edafohut ave the shufegic natives _bebinad gnemges & eciuisibion cuahea. a A Synergy 2 Compumies marge to _cxtube Aj nengied Hoth coum result in codt samngs— tracecused eWbrcieney) reese Sc Cal Camag ch nenes $< sy nencgees Cuan be cichtened — Momigh _cronemies od Seal © ‘tsom ¢ lenente pescuate $e _tuembined er fiestyse Marked Rpuasin Men citrate, cet abterr used to eho sned inners ts oac xpunia —evistran qpauedee 2 Aesemce. __exosiauintaag Carn Rava tea, {frelon Lienr) ove? <_fcoess to Cenhmala fap cm TTalesat) fic durztins—Ssaagunate toatl, _ Aduinnved. teoloanlugyy —d¢ —_spesialired hale oun fomnade cr _tmmage bye“ cudiaina huge’ aie psaaminstion “ena Syndiie —. Hercebey wreantta ob eet “d Bunccl tenia > M8 A cofndtres comm fe ahivera by Tee _destre Ror —Pnaninacies | gesin S.. Ssh os innemtusi ong. bhurelapldey? value; racesstaass Gupitu) parakets cae erchveniviy—_Casoanmnies sof). Stan Ole cee ; 45 co Rectbspamatiag » Gromafumnies eu} use (8 At senbsysn their Bhtegie — -Roisy dreshing nina =One ase os _cLequiadyg businesses —Hauh —esliganr foe Mese witt, | Abner —Lems—keanny goals. —+ fs sab ae 6] Riel —_etibudtena > M2 Gana Leia Simic 9 90 oe co yg soansuel ots Caan pekthyer Meee sits, < se gulactoy — Challenges — A Cadashe i | Getgber! Ex pumsion + Gorafunie2—seeite = —|eaian Prsrget 202.DELUXE PAGE pare 7 niin Ds aa Relate {nebusende go see baby ie adh ie Cana saledectiony —eumnel Tadershay Qasthn thie 0h ole ey hamerted ‘a eT A Bn teuedk dps cma soli duthtown blaeibeaneultoatttin of eee Sen ecpeidthes ound taafraized.” endlushay —Resthiaaing fe Manage A trices bayitledslagy t Or Onhuare J Houage fag Pater. = chit crae Son € 34s S wb a Da en Cae = tdecreuse yeul Px: <—_emnguistthion yan the— DELUXE — PAGE NO. vue Rehs> Mergers cua orhoduse fraurreresd | KS. auch ag. jneecused debh levels cm Lequedchy rieyeey —Whrek ois —imaquch te Raninatcdl hess curnk state sll item all Basle c.mea ted —_fercephrewa 1 _wegatince Taitued Pentep hier of vest kunas to fe _amengear Such 114 Cunat loans Staheyre fi or Rilige Sra spests ctor loud fod seese athe —tamapuinass glock pos.ce seal tent se Cot} hrf cree ft > entrada shops tnq_saaentjen”——— —decettaeertpean | Xn jnaseetionn 9 sad 4 et T halegec Plunmiag ‘> “This savolads —dellara toe [ Shailey pe verbal t ehind phe sneagea, rene latdsn 4 — tdeandt ty fang SYaaendee t pualekef _oppubinaries oaak =. Cobewbhebb? ohé kit geudi oink lads alt 2 Bue Diligence = Toth Raxdtes cnadurt her ugh sec Prltiguace 4a erasers eonh ofleens Peswarett legal, oper fered Leak eat reseed cas ES cE 5 Neubasst free “1s - cruel +n _deferrmnae Hee erobe wuts ey Curthuse Odea Mietout 3 aaeblwds such we Lescou “caugle Pua cenmapursbhle —cseapuoayf—enasily ss Ry Cerendena bi hatnagesthen £. ene used — tie Vewlusite 2a. L teeaphafrena ound Neyreesment t- Wego tredra s—pulee place b treaty —cina—tgrtewresnd gir de temas of the watagen ,reulud nA “exahunage mdr gevernasinatee, shouehine4.mggh ales oad mote __pluns. Seg ubashey — Approval tandlaed send Hye pie > Jredces usb Ap pow de toa cosh ee Cana wf pa Suk inneatl i ia now appl peeclonce lan lilenps ace heath tapered Ay pec Ly Wale ea cap frome Ane tater peitnese dremagt sernantycan| rede gay teed 4 ———— Sepang ya the jusrsbachon s Dthe ranasieching at yptlic baat — ot dwhburk audduathed neutj weed to wth Ye crating th Coot p Wout| DELUXE PAGE NO (bare Seen sane A Tanlegmafear 0 bunnnrnasy's hil wacker intkeg J NS _onigieel te erat re Sanauofty nbansthriy Gade a wealliretiag ol PYaneegs'ed. 4 beat —- Von lementutrey cond maori teatny The ronteeyer ap lemented cu Pent dee gree dlp fees. Ss porn _Prodresie ib united to ch sseny Hye + sforohneneriaet s+ of Pjnaent}re tha dig Fad bow se ii 4 ah, eS,— pELuxe — PAGENO DATES Equity Ressanting: i c Als 2 Hebs Sea Geatlthy ludoace deck Ly iy Gece ssa deh cum de —clpp euting fo tastes} ole Peter _caurh{ — Cusdterperterrs + Orusd_tatales & Dales oromenship! onl esata fea dbont foe taass tag shovels lidears tug be chutll enagenny to yulS &_guttrerenA equi hat 4 21 eel 6 Mited Tay meartk — Coush, Pal ene ie all sGemeBts 2 combines the etduinduges of bath cusle w steels —Putgwnenmts , Paridiay —orawae diate 1esot debs oat ciao eae Fotemheat —afstdes Shosughy Toa beaooaiged sresupits hew- ho taremmapuny—_beyraus's —Linadl to sepasthuse tts asi Leno Se pars —ee spremtee Luidend — hy shusels lders - 6 Cabiiende = Pre Guy ott bi aon Per boryord Ca blicly pared toma pany sss dbtena- Artie Hoss eto seoautsitters ley et Gap of tna shet ole oe Pain kt eauriy — Prnans. > Tis ebblautis He tuna pleas to eutstle tae semchry —tuaadd. 4 oD Buble op auecteds Gelue 1 4 sel 9 em p seul bh poeeat owas "ek ae A shunnpe gle —xelbes do dete nag Lea N- erhelasabine musics © vradeadulerag cat cr —getray Crater Perma _eaetni Ufo _eenetve Tan Shunmnp Sle; etl eagtebs cron Lretbt leh welded ty Marks tatets at true Pac d nga Hater, fawlu dans —funagptele—stesefs Lie Cro pert -Plaogh oad Contiprnenat —sfa-_tssell ens — eafnagatle acre bse geo duct Nat envruetis otinad Wate leks fraperty-, tetera alin modeehe by Moat fidtoe Yn uas Prats sles —tradeae gant oppasze a cpesplne —vastbabyassset poussins —hyperal rules Canam in nner unol cco dunSihtayS Id laeaa =a burped Lunas Ap ennai Wusiaads$ ee ep mtladl ¢ perapbederns ie openttbinas ted foot bilities 4 : 4 Sonat verdes | \ eee Heo | A faba Vena band + §— husineg s-enecungeuneeel hone owas vende purer enAticy Cue trge fer fo toll fewer spent hide fray ert one —vErtbatn R= aa uyernt vemhind.! +. Rustyaeorghip t= The, earhhes: paved — feb Hheyae tauacasl extevhse od exupitul fo robveue 21 ResHe TOMAS Hone don Qvale el Bical s end fie turctners bused on the dgreel a.com demas, st AURIS eae vel 0) 2 lle eri siratbal + Real snl ape oll toe goimb verb, “AYptelly —ghused wy —gererned by 4 sepuaute teeta tigeced uiptbh ley Aha flustevtad ‘ 4 Ul Rucpose + Farad ve , Hb opie a pferdindtteds plat sptparced lee Minne 9 : —}fadurt P Segal thrudae s Jor sh Hegel Pir gules fasdnenstatps - laniled tert Jd egal sega trernen ty 9 4pl chek 1s the i Morewiee: behusecna. Hoghil en su Tae orerds umd YWutloub Teele comers 2. 4 Hostile. Trrkemensit + Vethere +: Hashile tukeovensocouae wither Ye tuayet comm fuslmy 1 sacyjt Opposes tie craguisthtes bid. sApprecnih 2 Tne oct cauintias company. durcadty cpprorsl Voe tinged Cenmapueraiy 8. Slaten [ders bo luy ot carbral btsesh inobere st = aa the cane fluty 1s — shart 55 ‘faa ds Hugh le jubenveas —qact ofler deters ly Hae cdutzeets beled tik teu cae raatinsege Hoe turget a ore i ae cut pucry dd one tlw Basi es, picts as B.- oah a rvehint Bat leath ikon eee eerie cla fry ae sere ® 4 Densivacierlls) obi stressed Cale fgsasp = ae Sea eroquiateay C0 pas Conny froisleg an ea 518 Schunat @— 00-010 Custse $e Sar A 4 Comapaanay Fa ehibtize th + Ruefase te The Pdr} Good of hutlerh tuheinens ae PI oe 3 Hye dishes ec! Cm pusay} Barn ea sto tslaarsy 2 Narbushle ussehn J \Lesenl stead 2 (ati let faker male oes brabus ust Pee Se! oadies 3 echher Lstdilte bolded ice crete dd seanott. = ra} Lome Rensuaricrs pie aBue Tah TGs ee eel et, a eela + feiy'sedc, -sub sidr ces yoo deasiions of 4 baitini — kiss a waaye_t's thon —sdetalena, ‘ ea nn2 Fe Pere XC er cost of equity = Groth ode oe ad oe Game) Oe SS jee let Ye Gadd Value “ogg — Tels td teenth sale ped | “py Fe. Powe Gi estol bly Sead cy cro eal eDduervaleseond Toa etch din Qn ol Pe Pos coud Heaatrautl vulue eo ~\ Gan Cpu t= veel crveanes . \ fuel 6 is1.004 pp-o xj —ae ee. ae eaurhy value bn —____tsueke?# ule el debh Qoray- ths toa berpnnnee Apmlue 2 Gy = puted allie Be Sanne wea Lee tele —__cistinne fh equ hn Stale Kya hee aCurlelafee Ave une ifhted ag —E0-S bbe Ee y reghbed Aig 20s « Coomapusar} BAS Cnayiurhal sures] _ fics gaat Y- ENS Comapusoay SY glaiacs WY renga “Toth carves Ober egy. Ghul shares other macager 2 comma puny. xs Luces ee tomagficay, oluned = _Srusay + 0000 0 — 2 SD9000 Shite Q —_—___— —oergided ae OS a ss cael co ES = (Cenesuo Usoo' o = Cae san] [sen — Ll » _ i BUS a as ee et =xs oT eee Lampe = De THD Ghasoe a afl Cumpueayy x offer a e: in - geasno duvets & Cas neooane bans) ae = 0.9009 —shu2-e3——— — ay eon Y allen abun — wr 4 X22 0000 — shoes . 2 ssyood shirts ~ Ets BF stale Wers ol mapuryt 4 Dlor = (lux _4ssoo) (620086 = 26 con passat 4 Fale “hl at Eps Ayn shure lalders. of oS _X 2%90a0 a ee Da LG0.0080- —Hb [hour tells emulyze: Hike emprah soo ns Oy fetane ta ldeyas of bah tater puntos Nl nrdleor a sj ctblenruchrye 41 —+| Aller wiithrve 4 Csrergt bed DS Less = Cin fren BX EBS | a4 20 eae ee dl cad 4 ae bcaie.) 2] shit os Soran Reshu chiens JG cova rtSinaa of terpurerte yees Eo Gofente aestahrsiny ochos te spl oud oat wa punts —organiaifvoretl stuchie 0 femtheud Ownership vara shicliee ts alllens unbertulsesr de crpzsre Myc Gantpa ad's. fox Ammnure0e | Arnatraterl (rear LHt, Brose seul deeb _eebaslegeoul eduirienneaaks ta Shobls to (relrennse s rea ese ssihidessesbatt biomes ta] s: hyve a2 ibs ot ” Sishulegec Seuss Resbmabioiays oun tele conmattareg hus cure Gana peer e § ea shubeyres cecus= of Saneste ~ ; be Messaging adele - -emnrQutant £3 —anaste} acest ae te mashy. Peis pty na Rensanrerl—enshibt libfg ae gpaJuttorny e deo -Vo\ahiliby . i Sof vay fo Grates Disses} In ases of | Qnrrernl Dishes s o¢hunlcruptey «201 buohiorag crea} help —srearqunnize debts, semeyedle ermal ste Spal cant StL fo a 6 Coda osies— dhucclsl dea yorle = Crforibe aohuthiataagl Lucas to Cerestbe ytlue fac jshu sels lens ly optenizies-| He Qenapumys- exty foul shauthine jw protest | openhsvasil © Bes eantsy ene — festa _gauth,—DELUXE [PAGE NO DATE Be Ele, celal gad Loe perpen Vsrag gus dudle trampled. dos &. Nertiesl amengeqt AER Sati ia Ja De Prntliwa’t Ab verdne ib render ectire whey £ Cemafances e@penthaay cel stages oQ. jStane —sun play elassercr ey Pnsceg sa, pts Ayre 9 Own enc eng ypiclly me eT | ——#Cocmnp le = The an.angtam bede-gy maces 2ne Mum gen cod vy2 Fpadustrres Luss adicau ed 2h Cee Bee ctl Flor sof ler the comajtnaly gtr = ne a oe eS Se ort) | \Goo duo. Uero | 5600-{ L860 the _PeF& cqoe_txpeated tu gpaur ol La ruke cho \Liey Qrperusted Serre d samagerte - the vableate tf Hae Fi aby. Ay sunane We qverillans Qs G900 _cyore dig ed colertlate Hie 4 mle _USting the Perey Ge core § 3 _Uinno. Camaee 1 gj. 6y 29.08 ye pooh aca 2 USoa_xX 03 Tecate psa dat ince Pry vsing dgenataile| Pong tae teohs ys eu sds g-o3 5 ek ee Genet OV CT Asa eet a eS STS. 3S Ctx s-09 5 Saturn 85 {So teDeLuxe [PAGE NO, (one WATE Och Baty Value © lay tan fie seyntvatlit rsd onl Reha Se free cunt Hass ional Me. Reserrd ute, 6 tennriad eon wiles EG 4 = PCBs ly upp eee be ie —— _ Fig a eg ee Lv» lites jh ene an weg (axe aie ic 0.932" oa} a Wiecect y_Lvod _ £9 £9 «8 bk cin Che 92497" i ec ae boo £3260 = Uxgo oo —st.0a Ty eae tae z = 314: — lO 62 $4 4 2099 C4 544 \o+ Geo) ugt 7 24 Sh kE IT IV = A\863U4 63 core a attedite te rule sel pe why ley eb —eeleucd liauhilibrey 3 Mule of caushy - = lo63 uqrag = Goan ? = loo But. 03 Gore —— 3. ln@3UP0fe g) Spt Hee Whe ellen hua copi hu. Mouurt od fhe. tim. Tr _ qusimeas Lisle 2 Griyas = ait; brigteon Susisadas ose eer Gober co tinue debt fo eautly athe to acdc e Amenaurely ask, 25H 9a Dhiy alt 1g atl 2 Raul Aen bility > The bilby to ereceas cupiter) . smaurkeds cnad runece Arar inn Alena eesfee Bs Aloe commqumny Kus ce virliee of Ro. 40 wviil bit = Lape compumy hus or ihre 0h Rs. 50mall tn ye he coma punt es —macnge, Gast saving S900 Besenrt valor of 2s lo anrllrng saw ld _oCeliar Peposes te ole, 1293.5 —-myillroncuetly om: em perseth aia cf’ cheat ae ARC, Shc ig. J fregerrbuul eof He —rereng orto she. hse Pine Ht cllile tye —iathel veel net o Aina] we aa be Dee ie maAcagent 1 is Fiji ad YZ Conn purnasy vault 22 29. 8D mi Meean 2 AN Cas pera yale oe! Ao ore — 2 orlulod He fragh mrcape talive es Me Ge scdeivug Hy sh pugs : + Posh very vtlu eof yo 5 Ap c= Gey As(J) tolul ree the basis om wthvoh he caehunge yutto 18 Grmmaualy delemmimned im fuchee 9 ly wae ream one cippreasls 'S tr buse the epeburge reaurdeel rites of both the aguiaing unt 's Shure, wohile wurtet Garces Puride ures dely Atte ed aaputsctact naaeoLil wh aulyeat so glib enn weMel 2 ce | Meal value \-T veel Hoey awa be volute fsb ives! voolh wey rast (12 coneapuanl eh, au cil be ba tes, subus Hetonel — cust saad mses usseks -eapess Rewial to busny Bapeahy Sonne Lp Pesciehee as3¢ euasarr§ bust fo. en pach OL Gna futnatf— ates a) Haar chloe je sarbir raed orerte kd flertaatentar « Pubile co sath ge « orlu amd — ‘shosbespe inal ile = Parte (no Ste Pyaacaspe4— eu peated Pawn Hat saat stew ne atlaae a ana biaarrag” 3 Coma nuaate As tacile op tnengned erat shocker —vethy etiat eoaappalarctcl daa on PAIR Pocp exten oe a! Lg foly. waa ey Tues By | eh 004 os Pe aad puke h tundihraas * Peabody vik ra Phreed bay —vete oherten —dapastioaics bchueonl aur ¢ fast eg. —rerlol ed —yssnaal Pacantllivef oo, ‘Eat ks Negeteihionn wad must of topsoil et Geni Meret snl tn 01 2 Ay toad fore _ibvduce brates ey tin ePicrerrets sence Bully saunauged. — Aushes manu Lue, {feneeptints AO. verlue, seurd narsteel tomded Colna 2 ehunge—obip idly, OP etna edie a Riemness Hye nel Dae Looe Out AL whit vs Lo 2s pietussdhoee ee =o Wes one an Wr nes clad ph ston = 1A lever vl i 2.5 ae an chi yf off based be croqutyed Cr pusdf pushing olor Meribility on 0 tn temas, esh Act bays Cee fo exit Hye myn rath Pugtire fee 4 bey hrs las Om foyind e na gt jem et. Stem d I idushaes- nd) pauote shoe ole, der 0s 7 _relue oresth ActBhams uta bo the vulie of the erprbtd exer iy —Ahoes fh otnihiqae inuhiahtes . aperuhy c Ofrer end Ya teeoe 8 nett belts Merida ty dhe esky 2 Oa yu sijree ft Bush & "nputae _cumsnren onthe Git uf Seema’ Uspeite 2 btrebuergs LER ce esnat} oust tay Tule wactas, dene Ronnag to —tnnarerbe crea d trea fears toon Lug eos wrcaA Resnnscty ' Tuleortas esa fora cao tl anrrsfainateg wath, © ctteds dy coupfuct qari mr mot Linc Loid obleow Ie waA_en pense Most 4 oi Rar es cTakeprens cuir oxcette (tla . stutee bebdene aly & Slane bowl deg» 2 Gott phe stestsatytay Cera sje tr Cunaafurrai et ~ a cle gf Mantupalyy-oy v0 lige Poly > cnc vb toe pole oh di teesvers is Hac msk 9 woante loeb Aswnascdes folishie_smunddeh asa fires, Shore y fu| eT pan. Siig eubd rahi 0? toe Gl Fob Losses ued “Disrruphanas ! ae cua Aimed aceulb on ges losses ,cpperially 1? Meee preteens moomles om fhe oi totay taap Lemenets.oteis ba cuffny—snnearsu rt i L Fi Repulefiny ams (demifres > utavemmele and Latary bedve $e ftina wmunchn hukeovess fy te Camp l 4 Guikh exch brag h fuser conape fidien Te hata oe fevded sedudel Jo th Ou galy | lf? 9 Sc, tear te whhdy_Eps 00 xX Ltel APtea Aeyursihe2 re bal usmnnhteblene weak Bee Diol. ene Tow ka] Toft —_esterinay After tsa Aer y lel eta -w2s.0 lerbele + Tghel Currin AElers caguitidiay auioan peop) lek =pl wo lakh | otel po shure offer aquisition i= Cro asp) Lukh * —1sO tale sees wes sf x lel pblee meine = Coil eae Alter Pewicihiaa Tale Woof sbayoes ute Aequisitread 2 gl Oss nan so = Ro Ch Ce pested —nuudcet ese Paghae alco Wit e Acswiislhur aaa ” dts ob x [belo poleg es ifihed «aki > Tip] és Qutoiet xthl 2 10 resent sb ee [exported Murokel Tce pew shunts of x lich After fre guns tee a ne = eps of Xi ltel. Allon caqusiem Xx Cle vuho as 4 of x Ltel, paises 2 RS. gO . I) pisekef value stl Pagid Bice! . | poked parce eacshuat x_ltel 2 @3-loo | TP tapil aot shred culshiadivyy De x teed 2 (na lah Lpraskel value ot xtle afpats ixLBh xtoal-no.ol's utshrdius| - fa eo pe e0 | fb hd A ts = As w006 Leaked inn feed —pcee. Wie 12 VY btel. aU. ap d + Tobtl M0. ef stuns ods feaabing Pry Bd _|_._ Jes ae ie = sobsikl dliso ea ee a ee of yl x clul ne edge a “eked saslue of tenged Beas ae 5 Cissoo + leno_] ar] = RS ttre parker —__6]) (Cine Panes Pie vrgonbhgla the emis darks git onan s ee ne eam ns ee ee ie F 2 Linuekebvalucoh Plenged = i ery eee —— wre. ears fic LiedDELUXE eGo l lyst Pat Ae of Y Hel =[Mas Kee Value of Menged pauotet vase vu Ryn 4 sl Léel. Tl = Cee =looo A fossa \algh@- Sune aE SDL, Da ee Fait Wg Inne Leb, 2 etaad Shuotheldees _o-€ y tel gta rs. too00 ale i a il ha ie 2s