9:
C8 </B2:
9- .3 =-7 :
8D3/7:
0837 A,3 .3 -9,3/.0 908 7, 6/0</-;- .3 05/-
3= 6/06083843 73 90;6/0;343 - 3I 39,4-/ =07 /39,/707 .3 -9,3/.0 - =-7 7:
<,:
38437
:
8.: 9-9:0837

3=-9:08-/B =- :
8D3/7:C8 A,3 3I
39,4-/B 73;-8-=;3843 60/ 90893640 .3 9-.- ? 43; 74-
:
8D3/7:C8 .353 90//37608.3/ -= 6/0.,940 .3 =-7 9-84: .-.37 73;-8-=37 > ;387,-=37
9087:<8-.-7 38 3= 6/0</-;- .3 05/- 60/ 3= 6/39:
0 ,8:
4-/:
0 .3= ?
43;

0/ L=4:
;0 /3=-9:
08-/- =- :
8D3/7:
C8 ;387,-= -9,;,=-.-

= :
89,;6=:
;:3840 .3 =- 6/0</-;-9: C8 .3 05/- -9-//3-/B =-7 7-89: 0837 - =-7 A,3 @->-
=,<-/ .3 90820/;:
.-. 908 =0 6/379/:
40 38 3= -/4?
9,=0 $ .3 =- =3> $$M .3

30 * ) ) < )* ) )
42

30 * ) )

La iniciación de los trabajos se supedita a la orden de iniciación de obra emitida por EL MUNICIPIO DE LEBRIJA, la cual será
posterior a las reuniones de los comités preconstrucción programados por la Entidad.

30- *

La cancelación de los recursos se efectuará previo cumplimiento de los trámites administrativos a que haya lugar.

El contratista favorecido recibirá los recursos para la cancelación del contrato que se derive del presente proceso, en el plazo
establecido en el cuadro No. 2 del numeral 1.1 de los presentes Pliegos de condiciones.

07 208.07 .3= -84:9:


60 70=0 60./B8 73/ ,4: =:
G-.07 6-/- =07 <-7407 6/06: 07 .3= /376394:D0
9084/-40 = ;-83I 0 .3 =07 /39,/707 384/3<-.07 -= 9084/-4:74- - 4?
4,=0 .3 -84:9:
60 .353/B
32394,-/73 38 9,384- 736-/-.- - 80;5/3 .3= 9084/-4: 74- > .3= :843/D3840/ 05I340 .3 =-
=:
9:4-9:C8 908 :
8.:
9-9: C8 .3= 8L;3/0 .3 9084/-40 -7:<8-.0 74- 9,384- 73/B D: <:=-.- 60/ 3=
:843/D3840/

300 2 *)

El Proponente deberá tener disponible para la ejecución de las obras, el equipo necesario para dar cumplimiento al objeto del
contrato. El Contratista tiene la obligación de suministrar oportunamente todos los equipos necesarios para cumplir con los
programas, plazos y especificaciones técnicas de la obra, so pena de la aplicación de las sanciones que se establezcan en el
contrato por incumplimiento de sus obligaciones contractuales.

303

EL MUNICIPIO DE LEBRIJA, mantendrá durante todo el tiempo que dure la ejecución del contrato, una Interventoría y ejercerá
la supervisión para verificar que las obras se estén desarrollando y ejecutando de conformidad con el contrato de obra
respectivo, de acuerdo con las especificaciones y términos del contrato.

0/ 4/-4-/73 .3 ,8 9084/-40 .3 05/- A,3 .3 90820/;: .-. 908 =- 3> .3 $##& -/4?9,=0 &
/3A,: 3/3 ,8- :843/D3840/?- 3E43/8- - =- 384: .-. 374-4-= 3= 9084/-4:74- 90;0 05=: <-9:C8
9084/-94,-= .353/B .-/ 9,;6=: ;:3840 - 40.07 =07 /3A,3/:
;:38407 3E:
<: .07 60/ 3= :
843/D3840/
.37:<8-.0 7-=D0 =07 A,3 3E6/37-;3843 /3A,: 3/-8 -,40/:
G-9:C8 .3 *
> 38 40.0 9-70 .353/B 908093/ 40.0 3= 9=-,7,=-.0 .3= /376394: D0 9084/-40 > =-7 3E:
<389: -7
.3 =07 =:3<07 .3 908.: 9:0837 .3 =- 843/D3840/?
-

304 ) ) * ) * * * ) + *
)

El oferente se comprometerá con EL MUNICIPIO DE LEBRIJA desde la iniciación de las obras y hasta la entrega definitiva de
las mismas, a cumplir con la normatividad existente en lo referente a seguridad industrial y salud ocupacional de sus
trabajadores, usando los equipos de protección adecuados para el desarrollo de los trabajos contratados y al manejo ambiental
de obras tanto para el entorno (Unidad donde se ejecuten las obras), como para el personal que ejecute y visite la obra,
cumpliendo como mínimo manejo ambiental de obras. El incumplimiento de esta obligación dará lugar a las sanciones
contractuales a las que haya lugar

306 . *
43

,/-843 =- 3I
39,9:C8 .3 =07 4/-5-I 07 > -= 2: 8-=:
G-/ =-7 05/-7 3= 9084/-4: 74- 73 .353
90;6/0;343/ - /3-=:G-/ ,8- -.39,-.- > 90//394- =: ;6:3G- -/- .3I -/ =- 05/- 404-=;3843
=:
;6: - .:-/:
-;3843 3= 9084/-4: 74- .353 4383/ 38 9,384- =- /34: /-.- .3 3790;5/07 >
/37:.,07 .3 ;-43/:
-=37 705/-8437 0 /34-=37 .3 ;-.3/- -/38- </-D: ==- =-./:==0 5-=.07?
8
349 A,3 @->- A,3.-.0 38 : 843/:0/37 0 3E43/:
0/37 .3I-8.0 =07 -;5: 38437 63/2394-;3843
-73-.07

33 * ) )

33 *

Las obras que conforman el proyecto objeto de la presente LICITACION PUBLICA son:

J
$ % * +K

33- ) ) ) * ) * ) *

%#(@# & #$ % ( @# 8 =- 9,-= 73 6/37384-/B8 60/ 6-/43 .3 =- 2:


/;- :
843/D3840/- =-7
:8A,:34,.37 /323/38437 -= 6/0>3940 *38 40.-7 > 9-.- ,8- .3 =-7 05/-7 A,3 =0 90;60838+ >
73/B8 /37,3=4-7 60/ 6-/43 .3 *

7?;:7;0 73 2:
I-/B8 =-7 239@-7 6-/- =-*7+ -,.:
40/:
-*7+ .3 9-=:
.-. 4-840 - =- 2:
/;- :
843/D3840/-
90;0 - =- 2: /;- 9084/-4: 74- 3= /37,=4-.0 .3 =-*7+ ;: 7;-*7+ 73 3=-50/-/B ,8 :820/;3 A,3
73/B :
8</37-.0 - =- 5-73 .3 .-407 6-/- 73/ 438: .0 38 9,384- 38 2,4,/-7 -.I ,.:
9-9:0837

(F ! "
! ! -/- 9-.- 05/- .3 =-7 A,3 90;60838 3= 6/0>3940 05I 340 .3 =-
6/373843 =:9:4-9: C8 73 .353/B ==3D-/ ,8- ;3;0/: - .:-/:
- .3 40.07 =07 -908439: ;:38407
7,93707 > .39: 7:0837 40;-.-7 38 =- 3I 39,9:C8 .3 =07 4/-5-I 07 /3<:74/-/73 =- D:7:
4- .3
2,89:08-/:07 A,3 438<-8 A,3 D3/ 908 =- 05/- 349 .353 63/;: 4:
/ =- 90;6/387: C8 <383/-= .3
=- 05/- > .37-//0==0 .3 =-7 -94:
D: .-.37 .3 -9,3/.0 908 3= /080</-;- .3 3I 39,9: C8 3
:8D3/7:
C8 -6/05-.0 353 2: /;-/73 60/ 3= .:/3940/ .3 05/- 3= .:/3940/ .3 =- 843/D3840/? -0
7,63/D:70/ > -.:9:08-=;3843 .353 374-/ 20=:
-.-

!" "
!( #' D ! (J!) = 084/-4: 74- .353 :874-=-/ 38 =- 05/- A,3 90;6083 3= 6/0>3940 05I 340
.3 =- 6/373843 =:9:
4-9:C8 ,8- D-==- :820/;-4: D- .3 ;34/07 .3 -89@0 > ;34/07 .3
-=40 > ,5:
9-.- - ;34/07 .3= 8:D3= .3 6:70 73<L8 3= .:73H0 - 6-/4:
/ .3 =- 7,79/:
69:C8 .3=
94- .3 8: 9:-9:C8 6/3D: - 900/.: 8-9:C8 908 3= 843/D3840/ .37:<8-.0 60/ *
> 73 ,5:9-/- 38 3= -99370 - =- 05/-

(
'( ! (@# " $*($ K $ 353/B 4383/73 38 9,384- 6-/- =- :
8:9:-9:C8 > .37-//0==0 .3 =07
4/-5-I07 .3 90874/,99: C8 > 38 9-70 .3 6/37384-/73 -=<,8- .,.- 0 83937: .-. .3
;0.: 2:9-9:C8 .3 =07 .:
73H07 * /0>39407 F98:
907+ 73 .353/B 9087,=4-/ 908 =- 843/D3840/?->
-= 90;: 4F 063/-4:
D0
44

Toda modificación que requiera el proyecto original, deberá contar con el aval de la interventoría y de EL MUNICIPIO DE
LEBRIJA, comité operativo, sin que afecte el total del presupuesto ni el plazo de ejecución.

!$ !# ( ! $ !& % ! -7 9-84:.-.37 60/ 3I 39,4-/ 708 =-7 A,3 73 6/37384-8


38 3= 9,-./0 =:
74- .3 9-84:.-.37 .3 05/- 60/ =0 4-840 80 73 60./B8 -,;384-/ .: 7;:8,:/0
7,6/:
;: / .,/-843 =- 3I 39,9:
C8 .3 =-7 05/-7 3E93640 60/ 9: /9,874-89: -7 37639: -=37
6/3D:-;3843 -D-=-.-7 > -6/05-.-7 60/ * = 90874/,940/ 374B
05=:
<-.0 - 3I 39,4-/ =-7 ;->0/37 9-84:
.-.37 .3 05/- A,3 /37,=438 - =07 ;:7;07 6/39: 07 .3 =-
6/06,374-

34 ) ) V )

34 $& (
'( ! ( # $

- .379/:
69:C8 9-84: .-.37 .3 05/- 9-/-943/?74:
9-7 > 37639:2:
9-9:
0837 .3 05/- - 3I
39,4-/
73 389,384/-8 9087:<8-.-7 38 =- 39/34-/?
- .3 =-83-9: C8 .3 * 38
.?-7 > @0/-7 @B5:
=37 7639: 2:
9-9:0837 F98: 9-7 .3 =-7 05/-7 A,3 90820/;-8 3= /0>3940
* 83E0 0 &+ > 6/37,6,3740 02:9:
-= * 83E0 0 $+

07 :87,;07 3;6=3-.07 38 =- 3I
39,9:
C8 .3= 6/0>3940 .353/B8 374-/ 93/4:
2:
9-.07 908 =-7
80/;-7 .3 9-=:.-. 0 38 7, .323940 90;0 ;? 8:
;0 9,;6=: / 908 =-7 0/;-7 F98: 9-7
0=0;5:-8-7

3 -9=-/- A,3 =07 8B=: 7:


7 .3 /39:07 8: 4-/:
07 384/3<-.07 @-938 6-/43 90;6=3;384-/: - .3
=-7 7639: 2:
9-9:0837 > 73/B8 384/3<-.07 60/ * 908 3= 6/06C7:
40 A,3
3= 023/3843 =07 438<- 38 9,384- 38 3= ;0;3840 .3 /3-=: G-/ =- 023/4- $ F# & $ # ! $
H#( !D # & " # !( $! E% $%" ! % ( ! ! ( "
! .384/0 .3
=07 4/37 .?
-7 .376,F7 .3 =- 2:
/;- .3= 9084/-40

08 3= .:
=:
<389:-;: 3840 .3= 83E0 0 $ 73 .- 60/ @39@0 A,3 3= 023/3843 908093 > -9364-
38 7, 404-=:.-. =-7 7639: 2:
9-9:
0837 F98:9-7 * 83E0 0 &+ -= : <,-= A,3 =07 =:3<07 .3
908.: 9:0837 > .38.-7
3 4 - !&! ( ! & ! ( J! W #( !

- 9-6-9: .-. 063/-4:


D- > 4F98:9- 73 .3;074/-/B ;3.: -843 =- 6/37384-9:C8 .3= 37A,3;-
.3 0/<-8: G-9:
C8 .3 =07 4/-5-I07 5-I 0 3= 9,-= 73 .37-//0==-/B =- 05/- /3=-9:
08-8.0 3=
63/708-= 4F98:
90 63/708-= -.;: 8:
74/-4:
D0 > 3A,:60 A,3 3= 023/3843 3;6=3-/B 38 =- 05/-

340 #F"
($(
$ & ( $%#(! ( $* # A -+

07 -8B=:
7:7 .3 6/39:07 ,8:4-/:
07 73/B8 384/3<-.07 60/ =- 023/4- <-8-.0/- 4/37 *&+ .?
-7
.376,F7 .3 73/ =3<-=:
G-.0 3= 9084/-40

7 .3 -9=-/-/ A,3 3= J 83E0 0 K 80 6,3.3 D-/: -/73 38 7, 908438:


.0 38 =0 A,3 /376394-
-) 8,;3/-9: C8 .3= ?
43; .379/: 69:C8 .3= ?
43; ,8:
.-. .3 ;3.: .- 9-6?4,=0 .379/:69:C8 .3
=07 :87,;07 > ,8:.-. =:43/-= .3 9-.- :
87,;0
45

:3= 023/3843 73=399:


08-.0 9087:
.3/- A,3 6-/- 3I 39,4-/ =- -94:D:.-. .353 :89=,:
/ 04/0
:
87,;0 60./B 90=09-/=0 63/0 3743 80 0/:
<:8-/B 9-;5:07 38 =07 6/39:07 9087:
<8-.07 38 =-
023/4- 6/37384-.-

:73 6/37384-8 -94: D:.-.37 -.: 9:08-=37 0 90;6=3;384-/: -7 .,/-843 =- 3I39,9: C8 .3 =-7
05/-7 9,>07 6/39: 07 ,8:4-/:
07 2:I
07 80 6,3.38 73/ 3=-50/-.07 908 =07 -8B=: 7:7 .3 6/39:07
,8:4-/:07 9084/-94,-=37 73 .3538 6/37384-/ - % 6-/- -6/05-9: C8
-8437 .3 3I 39,4-/ =-7 05/-7 =07 8,3D07 -8B=:7:
7 .3 6/39:
07 90893/4-.07 384/3 =- :843/D3840/?
-
> 3= 9084/-4:
74- .3 -9,3/.0 - =- /3-=: .-. .3= ;3/9-.0 38 4:3;60 > F609-

343 $%&% $ * # A +

353 6/37384-/73 .3 -9,3/.0 -= 20/;-40 83E0 0$

3:8.:9-/B8 =07 6/39: 07 ,8: 4-/:


07 .3 =07 .:
23/38437 ?
43;7 -7?90;0 =07 D-=0/37 A,3 /37,=438 .3
;,=4:
6=:
9-/ =-7 /376394: D-7 9-84: .-.37 .3 05/- 60/ =07 6/39:
07 ,8:
4-/:07 =07 D-=0/37 6-/9:-=37
.3 9-.- 9-6? 4,=0 > 3= 6/39:0 404-=

-/- 7, .:
=:
<389:
-;:
3840 73 .3538 4383/ 38 9,384- =07 7:
<,:
38437 -7639407)

3<:74/-/ 3= 6/39:
0 .3= -8B=:
7:7 ,8:4-/:
0 -I
,74-.0 -= 6370 -= 2/3843 .3 9-.- ,80 .3 =07 ? 43;7
> 9-84:.-.37 -==?9087: <8-.-7 07 D-=0/37 .3538 -6/0E: ;-/73 -= 6370 7:
<,: 3843 7:=- 9:
2/-
.39:;-= 37 M 0 ;->0/ > -= 6370 -843/: 0/ 7:=- 9:
2/- .39:;-= 37 ;380/ .3 M 8 40.0
9-70 3= -I ,743 80 60./B 60/ 8: 8<L8 ;04: D0 3E93.3/ 3= 6/37,6,3740 02:9:-= 70 638- .3 73/
/39@-G-.0

-=9,=-/ =07 D-=0/37 6-/9:


-=37 > 3= 6/37,6,3740 404-= *-I
,74-.07 -= 6370+

8 3= J 83E0 0 $K 80 6,3.3 D-/: -/73 7, 908438:.0 38 =0 A,3 /376394- - =- 8,;3/-9: C8


.3= ?43; 4/-79/:
69:
C8 =:
43/-= .3 =- .379/:69:C8 .3= ?
43; ,8:.-. .3 ;3.: .- 9-84: .-. 0 2-=4-
.3 ?43;7

:=- 9-84:
.-. .3= 43; 80 90//37608.3 - =- .: 76,374- 60/ 3= 83E0 0 $ 384/3<-.0 60/
* 73/B 90//3<:
.- > 73 =3 @-/B =- 90//37608.:
3843 063/-9:
C8 -/:
4;F4:
9-

36 * * > + . *

* -.I
,.:
9-/B 3= 9084/-40 .3 -9,3/.0 - =0 6/3D:
740 38 3=
-/4?
9,=0 # .3 =- =3> $$M .3 38 =- 239@- 374-5=39:
.- 38 3= 9/080</-;- .3=
6/09370

= 6=-G0 6-/- =- 2:
/;- .3= 9084/-40 73/B .3 -9,3/.0 -= 9/080</-;- 374-5=39:
.0 38
=07 .3 908.: 9:0837

Si el adjudicatario no suscribe el contrato correspondiente dentro del término señalado EL MUNICIPIO DE LEBRIJA y no lo
legaliza dentro de los (05) cinco días hábiles siguientes al perfeccionamiento del mismo, la , sin menos cabo de las acciones
legales conducentes al reconocimiento de perjuicios causados.
46

En este evento, EL MUNICIPIO DE LEBRIJA mediante acto administrativo debidamente motivado podrá llevar a cabo una
nueva adjudicación.

39 )*

= 9084/-4:
74- .353/B 040/<-/ =-7 <-/-84?-7 83937-/:-7 - 4/-DF7 .3 =07 ;39-8: 7;07
73H-=-.07 38 3= /4:
9,=0 & .3= 39/340 .3 > - 2-D0/ .3= ,8:9: 6:
0 .3 35/: I-
-;6-/-8.0 3= 9,;6=: ;:3840 .3 =-7 05=:
<-9:
0837 A,3 7,/I
-8 908 09-7:C8 -= 9084/-40 .3 =-
05/- -7?)

$ C=:G-7 .3 ,;6=: ;:3840) 0/ D-=0/ 3A,: D-=3843 -= $ N .3= D-=0/ .3= 9084/-40 908
D: <389: -: <,-= -= 4F/;:80 .3= 9084/-40 > 4/37 *&+ ;3737 ;B7 9084-.07 - 6-/4: / .3= -94-
.3 : 8:9:-9:C8
/374-9: 0837 09: -=37) 0/ D-=0/ 3A,: D-=3843 -= MN .3= D-=0/ .3= 9084/-40 908 D: <389: -
:<,-= -= 4F/;: 80 .3= 9084/-40 > 4/37 *&+ -H07 ;B7
& 84: 9:
60) 0/ ,8 D-=0/ 3A,: D-=3843 -= $ N .3= ;0840 .3= -84: 9:
60 D:<3843 @-74- =-
=:
A,: .-9: C8 .3= 9084/-40
3 376087-5: =:
.-. : D:
= > E4/-O9084/-94,-=) 0/ D-=0/ 3A,: D-=3843 - > 908
,8- D: <389: -:<,-= -= 4F/;: 80 .3= 9084/-40
M 74-5:=:
.-. > -=: .-. .3 =- 5/-) A,: D-=3843 -= D3:
843 * N+ 60/ 9: 3840 .3= D-=0/ 2:8-=
.3= 9084/-40 908 D: <389:- .3 9:890 *M+ -H07

:3= 73 8:3<- - 90874:


4,:/ =-7 <-/-84?
-7 38 =07 4F/;:
807 9,-84? -7 > .,/-9: C8
374-5=39:
.-7 38 374- 9=B,7,=- 3= .-/B 60/ 43/;:8-.0 3= 9084/-40 38 3= 374-.0
38 A,3 73 389,384/3 7: 8 A,3 60/ 3743 @39@0 .35- /3908093/ 0 6-<-/ : 8.3;8: G-9:C8
-=<,8- -=

) * * * *

3/- 05=:
<-9:C8 .3= 9084/-4:
74- ;-84383/ :
8.3;83 -= % .3 9,-=A,:3/
/39=-;-9: C8 6/0D38:3843 .3 43/93/07 A,3 438<- 90;0 9-,7- =-7 -94,-9:
0837 .3=
9084/-4:
74-

3: ) +) )

-7 6-/437 908D: 3838 A,3 60/ 3= : 89,;6=: ;:3840 .3 =-7 05=: <-9: 0837 9084/-94,-=37 73
-6=:9-/B8 .3 90820/;: .-. 908 =0 374-5=39: .0 38 3= -/4?9,=0 $ .3 =- =3> $$M .3 > 908
3= 2:8 .3 908;: 8-/ -= 9084/-4: 74- - 9,;6=: / -.39,-.-;3843 908 3= 05I 340 9084/-4-.0
:;6083/ =-7 90//37608.: 38437 ;,=4-7 A,3 73 -6=: 9-/B8 .3 =- 7: <,:3843 20/;-) -+ 8- 7,;-
3A,: D-=3843 -= $ MN .3= D-=0/ 404-= .3= 9084/-40 60/ 9-.- : 89,;6=:;: 3840 6/37384-.0 38 =-
6/0</-;-9: C8 .3 05/- 0 60/ ;-= 6/093.: ;: 3840 90874/,94: D0 A,3 908==3D3 908739,389: -7
83<-4: D-7 38 =- 80/;-= 3I 39,9:C8 .3 =- ;:7;- + 8- 7,;- 3A,: D-=3843 -= $N .3= D-=0/
404-= .3= 9084/-40 2/3843 -= : 89,;6=: ;:3840 .3 05=: <-9: 0837 9084/-94,-=37 .3 9-/B943/
-.;: 8:74/-4:
D0 4-=37 90;0) $ !0I -7 .3 D:.- .3= 63/708-= 6/0237: 08-= 874-=-9:C8 .3 =-
D-==- & 0 7,;: 8:
74/-/ =- :
820/;-9: C8 4F98:9- -.;: 8:74/-4:
D- > 2:
8-89: 3/- .3= 6/0>3940 0
-7:74:
/ - =-7 9:4-9:
0837 .3 * 0/.38-.-7 60/ 379/: 40 M 0 6/37384-/ =-
/36/0</-;-9: C8 .3 05/- > 3= 6=-8 .3 9084: 8<389: - .384/0 .3= 6=-G0 /3A,3/: .0 60/
* - 7-89:C8 .3 A,3 4/-4- 3= 6/373843 =: 43/-= 73/B 90;6,4-.- .3
47

;-83/- 7,937: D- 7:8 A,3 =- ;:


7;- 3E93.- 3= $ N .3= D-=0/ 404-= .3= 9084/-40 - 6-/4: / .3=
.?- 7:
<,: 3843 38 A,3 .35: C 9,;6=:/73 908 =- /376394:D- 05=:
<-9:C8 + ,8- 7,;- 3A,: D-=3843
-= $ MN 60/ 9-.- .? - .3 /34-/.0 38 =- 384/3<- .3 =- 05/- .3 90820/;: .-. 908 =0
374-5=39: .0 38 =- 9=B,7,=- 094-D- .3= 6/373843 9084/-40 - 7-89: C8 .3 A,3 4/-4- 3=
6/373843 =:43/-= 73/B 90;6,4-.- .3 ;-83/- 7,937: D- 7:8 A,3 =- ;:
7;- 3E93.- 3= $ N .3=
D-=0/ 404-= .3= 9084/-40 - 6-/4:
/ .3= .?- 7:
<,: 3843 38 A,3 .35:C 9,;6=:
/73 908 =- /376394:D-
05=:<-9: C8

3 90820/;: .-. 908 =0 -8437 3E6,3740 * A,3.- 2-9,=4-.0 6-/-


.379084-/ .: /394-;3843 .3 =07 7-=.07 - 2-D0/ .3= 9084/-4:
74- > 7:
8 83937:.-. .3 90874:4,:/ 38
;0/- -= ;: 7;0 =- 7,;- 3A,: D-=3843 A,3 .3 90820/;: .-. 908 =0 374-5=39: .0 38 3= 6/373843
43E40 73 =:
A,:.3 60/ 90893640 .3 =- 90//37608.: 3843 7-89:C8 639,8: -/:
-

* ) ? 08 3= 2:
8 .3 -6/3;: -/ -= 60/ 3= @39@0 .3
.39=-/-/73 =- 9-.,9: .-. -.;: 8:
74/-4:
D- 0 73 .39=-/3 3= : 89,;6=: ;:3840 .32: 8:
4:D0 .3=
9084/-40 =-7 6-/437 908D: 3838 6-94-/ - 4? 4,=0 .3 9=B,7,=- 638-= 639,8: -/:
- ,8- 7,;-
3A,: D-=3843 -= D3:843 60/ 9:3840 * N+ .3= D-=0/
.3= 9084/-40 7: 8 63/I,:
9:0 .3 A,3 3= .35- 9,;6=: / 908 =- 05=:<-9:C8 6/:89:6-= >
.3 =-7 -99: 0837 I ,.:9:-=37 - A,3 @->- =,<-/ 9,-8.0 3= 63/I ,: 9:0 /37,=43 ;->0/ -7 7,;-7
A,3 73 .3/:D38 .3 =- -6=: 9-9:C8 .3 =- 9=B,7,=- 638-= 639,8: -/:- 374-5=39: .- 38 3= 6/373843
6-/B</-20 73 6-94- - 4? 4,=0 .3 638- 80 .3 : 8.3;8: G-9:C8 /-GC8 60/ =- 9,-=
* 73 /373/D- 3= .3/39@0 .3 /39=-;-/ -= 3= 6-<0 .3 =07 63/I,:9:07 A,3
7, :
89,;6=: ;: 3840 =3 @,5: 373 09-7:08-.0

-7 7-89:
0837 639,8: -/:
-7 374-5=39: .-7 73 @-/B8 32394: D-7 .3 ;-83/- .: /394- 60/
* .379084-8.0 3= D-=0/ A,3 /37,=43 .3 =-7 ;: 7;-7 .3 =07 7-=.07
638.:38437 - 2-D0/ .3= 9084/-4:
74- >S0 60/ 9,-=A,:
3/ 04/0 ;3.:0 -,40/:
G-.0 60/ =- =3>

) ) ) ) ) = D-=0/ .3 =-7 7-89:


0837 - A,3 73 /32:
3/3 3=
6/373843 43E40 :
8</37-/B -= 370/0 -9:
08-= - 4/-DF7 .3 =- 370/3/? - .3 *

* !1 8- D3G 73 @- D3/: 2:
9-.0 3= /34/-70 38 =-
6/0</-;-9: C8 .3 05/- * /3A,3/:
/B 60/ 379/:40 -= 9084/-4:
74- 6-/- A,3
7,743843 =- /-G0837 .3= :
89,;6=:;: 3840 5+ ,8- D3G D389: .0 3= 6=-G0 6-/- 3= 9,;6=: ;:3840 .3
=-7 05=:
<-9: 0837 9084/-94,-=37 > 3= 6=-G0 .3 384/3<- .3 =- 05/- .379/: 4-7 38 3= 6/373843
43E40 * /3A,3/: /B 60/ 379/:
40 -= 9084/-4:74- 6-/- A,3 7,743843 =-
/-G0837 .3= : 89,;6=: ;: 3840 A,3 38 40.0 9-70 .353/B8 73/ @39@07 3E: ;38437 .3
/376087-5: =:.-. 9084/-94,-= 6-/- :8@:5:/ =- -6=:
9-9:C8 .3= 6/373843 43E40

8 3= 3D3840 .3 6/37384-/73 ;0/- 38 =07 6-<07 * - 70=:


9:4,. .3=
=3 /3908093/B : 843/3737 .3 ;0/- - ,8- 4-7- 3A,:
D-=3843 -= .05=3 .3= :843/F7
=3<-= 9:D:= 705/3 3= D-=0/ @:
74C/:
90 -94,-=:G-.0 38 9-=:.-. .3 :8.3;8: G-9:C8 .3 63/I ,:9:07
404-=37

38 ) ) )
48

= 084/-4:74- 6-<-/B 3= D-=0/ 3E-940 60/ 90893640 .3 40.07 =07 : ;6,37407 4-7-7 >
7:
;:=-/37 A,3 73 .3/:
D38 .3 =- 3I39,9:C8 .3= 9084/-40 84/3 37407 438./B 38 9,384- 3=
;6,3740 .3 : ;5/3 3= 9,-= .353/B 6-<-/=0 7: - 3==0 @-> =,<-/ > 7, 6-<0 .353/B
32394,-/73 38 =- ;:
7;- 239@- 38 A,3 73 7,79/:5- 3= 9084/-40 > - =- 4-/:
2- -6=:
9-5=3 A,3
73H-=3 =- 3> D:
<3843 -= ;0;3840 .3 7,79/:
69:
C8 .3= 9084/-40

7?;:7;0 .353/B 4383/ 38 9,384- =- 3> $$ U .3 U A,3 374-5=39:


C A,3 40.07 =07
9084/-4:74-7 .353/B8 6-<-/ ,8- 9084/: 5,9:C8 3A,: D-=3843 -= MN .3= D-=0/ 404-= .3=
9084/-40 9,-8.0 3= 9084/-40 93=35/-.0 73- .3 05/- 6L5=: 9- -7?;:7;0 60/ .:7607:9:C8
=3<-= 73 -6=:9- 3= ;:
7;0 60/9384-I3 - =07 9084/-407 -.:9:08-=37 :9@0 60/9384-I 3 73/B
.379084-.0 .3 9-.- 6-<0 73 /3-=:93 -= 9084/-4:
74-

3 7 *

* * -778 ) ) *

84/3 =07 7,79/:407 - 7-53/ ,,,,,,,,,,,,,,,,,,,,,, ;->0/ .3 3.-. : .384:2:9-.-


908 9F.,=- .3 9: ,.-.-8? - 0 & UMU # 3E63.: .- 38 38 .3=3<-.0 6-/- 7,79/: 5:/
9084/-407 73<L8 /370=,9: C8 0 2-9,=4-.0 6-/- 93=35/-/ 3= 6/373843 9084/-40 73<L8
9,3/.0 ,8: 9:6-= 0 EEEEEEEEEEEEEEEEE.3 # A,:38 38 -.3=-843 73 .380;: 8-/B
60/ ,8- 6-/43 > 60/ =- 04/- AAAAAA> 908 EEEEEE /36/37384-.- =3<-=;3843
60/ AAAAAAA> .384: 2:
9-.0 .384: 2:
9-.0 908 F.,=- .3 : ,.-.-8? - 0 EEEEEEE .3 EEEEEEE
A,: 38 38 -.3=-843 73 .380;: 8-/B @3;07 908D38: .0 93=35/-/ 3= 6/373843
9084/-40 .3 6-/- =- 9084/-4-9: C8 : 9:
4-9:08 ,5=: 9- ;380/ 9,-84: - .3 =
> 6/3D: -7 =-7 7:
<,:38437 9087: .3/-9: 0837) ,3 = ,8: 9:
6:0 .3 35/: I- 4:383
:879/:40 38 3= -890 .3 /0>39407 3= 6/0>3940 EEEEEEEEEEEEEEEEEE
% 5-I 0 3= 8L;3/0 OU OU #OEEEE .3= VVV .3 VVV .3 ,3 73
-.3=-84C 6/09370 .3 73=399: C8 60/ =- ;0.-=: .-. .3 9084/-4-9: C8 .3 ;? 8:
;- 9,-84? ->
-6=: 9-8.0 =0 73H-=-.0 38 3= -/4? 9,=0 U .3= 39/340 .3 0 ,3 73 @- 9,;6=: .0
908 =07 /3A,: 7:407 .3 0/.38 I ,/?.:90 -.;: 8:74/-4:D0 > 6/37,6,374-= A,3 0/.38- 3= 74-4,40
.3 084/-4-9: C8 3> .3 $##& 3> $$M .3 > 3= 39/340 .3 > .3;B7
80/;-7 90890/.-8437 3 ,3 3= ,8:
9: 6:0 .: 76083 .3 =07 /39,/707 6-/- 9-893=-/ 3=
90;6/0;: 70 .A,: .0 4
/: ,3 3= 9084/-4: 74-> 37 ,8- 63/708- : .C83- > 9-6-G 6-/-
/3-=:G-/ =07 4/-5-I 07 05I 340 .3 3743 9084/-40 60/ 9,-840 9,;6=: C - 9-5-=: .-. 908 =07
/3A,: 7:407 3E:<: .07 38 =07 4F/;: 807 .3 /323/389: - .3= 6/09370 .3 73=399: C8 6 ,3 3=
39/34-/: 0 .3 =-83-9: C8 3 82/-374/,94,/- ,8:9:6-= 93/4: 2:9C =- 060/4,8: .-. >
908D38: 389:- .3= 05I 340 - 9084/-4-/ 9 ,3 3= 6/373843 9084/-40 73 /: <3 60/ =-7 80/;-7
908438: .-7 38 =- 3> .3 $##& 3> $$M .3 > 39/3407 3<=-;384-/: 07 > =-7
7:<,:38437 9=B,7,=-7 5 ) ? ) 73 05=:
<- 6-/- 908 3=
- /3-=: G-/ " $ ! ! $ J
% * +K .3
90820/;: .-. 908 =0 3E6/37-.0 38 =- 6/06,374- .3= 9084/-4: 74- =- 9,-= @-93 6-/43 : 843</-=
.3 3743 .09,;3840 5 * 73
49

05=: <- 908 3= ,8: 9:6:0 - /3-=: G-/ =07 4/-5-I 07 :8.: 9-.07 38 =- 6/06,374- =- 9,-= @-93
6-/43 : 843</-= .3= 6/373843 9084/-40 =07 9,-=37 .3538 73/ 3I 39,4-.07 - 9-5-=: .-. .3
90820/;: .-. 908 =-7 9-84: .-.37 .3 05/- > 6/39: 07 ,8: 4-/:07 6/3D: -;3843 -6/05-.07 60/
=- 39/34-/? - .3 =-83-9: C8 ,8: 9:6-= 5 ) * 5
73 90;6/0;343 - : 874-=-/ 38 3= 7: 4:0 .3 3I 39,9: C8 .3 =-7 05/-7 ,8- D-==-
6,5=: 9:
4-/: - A,3 : 8.: A,3 3= 80;5/3 .3= 9084/-4-843 80;5/3 .3= 9084/-4: 74- -60/4-843 .3
=07 /39,/707 7:37407 708 6/0D38: 38437 .3 908D38: 07 .3 902: 8-89: -9: C8 0 7:73 4/-4- .3=
,8: 9:
6: 0 7:- 3==0 @,5: 3/3 =,<-/ 5 ) ) * * = D-=0/ .3=
6/373843 9084/-40 37 60/ =- 7,;- .3 AAAAAAAAAAAAA ) * ) ) /XAAAAA777 1
M ? .39=-/- A,3 3= 6/39: 0 .343/;: 8-.0 38 374- 9=B,7,=- : 89=,>3
40.07 =07 907407 .: /39407 3 : 8.: /39407 /3A,3/: .07 6-/- =- 3I 39,9: C8 .3 =- 05/- 0/ 4-840 =
80 /3908093/B 7,;-7 .: 23/38437 - =-7 -A,?3E6/37-.-7 60/ =- 3I 39,9: C8 .3 =-7
;: 7;-7 > .3 =0 374-5=39: .0 6-/- =07 907407 : ;6/3D: 7407 09-7: 08-.07 60/ /34-/.07 38 =07
6-<07 -7?90;0 =07 A,3 73 0/: <:838 38 =- /3D: 7:C8 .3 =07 6/39: 07 6-94-.07 60/ /-GC8 .3
=07 9-;5: 07 0 -=43/-9: 0837 38 =-7 908.: 9:0837 : 8:9: -=37 .3= 9084/-40 5 ) c
* + . * * = 6=-G0 .3 3I 39,9: C8 37
.39: / 3= 4F/;: 80 .,/-843 3= 9,-= 73 90;6/0;343 - 3I 39,4-/ > 384/3<-/ -
3843/- 7-4: 72-99: C8 .3 = =- 404-=:.-. .3 =- 05/- 05I 340 .3= 6/373843 9084/-40
73/B ) /01 ) 9084-.07 - 6-/4: / .3= 9,;6=: ;: 3840 .3 =07 /3A,: 7:407 .3 3I 39,9: C8 .3=
9084/-40 > =- D: <389: - .3= 9084/-40 73/B 3= 4F/;: 80 .3 4: 3;60 .343/;: 8-.0 6-/- 3D-=,-/
60/ 6-/43 .3 = =- 3I 39,9: C8 9084/-94,-= -.3=-84-/ =-7 -99: 0837 83937-/: -7
6-/- -73<,/-/ 3= 9,;6=: ;: 3840 .3= 05I 340 9084/-4-.0 0 : ;6083/ =-7 7-89: 0837 38 3=
3D3840 9084/-/: 0 5 -/- =- 7,79/: 69: C8 .3= -94- .3 : 8:9:0 73
/3A,3/: /B 6/3D: -;3843 A,3 @->- 9,;6=: .0 908 =07 /3A,: 7:407 .3
3I 39,9: C8 374-5=39: .07 60/ =- =3> 73 05=: <- - : 8: 9:-/ =- 3I 39,9: C8 .3 =-7
05/-7 - 6-/4: / .3= .? - @B5: = 7:<,: 3843 - =- 7,79/: 69: C8 .3= -94- .3 : 8:9: -9: C8 7,79/: 4- 908 3=
:843/D3840/ .3 =- 05/- 5 ) c) * ) )
) ) ) = 6-<-/B 3= <-740 A,3 09-7: 083 3= 6/373843 9084/-40 908
9-/<0 -= /37,6,3740 383/-= .3 384-7 > -7407 .3 = 73<L8 3/4: 2:9-.0 .3
:
7608: 5: .-. /37,6,374-= 0 777,,,, %D !",,,,,, 90//37608.:
=: 3843 - =- D: <389: -
2:79-= .3 # .3 239@- VVV.3 VVVV .3 # 3E63.: .0 60/ =- 39/34-/? - .3 !-9: 38.- .3=
,8: 9:
6: 0 5 ) 2 c * = 6-<-/B -
3= D-=0/ 374: 6,=-.0 38 =- 9=B,7,=- -843/: 0/ 38 =- 7: <,: 3843 20/;-) 3-=: G-.0 3= 9,;6=: ;: 3840
.3 =07 /3A,: 7:407 .3 =3<-=: G-9: C8 .3= 9084/-40 73 .-/B ,8 -84: 9: 60 .3= M N .3= D-=0/ .3=
9084/-40 > 3= /374-843 M N 38 -94-7 6-/9: -=37 6/3D: - .: 7608: 5:=:
.-. 38 9-I - > D: 740 5,380
.3= : 843/D3840/ 5 ) ) , c) ) ) 0/ 9: /9,874-89: -7 .3 2,3/G-
;->0/ 0 9-70 20/4,: 40 73 60./B .3 90;L8 -9,3/.0 384/3 =-7 6-/437 7,7638.3/
43;60/-=;3843 =- 3I 39,9: C8 .3= 9084/-40 ;3.: -843 =- 7,79/: 69: C8 .3 ,8 -94- .08.3
908743 4-= 3D3840 7: 8 A,3 6-/- =07 3239407 .3= 6=-G0 3E4: 84:D0 73 90;6,43 3= 4: 3;60 .3 =-
7,76387: C8 8 3743 9-70 6/0//0<-/B =- D: <389: - .3 =- <-/-84? - L8: 9- 60/
,8 4F/;: 80 : <,-= -= .3 =- 7,76387: C8 8 3= -94- .3 7,76387: C8 73 3E608./B8 =07 ;04: D07
A,3 @->-8 .-.0 =,<-/ - =- ;: 7;- =- 05=: <-9: C8 .3 .3 6/0//0<-/ =-
D: <389: - .3 =- <-/-84? - L8: 9- 60/ ,8 4F/;: 80 : <,-= -= .3 =- 7,76387: C8 > 73 2: I-/B =- 239@-
38 =- 9,-= 73 /3: 8:9:-/B =- 05/- 5 ) ) c ) * ) -=D0 =0
.: 76,3740 38 =- 3> .3 $##& -/4? 9,=0 $U 705/3 ;0.: 2:
9-9: C8 ,8: =-43/-= 9,-8.0 @->-
83937: .-. .3 : 84/0.,9: / ;0.: 2:
9-9: 0837 38 3= .: 73H0 6=-807 0 37639: 2:
9-9: 0837 A,3 D-/? 38
37389: -=;3843 3= 6=-8 .3 4/-5-I 0 0 73 6-9438 ;->0/37 9-84: .-.37 .3 05/- 0 =- 3I 39,9: C8
.3 05/-7 80 37639: 2:
9-.-7 38 3= 9084/-40 63/0 90;6/38.: .-7 38 7, 05I 340 A,3 @-<-8
50

83937-/: 0 ;0.: 2:
9-/ 3= 6=-G0 0 3= D-=0/ 908D38: .0 > 80 73 4/-43 .3= /3-I ,743 .3 =07 6/39: 07
6/3D: 7407 38 =- 9=B,7,=- 094-D- .3 3743 9084/-40 73 7,79/: 5:/B ,8 9084/-40 -.: 9:08-= 9,>0
D-=0/ 80 60./B 3E93.3/ =- 9: 2/- /37,=4-843 .3 7,;-/ =- ;: 4-. .3 =- 9,-84? - 0/:<: 8-=;3843
6-94-.- 3E6/37-.- F74- 38 7-=-/: 07 ;? 8:;07 =3<-=37 ;387,-=37 *
+ 07 9084/-407 -.: 9:08-=37 /3=-9: 08-.07 908 3= D-=0/ > 3= 6=-G0 A,3.-/B8
63/2399: 08-.07 ,8- D3G 7,79/: 407 F7407 > /3A,: 3/38 6-/- 7, 3I 39,9: C8 3= /3<: 74/0
6/37,6,374-= 9,-8.0 73 4/-43 .3 -.: 9:0837 38 D-=0/ > =- -6/05-9: C8 .3 =- -.: 9:C8 >S0
6/C//0<- .3 =- <-/-84? - L8:9- .3 9,;6=: ;:3840 ,-8.0 73 4/-43 .3 9084/-407 -.: 9: 08-=37
6-/- ;0.: 2:
9-/ 3= D-=0/ 60/ ,8 8L;3/0 ;->0/ .3 .3 =07 : 8: 9:-=;3843 6-94-.07 0 60/
=- : 89=,7: C8 .3 ,807 8,3D07 37407 73 374-5=393/B8 .3 90;L8 -9,3/.0 384/3 =-7 6-/437
40;-8.0 90;0 5-73 6-/- 7, -8B=: 7:
7 =-7 908.: 9:0837 <383/-=37 .3= ;3/9-.0 -= ;0;3840
.3 6-94-/73 3= 9084/-40 -.: 9:08-= 3==0 908 3= 2: 8 .3 ;-84383/ 3= 3A,: =:
5/:0 3908C;: 90 .3=
;: 7;0 4-840 6-/- 4-/: 2-7 /38.: ;: 38407 6/39: 07 .3 ;-43/: -=37 I 0/8-=37 907407 .: /39407
349 3/B /3A,: 7:
40 : 8.: 76387-5=3 6-/- A,3 6,3.- : 8:9:-/73 =- 3I 39,9: C8 .3= 9084/-40
-.: 9:08-= 7, 63/2399: 08-;: 3840 -.: 9:C8 >S0 6/C//0<- .3 =- <-/-84? - L8: 9- > -6/05-9: C8
.3 =- ;: 7;- > -.3;B7) 3= 6-<0 .3 =07 : ;6,37407 /376394: D07 > =- 6,5=: 9-9: C8 38 =-
-934- 0 : -/: 0 2: 9:-= .3 =- 384:.-. 90//37608.: 3843 5 ) ?
* ) + ) ) * ) * ) 37 3= L8: 90
/376087-5=3 60/ =- D: 89,=-9: C8 .3 63/708-= =- 9,-= /3-=: G- 38 7, 6/06: 0 80;5/3 60/ 7,
9,384- > /: 37<0 7: 8 A,3 = -.A,: 3/- /376087-5: =:
.-. -=<,8- 60/ .: 9@07 -9407
0/ =0 4-840 90//37608.3 - 3= 6-<0 .3 =07 7-=-/: 07 937-84? -7 6/374-9: 0837
709: -=37 3 : 8.3;8: G-9: 0837 - A,3 @->- =,<-/ 5 ) c )
7C=0 60./B 93.3/ 3= 6/373843 9084/-40 908 6/3D: - -,40/: G-9: C8 379/: 4- .3 =
5 ) * c) ) 7C=0 60./B 7,59084/-4-/
40.0 -A,3==0 A,3 80 : ;6=:A,3 =- 3I 39,9: C8 .3 40.0 3= 05I 340 .3= 6/373843 9084/-40 908
-,40/: G-9: C8 6/3D: - > 379/:4- .3 = 8 3= 43E40 .3 =07 7,59084/-407 -,40/: G-.07
73 .3I -/B 90874-89: - .3 A,3 73 384: 38.38 93=35/-.07 .384/0 > 7: 8 63/I ,:9:0 .3 =07
4F/;: 807 .3 F743 9084/-40 > 5-I 0 =- 3E9=,7: D- /376087-5: =:
.-. .3 =
60./B 0/.38-/ =- 43/;: 8-9: C8 .3= 7,59084/-40 38 9,-=A,: 3/ 4:
3;60 7: 8 A,3
8:3= ,59084/-4: 74- 438<-8 .3/39@0 - /39=-;-/ : 8.3;8: G-9: C8 .3 63/I ,:9:07
0 - : 874-,/-/ -99: 0837 9084/- = 60/ 374- 9-,7- 5 ) * c
- 843/D3840/? - .3= 6/373843 9084/-40 73/B 3I 3/9: .- 60/ : 843/D3840/
3E43/80 .37: <8-.0 6-/- 3==0 = :843/D3840/ 80 60./B 3E083/-/ - .3
8:8<,8- .3 =-7 05=: <-9: 0837 0 .353/37 9084/-94,-=37'4-;6090 60./B 7: 8 -,40/: G-9:C8
379/: 4- 6/3D: - .3 = 0/.38-/ 4/-5-I 0 -=<,80 A,3 4/-: <- 9087: <0 D-/: -9: 0837 38
3= 6=-G0 0 38 3= D-=0/ .3= 9084/-40 8:32394,-/ 8: 8<,8- ;0.: 2:9-9: C8 .3 =- 9089369: C8 .3=
.:73H0 .3 =-7 05/-7 9084/-4-.-7 = : 843/D3840/ /39@-G-/B 40.07 -A,3==07 4/-5-I 07 0
;-43/: -=37 A,3 80 /3L8-8 =-7 908.: 9: 0837 3E: <:.-7 38 =07 .09,;38407 .3= 9084/-40 >
73 05=: <- - 3I 39,4-/ - 7, 9074- =07 9-;5: 07 > ;0.: 2:9-9: 0837 A,3 73-8
83937-/: 07 6-/- 3= 374/: 940 9,;6=: ;: 3840 .3 =0 6-94-.0 38 F743 .09,;3840 :
73 8: 3<- - 3I 39,4-/ =07 9-;5: 07 > ;0.: 2:9-9: 0837 : 8.: 9-.-7 60/ 3=
:843/D3840/ = 60./B 3I 39,4-/=07 .: /394-;3843 0 60/ : 843/;3.: 0 .3 43/93/07
9-/<-8.0 =07 <-7407 A,3 374-7 90//399: 0837 09-7: 0838 - 7:8 63/I,: 9:0 .3
=-7 ;,=4-7 > 7-89: 0837 - A,3 @->- =,<-/ 5 ) * * c *
73 05=: <- - 3I 39,4-/ =-7 05/-7 05I 340 .3= 6/373843 9084/-40 .3 -9,3/.0 908
=07 6=-837 > 6/0</-;-7 <383/-=37 .3 4/-5-I 0 =: 89,;6=: ;: 3840 .3 =07 4/-5-I 07 -9-//3-/B -
=-7 7-89: 0837 A,3 73 374-5=3938 38 3743 9084/-40 5 ) *
c <) = 9084/-4: 74- .353/B 040/<-/ =-7 <-/-84? -7 83937-/: -7 - 4/-DF7
51

.3 =07 ;39-8: 7;07 73H-=-.07 38 3= /4: 9,=0 & .3= 39/340 .3 > - 2-D0/ .3=
,8:9: 6:0 .3 35/: I
- -;6-/-8.0 3= 9,;6=: ;: 3840 .3 =-7 05=: <-9: 0837 A,3 7,/I -8 908
09-7: C8 -= 9084/-40 .3 =- 05/- -7?$ C=: G-7 .3 ,;6=: ;: 3840) 0/ D-=0/ 3A,: D-=3843 -= $ N
.3= D-=0/ .3= 9084/-40 908 D: <389: -: <,-= -= 4F/;: 80 .3= 9084/-40 > 4/37 *&+ ;3737 ;B7
9084-.07 - 6-/4: / .3= -94- .3 : 8: 9:-9: C8 /374-9: 0837 09: -=37) 0/ D-=0/ 3A,: D-=3843 -=
MN .3= D-=0/ .3= 9084/-40 908 D: <389: -:<,-= -= 4F/;: 80 .3= 9084/-40 > 4/37 *&+ -H07 ;B7 &
84:9: 60) 0/ ,8 D-=0/ 3A,: D-=3843 -= $ N .3= ;0840 .3= -84: 9: 60 D: <3843 @-74- =-
=:A,:.-9: C8 .3= 9084/-40 3 376087-5: =:
.-. :D:= > E4/-O9084/-94,-=) 0/ D-=0/
3A,: D-=3843 - > 908 ,8- D: <389: -: <,-= -= 4F/;: 80 .3= 9084/-40 M 74-5: =:
.-. >
-=:
.-. .3 =- 5/-) A,: D-=3843 -= D3: 843 * N+ 60/ 9: 3840 .3= D-=0/ 2: 8-= .3= 9084/-40 908
D: <389: - .3 9: 890 *M+ -H07 3/- 05=: <-9: C8 .3= 084/-4:74- ;-84383/ : 8.3;83 -=
% .3 9,-=A,: 3/ /39=-;-9: C8 6/0D38: 3843 .3 43/93/07 A,3 438<-
90;0 9-,7- =-7 -94,-9: 0837 .3= 9084/-4: 74- 5 ) * c
> * + ) ,-8.0 7,/I -8 ;04: D07
60743/: 0/37 -= 63/2399: 08-;: 3840 .3= 9084/-40 A,3 @: 9:3/38 83937-/: - =- : 843/6/34-9: C8
;0.: 2:9-9: C8 > 43/;: 8-9: C8 ,8: =-43/-=37 .3 F743 73 .-/B -6=: 9-9: C8 - =0 .: 76,3740 38 =07
-/4?9,=07 $M $U > $ .3 =- 3> .3 $##& 5 ) * 2 c ) 8 9-70
.3 ;0/- 0 .3 : 89,;6=: ;: 3840 6-/9: -= .3 =-7 05=: <-9: 0837 9084/-94,-=37 - 9-/<0 .3
F743 -,40/: G- 3E6/37-;3843 ;3.: -843 3= 6/373843 .09,;3840 - =
6-/- 32394,-/ =- 4-7-9: C8 > 905/0 6/3D: 0 /3A,3/: ;:3840 .3 ;,=4-7 .: -/:
-7
7,937: D-7 .3= ,80 60/ 9: 3840 *$N+ .3= D-=0/ 404-= .3= 9084/-40 7: 8 A,3 F74-7 705/36-738 .3=
$ N .3= D-=0/ 404-= .3= ;: 7;0 - =: A,:.-9: C8 .3 =-7 ;,=4-7 =- 32394,-/B 3= : 843/D3840/ 38 3=
-94- 2: 8-= >S0 .3 /39: 50 .3 =- 05/- 7: 8 :843/37-/ 3= ;0;3840 38 A,3 73 09-7: 0838 > 7,
905/0 73 32394,-/B .379084-8.0 3= D-=0/ .3 =-7 ;: 7;-7 38 3= 6-<0 2: 8-= 8 3= 3D3840 38
A,3 80 6,3.-8 73/ .379084-.-7 060/4,8-;3843 0 80 73-8 6-<-.-7 .384/0 .3= ;37
7:<,:3843 - 7, 4-7-9: C8 60/ 6-/43 73 :89=,: /B8 38 =- =:A,: .-9: C8 32394,-.-
=- 9,-= 6/374-/B ;F/: 40 3I39,4: D0 > 7, 905/0 60./B 32394,-/73 908 9-/<0 - =- <-/-84? -
.3 9,;6=: ;: 3840 3 =-7 ;,=4-7 4-7-.-7 : ;6,374-7 > 905/-.-7 73 : 820/;-/B -
=- B;-/- .3 0;3/9: 0 5 ) * ) , c 5 )
: 73 ==3<-/3 - 7,93.3/ 3= 3D3840 .3 : 89,;6=: ;: 3840 404-= .3
=-7 05=:<-9: 0837 - 9-/<0 F743 .353/B 6-<-/ - 4? 4,=0 .3
:8.3;8: G-9: C8 .3 =07 63/I ,: 9:07 9-,7-.07 3= .: 3G 60/ 9: 3840 *$ N+ .3= D-=0/ 404-= .3=
9084/-40 : 89=,: .07 /3-I ,7437 .3 6/39: 07 D-=0/ A,3 73 60./B .3.,9: / .3= -;6-/0 .3
9,;6=: ;: 3840 040/<-.- 60/ - 4/-DF7 .3 =- 6C=: G- .3 9,;6=: ;: 3840 *
!"
+ 5 ) * ) c 2 * * = 6/373843 9084/-40
73 =:A,: .-/B .3 90;L8 -9,3/.0 60/ =-7 6-/437 9084/-4-8437 .384/0 .3 =07 9,-4/0 * + ;3737
9-=38.-/: 0 9084-.07 - 6-/4: / .3 =- 2: 8-=:G-9: C8 .3= 9084/-40 0 .3 =- 3E63.: 9:C8 .3= -940
-.;: 8: 74/-4:D0 A,3 0/.383 =- 43/;: 8-9: C8 0 - =- 239@- .3= -9,3/.0 A,3 =0 .: 7608<-
* # $ + -;5: F8 38 374- 34-6- =-7 6-/437
-90/.-/B8 =07 -I ,7437 /3D: 7:0837 > /390809: ;:38407 - A,3 @->- =,<-/ 8 3= -94- .3
=:A,:.-9: C8 90874-/B8 =07 -9,3/.07 9089: =:
-9: 0837 > 4/-87-99: 0837 - A,3 ==3<-/38 =-7
6-/437 6-/- 6083/ 2: 8 - =-7 .: D3/<389: -7 6/37384-.-7 > 60.3/ .39=-/-/73 - 6-G > 7-=D0
-/- =- =: A,:.-9: C8 73 3E: <: /B -= =- 3E4387: C8 0 -;6=: -9: C8 7:37 .3= 9-70 .3
=- <-/-84? - .3= 9084/-40 - =- 374-5: =:.-. .3 =- 05/- - =- 9-=: .-. .3= 5: 38 0 73/D: 9:0
7,;: 8: 74/-.0 - =- 6/0D: 7:
C8 .3 /36,37407 > -99370/: 07 -= 6-<0 .3 7-=-/: 07 6/374-9: 0837 3
:8.3;8: G-9:0837 - =- /376087-5: =:
.-. 9: D:= > 38 <383/-= 6-/- -D-=-/ =-7 05=: <-9: 0837 A,3
.35- 9,;6=: / 908 60743/: 0/: .-. - =- 3E4: 89: C8 .3= 9084/-40 5 ) * c
52

2 * : 80 73 6/37384- - =- =:
A,:
.-9:C8 0 =-7 6-/437
80 ==3<-8 - -9,3/.0 705/3 3= 908438:
.0 .3 =- ;:
7;- .384/0 .3= 6=-G0 374-5=39:.0 38 =-
9=B,7,=- -843/: 0/ > =07 7,57:<,:38437 .07 ;3737 73/B 6/-94: 9-.- .:/394- > ,8: =-43/-=;3843
60/ =- 384:.-. > 73 -.064-/B 60/ -940 -.;: 8:74/-4:
D0 ;04: D-.0 7,79364: 5=3 .3= /39,/70 .3
/3607: 9:
C8 5 ) * * ) * 0/;-8 6-/43
:843</-843 .3 F743 9084/-40 =07 7: <,:
38437 .09,;38407) - -7 37639: 2:
9-9: 0837 > 80/;-7
.3 90874/,99: C8'5+ - 6/06,374- .3 '9 + -7 -94-7 .3 ;0.: 2:
9-9: 0837 3
:843/6/34-9:0837 32394,-.-7 60/ = - =07 6=-807 .: 73H07 .: 7607: 9:0837 >
908.: 9:0837 /3=-4:D-7 -= 6/373843 9084/-40 *38 3= 3D3840 38 A,3 09,//-8+'.+ 0.-7 =-7
-94-7 A,3 73 6/0.,G9-8 .,/-843 =- 3I 39,9: C8 .3= 9084/-40 5 ) V) c
+ 2 ) ) * 07 9084/-407 .3= 74-.0 73
63/2399: 08-8 9,-8.0 73 =0</3 -9,3/.0 705/3 3= 05I 340 > =- 9084/-6/374-9: C8 > F743 73
3=3D3 - 379/: 40 -/- =- 3I 39,9: C8 73 /3A,:3/3) 6/05-9: C8 .3 =- <-/-84? - L8: 9- .3
9,;6=: ;:3840 - 3<: 74/0 /37,6,374-= 5 ) V) ? )
.3;B7 .3 =0 374: 6,=-.0 38 =- 3> .3 $##& 3> $$M .3 > 7,7 .39/3407
/3<=-;384-/: 07 3743 9084/-40 73 7,I 34- 38 40.-7 7,7 6-/437 - =0 6/379/: 40 38 =- 3> .3
$## > 38 =07 39/3407 && > & .3 $## 5 ) V) ) * c* -/-
40.07 =07 3239407 =3<-=37 .3= 6/373843 9084/-40 3= .0;: 9:=:
0 73/B 3= ,8: 9:6:0 .3 35/: I-
-/- 90874-89: - 73 2:/;- - =07 EEEE ?-7 .3= ;37 .3 EEEEEE.3 #

0/

" !" $! %#( (


&!" # !(
$!
53

, )

ANEXO N°1
FORMULARIO DE LA PROPUESTA

I. CONSTRUCCION POLIDEPORTIVO ESCUELA EL AGUIRRE


VR VR
ITEM DESCRIPCIÓN UND CANT UNITARIO PARCIAL
1.1 PRELIMINARES
1.1.1 Localizacion y replanteo m2 100,00
1.1.2 Valla informativa und 1,00
1.1.3 Demolición mampostería existente m2 64,00

Desmonte cubierta existente m2 60,00

Demolición pisos en concreto m2 60,00


Excavaciones para conformación piso y
1.1.4
cimentación muros m3 35,00
SUBTOTAL
1.2 ESTRUCTURAS
1.2.2 Concreto reforzado 3000 psi para viga de piso
(0,20x0,20), incluye refuerzo ml 82,00
1.2.4 cerramiento el tubería galvanizada D=21/2" y
malla eslabonada calibre 12 m2 250,00
Suministro e instalación pórticos
1.2.5 m2
polifuncionales 2,00
1.2.6 Pintura pórticos y demarcación cancha gbl
1,00
Loza en concreto hidráulico para piso
1.2.7
polideportivo m2 370,00
SUBTOTAL
II. CONSTRUCCION BATERIA SANITARIA Y AULAS DE CLASE ESCUELA EL AGUIRRE
VR VR
ITEM DESCRIPCIÓN UND CANT UNITARIO PARCIAL
2.1 PRELIMINARES
2.1.1 Demolición mampostería existente m2 74,00
2.1.2 Demolición estructuras en concreto m2 5,00
2.1.3 Demolición de pisos en concreto m2 74,00
54

2.1.4 Desmonte cubierta existente m2 76,00


2.1.5 Excavaciones para cimentación muros M3 3,00
SUBTOTAL
2.2 ESTRUCTURAS
2.2.1 Concreto ciclópeo para cimentación m3
4,00
2.2.2 concreto de 2000 psi para antepiso e=0,08m m2
385,00
2.2.4 Columnas en concreto de 3000 psi
(0,25x0,25), incluye refuerzo ml 48,00
2.2.4a Columnetas en concreto de 3000 psi
(0,15x0,15), incluye refuerzo ml 32,00
2.2.5 Viga de cimentación en concreto de 3000psi
(0,30x0,30), incluye refuerzo ml 55,00
2.2.6 Viga aerea en concreto de 3000 psi
(0,25x0,25), incluye refuerzo 90,00
Concreto de 3000 psi para escalera, incluye
2.2.7
ref. M2 5,00
2.2.8
Concreto de 3000 psi para apoyo de escalera Und 1,00
2.2.9
Baranda metálica Ml 20,00
2.2.10
Mampostería en ladrillo H-10 m2 203,00
2.2.11
Friso liso sobre muro 1:4 ml 406,00
2.2.12
Piso en tablón de gres m2 310,00
Cerámica para piso y enchape batería
2.2.13
sanitaria m2 75,00
2.2.14
Puerta metálica con marco de 2,0x1,20 und 2,00
2.2.15
Puerta metálica con marco de 2,00x1,00 und 2,00
2.2.16
Puerta metálica con marco de 1,60x0,6 und 5,00
Sum/inst ventanas metálicas 1,2x1,50 mt,
2.2.17
incluye vidrio un 7,00
2.2.18
Concreto reforzado de 3000 psi para placa m2 72,50
Concreto reforzado de 3000 psi para viga
2.2.19
canal ml 10,00
55

2.2.20
Concreto de 3000 psi para andenes e=,10m m2 86,00
Cubierta en estructura metálica y teja
2.2.21
termoacustic m2 90,00
2.2.22
Suministro e instalación de canal metálico ml 40,00
Sum. e instalación bajantes en tubería pvc.
2.2.23
D=3" ml 90,00
SUBTOTAL
2.3 INSTALACIONES ELECTRICAS
2.3.1 Acometida eléctrica und
1,00
2.3.2
Salida monofásica doble 110v und 18,00
SUBTOTAL
2.4 PINTURA
2.4.1
Pintura en vinilo sobre muro m2 920,00
2.4.2
pintura en esmalte doméstico und 370,00

SUBTOTAL
2.5 REDES HIDRAULICAS Y SANITARIAS
2.5.1
Tubería sanitaria en pvc D=4" ml 20,00
2.5.2
Tubería sanitaria en pvc D=3" ml 15,00
2.5.3
Caja de inspección 0.60x0-60x0.60 und 2,00
2.5.4
Puntos sanitarios D=3" und 8,00
2.5.5
Tubería acueducto pvc D=1/2" ml 15,00
2.5.6
Puntos hidráulicos und 12,00
2.5.7
Sanitarios und 5,00
2.5.8
Orinal de pared und 4,00
2.5.9
Lavamanos und 6,00
SUBTOTAL
TOTAL COSTO DIRECTO
56

ADMINISTRACION
IMPREVISTOS
UTILIDAD
VALOR TOTAL DEL PROYECTO

4384-;3843

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 .3= /06083843 0 36/37384-843 3<-=+
* F.,=- .3 : ,.-.-8? - 0 +
57

, -

)) ) )
/ ) * * 1

, 0

-7 6/3738437 37639:2:
9-9:0837 4F98:
9-7 .3 90874/,99:C8 .3 05/-7 9:
D:=37 @-938 6-/43 .3
=07 9084/-407 93=35/-.07 60/ "
%

-7 37639:2:
9-9:0837 6-/4: 9,=-/37 .3 90874/,99:C8 .3 9-.- 6/0>3940 6/3D-=3938 705/3 =-7
37639: 2:
9-9:0837 <383/-=37 > 60./B8 ;0.: 2:
9-/=-7 0 90;6=3;384-/=-7 0.07 =07 4/-5-I07
A,3 80 374F8 9,5: 3/407 60/ 37639: 2:
9-9:0837 6-/4: 9,=-/37 73 3I
39,4-/B8 90820/;3 - =-7
6/3738437 37639:2:
9-9: 0837

) Z . * . * ) )
37.3 =- 0/.38 .3 : 8:9:-9: C8 > 384/3<- .3 =- G08- .3 =-7 05/-7 -= 0874/,940/ > @-74- =-
384/3<- .32: 8:4:
D- .3 =-7 05/-7 - =- 384: .-. 9084/-4-843 3= 0874/,940/ 374B 38 =-
05=:
<-9: C8 .3 73H-=: G-/ 3= B/3- .3 4/-5-I0 9084/-4-.0 90;0 6/3D389: C8 .3 /:37<07 - =07
,7,-/:07 > 63/708-= A,3 4/-5-I - 38 =- 05/- 38 90874/,99: C8 .3 -9,3/.0 908 =-7
374:
6,=-9: 0837 > 37639: 2:
9-9: 0837 D:<38437 705/3 =- ;-43/: - 37.3 4-= ;0;3840 3=
0874/,940/ 37 3= L8:
90 /376087-5=3 .3 =- 73H-=:G-9:C8 38 3= 73940/ 05I340 .3= 9084/-40

= 0874/,940/ .353/B -7?;: 7;0 73H-=: G-/ -.39,-.-;3843 =07 7: 4:


07 .3 -=;-938-;:
3840
.3 =07 ;-43/:
-=37 60/ ,4:
=:
G-/ 38 =07 .:
23/38437 6/093707 90874/,94:
D07

. +

= 6/0>3940 .353/B =09-=: G-/73 > /36=-843-/73 @0/: G084-= > D3/4:9-=;3843 .3I -8.0
3=3;38407 .3 /323/389:
- 63/;-83843 908 5-73 38 =-7 =: 5/34-7 .3 4060</-2?- > =07 6=-807
.3= 6/0>3940 = /36=-8430 > 8: D3=-9:
C8 .3 =- 05/- 73/B 3I 39,4-.0 60/ 3= 084/-4: 74-
,4:
=:
G-8.0 63/708-= A,3 6073- =: 9389:
- 6-/- 3I3/93/ =- 6/0237:C8 > 3A,:607 .3 6/39: 7:C8
-.39,-.07 6-/- 4/-5-I0 - /3-=:G-/ 8437 .3 :
8:9:
-/ =-7 05/-7 3= 084/-4:74- 70;343/B - =-
58

D3/:
2:
9-9:C8 > -6/05-9: C8 .3 =- 843/D3840/?
- =- =09-=:G-9:
C8 <383/-= .3= 6/0>3940 > 7,7
8:
D3=37
,/-843 =- 90874/,99:
C8 3= 084/-4: 74- .353/B D3/:2:
9-/ 63/:C.:9-;3843 =-7 ;3.: .-7 >
904-7 9,-84-7 D3937 73- 83937-/: 0 6-/- -I ,74-/73 -= 6/0>3940 353/B .:76083/
63/;-83843;3843 38 =- 05/- .3 ,8 3A,: 60 -.39,-.0 6-/- /3-=: G-/ 374- -94:
D:.-.
9,-8.0 73 /3A,:
3/-

-/- 3= 6-<0 .3 =- =09-=:


G-9:C8 > /36=-8430 73 ;3.:
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:
89=,>38.0 =-7 B/3-7 .379,5:3/4-7 .3 6-D:;3840 38 ;34/07 9,-./-.07 3843/07 * +

= 90740 .3= /36=-8430 .3 ;,/07 374/,94,/-7 7,63/: 0/37 > 04/07 4/-5-I07 .353/B
9087:.3/-/73 38 3= -8B=:
7:7 .3= 6/39:
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3:874-=-/- ,8- D-==- :


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;387:0837 20/;- 90=0/37 >
=34/3/07 9=-/-;3843 :
8.: 9-.07 38 =07 6=-807
-7 5-/-8.-7 73/B8 38 ;-.3/- .3 5,38- 9-=: .-. 908 =-7 .: ;387:0837 > .3;B7
9-/-943/? 74:
9-7 A,3 73 :8.:A,38 38 =07 6=-807 07 60840837 6-/- 3= 6-70 .3 63-40837
73/B8 38 ;-.3/- .3 5,38- 9-=: .-. 908 =-7 .: ;387:
0837 > .3;B7 9-/-943/?
74:
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74/-.- 3 :
874-=-.- > /39: 5:
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.-7

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743 4/-5-I0 9087:743 38 =- .3;0=:9:C8 404-= 0 6-/9:


-= .3 374/,94,/-7 .3 6-D:;38407 6:707
-8.3837 > 50/.: ==07 3E:
7438437 38 =-7 G08-7 A,3 :8.:
A,38 =07 .09,;38407 .3= 6/0>3940 > =-
/3;09: C8 9-/<,3 4/-8760/43 .379-/<,3 > .: 7607:
9:C8 2:
8-= .3 =07 ;-43/:
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O 37;084-I3 > 4/-7=-.0 .3 374/,94,/-7 ;34B=:
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==-7
O 3;09:C8 .3 37639: 37 D3<34-=37
O 3;09:C8 .3 93/9-7 .3 -=-;5/3
O 3;09:C8 .3 0574B9,=07
O 3;09:C8 .3 73/D: 9:
07 3E:7438437

07 ;-43/: -=37 6/0D38: 38437 .3 =- .3;0=:


9:C8 A,3 - I ,:
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G-/
6-/- 3743 2:8

= ;-43/:-= A,3 7,;: 8:


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-7 207-7 > @0>07
/37,=4-8437 .3 =07 4/-5-I 07 .353/B 4383/ =- -6/05-9: C8 6/3D:- .3= 843/D3840/

07 3A,:607 A,3 3;6=33 3= 0874/,940/ 38 374- -94: D:.-. .353/B8 4383/ =- -6/05-9:
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-7 =0 -;3/:438 3= 843/D3840/ 60./B -,40/:
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60

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= 0874/,940/ 80 60./B : 8:9:-/ =- .3;0=: 9:C8 .3 374/,94,/-7 7:


8 6/3D:
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= 0874/,940/ 73/B /376087-5=3 .3 40.0 .-H0 9-,7-.0 .: /394- 0 :


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907 0 6/06:
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= 0874/,940/ .3 -9,3/.0 908 =-7 .: 7607:


9:0837 D:<38437 .353/B 90=09-/ 73H-=37 > =,937
A,3 :
8.:A,38 .,/-843 3= .? - > =- 809@3 =07 =,<-/37 .08.3 73 /3-=:938 4/-5-I
07 .3
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4-5=3 9,-8.0 3==0 73
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40 .,/-843 =- 90874/,99:
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,-8.0 73 ,738 38 =- 90874/,99: C8 .3 /3==3807 3= 4-;-H0 ;BE: ;0 .3 9,-=A,: 3/


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8.:
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7608./B8
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07 3=3;38407 A,3 .35-8 73/ /3=09-=:


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90//3940 2,89:
08-;: 3840

0.-7 =-7 =-50/37 .3 .:7607:9:C8 .3 ;-43/:-=37 73 /3-=:


G-/B8 438: 38.0 38 9,384- =0
374-5=39:.0 38 =07 374,.:07 0 3D-=,-9:0837 -;5: 384-=37 .3= 6/0>3940 > =-7 .:7607:
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O 3/:2:
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.07
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=:
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O 3H-=-/ =07 3=3;38407 A,3 .-538 63/;-8393/ 38 3= 7: 4:
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6/373843 37639: 2:
9-9: C8

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07 .3 .3;0=: 9:
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9-9:C8

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6/373843 37639:
2:9-9:C8 > =-7 :
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7:
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- =05-= *<+ 38 9,>0 9-70 80 73 @-/B8 ;3.:


9:0837
62

5 0/ ,8:.-. 90;6=34- *,+ 9,-8.0 73 4/-43 .3 .3;0=: 9:C8 .3 0574B9,=07 3.: 2:9-9:0837
6,38437 -=9-84-/: ==-7 > 04/-7 374/,94,/-7 0 /3;09:
C8 .3 374/,94,/-7 ;34B=: 9-7 37639: 37
D3<34-=37 0574B9,=07 > 73/D: 9:
07 3E:7438437
9 0/ ;34/0 9,-./-.0 *; + -6/0E: ;-.0 -= 3843/0 38 3= 9-70 .3 .3;0=: 9:
C8 .3
6-D: ;38407 -8.3837 .3 9089/340 > 04/07 8 3743 9-70 =- ;3.: .- .3 =- 374/,94,/- 73
32394,-/B -8437 .3 .374/,: /=-
. 0/ ;34/0 =: 83-= *;+ -6/0E: ;-.0 -= 3843/0 9,-8.0 73 4/-43 .3= /34: /0 .3 374/,94,/-7
4-=37 90;0 -=9-84-/: ==-7 93/9-7 .3 -=-;5/3 73/D: 9:
07 3E:7438437 > 04/07 0574B9,=07 A,3
73-8 7,79364: 5=37 .3 ;3.: /73 60/ 7, =08<:4,. 8 3743 9-70 =- ;3.: .- 73 32394,-/B ,8-
D3G /3:874-=-.0 .35: .-;3843 3= 3=3;3840

= 6-<0 73 @-/B - =07 6/39:07 ,8:


4-/:
07 /376394:
D07 374:
6,=-.07 38 3= 9084/-40 73<L8 =-
,8: .-. .3 ;3.: .- 60/ 40.0 4/-5-I 0 3I39,4-.0 7-4:
72-940/:
-;3843 .3 -9,3/.0 908 =-
6/373843 37639: 2:
9-9: C8 > -9364-.0 60/ 3= 843/D3840/

= 6/39:
0 ,8:4-/:
0 .353/B 9,5/: / 40.07 =07 907407 60/ 90893640 .3 ;-80 .3 05/-
3E6=07: D07 -7370/?- 3A,: 60 @3//-;: 384-7 ;-43/: -=37 -6,84-=-;: 38407 -8.-;: 07 05/-7
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6-/- @-93/ =07 .37;084-I 37 6=-807 736-/-9: C8 .3 ;-43/: -=37 -6/0D39@-5=37 9-/<,3 >
4/-8760/43 .3 F7407 -= =,<-/ .3 .36C7: 40 .379-/<,3 > -=;-938-;: 3840'/3;09: C8
4/-7=-.0 > 7:
3;5/- .3 37639: 37 D3<34-=37'4/-7=-.0 > /3:874-=-9:C8 .3 0574B9,=07 > 93/9-7
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07 3E:
7438437'
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0 .3 .:7607:
9:C8 2:
8-=
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= 6/39:
0 ,8:
4-/:
0 .353/B :
89=,:/ -.3;B7 =- 6/04399: C8 .3 -A,3==07 3=3;38407 A,3
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07 80 .35-8 73/ /3;0D: .07

= 0874/,940/ .353/B 9087: .3/-/ 38 /3=-9:


C8 908 =07 3E6=07:
D07 40.07 =07 907407 A,3
:
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9: C8 4/-8760/43 3790=4-7 -=;-938-;: 3840 D:<:
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4:0 .3 ,4:=:
G-9:
C8

= 6/39:
0 ,8:4-/:
0 .353/B :89=,:/ -.3;B7 =07 907407 60/ 90893640 .3 =- 3E9-D-9: C8 6-/-
=- .3;0=: 9:
C8 > /3;09: C8 > 60/ 3= 7,;:
8:74/0 90820/;-9:C8 > 90;6-94-9: C8 .3= ;-43/:
-=
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G-9:
C8 43;60/-= /3A,3/:.- > 38
<383/-= 40.0 90740 /3=-9: 08-.0 908 =- 90//394- 3I 39,9:
C8 .3 =07 4/-5-I
07 37639: 2:
9-.07

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C8 ;,/07 38 ;-;60743/? - 34/0 9,-./-.0 *; +
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$$M 3;0=:9: C8 .3 6-D:;38407 6: 707 -8.3837
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A,3 73 /32: 3/3 3= 6/373843 /4? 9,=0 .3 -9,3/.0 908 =07 -=: 83-;: 38407 638.: 38437 > 904-7
:8.: 9-.-7 38 =07 6=-807 , 0/.38-.07 60/ 3= 843/D3840/ 0;6/38.3 -.3;B7 =-
90874/,99: C8 .3 38902/-.07 -4-<,? -7 > 9-I 0837 > 3= 7: 743;- .3 ./38-I 3 A,3 2,3/3
83937-/: 0 6-/- =- 3I39,9: C8 .3 =07 4/-5-I 07 -7?90;0 3= /34: /0 7,57:<,:
3843 .3 38902/-.07
> -4-<,? -7 89=,>3 4-;5: F8 =- /3;09: C8 4/-8760/43 > .:7607: 9:C8 .3 40.0 ;-43/: -= A,3
73 389,384/3 .384/0 .3 =07 =? ;: 437 .3 =-7 3E9-D-9:0837

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3/3 - =07 4/-5-I07 .3 3E9-D-9: 0837 D-/:
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37639:
2:
9-9:0837

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63/;-83843 .3 -<,- 705/3 3= 8:
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-
63/;-83843 .3 -<,- 705/3 3= 8:D3= .3 =- 3E9-D-9:
C8 .:
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07 ;-43/:-=37 6/0D38:38437 .3 =-7 3E9-D-9: 0837 D-/:
-7 A,3 73-8 -.39,-.07 > 83937-/: 07
6-/- =- 3I 39,9: C8 .3 /3==3807 .353/B8 73/ -=;-938-.07 60/ 3= 0874/,940/ 6-/-
-6/0D39@-/=07 38 =- 90874/,99: C8 .3 =07 /3==3807 73<L8 =0 .343/;:83 3= 843/D3840/ :
9@07
;-43/:-=37 80 73 60./B8 .3739@-/ 8:/34: /-/ .3 =- G08- .3 =- 05/- 6-/- 2:837 .: 74:
8407 -
F74- 7:
8 =- -6/05-9: C8 6/3D:- .3= 843/D3840/

07 ;-43/:
-=37 .3 =-7 3E9-D-9:
0837 D-/:-7 A,3 80 73-8 ,4:
=:
G-5=37 .353/B8 73/ .:
76,37407
.3 -9,3/.0 908 =0 A,3 374-5=3G9-8 =07 .09,;38407 .3= 6/0>3940 > =-7 :
874/,99:
0837 .3=
843/D3840/ 38 G08-7 -6/05-.-7 60/ F743

2
= 0874/,940/ 6/0608./B 6-/- 9087: .3/-9: C8 .3= 843/D3840/ =07 3A,: 607 ;B7 -6/06:-.07
6-/- =-7 063/-9:0837 60/ /3-=:
G-/ =07 9,-=37 80 .353/B8 6/0.,9: / .-H07 :883937-/:
07 38
64

D39:8.-.37 0 38 =- G08- .3 =07 4/-5-I


07'> .353/B8 <-/-84: G-/ 3= -D-893 2?
7:90 73<L8 3=
6/0</-;- .3 4/-5-I 0 63/;:4:38.0 3= 90//3940 .37-//0==0 .3 =-7 34-6-7 90874/,94:D-7
7:
<,:38437

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= 0874/,940/ .353/B 804: 2:


9-/ -= 843/D3840/ 908 7,2: 9:
3843 -843=-9: C8 -= 90;:38G0 .3
9,-=A,: 3/ 3E9-D-9: C8 6-/- A,3 73 32394L38 40.-7 =-7 ;3.: .-7 > 7399:0837 83937-/: -7 >
73 2:
I3 =- =09-=:
G-9:
C8 .3 =- 374/,94,/- 38 3= 43//380 0/:
<:8-= 73<L8 3= 4:
60 .3 374/,94,/- .3
A,3 73 4/-43

8437 .3 90;38G-/ =07 4/-5-I 07 .3 3E9-D-9:


C8 73 .353/B8 @-53/ 90;6=34-.0 =07
4/-5-I07 6/3D:
07 .3 .37;0843 > =:
;6: 3G-

:.384/0 .3 =07 =?;:437 .3 =- 3E9-D-9: C8 73 389,384/-8 374/,94,/-7 9:


;:38407 -84:
<,07 ,
04/07 0574B9,=07 F7407 .353/B8 73/ /34: /-.07 60/ 3= 0874/,940/ A,:
38 80 438./B .3/39@0
- 90;6387-9: C8 -.:9: 08-= 60/ =-7 .:
2:
9,=4-.37 0 9084/-4:
3;607 A,3 09-7:083 =- /3;09:C8
>S0 /34:
/0 .3 4-=37 0574/,99:0837

-7 3E9-D-9:0837 73 .353/B8 -.3=-84-/ .3 -9,3/.0 908 =07 6=-807 .3 90874/,99:


C8 -7
904-7 .3 2,8.-9:C8 .3 G-6-4-7 :8.:9-.-7 38 3==07 73 9087:
.3/-8 -6/0E:;-.-7 > 60/ =0
4-840 3= 843/D3840/ 60./B 0/.38-/ A,3 73 32394L38 40.07 =07 9-;5: 07 A,3 9087:.3/3
83937-/:07 38 =-7 .: ;387:0837 .3 =- 3E9-D-9: C8 6-/- 054383/ ,8- 9: ;384-9:C8
7-4:
72-940/:
-

:3;6/3 A,3 =07 4/-5-I 07 =0 /3A,:


3/-8 =-7 3E9-D-9: 0837 D-/:
-7 .353/B8 90;6/38.3/
=-50/37 6/3D:
-7 4-=37 90;0 3= .37D?0 .3 90//:38437 .3 -<,- 0 =- 90874/,99:
C8 .3 9-,937
6/0D:7:
08-=37 , 04/-7 A,3 90843;6=38 =07 6=-807 .3= 6/0>3940

-/- =-7 3E9-D-9:0837 38 /09- =07 6/093.: ;: 38407 4:607 > 9-84:
.-.37 .3 3E6=07: D07 A,3
3= 0874/,940/ 6/0608<- ,4: =:
G-/ .353/B8 9084-/ 908 =- -6/05-9: C8 6/3D:
- .3= 843/D3840/
-7?90;0 =- .:7607:9: C8 > 739,389: - .3 =-7 D0=-.,/-7 =-7 9,-=37 73 .353/B8 6/0>394-/ .3
;-83/- A,3 7, 323940 73- ;? 8:;0 60/ 2,3/- .3 =07 4-=,.37 6/0>394-.07 8 =- .: /399: C8 >
3I39,9:C8 .3 37407 4/-5-I 07 73 .353/B 3;6=3-/ 63/708-= A,3 438<- -;6=: - 3E63/:389: - -=
/3763940

0.- 3E9-D-9: C8 A,3 6/373843 63=: </0 .3 .3//,;537 A,3 -239438 3= /:


4;0 .3 =07 4/-5-I07
=- 73<,/:
.-. .3= 63/708-= 0 =- 374-5:=:
.-. .3 =-7 05/-7 0 6/06:
3.-.37 -.>-938437 .353/B
384:5-/73 .3 ;-83/- 7-4: 72-940/:
- 6-/- 3= 843/D3840/ 07 384:5-.07 .353/B8 73/ /34:/-.07
-8437 .3 /3==38-/ =-7 3E9-D-9: 0837

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07 =,<-/37 6-/- 9: ;384-9: 0837 73 .353/B8 3E9-D-/ 90820/;3 =-7 =? 83-7 .3 6-<0
:
8.:9-.-7 38 =07 6=-807 , 0/.38-.-7 60/ 3= 843/D3840/ 6-/- 63/;:
4:/ =- 90874/,99:C8 .3 =-7
;:7;-7 - 40.0 7, -89@0 > =08<: 4,. > .3I -8.0 ,8 208.0 908 ,8- 7,63/2: 9:
3 6=-8- >
@0/:
G084-=

,-8.0 =- 9:;384-9:C8 .35- -7384-/73 705/3 ,8- 7,63/2:


9:3 3E9-D-.- A,3 80 73- /09-
3= 0874/,940/ .353/B 4383/ 37639:-= 9,: .-.0 6-/- 80 63/4,/5-/ 3= 208.0 .3 =-
3E9-D-9: C8 40;-8.0 =- 6/39-,9:C8 -.: 9:08-= .3 80 /3;0D3/ 3= ;-43/:
-= .3= 208.0 .3 =-
3E9-D-9: C8 @-74- =- 904- .3 9: ;384-9: C8 6/3D:74- 7:
80 38 3= : 874-843 38 A,3 73
389,384/3 .35: .-;3843 6/36-/-.0 6-/- 90=09-/ 3= 9:;:3840

,-8.0 73 389,384/3 ,8 208.0 /09070 =- 3E9-D-9: C8 73 .353/B 3I 39,4-/ .3 4-= 20/;-


A,3 =- /09- 7C=:
.- A,3.3 3E6,374- > 6/36-/-.- 38 =39@07 @0/: G084-=37 0 .384-.07 6-/-
/39:5:
/ 3= 9089/340 .35: 38.0 73/ /3;0D: .07 40.07 =07 2/-<;38407 .3 /09- 7,3=4- 0
.37:843</-.- -7?90;0 =07 374/-407 ;,> .3=<-.07 -7 </:
34-7 > 9-D:.-.37 A,3 A,3.38
3E6,374-7 .353/B8 73/ =:
;6: -.-7 > /3==38-.-7 908 9089/340 0 ;0/43/0

,-8.0 73 ,738 6: =0437 6-/- 7060/4-/ G-6-4-7 .3 374/:507 0 6: =-7 .3 6,38437 0 D: -.,9407
=- 3E9-D-9: C8 .3 9-.- 208.0 .353/B 90;6=34-/73 -8437 .3 : 8:9:-/ =- @: 89- > F74- .353/B
2:
8-=:G-/ -8437 .3 90;38G-/ =- 2,8.: 9:C8 .3 =- G-6-4- A,3 73 4/-43 = 43/;:
8-/ =- @:89- .3
=07 6:=0437 3= 0874/,940/ .353/B /34:/-/ 40.0 3= ;-43/:-= 7,3=40 0 .376=-G-.0 908 3= 2: 8 .3
A,3 A,3.3 ,8 =39@0 6=-80 > 7C=: .0 6-/- /39:5:/ 3= 9089/340

!B%C
!$ # '! $

-7 -4-<,?-7 > 38902/-.07 A,3 73 90820/;38 6-/- =- 6/04399: C8 .3 =-7 3E9-D-9: 0837
.08.3 73 D-8 - 90874/,: / =07 9:
;:38407 73 .353/B8 ==3D-/ - 6/02,8.: .-.37 > -=4,/-7
-6/06: -.-7 6-/- A,3 73-8 73<,/-7 > 4-8 :;63/;3-5=37 90;0 73- 607: 5=3 6-/- /3-=:G-/
-.39,-.-;3843 3= 4/-5-I 0 60/ 3I39,4-/ .384/0 .3 3==-7 -7 .:;387:0837 :843/8-7 .3 =-7
-4-<,? -7 > 38902/-.07 .353/B8 .3I -/ 376-9: 0 7,2:9:
3843 6-/- =- 90874/,99: C8 .3
20/;-=34-7 > =- :
876399:
C8 .3 7,7 6-/437 3E43/8-7 -7?90;0 6-/- 63/;: 4:
/ 3= 50;530 60/
2,3/- .3 -A,3==07

-7 -4-<,? -7 > 38902/-.07 .353/B8 73/ 90874/,:


.07 38 4-= 20/;- A,3 6/043I -8 3= 9089/340
2/3790 9084/- 9,-=A,: 3/ .-H0 A,3 6,.: 3/- 09-7:
08-/=3 ,8- 9/39: 3843 /36384:8- > 6-/-
6/3D38: / 9,-=A,:3/ .-H0 .35:.0 - =- 3/07:
C8 8 =-7 -4-<,? -7 > 38902/-.07 80 73 .353/B8
.3I -/ ;-.3/07 0 -5/-G-.3/-7 A,3 6,3.-8 63834/-/ 38 3= 9089/340 .3= 9: ;:3840 7-=D0
A,3 3= 843/D3840/ =0 -,40/:
93 60/ 379/:
40

0 73 63/;: 4:
/B 8:8<L8 -6,84-=-;: 3840 .3 -4-<,?-7 > 38902/-.07 A,3 6,3.- 6/0.,9:
/
372,3/G0 <0=63 0 D:5/-9:
C8 38 =- 374/,94,/- 63/;-83843

-7 -4-<,?-7 > 38902/-.07 : 89=:


8-.07 0 .376=-G-.07 =-43/-=;3843 .,/-843 3= 6/09370 .3
@:89-.0 .353/B8 73/ 38.3/3G-.07 /3=09-=: G-.07 0 7,6=3;384-.07 6-/- 054383/ 3=
376-9:0 83937-/:0 > 3= =,<-/ -6/06:
-.0 6-/- =- 9:
;384-9: C8 .3 =- 374/,94,/-

= 43/;:
8-/ 3= 4/-5-I
0 .3 A,3 73 4/-43 3= 0874/,940/ .353/B .37;084-/ > /34:
/-/ =- 05/-
2-=7- .3 4-= ;-83/- A,3 80 09-7:083 8:8<L8 .-H0 -= 9:
;:3840 43/;:
8-.0
66

) "
" #

,-8.0 - I ,:
9: 0 .3= 843/D3840/ 09,//-8 9:/9,874-89: -7 A,3 80 63/;: 4-8 2,8.:/ 3= 9:
;:3840
38 7390 60./B 3E: <:/ =- 90874/,99:
C8 .3 ,8 73==0 .3 9089/340 .3 =-7 .:;387: 0837 A,3 73-8
83937-/:-7 = 9089/340 .353/B 73/ .3 =- 9=-73 .3 -9,3/.0 908 =0 .32: 8:
.0 38 374-7
37639:2:
9-9:0837

376,F7 .3 90=09-.0 3= 73==0 3= -<,- 73 3E4/-3/B 60/ 50;530 9084:


8,B8.073 =-
3I
39,9:C8 .3= 4/-5-I
0 38 7390

,-8.0 73 ,4: =:
938 38902/-.07 .3 6370 9087: .3/-5=3 908 3= 2: 8 .3 90;6387-/
6-/9: -=;3843 =- 6/37:C8 @:
./074B4:
9- A,3 -94L- 9084/- =- 5-73 .3= 73==0 .3 9089/340
.353/B8 6/0D33/73 -89=-I 37 37639:-=37 4-=37 90;0 376:<07 0 ==-D37 6-/- 4/-8723/:
/ 3= 6370
404-= .3= 38902/-.0 - .:
9@0 73==0

,-8.0 3= -<,- 374F 7,I 34- - ;-/3-7 0 90//:


38437 =-7 6-/3.37 .3= 38902/-.0 73 .353/B8
63/20/-/ - =- -=4,/- .3 =- ;-/3- ;B7 5-I - 6-/- 9084/0=-/ > 054383/ : <,-= 6/37: C8
@:
./074B4:9- .384/0 > 2,3/- .3= 3=3;3840 .,/-843 =- 2,8.:
.- > 3= 2/-<,-.0 .3 =07 73==07

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;3807 A,3 ,8- 37639: 2:


9-9: C8 6-/4:
9,=-/ : 8.:A,3 -=<0 .:
23/3843 80 73 63/;: 4:
/B 8:
8<,8-
3E9-D-9: C8 60/ 2,3/- .3 =07 9-I 0837 -4-<,? -7 38902/-.07 0 4-5=374-9-.07 8:-=43/-/ 3=
=39@0 8-4,/-= .3 =-7 90//: 38437 -.>-938437 - =- 374/,94,/- 7: 8 3= 9087384: ;:3840 .3=
843/D3840/ :73 32394L- 9,-=A,: 3/ 3E9-D-9: C8 0 ./-<-.0 38 3= 7: 4:
0 .3 =- 374/,94,/-
-8437 .3 90=09-/ =07 9-: 77087 38902/-.07 -4-<,? -7 0 4-5=374-9-.07 3= 0874/,940/
.353/B /3==38-/ =- G08- 3E9-D-.- 0 ./-<-.- - 7,7 3E6387-7 ,8- D3G 90=09-.- =-
9:;384-9: C8 @-74- =- -=4,/- 8-4,/-= .3= 43//380 0 =39@0 .3= /?
0 908 ;-43/:-= -6/05-.0 60/
3= 843/D3840/

07 ;-43/:-=37 6/0D38:38437 .3 =-7 3E9-D-9:0837 .3 9:


;:38407 0 /3==3807 .3 -4-<,?
-7 A,3
73 .3607:438 38 =- G08- .3 =- 90//:
3843 .3 -<,- .353/B8 73/ /34:
/-.07 60/ 3= 0874/,940/
.3I-8.0 3= =39@0 .3 =- 90//: 3843 38 =-7 ;: 7;-7 908.:9:
0837 38 A,3 73 389084/-5-
0/:
<:8-=;3843

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-7 3E9-D-9:0837 6-/- -=9-84-/:


==-7 73 .353/B8 32394,-/ .3 90820/;:.-. 908 3=
-=:
83-;: 3840 .: ;387:0837 638.:38437 > .34-==37 ;074/-.07 38 =07 6=-807 > =-7
:
874/,99:
0837 .3= 843/D3840/

,-8.0 73 D->- - 90=09-/ ,8- -=9-84-/:==- 60/ .35-I


0 .3 =- =?
83- .3= 43//380 0/:
<:8-= 73
.353/B 3E9-D-/ ,8- G-8I - - =- 6/02,8.:.-. /3A,3/:.- 90820/;B8.073 3= 208.0 .3 =-
;: 7;- .3 ;-83/- A,3 -73<,/3 ,8 =39@0 2: /;3 38 40.- =- =08<:4,. .3 =- -=9-84-/:
==- =
-89@0 .3 .: 9@- G-8I
- .353/B 73/ 3= ;?8: ;0 A,3 63/;:4- 4/-5-I -/ - -;507 =-.07 .3 =-
-=9-84-/:
==- > 90;6-94-/ .35:.-;3843 3= /3==380 .35-I0 > -=/3.3.0/ .3 3==- -7 6-/3.37
67

.3 =- G-8I - .353/B8 A,3.-/ =0 ;B7 D3/4: 9-=37 A,3 73- 607:


5=3 .37.3 =- 9:
;384-9:
C8
@-74- 60/ =0 ;3807 =- 9=-D3 .3 =- -=9-84-/:
==-

,-8.0 73 389,384/3 /09- >- 73- 38 374/-407 0 38 20/;- 7,3=4- 0 9,-=A,:3/ 04/0 ;-43/:
-=
A,3 60/ 7, .,/3G- 80 63/;: 4- 90820/;-/ ,8 =39@0 -6/06: -.0 6-/- 90=09-/ =- 4,53/? -
.:9@0 ;-43/: -= .353/B 73/ /3;0D:.0 @-74- ;B7 -5-I 0 .3 =- 904- .3 9: ;384-9: C8 >
/33;6=-G-.0 60/ ,8 ;-43/:-= .3 7,55-73 </-8,=-/ 90;6-94-.0 38 ,8 376370/ ;? 8:
;0 .3
A,:893 9384?;34/07 *$M 9;+ 74- 9-6- 73 .353/B 90;6-94-/ 90;0 ;? 8:;0 -= 80D384- >
9:890 60/ 9:3840 *#MN+ .3 =- .387: .-. ;BE: ;- 05438: .- 38 3= 387->0 ;0.: 2:
9-.0 .3
90;6-94-9: C8

,-8.0 73 6/3738438 ;-43/:


-=37 7,-D37 37608I 0707 0 :8374-5=37 A,3 80 63/;: 4-8 ,8-
5-73 2:/;3 6-/- =- 9: ;384-9:C8 .3 =- -=9-84-/: ==- .:
9@07 ;-43/: -=37 .353/B8 73/
/3;0D:.07 38 ,8- 6/02,8.:
.-. :<,-= -= -89@0 .3 =- 3E9-D-9: C8 .35:38.0 73/ /3==38-.07
60743/:
0/;3843 908 ,8 ;-43/: -= -.39,-.0 A,3 73 90;6-94-/B .35: .-;3843 6-/-
054383/ ,8 =39@0 -.39,-.0

A !J! ( # $&! ! '(" $


-7 3E9-D-9:0837 6-/- =- 90874/,99:C8 .3 2:=4/07 73 .353/B8 32394,-/ @-74- =- 6/02,8.:
.-.
A,3 73 /3A,: 3/- > .3 90820/;: .-. 908 =-7 .: ;387:0837 638.: 38437 > .34-==37 A,3
:
8.: A,38 =07 6=-807 .3= 6/0>3940 0 .343/;: 83 3= 843/D3840/ -7 6-/3.37 .3 =-7
3E9-D-9: 0837 .353/B8 73/ D3/4:
9-=37 > 7, 208.0 .353/B 73/ 90820/;-.0 - 323940 .3 A,3
A,3.3 ,8- 7,63/2:9:
3 2:
/;3 > ,8: 20/;3 38 40.- 7, =08<: 4,.

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-7 3E9-D-9: 0837 6-/- =- 2,8.-9: C8 .3 <-D: 0837 > ;,/07 .3 9084389: C8 .3 7,3=0
/320/G-.0 908 <3043E4:= -7?90;0 =-7 83937-/:-7 6-/- =- 90874/,99:
C8 .3 .3790=37 G-8I-7
> 05/-7 7:;:=-/37 73 .353/B8 /3-=:G-/ .3 90820/;: .-. 908 =-7 .: ;387:
0837 > .34-==37
73H-=-.07 38 =07 6=-807 0 .343/;:
8-.07 60/ 3= 843/D3840/

8 9,-=A,:3/ 3E9-D-9: C8 A,3 =0 /3A,:3/- 3= 50;530 73 .353/B @-93/ .3 ;-83/- A,3


3E9=,>- =- 607:
5:=:
.-. .3 -//-74/-/ 9,-=A,:
3/ 60/9:
C8 .3 =07 ;-43/:-=37 90=09-.07 0 73
63/;:4:
/B 50;53-/ -<,- .,/-843 =- 90=09-9: C8 .3= 9089/340 0 .,/-843 =-7 D3:
84:
9,-4/0
* + @0/-7 7: <,: 38437 7-=D0 A,3 3= 50;530 73 6,3.- 32394,-/ .37.3 ,8 7,;: .3/0
-6/06:-.0 736-/-.0 .3 =- 05/- .3 9089/340 60/ ,8 ;,/0 : ;63/;3-5=3 , 04/07 ;3.: 07
32394:
D07

0 73 .353/B : 8:9:
-/ 3= 50;530 6-/- ./38-/ ,8- -4-<,? - 0 38902/-.0 73==-.0 @-74- 4-840
3= 73==0 @->- 2/-<,-.0 7,2:9:
3843;3843 6-/- /37:
74:
/ =- 6/37:
C8 @:
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,/-843 =- 3I
39,9:
C8 .3 =07 4/-5-I
07 3= 843/D3840/ -.3=-84-/B =07 7:
<,:
38437 9084/0=37
6/:
89:6-=37)

O 3/:
2:9-/ A,3 3= 0874/,940/ .: 7608<- .3 40.07 =07 63/;: 707 /3A,3/:
.07 6-/- =- 3I
39,9:C8
.3 =07 4/-5-I 07
O 0;6/05-/ 3= 374-.0 .3= 3A,: 60 ,4:=:
G-.0 60/ 3= 0874/,940/
O 3/:
2:9-/ =- 32:9:389: - > 73<,/:.-. .3 =07 6/093.: ;: 38407 -.064-.07 60/ 3= 0874/,940/
O :<:=-/ 3= 9,;6=: ;:3840 .3= 6/0</-;- .3 4/-5-I 0
O 3/:2:9-/ -=:83-;: 3840 63/2:= > 7399:0837 .3 =-7 B/3-7 3E9-D-.-7
O 0;6/05-/ =- =: 7,/- > 2:
/;3G- .3= 208.0 .3 =-7 3E9-D-9: 0837
O 3.: / =07 D0=L;3837 .3 4/-5-I 0 3I
39,4-.0 60/ 3= 0874/,940/ 38 -9,3/.0 - =- 6/373843
37639: 2:9-9:C8

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= 4/-5-I0 73 .-/B 60/ 43/;: 8-.0 9,-8.0 3= -=: 83-;: 3840 3= 63/2:
= > =- 7399: C8 .3 =-
3E9-D-9: C8 374F8 .3 -9,3/.0 908 =07 6=-807 .3= 6/0>3940 > =-7 : 874/,99:0837 .3=
843/D3840/ > F743 9087:.3/3 -.3;B7 A,3 =- 90873/D-9: C8 .3 9-,937 37 7-4:72-940/:
-
8 8: 8<L8 6,840 =- 3E9-D-9: C8 /3-=:
G-.- 60./B D-/:
-/ 908 /3763940 - =- -,40/:G-.- 60/ 3=
843/D3840/ 38 ;B7 .3 4/37 9384?;34/07 *& 9;+ 38 904- 8:38 ;B7 .3 9: 890 9384? ;34/07 *M
9;+ 38 =- =09-=:G-9:C8 38 6=-84-

0.-7 =-7 .32:


9:389:-7 A,3 3E93.-8 =-7 40=3/-89:-7 ;389:08-.-7 .353/B8 73/ 90//3<:
.-7
60/ 3= 0874/,940/ - 7, 9074- - 6=38- 7-4:
72-99:
C8 .3= 843/D3840/

**

- ,8:
.-. .3 ;3.: .- .3 =-7 3E9-D-9:
0837 D-/:
-7 73/B 3= ;34/0 9,5:90 *;&+ -6/0E:;-.0
-= ;34/0 9L5:90 90;6=340 .3 ;-43/: -= 3E9-D-.0 38 7, 607: 9:C8 0/:
<:8-= .343/;:
8-.0
.384/0 > @-74- =-7 =?
83-7 .3 6-<0 :8.:9-.-7 38 =07 6=-807 > 38 374- 37639: 2:
9-9:C8 0
-,40/:
G-.-7 60/ 3= 843/D3840/

8 3E9-D-9: 0837 6-/- 374/,94,/-7 -=9-84-/:==-7 > 2:


=4/07 40.- ;3.: .- 73 @-/B 908 5-73 38
9-/-7 D3/4:
9-=37 - 6-/4:/ .3 =07 50/.37 -,40/:G-.07 .3 =- 3E9-D-9: C8 -7 3E9-D-9: 0837
32394,-.-7 60/ 2,3/- .3 37407 =? ;: 437 > =07 D0=L;3837 -.: 9: 08-=37 9-,7-.07 60/
.376/38.: ;:38407 .3//,;537 @,8.: ;:38407 73.: ;384-9: 0837 0 /3==3807 .35:.07 - 9-,7-7
8-4,/-=37 .379,:.0 0 83<=: <389: - .3= 0874/,940/ 80 73 ;3.: /B8 > 7, 90//399:C8 90//3/B
60/ 9,384- .3 F743 - 6=38- 7-4: 72-99:
C8 .3= 843/D3840/

8 9-70 .3 A,3 09,//-8 .3//,;537 A,3 3= 843/D3840/ 80 -4/: 5,>- - .379,: .0 0


83<=:<389: - .3= 0874/,940/ 3==07 73 ;3.: /B8 6-/- 3239407 .3 6-<0 90820/;3 =0
374-5=393 374- 37637:2:
9-9:C8
- ;3.: .- .3 =- 3E9-D-9: C8 6-/- 2,8.-9:C8 .3 <-D: 0837 ;,/07 .3 9084389: C8 .3 7,3=0
/320/G-.0 908 <3043E4:= -7?90;0 6-/- =- 3I39,9: C8 .3 .3790=37 G-8I -7 > 7:
;: =-/37 73 @-/B
908 5-73 38 7399: 0837 4/-87D3/7-=37 40;-.-7 -8437 > .376,F7 .3 /3-=: G-/ 3= 4/-5-I0
/376394:D0 0 73 :
89=,:/B8 38 =- ;3.: .- =-7 3E9-D-9: 0837 /3-=:
G-.-7 60/ 2,3/- .3 =-7
=?
83-7 .3= 6/0>3940 0 .3 =-7 -,40/:
G-.-7 60/ 3= 843/D3840/
69

= 4/-5-I0 .3 3E9-D-9: 0837 D-/: -7 73 6-<-/B -= 6/39: 0 ,8:


4-/:0 .3 9084/-40 60/ 40.- 05/-
3I39,4-.- .3 -9,3/.0 908 3= 6/0>3940 =- 6/373843 37639: 2:
9-9:C8 > =-7 :874/,99:0837 .3=
843/D3840/ 6-/- =- /376394: D- 9=-73 .3 3E9-D-9: C8 3I 39,4-.- 7-4: 72-940/:-;3843 >
-9364-.- 60/ F743
= 6/39:0 ,8:4-/:
0 .353/B 9,5/: / 40.07 =07 907407 60/ 90893640 .3 =- 3E9-D-9: C8 3D384,-=
63/20/-9: C8 > D0=-.,/- /3;09: C8 9-/<,3 4/-8760/43 > .379-/<,3 .3 40.07 =07 ;-43/: -=37
3E9-D-.07 38 =-7 G08-7 .3 ,4: =:
G-9:C8 0 .3739@0 -7?90;0 7, 90//394- .: 7607:
9:C8 38
374-7 L=4:;-7 -;5: F8 .353/B 9,5/: / =07 907407 .3 40.-7 =-7 05/-7 6/0D: 7:
08-=37 >
90;6=3;384-/: -7 4-=37 90;0 =- 90874/,99: C8 .3 -993707 .37D? 07 .3 90//: 38437 .3 -<,-
90874/,99: C8 .3 9-,937 6/0D: 7:08-=37 4/-5-I 07 .3 90873/D-9: C8 .3 9-,937' -4-<,? -7
38902/-.07 9-: 77087 4-5=374-9-.07 -8.-;: 07 384:5-.07 > .37-<d37' > =07 3A,: 607
50;5307 4/-8760/437 ;-80 .3 05/- 3E6=07: D07 =:
;6: 3G- 2:
8-= .3 =- G08- .3 90874/,99: C8
> 38 <383/-= 40.0 90740 /3=-9: 08-.0 908 =- 90//394- 3I 39,9: C8 .3 =07 4/-5-I 07
37639: 2:
9-.07

= 0874/,940/ .353/B 9087: .3/-/ 38 /3=-9:


C8 908 =07 3E6=07:
D07 40.07 =07 907407 A,3
:
;6=:9-8 7, -.A,: 7:
9:C8 4/-8760/43 3790=4-7 -=;-938-;: 3840 D:<:=-89:- ;-83I 0 >
9084/0= @-74- 3= 7:
4:
0 .3 ,4:
=:
G-9:
C8

: 3= ;-43/: -= 3E9-D-.0 37 /09- 3= 6/39: 0 ,8:4-/:0 .353/B 9,5/: / 7, 3D384,-=


-=;-938-;: 3840 6-/- ,70 60743/:
0/ 38 =-7 9-84:
.-.37 > 7:4:07 73H-=-.07 60/ 3= 843/D3840/
3 =07 D0=L;3837 .3 3E9-D-9: C8 73 .379084-/B8 6-/- 2: 837 .3 6-<0 -A,3==07 A,3 73
3;6=338 38 =- 90874/,99: C8 .3 /3==3807 6-/- 374/,94,/-7 ;-;60743/? - ;,/07 .3
9084389: C8 .3 7,3=0 /320/G-.0 908 <3043E4:= 9089/3407 2:
=4/07 7,55-737 5-737 > 9-6-7 .3
/0.-.,/-

07 4/-5-I07 .3 .37;0843 > =:;6:3G- 6/3D:07 - =- 3I39,9: C8 .3 =-7 3E9-D-9:0837 73


;3.:/B8 > 6-<-/B8 .3 -9,3/.0 908 3= /4?
9,=0 .3 =-7 6/3738437 37639:
2:
9-9:
0837

=43/8-4:
D-

E9-D-9:
0837 D-/:
-7 7:
8 9=-7:
2:
9-/ 90 *;&+
34/0 9L5:

=43/8-4:
D-

E9-D-9:0837 D-/:
-7 38 /09- 38 7390 34/0 9L5:
90 *;&+
E9-D-9:
0837 D-/:-7 38 /09- 5-I0 -<,- 34/0 9L5:
90 *;&+
E9-D-9:
0837 D-/:-7 38 ;-43/:-= 90;L8 5-I
0 -<,- 34/0 9L5:
90 *;&+

- 4 A !J! ( # $J! (
!$ # D ! (
!" D H# # $ H ( /D 01
70

74- 7399: C8 9,5/3 7,;:8:74/0 .3 ;-80 ;-43/: -=37 3A,: 60 > =- 3I


39,9:C8 .3 40.0 3= 4/-5-I0
/3=-4:
D0 - 20/;-=343/?- 4/-8760/43 90=09-9: C8 9,/-.0 > .379: ;5/-.0 .3 40.-7 =-7 05/-7 .3
9089/340 /3A,3/: .-7 6-/- 3= .37-//0==0 7-4:72-940/:
0 .3= 9084/-40
0;6/38.3 9: ;:38407 705/39: ;:38407 G-8I -7 90=,;834-7-7 D: <-7 .:843=37 -=2-I
?-7 349
0.-7 =-7 374/,94,/-7 .3 9089/340 /320/G-.0 .3538 73/ 90874/,: .-7 .3 90820/;:.-. 908 =-7
37639: 2:
9-9: 0837 > .3 -9,3/.0 908 =-7 =? 83-7 > .: ;387: 0837 ;074/-.-7 38 =07 6=-807
374/,94,/-=37 > -/A,: 4394C8: 907 -.3;B7 .353/B 9,;6=: / 908 =-7 80/;-7 F98: 9-7 .3=
C.:<0 0=0;5: -80 .3 0874/,99: C8 : 7;0 37: 743843 .3= -H0 $##
- =09-=: G-9:C8 .3 I,84-7 .3 90874/,99: C8 80 : 8.: 9-.-7 38 =07 6=-807 374-/B 7,I34- - =-
-6/05-9: C8 .3= :843/D3840/ = 9084/-4: 74- .353 7,;: 8:
74/-/ - 7, 9074- =07 -99370/: 07
;074/-.07 38 =07 6=-807 9,-8.0 80 73 37639: 2:A,3 60/ 736-/-.0 38 =07 20/;,=-/: 07
02:9:-=37

)
= 93;3840 A,3 73 ,73 6-/- 9089/3407 ;0/43/0 > =39@-.-7 73 @-/B .3 2-5/: 9-9: C8 8-9: 08-=
C/4=-8. 0=0 73 -9364-/- 93;3840 .3 9-=: .-. > 9-/-943/?74:
9-7 ,8:
20/;37 A,3 80 6: 3/.-
/37:74389:
- 60/ -=;-938-;: 38407 38 908.: 9:
0837 80/;-=37 > 38 9-70 .3 A,3 73 7,;:8:74/3 38
7-907 37407 .353/B8 73/ =07 7,2:
9:3843;3843 @3/;F4: 907 2,3/437 3 :
;63/;3-5=37 6-/- A,3 3=
93;3840 80 7,2/- -=43/-9:
0837 .,/-843 3= 4/-8760/43 ;-83I 0 > -=;-938-;: 3840

= 93;3840 38 7-907 .353/B -=;-938-/73 38 7: 4:


07 73907 =:
5/37 .3 @,;3.-. 5: 38 D384:
=-.07 >
-: 7=-.07 .3= 7,3=0 0 9,-=A,:
3/ -;5: 3843 @L;3.0 0 .353/B 90=09-/73 ;-7 .3 $ 7-907 ,80
705/3 04/0 ,-8.0 3= 93;3840 @->- 7: .0 -=;-938-.0 38 =- 05/- .,/-843 ,8 63/: 0.0 ;->0/
.3 ;3737 80 60./B 73/ ,4: =:
G-.0 - ;3807 A,3 =07 9: =:
8./07 *387->0 .3 90;6/37:C8+
3I39,4-.07 908 3743 ;-43/: -= > =07 387->07 37639: -=37 705/3 3= ;: 7;0 .3;,374/38 A,3 3=
93;3840 374- 38 908.: 9:0837 7-4:72-940/:
-7 .3 =0 9084/-/:
0 73/B /39@-G-.0

07 -</3<-.07 </,3707 > 2: 807 6-/- =- 2-5/: 9-9:C8 .3 9089/3407 .353/B8 90820/;-/73 908 =-7
37639: 2:
9-9: 0837 .3 =- .37: <8-9: C8 Q && .3 =- 8 40.0 9-70 9,-8.0 =07 -</3<-.07 80
73-8 7,;: 8:74/-.07 60/ ,8- 4/:4,/-.0/- A,3 93/4: 2:
A,3 =- 9-=:.-. .3 =07 ;:
7;07 73 6/093.3/B -
3E4/-3/=07 .3 9-843/- 0 /: C 7:37 ;-43/: -= .3 -//-74/3 6/3D:- -,40/:
G-9:C8 > D:740 5,380 .3 =-
:843/D3840/?- 38 9-70 .3 3E: 74:
/ -=<,8- .,.- 705/3 =- 9-=: .-. .3 =07 ;-43/:-=37 73 40;-/- ,8-
;,374/- > 73 38D: -/- -= =-50/-40/: 0 6-/- 7, /376394:D0 -8B=:
7:7
71

= -</3<-.0 </,370 73/B </-D- 4-;: G-.- 0 /09- 4/: 4,/-.- =-D-.- .3 =- ;3I 0/ 9-=:.-.
05438: 5=3 38 2,38437 -6/05-.-7 60/ 3= : 843/D3840/ = 9084/-4: 74- .353/B 9084/0=-/ A,3 =07
.376-9@07 .3 ;-43/: -= 73 @-<-8 .3 .343/;: 8-.- 2,3843 73-8 .3 9-=: .-. ,8: 20/;3 > D38<-8
=:
5/37 .3 =0.0 > ;-43/: -= 0/<B8: 90 =- 9-=:
.-. .3= ;-43/: -= 70;34: .0 - =- 6/,35- .3 .37<-743
38 =- ;-A,: 8- .3 =07 B8<3=37 80 .353 9-,7-/ ,8 .37<-743 7,63/: 0/ -= N 38 6370 07
4-;-H07 .3 =07 -</3<-.07 </,3707 6,3.38 D-/: -/ 384/3 e J > $ e J =0- -</3<-.07 80 6,3.38
6/37384-/ 6=-807 .3 3E20=: -9:C8 .32:8:
.07 > .3538 6/0D38: / .3 6: 3./-7 0 /09-7 .3 </-80 2:80 :
60/ .: 2:
9,=4-.37 =09-=37 2,3/- 83937-/: - -=<,8- 3E9369: C8 38 =07 =: ;: 437 -843/:
0/37 3==-7
.3538 -90/.-/73 908 3= : 843/D3840/ = 4-;-H0 .3= -</3<-.0 </,370 73/B .3 $ e J6-/- ;,/07
> =07-7 908 376370/ ;->0/ .3 9; > .08.3 80 @->- 9089384/-9: C8 4-8 </-8.3 .3 -93/0
.3 /32,3/G0 A,3 3E:I
- 3= ,70 .3 ,8 4-;-H0 ;380/ -/- ;,/07 > =07-7 908 376370/ ;380/ .3
9; 37639: -=;3843 38 =-7 D:<-7 9-8-=37 3= 4-;-H0 ;BE: ;0 6-/- 3= -</3<-.0 </,370 73/B .3
fJ

= 9084/-4:
74- 05438./B =- -/38- 38 2,38437 A,3 .3538 70;343/73 - =- -6/05-9: C8 .3=
:
843/D3840/ =- -6/05-9: C8 .3 .343/;: 8-.- 2,3843 .3 7,;: 8:
74/0 80 90874:4,>3 =- -6/05-9: C8
.3 40.0 3= ;-43/: -= 7-9-.0 .3 3==- = 9084/-4: 74- 73/B 3= /376087-5=3 .3 A,3 =- 9-=: .-. .3 =-
-/38- 73- ,8: 20/;3 =: ;6:- .387- > =: 5/3 .3 =0.0 > ;-43/: - 0/<-8: G- = 4-;-H0 .353 374-/
90;6/38.: .0 384/3 M ;; > ;; ;,> 5: 38 </-.-.0
= ;0.,=0 .3 2:8,/- .3 =- -/38- .353 374-/ 90;6/38.: .0 384/3 M > & $ 3= : 843/D3840/ @-/B
63/:C.:
9-;3843 =07 -8B=: 7:
7 .3 =-7 -/38-7 6-/- 3= 5,38 9084/0= .3 =-7 ;3G9=-7 - 05/- .353/B
.:76083/ .3 =07 3=3;38407 83937-/: 07 6-/- 2-9: =:
4-/ 37407 -8B=:7:7 = 9084/-4:74- .353/B @-93/
63/:C.:
9-;3843 =07 387->07 .3 ;,374/-7 38 =-7 -/38-7 6-/- 93/9: 0/-/73 .3 =- 508.-. .3 =-7
;: 7;-7 38 9,-840 -= 908438: .0 .3 -/9: ==- > .3 ;-43/: - 0/<B8: 9- * 8 40.0 9-70 38 L=4:;-7 73
@-/B 90820/;3 - =07 6=-807 L=4:;07 90874/,94: D07+

= -=;-938-;: 3840 .3 -</3<-.07 2:807 > </,3707 .3538 @-93/73 37639: -=;3843 6/36-/-.07
6-/- 3743 2: 8 A,3 63/;: 4-8 A,3 3= ;-43/: -= 73 90873/D3 =:5/3 .3 4: 3//- 0 .3 3=3;38407
3E4/-H07
-.- -</3<-.0 73 -=;-938-/- 736-/-.-;3843 38 20/;- 4-= A,3 73 3D: 43 =- 736-/-9: C8 0
73</3<-9: C8 .3 4-;-H07 0 73 63/;: 4:
/B =- 063/-9: C8 .3 3A,: 60 .3 4/-99: C8 908 0/,<-
705/3 6: =-7 .3 -</3<-.0 </,370 - 3E4/-99: C8 .3 =07 ;-43/:-=37 .3 =-7 6: =-7 .3 -</3<-.07 73
@-/B 38 4-= 20/;- A,3 73 3=: ;: 83 @-74- 3= ;BE: ;0 =- 736-/-9: C8 .3 =07 ;-43/: -=37 =
9084/-4:74- .353 054383/ .3= : 843/D3840/ =- -6/05-9: C8 .3 =07 -</3<-.07 -8437 .3 ,4: =:
G-/=07
-7 6:=-7 .3 =07 -</3<-.07 .353/B8 6/0D33/73 908 2-9: =:
.-.37 .3 ./38-I 37 908 -843/: 0/:.-. -
7, ,70 = 9084/-4: 74- .353/B ;-84383/ .,/-843 40.0 3= 4: 3;60 ,8 -=;-938-;: 3840 .3
-</3<-.07 A,3 =3 63/;: 4-8 3= D-9:-.0 9084: 8,0 .3 9089/340 73<L8 3= 2=,I 0 83937-/: 0 *
9,-8.0 3= 9089/340 A,3 73 D- - ,4: =:
G-/ 37 .3 6=-84- *6/3;3G9=-.0+ 73 6,3.38 05D: -/ 374-7
/390;38.-9: 0837 -.3;B7 3= 6/0D33.0/ .3= 9089/340 .353 7,;: 8:74/-/ =- 93/4:2:
9-9:C8 .3 =-
9-=:.-. .3 =07 9089/3407 @39@- 60/ ,8 =-50/-40/: 0 /390809:.0

= -<,- 6-/- =- ;3G9=- .3= 9089/340 .353/B 73/ =:


;6:- 7:
8 B9:
.07 -93: 437 7-=37 ;-43/:-=37
0/<B8:907 =:
;07 0 9,-=A,: 3/ 04/- 7,74-89:
- 3E4/-H- A,3 6,3.- 63/I,.: 9-/ =- 9-=:.-. .3=
9089/340 .353/B 70;343/73 - 6/,35-7 .3 =-50/-40/: 0 6-/- .39:
.:/ 7, 607: 5=3 ,4:
=:
G-9:
C8
72

*-6=:
9- 70=0 38 3= 9-70 A,3 3= -<,- 80 73- 40;-.- .3= -9,3.,940 ;,8:
9:6-= 0 .3 A,35/-.-
A,3 ,73 6-/- 9-64-9: C8 .3 -9,3.,940 D3/3.-=+

0 374- 6/3D:
740 3= ,70 .3 -.:4:
D07 6-/ 3= 9089/340 - ;3807 A,3 38 9-707 37639: -=37 73 -D:73
3E6/37-;3843 6/3D: - -,40/:G-9:C8 379/: 4- .3 =- : 843/D3840/? - 908 5-73 38 387->07 .3
=-50/-40/:0 0 60/ 908.: 9:0837 3E4/3;-7 .3= 9=: ;- = 7,;: 8:74/0 0 :
890/60/-9:
C8 .3 -.: 4:
D07
,7-.07 60/ 3= 9084/-4: 74- 38 7, 6/0D39@0 73/B - 90740 7,>0 *90;0 37 3= 9-70 .3 =07
-93=3/-8437 0 =07 /34-/.-8437 6-/- 3D: 4-/ =-7 .37@:
./-4-9:0837 -93=3/-.-7 .35: .0 - =-7 -=4-7
43;63/-4,/-7 A,3 73 6,3.-8 6/37384-/ 38 3= .? - > 5-I -7 43;63/-4,/-7 38 =-7 @0/-7 .3 =-
809@3

= 9084/-4:74- .353/B 7,;: 8:74/-/ 3= 3A,:60 -.39,-.0 -6/05-.0 60/ =- : 843/D3840/?- 6-/- A,3
=-7 9-84: .-.37 .3 ;-43/: -=37 90;60838437 .3= 9089/340 73 ;: .-8 -= 6370 0 -= D0=,;38 -
I,: 9:
0 .3= : 843/D3840/ A,:38 60./B 0/.38-/ A,3 73 D3/: 2:
A,3 =- 3E-94:4,. .3 =-7 5-=-8G-7
93/9: 0/-/73 A,3 80 @->- 3//0/37 .3 ;3.: .- 7,63/:0/37 -= $N 38 ;-7 0 ;3807 = -<,- 6,3.3
;3.: /73 -= 6370 0 D0=,;38 908 D-/: -9:
0837 .3 3E-94: 4,. A,3 73 ;-8438<- 60/ .35-I 0 .3 $N
-7 9-84: .-.37 .3 93;3840 -/38- -</3<-.0 </,370 > -<,- A,3 3= 9084/-4: 74- 73 6/0608<-
,7-/ 38 =-7 ;3G9=-7 6-/- =0</-/ =-7 /37: 74389:-7 37639: 2:
9-.-7 .353/B8 73/ 70;34: .-7 - =-
-6/05-9: C8 .3 =- :
843/D3840/?- 6-/- =-7 90//37608.: 38437 6/,35-7 .3 =-50/-40/: 0

- /37:
74389:
- .3 =- 90;6/37:
C8 A,3 73 3E:
<:/B8 - =07 9089/3407 73/B8 38 <383/-= =-7 7:
<,:
38437)

-/- .?
-7)

• =-73 )& 67:X $ g<S9; && h< .3 93;3840 60/ ;& .3 9089/340
• =-73 ) M 67:X $ M g<S9; # h< .3 93;3840 60/ ;& .3 9089/340
• =-73 ) 67:X $ g<S9; MU h< .3 93;3840 60/ ;& .3 9089/340
• =-73 ) $M 67:X $ M g<S9; h< .3 93;3840 60/ ;& .3 9089/340
• =-73 ) : 9=C630 9089/340 9=-73 908 : 89=,7:
C8 .3 ,8 N .3 6: 3./- 38 D0=,;38

8 9-707 6-/4: 9,=-/37 38 A,3 73 /3A,: 3/38 /37: 74389:-7 7,63/:0/37 0 .: 23/38437 - =-7
;389: 08-.-7 73 : 8.:9-/-8 38 =07 6=-807 > 38 =07 20/;,=-/: 07 .3 9-84:
.-.37 .3 05/-
- /3=-9: C8 .3 -<,- 93;3840 73 9084/0=-/- 908 =- 6/,35- .3 J =,;6K =- 9,-= .353/B
-I ,74-/73 - =0 37639:2:
9-.0 38 3= -6-/43 7:<,: 3843)
087: 74389:- > ;-83I -5:=:
.-.) * =,;6+ 80 73 63/;: 4:
/B8 38 9089/3407 908 3E9370 .3 -<,- 0 7:
38 -=<L8 ;0;3840 3= 9089/340 4: 383 ,8- 9087: 74389: - ;B7 -==B .3 =07 =:
;:437 37639: 2:
9-.07
73/B /39@-G-.0 0 73 63/;: 4:/B A,3 -<,- -.: 9: 08-= 73- -</3<-.- 60/ =07 05/3/07 0
90874/,940/37 .3 =07 9-;: 0837 ;3G9=-.0/37 7:=07 @,5: 3/3 - ;3807 A,3 3==0 73- 70=:9:4-.0 6/0
=- : 843/D3840/? - 38 9-707 37639: -=37 = @39@0 .3 80 9,;6=: / 908 37407 /3A,: 7:407 73/B
I,74:2:
9-9: C8 6-/- /39@-G-/ 3= 9089/340

(
73

%&'()* +(*, - . /&01 %1 1 2 3


3 /32:
3/3 374- -/4:
9,=0 - =-7 D:
<-7 90=,;8-7 90=,;834-7 .: 843=37 D:
<-7 .3 -;-//3 D: <-7 .3
90/08-;: 3840 D:<-7 9:84- D: <-7 .3 9,5: 3/4- D:<-7 6-/- .:D:7:
0837 .3 ;,/07 38 5-H0 349 .3
-9,3/.0 908 =07 .34-==37 9087: <8-.07 38 =07 6=-807 374/,94,/-=37 3 @-/B8 908 =-7
.:;387: 0837 A,3 -6-/3938 38 =07 6=-807 374/,94,/-=37 ,7-8.0 20/;-=343/? - ;34B=: 9- 0 .3
;-.3/- 9,: .-8.0 A,3 374- 73 389,384/3 63/2394-;3843 /394- > =: ;6: - = : 843/D3840/
.353/B 90;6/05-/ 63/: C.: 9-;3843 60/ ;3.: 0 .3 387->07 .3 =-50/-40/:0 =-7 9-=:
.-.37 .3
=07 ;-43/:-=37 6-/- 374-5=393/ =-7 90;6-/-9: 0837 908 =0 3E:<:.0 38 374-7 37639:2:
9-9: 0837
3 .353/B 4383/ 38 9,384- 40.-7 =-7 37639: 2:
9-9: 0837 705/3 9089/3407 20/;-=34-7 > -93/0
.3 /32,3/G0 .-.-7 60/ 3= 9-6: 4,=0 .3 374/,94,/-7 > 9089/3407

3 3;6=3-/- 9089/340 > -93/0 .3 =-7 37639:


2:
9-9:
0837 908438:
.-7 38 =07 6=-807
374/,94,/-=37

= D0=,;38 .3 =07 .: 23/38437 4:


607 .3 9089/340 .3 -9,3/.0 908 =07 4F/;: 807 .3= 9084/-40
90874: 4,:
.07 > -9364-.07 60/ =- : 843/D3840/?- 73 ;3.: /B8 60/ 3= 8,;3/0 .3 ;34/07 =: 83-=37
9,-./-.07 > 9L5: 907 908 -6/0E: ;-9: C8 - ,8 .39: ;-= 3;6=3-8.0 =-7 .: ;387: 0837
:
8.: 9-.-7 38 =07 6=-807 0 3E6=? 9:
4-;3843 -6/05-.07 60/ =- : 843/D3840/?- 0 73 @-/B8
;3.: 9:0837 60/ 38902/-.-7 2-=7-7 05/-7 349 8:73 @-/B8 .3.,99: 0837 60/ =07 D0=L;3837
.3= -93/0 374/,94,/-= 0 60/ 6:3G-7 :89/,74-.-7 38 3= 9089/340 .3 D0=,;38 : 823/:
0/ - $ ;&
= 6-<0 73 32394,-/B - =07 /376394: D07 6/39: 07 ,8:4-/:07 374-5=39:.07 38 3= 9084/-40 =07
9,-=37 : 89=,:
/B8 3= 7,;: 8:
74/0 > 4/-8760/43 .3 40.07 =0 ;-43/: -=37 .3 9089/340 3A,: 607 >
@3//-;: 384-7 ;-80 .3 05/- .3763/.: 9:07 > 40.07 =07 <-7407 83937-/: 07 6-/- =- 3I39,9:C8
.3 =-7 05/-7 .3 -9,3/.0 908 =07 6=-807 > 37639: 2:
9-9: 0837

-9 . =* ) *

* )

743 4/-5-I
0 9087: 743 38 =- 3=-50/-9:
C8 4/-8760/43 90=09-9: C8 > D:
5/-.0 .3 ,8- ;3G9=-
.3 9089/340 @: ./B,=:90 90;0 374/,94,/- .3 6:70 6-/- 3= 60=:
.360/4: D0 908 0 7:8 /32,3/G0'
=- 3I39,9: C8 .3 I,84-7 3= -9-5-.0 3= 9,/-.0 > .3;B7 -94: D:.-.37 83937-/: -7 6-/- 7,
90//394- 90874/,99: C8 .3 -9,3/.0 908 =07 -=:83-;: 38407 904-7 7399: 0837 > 376370/37
:8.: 9-.07 38 =07 6=-807 .3= 6/0>3940 0 .343/;:8-.07 60/ 3= 843/D3840/

74-/B 90820/;-.0 60/ ,8- ;3G9=- @0;0<F83- .3 93;3840 -<,- -</3<-.07 2: 80 >
</,370 > -.:4:
D07 9,-8.0 37407 L=4:
;07 73 /3A,:
3/-8 ;-43/:
-=37 A,3 .353/B8 9,;6=:
/ =07
7:
<,:38437 /3A,:7:
407 5B7:
90
74

D #

= 93;3840 ,4: =:
G-.0 73/B 0/4=-8. .3 ;-/9- -6/05-.- 02: 9:-=;3843 3= 9,-= .353/B
9,;6=:/ =0 37639: 2:
9-.0 38 =- 80/;- ! M :=07 .09,;38407 .3= 6/0>3940 0 ,8-
37639:2:9-9: C8 6-/4:9,=-/ 80 73H-=-8 -=<0 .:
23/3843 73 3;6=3-/B 3= .380;:
8-.0 : 60

B%!

= -<,- A,3 73 3;6=33 6-/- =- ;3G9=- 0 6-/- 3= 9,/-.0 .3= 6-D:;3840 .353/B 73/ =:
;6:-
> =:
5/3 .3 -93:437 B9:.07 -GL9-/ ;-43/:- 0/<B8: 9- > 9,-=A,:
3/ 04/- 7,74-89:
- 63/I
,.:9:
-=
-= 6-D:;3840 43/;: 8-.0 8 <383/-= 73 9087: .3/- -.39,-.- 3= -<,- A,3 73- -64- 6-/-
3= 9087,;0 @,;-80

= 6! ;3.:
.0 73<L8 80/;- O$ #& 80 60./B 73/ :
823/:
0/ - 9:
890 *M+

= 908438:
.0 .3 7,=2-407 3E6/37-.0 90;0 X 80 60./B 73/ ;->0/ .3 ,8 </-;0 60/ =:
4/0
*$<S=+ , .343/;:8-9: C8 73 @-/B .3 -9,3/.0 908 =- 80/;- OM$U

, 908438:
.0 .3 : C8 9=0/0 .343/;:
8-.0 73<L8 80/;- OM$ 80 60./B 3E93.3/ .3
73:
7 </-;07 60/ =:
4/0 *U <S=+

B B! '(
#

3 9087:.3/- 90;0 4-= - =- 2/-99: C8 A,3 6-73 3= 4-;:


G .3 M ;; * 0 + /0D38./B .3
-/38-7 8-4,/-=37 0 .3 =- 4/:
4,/-9:C8 .3 /09-7 </-D-7 3790/:-7 7:
.3/L/<:
9-7 , 04/0 6/0.,940
A,3 /37,=43 -.39,-.0 - I ,:9:0 .3= 843/D3840/ = 60/9384-I3 .3 -/38- .3 4/:
4,/-9:C8 80
60./B 90874: 4,:
/ ;B7 .3= 4/3:84- 60/ 9:
3840 *& N+ .3= -</3<-.0 2:80

= -</3<-.0 2:
80 .353/B 9,;6=:
/ 908 =07 7:
<,:
38437 /3A,:
7:407)

! # #( $%$!# (
!$& % ((
!" $

,-8.0 80 73 438<-8 -84393.38437 705/3 3= -</3<-.0 2:


80 .:7608: 5=3 0 38 9-70 .3
.,.- 73 .353/B 90;6/05-/ A,3 =-7 7,74-89: -7 63/I
,.:
9:-=37 80 705/36-738 =07 7:
<,:38437
=?
;:437)

V
N

3//0837 .3 -/9:==- > 6-/4?


9,=-7 .3=3G8-5=37 O $$ $
-43/:-= A,3 6-7- 3= 4-;: G .3 M µ; * 0 + O $ M
-84:.-. .3 6-/4? 9,=-7 =:
D:-8-7 O $ M
08438:.0 .3 7,=2-407 3E6/37-.0 90;0 X O && $

.3;B7 80 73 63/;: 4:
/B 3= 3;6=30 .3 -/38- A,3 38 3= 387->0 90=0/:
;F4/:
90 6-/-
.34399:C8 .3 ;-43/:
-
0/<B8:9- 73<L8 80/;- .3 387->0 O $ 6/0.,G9- ,8 90=0/ ;B7 079,/0 A,3 3= .3 =-
;,374/- 6-4/C8
75

! (J( !

= -</3<-.0 2: 80 80 60./B 6/37384-/ /3-94:


D:.-. 604389: -= 908 =07 B=9-=:
7 .3= 93;3840 3
9087: .3/- A,3 3= -</3<-.0 37 604389: -=;3843 /3-94:D0 7:-= .343/;: 8-/ 7, 9089384/-9:C8
.3 : > =- /3.,99: C8 .3 -=9-=:
8:.-. ;3.: -843 =- 80/;- O & 73 054: 3838 =07
7:
<,: 38437 /37,=4-.07)

: Y 9,-8.0 ≥

: Y &M i M 9,-8.0 j

:73 3;6=3-8 -/38-7 6/0D38:


38437 .3 3790/:
-7 7:
.3/L/<:
9-7 73 90;6/05-/B A,3 80
908438<-8 7:
=:
9-407 :
8374-5=37 8:90;6,37407 23//0707

!#%" D C !
- 9,/D- </-8,=0;F4/:
9- .3= -</3<-.0 2:
80 .353/B 389084/-/73 .384/0 .3 =07 =?
;:437 A,3
73 73H-=-8 - 9084:
8,-9:C8)

( %

0/;-= =43/80
# M ;; &S K $
M ;; 0 #MO$
&U ;; 0 O$
$ $ ;; 0 $U M O M
U µ; 0& MOU
& µ; 0M $ O&
$M µ; 0$ O$

8 8:
8<L8 9-70 3= -</3<-.0 2:80 60./B 4383/ ;B7 .3 9,-/384- > 9:
890 60/ 9:
3840 * MN+
.3 ;-43/:
-= /3438:
.0 384/3 .07 4-;:
937 908739,4:D07

,/-843 3= 63/?
0.0 .3 90874/,99:C8 80 73 63/;: 4:
/B8 D-/:
-9: 0837 ;->0/37 .3 38 3=
;C.,=0 .3 2: 8,/- 908 /3763940 -= D-=0/ 90//37608.:3843 - =- 9,/D- -.064-.- 6-/- =-
2C/;,=- .3 4/-5-I0

!$! $ J! (
""
!$ %#(
@#

,-8.0 =07 .09,;38407 .3= 6/0>3940 =07 90843;6=38 73 3;6=3-/B8 6-7-.0/37


90874:4,:.07 60/ 5-//-7 =:7-7 .3 @:
3//0 =-7 9,-=37 73 4/-4-/B8 38 ,8 376-9:0 90;6/38.: .0
384/3 =- ;:4-. > 4/37 9,-/407 .3 7, =08<:4,. 908 ,8- 63=? 9,=- 2:
8- .3 -=<L8 6/0.,940 A,3
3D:
43 7, -.@3/389: - -= 9089/340 ,-8.0 =07 6-7-.0/37 73 90=0A,38 38 I ,84-7 .3
76

.:
=-4-9:C8 3= 3E4/3;0 90//37608.:3843 - =- 6-/43 4/-4-.- 73 6/043<3/B 908 ,8- 9B67,=-
.3 =08<:
4,. 90;6/38.: .- 384/3 9:
89,384- > 9:38 ;: =?
;34/07 *M ;;O$ ;;+

-7 D-/:
==-7 .3 @:
3//0 A,3 73 ,4:
=:
938 6-/- ,8:
C8 0 -89=-I
3 73/B8 90//,<-.-7

-7 9-/-943/?
74:9-7 > .:
;387:
0837 .3 =07 6-7-.0/37 > =-7 D-/:
==-7 .3 ,8:
C8 73/B8 =-7
:
8.: 9-.-7 38 =07 .09,;38407 .3= 6/0>3940

% $E%C D ( $&! ! % !
:7, ,4:
=:
G-9:C8 374B 6/3D:74- 38 =07 .09,;38407 .3= 6/0>3940 73 3;6=3-/B ,8 6/0.,940
A,?;: 90 .3 /390809: .- 9-=: .-. A,3 -6=:9-.0 ;3.: -843 -763/7:
C8 705/3 =- 7,63/2:
9:3 .3=
6-D:;3840 <-/-84: 93 3= 90//3940 9,/-.0 .3 F743 = 6/0.,940 60/ ,4:=:
G-/ .353/B 7-4:72-93/
40.-7 =-7 37639:2:
9-9: 0837 .3 9-=: .-. A,3 :
8.:A,3 7, 2-5/:
9-843

D !#!$&! ! "
! $ &! ! (
@# "&!J(
D # &! ! " % !

8 9-70 .3 A,3 =07 .09,;38407 .3= 6/0>3940 =0 .:


7608<-8 73 3;6=3-/B ,8 6-63=
:
;63/;3-5=3 37639: -= 0 ,8- =B;:
8- .3 60=:
34:
=380 6-/- =- 736-/-9:
C8 384/3 =-7 =07-7 > 7,
9-6- .3 -60>0 0 6-/- 2-D0/393/ 3= 90//3940 9,/-.0 .3= 6-D: ;3840

) "
"!# &! ! "
!$ %# !$

= ;-43/:
-= 73==-843 6-/- =- 6-/43 7,63/:0/ .3 =-7 I
,84-7 .3= 6-D:
;3840 .353/B -73<,/-/ =-
374-8A,3: .-. .3 =-7 ;: 7;-7 > 73/ /37:
743843 - =- -</37:C8 .3 -<38437 3E43/807 6-/- =0
9,-= .353/B 63/;-8393/ -.@3/: .0 - =07 50/.37 .3 =-7 =07-7

= ;-43/:
-= 73==-843 60./B 374-/ 90874:
4,:
.0 60/)

- 3G9=-7 .3 93;3840 -72B=4:


90 .3 63834/-9: C8 :
823/:
0/ - 80D384- *# + .F9: ;-7 .3
;:=?
;34/0 908 ,8 /3==380 ;:
83/-= 38 ,8- 6/060/9:C8 384/3 A,:
893 > 4/3:
84- > 9:
890 60/
9:
3840 *$MN O &MN+ 38 6370

5 3G9=-7 6=B74:
9-7 .3 -6=:
9-9: C8 38 2/?
0 0 9-=: 3843 9,>07 90;60838437 6/: 89:6-=37 708
9-,9@07 > -72-=40 38 6/060/9: 0837 D-/:-5=37 8 3743 9-70 3= 0874/,940/ .353/B
:
8.:9-/ =-7 6/060/9:0837 .3 =07 ;-43/:-=37 > =07 /37,=4-.07 .3 =07 387->07 .3 9-=:
.-.
63/4:
838437

= ;-43/:
-= A,3 73 ,73 6-/- 3= /3==380 .3 =-7 I
,84-7 .3 .:=-4-9:C8 .353/B 4383/ =- 7,2:9:3843
90;6/37: 5:=:
.-. 6-/- 63/;: 4:
/ =- .: =-4-9:
C8 .3 =-7 =07-7 7:
8 2=,:
/ @-9:
- 3= 3E43/:
0/ -7?90;0
9-6-9: .-. 6-/- /39,63/-/ =- ;->0/ 6-/43 .3 7, D0=,;38 -= .3790;6/: ;:/73 0
-570/53/B -<,- .3= 9089/340 2/3790 > 73/B =0 7,2: 9:3843;3843 : ;63/;3-5=3 6-/- : ;63.: /
=- 63834/-9: C8 .3= -<,- .3= 3E43/: 0/ , 376370/ 374-/B 90;6/38.: .0 384/3 A,: 893 >
.:39:09@0 ;: =?
;34/07 *$M;;O$ ;;+

2
77

07 6/:
89:
6-=37 3=3;38407 /3A,3/:
.07 6-/- =- 3I
39,9:
C8 .3 =07 4/-5-I
07 708 =07 7:
<,:
38437)

E%(
& &! ! "
! "
! ! (
@# !B B! $ "
! '! ( ! (
@# " #

-/- =- 3=-50/-9:
C8 .3 =07 -</3<-.07 6F4/307 73 /3A,: 3/38 3A,: 607 6-/- 7, 3E6=04-9: C8
9-/<,3 4/-8760/43 > 6/09370 - ,8: .-. .3 6/09370 9087: 74:/B 38 ,8- ,8: .-.
9=-7:
2:9-.0/- > .3 73/ 83937-/:0 ,8- 6=-84- .3 4/:4,/-9: C8 6/0D: 74- .3 4/:
4,/-.0/-7
6/:
;-/: - 739,8.-/:- > 43/9:
-/:
- 7:3;6/3 A,3 374- L=4: ;- 73 /3A,: 3/- -7?90;0 ,8 3A,: 60
.3 =-D-.0 - 6=-84- .353/B 374-/ 6/0D: 74- .3 =07 2:
=4/07 83937-/: 07 6-/- 9084/0=-/ =-
9084-;: 8-9:
C8 -;5: 384-= .3 -9,3/.0 908 =- /3<=-;384-9: C8 D: <3843

" D # $# $! ( $&! ! "


! % (@# "$ ! ! $ # ' D !" !$'(!$

,-8.0 73 3;6=33 3= ;F40.0 .3 90874/,99: C8 908 20/;-=34-7 2:


I-7 3= 3A,:60 ;?8:;0
83937-/:
0 6-/- =- 3I
39,9:
C8 .3 =-7 05/-7 374-/B :
843</-.0 60/ =07 7:
<,: 38437 3=3;38407)

D !" !$

-7 20/;-=34-7 6-/- =- 90874/,99: C8 80 .353/B8 4383/ ,8- =08<:4,. ;380/ .3 4/37 ;34/07
*& ;+ > 7, -=4,/- 73/B :
<,-= -= 376370/ .3= 6-D:
;3840 60/ 90874/,:/ 353/B8 4383/ =-
7,2:9:3843 /:
<:.3G 6-/- A,3 80 73 .320/;38 .,/-843 =- 90=09-9: C8 .3= 9089/340 > 7:D-8 -
73/D:/ 90;0 /:3=37 6-/- 3= .376=-G-;:3840 .3 3A,:607 6-/- 80 .320/;-/73 5-I 0 =-
9:/9,=-9:C8 .3 =07 ;: 7;07

8 =- ;:4-. .3 7, 376370/ > - =07 : 843/D-=07 /3A,3/:


.07 =-7 20/;-=34-7 438./B8 0/:
2:
9:07 6-/-
:
873/4-/ - 4/-DF7 .3 3==07 =-7 D-/:
==-7 .3 ,8:C8 0 -89=-I
3 9,-8.0 3==-7 374F8 90843;6=-.-7
38 3= 6/0>3940 .3 =-7 05/-7

- 2:
I-9:
C8 .3 =-7 20/;-=34-7 -= 7,3=0 73 @-/B ;3.: -843 6-7-.0/37 .3 -89=-I3 A,3 :
;6:
.-8
9,-=A,:3/ .376=-G-;: 3840 D3/4:
9-= , @0/:G084-= .35:38.0 374-/ 736-/-.07 90;0 ;BE:;0
,8 ;34/0 *$ ;+ > 3E: 74:
38.0 -= ;3807 ,80 *$+ 38 9-.- 3E4/3;0 .3 =-7 20/;-=34-7 0 38 =-
,8:C8 .3 =-7 ;:
7;-7

8 =-7 9,/D-7 =-7 20/;-=34-7 73 -90;0.-/B8 - =07 60=?


<0807 ;B7 908D38: 38437
6,.: F8.073 3;6=3-/ 20/;-=34-7 /394-7 /?
<:.-7 .3 =- =08<:
4,. A,3 /37,=43 ;B7 -.39,-.-

3 .353/B .: 76083/ .3 ,8 8L;3/0 7,2:9:


3843 .3 20/;-=34-7 6-/- 4383/ 90=09-.- 38 40.0
;0;3840 .3 =- 05/- ,8- =08<: 4,. 60/ ,4:
=:
G-/ :
<,-= 0 ;->0/ A,3 =- /3A,3/:
.- 6-/- 4/37 *&+
@0/-7 .3 4/-5-I0 ;B7 =- 9-84:.-. 83937-/: - 6-/- 63/;:4:
/ A,3 3= .3720/;-=343-.0 .3=
9089/340 73 @-<- - =-7 .:39:73:
7 *$U+ @0/-7 .3 7, 90=09-9:C8

E%(
& &! ! "
! #$ % (
@# "&!J(D #

74-/B :
843</-.0 60/ ,8- 3E438.3.0/- A,3 .3I -/B 3= 9089/340 2/3790 /36-/4:.0
,8:20/;3;3843',8- 43/;: 8-.0/- 4/-87D3/7-= 908 3=3;38407 .3 38/-73 90;6-94-9: C8 60/
D:5/-9:C8 > -=:
7-.0 4/-87D3/7-='> ,8- 43/;:
8-.0/- =08<: 4,.:
8-= A,3 /3-=: 93 3= -=:
7-.0 38
.:9@0 7384:.0
78

07 D:
5/-.0/37 7,63/2:9:-=37 .353/B8 4383/ ,8- 2/39,389: - 80 :
823/:
0/ - 4/37 ;:
= A,:
8:38407
*& M + 9:9=07 60/ ;:8,40 > =07 :
843/807 .3 9:890 ;: = *M + 9:
9=07 60/ ;: 8,40 - -;6=: 4,.
.3 =- D:
5/-9:C8 .353 73/ 7,2: 9:
3843 6-/- 73/ D:
7:5=3 38 =- 7,63/2:
9:3 .3= 9089/340 > <383/-/
,8- 08.- - 4/379: 38407 ;:=?
;34/07 *& ;;+ .3= D: 5/-.0/

-/- 3= -9-5-.0 7,63/2:


9:-= 73 ,4:
=:
G-/B8 ==-8-7 908 =- ;->0/ 7,63/2: 9:
3 607:5=3 A,3
63/;:4- 054383/ ,8 -9-5-.0 .3= 6-D: ;3840 -= 8: D3= 90//3940 > 7:
8 7,63/2:
9:37 60/07-7

" D # $&! ! "


! % (
@# "
!$ %# !$

-/- =- 3I
39,9:
C8 .3 =-7 I
,84-7 38 2/3790 73 3;6=3-/B ,8 3A,: 60 908 9,9@:==-7 D:
5/-8437 0
60./B8 3;6=3-/73 .:
7607: 4:
D07 6-/- =- :
873/9:
C8 .3 4:
/-7 9084:
8,-7 .3 6=B74:
90

:=-7 I
,84-7 73 3I39,4-8 705/3 3= 9089/340 38.,/39: .0 73 3;6=3-/B8 7:3//-7 9,>0 .:790
/3A,: 3/3 =- -6/05-9:C8 6/3D:
- .3= 843/D3840/ 38 =0 /3=-9:08-.0 908 3= ;-43/: -= 376370/ >
.:B;34/0 = 8L;3/0 83937-/: 0 .3 7:
3//-7 73 .343/;:8-/B ;3.: -843 387->07 .3 D3=09:.-.
.3 90/43 .3= 9089/340 3;6=3-.0 38 =- 90874/,99: C8 .3= 6-D:
;3840

* ) )

A&" ! (@# D! ( !" $ " ! ! (@# !B B! $


-7 2,38437 .3 ;-43/: -=37 -7?90;0 =07 6/093.: ;:
38407 > 3A,: 607 3;6=3-.07 6-/- =-
3E6=04-9: C8 .3 -A,3==-7 > 6-/- =- 3=-50/-9:C8 .3 =07 -</3<-.07 /3A,3/: .07 /3A,:
3/38
-6/05-9: C8 6/3D:- .3= 843/D3840/ =- 9,-= 80 :;6=:
9- 83937-/: -;3843 =- -9364-9: C8
60743/:0/ .3 =07 -</3<-.07 A,3 3= 0874/,940/ 7,;: 8:74/3 0 3=-50/3 .3 4-=37 2,38437 8:=0
3E:
;3 .3 =- /376087-5: =:
.-. .3 9,;6=: / 908 40.07 =07 /3A,:7:407 .3 374- 37639:2:
9-9:C8

07 6/093.: ;:38407 > 3A,:


607 .3 3E6=04-9:C8 9=-7:2:9-9:C8 4/:4,/-9:
C8 =-D-.0 > 3= 7:743;-
.3 -=;-938-;: 3840 .353/B8 <-/-84:G-/ 3= 7,;:
8:74/0 .3 ,8 6/0.,940 .3 9-=:.-.
,8:20/;3 :3= 0874/,940/ 80 9,;6=3 908 37407 /3A,3/: ;: 38407 3= 843/D3840/ 3E:
<:/B =07
9-;5: 07 A,3 9087:
.3/3 83937-/:07

:3;6/3 A,3 =-7 908.: 9:0837 =0 63/;:


4-8 =07 7,3=07 0/<B8:
907 3E:7438437 38 =- 9-6-
7,63/:0/ .3 =-7 9-843/-7 .353/B8 73/ 90873/D-.07 6-/- =- 60743/: 0/ /39,63/-9: C8 .3 =-7
3E9-D-9: 0837 > .3 =- D3<34-9: C8 8-4:
D- = -5-8.08-/ =-7 9-843/-7 43;60/-=37 3=
0874/,940/ /3;0.3=-/B 3= 43//380 6-/- /39,63/-/ =-7 9-/-943/?
74:
9-7 @: ./0=C<:9-7
7,63/2:9:-=37 .3 3==-7

$% ( "
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08 7,2:9:
3843 -843=-9: C8 -= :
8:9:0 .3 =07 4/-5-I 07 3= 0874/,940/ 7,;:8:
74/-/B -= 843/D3840/
6-/- 7, D3/:
2:
9-9: C8 ;,374/-7 /36/37384-4: D-7 .3 =07 -</3<-.07 93;3840 -<,- >
3D384,-=37 -.: 4:
D07 60/ ,4:
=:
G-/ -D-=-.-7 60/ =07 /37,=4-.07 .3 387->07 .3 =-50/-40/: 0 A,3
<-/-84:938 =- 908D38: 389: - .3 3;6=3-/=07 38 3= .: 73H0 .3 =- ;3G9=-

8- D3G 3= 843/D3840/ 32394L3 =-7 90;6/05-9: 0837 A,3 9087:.3/3 83937-/:


-7 > .F 7,
-6/05-9: C8 - =07 ;-43/:-=37 9,-8.0 /37,=438 7-4:
72-940/:
07 .3 -9,3/.0 908 =0 A,3
79

374-5=393 =- 6/373843 37639: 2:


9-9:
C8 3= 0874/,940/ .:
73H-/B =- ;3G9=- > .32:
8:/B ,8-
2C/;,=- .3 4/-5-I0 =- 9,-= 70;343/B - -6/05-9:
C8 .3= 843/D3840/ :
9@- 2C/;,=-
73H-=-/B)

O /060/9:0837 38 A,3 .3538 ;3G9=-/73 =07 -</3<-.07 .:


7608:
5=37 > =- </-8,=0;34/?
- .3
=07 -</3<-.07 90;5: 8-.07 60/ =07 4-;:
937 .3 M ;; & M ;; M ;; $# ;; $ M
;; # M ;; M ;; &U ; $ $ ;; U µ; $M µ; > M µ; * k $ $S k $k &S k $S k
&S k > 07 $U & M $ > +

O -7 .07:
2:
9-9:0837 .3 93;3840 -<,- =:
5/3 > 3D384,-=37 -.:
9:0837 60/ ;34/0 9L5:
90
*;&+ .3 9089/340 2/3790

O - 9087:
74389:
- .3= 9089/340

- 2C/;,=- .353/B /39087:


.3/-/73 9-.- D3G A,3 D-/?
3 -=<,80 .3 =07 7:
<,:
38437 2-940/37)

O = 4:
60 9=-73 0 9-43<0/?
- .3= 93;3840 > 7, ;-/9-

O = 4:
60 -570/9:
C8 0 4-;-H0 ;BE:
;0 .3= -</3<-.0 </,370

O = ;C.,=0 .3 2:
8,/- .3= -</3<-.0 2:
80 38 ;B7 .3 .07 .F9:
;-7 * +

O - 8-4,/-=3G- 0 6/060/9:
C8 .3 =07 -.:
4:D07

O = ;F40.0 .3 6,374- 38 05/-

07 .09,;38407 .3= 6/0>3940 :


8.:
9-/B8 =- /37:
74389:- 60/ 3E:
<:/ -= 9089/340 .374:
8-.0 - =-
90874/,99:C8 .3= 6-D:;3840 - /37:74389:- 37639:2:
9-.- 73/B =- 9-/-943/? 74:
9- -
2=3E04/-99:
C8 - D3:84:
09@0 * + .?-7 38 6/0534-7 6/:7;B4:9-7 .3 7399: C8 9,-./-.-

-/- 9-.- .07: 2:


9-9: C8 387->-.- 73 9084/0=-/B8 =- 9087:74389:
- * O + =-7
/37:
74389:-7 - 2=3E04/-99:C8 * O $ + - 7:
343 * + > D3:
84:09@0 * + .?
-7 > 9,-8.0 73
3E:I
- 3= 908438: .0 .3 -:/3 :
89=,:
.0 * O U+

07 387->07 .3 /37:
74389:- 73 ==3D-/B8 - 9-50 705/3 6/0534-7 6/093.38437 .3 9,-4/0 * +
-;-7-.-7 .: 23/38437 .3 9089/340 9082399: 08-8.0 73/: 37 .3 9,-4/0 * + 6/0534-7 60/
-;-7-.-

3 9-.- 73/: 3 73 387->-/B8 .07 * + 6/0534-7 - 7: 343 * + .? -7 > .07 * + - D3:84:09@0 * +


.?-7 05438: F8.073 =07 D-=0/37 ;3.: 07 .3 9-.- </,60 .3 /37,=4-.07 3 9087: .3/-/B 90;0
2C/;,=- .3 4/-5-I 0 =- ;3G9=- 9,>0 D-=0/ ;3.: 0 05438:.0 - D3: 84:
09@0 * + .? -7 7,63/3 =-
/37:74389:- 37639: 2:
9-.- 908 ;-/<38 7,2: 9:3843 6-/- A,3 73- /-G08-5=3 3763/-/ A,3 908
=- .:763/7:
C8 A,3 : 84/0.,93 =- 3I39,9: C8 .3 =- 05/- =- /37:
74389: - 9-/-943/?74:
9- /3-= .3
F74- 4-;5: F8 705/36-73 =- 37639: 2:
9-.-
80

- 9-84:.-. .3 93;3840 60/ ;34/0 9L5:


90 *;&+ .3 9089/340 80 73/B :823/:
0/ - 4/379:38407
*& + g:=0</-;07 - /3=-9:C8 -<,-S93;3840 80 73/B 7,63/: 0/ - M > 3= -7384-;: 3840
;3.: .0 73<L8 =- 80/;- O .353/B 374-/ 384/3 D3:
84:
9:890 > 9,-/384- ;:=?
;34/07
* M ;;O ;;+

#$! $ !! C
$( $ ! % (
@# !D $ &% !

7407 387->07 4:
3838 60/ 05I340 D3/:2:
9-/ A,3 908 =07 ;3.:07 .:
7608:
5=37 38 =- 05/- /37,=4-
607:5=3 2-5/:
9-/ ,8 9089/340 .3 =-7 9-/-943/?74:
9-7 3E:
<:.-7

-/- 9-.- .07: 2:


9-9: C8 .3 607: 5=3 -6=:9-9: C8 38 05/- .343/;: 8-.- - 6-/4: / .3 =07
387->07 6/3D: 07 .3 =-50/-40/: 0 73 32394,-/B8 387->07 .3 /37: 74389: - 705/3 6/0534-7
6/:7;B4: 9-7 6/093.38437 .3 73: 7 *U+ -;-7-.-7 .: 23/38437 9082399: 08-8.0 .07 * +
6/0534-7 60/ -;-7-.- =-7 9,-=37 73 387->-/B8 - 2=3E04/-99: C8 - 7: 343 * + .? -7
05438: F8.073 3= D-=0/ ;3.: 0 .3 =07 /37,=4-.07 .3 =-7 /04,/-7 -/- 9-.- 73/: 3 .3 6/0534-7
73 9084/0=-/B =- /37:74389: - > .3 73/ 83937-/: 0 3= -:/3 :
89=,: .0 908 =07 ;: 7;07 ;F40.07
3;6=3-.07 6-/- =07 387->07 6/3D: 07 :3= D-=0/ ;3.: 0 .3 =- /37:74389: - 05438: .- - =07 7: 343
* + .? -7 37 :
<,-= 0 7,63/: 0/ -= 09@384- 60/ 9: 3840 * N+ .3 =-7 /37: 74389:-7 37639: 2:9-.-7 -
=07 D3:84:09@0 * + .? -7 > 80 73 @-8 05438: .0 /37,=4-.07 2,3/- .3 37639: 2:
9-9: C8 6-/- =-
9087: 74389: - 0 3= -:
/3 :89=,:.0 73 32394,-/B ,8 4/-;0 .3 6/,35- 908 ,8 9089/340 .3
.:9@- .07: 2:
9-9: C8 8 9-70 9084/-/: 0 73 @-/B8 =07 -I,7437 83937-/: 07 @-74- 90873<,: / ,8
9089/340 A,3 9,;6=- =-7 3E: <389: -7 .3 3743 8,;3/-= = 4/-;0 .3 6/,35- 9,>- =08<: 4,.
73/B .343/;: 8-.- 60/ 3= 843/D3840/ 38 9087: .3/-9: C8 -= ;F40.0 .3 90;6-94-9: C8
60./B 73/ 90874/,: .0 60/ 2,3/- .3 =- 9-=G-.- 60/ 6-D: ;384-/ = 4/-;0 73/D: /B 6-/-
D3/:2:
9-/ A,3 =07 ;3.: 07 .3 D:5/-9: C8 .:7608: 5=37 708 9-6-937 .3 90;6-94-/
-.39,-.-;3843 3= 9089/340 38 40.0 3= 376370/ .3= 6-D: ;3840 A,3 73 9,;6=38 =-7
=:
;: 4-9:0837 .3 /3<,=-/: .-. > /,<07: .-. 374-5=39: .-7 60/ =- 6/373843 37639: 2:9-9: C8 A,3
3= 6/09370 .3 9,/-.0 > 6/04399: C8 .3= 9089/340 2/3790 37 -.39,-.0 > A,3 =-7 I ,84-7 73
/3-=:G-8 90//394-;3843

8 9-70 .3 A,3 =07 /37,=4-.07 .3= 6/:


;3/ 4/-;0 80 73-8 7-4:
72-940/:
07 73 90874/,:/B8 04/07
:
84/0.,9:38.0 D-/:-9: 0837 38 =07 3A,: 607 ;F40.07 .3 3I39,9:C8 0 : 89=,70 38 =-
.07:2:
9-9:C8 @-74- 054383/ ,8 6-D: ;3840 908 =-7 908.:9:0837 3E:<:.-7 0</-.0 F740 73
60./B 6/093.3/ - =- 90874/,99: C8 .3= 6-D: ;3840

3= 4/-5-I 0 7-4:
72-940/:0 73 3E4/-3/B8 73: 7 *U+ 4374:
<07 9:
=?
8./:907 - =07 9:89,384- > 9,-4/0
*M + .? -7 .3 =- 6,374- 38 05/- 6-/- =- .343/;: 8-9:C8 .3 =- /37:
74389: - .3= 9089/340
9-.- ,80 .3 =07 9,-=37 .: 74-/B .3= ;B7 6/CE: ;0 9,-8.0 ;3807 7: 343 ;34/07 * ;+ 38
7384: .0 =08<: 4,.:8-= > 374-/B 736-/-.0 ;B7 .3 A,: 8:
38407 ;:=?
;34/07 *M ;;+ .3
9,-=A,: 3/ I
,84- 0 50/.3 7407 4374: <07 73 387->-/B8 - 4/-99: C8 :
8.: /394- * O $$+ - =-
3.-. .3 9: 89,384- > 73: 7 *MU+ .?-7 =,3<0 .3 73/ 70;34: .07 - 9,/-.0 @L;3.0 .,/-843 =-7
9,-/384- > 09@0 * + @0/-7 6/3D: -7 -= 387->0

&! ! (@# "! $%& '( ( A( $ #


- ;3G9=- 80 73 3E438.3/B @-74- A,3 73 90;6/,353 A,3 =- 7,63/2: 9:3 705/3 =- 9,-= 73 D-
- 90=09-/ 438<- =- .387: .-. -6/06: -.- > =-7 904-7 :
8.:
9-.-7 38 =07 6=-807 0 .32: 8:.-7 60/
3= 843/D3840/ 0.-7 =-7 : //3<,=-/:
.-.37 A,3 3E93.-8 =-7 40=3/-89: -7 374-5=39: .-7 38 =-
37639: 2:
9-9:C8 .3 =- ,8: .-. .3 05/- 90//37608.: 3843 73 90//3<:
/B8 .3 -9,3/.0 908 =0
374-5=39: .0 38 3==- - 6=38- 7-4:72-99:
C8 .3= 843/D3840/
81

,-8.0 73 3;6=33 3= ;F40.0 .3 90874/,99: C8 908 20/;-=34-7 2:


I-7 73 9084/0=-/B A,3 7,
-=4,/- =:
5/3 90//37608.- 32394:
D-;3843 -= 376370/ .3 .:
73H0 .3 =-7 =07-7

8437 .3 D3/43/ 3= 9089/340 73 7-4,/-/B =- 7,63/2: 9:3 .3 -60>0 .3 =-7 =07-7 7:


8 A,3 73
6/3738438 9@-/907 0 7:3= 6/0>3940 =0 90843;6=- 73 9,5/: /B 908 6-63= 37639:-= 0 ;-43/:
-=
6=B74:
90 908 4/-7=-607 80 : 823/:
0/37 - 9:3840 9:89,384- ;: =?
;34/07 *$M ;;+ > 6=3<B8.073
=-43/-=;3843 9084/- =-7 20/;-=34-7 9,-8.0 F74-7 73 ,4: =:
938 = 4/-7=-60 73 @-/B 438: 38.0
38 9,384- =- 638.: 3843 =08<:4,.:8-= > 4/-87D3/7-= 6-/- -73<,/-/ =- :;63/;3-5: =:
.-.

8 40.07 =07 9-707 73 6/0@:5:


/B 9:/9,=-/ 705/3 =- 7,63/2:
9:3 6/36-/-.- 7-=D0 =-7 63/708-7 >
3A,: 607 :
8.: 76387-5=37 6-/- =- 3I
39,9: C8 .3= 6-D: ;3840

"
! ! (@# "
!D G "
!

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0 73 63/;: 4:
/B 8:8<L8 ;F40.0 .3 ;-83I0 > -=;-938-;: 3840 .3 =07 -</3<-.07 A,3
6,3.- 9-,7-/ 73</3<-9: C8 .3</-.-9:
C8 ;3G9=- .3 .: 74:
8407 4-;-H07 0 9084-;: 8-9:C8
908 3= 7,3=0 , 04/07 ;-43/:
-=37
- 9-84:.-. .3 =07 -</3<-.07 -=;-938-.07 -= :8:
9:-/ =-7 05/-7 .353 73/ 7,2:
9:3843 6-/-
A,:893 *$M+ .? -7 .3 4/-5-I0

)%D (#(
$ !"D ! #!D ( # " D #
= 93;3840 38 7-907 73 .353/B -=;-938-/ 38 7:
4:
07 73907 > -:
7=-.07 .3= 7,3=0 38 -906:
07
.3 80 ;B7 .3 7:343 ;34/07 * ;+ .3 -=4,/-

:3= 93;3840 73 7,;:


8:74/- - </-83= 73 .353/B -=;-938-/ 38 7:4:07 -:
7=-.07 .3 =-
@,;3.-. - 9-6-9: .-. ;BE: ;- .3 -=;-938-;: 3840 73/B =- 7,2:9:
3843 6-/- 3= 9087,;0
.3 .07 * + I
0/8-.-7 .3 6/0.,99: C8 80/;-=

0.0 93;3840 A,3 438<- ;B7 .3 .07 * + ;3737 .3 -=;-938-;: 3840 38 7-907 0 4/37 *&+
38 7:=07 .353/B 73/ 3E-;:
8-.0 60/ 3= 843/D3840/ 6-/- D3/:
2:
9-/ 7:-L8 37 7,79364:
5=3 .3
,4:
=:
G-9: C8

"D ! #!D ( # ! ((J $


07 -.:4:D07 73 6/043<3/B8 908D38: 3843;3843 .3 =- :
843;63/: 3 > .3 40.- 9084-;: 8-9:C8
07 7-907 .3 6/0.,9407 38 60=D0 73 -=;-938-/B8 5-I 0 9,5:3/4- > 0573/D-8.0 =-7 ;:7;-7
6/39-,9: 0837 A,3 38 3= 9-70 .3= -=;-938-;: 3840 .3= 93;3840 07 -.: 4:
D07
7,;: 8:
74/-.07 38 20/;- =?A,:.- 73 -=;-938-/B8 38 /39: 6:38437 374-8907

F$ %"!$
-7 5B79,=-7 6-/- 3= 637-I3 .3 =07 ;-43/:
-=37 .3538 4383/ ,8- 6/39:7:C8 ;?8:
;- .3 ,80
60/ 9:
3840 *l$N+ 3 9-=: 5/-/B8 9-.- D3G A,3 3= 843/D3840/ =0 9087:.3/3 83937-/:
0>
90;0 ;? 8:;0 9-.- A,: 893 *$M+ .? -7

= 3A,:60 .3 637-I3 374-/B -:


7=-.0 9084/- D:
5/-9:0837 > ;0D:;:38407 .3 04/07 3A,: 607 .3
=- 6=-84- .3 20/;- A,3 9,-8.0 =- 6=-84- 374F 38 2,89: 08-;:3840 =-7 =394,/-7 80 D-/?
38
38 ;B7 .3 ,80 60/ 9: 3840 *l$N+ 6-/- =07 .:23/38437 :
8</3.:
38437
82

* $( '( ! (@# " #


07 -</3<-.07 > 3= 93;3840 - </-83= 6-/- =- 2-5/: 9-9: C8 .3= 9089/340 73 .07:2:
9-/B8 60/
6370 60/ ;3.: 0 .3 3A,: 607 -,40;B4: 907 .3 .07:2:9-9: C8
8 =- 2C/;,=- .3 4/-5-I0 =-7 .07:2:
9-9: 0837 .3 =07 -</3<-.07 73 374-5=393/B8 38 6370 .3
;-43/: -=37 73907 438:
F8.073 38 9,384- 7, @,;3.-. -= -I ,74-/ =07 .:
7607:
4:
D07 .3 637-I
3
8 3= ;0;3840 .3 7, .07: 2:
9-9:C8 =07 -</3<-.07 438./B8 ,8- @,;3.-. 7,2: 9:3843;3843
5-I - 6-/- A,3 80 73 6/0.,G9- ,8 379,//: ;: 3840 D:7:5=3 .3 -<,- .,/-843 3= 4/-8760/43
.37.3 =- 6=-84- .3 .07: 2:
9-9: C8 -= .:
7607:4:
D0 .3 ;3G9=-.0

G" ! "$ D & # # $


- ;3G9=- 73 /3-=:G-/B 38 ,8- 6=-84- 9384/-= 8 05/-7 .3 63A,3H0 D0=,;38 73 60./B
-,40/:G-/ =- ;3G9=- 38 9-;: 0837 ;3G9=-.0/37 *;: E3/+ 9,>-7 9-/-943/?
74:
9-7 .3538
-.-64-/73 - =0 6/379/:40 38 3= -6-/43 M & .3 =- 6/373843 37639: 2:
9-9: C8 07
90;60838437 .3 =- ;3G9=- 73 : 84/0.,9:/B8 38 =- ;3G9=-.0/- .3 -9,3/.0 908 ,8-
739,389: - 6/3D:
-;3843 374-5=39: .- 60/ 3= 0874/,940/ > -6/05-.- 60/ 3= 843/D3840/ 07
-.:4:
D07 38 20/;- =?A,:.- 0 38 6-74- 73 -H-.: /B8 -= -<,- -8437 .3 7, :
84/0.,99:C8 38 =-
;3G9=-.0/- 07 -.: 4:
D07 38 60=D0 73 :84/0.,9: /B8 38 =- ;3G9=- I
,840 908 3= 93;3840 0 =07
-</3<-.07 3E93640 9,-8.0 3= -.: 4:
D0 908438<- 9=0/,/0 .3 9-=9: 0 38 9,>0 9-70 73
-H-.: /B 38 7390 ;3G9=-.0 908 =07 -</3<-.07 63/0 8,89- 38 9084-940 908 3= 93;3840'
80 0574-843 38 3743 L=4:;0 9-70 73 6/32: 3/3 -</3<-/=0 38 20/;- .3 .: 70=,9:
C8

% (@# "
!$ %# !$ # ' $
8 =-7 I
,84-7 =08<:4,.:8-=37 /37,=4-8437 .3 90=09-/ ,8- 2/-8I
- .3 9089/340 9084/- 04/- >-
90874/,: .- 73 -6=:9-/B -= 9-840 .3 F74- ,8 6/0.,940 A,3 3D: 43 =- -.@37:
C8 .3= 9089/340
8,3D0 908 3= -84: <,0

3 438./B 37639:-= 9,:


.-.0 .3 A,3 3= 9089/340 8,3D0 A,3 73 90=0A,3 - =0 =-/<0 .3 =-
I
,84- 73- @0;0<F830 > A,3.3 63/2394-;3843 90;6-94-.0 37639: -=;3843 9,-8.0 =-
I
,84- 73- .3= 4:
60 ;-9@: @3;5/-.0

! ! $%& '( (
!"

-=D0 A,3 73 :
874-=3 ,8 3A,:
60 .3 :=,;:
8-9:C8 A,3 /37,=43 :
.C830 - I
,:9:
0 .3= 843/D3840/ =-
90=09-9:C8 .3= 9089/340 73 7,7638.3/B 908 7,2:
9:3843 -84:9:6-9:
C8 6-/- A,3 =-7
063/-9:0837 .3 -9-5-.0 73 6,3.-8 9089=,: / 908 =,G 8-4,/-=

= -9-5-.0 .3 6-D: ;38407 90874/,:.07 384/3 20/;-=34-7 2:I


-7 73 /3-=:
G-/B 908 ,8-
43/;:8-.0/- -,406/06,=7-.- A,3 6,3.- /0.-/ 705/3 =-7 20/;-=34-7 0 =07 9-//: =37
-.>-938437 - .: 7607:
9:C8 > ;0D: ;:3840 .3= 3=3;3840 38/-7-.0/ 73/B8 =07 -.39,-.07
6-/- 3=:
;: 8-/ =-7 :
//3<,=-/:
.-.37 7,63/2:9: -=37 > 054383/ 3= 63/2:
= 7:
8 7,63/-/ =-7 40=3/-89:
-7
6/32:I
-.-7

8 6-D:
;38407 .374:8-.07 - 73/D:
/ 4/B87:
40 =:
<3/0 0 38 =,<-/37 A,3 60/ 7, 20/;- 0 ,5:
9-9:
C8
80 63/;:4-8 3= 3;6=30 .3 ;BA,:8-7 3= 38/-7-.0 60./B 32394,-/73 908 ==-8-7 ;-8,-=37

A % ! $%& '( (
!"
83

376,F7 .3 90;6/05-/ 3= -9-5-.0 7,63/2: 9:


-= > @-93/ =-7 90//399:0837 83937-/:-7 >
9,-8.0 3= 5/: ==0 6/0.,9: .0 60/ 3= -<,- @->- .37-6-/39: .0 73 =3 .-/B -= 6-D:
;3840 ,8-
43E4,/- 4/-87D3/7-= @0;0<F83- 38 20/;- .3 374/: -.0 60/ =- -6=: 9-9:C8 ;-8,-= 0
;39B8: 9- .3 ,8 936: ==0 908 6L-7 .3 6=B74:
90 -=-;5/3 , 04/0 ;-43/: -= -6/05-.0 60/ 3=
843/D3840/ 38 20/;- 7387: 5=3;3843 63/638.: 9,=-/ -= 3I
3 .3 =- 9-=G-.- .3 4-= 20/;- A,3
=-7 374/?
-7 438<-8 ,807 .07 ;: =?
;34/07 * ;;+ .3 6/02,8.: .-.

(@# " # ' $

,/-843 3= 4:
3;60 .3 2/-<,-.0 3= 9089/340 .353/B 73/ 6/043<:
.0 9084/- 3= =-D-.0 60/
==,D:- =- :
870=-9:
C8 .:/394- 3= D:
3840 > =- @,;3.-. -;5: 3843 5-I-

8 F609-7 ==,D:07-7 3= 843/D3840/ 60./B 3E: <:/ -= 0874/,940/ =- 90=09-9: C8 .3 ;-43/: -=37
:;63/;3-5=37 705/3 3= 9089/340 2/3790 @-74- A,3 -.A,: 3/- =- /37:
74389:
- 7,2:
9:3843 6-/-
A,3 3= -9-5-.0 7,63/2: 9:-= 80 73- -2394-.0 60/ =- ==,D:
- :3= 0874/,940/ 80 -4: 38.3 374-
7,<3/389:- > =-7 =07-7 7,2/38 .37=-D-.0 60/ 4-= 323940 .353/B 70;343/ =- 7,63/2: 9:
3-
/-8,/-.0 4/-87D3/7-= - 7, 9074- > - 6=38- 7-4: 72-99:C8 .3= 843/D3840/

,/-843 3= 63/?
0.0 .3 6/04399: C8 A,3 38 <383/-= 80 73/B :
823/:
0/ - 4/37 *&+ .?-7 - 6-/4:
/
.3 =- 90=09-9:C8 .3= 9089/340 374-/B 6/0@:5:.0 40.0 4:
60 .3 4/B87:40 705/3 F= 3E93640 3=
83937-/:0 6-/- 3= -73//-.0 .3 =-7 I
,84-7 9,-8.0 73 3;6=338 7:3//-7 ;39B8: 9-7

%! " #

= 9,/-.0 .3= 9089/340 73 .353/B /3-=:


G-/ 38 40.-7 =-7 7,63/2:
9:37 =:
5/37 :89=,>38.0 =07
50/.37 .3 =-7 =07-7 60/ ,8 63/?
0.0 80 :823/:
0/ - 7:
343 * + .?-7 > .3 73/ 607:5=3 73 .353/B
6/0=08<-/ @-74- .:3G *$ + .?-7 :8 3;5-/<0 3= 843/D3840/ 60./B ;0.: 2:9-/ .:
9@0 6=-G0
.3 -9,3/.0 908 =07 /37,=4-.07 05438:.07 705/3 ;,374/-7 .3= 9089/340 3;6=3-.0 38 =-
90874/,99:C8 .3= 6-D:;3840

%! #& % $E%C
D ( $E% ' D !# & "C %"
!(D& D ! "

,-8.0 3= 9,/-.0 73 /3-=: 93 908 6/0.,9407 .3 3743 4:60 3==07 73 .353/B8 -6=: 9-/
:
8;3.: -4-;3843 @->-8 9089=,: .0 =-7 =-50/37 .3 90=09-9:C8 > -9-5-.0 .3= 9089/340 > 3=
-<,- =:5/3 .3 =- 7,63/2:9:
3 @->- .37-6-/39: .0 90;6=34-;3843 : 8 3;5-/<0 5-I 0
908.: 9:0837 -;5: 384-=37 -.D3/7-7 .3 5-I- @,;3.-. /3=-4: D- -=4-7 43;63/-4,/-7 2,3/437
D:38407 0 ==,D:
-7 3= 6/0.,940 .353/B -6=: 9-/73 -8437 .3 9,;6=: /73 .:9@0 6=-G0

= 6/0.,940 .3 9,/-.0 A,3 73 3;6=33 .353/B 9,;6=: / =-7 37639:2:9-9: 0837 .-.-7 60/ 3=
2-5/:9-843 > =- .07:
2:
9-9:C8 .3 37407 6/0.,9407 73 @-/B 7: <,: 38.0 =-7 :
874/,99: 0837 .3=
;: 7;0 , -6=: 9-9:C8 73 ==3D-/B - 9-50 908 3A,: 607 A,3 -73<,/38 7, -763/7: C8 90;0 ,8
/09?0 2:
80 .3 20/;- 9084: 8,- > ,8:20/;3 = 3A,: 60 -763/70/ .353/B 374-/ 38 9-6-9: .-.
.3 ;-84383/ 3= 6/0.,940 38 7,76387: C8 > 438./B ,8 .:7607: 4:
D0 A,3 63/;: 4- 9084/0=-/ =-
9-84: .-. -6=:9-.- .3 =- ;3;5/-8-

,-8.0 =-7 I,84-7 73 /3-=:


938 60/ -73//-.0 73 -6=:
9-/B 3= 6/0.,940 .3 9,/-.0 705/3 =-7
6-/3.37 .3 3==-7 -;5: F8 73 -6=:
9-/B 705/3 B/3-7 38 =-7 A,3 60/ 9,-=A,:
3/ 9:
/9,874-89:-
=- 63=?
9,=- 73 @->- 374/063-.0 .,/-843 3= 63/? 0.0 .3 9,/-.0 3E93640 38 =-7
84

6/0E:;:.-.37 .3 =-7 I
,84-7 9,-8.0 3==-7 >- @->-8 7:
.0 73==-.-7 908 ,8 6/0.,940
5:4,;:8070

0 73 63/;:
4:/B =- ,4:
=:
G-9:
C8 .3 6/0.,9407 A,3 20/;38 63=?
9,=-7 9,>0 90=0/ 73- 83</0

%! & I%D !

,-8.0 73 0643 60/ 3743 7:


743;- .3 9,/-.0 =- 7,63/2:9:3 .3= 6-D:
;3840 73 9,5/:
/B 908
43=-7 .3 2:
A,3 , -=<0.C8 -/38- , 04/07 6/0.,9407 .3 -=40 60.3/ .3 /34389:
C8 .3
@,;3.-. ,8- D3G A,3 3= 9089/340 @->- -=9-8G-.0 =- 7,2: 9:
3843 /37:
74389:
- 6-/- A,3 80
73 D3- -2394-.0 3= -9-5-.0 7,63/2:9:-= .3= 6-D:
;3840

:
384/-7 ==3<- 3= ;0;3840 .3 90=09-/ 3= 6/0.,940 6/043940/ =- 7,63/2:
9:3 .3= 6-D: ;3840
73 ;-8438./B @L;3.- -6=: 9-8.0 -<,- 38 20/;- .3 /09?0 2:
80 > 8,89- 38 20/;- .3
9@0//0 07 ;-43/: -=37 ,4:
=:
G-.07 38 3= 9,/-.0 73 ;-8438./B8 7-4,/-.07 40.0 3= 4:
3;60
A,3 .,/3 3= 9,/-.0

0 73 63/;:
43 3= 3;6=30 .3 6/0.,9407 A,3 -4-A,38 0 .390=0/38 3= 9089/340

* $' D !" !

,-8.0 3= 6-D:;3840 73 90874/,>- 384/3 20/;-=34-7 2:


I-7 3= .3720/;-=343-.0 73 32394,-/B
=,3<0 .3 4/-879,//:
.-7 .:39:
73:7 *$U+ @0/-7 - 6-/4:
/ .3 =- 90=09-9:C8 .3= 9089/340 8
9,-=A,:3/ 9-70 3= 843/D3840/ 60./B -,;384-/ 0 /3.,9: / 3= 4:
3;60 38 2,89:C8 .3 =-
/37:
74389:
- -=9-8G-.- 60/ 3= 9089/340

$ ! %# !$

8 =-7 I
,84-7 4/-87D3/7-=37 3= 9089/340 38.,/39:.0 73 -73//-/B .3 20/;- > 38 :874-843 4-=37
A,3 3= 50/.3 .3 =- /-8,/- 73- =:;6:0 > -8437 .3 A,3 73 6/0.,G9-8 </: 34-7 .3 /34/-99:C8 38
=- 7,63/2:
9:3

-7 I
,84-7 =08<: 4,.:
8-=37 6,3.38 -73//-/73 38 9,-=A,:3/ ;0;3840 .376,F7 .3
4/-879,//:
.-7 D3: 84:
9,-4/0 * + @0/-7 .3 90874/,:.0 3= 6-D:
;3840 7: 3;6/3 A,3 73 -73<,/3
A,3 80 9: /9,=-/B 8:
8<L8 4/B2:
90 8:7:
A,: 3/- .3 05/- @-74- A,3 73 @->- @39@0 374-
063/-9: C8

!-74- 3= ;0;3840 .3 73==-.0 .3 =-7 I,84-7 0 @-74- 3= : 874-843 .3 -63/4,/- -= 4/B87:


40 38 3=
9-70 A,3 =-7 I
,84-7 73 D->-8 - .3I-/ 7:
8 73==0 3==-7 73 054,/-/B8 908 9,3/.-7 , 04/07
3=3;38407 7:
;: =-/37 908 3= 05I
340 .3 3D: 4-/ =- :
84/0.,99: C8 .3 9,3/607 3E4/-H07

) "
"! "
!$ %# !$

:8-=:
G-.0 3= 63/?0.0 .3 9,/-.0 > 7:374B 6/3D: 740 3= 73==-.0 .3 =-7 I
,84-7 73 =:
;6:
-/B8
9,:.-.07-;3843 3= 208.0 > =07 50/.37 .3 =- /-8,/- ;3.: -843 6/093.: ;:38407
7-4:
72-940/:07 6-/- 3= 843/D3840/ > 73 -6=:
9-/B ,8 /:3<0 .3 =:<- 38 =07 50/.37 9,-8.0 =0
/3A,:3/- 3= 4:
60 .3 ;-43/: -= 60/ 3;6=3-/
85

0743/:
0/;3843 73 90=09-/B 3= ;-43/: -= .3 73==0 6/3D:
740 38 =07 .09,;38407 .3= 6/0>3940
9,:.-8.0 =- =:
;6: 3G- .3 =- 063/-9:C8 /390<: 38.0 =07 3E93707 .3= ;-43/:-= .3 73==0 >
40;-8.0 6/39-,9: 0837 6-/- 3D: 4-/ A,3 =- I
,84- 73==-.- A,3.3 908 ;38: 790 908D3E0 0
6/373843 70=,9:0837 .3 9084:8,:
.-. 38 =07 50/.37

& % ! !" F#$(

= 6-D:
;3840 73 .-/B -= 73/D:9:
0 9,-8.0 3= 9089/340 @->- -=9-8G-.0 ,8- /37: 74389:
--
2=3E04/-99:C8 .3= 09@384- 60/ 9:3840 * N+ .3 =- 37639: 2:
9-.- - D3: 84:
09@0 * + .? -7
2-=4- .3 374- :
820/;-9: C8 3= 6-D:;3840 73 60./B -5/:/ -= 4/B87:
40 7C=0 .376,F7 .3
4/-879,//:
.07 .: 3G *$ + .?
-7 .37.3 =- 90=09-9:
C8 .3= 9089/340

* ' $! ! $ D & !#!$

:,8- =07- 6/37384- ,8- 70=- 2: 7,/- 6-/-=3=- 0 63/638.:9,=-/ - ,8- .3 =-7 I
,84-7 3=
843/D3840/ 60./B -,40/:G-/ 7, /39:50 7:.:
9@- 2:7,/- 63/;:
43 73/ 73==-.- 32394:D-;3843
:
9@0 73==0 73/B 32394,-.0 - 9074- .3= 0874/,940/

:73 6/37384-8 2:
7,/-7 .3 04/- 8-4,/-=3G- 90;0 =-7 .3 37A,: 8- 3= 843/D3840/ 60./B
-9364-/=- 6/3D:0 73==-.0 , 0/.38-/ 7, .3;0=:9:
C8 6-/9: -= > /390874/,99:
C8 0.-7 =-7
063/-9: 0837 - A,3 @->- =,<-/ 90//3/B8 60/ 9,384- .3= 0874/,940/

:- 9-,7- .3 ,8 -73//-.0 6/3;-4,/0 73 6/37384-8 .379-79-/-;: 38407 38 =-7 I


,84-7
.353/B8 73/ /36-/-.07 60/ 3= 0874/,940/ - 7, 9074- 908 ,8 ;0/43/0 .3 /37:
8- 36CE:9-
-6/05-.0 60/ 3= 843/D3840/

#$ J! (
@#

= 6-D:
;3840 .3 9089/340 @: ./B,=:
90 .353/B 73/ ;-8438: .0 38 63/2394-7 908.:
9:0837 60/
3= 0874/,940/ @-74- 3= /39:
50 .32: 8:
4:D0 .3 =07 4/-5-I
07

* ) * ) )

# "$

,/-843 =- 3I
39,9:
C8 .3 =07 4/-5-I
07 3= 843/D3840/ -.3=-84-/B =07 7:
<,:
38437 9084/0=37
6/:
89:6-=37)

O 3/:
2:
9-/ 3= 374-.0 > 2,89:
08-;:
3840 .3 40.0 3= 3A,:
60 3;6=3-.0 60/ 3= 0874/,940/

O 0;6/05-/ A,3 =07 ;-43/: -=37 60/ ,4:


=:
G-/ 9,;6=-8 40.07 =07 /3A,:
7:407 .3 9-=:
.-.
3E:
<:.07 60/ =- 6/373843 37639: 2:
9-9: C8

O 573/D-/ =- 90//394- -6=:9-9: C8 .3= ;F40.0 .3 4/-5-I


0 -6/05-.0 38 9,-840 - =-
3=-50/-9: C8 > ;-83I 0 .3 =07 -</3<-.07 -7?90;0 =- ;-8,2-94,/- 4/-8760/43
90=09-9: C8 90;6-94-9: C8 3I 39,9: C8 .3 I
,84-7 -9-5-.0 > 9,/-.0 .3 =-7 ;3G9=-7 .3
9089/340 A,3 90874: 4,>38 3= 6-D:;3840

O 2394,-/ =07 387->07 83937-/:


07 6-/- 3= 9084/0= .3 =- ;3G9=-
86

O 74-5=393/ 90//3=-9:
0837 384/3 =- /37:
74389:- - 2=3E04/-99:
C8 > =- /37:
74389:
- - 4/-99:
C8
:8.:
/394- 6-/- 3= 9089/340 908 3= 9,-= 73 90874/,>3 3= 6-D:
;3840

O :<:
=-/ =- /3<,=-/:
.-. 38 =- 6/0.,99:C8 .3 =07 -</3<-.07 > =- ;3G9=- .3 9089/340
.,/-843 3= 63/?0.0 .3 3I39,9: C8 .3 =-7 05/-7

O 0;-/ 904:.:
-8-;3843 ;,374/-7 .3 =- ;3G9=- A,3 73 3=-50/3 6-/- .343/;:
8-/ 7,
/37:
74389:
- - 2=3E04/-99:
C8

O 0;-/ 8L9=307 6-/- .343/;:


8-/ 3= 376370/ .3= 6-D:
;3840

O 3-=:
G-/ ;3.:
.-7 6-/- =3D-84-/ 63/2:
=37 ;3.:
/ =- 43E4,/- 7,63/2:
9:-= > 90;6/05-/ =-
,8:
20/;:.-. .3 =- 7,63/2:
9:3

07 0/:
2:
9:07 A,3 .3I38 =07 8L9=307 40;-.07 60/ 3= 843/D3840/ 6-/- .343/;: 8-/ 3= 376370/
.3= 6-D:;3840 > 04/07 9084/0=37 - A,3 @->- =,<-/ 73/B8 /3==38-.07 60/ 3= 0874/,940/ 7:8
90740 -=<,80 6-/- =- 384:
.-. 9084/-4-843 908 ,8- ;3G9=- .3 : <,-=37 9-/-943/?
74:
9-7 A,3
=- 3;6=3-.- 38 =- 90874/,99: C8 .3= 6-D:;3840 =- 9,-= .353/B 73/ 90//394-;3843
90;6-94-.- > 38/-7-.-

# ( ( # $ $& C
'( !$&! ! " ( " !# (
!$

!"
(! " D #

-.- D3G A,3 =0 9087:


.3/3 83937-/:
0 3= 843/D3840/ 32394,-/B =07 387->07 .3 9084/0= A,3
63/;:
4-8 D3/:
2:
9-/ =- 9-=:
.-. .3= 93;3840

!"
(! "!B%!

:
3;6/3 A,3 73 438<- -=<,8- 707639@- 705/3 7, 9-=:.-. 73 .343/;:
8-/B8 7, 6! > 7,7
908438:
.07 .3 ;-43/:- 0/<B8:
9- 7,=2-407 > 9=0/,/07

!"
(! " $!B B! $

3 9-.- 6/093.389: - .3 =07 -</3<-.07 3;6=3-.07 38 =- 90874/,99:C8 .3= 6-D:;3840 .3


9089/340 @:./B,=:
90 > 6-/- 9,-=A,: 3/ D0=,;38 6/3D:
740 73 40;-/B8 9,-4/0 * + ;,374/-7 >
.3 9-.- 2/-99:C8 .3 3==-7 73 .343/;: 8-/B8)

O = .37<-743 38 =- ;BA,:
8- .3 07 8<3=37 73<L8 =- 80/;- O $

O -7 6F/.:
.-7 38 3= 387->0 .3 70=:
.3G 38 7,=2-40 .3 70.:
0 0 .3 ;-<837:
0 .3 -9,3/.0 908
=- 80/;- O

O = 3A,:
D-=3843 .3 -/38- .3= -</3<-.0 2:
80 -6=:
9-8.0 =- 80/;- O$&&
87

O = 908438:
.0 .3 ;-43/:
- 0/<B8:
9- .3= -</3<-.0 2:
80 ;3.:
-843 3= 387->0 90=0/:
;F4/:
90
73<L8 80/;- .3 387->0 O $

O - 9089384/-9:
C8 .3 : > =- /3.,99:
C8 .3 -=9-=:
8:.-. .3 =07 -</3<-.07 2:
80 > </,370
.3 -9,3/.0 908 =- 80/;- O &

!"
(! &!$! $> J! (
""
!$ %#(
@#

-.- D3G A,3 =0 9087:.3/3 908D38: 3843 3= 843/D3840/ 32394,-/B =-7 6/,35-7 83937-/:-7
6-/- D3/:
2:
9-/ A,3 =- 9-=:
.-. .3= @:
3//0 3;6=3-.0 /37608.3 - =-7 3E: <389:-7 .3= 6/0>3940

% $E%C
D ( $&! ! % ! >D D !#!$ $ "
"!# %# !$

= 843/D3840/ .353/B 70=:


9:4-/ 93/4:
2:
9-9:0837 63/:
C.:9-7 - =07 2-5/:
9-8437 0 6/0D33.0/37 .3
37407 6/0.,9407 A,3 <-/-84: 938 7, 9-=:
.-. > 908D38:389: - .3 ,4:=:
G-9:
C8

!"
(! "
!D G "
!

! #$(
$ # (
!

= 843/D3840/ 9084/0=-/B =- 9087:74389:- .3 9-.- 9-/<- 4/-8760/4-.- 6-/- =0 9,-=


3E4/-3/B ,8- ;,374/- 38 3= ;0;3840 .3 =- 90=09-9: C8 .3= 9089/340 6-/- 70;343/=- -=
387->0 .3 -7384-;: 3840 * O + 9,>0 /37,=4-.0 .353/B 389084/-/73 .384/0 .3 =07
=?
;:437 :
8.:9-.07 38 374- 37639: 2:9-9:C8 8 9-70 .3 80 9,;6=: /73 3743 /3A,:
7:40 73
70;343/B8 - 0573/D-9: C8 =-7 =07-7 90874/,:
.-7 908 .:9@- 9-/<-

$($ # (!
0/ 9-.- 9: 89,384- ;34/07 9L5: 907 *M ;&+ 73 40;-/B ,8- ;,374/- 90;6,374- 60/
9,-4/0 * + 37639? ;3837 908 =07 9,-=37 73 2-5/:9-/B8 6/0534-7 6/: 7;B4:9-7 6-/- 387->07
.3 /37:74389:- - 2=3E04/-99: C8 * O $ + .3 =-7 9,-=37 73 2-==-/B8 .07 * + - 7:
343 * + .?
-7
> .07 * + - D3: 84:09@0 * + .? -7 =,3<0 .3 73/ 70;34: .-7 -= 9,/-.0 80/;-=: G-.0 07
D-=0/37 .3 /37:74389:- - 7:343 * + .?-7 73 3;6=3-/B8 L8: 9-;3843 6-/- 9084/0=-/ =-
/3<,=-/:.-. .3 =- 9-=: .-. .3 =- 6/0.,99: C8 .3= 9089/340 ;: 384/-7 A,3 =07 05438:.07 -
D3:84:
09@0 * + .? -7 73 3;6=3-/B8 38 =- 90;6/05-9: C8 .3 =- /37: 74389:
- .3= 9089/340

= 6/0;3.: 0 .3 =- /37:
74389:- .3 =07 .07 * + 37639: ;3837 40;-.07 7: ;,=4B83-;3843 .3 =-
;: 7;- ;3G9=- 73 9087: .3/- 90;0 ,8 387->0 :8<L8 D-=0/ .3 387->0 60./B 374-/ - ;B7
.3 .07 * + g<S9; 60/ .35-I 0 .3 =- /37:
74389:
- - 2=3E04/-99:C8 37639:2:
9-.- 60/ 3=
.: 73H-.0/ > 3= 6/0;3.: 0 .3 9,-=A,: 3/ </,60 .3 9,-4/0 * + 387->07 908739,4: D07 .353/B
73/ :<,-= 0 ;->0/ A,3 =- /37: 74389:- - 2=3E04/-99:C8 37639: 2:
9-.- 60/ 3= .:73H-.0/ ;B7 .07
g:=0</-;07 60/ 9384? ;34/0 9,-./-.0 * g<S9; +

:3= 6/0;3.:0 .3 =07 9,-4/0 * + 387->07 73 389,384/- 384/3 3= D-=0/ 37639:2:


9-.0 60/ 3=
.:73H-.0/ > 373 D-=0/ ;B7 .07 g:
=0</-;07 60/ 9384?;34/0 9,-./-.0 * g<S9; + 73 60./B
-9364-/ 3= 6-D:;3840 908 =-7 7-89: 0837 A,3 6-/- 3743 9-70 6/3D3- 3= 6=:3<0 .3
908.: 9:0837 7-=D0 A,3 3= 0874/,940/ .3733 A,3 - 7,7 3E6387-7 73 3I 39,438 =07 387->07
.3 :820/;-9:C8 =07 9,-=37 9087:74:
/B8 38 =- 40;- .3 73:
7 *U+ 4374:
<07 9:=?
8./:
907 -
88

736-/-9:0837 80 ;->0/37 .3 7:343 ;34/07 * ;+ 384/3 7?> .3 ;3.:0 ;34/0 * M ;+ .3


9,-=A,:
3/ I
,84- 0 50/.3 .3 =- 7,63/2:
9:3 D-9:-.- 908 =- ;3G9=- 05I340 .3 .:
79,7:
C8

7407 4374:
<07 .353/B8 73/ 40;-.07 -8437 .3 =07 9:89,384- > 9,-4/0 *M + .?-7 .3 =- 6,374-
38 05/- .3= 9089/340 > 73 387->-/B8 - 4/-99:C8 :8.:/394- * O $$+ - =- 3.-. .3
9:89,384- > 73:7 *MU+ .?
-7 =,3<0 .3 @-53/ 7:.0 90873/D-.07 .,/-843 9,-/384- > 09@0
* + @0/-7 38 9,/-.0 @L;3.0

= D-=0/ ;3.:0 .3 =07 /37,=4-.07 .3 37407 387->07 73 90;6-/-/B 908 3= D-=0/ ;3.:0
05438: .0 908 =07 4374:<07 3E4/-?.07 .3= 4/-;0 .3 6/,35- ;389: 08-.0 38 374-
37639: 2:9-9:
C8 :3= D-=0/ : <,-=- 0 7,63/- 3= 05438:.0 38 3= 4/-;0 .3 387->0 73
9087: .3/-/B -9364-5=3 =- /37: 74389:- .3= 9089/340 5-I0 .:
79,7: C8 8 9-70 9084/-/:0 73
-6=:9-/B8 =-7 7-89:0837 -8437 ;389: 08-.-7

:3= /37,=4-.0 .3 ,8 387->0 37 ;380/ 38 ;B7 .3 .07 g: =0</-;07 60/ 9384? ;34/0 9,-./-.0
* g<S9; + A,3 =- /37: 74389:- .3 .: 73H0 0 7:3= 6/0;3.: 0 .3 ,8 </,60 .3 9,-4/0 * +
387->07 908739,4: D07 /37,=4- :
823/:0/ - =- /37:
74389:
- .3 .:73H0 73 .3;0=3/B 3= 4/-;0 .3=
6-D: ;3840 05I 340 .3 =- 9084/0D3/7: - - 3E6387-7 .3= 0874/,940/ A,: 38 =0 /33;6=-G-/B -
7, 9074- 908 04/0 .3 9-=: .-. 7-4: 72-940/:-

-/- 2-9:=:
4-/ 3= 9084/0= F743 73 60./B /3-=:
G-/ 60/ ;3.:0 .3 6/0534-7 9:=?
8./:
9-7 70;34:.-7
- =- 6/,35- .3 4/-99: C8 :
8.: /394- 38 =,<-/ .3 387->-/ D:
<-7 6/:
7;B4:9-7 - 2=3E04/-99:
C8 7:
6-/- 3= 9089/340 908 3= A,3 73 90874/,>3 3= 6-D: ;3840 3= 843/D3840/ 374-5=393 ,8-
90//3=-9:C8 908 ,8 9032: 9:3843 .3 90//3=-9:C8 */ + ;->0/ .3 8,3D3 .F9: ;-7 * #+

!"
(! "& % D(
#!

- 9-6- 43/;:8-.- .353/B 6/37384-/ ,8- 7,63/2:


9:3 ,8:
20/;3 > -I
,74-/73 - =-7 /-7-8437 >
638.:38437 374-5=39:
.-7

- .:
74-89:- 384/3 3= 3I
3 .3= 6/0>3940 > 3= 50/.3 .3 =- 9-6- 90874/,:
.- 80 60./B 73/
;380/ A,3 =- :
8.:9-.- 38 =07 6=-807 0 =- .343/;:8-.- 60/ 3= 843/D3840/

- 904- .3 9,-=A,:
3/ 6,840 .3= 6-D:
;3840 9,/-.0 80 .353/B D-/:
-/ 38 ;B7 .3 .:
3G
;:
=?
;34/07 *$ ;;+ .3 =- 6/0>394-.-

.3;B7 3= 843/D3840/ .353/B 32394,-/ =-7 7:


<,:
38437 D3/:
2:
9-9:
0837)

! $& $

- D3/:
2:
9-9: C8 .3 376370/ 73 /3-=:G-/B 7,5.:D:
.:38.0 =- 7,63/2:
9:3 .3= 6-D:;3840 38 G08-7
908 ,8 B/3- .3 4/37 ;:= A,:8:
38407 ;34/07 9,-./-.07 *& M ; + 9-.- ,8- -.- G08-
73 7,5.:D:
.:/B 38 73940/37 .3 4/379: 89,384- ;34/07 9,-./-.07 *&M ; + 9-.- ,80
38407 9:
.35: 38.0 3E4/-3/73 .3 9-.- 73940/ .07 * + 4374:<07 9:=?
8./:
907 ;3.: -843 3A,: 607 6/0D:
7407
.3 5/09-7 /04-4:D-7 07 4374:<07 73 3E4/-3/B8 =,3<0 .3 4/-879,//:
.07 A,: 893 *$M+ .?-7
.37.3 =- 90=09-9: C8 .3= 9089/340

:3= 376370/ 6/0;3.:0 .3 =07 .07 * + 4374:


<07 90//37608.: 38437 - ,8 73940/ /37,=4- :
823/:
0/
-= 376370/ 43C/:
90 .3 .:
73H0 *3.+ 38 ;B7 .3 A,: 893 ;:=?
;34/07 *$M ;;+ 3= 6-D: ;3840 .3=
89

73940/ 73/B .3;0=: .0 > /390874/,:


.0 60/ 3= 0874/,940/ 908 ,8 9089/340 .3 =-7
9-/-943/? 74:
9-7 37639:2:
9-.-7 > 376370/ -.39,-.0 7: 8 90;6387-9: C8 -=<,8- <,-=
6/093.: ;: 3840 73 73<,:/B 9,-8.0 3= 376370/ .3 ,8 *$+ 4374:
<0 /37,=43 :
823/:
0/ 38 ;B7 .3
D3:843 ;:=?;34/07 * ;;+ 908 /3763940 -= 43C/: 90 .3= .:73H0

= /34:
/0 .3 =07 3790;5/07 90//3/B 4-;5:
F8 60/ 9,384- .3= 0874/,940/

3 9087:.3/-/B 90;0 376370/ 6/0;3.: 0 .3 =- G08- *3;+ -= 6/0;3.: 0 .3 =-7 -=4,/-7 .3 =07
4374:
<07 3E4/-?
.07 .3 3==- /3.08.3-.0 -= ;: =?;34/0 *;;+ ,-8.0 90//37608.- =-
.3;0=:9:C8 .3 ,8 73940/ 60/ =07 ;04:
D07 3E6,37407 38 3= 6B//-20 -843/:0/ =-7 -=4,/-7 .3 7,7
4374:
<07 80 73 9087:
.3/-/B8 38 3= 9B=9,=0 .3= 376370/ 6/0;3.: 0 .3 =- G08-

:3= 376370/ 6/0;3.: 0 .3 =- G08- 37 :823/:0/ -= 43C/:


90 .3 .:73H0 38 ;B7 .3 .07 ;: =?
;34/07
* ;;+ > @-74- .: 3G ;:=?
;34/07 *$ ;;+ 3= 6-D: ;3840 38 9,-840 @-93 - 7, 376370/ 3=
4/-5-I 0 73 -9364-/B 908 .379,3840 60/ .32: 9:389: - .3 376370/ = .379,3840 73 -6=: 9-/B
- =- G08- .3 =- 9,-= 73 3E4/-I3/08 =07 4374:
<07 6/3D: - .3.,99: C8 .3 =07 73940/37 .08.3
@->- 90//37608.: .0 =- .3;0=: 9:
C8 > =- /390874/,99: C8 = .379,3840 * + 38 60/9384-I 3
60/ -6=:9-/ 38 3= 6-<0 60/ ;34/0 9L5: 90 .3 6-D: ;3840 38 =- G08- -7?-2394-.- *(+ 73
9-=9,=-/B 908 =- 3E6/37: C8)

*3; i +
X $O _$
3.

74-8.0 =07 376370/37 *3.+ > *3;+ 38 ;:


=?
;34/07 *;;+

,-8.0 3= 376370/ 6/0;3.: 0 .3 =- G08- *3;+ 73- :


823/:
0/ -= 43C/:
90 .3 .: 73H0 *3.+ 38
;B7 .3 .: 3G ;:=?
;34/07 *$ ;;+ 3= 0874/,940/ .353/B .3;0=3/ /34: /-/ > .:76083/
3790;5/07 > /390874/,:/ 3= 6-D: ;3840 - 7, 9074- .3 ;0.0 .3 9,;6=: / 40.-7 =-7 3E:
<389:-7
.3 =- 6/373843 37639:2:
9-9: C8

(
$% !

- ,8:
20/;: .-. .3 =- 7,63/2:
9:3 73 90;6/05-/B 908 ,8- /3<=- .3 4/37 ;34/07 *& ;+
90=09-.- 6-/-=3=- 0 80/;-=;3843 -= 3I 3 .3 =- D?
- 38 7:
4:07 A,3 80 6/3738438 9-;5:07 .3
638.:3843 -7 : //3<,=-/:
.-.37 80 60./B8 3E93.3/ 38 8: 8<L8 6,840 3= =?;:43 :
8.:9-.0 38
3= -6-/43 M $& .3 374- 37639: 2:
9-9:
C8

A% !

= .?
- 7:<,:3843 .3 3I
39,4-.07 =07 4/-5-I07 A,3 73 :8.:
9-8 38 3= -6-/43 M $ .3 374-
37639: 2:
9-9:C8 73 .343/;:8-/B =- 6/02,8.:.-. .3 43E4,/- 60/ ;3.: 0 .3= 9?
/9,=0 .3 -/38-
* O #$+ -= ;3807 38 .:
3G *$ + 6,8407 -=3-40/: -;3843 3=3<:.07 60/ .?- .3 4/-5-I0
.35: 38.0 054383/73 ,8- 6/02,8.: .-. ;3.: - 80 ;380/ - 09@0 .F9: ;-7 .3 ;: =?
;34/0 *
;;+ 908 D-=0/37 : 8.:D:
.,-=37 80 :
823/:0/37 - 73:
7 .F9:;-7 .3 ;: =?
;34/0 * U ;;+ .3;B7
90

3= 9032:
9:3843 .3 /37:
74389:- -= .37=:
G-;: 3840 * O # + .353/B 73/ 9,-8.0 ;3807 .3
9,-/384- > 9:890 9384F7:;-7 * M+ :80 73 9,;6=38 374-7 3E: <389: -7 73 /39@-G-/B 3=
4/-;0 @-74- A,3 3= 0874/,940/ 6/373843 70=,9: 0837 6-/- -=9-8G-/ =07 D-=0/37 :
8.:
9-.07
9,>- :;6=3;384-9: C8 73/B - 7, 3E9=,7:
D0 90740

%B $( !

- /,<07:
.-. 7,63/2:
9:-= ;3.:
.- 38 ,8:
.-.37 80 60./B 73/ ;->0/ .3 4/37 ;34/07 60/
g:
=C;34/0 *& ;Sg;+

**

- ,8:
.-. .3 ;3.:.- .3= 6-D:
;3840 .3 9089/340 @: ./B,=: 90 *;&+
90 73/B 3= ;34/0 9L5:
-6/0E:
;-.0 -= .F9:;0 .3 ;34/0 9L5:
90 .3 9089/340 7,;: 8:
74/-.0 90=09-.0
90;6-94-.0 > 43/;:8-.0 .35: .-;3843 60/ 3= 843/D3840/

= D0=,;38 73 .343/;:
8-/B ;,=4:6=:
9-8.0 =- =08<:
4,. /3-= ;3.:.- - =0 =-/<0 .3= 3I
3 .3=
6/0>3940 60/ 3= -89@0 > 3= 376370/ 37639:
2:
9-.07 38 =07 6=-807 0 ;0.: 2:
9-.07 60/ 3=
843/D3840/

0 73 ;3.:
/B8 9-84:
.-.37 60/ 2,3/- .3 37407 =?
;:437

= 6-<0 73 @-/B -= 6/39:


0 .3= 9084/-40 60/ 40.- 05/- 3I39,4-.- .3 -9,3/.0 908 374-
37639:2:
9-9: C8 > -9364-.- - 7-4:72-99:C8 60/ 3= 843/D3840/

= 6/39: 0 ,8:4-/:
0 .353/B 9,5/: / 40.07 =07 907407 .3 -.A,: 7:9:
C8 054389: C8 .3 63/;: 707 >
.3/39@07 .3 3E6=04-9: C8 0 -=A,: =3/ .3 =-7 2,38437 .3 ;-43/: -=37 > 3= .379-6043 > =-
6/36-/-9: C8 .3 =-7 G08-7 60/ 3E6=04-/ 353/B 9,5/: / 4-;5: F8 40.07 =07 907407 .3
3E6=04-9: C8 .3 =-7 2,38437 .3 ;-43/: -=37'=- 73=399: C8 4/:4,/-9: C8 3D384,-= =-D-.0 >
9=-7: 2:9-9: C8 .3 =07 ;-43/: -=37 6F4/307'3= 7,;: 8:74/0 -=;-938-;: 3840 .3763/.: 9:07
9-/<,37 4/-8760/437 .379-/<,37 > ;3G9=- .3 40.07 =07 ;-43/: -=37 90874: 4,4:
D07 .3 =-
;3G9=- 9,>- 2C/;,=- .3 4/-5-I 0 73 @->- -6/05-.0 : 89=,: .07 =07 -.: 4:
D07'3= 7,;: 8: 74/0
-=;-938-;: 3840 .3763/.: 9:07 9-/<,37 4/-8760/437 .379-/<,37 > 90=09-9: C8 .3 =07
6-7-.0/37 D-/: ==-7 .3 ,8:C8 ;-==-7 3=394/070=.-.-7 3=3;38407 6-/- 736-/-9: C8 .3=
6-D: ;3840 0 9,/-.0 > ;-43/: -=37 6-/- 3= 73==0 .3 40.-7 =-7 I ,84-7 73<L8 =0 90843;6=3 3=
6/0>3940'3= 4/-8760/43 .3= 9089/340 -= 7: 4:
0 .3 =07 4/-5-I 07 7, 90=09-9: C8 > D:5/-.0 =-
3I 39,9: C8 .3 I,84-7 3= -9-5-.0 7,63/2: 9:-= > 3= 9,/-.0 /3A,3/: .0'=-7 :874-=-9: 0837
6/0D: 7:08-=37'=07 907407 .3 -//3<=0 0 90874/,99: C8 .3 =-7 D? -7 .3 -99370 - =-7 2,38437 .3
;-43/: -=37'=- -.39,-9: C8 6-: 7-I ?74:
9- .3 =-7 2,38437 6-/- /39,63/-/ =-7 9-/-943/? 74:9-7
@: ./0=C<: 9-7 7,63/2: 9:-=37 -= 43/;: 8-/ 7, 3E6=04-9: C8'=- 2-73 .3 3E63/: ;384-9: C8'=-
73H-=: G-9:C8 6/3D384: D- .3 =- D? - > 3= 0/.38-;: 3840 .3= 4/B87: 40 6L5=: 90 .,/-843 =-
/3-=: G-9: C8 .3 =-7 05/-7 > 3= 63/? 0.0 .3 9,/-.0 =- .3;0=: 9:C8 /34: /0 > .:7607: 9:
C8 .3 =-7
=07-7 /39@-G-.-7 > 38 <383/-= 40.0 90740 /3=-9: 08-.0 908 =- 90//394- 3I 39,9: C8 .3 =07
4/-5-I 07 37639: 2:9-.07

- 6/36-/-9:C8 .3 =- 7,63/2:
9:3 3E:
743843 73 9087:
.3/- : 89=,:
.- 38 3= :
43; /323/3843 - =-
9-6- - =- 9,-= 90//37608.3 .: 9@- 7,63/2:
9:3 > 60/ =0 4-840 80 @-5/B =,<-/ - 6-<0
91

736-/-.0 60/ 3743 90893640 :.: 9@0 :


43; 80 374B :89=,:
.0 38 3= 9084/-40 3= 0874/,940/
.353/B :89=,:/ 3= 90740 .3 =- 6/36-/-9:
C8 .3 =- 7,63/2:
9:3 3E:
743843 .384/0 .3= 6/39:
0
,8:4-/:
0 .3= 6-D: ;3840 .3 9089/340 @: ./B,=:
90

$ 0G- 38 9089/340 @:
./B,=:
90 6-/- 6:
70 60=:
.360/4:
D0
34/0 9L5:90 *;&+

* .

* )

743 4/-5-I
0 9087:743 38 3= 7,;:
8:74/0 4/-8760/437 -=;-938-;: 3840 90/43 .05=-;: 3840 >
90=09-9: C8 .3 =-7 5-//-7 .3 -93/0 .384/0 .3 =-7 .: 23/38437 374/,94,/-7 63/;-838437 .3
9089/340 .3 -9,3/.0 908 =07 6=-807 .3= 6/0>3940 374- 37639: 2:
9-9: C8 > =-7 :
874/,99:
0837
.3= 843/D3840/

! !$ '% G

353/B8 9,;6=: / 908 =- ;B7 -6/06:-.- .3 =-7 7:


<,:
38437 80/;-7 73<L8 73 374-5=3G9- 38
=07 6=-807 .3= 6/0>3940) $U$ M> ' ! O&$ > O U

"
!D D !"
"!$ !"!D

353/B8 9,;6=:
/ 908 =-7 7:
<,:
38437 80/;-7 ! 73<L8 90//37608.-) O& OMM O
$> O M

$ $ @( $ "
!$ ! !$ '% G

-/- 3239407 .3 6-<0 .3 =-7 5-//-7 73 9087:


.3/-/B8 =07 63707 ,8:
4-/:
07 A,3 73 :
8.:
9-8 38
=- -5=- 0 U $

! "
! 637

) * ) ) * ** *

* )
D &%"
B! !$ TBMD
- 7 63 M3 7 -4
0 7 84 0M: 7 46
92

3 -9 M- 77
4 49 4M: 44
6 8 0M3 - -3
9 - -- 9M: 0 73
: - 43 0 89
8 - :9 M: 4 76
7 0 -0 M3 63
0 4: 0M: 98
3 3 07 0M3 0:
: 4 90 - M3 -7 -3

07 8L;3/07 .3 .37: <8-9: C8 708 :


<,-=37 -= 8L;3/0 .3 094-D07 .3 6,=<-.- .3= .:
B;34/0
80;: 8-= .3 =-7 5-//-7 /376394:
D-7

3 /3A,:
3/3 3A,:
60 :
.C830 6-/- 3= 90/43 > .05=-.0 .3 =-7 5-//-7 .3 /32,3/G0

: 73 -,40/:
G- 3= 3;6=30 .3 70=.-.,/- 3= 0874/,940/ .353/B .:
76083/ .3= 3A,:
60
-6/06:-.0 6-/- .:9@- =-50/

3 /3A,:3/38 -.3;B7 3=3;38407 A,3 63/;:


4-8 -73<,/-/ 90//394-;3843 3= /32,3/G0 38 7,
607:9:C8 -7?90;0 @3//-;:
384-7 ;380/37

* ) )

"
!# $ $&(

8437 .3 90/4-/ 3= ;-43/:-= - =07 4-;-H07 :


8.: 9-.07 38 =07 6=-807 3= 0874/,940/ .353/B
D3/:2:
9-/ =-7 =:
74-7 .3 .376:
393 > =07 .:-</-;-7 .3 .05=-.0 :=07 6=-807 80 =07 ;,374/-8
=-7 =:
74-7 > .:-</-;-7 .353/B8 73/ 6/36-/-.07 60/ 3= 0874/,940/ 6-/- =- -6/05-9: C8 .3=
843/D3840/ 63/0 4-= -6/05-9: C8 80 3E:;3 - -A,3= .3 7, /376087-5: =:
.-. 60/ =- 3E-94:4,.
.3 =07 ;: 7;07 8 3743 9-70 3= 0874/,940/ .353/B 90843;6=-/ 3= 90740 .3 =- 3=-50/-9: C8
.3 =-7 =:
74-7 > .:-</-;-7 ;389: 08-.07 38 =07 6/39:
07 .3 7, 023/4-

:3= 0874/,940/ .373- /3=09-=: G-/ ,8- I,84- .3 90874/,99: C8 38 9,-=A,: 3/ 6-/43 .3 ,8-
374/,94,/- 6-/- =- 9,-= 3= 843/D3840/ =3 @->- 7,;: 8:74/-.0 6=-807 .3 /32,3/G0 > =:
74-7 .3
.376: 393 > .: 9@- /3=09-=:G-9:C8 37 -6/05-.- 60/ 3= 843/D3840/ 3= 0874/,940/ .353/B
/3D:7-/ - 7,7 3E6387-7 =07 6=-807 > =: 74-7 .3 .376: 393 A,3 90//37608.-8 - =- I ,84-
6/06,374- > 70;343/ =-7 ;0.: 2:
9-9: 0837 /376394:D-7 - -6/05-9: C8 .3= 843/D3840/ 9,-8.0
;3807 4/3: 84- *& + .?
-7 -8437 - =- 239@- 6/3D:74- 6-/- 3= 90/43 > .05=-;:3840 .3= /32,3/G0
6-/- .: 9@- 6-/43 .3 =- 05/- : 60/ 9,-=A,: 3/ /-GC8 3= 0874/,940/ 80 9,;6=3 3743
/3A,: 7:
40 =- I,84- > 3= /32,3/G0 90//37608.: 3843 .353/B8 73/ .3I -.07 7:8 ;0.: 2:
9-9: C8
-=<,8- 73<L8 73 ;,374/3 38 =07 6=-807 7,;: 8:
74/-.07 60/ 3= 843/D3840/

)%D (
#($ !"
D! #!D ( #
93

0.0 38D?0 .3 -93/0 .3 /32,3/G0 A,3 ==3<,3 -= 7:


4:
0 .3 =- 05/- 0 -= =,<-/ .08.3 D->- - 73/
.05=-.0 .353/B 374-/ : .384:2:
9-.0 908 34:A,34-7 38 =-7 9,-=37 73 :8.:
A,38 =- 2B5/:
9- 3=
</-.0 .3= -93/0 > 3= =043 0 90=-.- 90//37608.:
3843

= -93/0 .353/B 73/ -=;-938-.0 38 20/;- 0/.38-.- 60/ 389: ;- .3= 8:D3= .3= 43//380
705/3 6=-4-20/;-7 =-/<,3/07 , 04/07 7060/437 .3 ;-43/: -= -.39,-.0 > .353/B 73/
6/043<: .0 @-74- .08.3 73- 607: 5=3 9084/- .-H07 ;39B8: 907 > .343/:
0/0 7,63/2: 9:-=
:89=,>38.0 =07 3239407 .3 =- :
843;63/:3 > -;5:
38437 90//07:
D07

* "
!D ( #

-7 5-//-7 .3 /32,3/G0 .353/B8 73/ .05=-.-7 38 2/?0 .3 -9,3/.0 908 =-7 =:


74-7 .3 .376:
393
-6/05-.-7 60/ 3= 843/D3840/ 07 .:B;34/07 ;? 8:;07 .3 .05=-;:3840 ;3.: .07 38 3=
:
843/:0/ .3 =- 5-//- 908 3E9369:C8 .3 2=3I
37 > 374/:
507

! "
! 637 -

* * *

- U .:
B;34/07 .3 5-//-
# - $$ .:
B;34/07 .3 5-//-
$ -$ $ .: B;34/07 .3 5-//-

= .:
B;34/0 ;?8:;0 .3 .05=-;: 3840 6-/- 2=3I
37 , 04/07 3=3;38407 7:
;:=-/37 .3 -;-//3 80
73/B ;380/ A,3 9,-4/0 * + .:
B;34/07 .3 =- 5-//- 6-/- 5-//-7 0 M 0 ;380/37

" ! (
@# !D !

= 73/ 90=09-.0 38 =- 05/- > -8437 .3 2,8.:


/ 3= 9089/340 40.0 3= -93/0 .3 /32,3/G0 .353/B
374-/ =:5/3 .3 60=D0 CE:.0 38 379-;-7 /35-5-7 6: 84,/- -93:43 0 9,-=A,: 3/ 04/0 ;-43/:
-=
3E4/-H0 A,3 6,3.- -2394-/ -.D3/7-;3843 =- -.@3/389: - 0.0 3= ;0/43/0 7390 .353/B
73/ A,: 4-.0 .3= -93/0

-7 D-/:==-7 .353/B8 73/ 90=09-.-7 908 3E-94: 4,. .3 -9,3/.0 908 =-7 : 8.:9-9:0837 .3 =07
6=-807 > .353/B8 73/ -73<,/-.-7 2: /;3;3843 38 =-7 607:9:
0837 73H-=-.-7 .3 ;-83/-
A,3 80 7,2/-8 .376=-G-;: 38407 .,/-843 =- 90=09-9: C8 > 2/-<,-.0 .3= 9089/340 -
607: 9:
C8 .3= /32,3/G0 .384/0 .3 =-7 20/;-=34-7 .353/B 73/ ;-8438: .- 60/ ;3.: 0 .3
4:/-8437 5=0A,37 7:==34-7 .3 ;34-= 376-9: -.0/37 0 9,-=A,:3/ 04/0 7060/43 -6/05-.0 07
5=0A,37 .353/B8 73/ .3 ;0/43/0 .3 93;3840 6/32-5/: 9-.0 .3 9-=: .-. 20/;- >
.: ;387:0837 -6/05-.-7 -7 7:==34-7 .3 ;34-= A,3 384/38 38 9084-940 908 =- 7,63/2:9: 3
3E43/:0/ .3= 9089/340 .353/B8 73/ <-=D-8: G-.-7 0 73 63/;: 4:/B 3= ,70 .3 <,:I
-//07
2/-<;38407 .3 6: 3./- 0 =-./:
==07 A,35/-84-.07 4,53/?- .3 ;34-= 0 5=0A,37 .3 ;-.3/-
94

-7 5-//-7 73 .353/B8 -;-//-/ 908 -=-;5/3 38 40.-7 =-7 : 843/7399:0837 3E93640 38 3=


9-70 .3 376-9: -;: 38407 ;380/37 .3 4/3:
84- 9384?;34/07 *& 9;+ 38 3= 9,-= 73 -;-//-/B8
-=43/8-.-;3843 = -=-;5/3 ,7-.0 6-/- 3= -;-//3 .353/B 4383/ ,8 .: B;34/0 3A,:D-=3843
.3 U MC 6,=<-.-7 *$ M M C & ;;+ 0 9-=: 5/3 3A,:D-=3843 0 73 63/;:4:
/B
=- 70=.-.,/- .3 =-7 :
843/7399:
0837 .3 =-7 5-//-7 .3 /32,3/G0

-7 5-//-7 .353/B8 A,3.-/ 90=09-.-7 .3 4-= ;-83/- A,3 =- .:


74-89:
- =:5/3 384/3 5-//-7
6-/-=3=-7 90=09-.-7 38 ,8- 2:=- 80 73- ;380/ A,3 3= .:
B;34/0 80;:8-= .3 =- 5-//- 8:
;380/ .3 D3: 84:
9:890 ;:=?
;34/07 * M ;;+ 8:;380/ .3 ,8- > ,8 43/9:0 *$ $S&+ D3937 3=
4-;-H0 ;BE: ;0 80;:8-= .3= -</3<-.0 </,370

,-8.0 73 90=0A,38 .07 * + 0 ;B7 2: =-7 .3 5-//-7 =-7 .3 =-7 2:=-7 7,63/:
0/37 .353/B8
90=09-/73 .:/394-;3843 389:;- .3 =-7 .3 =- 2:
=- :
823/:
0/ > =- 736-/-9:C8 =:
5/3 384/3 2:
=-7 80
.353/B 73/ ;380/ .3 D3:
84:9:
890 ;:=?
;34/07 * M ;;+

7407 /3A,:
7:407 73 .353/B8 9,;6=:/ 4-;5:F8 38 =- 736-/-9:
C8 =:
5/3 384/3 ,8 3;6-=;3 60/
4/-7=-60 > 04/07 3;6-=;37 , 04/-7 5-//-7

.3;B7 73 .353/B8 054383/ =07 /39,5/:


;: 38407 ;?8:;07 37639: 2:
9-.07 38 3= C.:
<0
0=0;5:
-80 .3 0874/,99:0837 :7;0 37: 7438437 > 38 =- L=4:
;- 3.:9:C8 .3= C.:
<0 O
&$

:3= /32,3/G0 .3 ;-==- 73 7,;:8:


74/- 38 /0==07 6-/- ,70 38 7,63/2:
9:37 6=-8-7 =- ;-==-
.353/B 73/ 38.3/3G-.- 38 =B;:8-7 6=-8-7 -8437 .3 7, 90=09-9:C8

= 843/D3840/ .353/B /3D:


7-/ > -6/05-/ 3= /32,3/G0 .3 40.-7 =-7 6-/437 .3 =-7 374/,94,/-7
-8437 .3 A,3 3= 0874/,940/ :
8:9:3 =- 90=09-9:C8 .3= 9089/340

!$"
!& $ %#( # $

07 4/-7=-607 .3 =-7 5-//-7 .3 /32,3/G0 .353/B8 9,;6=: / =07 /3A,: 7:407 .3= C.:<0
0=0;5: -80 .3 0874/,99: 0837 :
7;0 37: 7438437 > 73 32394,-/B8 38 =07 7:4:
07 ;074/-.07 38
=07 6=-807 0 .08.3 =0 :
8.:
A,3 3= 843/D3840/ .35: 38.0 73/ =09-=:G-.07 .3 -9,3/.0 908 =-7
I,84-7 .3= 9089/340

= 0874/,940/ 60./B : 84/0.,9:


/ 4/-7=-607 > ,8:
0837 -.:9:08-=37 38 7:4:
07 .:23/38437 - =07
;074/-.07 38 =07 6=-807 7: 3;6/3 > 9,-8.0 .: 9@-7 ;0.: 2:
9-9:0837 73-8 -6/05-.-7 60/ 3=
843/D3840/ =07 4/-7=-607 > ,8:0837 38 5-//-7 -.>-938437 A,3.38 -=43/8-.07 73<L8 =0 3E: I-
F743 > 3= 90740 .3= /32,3/G0 -.:
9:08-= /3A,3/:.0 73- -7,;:.0 60/ 3= 0874/,940/

8 =07 4/-7=-607 =-7 5-//-7 .353/B8 A,3.-/ 90=09-.-7 38 9084-940 384/3 7? -;-//B8.073
908 -=-;5/3 .3 4-= ;-83/- A,3 ;-8438<-8 =- -=: 83-9: C8 > 7, 376-9:
-;:3840 .384/0 .3
=-7 .:74-89: -7 =:
5/37 ;? 8:
;-7 37639: 2:
9-.-7 38 /3=-9: C8 - =-7 .3;B7 D-/: ==-7 > - =-7
7,63/2:9:37 .3= 9089/340

= 0874/,940/ 60./B /33;6=-G-/ =-7 ,8:


0837 4/-7=-6-.-7 60/ ,8:
0837 70=.-.-7 3;6=3-8.0
70=.-.,/- A,3 9,;6=- =-7 80/;-7 .3 =- ;3/: 9-8 R 3=.:
8< 09: 34> R $ 8 4-= 9-70
=07 70=.-.0/37 > =07 6/093.:;: 38407 .353/B8 73/ 6/39-=: 2:9-.07 60/ 3= 843/D3840/ .3
95

-9,3/.0 908 =07 /3A,: 7:


407 .3 =- R > =-7 I ,84-7 70=.-.-7 .353/B8 73/ /3D: 7-.-7
/-.:0</B2:
9-;3843 0 60/ 04/0 ;F40.0 80 .374/,94:
D0 A,3 374F 7-89:
08-.0 60/ =- 6/B94:
9-
= 90740 .3 3743 /33;6=-G0 > 3= .3 =-7 6/,35-7 .3 /3D:7:
C8 .3= 4/-5-I
0 -7?3I 39,4-.0
90//3/B8 60/ 9,384- .3= 0874/,940/

-7 =B;: 8-7 .3 ;-==- 0 6-//:


==-7 .3 D-/:
==-7 73 .353/B8 4/-7=-6-/ 384/3 7?7,2:
9:3843;3843
6-/- ;-84383/ ,8- /37: 74389: - ,8:
20/;3 > 73 .353/B8 -73<,/-/ 38 =07 3E4/3;07 > 50/.37
= 4/-7=-60 .3 50/.3 .353/B 73/ 90;0 ;? 8:;0 : <,-= - ,8 *$+ 376-9:-;: 3840 38 -89@0

)%$(% ( # $

- 7,74:
4,9:
C8 .3 =-7 .: 23/38437 7399:0837 .3 /32,3/G0 7C=0 73 60./B 32394,-/ 908
-,40/:
G-9:C8 .3= 843/D3840/ 8 4-= 9-70 3= -93/0 7,74:
4,>3843 .353/B 4383/ ,8 B/3- >
63/?
;34/0 3A,:D-=38437 0 ;->0/37 A,3 3= B/3- > 63/?
;34/0 .3 .:73H0

* ) * ) )

# "$

,/-843 =- 3I 39,9:C8 .3 =07 4/-5-I07 3= 843/D3840/ -.3=-84-/B =07 7:


<,:
38437 9084/0=37
6/:
89:6-=37)
O 3/:2:
9-/ 3= 374-.0 > 2,89:
08-;: 3840 .3= 3A,:
60 3;6=3-.0 60/ 3= 0874/,940/

O 0=:
9:4-/ -= 0874/,940/ 906: - 93/4:2:
9-.- .3 =07 -8B=: 7:
7 A,?
;: 907 > 6/,35-7 2? 7:
9-7
/3-=:
G-.-7 60/ 3= 2-5/:
9-843 - ;,374/-7 /36/37384-4:
D-7 .3 9-.- 7,;:8:
74/0 .3 5-//-7 .3
-93/0

O 0;6/05-/ A,3 =07 ;-43/:-=37 60/ ,4:


=:
G-/ 9,;6=-8 908 =07 /3A,:
7:407 .3 9-=:
.-. 3E:
<:.07
60/ =- 6/373843 37639:
2:
9-9:C8

O 3/:2:
9-/ A,3 3= 90/43 .05=-.0 > 90=09-9: C8 .3= /32,3/G0 73 32394L38 .3 -9,3/.0 908
=07 6=-807 374- 37639:2:
9-9:C8 > 7,7 :
874/,99:
0837

O :<:
=-/ =- /3<,=-/:
.-. .3= 7,;:
8:74/0 .3= -93/0 .,/-843 3= 63/?
0.0 .3 3I
39,9:
C8 .3 =07
4/-5-I07

O 3/:2:
9-/ A,3 9,-8.0 73 7,74:4,>- 3= /32,3/G0 :
8.:9-.0 38 =07 6=-807 73 ,4:
=:
93 -93/0 .3
B/3- > 63/?
;34/0 :
<,-=37 0 7,63/:0/37 - =07 .3 .:
73H0

O 2394,-/ =-7 ;3.:.-7 90//37608.: 38437 6-/- 3= 6-<0 .3= -93/0 .3 /32,3/G0
90//394-;3843 7,;:
8:74/-.0 > 90=09-.0

# ( ( # $ $& C
'( !$&! ! " ( " !# (
!$

!"
(! "!
96

-7 5-//-7 > ;-==-7 .3 /32,3/G0 .353/B8 73/ 387->-.-7 38 =- 2B5/:9- > 7,7 /37,=4-.07
.353/B8 7-4:72-93/ =07 /3A,3/:
;:38407 .3 =-7 80/;-7 /376394:
D-7 .3 =- ! 0
90//37608.:38437

= 0874/,940/ .353/B 7,;: 8:


74/-/ -= 843/D3840/ ,8- 906: - 93/4:
2:
9-.- .3 =07 /37,=4-.07 .3
=07 -8B=:7:
7 A,? ;:907 > 6/,35-7 2? 7:
9-7 /3-=: G-.-7 60/ 3= 2-5/: 9-843 6-/- 3= =043
90//37608.: 3843 - 9-.- 38D? 0 .3 /32,3/G0 - =- 05/- 8 9-70 .3 A,3 3= 0874/,940/ 80
9,;6=- 3743 /3A,: 7:
40 3= 843/D3840/ 0/.38-/B - 3E6387-7 .3 -A,3= =- 3I 39,9: C8 .3 40.07
=07 387->07 A,3 9087:.3/3 83937-/: 07 705/3 3= /32,3/G0 -8437 .3 -9364-/ 7, ,4:
=:
G-9:C8

-7 D-/:
==-7 A,3 438<-8 2:
7,/-7 0 @38.:
.,/-7 38 =07 6,8407 .3 2=3E:
C8 73/B8 /39@-G-.-7

!"
(! "& % D(
#!

3 -9364-/B8 =-7 7:
<,:
38437 40=3/-89:
-7 38 =- 90=09-9:
C8 .3= -93/0 .3 /32,3/G0)

! * $J(
! (@# # " $& $ % (
D (#

08 /39,5/:
;:3840 ;380/ 0 :<,-= - 9:
890 9384?
;34/07 *≤ M 9;+ M 9;
08 /39,5/:
;:3840 7,63/:
0/ - 9:
890 9384?;34/07 *> M 9;+ $ 9;

* $J(
! (@# # " $ $&! (
!D ( # $& $ ( $

3 .353/B 9,;6=:
/ =0 :
8.:
9-.0 38 3= -6-/43 J 0=09-9:
C8 > -;-//3K .3 374-
37639:
2:
9-9:
C8

0 73 63/;:
4:/B =- 90=09-9:
C8 .3 -93/0 908 B/3-7 > 63/?
;34/07 :
823/:
0/37 - =07 .3 .:
73H0

0.0 .323940 .3 9-=: .-. 0 .3 : 874-=-9:C8 A,3 3E93.- =-7 40=3/-89:-7 .3 374-
37639:
2:9-9:C8 .353/B 73/ 90//3<: .0 60/ 3= 0874/,940/ - 7, 9074- .3 -9,3/.0 908
/093.:
;: 38407 -9364-.07 60/ 3= 843/D3840/ > - 6=38- 7-4:
72-99:
C8 .3 F743

637 6 ** - ,8:
.-. .3 ;3.: .- 73/B 3= g:=0</-;0 *g<+ -6/0E:;-.0 -= .F9:;0 .3
g:
=0</-;0 .3 -93/0 .3 /32,3/G0 6-/- 374/,94,/-7 .3 9089/340 /3-=;3843 7,;:8:
74/-.0 >
90=09-.0 38 05/- .35:.-;3843 -9364-.0 60/ 3= 843/D3840/

- ;3.: .- 80 :89=,>3 3= 6370 .3 7060/437 736-/-.07 7: ==34-7 .3 -=-;5/3 0 3=3;38407


7:;:
=-/37 ,4:
=:G-.07 6-/- ;-84383/ 3= /32,3/G0 38 7, 7:
4:0 8:=07 3;6-=;37 -.:9:08-=37 - =07
:8.:
9-.07 38 =07 6=-807 A,3 73-8 -,40/: G-.07 60/ 3= 843/D3840/ 6-/- 908D38: 389:- .3=
0874/,940/

-;6090 73 ;3.: /B 3= -93/0 37639?2:


9-;3843 374: 6,=-.0 6-/- 6-<0 38 04/07 /38<=0837
.3= 9084/-40
:73 7,74:
4,>38 5-//-7 - 70=:9:4,. .3= 0874/,940/ > 90;0 /37,=4-.0 .3 3==0 73 ,7- ;B7
-93/0 .3= A,3 73 @- 37639: 2:
9-.0 80 73 ;3.: /B =- 9-84:.-. -.:
9:08-=
97

- ;3.: .- 6-/- 5-//-7 73 5-7-/B 38 3= 6370 90;6,4-.0 6-/- =07 4-;-H07 > =08<:
4,.37 .3
5-//-7 ,4:
=:
G-.-7 ,7-8.0 =07 63707 ,8:4-/:07 :
8.:
9-.07 38 =- -5=- 0 U $

- ;3.: .- 6-/- ;-==- .3 -=-;5/3 73/B 3= 6/0.,940 .3= B/3- 38 ;34/07 9,-./-.07 .3 =-
;-==- 32394:
D-;3843 : 890/60/-.- > -9364-.- 38 =- 05/- 60/ 7, 6370 /3-= 38 g:
=0</-;07
60/ ;34/0 9,-./-.0

0 73 ;3.: /B8 9-84:.-.37 38 3E9370 .3 =-7 :


8.:
9-.-7 38 =07 6=-807 .3= 6/0>3940 ,
0/.38-.-7 60/ 3= 843/D3840/

637 9 *

= 6-<0 73 @-/B -= 6/39:


0 ,8:
4-/:
0 .3= 9084/-40 60/ 40.- 05/- 3I 39,4-.- .3 -9,3/.0 908
374- 37639:2:
9-9:C8 > -9364-.- - 7-4:72-99:
C8 60/ 3= 843/D3840/

= 6/39:0 ,8: 4-/:


0 .353/B 9,5/: / 40.07 =07 907407 60/ 90893640 .3 7,;: 8:74/0 387->07
4/-8760/437 -=;-938-;: 3840 90/43 .3763/.: 9:07 .05=-;: 3840 =:;6:3G- 90=09-9: C8 >
2:I-9:C8 .3= /32,3/G0 > 60/ 40.- ;-80 .3 05/- ;-43/: -=37 6-438437 3A,:607 3 :;6/3D:
7407
83937-/: 07 6-/- 43/;: 8-/ 90//394-;3843 3= 4/-5-I 0 .3 -9,3/.0 908 =07 6=-807 374-
37639: 2:
9-9: C8 > =-7 :
874/,99:
0837 .3= 843/D3840/

= 6/39: 0 ,8:4-/:
0 .353/B : 89=,:
/ 4-;5: F8 40.07 =07 907407 60/ 90893640 .3 3=-50/-9: C8
.3 =:74-7 .3 .376: 393 > .:-</-;-7 .3 .05=-.0 9,-8.0 3==07 80 @->-8 7: .0 7,;:8:
74/-.07'
60/ 7,;: 8:
74/0 3 :874-=-9:C8 .3 -5/-G-.3/-7 736-/-.0/37 7: ==34-7 .3 -=-;5/3 0 9,-=A,:3/
04/0 3=3;3840 ,4: =:G-.0 6-/- 7074383/ > ;-84383/ 3= /32,3/G0 38 7, 7:4:
0'-7?90;0 =07 .3 =-
73H-=: G-9:C8 6/3D384: D- .3 =- D?- > 3= 0/.38-;: 3840 .3= 4/B87: 40 -,40;040/ .,/-843 =-
3I39,9: C8 .3 =07 4/-5-I07 > 38 <383/-= 40.0 90740 /3=-9:08-.0 908 =- 90//394- 3I 39,9:C8
.3 =07 4/-5-I 07 37639: 2:
9-.07

0 @-5/B =,<-/ - 6-<0 736-/-.0 60/ 3= -93/0 .3 /32,3/G0 6-/- 9089/340 90=09-.0 908
3= 6/06C7: 40 .3 /33;6=-G-/ 374/,94,/-7 .3 9089/340 A,3 73 .343/: 0/38 0 A,3.38
.32394,07-7 0 38 3= 9089/340 A,3 3= 0874/,940/ @->- ,4: =:
G-.0 60/ 7, 908D38:389: - 908
0 7:8 -,40/:
G-9:C8 .3= 843/D3840/ -;6090 73 6-<-/B 60/ 736-/-.0 3= -93/0 9,>0 6-<0
73 @->- 374:6,=-.0 38 04/07 /38<=0837 .3= 9084/-40 8:60/ =07 4/-5-I
07 .3 70=.-.,/- A,3 73
-,40/:938 6-/- ,8:0837 70=.-.-7 38 /33;6=-G0 .3 ,8: 0837 4/-7=-6-.-7

93/0 .3 32,3/G0 /-.0 & h:


=0</-;0 *g<+

93/0 .3 32,3/G0 /-.0 h:


=0</-;0 *g<+
93/0 .3 32,3/G0 /-.0 U h:
=0</-;0 *g<+
98

* )
* )

743 4/-5-I 0 9087:743 38 3= -908.:


9:08-;:3840 .3= 43//380 > 90874/,99:
C8 38 9089/340 .3
=-7 =-7 =07-7 6-/- -8.3837 .3= 6/0>3940 .3 -9,3/.0 908 =-7 20/;-7 > .:;387:0837 > 38 =07
7:4:
07 73H-=-.07 38 =07 6=-807 0 .343/;:
8-.07 60/ 3= 843/D3840/

= 9089/340 73/B .3 9=-73

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

0.07 =07 ;-43/:-=37 .3 /3==380 /3A,3/:


.07 6-/- 3= -908.:9:
08-;: 3840 .3 =07 -8.3837
73/B8 73=399:08-.07 .3 =07 90/437 -.>-938437 0 .3 =-7 2,38437 .3 ;-43/:
-=37 73<L8 =0
.343/;:83 3= 843/D3840/

) "
"!# &! ! %# !$

-/- 3= 73==0 .3 =-7 I ,84-7 73 3;6=3-/B ;-43/: -= -72B=4:


90 0 6/3;0=.3-.0 9,>-7
9-/-943/?
74:
9-7 73 374-5=3938 38 =-7 37639:
2:
9-9:
0837 ! O # O&& O$M& > O&

= /3763940 37 -6=:
9-5=3 40.0 =0 A,3 /37,=4- 63/4:
83843 38 =- 37639:
2:
9-9:
C8 J 0/.:
==07 38
9089/340

8 9-70 .3 A,3 3= -908.: 9:


08-;: 3840 .3 =- 7,63/2:
9:3 73 32394L3 908 9-/<0 -= 6/373843
/4?
9,=0 73 .353/B .: 76083/ .3 3=3;38407 6-/- 7, 90820/;-9: C8 6-/- =- 3E9-D-9: C8
9-/<,3 > 4/-8760/43 .3 =07 ;-43/:
-=37 -7?90;0 3A,: 607 ;-8,-=37 .3 90;6-94-9: C8

* ) )

# ( ( #!D ( # "
! %# ! # ( !

= 0874/,940/ .353/B -908.: 9:08-/ =- 9,834- 38 4:


3//- .3 -9,3/.0 908 =-7 7399: 0837
638.:
38437 4/-87D3/7-=37 > 904-7 :
8.:
9-.-7 38 =07 6=-807 0 374-5=39:
.-7 60/ 3= 843/D3840/

07 6/093.:;:38407 /3A,3/:
.07 6-/- 9,;6=: / 908 374- -94: D:
.-. 60./B8 : 89=,:/ =-
3E9-D-9: C8 9-/<,3 4/-8760/43 > .:
7607:
9:C8 38 7:4:
07 -6/05-.07 .3 =07 ;-43/:-=37 80
,4:
=:
G-5=37 -7? 90;0 =- 90820/;-9: C8 .3 =07 ,4:
=:
G-5=37 > 3= 7,;:
8:74/0 90=09-9: C8 >
99

90;6-94-9: C8 .3 =07 ;-43/:-=37 .3 /3==380 A,3 73 /3A,:


3/-8 - I
,:9:
0 .3= 843/D3840/ 6-/-
054383/ =- 7399:C8 4?6:9- 6/3D:
74-

" ! (
@# ' D !" !$

908.: 9:08-.- =- 7,63/2:


9:3 38 4:
3//- 3= 0874/,940/ :
874-=-/B =-7 20/;-=34-7 .3 ;-83/- .3
<-/-84: G-/ A,3 =07 -8.3837 A,3.38 90874/,: .07 908 =-7 7399: 0837 > 376370/37 73H-=-.07
38 =07 6=-807 , 0/.38-.07 60/ 3= 843/D3840/

"
! ! (@# " #

= 0874/,940/ .353/B 054383/ =07 ;-43/:-=37 > .:


73H-/ =- ;3G9=- .3 9089/340 3=-50/-/=-
908 =- /37:74389:
- 3E: <:.- 4/-8760/4-/=- > 384/3<-/=- 90820/;3 73 374-5=393 38 =-
37639:2:
9-9:C8 J 0/.:
==07 38 9089/340 9=-73 K

#$ % (
@#

/3D:
0 3= /34:
/0 .3 9,-=A,:
3/ ;-43/: - 3E4/-H- 0 7,3=4- A,3 73 389,384/3 705/3 =- 7,63/2:
9:3
38 4:
3//- 73 6/093.3/B - 90=09-/ 3= 9089/340 90;38G-8.0 60/ 3= 3E4/3;0 : 823/:
0/ .3=
-8.38 > -D-8G-8.0 38 7384: .0 -7938.3843 .3 =- ;: 7;- > D3/:
2:
9-8.0 A,3 7, 376370/ 73-
90;0 ;? 8:;0 3= 73H-=-.0 38 =07 6=-807

,/-843 =- 90874/,99:C8 73 .353/B8 .3I -/ I


,84-7 - =07 :843/D-=07 > 908 =- -53/4,/- A,3
:8.:A,38 =07 6=-807 , 0/.383 3= 843/D3840/ ,7 50/.37 73/B8 D3/4:9-=37 > 80/;-=37 -=
-=:83-;: 3840 .3= -8.38 = 843/D3840/ .32:
8:/B 7:=-7 I
,84-7 73 @-8 .3 .3I -/ -5:3/4-7 0
73==-.-7 908 3= 6/0.,940 -72B=4:
90

= 0874/,940/ .353/B 8:D3=-/ 9,:


.-.07-;3843 =-7 7,63/2: 9:
37 6-/- A,3 3= -8.38 A,3.3
908 =-7 D3/.-.3/-7 20/;-7 > .: ;387:
0837 : 8.:9-.-7 38 =07 6=-807 -7 63A,3H-7
.32:
9:389:-7 7,63/2:
9:-=37 .353/B 90//3<:/=-7 ;3.:-843 =- -6=:
9-9:C8 .3 ,8 ;0/43/0 .3
93;3840 .3 ,8 4:60 -6/05-.0 60/ 3= 843/D3840/

* ) * ) )

# "$

= 843/D3840/ .353/B 3E:<:/ A,3 7,5/-7-843 A,3.3 90//394-;3843 -908.:


9:08-.- -8437
.3 90=09-/ =- 20/;-=34- > D3/43/ 3= 9089/340

# ( ( # $ $& C
'( !$&! ! " ( " !# (
!$

:38 9-70 .3 .: 79,7:C8 =- /37: 74389: - .3 =07 8L9=307 40;-.07 .3 =- 05/- 3I 39,4-.- 80
/37,=4- 7-4:
72-940/:- 3= 843/D3840/ /39@-G-/B 3= 4/-;0 /36/37384-.0 60/ .: 9@07 8L9=307 > 3=
0874/,940/ .353/B .3;0=3/ =- 05/- 3I 39,4-.- /3;0D3/ =07 3790;5/07 9-/<-/=07
4/-8760/4-/=07 > .3607: 4-/=07 38 7:
4:07 -6/05-.07 > ;3.: -843 6/093.:
;: 38407 7-4:
72-940/:
07
6-/- 3= 843/D3840/ > /390874/,: /B 3= -8.38 38 -9,3/.0 -= 6/373843 /4? 9,=0 063/-9: 0837
A,3 .353/B /3-=: G-/ 7:
8 90740 -=<,80 6-/- =- 384: .-. 9084/-4-843
100

8 9,-840 - =- 9-=: .-. .3= 6/0.,940 43/;: 8-.0 3= 843/D3840/ 7C=0 -9364-/B -8.3837
9,>- 20/;- 90//37608.- - =- : 8.:9-.- 38 =07 6=-807 > 9,>-7 .: ;387:
0837 80 73-8
:
823/:
0/37 - =-7 73H-=-.-7 38 =07 6=-807 0 -,40/:
G-.-7 60/ F=

-;6090 -9364-/B 4/-5-I 07 43/;:


8-.07 908 .36/37:0837 3E937:
D-7 4/-7=-607 .37:
<,-=37 0
D-/:-9:0837 -6/39:-5=37 38 =- 7399:C8 A,3 : ;6:
.-8 3= 80/;-= .376=-G-;: 3840 .3 =07
63-40837 -7 .32:
9:389:-7 7,63/2:
9:-=37 A,3 - I
,:9:0 .3= 843/D3840/ 73-8 63A,3H-7
73/B8 90//3<:
.-7 60/ 3= 0874/,940/ - 7, 9074-

**
- ,8: .-. .3 ;3.: .- 73/B 3= ;34/0 9L5: 90 *; + -6/0E: ;-.0 -= .F9: ;0 .3 ;34/0
9,-./-.0 .3 -8.38 7-4: 72-940/:
-;3843 3=-50/-.0 > 43/;: 8-.0 .3 -9,3/.0 908 =-
7399: C8 4/-87D3/7-= 904-7 > -=:
83-;: 38407 :
8.:9-.07 38 =07 6=-807 0 .343/;:8-.07 60/ 3=
843/D3840/

= D0=,;38 73 .343/;:8-/B ;,=4:


6=:
9-8.0 3= B/3- 60/ 3= 376370/ .3 90874/,99:C8 73H-=-.07
38 =07 6=-807 , 0/.38-.07 60/ 3= 843/D3840/ 38 =07 4/-;07 .08.3 3= 4/-5-I 0 @->- 7: .0
-9364-.0 60/ F743 = 843/D3840/ 80 -,40/: G-/B 3= 6-<0 .3 4/-5-I07 32394,-.07 60/ 2,3/-
.3 =07 =?
;:437 37639:
2:
9-.07 8:3= .3 -8.3837 9,>-7 .: ;387:0837 73-8 : 823/:
0/37 - =-7 .3
.:73H0

= 6-<0 73 @-/B -= 6/39:


0 ,8:
4-/:
0 .3= 9084/-40 60/ 40.- 05/- 3I 39,4-.- .3 -9,3/.0 908
374- 37639:2:
9-9:C8 > -9364-.- - 7-4:72-99:C8 60/ 3= 843/D3840/

= 6/39: 0 ,8:4-/:0 .353/B 9,5/: / 40.07 =07 907407 60/ 90893640 .3 3E6=04-9: C8 7,;: 8:
74/0
4/-8760/43 90=09-9: C8 > 90;6-94-9: C8 .3 =07 ;-43/: -=37 .3 /3==380 83937-/: 07 6-/- 3=
-908.: 9: 08-;: 3840 6/3D:0 .3 =- 7,63/2: 9:3'=- 3=-50/-9: C8 7,;: 8:74/0 90=09-9: C8 > /34:/0
.3 20/;-=34-7'=- 3E6=04-9: C8 .3 -</3<-.07 : 89=,: .07 40.07 =07 63/;: 707 > .3/39@07 6-/-
3==0'3= 7,;: 8:74/0 .3 40.07 =07 ;-43/: -=37 83937-/: 07 6-/- 3=-50/-/ =- ;3G9=- .3 9089/340
7, .: 73H0 3=-50/-9: C8 .379-/<,3 4/-8760/43 384/3<- 90=09-9: C8 D: 5/-.0 > 9,/-.0'=-
3I 39,9: C8 .3 =-7 I ,84-7 : 89=,>38.0 3= 7,;: 8:74/0 > 90=09-9: C8 .3= ;-43/: -= 73==-843' 3=
7,;: 8:74/0 .3 ;-43/: -=37 3=-50/-9: C8 > 90=09-9: C8 .3= ;0/43/0 /3A,3/: .0 6-/- =-7
63A,3H-7 90//399: 0837 7,63/2: 9:-=37' =- 73H-=: G-9:C8 6/3D384: D- .3 =- D? - .,/-843 =-
3I 39,9: C8 .3 =07 4/-5-I 07'40.0 3A,: 60 > ;-80 .3 05/- /3A,3/: .07 6-/- =- 3=-50/-9: C8 >
43/;: 8-9: C8 .3 =07 -8.3837 > 38 <383/-= 40.0 90740 /3=-9: 08-.0 908 =- 90//394-
3I 39,9: C8 .3 =07 4/-5-I07 37639: 2:
9-.07

8.3837 38 9089/340 9=-73 34/0 9,-./-.0 *; +


101

%&'()* +(* , - . /&01 %1 1 2 3


3 /32:
3/3 3743 -/4:
9,=0 - =- 90874/,99:C8 .3 D:
<-7 90=,;8-7 90=,;834-7 .: 843=37 D:<-7
.3 -;-//3 D: <- .3 90/08-;: 3840 D: <- .3 9,5: 3/4- D:<- 9:84- D: <- 6-/- .: D:
7:0837 .3
;,/07 38 5-H07 .3 -9,3/.0 908 =0 9087: <8-.0 38 =07 6=-807 374/,94,/-=37
3 @-/B8 908 =-7 .: ;387: 0837 A,3 -6-/3938 38 =07 6=-807 374/,94,/-=37 ,7-8.0
20/;-=343/?- ;34B=: 9- 0 .3 ;-.3/- 9,: .-8.0 A,3 374- 73 389,384/3 63/2394-;3843
/394- > =:
;6: -
=:843/D3840/ .353/B 90;6/05-/ 63/: C.:9-;3843 60/ ;3.: 0 .3 387->07 .3 =-50/-40/: 0 =-7
9-=:.-.37 .3 =07 ;-43/: -=37 6-/- 374-5=393/ =-7 90;6-/-9: 0837 908 3E: <:
.0 38 374-7
37639: 2:
9-9: 0837 3 .353/B 4383/ 38 9,384- 40.-7 =-7 37639: 2:9-9:0837 705/3 9089/3407
20/;-=34-7 > -93/0 .3 /32,3/G0 .-.-7 60/ 3= 9-6:4,=0 .3 374/,94,/-7 > 9089/3407

3 3;6=3-/- 9089/340 > -93/0 .3 =-7 37639:


2:
9-9:
0837 908438:
.-7 38 =07 6=-807
374/,94,/-=37

/&%* % ' . 41 )/ %& + 2 1


= D0=,;38 .3 =07 .: 23/38437 4:
607 .3 9089/340 .3 -9,3/.0 908 =07 4F/;: 807 .3= 9084/-40
90874: 4,:
.07 > -9364-.07 60/ =- : 843/D3840/?- 73 ;3.: /B8 60/ 3= 8,;3/0 .3 ;34/07 =: 83-=37
9,-./-.07 > 9L5: 907 908 -6/0E: ;-9: C8 - ,8 .39: ;-= 3;6=3-8.0 =-7 .: ;387: 0837
:
8.: 9-.-7 38 =07 6=-807 0 3E6=? 9:
4-;3843 -6/05-.07 60/ =- : 843/D3840/?- 0 73 @-/B8
;3.: 9:0837 60/ 38902/-.-7 2-=7-7 05/-7 349 8:73 @-/B8 .3.,99: 0837 60/ =07 D0=L;3837
.3= -93/0 374/,94,/-= 0 60/ 6:3G-7 :89/,74-.-7 38 3= 9089/340 .3 D0=,;38 : 823/:
0/ - $ ;&
= 6-<0 73 32394,-/B - =07 /376394: D07 6/39: 07 ,8:4-/:07 374-5=39:.07 38 3= 9084/-40 =07
9,-=37 : 89=,:
/B8 3= 7,;: 8:
74/0 > 4/-8760/43 .3 40.07 =0 ;-43/: -=37 .3 9089/340 3A,: 607 >
@3//-;: 384-7 ;-80 .3 05/- .3763/.: 9:07 > 40.07 =07 <-7407 83937-/: 07 6-/- =- 3I39,9:C8
.3 =-7 05/-7 .3 -9,3/.0 908 =07 6=-807 > 37639: 2:
9-9: 0837

&V &

3 /32:
3/3 374- 37639: 2:
9-9: C8 - =- 90874/,99: C8 .3 =-7 D:<-7 A,3 38=-G-8 =-7 90=,;8-7 >
90=,;834-7 - 8: D3= .3 43//380 > 7:/D38 6-/- -570/53/ =07 372,3/G07 7?7;:907 > 9084/0=-/ =07
-7384-;: 38407 .:23/389: -=37 = 9084/-4: 74- .353/B D3/: 2:
9-/ =07 8:D3=37 .3 =07 6=-807
90874/,94:
D07 43/;:
8-.07 6-/- 9,;6=: / 908 374- /390;38.-9: C8
93/0 >X 6-
089/340 2m9X $ 6-
- D:
<- .3 9: ;384-9: C8 438./B ,8 B/3- 4/-87D3/7-= .3 # 9; 9,;6=: 38.0 908 =- #
A,3 3E:<3 ,8 B/3- ;? 8:;- .3 U M 9; 73 2,8.: /B 705/3 ,8- 5-73 .3 9089/340 9:9=C630 .3
102

$ 6- > ==3D-/- ,8 /32,3/G0 .3 D-/: ==-7 90//,<-.-7 .3 e J .3 6- 908 374/:


507 .3
.:B;34/0 nK .3 6- .: 74/:
5,:
.07 9-.- ;
-7 3E9-D-9: 0837 6-/- D: <-7 .3 9: ;384-9: C8 .353/B8 73/ 3I 39,4-.-7 38 =07 -89@07 >
6/02,8.:
.-.37 : 8.:9-.07 38 =07 6=-807 374/,94,/-=37 07 9074-.07 .3 =-7 3E9-D-9:0837 6-/-
G-6-4-7 > D: <-7 .3 -;-//3 .353/B8 73/ 63/2394-;3843 D3/4: 9-=37 > 3= 208.0 8:D3=-.07
@0/:
G084-=;3843 0.-7 374-7 063/-9: 0837 73 @-/B8 60/ ;3.:0 ;-8,-=

3 3;6=3-/- 9089/340 .3 67:6-/- 3= 705/39:;: 3840 38 9089/340 9: 9=C630 > 9089/340 .3


& 67:908 /32,3/G0 :8.:9-.0 38 =07 6=-807 374/,94,/-=37 3 ,4:=:
G-/- 20/;-=34- 6-/- 3743 4:
60
.3 D:
<-7 60/ =0 4-840 73 .3538 9087:.3/-/ 38 3= -8B=:7:
7 .3 6/39:
07 ,8:
4-/:07

3/B 3= 8,;3/0 .3 ;34/07 =:83-=37 6-/- 3= 9-70 .3 =-7 D:<-7 .3 9:;384-9: C8 > ;34/07 9L5:907
6-/- 3= 9-70 .3 3= 9089/340 9: 9=C630 ;3.: .-7 /37,=4-8437 > 05438:
.- 38 05/- 908 40.-7 =-7
37639: 2:
9-9:0837 .3 =07 6=-807 374/,94,/-=37 = 6-<0 73 @-/B 60/ ;= - =07 6/39:07 374-5=39:
.07
38 3= 9084/-40

M :
<-7 .3 9:
;384-9:
C8 & E & ;) ;34/0 =:
83-= *;=+

MV M

93/0 >X 6-
089/340 2m9X $ 6-

74-7 90=,;8-7 4: 3838 ,8 B/3- .3 7399:


C8 .3 U M 9; 9,;6=: 38.0 -7?=-7 37639:2:
9-9:0837
.3 =- #
= /32,3/G0 .3 374-7 90=,;834-7 90874- .3 D-/:
==-7 .3 MS K 90//,<-.-7 3= =? ;:43 .3
2=,389: - 3E:<:
.0 60/ =- 80/;- 37 .3 6- 63/0 60/ 73/ ,8- 3.:2:
9-9:C8 9=-7:
2:
9-.- 38 3=
</,60 .3 =- 80/;- > 60/ 389084/-/73 38 ,8- G08- .3 -;38-G- 7? 7;:9- :843/;3.:-
9=-7: 2:
9-.- 90;0 374/,94,/- 4: 60 73 ,4:
=:
G0 -93/0 90//,<-.0 .3 6- = /32,3/G0
4/-87D3/7-= *374/:
507+ 37 .3 -93/0 .3 &S K .3 6- /36-/4: F8.073 374/: 507 - 9-.- .S
* M 9;+ > 3= /3740 9-.- .S *$ + 9; - =0 =-/<0 .3 40.- 7, =08<:4,.

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

0=,;8-7 .3 9082:
8-;:
3840 ME M;) ;34/0 =:
83-= *;=+
103

0=,;834-7 .3 9082:
8-;:
3840 .3 $M E $M 4:
60 =
93/0 >X 6-
089/340 2m9X $ 6-

74-7 90=,;834-7 4:3838 ,8- 7399:C8 .3 M 9; > 9,;6=38 908 =0 3E: <:
.0 60/ =- #
38 3= 9-6: 4,=0 90874-8 .3 5-//-7 .3 -93/0 .3 .:
B;34/0 &S K > .3 6- 908 2=3I
37
9-.- U 9; 38 G08- 9082: 8-.- > 3= /3740 9-.- 9;
08<: 4,. & MM ;

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

o 0=,;834-7 .3 9082:
8-;:
3840 .3 $M E $M) ;34/0 =:
83-= *;=+

0=,;834-7 .3 9082:8-;:
3840 .3 $ E 4:
60 ==
93/0 >X 6-
089/340 2m9X $ 6-

74-7 90=,;834-7 4:3838 ,8- 7399: C8 .3 9; > 9,;6=38 908 =0 3E:<:


.0 60/ =- #
38 3= 9-6: 4,=0 90874-8 .3 5-//-7 .3 -93/0 .3 .:B;34/0 &S K > .3 6- 908 2=3I
37
9-.- U 9; 38 G08- 9082: 8-.- > 3= /3740 9-.- 9;
08<: 4,. $ MM ;

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

0=,;8347 .3 9082:
8-;:
3840 .3 $ E ) ;34/0 =:
83-= *;=+

b MV M

93/0 >X 6-
089/340 9X $ 6-
74- D:<- 73 -8-=:G0 90;0 ,8 3=3;3840 .3 6C/4: 90 .08.3 73 4,D0 38 9,384- 7, 6/06: 0
6370 3= 6370 .3 =- 9,5: 3/4- > 3= 6370 60/ 9-/<- D:
D- 5438: 38.0 90;0 /32,3/G0 $ UM
9; 73<L8 9,-84? - ;?8:;- # * && 6-/- 3=3;38407 .3 D: <-+ 3/0 =- 0/;-
7,<:3/3 ,8 /32,3/G0 ;?8:
;0 .3 5-//-7 .3 MS J 38 -93/0 90//,<-.0 .3 6- 908
374/:
507 .3 .:B;34/0 &S K 9-.- .S 38 G08- 9082: 8-.- > 3= /3740 - .S
104

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

U :
<- -F/3- .3 ME M) ;34/0 =:
83-= *;=+

:
<- 9:
84- $M E $

93/0 >X 6-
089/340 2m9X $ 6-
08 =-7 A,3 /3;-4-8 =07 ;,/07 6-/-63407 0 -843639@07 4: 3838 ,8 -89@0 :<,-= -= .3= ;,/0
* $M ;+ > ,8- -=4,/- .3 $ ; 90874-8 .3 ,8 /32,3/G0 .3 5-//-7 .3 &S K 80 /3A,: 3/38
374/:
507 63/0 73 90=09-8 -=<,807 6-/- A,3 =-7 D-/:
==-7 80 73 ;,3D-8 - =- @0/- .3 D-9: -/ 3=
9089/340 *374/:
507 9-.- ; 38 D-/:
==- .3 nK+

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

:
<- 9:
84- .3 $M E $ ) ;34/0 =:
83-= *;=+

:
843= 9089/340 $ E$ 9;
93/0 >X 6-
089/340 2m9X $ 6-
7407 3=3;38407 90874-8 .3 ,8 /32,3/G0 .3 D-/:
==-7 .3 eK 908 2=3I
37 9-.-
& ; 38 D-/:
==- .3 nK

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-

:
843= 38 9089/340 $ E $ ) ;34/0 =:
83-= *;=+

0;6/38.3 =- 90874/,99: C8 .3 40.07 =07 ;,/07 > 4-5: A,37 38 =-./:==0 38 5=0A,3 .3 -/9:==-
> .3 6:3./- .3 -9,3/.0 - =-7 .: ;387: 0837 > .34-==37 .3 =07 6=-807
07 =-./:
==07 6-/- =07 ;,/07 > 4-5:A,37 73/B8 .3 4:
60 40=343 43;07- $ !O$ 0 63/20/-.0 .3
-9,3/.0 908 =-7 .: ;387: 0837 .3 =07 6=-807 .353/B8 73/ .3 6/: ;3/- 9-=: .-. 7C=:
.07 5: 38
909: .07 .3 20/;- > .: ;387: 0837 /3<,=-/37 43E4,/- 90;6-94- 3E3840 .3 43//0837
/-I-.,/-7 @38.: .,/-7 > 04/07 .3239407 A,3 -239438 7, -763940 /37: 74389:
- > .,/-5:=:
.-.
105

-7 374/?
-7 .3 =07 =-./:
==07 @,3907 .353/B8 73/ 8?
4:.-7 > ,8:
20/;37 353/B8 374-/ 3E38407 .3
/37A,35/-I -.,/-7 2: 7,/-7 > </:
34-7 *37639:
-=;3843 6-/- =07 =-./:
==07 A,3 A,3.-8 - =- D:
74-+
=- /37:
74389:- - =- 90;6/37: C8 73/B 90;0 ;?8:;- =- 7:
<,:3843)

• -./:
==0 ;-9:G0) $ g< S9;
• -./:
==0 @,390) $MM g< S9;
• =0A,3 .3 93;3840) MM g< S9;

= 60/9384-I 3 .3 -570/9:C8 .376,F7 .3 =- :


8;3/7:C8 .3 =-7 ;,374/-7 .3 -<,- .,/-843 M
@0/-7 80 .353/B 3E93.3/ 3= $ N = 5=0A,3 .3 9089/340 -= 9084/-/: 0 .3 40.07 =07 .3;B7
;-43/: -=37 .3 ;-;60743/? - 80 73 .353 @,;3.393/ -8437 .3 -7384-/73 60/ 3= 9084/-/: 0
.353 6/043<3/73 9084/- =- @,;3.-. 8 9-70 .3 A,3 3= =-./: ==0 0 3= 5=0A,3 .3 93;3840
438<- 04/-7 .: ;387:0837 .3 =-7 :
8.:
9-.-7 38 3= 6/0>3940 3= 9084/-4: 74- .353/B @-93/ =07
-I,7437 38 =-7 904-7 .3 =07 6=-807 A,3 2,3/-8 83937-/: 07 7407 -I ,7437 .353/B8 73/
-6/05-.07 60/ 3= :843/D3840/

( #

- - ;-;60743/? - .353 -I ,74-/73 .3 -9,3/.0 908 =0 374: 6,=-.0 38 =07 6=-807 438: 38.0 38
9,384- A,3 40.07 =07 ;,/07 90//37608.-8 3E-94-;3843 -= .: 73H0 > 376370/ : 8.:9-.07
5 8437 .3 : 8:9:
-/ =- 90874/,99: C8 .3 ,8 ;,/0 .353 @-93/73 ,8 4/-G-.0 A,3 7: /D- .3 <,? --
=07 063/-/: 07 6-/- -=:83-/ =- ;-;60743/? -
9 = -=:
83-;: 3840 73 @-/B 908 @: =07 438707 > 374-9-7 7:73 4/-4- .3 ;,/07 705/3 9: ;: 38407 8
3= 9-70 .3 =07 ;,/07 705/3 6=-9-7 =07 4/-G07 : 8:9:-=37 73 @-/B8 908 4: G- 0 9/->0=-
. ;3.: .- A,3 73 6-7- .3 ,8- @: =-.- - =- 7: <,:3843 3= -=: 83-;: 3840 73 @-/B 60/ @: =07
438707 2: I
-.07 60/ ;3.: 0 .3 =-./: ==07 38 =07 3E4/3;07 0 38 4/-;07 : 843/;3.: 07 80 ;->0/37
- M ;34/07 = ;,/0 .353 6=0;-/73 - ;3.: .- A,3 73 90874/,>3 6-/- A,3 A,3.3
63/2394-;3843 D3/4: 9-=
3 -7 @: =-.-7 .3 =-./: ==0 .3538 A,3.-/ 90//394-;3843 8: D3=-.-7 > 6=0;-.-7 80
-9364B8.073 38 374-7 063/-9: 0837 3//0/37 ;->0/37 .3 MN
2 -7 I ,84-7 .3 63<-7 D3/4: 9-=37 > @0/: G084-=37 438./B8 ,8 376370/ ;BE: ;0 .3 ;34/07
< -7 ;3G9=-7 .3 ;0/43/0 .3 63<- 73/B8 =-7 7: <,: 38437) 6-/- .: D:
7:0837 :843/: 0/37 $)U .3
93;3840 > -/38- .3 63H- 6-/- 2-9@-.-7 - =- D: 74- $) .3 93;3840 -/38- .3 63H- >
9-= 8 .08.3 80 73 6,3.- 3;6=3-/ -/38- .3 63H- 3= ;0/43/0 73 @-/B 908 -/38-
=-D-.- $) 38 9,-=A,: 3/ 9-70 3= ;0/43/0 .3 63<- .353 .: 73H-/73 6-/- ,8- /37: 74389: -
;? 8:
;- .3 M =: 5/-7S6,=< - =07 .?
-7
@ :=- ;-;60743/? - D- - 4/-5-I -/ 90;0 ;,/0 .3 9084389: C8 0 D- - /37: 74:/ -=<L8 4:60 .3
9-/<- =- ;3G9=- .353 73/ ;-7 /: 9- 38 6/060/9: C8 $)& .3 93;3840 > -/38- =-D-.-
-.3;B7 .3 9082: 8-/73 908 90=,;834-7 74- ;3G9=- 73 ,7-/- 4-;5: F8 6-/- =07 -6-/3I 07
9-=-.07
: 07 ;0/43/07 73 6/36-/-/-8 : 8;3.: -4-;3843 -8437 .3 ,7-/=07 908 ;-43/: -=37 73907
-9,;,=-.07 38 3= =,<-/ .3 4/-5-I 0 6-/- 3D: 4-/ 63/.: .-7 .3 4:3;60 *80 73 -9364-/-8
;0/43/07 A,3 @->-8 : 8:9: -.0 3= 2/-<,-.0+
I - 9-84: .-. .3 -<,- 6-/- 3= ;0/43/0 .353 6/0.,9: / ,8- ;3G9=- @0;0<F83- 2B9: = .3
063/-/ 908 3= 6-=,74/3 8437 .3 A,3 73 73A,3 =- ;3G9=- .353 =: ;6: -/73 =- A,3 @->-
379,//: .0 705/3 =07 =-./: ==07 * 37639: -=;3843 6-/- =- ;-;60743/? - - =- D:
74-+
g = =-./:
==0 .353 @,;3.393/73 -8437 .3 7, 90=09-9: C8 6-/- A,3 80 /3743 -<,- -= ;0/43/0
106

= 07 3;6-437 .3 ;,/07 A,3 73 I ,84-8 ,80 908 04/0 .3538 @-93/73 38 .384-.07 A,3 =07
4/-538 3/0 7:73 4/-4- .3 3;6-4-/ ;,/07 .3 =-./: ==0 ;-9: G0 908 04/07 =-./:==07 @,3907 0
908 ;-43/: -=37 A,3 80 73 63/;: 4-8 3= 4/-53 73 90873<,: /B 3= 3;6-43 60/ ;3.: 0 .3
4-9@37 0 63/807 ;34B=: 907 90=09-.07 384/3 =-7 I ,84-7 .3 ;-;60743/? -
; 8 374/,94,/-7 .3 6=-9- > 90=,;8- 38 =-7 9,-=37 =07 ;,/07 80 708 60/4-8437 37407 80
.353/B8 -89=-/73 - =-7 6=-9-7 .3 6: 70 8:.3 9: 3=0 /-70 0 - =-7 D: <,34-7 A,3 =07 =: ;:4-8
6-/- 3D: 4-/ </: 34-7 60743/: 0/37 60/ 3239407 .3 9084/-99: C8 * -7384-;: 38407 .:23/389:-=37+ >
.: =-4-9: C8 .: 23/38437 384/3 3= 9089/340 > =- ;-;60743/? -
8 :-= /36-/4: / =-7 @:=-.-7 73 389,384/- ,8- .: 23/389:- .3 ;3807 .3 U ;34/07 73 .353/B8
7,6=: / 60/ ;3.: 0 .3 ,8 -=: 74-.0 <,?- 38 =- 6=-9- .3= 6: 70
0 0.07 -A,3==07 3=3;38407 A,3 .35-8 A,3.-/ : 89/,74-.07 38 =07 ;,/07 4-=37 90;0 9-I -7
9@-G07 349 3 90=09-/-8 38 =07 7: 4:
07 :
8.: 9-.07 -= 4: 3;60 .3 20/;-9: C8 .3= ;,/0 :=07
9@-G07 708 .3 ;-.3/- : /B8 :8;,8: G-.07 > 908 ;-==- =-43/-= 6-/- =0</-/ ,8 5,38 -89=-I 3
6 -/- 3= 9-70 .3 ;,/07 3;6-H34-.07 6/3D: -;3843 - 374- 063/-9: C8 73 .353 4-6-/ 908
6-63= =-7 9-I -7 .3 : 843//,640/37 *.3538 A,3.-/ 8: D3=-.07 @0/: G084-= > D3/4:9-=;3843+
7-=: .-7 7-8: 4-/: -7 40;-7 349
A -7 /3<-4-7 6-/- : 874-=-9: C8 3=F94/:9- 7-8: 4-/:- 349 3 3I 39,4-/-8 4/37 .? -7 .376,F7 .3
20/;-.- =- ;-;60743/? - 3D: 4-8.0 -7?3= 2/-<,-.0 : 890//3940 .3 =07 ;0/43/07 .3 63<-
/ 8 =07 =-./:==07 @,3907 =-7 -6-/3I 07 .3538 73/ 7: 3;6/3 705/3 =-7 9-/-7 ==-8-7 63/0 38 =-7
4/-5-7 .3 37A,: 8- -6-/393/B8 =07 D-9? 07 6-/- ==38-/ 3= ;0/43/0

743 ?
43; 73 6-<-/- 60/ ; -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:-

$ -;60743/?
- 38 =-./:
==0 ! O$ ) ;34/0 9,-./-.0 *; +

07 ;,/07 73 /3D374:
/B8 .3 ,8- 9-6- .3 93;3840 > -/38- .380;: 8-.- ;0/43/0 38 =-
7:
<,:3843 20/;-) =- ;-;60743/?- 73 =:
;6:-/- .3 40.07 =07 /37:
.,07 .3I
-.07 .,/-843 =-
107

3I39,9: C8 73 @,;3.393/B8 908D38: 3843;3843 38 73<,: .- 73 6/093.3/B - 2:I


-7 =-7 =?
83-7
;-374/-7 =-7 9,-=37 7:/D38 .3 <,? - 6-/- 3= 6=0;0 > =- 7,63/2: 9:3 6=-8- 3 90=09-/- 38
20/;- 9084: 8,- 9-6- .3 ;0/43/0 908 376370/ ;BE: ;0 .3 & 9; =- 9,-= 73 .3I - 2/-<,-/
60/ 376-9: 0 .3 @0/-7
- 9-84: .-. .3 ;0/43/0 A,3 .353 6/36-/-/73 .353 73/ 9-=9,=-.- 6-/- A,3 73 <-74-.-
38 3= =-670 .3 ,8- @0/- - 7,63/2:9:3 .353 A,3.-/ -//3<=-.- 6=0;-.- > 6=-8- 07
6-H3437 .3 =07 ;,/07 .353/B8 .: =-4-/73 ;3.: -843 374/?
-7 .3 ,8- -89@0 .3 $ 9; 60/ -=
6/02,8.: .-. .3= 6-H343 38 =07 7:
4:0 38 A,3 =07 ;,/07 0 6-H3437 43/;: 838 > 73 -I,7438 - =07
3=3;38407 4-=37 90;0 374/,94,/-7) > 5353/B8 73/ 63/2394-;3843 /39407 > .3 -89@0
,8:20/;3 3 @-/B8 .08.3 A,: 3/- A,3 73 6/373843 9-;5: 07 .3 ;-43/:
-= 6-H34-.0

/ 0&)* &'
0/43/0 .3 93;3840 > -/38- =-D-.- 38 6/060/9:
C8 $)

/&%*% .41 )/ %& + 2 1


- ;3.: .- 73/B =- 7,63/2:
9:3 834- 38 ;34/07 9,-./-.07 908 -6/0E: ;-9: C8 - ,8 .39:
;-=
.379084-8.0 40.07 =07 D-807 90//37608.: 38.0 40.07 =07 2:=07 > <043/-7 :
89=,:
.-7 38 =07
6=-807 A,3 73 6-<-/-8 90;0 2: =07 > .:
=-4-9:
0837 =-7 9,-=37 73 6-<-/-8 60/ ;34/0 =:
83-= =
6-<0 73 @-/B - =07 6/39:
07 ,8:4-/:07 90843;6=-.07 38 3= 9084/-40

& $)

/:
70 :
843/:
0/ 6/060/9:
C8 $)

743 ?
43; 73 6-<-/- 60/ ; -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:-

$$ /:
70 =:
70 705/3 ;,/0 $) ;34/0 9,-./-.0 *; +

/:
70 :
843/:
0/ *;380/ .3 U + /3=-9:
C8 $) 73 /32:
3/3 -= 2/:
70 38 G08-7 ;380/37 A,3 U 9;7 .3
-89@0

743 ?
43; 73 6-<-/- 60/ ;= -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:
-
108

M $

3 /32:
3/3 - =- 8:D3=-9:
C8 .3= 404-= .3= 6: 70 705/3 3= 9,-= 73 2,8.-/B 3= -8436: 70 38
9089/340 73 @-/B ;3.: -843 =- 8:
D3=-9:
C8 4060</B2:9- > -6=-8-;:3840 .3 =- 7,63/2:
9:3

3.:
.- > 20/;- .3 6-<0

, ;3.:.- > 20/;- .3 6-<0 37 3= ; > =- -94: D:.-. 9087:743 38 90;6-94-/ 3= =- 7,63/2:
9:3
@-74- 054383/ =07 8:
D3=37 /3A,3/:
.07 6-/- 3= D3/4:
;:3840 .3= 9089/340

74- -94:D:
.-. 9087: 743 38 90874/,:
/ ,8- 40/4- .3 9089/340 .3 67:.3 9384? ;34/07 .3
376370/ =- 9,-= 73/D:/B 90;0 5-73 6-/- =- : 874-=-9:
C8 .3= ;0/43/0 .3 8: D3=-9:
C8 > 63<- .3=
-5=C8 *-9-5-.0 2: 8-= .3 =- 7,63/2:
9:3+ -.3;B7 7: /D3 6-/- 7060/4-/ 3= 6370 6/0.,9:.0 60/
3= ;05:=:
-/:0 > =-7 63/708-7 A,3 09,6-/-8 =-7 -,=-7 .3 9=-73

743 ?
43; 73 6-<-/- 60/ ; -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:-

8436:
70 38 9089/340 .3 67:376370/ .3 9;7

* +

743 ?
43; 9087:743 38 ,8 ;0/43/0 .3 63<- .3 /3=-9: C8 $) = ;0/43/0 4:
383 .07 2:
837
6/:;3/0 =- 8:
D3=-9:C8 .3= -8436: 70 > 90;0 73<,8.0 =- 2: I
-9:C8 .3 =-7 ,8: .-.37 .3 6:70
4-5=C8 A,3 9,5/:/B8 =- 7,63/2:
9:3 = 376370/ .3 3743 ;0/43/0 73/B .3 -6/0E:;-.-;3843
9;

:80 374B :
89=,:
.0 38 =07 907407 .3 :874-=-9:C8 .3= 4-5=C8 0 93/B;: 9- 73 6-<-/- 60/ ; -=
6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:- -6/05-9: C8 60/ =- 843/D3840/:
-

MV M

= 4-5=C8 A,3 73 ,7-/-8 73/B .3 6/:;3/- 9-=:


.-. .353/B 4383/ U .? -7 .3 9,/-.0 ;?8:
;0
= 90=0/ 73/B 3= :
8.:
9-.0 ,8: 20/;3 > .353/B 4383/ 3= D:
740 5,380 .3= :
843/D3840/ = ;0/43/0
.3 63<- 73/B .3 $) 908 -/38- =-D-.- </-80 ;3.: -80 =- .:;387:C8 .3 =- 5-=.07- 73/B
.3 M 9; E M 9;

743 ?
43; 73 6-<-/- 60/ ; -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/ =-
843/D3840/:-
109

- ;3.:.- 73/B 3= 8L;3/0 .3 ;34/07 9,-./-.07 .3 7,63/2:9:


3 908 -6/0E:;-9:C8 - ,8
.39:;-= 90//394-;3843 90=09-.07 > -9364-.07 60/ 3= :
843/D3840/ = 6-<0 73 @-/B -=
6/39:
0 ,8:
4-/:
0 374-5=39:
.0 38 3= 9084/-40

$ :
70 38 4-5=C8 .3 </37 34/0 9,-./-.0 *; +

-/- 9,5/:
/ =- 7,63/2:9:3 .3 =- 5-43/?
- 7-8:
4-/:
- 73 ,4:
=:
G-/- 6:
70 .3 93/B;:
9- 6-/- 5-H07
73<L8 37639: 2:9-9: 0837 .-.-7 5-7-.-7 38 =-7 80/;-7 80/;- 3
= 389@-63 - ,4: =:
G-/ 73/B .3 6/:
;3/- > .3 90=0/37 ,8:
20/;37

743 ?
43; 73 6-<-/- 60/ ; : 89=,>3 :874-=-9:C8 > 5/39@-.0 -.3;B7 .3 =- =:;6: 3G- :
8:9:-= > 73
/3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:- -6/05-9:
C8 60/ =- 843/D3840/:-

M$ !

3 /32:
3/3 3743 ?
43; - 3= -9-5-.0 38 =07-7 .3 93/B;: 9- A,3 /B8 705/3 =07 2/:
707 38 =-
5-43/?- .3 5-H07 74- =07- 73/B .3 4: 60 93/B;:90 > .353 9,;6=: / 908 =-7
37639:2:9-9:
0837 4F98:
9-7 3E:<:.-7 60/ =-7 80/;-7 6-/- 4-= 2:
8

743 ?
43; 73 6-<-/- 60/ ; : 89=,>3 7, :874-=-9:C8 > /3==380 .3 .:=-4-9:0837 *5/39@-+ > 73
/3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9: C8 60/ =- 843/D3840/:
-

$& :
70 38 93/B;:
9- 34/0 9,-./-.0 *; +

743 ?
43; 73 /32: 3/3 - 40.07 =07 4/-5-I 07 .3 -6=:9-9:C8 .3 374,90 > 6: 84,/- 705/3 =-7
7,63/2:
9: 37 2/:
7-.-7 38 ;,/07 : 843/:
0/37 3<L8 73 37639: 2:
A,38 38 =07 6=-807 /3D: -;3843 3=
9084/-4:74- 7,;: 8:
74/-/- -= :843/D3840/ ,8 9-4-=0<0 .3 90=0/37 6-/- A,3 3743 73=399: 0837 =0
A,3 .353 3;6=3-/73 .3 -9,3/.0 - =-7 : 8.:9-9:0837 0.-7 =-7 37639: 2:
9-9: 0837 A,3
D->-8 - 6: 84-/73 73 =:;6: -/-8 9,: .-.07-;3843 908 4/-60 7390 A,: 4B8.0=37 3= 60=D0 =-
</-7- > 3= ;0/43/0 A,3 6,3.-8 4383/ > /37-8-8.0 =07 @,3907 > .3760/4: ==-.,/-7 73
-6=:9-/- =,3<0 ,8- 0 .07 9-6-7 .3 374,90 908 ==-8- ;34B=: 9- 2:
8-=;3843 73 =: I-/- @-74-
054383/ ,8- 7,63/2: 9:3 ,8:20/;3 > 43/7-
,89- 73 -6=: 9-/- 6:84,/- 705/3 7,63/2: 9:
37 @L;3.-7 0 -8437 .3 A,3 =- ;-80 -843/: 0/ 3743
90;6=34-;3843 739- > @->- 4/-879,//: .0 60/ =07 ;3807 ,8- @0/- .3 7, -6=:9-9: C8
110

/ 0&)* &'
- 6:84,/- 73/B 4:
60 .3 D:8: =0 ;-43 0 7:;:=-/ 38 =07 90=0/37 -,40/:G-.07 60/ 3= :
843/D3840/
08 -843/:0/:.-. - 7, ,4:=:
G-9: C8 3= 9084/-4:
74- .353/B 6/37384-/ - =- : 843/D3840/:
- ;,374/-7
7,2:9:
38437 > /36/37384-4: D-7 .3 =07 ;-43/: -=37 A,3 73 6/060838 - ,4: =:
G-/ 6-/- 054383/ 7,
-6/05-9: C8
07 ;-43/: -=37 A,3 73 384/3<,38 38 =- 05/- .3538 : / 38 7,7 38D-737 > /39: 6:38437 .3
0/:<38
353/B8 -=;-938-/73 @-74- 7, ,4: =:
G-9:
C8 - : 843/D3840/: - /39@-G-/- =07 ;-43/:-=37 A,3 73
@,5: 3/38 -=43/-.0 0 374/063-.0 =07 9,-=37 .353/B8 /34: /-/73 .3 =- 05/-

/&%* % .41 )/ %& + 2 1


- ;3.: .- 73/B 3= 8L;3/0 .3 ;34/07 9,-./-.07 .3 7,63/2: 9:37 834-7 374,9-.-7 >
6:84-.-7 *;?8:;0 .07 ;-807 .3 6:84,/-+ 73<L8 374-7 37639:
2:
9-9: 0837 > 908 -6/0E:
;-9: C8
- ,8 .F9: ;0 .3 ;34/0 9,-./-.0 /39: 5: .07 - 7-4:
72-99:
C8 .3= :
843/D3840/ = 6-<0 73 @-/B
- =07 6/39:
07 ,8:
4-/:
07 374-5=39:
.07 38 3= 9084/-40

$ :
84,/- 38 D:
8:=0 705/3 ;,/0 34/0 9,-./-.0 *; +
:
84,/- 38 37;-=43 705/3 9-/6:
843/?
- ;34B=:
9- 34/0 9,-./-.0
*; +

07 4/-5-I07 3 : 874-=-9:
0837 05I340 .3 374-7 37639: 2:9-9:0837 .3538 73/ 3I39,4-.-7 908
;-43/: -=37 > ;-80 .3 05/- .3 6/: ;3/- 9-=: .-. > 38 ,8 40.0 .3 -9,3/.0 908 =-7 80/;-7
D:<38437 38 =-7 3;6/37-7 .3 383/<? - > 43=F20807 0 38 =-7 374-5=39: .-7 38 3= 90<: .0
8-9: 08-= .3 3=394/: 9:
.-.
- -6/05-9: C8 .3 =-7 : 874-=-9:
0837 .35: .-;3843 43/;: 8-.-7 73/B 70=:9:4-.- 60/ 3=
9084/-4:74- - =-7 3;6/37-7 6/374-8437 .3 =07 /376394:
D07 73/D:
9:07 3 384/3<-/- - =- 384:
.-.
9084/-4-843 =07 6=-807 > .34-==37 90//37608.: 38437 - 40.- 3D384,-= ;0.: 2:
9-9: C8 .3=
6/0>3940 : 8:9:-= A,3 @->-8 7: .0 3I 39,4-.-7 6/3D: - -6/05-9: C8 > -,40/: G-9:
C8 .3=
:
843/D3840/

( ) (0&)3 '0*
( ' %& '*
'0&/
0//:
3843) /:
2B7:9-
387:0837) -=4- X $$ D -I
-X S$ D
/39,389: -) U 9 S7
:
74/:
5,9:C8) 34/-2:
=-/ *& 908.,940/37 6-/- 2-737 > $ 90;0 83,4/0 - 4:
3//-+

)&2 /&-01 ' . (, %*


21'

0.07 =07 6/093.:;:38407 A,3 73 ,738 6-/- =- : 874-=-9:


C8 .3 3A,:607 > ;-43/:-=37
3=F94/:
907 73 -I
,74-/-8 - =0 374-5=39:
.0 38 3= /3<=-;3840 D:<3843 38 =- 3;6/37- .3
111

383/<?- > 43=F20807 - =-7 80/;-7 3=-50/-.-7 60/ 3= 874:


4,40 0=0;5: -80 .3 0/;-7
F98:9-7 =-7 90843;6=-.-7 60/ 3= 9C.:<0 8-9:
08-= .3 3=394/:9:
.-. > -6/05-.-7 6/0 3=
<05:3/80 8-9: 08-= :9@07 /3<=-;38407 > 80/;-7 73 -6=: 9-/-8 90;0 7: 374,D:3738
-804-.07 38 374-7 37639:2:
9-9:0837

+ -1 '

07 6=-807 .3 =- .: 7607:9:C8 3=F94/:9- 80 ;,374/-8 .34-==37 6/39: 707 > 90;6=3407 38 =07
3.: 2:
9:07 3==07 : 8.:9-8 =- ,5: 9-9:C8 -6/0E: ;-.- > -//3<=0 <383/-= 63/0 80 708 7,7
:
84389: 0837 :8.:9-/ .34-==37 .3= 3A,:
60 8:=- ,5: 9-9: C8 3E-94- .3 908.,9407 0 .3 7-=: .-7
08 3E9369: C8 .3 =-7 ;3.: .-7 A,3 73 : 8.: 9-8 =- =09-=: G-9:C8 3E-94- .3 =-7 7-=:.-7 .3
908.,9407 > 7, /3=-9: C8 908 3= 3A,: 60 73 .343/;: 8-/B8 38 =- 05/- 908 =- -6/05-9: C8 .3=
:
843/D3840/ =- A,3 374-/B .3 -9,3/.0 38 <383/-= 908 =0 : 8.:9-.0 38 =07 6=-807 .3
.:7607:9: C8
,/-843 3= 6/0</370 .3 =- 05/- 3= 9084/-4: 74- ;-/9-/- 38 ,8 I ,3<0 .3 906: -7 .3 =07 L=4:;07
6=-807 .3= 6/0>3940 A,3 73 @->-8 3;: 4:.0 6-/- =- 90874/,99: C8 40.07 =07 .34-==37 4-=
90;0 73 3I 39,4-/08 =-7 05/-7 > /3<: 74/-/- =-7 ;0.: 2:
9-9: 0837 @39@-7 38 =- ;: 7;-
3/;: 8-.- =- 90874/,99: C8 3= 9084/-4:74- 7,;: 8:74/-/- ,8 I
,3<0 .3 6=-807 374/:94-;3843 .3
-9,3/.0 908 =- 05/- 3I 39,4-.- > -6/05-.- 60/ 3= : 843/D3840/
07 6=-807 -.: 9:08-=37 0 .3 .34-==37 A,3 73 83937: 4-738 6-/- =- 90874/,99:C8 -.39,-.-
.3 =-7 : 874-=-9:0837 90//3/B8 60/ 9,384- .3= 9084/-4: 74- > 7, 3I
39,9: C8 73 70=:
9:4-/- 60/
;3.: 0 .3 =- :843/D3840/?- ,3.- 9=-/-;-83843 374-5=39: .0 A,3 =-7 ;0.: 2:
9-9: 0837 > =07
6=-807 -.: 9:08-=37 - =07 A,3 73 @:G0 /323/389: - 73/B8 -6/05-.07 38 20/;- 374/: 94- 60/ 3=
:
843/D3840/ -8437 .3 =- 3I 39,9:C8 .3 =- :874-=-9: C8 /376394: D-

& +)1 (&%*


/*&-01 + ) *
-'0 (*
,-

07 3A,: 607 * , : 874-=-9:C8 > 6,374- 38 ;-/9@- 90//3 60/ 9,384- > /: 37<0 .3= 6/0D33.0/
.3 =07 ;: 7;07+ > ;-43/: -=37 3=F94/:
907 73 : 874-=-/-8 .3 -9,3/.0 908 =07 6=-807 .3=
2-5/: 9-843 =07 6=-807 .3 90874/,99: C8 =-7 =:
74-7 .3 ;-43/: -=37 374-7 37639: 2:
9-9:0837 >
908 =-7 : 874/,99: 0837 .3= :843/D3840/
0=-;3843 73 63/;: 4:
/B -6-/4-/73 .3 =07 A,3 73 374-5=3938 =07 6=-807 0 =-7
37639: 2:9-9: 0837 7: ;3.: - 3= 9087384: ;:3840 379/: 40 .3= : 843/D3840/ 07 3A,: 607 >
;-43/: -=37 : 874-=-.07 38 20/;- .32394,07- 73 -I ,74-/-8 0 : 874-=-/-8 8,3D-;3843 -
7-4: 72-99: C8 .3= :843/D3840/
= 4/-5-I 0 73 ;-8: 6,=-/- > 73 ==3D-/- - 7, 607: 9:C8 2: 8-= 908 9,: .-.0 3 : 820/;-/- -=
:843/D3840/ .3 9,-=A,: 3/ .-H0 38 3= 3A,: 60 > 80 73 6/073<,: /B 908 7, : 874-=-9:C8 @-74-
A,3 =- : 843/D3840/? - 438<- =- 060/4,8: .-. .3 .343/;: 8-/ =- ;-<8: 4,. .3 =- -D3/? - >
.39: .:/ 3= 6/093.: ;: 3840 - 73<,: /73 = 9084/-4:74- /36-/- 3= 3A,: 60 .-H-.0 * 70=0 -6=: 9-
6-/- 3= 6/0D33.0/ .3 =07 3A,: 607 + .,/-843 =- 90874/,99: C8 5-I 0 =- .: /399:C8 .3=
:843/D3840/ 0.0 3A,: 60 374-/B 2:/;3 90=09-.0 - 379,-./- > 8: D3= > .3I -.0 38 5,38-
-6-/: 389: -

/ 0&)* &'

-7 37639:
2:
9-9:0837 .3 =07 ;-43/:-=37 - ,4:
=:
G-/ ==38-/-8 40.07 =07 /3A,:
7:407 3E:
<:.07 60/ =-
,-8.0 80 73 37639: 2:
A,3 3E9=,7:D-;3843 3= ,70 .3 ,8 ;-43/: -= .3 9: 3/4- ;-/9-
.3 2B5/:
9- 3= 9084/-4:
74- 60./B 73=399: 08-/=0 =:
5/3;3843 7: 3;6/3 A,3 3743 .3 -9,3/.0
112

908 374-7 37639:2:


9-9:0837 > 908 =07 6=-807 63/0 9,-8.0 73 70=:
9:43 ,8- ;-/9- 37639:
2:
9-
> 3= 9084/-4:
74- .3733 ,7-/ 04/- .: 74:
84- 70=:
9:4-/- -6/05-9:C8 .3= :843/D3840/ :
8<,8-
7,74:
4,9:
C8 73/B -9364-.- 7:8 .:9@- -,40/:G-9:C8

(1 -%5(01 )&' & 6(0)*


(1 '

8 905/3 3=394/0=?4:
90 43;6=3 7,-D3 908 -7: =-;:3840 38 6-/- U D0=4: 07 > -640 6-/-
:
874-=-9:C8 38 -;5: 3843 @L;3.0 08.,940/37 9-5=3-.07 *D-/: 07 @:=07+ 6-/- 9-=:5/37
8,;3/0 U > 7,63/:0/37 08.,940/37 .3 7-=: .- *,8 @: =0+ 6-/- 9-=:
5/37 8,;3/0 R
3 :
823/:
0/37 07 9-=: 5/37 73/B8 =07 :
8.: 9-.07 38 3= 6=-80 0.0 3;6-=;3 .353 <-/-84: G-/
63/23940 -:7=-;:3840 3 :;63/;3-5: =:
.-. - /37: 74389:- .3 -: 7=-;:
3840 73 @-/B 908 9: 84-
.3 9-,9@0 D,=9-8: G-.0 > /39,5/: ;:3840 .3 9:84- -:7=-843 6=B74:9-

(1 -%5(01 )&' /&07 *


(1 ' 8(1 -%5*
0". ((&'1 )*
1'

= 9084/-4:
74- :874-=-/- 40.07 =07 908.,940/37 ;34B=:
907 9-I-7 .3 9083E:0837 9-I -7 .3
-99370 ,8: 0837 -906=-;: 38407 90.07 9,/D-7 -99370/: 07 .3 3E6-87: C8 </-6-7 >
7060/437 6-/- =07 .,9407 .3 =07 7:743;-7 .3 -=,;5/-.0 2,3/G- 43=3208?
- > .3 708:.0 4-=
90;0 =0 /3A,: 3/38 =07 6=-807 .3 90874/,99:C8 =07 /3<=-;38407 > 9C.:<07 =-7 =:
74-7 .3
;-43/:-=37 > 374-7 37639:2:
9-9:0837

( 9 ' %& ' *


%

07 6=-807 :8.:9-8 =- =09-=:G-9:C8 -6/0E:;-.- .3 =-7 9-I -7 > 7, -</,6-9: C8 38 =07 9: /9,:407
- A,3 D-8 908394-.07 , =09-=: G-9:C8 3E-94- 73 374,.:-/B 38 =- 05/- 60/ 3= 9084/-4: 74-
.3 -9,3/.0 908 3= : 843/D3840/ -7 9-I -7 73/B8 .3 -93/0 <-=D-8: G-.0 908 63/20/-9: 0837
6-/- 908.,9407 60/ 40.07 =07 =-.07 -7 7-=: .-7 6-/- : =,;:8-/? -7 73 @-/B8 908 9-I -
094-<08-=37 .3 K E $ e J =-7 7-=: .-7 .3 90//:3843 43=F2080 : 843//,640/37 7389:==07 > 38
<383/-= 40.-7 =-7 9-I -7 - .08.3 ==3<,3 ,8 70=0 908.,940 73 6/0D33/B8 .3 ,8- 9-I -
/394-8<,=-/ .3 K E K E $ e J 6/0D: 74-7 .3= 7,6=3;3840 90//37608.: 3843 -= 4: 60 .3
-99370/: 0 A,3 73 D->- - : 874-=-/ 0 .3 =- 4-6- ;34B=: 9- 0.-7 =-7 9-I -7 .3 7-=: .-
3;604/-.-7 38 90=,;8- 0 ;,/07 438./B8 7, 4-6- 0 7,7 6=-9-7 -= ;: 7;0 8:D3= .3= 6-H343
> -=4,/- 9,-8.0 @->- D-/: -7
-7 -=4,/-7 .3 ;084-I 3 .3 -6-/-407 73/B8 =-7 7: <,:38437 - ;3807 A,3 73 : 8.: A,38
.:23/38437 38 =07 6=-807

843//,640/37 .3 6-/3.37) $ ;34/07


0;-7 .3 90//: 3843 .3 6-/3.) & ;34/07
0;-7 .3 43=F2080 > 43=3D:7:
C8) & ;34/07
:
7607:4:
D07 .3 4:;5/3) M ;34/07

01 / ' %& (1 ))*


&-0&

-7 40;-7 .05=37 6-/- 90//:3843 ;0802B7: 9- 73/B8 .3 $M -;63/: 07 - $ M D0=4:


07 .3= 4:
60
/-8,/- 6-/- 9=-D:I- 6=-8- 908 4-6- -7 40;-7 7389: ==-7 .3 6:70 73/B8 .3 $M -;63/: 07 -
$ M D0=4:07 908 9-I- .3 @: 3//0 2,8.:.0 - 6/,35- .3 @,;3.-. > 4-6-7 .3 905/3 908
9,5: 3/4- .3 /079- > 7,I34-.- 908 9-.38- -7 40;-7 7389: ==-7 6-/- 90//:3843 4/:
2B7:
9-
73/B8 .3 M -;63/: 07 - M D0=4: 07 4:
60 :8.,74/:
-= 6-/- 4/-5-I 0 637-.0 908 /-8,/-7
113

/394-8<,=-/37 -7 40;-7 7389:==-7 6-/- 90//:


3843 4/:
2:
=-/ 73/B8 .3 -;63/: 07 - M D0=4:
07
908 .07 /-8,/-7 63/638.:9,=-/37 384/3 7: - 7-=:
.- 6-/- 43=F20807 438./B ,8- 40;- 908
4-6- .3 6-/- 9=-D:
I- /3.08.-

*
-0&))5+01 )&' %& + )&%

-/- 3= 9084/0= .3= -=,;5/-.0 73 3;6=3-/-8 : 843//,640/37 4:


60 .3 :
89/,74-/ .3 ,80 .07 0
4/37 60=07 908;,4-5=3 7389: ==0 0 .05=3 73<L8 73 : 8.: 9- 38 =07 6=-807 908 4-6- .3
5-g3=:4-
, 9-6-9: .-. 73/B .3 $ -;63/: 07 - $ M D0=4:
07

(1 -%5(01 )&' . ((&'1 )*


1'

-7 =?83-7 .3 5-I - 4387:


C8 73 :
874-=-/-8 908 908.,940/37 .3 905/3 .3 43;6=3 7,-D3 908
-: 7=-;:3840 4: 60 R 6-/- U D0=4:
07 .3 -9,3/.0 - =07 9-=: 5/37 :8.: 9-.07 38 =07 6=-807 >
6=: 3<07 .3 9-/<0 07 908.,940/37 908 9-=: 5/3 :<,-= 0 ;380/ - ,8 8,;3/0 R 73/B8
.3 -=-;5/3 > =07 908.,940/37 .3 ;->0/ 9-=: 5/3 -= 8,;3/0 R 73-8 38 9-5=3 0 73
-.;: 438 908.,940/37 7,63/: 0/37 -= 8L;3/0 $ R 38 =07 7: 743;-7 .3 -=,;5/-.0 > 2,3/G-
8 40.- =- 3E4387: C8 .3 =- 9,5:3/4- .3 =07 908.,940/37 374-/B8 .35: .-;3843 ;-/9-.07
7, 9-=: 5/3 D0=4-I 3 > 4: 60 .3 -: 7=-;:
3840 0 73 63/;: 4:/B 8: 8<L8 9-;5: 0 38 =-7
9-/-943/? 74:9-7 .3 =07 908.,940/37 37639: 2:
9-.07 8:=- : 874-=-9: C8 .3 908.,940/37 38
908.,9407 .374: 8-.07 - 04/07 3A,: 607 -6-/-407 0 73/D: 9: 07 8437 .3 : 874-=-/ =07
908.,940/37 73 =: ;6: -/-8 9,:.-.07-;3843 =07 908.,9407 07 -99370/: 07 - ,7-/ 38 374-
:874-=-9:C8 73/B8 ;0/.-G-7 6-4384-.-7 , 04/07 .: 7607:
4:D07 A,3 -6/,353 3= : 843/D3840/ 0
73 63/;: 43 3= ,70 .3 =-G07 8:.3 3743-4: D- 38 60=D0 04/0 =,5/: 9-843 :83/43 7390 38 3=
7384: .0 .3 =07 9-5=37 90;0 4-;6090 3= ,70 .3 </-7- , 04/07 ;-43/: -=37 A,3 6,3.-8
.-H-/ 3= -: 7=-;:3840 -.- 908.,940/ 73 : .384:2:9-/- 38 -;507 3E4/3;0 > 38 =-7 9-I -7 .3
-99370/: 07 ;3.: -843 34:A,34-7 .3 2: 5/- 908 =07 8L;3/07 -7: <8-.07 38 =07 6=-807 > 38 =07
9,-./07 .3 908.,940/37 07 908.,940/37 73 90=09-/-8 7: 8 384/3=-G-/73 > 73 .3I -/-8
=08<: 4,.37 -.: 9:
08-=37 -.39,-.-7 .384/0 .3 =07 4-5=3/07 9-I -7 349 6-/- 63/;: 4:
/ ,8
-//3<=0 8? 4:
.0 .3 =-7 9083E:0837

&: 5**
;)*
1 %& 4 '&'

= 9084/-4:74- 3A,: =:
5/-/- 9,:.-.07-;3843 =- 9-/<- 3=F94/:
9- .3 =- 2-73 9,-8.0 9083943
=07 9:/9,:407 .3 =07 4-5=3/07 -,40;B4:
907 = .373A,:=:
5/:
0 404-= 80 60./B 3E93.3/ .3 ,8 $ N

'*
'0&/ %& 0*
&)) '

= 9084/-4:
74- :
874-=-/- > 908394-/- 40.07 =07 ;-43/: -=37 6-/- 6,374- - 4:
3//- :89=,>38.0 =-7
9083E: 0837 - =-7 374/,94,/-7 4-5=3/07 3A,: 607 908.,9407 : 874/,;38407 349 -7
9083E: 0837 - 4:3//- .3= 3A,: 60 > 374/,94,/-7 73 @-/B8 60/ ;3.: 0 .3 9083E: 0837 - 6/37: C8
.3 5/0893 0 905/3 908 6-/43 ;34B=: 9-7 80 23//07-7 - ;3807 A,3 73 : 8.:A,3 =0 9084/-/: 0
0.07 =07 9-5=37 .3 4:3//- > =07 9083940/37 73 =:
;6: -/-8 9,:.-.07-;3843 908 ,8 936: ==0 .3
-=-;5/3 908 7,7 6,84-7 .3 9083E: 0837 0 73 -9364- =: ;6:3G- 908 B9: .0
0.-7 =-7 374/,94,/-7 > 5-737 .3 3A,: 60 ;39-8: 7;07 .3 9084/0= ;040/37 4-5=3/07 > 7,7
374/,94,/-7 .3 7060/43 <-5: 83437 ;34B=:907 3=3;38407 .3 9-5=3 7: 743;-7 .3 908.,9407
114

;34B=:907 90/-G-7 ;34B=: 9-7 .3 =07 9-5=37 -/432-9407 .3 :


=,;:
8-9:
C8 93/907 > 6,3/4-7
349 73 908394-/-8 -= 7:
743;- .3 6,374- - 4:3//-

(1 -%5(01 )&' & 6(0)*


(1 '

0.07 =07 -=-;5/37 4: 60 R > 9-5=37 73/B8 38 905/3 3=394/0=? 4:


90 43;6=3 7,-D3 908
-:7=-;: 38407 6-/- U D0=4:
07 > 3= 9-=:5/3 :
8.:9-.0 38 =07 6=-807 0.07 =07 908.,940/37
@-74- 3= 9-=: 5/3 R 73/B8 -=-;5/3 .3 ,8 70=0 @: =0 > 3= 9-=:
5/3 8,;3/0 U R 38
-.3=-843 73/B8 9-5=37 .3 D-/: 07 @:=07
0 60./B8 A,3.-/ .3/: D-9: 0837 0 3;6-=;37 .3 908.,940/37 .384/0 .3 =07 4,507 7: 80 38
=-7 9-I -7 .3 7-=:
.-7 .3 .3/:D-9:C8 .3 3;6-=;37 384/3 374-7 =07 908.,940/37 .353/B8 60/
=0 4-840 73/ 4/-;07 9084: 8,07
-/- =07 3;6-=;37 .3 908.,940/37 7,63/: 0/37 -= 9-=:
5/3 0 R 73 ,7-/-8 43/;:8-=37 0
50/837 9083940/37 -/- =- : .384: 2:
9-9:C8 .3 =07 9:/9,:
407 :
874-=-.07 .384/0 .3 ,8 ;:7;0
4,50 0 908394-.07 -= ;: 7;0 7: 743;- 73 /390;: 38.- 3= 3;6=30 .3 908.,940/37 .3
.:23/38437 90=0/37 0/ 3I 3;6=0 -7? )

• :
/9,:
40 .3 .07 -=-;5/37) ,80 83</0 ,80 5=-890
• :
/9,:
40 .3 4/37 -=-;5/37) ,80 83</0 ,80 5=-890 ,80 /0I
0
• :
/9,:
40 .3 9,-4/0 -=-;5/37) ,80 83</0 ,80 5=-890 ,80 /0I
0 ,80 -G,=

= 90=0/ 5=-890 .353 ,7-/73 6-/- 3= 83,4/0 > 3= D3/.3 3E9=,7:


D-;3843 6-/- 9083E: 0837 -
4:
3//- 07 908.,940/37 .3 : <,-= 90=0/ .3538 63/438393/ > 73/ 908394-.07 - =- ;:7;- 2-73
.3= 4-5=3/0 -=:
;384-.0/ 0.07 =07 3;6-=;37 > .3/: D-9:0837 6-/- -=,;5/-.0 73 @-/B8 7:8
70=.-.,/- > =-7 ,8:0837 73 -73<,/-/-8 3=F94/: 9- > ;39B8: 9-;3843 0 73 63/;:4:/B8
3;6-=;37 .3 /-;-=37 - 80 73 A,3 73 @-<-8 38 9-I -7 .3 9083E:C8 0 38 -99370/:07 A,3
73-8 63/;-83843;3843 -9937: 5=37

-5=3/0 <383/-=
3 ,4:=:
G-/-8 4-5=3/07 4/:
2B7:
907 6-/- 7:
743;- .3 .: 74/:
5,9:C8 34/-2:=-/ 90874/,:
.07 38 =B;:8-
.3 -93/0 908 6,3/4- 93//-.,/- > ==-D3 3 : 843//,640/37 ;08060=-/37 -,40;B4: 907 90;0 73
.34-==- 38 =07 6=-807
= 4-5=3/0 <383/-= .353/B 73/ .3= 4:60 <-5:8343 0 -,40 7060/4-.0 73<L8 3= 9-70 74-/B
90874/,: .0 38 =-;:8- .3 -93/0 9-=: 5/3 0 $ 0 0 $ /376394: D-;3843 > 73 6/0D33/B .3
6,3/4-7 5: 7-</-.-7 93//-.,/-7 ==-D37 > 4-/I
343/0'5-/-I 37 -6/06:-.07 38 6=-4: 8- .3 905/3
/0I0 0874-/- .3 =-7 7399: 0837 :8.:76387-5=37 6-/- 3= ;084-I 3 .3 =07 -99370/: 07 >
.:7607:4:D07 .3 ;3.: .- > 9084/0= :
8.:9-.07 38 =07 6=-807 3 4/-4-/- 908 ,8- 5-73 .3
6:84,/- -84: 90//07:
D- > 2:8-=;3843 908 .07 9-6-7 .3 37;-=43 </: 7 @0/83-5=3 90=0/ </:
7
6=0;0

/&%* % .41 )/ %& + 2 1


-7 6-/437 90;60838437 .3 374-7 37639: 2:9-9: 0837 73 9084-5:=:
G-/-8 60/ ,8:.-.37 73<L8
3= 9-70 > 3= 6-<0 73 32394,-/- 6/3D: 0 /39: 50 .3 =07 4/-5-I 07 /376394:
D07 - 3843/-
7-4:
72-99:C8 .3= :
843/D3840/ .3 -9,3/.0 - =07 6/39:
07 374-5=39:
.07 60/ 3= 9084/-40
115

3 /32:
3/3 - =- :
874-=-9:C8 .3= 908I
,840 .3 908.,940/37 A,3 63/;: 438 3= 7,;: 8:74/0 .3 383/<?-
- -90;34: .- .353/B 73/ 7,543//B83- > 73 @-/B 38 4,50 4:
60 637-.0 .3 fK > =-
90//:3843 ;BE: ;- 4/-8760/4-.- 60/ =07 908.,940/37 80 .353/B 3E93.3/ 3= =?
;: 43 4F/;:90 .3 =07
908.,940/37 - =08<: 4,. ;BE: ;- .3 =- -90;34:.- 73/B .3 & ;

,50 4:
60 637-.0 .3 fK

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

& $ 90;34:
.- 3=F94/:
9- 8:
.- *,8.+

-7 7-=:
.-7 6-/- :
=,;:
8-/?
-7 73 @-/B8 908 9-I
- 094-<08-=37 .3 K E $ eJ 6/0D: 74-7 .3=
7,6=3;3840 90//37608.:
3843 -= 4:
60 .3 -99370/:
0 A,3 73 D->- - :
874-=-/ 0 .3 =- 4-6-
;34B=:9-

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

3 ,4: =:
G-/-8 4-5=3/07 4/:
2B7:907 6-/- 7: 743;- .3 .: 74/:
5,9:C8 4/:2:
=-/ 90874/,:
.0 38 =B;: 8- .3
-93/0 908 6,3/4- 93//-.,/- > ==-D3 3 : 843//,640/37 ;08060=-/37 -,40;B4: 907 90;0 73
.34-==- 38 =07 6=-807
= 4-5=3/0 <383/-= .353/B 73/ .3= 4:
60 <-5: 8343 74-/B 90874/,: .0 38 =-;:8- .3 -93/0 9-=:5/3
0 $ 0 0 $ /376394: D-;3843 > 73 6/0D33/B .3 6,3/4-7 5: 7-</-.-7 93//-.,/-7 ==-D37 >
4-/I 343/0' 5-/-I37 -6/06: -.07 38 6=-4: 8- .3 905/3 /0I 0 0874-/- .3 =-7 7399: 0837
:8.: 76387-5=37 6-/- 3= ;084-I 3 .3 =07 -99370/: 07 > .:7607:
4:D07 .3 ;3.: .- > 9084/0= :
8.:
9-.07
38 =07 6=-807 3 4/-4-/- 908 ,8- 5-73 .3 6: 84,/- -84:90//07:D- > 2:
8-=;3843 908 .07 9-6-7
.3 37;-=43 </: 7 @0/83-5=3 90=0/ </:7 6=0;0

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

$$
116

-7 40;-7 .05=37 6-/- 90//: 3843 ;0802B7: 9- 73/B8 .3 $M -;63/: 07 - $ M D0=4:


07 .3= 4:
60
/-8,/- 6-/- 9=-D: I- 6=-8- 908 4-6- -7 7-=: .-7 ;0802B7: 9-7 73 @-/B8 908 9-I- /394-8<,=-/37
.3 K E K E$ eJ 6/0D: 74-7 .3= 7,6=3;3840 90//37608.: 3843 -= 4:
60 .3 -99370/:
0 A,3 73 D->- -
:874-=-/ 0 .3 =- 4-6- ;34B=: 9- 0.-7 =-7 9-I -7 .3 7-=:
.- 3;604/-.-7 38 90=,;8- 0 ;,/07
438./B8 7, 4-6- 0 7,7 6=-9-7 -= ;: 7;0 8:
D3= .3= 6-H343 > -=4,/- 9,-8.0 @->- D-/:-7

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

& -=:
.- ;0802B7:
9- .05=3 $$ D 8:
.- *,8.+

-7 7-=:
.-7 ;0802B7:9-7 73 @-/B8 908 9-I - /394-8<,=-/ .3 K E K E$ eJ 6/0D: 74-7 .3=
7,6=3;3840 90//37608.: 3843 -= 4:60 .3 -99370/: 0 A,3 73 D->- - :
874-=-/ 0 .3 =- 4-6-
;34B=:9- 0.-7 =-7 9-I-7 .3 7-=:
.- 3;604/-.-7 38 90=,;8- 0 ;,/07 438./B8 7, 4-6- 0 7,7
6=-9-7 -= ;:
7;0 8:
D3= .3= 6-H343 > -=4,/- 9,-8.0 @->- D-/:-7

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

-7 7-=:
.-7 ;0802B7:9-7 73 @-/B8 908 9-I - /394-8<,=-/ .3 K E K E$ eJ 6/0D: 74-7 .3=
7,6=3;3840 90//37608.: 3843 -= 4:60 .3 -99370/: 0 A,3 73 D->- - :
874-=-/ 0 .3 =- 4-6-
;34B=:9- 0.-7 =-7 9-I-7 .3 7-=:
.- 3;604/-.-7 38 90=,;8- 0 ;,/07 438./B8 7, 4-6- 0 7,7
6=-9-7 -= ;:
7;0 8:
D3= .3= 6-H343 > -=4,/- 9,-8.0 @->- D-/:-7

- -=4,/- .3 =-7 7-=:


.-7 .3 43=F2080 37 .3 & ;

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

= 9084/-4:74- :
874-=-/- > 908394-/- 40.07 =07 ;-43/: -=37 6-/- 6,374- - 4:3//- :
89=,>38.0 =-7
9083E: 0837 - =-7 374/,94,/-7 4-5=3/07 3A,: 607 908.,9407 : 874/,;38407 349 -7 9083E: 0837 -
4:
3//- .3= 3A,: 60 > 374/,94,/-7 73 @-/B8 60/ ;3.:0 .3 9083E: 0837 - 6/37:
C8 .3 5/0893 0 905/3
908 6-/43 ;34B=: 9-7 80 23//07-7 - ;3807 A,3 73 :8.:A,3 =0 9084/-/:
0
117

0.07 =07 9-5=37 .3 4:3//- > =07 9083940/37 73 =:


;6:-/-8 9,: .-.07-;3843 908 ,8 936: ==0 .3
-=-;5/3 908 7,7 6,84-7 .3 9083E: 0837 0 73 -9364- =: ;6:3G- 908 B9:
.0
0.-7 =-7 374/,94,/-7 > 5-737 .3 3A,: 60 ;39-8: 7;07 .3 9084/0= ;040/37 4-5=3/07 > 7,7
374/,94,/-7 .3 7060/43 <-5: 83437 ;34B=:907 3=3;38407 .3 9-5=3 7: 743;-7 .3 908.,9407
;34B=:907 90/-G-7 ;34B=: 9-7 .3 =07 9-5=37 -/432-9407 .3 :
=,;:8-9:
C8 93/907 > 6,3/4-7 349 73
908394-/-8 -= 7:743;- .3 6,374- - 4: 3//-

-7 7-=:
.-7 ;0802B7:9-7 73 @-/B8 908 9-I - /394-8<,=-/ .3 K E K E$ eJ 6/0D: 74-7 .3=
7,6=3;3840 90//37608.: 3843 -= 4:60 .3 -99370/: 0 A,3 73 D->- - :
874-=-/ 0 .3 =- 4-6-
;34B=:9- 0.-7 =-7 9-I-7 .3 7-=:
.- 3;604/-.-7 38 90=,;8- 0 ;,/07 438./B8 7, 4-6- 0 7,7
6=-9-7 -= ;:
7;0 8:
D3= .3= 6-H343 > -=4,/- 9,-8.0 @->- D-/:-7

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

-7 7-=:.-7 ;0802B7: 9-7 73 @-/B8 908 9-I - /394-8<,=-/ .3 K E K E$ eJ 6/0D: 74-7 .3=
7,6=3;3840 90//37608.: 3843 -= 4:60 .3 -99370/: 0 A,3 73 D->- - :
874-=-/ 0 .3 =- 4-6-
;34B=: 9- 0.-7 =-7 9-I -7 .3 7-=:
.- 3;604/-.-7 38 90=,;8- 0 ;,/07 438./B8 7, 4-6- 0 7,7
6=-9-7 -= ;:7;0 8: D3= .3= 6-H343 > -=4,/- 9,-8.0 @->- D-/:-7
- -=4,/- .3 =-7 7-=:
.-7 .3 43=3D:7:
C8 37 .3 & ;

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

<&-0 - /&07 *
( = >

%&'()* +(*, - . /&01 %1 1 2 3


-7 D384-8- 73 2-5/: 9-/- 38 =-;: 8- 0=. 0== .3 9-=: 5/3 $ 908 7,7 /376394: D07 73<,/07 >
D:./:07 .3 9-=:.-. 3 -9,3/.0 908 =07 .: 73H07 > .34-==37 .3 =07 6=-807 -/A,: 4394C8:907
=07 9,-=37 .3538 73/ 7:
;:=-/37 - =07 .:
73H07 .3 =- 9-/6:843/?
- 3E:743843 38 =- 379,3=-
-7 D384-8-7 .353/B8 384/3<-/38 6: 84-.-7 38 6: 84,/- -84:90//07:D- .3 3= 90=0/ A,3 3=
-;5: 3843 -/A,:4394C8:90 =0 3E:
<3

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8
60/ =- 843/D3840/:
-
118

$ ,;:
8:74/0 3 :
874-=-9:
C8 .3 D384-8- ;34B=:
9- $ E$ M 8:
.-.
*,8.+

V$ ! $

-7 6,3/4-7 73 @-/B8 38 =B;:8- 0== 0=. .3 9-=: 5/3 $ : 89=,:


/B8 =- 9@-6- > 40.-7 =-7
6,3/4-7 73 384/3<-/-8 38 6:84,/- -84:
90//07:
D- .3= 90=0/ A,3 3= .:
73H0 -/A,:4394C8:
90 =0
3E:
I-

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

- ;3.: .- 73/B 3= 8,;3/0 .3 ,8: .-.37 90=09-.-7 60/ 9-.- 4: 60 > /39:5:.-7 - 3843/-
7-4:
72-99:C8 *:89=,>3 6:
84,/-+ 60/ 3= :
843/D3840/ 3= 6-<0 73 @-/B - =07 6/39:
07 374-5=39:
.07
38 3= 9084/-40 60/ 9-.- 4:
60 .3 6,3/4-

$ ,;:
8:74/0 3 :
874-=-9:
C8 .3 6,3/4- ;34B=:
9- E$ 8:
.-.
*,8.+

$ V
74- 6,3/4- 73 =09-=:
G-/- 6-/- =- 384/-.- - =-7 5-43/?
-7 7-8:4-/:
-7
-7 6,3/4-7 73 @-/B8 38 =B;: 8- 0== 0=. .3 9-=: 5/3 :
89=,:/B8 3= 6-7-.0/ > 40.-7 =-7
6,3/4-7 73 384/3<-/-8 38 6: 84,/- -84: 90//07:
D- .3= 90=0/ A,3 3= .:73H0 -/A,:4394C8:
90 =0
3E:I
-

743 ?43; 73 6-<-/- 60/ ,8:.-. -= 6/39:0 374:


6,=-.0 38 3= 9084/-40 908 6/3D:- -6/05-9: C8 60/
=- 843/D3840/:-
- ;3.: .- 73/B 3= 8,;3/0 .3 ,8: .-.37 90=09-.-7 60/ 9-.- 4: 60 > /39:5:.-7 - 3843/-
7-4:72-99:C8 *:
89=,>3 6:84,/-+ 60/ 3= :
843/D3840/ 3= 6-<0 73 @-/B - =07 6/39: 07 374-5=39:
.07
38 3= 9084/-40 60/ 9-.- 4:60 .3 6,3/4-

$M ,;:
8:74/0 3 :
874-=-9:
C8 .3 D384-8- ;34B=:
9- $ E 8:
.-.
*,8.+

$U V U
74- 6,3/4- 73 =09-=:
G-/- 6-/- =- 384/-.- - 9-.- ,80 .3 =07 9,5? 9,=07 7-8:
4-/:
07
-7 6,3/4-7 73 @-/B8 38 =B;: 8- 0== 0=. .3 9-=: 5/3 :89=,:
/B8 3= 6-7-.0/ > 40.-7 =-7
6,3/4-7 73 384/3<-/-8 38 6: 84,/- -84: 90//07:
D- .3= 90=0/ A,3 3= .:73H0 -/A,: 4394C8:
90 =0
3E:I
-
119

743 ?43; 73 6-<-/- 60/ ,8:.-. -= 6/39:0 374:


6,=-.0 38 3= 9084/-40 908 6/3D:- -6/05-9: C8 60/
=- 843/D3840/:-
- ;3.: .- 73/B 3= 8,;3/0 .3 ,8: .-.37 90=09-.-7 60/ 9-.- 4: 60 > /39:5:.-7 - 3843/-
7-4:72-99:C8 *:
89=,>3 6:84,/-+ 60/ 3= :
843/D3840/ 3= 6-<0 73 @-/B - =07 6/39: 07 374-5=39:
.07
38 3= 9084/-40 60/ 9-.- 4:60 .3 6,3/4-

$M ,;:
8:74/0 3 :
874-=-9:
C8 .3 6,3/4- ;34B=:
9- $ U E U 8:
.-.
*,8.+

% U V U
087:
743 38 =- 90874/,99: C8 .3 ,8- 9-I - .3 :876399:C8 38 =-./:==0 40=343 .3 U E U
.35:.-;3843 2/: 7-.- 3 :;63/;3-5: =:
G-.- 908 ,8- 4-6- 38 9089/340 /320/G-.0 6-/- 60.3/
:
876399: 08-/ 7, 2,4,/0 2,89:08-;:
3840 38 =- 3D-9,-9:C8 .3 -<,-7 73/D:.-7

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:
C8 60/
=- 843/D3840/:
-

M & -I
-7 .3 :
876399:
C8 .3 U E U 8:
.-. *,8.+

!
3 /32:3/3 - 40.07 =07 6,8407 .3 =- /3. @:./B,=:
9- 6-/- =- 5-43/?- 7-8: 4-/:
- A,3 2,3/08
.35:.-;3843 9-=9,=-.07 38 3= 374,.:0 @:./07-8:
4-/:0 A,3 73 -</3<0 -= 6/0>3940 *6-/- ;-7
.34-==37 D3/ 374,.:
0+

743 ?
43; 73 6-<-/- 60/ ,8:
.-. -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9:C8 60/
=- 843/D3840/:
- , 20/;- .3 6-<0 37 60/ 6,840 > 3= :
89=,>3 =07 ;-43/:
-=37 3 :
874-=-9:
C8 .3 =-7
4,53/?-7

M U ,840 @:
./B,=:
90 8:
.-. *,8.+

K
3 /32:
3/3 - =07 6,8407 A,3 73/D:/B8 6-/- 3D-9,-/ =-7 -<,-7 83</-7 > A,3 @-938 6-/43 .3 =-
/3. 7-8:4-/:
- *D3/ 374,.:
0 @:
./07-8: 4-/:
0+

743 ?
43; 73 6-<-/- 60/ ,8: .-. .3 6,840 3 :
89=,>3 =- :
874-=-9:
C8 .3 =- 4,53/?
- > 3= /3==380 .3
=- G-8I- A,3 73 @: G0 6-/- 7, :874-=-9:
C8 -= 6/39:
0 374:6,=-.0 38 3= 9084/-40 908 6/3D: -
-6/05-9: C8 60/ =- 843/D3840/:
-
120

&K K
3 /32:
3/3 - =07 6,8407 A,3 73/D:/B8 6-/- 3D-9,-/ =-7 -<,-7 83</-7 > A,3 @-938 6-/43 .3 =-
/3. 7-8:4-/:
- *D3/ 374,.:
0 @:
./07-8: 4-/:
0+

743 ?
43; 73 6-<-/- 60/ ,8: .-. .3 6,840 3 :
89=,>3 =- :
874-=-9:
C8 .3 =- 4,53/?
- > 3= /3==380 .3
=- G-8I- A,3 73 @: G0 6-/- 7, :874-=-9:
C8 -= 6/39:
0 374:6,=-.0 38 3= 9084/-40 908 6/3D: -
-6/05-9: C8 60/ =- 843/D3840/:
-

,840 7-8:4-/:
0 .3 K 8:
.-. *,8.+
M ,840 7-8:
4-/:0 .3 &K 8:
.-. *,8.+
,840 7-8:4-/:
0 .3 K 8:
.-. *,8.+

3 /32:3/3 3743 ? 43; -= 7,;:8:74/0 3 :874-=-9:


C8 .3 -6-/-407 7-8: 4-/:07 *:
80.0/07+ A,3 .3538
9,;6=: / 908 =-7 80/;-7 6-/- 3743 4:
60 .3 -/432-9407 7407 73 .353/B8 90=09-/ .3
4-= 20/;- A,3 73 <-/-84: 93 7, 2,89: 08-;: 3840 > -@0//0 .3 -<,- 7:
8 379-637 8:2:=4/-9:
0837

%&'()*
+(*
, - . /&01 %1 1 2 3

8437 .3 389@-6-/ 73 .35: 3/08 .3I-/ =07 6,8407 .3 =07 /376394:


D07 -6-/-407 3= 9,-= .353
9,;6=:/ 908 =-7 .:
74-89:-7 ;?8:;-7 .3 : 874-=-9:C8 908438: .-7 38 3= C.: <0 .3 084-83/? -
.3 0=0;5: - 3 6/093.3 - 3;50A,: ==-/ 908 93;3840 5=-890 =- -53/4,/- .3 =- 4,53/?-
7-8:
4-/:-3 :
874-=-/ 3= -6-/-40 7-8:
4-/:
0 > 2: 8-=;3843 73 908394- - =- 4,53/?
- 7-8:
4-/:-

/ 0&)* &'

3;3840 5=-890 > @3//-;:


384-7 .3 ;-80

743 ?
43; 73 6-<-/- 60/ ,8:
.-. 3 : 89=,>3 : 874-=-9:C8 73 /3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3=
9084/-40 908 6/3D:
- -6/05-9:C8 60/ =- 843/D3840/:-

M -8:
4-/:
07 8:
.-. *,8.+

3 /32:
3/3 3743 ?43; -= 7,;: 8:74/0 3 :
874-=-9:
C8 .3 =-D-;-807 A,3 .3538 9,;6=: / 908 =-7
80/;-7 6-/- 3743 4:
60 .3 -/432-9407 7407 73 .353/B8 90=09-/ .3 4-= 20/;- A,3 73
<-/-84:93 7, 2,89:08-;:3840 > -@0//0 .3 -<,- 7:
8 379-637 8:2:=4/-9:
0837 -.3;B7 =-7 ==-D37
121

8437 .3 389@-6-/ 73 .35: 3/08 .3I -/ =07 6,8407 .3 =07 /376394:D07 -6-/-407 3= 9,-= .353
9,;6=: / 908 =-7 .:
74-89:
-7 ;? 8:
;-7 .3 : 874-=-9:
C8 908438:.-7 38 3= C.: <0 .3 084-83/? - .3
0=0;5: - 3 6/093.3 - 3;50A,: ==-/ 908 93;3840 5=-890 =- -53/4,/- .3 =- 4,53/?- 7-8:4-/:
-
3:874-=-/ 3= =-D-;-807 > 2:
8-=;3843 73 908394- - =- 4,53/?- 7-8:4-/:
-

3;3840 5=-890 > @3//-;:


384-7 .3 ;-80

743 ?
43; 73 6-<-/- 60/ ,8:
.-. 3 : 89=,>3 : 874-=-9:C8 73 /3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3=
9084/-40 908 6/3D:
- -6/05-9:C8 60/ =- 843/D3840/:-

M # =-D-;-807 8:
.-. *,8.+

#
7407 708 =07 -6-/-407 - : 874-=-/ 38 =- 5-43/?- 7-8:4-/:
- 73<L8 374,.:0 @:./07-8:4-/:
0 > 6-/-
;->0/37 .34-==37 3= 6=-80 @:./07-8: 4-/:0
7407 -6-/-407 .3538 9,;6=: / 908 =-7 80/;-7 3 A,3 73 3E:
<38 > =- 20/;- .3
6-<0 .3 3743 ? 43; :89=,>3 3= D-=0/ .3= -6-/-40 -7?90;0 3= .3 7, /376394:
D- :
874-=-9:C8

743 ?
43; 73 6-<-/- 60/ ,8:.-. 3 :89=,>3 : 874-=-9:C8 73 /3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3=
9084/-40 908 6/3D:- -6/05-9:
C8 60/ =- 843/D3840/:-
M /:
8-=37 .3 6-/3. 8:.-. *,8.+

- =:
;6: 3G- 9087:74:
/B 38 3= /34:
/0 .3 ;-43/:
-= .3 .3763/.:
9:0 > =-D-.0 .3 =-7 -,=-7 6-/- 7,
60743/:
0/ 384/3<-

- ;3.:.- 6-/- =- =:
;6:3G- 73/B 60/ ,8:
.-. <=05-= > =- 20/;- .3 6-<0 73/B .3 -9,3/.0 -=
6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
- -6/05-9: C8 60/ =- 843/D3840/:
-

%&'()*+(*, - . /&01 %1 1 2 3
8- D3G 43/;: 8-.07 =07 6:
707 38 4-5=C8 73 6/093.3/B - =: ;6:-/ 7, 7,63/2:
9:3 908 4/-60 0
37406- ;0I -.- > 908 376B4,=- 6-/- A,:4-/ =07 /37:.,07 .3 ;0/43/0 9089/340 0 6: 84,/- A,3
@->-8 A,3.-.0
9084:
8,-9: C8 73 ,7-/- -<,- I-5C8 > 936: ==0 .3 2:
5/- 2,3/43 ,3<0 73 : ;6/3<8-/- 3= 6:70
908 93/- > 73 5/:
==-/-
122

/ 0&)* &'
%-5C8 .343/<3843 936: ==0 .3 2:
5/- 2,3/43 37905-7 376B4,=-7 B9:
.0 ;,/:
B4:
90 ;-A,:
8-
6,=:
.0/- 07 6:707 .3538 A,3.-/ 5/: ==-8437

087: 743 38 3= /34: /0 .3 ;-43/: -= 6/0.,940 .3 =-7 3E9-D-9: 0837 6-/- =07 .: D3/707 6/093707
90874/,94: D07
-/- 3= /34:/0 .3 =07 705/-8437 =- ,8:
.-. .3 ;3.: .- 73/B 3= ;34/0 9L5:90 - .:74-89:- 6/0;3.: 0
.3 .:3G g:=C;34/07 .3 -9-//30 - 6-/4: / .3= =?
;:43 .3= 6/39:
0 73<L8 =- =09-=:
G-9:C8 > =0 0/.38-.0
60/ 3= :
843/D3840/
-/- .3I -/ =- 05/- 404-=;3843 =: ;6: - 3= 9084/-4:74- .353/B 4383/ 38 9,384- =- /34: /-.- .3
3790;5/07 > /37: .,07 .3 ;-43/: -=37 705/-8437 0 /34-=37 .3 ;-.3/- -/38- =-./: ==07
</-D:==- 5-=.07? 8 349 A,3 @->-8 A,3.-.0 38 : 843/:
0/37 0 3E43/: 0/37 .3I -8.0 =07
-;5: 38437 63/2394-;3843 5-//: .07

743 ?
43; 73 6-<-/- 60/ ;& 73 /3-=:
G-/B -= 6/39:
0 374:
6,=-.0 38 3= 9084/-40 908 6/3D:
-
-6/05-9:C8 60/ =- 843/D3840/:
-

, 3

) * ) * * ) )

, 74

5 ))* *
123

, 76

* ) * ) ) .

) 0 &O # 6-/- =- 3I
39,9:
C8 .3 =-7 7:
<,:
38437 05/-7)

“CONSTRUCCION POLIDEPORTIVO, BATERIA SANITARIA Y AULAS DE CLASES ESCUELA EL AGUIRRE DEL


$ MUNICIPIO DE LEBRIJA (SANTANDER)”

= 7,79/:
40 EEEEEEEEEEEEEEEEEEEEEEE =3<-=;3843 -,40/: G-.0 6-/- -94,-/ 38 80;5/3
.3 EEEEEEEEEEEEEEEEEEEEE .3 -9,3/.0 908 =-7 80/;-7 374-5=39: .-7 38 =07
.3 908.: 9:
0837 .3 =- :9:
4-9:08 ,5=:
9- 0 &O # 6-/- =-
EEEEEEEEEEEEEEEEEEEEEEEEEE 38 EEEEEEEEEEEEEEEEEEEEEEEEEEEE @-<0 90874-/ A,3 ;3
90;6/0;340 - 6/37384-/ -8437 .3 4/37 .? -7 -843 * =-7
@0I -7 .3 D:.- .3= 63/708-= 6/0237: 08-= - 3;6=3-/ 38 =- 90874/,99: C8 .3 .: 9@-7
05/-7 .3 -9,3/.0 -= 63/2: = /3A,3/:
.0 60/ =07 .3 908.: 9:0837 .3 374-
=:
9:4-9:C8 6-/- A,3 73-8 -6/05-.-7 60/ * 6-/- 3=
63/2399: 08-;: 3840 .3= 084/-40 38 3= 9-70 .3 73/ -.I ,.:
9-.- ;:023/4-

3 80 9,;6=:/ 908 =0 -843/:0/ -93640 A,3 * 6/093.- - =-


-6=:
9-9:C8 .3 =-7 ;,=4-7 /376394:D-7 60/ :
89,;6=:
;:3840 6-/9:
-=

0/.:-=;3843
0;5/3 > 63==: .07 90;6=3407
F.,=- .3 : ,.-.-8?-
-4/?
9,=- 0
:/399:C8
3=F2080
124

ANEXO No 07

EXPERIENCIA DEL PROPONENTE EN CONSTRUCCION DE EDIFICACIONES

INTEGRANTE DEL PROPONENTE

PROPIETARIO O VALOR EN VALOR FECHA (MES/AÑO) contrato acreditar


No PROYECTO LOCALIZACION
CONTRANTE PESOS SMMLV INICIAL FINAL marcar con (x)

NOMBRE Y FIRMA DEL REPRESENTANTE LEGAL


125

, 7:
) * )

YYYYYYYYYY

:
,.-. > 239@-

= 7,79/:
40

!-93 90874-/ A,3 3= 73H0/)

908 4-/I
34- 6/0237:
08-= 0 pppppppppppppppppppppppppppp 36/37384-843 .3 =- 2:
/;-

pppppppppppppppppppppppppppppppppppppppppppppppppp 32394L0 =- D:
7:4- -= 7:
4:
0 .08.3

3 .37-//0==-/B pppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

%
126

, 78

* ) * )

% ppppppppppp .3= #

3H0/37
*

) 0 pppppppp 9,>0 05I


340 =0 90;60838 9-.- ,8- .3 =-7
7:
<,: 38437 05/-7)

“CONSTRUCCION POLIDEPORTIVO, BATERIA SANITARIA Y AULAS DE CLASES ESCUELA EL AGUIRRE DEL


$ MUNICIPIO DE LEBRIJA (SANTANDER)”

= -5-I0 2:
/;-843 -94,-8.0 38 80;5/3 > /36/37384-9: C8 .3 ppppppppppppppppp .3
-9,3/.0 908 =07 .3 908.:9:0837 @-93;07 =- 7: <,:3843 6/06,374- 6-/-
ppppppppppppppppppppp> 38 9-70 A,3 807 73- -9364-.- 60/ *
807 90;6/0;343;07 - 2:/;-/ 3= 9084/-40 90//37608.:3843 > .39=-/0)

,3 8: 8<,8- 04/- 63/708- 0 384: .-. .: 23/38437 .3 =-7 80;5/-.-7 -A,?


4:383 6-/4: 9:
6-9: C8 38 374- 6/06,374- 0 38 3= 9084/-40 A,3 73/B 3= /37,=4-.0
.3 374- 73=399: 08 > A,3 60/ =0 4-840 70=-;3843 =07 2: /;-8437 374B8
D:89,=-.07 - .: 9@- 023/4-
,3 807 @3;07 2-;: =:
-/:G-.0 > @3;07 374,.: -.0 =07 .3
908.: 9:0837 > .3;B7 .09,;38407 -7? 90;0 =-7 .3;B7 908.: 9:0837 3
:820/;-9: 0837 83937-/: -7 6-/- =- 6/37384-9: C8 .3 =- 6/06,374- >
-9364-;07 40.07 =07 /3A,3/: ;:38407 374-5=39: .07 38 .:9@07 .09,;38407
& ,3 807 90;6/0;343;07 908 * 38 9-70 .3
/37,=4-/ -.I ,.:9-4-/:07 .3= 6/373843 6/09370 .3 73=399: C8 - 3I 39,4-/ =-7
05/-7 .3 -9,3/.0 - =- 6/373843 6/06,374- A,3 90//37608.38 - -A,3==07
70=:9:4-.07 60/ 3= =: 3<0 .3 08.: 9:
0837 6-/- =- 73=399: 08 908 =-7
37639: 2:9-9: 0837 > 38 =07 4F/;: 807 908.: 9:0837 > 6=-G07 374-5=39: .07 38 3=
6=:3<0 .3 908.: 9:0837 38 3= 83E0 0 $ 6/06,374- 3908C;: 9- 83E0 0
& 37639: 2:
9-9:0837 4F98: 9-7 > 38 =-7 908.: 9:
0837 -==3<-.-7 - 37- 384: .-.
- 4/-DF7 .3 =- 6/373843 9-/4- .3 6/37384-9: C8
$ 8 40.0 9-70 -9364-;07 > /3908093;07 A,3 9,-=A,: 3/ 0;: 7:
C8 38 =- A,3
@->-;07 60.: .0 :89,//: / 38 =- :8D374:<-9:C8 .3 =- : 820/;-9: C8 A,3 6,3.-
:82=,:/ 6-/- =- .343/;: 8-9: C8 .3 8,374/- 6/06,374- 80 807 3E: ;:/B .3 =-
05=: <-9: C8 .3 -7,;: / =-7 /376087-5: =:
.-.37 A,3 807 ==3<,38 - 90//37608.3/
90;0 9084/-4: 74-7 > /38,89: -;07 - 9,-=A,: 3/ /39=-;-9: C8 /33;50=70 0
-I ,743 .3 9,-=A,: 3/ 8-4,/-=3G- 60/ 9,-=A,: 3/ 7:
4,-9: C8 A,3 7,/I- > 80 @->-
127

7:.0 90843;6=-.- 60/ 80704/07 38 /-GC8 .3 8,374/- 2-=4- .3 .: =:


<389: - 38
=- 054389: C8 .3 =- : 820/;-9: C8
M 3908093;07 =- /376087-5: =:.-. A,3 807 9089: 3/83 38 3= 7384: .0 .3
908093/ 4F98:9-;3843 =-7 9-/-943/? 74:
9-7 2,89: 08-=: .-.37 >
37639: 2:9-9: 0837 .3 =-7 05/-7 A,3 807 05=: <-;07 - 3I 39,4-/ > -7,;: ;07 =-
/376087-5: =:
.-. A,3 73 .3/: D- .3 =- 05=: <-9: C8 .3 @-53/ /3-=: G-.0 40.-7
=-7 3D-=,-9: 0837 3 : 8.-<-9: 0837 83937-/: -7 6-/- 6/37384-/ =- 6/373843
6/06,374- 705/3 =- 5-73 .3 ,8 3E-;38 9,: .-.070 .3 =-7 9-/-943/? 74:9-7
.3= 9084/-40 8 6-/4: 9,=-/ .39=-/-;07 5-I 0 8,374/- /376087-5: =:.-. A,3
=-7 05/-7 A,3 73 3I 39,4-/ 908 .374: 80 - * 38 3= 9-70
.3 /37,=4-/ -.I ,.:9-4-/: - 8,374/- 6/06,374- 9,;6=3 908 40.-7 > 9-.- ,8-
.3 =-7 3E: <389: -7 .3= =: 3<0 .3 08.: 9:0837 7,7 83E07 > -.38.07 A,3
==3<-/38 - 7,79/: 5:/73
U ,3 38438.3;07 A,3 3= D-=0/ .3= 084/-40 90820/;3 374B .32: 8:.0 38 =07
.09,;38407 .3 =- 9084/-4-9: C8 : 89=,>3 3= > .3;B7 : ;6,37407 4-7-7 0
9084/:5,9: 0837 .: /394-7 0 : 8.:/394-7 A,3 73-8 -6=: 9-5=37 -7?90;0 40.07 =07
907407 .: /39407 3 : 8.: /39407 A,3 73 9-,738 60/ =-50/37 .3 9087,=40/? - >
90874/,99: C8 > =-7 ,4: =:
.-.37 .3= 084/-4: 74-
,3 @3;07 /3D: 7-.0 908 7,;- .: =:
<389: - =- 404-=:
.-. .3 =- : 820/;-9: C8
6/37384-.- 38 8,374/- 6/06,374- > 05/-8.0 .3 90820/;: .-. -73<,/-;07
A,3 =- ;: 7;- 90//37608.3 - =- /3-=: .-.
,3 3= -5-I 0 2:/;-843 05/-8.0 38 80;5/3 > /36/37384-9: C8 .3=
/06083843 ;-8: 2:
3740 A,3 ;3 05=: <0 : 8908.: 9:
08-=;3843 - 2: /;-/ >
3I 39,4-/ 3= 084/-40 38 =07 4F/;: 807 > 908.: 9:0837 6/3D: 7407 38 =07
.3 908.: 9: 0837
# ,3 .3 -9,3/.0 908 =0 374-5=39: .0 38 =07 .3 908.: 9: 0837
-.I ,840 73 -83E- =- .09,;384-9: C8 70=: 9:
4-.- 38 =07 ;: 7;07 -7?90;0 =-
.09,;384-9: C8 /3=-4:D- - =- : 879/:
69: C8 > 9-=:2:
9-9: C8 .3 =07 /060838437 >
.3;B7 .09,;38407 /3A,3/: .07
$ ,3 - 70=: 9:4,. .3 % ;3 05=: <0 - 7,;: 8:74/-/
9,-=A,: 3/ : 820/;-9: C8 -.: 9:
08-= 83937-/: - 6-/- =- 90//394- 3D-=,-9: C8 .3
=- 6/06,374-
$$ ,3 38 9-70 .3 /37,=4-/ 2-D0/39: .07 38 =- -.I ,.:9-9:C8 .3= 6/09370 .3
73=399: C8 > 9084/-4-9: C8 =07 6-<07 A,3 73 6-9438 .384/0 .3= 9084/-40
/376394: D0 .353/B8 9087: <8-/73 38 =- 9,384- 0 * 8.:9-/ 9=-73 .3
9,384- 8L;3/0 5-890 7,9,/7-= 9: ,.-. 6-? 7 > 9,-=A,: 3/ 04/0 .-40
83937-/: 0+

39=-/0 5-I0 =- </-D3.-. .3 I ,/-;3840 A,3 73 384:38.3 6/374-.0 -= 2:


/;-/ 374-
9-/4- A,3 8:63/708-= 8:90/60/-4: D-;3843 8:8: 8<,80 .3 =07 : 843</-8437 .3=
90870/9: 0 0 .3 =- 8: C8 43;60/-= A,3 6/37384-8 6/06,374- 6-/- =- 6/373843
=:
9:4-9:C8 807 389084/-;07 : 89,/707 38 8: 8<,8- .3 =-7 9-,7-=37 .3 :
8@-5:=:
.-. 0
:890;6-4: 5:=:
.-. 6/3D:74-7 38 =-7 80/;-7 =3<-=37
128

74- 023/4- 37 -D-=-.- 60/ pppppppppppppppppppppppppppppppp A,:38 2:/;- 374-


9-/4- > A,: 38 80 4:383 :890;6-4: 5:=:
.-.37 0 9082=: 9407 .3 :843/F7 908
*

,3 38 9-70 .3 /37,=4-/ 2-D0/39:


.07 38 =- -.I ,.:9-9:C8 .3= 6/09370 .3 73=399:
C8
> 9084/-4-9:C8 =07 6-<07 A,3 73 6-9438 .384/0 .3= 9084/-40 /376394: D0 .353/B8
9087:<8-/73 38 =- 9,384- 0 * 8.:9-/ 9=-73 .3 9,384- 8L;3/0 5-890
7,9,/7-= 9:,.-. 6-? 7 > 9,-=A,:3/ 04/0 .-40 83937-/:
0+

= -5-I0 2:/;-843 .39=-/0 A,3 @3 /39:5:.0 40.07 =07 .09,;38407 > -83E07
.379/:
407 38 =07 .3 908.:
9:0837 -7?90;0 3=S=07 -.38.0*7+ 07 pppp

3 ,743.37 -4384-;3843

) ppppppppppppppppppppp

) pppppppppppppppppppppp ppppppppppppppppppppppppp

) pppppppppppppp V) pppppppppppppppp

)ppppppppppppppppppppppppppppppp

) ppppppppppppppppppppppppp

) ppppppppppppppppppp
) pppppppppppppppp

) pppppppppppppppppppppp ) ppppppppppppppp
129

, 7

40 *7+ - 7-53/) / 1 .0;:


= *=07+ 7,79/: 9: -.0 38 /-1 :
=: .384:9-.0*7+ 908 /01 A,:
2: 38
05/- 38 9-=: .-. .3 /31 A,3 38 -.3=-843 73 .380;: 8-/- >
;-8: 2:
374-*8+ 7, D0=,84-. .3 -7,;: / .3 ;-83/- ,8: =-43/-= 3= 6/373843
) 438:
38.0 38 9,384- =-7 7: <,:38437
9087: .3/-9: 0837)

PRIMERA: Que EL MUNICIPIO DE LEBRIJA adelanta un proceso de LICITACION PUBLICA para la celebración del
respectivo contrato estatal cuyo objeto es la ejecución de las siguientes obras:
pppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

) * ) ,3 37 : 843/F7 .3 -60>-/ *
6-/- 20/4-=393/ =- 4/-876-/389: - 38 =07 6/093707 .3 9084/-4-9:
C8 > =-
/376087-5:=:
.-. .3 /38.:/ 9,384-7'

,3 7:
38.0 3= : 843/F7 .3 6-/4:9:
6-/ 38 3= 6/09370 .3
:9:
4-9:08 ,5=: 9- -=,.: .0 38 3= 9087:.3/-8.0 6/: ;3/0 6/393.3843 73 389,384/-
.:76,3740 - -7,;: / =- :820/;-9: C8 6/06: - A,3 /37,=43 83937-/: - 6-/- -60/4-/
4/-876-/389: - 38 3= 6/09370 38 4-= 7384: .0 7,79/:
53 3= 6/373843 90;6/0;: 70
,8:=-43/-= -84:
90//,69: C8 A,3 73 /3<:/B 60/ =-7 7:
<,:
38437 9=B,7,=-7)

) ) ) ) * ) ;3.:-843 =-
7,79/:
69:
C8 .3= 6/373843 .09,;3840 -7,;3 =07 7:
<,:
38437 90;6/0;:
707)

$$ 80 02/393/B 8:.-/B 7050/807 8:8: 8<,8- 04/- 20/;- .3


@-=-<0 - 8:8<L8 2,89: 08-/:
0 6L5=:90 38 /3=-9:C8 908 7, 6/06,374- 908 3=
6/09370 .3 9084/-4-9: C8 8:908 =- 3I 39,9: C8 .3= 9084/-40 A,3 6,3.-
93=35/-/73 90;0 /37,=4-.0 .3 =- -.I
,.:9-9: C8 .3 7, 6/06,374-

$ 73 90;6/0;343 - 80 63/;: 4:
/ A,3 8-.: 3 5:38 73-
3;6=3-.0 .3 =- 90;6-H? - 0 ,8 -<3843 90;:7:
08: 74- :
8.3638.:3843 0 ,8
-7370/ 0 9087,=40/ @-<- =0 73H-=-.0 -843/:
0/;3843 38 7, 80;5/3

0 73 90;6/0;343 20/;-=;3843 - : ;6-/4:


/ :
874/,99:0837 -
40.07 7,7 3;6=3-.07 -<38437 -7370/37 > - 9,-=37A,: 3/ 04/07
/36/37384-8437 7,>07 3E: <:F8.0=37 3= 9,;6=:
;:3840 38 40.0 ;0;3840 .3
=-7 =3>37 .3 =- 36,5=: 9- .3 0=0;5: - 37639:-=;3843 .3 -A,3==-7 A,3
/:
<38 3= 6/373843 6/09370 > =- /3=-9: C8 9084/-94,-= A,3 60./?-8 .3/:D-/73
.3 3==- > =37 608./B =-7 05=:
<-9:0837
130

$ 3 73 90;6/0;343 20/;-=;3843 - 80 32394,-/ -9,3/.07


0 /3-=:
G-/ -9407 0 908.,94-7 A,3 438<-8 60/ 05I 340 0 90;0 323940 =-
90=,7:
C8 38 3= 6/373843 6/09370 0 =- .: 74/:
5,9: C8 .3 =- -.I
,.:9-9:C8 .3
9084/-407 384/3 =07 9,-=37 73 389,384/3 3= A,3 37 ;-43/: - .3= 6/373843
3<=-;3840 0 =- 2:I-9:C8 .3 =07 4F/;:
807 .3 =- 6/06,374-

) ) * ) ) *
-7,;3 - 4/-DF7 .3 =- 7,79/:
69:
C8 .3= 6/373843 90;6/0;:70 =-7 908739,389:-7
6/3D:
-7 38 3= /3<=-;3840 .3= 6/09370 7: 73 D3/:
2:
9- 3= :
89,;6=:;:3840 .3 =07
90;6/0;:707 -84:
90//,69:C8

8 90874-89: - .3 =0 -843/: 0/ > 90;0 ;-8: 2374-9: C8 .3 =- -9364-9:


C8 .3 =07
90;6/0;: 707 ,8:=-43/-=37 :890/60/-.07 38 3= 6/373843 .09,;3840 73 2: /;- 3=
;:7;0 38 =- 9:,.-. .3 / 1 - =07 / 1 .?
-7 .3= ;37 / 1 .3= -H0pppppp

/???????????????????????1

) ) * *

= .:
=:
<389:
-/ 3= 90;6/0;: 70 -84:
90//,69:C8 .353/B :89=,:
/73 =- 7:
<,:
3843 :
820/;-9:
C8
38 9-.- ,80 .3 =07 ==-;-.07 A,3 73 :
8.:
9-8 38 3= 20/;-40)

/ 1 0;5/3 .3= /36/37384-843 =3<-= .3 =- 709: 3.-. -709: -9:C8 0 63/708- I,/?
.:9-
6/06083843 0 80;5/3 .3= /36/37384-843 =3<-= .3= 90870/9: 0 0 8: C8 3;60/-=
6/06083843
/-1 0;: 9:=:
0 .3 =- 63/708- 2:/;-843
/01 09,;3840 .3 : .384:2:
9-9: C8 .3 =- 63/708- 2:/;-843 > =,<-/ .3 3E63.:9:C8
/31 36/37384-843 =3<-= .3 =- 709: 3.-. .3= 90870/9: 0 .3 =- 8: C8 43;60/-= 0 .3
=- -709: -9:C8 6/06083843 :
,.-. .08.3 73 2: /;- 3= 6/373843 .09,;3840
/41 ?- .3= ;37 38 =34/-7 > 8L;3/07
/61 380;: 8-9:C8 .3= ;37
/91 0;5/3 8L;3/0 .3= .09,;3840 .3 : .384:2:
9-9: C8 .3= /36/37384-843 =3<-= .3
=- 63/708- I ,/?.:9- ,-8.0 73 4/-43 .3 90870/9: 07 0 ,8: 0837 43;60/-=37
.353/B 9087: <8-/73 3= 80;5/3 =- 2: /;- > 3= 8L;3/0 .3 : .384:2:
9-9:C8 .3 9-.-
,80 .3 =07 :843</-8437 : 89=,>38.0 3= 80;5/3 7, /36/37384-843
131

* * * * + *

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

) ) * )

* * ) * *

* **

-=0/ .3= N .3 ! N =9-893 -=0/


0;5/3 .3= 084/-40 -/4:
9:6-9:
C8 I
39,9:
C8 084 0/
084/-4-843 5I
340 1 *$+ 8:
9:0 3/;:
80 3I39,4-/
* +

!" $

o 0/9384-I
3 .3 -/4:9:6-9:C8) 73 /32:3/3 - 7:3= 9084/-40 37 38 90870/9:
0 0
,8:C8 3;60/-= 7:37 :
8.:
D:.,-= 73 ==38- 3= 376-9:
0 908 3= $ N

o 3 9-=9,=- 908 =- 7:
<,: 3843 20/;,=-) 05/- 60/ 3I
39,4-/ Q* D-=0/ 9084/-40 38
1 _N .3 6-/4:9:
6-9: C8 _*$ON -D-893 .3 3I 39,9:C8
132

* ) * * )*

* * * ) ) [ )*
) ) )

* *

) )

)
)
) ) )
)

39=-/-;07 5-I 0 =- </-D3.-. .3 I ,/-;3840 90;6/0;34: 38.0 8,374/-


/376087-5: =:
.-. 63/708-= 3 :
874:
4,9:08-= .3 =-7 63/708-7 I
,/?.:
9-7 A,3 /36/37384-;07
A,3 =- : 820/;-9:C8 40;-.- .3 =07 374-.07 2: 8-89:3/07 @-8 7:.0 6/36-/-.07
90820/;3 - =-7 80/;-7 > 6/: 89:6:
07 .3 =- 9084-5: =:
.-. <383/-=;3843 -9364-.07 >
-.3;B7 60/ =-7 374-5=39: .-7 60/ =- 084-.,/? - 383/-= .3 =- -9: C8 6-/- 3= 9-70
.3 =-7 84:.-.37 L5=: 9-7

) *
* *
133

, 0

* * * * + * )
)

* ) ) +) )*
) ) * ) /-1 Z ) ) = * * ) ) *
) * ) * * ) ) )

pppppppppppppppppppppppppppppppppppppppppppppppppppppppppp

5I340 .3= 0 84:.-. / 084/-40 :


60
084/-40 084/-40 084/-4-843 38 63707 1 ,=4- 0 -89:
C8

39@- / 38 / 38
63707

- * ) ) ) * ) ) * ) +M 2
* ) ) ) * ) * ) * +M
) * * ) ) ) * +M * * +M
) * * +M * ) ) +M ) )) )> +M 2
) * * * * * 2
* * ) /* # " $ H"(
D $ $ !K $ !# ( $! "
! ' I! ( "
& $# & $1

5I
340 0 84:
.-. /
.3= 084/-40 084/-4-84 084/-40
084/-40 3 38 63707 1

* "! ! "! B !J ! % !D # > D & D (# #% $ ! $& #$! (


"(!
& $ #!" (
#$(% ( #!" "
!$ & $ #! /$1 #! % !"
/$1 % C ( ! /$1 E% & $#
134

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@# !# $ #$( B#! ! $ !" D # ( !> $& #
H#( ! A "%$(
J!D # ! " ! # ( ! E% & $ # !D $ $CD ($D "
! E% D
# % # ! &!G $!" J # " $& J $E% $%D (
#($ ! # "D ! (!"# $! (
&! ! "" J! ! ! " ! % (@# " $ # ! $!# ( D # "
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07 7,79/:
407 pppppppppppppppppp *80;5/3 .3= 36/37384-843 3<-=+ > pppppppppppppppppp
*80;5/3 .3= 36/37384-843 3<-=+ .35: .-;3843 -,40/: G-.07 6-/- -94,-/ 38 80;5/3 >
/36/37384-9:C8 .3 ppppppppppppppppppppppppp *80;5/3 0 /-GC8 709: -= .3= :843</-843
:8.:9-8.0 8L;3/0 .3 : .384:2:
9-9: C8 4/:5,4-/:
-+ > ppppppppppppppppppppppppppp *80;5/3 0
/-GC8 709: -= .3= : 843</-843 : 8.:9-8.0 8L;3/0 .3 : .384:2:
9-9: C8 4/:5,4-/:-+
/376394:D-;3843 ;-8: 2374-;07 60/ 3743 .09,;3840 A,3 @3;07 908D38: .0 -709:-/807
38 0870/9: 0 6-/- 6-/4:9:6-/ 38 =- : 9:4-9:
08 ,5=: 9- ;380/ 9,-84: - 0 ppppp 9,>0 05I 340
37 JppppppppppppppppppppppppppppK 3E6/37-;07 A,3 9,;6=: ;07 908 9-.- ,80 .3 =07
-7639407 A,3 - 9084:8,-9: C8 73 /3=-9:08-8)

$ -.- ,8- .3 =-7 63/708-7 I ,/?


.:9-7 A,3 90820/;-8 3743 90870/9: 0 4:
383 ,8 43/;:80
;? 8:
;0 .3 .,/-9: C8 .3 .07 * + -H07 9084-.07 - 6-/4: / .3 =- 43/;: 8-9:C8 .3
D:<389: - .3= 9084/-40 A,3 .3 73/ -.I ,.:9-4-/:07 .3= 6/373843 6/09370 .3 73=399: C8 73
2:
/;-/?- 908 *
= 05I340 709: -= 6/:89:6-= .3 =-*7+ 63/708-*7+ I ,/?
.:9-*7+ A,3 : 843</-8 3= 6/373843
90870/9: 0 73 389,384/- .: /394-;3843 /3=-9: 08-.0 908 3= 05I 340 9084/-94,-= .3=
6/373843 6/09370 .3 : 9:4-9:08 ,5=: 9- .3 ;380/ 9,-84? -
& = * 07+ /36/37384-843*7+ =3<-=*37+ .3 =-*7+ 63/708-*7+ I ,/?
.: 9-*7+ :843</-843*7+ .3=
6/373843 90870/9: 0 37 *708+ 9-6-7*937+ I ,/?
.:9-;3843 6-/- ,8: /73 38 90870/9:0 908
04/-7 63/708-7 8-4,/-=37 >S0 I ,/?
.:9-7 -7?90;0 6-/- 6/37384-/ 6/06,374-7 93=35/-/ >
3I39,4-/ 9084/-407 .3 ;? 8:;- ;380/ > ;->0/ 9,-84? -
-7 63/708-7 8-4,/-=37 A,3 @-938 6-/43 .3= 6/373843 90870/9: 0 708 =3<-=;3843
9-6-937 6-/- 90870/9: -=37 > 9,;6=:/ 908 9-.- ,8- .3 =-7 05=: <-9: 0837 .3/:D-.-7 .3
=- -.I,.:9-9: C8 .3= 9084/-40
M 3 73/ -.I ,.:9-4-/: 07 .3= 6/373843 6/09370 .3 73=399: C8 =- .,/-9: C8 .3 3743
0870/9:0 73/B :<,-= -= 4F/;: 80 .3 =- 3I39,9: C8 > =:
A,:.-9: C8 .3= 9084/-40 > .07 * +
-H07 ;B7
U = 0870/9: 0 374- :843</-.0 60/)

/Q 1 / 1
ppppppppppppppppppppppppp pppppppppppppp
ppppppppppppppppppppppppp pppppppppppppp
ppppppppppppppppppppppppp pppppppppppppp
136

*$+ = 404-= .3 =- 90=,;8- 37 .39: / =- 7,;- .3 =07 60/9384-I


37 .3 6-/4:
9:6-9:
C8 .3 =07
:
843</-8437 .353 73/ : <,-= -= $ N

= 0870/9: 0 73 .380;: 8- ppppppppppppppppppppp


07 :843</-8437 .3= 0870/9: 0 708 70=:
.-/:- > ;-890;,8-.-;3843 /376087-5=37
# = /36/37384-843 .3 9-.- ,80 .3 =07 : 843</-8437 .3= 0870/9:0 37
pppppppppppppppppppppppppppp *: 8.:9-/ 3= 80;5/3+ : .384:2:
9-.0 908 0
pppppppppppppp .3 pppppppppppppppppppp A,: 38 374B 3E6/37-;3843 2-9,=4-.0 6-/-
2:
/;-/ 6/37384-/ =- 6/06,374- > 38 9-70 .3 7-=: / 2-D0/39: .07 908 =- -.I
,.:9-9: C8 .3=
9084/-40 2: /;-/=0 > 40;-/ 40.-7 =-7 .343/;: 8-9:0837 A,3 2,3/38 83937-/: -7 /3763940
.3 7, 3I 39,9: C8 > =:A,: .-9:C8 908 -;6=: -7 > 7,2: 9:38437 2-9,=4-.37 7? ;: 7;0
/36/37384-/B - =07 :843</-8437 .3= 90870/9: 0I ,.:
9: -= > 3E4/-I
,.: 9:
-=;3843 6-/- =0 9,-=
374-/B 2-9,=4-.0 38 80;5/-/ > 7,79/: 5:
/ 60.3/ 6-/- .37: <8-/ -60.3/-.0 9,-8.0 -
3==0 @,5:3/3 =,<-/
$ 8 9-70 .3 2-=4- 43;60/-= 0 -570=,4- 73/B /33;6=-G-.0 60/ 3= 7,6=3843 A,: 38 6-/- 3=
9-70 38 9089/340 37 pppppppppppppppppppppppppppp *: 8.:9-/ 3= 80;5/3+ : .384: 2:
9-.0
908 0 pppppppppppppp .3 pppppppppppppppppppp
$$ - 73.3 .3= 0870/9: 0 37)
:
/399: C8 .3 90//30 ppppppppppppppppppppppppppppppppppppppppppp
:
/399: C8 3=394/C8:9- ppppppppppppppppppppppppppppppppppppppppppp
3=F2080 ppppppppppppppppppppppppppppppppppppppppppp
3=32-E ppppppppppppppppppppppppppppppppppppppppppp
:,.-. ppppppppppppppppppppppppppppppppppppppppppp

8 90874-89:
- 73 2:
/;- 38 pppppppp - =07 pppp .?
-7 .3= ;37 .3 ppppp .3 pp

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 > 2:/;- .3 9-.- ,80 .3 =07 :843</-8437+

93640

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* 0;5/3 > 2:/;- .3= 36/37384-843 3<-=
.3 9-.- ,80 .3 =07 :843</-8437+

93640

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 > 2:/;- .3= 36/37384-843 3<-= .3= 0870/9:
0+
93640
ppppppppppppppppppppppppppppppppppppppppp
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) * * )
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137

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07 7,79/:407 pppppppppppppppppp *80;5/3 .3= 36/37384-843 3<-=+ > pppppppppppppppppp


*80;5/3 .3= 36/37384-843 3<-=+ .35: .-;3843 -,40/: G-.07 6-/- -94,-/ 38 80;5/3 >
/36/37384-9: C8 .3 ppppppppppppppppppppppppp *80;5/3 0 /-GC8 709: -= .3= :843</-843
:8.:9-8.0 8L;3/0 .3 : .384:
2:
9-9: C8 4/:
5,4-/: -+ > ppppppppppppppppppppppppppp *80;5/3 0
/-GC8 709: -= .3= : 843</-843 : 8.:9-8.0 8L;3/0 .3 : .384:2:
9-9: C8 4/:5,4-/:-+
/376394:D-;3843 ;-8: 2374-;07 60/ 3743 .09,;3840 A,3 @3;07 908D38: .0 -709:-/807
38 8: C8 3;60/-= 6-/- 6-/4: 9:6-/ 38 =- =:
9:4-9:C8 6L5=:9- 0 ppppp 0 089,/70 .3 F/: 40
0 ppppp *73<L8 3= 9-70+ 9,>0 05I 340 37 JppppppppppppppppppppppppppppK 3E6/37-;07 A,3
9,;6=: ;07 908 9-.- ,80 .3 =07 -7639407 A,3 - 9084: 8,-9:C8 73 /3=-9:
08-8)

$ -.- ,8- .3 =-7 63/708-7 I ,/?.:9-7 A,3 90820/;-8 374- 8: C8 3;60/-= 4: 383 ,8
43/;:80 ;?8:;0 .3 .,/-9: C8 .3 .07 * + -H07 9084-.07 - 6-/4: / .3 =- 43/;:
8-9:
C8 .3
D:<389:- .3= 9084/-40 A,3 .3 73/ -.I,.:
9-4-/:
07 .3= 6/373843 6/09370 .3 73=399:C8 73
2:
/;-/?- 908 *

= 05I340 709: -= 6/:


89:
6-= .3 =-*7+ 63/708-*7+ I
,/?
.:9-*7+ A,3 :
843</-8 =- 6/373843 8: C8
3;60/-= 73 389,384/- .: /394-;3843 /3=-9: 08-.0 908 3= 05I 340 9084/-94,-= .3= *=-+
6/373843 6/09370 .3 : 9:4-9:08 ,5=:9- ;380/ 9,-84? -
& = * 07+ /36/37384-843*7+ =3<-=*37+ .3 =-*7+ 63/708-*7+ I
,/?
.:9-*7+ :843</-843*7+ .3 =-
8:
C8 3;60/-= 37 *708+ 9-6-7*937+ I ,/?
.:9-;3843 6-/- ,8: /73 38 90870/9:0 908 04/-7
63/708-7 8-4,/-=37 >S0 I ,/?.:
9-7 -7? 90;0 6-/- 6/37384-/ 6/06,374-7 93=35/-/ >
3I39,4-/ 9084/-407 .3 ;? 8:;- ;380/ > ;->0/ 9,-84? -

-7 63/708-7 8-4,/-=37 A,3 @-938 6-/43 .3 =- 6/373843 8:C8 3;60/-= 708


=3<-=;3843 9-6-937 6-/- ,8: /73 > 9,;6=:
/ 908 9-.- ,8- .3 =-7 05=:
<-9:
0837
.3/:
D-.-7 .3 =- -.I
,.:9-9:C8 .3= 9084/-40
138

M 3 73/ -.I
,.: 9-4-/:
07 .3= 6/373843 6/09370 .3 73=399:C8 =- .,/-9:
C8 .3 374- 8: C8
3;60/-= 73/B :
<,-= -= 4F/;:80 .3 =- 3I
39,9:C8 > =:
A,:.-9:C8 .3= 9084/-40 > .07 * +
-H0 ;B7

U - 8:
C8 3;60/-= 374B :
843</-.- 60/)

*
*

*+ - 7,;- .3 =07 60/9384-I


37 .3 90;6/0;:
70 .3 =07 :
843</-8437 .353 73/ :
<,-= -= $ N

- 8:
C8 3;60/-= 73 .380;:
8- ppppppppppppppppppppp

07 :843</-8437 .3 =- 8:
C8 3;60/-= 708 70=:
.-/:
- > ;-890;,8-.-;3843
/376087-5=37

# = /36/37384-843 .3 9-.- ,80 .3 =07 : 843</-8437 .3 =- 8: C8 3;60/-= 37


pppppppppppppppppppppppppppp *:8.:9-/ 3= 80;5/3+ : .384:2:
9-.0 908 0
pppppppppppppp .3 pppppppppppppppppppp A,: 38 374B 3E6/37-;3843 2-9,=4-.0 6-/-
2:
/;-/ 6/37384-/ =- 6/06,374- > 38 9-70 .3 7-=: / 2-D0/39: .07 908 =- -.I
,.:9-9: C8 .3=
9084/-40 2:/;-/=0 > 40;-/ 40.-7 =-7 .343/;:8-9: 0837 A,3 2,3/38 83937-/: -7 /3763940
.3 7, 3I 39,9: C8 > =:A,:.-9:C8 908 -;6=: -7 > 7,2: 9:38437 2-9,=4-.37 7? ;:7;0
/36/37384-/B - =07 :
843</-8437 .3= 90870/9:0I,.:9: -= > 3E4/-I
,.: 9:
-=;3843 6-/- =0 9,-=
374-/B 2-9,=4-.0 38 80;5/-/ > 7,79/: 5:/ 60.3/ 6-/- .37: <8-/ -60.3/-.0 9,-8.0 -
3==0 @,5:
3/3 =,<-/

$ 8 9-70 .3 2-=4- 43;60/-= 0 -570=,4- 73/B /33;6=-G-.0 60/ 3= 7,6=3843 A,:


38 6-/- 3=
9-70 38 9089/340 37 pppppppppppppppppppppppppppp *: 8.:
9-/ 3= 80;5/3+ : .384:
2:
9-.0
908 0 pppppppppppppp .3 pppppppppppppppppppp

$$ - 73.3 .3= 0870/9: 0 37)


:/399:C8 .3 90//30 ppppppppppppppppppppppppppppppppppppppppppp
:
/399:C8 3=394/C8:
9- ppppppppppppppppppppppppppppppppppppppppppp
3=F2080 ppppppppppppppppppppppppppppppppppppppppppp
3=32-E ppppppppppppppppppppppppppppppppppppppppppp
:,.-. ppppppppppppppppppppppppppppppppppppppppppp

8 90874-89: - 73 2:
/;- 38 pppppppppppppp - =07 pppp .?
-7 .3= ;37 .3 ppppp .3 pp
YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 > 2:/;- .3 9-.- ,80 .3 =07 :843</-8437+
93640
YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 > 2:/;- .3= 36/37384-843 3<-=
.3 9-.- ,80 .3 =07 : 843</-8437+
139

93640

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
* 0;5/3 > 2:/;- .3= 36/37384-843 3<-= .3 =- +
93640
ppppppppppppppppppppppppppppppppppppppp
* 0;5/3 > 2:/;- .3= ,6=3843 .3 +

) * * ) )
;

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