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Maceda Law

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  ! ## %&'% (! )*+&,* #*-.   #$%&'() *)+ ,-. /001 #*'+2 (,3+*''4#,+ &%2# $ -+#)+(-, *)+*, *)+ +- $ -5(6# $ -+#)+(-, +- &%2# 3 -7 #*' #3+*+# -, (,3+*''4#,+ $*24#,+3 /012345 6 . +89: *;< :8=>> ?@ ABCDB =: <8@ E @=><F (B:<=>>G@B< &HF@I *;<.J /017 87  (< 9: 8@I@?F K@;>=I@K = LH?>9; LC>9;F <C LIC<@;< ?HF@I: CM I@=> @:<=<@ CB 9B:<=>>G@B< L=FG@B<: =N=9B:< CB@ICH: =BK CLLI@::9O@ ;CBK9<9CB:. /017 97  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 +C L=FP D9<8CH< =KK9<9CB=> 9B<@I@:<P <8@ HBL=9K 9B:<=>>G@B<: KH@ D9<89B <8@ <C<=> NI=;@ L@I9CK @=IB@K ?F 89G D89;8 9: 8@I@?F M9Q@K =< <8@ I=<@ CM CB@ GCB<8 NI=;@ L@I9CK MCI @O@IF CB@ F@=I CM 9B:<=>>G@B< L=FG@B<: G=K@S $ICO9K@KP +8=< <89: I9N8< :8=>> ?@ @Q@I;9:@K ?F <8@ ?HF@I CB>F CB;@ 9B @O@IF M9O@ F@=I: CM <8@ >9M@ CM <8@ ;CB<I=;< =BK 9<: @Q<@B:9CB:P 9M =BF. :=<  (M <8@ ;CB<I=;< 9: ;=B;@>>@KP <8@ :@>>@I :8=>> I@MHBK <C <8@ ?HF@I <8@ ;=:8 :HII@BK@I O=>H@ CM <8@ L=FG@B<: CB <8@ LICL@I<F @TH9O=>@B< <C M9M<F L@I ;@B< CM <8@ <C<=> L=FG@B<: G=K@P =BKP =M<@I M9O@ F@=I: CM 9B:<=>>G@B<:P =B =KK9<9CB=> M9O@ L@I ;@B< @O@IF F@=I ?H< BC< <C @Q;@@K B9B@<F L@I ;@B< CM <8@ <C<=> L=FG@B<: G=K@S $ICO9K@KP +8=< <8@ =;<H=> ;=B;@>>=<9CB CM <8@ ;CB<I=;< :8=>> <=A@ L>=;@ =M<@I <89I<F K=F: MICG I@;@9L< ?F <8@ ?HF@I CM <8@ BC<9;@ CM ;=B;@>>=<9CB CI <8@ K@G=BK MCI I@:;9::9CB CM <8@ ;CB<I=;< ?F = BC<=I9=> =;< =BK HLCB MH>> L=FG@B< CM <8@ ;=:8 :HII@BK@I O=>H@ <C <8@ ?HF@I. 6CDB L=FG@B<:P K@LC:9<: CI CL<9CB: CB <8@ ;CB<I=;< :8=>> ?@ 9B;>HK@K 9B <8@ ;CGLH<=<9CB CM <8@ <C<=> BHG?@I CM 9B:<=>>G@B< L=FG@B<: G=K@. /017 >7  (B ;=:@ D8@I@ >@:: <8=B <DC F@=I: CM 9B:<=>>G@B<: D@I@ L=9KP <8@ :@>>@I :8=>> N9O@ <8@ ?HF@I = NI=;@ L@I9CK CM BC< >@:: <8=B :9Q<F K=F: MICG <8@ K=<@ <8@ 9B:<=>>G@B< ?@;=G@ KH@. (M <8@ ?HF@I M=9>: <C L=F <8@ 9B:<=>>G@B<: KH@ =< <8@ @QL9I=<9CB CM <8@ NI=;@ L@I9CKP <8@ :@>>@I G=F ;=B;@> <8@ ;CB<I=;< =M<@I <89I<F K=F: MICG I@;@9L< ?F <8@ ?HF@I CM <8@ BC<9;@ CM ;=B;@>>=<9CB CI <8@ K@G=BK MCI I@:;9::9CB CM <8@ ;CB<I=;< ?F = BC<=I9=> =;<. /017 ?7  %BK@I 3@;<9CB U =BK VP <8@ ?HF@I :8=>> 8=O@ <8@ I9N8< <C :@>> 89: I9N8<: CI =::9NB <8@ :=G@ <C =BC<8@I L@I:CB CI <C I@9B:<=<@ <8@ ;CB<I=;< ?F HLK=<9BN <8@ =;;CHB< KHI9BN <8@ NI=;@ L@I9CK =BK ?@MCI@ =;<H=> ;=B;@>>=<9CB CM <8@ ;CB<I=;<. +8@ K@@K CM :=>@ CI =::9NBG@B< :8=>> ?@ KCB@ ?F BC<=I9=> =;<. /017 @7  +8@ ?HF@I :8=>> 8=O@ <8@ I9N8< <C L=F 9B =KO=B;@ =BF 9B:<=>>G@B< CI <8@ MH>> HBL=9K ?=>=B;@ CM <8@ LHI;8=:@ LI9;@ =BF <9G@ D9<8CH< 9B<@I@:< =BK <C 8=O@ :H;8 MH>> L=FG@B< CM <8@ LHI;8=:@ LI9;@ =BBC<=<@K 9B <8@ ;@I<9M9;=<@ CM <9<>@ ;CO@I9BN <8@ LICL@I<F.    /017 A7  *BF :<9LH>=<9CB 9B =BF ;CB<I=;< 8@I@=M<@I @B<@I@K 9B<C ;CB<I=IF <C <8@ LICO9:9CB: CM 3@;<9CB: UP VP 0=BK /P :8=>> ?@ BH>> =BK OC9K. /017 B7  (M =BF LICO9:9CB CM <89: *;< 9: 8@>K 9BO=>9K CI HB;CB:<9<H<9CB=>P BC C<8@I LICO9:9CB :8=>> ?@ =MM@;<@K <8@I@?F. /017 C7  +89: *;< :8=>> <=A@ @MM@;< HLCB 9<: =LLICO=>. -D;2 3E 2D0 );10F; #;GH  +8@ 4=;@K= '=DP =>:C ABCDB =: %D0 I0;J2K L5E2;JJM052 NOK0P *12   CI I0QO=J31 *12 @??8 9: <8@ >=D <8=< >=F: CH< = K@M=H><9BN ?HF@IW: I9N8<: 9B <8@ $89>9LL9B@: D9<8 I@N=IK: <C 89: LHI;8=:@ CM = I@=> @:<=<@ LICL@I<FP D8@<8@I 9<W: = ;CBKCG9B9HG HB9< CI = 8CH:@R=BKR>C< HB9< 9B = :H?K9O9:9CB K@O@>CLG@B<. +89: D=: 9B9<9=<@K ?F >=DG=A@I #IB@:<C 4=;@K= =BK 8=: <=A@B 9B<C @MM@;< CB *HNH:< 1/P XYZ1. -D4 32 ;QQJ30E 24  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 E^D8@I@ <8@ ?HF@I 8=: L=9K =< >@=:< <DC F@=I: CM 9B:<=>>G@B<:P <8@ ?HF@I 9: @B<9<>@K <C <8@ MC>>CD9BN I9N8<: 9B ;=:@ 8@ K@M=H><: 9B <8@ L=FG@B< CM :H;;@@K9BN 9B:<=>>G@B<:S  =._ +C L=FP D9<8CH< =KK9<9CB=> 9B<@I@:<P <8@ HBL=9K 9B:<=>>G@B< KH@ D9<89B <8@ <C<=> NI=;@ L@I9CK @=IB@K ?F 89GP D89;8 9: 8@I@?F M9Q@K =< <8@ I=<@ CM CB@ GCB<8 NI=;@ L@I9CK MCI @O@IF CB@ F@=I CM 9B:<=>>G@B< L=FG@B<: G=K@` LICO9K@K <8=< <89: I9N8< :8=>> ?@ @Q@I;9:@K ?F <8@ ?HF@I CB>F CB;@ 9B @O@IF M9O@ F@=I: CM <8@ >9M@ CM <8@ ;CB<I=;< =BK 9<: @Q<@B:9CB:P 9M =BF. ?._ (M <8@ ;CB<I=;< 9: ;=B;@>>@KP <8@ :@>>@I :8=>> I@MHBK <C <8@ ?HF@I <8@ ;=:8 :HII@BK@I O=>H@ CM <8@ L=FG@B<: CB <8@ LICL@I<F @TH9O=>@B< <C M9M<F L@I;@B< CM <8@ <C<=> L=FG@B<: G=K@^ 6CDB L=FG@B<:P K@LC:9<: CI CL<9CB: CB <8@ ;CB<I=;< :8=>> ?@ 9B;>HK@K 9B <8@ ;CGLH<=<9CB CM <8@ <C<=> BHG?@I CM 9B:<=>>G@B< L=FG@B<: G=K@J /012345 >  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aCD@O@IP 9M <8@I@W: :<9>> >@:: <8=B 1 F@=I: CM 9B:<=>>G@B< L=FG@B<: G=K@P <8@ ?HF@I 9: CB>F @B<9<>@K <C /] K=F: NI=;@ L@I9CK =: 9BK9;=<@K 9B 3@;<9CB V. 4CI@ 9GLCI<=B<>FP <8@I@ 9: = :@;<9CB 9B <8@ 4=;@K= '=D <8=< LIC<@;<: <8@ ?HF@I: MICG <8@ M9B@ LI9B<: CM ;CB<I=;<: 9GLC:@K ?F <8@ ;CB<I=;<CI: CI K@O@>CL@I:. +8@:@ M9B@: LI9B<: =I@ CM<@B<9G@: B@N>@;<@K ?F <8@ ?HF@I: <C I@O9@D KHI9BN <8@ ;CB<I=;< :9NB9BN. /012345 A  CM <8@ 4=;@K= '=D :<=<@: <8=< E*BF :<9LH>=<9CB 9B =BF ;CB<I=;< 8@I@=M<@I @B<@I@K 9B<C ;CB<I=IF <C <8@ LICO9:9CB: CM 3@;<9CB: UPVP0P =BK / :8=>> ?@ BH>> =BK OC9K.J +89: :@;<9CB @GL8=:9b@: <8@ CO@II9K9BN LCD@I CM <8@ 4=;@K= '=D =N=9B:< <8@ ;CB<I=;< G=K@ ?F <8@ K@O@>CL@I =BK <8@ ?HF@I.. %D0 );10F; #;GR I; @??8  6C FCH D=B< <C ABCD FCHI I9N8<: =: = P0;J 0E2;20 35S0E24P P CI :9GL>F =: = I@=> @:<=<@ ?HF@I D8C 9: G=A9BN 9B:<=>>G@B< L=FG@B<:c +8@ M9I:< >CN9;=> :<@L DCH>K ?@ <C ABCD D8=< >=D =LL>9@: =BK D8=< <8=< L=I<9;H>=I >=D ;CB<=9B:P D89;8 9B <89: ;=:@ DCH>K ?@ <8@ MH>> <@Q< CM I0QO=J31 *12 T47 @??8 . 4CI@ LCLH>=I>F ABCDB =: <8@ ! #$% ' (  P <8@ )* +,,-  MC>>CD:. %D0 );10F; #;GR I* @??8 P 9: <8@ I@=> @:<=<@ @TH9O=>@B< CM <8@ @;<C '=D. '9A@ <8@ @;<C '=DP 9< =>:C ;CO@I: M9B=B;9BN CM :=>@: CM I@=> LICL@I<F dD89;8 9: D8F GCI<N=N@: =>:C ;CG@ 9B._ (< KC@:Be< =LL>FP8CD@O@IP <C <8@ MC>>CD9BN :=>@:S  X._ (BKH:<I9=> >C<: 1._ )CGG@I;9=> ?H9>K9BN: =BK >C<: U._ '=BK: HBK@I <8@ )* $ '=D 4*)#6* '*[ d */001_ 4=;@K= '=D 9B <8@ $89>9LL9B@: =LL>9@: <C <8@ LHI;8=:@I CM I@=> LICL@I<F ?F 9B:<=>>G@B< L=FG@B<: D8@B <8@ LHI;8=:@ ?@;CG@: ;=B;@>>@K ?F = K@>9BTH@B;F 9B L=FG@B<. (< LICO9K@: <8@ ?HF@I D9<8 = I9N8< <C = I@MHBK =: = I@TH9:9<@ MCI ;=B;@>>=<9CB CM ;CB<I=;< KH@ <C K@>9BTH@B;F D8@B <8@ ?HF@I 8=: L=9K =< >@=:< <DC F@=I:. +8@ I@MHBK 9: 0]f CM <C<=> L=FG@B<:` =KK9<9CB=> 0f L@I F@=I =M<@I 0<8 F@=I. +C TH=>9MF MCI <8@ 4=;@K= '=DP <8@ ?HF@I GH:< 8=O@ =>I@=KF L=9K ;2 J0;E2 8 K0;PE 4U 35E2;JJM052 Q;KM052E7  X.   +8@ ?HF@I 8=: <8@ I9N8< <C ;CB<9BH@ <8@ HBL=9K 9B:<=>>G@B<: KH@ D9<8CH< =KK9<9CB=> 9B<@I@:< LICO9K@K <8=< <8@ ?HF@I GH:< L=F D9<89B <8@ NI=;@ L@I9CK. +8@ NI=;@ L@I9CK LICO9K@K 9: CB@ GCB<8 MCI @O@IF CB@ F@=I CM 9B:<=>>G@B<: L=9K. 1.   +8@ ?HF@I 8=: <8@ I9N8< <C CL< MCI = I@MHBK CM <8@ 9B:<=>>G@B< L=FG@B<: ?@9BN G=K@ d+89: 9B;>HK@: <8@  %.(/ 0 12$/345 %$0.4634 .7 .036./4 ./ 38$ #./37 #39 . +8@ ?HF@I 9: @B<9<>@K <C 0]f I@MHBK MICG 89: <C<=> L=FG@B<: G=K@. *B =KK9<9CB=> CM 0f I@MHBK L@I F@=I MCI @O@IF 0 F@=I:. (M <8@ ?HF@I 8=: L=9K J0EE 2D;5 2G4 K0;PE 35E2;JJM052  S +8@ ?HF@I 8=: <8@ I9N8< <C ;CB<9BH@ 89: L=FG@B<: D9<89B = NI=;@ L@I9CK CM /] K=F:. );10F; #;G :I0QO=J31 *12 T47 @??8<   3C D8=< 8=LL@B: 9M FCHWO@ ?@@B L=F9BN MCI I@=> @:<=<@ LICL@I<F 9B 9B:<=>>G@B<:P =BK FCH K@M=H>< ?@;=H:@ FCH KCBW< 8=O@ =BF GCB@F <C L=F =BFGCI@c -B;@ =N=9BP <8@ >=D LICO9K@: MCI = I@G@KFP 9B L=I<9;H>=IP @LH?>9; *;< ,C. /001 CI <8@ @=><F (B:<=>>G@B< &HF@I *;<. 2CH ;=B I@=K <8@ MH>> >=D 8@I@ g8<<LShhDDD.>=DL89>.B@<h:<=<H<@:hI@L=;<:hI=XYZ1hI=i/001iXYZ1.8<G>   2CH ;=B =>:C NC <C a'% & <C =:A MCI =::9:<=B;@ 9B FCHI LIC?>@G: :H;8 =: ;CGLH<=<9CB CM I@MHBK: =BK M=9>HI@ CM <8@ K@O@>CL@I <C K@>9O@I D8=< 8@ 8=: LICG9:@K . a'% &W: =KKI@:: =BK ;CB<=;< BHG?@I 9: CB <8@ LI@O9CH: LC:< CB $6 XUVV d\H:< ;8@;A <8=< CH<j_.
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