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					           ˜ — ˜ Šœ˜—




˜–Ž‹ž¢Ž›            œœ’œŠ—ŒŽ ›˜›Š–


    ™™•’ŒŠ’˜—              —˜›–Š’˜—




                     ˜ — ˜ Šœ˜—
    Ž™Š›–Ž— ˜ •Š——’—    ˜––ž—’¢   ŽŸŽ•˜™–Ž—
                   •–  Šœ˜— 
 
                 




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                          Š‹•Ž ˜ ˜—Ž—œ



ŠŽ                          

       ŸŽ›Ÿ’Ž 

        ž’Ž•’—Žœ

       ›˜›Š– ›˜ŒŽœœ

        ’œŒ•˜œž›Žœ

       ˜›ŠŽ ™’˜—œ

       
˜–Ž‹ž¢Ž› ˜ž›œŽœ

                    

        ™™•’ŒŠ— ‘ŽŒ”•’œ

        ™™•’ŒŠ’˜—

        ™™•’ŒŠ— Ž›’’ŒŠ’˜—

       ˜ŒŠ• —’’Š’ŸŽ ›˜›Š– 
˜–Ž‹ž¢Ž›    ’œŒ•˜œž›Ž ŠŽ–Ž—




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                                      ŸŽ›Ÿ’Ž 

‘Š—” ¢˜ž ˜› ¢˜ž› ’—Ž›Žœ ’— ‘Ž Šœ˜— 
˜–Ž‹ž¢Ž› œœ’œŠ—ŒŽ ›˜›Š– ‘’œ
™›˜›Š– ’œ ˜Ž›Ž ‹¢ Šœ˜— œ ˜ — ˜ŸŽ›—–Ž— ˜ Šœœ’œ ’›œ ’–Ž ‘˜–Ž‹ž¢Ž›œ Š
–˜Ž›ŠŽ ’—Œ˜–Ž •ŽŸŽ•œ ž—œ ˜› ‘’œ ™›˜›Š– ˜›’’—ŠŽ ›˜– ‘Ž ˜ — œ ˜––ž—’¢
›ŽœŽ›ŸŠ’˜— Œ ž—


     
  • ‘’œ ™›˜›Š– Š Š›œ ŒŠœ‘ Šœœ’œŠ—ŒŽ ’— ‘Ž ˜›– ˜ ›Š—œ ˜ Ž•’’‹•Ž ‹ž¢Ž›œ ˜
    Šœœ’œ ‘Ž– ’— ™ž›Œ‘Šœ’— ‘˜–Žœ
  • 
˜–Žœ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š– Š›Ž —˜ •’–’Ž ˜ Š œ™ŽŒ’’Œ
    ŽŸŽ•˜™–Ž— ‹ž –žœ ‹Ž •˜ŒŠŽ ’— Šœ˜— Š— –žœ –ŽŽ ˜‘Ž› ›Žšž’›Ž–Ž—œ
  • 
˜–Žœ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š–  ’•• ‹ŽŒ˜–Ž ™Ž›–Š—Ž—•¢ Š˜›Š‹•Ž —
    ˜‘Ž›  ˜›œ  ‘Ž— ‘Ž¢ Š›Ž œ˜• ’— ‘Ž žž›Ž ‘Ž¢ –žœ ‹Ž œ˜• ˜ Š –˜Ž›ŠŽ
    ’—Œ˜–Ž ™ž›Œ‘ŠœŽ› Š Š ›Žœ›’ŒŽ ™›’ŒŽ
  • — ‘Ž Œž››Ž— ›˜ž— ‘Ž ™›˜›Š–  ’•• Šœœ’œ Š •ŽŠœ ‘›ŽŽ ‘˜žœŽ‘˜•œ  ’‘ ‘˜–Ž
    ™ž›Œ‘ŠœŽœ
  • Š›’Œ’™Š—œ ’— ‘’œ ™›˜›Š– Š›Ž œŽ•ŽŒŽ ˜— Š ’›œ Œ˜–Ž ’›œ œŽ›ŸŽ ‹Šœ’œ

    
  ˜–™•ŽŽ ™›˜›Š– ŽŠ’•œ Š›Ž Œ˜—Š’—Ž ’— ‘’œ ™ŠŒ”ŠŽ •ŽŠœŽ ›ŽŠ ŒŠ›Žž••¢
Žœ™ŽŒ’Š••¢ Œ˜—ŒŽ›—’— ¢˜ž› Ž•’’‹’•’¢ Š— ‘Ž ›Žšž’›Ž–Ž—œ ˜ ™›˜›Š– ™Š›’Œ’™Š—œ

  
‘’œ ™›˜›Š– ’œ Š–’—’œŽ›Ž ‹¢ Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’—      ˜––ž—’¢
 ŽŸŽ•˜™–Ž— ˜› ž›‘Ž› ’—˜›–Š’˜— ˜›  ’‘ šžŽœ’˜—œ ™•ŽŠœŽ Œ˜—ŠŒ

’– 
Š››’Š—     ˜––ž—’¢ •Š——Ž›
               ˜› ‘Š››’Š— ŽŠœ˜— –Š žœ




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                                 ›˜›Š–       ž’Ž•’—Žœ
Š›’Œ’™Š— •’’‹’•’¢
     ˜–‹’—Ž Š——žŠ• ’—Œ˜–Ž ˜› Š™™•’ŒŠ— ‘˜žœŽ‘˜• –Ž–‹Ž›œ ’œ ›Žšž’›Ž ˜ ‹Ž Š ˜›
   ‹Ž•˜  ‘Ž        ›ŽŠ Ž’Š— —Œ˜–Ž •’–’œ ˜› ‘Ž Šœ˜— Š¢—‘Š– Š’œ’ŒŠ• ›ŽŠ
   Šœ ™ž‹•’œ‘Ž ‹¢  Ž™Š›–Ž— ˜ 
˜žœ’— Š— ›‹Š— ŽŸŽ•˜™–Ž— 

   —Œ˜–Ž ’œ ŽŽ›–’—Ž žœ’— ‘Ž –Ž‘˜ ’— ‘Ž 
 ŽŒ’˜— ™›˜›Š– Ž’—Ž Š
                
˜žœŽ‘˜• ’—Œ˜–Ž •’–’œ ’— ŽŽŒ Šœ ˜ ‘Ž ’–Ž ˜ ™›’—’— Š›Ž Šœ
   ˜••˜ œ —˜Ž ‘Š ‘ŽœŽ Š›Ž œž‹“ŽŒ ˜ Œ‘Š—Ž

 
˜žœŽ‘˜•
    ’£Ž
  —Œ˜–Ž
   ’–’

  
˜žœŽ‘˜• ŠœœŽœ –Š¢ —˜ Ž¡ŒŽŽ              ’— —Ž ŒŠœ‘ ŸŠ•žŽ ‘Ž ŸŠ•žŽ ˜ œœŽœ ’œ
  ŽŽ›–’—Ž žœ’— ‘Ž –Ž‘˜ ŽœŠ‹•’œ‘Ž ‹¢ ‘Ž ŠœœŠŒ‘žœŽœ Ž™Š›–Ž— ˜
  
˜žœ’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— 
                     œŽŽ ‘Ž 
        ž’Ž•’—Žœ
    ™™Ž—’¡          Šœ –Š¢ ‹Ž ›ŽŸ’œŽ ‹¢ 

  —•¢ ’›œ ’–Ž ‘˜–Ž‹ž¢Ž›œ Š›Ž Ž•’’‹•Ž ˜› ‘’œ ™›˜›Š–       ’›œ ’–Ž ‘˜–Ž‹ž¢Ž› ’œ
  Š— ’—’Ÿ’žŠ• ˜› ‘˜žœŽ‘˜• ˜  ‘’Œ‘ —˜ ‘˜žœŽ‘˜• –Ž–‹Ž› ‘Šœ ˜ —Ž Š ‘˜–Ž
   ’‘’— ‘›ŽŽ ¢ŽŠ›œ ™›ŽŒŽ’— ‘Ž Š™™•’ŒŠ’˜—  ’‘ ‘Ž ˜••˜ ’— Ž¡ŒŽ™’˜—œ
         o ’œ™•ŠŒŽ ‘˜–Ž–Š”Ž›œ  ‘Ž›Ž ‘Ž ’œ™•ŠŒŽ ‘˜–Ž–Š”Ž› Š— Šž•  ‘˜
             ‘Šœ —˜  ˜›”Ž ž•• ’–Ž ž•• ¢ŽŠ› ’— ‘Ž •Š‹˜› ˜›ŒŽ ˜› Š —ž–‹Ž› ˜ ¢ŽŠ›œ
             ‹ž ‘Šœ ž›’— œžŒ‘ ¢ŽŠ›œ  ˜›”Ž ™›’–Š›’•¢  ’‘˜ž ›Ž–ž—Ž›Š’˜— ˜
             ŒŠ›Ž ˜› ‘Ž ‘˜–Ž Š— Š–’•¢  ‘’•Ž Š ‘˜–Ž–Š”Ž› ˜ —Ž Š ‘˜–Ž  ’‘
             ‘’œ ˜› ‘Ž› ™Š›—Ž› ˜› ›Žœ’Ž ’— Š ‘˜–Ž ˜ —Ž ‹¢ ‘Ž ™Š›—Ž›
         o œ’—•Ž ™Š›Ž—œ  ‘Ž›Ž ‘Ž ’—’Ÿ’žŠ• ˜ —Ž Š ‘˜–Ž  ’‘ ‘’œ ˜› ‘Ž›
             ™Š›—Ž› ˜› ›Žœ’Ž ’— Š ‘˜–Ž ˜ —Ž ‹¢ ‘Ž ™Š›—Ž› Š— ’œ Š œ’—•Ž ™Š›Ž—
              ’œ ž—–Š››’Ž ˜› •ŽŠ••¢ œŽ™Š›ŠŽ ›˜– Š œ™˜žœŽ Š— Ž’‘Ž› ‘Šœ ˜› –˜›Ž
             Œ‘’•›Ž— ˜  ‘˜– ‘Ž ’—’Ÿ’žŠ• ‘Šœ Œžœ˜¢ ˜› “˜’— Œžœ˜¢ ˜› ’œ
             ™›Ž—Š—
         o ‘˜žœŽ‘˜•œ  ‘Ž›Ž Š •ŽŠœ ˜—Ž ‘˜žœŽ‘˜• –Ž–‹Ž› ’œ ˜› ˜ŸŽ›
         o ‘˜žœŽ‘˜•œ ‘Š ˜ —Ž Š ™›’—Œ’™Š• ›Žœ’Ž—ŒŽ Œ‘Š›ŠŒŽ›’£Ž Šœ
             –Š—žŠŒž›Ž ‘˜žœ’— ˜› ˜‘Ž› ’œŽ —˜ ™Ž›–Š—Ž—•¢ Š’¡Ž ˜ Š
             ™Ž›–Š—Ž— ˜ž—Š’˜— ’— ŠŒŒ˜›Š—ŒŽ  ’‘ Š™™•’ŒŠ‹•Ž ›Žž•Š’˜—œ Š—
         o ‘˜žœŽ‘˜•œ ‘Š ˜ —Ž Š ™›˜™Ž›¢ ‘Š  Šœ —˜ ’— Œ˜–™•’Š—ŒŽ  ’‘ ŠŽ
             •˜ŒŠ• ˜› –˜Ž• ‹ž’•’— Œ˜Žœ Š— ‘Š ŒŠ——˜ ‹Ž ‹›˜ž‘ ’—˜ Œ˜–™•’Š—ŒŽ
             ˜› •Žœœ ‘Š— ‘Ž Œ˜œ ˜ Œ˜—œ›žŒ’— Š ™Ž›–Š—Ž— œ›žŒž›Ž
Œ˜—’—žŽ ˜— ˜••˜ ’— ™ŠŽ



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                          ›˜›Š–    ž’Ž•’—Žœ Œ˜—’—žŽ

 —’Ÿ’žŠ•œ  ‘˜ ‘ŠŸŽ Š ›Ž•Š’˜—œ‘’™ ˜ ‘Ž Šœ˜— ˜›Š‹•Ž 
˜žœ’— ›žœ ˜Š›
 Š— ‘Ž’› Š–’•’Žœ Š›Ž —˜ Ž•’’‹•Ž ˜ ™Š›’Œ’™ŠŽ ’— ‘Ž ™›˜›Š–

Ž—Ž›Š•

 ›˜›Š– ™Š›’Œ’™Š—œ ’— Š ™›˜™Ž›¢ ’— ‘Ž ™›’ŸŠŽ ‘˜žœ’— –Š›”Ž ‘Š Œ˜–™•’Žœ
  ’‘ ™›˜›Š– ›Žšž’›Ž–Ž—œ ˜› ‘˜žœŽ‘˜• œ’£Ž Š— ‘˜–Ž Œ˜—’’˜— œŽŽ ‘Ž
 ›˜™Ž›¢ œŽŒ’˜— ˜› Š’’˜—Š• ŽŠ’•
   ŠŒ‘ ™›˜™Ž›¢ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘Ž ™›˜›Š– –žœ ‹ŽŒ˜–Ž ‹˜ž— ‹¢ Š ™Ž›–Š—Ž—
 Š˜›Š‹•Ž ‘˜žœ’— ŽŽ ›Žœ›’Œ’˜— ‘Š ’œ ™›˜Ÿ’Ž ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜
 
˜žœ’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— Š— Š™™›˜ŸŽ ‹¢ ‘Ž ˜ —                    œž––Š›¢ ˜
 ‘Ž ›Žœ›’Œ’˜— ’œ ™›˜Ÿ’Ž ’— ‘’œ ™ŠŒ”Ž œŽŽ ‘Ž ˜ŒŠ• —’’Š’ŸŽ ›˜›Š– 
 
˜–Ž‹ž¢Ž› ’œŒ•˜œž›Ž ŠŽ–Ž— ‘Ž Œ˜–™•ŽŽ ŽŽ ›Žœ›’Œ’˜— ’œ ŠŸŠ’•Š‹•Ž Š
 ‘™     –Šœœ ˜Ÿ ‘Ž ˜Œœ ‘Œ ‘ •’™ •’™ŽŽ›’Ž› ™
 ‘Ž ›ŽœŠ•Ž ™›˜ŒŽœœ ž—Ž› ‘Ž  ŽŽ ’Ž› ’—Ÿ˜•ŸŽœ ‘Ž ˜••˜ ’— ‘Ž ˜—’˜›’—
   Ž—œ ‘ŠŸŽ ž™ ˜      Š¢œ ŠŽ› ¢˜ž ’ŸŽ —˜’ŒŽ ˜ ¢˜ž› ’—Ž—’˜— ˜ œŽ•• ‘Ž ‘˜–Ž ˜
 Œ•˜œŽ ˜— Š œŠ•Ž ˜ Š— •’’‹•Ž ž›Œ‘ŠœŽ› ˜› ˜ Œ•˜œŽ ˜— Š œŠ•Ž ˜ Š ˜—’˜›’— Ž—
 ˜› ˜ Š ‹ž¢Ž› ‘Š ˜—Ž ˜ ‘Ž– –Š¢ Žœ’—ŠŽ ‘’œ ’–Ž ™Ž›’˜ ŒŠ— ‹Ž Ž¡Ž—Ž Šœ
 ™›˜Ÿ’Ž ’— ‘Ž  ŽŽ ’Ž› ˜ Š››Š—Ž ˜› ŽŠ’•œ ˜ Œ•˜œ’— ˜ •˜ŒŠŽ Š
 œž‹œŽšžŽ— ™ž›Œ‘ŠœŽ› ’ ‘Ž ’›œ œŽ•ŽŒŽ ™ž›Œ‘ŠœŽ› ’œ ž—Š‹•Ž ˜ ˜‹Š’— ’—Š—Œ’— ˜›
 ˜› •ŠŒ” ˜ Œ˜˜™Ž›Š’˜— ˜— ¢˜ž› ™Š›  ¢˜ž ŠŽ–™ ˜ œŽ•• ˜› ›Š—œŽ› ‘Ž ‘˜–Ž
  ’‘˜ž Œ˜–™•¢’—  ’‘ ‘Ž  ŽŽ ’Ž› ›Žšž’›Ž–Ž—œ ‘Ž ˜—’˜›’— Ž—œ
 –Š¢ Š–˜— ‘Ž’› ˜‘Ž› ›’‘œ Ÿ˜’ Š—¢ Œ˜—›ŠŒ ˜› œžŒ‘ œŠ•Ž ˜› ‘Ž œŠ•Ž ’œŽ• ŽŽ›
 ˜ ‘Ž  
˜–Ž‹ž¢Ž› ’œŒ•˜œž›Ž ŠŽ–Ž— ˜› Š Œ•ŽŠ› ŽœŒ›’™’˜— ˜ ŽŽ ›’Ž›
 ›Žšž’›Ž–Ž—œ
   ŠŒ‘ ™›˜™Ž›¢ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š– –žœ ‹Ž Ž•’’‹•Ž ˜› ’—Œ•žœ’˜— ˜— ‘Ž
 œŠŽ œ ž‹œ’’£Ž 
˜žœ’— —ŸŽ—˜›¢ ›Š— –˜—’Žœ  ’•• —˜ ‹Ž ’œ‹ž›œŽ ’ Š—¢
 Šœ™ŽŒ ˜ ‘Ž ™›˜™Ž›¢ ‘Ž ’—Š—Œ’— ˜› ‘Ž ›Š—œŠŒ’˜—  ˜ž• ™›ŽŒ•žŽ ‘Ž ž—’
 ›˜– ’—Œ•žœ’˜— ˜— ‘Ž ž‹œ’’£Ž 
˜žœ’— —ŸŽ—˜›¢
   Š’› ‘˜žœ’— •Š  Š œŠŽ Š— ŽŽ›Š• •ŽŸŽ•œ ™›˜‘’‹’œ ’œŒ›’–’—Š’˜— ’— ‘˜žœ’— ˜— Š
 —ž–‹Ž› ˜ Œ‘Š›ŠŒŽ›’œ’Œœ ’—Œ•ž’— ›ŠŒŽ ›Ž•’’˜— Œ˜•˜› œŽ¡ œŽ¡žŠ• ˜›’Ž—Š’˜—
 Š–’•’Š• œŠžœ ŠŽ ‘Š—’ŒŠ™ –Š›’Š• œŠžœ —Š’˜—Š• ˜›’’— Ž—Ž’Œ ’—˜›–Š’˜—
 Š— Š—ŒŽœ›¢ — Š™™•’ŒŠ—  ‘˜ ‹Ž•’ŽŸŽœ ‘Š ‘Ž¢ ‘ŠŸŽ ‹ŽŽ— ’œŒ›’–’—ŠŽ ŠŠ’—œ
 ’— ‘Ž ‹ž¢Ž› œŽ•ŽŒ’˜— ’—Š—Œ’— ˜› œŠ•Žœ ™›˜ŒŽœœ –Š¢ Œ˜—ŠŒ ‘Ž ŠœœŠŒ‘žœŽœ
   ˜––’œœ’˜— Š’—œ ’œŒ›’–’—Š’˜—                       Š— ˜› ‘Ž —’Ž ŠŽœ
   Ž™Š›–Ž— ˜ 
˜žœ’— Š— ›‹Š— ŽŸŽ•˜™–Ž—




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                          ›˜›Š–     ž’Ž•’—Žœ Œ˜—’—žŽ
Š›’Œ’™Š— ‹•’Š’˜—œ
     ™™•’ŒŠ—œ –žœ ‘ŠŸŽ ˜‹Š’—Ž Š –˜›ŠŽ ™›Ž Š™™›˜ŸŠ• ›˜– Š ‹Š—” Œ›Ž’ ž—’˜—
   ˜› ˜ŸŽ›—–Ž— Ž—’¢ ˜™Ž›Š’— ’— ŠœœŠŒ‘žœŽœ ›Ž Š™™›˜ŸŠ•œ ›˜– ˜— •’—Ž
   œŽ›Ÿ’ŒŽœ ˜  œŠ’œ¢ ‘’œ ›Žšž’›Ž–Ž— ›Ž šžŠ•’’ŒŠ’˜—œ ˜  œŠ’œ¢ ‘’œ
   ›Žšž’›Ž–Ž— ‘Ž ™›Ž Š™™›˜ŸŠ• –žœ ‹Ž ˜› Š •˜Š— Š–˜ž— œž’Œ’Ž— ˜› Š ‹ž¢Ž› ˜
   ™ž›Œ‘ŠœŽ Š ™›˜™Ž›¢ ž—Ž› ‘’œ ™›˜›Š– ’ Ž Š •ŽŠœ         ˜ ‘Ž Š˜›Š‹•Ž œŠ•Ž
   ™›’ŒŽ Šœ Ž’—Ž ’— ‘Ž ›Š—œ œŽŒ’˜— ‹Ž•˜ 
     ›Š— Š Š›ŽŽœ  ’•• ‹Ž ’—˜›–Ž ˜ ‘Ž –Š¡’–ž– œŠ•Ž ™›’ŒŽ ˜ ‘Ž ‘˜–Ž ‘Ž¢ –Š¢
   ™ž›Œ‘ŠœŽ ‹¢ Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž—
      Š›ŽŽœ –žœ ‹Ž ’— ›ŽŒŽ’™ ˜ ‘’œ ’—˜›–Š’˜— ‹Ž˜›Ž œŽ•ŽŒ’— Š ‘˜–Ž
   Š›’Œ’™Š—œ –žœ ‘ŠŸŽ Œ˜–™•ŽŽ Š ‘˜–Ž‹ž¢Ž› Œ˜ž›œŽ ˜› ‘˜–Ž‹ž¢Ž› Œ˜ž—œŽ•’—
   ‹Ž˜›Ž –Š”’— Š— ˜Ž› ˜— Š ‘˜–Ž ˜ ‹Ž ™ž›Œ‘ŠœŽ  ’‘ ‘Ž Šœœ’œŠ—ŒŽ ˜ ‘’œ
   ™›˜›Š– ‘Ž Œ˜ž›œŽ Œ˜ž—œŽ•’— –žœ ‹Ž ˜Ž›Ž ‹¢ Š— ˜›Š—’£Š’˜— ŒŽ›’’Ž ž—Ž›
   ‘Ž ŠœœŠŒ‘žœŽœ 
˜–Ž˜ —Ž›œ‘’™ ˜••Š‹˜›Š’ŸŽ œŽŽ ‘Ž 
˜–Ž‹ž¢Ž› ˜ž›œŽœ
   œŽŒ’˜—
     ž¢Ž›œ –žœ Œ˜–™•¢  ’‘ œ™ŽŒ’’Œ Œ•˜œ’— Š— ’—Š—Œ’— ›Žšž’›Ž–Ž—œ ˜ Š••
   Š™™•’ŒŠ‹•Ž œŠŽ ™›˜›Š–œ Š— ‹Š—” ™›˜žŒœ ‘’œ ’—Œ•žŽœ ˜‹Š’—’— ‘Ž Š™™›˜ŸŠ•
   ˜ ‘Ž Ž›–œ ˜ ‘Ž –˜›ŠŽ ’—Š—Œ’— ›˜– ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š—
     ˜––ž—’¢ ŽŸŽ•˜™–Ž—
   ˜ ˜Ž› ˜ ™ž›Œ‘ŠœŽ ›ŽŠ• ŽœŠŽ –Š¢ ’—Œ•žŽ Š ’›œ ›’‘ ˜ ›ŽžœŠ•
     ž¢Ž›œ Š›Ž Ž—Œ˜ž›ŠŽ ˜ ˜‹Š’— •ŽŠ• ›Ž™›ŽœŽ—Š’˜— ˜› ‘Ž ›Š—œŠŒ’˜— œŠ›’—
    ’‘ —Ž˜’Š’˜— ˜ ™ž›Œ‘ŠœŽ Š— œŠ•Ž Š›ŽŽ–Ž—œ
     ž¢Ž›œ –žœ Œ˜—žŒ ‘Ž’› ›Š—œŠŒ’˜— œ˜ ‘Š ‘Ž ‘˜–Ž ™ž›Œ‘ŠœŽ ’œ Ž•’’‹•Ž ˜›
   ’—Œ•žœ’˜— ˜— Šœ˜— œ ž‹œ’’£Ž 
˜žœ’— —ŸŽ—˜›¢ ž¢Ž›œ –žœ Œ˜––’ ˜
   Ž¡ŽŒž’— Š—¢ Š— Š•• ˜Œž–Ž—œ Š— Š›ŽŽ–Ž—œ ‘Š Š›Ž —ŽŒŽœœŠ›¢ ˜› œžŒ‘
   ™ž›™˜œŽ ž¢Ž›œ Š›Ž Ž—Œ˜ž›ŠŽ ˜ ›ŽŸ’Ž  ‘Ž’› ›Š—œŠŒ’˜— Šœ ’ ™›˜›ŽœœŽœ  ’‘
     Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— ˜ Ž—œž›Ž ‘Š ‘’œ
   Œ˜—’’˜— ’œ –Ž
   ›˜™Ž›¢ ’—œ™ŽŒ’˜—œ ‹¢ šžŠ•’’Ž ŠœœŠŒ‘žœŽœ •’ŒŽ—œŽ ’—œ™ŽŒ˜›œ Š›Ž ›Žšž’›Ž ˜›
   ž—’œ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š– Ž›œ ˜ ™ž›Œ‘ŠœŽ –žœ ‹Ž Œ˜—’’˜—Š• ž™˜—
   œŠ’œŠŒ˜›¢ ’—œ™ŽŒ’˜—œ




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                          ›˜›Š–     ž’Ž•’—Žœ Œ˜—’—žŽ
 ›Š—œ

  ‘Ž ™›˜›Š– œ œž‹œ’¢ Š”Žœ ‘Ž ˜›– ˜ ™Š¢–Ž—œ ˜ œŽ••Ž›œ ˜ Š› ‘Ž ™ž›Œ‘ŠœŽ ˜
  ‘Ž ‘˜–Ž Š Œ•˜œ’— 
˜–Ž ™ž›Œ‘ŠœŽ ›Š—œ Š›Ž ’—Ž—Ž ˜ ›ŽžŒŽ ‘Ž Œ˜œ ˜ ‘Ž
  ‘˜–Ž ™ž›Œ‘ŠœŽ Š••˜ ’— ‘Ž ™ž›Œ‘ŠœŽ› ˜ Š”Ž ˜ž Š œ–Š••Ž› –˜›ŠŽ — ›Žž›— ˜›
  ‘’œ ’—Š—Œ’Š• Šœœ’œŠ—ŒŽ Š— Š˜›Š‹’•’¢ ŽŽ ›’Ž› ’œ ŠŠŒ‘Ž ˜ ‘Ž ™›˜™Ž›¢
    ’’˜—Š••¢ ›Ž’–‹ž›œŽ–Ž— ˜ ‹ž¢Ž›œ ’œ ŠŸŠ’•Š‹•Ž ˜› ›Žšž’›Ž ‘˜–Ž ’—œ™ŽŒ’˜—œ
  Š¡’–ž– œŠ•Ž ™›’ŒŽœ Š›Ž ‹ŠœŽ ž™˜— ‘Ž —ž–‹Ž› ˜ ‹Ž›˜˜–œ —ŽŽŽ ‹¢ ‘Ž
  ›ŽŒ’™’Ž— ‘˜žœŽ‘˜• ‘Ž —ž–‹Ž› ˜ ‹Ž›˜˜–œ —ŽŽŽ ’œ ‹ŠœŽ ž™˜— ‘Ž ‘˜žœŽ‘˜•
  œ’£Ž Š— œŠŽ ›Žž•Š’˜—œ Šœ˜— œ Ž™Š›–Ž— ˜ 
˜žœ’—            ˜––ž—’¢
    ŽŸŽ•˜™–Ž—  ’•• ŸŽ›’¢ ‘’œ —ž–‹Ž› ˜› ™›˜›Š– ™Š›’Œ’™Š—œ
  Š›’Œ’™Š— ‹ž¢Ž›œ –Š¢ œŽ•ŽŒ Š ‘˜–Ž  ’‘ ž™ ˜ ˜—Ž Š’’˜—Š• ‹Ž›˜˜– ‘Š— ’œ
  œ’™ž•ŠŽ ˜› ‘Ž’› ‘˜žœŽ‘˜• ˜ Š’’˜—Š• ›Š— –˜—’Žœ  ’•• ‹Ž ’œ‹ž›œŽ Š— ‘Ž
  ‘˜–Ž –žœ ˜‘Ž› ’œŽ –ŽŽ Š•• ™›˜›Š– ›Žšž’›Ž–Ž—œ
    ›Š—œ Š›Ž ™›’–Š›’•¢ ’—Ž—Ž ˜ Œ•˜œŽ ‘Ž Š™ ‹Ž ŽŽ— ‘Ž Š˜›Š‹•Ž ™›’ŒŽ Š—
  ŠŒžŠ• œŠ•Ž ™›’ŒŽ ˜ Š ‘˜–Ž ›Š— Š–˜ž—œ Š›Ž ŽŽ›–’—Ž Šœ ˜••˜ œ
          o Š¡’–ž– œŠ•Ž ™›’ŒŽœ ˜› œ’—•Ž Š–’•¢ ‘˜–Žœ œ‘Š•• ’— —˜ ŒŠœŽ Ž¡ŒŽŽ ‘˜œŽ
             •’œŽ ’— ‘Ž Š‹•Ž ˜— ‘Ž ˜••˜ ’— ™ŠŽ Š¡’–ž– œŠ•Ž ™›’ŒŽœ ˜›
             Œ˜—˜–’—’ž–œ œ‘Š•• ’— —˜ ŒŠœŽ Ž¡ŒŽŽ ‘˜œŽ •’œŽ ’— ‘Ž Š‹•Ž ˜— ‘Ž
             ˜••˜ ’— ™ŠŽ Š— –Š¢ ‹Ž œŽ •˜ Ž› Ž™Ž—’— ˜— ŠŒžŠ• Œ˜—˜–’—’ž–
             ŽŽœ ž‹“ŽŒ ˜ ‘’œ •’–’ ‘Ž ›Š—  ’•• ‹Ž ›ŽŠŽ› ˜
                          ˜ ‘Ž ‘˜–Ž œŠ•Ž ™›’ŒŽ ˜›
                     ‘Ž ’Ž›Ž—ŒŽ ‹Ž ŽŽ— ‘Ž ŠŒžŠ• œŠ•Ž ™›’ŒŽ Š— ‘Ž Š˜›Š‹•Ž œŠ•Ž
                     ™›’ŒŽ ŽŽ›–’—Ž ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š—
                       ˜––ž—’¢ ŽŸŽ•˜™–Ž—


Œ˜—’—žŽ ˜— ‘Ž ˜••˜ ’— ™ŠŽ




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Š¡’–ž– ›’ŒŽœ ‹ŠœŽ ˜—        
    ’—Œ˜–Ž •’–’œ

’—•Ž Š–’•¢

   ™™›˜ŸŽ     Žœ      ˜›Š‹•Ž ›’ŒŽ        Š¡ Š•Ž ›’ŒŽ




 ˜—˜   œ’–ŠŽ –Š¡’–ž– ™›’ŒŽœ ‹ŠœŽ ˜— Žœ’–ŠŽ Œ˜—˜ ŽŽœ

   ™™›˜ŸŽ     Žœ      ˜›Š‹•Ž ›’ŒŽ        Š¡’–ž– ›’ŒŽ




     ŠœŽ ˜— ŠŸŠ’•Š‹’•’¢ ˜ ž—œ œ–Š••Ž› ›Š—œ –Š¢ ‹Ž –ŠŽ ŠŸŠ’•Š‹•Ž ˜ Š™™•’ŒŠ—œ
  ŠŽ› ‘›ŽŽ ‘˜žœŽ‘˜•œ ‘ŠŸŽ ›ŽŒŽ’ŸŽ Šœœ’œŠ—ŒŽ œŽŽ ›˜›Š– ›˜ŒŽœœ

  ‘Ž –Š¡’–ž– ‘˜–Ž ™ž›Œ‘ŠœŽ ›Š— Š Š›Ž ˜ ŽŠŒ‘ œŽ•ŽŒŽ ‘˜žœŽ‘˜• ˜ ‹Ž žœŽ
  ˜ Š› ‘Ž’› ‘˜–Ž ™ž›Œ‘ŠœŽ œ‘Š•• ’— —˜ ŒŠœŽ Ž¡ŒŽŽ
  — ŒŠœŽœ  ‘Ž›Ž ‘Ž ›Ž•ŽŸŠ— ‘˜–Ž ™ž›Œ‘ŠœŽ ›Š— Š–˜ž— ŽšžŠ•œ          ˜ ‘Ž ‘˜–Ž
  ™ž›Œ‘ŠœŽ ™›’ŒŽ ‘Ž ™Š›’Œ’™Š— ‘˜žœŽ‘˜• ’œ  Ž—’•Ž ˜ Š—¢ ŒŠœ‘ Š–˜ž—
  ’Ž›Ž—ŒŽ ‹Ž ŽŽ— ‘Ž ŠŒžŠ• ›Š— Š–˜ž— Š— ‘Ž Š¡’–ž– 
˜–Ž ž›Œ‘ŠœŽ
    ›Š— •’œŽ ’— ‘Ž Š‹•Ž Š‹˜ŸŽ
     ™Š›’Œ’™Š— ™ž›Œ‘ŠœŽ› –Š¢ œŽ•ŽŒ Š ‘˜–Ž Š Š—¢ œŠ•Ž ™›’ŒŽ ž™ ˜ ‘Ž –Š¡’–ž– œŠ•Ž
  ™›’ŒŽ Šœ ŽŽ›–’—Ž ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š— ˜––ž—’¢
    ŽŸŽ•˜™–Ž— Š— ‘Ž Šœ˜— Ž™Š›–Ž— ˜ •Š——’—            ˜––ž—’¢ ŽŸŽ•˜™–Ž—
  ‘Ž Ž™Š›–Ž—  ’•• ’—˜›– ™Š›’Œ’™Š—œ ˜ ‘Ž ŠŒžŠ• –Š¡’–ž– ‘˜–Ž œŠ•Ž ™›’ŒŽ
  ‘Ž¢ –Š¢ Œ˜—œ’Ž›
  ‘Ž ›˜›Š–  ’•• ›Ž’–‹ž›œŽ ‹ž¢Ž›œ ž™ ˜           ™Ž› ™Š›’Œ’™Š— ‘˜žœŽ‘˜• ˜ Š›
  ’—’’Š• ‘˜–Ž ’—œ™ŽŒ’˜—œ Š— Š—¢ Š’’˜—Š• ’—œ™ŽŒ’˜—œ ›Žšž’›Ž ž—Ž› ‘’œ
  ™›˜›Š– Š›’Œ’™Š—œ –žœ ™Š¢ ˜› Š—¢ Š’’˜—Š• Š–˜ž—œ ˜› Š—¢ ›Ž™Š’›œ ›Žšž’›Ž
  ˜ ‹Ž –ŠŽ ˜ ‘Ž ™›˜™Ž›¢ Šœ Š ›Žœž• ˜ Š—¢ ’—œ™ŽŒ’˜— ™Ž›˜›–Ž




                                          10
                    
                      

                             ›˜›Š–   ž’Ž•’—Žœ Œ˜—’—žŽ

›˜™Ž›¢

—•¢ ™›˜™Ž›’Žœ ‘Š –ŽŽ ‘Ž ˜••˜ ’— Œ›’Ž›’Š Š›Ž Ž•’’‹•Ž ˜› ™ž›Œ‘ŠœŽ
    — Ž¡’œ’— ‘˜–Ž ˜— Š ™Š›ŒŽ• •˜ŒŠŽ Ž—’›Ž•¢ ’— ‘Ž ˜ — ˜ Šœ˜— 
  ‘Ž ™›˜™Ž›¢ –žœ —Ž’‘Ž› Š•›ŽŠ¢ ‹Ž •’œŽ —˜› ž—Ž› Œ˜—œ’Ž›Š’˜— ˜› ’—Œ•žœ’˜—
  ˜— ‘Ž ž‹œ’’£Ž 
˜žœ’— —ŸŽ—˜›¢ Šœ –Š’—Š’—Ž ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜
  
˜žœ’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž—
  
˜–Žœ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š– –žœ ‹Ž ‘Ž ˜–’Œ’•Ž Š— ™›’—Œ’™Š•
  ›Žœ’Ž—ŒŽ ˜ ‘Ž Š™™•’ŒŠ—
     œŠ’œŠŒ˜›¢ œŽ™’Œ œ¢œŽ– ˜› ˜‘Ž› ŠŽšžŠŽ –ŽŠ—œ ˜ œŽ ŠŽ ’œ™˜œŠ• –žœ ‹Ž ’—
  ™•ŠŒŽ  Š ™›˜™Ž›¢ ˜Žœ —˜ ‘ŠŸŽ Š Œž››Ž— ™Šœœ’— ’•Ž  Ž›’’ŒŠŽ ˜› ˜‘Ž›
  ŽŸ’Ž—ŒŽ ˜ ŠŽšžŠŽ œŽ ŠŽ ’œ™˜œŠ• Ž’‘Ž› ‘Ž œŽ••Ž› –žœ ›Ž–Ž¢ ˜› ›Ž™•ŠŒŽ ‘Ž
  œ¢œŽ– œ˜ ‘Š Š ™Šœœ’— ’•Ž  Ž›’’ŒŠŽ ˜› ˜‘Ž› ›Ž™Š’› ž™›ŠŽ ’œ ˜‹Š’—Ž ˜›
  ›˜›Š– Š™™›˜ŸŽ Šœœ’œŠ—ŒŽ –žœ ‹Ž ’— ™•ŠŒŽ ˜ ›Ž–Ž¢ ˜› ›Ž™•ŠŒŽ ‘Ž œ¢œŽ–
  ‘Ž ™›˜™Ž›¢ –žœ ‹Ž ’— Œ˜–™•’Š—ŒŽ  ’‘ ‘Ž ŠœœŠŒ‘žœŽœ •ŽŠ ™Š’— •Š   ‘Ž‘Ž›
  ˜› —˜ Œ‘’•›Ž— ˜ Š—¢ ŠŽ Š›Ž Ž¡™ŽŒŽ ˜ •’ŸŽ ’— ‘Ž ™›˜™Ž›¢

    Œ˜—’—žŽ ˜— ˜••˜ ’— ™ŠŽ




                                          11
                   
                         

                              ›˜›Š–   ž’Ž•’—Žœ Œ˜—’—žŽ

  ‘Ž ™›˜™Ž›¢ –žœ ‹Ž ŽŽ›–’—Ž ˜ ‹Ž ’— ˜˜ œŠŽ Š— ‘Š‹’Š‹•Ž Œ˜—’’˜— ‹¢
   Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— ’— ’œ œ˜•Ž
  ’œŒ›Ž’˜— ‘Ž ˜••˜ ’— ’—œ™ŽŒ’˜—œ œ‘Š•• ‹Ž ›Žšž’›Ž ˜› ž—’œ ‹Ž’— Œ˜—œ’Ž›Ž ˜›
  ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘’œ ™›˜›Š– Š— Š•• ’—œ™ŽŒ’˜— ›Ž™˜›œ Š— Žœ ›Žœž•
  ˜Œž–Ž—Š’˜— –žœ ‹Ž ™›˜Ÿ’Ž ˜ ‘Ž Ž™Š›–Ž— •• ’—œ™ŽŒ’˜—œ œ‘Š•• ‹Ž
  Œ˜–™•ŽŽ  ’‘’— ‘›ŽŽ  ŽŽ”œ ŠŽ› ‘Ž ŠŒŒŽ™Š—ŒŽ ‹¢ ‘Ž œŽ••Ž› ˜ Š— Ž› ˜
  ž›Œ‘ŠœŽ ŽŠ• œŠŽ  ‘’Œ‘ –žœ ‹Ž Œ˜—’’˜—Š• ž™˜— œŠ’œŠŒ˜›¢ ’—œ™ŽŒ’˜—œ

           ŠŽ› šžŠ•’¢ Žœ’— ‹¢ Š šžŠ•’’Ž ™›˜Žœœ’˜—Š• ›˜– Š— ’—Ž›’˜› ŠžŒŽ
            ‘’Œ‘ –ŽŽœ 
       
 •˜Š— ›Žšž’›Ž–Ž—œ ‹¢ Žœ’— ˜› ˜•’˜›–         Œ˜•’
           •ŽŠ —’›ŠŽ Š— —’›’Ž

           ›˜™Ž›¢ ’—œ™ŽŒ’˜—œ ‹¢ šžŠ•’’Ž ŠœœŠŒ‘žœŽœ •’ŒŽ—œŽ ’—œ™ŽŒ˜›œ ‘Ž
           ™›˜™Ž›¢ ’—œ™ŽŒ’˜— –žœ Š›Žœœ Š•• ‘Ž ’Ž–œ —˜›–Š••¢ Œ˜ŸŽ›Ž ’— Š
           œŠ—Š› ‘˜–Ž ’—œ™ŽŒ’˜— ›Ž™˜› Šœ Ž’—Ž ’—                 Š—Š›œ ˜
           ›ŠŒ’ŒŽ Š— –žœ Š’’˜—Š••¢ ’—Œ•žŽ
            ▫    ˜—’›–Š’˜— ˜ ™›ŽœŽ—ŒŽ ˜ œ–˜”Ž  ŽŽŒ’˜— œ¢œŽ–œ ’—
               ŠŒŒ˜›Š—ŒŽ  ’‘              œŽŒ   Š—         
            ▫ —œ™ŽŒ’˜— ˜› ™Žœœ Š—  ˜˜ ‹˜›’— ’—œŽŒœ
            ▫    ’› šžŠ•’¢ Žœ’— ˜› ›Š˜—
            ▫     Œ‘ŽŒ” ˜› ‘Ž ™›ŽœŽ—ŒŽ ˜ Š—¢ ™˜Ž—’Š••¢ ‘Š£Š›˜žœ –ŠŽ›’Š•
                Šœ‹Žœ˜œ ŽŒ
            ▫     Œ‘ŽŒ” ˜› Š—¢ ’—’ŒŠ’˜— ˜ –˜’œž›Ž Š–ŠŽ Š— ’œŒ˜•˜›Š’˜—
                –˜• ŽŒ
            ▫     Œ‘ŽŒ” ˜› ‘Ž ™›ŽœŽ—ŒŽ ˜ •ŽŠ ‹ŠœŽ ™Š’— ’ ‘Ž ™›˜™Ž›¢  Šœ
               Œ˜—œ›žŒŽ ™›’˜› ˜

           
Š£Š› Žœ’— Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢
             ŽŸŽ•˜™–Ž—  ’•• ›Žšž’›Ž Š’’˜—Š• Žœ’— ‹¢ šžŠ•’’Ž ™›˜Žœœ’˜—Š•œ ’
           ‘Ž ™›ŽœŽ—ŒŽ ˜› ™˜Ž—’Š• ™›ŽœŽ—ŒŽ ˜ Š—¢ ˜ ‘Ž Š‹˜ŸŽ ‘Š£Š›œ ˜›
           ‘Š£Š›˜žœ Œ‘Ž–’ŒŠ•œ –Š›”Ž  ’‘           ’œ ŽŽŒŽ



Œ˜—’—žŽ ˜— ˜••˜ ’— ™ŠŽ




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                           ›˜›Š–   ž’Ž•’—Žœ Œ˜—’—žŽ

    –Š“˜› ›Ž™Š’› ’œœžŽ  ’•• ‹Ž Ž’—Ž Šœ Š—¢ Œ˜—’’˜— ˜› ‘Š£Š› ’Ž—’’Ž ’— ‘Ž
‘˜–Ž ’—œ™ŽŒ’˜— Š— ˜› Žœ’— ›Ž™˜› œ ‘Š ›Žšž’›Žœ ›Ž–Ž’Š’˜— ‹Ž¢˜—
 ›’—Š›¢ Ž™Š’›œ Šœ Ž’—Ž ’— ‘Ž Œž››Ž— ŠœœŠŒ‘žœŽœ ŠŽ ž’•’— ˜Ž
        ˜ –Š’—Š’— ‘Ž œŠŽ¢ ˜› ‘Š‹’Š‹’•’¢ ˜ ‘Ž ™›˜™Ž›¢  ’‘’— ’ŸŽ ¢ŽŠ›œ ˜
™ž›Œ‘ŠœŽ  Š –’—’–ž– ‘Ž ™›˜™Ž›¢ –žœ –ŽŽ ˜—Ž ˜ ‘Ž ˜••˜ ’— Œ˜—’’˜—œ
           ▫ ›Ž™˜› œ ’—’ŒŠŽ ‘Š ‘Ž ™›˜™Ž›¢ ‘Šœ —˜ –Š“˜› ›Ž™Š’› ’œœžŽœ ˜›
           ▫ Š•• –Š“˜› ›Ž™Š’› ’œœžŽœ ’Ž—’’Ž ’— ‘Ž ›Ž™˜› œ  ’•• ‹Ž Š›ŽœœŽ ‹¢
              ‘Ž œŽ••Ž› Ž’‘Ž› ’— ›Ž™Š’›œ ‹Ž˜›Ž Œ•˜œ’— ˜› ‘›˜ž‘ ŽœŒ›˜  ™Š¢–Ž—œ
              ˜ ‘Ž ‹ž¢Ž› ›˜›Š– –žœ Š™™›˜ŸŽ Š•• ŽœŒ›˜  ŠŒŒ˜ž—œ ˜›
           ▫ Š•• –Š“˜› ›Ž™Š’› ’œœžŽœ ’Ž—’’Ž ’— ‘Ž ›Ž™˜› œ  ’•• ‹Ž Š›ŽœœŽ
              ‘›˜ž‘ Šœœ’œŠ—ŒŽ ˜Ž›Ž ‘›˜ž‘ Š ž›Œ‘ŠœŽ Š— Ž‘Š‹’•’Š’˜—
              –˜›ŠŽ ›˜– Šœœ
˜žœ’— ˜› Š—˜‘Ž› œ’–’•Š› ™›˜›Š– ’ Š™™›˜ŸŽ
              ’— ŠŸŠ—ŒŽ ‹¢ ‘Ž Šœ˜— Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢
                ŽŸŽ•˜™–Ž—
  ž¢Ž›œ œ‘˜ž• ‹Ž Š Š›Ž ‘Š ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š— ˜––ž—’¢
  ŽŸŽ•˜™–Ž— Š— ‘Ž ‹ž¢Ž› œ •Ž—Ž› –Š¢ –Š”Ž Š’’˜—Š• œ’™ž•Š’˜—œ ›ŽŠ›’—
‘Ž ™›˜™Ž›¢ œ Œ˜—’’˜—
  ˜› Œ˜—˜–’—’ž–œ ‘Ž Šœ˜— Ž™Š›–Ž— ˜ •Š——’—               ˜––ž—’¢ ŽŸŽ•˜™–Ž—
 ’•• ›ŽŸ’Ž  ‘Ž Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— Š— Œ˜—˜–’—’ž– ˜Œž–Ž—œ ‘ŽœŽ
˜Œž–Ž—œ ’—Œ•žŽ Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— œ ŽŒ•Š›Š’˜— ‹¢ •Š œ Š—
›Žž•Š’˜—œ Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— œ ›ŽœŽ›ŸŽ ž— ™•Š— ’œŒ•˜œž›Ž ˜ Š—¢
“ž–Ž—œ ŠŠ’—œ ‘Ž Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— ˜› Š—¢ ™Ž—’— •Š œž’œ ˜› •ŽŠ•
™›˜ŒŽŽ’—œ ŠŠ’—œ ‘Ž Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— Œž››Ž— Œ˜—˜–’—’ž– ŽŽ
Œž››Ž— œ™ŽŒ’Š• ŠœœŽœœ–Ž— ’ Š—¢ ‹Š•Š—ŒŽ œ‘ŽŽ œŠŽ–Ž— ˜ ’—Œ˜–Ž Š— Ž¡™Ž—œŽ
Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— œ Š——žŠ• ‹žŽ ’œŒ•˜œž›Ž ˜ Š—¢ Š—’Œ’™ŠŽ ’—Œ›ŽŠœŽ ’—
Œ˜—›’‹ž’˜—œ ‹Ž¢˜— ’—•Š’˜—  ’œ ’œŒ›Ž’˜— Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’—
  ˜––ž—’¢ ŽŸŽ•˜™–Ž— –Š¢ Ž—¢ Š™™›˜ŸŠ• ˜ Š ›Š— ŽŠœ˜—œ –Š¢ ’—Œ•žŽ ‹ž
Š›Ž —˜ •’–’Ž ˜ œž‹œŠ—’Š• ’œœžŽœ  ’‘ Œ˜—˜–’—’ž– ˜Œž–Ž—œ ’—œŠ‹’•’¢ ’— ‘Ž
Œ˜—˜–’—’ž– Šœœ˜Œ’Š’˜— ™Ž—’— ˜› ™›˜™˜œŽ •Š œž’œ ŠŠ’—œ ‘Ž Šœœ˜Œ’Š’˜— ‘Š
–’‘ ›Žœž• ’— ’ ‹ŽŒ˜–’— ’—Š—Œ’Š••¢ ž—œŠ‹•Ž Š— Œž››Ž— ˜› ™˜Ž—’Š• œ™ŽŒ’Š•
ŠœœŽœœ–Ž—œ ‘Š –’‘ –Š”Ž ‘Ž Œ˜—˜–’—’ž– ž—Š˜›Š‹•Ž ˜ ‘Ž ‹ž¢Ž›




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                              ›˜›Š–   ž’Ž•’—Žœ Œ˜—’—žŽ

˜›ŠŽ
Š›’Œ’™Š—œ Š›Ž œ›˜—•¢ Ž—Œ˜ž›ŠŽ ˜ ›ŽŸ’Ž  ‘Ž ˜••˜ ’— •’œ  ’‘ ‘Ž’› •Ž—Ž›
›˜›Š– œŠ Š›Ž ŠŸŠ’•Š‹•Ž ˜ œ™ŽŠ”  ’‘ ¢˜ž› •Ž—Ž› ˜ ™›˜Ÿ’Ž ’—˜›–Š’˜— Š—
Š—œ Ž› šžŽœ’˜—œ •ŽŠœŽ œŽŽ ‘Ž ˜›ŠŽ ™’˜—œ œŽŒ’˜— ˜ ‘’œ ™ŠŒ”Ž ˜› Š •’œ ˜
•Ž—Ž›œ  ‘˜ ’œœžŽ –˜›ŠŽœ Œ˜–™Š’‹•Ž  ’‘ ‘Ž ™›˜›Š–

   ˜›ŠŽœ ˜› ‘˜–Žœ ™ž›Œ‘ŠœŽ ‘›˜ž‘ ‘Ž ™›˜›Š– –žœ ‹Ž ˜‹Š’—Ž ›˜– Š
   ‹Š—” Œ›Ž’ ž—’˜— ˜› ˜ŸŽ›—–Ž— Ž—’¢ ˜™Ž›Š’— ’— ŠœœŠŒ‘žœŽœ ˜›ŠŽœ
   ˜‹Š’—Ž ‘›˜ž‘ ˜— •’—Ž œŽ›Ÿ’ŒŽœ ˜  œŠ’œ¢ ‘’œ ›Žšž’›Ž–Ž— Ž—Ž›œ –žœ ‹Ž
   Š‹•Ž ˜  ˜›”  ’‘ ™›˜™Ž›¢ ŽŽ ›’Ž› ›Žœ›’Œ’˜—œ
   ˜— ‘˜žœŽ‘˜• –Ž–‹Ž›œ Š›Ž —˜ ™Ž›–’Ž Šœ Œ˜ œ’—Ž›œ ˜ ‘Ž –˜›ŠŽ
   ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— 
                    ˜› ’œ
   Žœ’—ŽŽ –žœ ›ŽŸ’Ž  Š— Š™™›˜ŸŽ ‘Ž Ž›–œ ˜ ‘Ž ‹ž¢Ž› œ –˜›ŠŽ ’—Š—Œ’— ‘Ž
   –˜›ŠŽ –žœ Œ˜–™•¢  ’‘ 
          ›Žšž’›Ž–Ž—œ ’—Œ•ž’— ‹ž —˜ •’–’Ž ˜ ‘Ž
   ˜••˜ ’—
       ▫ ‘Ž •˜Š— –žœ ‘ŠŸŽ Š ’¡Ž ’—Ž›Žœ ›ŠŽ ‘›˜ž‘ ‘Ž ž•• Ž›– ˜ ‘Ž
          –˜›ŠŽ
       ▫ ‘Ž •˜Š— –žœ ‘ŠŸŽ Š Œž››Ž— Š’› –Š›”Ž ’—Ž›Žœ ›ŠŽ ˜ –˜›Ž ‘Š—
          ™Ž›ŒŽ—ŠŽ ™˜’—œ Š‹˜ŸŽ ‘Ž Œž››Ž— Šœœ‘˜žœ’— ŠŽ                     ˜›
              –Šœœ‘˜žœ’— Œ˜–
       ▫ ‘Ž ’—Ž›Žœ ›ŠŽ –žœ ‹Ž •˜Œ”Ž ’— —˜ •˜Š’—
       ▫ ‘Ž ‹ž¢Ž› –žœ ™›˜Ÿ’Ž Š ˜ — ™Š¢–Ž— ˜ Š •ŽŠœ              ˜  ‘’Œ‘ –žœ
          Œ˜–Ž ›˜– ‘Ž ‹ž¢Ž› œ ˜ — ž—œ
       ▫ ‘Ž •˜Š— ŒŠ— ‘ŠŸŽ —˜ –˜›Ž ‘Š— ™˜’—œ
       ▫ ‘Ž ‹ž¢Ž› –Š¢ —˜ ™Š¢ –˜›Ž ‘Š—          ˜ ‘Ž’› –˜—‘•¢ ’—Œ˜–Ž ˜› –˜—‘•¢
          ‘˜žœ’— Œ˜œœ
       ▫ ˜Š—œ ›˜– —˜— ’—œ’ž’˜—Š• •Ž—Ž›œ  ’•• —˜ ‹Ž ŠŒŒŽ™Ž
       ▫ 
  ’•• —˜ •˜—Ž› ŠŒŒŽ™ ‘Ž ŽŽ ›’Ž› ‘Š œž›Ÿ’ŸŽœ ˜›ŽŒ•˜œž›Ž
       ▫    
       ’•• ™›Ž™Š›Ž Š  ŽŽ ’Ž› Š¡’–ž– ŽœŠ•Ž ›’ŒŽ ž•’™•’Ž›
            Ž›’’ŒŠŽ Š—  ˜›ŠŽ ˜ ‹Ž ›ŽŒ˜›Ž Š ‘Ž Œ•˜œ’—
    ˜Ž ‘Š ‘ŽœŽ ›Žšž’›Ž–Ž—œ Š›Ž œŽ ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’—
     ˜––ž—’¢ ŽŸŽ•˜™–Ž— 
             Š— Š›Ž œž‹“ŽŒ ˜ Œ‘Š—Ž ŽŽ 
        œ •ŠŽœ
   ŸŽ›œ’˜— ˜ ‘Ž  ž’Ž•’—Žœ ˜› ž™ŠŽ ’—˜›–Š’˜—




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                                   ›˜›Š– ›˜ŒŽœœ
 ™™•’ŒŠ’˜—œ

      •ŽŠœŽ Œ˜–™•ŽŽ Š•• Š™™•’ŒŠ’˜— –ŠŽ›’Š•œ ™™•’ŒŠ—œ Š›Ž Ž—Œ˜ž›ŠŽ ˜ Œ˜–™•ŽŽ
      ‘Ž Œ‘ŽŒ”•’œ Šœ Š— Š’Ž ˜ ‘Ž ™›˜ŒŽœœ
        ™™•’ŒŠ’˜—œ ›ŽŒŽ’ŸŽ Š›Ž ŠŽ Š— Œ‘ŽŒ”Ž ˜› Œ˜–™•Ž’˜— ˜ Š•• ›Žšž’›Ž
      Œ˜–™˜—Ž—œ — Š™™•’ŒŠ’˜—  ’•• ‹Ž Œ˜—œ’Ž›Ž Œ˜–™•ŽŽ  ‘Ž— Š•• ›Žšž’›Ž ’Ž–œ
      ˜— ‘Ž Œ‘ŽŒ”•’œ ‘ŠŸŽ ‹ŽŽ— ™›˜Ÿ’Ž
        ™™•’ŒŠ—œ  ’•• ‹Ž —˜’’Ž ˜› ’—Œ˜–™•ŽŽ Š™™•’ŒŠ’˜— ™ŠŒ”ŠŽœ ‹¢ Ž–Š’• ˜›
      ™‘˜—Ž ŒŠ•• ’›œ Š— ‘Ž— ‹¢ •ŽŽ› ’ —˜ ›Žœ™˜—œŽ ‘Šœ ‹ŽŽ— ›ŽŒŽ’ŸŽ ŠŽ› Š¢œ
        ™™•’ŒŠ’˜—œ  ’•• ‹Ž ›ŽŸ’Ž Ž ˜ ŽŽ›–’—Ž ‘Š Š™™•’ŒŠ— ‘˜žœŽ‘˜•œ Š™™ŽŠ› ˜
      ‹Ž Ž•’’‹•Ž ˜ ™Š›’Œ’™ŠŽ ’—Š• Ž•’’‹’•’¢  ’•• ‹Ž Œ˜—’›–Ž ‹Ž˜›Ž Œ•˜œ’— ˜›
      Š™™•’ŒŠ—œ œŽ•ŽŒŽ ˜ ™Š›’Œ’™ŠŽ ’— ‘Ž ™›˜›Š–
        ™™•’ŒŠ—œ ŽŽ–Ž ’—Ž•’’‹•Ž  ’•• ‹Ž —˜’’Ž ’—  ›’’— ˜ ‘Ž ŽŒ’œ’˜— Š— –Š¢
      Œ˜—ŠŒ ‘Ž ™›˜›Š– ’—  ›’’— ˜ Œ˜––Ž— ˜— ˜› ™›˜Žœ ‘Ž ŽŽ›–’—Š’˜—
       Š’•ž›Ž ˜ Œ˜—ŠŒ ‘Ž ™›˜›Š– ’—  ›’’— Š •ŽŠœ  ˜  ŽŽ”œ ŠŽ› —˜’’ŒŠ’˜—  ’••
      ›Žœž• ’— ‘Ž Š™™•’ŒŠ—  Š’Ÿ’— ‘Ž’› ›’‘ ˜› ›ŽŸ’Ž 

Ž•ŽŒ’˜—

      Š›’Œ’™Š—œ Š›Ž œŽ•ŽŒŽ ˜— Š ’›œ Œ˜–Ž ’›œ œŽ›ŸŽ ‹Šœ’œ ‹¢ ŠŽ ˜ Œ˜–™•ŽŽ
      Š™™•’ŒŠ’˜—
      — ‘Ž ŽŸŽ— ‘Š Š—¢ ˜ ‘Ž ™Š›’Œ’™Š—œ Š›Ž ž—Š‹•Ž ˜ ™ž›Œ‘ŠœŽ Š ‘˜–Ž  ’‘’— ‘Ž
      Š••˜Ž ’–Ž ›Š–Ž Š›Ž ž—Š‹•Ž ˜ ˜‹Š’— ’—Š—Œ’— ˜ —˜ Œ˜–™•¢  ’‘
      ž’Ž•’—Žœ ˜›  ’‘›Š  ˜› Š—¢ ˜‘Ž› ›ŽŠœ˜— ‘Ž —Ž¡ šžŠ•’’Ž Š™™•’ŒŠ—  ’•• ‹Ž
      ˜Ž›Ž ‘Ž ›Š— ˜™™˜›ž—’¢  ‘Ž ›Žž›—Ž ›Š— ’œ ˜› Š •Š›Ž› ž—’ ‘Š— ‘Ž
      —Ž¡ Š™™•’ŒŠ— šžŠ•’’Žœ ˜› ‘Ž ›Š—  ’•• ‹Ž ›ŽžŒŽ ŠŒŒ˜›’—•¢  ‘Ž ›Žž›—Ž
      ›Š— ’œ œ–Š••Ž› ‘Š— ‘Ž —Ž¡ ‘’‘Žœ ›Š—”’— Š™™•’ŒŠ— šžŠ•’’Žœ ˜› Š— —˜
      Š’’˜—Š• ™›˜›Š– ž—œ Š›Ž ŠŸŠ’•Š‹•Ž ˜—•¢ ‘’œ œ–Š••Ž› ›Š— Š–˜ž—  ’•• ‹Ž
      ŠŸŠ’•Š‹•Ž ˜ ‘Ž Š™™•’ŒŠ—




                                           15
                    
                        

˜œ Ž•ŽŒ’˜— ›˜ŒŽœœ

      Š›’Œ’™Š—œ –žœ ‘ŠŸŽ Œ˜–™•ŽŽ Š ‘˜–Ž‹ž¢Ž› œ Œ˜ž›œŽ ˜› ‘˜–Ž‹ž¢Ž› œ
      Œ˜ž—œŽ•’— ›˜– Š— Ž•’’‹•Ž ™›˜Ÿ’Ž› ™›’˜› ˜ –Š”’— Š— ˜Ž› œŽŽ ‘Ž
       Š›’Œ’™Š— ‹•’Š’˜—œ ˜™’Œ ’— ‘Ž ™›˜›Š– ž’Ž•’—Žœ ˜› Š’’˜—Š• ŽŠ’•
      Š›’Œ’™Š—œ  ’•• ‹Ž —˜’’Ž ‹¢ Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š—
        ˜––ž—’¢ ŽŸŽ•˜™–Ž— ˜ ‘Ž –Š¡’–ž– ™ž›Œ‘ŠœŽ ™›’ŒŽ ˜› ‘Ž ‘˜–Ž ‘Š
      ‘Ž¢ œŽ•ŽŒ œŽŽ ‘Ž      ›Š—œ ˜™’Œ ˜ ‘Ž ™›˜›Š– ž’Ž•’—Žœ ˜› ž›‘Ž›
      ’—˜›–Š’˜—
      Š›’Œ’™Š—œ Š›Ž ’ŸŽ—        Š¢œ ›˜– ‘’œ —˜’’ŒŠ’˜— ˜ Œ˜–™•ŽŽ ‘Ž’›
      ›Š—œŠŒ’˜— ‘’œ Š••˜ œ ’–Ž ˜› ‘Ž ™Š›’Œ’™Š— ˜
              Ž•ŽŒ ™›˜™Ž›¢ ž¢Ž› –žœ —˜’¢ Šœ˜— œ Ž™Š›–Ž— ˜ •Š——’— Š—
                ˜––ž—’¢ ŽŸŽ•˜™–Ž— ˜ ‘Ž’› Œ‘˜’ŒŽ Š— ‘Ž Ž™Š›–Ž— –žœ
              Œ˜—’›– ‘Š ‘Ž ™›˜™Ž›¢ ’œ Ž•’’‹•Ž ˜› ™ž›Œ‘ŠœŽ ž—Ž› ‘Ž ™›˜›Š–
              ‹Ž˜›Ž ‘Ž ‹ž¢Ž› ™›˜ŒŽŽœ
              Š”Ž ˜Ž› ’— ˜Ž› ˜ ™ž›Œ‘ŠœŽ —Ž˜’ŠŽ ™›’ŒŽ —Œ•žŽ Œ˜—’—Ž—Œ¢ ˜—
              ’—œ™ŽŒ’˜—œ —Œ•žŽ Œ˜—’—Ž—Œ¢ ˜— ’—Š—Œ’— ˜ ˜Ž› ˜ ™ž›Œ‘ŠœŽ –Š¢
              ’—Œ•žŽ Š ’›œ ›’‘ ˜ ›ŽžœŠ•
                ˜–™•ŽŽ ’—œ™ŽŒ’˜—œ ˜–™•ŽŽ ‘˜–Ž ‘Š£Š› ’—œ™ŽŒ’˜—œ  ’‘’—          Š¢œ
              ˜ ˜Ž› ŠŒŒŽ™Š—ŒŽ œŽŽ ‘Ž ›˜™Ž›¢ ˜™’Œ ’— ‘Ž ™›˜›Š– ž’Ž•’—Žœ
                ¡ŽŒžŽ ™ž›Œ‘ŠœŽ Š— œŠ•Ž Š›ŽŽ–Ž—
              ‹Š’— ’—Š—Œ’— œŽŽ ‘Ž ˜›ŠŽ ˜™’Œ ’— ‘Ž ™›˜›Š– ž’Ž•’—Žœ
                •˜œŽ ’‘’— ›˜ž‘•¢       Š¢œ ˜ œ’—’— ˜ ™ž›Œ‘ŠœŽ œŠ•Ž
         ‘Ž ’œŒ›Ž’˜— ˜ ‘Ž Šœ˜— ˜›Š‹•Ž 
˜žœ’— ›žœ ž— ˜Š› ˜› ’œ
      Žœ’—ŽŽ Ž¡Ž—œ’˜—œ ˜Š•’— ž™ ˜        Š¢œ –Š¢ ‹Ž ›Š—Ž ¡Ž—œ’˜—œ  ’•• ‹Ž
      ›Š—Ž ˜—•¢  ‘Ž— Œ’›Œž–œŠ—ŒŽœ ˜žœ’Ž ˜ Š ™Š›’Œ’™Š— œ Œ˜—›˜• ‘ŠŸŽ
      ™›ŽŸŽ—Ž ‘Ž– ›˜– Œ•˜œ’— ‹Ž˜›Ž ‘Ž’› ŽŠ•’—Ž ‘Ž ™Š›’Œ’™Š— –Š¢ ‹Ž
      ›Žšž’›Ž ˜ ™›˜Ÿ’Ž Š’’˜—Š• ˜Œž–Ž—Š’˜— ˜ Ž–˜—œ›ŠŽ ‘Š ˜˜ Š’‘
      Ž˜›œ ˜ Š› Œ˜–™•Ž’— Š ›Š—œŠŒ’˜— Š›Ž ž—Ž› Š¢
      ‘Ž ‹ž¢Ž› –Š¢ Ž—ŠŽ Š ›ŽŠ• ŽœŠŽ ŠŽ— ˜ œ‘˜  ™˜Ž—’Š• ™›˜™Ž›’Žœ  ‘Ž
      ‹ž¢Ž› œ ›ŽšžŽœ ‘Ž Šœ˜— œ ˜›Š‹•Ž 
˜žœ’— ›žœ ž— ˜Š› –Š¢
      ›ŽŒ˜––Ž— ŠŽ—œ Š–’•’Š›  ’‘ ‘Ž ›˜›Š– ‘Ž ˜Š› ˜Ž›œ ‘ŽœŽ –Ž›Ž•¢ Šœ
      ŒŠ—’ŠŽœ ˜ ‘Ž ‹ž¢Ž›  ‘˜ ’œ ›Žœ™˜—œ’‹•Ž ˜› œŽ•ŽŒ’— ‘Ž’› ŠŽ— Š— ‘˜–Ž
      —•¢ ™›˜™Ž›’Žœ ‘Š –ŽŽ ‘Ž Œ›’Ž›’Š •’œŽ ’— ‘Ž ›˜›Š– ž’Ž•’—Žœ Š›Ž
      Ž•’’‹•Ž ˜› ™ž›Œ‘ŠœŽ •’’‹’•’¢ –žœ ‹Ž ŸŽ›’’Ž ‹¢ ‘Ž Šœ˜— Ž™Š›–Ž— ˜
      •Š——’—       ˜––ž—’¢ ŽŸŽ•˜™–Ž—
        ž¢Ž›œ Š›Ž Ž—Œ˜ž›ŠŽ ˜ ˜‹Š’— •ŽŠ• ›Ž™›ŽœŽ—Š’˜— ˜› ‘Ž ›Š—œŠŒ’˜— œŠ›’—
       ’‘ Ž› ˜ ž›Œ‘ŠœŽ




                                          16
                    
                       

˜œ Ž•ŽŒ’˜— ›˜ŒŽœœ Œ˜—’—žŽ

        ž¢Ž›œ –žœ Œ˜–™•¢  ’‘ œ™ŽŒ’’Œ Œ•˜œ’— Š— ’—Š—Œ’— ›Žšž’›Ž–Ž—œ ˜ Š••
      Š™™•’ŒŠ‹•Ž œŠŽ ™›˜›Š–œ Š— ‹Š—” ™›˜žŒœ ŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š—
         ˜––ž—’¢ ŽŸŽ•˜™–Ž— Š™™›˜ŸŠ• ˜ ‘Ž Ž›–œ ˜ ‘Ž –˜›ŠŽ ’—Š—Œ’— –žœ
      ‹Ž ˜‹Š’—Ž
        ’—Š• ‹ž¢Ž› Ž•’’‹’•’¢ Šœ ŽŽ›–’—Ž ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š—
         ˜––ž—’¢ ŽŸŽ•˜™–Ž— Š— ‘Ž Šœ˜— Ž™Š›–Ž— ˜ •Š——’— Š—
         ˜––ž—’¢ ŽŸŽ•˜™–Ž—  ’•• ‹Ž ŸŽ›’’Ž ‹Ž˜›Ž ‘Ž Ž¡ŽŒž’˜— ˜ ž›Œ‘ŠœŽ Š—
      Š•Ž
        •’’‹’•’¢ ˜› ž—’ ’—Œ•žœ’˜— ˜— ‘Ž ž‹œ’’£Ž 
˜žœ’— —ŸŽ—˜›¢ Šœ ŽŽ›–’—Ž
      ‹¢ ‘Ž œŠŽ Ž™Š›–Ž— ˜ 
˜žœ’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— Š— ‘Ž
        Šœ˜— Ž™Š›–Ž— ˜ •Š——’— Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž—  ’•• ‹Ž ŸŽ›’’Ž
      ‹Ž˜›Ž ‘Ž Ž¡ŽŒž’˜— ˜ ž›Œ‘ŠœŽ Š— Š•Ž Š— ŠŠ’— ‹Ž˜›Ž Œ•˜œ’— ›Š— –˜—’Žœ
       ’•• —˜ ‹Ž ’œ‹ž›œŽ ’ Š—¢ Šœ™ŽŒ ˜ ‘Ž ™›˜™Ž›¢ ‘Ž ’—Š—Œ’— ˜› ‘Ž
      ›Š—œŠŒ’˜—  ˜ž• ™›ŽŒ•žŽ ‘Ž ž—’ ›˜– ’—Œ•žœ’˜— ˜— ‘Ž ž‹œ’’£Ž 
˜žœ’—
      —ŸŽ—˜›¢
         •• ™›˜™Ž›¢ ›Š—œŠŒ’˜— ˜Œž–Ž—œ –žœ ‹Ž ™›˜Ÿ’Ž ˜ ‘Ž Šœ˜— Ž™Š›–Ž—
      ˜ •Š——’—        ˜––ž—’¢ ŽŸŽ•˜™–Ž— Š— Š™™›˜ŸŽ ’— ŠŸŠ—ŒŽ ˜ ‘Ž Œ•˜œ’—
      ’— ˜›Ž› ˜› ‘Ž ™Š›’Œ’™Š— ˜ ŠŒŒŽœœ ‘Ž ‘˜–Ž ™ž›Œ‘ŠœŽ ›Š— ‘ŽœŽ –Š¢ ’—Œ•žŽ
      ‘Ž ˜Ž› ‘Ž ™ž›Œ‘ŠœŽ Š— œŠ•Žœ Š›ŽŽ–Ž— ’—œ™ŽŒ’˜— ›Ž™˜› œ Š™™›Š’œŠ•
      ’—Š—Œ’— Œ˜––’–Ž— –ž—’Œ’™Š• •’Ž— ŒŽ›’’ŒŠŽ ™•˜ ™•Š— ’•Ž Ž¡Š–’—Š’˜—
      Š˜›Š‹•Ž ‘˜žœ’— ›Žœ›’Œ’˜— 
         œŽ•Ž–Ž— œŠŽ–Ž— Š— ŽŽ




                                          17
                  
                        


                                     ’œŒ•˜œž›Žœ

•     Ž› Œ•˜œ’— ‹ž¢Ž›œ ˜ Œ˜—˜–’—’ž–œ  ’•• ‹Ž ŠœœŽœœŽ Š—  ’•• ‹Ž ›Žœ™˜—œ’‹•Ž
    ˜› ™Š¢–Ž— ˜ Š –˜—‘•¢ Œ˜—˜–’—’ž– ŽŽ
•     Ž› Œ•˜œ’— ‹ž¢Ž›œ  ’•• ‹Ž ›Žœ™˜—œ’‹•Ž ˜› Š•• ™›˜™Ž›¢ Š¡Žœ Š¡Žœ –Š¢ ‹Ž œŽ
    ˜› ‘Ž ŠœœŽœœŽ –Š›”Ž ›ŠŽ ˜ ‘Ž ‘˜–Ž ž—’• ‘Ž ŠœœŽœœ–Ž— Œ¢Œ•Ž ›ŽžŒŽœ ‘Ž
    ŠœœŽœœŽ ŸŠ•žŽ ˜ ‘Ž  Ž••’— ˜ ›Ž•ŽŒ ‘Ž Š˜›Š‹’•’¢ ›ŽœŠ•Ž ›Žœ›’Œ’˜—
•     •• ™›˜™Ž›’Žœ ™ž›Œ‘ŠœŽ ž—Ž› ‘’œ ™›˜›Š–  ’•• ‹Ž ›Žšž’›Ž ˜ ’—Œ•žŽ ‘Ž
    ŠœœŠŒ‘žœŽœ ˜ŒŠ• —’’Š’ŸŽ ›˜›Š– ŽŽ ’Ž› Šœ ™Š› ˜ ‘Ž ›ŽŒ˜›Ž ’•Ž
    Œ˜—’’˜—œ ‘Ž ŠœœŠŒ‘žœŽœ ˜ŒŠ• —’’Š’ŸŽ ›˜›Š– ŽŽ ’Ž› •’–’œ ‘Ž
    ›ŽœŠ•Ž ™›’ŒŽ ˜ ‘Ž ™›˜™Ž›¢ Š— ›Žšž’›Žœ ‘Š ’ ‹Ž œ˜• ˜ Š ™›˜›Š– Ž•’’‹•Ž
    ‹ž¢Ž› ‘Ž ŽŽ ›Žœ›’Œ’˜— ’—œž›Žœ ‘Š ‘Ž ™›˜™Ž›¢ ›Ž–Š’—œ Š˜›Š‹•Ž ’—
    ™Ž›™Žž’¢ Š— ›Žšž’›Žœ ™›Ž Š™™›˜ŸŠ• ›˜– ‘Ž ŠœœŠŒ‘žœŽœ ˜ŒŠ• —’’Š’ŸŽ
    ›˜›Š– Š— ‘Ž ˜ — ˜ Šœ˜— ˜› ›Ž’—Š—Œ’— Š— ŒŠ™’Š• ’–™›˜ŸŽ–Ž—œ  ’œ
    œ›˜—•¢ ›ŽŒ˜––Ž—Ž ‘Š Š™™•’ŒŠ—œ ›ŽŸ’Ž  ‘Ž ™›˜Ÿ’œ’˜—œ ˜ ‘Ž ŽŽ ’Ž›
     ’‘ ‘Ž’› ˜ — Š˜›—Ž¢ ˜ Ž—œž›Ž ‘Š ‘Ž¢ ž—Ž›œŠ— ’œ ›Žšž’›Ž–Ž—œ




                                        18
                    
                       

                                  ˜›ŠŽ ™’˜—œ

›˜›Š– ™Š›’Œ’™Š—œ –Š¢  ˜›”  ’‘ Š—¢ •Ž—Ž› ˜ ‘Ž’› Œ‘˜˜œ’— ˜ ˜‹Š’— Š –˜›ŠŽ
‘’œ •’œ ˜ •Ž—Ž›œ ’œ ™›˜Ÿ’Ž ˜› ’—˜›–Š’˜—Š• ™ž›™˜œŽœ ˜—•¢ Š›’Œ’™Š—œ Š›Ž
›Ž–’—Ž ‘Š ‘Ž¢ Š›Ž —˜ ›Žšž’›Ž ˜ ˜‹Š’— ‘Ž’› –˜›ŠŽ ›˜– ‘Ž œŠ–Ž •Ž—Ž› ‘Š
’œœžŽ ‘Ž’› ™›Ž Š™™›˜ŸŠ• Š— –Š¢  ’œ‘ ˜ œ™ŽŠ”  ’‘ –˜›Ž ‘Š— ˜—Ž •Ž—Ž›  ‘Ž—
™›Ž™Š›’— ˜ Œ•˜œŽ ˜— Š ‘˜–Ž ˜ ’— ‘Ž ‹Žœ ŽŠ• ‘Ž‘Ž›  ˜›”’—  ’‘ ˜—Ž ˜ ‘Ž
•Ž—Ž›œ •’œŽ ‹Ž•˜  ˜› —˜ ™Š›’Œ’™Š—œ Š›Ž Ž—Œ˜ž›ŠŽ ˜ œ™ŽŠ”  ’‘ ‘Ž’› •Ž—Ž›
Š‹˜ž ‘Ž ˜••˜ ’— –˜›ŠŽ ™›˜žŒœ

ŠœœŠŒ‘žœŽœ 
˜žœ’— Š›—Ž›œ‘’™ ˜ ŽŒ˜— ›˜›Š–
‘™     –‘™ —Ž ‘˜–Ž˜ —Ž›œ‘’™ ‘˜–Ž‹ž¢Ž› ’—Ž¡ ™‘™

Šœœ
˜žœ’— ˜›ŠŽœ Š— ˜  ˜Š—œ
‘™œ     –Šœœ‘˜žœ’— Œ˜– ™˜›Š• œŽ›ŸŽ› ™ ˜™Ž—      ˜‹“             ™Š›Ž——Š–Ž     ˜
––ž—’¢ŠŽ ™Š›Ž—’   –˜Ž     ’— ‘’ žœŽ›’    ŒŠŒ‘Ž ›žŽ

‘Ž ˜••˜ ’— •Ž—Ž›œ Š›Ž Š Š›Ž ˜ ‘Ž Šœ˜— 
˜–Ž‹ž¢Ž› œœ’œŠ—ŒŽ ›˜›Š– Š—
’œœžŽ –˜›ŠŽœ ‘Š Š›Ž Œ˜–™Š’‹•Ž  ’‘ ™›˜›Š– ›Žšž’›Ž–Ž—œ


Š›‹˜› —Ž ›Ž’ —’˜—      ›˜Œ”˜—              ’•ŽœŽ¡ ŠŸ’—œ
 Š›‹Š›Š ›ŠŸŽ•’—Ž                                 Š›•Ž—Ž ‘˜–Šœ



 ˜œ˜— ›’ŸŠŽ Š—”                                Š—” ˜ Š—˜—
 ’Š—Š Š›ŸŠ“Š• 
’›œŒ‘                             
Ž•Ž— Š–‹›˜™˜ž•˜œ

 ŒŠ›ŸŠ“Š• ‘’›œŒ‘ ‹˜œ˜—™›’ŸŠŽ‹Š—” Œ˜–

˜ŸŽ›Ž’— Š—”     ˜¡‹˜›˜ž‘ ’ŒŽ                 ›’œ˜• ˜ž—¢ ŠŸ’—œ

ŽŸ’— ˜——˜••¢                                    Ž——’Ž› •’Ž•

”Œ˜——˜•   œ˜ŸŽ›Ž’—‹Š—” Œ˜–                      Ž— •’Ž• ‹Œœ‹–Š’• Œ˜–

      ’›ŽŒ ˜Š— ›˜›Š–
’Œ’Š ŽŠ›Ž
              Ž¡   Šœ” ˜› ’—˜›–Š’˜— Š‹˜ž
‘Ž ’›ŽŒ ž›Š• 
˜žœ’— ˜Š— ™›˜›Š–




                                          19
 
              




                  20
                      
                             



˜–Ž‹ž¢Ž› ˜ž›œŽœ

Š›’Œ’™Š—œ ’— ‘Ž 
˜–Ž‹ž¢Ž› œœ’œŠ—ŒŽ ›˜›Š– Š›Ž ›Žšž’›Ž ˜ ŠŽ— Š ‘˜–Ž‹ž¢Ž›
Œ˜ž›œŽ Š Š— ˜›Š—’£Š’˜— ŒŽ›’’Ž ž—Ž› ‘Ž ŠœœŠŒ‘žœŽœ 
˜–Ž˜ —Ž›œ‘’™
  ˜••Š‹˜›Š’ŸŽ ¢ ™Š›’Œ’™Š’— ’— Š ™›Ž ™ž›Œ‘ŠœŽ ‘˜–Ž‹ž¢Ž› Œ˜ž›œŽ ™›˜œ™ŽŒ’ŸŽ ‹ž¢Ž›œ
•ŽŠ›— Š‹˜ž ‘Ž Ž—’›Ž ‘˜–Ž ‹ž¢’— ™›˜ŒŽœœ ’—Œ•ž’— ‘˜  ˜ ŽŠ•  ’‘ Œ›Ž’ ’œœžŽœ
 ˜›”’—  ’‘ Š ›ŽŠ• ŽœŠŽ ŠŽ— Š™™•¢’— ˜› Š –˜›ŠŽ Š— –˜›Ž Š›’Œ’™Š—œ –Š¢
Š•œ˜ ‹Ž Š‹•Ž ˜ ŠŒŒŽœœ œ™ŽŒ’Š• –˜›ŠŽ ™›˜žŒœ Š— ˜‘Ž› ‘˜–Ž‹ž¢Ž› œŽ›Ÿ’ŒŽœ

  Ž•˜  ’œ Š •’œ ˜ —ŽŠ›‹¢ ˜›Š—’£Š’˜—œ ˜Ž›’— Š™™›˜ŸŽ ‘˜–Ž‹ž¢Ž› Œ˜ž›œŽœ ˜–Ž
–Š¢ Œ‘Š›Ž Š œ–Š•• ŽŽ ˜› ™Š›’Œ’™Š’˜—      œŠŽ ’Ž •’œ ˜ ˜›Š—’£Š’˜—œ ’œ ŠŸŠ’•Š‹•Ž
›˜– ‘Ž ’’£Ž— œ 
˜žœ’— •Š——’— œœ˜Œ’Š’˜—  Ž‹œ’Ž Š     Œ‘Š™Š ˜›

˜ž‘ ‘˜›Ž 
˜–Ž‹ž¢Ž› ˜ž›œŽœ

›˜ 
˜–Ž Šž—˜—


Ž’‘‹˜›‘˜˜ 
˜žœ’— Ž›Ÿ’ŒŽœ ˜ ‘Ž ˜ž‘ ‘˜›Ž              ›˜Œ”˜—   ž’—Œ¢


˜ž‘ ‘˜›Ž 
˜žœ’—      ŽŸŽ•˜™–Ž— ˜›™˜›Š’˜— 
’—œ˜—


 ’¢ ˜ Ž  Ž˜› 
˜žœ’—         Ž’‘‹˜›‘˜˜        ŽŸŽ•˜™–Ž— Ž  Ž˜›


 Š•• ’ŸŽ›   ˜›Š‹•Ž 
˜žœ’— ˜›™˜›Š’˜—         Š•• ’ŸŽ›


•¢–˜ž‘ ŽŽŸŽ•˜™–Ž—        ž‘˜›’¢ •¢–˜ž‘
             ¡




  ˜—’—žŽ ˜— ˜••˜ ’— ™ŠŽ




                                             21
                       
                       

 ˜œ˜— ›ŽŠ 
˜–Ž‹ž¢Ž› ˜ž›œŽœ
 ••œ˜— ›’‘˜— ˜––ž—’¢ ŽŸŽ•˜™–Ž— ˜›™˜›Š’˜—               ••œ˜— Š— ›’‘˜—
              Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘

 œ’Š—       –Ž›’ŒŠ— ’Ÿ’Œ    œœ˜Œ’Š’˜—   ˜œ˜—


 œ’Š— ˜––ž—’¢ ŽŸŽ•˜™–Ž— ˜›™˜›Š’˜— ˜œ˜—
          ¡    Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— Š—˜—ŽœŽ Š— Š—Š›’— ˜—•¢

 ˜œ˜— 
˜–Ž Ž—Ž›           ’¢ ˜ ˜œ˜—    Ž™ ˜ Ž’‘‹˜›‘˜˜   ŽŸŽ•˜™–Ž—


ŠœœŠŒ‘žœŽœ       ˜›Š‹•Ž 
˜žœ’— ••’Š—ŒŽ ˜›Œ‘ŽœŽ›
                  ¡     Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘

Ž’‘‹˜›‘˜˜ ˜ ˜›Š‹•Ž 
˜žœ’— Šœ ˜œ˜—
             Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘

žŽœ›Š ˜–ž—’Š           ŽŸŽ•˜™–Ž— ˜›™˜›Š’˜— ˜¡‹ž›¢


›‹Š— Ž 
˜žœ’— ˜›™˜›Š’˜— ˜¡‹ž›¢
            Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘

’Ž          ˜›Œ‘ŽœŽ›
                 ¡    Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ’Ž—Š–ŽœŽ

 ‘Ž•œŽŠ Žœ˜›Š’˜— ˜›™˜›Š’˜—
               Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘

ž’—Œ¢ ˜––ž—’¢            Œ’˜— ›˜›Š–œ


˜–Ž›Ÿ’••Ž ˜––ž—’¢ ˜›™˜›Š’˜—
             Œ•ŠœœŽœ ŠŸŠ’•Š‹•Ž ’— ™Š—’œ‘ Š— ˜›žžŽœŽ

  
             Š•‘Š–




                                                 22
     
               





˜–Ž‹ž¢Ž›        œœ’œŠ—ŒŽ ›˜›Š–


       ™™•’ŒŠ’˜—                ˜›–œ




                      23
                       
                            

                                      Applicant Checklist
Use this to confirm that you have provided all application materials before submitting.
Required Forms:

□      Application (signed by applicant & any co-applicant(s))

□      Applicant(s) Certification

□      Acknowledgements (last page, Local Initiative Program (LIP) Homebuyer Disclosure
       Statement)

Required Documentation (one copy of each):

□      Federal tax returns as filed for 2008, 2009, 2010 and 2011 (if available), for all members
       of the household over the age of 18 [do not send Mass. state taxes].

□      W2 and/or 1099-R forms as filed for 2008, 2009, 2010 and 2011 (if available) for all
       members of the household over the age of 18.

□      Asset Statement(s): Current statements including most recent 5 months for: checking
       accounts (full statement showing activity/every page front and back); saving accounts
       (full statement); investment accounts including retirement; certificate of deposit; money
       markets; stocks/bonds; property; down payment gift amount etc.

□      Five (5) consecutive pay stubs ending within one month of unit application for all jobs
       (check/direct deposit stubs). Must include five stubs whether paid weekly, bi-weekly etc.
       Provide for all salaried employed household members over 18. For unemployment,
       copies of unemployment checks or DOR verification stating benefits received.

□      Mortgage pre-approval




(continued)




                                               24
                       
                            

                               Applicant Checklist (continued)

If applicable (one copy of each):

□      If you owned a home within the past 3 years but it was sold due to a divorce provide copy
       of divorce or separation papers and proof of the home sale showing equity received.

□      If you intend to utilize a gift from a family member to assist with the down payment,
       please advise us of the gift amount with the name and telephone number of the person
       providing the gift.

□      Proof of student status for dependent household members over age of 18 and full-time
       students.

□      Social Security: official statement of monthly amount received for year in review and
       statement of total amount received for latest tax year.

□      Pension: statements indicating amount received for year in review and statement of total
       amount received for latest tax year.

□      Last consecutive three months statements and documents that indicate the payment
       amounts from all other sources of income of all members listed on the application, such
       as alimony and/or child support, Workman's Compensation, alimony, disability or death
       benefits and any other form of income – on organization letterhead

□      Documentation regarding current interest in real estate, or settlement statement(s) for any
       real estate/property sold within last 3 years

□      No Income Statement, signed and notarized, for any household member over 18 with no
       source of income




(continued)




                                               25
                       
                            

                                Applicant Checklist (continued)
Please bring a copy of the following Mortgage Guidelines to your lender:

   Mortgages must be obtained from a bank, credit union or government entity operating in
   Massachusetts. Mortgages obtained through on-line services do NOT satisfy this
   requirement. Lenders must be able to work with property deed rider restrictions.
   Non-household members are not permitted as co-signers of the mortgage.
   The state Department of Housing and Community Development (DHCD) or its designee
   must review and approve the terms of the buyer’s mortgage financing. The mortgage must
   comply with DHCD requirements, including, but not limited to, the following:
   Mortgages for homes purchased through the program must be obtained from a bank, credit
   union or government entity operating in Massachusetts. Mortgages obtained through on-line
   services do NOT satisfy this requirement. Lenders must be able to work with property deed
   rider restrictions.
   Non-household members are not permitted as co-signers of the mortgage.
   The state Department of Housing and Community Development (DHCD) or its designee
   must review and approve the terms of the buyer’s mortgage financing. The mortgage must
   comply with DHCD requirements, including, but not limited to, the following:
       ▫ The loan must have a fixed interest rate through the full term of the mortgage.
       ▫ The loan must have a current fair market interest rate. (No more than 2 percentage
           points above the current Masshousing Rate: (617) 854-1000 or
           www.masshousing.com)
       ▫ The interest rate must be locked in – not floating.
       ▫ The buyer must provide a down payment of at least 3%, 1.5% of which must come
           from the buyer’s own funds.
       ▫ The loan can have no more than 2 points.
       ▫ The buyer may not pay more than 38% of their monthly income for monthly housing
           costs.
       ▫ Loans from non-institutional lenders will not be accepted.
       ▫ FHA will no longer accept the deed rider that survives foreclosure.
       ▫ DHCD will prepare a LIP Deed Rider, Maximum Resale Price Multiplier Certificate
           and LIP Mortgage to be recorded at the closing.
   (Note that these requirements are set by the state Department of Housing & Community
   Development (DHCD) and are subject to change. See DHCD’s latest version of the LIP
   Guidelines for updated information.)

Additional documentation may be requested as a condition of qualifying for this program.
Applicants selected to participate must submit additional documentation, including confirmation of
completing an approved homebuyer training program and purchase closing documents. Your
application and all materials you provide will be reviewed by Easton’s Department of Planning &
Community Development, the program’s consultant and the state Department of Housing &
Community Development.




                                                26
                       
                       

                                           Application



Applicant Legal Name ______________________ Phone Number ___________

E-mail Address ___________________

Address _________________________________ City ____________________

State/Zip _________________

Co-Applicant Legal Name ____________________ Phone Number ___________

E-mail Address __________________

Address __________________________________ City ____________________

State/Zip ________________

I learned of this program from (check all that apply):

Website: __ Advertisement: __ Other: __

Please specify (for any source): ____________________________________________________


Signature:


______________________________________________________________________________
(Applicant)                         (Date)            (Print Name)


______________________________________________________________________________
(Co-Applicant or Applicant’s spouse) (Date)           (Print Name)




                                                27
                       
                             

Number of Bedrooms Needed: ___________

List all members of your household including yourself:
Names of all Persons to Reside in Dwelling      Relation           Age      Date of
(First Name, Middle Initial, Last Name)         to Head                      Birth

HEAD

2

3

4

5



Property - Do you own or have an interest in any real estate, land and/or mobile home?
Yes ( ) No ( )
If yes:
Address: ______________________________________

Current Value: $_____________________
Have you sold real estate or other property in the past three years?
Yes ( ) No ( )
If yes, attach settlement statement

When: ________________ Address: _________________________________

Sale Price: $__________________________




                                                28
                        
                            

Income - List all income of all members over the age of 18 listed on application to reside in the
unit, such as wages, child support, Social Security benefits, all types of pensions, employment,
Unemployment Compensation, Workman's Compensation, alimony, disability or death benefits
and any other form of income; including rental income from property. Adults with no income are
required to submit a notarized statement. If you need additional space, please attach another
sheet.

#            Source of Income              Address/Phone# of Source           Amount per Year
1                                                                             $
2                                                                             $
3                                                                             $
4                                                                             $
5                                                                             $
                                                                   TOTAL $

Assets - List all checking, savings accounts, CD’s, stocks, bonds, retirement accounts, savings
bonds and any other investments below. If additional space is needed, please attach another
sheet. Household assets do not include necessary personal property.

#             Type of Asset                         Account No                    Value, Balance
1   Checking account                                                          $
2   Savings account                                                           $
3   Retirement account                                                        $
4   Other:                                                                    $
5   Other:                                                                    $
6   Other:                                                                    $
                                                                   TOTAL $

If you have questions, call or email Tim Harrigan: (508) 230-0645 or tharrigan@easton.ma.us.

Return completed application and all required documentation to:

Tim Harrigan
Department of Planning & Community Development
Easton Town Offices
136 Elm St.
Easton, MA 02356



                                               29
                             
                                      

                                            Applicant(s) Certification
I/We certify that our household size is _____ persons, as documented herein.

I/We certify that our total household income equals $____________, as documented herein.

I/We certify that our household has assets totaling $_____________, as documented herein.

I/We certify that no member of our household has owned real estate in the last 3 years, or if so, that each
individual(s) having owned real estate in the last 3 years meets at least one of the exceptions noted in the
“Participant Eligibility” published for this program.

I/We certify that the information in this application and in support of this application is true and correct to the best of
my/our knowledge and belief under full penalty of perjury. I/We understand that false or incomplete information
may result in disqualification from further consideration.

I/We certify that I am/we are not related to members of the Easton Affordable Housing Trust Board, or any party of
this program.

I/We understand that it is my/our obligation to secure the necessary mortgage for the purchase of a home and that all
expenses, including closing costs and down payments, are my/our responsibility. [Lenders must be able to work with
property deed rider restrictions.]

I/We understand that if I/we do not complete the home purchase transaction within 120 days after the notification of
qualification, the grant will be offered to the next eligible applicant on the waiting list.

I/We understand the provisions regarding resale restrictions and agree to the restriction. The unit cannot be
refinanced without prior approval of the Massachusetts Department of Housing and Community Development
(DHCD), no capital improvements can be made without DHCD pre-approval; the unit must be owner's primary
residence; the resale price is calculated according to the deed rider; and an increase in equity is very minimal to
ensure affordability over time; the deed rider remains in effect in perpetuity. [All prospective buyers are advised to
review the deed rider with their own attorney to fully understand its provisions.]

I/We have been advised that a copy of the LIP Universal Deed Rider is available at Easton Town Offices and on the
DHCD website (http://www.mass.gov/hed/docs/dhcd/hd/lip/lipdeedrider.pdf).

I/We understand that if I/we are selected to purchase a home, I/we must continue to meet all eligibility requirements
of DHCD and any participating lender(s) until the completion of such purchase. I/We understand that I/we must be
qualified and eligible under any and all applicable laws, regulations, guidelines, and any other rules and
requirements.

Your signature(s) below gives consent to Easton’s Department of Planning & Community Development or its
designee to verify information provided in this application. The applicant agrees to provide additional information
on request to verify the accuracy of all statements in this application. No application will be considered complete
unless signed and dated by the Applicant/Co-Applicant.

_________________________________________________________________________________________
Applicant Signature                                                     Date

_________________________________________________________________________________________
Co-Applicant or Applicant’s Spouse Signature                            Date




                                                            30
                     KEEP THIS DOCUMENT ACCESSIBLE
               IT CONTAINS VALUABLE CONTACT INFORMATION



                      LOCAL INITIATIVE PROGRAM (LIP)
                    HOMEBUYER DISCLOSURE STATEMENT


This Homebuyer Disclosure Statement summarizes your rights and obligations in purchasing
this home. You are about to purchase a home located at
______________________________, in __________________, Massachusetts (the
“Municipality”) at less than the home’s fair market value, under the Local Initiative Program
(LIP). When you sell the home, that same opportunity will be given to the new buyer. In
exchange for the opportunity to purchase the home at less than its fair market value, you
must agree to certain use and transfer restrictions. These restrictions are described in detail
in a LIP Deed Rider that will be attached to the deed to your home and recorded at the
Registry of Deeds. .

PLEASE REMEMBER:

   •   You must occupy this home as your primary residence;

   •   You must obtain consent from the Department of Housing and Community
       Development (DHCD) and the Municipality [and ____________ (if another
       monitoring agent is listed)] (together they are referred to as the “Monitoring Agents”
       in this Homebuyer Disclosure Statement) before renting, refinancing or granting any
       other mortgage, or making any capital improvements to your LIP home;

   •   You must give written notice to the Monitoring Agents when you decide to sell your
       property.

The contact information for the Monitoring Agents is listed in the LIP Deed Rider.

Please read the LIP Deed Rider restriction in its entirety because it describes and imposes
certain important legal requirements. It is strongly recommended that you consult an
attorney to explain your legal obligations and responsibilities.




                                              31
                                                                                               2


Primary Residence

You must occupy your LIP property as your primary residence.


Renting, Refinancing and Capital Improvements

You must obtain the prior written consent of the Monitoring Agents before you do any of
the following:

           •   Rent your LIP home;

           •   Refinance an existing mortgage or add any other mortgage including a home
               equity loan; or

           Make any Capital Improvements (for example, a new roof or a new septic system
           – see attached Capital Improvements Policy) if you wish to get credit for those
           costs (at a discounted rate) when you sell your home.

Before taking any action, please contact DHCD for instructions on renting, mortgaging, or
making capital improvements to your home. If you do not obtain the required consent
from the Monitoring Agents, you can be required to pay all of the rents or proceeds from
the transaction to the Municipality.


Resale Requirements

When you sell your home, you are required to give written notice to the Monitoring Agents
of your desire to sell so that they may proceed to locate an Eligible Purchaser for your LIP
home. Your sale price will be computed by DHCD based on the formula set forth in the
LIP Deed Rider to reflect your original purchase price plus certain limited adjustments.

The allowed sale price is defined as the “Maximum Resale Price” in the LIP Deed Rider. It
is calculated by adjusting the purchase price you pa id for the home to reflect any change in
the area median income from the time you purchased the LIP home to the time of the resale
plus:

       (a) The Resale Fee as stated in the LIP Deed Rider;

       (b) Approved marketing fees, if any; and

       (c) Approved Capital Improvements, if any.

The Maximum Resale Price can never be more than the amount which is affordable to an
Eligible Purchaser earning 70% of the area median income, as determined by a formula set
forth in the LIP Deed Rider. The sales price will also never be less than the purchase price
you paid, unless you agree to accept a lower price.



                                             32
                                                                                                3



The Monitoring Agents have up to 90 days after you give notice of your intention to sell the
home to close on a sale to an Eligible Purchaser, or to close on a sale to a Monitoring Agent,
or to a buyer that one of them may designate. This time period can be extended, as
provided in the LIP Deed Rider, to arrange for details of closing, to locate a subsequent
purchaser if the first selected purchaser is unable to obtain financing or for lack of cooperation
on your part.

It is your obligation to cooperate fully with the Monitoring Agents during this resale period.

If an Eligible Purchaser fails to purchase the home, and none of the Monitoring Agents (or
their designee) purchases the home, you may sell the home to a purchaser who does not
qualify as an Eligible Purchaser (in this event, this purchaser is referred to as an ineligible
purchaser), subject to the following:
    (i)      the sale must be for no more than the Maximum Resale Price;
    (ii)     the closing must be at least 30 days after the closing deadline described above;
    (iii)    the home must be sold subject to a LIP Deed Rider; and
    (iv)     if there are more than one interested ineligible purchasers, preference will be
             given to any purchaser identified by DHCD as an appropriately-sized household
             whose income is more than 80% but less than 120% of the area median income.

Any sale by you to an Eligible Purchaser, or to an ineligible purchaser (as described in the
LIP Deed Rider), is subject to the normal and customary terms for the sale of property,
which are set forth in the LIP Deed Rider and which will be included in your Purchase and
Sale Agreement. .

There is no commitment or guarantee that an Eligible Purchaser will purchase the LIP
home, or that you will receive the Maximum Resale Price (or any other price) for your sale of
the LIP home.

A sale or transfer of the home will not be valid unless (1) the total value of all consideration
and payments of every kind given or paid by the selected purchaser do not exceed the
Maximum Resale Price, and (2) the LIP Compliance Certificate that confirms that the sale or
transfer was made in compliance with the requirements of the LIP Deed Rider is executed
by the Monitoring Agents and recorded at the Registry of Deeds by the closing attorney.

If you attempt to sell or transfer the home without complying with the LIP Deed Rider
requirements, the Monitoring Agents may, among their other rights, void any contract for
such sale or the sale itself.




                                               33
                                                                                             4


Foreclosure

In the event that the holder of a mortgage delivers notice that it intends to commence
foreclosure proceedings, the LIP Deed Rider gives the Municipality an option to purchase
the home (or to designate another party to purchase the home) for a period of 120 days after
notice of the Lender’s intent to foreclose.

If this foreclosure purchase option is exercised, the purchase price will be the greater of (i)
the amount of the outstanding balance of the loan secured by the mortgage, plus the
outstanding balance of the loans secured by any mortgages senior in priority, up to the
Maximum Resale Price as of the date the mortgage was granted, plus any future advances,
accrued interest and/or reasonable costs and expenses that the mortgage holder is entitled to
recover, or (ii) the Maximum Resale Price at the time of the foreclosure purchase option,
except that in this case the Maximum Resale Price may be less than the purchase price you
paid. By signing the LIP Deed Rider, you are agreeing that you will cooperate in executing
the deed to the Municipality (or its designee) and any other required closing documents.

If the foreclosure purchase option has not been exercised within 120 days of delivery of the
foreclosure notice to the Monitoring Agents, the mortgage holder may conduct a foreclosure
sale. The mortgage holder or an ineligible purchaser may purchase the home at the
foreclosure sale, subject to the LIP Deed Rider.

If the sale price at the foreclosure sale is greater than the purchase price that would have
applied for the Municipality’s foreclosure purchase option as described above, the excess will
be paid to the Municipality. By signing the LIP Deed Rider, you are agreeing to assign any
rights and interest you may otherwise have in the balance of any foreclosure proceeds
available after satisfaction of all obligations to the holder of the foreclosing mortgagee, for
delivery to the Municipality.

There is no commitment or guarantee that the Municipality will exercise the foreclosure
purchase option, or that your Lender will receive the Maximum Resale Price (or any other
price) in any foreclosure sale of the LIP home. In addition, the foreclosing lender retains the
right to pursue a deficiency against you.


Violation of Restriction Requirements

If you violate any of the Restriction terms, you will be in default and the Monitoring Agents
may exercise the remedies set forth in the LIP Deed Rider.

If one or more of the Monitoring Agents brings an enforcement action against you and
prevails, you will be responsible for all fees and expenses (including legal fees) for the
Monitoring Agent(s). The Monitoring Agent(s) can assert a lien against the home to secure
your obligation to pay those fees and expenses.




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Acknowledgements

By signing below, I certify that I have read this Homebuyer Disclosure Statement and
understand the benefits and restrictions described. I further certify that I have read the LIP
Deed Rider and understand the legal obligations that I undertake by signing that document.

I also certify that I have been advised to have an attorney review this document and the LIP
Deed Rider with me.


Dated ________________, 2011


____________________________ ___________________________________
Homebuyer                        Witness


____________________________ ___________________________________
Homebuyer                        Witness




                           Local Initiative Program (LIP)
                 Department of Housing and Community Development
                          100 Cambridge Street, Suite 300
                                 Boston, MA 02114
                                    617-573-1100




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