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■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■ 'LVSOD\ ,WHP 1766)%(9 1766)( 'LVSOD\OLQHV[FKDUDFWHUV [ &KDUDFWHUKHLJKW PP %DFNOLW /(' (IIHFWLYHGLVSOD\DUHD [PP ,QGLFDWRUV 5HGDQGJUHHQ/('LQGLFDWRUV 1$ 1766)%(9 1766)( 1766)%(9 1766)( 1XPEHURIVFUHHQV 0D[QXPEHURIVFUHHQVLIRQO\WH[W PHVVDJHVDUHXVHGIRUHDFK VFUHHQ$GGLQJIXQFWLRQNH\V VFUROOLQJPHVVDJHVHWFGHFUHDVHV WKHFDSDFLW\ 'DWDIRUPDW +(;%&'2&7%,1VLJQHGXQVLJQHG 2SHUDWRU,QWHUIDFH176 &RQWUROOHGE\3/& ■ )XQFWLRQ.H\V ,WHP 1766)%(9 1766)( 1766)%(9 1766)( 1766)%(9 1766)( $YDLODEOHIXQFWLRQNH\V 1XPEHURIXVHUSURJUDPPDEOH IXQFWLRQNH\V IL[HGIXQFWLRQ *OREDOIXQFWLRQNH\ SURJUDP )XQFWLRQNH\FDQEHSURJUDPPHGIRUJOREDOIXQFWLRQVNH\SURJUDPLV 1$ HIIHFWLYHWKURXJKRXWWKH176SURJUDP/RFDOSURJUDPFDQRYHUULGH /RFDOIXQFWLRQNH\SURJUDP )XQFWLRQNH\FDQEHSURJUDPPHGXQLTXHO\IRUHDFKVFUHHQ 1$ )XQFWLRQNH\ELQDU\DFWLRQ 0RPHQWDU\WRJJOHRQWRJJOHRIIVHWRQVHWRII 1$ )XQFWLRQNH\QXPHULF DFWLRQ 6HWFRQVWDQWYDOXHLQFUHPHQWRUGHFUHPHQWE\DFRQVWDQWYDOXHWR 3/&UHJLVWHU 1$ $UURZNH\V(QWHU&OHDU 1XPHULFHQWU\ 6SHFLDOVFUHHQDOORZVQXPHULFHQ 1XPSDG(QWHU&OHDU WU\LQWRRQHIRUPDWWHGILHOGZKLFKLV DVVLJQHGWRD3/&PHPRU\ORFD WLRQ )XQFWLRQNH\VFUHHQ *OREDOIXQFWLRQNH\DFWLRQVFDQEHOLQNHGWRDIXQFWLRQNH\VFUHHQWKDW 1$ GLVSOD\VXSRQDFWLYDWLRQRIWKDWIXQFWLRQNH\7KLVFDQEHXVHGWRFRQ ILUPIXQFWLRQNH\ 3DVVZRUGSURWHFWDQ\NH\ 3DVVZRUGFDQEHDFWLYDWHGIRUDQ\IXQFWLRQNH\ 1$ ■ &RPPXQLFDWLRQV ,WHP 1766)%(9 1766)( 1766)%(9 1766)( 1766)%(9 1766)( &20SRUW 3URJUDPPLQJDQGSULQWLQJSRUW '%FRQQHFWRU56SRUW 1$ &20SRUW +RVW3/&FRPPXQLFDWLRQV '%FRQQHFWRU&02656SRUW 1$ ■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■ 3ULQW)XQFWLRQV ,WHP 3ULQWVFUHHQ 1766)%(9 1766)( 1766)%(9 1766)( 1766)%(9 1766)( &RQILJXUHVHULDOFRPPXQLFDWLRQVSRUWWRFRPPXQLFDWHZLWKDSULQWHU 3ULQWVFUHHQWH[WDQGGLVSOD\HG3/&GDWDYDOXHVFDQEHSULQWHG 2SHUDWRU,QWHUIDFH176 2SHUDWLRQV ■ 1766)%(9 1766)%( ■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■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■ 2SHUDWRU,QWHUIDFHV 1766)%(9 1766)%(9 1766)%(9 2SHUDWRU,QWHUIDFH176 8QLWPP LQFK 1766)%( 1766)%( 1766)%( 2SHUDWRU,QWHUIDFH176 $//',0(16,2166+2:1$5(,10,//,0(7(567RFRQYHUWPLOOLPHWHUVLQWRLQFKHVGLYLGHE\ 20521(/(&7521,&6//& 2QH&RPPHUFH'ULYH 6FKDXPEXUJ,/ )RU86WHFKQLFDOVXSSRUWRURWKHULQTXLULHV 20521&$1$'$,1& 2052121/,1( *OREDOKWWSZZZRPURQFRP 86$KWWSZZZRPURQFRPRHL &DQDGDKWWSZZZRPURQFD 0LOQHU$YHQXH 7RURQWR2QWDULR0%9 &DW1R3)$' 6SHFLILFDWLRQVVXEMHFWWRFKDQJHZLWKRXWQRWLFH 2SHUDWRU,QWHUIDFH176 3ULQWHGLQ86$