%$1'$'(/
0$5&2
7,32$
7,32%
VRVWHQJDSDUÃQWHVLV
7,32*
)LJ
&(55$'85$
'(/0$5&2
)LJ
%$1'$
%25'('(/$9(17$1$
683(5,25
*8$,1)(5,25
$352;,
0$'$0(17
6833257(1/
*8$683(5,25
7,32%
E0LHQWUDVPDQWLHQHHODLUHDFRQGLFLRQDGRHQSRVLFLÎQ
FXLGDGRVDPHQWHEDMHHOERUGHGHODYHQWDQDVXSHULRU
KDVWDODJXÈDVXSHULRUGHODLUHDFRQGLFLRQDGRFRPRHQ
OD)LJ
#5')74'.152#0'.'5
([WLHQGDORVSDQHOHVSDUDUHOOHQDUORVRULILFLRVGHOD
YHQWDQDXVDQGRORVWRUQLOORV7,32%FRPRHQOD
)LJ
+056#.'.#$#0&#&'./#4%1
D&RUWHODEDQGDGHOPDUFRGHOPLVPRDQFKRGHOD
YHQWDQD&RORTXHODEDQGDGHOPDUFRHQWUHHOYLGULR\
ODYHQWDQDSDUDSUHYHQLUODSHQHWUDFLÎQDOFXDUWRGH
LQVHFWRV\DLUHFRPRHQOD)LJ
E$WRUQLOOHODFHUUDGXUDGHOPDUFRXVDQGRXQWRUQLOOR
7,32$FRPRHQOD)LJ
D4XLWHORVWRUQLOORVTXHDVHJXUDQHOJDELQHWH\FDFHUROD
GHVSUHFLDEOH
HQHOODGRFRUUHFWR
E
$EURFKHHOSDUÃQWHVLVGHVXSRUW7,32*XVDQGRXQ
WRUQLOORTXLWDGR&RQHFWHHOSDUÃQWHVLVGHVXSRUW7,32
*HQHODOIÃL]DOLQWHULRUGHYHQWDQDFRQXQWRUQLOOR
7,32%FXDQGR)LJ
.CKPUVCNCEKÎPFGNCKTGCEQPFKEKQPCFQFGXGPVCPCPQ
GUVCT¶EQORNGVC8GC5')74+&#&'.'%64+%#RCTC
EQPGEVCTNCGZVGPUKÎPGNÃEVTKECCNVQOCEQTTKGPVG
4'/18'4.1&'.#8'06#0#
$SDJXHHODLUHDFRQGLFLRQDGRGHVFRQHFWHHOFRUGÎQHOÃFWULFRGHOWRPDFRUULHQWHUHPXHYDODFHUUDGXUDGHO
PDUFR\ORVWRUQLOORVLQVWDODGRVHQODSDUWHVXSHULRUHLQIHULRUGHORVSDQHOHV\JX¶UGHORVSDUDUHLQVWDODFLÎQ
&LHUUHORVSDQHOHV0DQWHQLHQGRHODLUHDFRQGLFLRQDGRIXHUWHPHQWHOHYDQWHHOPDUFRGHODYHQWDQD\
FXLGDGRVDPHQWHLQFOLQHHODLUHDFRQGLFLRQDGRKDFLDDWU¶VERWDQGRFXDOTXLHUDJXDFRQGHQVDGD'HVOLFHHO
DLUHDFRQGLFLRQDGRDODGHUHFKDOXHJROHY¶QWHORGHODYHQWDQD\UHPXÃYDOHODEDQGDGHOPDUFRGHOD
YHQWDQD