7/30/2019 leo 12.12

1/52

\IOKE BE HFE

GFSXXBLFE9

HKF @FSXFE SOI\S$

FWFEXS ' _ABS APJXF

LF\BDX BVGHFP GFKFP@BEBEF9

CDV@COFGS @DFK@FE LFDBSSFEFVPF EP% 2 GPHBS EBCOXDF@FE

HFP FKE]KLF BPX[^DBEFPAKX HFA XPBA^FD^GBH

HKFGBJXFE

'HBXFE]VA

BKHS

\FDX

XBL

0>20

Bvslb`f 20%20|||%dfi!ablb}ke%hf

KEXFPWKF\=

JF(OBHKSEF[VEHKCO\FPHFEHKF\FDX

PFLKFPFE"

7/30/2019 leo 12.12

2/52

7/30/2019 leo 12.12

3/52

Dkf`f Dfsfp veh Dfsfpkeefe

ke hkfsfe Xblfe gfkfp hbs \ip `fskeedkco |kfhfp gpodkcof Vpseh% Fke

fofp pfgdfxobg lf`pbvcofs \fkoebcos!Bhmfjkw$ hbs si lbp ekco ke vesfpf

]fk ~bssfe |kdd% Hfp \vesco ebco @fskeedkcojfk ks }|bp ebcowidd}kfo`bp$

b`fp kplfeh|kf pfbdksgfpe$ hfee ke hfp pkcoklfe \fd avfe |kp ves sfd`sbe hfe fescodfveklfe \fkoebcosgfkfpblfe jbva afop fcof Pfgdfxkie

}v% Hb`fk sehf fs ves lv be$ fkeabd fpesobg `fp vesfpfe veh hfe

]vsbeh vesfpfp Ciaavek{ ebco}vhfejfe% Hbs lkd `pklfes bvco gp ves bds Ablb}ke!Abcofp= Hkf bjvfddf Jpksf ke

hfe pke!Afhkfe kejdvskwf hfp ^pke}!^dfkf abco jdbp= Sbhablb}kef skeh jfkef Sfd`swfpsehdkcojfk afop scoie

lbp ekco$ |fee skf lpbks fpscofkefe% Hb lkd fs behfpf \flf }v lfofe$ efvf Spbflkfe }v fe|kcjfde veh kaafp

|kfhfp `fp hkf Dblf veh hkf @fhpgekssf hfp S}fef ebco}vhfejfe$ hbak abe ke ]fkfe hklkbdfp Scoefddkl! veh

I`fpgdcodkcojfk ekco `fpgdsskl fpscofke% Vasi afop abco fs ves sid}$ hbss DFI ebco |kf wip bvg si wkfd Pfsi!

ebe} veh @fbcovel s veh bds lfpe lfsfofefp @fldfkfp hvpco hbs pisbpif Aecofe |boplfeiaafe |kph% Fke

ofp}dkcofp Hbej lfo hbofp be hkfsfp Sfddf be bddf$ hkf ves vefps}fe veh ak Di` ihfp Jpkkj fldfkfe% \kp gpfvfe

ves$ hkf rvffpf Ciaavek{ bvco ka jiaafehfe Mbop ak Kegis veh Vefpobdvel wfpsiplfe }v jeefe"

Ka Ebafe hfs LSD Afhkb!Wfpdbls veh sfkefp Akbp`fkfpKeefe |escofe |kp bddfe DFI!Dfsfpe veh Dfsfpkeefe

si|kf vesfpfe Jvehkeefe veh Jvehfe fkef |vehfp`bpf$ lfpe bvco |bopobg `fskeedkcof$ \fkoebcos}fk"

@fpeh Addfp /Pfhbjkie+ veh Mpl Lbpsjb /Abpjfkel+

Afke Aecofe Sfkxf 8

Avsx obwfSfkxf

7Xofab Sfkxf ?

@fbvxkgvd ^fi~df Sfkxf 2?

Bvslfofe Sfkxf 0>

Jvdxvp Sfkxf 07

^pilpbaa Sfkxf 38

Ka~pfssva Sfkxf 3?

Ckx{ Lvkhf Aecofe Sfkxf 87

Pfksf Sfkxf 8?

^bbpsfkxf Sfkxf 6>

BVS HFA KEOBDX

6Ksx fp fke Sco|vdfe obssf p9Fke Siel wie _bwkfp Ebk!hii veh Jiid Sbwbs dssxiggfe`bp xkfg dkcjfe veh siplxfekcox evp ke hfp S}fef!^pfssf gp\kp`fd% \kp sblfe fvco$ |bs hkf

Selfp }v hfe Wip|p gfe sblfe%

27

Hbs Hvi Lkxxk ' Fpkjb /hkf dxfpfe|fphfe skco fpkeefpe%%%+ skeh }|fk

hfp Scodblfp!Sxfpecofe fka\fkoebcoxsabpjx kej Copksxabs% \bs ka pisb!pixfe \kexfp!\iehfpdbeh hfs Ldicjfe`bcowkfp!xfds bvfphfa ~bsskfpx$ fpgbop x kop okfp%

8;Mbjf Lfefsks ksx fke bvg!sxfkl fehfp Sxfpe ba^ipei!Okaafd% Gp hbs

Ldiss! Ablb}ke fscod ~gxf hfp bddlfa fkelvx `fsxcjxf Ofpp hfpSco~gv el kes @bxabe!Jisxa veh }fklx ves$

|kf sf{ hkf afescodkcofGdfhfpabvs bvssfofejeexf%

VESFPF PV@PKJFE

KEOBDX

dfi20%0>20 3

\IOKEBEHFE

GFSXXBLFE9

HKF @FSXFESOI\S$

FWFEXS '_ABS APJXF

LF\BDXBVG

HFPGFKFP@BEBEF9

CDV@COFGS@DFK@FE LFDBSSFE

FVPFEP%2GPHBSEBCOXDF@F

E

HFP FKE]KLF ^BPX[DBEFP

AKX HFAXPBA^FD^GBH

HKFGBJXFE

'HBXFE]VA

BKHS\FDX

XBL

0>20

Bvslb`f20%20

|||%dfi!ablb}ke%hf

KEXFPWKF\=

JF(OBHKSEF[ VEH KCO

\FPHFE HKF \FDX

PFLKFPFE"

d iY Y > YV%kehh

6% % 6=8

Fs |fkoebcoxfx sfop ebxpdkco bvco ke vesfpfpHf}fa`fpbvslb`f" Ef`feXk~~s veh Xfpakefe }vp

Bhwfexs}fkx lf`fe |kp fvco Kegipabxki!efe }va \fdx!Bkhs!Xbl veh pfhfe akx^i~!Sxbp Jf(ob `fp hbs f|klf Df`fe%

?Vesfp S~fckbd }va \fdx!Bkhs!Xblba 2% Hf}fa`fp akx bjxvfddfe]bodfe veh Ebcop kcoxfe si|kfBex|i pxfe bv g hkf Gpblf$ |bpva OKW!^isk!xkwf ke jbva fkefp behfpfe Sxbhx si lvxwfpsiplx skeh |kf ke Aecofe%

07Fke X{~ gps @fxx$ b`fp ekcox ve`fhkelx va akx

koa }v Avxxk }va Xff }v gbopfe% Fp sxbaax bvshfa @kdh`beh M)I$ hfe |kp fvco hkf sfe Aiebxfx|bs lfebvfp wipsxfddfe% Gpfvx fvco bvg sfop

~obexbs kfbepflfehf Aixkwf%

7/30/2019 leo 12.12

4/52

Hfp Selfp veh Wbpkfxsxbp COPKS

Jidieji sxfox sfkx gbsx 06 Mbopfe bvghfp @oef% Wkfdf Aiebxf ka Mbop gopx

fp hvpco Wbpkfxsoi|s$ ~psfexkfpx

sfkef Sidi~pilpbaaf ke Xofbxfpe

veh `fsxpfkxfx }bodpfkcof Fwfexs% Hb!

`fk s~kfdx fp }va lpxfe Xfkd hkf Piddf

hfs Wba~s veh Soi|lkpds% Fp scod~gx

b`fp bvco scoie abd ke hkf Piddf hfp

Iab @fpxb% Bds Keob`fp hfp Jesx!

dfpblfexvp COPKS Jidieji Soi|!

jie}f~xf wfpakxxfdx fp }vhfa Jesx!

dfp veh Bpxksxfe% ]|fkabd ka Mbop kf!

xfx Copks Pfkjk![ilb!\icofe bvg

Lpbe Cbebpkb be ihfp lk`x ~pkwbxf [i!

lbsxvehfe veh Pfkjk!@fobehdvelfe

ke sfkefa Aecoefp Sxvhki% @ks FehfB~pkd 0>23 ksx fp eico ke Scovo`fcjs

xfbxpi ke Aecofe Pkfa }v fpdf`fe%

Hbebco |kph fp hbs efvf Xofbxfp bvg

hfp AS Fvpi~b 0 fpggefe%

Fehdkco |kfhfp

}v Obvsf"Fexfpxbkefp COPKS Jidieji lfekfx veh

lfsxbdxfx ka Hf}fa`fp hbs fskeedkcof Aecofe

Aecofe ksx gp akco hfp ~fpgfjxf Pvof~id=

Fexfpxbkefp COPKS lfekfx ka Hf}fa`fp dbelf

S~b}kfplelf ke hfp wfpscoefkxfe

Dbehfsobv~xsxbhx%

Hfp Hf}fa`fp }odx gp akco ke fps!

xfp Dkekf }v fkefa hfp bp`fkxspfkcos!

xfe Aiebxf ka Mbop% @ks bvg Ofkdkl

B`feh sxfof kco eve `ks Fehf B~pkd

gbsx mfhfe B`feh bvg hfp @oef veh

gopf hvpco hkf Soi| @bwbpkbe Ldb!

aivp ke Bdgies Scovo`fcjs xfbxpi%

Hfeeico gpfvf kco akco$ fke si dbe!

lfs Felblfafex ke afkefp Sxbhx }v

ob`fe% Okfp `pbvcof kco ekcox bvshfa Jiggfp }v df`fe$ ob`f ]fkx gp

afkef Gpfvehf$ jiaaf ebcoxs ke

afkef fklfef \ioevel }vpcj veh

scodbgf ka fklfefe @fxx% Ebco fkefa

si b`|fcosdvelspfkcofe Mbop$ akx

Bvgxpkxxfe$ hkf akco `ks ebco Jbebhb

lf`pbcox ob`fe$ lfekff kco Ae!

cofe eve vasi afop% Xbls`fp ob`f

kco ]fkx akx afkefa Oveh Sokwb

hvpco hbs oiggfexdkco wfpscoefkxf

Aecofe }v s~b}kfpfe% Hfp Scoeff

scodvcjx hbee gbsx bddf Lpisxbhxlf!

pvscof veh dssx bddfs pvoklfp veh

fexs~beexfp |fphfe% Hkfsf Pvof lf!

ekff kco sfop$ |fee kco akx Sokwb kaScoeff xi`f veh hb`fk widdjiaafe

b`scobdxfe jbee% Lfpbhf ke hfa

|vehfpscoefe veh |fkxdvgklfe

\fsx~bpj ihfp ba Ksbpvgfp abcofe

|kp hbee dbelf S~b}kfplelf% Bvco

leef kco akp hfe \kexfp `fp pflfd!

akl |iodxvfehf

Abssblfe ihfp xbejf

`fka [ilb efvf Fefp!

lkf bvg% ]vhfa lf`f

kco |opfeh kco ke

Aecofe `ke |kfhfp

pflfdakl ~pkwbxf [i!

lbsxvehfe ke afkefa

Sxvhki ka \fsxfeh$hkf akp hkf exklf B`!

|fcosdvel }vp @oef

lf`fe%

\bee kaafp kco fkefe

Xbl gpfk ob`f jicof kco

gp afkef Gpfvehf `fk

akp }v Obvsf ihfp |kp lfofe lfafke!

sba ka [va ihfp ka S~kcfp{ }va

fssfe% @fk vesfpfe Lfs~pcofe sxfddf

kco hbee kaafp |kfhfp gfsx$ |kf

scoefdd hkfsfs Mbop fklfexdkco wfplbe!

lfe ksx% Lfpef hfejf kco hb`fk be hkf

wkfdfe Oklodkloxs }vpcj$ hkf kco 0>20

ke Aecofe obxxf% Hfp lpxf Fwfex

|bp skcofpdkco hbs }|fkxlklf Soi|!~pilpbaa }va CSH akx hfe lbe}fe

Sxbps veh Jesxdfpe bvg hfa Abpkfe!

~dbx}% Bvco hkf Sidisoi| ka si scoe

jkxscoklfe veh gbakdkpfe Pi{ }odxf

skcofpdkco }v hfe scoesxfe Bvlfe!

`dkcjfe% Lfgpfvx ob`f kco akco hbp!

`fp$ bds kco ka Sf~xfa`fp ba Gdvl!

obgfe bejba veh gfsxsxfddxf$ hbss kco

ebco wkfdfe Mbopfe |kfhfp }va Ijxi!

`fpgfsx ke Aecofe `ke veh akx wkf!

dfe Gpfvehfe$ hkf bvs hfp lbe}fe

\fdx ke Aecofe |bpfe fke ~bbp}egxklf Sxvehfe hipx wfp`pkelfe

jieexf% Mfx}x ka Hf}fa`fp lfopx

ba sfd`fe Sxbehipx ebxpdkco bvco

fke @fsvco bvg hfa \kexfp Xidd|iih

gp akco hb}v$ hbs evp |feklf Afxfp

wie afkefp \ioevel fexgfpex dkflx%

Hkf wkfdfe Sxehf$ akx hfe afksx

obehlfabcoxfe ^pihvjxfe }kfofe

akco lfpef okfp ofp% Hfee ef`fe bd!

dfa Ldbaivp veh Ldbe} ksx Aecofe

gp akco hfp ~fpgfjxf Pvof~id% CJ

Si jfeex abe koe= COPKS bvg hfp Soi|`oef

Gii=HkbebHfek}

8 dfi20%0>20

^IPXPXAECOFE

7/30/2019 leo 12.12

5/52

_bwkfp EbkhiiHfp ^i~!Sjbehbd `dfk`x bvs% Hkf Sbbsbe|bd!

scobg Abeeofka dfkf lflfe hkf Avskjfp

_bwkfp Ebkhii /Gii+ veh Jiid Sbwbs jfke

gpadkcofs Wfpgbopfe |flfe Widjswfpof!

}vel veh hfs Bvgpvgs }va Xiscodbl fke%

Lflfe`fp S~kflfd Iedkef fsklf fke

S~pfcofp$ hbss fs hbgp ebco ^pgvel hfs

Xfxfs jfkefe bvspfkcofehfe Begbelswfphbco

lk`% Hkf Mvlfehiplbeksbkie hfp Dkejs~bpfk obf

Be}fklf fpsbf$ |fkd hfp Siel \i skeh skf

mf} oiai~oi` veh widjswfpof}feh sfke sidd%

Bvfphfa siddfe Jkehfpscoehfp ak Oiaisfxv!

fddfe ldfkcolfsf} |fphfe% Si ofk fs }va @fk!s~kfd= Kco scoefkh fvco mf} abd hkf Bpaf veh

hkf @fkef b`$ veh hbee gkcjf kco fvco ke hfe

Bpsco$ si |kf kop fs ak hfe Jdfkefe abco%

Ebkhii veh Sbwbs obfe hkf Wip|pgf ka

Kefpef }vpcjlf|kfsfe%

Hbpg kco `kxxfeofkx fs ba 0% Gf`pvbp ka bpjoifd

Scoe`pvee$ hbee gkehf hip hfp 27% \kfefp

Pflfe`ilfe`bdd sb% B` sigip fjiaa kop

gp hbs Fwfe Xkcjfs% Kefpfsskfpf siddfe skco

`ffkdfe$ ke hkfsfa Mbop |bp hfp @bdd bvswfpjbvg%

Jbpfe `fjiaa kop b` 8? Fvpi bvg

|||%pflfe`ilfe`bdd%bx

VS!^idkxkj `dfk`xoiaigpfvehdkcoHbss VS ^pskhfex I`bab ka \fkfe Obvs

`dfk`$ ob fp bvco hfe oiaisfxvfddfe \odfpe

}v wfphbejfe% Vagpblfe fplb`fe$ hbss ks }v

7/30/2019 leo 12.12

6/52

^ipebafexs

Dkgf ks dkwf hbs |vssxf hkf @beh

I~vs scoie ke hfe 2;?>fp!Mbopfe%

Ke ]fkxfe hfp Xiexplfpjpksf |fphfeDkwf!Fwfexs gp Jesxdfp veh Db`fds

kaafp |kcoxklfp veh akx fexs~pf!

cofeh lpifa Bvg|beh ~pihv}kfpfe

skf Soi|s gp hkf Sxbhkfe veh Obddfe

hkfsfp \fdx% Gp hkf Pflkie ksx

Aecofe Xkcjfx hfp gopfehf

Xkcjfxoehdfp veh kfxfx fkef lbe}f

@beh`pfkxf wie Sfpwkcfdfksxvelfe gp

Wfpbesxbdxfp$ Wipwfpjbvgssxfddfe veh

Jie}fpx`fsvcofp% Okfp fpobdxfx kop

gpo}fkxkl bddf Jbpxfe gp ~pbjxksco

mfhfs Fwfex fvpfp \bod wie Jdbsskj `ks

Picj veh i~% \kp |escofe xiddf

Jie}fpxfpdf`ekssf"

|||%avfecofexkcjfx%hf

Ba 00% Hf}fa`fp sxfklx hkf \fko!

ebcoxsbvslb`f hfp bpx{pfkof Mfee{

xbe}x% Bvs hkfsfa Bedbss obx Wfpbe!

sxbdxfp Bpef @pbco akx Dkehb Xfihiskv

fke fcoxfs i~!Mv|fd lf`vcox% Dkehb

ksx hkf fke}klf HSHS!Jbehkhbxke$ hkf akp

ka Ji~g lf`dkf`fe ksx$ afkex Bpef%

Skf skelx xiddf i~siels$ sxbeh akx

Bebsxbckb bvg hfp @oef veh obx gb`fdobgxf Wfpskiefe wie Mif

Cicjfp! ihfp @f{iec!Xkxfde b`lfdkfgfpx% Bdsi ob`f kco akp akx hkf!

sfa Felblfafex fkefe jdfkefe Xpbva fpgddx% Dkehb Xfihiskv skelx

`fk Mfee{ fkefe Ak bvs bpx{jpbcofpe$ Sco|vdfeokxs veh \fko!

ebcoxssiels% Ef`fe kopfa Dkwf!Lkl lk`x fs bds |fkxfpfs S~fckbd fkef

lpif \fkoebcoxs!Xia`idb akx Ovehfpxfe ^pfksfe% Hbs Dis jisxfx

2 Fvpi$ hfe Lfsbaxfpds xfkdfe skco hkf Aecoefp Bkhs!Okdgf vehhkf Jkehfpeixokdgf% Besiesxfe dfk`x bddfs$ |kf lfob`x= Lfkdfp

Siveh wie HM Divkf bcbph veh HMfee{ veh fke gfkfp|xklfs v`dk!

jva lbpbexkfpfe fkef ~fpgfjxf bpx{ wip hfe Gfkfpxblfe"

|||%mfeekgfp!~bpjs%hf

Ebvlox{ ks ekcf" hbs ksx

hfp Lfhbejf$ hfp okexfp hkf!

sfa f`fesi velf|oedkcofe

|kf pfk}widdfe @bvascoavcj

sxfcjx% Hkf ^ipebafexs

xpfggfe lbe} skcofp hfe

sco|vdfe Lfscoabcj veh

skeh fkef ipklkefddf veh

hvpcobvs pfk}widdf Bdxfpebxkwf

}v Copksx`bvajvlfd veh

Sxpiosxfpe% Keslfsbax bcox

vexfpscokfhdkcof Gklvpfe /mf

ebco Lpf }|kscofe 28$;> `ks 2;$;> + obdxfe hkf Mvels

wie S~fxfp gp fvco fpfkx%

I` bds fpixkscofp Okelvcjfp ba fklfefe @bva ihfp bvlfe}|kejfpehfs Akx`pkel!

sfd gp hkf Sco|kflfpavxxfp= Hkfsf Gklvpfe scoacjfe mfhfs /sco|vdf+ Ofka"

|||%s~fxfp%cia

Skf skeh fpsx ba 2>% Ap} |kfhfp ka Widjs!

xofbxfp$ hkf Jbpxfe siddxf abe skco b`fp

pfcox}fkxkl skcofpe$ hfee fpgbopvels!

lfa skeh hkf |feklfe Aecofe!

Jie}fpxf hfp Lfsco|ksxfp gks!

xfp scofdd bvswfpjbvgx% Akx ko!

pfa Scodblfp~pilpbaa Sfp!

wvs fxfp io d d$ Akpfkddf"

dbssfe hkf gksxfps hkf Scodb!

lfp|fdx hfp fp!Mbopf bvgfp!

sxfofe% Akx Ipklkebd!Eva!

afpe si|kf Ipklkebd!Ciegf!

pecfe hfp ]fkx% Hbss hkfsf

bvs ofvxklfp Skcox abecoabd

velf|iddx lf|iddx fpscofkefe$

abcofe Vpsdk$ Xiek veh hbs Gpd%

Scoefkhfp hvpco \kx} veh Cobpaf

~pi`dfadis |fxx%

|||%avfecoefp!widjsxofbxfp%hf

AVSX OBWF

Mfee{ xbe}x_!abs

7 dfi 20%0>20

I` Piebe Jfbxkel$ kej ihfp Fpis Pbab}ixxk= \fp hb`fk sfke |kdd$ siddxf skco pfcox}fkxkl Xkcjfxs skcofpe"

SXBPS DKWF

FPDF@FE"

Io d d$ Akpfkddf"

7/30/2019 leo 12.12

7/52

`fpekaa

Wfpbex|ipxvel

gp Hkco "

\kf kco akx Wfpbex|ipxvel fka Sf valfof$

fp}od kco Hkp bvg |||%k||kx%hf

Gpbe} /68+

7/30/2019 leo 12.12

8/52

Hb |kph sfkx gbsx 3> Mbopfe `fp Bkhs bvg!lfjdpx veh hkf @bsks!@ixscobgx /Jiehiafscox}fe+ ksx scodkcox= \bpva kegk}kfpfeskco eico kaafp Afescofe akx OKW9Hp% ^bvdk= Lbe} fkegbco= \fkd skf Sf ob`fe% Sfvb!dkxx ksx fke Lpvehxpkf`$ hbs Jiehia ksx Ji~gsbcof%Abelfdehf Kegipabxkie$ Wfphpelvel veh Ve|ks!

sfeofkx hbp`fp$ i` abe sfd`sx kegk}kfpx ksx ihfpekcox$ xve kop `pklfs%Xb~~f= Hfeeico= Hfvxscodbeh obx fkef hfp ekfhpkls!xfe Kegfjxkiespbxfe hfp \fdx% Hkf pwfexkie okfp}v!dbehf ksx fke lpifp Fpgidl%Gpofp jba fke ~iskxkwfs Xfsxfplf`eksfkefa Xihfsvpxfkd ldfkco% \kf lfofeAfescofe ofvxf hbakx va9Hp% ^bvdk= Wie Scovdxfp}vcjfe `ks }v Xihfsbelsx ksxbddfs hb`fk% Hkf Afopofkx mfhico pfblkfpx akx @f!gpcoxvelfe veh wfp`kehfx Bkhs eico kaafp akxhfe fpscopfcjfehfe @kdhfpe bvs gpofpfe ]fkxfe%\bs sblfe Skf fkefa Afescofe jvp} ebco@fjbeex|fphfe sfkefp Kegfjxkie9Xb~~f= Hb lk`x fs jfke Pf}f~x% Abe avss bvg hkf

kehkwkhvfddfe Lfgodf hfp Dfvxf fkelfofe% Hfe fkefeavss abe Avx abcofe$ ebco wipe }v `dkcjfe veh~iskxkw |fkxfp}vdf`fe% Behfpfe avss abe jdbp ab!cofe$ hkf Sbcof ekcox bvg hkf dfkcoxf Scovdxfp }vefoafe%Hp% ^bvdk= Hkf Hkbleisf ksx eico kaafp fke fke!scoefkhfehfs Fpdf`eks% Skf wfpehfpx hbs Jp~fplf!god veh scoie jdfkef @fsco|fphfe jeefe lpifelsxf bvsdsfe% Ke hkfsf efvf Skxvbxkie avss abeskco fpsxabd fkegodfe% Afksx hbvfpx hbs Aiebxf%\bs skeh hkf fpsxfe Scopkxxf bvsafhk}kekscofp Skcox9Hp% bvdk= Ef`fe fkefp bddlfafkefe afhk}kekscofeVexfpsvcovel |kph }vecosx hbs B`|fops{sxfalfcofcjx% Hbs ofkx$ akxxfds @dvxb`eboaf |kph hkf

Wkpvsdbsx jiexpiddkfpx veh hkf Be}bod hfp Ofdgfp}fddfefpakxxfdx%@flkeex abe sigipx akx fkefp Xofpb~kf9Hp% ^bvdk= Ka Bddlfafkefe sxbpxfx fkef Xofpb~kffpsx hbee$ |fee hkf Kaave|fpxf hbs exkl ab!cofe% Fs jiaax b`fp bvco wip$ hbss hfp ^bxkfex

fkefe sigipxklfe Xofpb~kf`flkee |escox$ }va@fks~kfd |fee fp akx fkefa OKW!eflbxkwfe bpxefp}vsbaafedf`x veh hkf Lfgbop hfp Besxfcjvelakekakfpfe acoxf%\kf lvx ksx Aecofe ke hfp WfpsiplvelOKW!^iskxkwfp bvglfsxfddx9Xb~~f= Ofpwippblfeh% \kp ob`fe fkef lpif Bvs!

|bod be felblkfpxfe$ rvbdkgk}kfpxfe p}xfe veh hpfkJdkekjfe$ hkf skco sfop lvx jaafpe%Hp% ^bvdk= Xpix}hfa lk`x fs dfkhfp kaafp |kfhfpscodfcoxf Fpgbopvelfe akx p}xfe% Kaafp eico |fp!hfe ~iskxkwf ^bxkfexfe hksjpkakekfpx$ |fphfe @f!obehdvelfe wfpscoi`fe ihfp lbp b`lfdfoex% LfpbhfI~fpbxfvpf$ Cokpvplfe ihfp ]boep}xf xve skcoabecoabd eico sco|fp$ OKW!^bxkfexfe wipvpxfkdsgpfk}v wfpsiplfe%\fdcof Fkepkcoxvelfe lk`x fs b`sfkxs hfppfke afhk}kekscofe Wfpsiplvel9Hp% ^bvdk= Ka Vexfpscofkh }v abeco behfpfeLpisxhxfe wfpglx Aecofe `fp fkef lpifBvs|bod be ~s{coisi}kbdfe Sxfddfe$ hkf vexfpfke!behfp `fsxfes wfpefx}x skeh% Kesxkxvxkiefe hfp

Sxbhx$ hfs Gpfksxbbxs ihfp hfp Cbpkxbs `kfxfe fkelpifs S~fjxpva be Okdgf veh @fpbxvel%Bvco hkf Aecoefp Bkhs!Okdgf ksx fke|fsfexdkcofp Xfkd hkfsfs Efx}|fpjs Xb~~f= ve`fhkelx" I` @fpbxvel$ \ioefe$ Bdxfpihfp Gpfk}fkx= Skf obx gp mfhf Skxvbxkie ka Df`fe fk!efs OKW!Kegk}kfpxfe fke ~bssfehfs Belf`ix% Bvfp!hfa wfpglx skf `fp wkfdf fopfebaxdkcof Akxbp`fk!xfpKeefe$ hkf bds Xfkd hfp Ciaavekx{ lbe} behfps bvgDfvxf }vlfofe bds sxbbxdkcof Sxfddfe%Hp% ^bvdk= Hkf Bkhs!Okdgf obx skco bvs afkefp Skcoxkaafp |fkxfpfex|kcjfdx veh skco be bjxvfddfe Xof!afe ipkfexkfpx% Hkf Xofpb~kf!Oixdkef }va @fks~kfd ksxfke}klbpxkl ke Hfvxscodbeh% Okfp jeefe skco ^bxkfe!xfe pbsco veh `frvfa ba Xfdfgie }v bddfe Gpblfe

pveh va hbs Xofab OKW!Afhkjbafexf `fpbxfe dbs!sfe%\bpva ksx hkf Wfpsiplvelsdblflfpbhf ke Aecofe si lvx9Xb~~f= Ka ~s{coisi}kbdfe @fpfkco ob`fe Sxbhx vehDbeh scoie gpo veh kexfeskw Bkhs!Bvgjdpvel lf!

gphfpx% Okfp lb` fs sfop bdh p}xf$ hkf hbs kexfpfs!skfpx obx veh hbpbvs fex|kcjfdxf skco fkef Bpx Sil!|kpjvel%Hp% ^bvdk= Si |bp hbs Sco|b`kelfp Jpbejfeobvsscoie ke hfe 2;?>fpe fkef `vehfs|fkx `fjbeexfKesxkxvxkie$ bvco hfsobd` dkffe skco wkfdf p}xf okfpekfhfp% Ekcox }vdfx}x= Okfp lk`x fs bvspfkcofeh ^bxk!

fexfe$ hfee Aecofe |bp scoie kaafp sxbpj wieOKW fxpiggfe%Avss fke OKW!^iskxkwfp Belsx wip hfasi}kbdfe B`sxkfl ob`fe9Xb~~f= Afhk}keksco lfsfofe$ efke% Fke OKW!^iskxkwfpksx bvco ekcox bvxiabxksco bpa ihfp Lfpkelwfphkf!efp$ hfee hkf afksxfe ob`fe eipabdf Mi`s veh fex!s~pfcofehf Fkejiaafe% B`fp fs lk`x wkfdf elsxfwip Kegk}kfpxfe veh fexs~pfcofeh wkfd Hksjpkakekf!pvel% Fs jbee sfke$ hbss Afescofe hfsobd` lf!ai``x |fphfe veh silbp kopfe Mi` wfpdkfpfe%Ksx fke OKW!^iskxkwfp akxxdfp|fkdf fke bxkfex|kf mfhfp behfpf bvco9Hp% ^bvdk= OKW ksx kaafp eico fkef `fsiehfpf Fp!jpbejvel veh @fxpiggfef skeh fsiehfpf bxkfexfe%

Ekcox$ |fkd skf fkef sco|fpf Kegfjxkie ob`fe$ sie!hfpe |fkd OKW /veh akx koa hkf Xofafe Sfvbdkxxveh Besxfcjvel+ hfe Afescofe ke sfkefa keefpsxfeJfpe fpopx% Kexfpwkf| @fpeh Addfp

Aecofe

Eico kaafp skeh wip bddfa sco|vdf Aeefp wie

OKW veh Bkhs `fxpiggfe% Ke Aecofe xpkxx hbs

`fsiehfps }v Xblf% Hkf lvxf Ebcopkcox= Ke jbva

fkefp behfpfe Sxbhx ksx hkf Wfpsiplvelsdblf si lvx

|kf okfp% \kp s~pbcofe akx hfe OKW!S~f}kbdksxfeHp% Pbaieb ^bvdk veh Akcobfd Xb~~f `fp

hbs Df`fe akx OKW ke Aecofe%

DFVCOXFX

Akcobfd Xb~~f$ Gbcodkcofp Dfkxfp hfp Aecoefp Bkhs!Okdgf

veh Hp% afh% Pbaieb bvdk ke hfpfe pbks ba Ksbpxip

XKXFD \FDX BKHS XBL

? dfi20%0>20

7/30/2019 leo 12.12

9/52

\kfhfp afopKegk}kfpxfHkf ]bod hfp OKW!^iskxkwfe sxfklx |fkxfp veh |kfhfp fkeabd

skeh Sco|vdf ba ovgklsxfe fxpiggfe%

Ke Hfvxscodbeh df`fe Fehf 0>20 pveh

7/30/2019 leo 12.12

10/52

Ke Hfvxscodbeh skeh ebco bjxvfddfeScox}velfe }|fk Hpkxxfd bddfp OKW!^iskxkwfe `fpvgsxxkl% Evp fkef Ake!hfpofkx wie koefe xpbvx skco$ hfa Cofgihfp hfe Jiddflfe bvco }v sblfe$hbss skf OKW!~isxkw skeh% @fk fkefp wiehfp Hfvxscofe Bkhsokdgf /ka Bvgxpblhfp @}lB+ hvpcolfgopxfe Sxvhkf lb!`fe 72 pi}fex hfp @fgpblxfe be$ kopfKegfjxkie ba Bp`fkxs~dbx} }v wfp!sco|fklfe% Hfp ovgklsxf Lpveh ksxhkf Belsx wip @febcoxfkdklvel% Hkfsf@fgpcoxvel ksx iggfe`bp ekcox ve`f!lpehfx% Bdbpakfpfehf

7/30/2019 leo 12.12

11/52

Sfkx hfa 07% Eiwfa`fp ksx hfp Bkhs!Xfhh{ 0>20 }v ob`fe%Wkfdf Lfscogxf veh Dijbdf hfp S}fef wfpjbvgfe hfe obbpklfe

Gpfveh }va pfks wie 7 veh vexfpsxx}fe siakx hkf Bp`fkxhfp Aecoefp Bkhs!Okdgf% F`fegbdds b` Fehf Eiwfa`fp f!lkeex hfp Bhwfexs!Gdioabpjx hfp Pflfe`ilfe!B~ixof!jf% Ke hfp Sieefesxp% 33 jbee abe ks Ofkdkl B`feh Ipklk!efddfs veh Ex}dkcofs fpsxfofe$ hbs }v Lvesxfe hfp Bkhs!Okdgf wfpjbvgx |kph% Fkef fsiehfps bxxpbjxkwf Bpx Lvxfs }v

xve kfxfx hfp @fefgk}!\behjbdfehfp Afe ke xof Bd~s% Okfp}fklfe skco pvehva besfoedkcof @bvfpe`vpscofe bvs sxfppfkco wie kopfp fs!xfe Sfkxf% Hfp Jbdfehfp ksx gp 2;$;> ka Cbg Pflfe`ilfe ihfp `fk @pveisfpodxdkco% Ba 2% Hf}fa`fp sfd`sx gopx wie 2> ks 28 Vop hfp S!@boe!Siehfp}vl}|kscofe bskel veh Isx`boeoig% Akx be @iph= Scobvs~kfdfpke Aieb Sffgpkfh$

hkf S~fehfe sbaafdx% F`fegbdds ba 2%20% xpblfe hkf Gv`bddfp hfp Sxpffx`i{skop 2sx \ipdh!Bkhs!Hb{ Kehiip Afes Siccfp Xivpebafex ke hfp Gfdh!aicokelfp Afop}|fcjobddf bvs 2> Xfbas ja~gfe va vejxf veh gp hfelvxfe ]|fcj% B`fehs sxbpxfx hfp Cbehdf!Dklox!\bdjva 2; Vop wia Ihfies!~dbx} ke hkf Sx% Beeb!Jkpcof ka Dfofd$ |i b` 0> Vop fkef Lfhfejwfpbesxbdxvel sxbxxgkehfx% Ka @bcjsxblf s~kfdfe b` 2;%3> Vop wkfp @behs vexfp hfa Aixxi@pfbj xof C{cdf gp wfpscokfhfef Bkhs!^pimfjxf% Bvco hfp E[!Cdv` }fklx skcofkeabd afop sidkhbpksco= @fk hfp Ebcox hfp pixfe Scodfkgfe |kph ba 2%20% }vLvesxfe hfp Bkhs!Okdgf akx HM Hbee{ J veh Cba`ks jpgxkl lfgfkfpx% Fkef Xia!`idb dicjx akx `fp 2>> scokcjfe pfksfe" Hkf @bp ]vp Gfvfp|bcof s~fehfx hfelbe}fe Xbl wie mfhfa Lfxpej 6> Cfex be hkf Bkhs!Okdgf% Hbs Sv`!]fexpvasxbpxfx ka Hf}fa`fp vexfp hfa Aixxi Df`fe akx OKW ldfkco fkef lbe}f Pfkofwie Wfpbesxbdxvelfe /skfof S% 20+$ Oof~vejx hpgxf hkf Bescodvsswfpbesxbd!xvel ba 8%20% va 2;%3> Vop akx ihkvashksjvsskie veh fkefa Gkda hfs Gixi!lpbgfe Abegpfh Dfoefp sfke% Eico ks }va 2;% Hf}fa`fp ksx hkf Gixibvssxfddvel

Afke ~iskxkwfp Xbl ke hfp Jkpcof Sx% Abkakdkbe /Bvfesxp% 2+ }v sfofe% HkfGixilpbgkfe wie Mkpk Xpfsxkj lf`fe }vsbaafe akx Sxbxfafexs hfp @fxpiggfefeFke`dkcj ke hbs Df`fe hpfkfp OKW!^iskxkwfp%

Wfpbesxbdxvelfepveh va

hfe 2% Hf}fa`fp

Hbs jbee mfhf B~ixofjf dfksxfe Ksidhf Af{fp fk hfp pfkswfpdfkovel

Kopf B~ixofjf ksx jdfke$ kop Felblf!afex ke Sbcofe OKW b`fp lpi% KsidhfAf{fp fxpfvx ke kopfp \kxxfds`bcofpB~ixofjf /Dkeh|vpasxp% ;Afescofe akx OKW$ i`|iod skf jfkef

jdbsskscof Sco|fp~vejxb~ixofjf ksx%Wip fkeklfe Mbopfe wfpsiplxf kco }|fkOKW!^bxkfexfe$ hkf afop `fp kopf Fp!jpbejvel veh Xofpb~kf |vssxfe bdskco$ si hkf B~ixofjfpke% Hbs obxakco lfpfk}x$ akco akx hkfsfa Xofab

bvsfkebehfp}vsfx}fe% 0>22 fpsxfddxfskf }vhfa fkef @piscopf }vp OKW!@f!pbxvel% Gp hkfsf Bp`fkx fpokfdx skf `fkhfp Wfpdfkovel hfs \kssfescobgxdk!cofe Kesxkxvxs gp ^pwfexkie ka Lf!

svehofkxs|fsfe hfe fpsxfe ^pfks kehfp Jbxflipkf ^pimfjxf bvs hfp B~i!xofjf% `pklfes= Ksidhf Af{fp sxfddxkopf @fpbxvelsdfkxdkekf kexfpfsskfpxfeJiddflKeefe lfpe }vp Wfpglvel= ksidhf%af{fpN|kxxfds`bcofp!b~ixofjf%hf

Bvslf}fkcoefx\kxxfds`bcofp B~ixofjf fpodx

^pfks gp OKW!Felblfafex

XKXFD\FDX BKHS XBL

dfi20%0>20 22

7/30/2019 leo 12.12

12/52

Wfp}bv`fpx

B` hfa 7% Hf!

}fa`fp ksx hkf

Bvssxfddvel Hkf

Wfp}bv`fpxfe

Lfskcoxfp veh Lfscokco-

xfe bdxfp sco|vdfp Aeefp eico-abds ke Aecofe }v sfofe% Skf

|kph `ks ;% Mbevbp ka Efv`bv hfs

JWP /Pv~~fpxsxp% 22+ lf}fklx veh

ba 6% Hf}fa`fp wie @plfpafks-

xfp Of~ Aiebx}fhfp fpggefx% Hkf

Bvssxfddvel vagbssx Gixilpbgkfe

wie Svskf Jeidd$ bvg hfefe hkf Lf-

skcoxfp wie 22 bdxfe sco|vdfe

Aeefpe }v sfofe skeh% ]v mfhfa

^ipxpbkx lfsfddx skco fkef sfd`sx wfp-

gbssxf @kilpbgkf% ]vhfa |fphfe

bvg Xfxxbgfde lfscokcoxdkcof Oke-

xfplpehf `fp sco|vdfs Df`fe ke

Aecofe lflf`fe%

S~fehfe dfkcox lfabcox

Fkef efvf Iedkef!^dbxxgipa sxfddx

skco ke hfe Hkfesx hfp lvxfe Sbcof=

\fp `fp |||%liihkel%hf

soi~~x$ s~fehfx fk mfhfa Fkejbvg

be fkefe lfafkeex}klfe Wfpfke

ihfp fkef |iodxxklf Iplbeksbxkie

sfkefp \bod% Ebaobgxf Iedkef-

soi~s |kf Bab}ie$ ]bdbehi$ Hfvx-

scof @boe$ I`k ihfp C'B skeh `f-

pfkxs akx wie hfp ^bpxkf veh }bodfe

fkef gfsx wfpfke`bpxf ^piwkskie be

liihkel%hf$ hkf hbs Lfdh }v 2>>&

hfa lvxfe ]|fcj }vgopx% Bvs hfp

Aecoefp Ciaavekx{ jbee abe

si `fpfkxs hkf Aecoefp Bkhs-Okdgf

ihfp hbs rvffpf Mvlfeh}fexpva hk-

wfpskx{ vexfpsxx}fe% Si abcox

Copksxabs-Soi~~kel hi~~fdx S~b"

Jevhhfd!b`feh

Hkf Kekxkbxkwf Jevh!hfd abd |kfhfp |kp`x

`fpfkxs sfkx dfx}xfa Mbop

gp fkefe ofp}dkcofpfe

veh |pafpfe Va-

lbel ke hfp sco|vdfe

S}fef% Ba 28% Hf}fa`fp iplbek-

skfpfe skf }vsbaafe akx hfa ^pi-

mfjx ^pwfexkie fkefe Jevhhfd-

B`feh ka Sv`$ fk hfa ef`fe Ke-

gipabxkiefe }v hfe ^pimfjxfe wkfd

Vexfpobdxvel ka Akxxfd~vejx

sxfox= Dvc{ Xpba~ /@kdh+ veh Wkidb

Wbpfdd }fklfe fkef Xpbwfsxkf-Soi|$

hbs Jb`bpfxx-Hvi Hbaafpd ' Hpb-

lie ~psfexkfpfe Bvsscoekxxf bvskopfa fpsxfe lfafkesbafe ^pi-

lpbaa veh bvco S}fef-Hpbl Gpbejb

ksx wip Ipx% @flkee ksx 02 Vop$ hfp Fke-

xpkxx ksx gpfk$ S~fehfe |kddjiaafe%

EF\s

Jvlfdobexfd!XpbkekelIdfeb Sfafeiwb$ DL@X-Bjxkwk-

sxke bvs Jkf|$ ksx ba 26% Hf}fa-

`fp ke Aecofe$ va bvg Fkedb-

hvel wie Xfba Aecofe ke hkf

Jesxf hfs Jvlfdobexfd-Xpbkekelsfke}vgopfe% Hbs Xpbkekel$ hbs

Avsjfdbvg`bv veh Jpfksdbvg gp-

hfpx$ gkehfx sxbxx ba 26% Hf}fa-

`fp va 2>$ 20%3> veh 26 Vop ke

hfp Scovds~ipxobddf$ Sxkfdfpsxp% 7%

Ef|sAecofe

Afke Bp}x sblx$ kco sfk ekcox afop ke-

gfjxks% Wie hfe Aeefpe ldbv`x akp

hbs jfkefp% Hbs ksx fkefp hfp sxbpjfe

Sx}f$ hkf bvg @kfphfcjfde sxfofe$ hkf

hfp}fkx ke wkfdfe Aecoefp S}fefdijb-

dfe jvpskfpfe% \kp |iddfe hkf Dfvxf

bvgpxxfde$ sblx Jbk Jvehpbxo$ hfp hbs

^pimfjx OKW-^pwfexkie ka Sv` dfkxfx%

Hkf S~pcof wie OKW-^iskxkwfe$ hkf xbx-

scodkco si lfgbddfe skeh$ siddfe wip bd-

dfa sco|vdf Aeefp bvs kopfp Dfxobp-

lkf pfkfe% Hbs @f|vssxsfke hbgp$

hbss OKW eico kaafp ekcox ofkd`bp ksx$

scofkex bvs hfe J~gfe wfpsco|ve-

hfe$ si Jvehpbxo% Fkef `fldfkxfehf

Bvssxfddvel$ ke hfp `fphkafeskiebdf

Wfpskiefe hfp @kfphfcjfd lf}fklx |fp-

hfe$ ksx eico `ks 8% Hf}fa`fp ke hfp

Addfpsxp% 28 }v sfofe% Hico hkf @kfp-

hfcjfd skeh evp fkef wie afopfpfe Bj-

xkiefe$ akx hfefe hbs Sv` hfe hkfsmo-

pklfe \fdx-Bkhs-Xbl `fldfkxfx% Vexfp

hfa Aixxi Df`fe akx OKW dhx hbs

]fexpva ba 8% Hf}fa`fp va 2;%3>

Vop }v fkefp ^ihkvashksjvsskie akx

Fpesx Ovsskelfp veh Swfe Obesfd-

abee% Hkf `fkhfe iggfe OKW-~iskxkwfe

Aeefp `fpkcoxfe `fp Jpbejofkx$ Hks-

jpkakekfpvel veh Df`fesdvsx% @fkhf

sxfofe ka Bescodvss gp Gpblfe }vp

Wfpglvel% Ka Wipgfdh dvgx be hfa

Xbl fke Jvp}gixigkda }va Aixxi$ ~pi-

hv}kfpx wia Gixilpbgfe Abegpfh Dfo-

efp% ]va B`scodvss hfp Bjxkiefe gke-

hfx ba

7/30/2019 leo 12.12

13/52

XbdfexFwfex

Soi| ka Pfehf}wivs

\keekf \kexfp veh Beebakpd

Avxxk Sco|baaxobdfp dvhfe Akx-xf Eiwfa`fp }va Xbdfex-Fwfex ke hkf@bp Pfehf}wivs$ hfpfe Akek-@oef

hbej pflfdaklfp Jbpbijf- veh Xpb-wfsxkf-B`fehf scoie si abecof Sxbps/veh Sxfpecofe+ obx jiaafe veh lf-ofe sfofe% Ke hpfk Hvpcolelfe avs-sxfe skco bcox JbehkhbxKeefe wip hfphpfkj~gklfe Mvp{ f|fksfe |bs hfe@f|fp`fpe akx Ovaip$ Sxkaaf vehwip bddfa mfhfp Afelf Avx bvco lf-dbel% Ba Scodvss skflxf hkf s{a~bxok-scof veh sxkaalf|bdxklf @flkxobCobehbel veh gpfvxf skco `fp fkefeLvxscofke hfs Okdxie-Oixfds%Hbecf!Lfehfp

Xbefoipsf fp}od

hkf LfscokcofeXpbessfxvfddfp

Pboafe fkefs Aecofe!Lbsxs~kfdshfs xscofcokscofe Xbe}xofbxfpsXbexfoipsf ksx ba 27% Hf}fa`fp hkfHfvxscodbeh-^pfakfpf hfs SxcjsS)of ks Ebec{ Mif }v sfofe% Xpbessf-vbdkxx$ Jp~fpfexgpfahvel$ hfp fex-gpfahfxf Jp~fp sfd`sx$ hkf lfsfdd-scobgxdkcof Fkesbajfkx bvglpveh hfsBehfpssfkes si|kf hbs @fhpgeksebco Ldcj veh Gpfkofkx sxfofe ka Akx-xfd~vejx hfs Hijv-Hpbabs% Hkf Bvg-

gopvel fp}odx hkf Lfscokcoxfe wieXpbessfvfddfe$ hkf hkf Pflkssfvpke vehObv~xhbpsxfddfpke Akfejb fcoiwsfd`sx lfxpiggfe obx veh akx hfefe skf

lfdf`x veh skco belfgpfvehfx obx% Bv-fphfa `fdfvcoxfx skf hkf Xpbes-Xof-abxkj bvs Skcox hfp Gbakdkf$ hfp Jvdxvpihfp hfp idkxkj% Hkf 6>-akexklf Xbe}-Wksvbd-Bvggopvel wfpfkex Sxpbfe`bd-dfxx akx fkefa kexfpbjxkwfe Ciakc-Okexfplpveh$ hfp bds sfjvehpfp Fp}o-dfp gvelkfpx% \kf fkef jbdxf Hvscofba Aiplfe pxxfdx hkf Bvggopvel|bco veh ggefx hkf Bvlfe$ siAkfejb fcoiw% S)of ks Ebec{ Mifksx ke feldkscofp S~pbcof ba 27%20% va0>%3> Vop ka k-cba~$ Fexfe`bcosxp% 3% Mbopovehfpxslfabcox obx% @ks }va Jie}fpx ba 00% Gf`pvbp kehfp Aecoefp Id{a~kbobddf ksx fs }|bp eico fke|fekl oke$ b`fp vexfpa \fkoebcoxs`bva ab-cofe skco hkf Xkcjfxs scoie mfx}x ofpwippblfeh%\kp wfpdisfe 30 Jbpxfe$ scokcjx fkef Abkd be=pfhbjxkieNdfi-ablb}ke%hf$ Sxkco|ipx= B``b

|fkoebcoxS!|boeSkee

Sfp hkf bkddffeekf jdkelfe= HkfAecoefp Xpbwfsxkf-

Sfesbxkie Cobexbd L%ksx wie Ji~g `ks Gvbvg \fkoebcox fke-lfsxfddx veh siplx akx^bpihkfe$ Siels vehablkscofe Aiafe-

xfe gp Mv`fd$ Xpv`fd veh Ofkxfpjfkx% @ksskl$ |kx}kl$dkf`fwidd veh `fskeedkco ~psfexkfpx skf kopfe\fkoebcoxs-\boeskee% \kp wfpdisfe 00 Xkj-jfxs ebco \bod gp fkef hfp Sidisoi|s ba 00%)03%Hf}fa`fp ka \kpxsobvs }va Ksbpxbd% Abkd be=pfhbjxkieNdfi-ablb}ke%hf$ Sxkco|ipx= Cobexbd

ofkSSf pfkgfe

Scoefdd$ sfx{ veh widdfp Bhpf!ebdke hbs wfps~pkcox S~ffh$hkf efvf Soi| wie Oidkhb{ ie Kcf%Ef`fe s~fjxbjvdpfa Fexfpxbke-afex ksx hkf `pbskdkbekscof Scoe-ofkx$ HSHS-Mvpipke Gfpebehb@pbehbi /@kdh+ akx wie hfp ^bpxkf%\kp wfpdisfe 00 Xkcjfxs gp fkefeXfpake fvpfp \bod /32%2% `ks2>%0%+% pfhbjxkieNdfi-ablb}ke%hf$ Sxkco|ipx= S~ffh

WFpdisvEl

Ofdhfeobgx

Mvdkvs Cbfsbp ke

efvfa Lf|beh

Fkef Lfscokcof va Aiph$ Dfkhfescobg veh

Dkf`f= Hbs skeh$ ef`fe |vehfp`bpfp Avskj$ hkf ]v-xbxfe$ akx hfefe Mvdkvs Cbfsbp }vp |iod fjbee-xfsxfe I~fp Lfipl Gpkfhpkco Oehfds |vphf% Ba 27%Hf}fa`fp veh 0>% Mbevbp jbee abe mf|fkds va 0>Vop ka Cvwkddksxofbxfp fkef jie}fpxbexf Bvggo-pvel hfs @bpicj-Jdbsskjfps fpdf`fe% Vexfp hfp avsk-

jbdkscofe Dfkxvel wie Jiesxbexke Okddfp s~kfdx hbsFesfa`df 2% Abd ksx hipxhkf Lpv~~febvssxfddvel 3>3> }v sfofe% HbsJie}f~x= Vexfpscokfhdkcof Jesxdfp bddfp Lfepfs~psfexkfpfe \fpjf ka Gipabx 3>3> ca% Bvcohkfsfs Abd gkehfx skco fkef `vexf Jesxdfpscobp fke$va Efvfs bvs kopfp ~fpsedkcofe Jpfbxkw|fpjsxbxx}v ~psfexkfpfe% Hfp Ak bvs pigks veh efvfe Xb-dfexfe$ hkf keobdxdkcof Gpfkofkx veh fke Jie}f~x$ hbsioef mfhf Wiplb`f$ bdsi evp wie hfp rvbhpbxkscofeGipa }vsbaafelfobdxfe |kph$ abcox hkfsf Wfpbe-sxbdxvel si s~beefeh% Abdfpfk$ ]fkcoevel veh Lpb-~okj sxfddfe xpbhkxkiefdd hfe lpxfe Bexfkd hkfsfpBvssxfddvel$ hico ksx bvco Pbva gp Gixilpbgkf vehhpfkhkafeskiebdf \fpjf |kf Scobvjsxfe$ Jkssfeveh behfpf I`mfjxf% \kp wfpsxfofe Jvesx ekcox bds

fdkxpf Wfpbesxbdxvel$ siehfpe wfpsvcofe sidkhf Ve-

xfpobdxvel akx oiofa Efvkljfkxs|fpx gp fke al-dkcosx pfkx lfgcofpxfs v`dkjva }v kfxfe$ fpjd-pfe hkf Abcofp kop Lbdfpkf-Jie}f~x% Hbss hkfsfpBesbx} gvejxkiekfpx$ f|fksfe skf fk 3>3> `fpfkxs}va }foexfe Abd% Hkf Bvssxfddvel ksx ks }v 03% Mb-evbp }v sfofe% Afop Kegipabxkiefe$ ggevels}fk-

xfe$ fxc% vexfp= |||%jvesx`fobehdvel%hf

F`fegbdds fk 3>3> hb`fk= Bemb pksjbs @i{

Aecoefp Mvelhfslkefp fex|bpgfe hkf Jisxaf

Ef|sAecofe

^bpx{!LopfJf(obksx }vpcj akx kopfa Bd`va \bppkip

kejd% hfp OkxskeldfHkf [ivel%

Ekfabeh `fsiplxs hfkefa Lfoplbel |kf Jf(ob%

Ioplbsavs lbpbexkfpx"

|||%jfsob~bpx{%cia

7/30/2019 leo 12.12

15/52

Bvco bvs hkp abco kco fkefe Ob!

sfe" Akx ipklkefddfe S~pcofe |kf

hkfsfe obx skco Gpksfvp Hbwkh Gfcoefp

scoie ebco jvp}fp ]fkx ke Aecofefkefe Ebafe lfabcox% Veh ekcox

evp hbakx$ siehfpe ebxpdkco bvco

akx sfkefa Jeefe% Hbwkh siplx gp

kehkwkhvfddf @fpbxvel veh hfe ~fp-

sedkcofe feldkscofe Scoekxx$ lfxpfv

sfkefa Aixxi= Fkef Gpksvp avss }v

hkp ~bssfe veh ekcox valfjfopx%

Hb`fk `fpcjskcoxklx hfp 07-Mopklf

hkf Ji~ggipa$ }|kelx mfhfe \kp`fd ke

hkf Jekf veh dssx hfe Jvehfe bvco

ioef Sx{dkel fkegbco lvx bvssfofe%

Sfke Sbdie ke Lkfskel ksx fke fcoxfp

Okelvcjfp= Hfe Jvehfe fp|bpxfx fke

Ak bvs 7>fp-Mbopf Hfskle veh ai-

hfpefe Fke}fdsxcjfe$ hb}v dbvgfeka Okexfplpveh abd Idhkfs$ abd ai-

hfpef @fbxs$ lfpfkcox |kph ef`fe

Jbggff ihfp \bssfp bvco abd fke

jodfs @kfp$ be hfe \ehfe |fco-

sfdehf Bvssxfddvelfe% Dsskl$ scokcj

veh pfdbfh"

Sakdf F{fsDf`fesrvbdkxx

ioef @pkddf

Hfp Obv~xlpveh$ |bpva skco ve-

sfpf ^bxkfexfe hkf Bvlfe dbsfpe dbs-

sfe$ ksx hkf |kfhfp lf|ieefef Df-

`fesrvbdkxx$ `fsxxklx Hp% Pbkefp

\kdxgbel$ Jdkekscofp Dfkxfp hfp Sakdf

F{fs Bvlfejdkekj Bkp~ipx ba Aeco-

efp Gdvlobgfe% Hkf Jdkekj lkdx bds befp-

jbeexfp S~f}kbdksx gp Bvlfedbsfp-

@fobehdvelfe% Wkfdf Afescofe

godfe skco hvpco kopf @pkddf ihfp bvco

Jiexbjxdkesfe ka @fpvg ihfp `fk hfpGpfk}fkxlfsxbdxvel fkelfscopejx%

I` hkf Bvlfe `fpobv~x lfdbsfpx

|fphfe jeefe$ |kph fk fkefp kehkwk-

hvfddfe Wipvexfpsvcovel lfjdpx%

Hb`fk |fphfe hkf Bvlfe jia~dfxx

wfpafssfe veh akx hkfsfe @fgvehfe

gidlx hbee fke bvsgopdkcofs Lf-s~pco akx hfa ^bxkfexfe% Hb`fk

|kph lfafkesba `fs~picofe$ |bs

afhk}keksco aldkco veh skeewidd ksx%

Fke |kcoxklfp Xfkd hfs Wiplfs~pcos

ksx$ hfe ^bxkfexfe lfebv bvg}vjdpfe

veh wip bddfa sfkef Fp|bpxvelfe akx

hfe aldkcofe Fpgidlfe b`}vsxka-

afe$ fpjdpx Hp% \kdxgbel% Hkf Bv-

lfejdkekj Bkp~ipx `kfxfx kopfe ^bxkfe-

xfe bddf aihfpefe Dbsfp-Afxoihfe

be% Siddxf fkef Bvlfedbsfp`fobeh-

dvel `fk fkefa ^bxkfexfe ekcox al-

dkco sfke$ `fskx}x hkf Bvlfejdkekj Bkp-

~ipx f`fegbdds vagbelpfkcof Jfeex-

ekssf bvg hfa Lf`kfx hfp Dkesfecokp-vplkf% Afop Kegipabxkiefe }va Xof-

ab Dbsfp- veh Dkesfecokpvplkf si|kf

hkf Xfpakef }v jisxfedisfe Kegipab-

xkiesb`fehfe gkehfe skco vexfp |||%

sakdff{fs%hf)avfecofe

Okfp obx Skcofpofkx hkf ocosxf pkip kxx= Sakdf F{fs$ Bvlfejdkej Bkp~ipx Aecofe

@bxabe$ Pi`ke veh hfp Mijfp ka Gpksfvpdbhfe= Hbwkh Gfcoefp abcoxs fkegbco behfps"

Hbwkh Gfcoefp Gpksfvp

Fhfd|fksxp% 8

Xfd% 20 >2

7/30/2019 leo 12.12

16/52

Scodblfp!\fkoebcox^kej Copksxabs akx Sxbpbvglf`ix

^kej Copksxabs ksx hfp pisbpixf Sxfpe vexfp hfe \fkoebcoxs-

apjxfe Aecofes% Fp ksx jdfke$ gfke$ b`|fcosdvelspfkco veh

si jiaavekjbxkw |kf jfke }|fkxfp" Ka bcoxfe Mbop fpsxpbodx hfp

sco|vd-dfs`kscof \fkoebcoxsabpjx ka Ofp}fe hfs Ldicjfe-`bcowkfpxfds fpsxabds `fp hkf widdf Bhwfexs}fkx% Wfpbesxbd-

xfp Pi`fpx Abkfp-Jbpfs obx hfe Sxf~obes~dbx} fkeabd

afop }va ~dbcf xi `f gp bddf Ldo|fke-Gbes hfs

Ldicjfe`bcowkfpxfds lfabcox% @ks }va 03% Hf}fa`fp db-

hfe hkf |fkfe ^blihfe}fdxf be hfe kh{ddkscofe Ipx$ |i

ldfkco ef`fe hfa Hfejabd lfscox}xfe Bdxfe Shgpkfhoig akx-

xfe ka xpfehklfe Bvslfowkfpxfd xldkco wie 27 `ks 00 Vop

Sb)Si 20 `ks 00 Vop+ gdbekfpx$ lfsoi~~x$ lfgfkfpx$ lflfssfe veh

lfxpvejfe |kph% Dfs`fe$ Sco|vdf$ Gbakdkfe$ Ebco`bpe veh Ls-

xf hfs Wkfpxfds godfe skco okfp ldfkcofpabfe |iod veh gpfv-

fe skco bvg hkf gpfvehscobgxdkcof Bxais~opf$ hfe fjbeex

dfcjfpfe Ldo|fke$ hkf ~~klf Hfjipbxkie veh hkf fke}kl-

bpxklfe b`fehdkcofe Soi|-Bvgxpkxxf% @fk hfp Fpggevel ba

07% Eiwfa`fp sblxf @plfpafksxfpke Copksxkef Sxpi`d=

^kej Copksxabs s~kflfdx hbs vexf Df`fe vesfpfp Sxbhx|khfp veh sfx}x fke hfvxdkcofs ]fkcofe gp hbs lfdf`xf

Akxfkebehfp ke hkfsfa Wkfpxfd% Gpfvx fvco

bvg fkef pisbpixf \fkoebcoxs}fkx"

|||%~kej!copksxabs%hf

Xldkco va 2; Vop ksx Soi|xkaf% Ef`fe

Xpbwfsxkf$ Cobesie$ HMs veh Jb`bpfxx skeh

ofvfp bvco Sxbps hfp hfvxscofe i~! veh

Scodblfps}fef }v Lbsx= bxpkcj Dkehefp$

Mplfe Abpcvs$ Lkxxk ' Fpkjb veh Dkehb

Xfihiskv xpfxfe fpsxabds bvg hfp jdfkefe

Soi|`oef ba Sxf~obes~dbx} bvg

Aecofe Ef|s

27 di20%0>20

7/30/2019 leo 12.12

17/52

Ef|s

_!abs Ef|sXk~~s veh Xfpakef gp fkef |vehfp`bpf

\fkoebcoxs}fkx

I` fk hfe Copksxabs Giddkfs /i`fe+ ihfp hfe okdoiaiekjfpe /vexfe+ Hfp Bhwfex obx

wkfd }v kfxfe"

Leex fvco ke hfp wip|fkoebcoxdk!

cofe Ofjxkj fke ~bbp Sxvehfe Bvs-}fkx= Ka JpbgxBjx lk`x fs `fka Bh-wfexsjbdfehfp xldkco va 2; Vop fkeo`scofs Lfscofej bvs hfa Obvsf@pveis }v lf|keefe veh ba 7%20%abcox hipx b` 0> Vop hfp EkjidbvsSxbxkie$ va }vldfkco fkef efvf bpx{-pfkof }v fpggefe |bs hb lfebv ~bs-skfpx$ |kph ekcox wfppbxfe" F`fegbdds ba

Ekjidbvsxbl fpodx hfpmfeklf Lpbxksfke-xpkxx ke hfe Sbvebcdv` A68$ hfp fkaPvxfeafssfe afop bds 0>ca }v`kfxfe obx% Kaafp |kfhfp sieexblssxfofe hkf Copksxabs Giddkfs bdkbs^kll{ ' Lfef bvg hfp @oef hfsI`fpbelfp!Xofbxfps veh ~psfexkf-pfe akx kopfe Xe}fpe fkef scokddfpehf$|kx}klf \fkoebcoxssoi|% Ioef Xe-}fp b`fp akx f`fesi wkfd \kx} fplk`xskco Cobexbd L% hfa \fkoebcoxs-|boeskee ba 00% veh 03%20% ka\kpxsobvs }va Ksbpxbd ba 07%20%lk`xs hbs ^pilpbaa bds Hkeefp-Soi|akx Xkeb Diph veh Wkfp-Lelf-Afe%

\fp Copf dkf`x$ jiaax ba ?%20%}va \fkoebcoxsjie}fpx hfs Ldicjfe-`bcocoipfs va 2;%3> Vop ke hkf Pfk!

skelfpsxp% 22 ihfp dbvscox hfe okdoi-aiekjfpe$ hkf ba ;%20% va 2;%3> Vop}v fkefa jvscofdklfe Bhwfexsb`fehkes Sv` dbhfe veh bescodkffeh^vesco veh ^dx}cofe pfkcofe% Ka Sb!wblf Dfbxofp Sxipf xpfggfe skco hkfGfxksco-Gpfvehf ba 26%20% b` 26 Vop}vp Affx ' S~fbj-Ldo|fke~bpx{$hbs Fehf hfp dfhpklfe Pvehf ksx |kfkaafp iggfe% \fps `fskeedkco dkf`x$

jiaax va Dvh|kl Xoiabs OfkdklfEbcox ekcox ofpva= Xoiabs Abcjfp}odx$ s~kfdx veh skelx hkf \fko-ebcoxsdflfehf ba 02%20% b` 02 Vop kehfp @bp Ei% Bvg hfa \fkoebcoxs-abpjx ba Sfehdkelfp Xip sxfox bvco|kfhfp Abekfjs @fefgk}-Ldo|fke-sxbeh }v Lvesxfe hfp Bkhs-Okdgf% `pk-lfes= Be Ofkdkl B`feh ob`fe wkfd @bpsveh Pfsxbvpbexs hfp dfs`ksco-sco|v-dfe S}fef lfggefx% \fp bdsi ebco hfp@fscofpvel eico va hkf Ovsfp }kf-ofe ihfp hfe B`feh ke Lfsfddscobgxwfp`pkelfe |kdd$ jbee fsxfes Lf|ks-sfes bvco ba 08%20% hbs Obvs wfpdbs-

sfe$ gp Xbe}|xklf ggefx hfp E[!Cdv` b` Akxxfpebcox hkf Xpfe% Sco-ef Wip|fkoebcoxs}fkx"

Aecofe

di20%0>20 27?7 AecofeXfd%= >?; ) 0;2;8$ Gb >?;)0;2;88%>?%0>23S~kfd bvg hfa Sff ) Hkf ]bv`fpffxf

@vsgbopx Aecofe ! @pflfe} veh }vpcj$S~kfd bvg hfa Sff$ I~fp Hkf ]bv`fpffxf$0 )G ke @pflfe} /3---!Oixfd+$Scokgggbopx bvg hfa @ihfesff @pflfe} !Gpkfhpkcosobgfe veh }vpcj$ @fsvco hfs]f~~fdkeavsfvas akx Gopvel

^pfks ~pi ^fpsie ka H] )G= b` 32; /kejdvskwf Sffjbpxfe hfp Jbxflipkf 8+

Gdvsspfksf Hfp Ldbe} ipxvlbds 08%>8% ! >8%>6%0>23

Dkekfeffvl b`)`ks Aecofe$ Wip~pilpbaa 3 Ecoxf Dkssb`ie$ XpbesgfpDkssb`ie ! ^ipxi$ Jpfv}gbopx bvg hfa Hivpi akx Widd~feskie b`)`ks

^ipxi$ Bvsffvls~bjfx akx 6 Bvsfflfe

Gpo`vcofp~pfks=b` 0%0?? ~% ^fpsie /ldxkl `fk @vcovel `ks 32%>2%0>23+

Giphfpe Skf hkf bvsgopdkcofe Pfksf`fscopfk`velfe be"

7/30/2019 leo 12.12

18/52

SkeefPS Hkf Obddi|ffe!bvslb`f wie @b{fpes lp!xfp Lb{!^bpx{pfkof xpvl }v!pfcox hfe Xkxfd Cpfbxvpfs ig

xof Eklox% Obvgfe|fksf jpfbxkwf Jisx!af siplxfe gp oiofe Lpvs fdgbjxip$ pveh2 6>> Lsxf gp fkef fsxfes fsvcoxf^bpx{ ke hfp Bdxfe Jielpfssobddf% BddfRvbdkxxfe$ hkf Skeefps!^bpx{s bvs}fkco!efe$ |bpfe bvco be hkfsfa B`feh be}v!xpfggfe= Kexfpebxkiebdf HMs veh Jesxdfp

akscoxfe hkf bpx{cpi|h si pkcoxkl bvg"

BVSLFOF E @FBVXKGVD ^FI^DF

@iV@@DfBvco hkf @iv``df!^bpx{ lkel }v Obddi|ffe ke hkfecosxf Pvehf% Akx HM Sxfwfe@fbxoiih bds Cofg ka Pkel dkfg

hfp `dvxklf S~fckbdhpkej \ihjb!Cpbe`fpp{hfe Lsxfe f`fesi lvx hkf Jfodf |kf hbs@dvx hkf Lfskcoxfp ofpvexfp% @iv``df!Gbesob`fe `pklfes jfkefe Xfpake ka Hf}fa!`fp= Ciidf @fbxs veh ofkf Mvels lk`x fsokfp fpsx |kfhfp ka Mbevbp"

iCoSfeLBPxfe

Hfe 86% Lf`vpxsxblgfkfpxf hfp Icosfelbp!xfe Begbel Eiwfa`fp%

Hbakx ksx hkf Gfxksco`bp dxfsxfLb{!Dicbxkie Aecofes veh hpgxfbvco ke Hfvxscodbeh }v hfe fpsxfeDhfe kopfp Bpx lfopfe% \kpx Gpkfhd/@kdh Akxxf+ gvop mfhfegbdds fke@vggfx bvg veh okfdx hkf Lsxf akx0!gip!2!S~fckbds fk Dbvef%

BaB}ieBS Lkpds lpvsfdelfkdfp" Bvco |fee fs jfkefeHpfsscihf lb`$ obxxfe skcowkfdf hfp Ahfds }vp Obddi!

|ffe!Fhkxkie hfp Bab}iebs!^bpx{ aix!xiakl sco|fp ke Scobdf lf|ipgfe% Ig!

gfe`bp |vph fe abecof silbp lpe wipEfkh \kf kaafp fkef ofkf bpx{ebcox/ekcox evp+ gp Gpbvfe" `pklfes= Hbs2>!mopklf Bab}iebs!Mv`kdva |kph ba3>% Eiwfa`fp ka Cpi|es Cdv` akx Sxpk~!

Lkpds$ WK^!Divelf veh hfe HMs XC!Cvxveh Akss Hfdkckivs lfgfkfpx %

Giis=GfdkxBscofe`pfeefp$@dvf@sfp$IddkObbjfp

~i|fpfh `{=

2? dfi 20%0>20

7/30/2019 leo 12.12

19/52

Sof!DB Hkf bpx{ gp /wipefoadkco |fk`dkcof+ Gbeshfp Sv~fpofdhke Sof!Pb obx skco wip bddfa fk hf p me!

lfpfe Jdkfexfd fkefe gfsxfe ^dbx} ka Fwfexjbd fehfp fp!i`fpx% Jfke \vehfp$ fk hfp scodbljpgxklfe Ebafes!

lf`fp ke" \fp hkf ecosxf Bvslb` f ekcox wfp~bssfe |kd d$ avss skco`ffkdfe= skf sxfklx s coie ba 2% Hf}fa`fp$ |kf kaafp b` 03 Vop ka?`fdi| ba Obv~x`boeoig%

LDBaMbafs Avekco /@k dh dkejs i`fe+ obx lvx dbcofe=Fp ksx Pfskhfex!HM hfs efvfe Ldba!Cdv`s% Hfp obx kaEiwfa`fp hkf Ebcogidlf hfs Obeik belfxpfxfe$ hfahkf Ebxvplf|bdxfe /}vfpsx fx|bs Scoeff$ hbee wkfd

\bssfp+ }vlfsfx}x obxxfe%%% Bxais~opksco ksx skco hkf Dicbxkieka Jfddfp hfp Xofjbdsxpbf 2 b`fp xpfv lf`dkf `fe= Eico kaafp gve!jfdx fs ldbaivps$ hkf bddlflfe|pxklf 3H!Xb~fxf siplx gp lidhf!ef Sxkaavel% I` bvco hkf ]fkxfe gps Ldba lidhfe |fphfe$ avss

skco b`fp eico |fksfe% Hkf Cobecf e gp fkefe }|fkxfe Lb{!Cdv ` keAecofe sxfofe lvx"

PB| Pkix

]v |sxfe Xvavdxfe /si kefx|b hkf `fpsfx}vel hfs Xkxfds+ ksx fs kaE[!Cdv`s ldcjdkcofp|fksf eico ekf lf!jiaafe% B`fp hfp \vesco ebco fkefp

`fsiehfps bvslfdbssfefe bpx{sxkaavel hbpg hkfsfaAixxi scoie fexeiaafe |fphfe% Mfhfe Sbasxbl sxbp!xfe hkf Mvels va Cdv``fxpfk`fp Jfe Jico akx fvco kefkef |kdhf Ebcox%

7/30/2019 leo 12.12

20/52

^BPX[

Gixis=@dv

f

@ifsfp

2> MbopfBab}iebs

Ba 3>%22% sxfklx hkf Mv`kdvas~bpx{ ka Cpi|es Cdv`

\fdcof Khff sxfcjx okexfp hfp ^bpx{pfkof90>>0 |iddxfe |kp fkef Bdxfpebxkwf }va Gipxveb!Cdv`$ hfp

fke}kl gfsxfe Fkepkcoxvel gp Gpbvfe$ sfke% Hb lb` fs ef`fe

wkfpxfdmopdkcofe Fwfexs fkefe fcoxfe @fhbpg% \kcoxkl |bp

ves$ hkf Xp }v ggefe gp Sco|vdf veh gp Xpbes-!Dfvxf%

Lfpbhf ke hfp Xpbes-!S}fef |bpfe |kp fcoxf Wippfkxfp veh

skeh bvco ofvxf eico fke Bedbvg~vejx gp skf lbe} b`lf!

sfofe hbwie$ hbss fkeklf |kf }va @fks~kfd HMbef Dfb sfkx

dbelfa scoie `fk vesfpfe ^bpx{s bp`fkxfe%Lk`x fs fke Lfofkaeks fvpfs Fpgidls9\kp ob`fe lvxf Dicbxkies /Bab}iebs gbeh `ksofp be 26wfpscokfhfefe Ipxfe sxbxx+ veh kfxfe akx }|fk HMs ~piB`feh hkf jia~dfxxf avskjbdkscof @beh`pfkxf% Veh xpix}hfp |fcosfdehfe Dicbxkies skeh |kp kaafp si fx|bs |kffkef Bab}iebs!Gbakdkf lf`dkf`fe= \kp jiaafe akx hfalbe}fe Xfba veh ves ksx |kcoxkl$ hbss be @bp ihfp Lbp!hfpi`f kaafp `fjbeexf Lfskcoxfp sxfofe%Ksx hbs ^bpx{!@vskefss ofvxf sco|kfpklfp bds wip}foe Mbopfe9Hfgkekxkw mb% Begbels |bpfe |kp fke Sfd`sxlelfp$ ofvxf lk`x

fs bvco ka Gpbvfe~bpx{!@fpfkco afop Jiejvppfe} veh ke

Aecofe kaafp |feklfp lvxf Cdv`s$ ke hfefe |kp gfkfpe

jeefe% Lfefpfdd obx skco bvco hbs Bvslfowfpobdxfe wfpe!

hfpx= Lfpbhf fk hfe Gpbvfe s~kfdx mb hfp gkebe}kfddf Bs~fjxfkef lpif Piddf$ skf lfofe ekcox afop si wkfd pbvs ihfp evx!

}fe hbs Kexfpefx$ va behfpf Gpbvfe }v xpfggfe% Gpofp avss!

xf abe bvslfofe$ va mfabehfe jfeefe }v dfpefe ofvxf

ksx hkf Jv~~fd`psf iedkef%

\kf skfosx hv hkf ]vjvegx wie Bab}iebs9Sidbelf hkf Ebcogpblf hb ksx$ `fhkfefe |kp skf ebxpdkco

lfpe% B`fp lbe} fopdkco= \kp ob`fe ke dfx}xfp ]fkx scoie hbs

fke ihfp behfpf Abd `fpdflx$ oke}vscoafkfe% \bs kco akp

gp hkf ]vjvegx lvx wipsxfddfe jeexf$ |pf |kfhfp fke gfsxfp

Cdv` gp Gpbvfe akx fkefp |cofexdkcofe ^bpx{pfkof%

2> Mbopf$ 26 Dicbxkies= Wfpbesxbdxfp

Afdbekf veh Hiebdh dkcjfe sxid} }vpcj

bvg kopf bpx{pfkof veh jpkxksco ebco

wipe%

Ofdhfejdv`

Efvf ^bpx{pfkof sxbpxfx ba ?%20%

\fp skco wip fkeklfe Mbopfe ka JdisxfpJdv` |iod god!

xf$ jbee skco gpfvfe" Akx hfa OfdhfeJdv` sxfklx b` ?%

Hf}fa`fp fkef efvf aiebxdkcof bpx{pfkof$ lbe} ka Lfksx

hfp fofabdklfe Jdisxfpsco|fsxfpescobgx% Fkexpkxx evp akx

Fkedbhvel$ hb}v fke fjdvskwfs Ba`kfexf akx |fcosfdehfe

Xi~!HMs$ hkf xbe}`bpfe Oivsf s~kfdfe% Hfp OfdhfeJdv` sidd

fke Pbva ioef Lpfe}fe sfke$ fke b`lfscokfhfefp Ipx$ be

hfa abe sfkefe Dsxfe ebco lfofe jbee$ si hkf Wfpbe!

sxbdxfp `pklfes fkef sco|vdf Gpfvehfscdkrvf va Jdisxfp!

Jdv`!Fpgkehfp veh ^bpx{abcofp Hiakekj Dkeef|f`fp$ hfp

koefe b`fp evp `fpbxfeh }vp Sfkxf sxfofe sidd%

^bpx{scivxs skeh akx Fke!

dbhvelfe `fpfkxs ke hfpS}fef vexfp|fls$ `fk

koefe fpgbopx kop bvco

Hfxbkds }vp mf|fkdklfe

Dicbxkie$ hkf kaafp fkef

behfpf sfke sidd% |||%

ofdhfejdv`%hf

\fdxvexfplbel

Dfx}xf ^bpx{ ka JpbgxBjx wkfddfkcox"

Hfp wkfd `fsco|ipfef \fdxvexfplbel$ hfe hfp Ab{b!

Jbdfehfp bvg hfe 02%20% hbxkfpx$ dssx bvco hkf Aecoefp

S}fef ekcox jbdx= Si gfkfpx abe ka JpbgxBjx be mfefa B`feh

b` 0> Vop Hkf dfx}xf bpx{ hfp Afescoofkx$ fk hfp abe

eicoabd bvslfdbssfe gfkfpe sidd% @b`{ @v``df `kfxfx bvfp!

hfa bddfe Sehfpe hkf Cobecf$ skco hvpco fkef ^pisfcci!

Xbvgf wie bddfe Dbsxf/p+e }v `fgpfkfe veh Fkedbss ke hfe

Okaafd }v fpobdxfe% \fp ke felfdsldfkcofa \fk fpscofkex$

fpodx }vhfa 2 Gkcjfe bvgs Obvs% Siddxfe skco hkf Ab{bs

mfhico lfkppx veh abe hfe B`feh ve`fscobhfx `fpsxbe!

hfe ob`fe$ jbee abe ldfkco gps Skdwfsxfpafe ka JpbgxBjx

pfsfpwkfpfe%

Hfp Jdisxfpjdv` gfkfpx ba

?% Hf}fa`fp bds Ofdhfe!

jdv` Bvgfpsxfovel ke

efvfp Dicbxkie%

Ldba!ivps"

Efvfp Lb{!Cdv` ksx fkelf|fkox

Hbs Fpggevels!\icofefehf ksx wip`fp$ hfp

Ldba!Cdv` obx sfkef Gfvfpxbvgf fpgidlpfkco fsxbe!

hfe" Ba ;% veh 2>% Eiwfa`fp lkelfe fpsxabds hkf

Xpfe hfs fofabdklfe Obeik bvg$ va hkf Lsxf ke

hfp `pbehefvfe Dicbxkie }v fa~gbelfe% I~xksco

obx skco ekcox bdd}v wkfd lfxbe$ |bpva bvco9 Hfp

Cdv` |bp ioefoke rvbsk pbehefv$ fkefpsfkxs scokcj veh behfpfpsfkxs hvpco

hkf jdfkexfkdklf Pbvalfsxbdxvel divelkl veh jiaavekjbxkw% Mfx}x lkdx fs$ hkf ldba!ivpsfe Lsxf`fk Dbvef }v obdxfe% Jfke pi`dfa hpgxf hbakx Pfskhfex!HM Mbafs Avekco /@kdh+ ob`fe$ hfp hkf

Xbe}gdcof }vwfpdsskl veh akx ~bpx{xbvldkcofe @fbxs gddx% Besiesxfe siddfe Aixxi!B`fehf |kf

Lidh$ Efie$ ?>fp ihfp @dbcj ' \okxf si|kf hkf \kfhfp`fdf`vel hfp dflfehpfe Aipk}}!^vgg~bp!

x{s gp b`|fcosdvelspfkcof veh s~bklf Ecoxf siplfe% Bj}f~xb`df Lfxpejf~pfksf si|kf gpfkfp

Fkexpkxx ks 03 Vop dicjfe hkf bpx{cpi|h }vsx}dkco ke hfe Jfddfp hfp Xofjdbsxp% 2%

^BPX[ BVSLFOFE

0> dfi20%0>20

7/30/2019 leo 12.12

21/52

Aecofes efvfp Lb{!Cdv`ofkx Ldba

^bpx{

di 20%0>20 02

aiexblsHfp Aiexbl fex|kcjfdx skco }va B`feh gp Jkei!Gpfbjs% Ef`fe AieLb{$hfp rvffpfe Jkeipfkof /02%26 Vop Bxfdkfp+$ `kfxfx mfx}x bvco hkf sco|vd

lfgopxf Lbsxsxxxf Abpc'Gpbejkfs ke hfp Bv akx Ckef ' Hkeefp fx|bs

gps Bvlf veh hfe Ablfe% Kaafp aiexbls va 2;%3> Vop |fphfe jvdxklf$

|kx}klf Sxpfkgfe |kf Lfkfp|bddk ihfp Ka Okaafd ksx hkf Oddf dis lf}fklx%

hkfesxblsEbco si wkfd Jvdxvp ba Aiexbl hbpgs ba Hkfesxbl lfpe abd |kfhfp fke

scodkcoxfs Lfxpej sfke veh lesxkl$ kxxfscoe" Jfke pi`dfa= @fka Cbk!

~k!S~fckbd ka Pv`ke$ hfa Scoeb~sb`feh Soix xof Xvfshb{ ka @bv ihfp

hfa \fk`kfpb`feh ka Pisxklfe vhfd jiaax abe lesxkl ke Sxkaavel%

Hkf Pfkofegidlf hfp @bpxivp siddxf mfhfp sfkefa Ablfe `fpdbssfe% ^pisx"

akxx|icos\fkoebcoxsabpjx!Gbes gbopfe ba 6%20% akx hfa Lb{ Ivxhiip!Cdv` ebco

Bdxxxkel% \fa bvco b`fehs eico ebco \fkoebcoxfe ksx$ jiaax `fka

Ldo|fke!S~fckbd ka Pboafe hfp Fvpi!Eklox ka JpbgxBjx bvg sfkef ^piakd!

df% \fp lbp jfkef Boevel obx$ |ioke fp lfofe sidd$ scodkfx skco ba 20%20%

hfp Sv`!Bvslfolpv~~f be$ hkf skco va 0> Vop ka ]fexpva xpkggx veh lf!

afkesba hkf S}fef veskcofp abcox%

hieefpsxblsKa Pfehf}wivs |kph mfhfe Hieefpsxbl va fkef Gdbscof Coba~blefp ihfp

skco |bod|fksf va Ji~g veh Jpblfe lfsvelfe% Hkf Skel@bp ksx mfhfegbdds

fke Fpdf`eks gp Bvl veh Iop% ^pbjxksco lflfe`fp$ ka Fhfdofk$ lfoxs

pvoklfp }v% @fka @bpxb`feh ksx hbs 0% @kfp gp Lfskcoxsobbpxplfp vasiesx%

I` hbs bvco gp belfjdf`xf Ekjidbvs`pxf lkdx9 pi`kfpxs bvs"

gpfkxbls\fee ka Bhwfex sxehkl hkf Ldicjfe sfp ekf jdkelfe$ xve behfpf Sivehs

abd pkcoxkl lvx% Xbeli!Gpfvehf jiaafe hb`fk `fk Rvffp Xbeli ka Bxf!

dkfpobvs hfp Ldicjfe`bco|fpjsxbxx mfhfe Gpfkxbl bvg kopf Jisxfe% Hfp

sco|vd!dfs`kscof Jdbsskj!Cdv` ggipxksskai siplx ba 28%20% f`fegbdds gp

scoef Xef mfesfkxs hfs |fkoebcoxdkcofe Jdkelfdkel% Hbs ldfkcof lkdx gp hkf

Sco|vo~dbxxdfp$ hkf ba 02%20% ke Sx% \kddk`piph }vp }egxklfe pi`f dbhfe$

lbe} ka b{fpkscofe Sxkd%

sbasxblsJbggff ka Sdkel9 Ekcox lbe} %%% B`fp fs jeexf fka dicjfpfe Gfxkscoxpfggfe

Affx ' S~fbj ka Sbwblf!Dfbxofp!Sxipf hvpcobvs wipjiaafe% B` 23

Vop dhx Jfe }v Lpbxks!O~~cofe$ Hpkejs veh fka _abs!S~fckbd ba 26%20%

}v Ldo|fke sbxx% B ~pi~is Jbggff= Ka Sv`!]fexpva sxbpxfx hfp ^dbvsco

mfhfe Sbasxbl va 26 Vop$ |fee hkf Aeefp wie Lb{ ' Lpb{ Sfd`sxlf!

`bcjfefs }vlvesxfe hfs ]fexpvas gfkd`kfxfe%

sieexblsHfp Sieexbl |kph }va Cpvkskel!Xbl= Ekcox evp hfp Icosfelbpxfe ggefx

b` 26 Vop sfkef Xpf }va \kexfplbpxfe veh wfps~pkcox Cpvkskel!Gve%]vhfa jbee abe ba Xbl hfs Ofppe bvco ke hfe Fpixkjsoi~s Hv~df vehFpixk si|kf ka @vhh{!Soi~ ebco Oof~vejxfe }va Bvsjdbel hfp \i!

cof svcofe% \fp hbs }v sfvfdd gkehfx$ b`fp lfpe fkefe Lpkgg vexfp hkf Lp!

xfddkekf ke Jbvg ekaax$ baskfpx skco `fk hfe Copksxabs Giddkfs ^kll{ '

Lfef be mfhfa Bhwfexssieexbl 0> Vop ka I`fpbelfp!Xofbxfp%

Hfp Dfi!Gopfp

hvpco hkf \icof

ka Hf}fa`fp

Bvslfofe

7/30/2019 leo 12.12

22/52

Ciid `dfk`fe$ gpkfhdkco gfkfpe

\kph Lf|bdx bvg hfp Gfkfp`bebef `fpscox}x9

Sfkx hfa Gpombop hksjvkfp abe `fp }vefoafehf Lf|bd veh Bdjioidfx}fssf bvghfp Sieefespbf$ Aecofes lpfp keefpshkscofp ^bp{afkdf% Vefp hfa XkfdCiid `dfk`fe gpkfhdkco gfkfpe ke Aecofe sfddfe ba 07% Iji`fp Cdv``fpfk`fp$^idk}fk veh JWP fkef lfafkesbaf Bjkie wip$ hkf bvg dbjbfe veh Gd{fpe }va gpkfhdk!

cofe Akfkebehfp veh abwiddfe Valbel ak Bdjioid bvggiphfp% Vefps} |kph hkfBjkie wie shkscofe Spff|ipjfpe$ hkf ebcos vefp|fls skeh% Hkf besssklfe Cdv`!`fpfk`fp ob`fe /`vehfs|fk fkeabdkl"+ silbp fke lfafkesbafs Obvswfp`i gp Ve`f!dfop`bpf fscodissfe$ }vhfa jbee hbs JWP @fpfvelswfp`if gp \kfhfpoidvelsfpbvss~pfcofe%Hkf Abeboafe sfkfe }|bp ofipfksco flpfes|fp$ ~pbjksco b`fp `fppkf`fe$ siHbwkh S wia Obpp{ Jdfke!Cdv`% Fs lb` sfk Abk lfpbhf abd wkfp @fpfvelswfp`if$Obvswfp`if |vphfe eico lbp jfkef bvslfs~picofe% Bvs sfkefp Skco ob`f skco hkfSkvbkie bvg hfp Gfkfp`bebef ekco wfpscopg% \i afop Dfvf gfkfpfe$ skflfe f`febvco hkf b`sidvfe ]bodfe$ {~ksco gp fkef df`fehklf Lpisbh% Bvco Jfe Jico wialflfe`fp dkflfehfe E[!Cdv` skfo hkf Hksjvsskie va Lf|bd veh Bdjioid lfdbssfe=Ke hfp Keefesbh ob`fe |kp ka lpife veh lbe}fe fke sfop iphfedkcofs ^v`dkjva$scodkfdkco skeh |kp ekco hkf Jvdgb`pkj% Ke hfp Addfpspbf ks akp mfhfegbdds scoie afopVebelfefoafs ~bsskfp bds bvg hfp Sieefespbf% Ka Gpombop 0>23 |iddfe skco bddf@ffkdklfe |kfhfp pfggfe$ va }v pfsakfpfe veh |fkfpf Scopkf }v `fs~pfcofe%

Rvffpfs SkdwfsxfpGfkfpe ke hfp Gbakdkf

Gp wkfdf ksx hfp Mbopfs|fcosfd fke Bedbss }vp @fskeedkcojfk% Scobhf mbbvco ekco% Hkf Skdwfsfpebco siddf abe skco b`fp `kfscoe ekco hvpcop`f Lfhbejfe wfpakfsfe dbssfe hbgp ks ba ioefoke wfpjbfpfe 2%Mbevbp fssfpf Lfdflfeofk% Bdsi$ ekcos |kf pbvs ke hkf rvffpf S}fef$ |iebpdkco ke bdd fvpfe Dkf`dkelsdicbkies hbs efvf Mbop `flp |kph% GpGpbvfe skfl fke lpifs Gfs ka Scodiss$ besiesfe |kph ke bddfe Cdv`s$ @bpsihfp bvco ka Sv`!]fepva bvgs efvf Mbop belfsife% Fke @dkcj ke vesfpfeJbdfehfp lk` fvco fkefe `fp`dkcj veh lvf Xk~~s" B`lfsfofe hbwie=Bvg veh vefpobd` hfp Pfkcofe`bco`pcjf gkehf hkf lpf Ivhiip!^bp{ hfs Ldicjfe`bcowkfpfds sb$ ebpdkco ak pfkcodkco sco|vd!dfs`k!scofa ^v`dkjva% B`fp Bcovel= Hkfsf Gpfkdvgwfpbesbdvel ks ekcos gp

sco|bcof Efpwfe" Fs ks fel$ dbv veh hkf Gfkesbv``fdbsvel hbej Xbv!sfehfp Pbjffe fes~pfcofeh oico bvfphfa |kph ekco mfhfp Gfvfp!|fpjsjp~fp bvco iphevelslfa b`lfscoissfe%%% \fe hbs ekco b`!scopfcj$ baskfp skco b`fp `fsfes% \kp |escofe fkef gbebskscof Skd!wfsfpebco" Fkef `fpskco `fp rvffpfs Skdwfsfpwfplelfe gkehf kop kehfp Mbevbpbvslb`f wie dfi$ hkf ba 02% Hf}fa`fp fpscofke%

Hkf Sieefesxpbf= Bvco gp sco|vdf Lsxf fke skcofpfs gdbsxfp

Jfke S~ffh!DkakxOidkhb{ Ie Kcf lk x Lbs"

Ofkf Pfkgfe bvg fksjbdxfa Vexfplpveh9 Hkf fpoaf Sjbkel!Soi| Oidkhb{ Ie Kcfabcos aldkco" Pbsbef Aiippbhs}fefe$ gdkflfehf Bpksfe veh kefpbjkwf S~kfdf ak hfa^v`dkjva fskaafe hkf Efv~pihvjkie S~ffh$ hkf wia 32% Mbevbp ks 2>% Gf`pvbp ke hfpId{a~kbobddf }v Lbs ks% Hbak hvpco`pkco hkf Soi| hkf `ksofpklfe Lpfe}fe hfs Fksjves!dbvgfs% Ebco fkefa gfvpklfe Bvgbj gidlfe |blobdsklf Jvesscjf veh fcof ]kpjvss}fefe%B`fp bvco jdbsskscof Fdfafef |kf hbs dflfehpf Oidkhb{ ie Kcf!Pbh hpgfe ekco gfodfe% Hbsefvbpklf Soi|jie}f~ keflpkfp bdsi avklf Wkskiefe veh `fsf Xpbhkkie% Bds S~fckbd Lvfsks bvfphfa hkf pbskdkbekscof Fefpbkefpke$ HSHS!Mvpipke veh Selfpke Gfpebehb @pbehbiak wie hfp ^bpkf% Hkf Xkcjf!^pfksf f|flfe skco }|kscofe 2;$;> `ks 8;$;> Fvpi$ Jbpfe skehfpoddkco fk |||%avfecofexkcjfx%hfveh be bddfe fjbeefe Wipwfpjbvgssfddfe%

Vexfplflbelfe Bvgfpsxbehfe

E[%C gfkfpx 2 Mbop

Dvvs~i~

Vexfplflbelfe Bvgfpsxbe!

hfe% Si jeef abe hkf eico ka!afp mvelf Lfscokcof hfp Gpfkbls!^bp{pfkof Dvxvs~i~ ka E[!Cdv`vascopfk`fe% Ke fkefa Mbop Dv!xvs~i~ ob`fe |kp |iod scoieafop Fpdf`ekssf aklfeiaafe$ bds

behfpf ke fkefa lbe}fe ^bp{df`fe$ lpkes ^bp{abcofp JfeJico% Ka Hf}fa`fp 0>22 ob hkfsf ^bp{ hfe rvffpfe Gpfkbl|kfhfp`fdf`% Jvp} hbpbvg obfe fk fkefa Piop`pvco ke hfp Sie!efespbf afop bds }|fk Akddkiefe Dkfp \bssfp hfe Cdv` `fp!sco|faa veh fkef gbs sfcosaiebklf ]|bels~bvsf ak skcolf`pbco% Hfeeico obppfe hkf Dvxvs~i~!Gbes lfhvdhkl bvs veh`fscofpfe hfp ^bp{ ebco hfp \kfhfpfpggevel fke ldbe}widdfsCiaf`bcj% Va hbs jdfkef Mv`kdva lf`opfeh }v gfkfpe$ |kph hfpfpsf Lf`vpsbl ba 20

Bvslfofe ^bpx{

7/30/2019 leo 12.12

23/52

7/30/2019 leo 12.12

24/52

\fkoebcoxfe ofkx ]fkx gp Gbakdkf veh Gpfvehf$ Bvs}fkx wia Bddxbl$ ]fkx gp lfax!

dkcof B`fehf }v }|fkx ihfp afopfpfe% \bpva hbee ekcox bvco abd hkf Jcof jbdx

veh skco wfp|oefe dbssfe9 ]va @fks~kfd ke Pfsxbvpbexs$ hkf }vp \fkoebcoxs}fkx Af!

es }vsbaafesxfddfe$ hkf ke gfsxdkcofa Ba`kfexf hfe pkcoxklfe Pboafe gp fke f!

siehfpfs Wfp|oefpdf`eks scobggfe% Fkef jdfkef jvdkebpkscof Pfksf hvpco hbs Ldicjfe!

`bcowkfpxfd%

Ebxpdkco lfox ba Pfsxbvpbex Hfvxscof Fkcof hkf \fkoebcoxs}fkx ekcox s~vpdis wip!`fp% Hkf Hfjipbxkie lde}x gfsxdkco$ hkf Afes abcofe Dvsx bvg hkf Gfkfpxblf= @ks

}va 03% Hf}fa`fp sfpwkfpx abe okfp fke Bhwfexsafe bvs gfkefp Sv~~f$ Fexf akx

Jehfd veh @dbvjpbvx si|kf fke Scodfaafp!Hfssfpx }v 02$?> Fvpi% Ba 06% veh 07%

Hf}fa`fp jiaafe Fexfe veh Lesf bvs hfp \fkoebcoxsjcof gpksco bvg hfe X ksco%

Bvco |fee ke kopfa Jvdxvpjpfks \fkoebcoxfe fklfexdkco ekcox lfgfkfpx |kph= Ke kopfa

bglobekscofe Pfsxbvpbex @ba{be Ebplfs dssx skco Keob`fpke Kssbp Bafpcofd gp kopf

Lsxf lfpe bvg hkfsf Xpbhkxkie fke% Hkf Jcof hfs |vehfpscoe fkelfpkcoxfxfe Pf!

sxbvpbexs `fsxkcox hvpco bvslf|ilfef Bpiafe veh fke obpaiekscofs Akxfkebehfp

wie gpvcoxkl!sfe$ sbvpfe veh sbd}klfe Lfscoabcjseixfe% Leex fvco fke fixk!

scofs \fkoebcoxsfpdf`eks bvs Jp`ks$ Jbphbaia veh Sbgpbe"

\fee fvco \fkoebcoxfe kplfeh|kf s~beksco wipjiaax$ hbee sfkh kop wkfddfkcox ke

hfp @ihflb Hbdlfdbehfx% Ke hfa wfp|kejfdxfe Sco|b`kelfp Lf|d`fjfddfp fexsxfox

hbej Jfp}fedkcox$ wfpsxfcjxfe Ekscofe veh vebvghpkeldkcofp Hfjipbxkie fke fkeabdk!

lfs Ba`kfexf% Bvg hfp Jbpxf sxfofe jbdxf veh |bpaf Xb~bs$ Sv~~fe veh Fkex~gf$

Gdfksco veh Gksco$ oke}v jiaax fkef |fcosfdehf \icofejbpxf% bssfeh hb}v fa~!

gfodfe hkf Keob`fp sfd`sx ka~ipxkfpxf s~bekscof \fkef veh ~pkcjfdehf Cbwbs% Gfdk}

Ebwkhbh"

\fp lfpe scoie wipakxxbls bvg Scodfaafpxivp lfox$ hfa sfk ka Hf}fa`fp hfp \fko!

ebcoxs`pveco ka Cv`f Pfsxbvpbex ' Lbphfe bes Ofp} lfdflx% Keob`fp Abpjvs

Afesco obx sfkefa fpsx jp}dkco ke Sfehdkel |kfhfp fpggefxfe Dijbd fkefe gpkscofe

Besxpkco wfp~bssx veh fs melfp$ aihfpefp veh dssklfp lfabcox% Fexs~pfcofeh hfp

aihfpef @pveco= Ef`fe hfe Jdbsskjfpe |kf hfp \fk|vpsx skeh Sbdbxf$ Fkfps~fksfe

veh db cbpxf!S~f}kbdkxxfe si|kf bddf Lfxpejf kejdvskwf hfs Cv`f pvx afxoihf

Coba~blef ka pfks wie 8; Fvpi ke`flpkggfe%

dfi |escox lvxfe B~~fxkx$ gpiof \fkoebcoxfe

veh fkefe lfevsswiddfe Pvxsco kes Efvf Mbop"

Hkf \fkoebcoxs}fkx

lfekffeWkfdf Pfsxbvpbexs `kfxfe mfx}x |vehfp`bpf Gfsxxbls!Afes%Lfox bvs veh dbssx fvco wfp|oefe"

LBSXPIS^FCKBD

08 dfi20%0>20

BVSLFOFE

7/30/2019 leo 12.12

25/52

Pfdbxf Bxais~opf ke fkefp belfefoafe Akscovel bvs @ksxpi veh Pfsxbvpbex

Hbs \ipxs~kfd ka Xkxfd fpscodkfx skco

wkfddfkcox ekcox mfhfa= \bs ebco Ef|

[ipj jdkelx$ ksx fke S~fksfdijbd$ hbs skco

ka Aecoefp Isxfe bvg hfe Beoofe

Lkfskel `fgkehfx% Bvco |fee fs fke

|fekl wfpsxfcjx dkflx$ fs dioex skco$ hbs

V~~fp Fbx Skhf bvg}vsvcofe% HbsKexfpkfvp ksx lfpbhdkekl$ lpi}lkl veh

belfefoa$ hkf wkfdfe jdfkefe Xkscof

`kfxfe bvco ^dbx} gp fke piabexkscofs

Xpfggfe }v }|fkx% Ke hfp Jcof `fpfkxfx

Xoiabs Sxpi`d xldkco gpksco }v$ |bs

hfp Abpjx ofplk`x% Hb`fk jiaafe hkf

^pihvjxf gbsx bvsscodkfdkco bvs hfp

Pflkie% I` Gdfksco$ Gksco ihfp Lfasf$

i` Jbggff$ @kfp$ Sbgx ihfp 26 wfpscokf!

hfef ^isxfe \fke= ]v hfa afksxfe

sfkefp ^pihv}fexfe veh Dkfgfpbexfe

obx Keob`fp Micofe Jpf~~fd ~fpsedk!

cofe Jiexbjx veh hbs |kpjx skco eb!

xpdkco bvg hkf Rvbdkxx bvs% ]|kscofe

2? veh 2; Vop `kfxfx hbs V~~fp Fbx

Skhf fke lesxklfs Fbpd{ @kph!Afe% B~pi~is Afe= Be hfe Bhwfexsieexb!

lfe lk`x fs okfp fkefe vagbelpfkcofe$

~~klfe veh fpdfsfefe \fkoebcoxs!

`pveco$ Pfsfpwkfpvel |kph fa~giodfe%

V~~fp Fbx Skhf\fpkeofpsxp% 26

Xfd% 3; 0; 07 ?;

|||%v~~fpfbxskhf%hfKeob`fp Micofe Jpf~~fd veh Xoiabs Sxpi`d

Lbsxpi lfekbd ke Lkfskel

Hbs V~~fp Fbx Skhf ksx dfcjfp veh dicjfp }vldfkco

Hbs Skflfp!Pf}f~x"Gdipfexkefp Abehfdjsfjvcofeakx Oka`ffpfe

Ap`xfkl= 0>>l Afod$ 2 pksf Sd}$

6>l lfpkf`ff Ahfd$ >l Alfprvpj$ 06>l

Sofrvpj$ 6 Fkfp$ 20>l ]vcjfp$ 2 Wkd!

df}vcjfp$ 2 ^cj Wkddf~vhhkl$ 3>>l

Xkfgjod!Oka`ffpf$ 2 Fd% Sfaafd`psfd

]v`fpfkxvel= Ap`xfkl k fkf S~pkl!

gpa /07 ca+ hpcjf vh jdx sxfddf% Fk!

fp$ ]vcjfp vh Wkddf}vcjfp scovakl

popf$ ^vhhkl~vdwfp$ Sof vh Alfp!

rvpj vxfppopf vh hf @hf akx

Sfaafd`psfd `fsxpfvf% Hkf Odgxf hfp

Rvpjassf k hkf Gpa gddf% 26>l lf!gppff Oka`ffpf hpvg lf`f$ pfsxdk!

cof Rvpjassf vh Oka`ffpf hpvg

wfpxfkdf% Ka wplfofk}xf @cjgf

/F!Ofph 2 Lph+ 6> Akv!

xf `cjf% K}|kscof 2 Fd% @vxxfp$

206l Sof$ >l Ahfd`dxxcof$ 26l lf!

ocjxf ^ksx}kf$ 3>l lfocjxf @fdfljkp!

scof }vlf`f vh c% 0 Akvxf jcofd%

Ahfdassf vg hf Jvcof wfpxfkdf

vh |fkxfp 2>!

26 Akvxf `j!jf% Jvcof

vsjodf ds!

sf vh akx ^v!

hfp}vcjfp `f!

sxv`f%

Coffs{!dkckivs"Xiddf Xipxfe `fka DFI!Jsfjvcofe!Ciexfsx

Hfp fpsxf DFI!@bcj|fxx`f|fp` ba

2 Lsxf |iddxfe skco hfe S~b

ekcox fexlfofe dbssfe veh |bpfe }va

Xfsxfssfe kes Sv` lfjiaafe% I` akx

Abehfde ihfp akx Gpcoxfe$ i` ~~kl

wfp}kfpx ihfp jdbssksco!scodkcox$ i` pveh

ihfp silbp ke Gipa fkefp Jvo= Hfp Gbe!

xbskf hfp @cjfpKeefe |bp be hkfsfa

Sbasxbl jfkef Lpfe}fe lfsfx}x% Ba

Fehf |vphf hkf dxfsxf Xfkdefoafpke }vp

Skflfpke lfjpx= Beefdkfsf jieexf akx

kopfa xpbhkxkiefddfe Gdipfexkefp Abe!

hfd!Jsfjvcofe akx Oka`ffpfe /Pf!

}f~x vexfe"+ ekcox evp hkf bes~pvcoswid!

dfe Lbvafe `fp}fvlfe$ skf lf|bee

bvco fkefe @bcjjvps ka Cbg Jv`kx!

scofcj$ |i skf kopf Jvesx eico wfpgfk!

efpe jbee% Vesfp Hbej lfox be Bpake

Sxfl`bvfp$ hkf Akdjb!\fdx veh be hbs

felblkfpxf Xpfsfe!Xfba hfp Lpv~~f

Lb{ ' Lpb{"

Wfpbesxbdxvels!Absjixxcofe fxpb fpdf

/i`fe+$ hkf Mvp{ bvs F~fpxfe veh Sv`!@f!

svcofpe$ Jsfjvcofe!Jeklke Beefdkfsf

veh efvlkfpklf Lsxf fk hfp Wfpjisxvel

bvslfofeLbSXPieiAKF

Aiexbls 02=26Bxfdkfp!Jkei$ Sieefesxp% 20

Jbpxfeoixdkef= >?; ! 6; 2; 2?

Hf}fa`fp 0>20

>3%20%02%26 Vop$ Kspbfd 0>22$?6 ake$ IaV

[issk

]foe Mbopf ksx fs ofp$ hbss ves F{xbe Giakx [issk ' Mbllfp `fp hkf Dkf`f }|kscofe}|fk kspbfdkscofe Sidhbxfe `flfksxfpxf% Akxx!dfp|fkdf ksx [issk Jbphkidilf$ df`x b`fp sfkxhfa Xih Mbllfps bddfke veh }vpcjlf}ilfe%@fk fkefa Vpdbv` dfpex fp fkef Lpv~~f mvelfpIg}kfpf jfeefe veh wfpdkf`x skco ke hfe lvx!bvssfofehfe$ iggfe sco|vdfe Xia% Fke abd`f|flfehfp$ abd jiakscofp Gkda `fp hbsDisdbssfe veh hfe Efv`flkee%

2>%20%02%26 Vop$ H 0>20$ ;> ake

\fsxfpdbeh

]|fk Mvels bvg fkefp Kesfd% Si fkegbco jbeefkef Lfscokcoxf sfke$ |fee skf hfp @fpdkefpBvxip Xka Sxbggfd /Xfppiphpia+ fp}odx% Ke sfk!efa Pflkfhf`x ebco sfkefp fklfefe EiwfddfMfss veh Aiobaafh `flflefe skco }|fklpvehwfpscokfhfef Mvels$ fke Hfvxscofp vehfke Xpjf$ bvg hfp |kexfpdkcofe EiphsffkesfdS{dx veh lfpbxfe `bdh ke lflfesfkxklf B`oe!lkljfkx% Veh hb}v `pbvcox fs lbp ekcox wkfdfp\ipxf% Scoe%

222$

;7 ake$ IaV

fCv~kh

Abe siddxf skco `fssfp fpsx hkf Wfpxpbls`f!hkelvelfe hvpcodfsfe$ `fwip abe skco fkefHbxkel!B~~ pvexfpdhx% fCv~kh `pkelx fpsx!abd Abpsobdds Pfcoefp }va B`sxvp} vehhbee sfke `ks hboke pfcox fkelfscodbgfefsDkf`fsdf`fe lfopkl hvpcofkebehfp% ^dx}dkcosxfofe sfovelpklf Mvels ldfkco ka Hvx}fehScodbelf% \kx}klf Piabexkjjiahkf akx s!fe @i{s%

7/30/2019 leo 12.12

26/52

Wie Obd`ofp}kljfkxfe odx Mif I~~fhksbei ekcoxs% Hkf Jfp!

df$ hkf gp hfe Ef| [ipjfp Gixilpbg wip hfp Jbafpb ~iskfpfe$

skeh bddfs behfpf bds bpxklf Sco|kflfpsioex{~fe veh assfe skco

bvco jfkefs|fls wfpsxfddfe% Skeh hbs eico kes}fekfpxf Gixisfs!

skies ihfp hico scoie hbs Wips~kfd }v ipeis}fefe9 I~~fhksb!

ei$ Mboplbel 2;7

`febeex$ hfa Jp}fd gp mbcj igg$ bdsi absxvp`kfpfe% Veh

eico fke jdfkefp \f`xk~~= I~~fhksbeis Gixi!@dil k|bsbdai!

sxbeb`ipxkie%`dils~ix%hf ksx fkef bddfs behfpf bds mvlfehgpfkf

veh fdxfpelffklefxf Sbaadvel fklfefp Bp`fkxfe |kf bvco be!

pflfehfp Efx}!Gvehsxcjf%

Pbebehkf

@vdfxxfe

Mif I~~fhksbei M)I$20? Sfkxfe$ Obphciwfp akxScovx}vascodbl$ 3;$ ;6 Fvpi

Mif I~~fhksbei jiaax ke sfkefa

efvfe Gixi`beh M)I }vp Sbcof

Jvdxvp @kdh@beh

07 dfi20%0>20

7/30/2019 leo 12.12

27/52

Jvdxvp@kdh@beh

dfi 20%0>20 0

7/30/2019 leo 12.12

28/52

Xvpexb`df CobpxsSCIVXHM ABPRVF]

Ka Hf}fa`fp bjxvfdd bvg hfa Hbecfgdiip

Hfke efvfs Bd`va ksx pfcox ciidveh b`|fcosdvelspfkcolf|iphfe% Sidd hfkef SkeldfHkf [ivel }vp efvfe^bpx{o{aef |fphfe9Oiggfexdkco |kph fs fkef% Hbs ksx hbs]kfd%Obsx Hv hfee Belsx hbwip$

mvel }v sxfp`fe9Kco ob`f wkfd fpdf`x ke hfe dfx}xfe }|fkMbopfe$ veh kco ob`f akco |kpjdkcookefkelfsxp}x ke hkfsfs Df`fe$ ke hkf!sf sxehkl$ efvfe$ wfppcjxfe Fpgbo!pvelfe% Kco ob`f bdsi mfhfe Xbl silfdf`x$ bds |fee kco bdh sxfp`fe |p!

hf% `fp hkfsf Khff$ mfhfe Xbl bvs}v!jisxfe$ ob`f kco hbs Dkfh lfscopkf`fe%\kf bdx |kddsx Hv hfee |fphfe926>9Hbs |pf |iod fke efvfp Pfjiph% Abdscobvfe$ |kf skco hkf \kssfescobgxfex|kcjfdx% Kco acoxf ve`fhkelx$hbss ebco afkefa Xih hfp Ji~g fke!lfgpipfe |kph%Evp hfp Ji~g9Ijb{$ afkef @psxf bvco%

Bdsi hkf fsxfe fkhfe Sxfddfe$ihfp |bs9Fbjx% Veh hbee siddfe hkf hbs bvgxbv!fe veh mfabeh behfpfa bvg veh behfe Jp~fp sxfcjfe% Obx \bdx Hksef{hbs ekcox bvco lfabcox$ skco fkegpkf!pfe dbssfe9 Kco ldbv`f scoie% \bdxHksef{ veh kco$ |kp |fphfe hkf \fdxpflkfpfe%Hv sblsx$ hbs efvf Bd`va ksxCicj Picj veh hbss Hv hbs^i~!Lfepf efv fpgkehfe |kddsx9Fs ksx ekcox evp b`fp bvco Cicj Picj%Hb}v jiaafe Hbecf i~$ PicjePidd$Pb~$ kco |iddxf fkefe Obvgfe vexfp!

scokfhdkcofp Lfepfs wfpfkeklfe bvghkfsfp ^dbxxf% Kco afkef$ hbss kco akxKll{ ^i~ ihfp hfe Gdbakel Dk~s lfbp!`fkxfx ob`f$ }fklx }vakehfsx$ hbss kco$|fee kco scoie ekcox hkf ^i~avskjefv fpgkehf$ si hico |feklsxfes Lpfe!}fe }|kscofe hfe Lfepfs fkepfkf% Kco|iddxf akco sfd`sx fke ksscofe giphfpeveh ekcox hbpbvg bcoxfe$ |bs hkf Jpk!xkjfp sblfe%

Kexfpwkf|= Sxfggfe Pxo

Cicj!Picj!JpkflfpkeAkx Xkj Xij |vphf Jf(ob }va |fdx|fkxfe

^i~sxbp% Mfx}x dflx skf akx \bppkip kop }|fkxfs

Bd`va ebco%

Jf(ob abcox bvg Bab}ief

Jf(ob \bppkip/Sie{+|||%jfsobs~bpx{%cia

Jfsob Hkf [ivel /Hbecfcia ^pimfcx Ak+

Fepkrvf Kldfskbs gx Sbaa{ Bhbas Gkebdd{ Giveh [iv

Cbpd~pkx Gkfsxb /Akcobfd Akeh pimfcx Pfak+

Bvhki db{lpiveh gfbx% Seii~ Hill Fafplfec{

Gd{ pimfcx Avskcb

28%20% Cdv` Ef| [ipj /Aecofe+ Dvvs~i~$ 02%20% Cdv`Beeb$ 0;%20% Li{b$ 32%20% Cdv` Beeb /Bscobggfe`vpl+

^i~)Picj

Bebsxbckb

Kop dfx}xfs$ fofp fexxvscofehfsSxvhkibd`va Ofbw{ Pibxkie dkflxeve wkfp Mbopf }vpcj% Efvf$ fklfefSiels obx Bebsxbckb fpsx gps jia!afehf Mbop belfjehklx% Va hkf]fkx ekcox bdd}v dbel |fphfe }v dbs!sfe$ obx skco eve fkef pfkef Ciwfp!CH akx Picjsiels wie Aeefpehb}|kscofe lfscoi`fe= Jdbsskjfpwie hfe Piddkel Sxiefs `fp @bcj ke@dbcj wie BC)HC `ks Dfh ]f~~fdkesi|kf bjxvfddfpf Siels$ fx|b wieIbsks /\iehfp|bdd+$ Jkels ig Df!ie /Vsf Siaf`ih{+ veh hfe GiiGkloxfps% Fke ^pimfjx hbs hkf Gbess~bdxfe |kph% Hfee Bebsxbckb lk`xhvpcobvs Lbs akx hfp Sxkaaf% Be!hfpfpsfkxs b`fp dfk`fe kopf Fklfe!kexfp~pfxbxkiefe afksx sfop hkcoxba Ipklkebd% Hbs scoafkcofdx kopfpjpgxklfe Picjpopf dssx b`fp

abecoabd hkf Eix|fehkljfkx hfpBvgeboafe wfpakssfe

Bebsxbckb=Kxs b Abes \ipdh"|||%bebsxbckb%cia

Kxs b Abes

\ipdh"

/@AL+

Fdfjxpi

^bvd Jbdj`pfeefp

]odx fklfexdkco eico mfabeh

akx9 Ka Abk |bp ^bvd Jbdj`pfeefpsXpbcj `fpfkxs ke hfp 2>?% \icof hfpXi~ 2>> fke b`sidvxfp Pfjiph ke hfphfvxscofe Avskjlfscokcoxf% Jvp} wipPfhbjxkiesscodvss hkfsfp dfi!Bvslb!`f okfdx skco Sj{ ' Sbeh |bcjfpbvg ^dbx} ;? hfp hfvxscofe Skel!

dfcobpxs% \kfhfpoidfe dssx skco fkesidcofp Bvseboaf!Civ~ |iod akxjfkefa hfp Cdv`xpbcjs bvg Jbdj`pfe!efps efvfa Bd`va Lvxfe Xbl%Jia~dfxx kesxpvafexbd wfpscoakd}xhfp @fpdkefp HM bvg sfkef vewfpjfee!`bpf \fksf sbegxf @fbxs akx fkele!lklfe Afdihkf`lfe }v gbsx scoiejdbsskscofe Fdfjxpi!Sivehs% Xfcoei$hbs `f|fksx Jbdj`pfeefp bvco okfp$avss jfkefs|fls jbdx veh lfgoddissfke% Ka Gf`pvbp veh Ap} jiaafe!hfe Mbopfs ksx ^bvd Jbdj`pfeefp bvco|kfhfp bvg Jie}fpxxivp hvpcoHfvxscodbeh }v fpdf`fe%

Lvxfe Xbl

/^bvd Jbdj!

`pfeefp Avskc+

^bvd Jbdj`pfeefp=Lvxfe Xbl/^bvd Jbdj`pfeefp Avskc+

~bvdjbdj`pfeefp%efx

\fkoebcoxs~i~

Copksxabs Pvdfs

Sfd`sx obpxlfsixxfef \fkoebcoxs!

obssfp `pbvcofe be jvscofdklfe Ldo!|fkexblfe veh afdbecoidkscofe Mbo!pfsfeh}fkxaiafexfe hkf ~bssfehf@fscobddvel% Bvg hfp Cia~kdbxkieCopksxabs Pvdfs skeh 2< velfafkeb`|fcosdvelspfkcof \fkoebcoxs! veh\kexfpsiels$ hkf skco kaafp |kfhfp`fppbscofeh wia Mkeldf @fdds!Fkefp!dfk b`of`fe% Fs ksx hico kaafp |kfhfp`fppbscofeh$ |kf vejkxscokl veh efvskco sfd`sx scofke`bp b`lfhpiscofefCopksxabs Idhkfs }fkxlfa lbe} bvg!gpkscofe dbssfe% Akx hb`fk skeh vexfpbehfpfa Kehkf!Gidj wie Xof Ofbh behXof Ofbpx /\obx Bpf [iv Hikel Ef|[fbps Fwf9+$ Mb}}klfs wie Hkbeb Jpbddveh sabpxfp Kehkf!^i~ wie Xof Sokesveh Xof Ckwkd \bps /K Ofbph Xof @fddsIe Copksxabs Hb{+% Pvgvs \bke|pklox|kfhfpva skelx ka Hvfxx akx Sobpie

Wbe Fxxfe hfe Gpbej!Difssfp!Jdbsskjfp@b`{$ Kxs Cidh Ivxskhf%

/Cieciph)Vek!

wfpsbd Avskc+

Copksxabs PvdfsWbpkivs Bpxksxs/Cieciph)Vekwfpsbd Avskc+

JVDXVP AVSKJ

0? dfi20%0>20

7/30/2019 leo 12.12

29/52

HM Bexikef

]fekxo$ Aecofe02%20%0>20$ 0> Vop

Sfkef bjxvfddfeOkx!Skeldfs AbCofpkf veh \fd!ciaf xi Sx% Xpi!~f} dbvgfe hfp}fkxbvg Hbvfppixbxkieke saxdkcofe Pb!hkisg% Akx `fp 2$2 Akddkiefe wfp!jbvgxfe Xiexplfpe$ 0< LidhfeB|bphs$ fkefa ^dbxke B|bph vehsfkefa ^dbxxfedb`fd Oivsf|ipjsksx HM Bexikef hfp kexfpebxkiebd fp!gidlpfkcosxf HM hfp Sco|fk}%

Hkf Ob~~{

Gpfkofk}obddf$ Aecofe020$ 0> Vop

Skf jbee ekcox

ioef Avskj$skf jbee ekcoxioef Picj% Skfjbee ekcox io!ef kopf @behHkf Ob~~{% Hfee evp hb jbee skfskco pkcoxkl bvsxi`fe$ wfp|kpjdkcofeveh fkegbco hbs sfke$ |igp |kp skfbddf dkf`fe= hkf cobpabexfsxf i|fp!Picj!Popf hfp \fdx"

@dvafexi~g

Avggbxobddf$ Aecofe03%20%0>20$ 0>%3> Vop

Sfkx 0> Mbopfe sxfofe @dvafexi~gke Ipklkebd`fsfx}vel bvg hfp @o!ef$ `fp 26 Mbopf dbel ob`fe skfOk~Oi~ veh Pb~ ke Hfvxscodbehfexscofkhfeh lf~plx% Ekfhfp akxhfp L`P$ hbs efvf veh skf`xf Bd!`va ksx |kf hkf Fssfe} hfssfe$ |bshkf @beh `fp hkf Mbopf si `fdkf`xlfabcox obx$ jia~pkakfpx bvg fk!efa Bd`va%

Skssk

Ofpjvdfssbbd$ Aecofe23%>2%0>23$ 27 * 0> Vop

Dkf`f$ Abcox veh Dfkhfescobgx%

Sfkx Lfefpbxkiefe dssx hbs Scokcjsbdhfp Jbksfpke Fdksb`fxo wie sxfppfkcoBvxipfe$ Jia~ieksxfe veh ^v`dk!jva ekcox }vp Pvof jiaafe% KopDf`fe ldkco ldfkco}fkxkl fkefa Ap!cofe$ fkefp Piabe}f veh fkefp Xpb!lhkf% Si |phklx hbs Avskcbd mfx}xhkfsf lpibpxklf ^fpsedkcojfkx$ hfpfs ekcox wfpleex |bp$ |kf fkef eip!abdf Gpbv }v df`fe veh }v sxfp`fe%

PBHBPAb Avx}jf

Ciwfp!@i{

Hfp Fvpiwkskie!Siel!Ciexfsx!

@ievs ksx akxxdfp|fkdf bvglf!`pbvcox veh bvco fke Sxfgbe Pbb`

sxfox ekcox afop bds Pcjfesxp!jvel }v Wfpglvel% Ab Avx}jfs

bjxvfddfs Bd`va Hvpco Fkebehfphbpg abe hvpcobvs bds Bjx hfpSfd`sxobv~xvel sfofe% Kehfa fpjia~dfxx bvg Ciwfpwfpskiefe lpi!

fp /veh bvco fklfefp+ Okxs sfx}x$avss fp skco vasi afop hvpco sfk!ef fsiehfpf Kexfp~pfxbxkie ~pigk!dkfpfe fx|b `fk Abpwke Lb{fsSivd!Jdbsskjfp \obxs Likel Ie$Pbhkiofbhs Cpff~ ka Mb}}!Lf!|beh veh sfkefp fexscodbcjxfeWfpskie wie Bdkckb Jf{s Fa~kpfSxbxf Ig Akeh%

Mfx}x akx @bxscojb~~ sxbxx \iddax}f

Ab Avx}jf ' @beh

Avggbxobddf;% 20%$ 0>%3> Vop$|||%abavx}jf%hf

Skd`fpaieh

Okaafd|pxs

Sfeg veh Skd`fpaieh hbs skeh hkflpife F~ipxscodblfp bvs @bvx}fe%

Hbss hbs Rvbpxfxx bvs hfa scosk!scofe Sxhxcofe ofvxf dicjfp lpxfObddfe gddx veh Akddkiefe dbxxfe wfp!jbvgx$ oxxf ebco hfp Wfpggfexdkcovelhfs Hf`xbd`vas wip bcox Mbopfe |iod

jbva mfabeh }v ~pileisxk}kfpfe wfp!aicox% Bvco bvg hkfsfp Xivp |fphfeGpiexgpbv Sxfgbekf Jdi veh kopf Mvelshbs ^v`dkjva |kfhfp wie kopfe Dkwf!Rvbdkxxfe `fp}fvlfe veh `f|fksfe$hbss skf }vpfcox bds fkef hfp lpxfehfvxscos~pbcoklfe @behs lfdxfe% BdsSv~~ipx skeh Xof Diwf @di| veh XiaDef`vplfp belfjehklx%

Skd`fpaieh

Id{a~kbobddf$2?% 20%$ 0> Vop$|||%skd`fpaieh%hf

Skd`fpaieh bvg Okaafd bvg!Xivp

Cvwkddksxofbxfp

27%20% '0>%2%23@BPICJ!I^FP

L%G% Oehfd

Ox= >?; ! 66;7?723 |||%jxlg%

Ke ]vsbaafebp`fk ak hfp Bjbhfakf Ahf ' Hfskle

Jbpfe= >?; 66 ;7 ?7 23$ |||%jvdvplk~gfd%hf

c b p d ! p g g ! s b b d06%20%XOf Lis~fd ~fi~df Ox X 0

22%2%23Bd~ke hpvas h Xbx b B2;%8%23OBeefs \Bhfp ebo b M`x

JIE]FPXBEXF BVGGOPVEL akx JisxafeIPCOFSXFP FESFA@DF 2

7/30/2019 leo 12.12

30/52

Hfp Oi``kxJvdxpflkssfvp ^fxfp Mbcjsie jfopx

}vpcj ebco Akxxfdfphf

Hfp Oi``kx= Fkef vefp|bp!xfxf Pfksf% VSB)Efvsff!dbeh 0>20% Pflkf fxfp Mbcj!sie% 278 ake%

Jdfkefp Abee$ lpifp Ofdh=

Abpxke Gpffabee s~kfdx hfe Oi``kx @kd`i @fvxdke

Fpsx siddxf Hfp Oi``kx mb evp fke sxbehfslfa~~klfp Gbexbs{!Sxpfkgfe |fphfe lbe} ioef 3H!Lfhes$ hbgp akx lfepf!`dkco belfafssfefp`fpdelf% Siwkfd ]fkx avss scodkfdkco sfke$ |feeabe hbs dkxfpbpkscof pfrvfd }v M%P%P% Xidjkes Gbexb!s{!F~is Hfp Ofpp hfp Pkelf$ bvg hkf Dfke|behokfwx% \fee mfhico bddfke scoie 23 ]|fplf va hfe

lpife ]bv`fpfp Lbehbdg hfp Lpbvf /Kbe AcJfddbe+ofpvaxiddfe$ wfplfofe hkf Hpfoxblf scoefddfp bdsfs hfe Lfdhlf`fpe dkf` ksx% Veh hbee avss bvcoeico lflfe hfe Hpbcofe Sabvl ke hfe Jba~g lf!}ilfe |fphfe veh vexfp|fls |kaafdx fs evp siwie Pkfsfes~keefe$ ^fd}|fcosdfpe veh behfpfescobvfpdkcofe \fsfe% Wkfd }v wkfd ~obexbsxkscofsLfxkfp$ Lf|vsfd veh B`fexfvfp$ bds hbss fs ke fk!efa fke}klfe Jkeigkda vexfp}v`pkelfe |pf% ]|k!

scofe}fkxdkco obxxf Jvdxpflkssfvp ^fxfp Mbcjsiesfkefe pihv}fexfe fkefe ]|fkxfkdfp b`lfpvelfe$lf|iphfe skeh fs dfx}xdkco hpfk% Xfkd 2$ Fkef vefp!|bpxfxf Pfksf$ pkelx fs bddfke scoie bvg 278 Ak!evxfe%Hkf Fp|bpxvelfe hfp Xidjkfe!Gbes skeh fexs~pf!cofeh oico$ hico hbs ^pimfjx dbl `fpvoklfehfp!

|fksf ke fpgbopfefe Oehfe% Bvco `fk hfp @fsfx!}vel hfp efv oke}vlfjiaafefe Obv~xpiddfe obx^fxfp Mbcjsie |kfhfp fkef `fp}fvlfehf \bodlfxpiggfe% Hfp efvf Ofdh hfs Akxxfdfphf!Jkei!Jis!ais ksx eve bdsi Abpxke Gpffabe% Hfp `pkxkscofScobvs~kfdfp /veh lfekbdf Hp% \bxsie ke hfp @@C!Sofpdicj!Sfpkf+ wfpjp~fpx hfe ~gfkgfpbvcofehfeOi``kx @kd`i @fvxdke% Hbs obx sfd`sx hkf ebxvplfasjf~xkscof Xidjkfe!Lfafkehf scoefdd `fp}fvlx%

Skp Kbe AcJfddfe$ iggk}kfdd fkegdvsspfkcosxfp

Sco|vdfp Feldbehs$ dfk`x ves bds Lbehbdg!

Hbpsxfddfp fpobdxfe

KE KOPFA OBVS

Jkeisxbpx= 0;% Eiwfa`fp

Mfhfp efvf Gkda wie Gpbeiks I}ie/Hbs Scoavcjsxcj$ Hkf ]fkx$ hkf`dfk`x+ ksx bvco fkef `fppbscovel$hfee jfkefp ldfkcox hfa wipbelflbe!lfefe% Scofke`bp s~kfdfeh |fcosfdxhfp sco|vdf Sxbppflkssfvp hkf Lfepf%Ke kopfa Obvs `flkeex |kf fkefJvesxsbxkpf= fke gpvsxpkfpxfp Dfopfp /Gb!`pkcf Dvcokek+ ldbv`x ke hfa 27!mopk!lfe Scodfp Cdbvhf /Fpesx Vaobvfp+fke dkxfpbpkscofs Lfekf fexhfcjx }vob`fe% Fp fpavexfpx koe$ |fkxfp}v!

scopfk`fe% Ekcox boefeh$ hbss hkffexsxfofehf Fp}odvel bddfs behfpfbds Gkjxkie ksx |iakx skco hfp Gkdapbggkekfpx ke fkefe ofkaxcjkscofe s{!coixopkddfp |behfdx%%

JKDDKEL XOFA SIGXD[

Jkeisxbpx= 0;% Eiwfa`fp

Mbcjkf ksx }|bp fke @fpvgsjkddfp$ hfphipx gp Iphevel siplx$ |i behfpfkopfe Mi` ekcox sbv`fp fpdfhklx ob`fe$b`fp fp ksx ekcox hfp lfepf`dkcof@pvxbdi!X{~% @pbh ^kxx s~kfdx koe lbe}ciid veh hbgp vasi okexfpodxklfp$veh hb`fk scobvx abe pkcoxkl lfpef}v% Hfee Behpf| Hiakekjs Lbels!xfphpbab ksx ekcox evp fke ~bcjfehfpXopkddfp$ siehfpe bvco fke i~xkscofsFpdf`eks: `fks~kfds|fksf |flfe hfpvelf|oedkcofe ^fps~fjxkwfe$ hkf

hvpco hfe Fkesbx} wie Oklo!S~ffh!Jbafpbs aldkco |vphfe% ]vldfkcob`fp |fkxfx skco Hiakekjs Xopkddfp }vfkefp jdvlfe bpb`fd bvg fke ~idkxksco|kf |kpxscobgxdkco abpihfs Bafpkjb%

XOF ABE \KXO XOF KPIE GKSX

Jkeisxbpx= 0;% Eiwfa`fp

Pi`fpx Hklls bdkbs P]B$ Scobvs~kf!dfp$ Pb~!Avskjfp veh Akxldkfh hfs\v!Xbel!Cdbes$ jieexf `fk sfkefaPflkfhf`x bvg hkf Okdgf sfkefpGpfvehf bvfe= Oisxfd!Jva~fd FdkPixo obx `fka Hpfo`vco akxlf!scopkf`fe$ Rvfexke Xbpbexkei lk`xsfkefe Ebafe gps dbjbx veh dflxf|iod bvco fke lvxfs \ipx fke$ vaSxbps |kf Dvc{ Dkv bds @iphfdd`fxpfk!`fpke veh Pvssfdd Cpi|f bds |kdhfeObvhflfe be @iph hkfsfs Abpxkbd!

Bpxs! veh S~dbxxfpovaip!Xpbsos }voidfe% Hkf xkxfdlf`fehf fksfpef Gbvsxlk`xs `pklfes |kpjdkco veh |kph kaGkda wie P]B ocosx~fpsedkco obeh!lfscoakfhfx%

FEH IG \BXCO

Jkeisxbpx= 0>% Hf}fa`fp

]vlflf`fe$ abe abl Lfscokcoxfewie @fsx!@vhh{!Sxpfkgfe~idk}ksxfe$ hkfxpfv fplf`fe }vsbaafe kopfe Hkfesxbvg hfp Sxpbf scokf`fe$ fklfexdkcoekcox afop sfofe% Ke Hbwkh B{fps Xopkd!dfp skeh Mbjf L{ddfeobbd veh Akcobfd^fb fke sidcofs fkelfgdfkscoxfs ^bbp$hbs ke fkefa fsiehfps gkesxpfe Wkfpxfdwie D%B% ebco hfa Pfcoxfe skfox%Hvpco hfe Fkesbx} wie lfgbjxfaGiveh!Giixblf!Abxfpkbd lk`x skcoFeh ig \bxco gbsx |kf fkef ecoxfp!

ef Aicjvafexbp{$ hkf hfe ]vscobvfpve|fklfpdkco akx kes Lfscofofe pfkx%Hbs Fplf`eks= fke }vecosx wddkl fex!scodfveklxfp Ci~!Sxpfkgfe$ hfp fkefexbxscodkco }v `fppbscofe wfpabl%

JKEISXBPXS HFS AIEBXS

Gixis=Mba

fsGksofp$XihhF{pf$

\bpefp@pis%$

CieciphfGkda$

\kdh`v

eco$

Vekwfpsbd^kcxvpfs$Xi`ksGkda

JVDXVP

3> dfi20%0>20

JKEI

k

kd

kd

k

dk

k

kd

7/30/2019 leo 12.12

31/52

HWH

Xof Diwf ^bxkfex

Va hfe F }vpcj!

}vfpi`fpe$ ob`fe

skco abecof scoie hkf

wfppcjxfsxfe Hkelfbvslfhbcox% Ke Xof

Diwf ^bxkfex jiaax

^bvd /@fembake Dvx}+ silbp bvg hkf abjb`pf Khff$ fkef Jpf`sfpjpbe!

jvel wip}vxvscofe$ va hkf Dkf`f wie @pbh /Mioe \fpsjf{+ }vpcj!

}vlf|keefe% Hkfsfp ^dbe lfox ke hfa Dbelgkdahf`x wie Akcobfd

Skaie /Lb{ ]ia`kf+ ebxpdkco lpehdkco scokfg% Hfee ekcox evp @pbh

|kdd skco va hfe wfpafkexdkco Xihjpbejfe jaafpe$ siehfpe bvco

Jiddflfe$ Gpfvehf$ |fkxfpf F!Diwfp veh }vdfx}x bvco bvds Gbakdkf%

Hbs Cobis ksx hb jbva afop

bvg}vobdxfe veh siplx ke

hkfsfp dsskl kes}fekfpxfe$

piabexkscofe Jiahkf gp

cobpabexfe S~b%

Xof Diwf bxkfex%VSB 0>22% Pflkf AkcobfdSkaie% Akx @fembake Dvx}%IaV$ ;7 ake% /~pi!gve+

Sf akx hfa F

HWH

Ldcjdfp$ Ldbe} veh LdipkbDvsx bvg Gpfahscoafe9 Abe abl sfkef Jdbaixxfe pfkg gp hkf

Bdxjdfkhfpxieef obdxfe veh Obpbdh Ldcjdfp gp hfe

scodkaasxaldkcofe Bd~xpbva fkefs mfhfe Sco|vdfe ka Ciakel!

ivx% Sfkef Lfscogxsxcoxkljfkx bddfphkels ksx fafpjfes|fpx% Hkf

bcoxxfkdklf Hijvsib~ `fp hfe xpbsoklfe Aihf}bpfe |bp ke hfp

Ldix}f bddfphkels si fpgidlpfkco$ hbss hkf }|fkxf Sxbggfd vebvs!

|fkcodkco ksx% \fp hkf vewfp`daxfe

Fke`dkcjf ke sfke fli}fexpkscofs$ ~ia!

~sfs Df`fe veh ke hfe velf!

scoakejxfe Bddxbl hfs Sxbp!Hfslk!

efps wfp~bssx ob`fe siddxf$ jbee hbs

eve bvg HWH ebcooidfe veh skco hfe

ldbaivpsfe Iwfpjkdd lf`fe%

Ldcjdfp$ Ldbe} veh Ldi!pkb Sxbggfd 2% Cb% 37> Ake%/Vekwfpsva OiafFexfpxbkeafex+

Obpbdh Ldcjdfp= \fp scoe sfke |kdd avss dfkhfe

HWH

Kebs Ebcox

Eico afop Skelfe veh Sb``fde akx

hfp jihhfpscoev}klfe Keb Addfp% Hkf

}|fkxf @fsx!ig!Jia~kdbxkie kopfp Xpf!

sfe!Xbdjsoi| bvs hfp Oba`vplfp Ob!

gfejefk~f ]va Scofddgksco~isxfe

sbaafdx scoe sipxkfpx bvg }|fk Skd!

`fpdkelfe hkf `fsxfe Lfsbelseva!

afpe si|kf Oklodkloxs bvs hfe Jde!

pvehfe% Lissk~ skelfe Ofbw{ Cpiss$

Dbeb Hfd Pf{ ~psfexkfpx fkef ve!~dvllfh!Wfpskie kopfp Wkhfi Lbafs

veh Mbe Hfdb{ ksx akx Io Mioee{ hb!

`fk% Fkegbco Lpbehkis= Ekeb Oblfe$

Hfskpff Ekcj veh Keb Addfp skelfe }v!

sbaafe Ke Oba`vpl sblx abe

Xscoss% Vexfp behfpfa skeh bvg hfp

@fsx ig Sb``fde!HWH hkf Lsxf Dfeb$

Ab Lkfpabee$ @fxo Hkxxi veh Skhi%

Soi|lsxf Hskpf Ekcj veh @fxo Hkxxi

Hfp jdfkefOippipdbhfe

Hkf @oefewfpskie ksx fke Fwfp!

lpffe$ hkf dkf`fwiddf Wfpgkdavel

hkfsfs Lpvskcbds bvs hfp Gfhfp hfs

sco|vdfe Bvxipfe!)Jia~ieksxfe!

~bbpfs Bdbe Afejfe veh Oi|bph

Bsoabe fke bdxfpsdisfp S~b% Hfp

abjb`pf Scodvss hkfsfp Lfscokcoxf

va fkef dvxhpsxfehf Xi~g~gdbe!

}f |vphf sfkefp}fkx bddfphkels

hvpco fke Ob~~{feh fpsfx}x% Hkf

@dvpb{!Fhkxie ~psfexkfpx eve fpsx!

abds hbs Ipklkebd!Gkebdf%

Hfp jdfkef Oippipdbhfe Hkpfcxips Cvx% VSB 2;?7$Pflkf Gpbe} I}$ akx Pkcj Ai!pbeks /\bpefp Oiaf Wkhfi+

Kebs Ebcox @fsx ig Skelfe ' @fsxig Sb``fde 0 % /SxvhkiOba`vpl Fexfp~pksfs+

Wipskcox$ kssklf Xi~g~gdbe}f"

JvdxvpHWH

7/30/2019 leo 12.12

32/52

Lfscofejxk~~s

gp @cofp|pafp

Gp fcoxf Dfsfpbxxfe

Ke fkefp ^fpsieMioe Kpwkel

Si sco|vd$ ihfp lfebvfp$ si avd!

ksfxvfdd$ |bp eico jfke Piabe hfsVS!@fsxsfddfpbvxips% Ke sfkefa efv!

fe$ Sfkxfe sxbpjfe Scoajfp

xkscox ves Mioe Kpwkel hkf f`fesi

bvssco|fkgfeh fp}odxf |kf sjvppkdf

Df`feslfscokcoxf hfs `ksfvfddfe

Scopkgxsxfddfps @kdd{ Hfbe bvg= wie hfe

~phfe geg}klfp Mbopf `fp hkf

Bkhsjpksf `ks ke hkf rvffpf Lflfe!

|bpx% Lf}fvlx wie fkefa

sco|vdfe LK wfpdkfpx @kdd{

sfkef Vescovdh `fk fkefp

xpbessfvfddfe Jdfkesxbhx!

@k`dkixofjbpke veh |ve!

hfpx skco `fp hkf wkfdfe

Gpbvfepiddfe sfkefs Xofb!xfp s~kfdfehfe Lpiwbxfps%

Gp BvlfeafescofeEfvf \fdx\idglbel Xkddabees

Kaafp |kfhfp obx hfp sco|vdf Sxbpgi!

xilpbg hkf Mvlfeh! veh Sv`jvdxvpfe$

Sxbhxdbehscobgxfe |kf bvco lbe} ~pkwbxf Aiafexf

gfsxlfobdxfe% Ke sfkefa efvfe @kdh`beh ~psfexkfpx fp

eve fkef Bvs|bod sfkefp bvg ve}odklfe Pfksfe v%b% ke

Kehkfe$ ]fexpbdbgpkjb veh Sbvhk!Bpb`kfe fexsxbehfefe

Aiafexbvgeboafe= Afescofe veh Xkfpf$ Bpcokxfjxvp

veh Bddxblss}fefe$ hkf Xkddabes akx sfkefa vewfp!

jfee`bp sv`mfjxkwfe veh }vldfkco bebd{xksco jdbpfa

@dkcj fkelfgbelfe obx%

\idglbel Xkddabes= Efvf\fdx% Xbscofe Wfpdbl$Lpigipabx$ 027 Sfkxfe$0;$;; Fvpi

Eico jfkef Khff$ |bs abe hfa dfsfgpfvhklfe Dkf`sxfe vexfp hfe

\fkoebcoxs`bva dflfe sidd9 dfi obx skco hvpco hfe Hscovelfd hfp

bjxvfddfe Efvfpscofkevelfe lfscodblfe veh gp fvco ~bssfehf

@vcoxk~~s }vsbaafelfsxfddx%

Gp Pi{bdksxfe

^dx}dkco Pi{bd

Pidbeh @pih`fcjBvco |fee fs skco wkfdf keslfofka

|escofe= Hkf Cobecfe$ hbss ^pke}

Obpp{ hfaecosx fka Jevxscofe akx

sfkefa Dkf`sxfe fp|kscox |kph$ hpg!

xfe vfpsx scodfcox sxfofe% \bs b`fp$ |fee hvpco

vefp|bpxfxf Xihfsgddf veh `fppbscofehf Efvfke!

sxfklfp ke hkf Xopiegidlf ~dx}dkco fke sco|vdfp

Sco|fk}fp sbax Lbxxfe ke hfe @vcjkeloba ^bdbsx

fke}lf9 Pidbeh @pih`fcj fex|kcjfdx ke sfkefa Hf!

`xpiabe hkfsfs S}febpki `fppbscofeh pfbdksxksco$ va

hbee hkf Sxip{ pfcox b`lfhpfox |fkxfp}vxpfk`fe%

Pidbeh @pih`fcj=^dx}dkco Pi{bd% Rvfpwfp!dbl$ 37> Sfkxfe$ 28$;> Fvpi

Gp Ciakcgbes

Hfp Gpfwfd ba Bdxbphfp ofkdklfe Jdbpb

Abpkb ^kb Ckervf)

Wbdfpki @kehk

Fklfexdkco dilksco= \fee fs si!

lbp Sco|vdf vexfp ^pigk!Gv!

`bddfpe lk`x$ |bpva bdsi bvco

ekcox vexfp Abgkisk9 Hico |kf

df`x abe$ |fee abe ebco fk!

efa obpxfe Bp`fkxsxbl akx

Aiph$ Hpilfeobehfd veh Scovx}lfdhfp!

~pfssvel eico Dvsx bvg Sf akx fkefa Abee obx9

Hkf Ciakcwfpskie wie D% P% Cbppkeis Eikps Piabe

Hfp Wfpsxi fp}odx hbwie ke f~pfsskwfe$ oid}!

scoekxxbpxklfe @kdhfpe ke Lfsxbdx fkefs scoepjfddi!

sfe$ ~bcjfehfe Lbelsxfpjpkaks%

Ckervf)@kehk= Hfp Gpfwfd

ba Bdxbp hfp ofkdklfe Jdb!pb%Wfpdbl Scopfk`fp ' Dfsfp$2?2 Sfkxfe$ 2?$ ?> Fvpi

Mioe Kpwkel= Ke fkefp^fpsie% Fvpi

Gixi=sov

xxfpsxicj%cia$

Ekexfehi$

ksxicj~oixi%cia

JVDXVP

30 dfi20%0>20

@VCO

Hi cAbc S{sxfa`fpbxvel t Scofddkelsxpbssf 206 t ?>?; ) 6< >> 8? >; t jiexbjxNhicabc%kegi t |||%sfciehabcs%hf

BEJBVG ) WFPJBVG WIE

EFV! VEH LF @PBVCOXLFPXFE

IEDKEFSOI^

SFPWKCF ) SV^^IPX

@FPBXVEL ) ^DBEVEL

\BPXVEL

SCOVDVEL ) \IPJSOI^S

^BPXEFP

7/30/2019 leo 12.12

33/52

JvdxvpAvdxkAfhkb

Abe sidd hkf Gfsxf gfkfpe |kf skf gbd!dfe% Veh gp hfe dfi!^bpefp efbpixlk`s ef`fe _!Abs ka Hf}fa`fpldfkco fkefe }|fkfe Bedbss }vp Gpfv!hf= Hfvscodbehs `fdkf`fsf B~~pveh vas sco|vdf Df`fe |kph ba 2%Hf}fa`fp 0>20 fke Mbop bd% efbpix

gp Sabp~oiefs ks wkfd afop bds evpfkef Hbkel!^dbgipa$ hfsobd` siddbvco hbs Hbejfscoe gp bddf efbpixfpfkefe fcofe Wipfkd kffe veh }|bpfkefe$ hfp skco bvco ka |pdkcofe Ske!ef bvs}bod"Hkf `fppbscovel ks bvglflbelfe=B` hfa 2%20% jeefe bddf efbpixfpiddf Wipfkdf wia \bpfscodbelfe!`fps~pkelfe ka Cdv` `ks }va Hks!cive ka Jdbaife!Dbhfe ihfp Cig!gff!Soi~ ev}fe% Gvejkiekfp lbe}fkegbco= Bds Vsfp cofcjs hv hkco akhfp B~~ ka @fpfkco Belf`if ve!fp|fls ke fkefp hfp bvglfgopfe Di!cbkies ihfp Fwfes fke% efbpix ob akhkfsfe ^bpefpe S~fckbd!Hfbds gp fvcob`lfscodissfe$ si hbss kop hip jdbssfWipfkdf ev}fe jee% Hkf Cofcj!ke!

Gvejkie gp wkfdf sco|vdf Dicbkies}fkl bdsi ekco evp$ |fp bvs hfp Cia!avek{ bvco lfpbhf hip ks% Skf jbeeskco gp fvco silbp pkcokl f}bod ab!cofe%\fkoebcofe hbpg fk efbpix ebpdkcoekco }v jvp} jiaafe% Hfsobd` vefp!

s} efbpix hkf sco|vdfe \fko!ebcosapjf ke Aecofe$ Jde$Oba`vpl veh @fpdke% Hbs Oklodklo=\fee bddfpipfe Io hv Gpodkcof%%%veh \okf Copksabs fpjdkelfe$|kph fs bvg hfp @fpdkefp!\fko!ebcosfppbssf hfvdkco scoefddfpf@fbs wie Hpbl!Rvffe Ekeb Rvffpveh HM Hkwkek{ lf`fe% Fpdsf bvs hfaJbpiggfd~vggfpwfpjbvg jiaafe hfp@fpdkefp BKHS!Okdgf }vlvf%Kop sfo= Hkf |fkoebcodkcofe efbpix!V~hbfs gp k^oief veh Behpikh `kf!fe afop bds evp wkfd S~ffh gp Gvej!kiefe |kf S~pbcoebcopkcofe$ Wkhfis$Pbhki veh Cdv`!Lvkhfs% Afop Kegislk`s vefp |||%efbpix%cia veh kehfe Hi|edibh!Sipfs wie kXvefs vehLiildf db{%

Scoef@fscofpvelefbpi fhbejx skco fk

fvco }v sfkefa

2% Lf`vpxsxbl akxefvfa Pb`bxx!Gfbxvpf=

Scoe~~cofe abcofe

wia Ciggff!Soi~ `ks

}va Jdbaixxfe!Dbhfe

Dfxs ~db{

Ekexfehis \kk V

sxbpxfx akx 03 Xkxfde

Hfp Fpgidl hfp \kk!Jiesidf |bpkopf }vecos fdcofdf efvf Sfvf!pvelsfcoekj= sb fkef Gklvp akMi{skcj veh Xbsfe hvpcos S~kfd }vgopfe lfoipcof hfp Ciepiddfp hfeebpdkcofe @f|flvelsb`dvgfe hfsS~kfdfps% Hbs gvejkiekfpf si gbais$hbss hkf fcoekscofe Sco|cofe/jfke @dvPb{ ^db{fp$ jfkef OH Lpbgkj+ke hfe Okefplpveh pbfe veh ~d}!dkco lfsbehfef Jfpdf |kdhf Jflfd!vpekfpf wfpbesbdfe veh Ofka!s~ipdfp gp kopf Bfpi`kc!Jvpsf ba@kdhscokpa `fe jieefe% Hkf \kk|vphf }vp bp{jiesidf veh hkf Jie!jvppfefe _@ix veh ^S3 psffepbsco ak @f|flvelssfvfpvelebco% Hfp Wips~pvel scoaid} hboke

veh Ekefehi wfpsvco }va \fko!ebcoslfscog 0>20 fkef efvf Pf!widvkie= \kk V ofk hkf ecosfJiesidfelfefpbkie veh `kff ef!`fe hfe fjbeefe Ciepiddfpe evefke |fkfpfs Sfvfpvelsfdfafe= fke

Xb`df$ hbs fke |fekl bes k^bh fpke!efp veh Aks~kfdfpe fkef wddkl efvf\fd hfp Kefpbjkie fpggefe sidd%Bvco hkf Lpbgkjdfksvel |vphf wfp!`fssfp veh wkb EGC!Gvejfcoekjdss skco ak behfpfe S~kfdfpe ke hfpEof jiaavek}kfpfe% Ak 03 Lbafs}va Sbp `kff \kk V fke `fbcodk!cofs DkefV~% Sv~fp Abpki$ @babe=

Bpjoba Ck{ ihfp Bssbsskes Cpffhsfofe gp fkef kaafesf Wkfdgbd ve!fpscokfhdkcosfp Lfepfs$ si hbss gpmfhfe S~kfdfp f|bs hb`fk sfke siddf%

Hbak dss skco wkfddfkco wfpscoafp!}fe$ hbss fpsf Xfsfp `fpkcoffe$

hkf efvf Jiesidf sfk fcoeksco ekco`fsiehfps bvgpflfeh$ hb skf `s~|%kaafp eico jfkefe @dvPb{!^db{fpkeflpkfp ob$ hfp `fk hfp Jiejvp!pfe} sfk Mbopfe Sbehbph ks% HkfJiesidf jisf va hkf 36> %

Gp S~kfdfgpfbjs fke sv~fp Lfscofej

7/30/2019 leo 12.12

34/52

^PILPBAA >2%20% `ks >6%20%

^BPx{

23%>> @pveis S~bpjdkel Sbvp!hb{% Pkco!Wfekcf!^pisfcciakxgip gpff$ sidbelf Wippb pfkco%

23%>> Sbwblf DfbofpAff beh S~fbj% Gp Gpfvehfveh hkf Gfkscos}fef fk gpfkfeHpkejs veh Sebcjs /`ks 2; Vop+

0>%>> Cbg ka Sv`SkelSbp affs Cicjbkd% Hkfvdkabkwf ^bp{ gp bddf$ hkf lfpefbddfke ihfp ka Hvf skelfe%

0>%>> EixxScodblfp~bp{% @ve$ scopkdd vehf|bs jkscokl= Hkf Scodblfp!ebco ak Hpbl!HMbef Beiekb

00%>> Ldba _!Abs Hbecf%Xbe} ke hfe Bhwfe ak okaa!dkscofa ^i~! veh ^bp{akx

03%>> E[!Cdv`Ebco hfp pife Scodfkgfe%@fefgk}~bp{ }v Lvesfe hfpAecoefp Bkhs!Okdgf ak HMCba`ks veh Xia`idb

JvdxvP2;%3> @bcjsblf @pfbj of

C{cdf% @fefgk}jie}fp lflfe OKW$ak wkfp Aecoefp @behs%

dvsx2>%>> Fpikxx 2

Sbvphb{ Eklo Gfwfp /`ks 3 Vop+2?%>> @vhh{

Ebcojkei /`ks 08 Vop+

CIAAvekx{>7%>> ]vp Gfvfp|bcof

S~fehfebjkie% Wie mfhfawfpjbvgfe @kfp$ Scoeb~s vehPscofpd lfofe ofvf 6> Cfehkpfj be hkf ABO

>?%>> Lb{ Ivhiip Cdv` /LIC+@fpl|behfpvel% Fbdfp Abeehd$

Beafdhvel= ~sNwp!|f`%hf2>%>> Abpkfe~db}

S!@boe!Siehfp}vl% @fefgk}!bjkie }va \fd!Bkhs!Xbl akScobvs~kfdfpke Aieb Sffgpkfh%^fehfdwfpjfop }|kscofe ^bskelveh Is`boeoig /`ks 28 Vop+

2>%>> S~ipobddf GfdhaicokelObddfegv`bdd!Xvpekfp% Kefp!ebkiebdfp @fefgk}!Fwfe hfp

Spff`i{s }vlvesfe hfp ABO26%>> Cbg ka Sv`Jbggff veh Jvcofe% HfpEbcoakbls~dbvsco ka ]fepva

2;%>> Ihfies~db} Cbehdf!Dklo!\bdj% Dkcofp}vl }vaLfhfejfe be hkf I~gfp wie Bkhs

2;%>> Sf~obes~db} ^kejCopksabs ! Soi|% Ofvf= _abs!Siveh ak HM Mbafs Avekco

0>%>> Mfeekgfp ^bpjs\ffjfeh Siveh}%Xbe}avskj }va Wipldofe$Wfpsbcjfe veh B`sbcjfe

0>%>> S% Dvjbs!JkpcofLfhfejwfpbesbdvel% Ebco hfaCbehdf!Dklo!\bdj$ ak [fovhkAfevoke Dkwf Avskc Ei|

0>%>> Sv`!]fepvaJisfedisf Pfcos`fpbvel%

Be|ipfe }va Df`fes~bpefp!scobgslfsf} veh Bp`fkspfco

dfs`fe03%>> ? `fdi|

Sof!Db%Hkf Gpbvfe~bp{ gp Sv~fp!ofdhkeefe$ ofvf ak HMGpbv Oi~~f

\fdx!Bkhs!XblBvco |fee hkf bjvxf @fhpiovel /}v Pfcox+ fkefp

lpfpfe Lfdbssfeofkx lf|kcofe ksx= Bkhs ksx eico

kaafp ekcox ofkd`bp$ fke Df`fe akx OKW siplx jp!

~fpdkco veh igx bvco lfsfddscobgxdkco gp Fkescope!

jvelfe% Hbpbe fpkeefpx hfp ofvxklf Xbl$ hfp ke

Aecofe akx }bodpfkcofe Bjxkiefe flbelfe |kph%

Hfp jevggklf Bkhs!Xfhh{ ke |fk ksx gp 7 be wkfdfe

Sxfddfe hfp S}fef fpodxdkco%

Sb>2

Hbs pilpbaa wia 2% ks 32% Hf}fa`fp

Aecofe dfvcoxfx veh }|p ke hfe Gp`fe hfp \fkoecox" 0? Copksx!

jkehdfsapjxf skeh `fp hkf Sxhx wfpxfkdx$ hkf Gvlelfp}ef ks